From CNBC:
Home prices have been rising steadily since the recession, but the gains are suddenly accelerating as spring demand heats up in an already highly lean and competitive market.
Prices surged 7 percent higher in March compared with a year ago, according to CoreLogic. That is the biggest gain since May 2014. All 50 states saw home values increase, and prices are now higher than they were at the peak of the last housing boom, although that does not account for inflation.
“High demand and limited supply have pushed home prices above where they were in early 2006,” said Frank Nothaft, chief economist at CoreLogic. “New construction still lags historically normal levels, keeping upward pressure on prices.”
The price gains are greatest in the nation’s largest markets. Half of the nation’s 50 largest markets are now considered overvalued, meaning home prices are at least 10 percent higher than the long-term, sustainable level.
Las Vegas, San Francisco, Denver and Los Angeles are all overvalued, as are Miami, Houston and Washington, D.C., according to CoreLogic.
Prices are seeing the biggest gains at the lower end of the market, where supply is leanest. Sales of homes priced under $100,000 fell more than 20 percent in March, according to the National Association of Realtors, not because there wasn’t demand, but because there was not enough supply.
Good Morning New Jersey
Mr 3000!
In the 466 days since he took the oath of office, President Trump has made 3,001 false or misleading claims, according to The Fact Checker’s database that analyzes, categorizes and tracks every suspect statement uttered by the president.
That’s an average of nearly 6.5 claims a day.
https://www.washingtonpost.com/news/fact-checker/wp/2018/05/01/president-trump-has-made-3001-false-or-misleading-claims-so-far
True Greatness Gary!
https://www.bloomberg.com/news/articles/2018-04-30/treasury-s-488-billion-in-borrowing-sets-a-first-quarter-record
Problem is, every month that goes by, everything gets better.
The guy might be an absolute idiot train wreck from a public perception standpoint, but the economy improves, manufacturing improves, industry improves, housing improves, unemployment improves, wages improve. Companies are investing, growing, hiring, repatriating jobs. North Korea looks to actually be negotiating, ISIS is all but gone.
If Hillary achieved these things, she would be called the greatest president in history. Surely she’d already have a Nobel prize, maybe two.
@robreiner
Every day the President of the United States tells at least five lies.
Every day the President of the United States or someone in his administration is accused of unethical or criminal behavior.
It’s exhausting.
But hang in there. Justice will be served.
It’s exhausting.
Feel the same about China, telling lies, stealing, unethical, racist, sexist, corrupt, every day.
Unfortunately CNN is the one doing all the accusing ….. Oh what difference does it make
He must be referring to mueller’s thought crimes. Scary how the left has completely abandoned civil liberty.
So, I don’t get it, Mueller has got nothing on Trump, so now the charge is obstruction? Obstruction of what?
Well let’s see. They tapped his phone using bogus warrants. They launched an investigation against him when there was no proof a crime had been committed. They raided his lawyers office.
See a pattern here when you aren’t anointed by the deep state? The constitution is a joke to them.
Liberals come from the perspective – oblivious to the fact that it is a perspective – that everything they believe and everyone with whom they associate are RIGHT and GOOD. Everything and everyone else are therefore WRONG and BAD, or at the very least irrelevant. Horse’s blinders and zero self awareness.
Once you understand this, every action of theirs makes sense including their boundless arrogance, their derangement over Trump, and their ability without irony or introspection to hold the most contradictory views and actions.
Simply view their actions and statements through this prism and it all makes sense.
“So, I don’t get it, Mueller has got nothing on Trump, so now the charge is obstruction? Obstruction of what?”
Even better, he may be going to the mat to get testimony from trump. Did you look at the leaked questions? Totally open ended. Sole purpose is to get Trump to perjure himself.
So the endpoint of all the investigation, rumor, innuendo, and angst will be a false testimony/perjury allegation over a forced interview.
Trump needs to just end it all and force a Constitutional crises while he still has a strong populist hand. It won’t last forever…markets and economies go down as well as up…..
Obstruction charges don’t need to rely on another underlying crime. Attempting to obstruct an investigation is a crime. Admit it, you need help tying your shoes in the morning,
grim says:
May 2, 2018 at 8:26 am
So, I don’t get it, Mueller has got nothing on Trump, so now the charge is obstruction? Obstruction of what?
