Can NJ “get it right”?

From NJ Spotlight:

CAN NEW JERSEY COMPETE IN THE GLOBAL ‘INNOVATION ECONOMY?

It may sound more trite than true, but “think globally, act locally” is an apt — though oversimplified — assessment of what New Jersey needs to do to thrive in what’s being called the “innovation economy.”

This new macroeconomic model stresses speed, collaboration, and flexibility. It expects expertise in the so-called STEM fields — science, technology, engineering, and math. It may ultimately reverse conventional paradigms, with companies following high-value workers rather than employees chasing after jobs.

And as was made clear last week at a summit hosted by the PlanSmart NJ land-use think tank, Trenton must make some tough decisions if the Garden State is going to be a global player. For starters, it must upgrade New Jersey’s transportation, power, and IT infrastructure; relax home rule laws; and encourage public-private partnerships.

To be clear, this is not just about the trifecta of usual complaints about the state’s steep taxes, high cost of living, and challenging regulatory environment — though they must be addressed as well.

“Competition for innovation-based economic growth on a national and global level has become so massively intense that states have to get everything right: taxes, talent, trade, infrastructure, and much more,” according to Stephen Ezell, coauthor of Innovation Economics.

“States don’t control the terms anymore,” he continued, “Companies shop the world to find the optimal locations. That’s the global economic reality.”

Ezell added that two-thirds of U.S. economic growth since WW II is directly attributable to innovation. And because innovation explains 90 percent of the variation in per capita income growth across countries, it’s imperative that states and nations get it right.

And experts who have been working with the state to help “get it right” point out that New Jersey does face some formidable obstacles. “As hard as it is to believe, New Jersey has evolved into an inhospitable place for people and businesses,” lamented noted real estate analyst Jeffrey Otteau.

This entry was posted in Demographics, Economics, New Jersey Real Estate. Bookmark the permalink.

69 Responses to Can NJ “get it right”?

  1. Comrade Nom Deplume, a.k.a. Captain Justice says:

    Frist

  2. anon (the good one) says:

    @JamboR1989:
    Glenn Beck has declared that “Libs were right on Iraq.”
    When loony tunes like Beck agree with you, an angel gets its’ wings.

  3. grim says:

    From Bloomberg:

    Housing Falters as Forecasters See U.S. Sales Dropping

    The two-year-old U.S. housing recovery is faltering.

    The Mortgage Bankers Association yesterday lowered its new and existing home sales forecast for 2014 to 5.28 million — a decrease of 4.1 percent that would be the first annual drop in four years. The industry group also cut its prediction on mortgage lending volume for purchases to $751 billion, an 8.7 percent decline and the first retreat in three years.

    Bullish forecasts in early 2014 from MBA, Fannie Mae and Freddie Mac have been sideswiped by rising home prices and an economy that isn’t producing higher paying jobs. The share of Americans who said they planned to buy a home in the next six months plunged to 4.9 percent last month from 7.4 percent at the end of 2013, the highest in records going back to 1964, according to the Conference Board, a research firm in New York.

    “The big housing rally wiped itself out because prices increased too quickly for buyers to keep up,” said Richard Hastings, a consumer strategist at Global Hunter Securities LLC in Charlotte, North Carolina, who predicted the slowdown eight months ago. “The pool of eligible new buyers is collapsing” because of stagnant incomes and lack of credit, he said.

    The best-qualified homebuyers jumped into the market last year to grab near-record low mortgage rates that averaged about 3.5 percent after delaying their moving plans during the housing slump, said Nariman Behravesh, chief economist of IHS Inc., a research firm based in Englewood, Colorado.

  4. Jason says:

    Is it too much to ask for the Twitter bird to swoop down, grab Anon by its talons, fly him up to its nest in the Cloud and feed him to its chicks?

  5. Painhrtz - from Sabbatical says:

    Anon is proof there is no god

    To answer the article’s rhetorical question no

  6. phoenix says:

    Interesting add on Craigslist. After he buys your multi in Morris County for 200k, how long before he refinances you out of your 8% and bails?

