The office building is dead, long live industrial and warehouse

From the Record:

N.J. industrial vacancy rate hits record lows

As consumers increasingly shop online, the stuff they buy is filling up New Jersey warehouses, pushing industrial vacancy rates to historic lows, Cushman & Wakefield reported Monday.

The vacancy rate for northern and central New Jersey fell to 5 percent in the second quarter, and asking rents reached their highest levels since 2000, Cushman & Wakefield reported. The average asking rate for warehouse space was $6.55 a square foot, up more than 26 percent over the past three years.

Rental activity was most robust in the Meadowlands and at Exit 8A of the New Jersey Turnpike, according to Jason Price, Cushman & Wakefield’s research director for the tri-state suburbs.

Online sales are the main engine driving the demand for warehouse space.

“As quality industrial space in northern and central New Jersey dissipates, demand is anticipated to remain robust through the second half of the year,” said Andrew Judd, Cushman & Wakefield’s New Jersey market leader.

Areas around Port Newark/Elizabeth command the highest asking rents for warehouse space. The largest amount of space leased during the quarter was at Exit 8A, with 2.8 million square feet of leases. The Meadowlands recorded 1.5 million square feet of leases.

Bergen County posted a 6.6 percent vacancy rate and average rent of $7.19 for warehouse space. Passaic had a 5.4 percent industrial vacancy rate and average warehouse rent of $6.35.

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

169 Responses to The office building is dead, long live industrial and warehouse

  1. D-FENS says:

    I switched to an electric razor years ago.

  2. GOP's & Competition broken (the good one) says:

    1. read the story this morning. before we get into the news of the day, what you think about it? no way to ever compete vs the intl conglomerate. global monopoly

  3. grim says:

    3 – What is shocking to me is that Dollar Shave Club was not profitable. That is absurd for what is nothing more than a basic pick-pack-ship operation with some creative marketing. How they were blowing nearly $200 million in revenue, and not even using it to pay down their debt, is a shocker.

    100% of the value of the company was the creative/marketing/brand, everything else is a basic fulfillment operation.

    I think this is a bad investment for Unilever. A large corporate conglomerate would never agree to the kind of crass potty marketing that made DSC appealing.

    I’m sure there was an exec that saw too many of the new Old Spice advertising campaigns and thought to himself, P&G is killing us with this, we need something new and aggressive.

    It will fall apart once the executives dilute down the brand. To give you an idea of their mindset, these guys own Axe as well, and I imagine that’s the direction they take this.

  4. grim says:

    Having spent nearly a decade in this kind of business (Auto-ship, replenishment, continuity order) – I will say this, every company follows the same lifecycle.

    Initial success, easy to attract new customers.

    Level off as attracting new customers becomes more difficult.

    Join incentives become higher – you usually see gifts/premiums associated with joining. The gifts/premium value is in excess of the customer order price. This is to attempt to keep the rate of new members high.

    Strategic shift to win back existing customers, again with premiums and gifts, discounts, etc, as it’s clear that the new member volume can not be sustained.

    And it falls apart.

    The model is essentially this, the acquisition and joining cost is greater than the revenue associated with the initial order. A customer needs to stay around, for 3-5 auto-shipments, to hit profitability. If someone cancels the membership earlier, they are a net loss to the company, if someone stays a long time, they are a cash cow.

    But, you can see how easy it is to burn through your customer base, as it’s very easy to entice someone to try once, but if they cancel, it’s very costly to get them back.

  5. I guess its just a matter of time before these guys get bought out too:
    https://www.dollarbeardclub.com

    grim says:
    July 20, 2016 at 6:24 am
    Holy christ almighty…

    http://www.marketwatch.com/story/unilever-buys-dollar-shave-club-for-1-billion-2016-07-20

  6. grim says:

    Every once in a while you get an incredible outlier that is able to run the model for many many years.

    We were able to run a direct-to-consumer coffee company (you probably have a coffee pot at home from them) for nearly 15 years, that was a widely profitable operation, at the peak we were doing close to 50,000-75,000 shipments a week – come holidays time, we would ship nearly a quarter million in a two or three week period, in addition to the usual volume. You’ve seen the stupid commercials, I’m sure.

    One we didn’t run, but were close with – who everyone knows, – Proactiv (Guthy Renker) – probably the most successful non-media auto-ship program of all time.

    Romance book clubs, kid book clubs, publishers clearing house knickknacks, pantyhose, educational materials, videos, cds, etc. We ran them all. You get a Highlights for Children or Scholastic Book Club monthly order in the past 20 years? That was us. I think I wrote every invoice copy and collection letter for Puzzlemania ever printed. Tai Bo? Yep.

    We shut down that business about 8 years ago. Who knew? If we kept it up and running we’d probably be the biggest player in the space. It died with direct mail as a business, most of the auto-ship companies couldn’t compete with the internet. FTC was cracking down, negative option became basically illegal as a model. Fraud was through the roof. PCI was making it expensive for everyone to take credit cards. Nobody had figured out the special sauce to make it work. Now? Seems like everyone has an auto-ship scheme.

    The most important thing to realize about the success of any of these auto-ship companies. 80% of their success has to do with their customers being too lazy to cancel their memberships, and continue to receive product every month regardless. This is very similar to the model used by successful gyms. Profit isn’t made by members who show up, it’s made by the members who don’t.

  7. grim says:

    So all he gets is the minimum? Why was this not tried Federally as a hate crime?

    They took pictures of the assault, but pleaded not guilty? NOT GUILTY?

  8. Now think about how profitable the life insurance business is because it ups this model to health club levels (auto-bill, ship nothing). Any insurance company is really a bank that needn’t generate any returns to stay profitable. Like a bank they take deposits, lend them out for a return, and honor withdrawals (grudgingly). The main difference is that banks know the names of those who will withdraw funds whereas the insurance companies only know the aggregate amounts (from actuarial tables), not the names. About 20 years, when we had actual interest on deposits, banks paid out $1.01 for every $1.00 on deposit. Insurance companies paid out $0.86 for every $1 on deposit. Wouldn’t you love to own a business where you knew you knew you could just skim 14% off the top of every dollar of sales and use it to pay yourselves, your employees, and your investors without ever having to ship any product?

    The model is essentially this, the acquisition and joining cost is greater than the revenue associated with the initial order. A customer needs to stay around, for 3-5 auto-shipments, to hit profitability. If someone cancels the membership earlier, they are a net loss to the company, if someone stays a long time, they are a cash cow.

  9. grim says:

    The best businesses are ones who are nothing more than toll takers. I think Chi told me that one.

  10. grim says:

    Heading downtown this morning for meetings, anyone around?

