Case Shiller – US Up 4.4% YOY in May

From the WSJ:

Home-Price Growth Remained Solid in May

Home prices made solid gains in May, according to a report released Tuesday, as home price growth appears to be largely flattening out after a long, uneven recovery.

The S&P/Case-Shiller Home Price Index, covering the entire nation, rose 4.4% in the 12 months ended in May, slightly greater than a 4.3% increase in April.

The 10-city and 20-city indexes saw similar increases in May as in April. The 10-city index gained 4.7% from a year earlier, slightly stronger than a 4.6% increase in April. The 20-city index gained 4.9% year-over-year, identical to the increase in April.

Economists surveyed by The Wall Street Journal expected a 5.7% increase to the 20-city index.

Price gains have remained largely flat in 2015 at just over 4%, after low double-digit gains in 2013. Economists said that is likely a good sign that the market is stabilizing closer to levels that most buyers can afford.

David Blitzer, managing director and chairman of the Index Committee at S&P Dow Jones Indices, said that price gains are likely to continue slowing, eventually stabilizing at around 3%.

This entry was posted in Economics, Housing Recovery, National Real Estate. Bookmark the permalink.

135 Responses to Case Shiller – US Up 4.4% YOY in May

  1. Essex says:

    I got nuthin’

  2. grim says:

    May Case Shiller – NY Commutable

    Low Tier
    (Under $276263)
    YOY – Up 4.6%
    2YOY – Up 8.5%
    3YOY – Up 14.0%

    Mid Tier
    ($276263 – $443875)
    YOY – Up 3.9%
    2YOY – 7.9%
    3YOY – 11.9%

    High Tier
    (Over $443875)
    YOY – Up 2.2%
    2YOY – Up 7.7%
    3YOY – Up 10.3%

    Aggregate
    (Overall Market)
    YOY – Up 3.0%
    2YOY – Up 7.8%
    3YOY – Up 10.8%

  3. grim says:

    From the Star Ledger:

    Growing up poor in this N.J. county raises your odds of earning money

    Children growing up poor in Bergen County have a greater chance of earning more money as adults than anywhere else in New Jersey, according to a recent study.

    A childhood spent in a low-income family in Atlantic County, meanwhile, provides the worst odds for income mobility in the state.

    A research team led by two Harvard University economists looked at how geography affects economic opportunity across the country by studying the outcomes of millions of families who moved across counties in the United States.

    The study released this spring as part of “The Equality of Opportunity” project found that “every year of exposure to a better environment improves a child’s chances of success.”

    Every year a child in a low-income family spends in Bergen County raises his or her income as an adult by 0.71 percent compared to the national average, the study found. That adds up to about 14 percent more in income for a child born and raised in the county.

    A poor child who grew up in Hunterdon County would realize the next-highest earnings gain, according to the study, at more than 11 percent, followed by Middlesex County at nearly 9 percent.

    At the other end of the spectrum, a poor child who grew up in Atlantic County, faces a potential earnings loss of more than 16 percent.

  4. anon (the good one) says:

    over 200 messages yesterday?

    the hatred and envy of the extreme right wingers against Americas working class is boundless

  5. grim says:

    Was a hot day … will be hotter today.

  6. grim says:

    From HousingWire:

    Homeownership rate drops to 48-year low

    The homeownership rate in the United States in the second quarter declined to 63.4%, the lowest it has been since 1967, according to data from the Department of Commerce’s Census Bureau.

    Further, the steady decline since 2009 continues.

    On a quarterly basis, the rate was 1.3 percentage points (+/-0.4) lower than the second quarter 2014 rate (64.7%) and 0.4 percentage points (+/-0.4) lower than the rate last quarter (63.7%).

    For the second quarter 2015, the homeownership rates were highest in the Midwest (68.4%) and lowest in the West (58.5%). The homeownership rates in the Northeast, Midwest, South and West were lower than the rates in the second quarter 2014.

  7. 1987 Condo says:

    Hot in Wayne, all appear safe…

    http://www.northjersey.com/news/3-alarm-fire-destroys-wayne-home-1.1382451

    WAYNE – A three-alarm fire destroyed a home on Alps Road Wednesday morning soon after new owners completed renovations.

    The blaze burned through the roof, causing it to collapse about 25 minutes after firefighters arrived, Wayne Fire Company 1 Chief Greg Laskowski said. The rest of the home suffered smoke and water damage.

    The new owners hadn’t moved in yet; the chief believed it’s not livable now but could be salvaged with major repairs.

    The blaze was reported just before 4 a.m. and under control about an hour later, he said. The fire’s cause is under investigation but not believed to be suspicious.

    No one was hurt, Laskowski said.

    About 50 firefighters from Wayne responded.

  8. anon (the good one) says:

    @cat_beltane:

    “so what did you do before self-driving cars?”
    “we just drove ’em ourselves!”
    “wow, no one died that way?”
    “oh no, millions of people died”

  9. Juice Box says:

    re# 3 Children growing up poor in Atlantic County vs Bergen County.

    Atlantic county’s piney folk are rural bumpkins and not worthy of a comparison to Bergen. Just ask Pumpkin…..

  10. leftwing says:

    From late yesterday, Medford cop, compliments phoenix:

    Sociopaths with badges. Truly amazing video if you haven’t seen it.

    http://www.boston.com/news/local/massachusetts/2015/07/27/cop-caught-dash-cam-threatening-blow-hole-through-driver-head/eyZbmPp22kuuacwx8hHe2M/story.html?p1=Must_Reads#comments

    Did not find a single comment supporting the cop. This jack0ff needs to jailed.

    Think I’m going to get dashcam/audio recording device.

  11. The Great Pumpkin says:

    Just wanted to throw this out there, in case some people don’t realize it. The original “right” represented the Aristocracy/Monarchies, and the left the commoners/capitalists. As the original representatives of the “right” went the way of the dinosaur, the capitalists (owners of industry/resources) replaced them on the right. If you read the book, “Animal Farm”, you can see the capitalists represented the pigs, they used the commoners to take out the aristocracy, and then became the aristocracy without the labels.

    Also, I want to point out that the “American left” would be considered more on the right of the political spectrum in Europe.

    “The terms “Right” and “Left” refer to political affiliations which originated early in the French Revolutionary era of 1789–1799, and referred originally to the seating arrangements in the various legislative bodies of France. The aristocracy sat on the right of the Speaker (traditionally the seat of honor) and the commoners sat on the Left, hence the terms Right-wing politics and Left-wing politics.

    Originally, the defining point on the ideological spectrum was the ancien régime (“old order”). “The Right” thus implied support for aristocratic or royal interests, and the church, while “The Left” implied support for republicanism, secularism, and civil liberties.[4] Because the political franchise at the start of the revolution was relatively narrow, the original “Left” represented mainly the interests of the bourgeoisie, the rising capitalist class (with notable exceptions such as the proto-communist Gracchus Babeuf). Support for laissez-fa!re capitalism and free markets were expressed by politicians sitting on the left, because these represented policies favorable to capitalists rather than to the aristocracy; but outside of parliamentary politics, these views are often characterized as being on the Right.

    The reason for this apparent contradiction lies in the fact that those ‘to the left’ of the parliamentary left, outside of official parliamentary structures (such as the sans-culottes of the French Revolution), typically represent much of the working class, poor peasantry, and the unemployed. Their political interests in the French Revolution lay with opposition to the aristocracy, and so they found themselves allied with the early capitalists. However, this did not mean that their economic interests lay with the ‘laissez-fa!re’ policies of those representing them politically.

