From the Star Ledger:
Hudson River rail tunnel gets green light from the feds to start building it
A major and final bureaucratic hurdle has been cleared by the Gateway Tunnel project after the U.S. Army Corps Of Engineers issued a permit to allow construction of the tunnel and tracks through the Meadowlands and under the Hudson River.
The permit was announced Wednesday morning that allows construction of the $12.3 billion project to build two new tunnels and rehabilitate the exiting 111-year old tunnels to start in summer 2023, once funding is secured.
…
The tunnel increases capacity allowing more trains to be sent to and from Penn Station, opening up access to NJ Transit lines that don’t go to New York. The tunnels are a key part of Amtrak’s high speed rail and Northeast Corridor upgrades. It would end delays due to infrastructure problems with the old tunnels built in 1910.
…
Gov. Kathy Hochul said the tunnel was important for the economic vitality of New York, which produces 20% of the nation’s gross domestic product.
“The Gateway project will help support the economic prosperity of New York and the rest of the country for years to come, which is why we need to get this project right and get it moving,” she said in a statement.
Construction of new tunnels and rehabilitation of the existing tunnels is estimated to be completed in 2035, GDC officials said in November.
Foist
I’m guessing they will finish in 2050. By then everyone will be working from home and NYC will be deserted except for rats and deer.
Did Snake Plisskin use the bridge or the tunnel?
The original North River tunnels took 8 years to construct, including planning.
We’ve been talking about the Gateway tunnels for 10 years already. We have 13 years more planned, but even that’s just an estimate.
Grim
Even graft has inflation
The Meadowlands Mills/Meadowlands Xanadu/American Dream took 25 years to build from conception to public opening. These tunnels will take the same amount of time and will wind up being twice the projected cost only to be partially used. Commuting as we know it, no longer exists. Every home has a full office, two to three screens equipped with audio and visual capacity. The shipped has sailed and there’s no turning back. This project is just another excuse for graft and abuse.
Oh, and the American Dream wound up being a colossal failure.
Google is not returning to office in Jan. WFH forever? Why build tunnel when demand will be down 50% in future?
NYC should just make a zipline across the river. That would be green.
Non-farm payrolls: +210,000 vs. +550,000 expected
Thank you, President…. ooops.
Toys R Us opening up a megastore in American Dream.
Oh, and the American Dream wound up being a colossal failure.
But damned if they don’t stop tryin’
NYC region and offices are dead. She should talk to 3b, he will explain how WFH has replaced offices and in person collaboration.
Lol…just busting your balls on a Friday morning.
20% of our GDP comes from this tiny region. Simply amazing.
“Gov. Kathy Hochul said the tunnel was important for the economic vitality of New York, which produces 20% of the nation’s gross domestic product.
“The Gateway project will help support the economic prosperity of New York and the rest of the country for years to come, which is why we need to get this project right and get it moving,” she said in a statement.”
BTW – back in the day when the first tunnels were built, construction on the existing tunnels in Weehawken started in June 1903 and was completed in 1906 when it met the work digging from the Manhattan side. After digging and blasting the rock it was all mud so they used massive 194-ton shields with compressed air machines that pushed forward an inch at a time, they then installed massive iron rings, each ring segment bolted weighed 22 tons and was bolted together and then layered inches concrete over the iron rings. The existing tunnels are really solid iron rings with concrete layer on the inside. It was the longest tunnel in the world once completed in 1910.
To get an idea of what they are going to do using newer Tunnel Boring machines, check our the pics of the just completed 2.5 mile long Hudson River water tunnel, which runs under the Hudson River from Newburgh to Wappinger NY, it will carry 1/2 of NYC water supply.
https://www.flickr.com/photos/nycwater/sets/72157718511582733/
Pump: Don’t blame me, you are stuck in the past. As Bystander noted Google contouring WFH into 2022. I told you more news on WFH was coming in January; Google announced earlier. We are almost 2 years into WFH at this point it’s not going back. And we will leave it at that for the sake of the blog today as it’s Friday.
American Dream was a money laundering project. What ’till you see the hatchet job they do with the tunnel crap.
The Fed dropping hints all over that rates will rise next year. Jerome dropping transitory in describing inflation, as they finally recognize it’s not.
Juice: By the time they finish the tunnels they will have to be replaced. They won’t last 111 years like the old one.
They should start abandoning cities as we speak. Abandon this tunnel project and abandon the NYC metro area and move it all to the suburbs across america. Cool story. LoL
3b says:
December 3, 2021 at 8:58 am
Pump: Don’t blame me, you are stuck in the past. As Bystander noted Google contouring WFH into 2022. I told you more news on WFH was coming in January; Google announced earlier. We are almost 2 years into WFH at this point it’s not going back. And we will leave it at that for the sake of the blog today as it’s Friday.
re: “American Dream”
Toys R Us pop up store for the Holidays?
Ghermezian needs a new equity partner or he can just toss the keys back and call it a day, lawyers have been negotiating forbearance or extended terms for months now.
$3B in debt overall
$1.7B in construction loans from JP Morgan and other private equity investors
$800M of municipal bonds called PILOT notes (payment in lieu of property taxes)
$290M of muni bonds are backed by a pledge of 75% of the sales tax receipts on mall purchases…
That is allot of foot traffic and sales to generate..
I would love to know what the daily footfalls are now in that place. I doubt it even comes close to the Garden State Plaza…
On the real, I know a lot of people in corporate. A lot are no longer working from home. Seems to be tech and nyc offices still in wait and see mode with this virus hanging around.
Jersey offices are pretty much all back. That’s because we are go getters. lol
Pumps: Now after all this time you know a lot of people in corporate, multiple times when you were asked before, all you knew was your wife and Brother in law who works for an accounting firm. He was WFH you told us, and thought it was a great way to take advantage of his employer. Now all of a sudden you know lair of people in corporate. I don’t know why you feel the need to lie.
Honestly, the future is cities and dense living. If you want to be sustainable, this move from cities to suburbs is not sustainable. Why would you want to spread out the economy instead of concentrating it in dense corridors. It only adds to the efficiency of the overall economy when it comes to moving products/people around; hence, making it easier, requiring less energy, and making it more efficient overall.
As soon as covid is no longer an issue, the economy will resort back to this. It’s inevitable long term.
Pumps – your anecdote about your friends does not jive with the data.
New Jersey Office Market
Average Asking Rent (Price/SF) $29.92
Availability Rate (%) 26.3%
Net Absorption (SF)
110,162
An uptick in large block leasing activity helped stabilize the Northern New Jersey office market during the third quarter of 2021. While the Delta variant has inserted some uncertainty into return-to-office plans, high vaccination rates, combined with new state incentives, are spurring corporate occupiers to make long-term commitments to offices. Challenges remain with a historically high availability rate of 26.3%, which has risen from 21.8% at the beginning of 2020. Asking rents remain stable, averaging $29.92/SF, but increased concessions continue to be common amid tenant-friendly conditions.
https://www.nmrk.com/storage-nmrk/uploads/fields/pdf-market-reports/NorthNJ-Office-Report_3Q21.pdf
3b,
Most of the people I know work in corporate. I grew up in north jersey for god’s sake.
“Oh, and the American Dream wound up being a colossal failure.”
Which one, the Meadowlands, or MAGA?
Cause both seem to be on life support right about now.
Juice,
Anecdotal, but I really don’t know too many people working from home still. Yes, there are some, but it’s not at the high rate it was at its peak.
3b -old tunnels are in real bad shape too, leak all the time, they close one nearly every weekend to do emergency repairs. Their unique construction is why they are still there. They are not concrete on the outside they are iron rings.
Irish immigrants and African Americans were the Sandhogs who did all of that dangerous work, and it’s all well documented through black-and-white construction photographs.
https://invention.si.edu/battling-under-river
Cause both seem to be on life support right about now.
The American Dream lives in the form of smash N grab, higher taxes, higher inflation, manufactured class envy, exemption for illegal entry, a fight to murder babies and soc1al quotas disguised as progress. Oh, and don’t forget the rats moving into upscale digs in Upper Manhattan.
Pumps? Data Data Data. sure it came back a bit as it was down because nobody was allowed to travel, but we are no longer in lockdown. Please remember the difference between you aren’t allowed to go into the office and now.
MTA Subway ridership
Wednesday, 12/1/21 3,313,915 55.4% of Comparable Pre-Pandemic Day
NYC Buses
Wednesday, 12/1/21 1,344,750 59% of Comparable Pre-Pandemic Day
Long Island Rail Road
Wednesday, 12/1/21 163,200 57% of Comparable Pre-Pandemic Day
Metro-North Railroad
Wednesday, 12/1/21 136,100 53% of Comparable Pre-Pandemic Day
Eddie, you need to start taking the blue pill instead of the red one.
You aren’t ready for the future. I’ll have Neo prescribe you some.
It’s beautiful and sunny in America today, partly cloudy with death. Can’t wait to return to NYC.