  11. GOP's & shaving broken (the good one) says:

    disagree.you looking it wrong way
    shaving generates billions of net income.impossible to get into any retailer as distributionmarket is cornered by big guys. on-line only way to disrupt. dollar shave disruptor just as wabbyparker vs luxotica or Casper vs a couple big guys. making dough is irrelevant- unilever now controls only other way to disrupt it. billion bucks is cheap price to survive

    grim says:
    July 20, 2016 at 7:00 am
    3 – What is shocking to me is that Dollar Shave Club was not profitable. That is absurd for what is nothing more than a basic pick-pack-ship operation with some creative marketing. How they were blowing nearly $200 million in revenue, and not even using it to pay down their debt, is a shocker.

    100% of the value of the company was the creative/marketing/brand, everything else is a basic fulfillment operation.

    I think this is a bad investment for Unilever. A large corporate conglomerate would never agree to the kind of crass potty marketing that made DSC appealing.

    I’m sure there was an exec that saw too many of the new Old Spice advertising campaigns and thought to himself, P&G is killing us with this, we need something new and aggressive.

    It will fall apart once the executives dilute down the brand. To give you an idea of their mindset, these guys own Axe as well, and I imagine that’s the direction they take this.

  12. zero dollar underwear club – Sometime about 14 years ago I bought my wife something at Victoria’s Secret and they asked me if I wanted to join their club. IIRC, I filled out nothing, they just swiped my Driver’s License (I guess people wouldn’t be into that these days) and that was it. Ever since then they send my wife coupons for free underwear on her birthday, and maybe one other time a year. Free bottoms, and usually a coupon off for tops (don’t want to get into the blacklist by calling the articles by the common names). My wife just drops by and collects her bottoms.

  13. GOP's Convention broken (the good one) says:

    @jbarro

    Republicans are going to have
    “remember when you said Donald Trump should be president?”
    thrown in their faces for the rest of their lives.

  14. grim says:

    13 – No, I’m pretty sure I know the business. If DSC was not able to hit profitability in the first three years of operation, with nearly 200 million in revenue in the third year, and a forecast 250 million in the 4th, they were not long for this world.

    This is a pure commodity industry, despite the differentiation the manufacturers are pushing you to believe exists at the grocery racks. I feel that DSC would have failed and gone out of business, as they exhausted their customer base as their marketing novelty wore off.

    Could they have transitioned to a model like powerhouse Guthy Renker? Possibly, but only if they moved into heavy infomercial, print, and buckslip rotation. If they were already burning 200 million to keep the doors open, I have no idea how they could be able to afford the marketing required to transition.

    The rest of the market participants are laughing by the move, because they get the benefit without any of the cost.

  15. I don’t think that’s the case because they needed to source their own (Chinese?) manufacturing. IIRC, the business started when a guy was talking to his FIL about the cost of razor blades and the FIL knew how to get the stainless steel blade portion manufactured in China. If you recall, at the beginning you ordered by which handle you used and then, I’m guessing, that created legal problems so they started shipping their own handles.

    100% of the value of the company was the creative/marketing/brand, everything else is a basic fulfillment operation.

  16. GOP's Convention broken (the good one) says:

    Bullspit- they don’t sell XXX-large sizes

    The Original NJ ExPat says:
    July 20, 2016 at 8:00 am
    zero dollar underwear club – Sometime about 14 years ago I bought my wife something at Victoria’s Secret and they asked me if I wanted to join their club. IIRC, I filled out nothing, they just swiped my Driver’s License (I guess people wouldn’t be into that these days) and that was it. Ever since then they send my wife coupons for free underwear on her birthday, and maybe one other time a year. Free bottoms, and usually a coupon off for tops (don’t want to get into the blacklist by calling the articles by the common names). My wife just drops by and collects her bottoms.

  17. grim says:

    Just look at their website, and look at what I said above.

    They’ve already transitioned into stage 2 or 3 of the model, where they need to start offering free items with the first shipment to entice customers to join. Free handle, free shave cream.

    Anyone here ever join and cancel? I bet you that you are already getting winback emails with free gift offers to re-join the membership.

    Like I said, if they couldn’t build profitability in the early stages, when IT IS INCREDIBLY EASY TO GROW CUSTOMER BASE, they will NEVER HIT IT in year 4 or 5.

    I could list out nearly 50 similar approaches that I’ve worked on, all failures.

  18. grim says:

    $3 for 2 blades every month? Even if you had a million monthly customers, you are talking only $36 million in sales. There is nearly zero profitability on a $3 sale, once you factor in labor, warehousing, product, customer service, fraud, chargebacks, interchange fees, reships/damage items, etc. The margins are so thin that if there is any issue with an order, you lose money. Not received, late shipment, customer emails, customer calls, damaged in shipment, customer unsatisfied, etc etc. Any possible issue, results in an order that wouldn’t have been more profitable to not have taken at all.

    The top package, $9 a month for 4 cartridges? All I need to do is clip a coupon and I can get just as good a deal at Shop Rite.

    Their operation was located in Venice, California? Yeah right, you’d have a hard time doing this profitably in Columbus, Ohio.

    They were not long for this world, despite the clever ads. There are probably a dozen competitors in the works, being run by people who are shrewd about fulfillment and this business, that could undercut them a million ways to Sunday.

    Not to mention, being the cheap play only works as long as you can continue to be the cheap play. Once you get undercut, you are done.

  19. GOP's Convention broken (the good one) says:

    i get what you are saying about dsc. i guess the lesson here isthat on-line isn’t a disruptor for the everything
    wish there was a way not to support unilever

  20. grim says:

    You know how you make this profitable? You have the product manufactured, and packaged for shipping, including labels, in China. You receive the containers of ready-to-ship items in Port Los Angeles, sorted by BMC, and immediately truck them to the appropriate USPS BMCs. Maintain no warehouses in US, maintain no physical fulfillment operations in US.

    If someone cancels the membership in the time it takes for the boat to arrive, let them know they can have it for free, on the house, compliments of Occam’s Razor. Anyone have any issue at all? Immediately refund them. Not a single customer service person. Issue with your order, we don’t care, here, it’s free.

  21. [18] Have you contacted customer service to see if they can accommodate you with some other product or model?

    Bullspit- they don’t sell XXX-large sizes

  22. 1987 Condo says:

    #20…ToughBlade has Brett Favre doing commercials, Gillete has their own “shave club”..that is just ads on CNBC.

  23. 1987 Condo says:

    #10..I think there are quite a few businesses that have greater than 14% gross margins…

  24. 3b says:

    Office space isn’t dead in Manhattan. Or at least they are still building them!

  25. I buy generic blades for my Mach 3 from Harmon or online. I can get 10 cartridges for 2 dollars shipped if I don’t go brick and mortar. They are not quite as good the genuine article, but if they are 1/20th as good, I come out ahead. And they are about half as good (shave the same, but blades don’t last for as many shaves).

