From the Star Ledger:
Millionaire households fleeing N.J. by the thousands, study says
New Jersey, consistently one of the most affluent states in the country, has slipped a bit in a new ranking of the rich.
The Garden State fell from second to third in millionaire households per capita, according to a ranking released today by Phoenix Marketing International.
New Jersey lost roughly 10,000 millionaire households, but those affluent families who remain still account for 7 percent of the whole state, the researchers said.
The state had climbed to second last year for the first time since 2010, but was edged out by Connecticut in the 2014 ranking.
A high tax rate for top earners may have led to some migration out of the state, according to David Thompson, the lead researcher.
By losing those 10,000 millionaire households, the Garden State returns to third, where it was ranked from 2010 through 2012. Since the last report, Connecticut lost only 1,000 millionaire households, as it vaulted to the second spot, the group said.
Some groups doubt the millionaire-migration theory. Jon Whiten, a deputy director of New Jersey Policy Perspective, said long-term statistics show that tax rates do not cause the rich to flee.
“If millionaires were truly trying to flee NJ’s top income tax rate, we probably would have lost a lot more when the rates were higher,” Whiten said. “But during the 2000s NJ almost doubled the number of tax filers above $500K at a time when the tax rate was increased on them, twice.”
…
Last year, a report by the Morristown-based Regent Atlantic wealth management firm released a report entitled “Exodus on the Parkway” that claimed so-called “tax migration” began in 2004, with the state’s passage of the “millionaire’s tax.” The report found that a couple with an income of $650,000 who moved to Pennsylvania would save some $21,000 per year in taxes, adding up to $1.65 million over 25 years, if invested. Most families with incomes of $500,000 per year or more were departing New Jersey for either the Keystone State or Florida, the Regent Atlantic authors added.“The phenomena is there, that people are leaving – but people in New Jersey have high incomes,” said Joseph Seneca, professor of economics at the Edward Bloustein School of Planning and Public Policy at Rutgers University.
The cause-and-effect is nuanced, Seneca said. Retirement, people seeking better climates, sale of businesses, stock market decreases, and other factors mean that this year’s millionaires might not be next year’s millionaires, he said. But taxes have been shown to be a factor. For instance, Florida has no estate tax, while New Jersey’s is costly, Seneca said.
“New Jersey has been, and remains, a high-income state,” the economist said.
So I posted this, but I think it’s largely bunk.
By the way, according the the “researchers”, NJ actually gained 20,000 millionaires between 2010 and 2014.
From HousingWire:
Seriously underwater properties decrease 2.2 million in 2014
There were 7,052,570 U.S. residential properties seriously underwater — where the combined loan amount secured by the property is at least 25% higher than the property’s estimated market value — representing 13% of all properties with a mortgage at the end of 2014, according to the latest report from RealtyTrac.
The number and share of seriously underwater homeowners at the end of the fourth quarter of 2014 were both at their lowest levels since RealtyTrac began tracking home equity trends in the first quarter of 2012 and are down from a peak of 12.8 million seriously underwater homeowners representing 29% of all homeowners with a mortgage in the second quarter of 2012.
“Median home prices nationwide bottomed out in March 2012 and since then have increased 35%, lifting 5.8 million homeowners out of seriously underwater territory,” said Daren Blomquist, vice president at RealtyTrac. “While the remaining seriously underwater properties continue to be a millstone around the neck of some local markets, the growing number of equity rich homeowners should help counteract the downward pull of negative equity in many markets, empowering those housing markets — and by extension their local economies — to walk on water in 2015.”
…
Markets with the highest percentage of seriously underwater properties as of the end of 2014 were Las Vegas (30%), Orlando (26%), Tampa (25%), Jacksonville, Fla., (24%), Cleveland (24%), Miami (24%), Detroit (24%), Chicago (22%) and Atlanta (19%).
I don’t know if it’s bias, but I think there is a concerted effort, behind the scenes, to create reportable issues surrounding NJ’s infrastructure, likely in an effort to grow support for a not-yet-announced gas tax increase. If it isn’t engineered, the timing is strongly suspect, because with gas prices as low as they are, an increase would likely go largely unnoticed in the short term.
Ordered inspections of 300 bridges (plenty of fodder to come), already 2 bridge closures, including the right lanes of the highly trafficked Hackensack River bridge on Rt 3 in Secaucus (time for a little traffic in Secaucus?).
Timing of the TRIP report yesterday also highly suspect (or impeccable), NJ roads cost the average driver $2000 a year in damage. By the way, TRIP is funded by companies that build and repair infrastructure, provide the equipment, or the unions behind the employees. This report was only for NJ.
http://tripnet.org/docs/NJ_Transp_by_the_Numbers_TRIP_Advisory_01-22-15.pdf
Anyhow, keep an eye out for it, it’s coming. I don’t know that so much cover is needed, since there are plenty of NJ residents that would support it. However, Christie’s political aspirations clearly need the cover (Had no choice, hands were forced, NJ residents overwhelmingly supported it).
Did NJ lose that many millionaires or did former millionaire families lose their vaunted status after paying decades of oppressive property taxes?
I don’t know if it’s bias, but I think there is a concerted effort, behind the scenes, to create reportable issues surrounding NJ’s infrastructure, likely in an effort to grow non-support for a not-yet-announced
gas tax increaseChristie presidential run?Quite a few states seem to have lost millionaires between 2013 and 2014.
“…likely in an effort to grow support for a not-yet-announced gas tax increase.”
Said the same thing to Gator last night when I read of that bridge report yesterday. I also went as far as to claim that I would not be surprised if the contractor chosen to make those repairs is the same one who did the draw bridge at Route 21 and 3 since they were probably looking for more work.
The D (our 2nd kid) is not sleeping through the night once again so I got up and out early to avoid the traffic on the bridge. I got to work in 32 minutes! There was one construction vehicle parked in the right lane, but the truck restriction for the left lane was not yet posted. I said a little prayer as I drove over it in the left lane.
Not having the gas tax was nice. Filled up my Mazda 6 nearly from empty for $23 credit yesterday!
#3,7..I have noticed same and agree. Start closing some bridges and support may grow….
Big ECB decision on QE at 8:30 am
#3…along same vein:
http://www.nj.com/traffic/index.ssf/2015/01/bad_roads_costing_jersey_drivers_more_report_says.html#incart_m-rpt-1
Bad roads cost the average driver in New Jersey about $2,000 a year, according to a report to be released Thursday morning by a national transportation research group.
The report by TRIP, a national transportation research group, comes a week after state Transportation Commissioner Jamie Fox said bad roads cost the average driver $600 in automotive repairs a year…….