A Columbia University student was stabbed to death near the Manhattan campus on Thursday by a gang member who was arrested after stabbing a 27-year-old tourist 15 minutes later
R rate in South Africa is up to 3.5.
https://www.dailymail.co.uk/news/article-10271495/R-rate-Omicron-epicentre-South-Africa-soars-one-3-5-just-weeks.html
re: R rate in South Africa
Yeah 1.8% is out of control…. 3.5 is lockdown time…..
Juice,
I’m willing to bet hard that once this virus is gone, and the slack in the labor market loosens up…bosses are going to want their workers back in a centralized location that allows for maximum efficiency. It’s a competition right? You don’t win your competition with employees you never see and barely know vs a highly efficient centralized based competitor.
Sales is going to go hard in face to face in no time. It’s so much harder to sell over a video or phone compared to in person.
But maybe the metaverse picks up its speed, and we will all wake up, put on our virtual reality goggles and go to work in the metaverse. I could see this happening, but I would much rather we live in reality than some digital world. What’s the point of being alive? Basically living in the matrix at that point.
Unemployment rate down to 4.2%. Thanks Joe. By next year, we will be upper 3% and dopy red hats will have to scratch head on how this occurred because tan god was only person capable of full employment . What they won’t recognize is that he was pure twittering BS as was his economic genius.
NYC unemployment rate (those living in the boroughs) is still a staggering 9.8% double the national rate.
Thanks Joe!
NYC city failed to add any new jobs from July through September, putting New York 525,000 positions below the record set pre-pandemic in early 2020.
Thanks Joe!
And I know the virus will never be fully gone….just meant when science has it under control. Right now they don’t, hence, why google pushed out its plan for return to office just like others.
67% of New York’s GDP is built on the office sector, where is the growth? Where are the jobs going if national unemployment is 4.8% and NYC is 9.8%?
Day trading bitcoin millionaires don’t need to work. NYC is full of them. Thanks Joe.
How many maintenance jobs are tied to those offices not being used? That’s where this number comes from I bet. All the suppliers and maintenance workers prob fill most of this number.
Juice Box says:
December 3, 2021 at 9:44 am
67% of New York’s GDP is built on the office sector, where is the growth? Where are the jobs going if national unemployment is 4.8% and NYC is 9.8%?
Pumps you nailed it right on the head this time. Metaverse
Owning real property is living in the past… metaverse is the future…
“Metaverse Real Estate Piles Up Record Sales in Sandbox and Other Virtual Realms
Firms’ purchases of digital land in online worlds are bets that property values will rise as more people join in..
The latest hot real-estate market isn’t on the scenic coasts or in balmy Sunbelt cities. It’s in the metaverse, where gamers are flocking and digital property sales are setting new records.
A growing number of investment firms are acquiring digital land in worlds such as the Sandbox and Decentraland, where players simulate real-life pursuits, from shopping to attending a concert. They are betting that individuals and companies will spend money to use virtual homes and retail space and that the value of properties will increase as more people join the worlds.
Investors’ interest in virtual real estate got a boost last month after Facebook renamed itself Meta Platforms Inc. and said it would focus on online worlds, commonly called the metaverse.
That interest reached a new peak on Tuesday when Republic Realm, a firm that develops real estate in the metaverse, said it paid $4.3 million for land in the world Sandbox, the biggest virtual real-estate sale publicized to date, according to the company and to data from the website NonFungible.com, which tracks digital land sales.”
https://www.wsj.com/articles/metaverse-real-estate-piles-up-record-sales-in-sandbox-and-other-virtual-realms-11638268380
Funny, when Chris Christie poopooed the tunnel in was an 8 billion dollar project with NJ on the hook for all cost overruns. Not even four years later, it’s up to 12 billion.
Hmmmmmmmmm?
Then again, what’s 4 billion? When your unfunded retirement liabilities are over 200 billion and your state nets only 40 billion per year.
That’s right. We can issue more bonds to make up the difference. It’s all the Wall Street debt creators know. And we keep electing them!
Pumps: Stop lying, I said I was going to not do the WFH schtick today but when you lie I call it. I asked you for months if you knew anyone in corporate America, and you always deflected the question. You finally mentioned your brother in law , and now months later you know many because you grew up in north Jersey. Just stop lying.
Unemployment at 4.2%… prison expansion, government subsidies, pot dispensaries and gender reassignment consulting is big business.
Juice,
Scary world tech is leading us towards. Life will become a video game. Scary stuff.
We thought social media was damaging, wait till we see this.
Juice: I am very familiar with the Sandhogs and all the Irish immigrants and Black Americans that provided the dangerous back breaking work.
My point was that those old tunnels although in bad shape may be far superior in construction than what will replace them.
Time to get those T Cells pumping away…headed out for my booster shot…Pfizer…..
Two more truck accidents on 78. One coming home yesterday westbound and a huge truck fire this morning that has the road completely closed still. There’s nothing like a two hour round-trip drive of about 50 miles to drop your kid off at school. I love this state. It’s a half day today, so I should be getting back into the mobile office in another hour or so.
Express lanes will be closed the rest of the day. On the bright side, I save $1.90 in tolls when I go the back way through the ghetto.
https://www.tapinto.net/towns/union/sections/police-and-fire/articles/multi-vehicle-crash-closes-route-78-in-union
“Life will become a video game.”
It already is. Just like the Easter Egg in Sim City where if you typed, “FUNDS,” you would get free money. Today you just print money instead of worrying about generating tax revenue. I am so prepared for this world. Heck, I made my first avatar back in the 80s. Bring it!
Docusign got mauled today (-40%). ARK holds it. Inverse ARK good for another 5% at opening. Outflows in ARK are inevitable and now it’s going to be a feedback loop on all those small caps she holds. If Tesla even falters, the rug is officially pulled. Elon is selling and it’s down 4%.
3b,
Most of us all live in north jersey, we all are pretty well off. You think we are friends with retail workers? If someone doesn’t work in corporate, they are in plumbing or electric, they own their own business, or work for the govt as police or teacher. This pretty much describes most of my friends.
Lib,
All that talk about NASCAR yesterday. I commute. Rt 80 is like NASCAR, only about 50 MPH slower on the straights, without rollbars or safety equipment and numbered cars.
Just sprinkle in the middle some trucks, oblivious mini van drivers, and some geriatric drivers into the middle of a NASCAR race and you get the picture.
I find it fun, usually. It’s like watching the dreams, motivations, and desires of the average American expressed through their driving styles.
I love me some fear. FEED ME. I’m hoping it falls another 10-20%, it’s going to be so much easier for Cathie to make even bigger gains over the next 5 years with each drop. I said the other day, we might get one more final flush of these high growth stocks and it’s happening.
It’s funny, people were complaining they were overpriced. Now they aren’t. So why in the world would you sell or short at this point. This is a full blown black friday sale on high growth stocks. BOO YA!!
BRT says:
December 3, 2021 at 10:14 am
Docusign got mauled today (-40%). ARK holds it. Inverse ARK good for another 5% at opening. Outflows in ARK are inevitable and now it’s going to be a feedback loop on all those small caps she holds. If Tesla even falters, the rug is officially pulled. Elon is selling and it’s down 4%.
Anyone have a clue to sell? I have a buyer.
“Most of us all live in north jersey, we all are pretty well off.”
I have friends whose job it is to mop up blood all day. They aren’t well off.
Pumps: I caught you in a lie, and now you are deflecting again. There are many of us on this blog who have been commenting for months on our WFH experiences , spouses, other family members, friends, neighbors, all in different sectors of corporate America. We provided numerous examples, experiences , what various companies were doing etc. during all that time you did not provide one example or note one person or company regarding WFH. I asked you repeatedly and you deflected the question or remained silent, you finally at one point noted your brother in law and how he was abusing his employer with WFH. We in turn noted if true he would eventually be found out.
Now months later you know lots of people that work in corporate. I just don’t know why a dirty something year old man feels the need to lie.
I wonder if those who mop blood all day are considered be “producers” or deadbeats?
President Biden unveiled a “winter plan” intended to combat the new coronavirus strain in the coming months:
“We’re going to fight this variant with science and speed, not chaos and confusion.”
Symbolism at its finest. I want to meet the people who are nodding their heads in agreement to statements like this coming from a person with dementia.
Eddie,
America’s boomers voted for him. And over 50 percent. He won.
America got the president it deserved.
Forty something year old man needs to lie.
Phoenix: I didn’t vote for him or Trump.
This time is NEVER different!
The bigger the party, the worse the hangover – no exception. Markets are driven by human nature which doesn’t change.
Greed –> fear –> greed –> fear
Markets overshoot in both directions.
Bubbles always pop; always.
I was referring to this blog with the statement below. I doubt most of you are any different from me when it comes to the people you associate with.
So everyone else here; are the majority of your corporate friends and family all working from home? Be honest.
“Most of us all live in north jersey, we all are pretty well off.”
I truly believe this is a fear induced dip, followed by another mega rally. Jobs report just reduces pressure on tapering and has already lowered treasury yields. High growth stocks are in way oversold territory, but remember, the market consistently overshoots in either direction. So when it will stop, who knows, but I would think soon.