    Would like to purchase single family,single family w/in-law or 2 family in Morris county.
    Can pay cash but would prefer to purchase from owner on terms.
    Above average interest.
    Willing to pay as high as 8% which is twice the prevailing mortgage rate(currently about 4%) .
    30 day close.
    Will consider all properties regardless of condition.
    Price range around $200K.

    http://newjersey.craigslist.org/rew/4474716559.html

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  8. Fast Eddie says:

    “The pool of eligible new buyers is collapsing” because of stagnant incomes and lack of credit, he said.

    Except for the Northern NJ area, of course. Right? I said, right?

  9. clotluva says:

    “The Boomerang Kids Won’t Leave”

    http://www.nytimes.com/2014/06/22/magazine/its-official-the-boomerang-kids-wont-leave.html?hp&_r=0

    “These boomerang kids are not a temporary phenomenon. They appear to be part of a new and permanent life stage.”

  10. clotluva says:

    Also interesting about the NYT article – this board has talked about bimodal housing inventory in NNJ (no such thing as an “average” house); same can be said about employment. You either have a mindset that your career requires continuous committment to keep your skills relevant, or you don’t (and get left behind).

  11. Fast Eddie says:

    The best-qualified homebuyers jumped into the market last year to grab near-record low mortgage rates that averaged about 3.5 percent after delaying their moving plans during the housing slump…

    The so-called “pant up” demand came and went. Who’s left? The only question now is whether there are a greater number of unqualified buyers or sellers?

  12. clotluva says:

    …and one more comment about millenials. I wonder to what extent part of the problem is that main stream media has beaten it into their heads that “You will be successful if you love what you do”. My mindset has always been, “You will be successful if you find a need/demand, and figure out how to fill it.”

  13. grim says:

    “These boomerang kids are not a temporary phenomenon. They appear to be part of a new and permanent life stage.”

    This isn’t unfortunate for the housing market, this is unfortunate for America.

    An entire generation not interested in investing in anything? No ambition, no motivation, sucking on mommas teet into their thirties.

    That won’t end well. It won’t matter if you own or rent, we’ll all be fucked. Buy hey, at least they all get gold stars.

    I welcome the immigrants, because this lot? They will form the basis of the poorest generation.

  14. 1987 Condo says:

    #13..France?

  15. 1987 Condo says:

    Immigration has made this nation and will save this nation…welcome all people who want to work, get ahead and improve their lot…

  16. grim says:

    Convert it into a homeless shelter, from the Star Ledger:
    Revel casino warns it will close if buyer can’t be found

    Atlantic City’s Revel Casino Hotel warned its staff today that it will shut down this summer if a buyer can’t be found in bankruptcy court.

    In warning letters given to employees and obtained by The Associated Press, Revel said it is seeking a buyer for the struggling $2.4 billion casino, but can’t guarantee one will be found. If not, employees could be terminated as soon as Aug. 18, Revel said in the letter.

    “If Revel is unable to complete such a sale promptly, Revel expects to close its entire facility,” the letters read. The company also said it plans to stay open while it searches for a buyer, operating as usual, honoring player comps and paying employees and vendors.

    Shortly after distributing the letters, Revel filed a Chapter 11 petition with the federal bankruptcy court, its second in as many years. Revel said it hopes to find a buyer quickly.

  17. joyce says:

    16
    Yup, it will and should close. But wait, I bet there are a ton of buyers out there willing, ready, and able … just not at it’s current asking price sound familiar gary? ;-)
    Sorry creditors, haircut coming … unless another State bailout like Xanadu

  18. Fast Eddie says:

    joyce [17],

    I’m sure there’s multiple bids over asking price. Ask any realtor. :o

  19. Fast Eddie says:

    One in five people in their 20s and early 30s is currently living with his or her parents. And 60 percent of all young adults receive financial support from them. That’s a significant increase from a generation ago, when only one in 10 young adults moved back home and few received financial support. The common explanation for the shift is that people born in the late 1980s and early 1990s came of age amid several unfortunate and overlapping economic trends.

    Tell that to the Greatest generation, I’m sure they’ll love that last sentence.

  20. Comrade Nom Deplume, a.k.a. Captain Justice says:

    New Jersey beats out NY for being “smarter” (even with anon bringing down the average).

    http://www.thestreet.com/story/12712489/10/the-10-dumbest-states-in-america.html

    But no surprise which state is “smartest.”