I’ll make a second prediction, and it’s that the Reason Foundation study on road construction cost-per-mile will be torn apart as inaccurate and naive, because to some extent, it is.
I wonder what the Graft (Port) Authority causes the average driver each year?
The first thing out of Christie’s mouth when responding to a gas tax increase is to discredit it.
I sent a question in to a live interview with some Democratic Senator on NJ.com and his answer was eerily similar to Chris Christie’s on ask the Governor.
They are definitely conspiring to raise the tax. I feel it is only a question of when.
The phrase “everything is on the table” is thrown around a lot…but in my view, translated from political speak to normal conversation it means the gas tax is on the table. Not much else.
grim says:
January 22, 2015 at 7:51 am
I’ll make a second prediction, and it’s that the Reason Foundation study on road construction cost-per-mile will be torn apart as inaccurate and naive, because to some extent, it is.
Does anyone here want to play a game?
What is the complete cost to provide the average PATH trip during rush hour?
[9] Why wouldn’t they print? They can use the first batch of euros to buy more paper and ink.
Big ECB decision on QE at 8:30 am
Allowing self-service in NJ would act to mute the impact of the gas tax increase.
Just saying.
$3 million? Isn’t that what a passable condo in Manhattan goes for?
Does anyone here want to play a game?
What is the complete cost to provide the average PATH trip during rush hour?
I read it wrong. I thought it said “complete cost to avoid the average Path trip”
“Allowing self-service in NJ would act to mute the impact of the gas tax increase.”
I doubt it.
It’s like the credit card surcharge. Now that gas prices have dropped way below the price where the credit card surcharges are triggered, I have not witnessed a single station that has removed the surcharge. Whatever additional cost is involved in having an attendant pump gas will NOT be returned to the consumer. We are better off staying warm in the climate control of our vehicles.
I was recently in Las Vegas and questioned why I was paying a fuel surcharge on my cab fare. The driver said that will never go away. They even charge it on NG cabs. :P
$8.40
Ha ha.
No guesses?
So no one read the report released by Fatman and Cuomo (AKA the Graft Crusaders) that was smartly released at 11pm on Christmas Day (Saturday)?
1.5 cents!
How about the average cost of a ride at 2am on a weeknight when the occupancy is the lightest?
$1.10 (actually fare is now $2.75).
And now you know how privatized rail transport is so profitable yet socialized rail transport is a giant boondoggle. It’s all graft sheeples.
What do you have to say Anon? Isn’t Cuomo a Democrat?
[19] I fill my tank with a BofA credit card that gives me 3% off gas purchases. When gas was above 3.50 it was actually slightly cheaper to fill with a credit card. Interestingly our closest gas station, Sunoco, was close to the cheapest for the last couple years. Usually most of their 8 self-serve pumps were being used with other vehicles waiting privilege. For some reason, now that gas has dropped significantly, they are far from the cheapest. I usually fill up at one of two Shell stations close to work, both have the exact same price always and it’s always been same price cash or credit. When gas was high I would pay about 5 or 6 cents more than the cash price at the Sunoco near home, but my credit card more than makes up the difference and my car seems to get better mileage with the Shell gas. Now that prices have dropped, my Shell stations are frequently 20 cents *cheaper* than the Sunoco near home. I don’t get it.
23 – Don’t follow. Isn’t this a model that’s largely defined by high fixed operating costs and little variable? The same lights need to be on during the day, while you can pull fewer cars at night, you still need a run a train.
7:32 Watchung to NYPENN pulling up to PENN platform 18 minutes late.
And I drove to my parking garage at 54th and 6th , from the same location in 32 minutes this morning that took rail commuters 66 minutes not including their subway trip north 20 blocks once in the city.
[22] So is this all lies?
“Although PATH was never expected to be self-sufficient, its operating deficits have grown and are now a substantial burden on PANYNJ finances. From 2004 to 2013, PATH’s annual deficit grew from $294 million to $383 million, and it is projected to be $387 million in 2014. In 2013 the deficit represented 62 percent of total expenses. The deficit is offset by PANYNJ allocating revenue from other activities, notably its bridge and tunnel tolls.
The situation is expected to worsen. Although revenues are projected to grow somewhat more rapidly than expenditures due to a 2014 fare increase and to ridership gains, the deficit will still increase and reach a projected $487 million in 2018. Offsetting this loss with bridge and tunnel toll revenue will be a major drain on PANYNJ’s overall finances.
The large and growing losses are related to two aspects of PATH’s operation—relatively high costs and relatively low fares. Despite recent fare increases, in 2013 the average fare revenue per ride was $1.96, or only 23 percent of the actual full cost of a ride ($8.45). This share was lower than was the case in 2001. With respect to expenses, PATH’s average operating cost per ride is high relative to other transit systems in the United States. The most recent comparative national data (2012) indicate PATH’s operating cost (comparing only direct operating costs) per ride ranks third highest among the 10 largest systems behind only San Francisco’s BART and Miami-Dade Transit.”
http://www.cbcny.org/sites/default/files/REPORT_PATH_EMBARGOED_04242014.pdf
I lived in NYC when they got rid of required full service at gas stations. The self serve price immediate became the price you were currently paying and they added a surcharge for “full service” option.
Grim,
The report claims that the significantly lower ridership between 1 and 5 am (I think that was the 4 hour gap) of 1,500 or so people makes it cost prohibitive to run the trains during those hours (could save 10 million a year) versus busing between those stations which would cost closer to 2 million per year. But even so, they are still making a profit margin over 100%. So yes there are huge fixed costs, but the labor savings during those hours could provide 10 million a year in savings, which is pathetic in the grand scheme of things, as the revenue lost by the clubs and bars from not having this late night service would be much larger. Perhaps the assvan union got together to lobby to have PATH service cut? There’s got to be some party that would benefit by closing the PATH. I just haven’t figured out which one.
I guess so. Read this.
https://www.governor.ny.gov/sites/governor.ny.gov/files/atoms/files/SpecialPanelReporttotheGovernors2014-12-26FINAL.pdf
PATH is one of only four heavy-rail systems in America to provide service 24 hours a day for seven days a week; the others are MTA, CTA (which runs only limited service overnight), and the Pennsylvania Port Authority (“PATCO”), which operates a single line from Philadelphia to New Jersey. The PATH’s ridership falls substantially overnight, especially on weeknights, when overnight riders between 1:00 a.m. and 5:00 a.m. constitute less than 1% of daily riders. The cost of providing this service per passenger rises substantially, from $0.01 to $0.02 per passenger during weekday peak hours to an average of $1.15 per rider overnight.