  26. Yeah, but they don’t employ more people than the post office.

    #10..I think there are quite a few businesses that have greater than 14% gross margins…

  27. P/C insurance employees 527,900
    life/annuity employees 361,900
    health ins. employees 517,100
    Agent Broker 734,000
    Insurance admin 179,900
    Reinsurance 50,800

    Total Insurance employees: 2,371.600 employees
    Total Post Office employees: 491,863 employees

    http://www.iii.org/presentation/insurance-industry-employment-trends-1990-2015-june-2015-081215

    https://about.usps.com/who-we-are/postal-history/employees-since-1926.pdf

  28. So on a daily basis do you think you get more/better service from the Post Office or the 5 times as many employees that handle all matters insurance for you?

  29. Ottoman says:

    My Jenna Jameson hot trimmer is still going strong after 14 years, tho the chile pepper stencil doesn’t read as crisply as it used to.

  30. Ottoman says:

    Because people with lady parts are intellectually inferior…. Duly noted.

    Libturd questioning the gender of Hillary’s Cankle fluid. says:
    July 20, 2016 at 9:51 am
    I wonder what Anon uses to shave his vag1na?

  31. If you could lay insurance employees head to toe across the country you would easily reach coast to coast.

  32. A John Deere product, I would imagine.

    I wonder what Anon uses to shave his vag1na?

  33. 1987 Condo says:

    I have an Actuarial Degree from the College of Insurance (now St. Johns School of Risk Management) and sell Benefits administration solutions…we probably are not going to agree on the value of insurance in the economy.

  34. [36] It’s the largest industry in the world, it must have some value.

  35. Grim says:

    Man I love the ferry ride into world trade from Hoboken – forgot how much I love this trip.

    Making me feel all Punkin about this being the greatest place on earth.

  36. No One says:

    Anon needs a pressure washer to blow the sand out of his vag1na.

  37. 3b says:

    38 take a stroll through Brookfield place the new destination downtown! And the wtc transportation center! I might run into you!!

  38. Grim says:

    Grabbing a coffee in Brookfield, nice digs this mall. Got in early to stroll around since its been a while down here. Really nice job they did. I’ll be over at 3 wfc.

  39. Comrade Nom Deplume, screwing around at work says:

    [33] footrest

    “Because people with lady parts are intellectually inferior…. Duly noted.”

    Especially the person with your lady parts. Note that.

  40. grim says:

    Lady parts? Nah. But given the recent actions by Hillary and Melania, you might think hair color was a factor.

  41. 3b says:

    41grim yes. Did a great job. Address is longer 3wfc. I believe that is now 250 Liberty street. If you get a chance head over to 200 Liberty going south from where you are than cross over to liberty park. Just opened beginning of July. It’s elevated. Nice job on this too!

  42. Grim says:

    Yeah 200 or 250 Vesey or something, the Amex/old Lehman building.

    Did they change the street name too?

  43. Essex says:

    Bill Clinton… a man living out his karmic purgatory.

    …first Lady…

  44. D-FENS says:

    So we have punkin who has devolved into a racist and Otto who is now prejudiced against transgendered people? Man there are some sickos on the internet for sure.

    Ottoman says:
    July 20, 2016 at 10:07 am
    Because people with lady parts are intellectually inferior…. Duly noted.

  45. [47] Plumpkin was always a racist, he just pays more attention to convincing himself that his house on a highway was a good buy.

  46. Comrade Nom Deplume, the Deplumiest. says:
  47. Comrade Nom Deplume, screwing around at work says:

    On way over to NJ this morning, I saw a billboard on I-95 that looked like a piece of notepaper with cursive on it that said “Hillary, We’ve got your back. [heart], The Media.”

    I expect some flak about that. If liberals were able to successfully force down the one in Indiana that read “Hate Cops? Next time, Call a Crackhead”, then this one won’t be there when I drive by next.

  48. Trump Staffer claims blame for plagiarism and resigns. Trump does not accept resignation:

    http://wtkr.com/2016/07/20/trump-aide-offers-resignation-in-melania-trump-plagiarism-incident/

  49. The Great Pumpkin says:

    I’m a racist? Give me a break. Sorry that I question the culture of poor African Americans(no problem with the one’s in a traditional family that take care of their kids) . The choices they encourage and make in that demographic are insane. I will never support a culture that doesn’t respect the “family structure” that needs to be in place in order to support the children of tomorrow. If that makes me a racist so be it. I know this doesn’t apply to all, but I’m focused on the majority that don’t seem to get it.

    Why is it when you acknowledge the accomplishments of white western civilization in the past 600 years, you become a racist? That’s just crazy. So I can celebrate the accomplishments of other cultures, but not white western civilization…..I get it.

    I’m not a racist, I think you have it confused with “class.”

    D-FENS says:
    July 20, 2016 at 12:18 pm
    So we have punkin who has devolved into a racist and Otto who is now prejudiced against transgendered people? Man there are some sickos on the internet for sure.

  50. Juice Box digging his own grave says:

    Pumps – check your privilege already. You were born with an evolutionary behavioral tendency to have biases and prejudices. To say otherwise is a lie.

  51. Comrade Nom Deplume, screwing around at work says:

    [52] pumps

    If you’re white, you’re a racist. This cannot be purged easily. To do so, you must a) renounce and disclaim all your worldly wealth and b) die.

    Since I cannot purge my whiteness, and cannot purge the accusations of racism no matter how I conduct my life, I have no interest in trying.

    It’s a label. But, invoking the right of transgenders and whites like Rachel Dolezal, I declare myself to be nonwhite.

    There, problem solved.

  52. Comrade Nom Deplume, no longer white. says:

    My Life Matters.

    Yours doesn’t.

    Since I’m no longer white, I get to say that now.

  53. The Great Pumpkin says:

    Funny, guess this only impacts white males.

    No one else seems to be racist when they call out whites on a regular basis. I get it. Equal, but not equal if you are white and the ancestor of some slave owner. People make it seem as if every white male owned a slave which is just straight up bs. The whole movement of blaming skin color for your problems in 2016 is a joke.

    Just one question, if blacklivesmatter, why do they allow their own children to drop out of school and not get an education? That’s more harm to that black life than any racist white could ever bring to that individual!! (I better stop, calling them out makes me racist. Better off letting them blame their skin color for their problems.)

    They fought a whole civil rights movement on the basis of getting an education, and then when they get it, they piss on their education by destroying their neighborhood schools in which a lot of white people dumped money into to help them. Damn racist whites trying their best to help people they supposedly hate.