3b,
Me either. But that is still what happened. He was programmed to be the chosen one.
Phoenix: Selected by the powers that be. Then instructed to pick Harris for check the box purposes, and she has turned out not surprisingly to be a disaster. Her top aides are resigning , don’t want to be associated with that disaster, and the Democratic establishment has to figure out how to get rid of her as she won’t win the Presidency, but she won’t go quietly. Meanwhile over on the Republican side, no one on the horizon I would vote for, and so it is what it is.
America got the president it deserved.
Indeed. Brandon is the product of a chubby and underwhelming populace addicted to gossip, fish sticks and Netflix.
Pumps: Deflect and lie, is part of the doctrine.
It’s funny, people were complaining they were overpriced. Now they aren’t. So why in the world would you sell or short at this point. This is a full blown black friday sale on high growth stocks. BOO YA!!
Because she has no way out. She can’t sell the bottom part of her portfolio because she holds 10 to 15% of all those crappy companies that she caught knives on. She can only sell the top part of her portfolio to stay afloat. We all told you in Feb, she built a ticking time bomb. The fuse it lit.
Plenty of those companies will be a buys at some point. This ain’t it, and it hasn’t been it for the past 12 months.
Indeed. Brandon is the product of a chubby and underwhelming populace addicted to gossip, fish sticks and Netflix.
And a narcissistic upper crust that thinks they are so much better than those who actually have to show up at a job instead of WFH. A crust so crusty who believe they are the only “producers” on the planet.
3b
Agreed. This country has no direction, no unity at all. In China, they have direction and unity-even if it is forced by the govt, it is still unity. Documentary done by German media, they live like an episode of Black Mirror- they get social credits for being good and demerits for not doing the right thing.
Don’t worry, Apple, Google, Musk, Bezos, and Zuck will get together and design something for future America. Those begging for “law and order” right now are the ones who are going to be crying as the police baton is stuck up their sphincter in the future ( just look at those whiners when they are escorted by the blue at school board meetings.)
Indeed. Brandon is the product of a chubby and underwhelming populace addicted to gossip, fish sticks and Netflix.
All things provided and marketed to them by Corporate America. Did you make money in Netflix stock?
Previous comment. And yes, healthcare is becoming more and more corporate. Much of it owned by private equity. This is good, right? It’s business, it’s corporate, its Radical Capitalism, the best kind there is. Greed is good, money money money.
But then someone posts this. So do we believe in Radical Capitalism or not? Or it’s okay for some, but not for others? So one profession Radical Capitalism is fine and good, like finance or sports, but not for medicine?
You opened the door, now you get what you get. Don’t worry, it’s sustainable. Just watch it happen.
“If the entire corporate world is greedy, the entire public sector is lazy.
That said, we need to change our healthcare system, it’s not sustainable, and a public-sector option clearly is not working.”
BRT,
Save the fear mongering. Doesn’t work on someone like me.
I know her funds will be valued much higher in 5 years, these are all deals to me on the long term scale. It took 6 years for her funds to finally peak and bust. That cycle is finished and the new cycle is starting now.
Market psychology is wild. These short term traders were jumping hand over fist to buy making it overpriced. That’s not the case anymore. Just like that herd made it overpriced during euphoric stage, they are making it a fire sale on the fear induced downside.
You can call the companies she targets crappy, but the fact of the matter is that some of them will be big time long term winners.
Sorry, typo – I obviously meant “private sector option” is not working
They used options to drive it up, and now are using options to drive it down. The short pressure is a god send to people playing this long term. Creating beautiful opportunities to buy on fire sale. Like I said, hope they drive it down another 20%. That would be a f’ing amazing christmas present.
“That’s not the case anymore. Just like that herd made it overpriced during euphoric stage, they are making it a fire sale on the fear induced downside.”
Just watch what happens when you open the biggest door of all, amending the American Constitution.
That is coming too. Someone is going to want a single change-which opens the door to multiple changes since once the door is opened everything is up for grabs.
It will turn out badly.
Juice,
Metaverse? Sounds like the Sims, where you had to ensure character bought a home, woman was happy buying stuff and they don’t p&ss their pants.
“Unemployment at 4.2%… prison expansion, ”
True. Have a alot of rioters and Trump derelicts to prosecute, maybe even the big clown himself. Doing everything in his power to block her whereabouts/diary on Jan 6th. Wonder why?
This is no different than my position the last decade on this blog with housing. I said over and over to maximize a low rate loan into housing from 2012-2020. No one listened. I said that this is the time to buy when no one wants it. That’s how you play it long term, but no one listened. Now apply this exact logic to high growth stocks in disruptive tech. If you are playing it long, it’s easy money just like housing was.
“Save the fear mongering. Doesn’t work on someone like me.
I know her funds will be valued much higher in 5 years, these are all deals to me on the long term scale. It took 6 years for her funds to finally peak and bust. That cycle is finished and the new cycle is starting now.”
3B – re: “My point was that those old tunnels although in bad shape may be far superior”
There is some truth to that they are not getting rid of the old north tunnels, they are spending about $2.2 Billion to redo them. I gather the original iron rings will remain and all concrete removed and replaced.
where you had to ensure character bought a home, woman was happy buying stuff.
Sounds pretty realistic to me. Any shooting of people in wheelchairs?
Bystander – You too now can be a be a landlord in the metaverse. Fear not you don’t even have to have real money to buy these properties either just courage. You can now buy up digital tracts of land in the metaverse using Cryptocurrency…. Of course, there isn’t just one metaverse. Zuck says he is spending $10 billion this year alone in development, so I would think his metaverse is looking to be #1.
How much do houses cost in the Metaverse Wayne suburb? I have some CryptoQuarters to spend.
Here is a decent story laying out Zuckerberg’s plans for his metaverse. Spend $60 billion over the next five or so years and no rush for profits in the next 10 years either.
https://videoweek.com/2021/11/17/the-knock-on-effects-of-facebooks-huge-metaverse-spending/
Doing everything in his power to block her whereabouts/diary on Jan 6th. Wonder why?
It’s in Hunter’s laptop.
Phoenix – Once the metaverse takes over you can buy any real world property right out from under people, as the right of possession will no longer exist in the real world, all transactions will be in the metaverse, via metaverse rules with metaverse non fungible token money….
Yeah, that makes sense. Give a 12 year old a felony and a 20 year prison sentence. It’s dumb what the 12 y/o did, but adults using this as a response are even dumber than that.
“Tuesday’s tragic shooting at Oxford High School has created a tidal wave of copycat threats to area school districts, prompting more than half of the public schools in
Oakland County and other districts outside the county to suspend classes,” the sheriff’s office said in a statement.
One of the threats involved a 12-year-old who exited a school bus and said he was going to “shoot it up,” Bouchard said.
Oakland County Prosecutor Karen McDonald said her office would charge offenders with a false threat of terrorism, a felony with a prison sentence of 20 years.
Dismal job numbers, markets continue to tank…
Thanks, Joe!
Juice,
With the American Justice System, or AJS, I would believe that legally they could make something like this happen.
We are a country of law….
https://www.amazon.com/gp/product/B0895JQLTR/ref=ppx_yo_dt_b_d_asin_title_o00?ie=UTF8&psc=1
Lib – “Not even four years later, it’s up to 12” Not even close to what the actual costs will be. This is FU pay me country. How many fully loaded concrete trucks will head in the front gate of the job site in Weehawken and then head out the back gate fully loaded, and off to a second job site to unload?
Phoenix – it’s unprecedented.. just like the news today that Michigan’s high school shooter parents were just charged with 4 counts of homicide involuntary manslaughter.
Imagine that precedent comes to pass? Every time some kid kills someone his parents go to jail? We are going to need to build more prisons.
As of right now, the SP500 is down 4% from the day before Thanksgiving (Nov. 24).
TSLA down about 9% since then.
Since it has been six trading days of these kinds of prices, I’d imagine some of the margin calls are starting to be enforced on retail traders that had gone aggressively long on leverage. Good for market stability that some of these aggressive hands are getting shaken out (obviously tough for the individuals involved).
Example that I have in mind, if I understand the market dynamics correctly:
someone with $100k in a cash account on Wed. Nov. 24, could have gone long using $50k extra of margin. That guy buys $150k of TSLA shares on Nov. 24. As of today, he is down to a position worth $136,500. He would need cash equity of $91,000 to hold this position. However, his cash equity is down to $86,500. He needs to either post $4,500 extra (or really a little bit more, because margin interest has been running against him) or the broker will start liquidating.
Scale it up or down to make it interesting (did the guy go long $150k, $1.5m, $10.5m, $105m?), account for this negative movement in terms of a person’s net worth, and due to this, today is the worst day of someone’s financial life. I suppose, though, unfortunately any given day is the worst day of millions of people’s lives around the world.