Eliminating overnight service during weekends (i.e., eliminating service on Friday night/early Saturday and Saturday night/early Sunday) would produce operational and capital expense savings. Operational savings would include savings on energy, labor, and station operations; and capital savings would result from allowing capital improvements to be conducted without train interruption. Currently, the PATH shuts down one of the two tracks in each direction during the overnight hours to allow for capital maintenance. This reduces service so that trains come every 35 minutes in each direction. PATH could achieve operational and capital savings estimated to be at least $10 million per year from stopping service altogether between 1:00 a.m. and 5:00 a.m. on weeknights.
The impact of a service reduction would be limited. Assuming that some riders slightly alter their travel plans to ride the last train before operations cease or the first train after they recommence, approximately one-half of one percent of PATH riders during the time period (just under 1,500) would be affected. If PATH decided to offer riders an alternative, bus service for these customers at the cost of $4 per passenger would cost approximately $1.5 million per year.
I suppose the difference in the reports stem from who paid for them. :P
1- If the money simply went to the lowest tax base then Kansas should be bulging at the seams with them, yet it would appear that is not the case. Kansas that distopian dream with almost zero taxes on income should be drawing all the millionaires from CT and NJ, but for some reason it just does not happen, you don’t suppose the theory could be flawed do you?
“The report found that a couple with an income of $650,000 who moved to Pennsylvania would save some $21,000 per year in taxes, adding up to $1.65 million over 25 years, if invested. Most families with incomes of $500,000 per year or more were departing New Jersey for either the Keystone State or Florida, the Regent Atlantic authors added.”
At 650K per year, what is 1.65 million over 25 years? $66K per year represents 10% of their income. This hardly seems worth it even for scrupulous rich people.
specious analysis……you cannot look at one variable (income tax) in isolation…..
Libturd in the City says:
January 22, 2015 at 9:06 am
“The report found that a couple with an income of $650,000 who moved to Pennsylvania would save some $21,000 per year in taxes, adding up to $1.65 million over 25 years, if invested. Most families with incomes of $500,000 per year or more were departing New Jersey for either the Keystone State or Florida, the Regent Atlantic authors added.”
At 650K per year, what is 1.65 million over 25 years? $66K per year represents 10% of their income. This hardly seems worth it even for scrupulous rich people.
full disclosure…..Regent Atlantic is a competitor….albeit they are a top 50 RIA in the U.S.
http://nypost.com/2015/01/22/sheldon-silver-arrested/
It’s now easier to become a new bagholder.
————
Urban Institute: 4 positive ways FHA cuts will impact mortgages
The recent announcement that mortgage insurance premiums for Federal Housing Administration mortgages will decrease from 1.35% to 0.85% is welcome news for the mortgage industry, according to a new post from the Urban Institute.
The FHA’s premium cut impacts the mortgage market in four ways in 2015:
1. Saving for borrowers
2. Increases in low-income and first-time FHA borrowers
3. Borrowers with high credit scores
4. Increase in competition between FHA and PMIs
http://www.housingwire.com/articles/32678-urban-institute-4-positive-ways-fha-cuts-will-impact-mortgages
I guess all those ’09-’10 “Stimulus” funded projects are winding down (e.g., extending car/truck split of the NJTP southward is just about done; raising the deck on the Bayonne Bridge is well underway, as is the new road deck on the Pulaski). I guess those bidders and planners have nothing to do. They’ve got to get busy on new projects.
WSJ Editorial…
Watching “American Sniper,” it is impossible to separate these catastrophes from seeing what the Marines did and endured to secure northern Iraq. Again, anyone is entitled to hate the Iraq war. But no serious person would want a president to make a decision that would allow so much personal sacrifice to simply evaporate. Which, in his serene self-confidence, is what Barack Obama did. That absolute drawdown was a decision of fantastic foolishness.
In the one spontaneous moment of Tuesday evening’s speech, Mr. Obama cracked back at some chiding Republicans that he’d won two elections. And he’s right. The first election was a remarkable, historic event for the United States. His second election was a historic electoral mistake, leaving the country and the world to be led by a president who is living on his own fantasy island.
Let’s get rid of outmoded service models and move to privatizing commuter transportation.
Consider Hong Kong’s MTR, which has invested a cumulative US$40bn in rail and subway infrastructure, increasing reach and convenience, reducing traffic, while making a profit. An example of the profit motive delivering what no amount of tax and spend can ever accomplish.
http://en.wikipedia.org/wiki/MTR
Lib;
My biggest problem with the PA is not the graft, I guess I’m just numbed to that as a fact of life. Its the diversion of funds that bothers me. Increase the bridge and tunnel tolls just when they needed the money to rebuild WTC — convenient, huh? Then they’ll increase the tolls again if the need money for the bridges and tunnels.
I grew up on SI, and my father worked in Bklyn. Every day he paid the VZ toll, only to have >80% of the money diverted to the “integrated” NYC subway system — can you show me where I can catch a subway on Staten Island and get off in any other borough?
The PA effs other things up, too. They’re replacing that horror show of the Tappan Zee Bridge with something just as hideously expensive. It would cost 2/3 less if it were 1 mile south, where the Hudson is 4 miles narrower. But 1 mile south would put it in the jurisdiction of the PA, who would then control the toll revenue. That’s why Dewey put the bridge where he did all those years ago — he needed to keep the (downstate) toll revenue in NY to pay for the whole thing.
i bet it will be that northeast liberal college touted here from time to time. the one very proudly attended by that extreme right-wing woman. talk about schizophrenic decision making
Liquor Luge says:
January 21, 2015 at 10:57 pm
Wow. First, Snooki’s a guest lecturer at Rutgers, and now she’s a minister.
Wonder who’ll give her the first honorary PhD.
“specious analysis……you cannot look at one variable (income tax) in isolation…..”
Of course, of course. But having witnessed life outside of the major metros through visits to my siblings locales, I can proudly say that I would not give up 10% of my income to give up Star Tavern for Pizza Hut or the local bagel shop for Einstein Brothers or Schlotzky’s. Plus, if my income was 650K per year, I probably wouldn’t work for more than a couple more years and then would live off the income.
interest. Sorry.
1500 average riders between 1 and 5 on the Path?
That number seems absurdly low. I’ve riden the path after 1am and frequently been standing room (yes, I know it is anecdotal).
Does this include path traffic between Christopher and 33rd? Or is this just talking about cross-hudson travel?
Good thing the Oil Industry has strong lobbyist working for them to convince us we need these pipelines. Think I read on average a pipeline creates 1,000s of temporary construction jobs and only 20 permanent jobs.