    This whole racial movement makes me sick. So a$$ backwards, I don’t even know where to start.

    Juice Box digging his own grave says:
    July 20, 2016 at 1:13 pm
    Pumps – check your privilege already. You were born with an evolutionary behavioral tendency to have biases and prejudices. To say otherwise is a lie.

  54. The Great Pumpkin says:

    54- Perfectly stated. That’s my problem. Every white male is considered racist for one simple reason.. they were born white, and therefore, they are 100% racist.

    Most racist stuff I ever heard….. Just because you were born white, you are now 100% a racist.

    So now any negative comment you make about another culture or race, is automatically summed up to racism. That’s exactly what’s been happening to me on this blog.

  55. Comrade Nom Deplume, no longer white. says:

    I think if we all self-identify as nonwhite, then this will cause paroxysms of rage and confusion in DC and the entire black identity complex.

  56. The Great Pumpkin says:

    Just lost my vote.  

    Refuse to vote for another “Christie” scapegoating teachers as a way to secure votes and POWER. Leave the teachers alone already and stop blaming them for everything. When is there going to be a politician with balls that goes after the real problem in education, “parenting.” Guess it’s political suicide to go after bad parents. Basically, you are blaming the majority of the population which won’t get you votes or power.

    http://m.dailykos.com/story/2016/7/19/1550019/-Donald-Trump-Jr-Attacks-Teachers-in-Convention-Speech

  57. Comrade Nom Deplume, no longer white. says:

    You can self identify. Imagine if everyone did and didn’t check white/caucasian.

    https://www.linkedin.com/pulse/when-employee-lies-race-theres-easy-solution-molly-moseley

  58. Yes. anon has no worries.

    Funny, guess this only impacts white males.

  59. Comrade Nom Deplume, no longer white. says:

    I predicted some time back that we’d see a return to soft quotas and other games to shake the race-baiting SJWs in government and elsewhere off the scent.

    We already see jobseekers and college applicants lie about race, and I postulate that some businesses are padding their race stats using the optional racial declaration given to applicants and new hires. If an applicant doesn’t fill one out, simply insert a form with their info listing their race to best correspond to what you want to portray (e.g., designate all the rejects as white and designate the white hires as hispanic or indian). If a new hire doesn’t complete one, do it for him or her. In fact, you can now do this for gender.

    Another of my predictions was that we’d see cops pulling over more white drivers just to pad statistics. In fact, a version of that is already taking place.

    http://kxan.com/investigative-story/texas-troopers-ticketing-hispanics-motorists-as-white/

    What would be helpful is when “white quota” day comes around, it is broadly disseminated so we can all be careful on the roads.

  60. walking bye says:

    grim, I was going to say that Pro Active but saw you mentioned it. They seem to have hit pay dirt as people (women) will spend insane amounts on their face. Have you ever seen your wife’s salon bill? Color Cut and blow out can easily reach $150-200 plus tip. Another successful mail order market is Cindy Crawfords face cream, one which I forget.

    As an aside I tried a hipster barbar the other day, $30 buck plus tip for a cut, their rates also had a beard trim and cut for $50. All that and no playboy magazine rack.

  61. Comrade Nom Deplume, no longer white. says:

    I discussed this with the wife. She was initially resistant but now agrees that, going forward, we and our girls are going to be declared as “other” and if her ancestry search bears out what her family says is true, my wife and girls can declare themselves “american indian.”

  62. Comrade Nom Deplume, no longer white. says:

    Define Irony: Something I heard on the radio this morning and was like “what?”

    Roger Ailes was instrumental in the creation of MSNBC.

    That should put anon’s panties in a twist of Gordian proportions.

    http://www.imdb.com/name/nm0014614/bio

  63. joyce says:

    This is not a version of that.

    Comrade Nom Deplume, no longer white. says:
    July 20, 2016 at 2:31 pm

    Another of my predictions was that we’d see cops pulling over more white drivers just to pad statistics. In fact, a version of that is already taking place.

    http://kxan.com/investigative-story/texas-troopers-ticketing-hispanics-motorists-as-white/

  64. A Home Buyer says:

    Surprised no one posted this earlier.

    https://www.thetruthaboutguns.com/2016/07/robert-farago/breaking-massachusetts-attorney-general-bans-new-ar-15-sales/

    Mass. just made all versions of the AR and AK illegal. They can no longer be “striped” down to legal versions. If it can accept a part a banned AR rifle can accept it is now being pulled from shelves. Guilt by association basically.

  65. 3b says:

    59 and how exactly do we fix the parenting problem. And wait until you see what passes for education these days even in the so called good schools. You will learn grasshopper.

  66. leftwing says:

    DSC:

    I’m out of my league on DTC, certainly compared with people who have been in it, but I don’t think the exact product or that model was the rationale.

    On any basis this acquisition for Unilever is not material, ie. revenue, value are all less than 3% of Unilever consolidated.

    Is the price in the absolute high relatively? Maybe, but again a rounding error for Unilever.

    I think the rationale of this de minimis purchase has more to do with the high quality data about the online activities of several million male personal care internet shoppers. And a little about having the fulfillment infrastructure for internet sales. For Unilever to replicate these items from scratch would take 12+ months, a fair amount of expenditure, new hires, and some trial and error. Easier to write a check and bring it in-house immediately.

    Over holiday I just read “Choas Monkeys” by AG Martinez. A lot of different spins on this book (mudslinging at Facebook, failed entrepreneur seeking vindication, etc). What stuck out for me was the value of our data to internet marketers, and what and how they pay for it.

    This deal alone for Unilever makes sense in that regard. I can’t imagine the cost to them of acquiring (for themselves) 3+ million highly screened internet personal care customers with specific identifying details attached, if it’s even possible. The ad cost would be astronomical, and that is just shooting in the dark, without any access by Unilever of the underlying internet users’ names and other identifying details. Unilever is at $8B of ad spend, only 25% digital (other brands can be as high as 50%). This acquisition has more to do with efficient ad budget spend and internet fulfillment than the product or profitability.

  67. Comrade Nom Deplume, no longer white. says:

    [66] Joyce,

    I disagree. Whether you pull over more whites or designate those you pull over as white, either way you are padding your statistics.

    You can parse the methods, say apples and oranges, etc., but that would be a distinction without a difference.

  68. joyce says:

    The U.S. Department of Justice filed a civil lawsuit Wednesday attempting to seize $1 billion of those assets — the amount that went through American banks.
    U.S. Attorney General Loretta Lynch said the federal government is not yet ready to bring criminal charges against the financiers. Instead, prosecutors want to seize assets as soon as possible.
    http://money.cnn.com/2016/07/20/news/wolf-of-wall-street-malaysia-1mdb/index.html?iid=hp-stack-dom

  69. joyce says:

    If, and I mean, the cops are intentionally pulling over minorities and then checking the box that they are white… is not the same as pulling over more white people.