Juice: The Occulus started to leak shortly after reopening, and the tile walls and floors in the WTC mall starting to crack shortly after opening. Don’t know if it’s shoddy materials or workmanship or both. But I am guessing the old tunnels built better than anything today.
crushed – re: margin calls. The Yolos over on /Wallstreetbets have been posting interesting pics.
https://www.reddit.com/r/wallstreetbets/comments/r83f34/i_just_dropped_420k_on_850_tsla_calls_and_fds_if/
Juice,
Until you experience the AJS, you have no idea. It’s a system designed to protect itself, and, as Carlin said, give you the “Illusion” of security and justice.
Cameras and the internet have let the cat out of the bag. China realized this and this is why they censor everything.
America will do the same thing or implode. Go back to 1976 and watch the movie Network. Nothing has changed.
‘ I want you to get up right now, sit up, go to your windows, open them and stick your head out and yell – ‘I’m as mad as hell and I’m not going to take this anymore! ‘ Things have got to change. But first, you’ve gotta get mad!… You’ve got to say, ‘I’m as mad as hell, and I’m not going to take this anymore!
I can’t wait to see how much time the AJS gives that little blonde Tastykake Elizabeth Holmes. Love how she claims now to be a victim of sexual abuse, this is what caused her to be a fraud. My guess is that she will get less time than the 12 y/o that made that comment on the bus .
https://nypost.com/2021/11/30/elizabeth-holmes-accuses-sunny-balwani-of-forced-sex/
Musk going to file bankruptcy and ask for a Govt bailout next?
Don’t worry, Brandon will give it to him. Or Trump, if he is voted in next.
I’m so worried about him I am going to get the stay-at-home mommies to knit him a blanket made of Whole Foods plastic bags so he can be warm this winter. They can even embroider a T for Tesla in the middle for him. Please send me some bags and a dozen cases of wine (cheap is okay, they don’t really know the difference even though they claim to) so they have something to drink while Junior is Zooming his classes.
Man, what exactly is in this cup?
https://www.reddit.com/r/PublicFreakout/comments/r815mi/this_man_has_the_patience_of_a_saint/?utm_source=share&utm_medium=web2x&context=3
Phoenix – crazy juice? I can imagine all her husband wants for Christmas this year is to go deaf.
Juice at 12:26 . . .
I truly do not think that those calls are going to print. Lol.
Pumpkin bullish on ARKK . . .
ARKK at $92.68. Are you buying this dip?
If I can make it there i can make it anywhere…commute to New York New York!!!!
Bryant Park area was always safe day and night. Not so much anymore.
“Amid a surge in some New York City violent crime, Wall Street bigwigs continue to encourage younger staffers to come into the office — but to do so with caution.
At Bank of America, senior executives have quietly encouraged younger employees to “dress down” to attract less attention as they make their way to B of A’s tower at 1 Bryant Park.
These execs have told their staffers that dressing up, or wearing anything with a Bank of America logo, could make them a target. One bank employee told On The Money he is on high alert after he spotted someone with a knife near the office during a recent trek to the Manhattan workplace.
Of course, it’s not just Bank of America where worries over crime pervade. The city reported a 15 percent increase in felony assaults over the past 28 days, as of Nov. 28, when compared to the same period a year ago, according to NYPD statistics. (Murder rates have surged 42 percent over the past two years, but remained largely flat over the past year.)”
Great delisting begins..
Didi announced it will “immediately” start the process of delisting from the New York Stock Exchange..
Don’t worry if you own shares you still own them, your bank can trade them for you OTC out of hong kong!!!
https://finance.yahoo.com/quote/DIDI/
Juice:Bryant Park just going back to what it was in the 70s and 80s. A Columbia student was killed in Morningside Heights and a tourist wounded. Thanks Di Blasio!
Phoenix – Holmes and Balwani were living together since 2005. It is kind of hard to claim she was not in that long term relationship voluntarily at one point. Perhaps it soured and perhaps he did control and abuse her but that does not excuse the fraud claims against her.
Waiting a little longer, and buying all the arkg that I can. Just hoping it goes to 50. I like all the ark funds at this price, but arkg is the most appetizing in my humble opinion. I would put the house on arkk at 80 and arkg at 50. Yes, I’m confident.
I’m so happy to have this opportunity. God bless.
crushednjmillenial says:
December 3, 2021 at 12:54 pm
Pumpkin bullish on ARKK . . .
ARKK at $92.68. Are you buying this dip?
New Mayor is coming and it will all get cleaned up as the tide against police enforcement returns to the mean.
3b says:
December 3, 2021 at 1:06 pm
Juice:Bryant Park just going back to what it was in the 70s and 80s. A Columbia student was killed in Morningside Heights and a tourist wounded. Thanks Di Blasio!
NYC is way too important to let thugs take it over. This is all due to deblasio, and as soon as he leaves, the cops start working for a boss they respect.
Nj covid cases going vertical, are we going to surpass the delta peak in the next week or two?
3b doesn’t realize this is why people still working from home are not back in the office. The minute this pandemic is over, you will see the whip crack, and back to the office.
grim says:
December 3, 2021 at 1:34 pm
Nj covid cases going vertical, are we going to surpass the delta peak in the next week or two?
Apple alerted 11 U.S. diplomats that their iPhones had been hacked in recent months by spyware from NSO Group, an Israeli-based company that helps government clients in dozens of countries secretly steal files, eavesdrop on conversations and track the movements of its targets, according to people familiar with the notifications.
Google said nothing.
Starting to loosen.
“Hiring Slowed Last Month but More Sought Work
The U.S. economy added 210,000 jobs in November, marking a slowdown in hiring amid new Covid-19 uncertainties, but a tight labor market showed an early sign of loosening as almost 600,000 people joined the workforce.”
https://www.wsj.com/articles/november-jobs-report-unemployment-rate-2021-11638480609?mod=hp_lead_pos1
Grim – re: “surpass the delta peak”
This would be the second delta peak.
Last 4 weeks of DNA testing for NJ testing shows 99% Delta (B.1.617.2)
No Omicron (B.1.1.529) yet.
Let’s hope Omicron is the beginning of the end.
“The Omicron variant presents a new threat to the recovery, depending on how easily it spreads and responds to vaccines, treatments and past infection. Another surge in cases could make people nervous about leaving the house to work or shop, resulting in slower economic growth.
Higher wages may be drawing people back into the workforce, economists say. Employers have complained of a shortage of workers and have been raising salaries and offering new benefits to entice new hires.
Average hourly wages were up 4.8% in November from the previous year, roughly on par with October but well above annual growth rates before the pandemic which hovered around 3%.”
Phoenix : – re: “Google said nothing”
Nice to know Apple is tracking our diplomats. I gather don’t want anyone else muscling in on their “eco system” aka racket….
BTW – Google’s CEO Sundar Pichai told congress he would need to look at your phone like a help desk technician to see what software was installed and if you were being tracked….
Build back better.
lmao!!
So now we have one tech Billionaire following another tech Billionaires lead and by change the name of the company and restructure.
Square Changes Name to Block, and their subsidiary Square Crypto, a separate initiative of the company dedicated to advancing Bitcoin, will change its name to Spiral.
Yields now 1.36% on the ten year. This is crazy. Clearly Powell misread the mood completely. Bonds are saying higher rates will kill the economy.
re: lmao!!
Eddie don’t be surprised if Manchin’s plane crashes over the holiday break, they plan on leaving town in two weeks and he has no intention of letting BBB pass.
Regarding Juice’s post on TSLA calls above . . .
Right now, you can sell the Dec. 10 $1450 calls at $0.49/share. You can hedge the potential loss by buying Dec. 10 $2000 calls at $0.05.
Thus, you can make $0.44/share to bear the risk of the stock rising at least 45% by next Friday (which, would be an all-time high by about 16%). Maximum loss around $550/share.
Best name change was Arthur Andersen to Accenture. Rats then, rats now.
Crushed those Calls are based on a crazy rumor, on musk’s tweet.
Elon Musk
@elonmusk
·
Nov 14, 2021
Due to inflation 420 has gone up by 69
Reply from McLovin
“Evidence of a splitty mcsplittsville is growing much like my beautiful bangs. Herein lies the evidence with slides for context $tsla
1) 420 + 69
2/ 129 orbital flights
3/ 3 trades 934,091
4/ 12M lbs thrust, 9 thrusters
5/ 10b5-1 plan filed 9/14/21
6) liked tweet from 9/12/21
https://twitter.com/adamhoov
Never convicted:
By the 1980s, standards throughout the industry fell as accountancy firms struggled to balance their commitment to audit independence against the desire to grow their burgeoning consultancy practices. Having established a reputation for IT consultancy in the 1980s, Arthur Andersen was no exception. The firm rapidly expanded its consultancy practice to the point where the bulk of its revenues were derived from such engagements, while audit partners were continually encouraged to seek out opportunities for consulting fees from existing audit clients. By the late-1990s, Arthur Andersen had succeeded in tripling the per-share revenues of its partners.