———————-
Pipeline Spills in Alberta in 2014
Over the past year WCNN has reported on many Crude oil and Toxic produced water spills all over Alberta, in fact we have reported over 600,000 Litres of toxic crap that has been spilled just last month and yet not one mainstream media outlet has picked up the incidents. So lets take a look back at just the last month (October) and see just what the mainstream is not telling you.
http://www.dailykos.com/story/2014/11/17/1345431/-There-s-Been-HOW-Many-Pipeline-Spills-in-Alberta-in-The-Last-Four-Months#
————————-
Oil Spills Into Yellowstone River, Possibly Polluting Drinking Water
This is a significant spill,” the EPA said in a statement Monday night, adding the oil “threatens downstream water users, including drinking water supplies, agricultural uses, and wildlife.” The EPA said it was working with Bridger, local and state officials as well as the U.S. Fish and Wildlife Service and the U.S. Department of Transportation to contain the spill. It said responders are placing containment structures across the Yellowstone River at Sidney, Montana, about 30 miles downstream of the spill.
http://news.nationalgeographic.com/news/energy/2015/01/150120-oil-spills-into-yellowstone-river/
I have no idea. I thought the number was low as well. Then again, this report came from the PA themselves.
Yeah, and that’s trustworthy because the PA and the mayor of Jersey City are best buddies.
http://www.nj.com/hudson/index.ssf/2014/05/jersey_city_says_it_has_formally_filed_400m_lawsuit_against_port_authority_alleging_unpaid_taxes.html
Isn’t Christie getting dinged for using PA funds for the Skyway……NJ ain’t paying for it.
Anon E. Moose says:
January 22, 2015 at 9:46 am
Its the diversion of funds that bothers me. Increase the bridge and tunnel tolls just when they needed the money to rebuild WTC — convenient, huh? Then they’ll increase the tolls again if the need money for the bridges and tunnels.
The PA effs other things up, too. They’re replacing that horror show of the Tappan Zee Bridge with something just as hideously expensive. It would cost 2/3 less if it were 1 mile south, where the Hudson is 4 miles narrower. But 1 mile south would put it in the jurisdiction of the PA, who would then control the toll revenue. That’s why Dewey put the bridge where he did all those years ago — he needed to keep the (downstate) toll revenue in NY to pay for the whole thing.
@GovChristie: I’m headed to AC this morning with a team to help restore this city. Details in today’s @WSJ http://t.co/cKi7hbGMWj
Joni Ernst is a great example of why need to continue to supply the welfare gravy train. She was a bread bag wearing welfare baby growing up but that didn’t stop here from making something of herself. She gets to represent the great state of Iowa in DC. She is living the American dream.
———————
The truth about her family’s farm roots and living within one’s means, however, is more complex. Relatives of Ernst (née: Culver), based in Red Oak, Iowa (population: 5,568) have received over $460,000 in farm subsidies between 1995 and 2009. Ernst’s father, Richard Culver, was given $14,705 in conservation payments and $23,690 in commodity subsidies by the federal government–with all but twelve dollars allocated for corn support. Richard’s brother, Dallas Culver, benefited from $367,141 in federal agricultural aid, with over $250,000 geared toward corn subsidies. And the brothers’ late grandfather Harold Culver received $57,479 from Washington—again, mostly corn subsidies—between 1995 and 2001. He passed away in January 2003.
The Sentinel cross-referenced the Environmental Working Group farm subsidy database with open source information to verify the Culvers’ interest in the Department of Agriculture’s crop support program.
Sen. Ernst’s family’s financial interest notably came up once during her campaign. In October, Salon reported that Richard’s construction company was awarded $215,665 in contracts from the Montgomery County government in 2009 and 2010, while Ernst was the body’s auditor. The bids won by Culver included Federal Emergency Management Agency projects worth $204,794.
http://radio.foxnews.com/2015/01/22/joni-ernsts-family-received-hundreds-of-thousands-in-farm-subsidies/
Grim, the PATH is always busy. Our politicians are idiots 10 million dollar savings in an area with billions of dollars in economic activity it is pathetic. The PA has it’s hands in too many things, they took the H&M so that they could become real estate developers. The WTC should be subsidizing the costs of the PATH service instead it is a revenue black hole because the PA is incapable of building a sensible development on that site. If the PA really wanted to save money they would have made the necessary changes to get out from under the FRA. It is gross incompetence and purely extortion that the hudson river crossing are $14, when I was a kid it was $2 the rate of increase has been exponential since 2001(I think it $4 then). Cuomo used 250 million of PA money to build a cavern for the ARC tunnel project years after it was canceled but hey lets save 10m per year and poor Julio the janitor will have to find some other way to his night shift office cleaning job in midtown. The PA is a bunch of crooks between $14 tolls, increased PATH fares, and food that looks like it’s priced in mexican pesos at the area airports, is there any stone unturned where they aren’t trying to juice revenues to cover up the blunder that is the WTC project?
As for the rich leaving NJ it is simple, the issue is not just the income tax, it is the inheritance tax. For the older wealthy NJers they already are doing the Florida thing, now they are just changing the license plates on their cars. What keeps them here is the ability to earn money, once that tapers off they are FL residents. Seriously who want to work a lifetime accumulating all of this money only to give a big piece to the Fat Man(Christie) and the misanthrope democrooks who run this state.
[40] chicagofinance
I don’t recall the US successfully implementing a withdrawal strategy from another country since WWII. Vietnam, Korea, Iraq (first time) we withdrew leaving a mess. Afganistan and Iraq (2nd time) looks like it’s going to be same.
Great news for manufacturing in the US….
Thanks to sanctions imposed on the import of Russian firearms, AK-47’s will now be made domestically under the Kalashnikov brand.
Thanks Obama.
I don’t understand why all of these LBJ loyalist are making a fuss about his portrayal in the movie Selma. Hollywood has always taken creative liberty. Too bad this is a one and done story but American Sniper was a great movie. Sort of like this generations Rambo.
Chris Kyle never actually encountered the enemy Iraqi sniper Mustafa, who he believes was killed by other U.S. snipers. Chris does make a 2,100-yard shot in the book, but it was to take out a random combatant on a rooftop who was about to fire an RPG at an Army convoy. “It was my longest confirmed kill in Iraq,” writes Chris, “even longer than that shot in Fallujah.”
re # 54 – I think Vietnam is just fine without us, so is Grenada and well heck the Panama invasion just celebrated it’s 25th anniversary. They are doing great.
If you notice those countries are missing something. The dead prophet you should not draw perhaps?
