From the NYT:
New Jersey Groups Convert Empty Buildings Into Homes for Seniors
Walk the halls of the Senior Residence at St. Peter the Apostle and you can see remnants of the convent that once was.
The modestly sized rooms hold only single beds. The round-topped design of some windows hints at the stained glass that once filled their frames. The former chapel transformed quite handily into a library and sitting room. An old confessional now serves as a medicine closet.
The nonprofit organization Build With Purpose opened this boarding-home-style residence for older adults in River Edge in 2013, the first of what it hopes will be many other converted buildings like it in New Jersey.
The mission is to find shuttered buildings that can convert easily into housing for the state’s aging population. The nonprofit, based in Metuchen, is renovating another convent in Edison into a similar congregate home, and it has plans to open 100 new units of senior housing in 1,000 days, hoping to change not only former convents but also decommissioned school buildings and some of the abandoned motels that line the Jersey Shore.
“We’re looking for the kind of real estate that best lends itself to use as senior housing,” Brian Keenan, president of Build With Purpose, told The Record of Woodland Park.
Repurposing is the name this charity uses. But the strategy — also called adaptive reuse — is a trend that has recently taken hold in New Jersey, although it can sometimes face as many financing and bureaucratic hurdles as developing a vacant lot, affordable housing experts say.
In Montvale, the United Way of Bergen County is transforming a long-shuttered school into a 10-apartment building for older adults, a renovation expected to cost $1.6 million to $2 million because the classrooms are about the size needed for the one-bedroom apartments they are scheduled to become. Building from scratch could have cost more like $3 million, and “this is certainly greener,” Thomas M. Toronto, president of the organization, said.
Similarly, three Burlington County schools were converted into apartment buildings for the elderly in the past few years by an ecumenical housing organization.
Affordable housing for older adults and others with special needs remains in high demand in North Jersey, with spaces often filling up before the buildings open and waiting lists stretching several years long. Affordable housing developers often bemoan the high cost of land and the lack of centrally located open spaces that are better suited to those in need of supportive services.
Transforming schools, convents and motels makes the most sense because the original buildings are often the right size and layout to convert into housing, Mr. Keenan said.
“Our mission is to find a new purpose for abandoned properties,” he said. “The question we try to answer with every project is: How do we use real estate for social change?”
Hmm, this one would have been just as good as a headliner. From the Star Ledger:
Lil Kim now in mediation over foreclosure of Alpine mansion
Despite a spot on Sean Combs’ just-announced Bad Boy Family Reunion tour this year, hip hop’s Lil Kim is still mired in money woes, with a foreclosure looming on her Alpine mansion.
HSBC Bank first instituted foreclosure proceedings against Lil Kim in 2010, and, as foreclosures often do, it has dragged on for years. Last year, the bank asked a Bergen County judge to place Lil Kim in default. Records obtained by NJ.com show that Lil Kim and the bank are in currently in mediation, with the next meeting is scheduled for June. If Lil Kim defaults, the home will be sold at auction by the Bergen County Sheriff’s Office.
…
Lil Kim bought the home in 2002 for $2.275 million, real estate records show, but the Brooklyn native has been a longtime Bergen County resident, first moving into the Teaneck condo of former boyfriend Christopher Wallace (aka Biggie Smalls and the Notorious B.I.G.) after he was gunned down in 1997. Real estate records also show she soon bought a townhouse in Englewood for $450,000, which she sold for $785,000 in 2005, shortly before she was sentenced to a year in prison for lying to a federal grand jury about her friends’ involvement in a 2001 shooting outside a New York radio station.
Court records also show that, in addition to the foreclosure, Lil Kim, who became a first-time mom in 2014, was also hit with a $126,805 tax lien by the Internal Revenue Service last year.
There goes the neighborhood.
Here Ya go:
http://www.newyorker.com/magazine/2009/01/19/a-couple-in-chicago?intcid=mod-most-popular
…and dis…http://imgur.com/4XEEqIP
“When times are tough, new economic theories get a better hearing. Maybe some old ones, too.
The gold standard is one of the oldest ideas about money, but the hardest of hard-money hawks sense an opening to breathe new life into it. Decades ago, the amount of cash circulating in a country was often limited by the stash of bullion held in its coffers. Especially since 2008, developed-world policy has headed in the exact opposite direction, expanding the powers of central banks to stoke growth. Helicopter drops of money, potentially the next new thing, would be a giant leap further.