Predictably, Arthur Andersen struggled to balance the need to maintain its faithfulness to accounting standards with its clients’ desire to maximize profits, particularly in the era of quarterly earnings reports. Arthur Andersen has been alleged to have been involved in the fraudulent accounting and auditing of Sunbeam Products, Waste Management, Inc, Asia Pulp & Paper,[7] the Baptist Foundation of Arizona, WorldCom, as well as the infamous Enron case, among others.[8][9]
Two of the last three Comptrollers General of the US General Accounting Office (now the Government Accountability Office) were top executives of Arthur Andersen.[10]
https://en.wikipedia.org/wiki/Arthur_Andersen
And with all the fraud they committed we worry about petty looting…
Petty looting. Is that like stealing the gold from a fish?
Some employees are finding it easier to find workers this fall. After struggling to recruit over the summer, Edie Freeman has seen an uptick in job applicants lately at Thompson Hospitality, a food-service company where Ms. Freeman is senior vice president for human resources.
“In the last 30 days it has drastically improved,” she said. “We’re really close to being fully staffed.”
The growth rate in the services sector hit a record for the second month in a row in November, according to a survey of purchasing managers released Friday by the Institute for Supply Management.
A couple of weeks ago, Chelsea Ortiz started a new job as a certified nursing assistant at a hospital in the Las Vegas area. Ms. Ortiz, 26 years old, lost her job at a call center at the start of the pandemic and struggled to find work. After a while, she gave up.
“I got discouraged,” she said. “It just took a toll on my mental health.”
Eventually, she found a program through Goodwill of Southern Nevada that trained her for her current job. Now she is thinking about going to school to become a registered nurse.
Talk about a bubble Teton County. Holy sh!t!
“Teton County home prices, which took a beating in the aftermath of the 2008 housing crisis and remained stagnant for years, have now skyrocketed, with the median listing price at $749,300 in October 2021, up 44.9% year over year, according to Realtor.com. A 5-acre parcel near Driggs that cost $89,000 at the end of 2020 sold for $795,000 in April 2021, says Mr. Kelly.”
https://www.wsj.com/articles/pittsburgh-steelers-co-owner-stirs-up-debate-with-idaho-land-grab-11638461987?mod=hp_major_pos3#cxrecs_s
Petty looting. Is that like stealing the gold from a fish?
No, more like cheating on your taxes, or claiming your child’s birthday party as a business expense…
Looks like a vicious cycle of ARKK getting hammered and the subsequent forced selling of their positions. Not pretty.
The sky is falling…sell. Sell to me!! Rock n roll baby!
DollarBill says:
December 3, 2021 at 2:54 pm
Looks like a vicious cycle of ARKK getting hammered and the subsequent forced selling of their positions. Not pretty.
Haha. Religion. Help the poor!
Megachurch pastor Joel Osteen is questioned after plumber finds ‘bags and bags’ of cash and checks stashed in 500 envelopes in bathroom wall – seven years after $600K in donations was stolen from the church
Pumps :Give it a rest with your WFH demons , ain’t going back to the old days. As I have told you wait and see what’s coming
As for cracking the whip someone should crack the whip on you, the poor underpaid and unappreciated Teacher, who spends his days on this blog complaining how hard he works, while those of us who WFH are actually working.. Gotta pay those taxes so Pumps gets his pension. It is the Pumps doctrine.
3b,
WFH didn’t peak…nah. I’m just a teacher, I know nothing since I don’t work in a corporate office.
“DocuSign Inc.’s DOCU -42.85% shares tumbled more than 40% Friday after the company warned that consumers were returning to more normalized buying patterns with the widespread rollout of Covid-19 vaccines and the slow return to the workplace.”
“Customer usage for its services spiked during the pandemic as businesses adapted to remote and paperless environments, but it has since shifted as people have become comfortable meeting face-to-face again. Mr. Springer said the company’s execution in responding to the change was off.”
https://www.wsj.com/articles/docusign-shares-fall-more-than-40-as-customer-behavior-shifts-11638550104
Right on! LMAO
3b says:
December 3, 2021 at 3:16 pm
Pumps :Give it a rest with your WFH demons , ain’t going back to the old days. As I have told you wait and see what’s coming
As for cracking the whip someone should crack the whip on you, the poor underpaid and unappreciated Teacher, who spends his days on this blog complaining how hard he works, while those of us who WFH are actually working.. Gotta pay those taxes so Pumps gets his pension. It is the Pumps doctrine.
Lib,
Maybe you are right.
https://www.washingtonpost.com/news/speaking-of-science/wp/2014/09/15/veterinarian-explains-the-high-risk-surgery-required-to-remove-a-tumor-from-george-the-goldfish/
Pumps: Again, I urge reading comprehension on your part. You read an article and then draw the conclusion everyone is back in the office full time.
And again why is it you feel you are qualified to comment on corporate America with no experience, ( except for when you lied and said you did), but we are not qualified to comment on your profession or the public sector in general. Of course you won’t answer the question, maybe you can ask all these people that you suddenly know that work in corporate and see what’s happening in their companies. I know you only met them all yesterday so it might take some time to poll them all.
By the way how many hours did you actually work today? I am guessing 1 or 2 tops, then home at 3:00 in your comfy chair spewing out more of the Pumps doctrine.
In the end we all know you hate WFH as you perceive it threatens your household income.
New article on Woods and her funds. If TSLA dives, look out.
https://www.zerohedge.com/markets/cathie-woods-arkk-innovation-fund-etf-unraveling
3b,
Attacking me is not going to make you correct.
You think what you want about my job, I didn’t last 17 years by not doing my job.
Dollar,
Patience, but get ready to take advantage of the fear.
I am not attacking you, quite frankly it’s you who constantly attacks me with your obsessive fears and insecurities about WFH, but every time the topic comes up you reference me. Big deal 17 years, as you said yourself no one is banging down the doors to teach in the ghetto. And again you deflected on the question how many hours did you act work today ? Like I said maybe 1 or 2.
“You think what you want about my job, I didn’t last 17 years by not doing my job.”
An argument only a teacher could make.
More accurately I would surmise most people would not last a semester as a public school teacher.
How does one only work 1 or 2 hrs as a teacher?
Do I tell my students to get lost, I need a break? Asking for a friend.
“And again you deflected on the question how many hours did you act work today ? Like I said maybe 1 or 2”
A post only a mental midget would make.
Again, if the job is so easy and great, there are plenty of vacancies in urban schools. Go get it, please!
BoomerRemover says:
December 3, 2021 at 4:05 pm
“You think what you want about my job, I didn’t last 17 years by not doing my job.”
An argument only a teacher could make.
First Person, the School Shooter’s (MI) brother:
Ethan remained living with his parents in a small home in Oxford, less than two miles from where he opened fire.
Eli said he hadn’t spoken with Ethan or his father in two months but reached out to his dad Tuesday night only after hearing the news of a mass shooting at Oxford High School.
‘I was worried, I wanted to see if Ethan was okay because I knew he went there,’ said Eli, who also attended the school for a year. ‘And then that’s when I was receiving information otherwise.’
Unable to reach his dad, the 18-year-old called a former employer who told him that his old house in Oxford was surrounded by FBI agents.
He then learned that his own father bought the gun that Ethan used.
‘I didn’t know he had a gun till after this happened,’ he said. ‘It’s still hard to believe,’ he said. ‘I can’t believe it.’
‘As far as I knew, Ethan was always good,’ Eli added. ‘He was just quiet, kept to himself, kept his circle of friends small. He was a clean kid, didn’t smoke or do drugs, nothing.’
‘And he got good grades,’ Eli said. ‘He wanted to be an archaeologist.’
‘When I was living there, nothing seemed off, ‘ he continued. ‘We’d just walk to the bus stop in the morning, go to school, come home, maybe play some football outside or basketball. We’d just chill, wouldn’t do much.’
Ethan was on the bowling and soccer teams in middle school, he said, but didn’t play team sports in high school.
He said his brother’s biggest hobby was video games, which he’d play at night. His favorite was Minecraft.
Asked whether he knew of any other problems Ethan was experiencing, Eli noted that they had an aunt who died a couple months ago and that Ethan recently also lost his pet dog, Tank.
‘I really don’t know what his reasoning was behind this,’ Eli said.
He was surprised to hear that bullying may have been a factor. Ethan wasn’t ever bullied as a child, according to Eli.
‘I would like to talk to him,’ he said, ‘but I don’t think that’s something that’s going to happen for a while.’
“The minute this pandemic is over”…hah, you really don’t get it. I think Ed and I agreed on one thing – this was just app to main course. Do you get power (weakening of US I mean) that comes with pulling us up/down, left/right and screwing with our work lives, incomes, family health while dolts point at each other blaming left or right for problem?
You just don’t get it..it will never be over. The marionettes are on strings now, scared sh&tless of next virus.
Covid woman:
https://www.reddit.com/r/PublicFreakout/comments/r7el6e/i_need_to_breath_air/?utm_source=share&utm_medium=web2x&context=3
More accurately I would surmise most people would not last a semester as a public school teacher.