The End Is Nigh (pret said there would be no writedowns Edition):
https://www.bloomberg.com/news/articles/2018-05-01/alliancebernstein-to-move-to-nashville-from-new-york-wsj-says
of course, those questions were written and leaked by Trumps lawyers so you have no proof they’re the actual questions from Mueller. Please continue with your scripted talking points…
“Even better, he may be going to the mat to get testimony from trump. Did you look at the leaked questions? Totally open ended. Sole purpose is to get Trump to perjure himself.”
Grim obstructing is no joke. If they convict Rrump for obstructing he’s done. Tax cut or not.
I was at academy sports over the weekend and saw lots of fishing lures with USA flags advertising made in America. Didn’t notice the flag on packaging last year. Most stuff is still made in China, Vietnam, or South America , but I was surprised at the amount of stuff made in the USA, and a lot of it was under $4.
No One has a relevant and informed opinion on China. However, I still can’t get past my instinct telling me that Trump has it correct calling these bastards on the carpet.
It is a command and control economy with little regard for our intellectual property. It is a juvenile culture that is completely alien to us. They demand respect, but in reality, they would subvert us in a second if they have the leverage to do so. I hate to sound so racist, but there is no substance or ethics to their business practices. Everything falls to the lowest common denominator.
Sorry for being vague.
grim says:
May 2, 2018 at 8:18 am
It’s exhausting.
Feel the same about China, telling lies, stealing, unethical, racist, sexist, corrupt, every day.
“But hang in there. Justice will be served.”
When? When Cankles runs against him in 2020 and loses again. I heard the family is gearing up for another run. Goodbye Dems.
I also read an editorial from one of the liberal think tank wonks where he explained the focus on language and terms…… they believe that if they keep tight control on discourse, then they can eradicate the opinions that differ from theirs…..control the language, allows control of discourse, allows control of opinion….allows control..
leftwing says:
May 2, 2018 at 8:48 am
Liberals come from the perspective – oblivious to the fact that it is a perspective – that everything they believe and everyone with whom they associate are RIGHT and GOOD. Everything and everyone else are therefore WRONG and BAD, or at the very least irrelevant. Horse’s blinders and zero self awareness.
Once you understand this, every action of theirs makes sense including their boundless arrogance, their derangement over Trump, and their ability without irony or introspection to hold the most contradictory views and actions.
Simply view their actions and statements through this prism and it all makes sense.
To be clear….the zero tolerance for differing opinions is not a character trait….it is an intentional strategy to control opinion….
Actually obstruction charges against a president who is operating within his presidential powers is a joke. Mueller would never try that which is why the perjury trap is set.
As for China. I 100% agree with ChiFi. All you need to know is their government bans almost all social media. Google was even forced to censor Google Maps and Google Translate. Facebook, banned. YouTube, banned. All blogging sites, banned. God forbid their people got a taste of true freedom. All they have is cheap labor. And our government sells out to them every time a lobbyist drops a dime in one of our politician’s laps. China is a great economy because they have endless amounts of cheap labor. But they NEED someone to buy what their former farmers are producing. Lord knows, there is not enough wealth over there to keep their own employed.
Ottos been stuffing his head with fake news again. There is practically no way to charge trump for obstruction for his actions as president and it’s unlikely he can even be subpoenaed but keep clicking on the stories. Fake news appreciates the ad revenue.
The difference between the Donald and Slick Willy:
When Slick Willy got caught cheating on his wife (for the 100th time) he denied the allegations.
When President Trump got caught cheating on his wife, for the first time in his life, he said nothing.
Which one is the slick one?
9:20 yes. Agreed. F’ China.
Clinton / Trump rematch in 2020? I’ll literally throw my TV away at that point and mourn the death of this once Great Country.
Latest Veritas undercover video targets NJEA
Janus Supreme court decision also imminent….
ESPN, which used to be known for covering sports, but seems far more interested lately in spewing their left wing ideology, has lost, just in the one month of April, 500,000 subscribers.
Control leads to power. Power is the goal, not freedom. Agree or disagree with them the right has their moral standards…the left’s strategy is to strictly hold them to their own rules…and throw them off balance….discrediting them.
chicagofinance says:
May 2, 2018 at 9:24 am
I also read an editorial from one of the liberal think tank wonks where he explained the focus on language and terms…… they believe that if they keep tight control on discourse, then they can eradicate the opinions that differ from theirs…..control the language, allows control of discourse, allows control of opinion….allows control..