Then spend it. Teach your kids to survive and make it on their own. You worked your whole life for it, so spend it, and enjoy it. If you haven’t taught your kids to survive and make it on their own, you will only cause them harm by giving them boat loads of money for nothing. You have already screwed them by not teaching them how to make it on their own. Simple as that. No idea why people work their whole life to just give away all their money to their family or the govt. Should have just stopped working and enjoy life a little, instead of saving for no reason at all.
“Seriously who want to work a lifetime accumulating all of this money only to give a big piece to the Fat Man(Christie) and the misanthrope democrooks who run this state.”
This whole idea of millionaires leaving nj is a joke. Who are the millionaires? People that have worked their whole life and are now retiring. It’s expected that they leave and make room for new younger individuals to have the opportunity to make their millions. This has been going on for as long as I have lived. Nothing new here. Millionaires are not leaving in droves like the stupid headline is getting you to think
Amount of millionaires in NJ really rises when the Giants play a home game.
[57] Juicebox
I’m pretty sure we left Vietnam in shambles but I could be wrong. And are you seriously comparing the month long invasions of Grenada and Panama to the years spent in the other wars?
To be fair, even mother Russia didn’t have a successful exit strategy for Afghanistan. Hate the fact that we went into the Middle East but it’s better to take it there than have it fought here in the US.
After capturing one of the Muslim fundamentalists responsible for the recent Charlie Hebdo attack in Paris, the investigator asked why he chose the path of terrorism. The attacker responded, “I am not a terrorist, I am just like you, a capitalist. You see, I am prophet motivated!”
Pumpkin they aren’t leaving. They spend half the year in NYC metro south(Palm Beach County/Fort Lauderdale) where practically everyone is from LI, Westchester, CT, or NJ and half the year in NJ with their children/grand children. Once the job stops there is no reason to claim residence in NJ, NY, or even CT. Who are you to dictate what people do with their money, NJ shouldn’t have an inheritance tax and should reduce taxes on the wealthy. I hate to sound callous but the poor are a drain on the resources of a state that is in a strategically important location and by being more competitive we can lure more wealthy people from NY to NJ which would greatly help the local economy of the state. If we get the rich to move here their business follow, liberal democrats haven’t yet figured out that living here is a great incentive to do business here and they spend lots of money here, employing people here.
Grandma at Bingo (clot Edition):
DUBLIN — Helen Heaphy’s number came up at the bingo hall. The prize was a trip to court.
The 50-year-old grandmother pleaded guilty Wednesday to two counts of possessing cocaine for sale or supply after Irish police caught her with the narcotic outside a Cork bingo hall.
Cork District Court Judge Leo Malone accepted her lawyer’s plea for clemency citing her family obligations and her possession of a relatively small amount of the drug worth 350 euros ($400). Heaphy insisted she was holding the cocaine for an unspecified friend.
Malone fined Heaphy 750 euros ($870) but gave her no jail time, despite having two prior convictions for drugs possession and obstructing a police narcotics unit. She even was allowed to go back to playing bingo at the hall after the owner relented.
well done….
Libturd in the City says:
January 22, 2015 at 12:15 pm
After capturing one of the Muslim fundamentalists responsible for the recent Charlie Hebdo attack in Paris, the investigator asked why he chose the path of terrorism. The attacker responded, “I am not a terrorist, I am just like you, a capitalist. You see, I am prophet motivated!”
And I drove to my parking garage at 54th and 6th , from the same location in 32 minutes this morning that took rail commuters 66 minutes not including their subway trip north 20 blocks once in the city.
———
How long to get home, and what time?
I live in brig and work at 53rd and 3rd and it’s destroying my soul.
I did leave the house at 6am. Will leave work at 3pm. Usually that trip takes me 40 minutes, but it all depends on how long it takes me to get across town unfortunately.
jcer,
What do you suggest we do with the poor?
“I hate to sound callous but the poor are a drain on the resources of a state that is in a strategically important location and by being more competitive we can lure more wealthy people from NY to NJ which would greatly help the local economy of the state.”
You know, it occurs to me that the best way you hurt rich people is by turning them into poor people.
On the lead article:
Tax rates do cause the rich to flee but that assumes all other things being equal. Otherwise, its a case of the tail wagging the dog.
If you are pulling down 5MM a year in NJ, you pay the tax. But once that stops, you change your residence to your house in Florida and stop paying NJ taxes. If you have a business that doesn’t require you to be in NJ or NY that much, you relocate, unless you consider the proximity to NYC or decent pizza worthwhile.
These stats ebb and flow. Going from 1st to 2nd, or 2nd to 3rd isn’t noteworthy if the numbers are small in comparison to the cohort. What would be noteworthy is a significant drop after a major tax event, such as the 1/3 drop in filings by “millionaires” in 2006 after Maryland instituted a millionaire surtax. This led to a -400MM swing in revenue versus projections for that year. Talk about deadweight loss.
I foresee a lot of renewed interest in conservation easements and land trusts with reserved life estates. That way, when the Obamunists turned Warrenistas come calling to redistribute the wealth, the wealthy living on these preserves will simply say “go speak to the landlord; I don’t own this anymore.”
@PoliticalStile: @GovChristie administration turns up heat on TTF talks with legislature, closes bridges, etc http://t.co/v26rN3FGqw
Big sigh across trailer park America, check this map out.
“The new Dollar Tree will keep both brands and operate both dollar store models—Dollar Tree’s, where all items are sold for $1, and Family Dollar’s model, where everyday goods and groceries are sold at a variety of discount prices.”
http://www.marketwatch.com/story/dollar-generals-quest-for-family-dollar-ends-2015-01-22-101034655
I thought I was being witty but a quick Google search makes clear that I am not the first person to call Warren supporters “Warrenistas.” Darn
The above story was written after your comments Grim. Prolly just a coincidence.
“The report was written by TRIP, a nonprofit group based in Washington, D.C., and funded by labor unions and insurance and construction companies. ”
That’s all we needed to see. Baa.
Phoenix you do what the callous have done so often, you dismantle the state’s welfare system making NJ an unattractive place for the poor. Poor people maybe a lot of things but most are not that stupid and will pick up stakes and do what they need to do to survive. Pull away the support system and it’s time to sink or swim, also wages would rise without the subsidies the working poor receives. I’m not a 100% free market believer like Ragnar but I will be the first to admit that government policies aimed at helping the poor are shackles, keeping them tethered to bad paying jobs, living in bad neighborhoods, going to failing schools. A lot of it comes from our benefits and how they are administered, which in turn comes from Liberals treating people like children.
Speaking of damage done by roads: I’ve replaced 5 tires on my new car over the past 12 months, and I wouldn’t be surprised if I replaced another 4 in the coming year.
Sidewall bubbles created by potholes.