More accurately I would surmise most people would go running back crying to be taken back as a public school teacher after working one semester in my career.
Weird world we live in, or maybe it’s just me being weird… An old high school neighbor of mine who lives out of state came to visit her mother who is in long term care home in Bergen County. This old neighbor is friendly with my mother so tonight she is staying with my mom and get this she is sleeping in my old room. I could never get her up there when we were teenagers!!!
5:05 Touche!!
4:57 It’s not a “fear” per se, it’s more about getting really, really sick and possibly dying because a bunch of miscreants think they are immune…..naturally.
Ex – whole lotta crazy there shooter recorded a video the night before, the sheriff found it on his phone and have also found a written journal from the shooter as to why he was doing it. I am also thinking he ran out of bullets before he could kill himself.
Whatever happened that day his parents met with administration over his behavior, perhaps they should have gone and taken him home if he was having a mental health crisis. Instead they (parents) sent him back to the classroom.
BTW – parents are now on the lam, prosecutor says they cannot find them.
I don’t know where they got the details for this story but it’s nuts.
https://www.nytimes.com/2021/12/03/us/crumbley-parents-charged-michigan-shooting.html
I am also thinking he ran out of bullets before he could kill himself.
Guess he wasn’t good at doing math.
Ex: in Huntsville AL. Walk into a whiskey/cigar place and they are blasting this.
https://m.youtube.com/watch?v=e7Y699aQvJk
Juice,
Don’t worry. Semen doesn’t stay motile that long. She can’t get pregnant from old emissions of impure thoughts.
Phoenix – news says he fired 30 rounds, that gun holds 10 per mag. He unloaded and reloaded the gun, to fire more twice and emptied out what he had…
Chi – Classic Rock…Like High School when they played the Doors at a party..
Thank god Phoenix I was really worried!! That room might still hide some socks and other things filled with the stuff..
Jb
hahaha
So did this teacher tell the School Resource Officer what she had found?
Wow 55 year old Halley Berry in Bruised an MMA fighting movie on Netflix.
]What kind of fountain of youth drugs are they hiding from us?
ADDERALL.
5:33 — That’s a good sign! Just sit with your back to a wall. :)
Y’all should do night classes and get your MPH.
Go loooong epidemiology.
Going to be plenty of sweet government pension jobs.
5:26 This kid is toast, they keep him behind bars for the rest of his natural life.
He’s lucky MI is not a death penalty state. In terms of the parents, they are making an example of them. The woman from Sandy Hook was already dead when her parent-armed kid went amok. She would have almost certainly been hung out to dry.
These parents look like complete and total losers who somehow armed a psycho.
Mikey likes it! Lol
This is great. 80% off their 52 week high. Is is overpriced now?!
“The painful losses have left all but 2 of Wood’s constituents more than 20% off their recent high, meaning they are in a bear market.
Just Trimble and Tesla are less than 20% from their high, but the pair are both more than 10% from their 52-week records. Berkeley Lights, Proto Labs and Skillz are all more than 80% below their 52-week highs.
Wood spoke to CNBC this week and kept her conviction in Ark’s strategies, which focus on “disruptive innovation” in five digital plaforms: DNA sequencing, robotics, energy storage, artificial intelligence and blockchain technology.
Wood said her strategies are set to quadruple over the next five years, after their underperformance this year.
The portfolio manager expects the next few years to bring the “most spectacular period for innovation that we have ever seen,” said Wood.”
https://apple.news/ArOC4ZcQCQDufRPyGgNh0Vw
5:56 Median Pay $75k
What Epidemiologists Do
Epidemiologists are public health workers who investigate patterns and causes of disease and injury.
Work Environment
Epidemiologists work in offices and laboratories, usually at health departments for state and local governments, in hospitals, and at colleges and universities.
How to Become an Epidemiologist
Epidemiologists typically need at least a master’s degree to enter the occupation. Most epidemiologists have a master’s degree in public health (MPH) or a related field, and some have completed a doctoral degree in epidemiology or medicine.
Pay
The median annual wage for epidemiologists was $74,560 in May 2020.
Job Outlook
Employment of epidemiologists is projected to grow 30 percent from 2020 to 2030, much faster than the average for all occupations.
About 900 openings for epidemiologists are projected each year, on average, over the decade. Many of those openings are expected to result from the need to replace workers who transfer to different occupations or exit the labor force, such as to retire.
State & Area Data
Explore resources for employment and wages by state and area for epidemiologists.
Similar Occupations
Compare the job duties, education, job growth, and pay of epidemiologists with similar occupations.
More Information, Including Links to O*NET
Learn more about epidemiologists by visiting additional resources, including O*NET, a source on key characteristics of workers and occupations.
Juice,
As someone who sees bodies on a daily basis, 20 can look 55, and 55 can look 20.
A percentage is genetics. That you can’t do much about. Luck of the draw.
What you eat, if you exercise, your career, how much money you have, your stress level, avoiding accidents, drugs, etc- All huge, all make a difference in how long you live and what you look like.
I get a kick out of the 100 year old Grannies that have a better memory than I do. No joke, Beverly Hillbilly looking types sharp as a whip. Makes you want to hug them-they are so cool. They forgot more than you will ever know.
Then the flip side, those who, through no fault of their own, lead a miserable horrible existence. Remind me every time of the song “Dear God” from XTC. Like, yeah, if you do exist, why do this to someone? Are you as lazy as a Government worker?
5:56 Median Pay $75k
Interpretive dance is more lucrative.
Ex- There are plenty of parents who should be locked up as vast majority of teen shooting don’t make the news, it simply does not sell…
Defund police my ass. They do little take away the money and power from prosecutors and their investigators as well as Hillary once said “super predators”
Ex: Broad statement some would, some would not. I would say quite a few long term teachers would not survive in a corporate environment. I do however respect your opinion as you have been on both sides, and can speak with some authority on the subject.
The police could become normal human beings and real heroes if the American Justice system did its job. If money was put into mental illness facilities instead of aircraft carriers. If laws they had to enforce weren’t written by cretins.
Many times the police are forced to be the bad guy thanks to forces beyond their control.
Some I have met are really good people.
But our Justice system, its a rathole that keeps putting the same criminals back on the streets, messes with the wrong people, convicts some for the dumbest things, but exonerates others for really nasty stuff.
Instead the plan for America is to double down on a losing plan. It won’t end well.
You are correct, Phoenix. The justice system is a joke. It really is.
3B
I have had outside sales “management” jobs that no human being would want!!
Have actually made some of those “work” by pulling rabbits out of hats.
Re: Teachers and Corp work, My first job was for a few years in a call center with a big tech distributor.
That is a job that is heavy customer service and taking massive amounts of calls from an existing client base. That is a job almost anyone can do. Teachers included.
Servicing accounts is one thing. I think where most people without any business background would fail is when they are having to do prospecting, cold calling, and territory planning. I won’t even try to speak to Corp Marketing which is so highly specialized these days, I doubt that even I would hack it there.
I hadn’t taught professionally since grad school myself and went into the classroom as a 36 year-old substitute teacher. I seemed to have an agreeable personality which is very important in teaching as is relating to parents and students. Where a lot of veteran teachers get bogged down is in their minds and in the bubble they live in they are “in charge” and they are often great teachers but terrible managers. The spark that you must have, the personality, but also the love of “people” and the need for meaningful dialog isn’t something that everyone has. I think it is THE most important aspect. One must sincerely like people to teach. The other funny thing about my own career is that I had not been around kids since I myself was a kid. I went from field sales to spendingt 10 years in a K-5 classroom. It made me a better father I think. I took my own kid to school with me in my town for the first few years she was in grade school. It was wonderful. Some of the best years of my life.
Ex: Insightful analysis. I just think in general long term teachers would have great difficulty in adapting to a corporate environment with perhaps the call center example you note.
Ex: I was thinking the same thing in that a Corp person could adapt easier to a teaching role vs the other way around.
In my tech career I had two chances at the brass ring and a big payout.
The first one was for a PC maker called “Nexar” who made what was called a modular PC that would not be “obsolete”. We sold them and I got a huge OEM deal with a MN manufacturer, DataCard. We were ready to rock baby. The company went public and then decide to….obsolete their computer. You can imagine the rest.
The other brass ring moment was in WEb ver. 1.0 and I was really fortunate to sign on in Bus. Dev. with a very high profile Web Developer or online Ad firm that is now owned by Omnicom. The company came out at $12 a share and went to $60. No sooner did Jon Nelson get his picture in Vanity Fair as a freshly minted Billionaire then the NASDAQ imploded and the stock settle in at 37 cents a share. Nelson, was in for pennies a share and was still able to cash out $17M for 5 years of work. The rest of us got severance and a box for our personal items. I made that trek down through Journal Station. Box in my arms, check in my pocket and I spent the rest of the year snowboarding. Good times!
That’s awesome.
“I took my own kid to school with me in my town for the first few years she was in grade school. It was wonderful. Some of the best years of my life.”