This is all one big Truman Show.
I am still hoping for an IB to move an office to Newark, NJ so I can cut my commute in half !
“The End Is Nigh (pret said there would be no writedowns Edition):
https://www.bloomberg.com/news/articles/2018-05-01/alliancebernstein-to-move-to-nashville-from-new-york-wsj-says“
I heard from people who I used to work with at a large global financial firm that moved a bunch of back office people to Nashville that is was an epic failure. Finding talent was difficult and the wage savings were smaller than originally estimated as a result of escalating costs in Nashville and a lack of experienced personnel in the job market. I heard it described as the only competent people they had down there were transferred from here.
i heard same thing when GS moved to salt lake.
No One has a relevant and informed opinion on China. However, I still can’t get past my instinct telling me that Trump has it correct calling these bastards on the carpet.
It is a command and control economy with little regard for our intellectual property. It is a juvenile culture that is completely alien to us. They demand respect, but in reality, they would subvert us in a second if they have the leverage to do so. I hate to sound so racist, but there is no substance or ethics to their business practices. Everything falls to the lowest common denominator.
Sorry for being vague.
My grandparents came from China. My father was born there. I have absolutely zero respect for the way they’ve treated their citizens or the methods they’ve employed to grow their economy. It has done nothing but lower wages across the board and not yielded in greater domestic prosperity at all.
Good idea!
http://www.nj.com/opinion/index.ssf/2018/05/bookers_big_idea_a_federal_job_for_all_who_need_on.html#incart_river_mobile_index
B-b-b-buuttttt…they can’t move jobs from NYC!!
Other cities don’t have NJ right next door!!!!! harumppph.
Government day care run by those who can’t find a minimum wage job? Would never work. First, they would probably misplace your kid. Then, whenever there is a federal holiday where parents in the private sector have to work, like MLK and Columbus Day. Who is going to watch your child? And it will be unionized with constant cost increases to pay for unreasonable demands. Look how well the government runs NJ Transit (big delays again today into Penn). You couldn’t pay me to put my kids into government day care. This is an absolutely abhorrent idea. Why don’t we just use prisoners to watch our kids. No holidays and you could pay them in cigarettes.
re: “If they convict”
Like there would ever be a Federal trial of a sitting president, the only road is impeachment and they don’t have the votes.
There is more than one version of a bill submitted for this. It will never leave committee.
Here is one from July 2017.
https://www.congress.gov/bill/115th-congress/house-resolution/438
Libturd, that is a downright disturbing idea and unionized is a terrible concept as it makes it very difficult to fire people who are downright dangerous to the children in their care.
I like Booker’s idea with a few tweaks, instead of giving jobs out how about we make the people collecting welfare shovel sh*t 7-8 hours a day so that working in the private sector is more appealing. The more I look at it we have illegal aliens doing this work because poor Americans would rather collect welfare than do hard work as the difference in their standard of living wouldn’t change much by being employed.
Liberals don’t understand the distinction between rights and privileges. You’re not entitled to a job. A job is called a job because it’s a task. It takes effort. That’s why they call it a job. What happens when you get fired from that government job? You ask for another one? You demand another “job” because it’s you’re right? Your entitlement?
How is this not a good idea? If private sector can’t do a good job with job creation for all, then how bout a little competition for those workers.
You guys are close minded if you don’t see this in a positive light. Always complain about welfare and no wage inflation, and here is an idea that actually addresses both, and you hate it. Now if trump came up with plan, you would all hail it.
“New Jersey’s Republican party chairman, Doug Steinhardt, immediately denounced Booker’s proposal, saying that “instead of spending millions more” to “increase government’s payroll,” we should spur job creation in the private sector.
But that’s what this is intended to do. Federal jobs would establish a higher bar for pay and benefits, which private companies would then have to beat. Walmart could afford to raise its salaries, because people with these well-paid federal jobs would have more money to spend there. Private businesses would then grow, need to hire more people, and so on.
A program like this in India increased earnings from public and private jobs, and overall private sector employment, Vox points out. Certainly, there would be challenges: It’s expensive, for one. It would cost $543 billion per year to do this nationwide, the CBPP estimates.