    As capitalist economies developed, the aristocracy became less relevant and were mostly replaced by capitalist representatives. The size of the working class increased as capitalism expanded, and began to find expression partly through trade unionist, social!st, anarch!st, and commun!st politics, rather than being confined to the capitalist policies expressed by the original ‘left’. This evolution has often pulled parliamentary politicians away from laissez-fa!re economic policies, although this has happened to different degrees in different countries.

    Thus, the word ‘left’ in American political parlance may refer to ‘liberalism’ and be identified with the Democratic Party, whereas in a country such as France these positions would be regarded as relatively more right-wing, and ‘left’ is more likely to refer to ‘social!st’ positions rather than ‘liberal’ ones.”

  12. leftwing says:

    Watching CBS, I’m dying here….

    I used to make some money playing the political oddsmakers on US elections overseas online. It was more like a stock market (go long, go short at a price) than straight up odds. Those sites shut down as unregulated markets. Republican field is uncountable now. Two debates coming up. The prime show and a smaller one with the guys outside the prime show. What an opportunity. Jeez.

  13. The Great Pumpkin says:

    I think this proves what I have been saying. Atlantic county is south of mason dixie line, they def are more representative of the south as opposed to the northeast. Go ahead and raise your child in these areas so you can save some money, your child will be paying for it the rest of his/her life. So run to the south people, run. Cheap taxes and cheap homes. Be careful what you ask for.

    Juice Box says:
    July 29, 2015 at 8:01 am
    re# 3 Children growing up poor in Atlantic County vs Bergen County.

    Atlantic county’s piney folk are rural bumpkins and not worthy of a comparison to Bergen. Just ask Pumpkin…..

  14. The Great Pumpkin says:

    There are a couple of houses recently renovated on alps, I wonder which one it is. That’s some bad luck.

    1987 Condo says:
    July 29, 2015 at 7:56 am
    Hot in Wayne, all appear safe…

    http://www.northjersey.com/news/3-alarm-fire-destroys-wayne-home-1.1382451

    WAYNE – A three-alarm fire destroyed a home on Alps Road Wednesday morning soon after new owners completed renovations.

  15. The Great Pumpkin says:

    Getting better by the day to be a landlord.

    grim says:
    July 29, 2015 at 7:53 am
    From HousingWire:

    Homeownership rate drops to 48-year low

    The homeownership rate in the United States in the second quarter declined to 63.4%, the lowest it has been since 1967, according to data from the Department of Commerce’s Census Bureau.

    Further, the steady decline since 2009 continues.

    On a quarterly basis, the rate was 1.3 percentage points (+/-0.4) lower than the second quarter 2014 rate (64.7%) and 0.4 percentage points (+/-0.4) lower than the rate last quarter (63.7%).

    For the second quarter 2015, the homeownership rates were highest in the Midwest (68.4%) and lowest in the West (58.5%). The homeownership rates in the Northeast, Midwest, South and West were lower than the rates in the second quarter 2014.

  16. D-FENS says:

    Michael is not the American working class. He’s just a snob and a douche.

    anon (the good one) says:
    July 29, 2015 at 7:24 am
    over 200 messages yesterday?

    the hatred and envy of the extreme right wingers against Americas working class is boundless

  17. Wily Millenial says:

    > “so what did you do before self-driving cars?”
    > “we just drove ‘em ourselves!”
    > “wow, no one died that way?”
    > “oh no, millions of people died”

    I laughed out loud. Reminds me of the first time I saw a photo of a 19th-c NY street littered with dead horses. “Oh, right.”

  18. D-FENS says:

    SPARTA — The state Attorney General’s office is investigating an incident in which an off-duty state trooper fired a weapon at a vehicle with three teens inside early Sunday.

    The Attorney General’s office said the Shooting Response Team is still gathering information, a spokesman, Peter Aseltine, said in an email to NJ Advance Media.

    The New Jersey Herald reported that the youths in the car were two 18-year-olds and a 19-year-old. None of the youths were hit by gunfire.

    Authorities declined to name the trooper or to release other details about the incident, which occurred on Whispering Wood Lane. No charges have been filed.

    Authorities may release additional information Wednesday, Aseltine also said.

  19. Comrade Nom Deplume in Meffa says:

    [10] leftwing

    Going over to Meffa for some doughnuts. Will probably pass a road job with 4 cops and a Sgt. Yakking on cellphones and watching traffic crawl by.

  20. D-FENS says:

    SPARTA, NJ – The mother of one of the boys involved in a shooting incident by an off-duty state trooper recounted the story on Tuesday. The trooper was allegedly shooting at a car occupied by teens who mistakenly went to his home.

    Law enforcement authorities have yet to make any comment, despite several inquiries.

    Lindsay Marasco said the three boys drove to Whispering Winds off of Sterling Hill Road to drop off Matthew Mayer at a friend’s house.

    “After knocking on the door, they heard the loud voice from inside saying ‘I don’t know who the f*** you are, get off my f***ing property’,” Marasco said. “They didn’t recognize the voice so they ran away. They ran to their car. Because it was in a cul-de-sac they had no choice but to drive past the house to get out. The man was in the street pointing his gun at them. They were scared and just wanted to get out of there. Then he shot his gun at them.”

    She said the state trooper, Kissenger Barreau, did not identify himself as a police officer to the boys. This was confirmed by one of the other boys involved. His attorney has advised him not to discuss details at this time.

    Marasco continued, “They got as far as Butternut [Way] when something was wrong with the wheel and they couldn’t drive any further.” Her son called her to tell her what happened and to get a ride. She told them they had to call the police to report someone was shooting at them. So, she said, that is what they did.

    Instead of getting assistance, they were arrested. Initially, according to the mother, the boys were told they were being arrested for burglary, though the actual charges have yet to be confirmed.

    Authorities have yet to release any information about the incident, including anything about charges being filed. They said the investigation is being handled by the state Attorney General’s Office which also refused to reveal any information.

    Marasco said her car was impounded. She said her son was told the car was towed by Hayden’s Auto and Truck Repair and that her son could “go to Hayden in Andover, to pay and take the receipt to Totowa to pick up the car.”

    Hayden’s is in Sparta, but Marasco said people there said they didn’t have the vehicle. Marasco said she went to the trooper barracks and was told they did not have a record of her car. She said she told them the date and nature of the incident and the name under which the car was registered and they still said they could not find any record of the car, the incident or anything related to the boys’ names.

    “Right now, I’m assuming it’s in Totowa,” she said.

    They told her they needed the license plate number. She is still following up with attempts to retrieve the vehicle.

    The Attorney General had not yet responded to inquiries made by TAP into Sparta. It is anticipated they will be releasing a statement sometime today.

  21. Comrade Nom Deplume in Meffa says:

    [16] dfens

    Please don’t feed the troll. Not when it tries (and fails) to think for itself.

    In moments like this, I don’t know whether to deeply loathe for deeply pity him. Then I remember that he posted from somewhere. So much for pity.

  22. The Great Pumpkin says:

    I work, therefore I’m in the American working class. But I understand what you are saying, I’m much better off than most. At 29 (2009), when I married, with my wife’s income and my income combined, we ranked in the top 5% of earners in the state, 200,000. So yes, I’m way closer to the top, than the bottom, even though the top 1% is a world away from me. I’m not saying what my income is today, because I don’t want to be judged. I understand someone has to be poor, but I also don’t want to see people get taken advantage of. Giving decent benefits and a decent salary so someone can live is not asking so much. We live in the richest country in the history of the world. I’m not worried about the third world nations, they don’t see wealth up close and personal like the American lower classes do.