The STS guy gave me a tip and mentioned that the super high speed rated tires will have stronger sidewall belts, and might hold up against the potholes better.
Or get larger rims.
My 13″ rims used to dent all of the time on my old Civic. I would just hammer them out. As for pothole induced flats, drive more carefully.
The conditions of the roads around here are why it makes absolutely no sense to pay for an alignment. One bump and you threw out the results of the alignment job.
Video shows cop fatally shoot man with raised hands
By Associated PressJanuary 21, 2015 | 2:03pm
http://nypost.com/2015/01/21/video-shows-cop-fatally-shot-man-with-raised-hands/
Leaving the state, personal experience:
My oldest, his father-in-law got a going-away present when he was about 53, about 9-10 years ago. He was the top NJ guy for a big-time convenience store chain. He cashed in his stock as he was with the company for over 20 years.
He and his wife still hold a residence in NJ. But two years ago, he decided that NJs taxes were too ominous, not only at the state-tax level, but more importantly, inheritance and estate.
He has a nice waterfront place in SW Florida, not too far from my future escape. He has spent the last two years more than necessary to fulfill residency requirements for Florida. His wife has been living in NJ, holding the fort, as they say. She decided to retire early, luckily, she is able to do that.
My brother, who also retired at 53, has a real big place in Colts Neck. He also has had an ocean-front home in SC for twenty years. Where do you think he’ll be headed to when his last kid finishes college?
Lesson learned: NJ may be making millionaires, but the state is reaping less of their benefits, especially as they become senior citizens. I said it before on this forum: The only RE I will own in NJ in a decade will be my church cemetery plots. I don’t find it likely that NJ will find a way to tax them.
re # 80 – Nothing to see here.
correction:
has had=has
My brother, who also retired at 53, has a real big place in Colts Neck. He also has had an ocean-front home in SC for twenty years. Where do you think he’ll be headed to when his last kid finishes college?
jcer,
can you provide examples / evidence of your thesis?
in particular of this sentence: “Pull away the support system and …wages would rise without the subsidies the working poor receives. “
but where the new Brooklyn hipsters gonna come from if you spend all your money?
they need to inherit their NJ’s parents dought to be a proper hipster
The Great Pumpkin says:
January 22, 2015 at 11:34 am
Then spend it. Teach your kids to survive and make it on their own. You worked your whole life for it, so spend it, and enjoy it. If you haven’t taught your kids to survive and make it on their own, you will only cause them harm by giving them boat loads of money for nothing. You have already screwed them by not teaching them how to make it on their own. Simple as that. No idea why people work their whole life to just give away all their money to their family or the govt. Should have just stopped working and enjoy life a little, inst
Anon….Switzerland. High wages, and not much of a social safety net, if you can’t find a good paying job you leave, one of the neighboring countries has a better safety net and is way cheaper.
Also an example of a place where everyone is armed yet they don’t have serious rampage shooting issues.
“Also an example of a place where everyone is armed yet they don’t have serious rampage shooting issues.”
Well it is hard to shoot up a school with a pocket knife.
New York’s Metropolitan Transportation Authority raised the cost of a subway ride by 25 cents to $2.75 and lifted bridge tolls to pay for maintenance to the system, following through on increases authorized a year ago.
The largest U.S. mass-transit system on Thursday approved the fare increase, which will take effect on March 22, and raised the price of a monthly fare card to $116.50 from $112. Cash tolls on the Verrazano-Narrows Bridge, which links Staten Island and Brooklyn, will go up by $1 to $16, while E-Zpass customers will pay 42 cents more to cross.
80, 82,
The policeman screamed 10 times “don’t move”, “I’ll shoot you”, and yet the guy quickly popped open the door and jumped out of the car, and got shot.
https://www.youtube.com/watch?v=_d5jXDvrOu4
Libturd in the City says:
January 22, 2015 at 2:49 pm
“Also an example of a place where everyone is armed yet they don’t have serious rampage shooting issues.”
Well it is hard to shoot up a school with a pocket knife.
And in shocking news, I’m going to see a house sometime next week from an interested party that has NOT listed their house with an agent. Gasp!!
What you forget to mention about Switzerland is 2 big things.
1- Very tight immigration rules, UNLESS you are loaded $$££¥¥€€. You are not going to find any Mexican, Irish or Polish hanging around their “Lowes” or “Home Depot”.
2- Their economy is design around tax evasion and hiding of assets. One of the big issues of why the swiss franc tends to get overvalued (apart from the usual QE stuff and instability around the world) is the balance of payments are always greater into than out of Switzerland. The IMF wrote a paper a bit back that show that roughly 90% of theses excesses in currency balance of payments matched the IMF errors and ommission columns in the world trade bookkeeping ledgers. In short every crook, dictator, and criminal baron ships their loot into Switzerland.
Climate is changing and always changing.
Talk about hedging your bets.
http://news.sciencemag.org/climate/2015/01/98-1-u-s-senate-passes-amendment-saying-climate-change-real-not-hoax
I always find this report interesting…
http://cfo.dc.gov/sites/default/files/dc/sites/ocfo/publication/attachments/2013%2051City%20Study%20FINAL.pdf
re # 94 – One third of the population in Switzerland are 1st and 2nd generation immigrants. They are also more people in New Jersey than Switzerland. Imagine if NJ had it’s own currency and was able to game the system by printing up hundreds of billions of New Jersey currency? Swiss printed up what $500 Billion to keep the Euro peg scam going, and now that they have removed the peg Europe is even more precarious than it was before? Intersting times we live in, the EU itself may very well fall apart at the seams right in-front of our eyes.
Good luck, Gary. Anyone taking odds on this house being the one? Was able to lock 3.5% 30 year with no points last week. Rates are way down. It seems like the wait game has worked out nicely so far. Just need that appraisal now.
Great post.
jcer says:
January 22, 2015 at 1:50 pm
Phoenix you do what the callous have done so often, you dismantle the state’s welfare system making NJ an unattractive place for the poor. Poor people maybe a lot of things but most are not that stupid and will pick up stakes and do what they need to do to survive. Pull away the support system and it’s time to sink or swim, also wages would rise without the subsidies the working poor receives. I’m not a 100% free market believer like Ragnar but I will be the first to admit that government policies aimed at helping the poor are shackles, keeping them tethered to bad paying jobs, living in bad neighborhoods, going to failing schools. A lot of it comes from our benefits and how they are administered, which in turn comes from Liberals treating people like children.
Pumpkin [58];
If you haven’t taught your kids to survive and make it on their own, you will only cause them harm by giving them boat loads of money for nothing
But giving one’s grandkids rental real estate for a deeply discounted price is quite a different matter, now, isn’t it?