    Comrade Nom Deplume, no longer white. says:
    July 20, 2016 at 4:42 pm
    [66] Joyce,

    I disagree. Whether you pull over more whites or designate those you pull over as white, either way you are padding your statistics.

    You can parse the methods, say apples and oranges, etc., but that would be a distinction without a difference.

  70. Grim says:

    How about we just eliminate the entirety of non-moving violations from the code, or at least prohibit those citations from being issued except in conjunction with a moving violation?

    Eliminate the stop entirely, especially if it’s disproportionate.

  71. Comrade Nom Deplume, the Deplumiest. says:

    [72] Joyce

    Geez, parsing. You want precision drafting, pay me.

  72. Liar, liar, pants suit on fire.

  73. GOP's convention broken (the good one) says:

    Pole dancing that competitive?

    longer white. says:
    July 20, 2016 at 2:34 pm
    I discussed this with the wife. She was initially resistant but now agrees that, going forward, we and our girls are going to be declared as “other” and if her ancestry search bears out what her family says is true, my wife and girls can declare themselves “american indian.”

  74. GOP's Convention broken (the good one) says:

    @SteveRattner

    Only 18 of 2,472 delegates at #gopconvention  are black

    – possibly lowest number in a century

  75. It’s actually 1.8, doofus.

    Only 18 of 2,472 delegates at #gopconvention are black

    – possibly lowest number in a century

  76. Ironic
    A group of adventurers, sailors, pilots and climate scientists that recently started a journey around the North Pole in an effort to show the lack of ice, has been blocked from further travels by ice.

    The Polar Ocean Challenge is taking a two month journey that will see them go from Bristol, Alaska, to Norway, then to Russia through the North East passage, back to Alaska through the North West passage, to Greenland and then ultimately back to Bristol. Their objective, as laid out by their website, was to demonstrate “that the Arctic sea ice coverage shrinks back so far now in the summer months that sea that was permanently locked up now can allow passage through.

    There has been one small hiccup thus-far though: they are currently stuck in Murmansk, Russia because there is too much ice blocking the North East passage the team said didn’t exist in summer months, according to Real Climate Science.
    Real Climate Science also provides a graph showing that current Arctic temperatures — despite alarmist claims of the Arctic being hotter than ever — is actually below normal.

    http://dailycaller.com/2016/07/20/global-warming-expedition-stopped-in-its-tracks-by-arctic-sea-ice

  77. Joyce says:

    Parsing, that’s funny. You said they were going to stop more white people, and they are not doing that. Even though the black robe wearing criminals routinely say “blah blah government interest outweighs the temporary interference with a person’s liberty,” it is an unwarranted intrusion and it is not happening to more white people as you predicted to appease others.

    Comrade Nom Deplume, the Deplumiest. says:
    July 20, 2016 at 5:30 pm
    [72] Joyce

    Geez, parsing. You want precision drafting, pay me.

  78. Newsflash – Romney trying heroin for the first time.

  79. Well that cinches it. Cruz is a douchebag.

  80. D-FENS says:

    The AWB was signed by Romney in Mass when he was Governor. The AG in Massachusetts is now demanding…effective immediately, anything she “feels” might look or sort of be like an assault weapon is hereby banned immediately. Gun stores in Mass are now reportedly pulling them all from shelves immediately.

    Coming to a state near you…..

    https://www.yahoo.com/news/massachusetts-attorney-general-bans-copycat-assault-weapons-220214020.html?ref=gs

    The Original NJ ExPat says:
    July 20, 2016 at 9:49 pm
    Newsflash – Romney trying heroin for the first time.

  81. GOP's broken (the good one) says:

    @GuardianUS

    Roger Ailes accused of harassment by at least 20 women, attorneys say

  82. GOP's Convention broken (the good one) says:

    wait, so lyin’ Ted lied?

  83. GOP's Convention broken (the good one) says:

    u got fukced so good

    @realDonaldTrump

    Wow, Ted Cruz got booed off the stage, didn’t honor the pledge!
    I saw his speech two hours early but let him speak anyway.
    No big deal!

  84. It amazes me how MSM is totally in bed with Hillary. Even Bloomberg strays far from being even-handed putting this Hillary tampon sniffer’s scrawlings as the lead story. Step 1: incendiary headline
    Step 2: quote Breitbart.com as your lead-in quote

    http://www.bloomberg.com/politics/articles/2016-07-21/trump-chooses-war-with-cruz-at-convention-aimed-at-unification

  85. GOP's Convention broken (the good one) says:

    @pdacosta

    “Vote your conscience”:

    Ted Cruz refuses to back #Trump during convention speech, exposing Republican rift

  86. Young says:

    Amazing! This blog looks just like my old one! It’s on a totally different subject but it has pretty much the same layout and design. Wonderful choice of colors!

  87. GOP's Convention broken (the good one) says:

    @joshtpm

    Years from today we will still wrestle with the meaning of Cruz
    for once leveraging the awesome power of his assholery
    in a righteous cause.

  88. Bystander says:

    The whole convention should be sponsored by WWE. It truly has that feeling with grand, gaudy entrances, bad acting, unruly fans, bloodlust and threats of violence. Last night reminded me of when one wrestler talks shite about a non-present wrestler then suddenly the wrestler appears from backstage. Was waiting on Don the Great to rush the podium. Sadly I think this is the election strategy, get America hooked on the drama. When November comes, the prospect of losing Donald’s entertainment value might to skin to canceling Apprentice after 2nd season. People are already too far into it and can’t give it up easily,

  89. D-FENS says:

    @teddyschleifer
    Ted Cruz was turned away from Sheldon Adelson’s suite today after his rebuke of Trump, sources tell CNN.

  90. D-FENS says:

    @teddyschleifer 1h1 hour ago Cleveland, OH
    The scene here —

    Ted Cruz is being pressed repeatedly by his own constituents to endorse Donald Trump. He is not doing so.

  91. Comrade Nom Deplume, the Deplumiest. says:

    [76] twitiot

    Don’t know. But at least they could get that job. I doubt anyone is paying to see your lady parts

  92. Comrade Nom Deplume, the Deplumiest. says:

    Heard in DC:

    “Q: Why do so many people in DC instantly dislike Ted Cruz?

    A: It saves time”

    h/t Evan Nappen

  93. D-FENS says:

    Cruz specifically saying he would support Trump if he were the nominee.

    https://www.youtube.com/embed/Ty1eETVIFMs

  94. GOP's Convention broken (the good one) says:

    @jbarro

    Donald Trump’s convention is falling apart because he is an incompetent deal maker who got rolled by Ted Cruz.
    Sad!