  23. D-FENS says:

    22 – You talk out of both sides of your mouth. You pretend to be for Bernie Sanders and “the middle class” but I don’t think you even know what that is. In the next post you brag about how great NE NJ is then trash the areas where the middle class live.

    Please crawl back under the rock from which you came.

    It’s painful having to scroll past the irrational garbage you post. None of it is logical…yet in the end it always ends in a vote for the Blue team?

  24. Libturd in Union says:

    “the hatred and envy of the extreme right wingers against Americas working class is boundless”

    Really? So I am not part of America(‘)s working class? You are both a simpleton and a moron.

  25. Libturd in Union says:

    Speaking of Bernie Sanders, I heard he is having trouble with the black vote. Why doesn’t he just announce that he’s related to Colonel Sanders?

  26. The Great Pumpkin says:

    23- How did I trash the middle class?

  27. Fast Eddie says:

    anon (the good one),

    You’re coming to the next get-together, right? I said right?

  28. Alex says:

    28-

    Fast Eddie, you’ll have to give anon some time to respond, he first has to wipe the doritos off his fingers.

  29. grim says:

    Can we just make it illegal to ask someones race, gender, ethnicity, or age?

  30. yome says:

    Millennials driving up rent prices. Bring back the 5% downpayment and they will realize owning is cheaper than renting

  31. Fast Eddie says:

    Can we just make it illegal to ask someones race, gender, ethnicity, or age?

    Just change it to ask one question: “Are you a white male?”

  32. yome says:

    Raising wages for fast-food workers to $15 an hour would lead to a noticeable but not substantial increase in food prices, according to a new study by Purdue University’s School of Hospitality and Tourism Management.

    According to the Bureau of Labor Statistics, 1.54 million people working in food preparation and serving related occupations make at or below the federal minimum wage of $7.25 per hour. Raising their hourly wages to $15 — a 107% increase — would cause prices to rise an estimated 4.3%. That means your $3.99 Big Mac would wind up costing $4.16, and an average fast-food meal costing $7.00 would go up in price to $7.31.

    If fast-food workers received $22 per hour (a massive 203% pay raise) — which is the average wage for Americans in the private industry, according to the Bureau of Labor Statistics — restaurant prices would rise 25%.

    “There were no surprises. We thought prices would go up,” said Dr. Richard Ghiselli, Head of the School of Hospitality & Tourism Management at Purdue University. “We just wanted to know how much they would go up if you raise pay.”

    http://www.marketwatch.com/story/raising-fast-food-hourly-wages-to-15-would-raise-prices-by-4-study-finds-2015-07-28

  33. FKA 2010 Buyer says:

    [20] D-FENS

    That’s privilege and par for the course!!! Imagine you are an 18 year old dropping your buddy off and you get shot at, later call the police and you are arrested…for burglary.

    Que up character assignation on all 3 kids.

  34. FKA 2010 Buyer says:

    Guess Hollywood is running out of ideas….

    99 Homes

    Set amidst the backdrop of the 2008 housing market catastrophe, Dennis Nash (Andrew Garfield), a hard-working and honest man, can’t save his family home despite his best efforts. Thrown to the streets with alarming precision by real estate shark Mike Carver (Michael Shannon), Dennis, out of work and luck, is given a unique opportunity—to join Carver’s crew and put others through the harrowing ordeal done to him in order to earn back what’s his. Delicately training his eye on the rigorous details, the reliably astute Ramin Bahrani imbues his characters with icy complexity to achieve his compassionate portrait of a man whose integrity has become ensnared within an all-too-relevant American crisis. With precision and care, Bahrani’s provocative character study applies all the cinematic tools at his disposal to explore the ethical dilemma at the heart of man’s struggle to reach higher—by whatever means necessary.

    https://www.youtube.com/watch?v=sfttvNCIJvE

  35. xolepa says:

    My next-door neighbor, super conservative guy defends cops to the max. Hates teachers, though. Guess what? His SIL is a retired cop. That copy was an arrogant a-hole, to say the least. Glad he moved to Arizona. It does seems, even to this mildly conservative white male (that’s me) that cops are way overboard now in this country. Without knowing the full details of that shooting incident, I still shudder to think if that was one of my kids in the car.

    If I was that mother, I would lawyer up real fast and start counter-punching. And get the press involved. Make it go internet viral. All depends on what the real truth is, though.

  36. leftwing says:

    “I’m not worried about the third world nations, they don’t see wealth up close and personal like the American lower classes do”

    LOL, OMG. So the ethical standard regarding income is whether parties ‘see it’ or not? Live near a metropolitan center but lower class; benefits for you. WV, in the hills, low median income and wealth area; pound sand you don’t know what you are missing. Ditto Africa. Poor but out of sight? Out of mind. Amazing your logic, or lack thereof.

    “None of it is logical…yet in the end it always ends in a vote for the Blue team?” DFENS, ironically, this statement makes total sense to me.

  37. 1987 Condo says:

    If you want to dig into this it is pretty interesting. The latter graphs/charts are intriguing. Compares 3 year birth cohorts for the last 100 years on income, net worth, etc.

    http://www.washingtonpost.com/news/wonkblog/wp/2015/07/29/millennials-should-no-longer-dream-of-ever-becoming-millionaires/

  38. D-FENS says:

    It was crazy. They called out the helicopters with spotlights along with the dogs and chased one of the kids through the woods.

    FKA 2010 Buyer says:
    July 29, 2015 at 10:22 am
    [20] D-FENS

    That’s privilege and par for the course!!! Imagine you are an 18 year old dropping your buddy off and you get shot at, later call the police and you are arrested…for burglary.

    Que up character assignation on all 3 kids.

  39. D-FENS says:

    The stuff I did when I was a kid….if I were a teenager today, I’d probably be dead.

  40. Libturd in Union says:

    “The stuff I did when I was a kid….if I were a teenager today, I’d probably be dead.”

    Same here.

    Heck..working in the mall, we had a whole shoplifting/barter economy in play. I was a minor player. Some of the guys I worked with were completely out of control.

  41. Juice Box says:

    Charged those 3 kids with burglary?

  42. NJT says:

    Two buddies and I decided to stop by a highschool graduation party one summer night (1983). Didn’t really know the kid but his parents were away so we figured…this is going to be one heck of a party. Parked two blocks away…just in case.

    When the Coke (not the drink) came out we dedcided it was time to leave. Just then the place is raided by the cops! We try to duck out the back door (miles of woods after the lawn) and a cop confronts us. One of my friends (a REALLY big buy) slugged the cop and knocked him out cold! We ran into the woods, up a mountain and stayed there until (hours later) all the cops left. I caught hell for coming home so late without calling but, it was better than…

    Still buy that guy a drink everytime I see him (every few years).

  43. xolepa says:

    (41) Reminds me too when I was a HS senior. A new shopping mall w/ department store opened in town. Mostly HS kids were hired there. They robbed the place blind. Blatantly.