Ex said it best when it comes to teaching; if you are not a people person and not easy to like, you are a fish out of water…dead.
You can be a genius when it comes to your subject, but if you can’t relate, and you can’t manage; good luck.
3b says:
December 3, 2021 at 6:48 pm
Ex: I was thinking the same thing in that a Corp person could adapt easier to a teaching role vs the other way around.
If teacher goes corporate…you want to put them in some sort of management or sales role. Also data analysis.
6:58 yeah that was a trip. Had to get permission from a real douchebag long time superintendent from WO. He said no. Said we had a new super coming in cone fall and he might have a different answer. Asked the new guy in the fall he said “sure”.
I was happy but annoyed that the guy I’d worked diligently for 10 years couldn’t find his way to help me. Have a wife who traveled a lot and if the little one came with me in the mornings it made things much easier. My school was also a great school!
Sooooo I called newly retired guy at home….kind of chewed him out. You can imagine how that went over. He sent one of his brain dead minions after me to no avail.
That’s tough to deal with. Release the minions!! Glad you survived the relentless minion assault.
Munger is dead on.
“Munger said US millennials are “very peculiar: very self-centered and very leftist.””
First rule: take no shit.
Second rule: see first rule.
You want 5yrs, sure here’s $ARKK’s returns over the past 5yrs. Yes, it’s getting beaten up this year, but assets pretty sticky bc their investors ok w/ volatile non-profit stocks given they already have the fundamentally sound cos covered with cheap beta ETFs in the core.
https://twitter.com/ericbalchunas/status/1466790685881810946?s=21
Ex,
Love it. If you survived that, you are def a take no shit type of guy throwing punches right back. You are def a confident individual, not many people can survive it without breaking down.
As Ex said teachers are terrible managers, and definitely not sales either.
3b,
I wouldn’t expect you to give educators respect.
Sales…mangement.
You know how hard it is to sell kids on learning that don’t give a fk? Like trying to sell ice in Northern Alaska. You know how difficult it is to manage teenagers that you cant fire and replace, while at the same time expected to improve these individuals. Sales and management indeed.
Omi in the houuuuuse
Straight outta South Africa
“Unidentified north Jersey hospital”
So it begins…
I have tremendous respect for BRT and Ex.
Definitely not sales and management.
We shouldn’t laugh, but this is funny. Have me cracking up.
Grim says:
December 3, 2021 at 8:08 pm
Omi in the houuuuuse
Straight outta South Africa
3b,
You think what you want.
If you are targeting me with your posts. Im a sales based company’s dream. I’m almost 42 but look like I did in my 20’s. Don’t have grey hairs, still can’t grow a beard; aka always clean shaven. I look super innocent. Easy to trust me. I would absolutely kill it in sales. Maybe I shouldn’t let these boyish good looks go to waste.
Ahh…15 billion..f’k it.
Top 5 wealth losses today:
1. Elon Musk -$15.2B
2. Mukesh Ambani -$3.1B
3. Jeff Bezos -$2.7B
4. Larry Ellison -$2.6B
5. Steve Ballmer -$2.2B
Source: Bloomberg.
Pumps: Oh I was targeting you. Like I said definitely not sales. And the way you describe yourself is somewhere between extreme narcissism and just downright creepy. Does not matter in the end, as you are never going to be working in any high level corporate job , increases sales and management. Actually, at your age you are getting long in the tooth to ever have a shot at those jobs; too close to 50. Additionally, a good interviewer would pretty quickly discover your personality.
Additionally, a good interviewer would pretty quickly discover your personality.
Haha I wonder how they would do with mine!
Looters:
A Texas man has sued the US Drug Enforcement Agency after an agent and a Nevada Trooper seized his life savings of $87,000 in February, claiming a dog smelled drugs on the money.
Stephen Lara, 39, a Marine, was on his way to visit his daughters in North California on February 19 when he took his entire life savings out of the bank because he ‘doesn’t trust banks.’
A Nevada State Highway Patrol officer pulled him over for driving slowly and confronted Lara about the cash, who denied it was for any criminal purpose.
Although Lara was never charged with a crime, a DEA agent helped the officer seize the cash as part of its ‘adoption’ policy, which allows them to take property connected to criminal activity without ever levying criminal charges.
Narcissistic? Sorry, young boyish looks are an easy tool for sales. People trust you. I have to do half the work of someone that looks like a shady ripoff artist that is not easy to trust.
3b says:
December 3, 2021 at 8:47 pm
Pumps: Oh I was targeting you. Like I said definitely not sales. And the way you describe yourself is somewhere between extreme narcissism and just downright creepy. Does not matter in the end, as you are never going to be working in any high level corporate job , increases sales and management. Actually, at your age you are getting long in the tooth to ever have a shot at those jobs; too close to 50. Additionally, a good interviewer would pretty quickly discover your personality.
Pumps: You got issues. Real issues.
Bwaaaaaa – we are getting our asses handed to us in court so now we are going to claim sexism and racism… not against the witnesses or the defendant since both are black males but against the judge…for not allowing us to paint the witnesses as homophobes….
https://www.chicagotribune.com/news/criminal-justice/ct-jussie-smollett-attorney-judge-lunge-20211204-ymrallnl4zeibcp5gqen5dg6la-story.html
3B – don’t we all, pumps is just letting off steam lords knows what is really boiling inside…he could be the next big thing he is only 42 …..hahaha when he is 52 bald and fat with aches and pains he will really be a go getter just you watch!
Juice,
In less than an hour we can slap a new knee or hip into him and off to the races he will go.
Here is Pumps future in 10 years, eccentric billionaire cowboy with his new hair transplant with a fresh cut….
https://twitter.com/TonyHoWasHere/status/1466774608103804928
Juice: Sorry buddy, I don’t know anyone that talks about themselves like that, like I said I think it’s creepy. He’s 42, the clock is ticking if he is going to be discovered. Once he is 50 he will he old. I don’t think he will take it well.
3b,
“Some people die at 25 and aren’t buried until 75”
– Ben Franklin
3b – he has the ENTP personality…..perfect fit for showing used homes….
Pumps:” Love your enemies for they tell you your faults.”
– Ben Franklin
12 hours since my pfizer booster, was a bit tired took a nap earlier now feeling ok, arm is not too sore like the first too shots…Perhaps it was me sweet talking the PA not to jab me too hard that worked….
Hopefully t cell count will be through the roof for Omicron….
Pumps
When 150,000 Russian troops roll into Ukraine in January or February you will get your price points for your favorite etfs.
At least 12 states have confirmed Omicron cases:
California
Minnesota
Colorado
New York
Hawaii
Nebraska
Maryland
Pennsylvania
Missouri
Utah
New Jersey
Georgia
Better get those Merck and Pfizer pills ready in the next few weeks. My, Omi, NJ is going to blow through the Delta-1 wave NEXT WEEK, and we ain’t even talking two fast spreading variants yet.
NJ would be smart to step up infusion capabilities that don’t involve a trip to the ER. My father did get monoclonals, it wasn’t an easy or obvious process. I tried to find/coordinate it, if I couldn’t navigate it easily, I’m sure that means half the state has zero idea. It should not have taken that much work, and it should not have taken that long (spent the whole day in the hospital, including 3-4 hours in the waiting room). If my brother and I were not pushing so hard for it, he wouldn’t have done it, he’d probably be in the hospital if we didn’t. At no point did anyone in the medical field push him towards that, certainly not his PCP.
At home tests mean we’re now undercounting cases considerably. My brother never took a PCR/Lab test, neither did his wife, nor did my father. The only PCR my brother took was negative, when he was cleared by his doctor. Maybe they tested my dad in the hospital, but I didn’t see them swab him (blood test?). Were any of them counted? Probably not.
Speaking of monoclonals and hospitalization – We took my dad to the ER two days ago, he was having some chest pains, thought he might have pneumonia – what a f*cking disaster, filled with covid people – again – where is this being shown in the numbers? They ended up giving him steroids and clearing him, they thought he was strong enough to go (he is feeling much better yesterday, that’s like 15-16 days from symptom onset).
Murphy is going to reverse his comments next week, or maybe the week after.
Grim
Hope your dad gets better quickly.
Meanwhile some states NJ looks down on have walk-in places or trailers set up for monoclonal treatments.
Who I come off as on this blog, is not who I am in real life. Understand that.
I took a beating on this blog for close to a decade. Understand this when analyzing my posts on this blog.
3b says:
December 3, 2021 at 9:42 pm
Pumps:” Love your enemies for they tell you your faults.”
– Ben Franklin
Grim,
Hope your father is okay. Hoping for the best.
Entire financial market is correcting. Crypto got slammed hard last night. Leverage getting destroyed.
Hold my beer says:
December 3, 2021 at 11:26 pm
Pumps
When 150,000 Russian troops roll into Ukraine in January or February you will get your price points for your favorite etfs.