Advocates counter that we’d save in the long run, by needing less funds for other safety net programs. We’d decrease health costs and give ex-prisoners jobs, reducing recidivism. More money in people’s pockets also means more tax revenue.
These would have to be jobs that could disappear without too much societal disruption, once the economy improves and people shift back to the private sector. The cost is a hurdle, too, so it’s smart to try this as a pilot program first, and to refine it before expanding it.”
Did you know that 44% of the homeless in America have a job? That’s how crappy those jobs are. You know need to open your eyes before you push your bias on the poor and disenfranchised. This is not the land of opportunity that you grew up in. Lots of people busting their butt and going nowhere, but down.
Fast Eddie says:
May 2, 2018 at 11:19 am
Liberals don’t understand the distinction between rights and privileges. You’re not entitled to a job. A job is called a job because it’s a task. It takes effort. That’s why they call it a job. What happens when you get fired from that government job? You ask for another one? You demand another “job” because it’s you’re right? Your entitlement?
This is what happens when most of the gains in the economy over the past 30 years become concentrated at the top. It’s not good for anyone but the top.
Pumpkin Head,
Please take on a new name and shtick. This is getting old.
I could see Nashville being an issue with finding qualified people but I would be shocked to hear that would be the case in salt lake. Lots of young educated Mormons out there. And they love to work!!
Warehouses and trucks may replace bucolic N.J. Blame your online shopping habit
“Business is booming,” said Jeff Lucas, a commercial realtor who leases space from areas near Exit 8 of the Turnpike to the Delaware Memorial Bridge at the southern tip of the state. “Everyone keeps asking if I have available land and I say we’ll just go to the next exit of 295. I have space down to Exit 4 of 295 in Salem County.”
http://s.nj.com/AwWuGgh
Pumpkin you should sign up.
“We’re adding 100 new patients every day,” the commissioner said. “This demonstrates that there was pent-up demand. People with chronic pain (and Anxiety) now have the option of medicinal marijuana instead of opioids, and more than 100 strains are available.”
http://s.nj.com/Y27k0xU
I’m loving this governor.
“N.J. training more cops to spot driving-while-high to prepare for legal weed.”
Prob the beginning of the end for this firm as opposed to wall st.
You are telling me that finance guys making a ton of money want to live in some small city that goes to sleep at 9-10 pm? Yes, sure!
Lmao at the idea of wall st firms going to small mid tier markets. NYC means you made it, leaving it means you are not doing well.
chicagofinance says:
May 2, 2018 at 9:14 am
The End Is Nigh (pret said there would be no writedowns Edition):
https://www.bloomberg.com/news/articles/2018-05-01/alliancebernstein-to-move-to-nashville-from-new-york-wsj-says
NJEA Union Videos
https://www.youtube.com/watch?time_continue=12&v=cGfa9pDYRPs
Pumps it’s not the bankers, asset managers, etc. It’s going to mostly be operational people, who are given the relocate or find a new job option. The some of revenue producers will likely be given the choice to stay in NYC same as always or relocate. Some producers might want to go as a lifestyle choice and most will not.
My wife works at GS as far as I can tell SLC is a decent place for hiring and at GS they manage to move a lot of people from other offices to SLC, thus essentially locking those people into goldman for life, they have much greater turnover in NYC.
Pumps – wall st firm’s?
Other than Deutsche Bank and the NYSE most banks moved off wall st long ago.
Back office has been moved out…
Deutsche Bank, Bank of America Merrill Lynch, Citi, J.P. Morgan, Wells Fargo run back office out of Jacksonville FL.
Goldman Morgan Stanley, Bank of America Merrill Lynch, UBS, Wells Fargo, KeyBank, Silicon Valley Bank and local firm Zions Bank run back office out of Salt Lake City Utah.
Goldman Sachs, J.P. Morgan, Bank of America Merrill Lynch, Citi, Wells Fargo, UBS, Deutsche Bank, BNP Paribas and Jefferies. Morgan Stanley Dallas/Fort Worth/Arlington metro area back office.
D-FENS,
It’s for the children.
One thing about Trump is he is right about something….
Since the early 2000s, US companies have moved several million white-collar jobs, from all kinds of departments such as payroll, legal research, and programming far far from home, often into Eastern Europe and India.