    Okay, it’s junk science but it’s still fun.

  21. Comrade Nom Deplume, a.k.a. Captain Justice says:

    Immigration reform is a negative for the stupidest and laziest among us. But it is very good for employers as the pool of talent, or simply muscle, expands and keeps a lid on labor costs.

    We harp often on income inequality but it is tied to skill inequality, and in a system with increasing productivity and expanded labor pools, the permanent underclass will grow at a faster rate than if you didn’t artificially expand the potential workforce. We can either create the skilled workers of the future or import them. The former hasn’t worked so well so we are looking to the latter.

    I can envision a future when the well compensated techies on the google buses are all immigrants, and the folks being evicted from trendy SF neighborhoods aren’t. The next xenophobic wave won’t come from rural, white conservatives, but from a diverse underclass that finds itself resentful of all the successful immigrants who are giving them orders.

    Clot is right, we are well and truly fuct.

  22. Michael says:

    I stated this numerous times, but this article highlights indirectly how middle america is dead. The top 20% income earners live in very select areas. We live in one of them. Try getting a top 20% job in kansas, alabama, or indiana. There are some there, but in reality, hardly any.

    This also affects our state. The 80% they refer do live in nj, but in select areas. This is where housing is dead. Your patersons, your newarks, your camdens. Your places where there is high density in terms of populations. This is not your ridgewoods, saddle rivers, or tenaflys. These people are doing fine. I know fast eddie thinks otherwise, but like the article explains, it’s dual economy now. You either have it or you don’t. The article doesn’t blame income inequality, but that is why this is happening. You have people making a ton of money, and people making nothing. It’s as simple as that. Problem for our economy, is that the majority are making nothing. This is not good for the country or economy. Something has to change, you can’t just expect society to be great, when you write off the majority of the population.

    clotluva says:
    June 20, 2014 at 9:14 am
    “The Boomerang Kids Won’t Leave”

    http://www.nytimes.com/2014/06/22/magazine/its-official-the-boomerang-kids-wont-leave.html?hp&_r=0

    “These boomerang kids are not a temporary phenomenon. They appear to be part of a new and permanent life stage.”

  23. yome says:

    Existing home sales can keep going lower as long as there are more buyers than homes for sale, prices of homes will keep on going up. No? Or least prices will turn sideways

  24. grim says:

    YOY North Jersey Contracts picked up at a good clip in May

  25. yome says:

    Welcome to the 3rd world.This will be complete when flocks starts migrating to other Countries to find jobs.

    “One in five people in their 20s and early 30s is currently living with his or her parents. And 60 percent of all young adults receive financial support from them. That’s a significant increase from a generation ago, when only one in 10 young adults moved back home and few received financial support. The common explanation for the shift is that people born in the late 1980s and early 1990s came of age amid several unfortunate and overlapping economic trends.”

  26. yome says:

    Where do you stand?

    A sluggish economy, a growing portion of the country says that poverty is caused by circumstances beyond individual control, according to a new NBC News/Wall Street Journal poll.

    The poll shows a significant shift in American opinion on the causes of poverty since the last time the question was asked, nearly 20 years ago. In 1995, in the midst of a raging political debate about welfare and poverty, less than a third of poll respondents said people were in poverty because of issues beyond their control. At that time, a majority said that poverty was caused by “people not doing enough.” Now, nearly half of respondents, 47 percent, attribute poverty to factors other than individual initiative.

    http://www.nbcnews.com/feature/in-plain-sight/poll-fewer-americans-blame-poverty-poor-n136051

  27. yome says:

    “The promise was that when the glass is full,it will overflow benefitting the poor. But what happened instead is, When the glass gets full, it magically got bigger. Nothing ever comes out for the poor”
    Pope Francis

  28. Michael says:

    So true, it’s not even funny. How could people believe this lie. That people would get so rich, that they would just start to “trickle down” the wealth. Like I said, that only works with people not obsessed with greed. When people continue to accumulate into the billions, this policy has failed. How could people be so naive, as to allow this growth at the top, expecting it to come down to them. So stupid. People really are idiots. They don’t like paying more taxes, yet they are going to willingly trickle down their wealth when they have accumulated more than their share. lmao….people will believe anything.