    I started working in the Finast deli section evenings in the same mall. Cut myself two lbs of salami, labeled it at 37 cents and went to my buddy cashier, who rang it through. I was a hungry man, those days. Ate like 6 meals a day. Had to keep my sprinter/hurdler body fed. Fellow classmates who worked in the same deli section walked off with entire pails of potato salad, cole slaw. One time they stole it for use in the senior picnic which was held at Johnson Park, New Brunswick. That was a nice party. Had drinking contests with the younger teachers. Anything went back then.

  44. Libturd in Union says:

    I totally forgot about this.

    http://tinyurl.com/Blumpy

  45. NJT says:

    Worked part-time nights at a Shop Rite deli for a couple years in my twenties. Ate constantly the whole time I was there. We even stole from the butchers freezer , seafood dept. and cooked it up (Fillets, Ribs, Chops, lobster, salmon ect.) after the deli manager went home. NEVER left the store with anything.

    A retired butcher used to work with us one or two nights a week. He always bought stuff to bring home (‘ends’ for his ‘dog’ – ‘ends’ are what’s left of a cold cut parcel and too dangerous to slice because they are so small – manager said so. So they were marked at $.99. Most pieces didn’t weigh in at more than a 1/2 pound). Yeah, right, it was prime cut roast beef and he marked it at $.99 a pound. Got caught, fired and charged! Quit not long after that as the store manager was watching us like a hawk sitting in a tree on I-80.

  46. FKA 2010 Buyer says:

    got to love it…to be young again.

  47. Libturd in Union says:

    My oldest brother did security at a supermarket in New Brunswick. He was allowed to bring home anything that was past due date. I remember him bringing home great steaks and lobster frequently.

  48. Comrade Nom Deplume in Meffa says:
  49. The Great Pumpkin says:

    I’m sorry that you can’t understand the logic behind my statement. Just like you refuse to waste your time explaining your view to me, I refuse to waste my time explaining the logic when you will just ignore what I say and bash me.

    leftwing says:
    July 29, 2015 at 10:41 am
    “I’m not worried about the third world nations, they don’t see wealth up close and personal like the American lower classes do”

    LOL, OMG. So the ethical standard regarding income is whether parties ‘see it’ or not? Live near a metropolitan center but lower class; benefits for you. WV, in the hills, low median income and wealth area; pound sand you don’t know what you are missing. Ditto Africa. Poor but out of sight? Out of mind. Amazing your logic, or lack thereof.

    “None of it is logical…yet in the end it always ends in a vote for the Blue team?” DFENS, ironically, this statement makes total sense to me.

  50. joyce says:

    like you refuse to waste MORE OF your time explaining

  51. The Great Pumpkin says:

    Are you kidding me, at 15 an hour, there would be a 4.3% increase? God forbid. Jesus, we take advantage of the bottom class. Your dollar menu item would go up 4.3 cents. It’s the end of the world.

    yome says:
    July 29, 2015 at 10:06 am
    Raising wages for fast-food workers to $15 an hour would lead to a noticeable but not substantial increase in food prices, according to a new study by Purdue University’s School of Hospitality and Tourism Management.

    According to the Bureau of Labor Statistics, 1.54 million people working in food preparation and serving related occupations make at or below the federal minimum wage of $7.25 per hour. Raising their hourly wages to $15 — a 107% increase — would cause prices to rise an estimated 4.3%. That means your $3.99 Big Mac would wind up costing $4.16, and an average fast-food meal costing $7.00 would go up in price to $7.31.

  52. The Great Pumpkin says:

    I do it all the time. Instead they don’t even read the whole thing and call me an idiot. I’m not going to waste my time if you bash me instead of engaging the discussion in a respectful way.

    joyce says:
    July 29, 2015 at 12:00 pm
    like you refuse to waste MORE OF your time explaining

  53. The Great Pumpkin says:

    Of course they have jersey all wrong. Watching too much tv. A lot of the other states, they are dead on.

    Comrade Nom Deplume in Meffa says:
    July 29, 2015 at 11:52 am
    Scroll down to CT, NJ, and NY. Nails it

    http://www.tickld.com/x/the-50-states-of-america-if-they-were-actually-people-in-a-bar

  54. joyce says:

    Go back to debate . org and play with yourself (or whatever that site was that you posted your back n forth). You have no idea what the concepts of debate, logic, facts, or critical thinking actually are. It’s been proven by your own words time and time again.

    ” I’m not going to waste my time if you bash me instead of engaging the discussion in a respectful way.”

    good, leave

  55. Banco Popular Trust Preferred Shares says:

    The End Is Nigh (Libturd Edition):

    UNCASVILLE, Conn. — One high roller requests a refrigerator full of bananas that he squeezes and throws as he gambles. Another urinates against a wall. Other high-stakes players described by a pit manager at Mohegan Sun, one of the world’s largest cas!nos, throw chairs, scream at dealers and expect rules to be bent at the tables.
    In the increasing competition for the biggest spenders, cas!nos are known to pull out all the stops with comped hotel rooms, meals and rebates for a percentage of their losses. But some dealers say efforts to satisfy and retain the players — known as “whales” — go much further, with cas!nos tolerating abuse and extending courtesies that test the integrity of the games.

    “All men are created equal except in the cas!no,” Glen Costales, the pit manager, said at a hearing before a tribal gaming commission in May. Transcripts of the hearing were obtained by The Associated Press. “If it’s a premium player, he gets away with a lot more than the five-dollar player would get away with.”

    Costales was testifying in support of a pit boss, Maria DeGiacomo, who was fired this year after the cas!no accused her of colluding with a high roller by allowing late bets at a blackjack table. DeGiacomo and other employees say dealers frequently grant similar requests from top players.

  56. D-FENS says:

    In low income neighborhoods, places like McDonalds are where people get much of their food. Increased prices would be a hardship for them.

    More of your ivory tower ignorance on display.

    Stop manipulating markets.

    The Great Pumpkin says:
    July 29, 2015 at 12:09 pm
    Are you kidding me, at 15 an hour, there would be a 4.3% increase? God forbid. Jesus, we take advantage of the bottom class. Your dollar menu item would go up 4.3 cents. It’s the end of the world

  57. The Great Pumpkin says:

    Unfortunately, not everyone on here carries your opinion. A few people enjoy hearing a different perspective. They might not agree, but they can appreciate. Unfortunately, you must be really old. You have no patience for dealing with opinions that differ from yours. I feel bad for you. You need to call people idiots in order to make yourself feel better.

    joyce says:
    July 29, 2015 at 12:21 pm
    Go back to debate . org and play with yourself (or whatever that site was that you posted your back n forth). You have no idea what the concepts of debate, logic, facts, or critical thinking actually are. It’s been proven by your own words time and time again.

    ” I’m not going to waste my time if you bash me instead of engaging the discussion in a respectful way.”

    good, leave

  58. The Great Pumpkin says:

    Dude, the minimum wage would be up to 15 dollars, they can afford to handle the 4.3% increase. Of course your bias ways, keep you from understanding this. By keeping those wages artificially low (taking advantage of people’s desperate situation), we are totally taking advantage of the lower class. You can afford the small increase, it’s not going to break you, and it will be drastically helping our society. Your taxes will go lower, due to millions of welfare recipients now able to survive on their own paychecks.

    D-FENS says:
    July 29, 2015 at 12:22 pm
    In low income neighborhoods, places like McDonalds are where people get much of their food. Increased prices would be a hardship for them.

    More of your ivory tower ignorance on display.

    Stop manipulating markets.