For those in the U.S. who see much risk and little benefit in the current course, gold is still a rallying point. And their audience may be growing.
“The fringe has become the mainstream,” said Jesse Hurwitz, a U.S. economist at Barclays Capital in New York. He sees the gold standard as a bad idea but “something we’ll increasingly talk about.”
Of course, full restoration of the system that reigned in the U.S. for a century through the 1970s is almost inconceivable. Even many gold bugs say it can’t be done, and there’s near-unanimity among economists that it shouldn’t be attempted: the U.S. would be in much worse shape, they say, with a Federal Reserve stripped of its ability to freely tinker with the money supply.”
http://www.bloomberg.com/news/articles/2016-05-17/make-america-gold-again-fed-bashing-spurs-calls-for-an-old-fix
“‘It Was Horrific’
Not all Republicans welcome the development.
The gold standard “was awful. It was horrific,” said Tony Fratto, a former Treasury and White House official in the George W. Bush administration. “It led to some of the worst economic downturns and bouts of deflation in history.”
Fratto, now a managing partner at Hamilton Place Strategies LLC, a Washington-based consulting firm for financial companies, says monetary policy is “the least well-understood” of economic disciplines — and that makes the central bank an easy target.
Those targeting it include the “Audit the Fed” movement led by Kentucky Senator Rand Paul, whose father Ron Paul has been a standard-bearer for gold. Trump and Sanders are among those who’ve endorsed the effort to scrutinize the central bank’s books.”
“George Gilder thinks gold-standard ideas are on the way back whatever the politicians do. Founder and chairman of the Gilder Technology Group and a bestselling author who helped popularize supply-side economics in the Reagan era, he says the trillions of dollars that fly around global currency markets every day are a “bizarre abuse of capitalism,” sucking vitality out of the real economy.
Apocalypse Soon?
Gilder sees hope in countries like China that are “oriented toward a gold valuation” — the Chinese are unfairly maligned for manipulating their currency, he says, when what they wanted was to do the opposite and fix its value — and in the rise of bitcoin, a digital version of gold.
Running through a lot of the gold talk is an apocalyptic strain. True believers think a crash is coming that will blow away the current consensus, leaving only their ideas standing.
Gilder sees a political backlash when negative interest rates start taking away people’s savings. Jim Rickards, chief global strategist at money manager West Shore Funds and author of “The New Case for Gold,” says the Fed and its peers have expanded their balance sheets to “the outer limit of confidence.”
Rickards helped negotiate the rescue of Long-Term Capital Management in the late 1990s and says it’s been downhill ever since. “In 1998, Wall Street bailed out a hedge fund. In 2008 the Fed bailed out Wall Street,” he said. “What’s going to happen in 2018? It’s going to be the IMF bailing out the central banks.”
He sees a chance of “close to 100 percent” that a downturn worse than the Great Recession is on the way in the next few years — and then, “you’re going to be hearing a lot more about gold.””
Big boys making their bets. Guess they are betting on the doom and gloom.
http://www.bloomberg.com/news/articles/2016-05-16/billionaire-soros-cuts-u-s-stocks-by-37-buys-gold-producer
“On a rolling twelve-month basis, this stretch marks by far the best relative performance among non-college educated workers going back to 1997.
In a note to clients, Goldman Sachs Group Inc. economist David Mericle suggested that the good times for lower-income Americans have only just dawned. “Both the official data and our tool for tracking income growth across the earnings distribution indicate that wage growth has been stronger for low-income workers recently,” he wrote. “As staggered minimum wage hikes affect a growing number of workers, low-income workers are likely to continue to see somewhat firmer wage growth in coming years.””
http://www.bloomberg.com/news/articles/2016-05-17/one-measure-of-u-s-wage-growth-just-hit-a-new-post-recession-high
Essex. Gator’s Aunt lived in the apartment in New Hyde Park above the mighty O. She said he was the real deal, but as his celebrity grew, their friendship diminished. At least that’s what my father in-law says. Of course, he’s Pavlov’s Dog to the FOX network, so who knows how much weight those comments carried.
Soros fears Trump Mania for which he did not pay to play. He bet on HER.