  95. Andrew says:

    Wow, superb blog layout! How long have you been blogging for? you made blogging look easy. The overall look of your web site is excellent, as well as the content!

  96. Bystander says:

    Well now even the ghost writer of Trump’s great work, Art of The Deal, is slamming him at every turn. Tony Schwarz is making the rounds stating he wishes he never wrote it for him.

  97. The Great Pumpkin says:

    Agreed. Our election process has become a joke. Not long before it destroys what’s left of America. A country is only as strong as its leadership, and our elections across the board have left us with a bunch of actors as opposed to real leaders. Need to blow up the whole political process and rebuild it from the ground up.

    Bystander says:
    July 21, 2016 at 9:58 am
    The whole convention should be sponsored by WWE. It truly has that feeling with grand, gaudy entrances, bad acting, unruly fans, bloodlust and threats of violence. Last night reminded me of when one wrestler talks shite about a non-present wrestler then suddenly the wrestler appears from backstage. Was waiting on Don the Great to rush the podium. Sadly I think this is the election strategy, get America hooked on the drama. When November comes, the prospect of losing Donald’s entertainment value might to skin to canceling Apprentice after 2nd season. People are already too far into it and can’t give it up easily,

  98. leftwing says:

    As usual pumps, you confuse cause and effect. The voters are getting EXACTLY the candidates they deserve.

    Interesting link to Cruz’s promise re: Kasich. Kasich pledges support as well. He is the home state governor and is MIA from the convention.

  99. GOP's broken (the good one) says:

    no need to blow up anything. GOP’s is permanently broken already

    The Great Pumpkin says:
    July 21, 2016 at 12:13 pm

    Need to blow up the whole political process and rebuild it from the ground up.

  100. The Great Pumpkin says:

    100- I’m still pissed at Christie. Dude was a pure actor that totally destroyed our state by doing nothing but dividing it. What kind of chump leader does that? Doesn’t have good ideas or a means to actually lead, so he huffs and puffs, and creates division that solves nothing but giving him power as a result of the division.

    I want a real leader that doesn’t use the strategy of divide and conquer. I want a real leader that unites the country and helps to get people to work together for the common good. I want someone that doesn’t blame anyone, but instead comes up with solutions to problems. Blaming people does nothing to solve the problem.

    Everyone is just blaming whoever/whatever and making excuses. America wasn’t built on blaming or excuses, it was built on hard work and working together for the common good. All this divisiveness in politics is a joke. Unite the country instead of dividing it by playing the blame game.

    The entire Republican convention was based on the blame game. No solutions, just repeated blame at democrats and whoever. Get a fuc!ing life, man up, and start being real fuc!ing leaders. Instead act like WWE or some kids on the school playground. It’s embarrassing and a complete joke. Someone get this country back on the right road. The road of hard work, cooperation, towards the goal of common good.

  101. Hillary’s only chance is to pick Cruz as her VP.

  102. Crooked Hillary and Lyin’ Ted 2016. They care about themselves too much to lose.

  103. D-FENS says:

    @johncardillo Remember it was Cruz people who started w/ Melania &DJT punched back. Cruz was OK w/ that. Then later said it wasn’t right.

  104. Fast Eddie says:

    no need to blow up anything. GOP’s is permanently broken already

    The onset of change. It’s reserved for those with b.alls to admit it and wipe the slate clean. Your side hasn’t the b.alls nor the guts to look into the mirror and do the inevitable. They’re afraid, like yourself. That’s why you cling to an ideology that stands for nothing but preaches everything.

  105. Bystander says:

    Gary Johnson looking like best candidate left. Actually agree with most of his positions.

  106. Captain Nom Deplume, Besotted Rummy says:

    [102 twitiot

    “no need to blow up anything.”

    Oh, I don’t know. If TSHTF, I’m thinking your parent’s house should be imploded, trapping you in your basement lair.

  107. Captain Nom Deplume, Besotted Rummy says:

    [109] Bystander,

    Most folks agree with the libertarian candidate but few actually vote for them. Not sure why the dissonance. Fear of the unknown, perhaps?

  108. Captain Nom Deplume, Besotted Rummy says:

    Another itchy trigger finger shooting, this time without a scintilla of justification that I can see.

    http://www.cnn.com/2016/07/21/us/miami-officer-involved-shooting/index.html

    And yes, I do blame BLM, black nat1ionalists, and the president for contributing to the environment where things like this can happen.

  109. Herd mentality Nom. Nothing more, nothing less. If only those living on the dole knew they were intentionally being played by the blue team, things might be different.

    I wonder how much the Clinton’s gave to Trump at his third wedding?

  110. “The whole convention should be sponsored by WWE. It truly has that feeling with grand, gaudy entrances, bad acting, unruly fans, bloodlust and threats of violence. Last night reminded me of when one wrestler talks shite about a non-present wrestler then suddenly the wrestler appears from backstage. Was waiting on Don the Great to rush the podium. Sadly I think this is the election strategy, get America hooked on the drama. When November comes, the prospect of losing Donald’s entertainment value might to skin to canceling Apprentice after 2nd season. People are already too far into it and can’t give it up easily.”

    And the left is lapping it up, hook, line and sinker. I still think the criminal panderer wins, but really, as long as the model remains the same, we all lose anyway.

  111. But not everybody votes left.

    Gary Johnson looking like best candidate left.

  112. BTW, Who watches the convention on CSPAN? It’s the best coverage because there is no coverage. During musical interludes I do jump to MSNBC or the Clinton New Network to amuse myself with their spin/lies. Hannity from 11PM to 1AM is great because the speakers drop by, but mostly because of the live focus group of uncommitted voters.

  113. [112, 115] Nom gets frist.

  114. joyce says:

    Can a career in law enforcement bridge the gap between military and civilian life?
    There aren’t many nine-to-five jobs that offer the same excitement you experienced in the military

    Jun 27, 2016

    The skills and duties prized in the military are vastly different than those most jobs require in civilian life. The idea of leaving behind the fatigues and rifle for a desk job can be a terrifying change. Not all jobs have to be drastically different, though. In fact, many ex-military professionals have found a path that’s a perfect fit for the transition — law enforcement.

  115. I talked to a fixed income guy at Ameritrade yesterday. Brokered CDs, especially 10+ years are flying off the shelves. 2.5% APY might look pretty sweet a year from now.

  116. D-FENS says:

    Gary Johnson is a nincompoop.

  117. joyce says:

    I guess this stuff never happened before 2013/2014?

    Captain Nom Deplume, Besotted Rummy says:
    July 21, 2016 at 1:51 pm
    Another itchy trigger finger shooting, this time without a scintilla of justification that I can see.

    http://www.cnn.com/2016/07/21/us/miami-officer-involved-shooting/index.html

    And yes, I do blame BLM, black nat1ionalists, and the president for contributing to the environment where things like this can happen.