  59. D-FENS says:

    59 – I haven’t bought anything at McDonalds in years. People in poor neighborhoods frequently do. Not all of them have jobs…let alone one that pays minimum wage.

    Increasing food prices would be a hardship.

    The Great Pumpkin says:
    July 29, 2015 at 12:28 pm
    Dude, the minimum wage would be up to 15 dollars, they can afford to handle the 4.3% increase. Of course your bias ways, keep you from understanding this. By keeping those wages artificially low (taking advantage of people’s desperate situation), we are totally taking advantage of the lower class. You can afford the small increase, it’s not going to break you, and it will be drastically helping our society. Your taxes will go lower, due to millions of welfare recipients now able to survive on their own paychecks.

  60. Libturd in Union says:

    No one cares about the minimum wage. I doubt it will impact a single person here and if you asked, most are in support of it. So let it go already. Minimum wage, gay marriage are low hanging fruit that serve more to maintain a voting base than to improve the well being of the country. Limit executive pay. Make Wall Street transparent. Fix healthcare (don’t simply payback the healthcare lobby). Close Gitmo. Fukc minimum wage.

  61. yome says:

    United Airlines is investing $30 million in alternative fuels developer Fulcrum BioEnergy Inc. in an effort to develop and promote the commercialization of aviation biofuel.

    The two companies have further agreed to jointly develop up to five biofuel plants near United hubs with the aim of producing up to 180 million gallons of fuel a year.

    The agreement comes in the wake of the Environmental Protection Agency’s decision earlier this month to regulate air emissions.

    “This is just one of our initiatives to help make these fuels saleable and scalable,” said Brett Hart, United executive vice president and general counsel, in a statement. “…It’s a smart move for our company as biofuels have the potential to hedge against future oil price volatility and carbon regulations.”

    Jet fuel futures prices plunged 38% in the second half of 2014 as crude prices tumbled in the face of oversupply. But many airlines were unable to take advantage as they had taken on costly hedges to protect against a rise in fuel prices.

    Rick Barraza, vice president of administration at Fulcrum, said the converted aviation biofuel costs less than a dollar a gallon to produce. United paid an average of $2.11 per gallon for traditional fuel in the first quarter, according to its earnings release.

    Fulcrum’s biofuel conversion process takes paper, plastics and wood materials—municipal waste that would typically be transported to a landfill—and uses heat and pressure to break down their complex molecules. The broken-down materials are then reformed through a series of chemical reactions known as the Fischer-Tropsch process into a liquid with the same carbon chain as petroleum fuel.

    Barraza said the process does not require the waste to be burned, and thus has a significantly reduced level of greenhouse gas emissions compared with petroleum.

    http://www.marketwatch.com/story/united-turns-to-household-trash-to-help-lower-fuel-costs-2015-06-30

  62. The Great Pumpkin says:

    If you say so. I will believe what I believe based on the #s.

    D-FENS says:
    July 29, 2015 at 12:34 pm
    59 – I haven’t bought anything at McDonalds in years. People in poor neighborhoods frequently do. Not all of them have jobs…let alone one that pays minimum wage.

    Increasing food prices would be a hardship.

  63. D-FENS says:

    Fight for $15

    It won’t impact most people here at all. If you shop at whole foods or a high end supermarket or go to fancy restaurants….the people that work there are probably paid more than minimum wage already. So the ivory tower liberal dipsh1t will gladly manipulate markets they don’t participate in…all in exchange for your vote…

    Why do you hate poor people and the middle class Michael?

  64. joyce says:

    Your idiocy knows no bounds… I’ve disagreed with pretty much everybody on here from time to time.

    The Great Pumpkin says:
    July 29, 2015 at 12:25 pm

  65. Alex says:

    Interest rates unchanged, confirming economy still stinks

  66. The Great Pumpkin says:

    Thank you for the kind words. Preach!

    joyce says:
    July 29, 2015 at 2:04 pm
    Your idiocy knows no bounds… I’ve disagreed with pretty much everybody on here from time to time.

    The Great Pumpkin says:
    July 29, 2015 at 12:25 pm

  67. Libturd in Union says:

    “Interest rates unchanged, confirming economy still stinks”

    Or maybe the economy around here is fine, but we have much greater concern for the Chinese economy.

  68. The Great Pumpkin says:

    No, it confirms that the drop in oil prices has held down inflation. Inflation will come.

    Alex says:
    July 29, 2015 at 2:22 pm
    Interest rates unchanged, confirming economy still stinks

  69. The Great Pumpkin says:

    Lowering pay based more people than jobs available isn’t manipulation, right? Just like people always say “raise the minimum wage to 100 dollars commie”, I tell them to make the minimum wage .5 cents and watch the race to the bottom!! Oh, no one will work for that if they can’t survive on that. Yes, they will. Right now they can’t survive on 8 dollars an hour, it doesn’t seem to stop people from taking the job, right? Uncle Sam will take care of them, right? Put it on the fuc!ing fast food owners profiting big time, not on the tax payer dime.

    See how I destroyed your argument instead of calling names. You can do it too.

    D-FENS says:
    July 29, 2015 at 12:48 pm
    Fight for $15

    It won’t impact most people here at all. If you shop at whole foods or a high end supermarket or go to fancy restaurants….the people that work there are probably paid more than minimum wage already. So the ivory tower liberal dipsh1t will gladly manipulate markets they don’t participate in…all in exchange for your vote…

    Why do you hate poor people and the middle class Michael?

  70. jcer says:

    a $15 minimum wage is not the issue, I voted yes to an increased wage in NJ, the issue is it cannot be everywhere and it is a job killer. A $15 minimum wage would be the impetus for developing automated solutions, right now people are easier/cheaper(there is much more flexibility vs. the large fixed cost of an automation implementation with various unknowns), at $15 per hour that may change. The $15 wage floor is so the unions can get increases, so no thanks to that!

  71. 30 year realtor says:

    Just bought my first property at the Hunterdon County sheriff sale today. Property sold 4/25/06 for $625,000. We paid $275,000. That is a Comp Killer!

  72. The Great Pumpkin says:

    If business is already profiting in a major way, why do they have to cut out more workers? Is a business supposed to just have outrageous profits that increase every year? Is the sole purpose of a business to just profit, meaning if it doesn’t need workers, should it exist? What’s the impact of eliminating all the workers, leaving a few people profiting from this business? Where will the demand come from for their products since they fired all their customers? Where are we going in the name of profit? Is this what we want? A world where most people can’t find a job because there are none?

    jcer says:
    July 29, 2015 at 2:39 pm
    a $15 minimum wage is not the issue, I voted yes to an increased wage in NJ, the issue is it cannot be everywhere and it is a job killer. A $15 minimum wage would be the impetus for developing automated solutions, right now people are easier/cheaper(there is much more flexibility vs. the large fixed cost of an automation implementation with various unknowns), at $15 per hour that may change. The $15 wage floor is so the unions can get increases, so no thanks to that!

  73. The Great Pumpkin says:

    Damn, I would hate to be the neighbor. Kind of wrong to use that as a comp, but it is what it is.

    30 year realtor says:
    July 29, 2015 at 2:45 pm
    Just bought my first property at the Hunterdon County sheriff sale today. Property sold 4/25/06 for $625,000. We paid $275,000. That is a Comp Killer!

  74. D-FENS says:

    71 – You destroyed nothing. My point stands.