Not a day goes by I don’t speak with a company that isn’t doing that. An example is Goldman they now have 6,000 jobs in India, heck even IBM has over 100,000 jobs in India. We have a tech firm doing a bang up job with Romanian engineers and the incentive there is no PAYROLL taxes for those employees.
Silly pumps Wall Street moving jobs out of NYC for years!! You need to get out of Wayne more and see what’s going on!
Juice and Prudential has a big presence in Ireland.
http://www.bloomberg.com/news/articles/2018-05-02/murphy-says-he-doesn-t-know-cost-of-raises-he-just-gave-workers
I thought Murphy was supposed to be handy with money. He says, “not that big a deal.”
Jobs, yes, but not actual headquarters.
Are you now going to take the silly position that nyc economy is dying too from high costs? Come on, you know what you do best!
3b says:
May 2, 2018 at 1:54 pm
Silly pumps Wall Street moving jobs out of NYC for years!! You need to get out of Wayne more and see what’s going on!
You heard it here first – New York City’s population is now shrinking.
They received 2% raises and conservatives are up in arms that he is giving the house away. Really can’t make this stuff up.
Yo! says:
May 2, 2018 at 2:05 pm
http://www.bloomberg.com/news/articles/2018-05-02/murphy-says-he-doesn-t-know-cost-of-raises-he-just-gave-workers
I thought Murphy was supposed to be handy with money. He says, “not that big a deal.”
Yes, it’s all a cycle. Nyc peaked like 2 years ago. It’s all just part of the cycle.
I feel bad for all the idiots moving on over to where they THINK the grass is greener. Hurry everyone, move to places with no income tax and low costs……it will last to infinity.. What a bunch of idiots.
Yo! says:
May 2, 2018 at 2:07 pm
You heard it here first – New York City’s population is now shrinking.
You heard it here first – New York City’s population is now shrinking.
The boroughs are becoming a sh1thole. Manhattan is the only one worthwhile.
Pumps does not matter all of those jobs used to be nyc and area jobs. No longer the case.
3b,
So this area is dead? Nyc going to die? What are you emplying? I guess I should take your advice and run to Salt Lake or Nashville. Run, the sky is falling!
Pumpkin, isn’t NYC supposed to be underwater soon?
Pumps never said it was dying but it is changing how it turns out who knows. As for salt lake or Nashville I don’t think they are ready for the likes of you!!
Blue,
They have a huge plan in place to deal with that. Look it up.
3b,
My point is simply this. You claim this economy in jersey is dying, so where do you think people should go for a better opportunity.
Pumpkin in terms of corporate jobs, NJ is getting killed. It’s only smaller companies and NYC jobs keeping it afloat. The politicians with their taxes will kill the goose who lays the golden eggs, nobody has to be here. The future of NJ is warehouses full of robots, they will legislate most jobs out of existence and tax anyone who produces anything until they relocate.
Everything is getting better under trump, everything but the trillion dollar deficit. Put it on the credit card, enjoy the fruits now and let our kids pay for it.
Ordered something yesterday off Amazon at 11:58AM; it was delivered at my house around 5:30PM……. didn’t need it that fast and was surprised it was there…
Juice Box says:
May 2, 2018 at 12:36 pm
Warehouses and trucks may replace bucolic N.J. Blame your online shopping habit
“Business is booming,” said Jeff Lucas, a commercial realtor who leases space from areas near Exit 8 of the Turnpike to the Delaware Memorial Bridge at the southern tip of the state. “Everyone keeps asking if I have available land and I say we’ll just go to the next exit of 295. I have space down to Exit 4 of 295 in Salem County.”
As if the deficit would not be similar under a Hillary administration. No matter who gets the job of Potus deficits don’t matter the cows will never come home as long as we have our military and hegemony.
re”Ordered something yesterday off Amazon”
I ordered a diswasher part for the spring door pulley system that snapped, cheap plastic part. Ordered Saturday afternoon and it was delivered Sunday. Still haven’t installed yet, nice to get it quick but not that quick.
Pumps the economy in NJ is dying. If you refuse to admit it well then thats just stupid on your part. As for opportunities we’ll many appear to be in places you despise. Will some of the moves turn out to be bad. Yes. But many will turn out to be good and for the reasons you ridicule.
A financial hardship waiver. They aren’t even trying to hide these corporate handouts anymore.