  118. Soon to be another NJ expat says:

    Hello again to the group. Looking for advice on purchase of a bank-owned 3/1 SF property in Delaware, in a neighborhood of $275-450k homes. Seller is W-F… they accepted my offer of $137k which is approximately 54% of the Zestimate.

    I self-inspected using my ‘handyman-but-not-contractor-grade’ knowledge and detected no major worries – walls and roof line are straight, no apparent foundation issues, minimal mold, one repaired roof leak. Oil tank in basement… may have a buried tank in yard (recall my post last year worrying about this as a seller), but DE has a funded program to mitigate the cost, unlike NJ. Seat of the pants estimate to make home livable is probably no less than $50k which is halfway to the zestimated value.

    What might be some ‘gotchas’ I could face WRT the transaction? I still have a day to back out.

  119. joyce says:

    Agreed

    D-FENS says:
    July 21, 2016 at 2:22 pm
    Gary Johnson is a nincompoop.

  120. Captain Nom Deplume, Besotted Rummy says:

    On the AR ban in Massachusetts, two thoughts:

    First, it is vague and really broad. It will absolutely capture weapons that most DNC flaks claim they aren’t trying to seize. In fact, weapons that I owned in Mass even during the federal AWB will now be illegal.

    Second, because of the 5th amendment implications, they aren’t seizing weapons (yet–the stealth seizures are being taught to police as we speak). Because of this, the ban is quite leaky–I can legally sell an AR to a Mass resident in PA so long as I don’t know he/she is a Mass. resident. Even then, I could do it if I were unaware of the Mass. ban (which I am so that won’t fly). I can even do it in NH or VT and there I may be legal even if I know they are Bay Staters (haven’t reviewed the extraterritorial reach of PA law on a private sale by a PA resident to a non-PA resident occurring outside of PA). Unless they get caught going home, they will likely claim the weapon was “pre-ban” and therefore grandfathered.

    So motivated Bay Staters can still get ARs if they are willing to travel just a little bit north.

  121. Captain Nom Deplume, Besotted Rummy says:

    [124] soon to be expat,

    Ha! Welcome to the neighborhood. If you are going to be in New Castle county, you are just across the line from me.

  122. Not true. My inlaws had their less than 20 year old tank removed from the yard about 4-5 years ago, the NJ money ran out almost the instant my MIL dropped the documents in the mail. She reapplied under whatever was the most recent program and just got her check less than a month ago. So if you can wait 5 years for your money, NJ might help you out.

    may have a buried tank in yard (recall my post last year worrying about this as a seller), but DE has a funded program to mitigate the cost, unlike NJ.

  123. Fabius Maximus says:

    #108 Fast Eddie

    This is not the GOP wiping the slate clean, it is the party splitting in two.
    http://fivethirtyeight.com/features/the-end-of-a-republican-party/

  124. Fabius Maximus says:

    I am sure a few in here will be like this on election day.
    https://www.youtube.com/watch?v=yWe8KdLH3mE

  125. Fabius Maximus says:

    I closed on my rental today. I am officially a bag holder again. Landlord got a tax write off and I got a bit of a bargain.

    In true njrereport style, it was private sale so no MLS. I bought for 61% of the 2005 demolition price. The landlord bought the place to tear down and put up a 1.5 Mil mansion. So really I paid market price for the land and got a free house in prestigious Bergen County.

    Finally I can paint, pull out the carpet and tear out the 70s kitchen. Next year we’ll add on a few bedrooms and flip in a few years.

  126. Soon to be another NJ expat says:

    #127 Thanks Comrade… I work in Philly and have been looking at DE RE for a few years to complete my last and final ‘escape from NJ’ act. We have no kids so school quality is not a worry. Would be great to meet up at some point for a local GTG.

  127. Fast Eddie says:

    [129],

    They’re done. You want the return of the previous Republican party? Is that what you’re hoping for? They’re done. What’s sad is that this country represents nothing I recognize anymore and the left is celebrating like it’s a plus. What a tragedy. I know, it’s all Reagan and Bush’s fault. Ok, what’s the solution? Free healthcare? Free education? Free food and housing? Ok fine, you pay for it in between the mandatory conversion classes to convert to some radical form of religion… dare I say it.

  128. Soon to be another NJ expat says:

    #128 Appreciate the anecdote. I read that the NJ program ran out of funds and there was a waiting list of at least 3 years. Thankfully I did not end up having a UST, but great to hear that somebody was able to get some money out of the program.

  129. Gluteus – Your memory may not be very good, but if it is you’ll recall that the Donkeys couldn’t pass anything when they had majorities in both houses of Congress under Obama. Why? Because the party split in three.

    #108 Fast Eddie

    This is not the GOP wiping the slate clean, it is the party splitting in two.

  130. [132] Vineland and neighboring Bridgeton are both Abbot districts so a lot of those workers got the most expensive education NJ tax dollars can buy. They’ll be just fine.

    Progresso shutting down in Vineland 370 jobs will be lost

  131. Fabius Maximus says:

    #134 Fast Eddie

    I want the moderate GOP back. The one full of people like Shore Guy. Not this Right wing Tea Party garbage. Boehner and McConnell stoked up the Tea Party when they should have stamped it out. It killed the party. Reagan did a lot of damage moving the country from a manufacturing giant to the serviced based mess we have not. GWB just ran the economy off a cliff.
    I would actually like to see a strong stable GOP. Because without a stable party in opposition, you lose a lot of the checks and balances.

  132. Fast Eddie says:

    Reagan did a lot of damage moving the country from a manufacturing giant to the serviced based mess we have….

    Omg… lol

  133. Fabius Maximus says:

    #136 ExPat

    I would question your memory. The senate was 40+1 and the one was Benedict Arnold AKA Joe Lieberman. Remember we had all these talking heads trying to explain Cloture!

    The senate could never get to 60 votes to invoke Cloture, so no votes really happened without minority approval. The GOP were in control.

  134. Fabius Maximus says:

    #139 Fast Eddie

    The exact moment.

    “Over the past year, our Task Force on Private Sector Initiatives has successfully forged a working partnership involving leaders of business, labor, education, and government to address the training needs of American workers. Thanks to the Task Force, private sector initiatives are now underway in all 50 States of the Union, and thousands of working people have been helped in making the shift from dead-end jobs and low-demand skills to the growth areas of high technology and the service economy. Additionally, a major effort will be focused on encouraging the expansion of private community child care. The new advisory council on private sector initiatives will carry on and extend this vital work of encouraging private initiative in 1983.”