  75. Juice Box says:

    re: “Interest rates unchanged”

    Isn’t PCE actually negative and Core CPI a blip at 1.7%? Who in their right minds wants higher rates when there is no inflation? Forget the whole saving face over massive money printing and buying up of all MBS to reflate housing. We aren’t Japanese and seven years turns into ten then twenty very quickly if this keeps up.

    None of this actually might matter if we only had low rates for two or three years were it not for the fact that extremely low interest rates for nearly seven years have now fueled increased risk by borrowers (myself included) and of course the hungry for any yield investment world which is all levered up as well.

  76. Juice Box says:

    re # 73 – That is a Comp Killer! – Not at the tax assessors office is that a comp killer.

  77. Juice Box says:

    re: # 76 – He is awfully uppity lately…..

  78. joyce says:

    Juice,
    All we hear is that housing & rental prices are increasing; isn’t that the biggest component of core CPI? Healthcare rising incessantly and is 1/5 of the economy… does the 1% core number make sense?

  79. FKA 2010 Buyer says:

    Congrats 30 Year

    How much work needs to be done?

  80. NJGator says:

    Latest idea for fixing NJ’s pensions: A federal loan

    Senate President Stephen Sweeney says the federal government should make low-interest loans to states to restructure their pension debt, such as New Jersey’s $51 billion shortfall

    TRENTON – New Jersey’s pension debt exceeds $51 billion, and Senate President Stephen Sweeney has a new plan for paying it: a low-interest loan from Washington.

    Sweeney, D-Gloucester, says the federal government should help states fix their pension shortfalls, which are approaching $1 billion nationally, by creating a pension debt restructuring program.

    Voters in a state would have to approve participating in the plan, and states would have to agree to make required payments into their retirement systems to ensure they won’t rack up the same debts again. Loans would be repaid over 30 years. They should have an interest rate of 1 percent to 2 percent, Sweeney suggested.

    “This is not a bailout or a handout. It’s a loan program, with its biggest winners being the taxpayers because they would pay less in future pension payments and avoid cuts in essential services,” Sweeney said at a Statehouse news conference. “If it’s in the nation’s interest for the federal government to step in and keep Wall Street and General Motors afloat, it should be able to find ways to protect the pensions of middle-class income teachers, police and government employees.”

    Sweeney says New Jersey’s future pension payments would be cut in half, from the $6 billion in yearly payments the state should be making to pay its current debt to the $3 billion to $3.25 billion he says it would cost to make the regular pension payment and pay off the low-interest loan.

    Sweeney says the state would come out ahead because its earnings from investments by the pension funds, which his plan presumes would average 5 percent at first and 7 percent later, would far exceed the interest rate set by the Federal Reserve.

    http://www.app.com/story/news/politics/new-jersey/2015/07/29/latest-idea-fixing-njs-pensions-federal-loan/30835679/

  81. The Great Pumpkin says:

    82- Wow, this is music to my ears. Jersey will live!!!

    About time we get some help from the fed tax payers!! I’m so happy right now. This is so good for jersey. This will attract big business. They will no longer be scarred of the state finances, meaning moving here and the taxes being raised on them to pay for it. Life is good!! All you dummies that left are going to regret it. This is such a good thing and will bring so many opportunities. Gas tax can now go towards infrastructure and the modernization of nj begins!!! Location is too good!!! Can’t wait to get home and pop in Bruce. If only Christie didn’t veto the tunnel project, we would have been so close to reaping the benefits of that tunnel!! Go jersey!!!

  82. Ragnar says:

    Instead of a low interest loan, how about the Federal government issue high yield debt especially for NJ pensions? If the treasury issued some bonds yielding 15% to maturity, the pensions could load up on high return investments for a change.

    It works out the same either way – national taxpayers bailing out NJ liabilities.

  83. The Great Pumpkin says:

    82- The “NEW” Jersey!!! Just came up with a great state slogan for this movement. I should copy right it!

  84. The Great Pumpkin says:

    God bless America!! God bless Jersey!!

    Can you tell I’m excited.

    Doomsday is not coming to jersey!!! All this worry for nothing.

  85. Juice Box says:

    Grim # 86 in Mod.

  86. Juice Box says:

    So Sweeney want to borrow $6 billion a year from the US taxpayers to pay the pensioners and then continue to invest the existing $80 billion pension fund on Wall St to pay back the loan?

    Here is another little tidbit “With the savings of $3 billion a year, he said, the state could fund other priorities.”

    So they borrow $6 Billion a year to pay the pensioners, invest the existing $80 Billion in the Casino and then the state gets another 3 Billion dollar a year slush find?

  87. Juice Box says:

    Plumpkin – So they borrow $6 Billion a year to pay the pensioners, invest the existing $80 Billion in the Casino and then the state gets another 3 Billion dollar a year slush fund?

    See any problem there?

  88. Ragnar says:

    I was hearing that the NY State minimum wage was going to be really tough for fast food franchises in upstate NY. Because the wage doesn’t apply to restaurant chains of 30 or less. Thus Joe’s burgers can pay workers significantly less than the McD across the street. Probably won’t put you out of business, but any prospective franchise restaurant owner would likely now go independent instead, or convert from chain to independent. Government picking winners and losers as usual.

  89. Marilyn says:

    Pumpkin a lot of people are moving out of NJ. I saw tons of moving trucks heading South. Look if your not working in NYC, finance , union job, teacher , cop have a great business or on welfare, people cant make it in NJ and should do whats best. I am leaving and that area is not that small of an area. Raleigh alone is 144.8 square miles. Then add all the other areas its pretty nice not tobacco fields. What you don’t understand is I live in NW NJ and its more hillbilly than where I am going. I am retired and someone else is buying my house my friend who is down sizing because he is on NJ disablility and want to lower his tax bill and make some profit on his house. So he is basically broke and buying my house. NOw the one me who pays taxes is leaving. This is a common point. Look if you love NJ, stay and pay for it. Im sure people love it and work hard and have a great career and NJ will be fine without me. However I will be fine coming back to visit and see Paco and Schumtzi! Its not for me. I am happy and never been more confident in my life. If it gets too over crowded and has problems in Raleigh down road I will move again. Simple when Raleigh becomes NJ , I will either be dead or have left NC. I am thrilled right now. Im sure NJ will make it . Im done. I am happy and I am so glad , now I can say raise the taxes all you want in NJ!! Im now on your side!!

  90. Ragnar says:

    I look at the board and see some crazy exhibitionist freak smearing feces all over himself and flinging it at others while humping a pumpkin pie and cheering himself for some unknown reason.
    It’s just so stupid. Can’t you go troll some chat board for Weichert somewhere, pepping them up? Or go to work for National Realty selling guaranteed rented sub-market-value homes in prime locations?

  91. grim says:

    Minimum wage increase only for fast food workers?

    What the hell is the logic with that? That’s completely f*cking nonsensical.

  92. Marilyn says:

    Pumpkin , my friend who is buying my house his taxes are frozen . I know a few elderly couples on reverse mortgages to stay in NJ. If I lived in an area that was Bergen County , someone from Westchester would think the taxes are a deal. However where I live in NW NJ its a mess. Added that I am a younger retire, if I was let say 70’s then I could live in NJ and make it. I am future planning and being proactive. I picked a crappy location for old age, and I don’t think its smart to buy back into Bergen County for me due to being a young retire. Like I said I am planning my future so I don’t have to go back to work. I love that you are so proud of your State. Pumkin like I said before Now I want all the taxes to go up , I will be on the side of all tax hikes living in NC. So we agree now. It just raises my property value in NC.