“The waiver enables Icahn’s CVR Energy Inc (CVI.N) to avoid tens of millions of dollars in costs related to the U.S. Renewable Fuel Standard (RFS) program. The regulation is meant to cut air pollution, reduce petroleum imports and support corn farmers by requiring refiners to mix billions of gallons of biofuels into the nation’s gasoline and diesel each year.”
https://mobile.reuters.com/article/amp/idUSKBN1I10YB
Dying? Where do you get this crap? Probably from reading conservative propaganda disguised as research like this garbage from aei. This is basically a hit piece on unions. Sure, the njea is to be blamed for it all. Yup, talk about some crazy conspiracy disguised as fact. Sad part, people like you eat this right up.
http://www.aei.org/publication/new-jersey-is-dying-a-special-interest-dominated-status-quo-is-hurting-the-states-economy/
3b says:
May 2, 2018 at 5:14 pm
Pumps the economy in NJ is dying. If you refuse to admit it well then thats just stupid on your part. As for opportunities we’ll many appear to be in places you despise. Will some of the moves turn out to be bad. Yes. But many will turn out to be good and for the reasons you ridicule.
“It was not happenstance. New Jersey is in this position because its largest public-sector union, the New Jersey Education Association (NJEA), often working in concert with its public-sector union allies, has rigged the system for its own benefit. The consummate special interest, the NJEA has dominated the state’s political system for decades. It structured a legislative regime that allowed it to siphon off hundreds of millions of taxpayer dollars to spend itself to unmatched political clout. Predictably, New Jersey’s politicians—both Republicans and Democrats—have succumbed to this clout and largely given the NJEA what it wanted. Too often, New Jersey citizens and taxpayers have been left out of the discussion, and yet it is they who will foot the bill.”
This is all you need to read to know how we got here. CC tried to put an end to it. Forget about it.
In accordance with Government Accounting Standards Board statements 67 and 68. Joshua Rauh of the Hoover Institution uses a more conservative discount rate to arrive at an unfunded pension liability of $161 billion, which, when added to retiree health care liabilities of $67 billion, equals $227 billion. The Stanford Institute for Economic Policy Research estimates unfunded pension liabilities at $186 billion, or with health benefits, $253 billion. This does not include unfunded liabilities of $41 billion at the local government level. The Office of Public Finance of the State of New Jersey, State of New Jersey Debt Report Fiscal Year 2016, March 10, 2017, 66 and 69.
Wow. 300 billion. If this market collapses, look out below!
Well, I am 6 years at my IB and they were 1600 in NY area when I started and now down to 475. Everything is in India or Eastern Europe. I was told that I won’t have a job past June and there are no large transformation projects left at the bank. Been looking like a mad man for two weeks. I have talked to two dozen recruiters and majority opinion is finance job market is soft. One guy said it is hot in at Lockheed and other big military contractors…not shocking given orange heads gargantuan budget addition. He said developers are hot too. Well that leaves out 95% of workers. I don’t see any big hiring on the street. Grims statement is not true if you talk to people on the ground.
Oh give me a break. Who doesn’t do this, it’s called lobbying. Look at how corporations received a permanent 15% tax break. How much that cost? No one cares, but it’s all out attack on workers for forming a union and protecting their well-being by forming a strong negotiation bloc.
Are teachers overpaid? In my opinion, no. So I don’t understand how the njea is to blame for the state’s current situation.
Libturd says:
May 2, 2018 at 7:26 pm
“It was not happenstance. New Jersey is in this position because its largest public-sector union, the New Jersey Education Association (NJEA), often working in concert with its public-sector union allies, has rigged the system for its own benefit. The consummate special interest, the NJEA has dominated the state’s political system for decades. It structured a legislative regime that allowed it to siphon off hundreds of millions of taxpayer dollars to spend itself to unmatched political clout. Predictably, New Jersey’s politicians—both Republicans and Democrats—have succumbed to this clout and largely given the NJEA what it wanted. Too often, New Jersey citizens and taxpayers have been left out of the discussion, and yet it is they who will foot the bill.”
This is all you need to read to know how we got here. CC tried to put an end to it. Forget about it.
Lib
I seem to recall that when CC took office the pension liabilty was around $80Billion. I remember that he turned in a 28Billion budget, It had been projected to be 32Billion, but his big saving was taking a “Todd-Whitman” and skipping a 3Billion payment to the PP.