  135. Fast Eddie says:

    [141],

    As opposed to the pessimistic, divisive and angry rhetoric from a president who despises anything this nation was founded upon. I no longer recognize the country my father and grandfather built. It’s really depressing.

  136. Anybody who has access to CSPAN right now and watch Nixon’s 1968 convention speech. It is eerily reminiscent of today.

  137. joyce says:

    Is the minority in control now?

    Fabius Maximus says:
    July 21, 2016 at 3:28 pm
    #136 ExPat

    The GOP were in control.

  138. joyce says:

    Claiming to pinpoint the time of huge economic shifts makes you continue to look like a baffoon.

    Fabius Maximus says:
    July 21, 2016 at 3:32 pm

    The exact moment.

  139. joyce says:

    or a buffoon

  140. Fabius Maximus says:

    #142 Fast Eddie,

    You know what would make this country great again? Having lots of those dead end jobs that need low demand skills.

  141. I’m sure this is kinky slang for something I don’t want to know about.

    Finally I can paint, pull out the carpet and tear out the 70s kitchen.

  142. The Great Pumpkin says:

    Is this hypocrite serious? He went back on his word how many times? He totally screwed the public workers on the pension issue by not keeping his end of the bargain, and now he has the nerve to go after Cruz on the issue of “keeping your word.” This guy is a complete joke. Cruz is right, he lost his political testicles a long time ago.

    Christie on Cruz–“He signed a pledge,” said the governor, one of Trump’s closest advisers. “It’s his job to keep his word … Our words should matter. That’s what disgusts people out in the audience about politicians.”

  143. GOP's broken twice (the good one) says:

    @NPR

    #BREAKING:

    Roger Ailes resigns as CEO and chairman of Fox News Channel.

    Rupert Murdoch to assume role as CEO and acting chairman.

  144. GOP's Convention broken (the good one) says:

    @PaulKrugman

    Cruz betrays,

    Trump blows off NATO,

    Ailes falls,

    all at once. Couldn’t happen to more deserving people.
    But I worry about nuclear fratricide

  145. Captain Nom Deplume, Besotted Rummy says:

    [141] Rory,

    It’s about time. Lines at Starbucks were getting out of hand.

    But even if you catch up our idiocracy to the rest of the world, they still do it just as well for less.

  146. GOP's Convention broken (the good one) says:

    @jbarro

    Peter Thiel,

    who will speak at the RNC tonight,

    wrote in 2009 that freedom and democracy are not compatible.

  147. Captain Nom Deplume, Besotted Rummy says:

    [138] rory,

    “Reagan did a lot of damage moving the country from a manufacturing giant to the serviced based mess we have”

    All evidence to the contrary. Things were booming in Mass. from actual tech manufacturing. Not just writing code; it was built here. Silicon Valley? Bloomed under Reagan. Defense contractors in Texas, Maine, Washington State? Did quite well. Rust belt shook off some rust. These were the gains people worried would go south (and north) under NAFTA.

  148. Captain Nom Deplume, Besotted Rummy says:

    [153] twitiot.

    Which is true. That is why we aren’t a pure democracy.

    A pure democracy would run roughshod over the rights of the minority. Just as you want to do now. It is mob rule under color of law.

    If I had a SHTF Bucket List, killing you would be near the top of it.

  149. Captain Nom Deplume, Besotted Rummy says:

    [148] expat,

    I’m just amused that the self described Progressive and SJW tax warrior is not only announcing his capitalist bent but doing it in a way that would result in tax avoidance.

    If he weren’t so hypocritical, he’d pay his fair share on that flip gain.

  150. Captain Nom Deplume, Besotted Rummy says:

    God, I am beset by Boston Terriers. Night all, enjoy the show.

  151. In 1983 Raytheon flew me to Boston, had a limo pick me up at Logan, put me up at the (then new) Sheraton Tara with meal vouchers for the restaurant, picked me up by limo again in the AM where I interviewed with 3 different departments, receiving offers from all of them, then took me again by Limo back to Logan. I went from FDU to Boston and back without spending a dime of my own money. Tech was thriving under Reagan. Those of us who worked full time during college saw our salaries quadruple or quintuple out of college and after we came to expect 20% annual raises would continue forever and we had no student loans to pay either. Myself and most like me bought RE with 20% down payments as 26 year olds, living out on our own, with no college debt on our back. It was the best of times.

    All evidence to the contrary. Things were booming in Mass. from actual tech manufacturing. Not just writing code; it was built here. Silicon Valley? Bloomed under Reagan. Defense contractors in Texas, Maine, Washington State? Did quite well. Rust belt shook off some rust. These were the gains people worried would go south (and north) under NAFTA.

  152. The Great Pumpkin says:

    Trump talks a big game, but what exactly is his plan? How the hell are you going to end Chinese currency manipulation? How are you going to bring back jobs? How are you going to negotiate better trade deals?

  153. The Great Pumpkin says:

    Also, does he even understand what school choice means? I don’t pay 18,000 in taxes so my daughter can go to school with Paterson kids. Now he is going to give them choice to go to any school? He will destroy education along with property values.

  154. Essex says:

    160. school choice will effectively end public schools as we know them.

  155. Howdy! Would you mind if I share your blog with my facebook group? There’s a lot of folks that I think would really appreciate your content. Please let me know. Cheers

  156. [160] Plumpsky – Your daughter isn’t old enough to go to school and your taxes are under $18,000 (but not much). Your tax bill furnishes you front row seats to the drag races out front and K-12 for other kids.

  157. Fabius Maximus says:

    #154 Ediie Ray

    Thats my point. The high end did very well and the Education bubble started. Now your college degree puts you in debt and gets you a starter job as a barista.

    And never forget. http://despair.com/collections/demotivators/products/potential

    The low end jobs are gone.

  158. Fabius Maximus says:

    From the George Harrison estate.

    The unauthorized use of ‪#‎HereComestheSun‬ at the ‪#‎RNCinCLE‬ is offensive & against the wishes of the George Harrison estate.
    If it had been “Beware of Darkness” then we MAY have approved it!
    ‪#‎TrumpYourself‬

  159. Sad. Those Abbott districts were just starting to turn around stay the same.

    160. school choice will effectively end public schools as we know them.

  160. The unauthorized use of ‪#‎PantsSuits is offensive to other Lane Bryant shoppers like anon.

  161. Fabius Maximus says:

    There seem to be two schools of though on the GOP convention. He nailed it or Misstep after Misstep. I’m in the latter. All I see are lots and lots of stupid avoidable mistakes.

    Here is a little gem. If the FEC starts digging what will they find.
    http://www.cnbc.com/2016/07/20/melania-trump-speechwriter-reveal-raises-even-more-questions.html

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