Can’t wait for the debates. I guarantee you it will be in the top ten of highest rated television events in its history.
May need to have Grim forecast the betting odds for presidency. Im hearing odds are almost at even money for Trump vs Clinton
Shoulda coulda been Bernie who would have eaten Trump alive based on his integrity. Instead, it’s crooked Hillary versus the inexperienced misogynist buffoon, both of whom represent the same moneyed interests. None of the above gets my vote again!
Regardless…Cemex might be a good stock to pick up.
re : “Warehousing Seniors Cheaply”
Isn’t that what Arizona and Florida are for? In some areas in those states the population over 65 if around 50%.
13. I don’t know that Bernie could win a general election especially with the monied interests very afraid of him. In any event the only thing Trump vs. Hillary is good for is it’s entertainment value. This is a good thing for comedians for sure!
bye [12];
I miss Intrade. Bovada has Hillary -275, Trump +250; with a small allowance for Sanders (+1600). That puts Hill at about 2/5 favorite. I don’t think she’s that far ahead, but I do believe she is ahead.
Trump is probably the only GOP candidate who could have give Hilly a serious chance at winning. Naturally, he will get the nomination. Dems are in fact the evil party; but there’s something to the GOP being the stupid party.
“America is hurtling towards an election that no one wants. The Democratic Party will nominate a candidate most Democrats dislike because their game is rigged. The Republican Party will nominate a candidate most Republicans dislike because their game is not.”
Why do all liberals want to move to Canada, and not Mexico, if Trump wins? Why are they so wacist?
If liberals move to Mexico, they won’t be able to scale the wall to come back.
[11] lib
Beat me to it. Soros sees a sure victory by a horse he’s backing. So what does he do? He goes short.
Short sellers and Lawyers for Clinton!!
13 Lib
No one is interested in integrity nor truthfulness
No predictions until after the nomination, unless that you want to put money on Trump completely changing his tune and becoming a moderate, which I am almost certain he will do. He will have the conservatives completely up in arms – screaming recall – you just wait.
Illegals come here for one thing–jobs.
Seize all assets of their employers and the problem will go away.
This will interfere with raw capitalism, however….
Trump strategy=path of least resistance…
He will piss all over the republicans.
Just wait.
Trump strategy=Trump really doesn’t have a strategy unless it’s listening to and then echoing the mindless drivel that comes out of the mouths of the lesser educated workers punched out for lunch in the break room. I’m just waiting for him to claim that 911 was an inside job.
Trump really doesn’t have a strategy…
Did Obama have a strategy? Oh wait, he did. It was to divide, confuse and transform.
Trump is very effective at throwing stones, it is going to be a long election and there is 174 days to go. Mark my words there will be crying before its over.
I hope Hillary Clinton drops from exhaustion before election day.
Diners, Drive-Ins and Dives (clot Edition):
An Arizona man is accused of sacrificing the family poodle in a BBQ smoker as part of atonement for his daughter’s t-shirt that “had to do with the devil.”
Patrick Zane Thompson grabbed the 17-year-old’s shirt and threw it into the fire on Saturday, according to police in Goodyear.
Witnesses told authorities that the 42-year-old also demanded a male sacrifice of his 6-year-old son, himself or the poodle, according to KPHO.
The remarks sent his family out of their home, though Thompson allegedly admitted picking up the dog, breaking its neck and strangling it.
Thompson, who was a right guard for the Arizona State Sun Devils in the 1990s and owns the food truck Raging Cajun Smoking BBQ, then put the pooch into the “lake of fire.”
He told police that he had smoked marijuana earlier on Saturday and was having an “episode.”
Officers say they found the former football player lying on the sidewalk saying that the “devil made him do it.”
lmao….so true!
Libturd questioning the gender of Hillary’s Cankle fluid. says:
May 17, 2016 at 12:07 pm
Trump strategy=Trump really doesn’t have a strategy unless it’s listening to and then echoing the mindless drivel that comes out of the mouths of the lesser educated workers punched out for lunch in the break room. I’m just waiting for him to claim that 911 was an inside job.
If Anon E. Moose dislikes Trump…that’s like a ringing endorsement for me.