    yome says:
    June 20, 2014 at 10:39 am
    “The promise was that when the glass is full,it will overflow benefitting the poor. But what happened instead is, When the glass gets full, it magically got bigger. Nothing ever comes out for the poor”
    Pope Francis

  29. anon (the good one) says:

    yep

    yome says:
    June 20, 2014 at 10:39 am
    “The promise was that when the glass is full,it will overflow benefitting the poor. But what happened instead is, When the glass gets full, it magically got bigger. Nothing ever comes out for the poor”
    Pope Francis

  30. Comrade Nom Deplume, a.k.a. Captain Justice says:

    [27] yome,

    I see this as evidence of another canary about to expire.

    I said before that the Michael/Anon/Cobbler/223 soc1alist view would gradually gain acceptance over time, that we would start to trend toward a US molded in the DSA model. As a result, we will experience significant capital flight that will be further replaced by FDI (often in the same transactions); the US and most OECD nations will erect capital movement barriers against emerging nations, tax havens and Asia; social engineering will become more evident in laws and regulations as liberals seek to anchor their victories and drive antiparty thought and religion from the public square; and that we will see a backlash that manifests itself in random violence, organized violence, and serious, muscular attempts at secession, the latter two of which will result in federal intervention. And I think I will see all of this in my lifetime.

  31. funnelcloud says:

    I have to agree with Mike, I do not have a problem with those that build wealth by creating somthing, however, that is not happening in big business today, The execu-class is simply stealing or transfering the wealth from the employees to themselves, Just look at the facts, They cut benefits & give themselves bonuses, They don’t give rasises but give themselves bonuses, They cut the promises of pensions earned and give themselves bonuses, This has been the accelerating standard for at least the last decade, The greed standard is disgusting, But who is going to challenge them, they are in charge. I hope these assholes in charge remember what eventually happened to King Louie and the aristocracy during the french revolution

  32. Randy says:

    Best Mexican food restaurant in Manhattan? Clot? Grim?

  33. Michael says:

    Well said. Why these other guys on this board and in society can’t see this, I don’t know. They call me pea brained, but they are the ones supporting these individuals that are destroying our society. Way to cheer and protect a bunch of greedy individuals.

    I love that you brought up the French Revolution. Look at the causes of the French Revolution, it is exactly the same thing as now. Inequality, and the top classes not paying taxes. That ended well. You would think these wealthy individuals would take note. All we need is a crop failure, and these wealthy dudes are in trouble.

    funnelcloud says:
    June 20, 2014 at 12:21 pm
    I have to agree with Mike, I do not have a problem with those that build wealth by creating somthing, however, that is not happening in big business today, The execu-class is simply stealing or transfering the wealth from the employees to themselves, Just look at the facts, They cut benefits & give themselves bonuses, They don’t give rasises but give themselves bonuses, They cut the promises of pensions earned and give themselves bonuses, This has been the accelerating standard for at least the last decade, The greed standard is disgusting, But who is going to challenge them, they are in charge. I hope these assholes in charge remember what eventually happened to King Louie and the aristocracy during the french revolution

  34. Comrade Nom Deplume, a.k.a. Captain Justice says:

    [33] funnel

    Louis’ mistake was not fleeing to Austria when he had the chance. Today’s uber wealthy will be sipping martinis in Monaco before the mobs tear down the gates, and their money will be safely beyond seizure as well.

  35. clotluva says:

    Randy (34)

    I am partial to Mexico Lindo. For more upscale, I’d hit El Parador Cafe.

    For authentic Mexican, head to Red Hook on the weekends. Seriously good street cart food (and you can watch some fairly high caliber club soccer while you eat it).

    http://www.rhfv.org/home.html

  36. anon (the good one) says:

    “According to another source who also attended the conference, 300 individuals — worth at least a billion each — were present. This source said that the explicit goal was to raise $500 million to take the Senate in the 2014 midterms and another $500 million “to make sure Hillary Clinton is never president.” ”

    @BillMoyersHQ:
    Just what do they do at the Koch bros’ confabs for billionaires? Go behind the scenes & find out… http://t.co/0X5eE3VT5E

  37. Comrade Nom Deplume, a.k.a. Captain Justice says:

    [38] anon,

    I especially love reading the comments to the stuff you post. This one, in response to someone whose comments didn’t seem very controversial or aggressive, but which did not offer full throated support to the story, was telling:

    “baron95,

    You have been given many warnings about breaking the comment policy. Your decision to ignore these requests means you will no longer be able to participate.