  93. The Great Pumpkin says:

    Why do you live in jersey if you hate it?

    Ragnar says:
    July 29, 2015 at 4:39 pm
    I look at the board and see some crazy exhibitionist freak smearing feces all over himself and flinging it at others while humping a pumpkin pie and cheering himself for some unknown reason.
    It’s just so stupid. Can’t you go troll some chat board for Weichert somewhere, pepping them up? Or go to work for National Realty selling guaranteed rented sub-market-value homes in prime locations?

  94. Marilyn says:

    you know years ago I went looking in the Mountains of NC let me say that was Hillbilly. I still remember the street or should I say dirt road to this day. It was named Upper PAW PAW. Now if I moved their I would love NJ!! However I am in Jefferson Township. Its driving for everything. I am on the route 23 side and hate it. I made a bad choice. Where I am going is so much better for my situation. I am right in the heart of midtown Raleigh. TOns of choices, less driving, and all good amenities. You see come to my area Lake Stockholm, I call it Lake Foreclosure. They are not even real hillbillys. They are pseudo hillbillies. Mostly drug addicts. So Im doing a big upgrade . I just cant do this anymore. The areas out here are full of broke angry people. If I lived where you lived Pumpkin I may have stayed!! Well , maybe not. Im not in the club kid. I cant hide money, have no pension, have no big career and have freedom. My life will be better than Lake Foreclosure.

  95. The Great Pumpkin says:

    listen, you are retired. Of course you don’t belong in jersey anymore. You are doing the smart move based on your circumstance. I laugh at people in their 20’s, 30’s, and early 40’s that are moving to North Carolina because the houses are cheaper and their taxes cheaper. The idiots forgot how much less you get paid. I was not directing it at retirees, only career individuals still trying to earn some money. So it really was never directed towards you.

    My cousin is an example. He grew up/lived in Chester, New York. About 10 min from Woodbury Commons. His high school had like 20 kids in his graduating class. This place is not far from jersey, but it’s ass backwords. Had he grown up in jersey, he would not have turned into the looser he is. The idiot is currently driving cross country to go live in Arizona because the cost of living is cheaper. (He is 30 years old by the way) So instead of living rent free with his parents, and saving some money up, he is driving cross country to live in Arizona. The stupidity makes me sick, but hey, let him chase the cheap cost of living. Good luck making any type of money.

    Marilyn says:
    July 29, 2015 at 4:39 pm
    Pumpkin a lot of people are moving out of NJ. I saw tons of moving trucks heading South. Look if your not working in NYC, finance , union job, teacher , cop have a great business or on welfare, people cant make it in NJ and should do whats best. I am leaving and that area is not that small of an area. Raleigh alone is 144.8 square miles. Then add all the other areas its pretty nice not tobacco fields. What you don’t understand is I live in NW NJ and its more hillbilly than where I am going. I am retired and someone else is buying my house my friend who is down sizing because he is on NJ disablility and want to lower his tax bill and make some profit on his house. So he is basically broke and buying my house. NOw the one me who pays taxes is leaving. This is a common point. Look if you love NJ, stay and pay for it. Im sure people love it and work hard and have a great career and NJ will be fine without me. However I will be fine coming back to visit and see Paco and Schumtzi! Its not for me. I am happy and never been more confident in my life. If it gets too over crowded and has problems in Raleigh down road I will move again. Simple when Raleigh becomes NJ , I will either be dead or have left NC. I am thrilled right now. Im sure NJ will make it . Im done. I am happy and I am so glad , now I can say raise the taxes all you want in NJ!! Im now on your side!!

  96. joyce says:

    Mr. Middle Class Working Man Champion sure cares a lot about money.

  97. The Great Pumpkin says:

    Marylin, thank you for treating me with respect, instead of name calling. Jersey is losing a good individual.

  98. The Great Pumpkin says:

    I told you, I have money. I still champion for the little guy. Because I have money, I can’t root for the underdog? I know the difference between right and wrong. My parents raised me this way. I was raised to not lie and cheat. God’s honest truth. I was taught the difference between fortunate and unfortunate. Yes, poor people piss me off with their decisions, but that doesn’t mean I want to take advantage of them, rather than help them. You are sick if you prey on the weak for your money.

    joyce says:
    July 29, 2015 at 5:04 pm
    Mr. Middle Class Working Man Champion sure cares a lot about money.

  99. Marilyn says:

    Pumpkin you know what happened I did all I could do here. I have travelled to VT, NY AKDS, Catskills, RI, MASS, PA, NH and seen most of the Northeast. Now moving opens up a whole new bunch of places to go to on vacation. You see I did not retire from life haha. So now I have open to me Charleston, Ashville, The Great Smokies, The outter banks, Savannah, and Greenville. It will take me about 10 years until I get bored. So its not that I hate NJ, its that Im bored. So it opens up a whole new area for me to vacation then come home to my new house in Raleigh, go to my gym and cook my organic shit. You see I don’t have kids or any real ties here. However I do treat you with respect. I agree if your young in your 30’s go where you can get a great career. If that’s NJ / NYC then make it happen! I treat you with respect because I need to hear the other side. I have been wrong and its good to hear what others think and why they think that . I can hear both sides and make a more informed decision. I think I have learned from my mistakes in the past. SO I like to put your brain and thoughts into play to see or try and see the other side.

  100. Ragnar says:

    I’d like the pumpkin to learn a new hobby besides blabbering to himself online. Something glamorous. Like autoerotic asphyxiation.

  101. Libturd at home says:

    I’d like Marilyn to take Blumpy with him.

  102. Alex says:

    Pumps must’ve forgot his meds today, he sounds like he’s been stricken with hysteria.

  103. Ragnar says:

    “A panel formed at New York Governor Andrew Cuomo’s behest recommended that the minimum wage for fast-food workers be raised to $15 an hour by 2018 in New York City and three years later in the rest of the state.

    Cuomo has indicated that his labor commissioner, who has final say, will follow the board’s advice, though tweaks may be possible. The increase, which will be phased in annually, applies to fast-food chains with 30 or more locations.

    The panel was created in May to sidestep the legislature, where Cuomo’s effort to raise the $8.75 minimum wage for all workers has been stymied by Republicans who control the Senate.”

  104. FKA 2010 Buyer says:

    [82] NJGator

    Quick glance, this is just an attempt to make the deficit in the pension plan close to being whole but if the structure of the pension remains the same, this is an exercise of kicking the can down the road.

  105. FKA 2010 Buyer says:

    [90] Rags

    On the flip side, could also hurt independent restaurants like Joe’s Burgers….why would an employee want to flip burgers/pizza at Joe’s when MCD and Pizza Hut pay more?

    True story…in our offshore location in India, had a decent employee leave the company to work for KFC because they paid more.

  106. D-FENS says:

    Take the kids away. Get them away from that idiot now

    @Breaking911: SHOCK VIDEO: Girl Points Gun at Baby Brother Telling Terrified Tot: ‘I’m Going to Shoot You’ – http://t.co/PBapyJ1u6g http://t.co/3vV2OHB9oB

  107. Juice Box says:

    Exchange rate for Euro is now $1.10, and simply perfect I am leaving tomorrow.

    http://www.xe.com/currencycharts/?from=EUR&to=USD&view=10Y

  108. Juice Box says:

    re # 110 -” Idiot” – video at your fingertips and making it easily broadcast to the world is our proudest achievement to date for humans.