Can’t make this stuff up. Pure comedy.
http://www.nj.com/hudson/index.ssf/2016/05/man_stabbed_in_jersey_city_after_finding_boyfriend.html#incart_river_home
Clot [2];
I believe that somehow even after giving up the Aline manse, Lil’ Kim will have enough scratch to slum it in a more pedestrian town like Menham or Bedminster. She won’t be sleeping in her car.
[33] pumpkin
And those are the folks that Obama and the left consider worthy of special protection AND more rights.
[31] gourd
” I’m just waiting for him to claim that 911 was an inside job.”
Again?
I’m not sure what is more disturbing. Trump hoodwinking the Republican Party in 2016 or Obama hoodwinking both parties twice (2008 and 2012).
Chi…there was a link to a much better story in that article.
Man commits lewd act in mall bathroom for over an hour, cops say
http://www.nj.com/hudson/index.ssf/2016/05/man_pleasures_himself_inside_mall_bathroom_for_ove.html#incart_article_small
indeed, many thanks Mr. President
@sarahkliff
2015 is the first year 90% of Americans have health insurance.
Thanks, Obama.
you used to be friends. but now the GOP’s broken
D-FENS says:
May 17, 2016 at 12:38 pm
If Anon E. Moose dislikes Trump…that’s like a ringing endorsement for me.
So what’s the over/under on Sinead O’Connor finally offing herself? Compared to her, Kurt Cobain looked like a beacon of mental stability.
[40] twitiot
“now the GOP’s broken”
Was never destined to last. Once meritocracy, individual responsibility, respect for the the rights of others, and rule of law went out the window, it was only a matter of time before mob rule set in.
Twitiot, please be in the vanguard of the mob. I’ve only so much ammo.
Good video that came out last month. It takes a similar position to mine; the debate over capitalism or communism is meaningless, we are heading towards a brand new economic system that will provide for the majority of the population that does not work. It’s coming, it’s only a matter of time. Human civilization is about to be revolutionized once again. Just like every other revolution to human society, we will be better for it.
Have some time, check this video out. It’s only 11 minutes long, so it gets right to the point.
“Ubiquitous, mobile supercomputing. Artificially-intelligent robots. Self-driving cars. Neuro-technological brain enhancements. Genetic editing. The evidence of dramatic change is all around us and it’s happening at exponential speed.
Previous industrial revolutions liberated humankind from animal power, made mass production possible and brought digital capabilities to billions of people. This Fourth Industrial Revolution is, however, fundamentally different. It is characterized by a range of new technologies that are fusing the physical, digital and biological worlds, impacting all disciplines, economies and industries, and even challenging ideas about what it means to be human.”
https://www.youtube.com/watch?v=khjY5LWF3tg
real political analysis in here. thanks for sharing
Juice Box says:
May 17, 2016 at 12:17 pm
Trump is very effective at throwing stones, it is going to be a long election and there is 174 days to go. Mark my words there will be crying before its over.
lol…I would think good, but logic dictates that if she hasn’t done it yet, she won’t do it. She has survived the rise to fame and the fall that comes after. Might have made her batsh!t crazy, but she didn’t take her life.
Comrade Nom Deplume, screwing around at work says:
May 17, 2016 at 1:28 pm
So what’s the over/under on Sinead O’Connor finally offing herself? Compared to her, Kurt Cobain looked like a beacon of mental stability.
My sick son has more hair than Sinead. That is all.
Just a general question…..where is this story not the lead one everywhere? I mean it cuts to the heart of why the guy is a joke……….
https://www.washingtonpost.com/news/powerpost/paloma/daily-202/2016/05/17/daily-202-failure-of-burlington-college-is-a-big-problem-for-bernie-and-jane-sanders/573a388c981b92a22d837b46/
Not trying to sound like a Bernie sympathizer, but we are not electing a first lady. Does your wife affect any decisions you make at work? Mine doesn’t. I would agree with you if you said that Bernie has hardly any experience beyond playing the contrarian for pretty much his entire life, but dumb ass decisions his wife made really doesn’t matter. It actually wreaks more of a hit piece than anything. It’s not like Bernie was caught cheating on her every two seconds. Could you imagine judging Trump by Ivana’s business decisions?
Truth is, Bernie’s a big hippie. Hopefully, four year’s from now, someone a little more centrist will run a similar campaign not beholden to special interests or lobbyists.
