From the Star Ledger:
We’ve got sure-fire plan to save small businesses from Trump tax law, N.J. lawmakers say
New Jersey lawmakers who are already offering up a scheme to save homeowners the state and property tax deduction gutted by President Donald Trump’s tax law now say they have a bulletproof plan to protect small business owners.
Under New Jersey’s current tax code, those who pay taxes on business profits through their personal income taxes — such as principals in S corporations, limited liability corporations and other partnerships — would be hit by the new $10,000 cap on imposed on state and local tax deductions as part of a federal tax overhaul.
…
Democratic and Republican lawmakers said they will introduce legislation to instead allow the business entity to pay the state income taxes of its principals, as corporations don’t face the same cap.
…
Small business owners in New Jersey reported their income this way until the 1990s, when it was revised to simplify the tax code, Sarlo said, saying that gave him confidence it would pass legal muster.
Also from the Star Ledger:
N.J. Senate President wants this tax increase to replace Murphy’s millionaires tax plan
After declaring his opposition to a tax increase on wealthy New Jersey residents, Democratic state Senate President Stephen Sweeney said Tuesday that state coffers can get the money they need by enacting a 3 percent surcharge on corporate income.
The increase in the state’s corporation business tax rate from 9 percent to 12 percent on businesses with more than $1 million in income is the Democrats’ latest counterpunch to federal tax reform that slashed taxes on corporations but limited the state and local taxes residents can deduct.
It’s also Sweeney’s alternative to a tax hike on millionaires that Gov. Phil Murphy, a fellow Democrat, is expected to propose as part of his first budget next week as he hunts for another $1 billion a year to pump into public schools.
…
Sweeney argued that the combination of a truncated state and local tax deduction — namely state income taxes and local property taxes — combined with a 10.75 personal income tax rate on income above $1 million would hammer taxpayers.But corporations were the big winners in federal tax reform, seeing their federal tax rate cut from 35 percent to 21 percent. And Sweeney said Tuesday New Jersey can get a piece of that windfall.
About 2,375 New Jersey corporations earn more than $1 million, and are on the hook for about $1.97 billion in taxes this year, according to the Senate President’s news release.
Sweeney said he expects the new 12 percent tax rate would bring in an additional $657 million in annual corporate tax revenue — roughly the estimated gains of a millionaire’s tax.
Businesses here are expected to save $2.9 billion as a result of the federal tax cut, and they retained their unlimited state and local tax deductions.
First
Where is the snow?
Tryst
The rich get richer, and the poor get poorer….
Only problem, the rich get richer and the poor get poorer equation is not sustainable long term. It will eventually destroy itself due to the huge imbalance it produces. Like the article points out, when the poor eventually figure out how much of the wealth the rich are really taking, they will riot.
“Comedian Chris Rock once said, “If poor people knew how rich rich people are, there would be riots in the streets“
Article referenced.
Econ professor says experts are wrong on inequality — it’s actually much worse! – MarketWatch
https://apple.news/A67imE7B3RauMQsB8ET-zFQ
“Ruccio points at that the usual numbers rolled out by experts indicate the top 1% of Americans own a third of the total household wealth, while the bottom 90% own less than half of that. He contends, however, that those figures underestimate the chasm.
In his chart, the top 1% (red line) own almost two-thirds of financial or business wealth, while the bottom 90% (blue line) own only 6%.
So what’s the difference?
Well, it depends on how wealth is defined. Ruccio explains that the Federal Reserve and the World Inequality Lab include housing and retirement pensions in household wealth, which comprise most of the so-called wealth of the average American.
“They just don’t own much in the way of financial or business wealth,” Ruccio said. “They live in their houses and they retire based on contributions from their wages and salaries over the course of their work lives. They produce but don’t take home any of the surplus; therefore, they just don’t have the ability to amass any real wealth.”
Let’s just say it’s different for the small group at the top.
“They do get a cut of the surplus, which they use, not only to purchase housing and put aside in their pensions, but to accumulate real wealth, for themselves and their families,” Ruccio wrote. “If we take out housing and pensions and calculate just the shares of financial or business wealth — and, thus, equities, fixed-income claims, and business assets — the degree of inequality is much, much worse.
But the bigger issue, according to Ruccio, isn’t the income divide. No, the real “elephant in the room” that’s hanging over the country is class.