So now its $160Billion after his tenure and the biggest run up in stocks?
Do I have to be Captain Obvious with the next question?
So I remembered all the Holliday Inn Neurosurgeons in here when I read this.
https://twitter.com/oneunderscore__/status/991752176849612800
I see they have moved over to Holliday Inn Legal analysts based on todays posts.
The NJEA has no power. Sweeney proved that this year. It wasn’t even close. The NJEA has silently sat back while it’s members have been decimated the past 8 years while they continued to raise dues to support their 600k to 1 million dollar salaries. The NJEA solely exists to siphon money away from teacher’s paychecks. Your problem in state is the abbott ruling. That’s basically it.
Re locations. I have seen a lot in the last 20 years. Here’s my observations.
Charlotte. Early days they loved it. Big house, low cost of living. After 3 years can’t afford to move back. Stuck there hoping to survive the layoffs.
Austin, Wave 1 got a good package to relocated and got Sh1tcanned a year later. As they had taken the relocation, no severance. Wave 2 said lay us off up here.
Utah, very interesting. They got great packages to relocate and then got siphoned off into local companies. They upped the talent pool in Salt Lake and SL took advantage of it. Step out of IB for a slight drop in pay, but get your life back and take your kids to the slopes to Ski.
Florida. One step closer to retirement. Lots have parents down there anyway so the move really works.
Grab the popcorn, we have a Staten Island Throw Down!
https://www.politico.com/story/2018/05/02/staten-island-grimm-trump-donovan-563755
Teachers are underpaid and had uber benefits. The benefits are starting to normalize. Cops and firemen, are overpaid and still have most of their uber benefits. Why? There are much less of them, so they’ve never been targeted, plus they tend to align with the red team which offered them some protection from CC.
As for Fab’s numbers? Forget about it. These numbers are real. No one started speaking about the medical liability until recently. And it’s not that CC didn’t pay. He paid more than any dem or republican before him did. It’s just that the numbers are ballooning as more and more people are retiring early making the unfunded portion explode.
BRT, Abbott could go a long way to bring some money back to schools not in the ghetto. But it won’t make a hole in the shortfall.
The typical Canadian home has never been so expensive – Business Insider
https://apple.news/ATSIbKTEmQB-TmZylpvYmlw
The pension is dead in the water. I will be excited to collect 50% on what’s promised to me. I’d settle for 25%. I’ve got a plan for retirement and it involved not staying immersed in perpetual poverty like the rest of the people in my profession. Pension issues aside, teacher pay in general sucks. I’m not complaining about my situation. I’m golden and have a gigantic tutoring business on the side. I don’t know if I last 25 but I’m putting money aside to possibly start a business on my own.
I’m just fighting for those 22 and 23 year old kids that work hard and are destined for a life of mediocrity unless they get out and go somewhere their skills are valued. This is the future of the profession, and it has everything to do with pay being less than stellar.
Cape Town’s Water Crisis – AJ+
https://apple.news/AfT6funMzTGGmTfDoCFCs_g
Lib, are you questioning my numbers? OK what was the defecit when CC joined. How much of that 160 Billion do you put on him.
Here is what I remember. I wish I could pull up all the old posts on this, but they were erased from history for another reason.
When CC came in and started the hardball act, a lot of the old timers said F’this, I’m done. From the 55 with 25 up through the ones that had 35-40 years plus in the system went from payers into the system (and they where paying at the top level) to consumers of the system.
The number I recall from back then was 35,000. All those positions where back filled in the districts with new hires or lower scale (i.e. paying in less, but accruing future liabilities.
A lot has been made of the Corzine Lehman investment. Where did CC put the dollars in this big run up to Trump Greatness?
CC may not have started the hole, but the bottom half where it was dug deeper is ALL on him.
Gov. Chris Christie’s pension, benefits cuts could prompt 29K N.J. teachers to consider retirement
http://www.nj.com/news/index.ssf/2010/04/gov_chris_christies_pension_be.html
Talking about digging holes deeper!
https://twitter.com/twitter/statuses/991863722552516609
He has the Keystone Cops of Lawyers.
The comments on this are fantastic,
https://twitter.com/kylegriffin1/status/991848650073559040
Rudy is our “Secret Santa”