Can I found any other information about this subject in different languages?
39-
Anon (the brain-washed one)
So you admit it, over 30 million are without health insurance. Isn’t that where we were before we flushed billions of dollars down the toilet?
Why this site don’t have different languages?
And speaking of Obamacare, as someone looking down the barrel of what will probably be 2 million dollars worth of bills, I can unequivocally say that Obamacare helps no one except those who did not have preexisting conditions. Illegals always had free healthcare. Now we made it even easier.
Bernie was a house husband into his 40’s until he finally realized that his strident bullsh!tting was sufficient to create a political career out of it…..
Libturd questioning the gender of Hillary’s Cankle fluid. says:
May 17, 2016 at 2:45 pm
Not trying to sound like a Bernie sympathizer, but we are not electing a first lady. Does your wife affect any decisions you make at work? Mine doesn’t. I would agree with you if you said that Bernie has hardly any experience beyond playing the contrarian for pretty much his entire life, but dumb ass decisions his wife made really doesn’t matter. It actually wreaks more of a hit piece than anything. It’s not like Bernie was caught cheating on her every two seconds. Could you imagine judging Trump by Ivana’s business decisions?
“……..Jane first met Sanders when he was elected as the mayor of Burlington, Vermont and the pair have remained a political force for the last three decades. In fact, Jane is considered by many to be her husband’s most consistent advisor. Bernie told The New York Times in 1996:
Obviously Jane has played an important role in the congressional office. Yes, she is a soulmate, a sounding board……..”
Ok. You win. I can still think of worse things than an ill advised purchase. Heck, Trump practically made an art form out of bankruptcy. Perhaps he should consider Jane as a running mate?
http://spectator.org/65498_bernie-sanders-didnt-make-paycheck-until-he-turned-40/
Wow, MMT is going mainstream! Trump has my vote. At least he understands United States debt and why it’s nothing to be afraid of. How long was I stating this on this blog, and it’s now going mainstream. Old school economics is done, it’s time for the economics to take some evolutionary/revolutionary steps to get with the modern times.
“For all the personality flaws the press loves to dwell on, the presumptive Republican nominee understands more about real world finance than all the deficit hawk politicians in both parties put together.
As he clarified his remarks about consolidating U.S. debt by buying back bonds at a discount when interest rates rise, he was setting the record straight on those who thought he meant to renege on the debt and effectively default.
Not at all, Trump said last week. And then he dropped another bombshell in explaining why that’s not even possible.
“This is the United States government,” Trump said on CNN. “First of all, you never have to default because you print the money, I hate to tell you, OK?”
Bingo. With a stroke, Trump demolished decades of homage by many economists and virtually all politicians to the straitjacket of a monetarist dogma that ignores the realities of present-day finance.
In fact, intentionally or not, Trump embraced a radical view of money and debt advanced by economists like James Galbraith, professor at the University of Texas and son of the legendary economist and presidential adviser John Kenneth Galbraith.
That view, known as modern monetary theory (MMT), holds that governments that control their own currency can print money without risk of inflation unless full employment creates excess demand because it is no longer tied to gold or some other measure of value.
“This is a Nixon-goes-to-China moment,” Randy Wray, a leading MMT exponent at Bard College in New York, told Bloomberg, hailing Trump as “a Republican far to the left of the Democratic party apparatus who wants to promote rising living standards of Americans.” (President Nixon’s 1972 trip to China represented a major breakthrough in relations because of his past as a fervent anti-Communist crusader.)
Along with all his controversial views on immigration, terrorism, and trade, Trump is bringing a new perspective to public finance and to financial regulation based on his first-hand experience of dealing with real financial issues around the world”
Check out this article from USA TODAY:
‘Loose cannon’ Trump may take aim at Wall Street
http://usat.ly/1TlGucz
“Economic blogger Mike Norman, another advocate of MMT, said “in one comment he has done more to advance the discussion and expose the truth than what any of us have done in over a decade.””
He truly does understand U.S. debt.
“As he clarified his remarks about consolidating U.S. debt by buying back bonds at a discount when interest rates rise, he was setting the record straight on those who thought he meant to renege on the debt and effectively default.
Not at all, Trump said last week. And then he dropped another bombshell in explaining why that’s not even possible.