It goes something like this. If you don’t have a job, you don’t live in jersey. Retirees don’t have jobs, so they rarely live in jersey. People come here to make money (immigrants come here for a reason). With an influx of people moving here to get higher paying jobs, it creates a competition. Their competition causes everything in the market to rise. So if it’s a low cost area, that means nobody is competing to live there because it sucks. You are not saving money if you value quality of life. You are saving money because it sucks, the competition says so.
Growing up down south and retiring down south are two different worlds if that makes any sense.
Xolepa says:
January 22, 2015 at 2:12 pm
Leaving the state, personal experience:
My oldest, his father-in-law got a going-away present when he was about 53, about 9-10 years ago. He was the top NJ guy for a big-time convenience store chain. He cashed in his stock as he was with the company for over 20 years.
He and his wife still hold a residence in NJ. But two years ago, he decided that NJs taxes were too ominous, not only at the state-tax level, but more importantly, inheritance and estate.
He has a nice waterfront place in SW Florida, not too far from my future escape. He has spent the last two years more than necessary to fulfill residency requirements for Florida. His wife has been living in NJ, holding the fort, as they say. She decided to retire early, luckily, she is able to do that.
My brother, who also retired at 53, has a real big place in Colts Neck. He also has had an ocean-front home in SC for twenty years. Where do you think he’ll be headed to when his last kid finishes college?
Lesson learned: NJ may be making millionaires, but the state is reaping less of their benefits, especially as they become senior citizens. I said it before on this forum: The only RE I will own in NJ in a decade will be my church cemetery plots. I don’t find it likely that NJ will find a way to tax them.
101. Pumpkin the problem with this, is those old retirees who are working in some cases are making even in their “retirement” millions of dollars a year. That’s money that pays taxes and supports the local economy. We don’t want those people to leave, if you have an income that more than supports yourself and are a net positive to the economy the goal should be to keep you in the state. What we want to do is get rid of the poorest who are part of a giant failed benefits experiment that has been going on for 50+ years.
Deep discount? I got it for 200,000. Would have sold between 225-250. We didn’t use a realtor, so count that in your %. Plus, I was her only option to keep it in the family. Other people get the world handed to them from their parents and grandparents. That discount is the only thing I’m getting and I’m fine with that. I paid for my own college tuition. My brother and sister did not. Pardon me if I got slight discount, but had to pay for my education.
I’m becoming wealthy on my own. My capital has been going to work for me since a teenager. I’m going to be a self-made millionaire off wise investments made at a young age. Teach your kids how to do that instead of worrying about saving enough money to support your kids when you are gone.
Anon E. Moose says:
January 22, 2015 at 4:41 pm
Pumpkin [58];
If you haven’t taught your kids to survive and make it on their own, you will only cause them harm by giving them boat loads of money for nothing
But giving one’s grandkids rental real estate for a deeply discounted price is quite a different matter, now, isn’t it?
I agree. Welfare is out of control in this state. You make good points. The slums are a product of welfare. Poor people that work, usually care a little more about their community. Welfare poor have no knowledge of value. They destroy everything. Not their fault, welfare caused them to have a different outlook on life. What welfare does to the human mind is disgusting.
Think of the economic boom if you could level areas that are in prime locations, but worthless, because they are a ghetto. Better off moving the ghettos to undesirable areas. Think this is sort of what’s happening in NYC. Land is too valuable to not push the poor to other areas.
jcer says:
January 22, 2015 at 4:58 pm
101. Pumpkin the problem with this, is those old retirees who are working in some cases are making even in their “retirement” millions of dollars a year. That’s money that pays taxes and supports the local economy. We don’t want those people to leave, if you have an income that more than supports yourself and are a net positive to the economy the goal should be to keep you in the state. What we want to do is get rid of the poorest who are part of a giant failed benefits experiment that has been going on for 50+ years.
Pumpkin that is what’s happening in Jersey City. Jared Kushner and the Rockerfellers, et al are buying up big plots in Central Jersey City that are currently, I wouldn’t say entirely ghetto but definitely underutilized. Plots around JSQ and I’ve even heard rumors around Bergen Avenue. The poor will be pushed out it is not an if, it’s a when, first they were pushed west, now they will be pushed north and south and eventually they’ll be pushed to Newark. I’ve already spotted the hipster in JSQ, which is really a bizarre sight.
[89] libturb
Funny. But the Swiss actuslly have a pretty high rate of per capita gun ownership.
“Santoli says layoffs are part of the productivity religion that corporate America believes in. “I’m reminded of the 1990s when essentially you had great growth. Corporate America did wonderfully well and every single year big companies were restructuring. They were trimming down constantly. That’s the way they are built. They are proud to run lean and they’re not proud to add head count.”
Even with unemployment dropping and new jobs being created, wages remain stagnant, struggling to keep pace with inflation. Thousands of layoffs may also put downward pressure on wage growth.
Santoli doesn’t see a sudden spike in wages coming anytime soon. “This vigil for wage inflation to really catch fire is probably going to go on. It’s not really going to happen. The whole corporate psychology is built to keep it this way.””
http://finance.yahoo.com/news/big-profits–big-layoffs–amex–ebay-to-cut-jobs-154221346.html
105- Agreed. That whole coastline has been transformed.
107- “This whole corporate culture is unsustainable. No company can keep showing huge growth every quarter. It used to be that investing in a company with 5% returns for 20 years was a solid investment and the company was running correctly. Now, if they dont show 10% groth every quarter, evn if they made billions, people drop the stock as non-performing because it wasn’t the 13% they expected. Short-term profit seeking only kills American workers while making foriegn investors rich. There will be a point where they can’t fire anyone or cut pay anymore, and what happens then? A don’t believe anyone that tries to sell the “minimum wage really hurts workers” junk. If those people get their way, expect a company that made billions to cut all wages saying they have to inb order to be competitive and profitable.”
107-
Nom, you are so right, this century is going to face some extreme turmoil. Most people will not be able to find work, hence, how the hell will you have an economy. What can these people trade if their labor no longer brings value to the table. This is going to get messy. Blood will be spilled if this path continues. No doubt in my mind. Income inequality is taking this ship down.
“Luddite, the term dates back to 1811. The world is quite a bit different now. The machines, do more and are much more autonomous. Build a pyramid with only men, and then build a pyramid with machines, that were largely built by machines. Total the man hours and get back to us. Please don’t tell me about the man hours involved in engineering and design of the machine. the crane and the internal combustion engine have been around for a long time and those man hours have long since been amortized away. Just like most software and operating systems, they continue to serve with a small fraction of the man hours needed to create them. Are you familiar with the term Horse Power? The engine was designed to replace horses and it’s done a pretty good job of it.”