Share this with your kids and make sure they understand it.
https://twitter.com/fisurgi/status/1467097349767979010?s=21
Wish nj politicians understood this when they raided my overfunded pension in the 90’s
The Great Pumpkin says:
December 4, 2021 at 8:59 am
Share this with your kids and make sure they understand it.
https://twitter.com/fisurgi/status/1467097349767979010?s=21
The pension might have been paying for itself by now if they let compounding go to work. Sick f’ks. The pension should be costing nj almost nothing at this point with the stock run we have had the past 20 years.
Hold I would be surprised if they actually invade Ukraine, but who knows, perhaps to consolidate the areas they already control, but who knows. The west screws up again with suggesting Ukraine could join NATO.
D wakes up with a 102 fever after falling asleep early last night. No other symptoms, but he has sinusy looking eyes. It’s tough when your kid is on the spectrum to find out how they really feel. Gator’s off to get him texted. Perhaps our trip to Sun City on Thursday was ill-advised?
Lib and Grim,
Best wishes to both of your family members.
The pension might have been paying for itself by now if they let compounding go to work. Sick f’ks. The pension should be costing nj almost nothing at this point with the stock run we have had the past 20 years.
The person you need to talk to this about is Christie Whitman.
There is something else going around too, we all had a negative test but sick. Sinus, cough, slight fever, and sore throat for 5 days and counting. Haven’t had a cold this bad or lasting as long since I can remember.
Lib,
Don’t second guess your trip. It could have been anything.
3b
America is very weak right now. Corporate America and it’s Radical Capitalism has drained the resolve of the American people. We are now at war with each other.
I wouldn’t be surprised if Russia or anyone else sees this as an opportunity.
Speaking of monoclonals and hospitalization – We took my dad to the ER two days ago, he was having some chest pains, thought he might have pneumonia – what a f*cking disaster, filled with covid people – again – where is this being shown in the numbers?
As a friend of mine likes to quote “garbage in, garbage out”
There are plenty of things not being shown in the numbers, and plenty of things behind the scenes that can’t even be put into numbers.
Rapid negative. Phew.
Trick – RSV perhaps? Sore throat etc lines up with those symptoms, we had it here a few months ago, did not feel 100% for at least two weeks..
It looks like this next wave could be a real mess, window for treatment is short also preliminary data says Eli Lilly’s and Regeneron’s monoclonal antibodies are not as effective against omicron because they were made to target the spike protien for Beta and Delta etc.
https://www.wsj.com/articles/covid-19-antibody-drugs-are-challenged-by-omicron-preliminary-testing-indicates-11638270003
No second guessing. If D had the covid, they would have had to contact the trace everyone who was at the ranger game last night.
Great just great…omicron picked up DNA from the common cold…
“The omicron variant is likely to have picked up genetic material from another virus that causes the common cold in humans, according to a new preliminary study, prompting one of its authors to suggest omicron could have greater transmissibility but lower virulence than other variants of the coronavirus.
Researchers from Nference, a Cambridge, Mass.-based firm that analyzes biomedical information, sequenced omicron and found a snippet of genetic code that is also present in a virus that can bring about a cold. They say this particular mutation could have occurred in a host simultaneously infected by SARS-CoV-2, also known as the novel coronavirus, and the HCoV-229E coronavirus, which can cause the common cold. The shared genetic code with HCoV-229E has not been detected in other novel coronavirus variants, the scientists said.
The “striking” similarity between omicron and HCoV-229E could have made the former “more accustomed to human hosts” and likely to evade some immune system responses, said Venky Soundararajan, a biological engineer who co-wrote the study.
“By virtue of omicron adopting this insertion … it is essentially taking a leaf out of the seasonal coronaviruses’ page, which [explains] … how it lives and transmits more efficiently with human beings,” he said.”
https://www.washingtonpost.com/health/2021/12/04/omicron-coronavirus-transmissible-cold-variant/
Well, it was the Radical Capitalists that wanted the shift of manufacturing to China so they could profit in the stock market.
Sometimes things backfire, like Omicron, invasive pests and plants.
Guess the younger generations are going to have to clean up the mess.
And the “producers” better work 24/7 on finding a way to make the monoclonal antibodies do their thing.
Lib
Someone at the Ranger game will always have it. And every other large event.
It is everywhere.
If you have a NY address you can get monoclonal treatment at home.
There are a bunch of companies doing it now, this one caters to celebrities..
https://tinyurl.com/yckmw2cr
All the NYC hospitals that do monoclonal therapy and allow walk ins and self referral for monoclonal antibodies, seems to be a simple telehealth call.
https://hitesite.org/monoclonalantibody
They also have a referral site for home delivery…
https://mabsathome.com/
I don’t gamble, but I threw a 100 on a future bet for rangers and pats to win it all. I have a weird feeling about it. Pays out 48k.
Libturd says:
December 4, 2021 at 11:47 am
No second guessing. If D had the covid, they would have had to contact the trace everyone who was at the ranger game last night.
I checked out the odds and same bet now only pays 28k…heading in the right direction.
Covid Treatment Initiative LLC
Covered by insurance? By Medicare?
Or is this owned by Martin Shkreli and Elizabeth Holmes?
Ok, Phoenix, I get that you hate the world, hate capitalism, etc. But you’re obsessed with the negative – Shkreli and Holmes are rare occurrences in an industry that has collectively over the past 100 year produced a huge number of innovations and advancements. I’m sure the Cuban healthcare association would welcome a defector from the US with open arms, and you will get a superior government apartment and a spotlight in the government run news show and newspapers while you practice 100% state run healthcare. Maybe the UK or Canada would take you too, if you don’t mind using corporate-created healthcare advancements administered by the state.
The US is far from being radically capitalist. We’d already have flying cars and $150k per capita GDP if we’d gone down that path over the last 100 years. This is at best a mixed economy, moving in the fascist direction, not the free market direction, for at least the last 30 years.
No One,
Sure. I had to have my blood drawn at the ER, got a bill for over 2.3k. Naah, that didn’t happen, I’m just obsessed.
Sorry, but this is Radical Capitalism, becoming more radical every day. Expect your healthcare premiums to rise as those without insurance pass the cost on to you.
And rare occurrences? What world are you living in?
“Seemingly clinging to a creaky branch, Mylan’s embattled CEO Heather Bresch on Thursday defended her company’s widely panned price hike of EpiPens, assigning blame instead to an “outdated” U.S. health care system.
But what Bresch also failed to shoulder is the company’s responsibility for aggressive marketing tactics that have led to the overall perception that the Mylan EpiPen is an essential first aid device that no one should be without”
And I am not anti-capitalist. Just don’t believe in Radical Capitalism.
I believe in cars with big engines as well, I just believe they should have a throttle to control them so these cars don’t become missiles.
Radical Capitalism aka legalized extortion.
https://www.inquirer.com/real-estate/housing/rent-to-own-contract-attorney-general-pa-lawsuit-installment-land-20211130.html
Sure. I had to have my blood drawn at the ER, got a bill for over 2.3k. Naah, that didn’t happen, I’m just obsessed.
I let people know this before. Healthcare billing is a racket. They are no different than the garage door repair man. Ask them what the cash price. I talked a $2k bill down to $150 in grad school
JHeUKWDfyQInS
Expect your healthcare premiums to rise as those without insurance pass the cost on to you.
Phoenix,
This may one of the stated reasons, but it’s not a material one.
Phoenix
Two of my Moh’s surgeries they didn’t get it all the first time, so about an hour after the first round they came back and did another. Nice thing is they billed me an extra $540 for both times they had to do a second round on top of the $800+ and all the other associated charges for the first round. Reminded me of all the times I’ve gotten an undercooked burger and was charged another $6 to slap it on the grill for 2 more minutes.
HMB,
Not much different than lawyers, who bill you for billing you by the 0.25 hr. They suggest things that they know may result in a win in court but not enforceable- billing you and fully knowing that what you asked for will be granted in court but that you will never see in real life-cause they know the other side has an out, but if they tell you-you won’t go forward and line their pockets.
It’s professional Radical Capitalism. Legal, but moral and unethical. I used to see my career as the last bastion of a somewhat moral beacon. And it was, until corporate took it over, and just like anything they touch, it turns to s $%&.
I watch as groups and groups of young professionals get disillusioned and disgusted at the careers they have chosen in America, thanks to the Slimy Boomers who never seem to get enough.
They are learning, they are scrappy, they will become just as or even more morally bankrupt than you are Boomer. Because they have to in order to survive. You gave them no choice. You pinned their backs to the wall.
Could use more detail, but makes sense.
https://ritholtz.com/2021/11/generational-reset-of-minimum-wage/
lLBKIzmaEtTyFZsY
Best name change was Arthur Andersen to Accenture. Rats then, rats now.
They will always be Android Consulting to me.
“ lawyers, who bill you for billing you by the 0.25 hr. “
Eddie Ray summed up his industry perfectly. The definition of a lawyer is someone that Fcuks You over in 6 min increments!
Comic book nerds will get all of us.
https://www.dailymail.co.uk/news/article-10276247/Friends-Minnesota-man-Omicron-variant-tested-positive-Covid.html