“This is the United States government,” Trump said on CNN. “First of all, you never have to default because you print the money, I hate to tell you, OK?””
[44] twitiot
“real political analysis in here. thanks for sharing”
Beats the hell out of a retweet.
[43] pumps
“a brand new economic system that will provide for the majority of the population that does not work.”
Believe me when I tell you that I am preparing for that day. If not for me, then for my kids. When they’re old enough, I will teach them how to sponge off the system.
If you can’t be the maker, be the taker.
Mike Norman predictions
https://m.youtube.com/watch?v=1G0tfb8ZefA
Pumkin come on baby!
Everyone knows it. However, the “boogeyman” of the debt is used as the carrot & stick to scare the J6P minds to advance a corporatist/neo-liberal or whatever you want to call a plutocratic mindset ideology of the day.
Nothing speaks more to the true belief about it than the bank bail-outs and the multiple QEs from the crowd that pre-crisis only talked about the debt “boogeyman”. It was also seen in the Iraq War spending.
Remember when it’s their behind on the line, debt be forgotten. But anybody else ” debt” is a four letter nasty word.
#58
Bingo. With a stroke, Trump demolished decades of homage by many economists and virtually all politicians to the straitjacket of a monetarist dogma that ignores the realities of present-day finance.
Pumps it’s all theoretical models, but at the end of the day those models all crumble as soon as confidence does. In other words it is a confidence game whether it is paper, gold or plutonium.
GOSSIP : Cape Charles Wave
Or tulips. Totally agree.
Juice Box says:
May 17, 2016 at 7:04 pm
Pumps it’s all theoretical models, but at the end of the day those models all crumble as soon as confidence does. In other words it is a confidence game whether it is paper, gold or plutonium.
The Democratic Party is broken
http://letstalknevada.com/convention-catastrophe-part-ii-election-2016-special-report/
I like your style. Always good posts by the “not.”
Agree with your post. It’s used as a means to push an agenda. Scare the crap out of you, but at the end of the day, did all that jumping and screaming for nothing. Shut our govt down on some bs debt talk. Almost as bad as the public bathroom becoming a political issue.
Not the Pumkinator says:
May 17, 2016 at 5:30 pm
Pumkin come on baby!
Everyone knows it. However, the “boogeyman” of the debt is used as the carrot & stick to scare the J6P minds to advance a corporatist/neo-liberal or whatever you want to call a plutocratic mindset ideology of the day.
Nothing speaks more to the true belief about it than the bank bail-outs and the multiple QEs from the crowd that pre-crisis only talked about the debt “boogeyman”. It was also seen in the Iraq War spending.
Remember when it’s their behind on the line, debt be forgotten. But anybody else ” debt” is a four letter nasty word.
#58
Bingo. With a stroke, Trump demolished decades of homage by many economists and virtually all politicians to the straitjacket of a monetarist dogma that ignores the realities of present-day finance.
chi (30)-
Sounds reasonable to me.
“Witnesses told authorities that the 42-year-old also demanded a male sacrifice of his 6-year-old son, himself or the poodle, according to KPHO.”
chi (30)-
PCP-laced choom, I suspect.
“He told police that he had smoked marijuana earlier on Saturday and was having an “episode.”
moose (34)-
If the bitch comes to Bedminster, she’ll have a traffic ticket every time she drives out of her cul-de-sac. DWB is big there.
“I believe that somehow even after giving up the Aline manse, Lil’ Kim will have enough scratch to slum it in a more pedestrian town like Menham or Bedminster. She won’t be sleeping in her car.”
Have we exhausted the dick transplant topic?
Lib 10 – My dad makes sh*t up. The Obamas did move out of the Hyde Park apartment, but only after he was elected to the Senate and made a mint off of his book. They bought the house that I am pretty sure they still own today. And I remember my cousin said something about the how sweet the Obama girls were and how they said their new house was “too big” when they said their goodbyes.
My cousin , who passed away last year, was an awesome lady who was a talented artist who went back to school and got a PhD in pharmacology after helping put her husband through school and raising her kids. Here’s a little snippet from her 15 minutes of fame 20 years ago.
http://articles.chicagotribune.com/1995-10-20/news/9510200218_1_rational-expectations-million-prize-pulitzer-prize
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