    Thank You,
    Moderator @ Moyers”

    Echo chambers only preach to the choir.

  38. Anon E. Moose says:

    Grim [16];

    Re: Revel;

    Snit, I just bought tickets to a September concert there. Bad investment?

  39. Libturd in the City says:

    Glenn Beck has declared that “Libs were right on Iraq.”
    When loony tunes like Beck agree with you, an angel gets its’ wings.

    So does that mean that Hillary and Biden aren’t liberals? Well technically they aren’t because they are all really the same.

  40. Randy says:

    Clotluva, thanks!! Both of your first 2 mentions look perfect.

  41. anon (the good one) says:

    Nom, clot and rags get an erection thinking about the end of America.

    America will be around forever, we just to fine-tune policies that only protect and support rapacious fat cats

    Comrade Nom Deplume, a.k.a. Captain Justice says:
    June 20, 2014 at 12:14 pm
    [27] yome,

    I see this as evidence of another canary about to expire.

  42. Michael says:

    If things got real bad and a revolution happens in America, there will be nowhere to run. Just like the original American revolution put an end to monarchies as the go to govt around the world, another revolution in America today, will also spread like wildfire through the world. It will not be safe to be uber wealthy anywhere.

    Comrade Nom Deplume, a.k.a. Captain Justice says:
    June 20, 2014 at 12:35 pm
    [33] funnel

    Louis’ mistake was not fleeing to Austria when he had the chance. Today’s uber wealthy will be sipping martinis in Monaco before the mobs tear down the gates, and their money will be safely beyond seizure as well.

  43. Libturd in the City says:

    There will be no revolution. Our politicians have mastered the distribution of the crumbs.

    Obamaphone anyone?

  44. joyce says:

    Not to mention hiring the “right” people to work for and protect them.

    Libturd in the City says:
    June 20, 2014 at 2:26 pm
    There will be no revolution. Our politicians have mastered the distribution of the crumbs.

  45. Michael says:

    Honestly, the u.s is probably the safest place in the world to be uber wealthy. Try stopping your land rover at a stop sign in Peru. In America, we idolize the rich. Add in the laws and judicial system, combined with the security of our military and police force, and damn, it’s no wonder most of the millionaires in the world live in America. Forgot to add in world class healthcare if you have the money.

  46. Michael says:

    It’s like the wealthy have figured out, why not just get them on welfare, this will leave more of the pie for us. That’s a good % of the population that you now don’t have to compete with. It’s rather brilliant. Act like you hate it too, so that they never suspect that you have set up a trap for them. Lol that would be funny if it was true

    Libturd in the City says:
    June 20, 2014 at 2:26 pm
    There will be no revolution. Our politicians have mastered the distribution of the crumbs.

    Obamaphone anyone?

  47. 1987 Condo says:

    anyone with enough gumption to take part in a revolution here can figure out how to make a decent living somewhere in US…or leave for a better place.

  48. Fast Eddie says:

    The median U.S. household income rose less than 1 percent in 2013, according to data from Sentier Research LLC in Annapolis, Maryland. In April, the median income was $52,959. When adjusted for inflation, that’s almost 6 percent lower than in June 2009, which marked the beginning of the economic recovery, said Gordon Green, a Sentier partner who formerly directed the Census Bureau office that compiles wage statistics.

    “Even though we’re technically in a recovery, household income is lower now than it was in the recession,” Green said. “It makes it a lot harder to buy a house.”

    The economy, which contracted 1 percent in the first quarter, is mostly generating lower-paying jobs.

    In May, payrolls increased by more than 200,000 for a fourth consecutive month, the first time that’s happened since early 2000, according to the Labor Department. The number of workers in May rose to 138.5 million, surpassing the level in 2008 before the financial crisis wiped out 8.7 million jobs.