  109. Juice Box says:

    I would call Pumpkin a Savant, but I just don’t see it.

  110. The Great Pumpkin says:

    Jeez, the hate spewing in the comment section (sounds like some of you). These people are being ridiculous, this is a good plan. Why are these individuals obsessed with taking away a workers pension, but ignore income inequality ( no problem that a ceo makes in one year, what his workers make in 400 years). Pretty disgusting, at least there was commentator (below) that agrees with me. People have to get the hate for govt workers out of their system, they are just workers.

    “Quite a bit of rhetoric on here – the usual suspects railing against PW pensions. Putting all the venom and vitriol aside…..what is wrong with this concept?

    The state has an unfunded liability that grows at X% each year (certainly greater than 1%). Sen Sweeney is seeking a way to refinance the debt over 30 years at 1%……which would save an insane amount of money for the taxpayers. Now I don’t know if the Feds would agree to this but it’s worth a shot in my mind. The federal Gov’t has thrown away a lot more money on a lot less deserving programs.

    Those who are fighting against this are fighting against it based on some false premise that the unfunded liability will just go away but that’s just not true.

    As for what happens moving forward? The state already attained significant cost cutting reforms moving forward. Pensions have been reduced, contributions increased, minimum retirement age increased, COLAs removed. Those reforms saved the taxpayers $130 billion over the next 30 years in the words of Chris Christie himself. There is no real downside to this. It solves the unfunded liability problem without raising taxes on anyone and without further reducing the pension benefits for the hard-working NJ public workers.

    The kicker in all this is this: Christie himself admitted that the “current” payment is completely affordable when he stated that he would make the contribution for the current employees but wouldn’t make up for the “sins of the past”. So, once we solve the “unfunded liability” problem we’re all good.

    Now….let the venom and the vitriol flow! ”

    http://www.nj.com/politics/index.ssf/2015/07/sweeney_wants_federal_loan_program_to_rescue_publi.html#incart_river

  111. The Great Pumpkin says:

    113- Meant to say, why are they for taking away a workers pension based on unfairness, but then is totally okay with income inequality(a ceo making in one year what it takes his workers to make in 400 years—-that’s an 800 year difference by year two—can you say insane?)

  112. The Great Pumpkin says:

    If a worker lives to 120 and started working at 20 years old, does a ceo really need 4 lifetimes of the worker’s compensation in one year? That’s the definition of greedy. What the hell do you need that much money for? I’m an idiot for questioning this and the impact it has on our economy/society.

  113. D-FENS says:

    Politicians stole the pensions. They’ve left nj taxpayers and state employees to fight with each other over the scraps.

    Direct your anger accordingly.

  114. The Great Pumpkin says:

    Another commentator that agrees with me. People were really getting off on the idea of workers losing their retirement. Sad. Really sad. Just because they were hired by the govt. Why would you wish harm on anyone? I don’t get it. Maybe I just really see it differently.

    “Completely agree people on here fired up solely because they want to see pensions fold. I pay a lot into federal taxes with little return on that cash. What is it 40 cents for every dollar? Might be nice to get some of that back to actually help the state out. Don’t kid yourselves folks, we are paying for this one way or another. The twisted joy you might get for a few weeks over someone losing thier retirement will be short lived.”

  115. Essex says:

    118/ People are generally insipid creatures. Most are inept and scared. Look across your corporations and institutions and see the imbeciles scrounging for anything they can get that will stave off their feelings of insignificance. Bleak present and even bleaker future for most.

  116. Essex says:

    117. The fact is that pension checks are still being paid and no one is getting shafted. It simply will not happen. At some level a bailout (or several) will occur. The simple reason being that the state is on the hook for the money. Pure and simple.

  117. D-FENS says:

    Trump Leads Nevada Poll with Overwhelming Hispanic Support
    Trump Has Commanding Overall Lead of 27.7% in Nevada Poll with 31.4% Support by Hispanics

    http://www.prnewswire.com/news-releases/trump-leads-nevada-poll-with-overwhelming-hispanic-support-300114592.html

  118. Essex says:

    122. Way too early to get too excited about anyone. Should be interesting to see Trump debate Bernie.

  119. joyce says:

    The government aid program — which Sweeney stressed would not be a bailout —

    “If it’s in the nation’s interest for the federal government to step in and keep Wall Street and General Motors afloat, it should be able to find ways to protect the pensions of middle-class teachers, police and government employees,” said Sweeney (D-Gloucester).

    ——-

    For some reason, I remember the word “bailout” being used constantly with respect to Wall Street and the auto industry… nice job reporting.

  120. Essex says:

    Christie is almost completely charmless.

  121. Libturd at home says:

    We continue to ignore the fact that what was promised is simply too expensive. Seriously, the shortfall is 90 Billion in NJ alone. There are only 9 million people in NJ. What’s $10,000 per person?

    Listen, if my boss told me that when I’m 65, my company will provide me with with Cadillac healthcare for life and 50K per year till I die, I would laugh in his face. I would question where the money to pay for this was going to come from? Yet when the public workers unions negotiated (traded votes and endorsements) with politicians that wouldn’t be around (or alive) to see it through, they just assumed the taxpayers would cover it. That seems awfully fair. Right?

    Listen, I hate to sound like CC, but even if the state was doing its part to pay these insane retirements, our services would be in the toilet. Hell, they already are, and that’s without those huge payments. We should ask the Unions themselves what should be cut to make those payments. What do you think Essex? What services do we cut? He was supposed to pay 3.1 billion of the 30 billion in state gross revenue for the pension alone. He paid 1.3 billion. Where do we get the remaining 1.8 billion from? What do we shut down. Who do we layoff?

  122. Fabius Maximus says:

    #24 Lib

    “the hatred and envy of the extreme right wingers against Americas working class is boundless
    Really? So I am not part of America(‘)s working class”

    So you’re coming out a wingnut?…:*)

  123. Essex says:

    Sounds like we should let the ingrates decide. Referendum.

  124. Comrade Nom Deplume in Meffa says:

    [126] libturd

    NJ should follow Pumpkin’s and anon’s advice and tax itself into prosperity. Oh, and lower the gas tax and tolls.

  125. Essex says:

    NJ is going to have to pay it’s bills.

  126. Comrade Nom Deplume in Meffa says:

    [127] Rory Martin

    After reading the pithy but wildly unsupportable generalizations that you and anon posit as deep thought, this latest one reminds me of a scene in Stand By Me” when Gordie pulls a gun from Chris’s bag and points it at Kiefer Sutherland who is playing a local bully named Ace:

    “Ace: What are you gonna do? Shoot us all?
    Gordie: No, Ace. Just you.”

    We don’t hate everyone who isn’t us. We just hate you.

  127. Comrade Nom Deplume in Meffa says:

    [131] sx

    Fine by me. As long as they don’t look down I-95 for a bailout.

  128. Fabius Maximus says:

    #17 (previous) D-FENS

    “Why didn’t you drive through Sussex or Warren Counties?
    Have you left those counties for dead?”

    I usually leave Sussex at a high rate of knots down Berkshire Valley Road, across 15, and down past Marylyn’s.

  129. Essex says:

    132. Illinois will have their hand out first…NJ soon.

  130. joyce says:

    “NJ is going to have to pay its bills.”

    Sounds more like a hope or wish.

    “Illinois will have their hand out first…NJ soon.”

    so is NJ going to pay, or someone else?

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