“There’s a twilight zone episode from 1964 called “The Brain Center at Whipple’s” which wasn’t very high on my list of favorites when I was a kid, but now that I’m older it catches my attention quite a bit more. I think most of us know that automation does kill jobs, increases profits and makes products cheaper for the consumer (not always). I’ve seen automation prevent job creation at my former employer and sadly I played a role in that process. A job in the many facets of I.T. are fairly lucrative these days and stayed in relatively high demand throughout the recession. It used to be that every company had internal staff taking care of their computer systems with outside vendors coming in once in a while to take care of the proprietary or complex issues/upgrades. Then along came Managed Services software which automates patches, software deployment, backups, etc. What used to take four I.T. staff now takes two. I used to travel almost every day to work on systems for clients. Now, I’m lucky to get out of the office once a week. I can provide I.T. services to anyone in the world. My only limitation is language and we’ve seen that in reverse where you call support and get India. One of them jokingly told a client one time that they were from Indiana. Anyway, there are many factors working against folks who want to work and earn a living. There is plenty of money to employ those people who are without a job, but greed won’t allow it and without disincentives to offshore jobs there will be no end to it. Everything is centered around money. This is the song many wealthy people around the world wake up to. The Money Song – Monty Python’s Flying Circus: Just the Words – Episode 29 – Lyrics:
I’ve got ninety thousand pounds in my pajamas.
I’ve got forty thousand French francs in my fridge.
I’ve got lots of lovely lira,
Now the Deutschmark’s getting dearer,
And my dollar bills would buy the Brooklyn Bridge.
There is nothing quite as wonderful as money!
There is nothing quite as beautiful as cash!
Some people say it’s folly, but I’d rather have the lolly,
With money you can make a smash!
There is nothing quite as wonderful as money!
There is nothing like a newly minted pound!
Everyone must hanker for the butchness of a banker,
It’s accountancy that makes the world go round!
You can keep your Marxist ways, for it’s only just a phase…
Money, money, money makes the world go round!!!
Money! Money! Money! Money! Money! Money! Money! Money! Money!!!”
They put out that goddam fire yet?
jcer (105)
JSQ is so 2013. Crawling with hipsters now, and the rents are jacked sky high.
I have an old employee who slumlords a few units her dad owns there. The junkies and standard issue JC flotsam got priced out over the summer last year, and they’re already off to Newark.
Funny how all the PATH shootings happen between Grove St and JSQ. On Sunday mornings.
My wife received her compensation increase for this year. She received 5%(she was in the 6 figures already). I’m assuming wage inflation is happening at the high skill level. At the bottom, they are being flushed down the drain. If anyone else knows what percentage is being handed out this year, please share. Trying to get a feel for where this is going. 5% is perfect, since it’s higher than my loan rates. Combine that with the tax write offs and I’m “winning” this battle.
The previous post is a 100% troll.
Even were there a shred of truth in it (I love the use of “6 figures” to narrow the income to the 100L-999.9K range), it is purely anecdotal, and indicative of nothing.
Then again, perhaps Punkin’ can use this type of reporting to build the next CNBC.
I had an income of six figures every year I was in RE. Too bad that the last three years, my losses were in the higher six figures.
Screw you. I put the six figures in there to point out that it was not a low skill job. It’s indicative that some companies are giving 5% raises. We spoke about this a week ago, in the hyper inflation talk. I said 5% is ideal, and here we are. Not stating wage inflation is happening across the board, but it clearly is happening in parts of the economy.
Liquor Luge says:
January 22, 2015 at 8:30 pm
Even were there a shred of truth in it (I love the use of “6 figures” to narrow the income to the 100L-999.9K range), it is purely anecdotal, and indicative of nothing.
Then again, perhaps Punkin’ can use this type of reporting to build the next CNBC.
Damn, no wonder you are so pissed. You are a smart guy, pick yourself back up and get back in the game. Don’t write off your skills just because you had three bad years. Get back in it!!! Rocky Balboa style!!! Roll with them punches. You are too smart to write off an industry you know everything about. Take advantage of what you have!
Liquor Luge says:
January 22, 2015 at 8:31 pm
I had an income of six figures every year I was in RE. Too bad that the last three years, my losses were in the higher six figures.
119- making 6 figures every year except three means you are clearly good at it.
#41 Rags
Umm No. When the MTR was privatized, most of the current infrastructure was in place. The new airport was up and running and the new High speed link with the tunnels already built. What the shareholders got was a top of the line rail system, with a lot of undeveloped land around the stations to build town communities.
I miss HK. There was nothing better than landing at the old Kai Tek.
https://www.youtube.com/watch?v=bKqO6gdJIz8
http://www.nj.com/ocean/index.ssf/2015/01/artie_langes_bay_front_home_only_25m_photos.html#incart_m-rpt-1
“NEW YORK (AP) — Oil prices rose on the news of the death of Saudi Arabia’s King Abdullah Thursday, but the king’s death is not expected to change the course of oil prices over the next several months.”
Check out this article from USA TODAY:
When the clock strikes twelve, we’re toast
http://usat.ly/1Jp7MHH
124- porn for the glass half empty type.
“Tick, tick, tick: When the clock strikes 12, we’re toast
Maybe those people on Doomsday Preppersaren’t that off base. We are dangerously close to the end of the world, scientists said today as they moved the hand of the symbolic Doomsday Clock two minutes closer to midnight. They cited unchecked climate change and the threat of nuclear weapons. Some stark words you really don’t want to hear from a lady who speaks for a group of atomic scientists: “The probability of global catastrophe is very high. This is about the end of civilization as we know it,” said Kennette Benedict, the executive director and publisher of the Bulletin of the Atomic Scientists. The Doomsday Clock was created in 1947 by scientists who had helped develop the first nuclear weapons in the Manhattan Project. Three minutes is the closest to midnight the clock has been since 1984, during the Cold War. The closest it has ever been to midnight — two minutes— was in 1953, when the hydrogen bomb was first tested. The closer to a setting of midnight it gets, the closer it’s estimated that a global disaster will occur. So, are we doomed? Maybe. Meanwhile, we’re stockpiling bottled water, Cheetos and blankets. Actually, we guess that’s kind of our normal stash at #shortlistHQ. Let’s hope we’re all still here in the next millennium — and hey, maybe we’ll give you #theshortlistin hologram form.”
You know, I’ve been thinking. I’d be ok with the state using taxpayer money to build a giant metal statue of a bird on the Montclair state campus if it were the Ruger Phoenix. Now that would build school spirit.
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