    The gain was led by low-paying positions such as nursing home orderlies and temporary office jobs, both at records, according to government data.

    High-wage sectors haven’t rebounded. Compared with 2008, there were 1.6 million fewer people working in manufacturing in May and 340,000 fewer people working in finance, according to government data.

    Mr. unqualified buyer, meet Mr. unqualified seller.

  49. When I form my armed gang, job #1 will be a death squad for anon.

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  51. Grim says:

    We will be running by q4.

    Quote?

    If you are intersted, don’t bother, the margins are better at a Subway.

    It’s incredibly expensive, and not at all as exciting or romantic as it seems.

    Operating a still is like watching paint dry, a spirit run can take an entire 8 hour day or longer.

    Cleaning, labeling, bottling, cleaning, pages up pages of logs and federal paperwork.

    If you thought property tax was bad, booze tax is worse.

    See the shelf price on a bottle? A manufacturer will make 1/3rd of that.

    Did I mention the cleaning, and waiting, and paperwork?

    And I didn’t even start to try to sell a bottle.

  52. Grim says:

    And worse, you can no longer start small. You’ll miss your orders and piss the distributors off. It’s big or nothing.

    We went as small as realistic, 1000 liter still, 270 gallons, 12 feet high, cost more than a nice car. Add in the price of large steam boilers, fermenters, mash tun, etc.

    And I haven’t even started to talk about fire prevention , explosion proofing, insurance and bonding.

  53. Juice Box says:

    Grim – shine mobile sounds better by the minute.

  54. njescapee says:

    Second rum distillery wants to move downtown
    BY GWEN FILOSA Citizen Staff
    gfilosa@keysnews.com
    A rum company named after one of Key West’s favorite literary giants has plans to open up in Old Town, where the island’s first legitimate rum distillery sits about 400 feet away.

    Hemingway Rum, which makes Papa’s Pilar rum, has filed its first application with city hall to start the approval process required to turn 201 Simonton St., the old Key West Hand Print Fabrics building, into a “light industrial rum distillery.”

    The move comes less than six months after Paul Menta opened the island’s first legal rum distillery in the old Coca-Cola bottling plant at 105 Simonton St. His company makes the rum from scratch in a still and from only local ingredients. He cures the barrels with saltwater from Simonton Street beach.

    “This is great,” Menta said Thursday. “Let’s make Simonton ‘Spirits Row.’ We wanted to be the first. At the end of the day, we all want people to come to Key West.”

    Hemingway Rum, based in Delray Beach, is already well-known in the liquor trade for its Papa’s Pilar “blonde” and dark rums that come in bottles crafted to resemble old-time soldier canteens, with a medallion that pays tribute to Key West with a fire engine-red rooster.

    Carlton Grooms of Key West was named general manager of the planned Simonton Street business last winter.

    While the application calls to open a distillery called Hemingway Rum, the name bandied about in the liquor industry for the Key West outlet is Papa’s Pilar Rum Distillery and Experience Center.

    The name combines writer Ernest Hemingway’s nickname, “Papa,” with “Pilar,” a name that holds many meanings in the family’s lore.

    Hemingway’s first wife, Pauline, was known affectionately as Pilar, and he named his beloved yacht the same name. Pilar is also a main character in “For Whom the Bell Tolls.” published in 1940.

    Now it’s on bottles of rum from a company that banks its marketing design heavily on the Hemingway allure, from the Pilar connection to special edition bottles wrapped in leather holders that come with a Moleskin notebook and pen.

    The dark rum runs about $40 a bottle, boasting the blends of rums aged up to 24 years, while the blonde rum costs less and is made from rums about three years old.

    The backers behind the move to Key West couldn’t be reached Thursday but the application calls for a “renovation” of the 5,720 square feet of existing commercial space inside the brick building at 201 Simonton St.

    First, the planning board has to approve the application. Hemingway Rum’s private planners estimate the city approval process could take until October to finalize.

    Menta, a Key West history buff, pointed out Hemingway first lived in Key West on Simonton Street at the Casa Antigua in the 300 block, while the Hemingway House and Museum is over on Whitehead Street.

    Key West locals don’t have to worry about distilleries popping up all over Old Town, Menta said, recalling the thicket of federal law he had to get through in order to open up.

    “When you’re talking brewery or winery, the government treats it like they’re licensing a slingshot,” said Menta, 48, a Philadelphia native who has also worked as a chef. “Soon as you apply and want to go for a spirits’ license, now [it’s as if] you’re building bombs. That’s how different it is. I had my place built, my lease signed and my equipment in, and then I was allowed to apply for the government license.”

    gfilosa@keysnews.com

  55. Comrade Nom Deplume, a.k.a. Captain Justice says:

    [52] clot

    You will need some Bushmasters. If you are gonna cap anon, it has to be with his least favorite piece. Maximum insult to go with injury.

    Of course, you have to be in a WROL situation.

  56. Drink grim’s crunk juice make me strong man.

  57. Comrade Nom Deplume, a.k.a. Captain Justice says:

    New input on an old story . . .

    http://www.cnbc.com/id/101777778

    And with the recent min wage hike in Mass, those locations will be even more profitable.

  58. anon (the good one) says:

    @pourmecoffee:
    Remember to celebrate Sartre’s birthday by having an empty, insipid day drowning in a meaninglessness you are too unaware to grasp.

  59. anon (the good one) says:

    by not increasing minimum wage, you will be joinin the group below in no time!

    @CNBC: Number of millionaires worldwide skyrocketed in 2013: http://t.co/jWWAURH7tb

    “The world added 2.6 million millionaire households last year, showing that the rich are getting richer—and far more numerous, according to a recent report.”

  60. joyce says:

    Why is it so hard to understand the connection between QEx, ZIRP, inflation, et al and income inequality? No, inflation is not your friend unless you’re in the group you rail against. And what makes those “programs” possible… maybe it has to do with our monetary policy and (mis)management of the economy?

  61. Comrade Nom Deplume, Guardian of the Realm says:

    [61] anon

    Isn’t that what you call every day?

  62. Pay your taxes tea party angry spoiled boomer locust generation b!tches says:

    Come on Cadaver, have you not learned anything from what is going on in Iraq/M.E/ rest of the world. Lack of tolerance is the problem.

    The problem with you angry gun owner death squad wanna be types is that you worshinp the gun. -> http://youtu.be/YOROvO2fxTc

    Also a bit dumb. Sort of like this type of dumb, you know overweight, out of shape, white supremacist in very gay shorts in a mercedes against angry african black soldiers – gory so we warned! -> http://youtu.be/PPvuAVO2-NI?t=4m45s

    You can have your bushman, but we nerdy lefty types will have a few drones, probably in a Star Trek ship design, that can spot your overweight wal-mart confederate flag scooter riding fat azz. -> http://youtu.be/lwEGSe_upuQ

    We got all you fat azzes in file because is linked to our liberal “skynet” hybrid solar computers it will send a nice stun gun shot to you before it gets to our recycled water moat. You’ll look like this -> http://youtu.be/QPycAZgTenw

    Transfuse the Cadaver says:
    June 20, 2014 at 7:06 pm

    When I form my armed gang, job #1 will be a death squad for anon

  63. Pay your taxes tea party angry spoiled boomer locust generation b!tches says:

    Grim:

    Unmod, funny post with you tube links

  64. anon (the good one) says:

    flying to Brasil tonite.

    will be in Manaus chanting for the U.S.A

  65. Street Justice says:

    Just in case anybody didn’t think the lost IRS emails story wasn’t total bullsh1t…

    http://reason.com/blog/2014/06/20/the-irs-had-a-contract-with-an-email-bac

  66. Michael says:

    It’s the truth. Why do you think I recommend to take out a big loan to buy an income property? If you are able to, you are taking advantage of this system. A good proportion of the population wishes they can partake in this opportunity. Too bad, they can’t, it’s only for qualified buyers that can bring 20% to the table. Below 20%, and the piranhas come out to play.

    joyce says:
    June 21, 2014 at 12:42 pm
    Why is it so hard to understand the connection between QEx, ZIRP, inflation, et al and income inequality? No, inflation is not your friend unless you’re in the group you rail against. And what makes those “programs” possible… maybe it has to do with our monetary policy and (mis)management of the economy?

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