“That’s the reason there should be, if not riots, at least a sustained political movement to transform the existing economic and social structures,” he said.“
“If we take out housing and pensions and calculate just the shares of financial or business wealth — and, thus, equities, fixed-income claims, and business assets — the degree of inequality is much, much worse.”
What an idiotic comparison.
“If we take out the two largest asset classes (housing and retirement funds) from non-business owners, shockingly, we see they don’t own any business assets, especially compared to business owners.”
Grim,
Simply pointing out that the true generators of wealth in our economy are owned by a few. They truly decide who gets what, whether you realize it or not.
“Forget the politicians. They are irrelevant. The politicians are put there to give you the idea that you have freedom of choice. You don’t. You have no choice! You have OWNERS! They OWN YOU. They own everything. They own all the important land. They own and control the corporations. They’ve long since bought, and paid for the Senate, the Congress, the state houses, the city halls, they got the judges in their back pockets and they own all the big media companies, so they control just about all of the news and information you get to hear. They got you by the balls.” —George Carlin
Tenth
So lets start by eliminating barriers to entry faced by entrepreneurs and small business, so people can focus on building their businesses and their wealth?
You think it’s any surprise that over-regulation results in only mega-corporations being able to conduct business?
Rain, rain, go away.
Come again another day.
All the family wants to play.
Rain, rain, go away.
Agreed, grim.
I think everyone including myself gets caught up with the partisan division, which causes us to ignore how the elite took control of the economy and our country. Income inequality goes up, and is it no coincidence that the divisiveness in politics and the media is at all time highs? Causes us to really forget what matters most and concentrate on what doesn’t.
What’s the deal with Murphy not appearing in public anywhere without the Attorney General? And what’s the deal with the Lt. Governor never being there?
I think everyone including myself gets caught up with the partisan division, which causes us to ignore how the elite took control of the economy and our country.
Huh?
Democrats propose regulation to business that will cost real money to implement.
Big business – hem and haw, but laugh behind the scenes because they can afford to hire 10 more attorneys, the little businesses will struggle, and that benefits them.
Little business – kick and scream, but nobody seems to care about the little guy, not a big deal.
We reap what we sew. Regulating evil corporations benefits evil corporations.
question for board.
Anyone have experience or opinion on split, ductless, hvac systems? For example:
http://www.fujitsugeneral.com/us/residential/what-is-a-mini-split.html
Thanks.
The rich get richer, and the poor get poorer….and the pumpkin still doesn’t have his GED.
Very cost effective way of adding built-in air conditioning to a house that can not easily accommodate ducting. Generally installation is significantly less expensive, and generally the efficiency is better. New units are incredibly quiet, quieter than ducted units. Downside, it’s a point solution for air conditioning, and centrally locating a unit tends to provide poor performance.
Godsend for old Victorians for example, where ducting is an absolute impossibility. They work very well for open-floorplan designs.
Do not get ripped off on installation, these things are a breeze to install, especially if the electrical wiring to the compressor unit can be easily accomodated.
They come pre-charged, the indoor units tether to the compressor for power, ducting is easily run on the exterior and can be neatly hidden.
On the flip side. Hard to run power? Trying to put the unit on an interior wall? Need the interior unit on the front wall of your house, but don’t want the compressor hanging off the front of your house? Now you are going to have headaches.
Criminal that our govt doesn’t let them conduct research on it.
“Pessimism isn’t surprising from a man who’s been making a reasonable case for 17 years to no avail. Studies around the world have shown that marijuana has considerable promise as a medicine. Craker says he spoke late last year at a hospital in New Hampshire where certain cannabinoids were shown to facilitate healing in brain-damaged mice. “And I thought, ‘If cannabinoids could do that, let’s put them in medicines!’ ” He sighs. “We can’t do the research.”
Another sigh. “I’m naive about a lot about things,” he says. “But it seems to me that we should be looking at cannabis. I mean, if it’s going to kill people, let’s know that and get rid of it. If it’s going to help people, let’s know that and expand on it. … But there’s just something wrong with the DEA. I don’t know what else to say. … Somehow, marijuana’s got a bad name. And it’s tough to let go of.””
https://www.bloomberg.com/news/features/2018-03-07/america-is-giving-away-the-30-billion-medical-marijuana-industry
Grim,
I think health insurance is also a factor of entrepreneurship. How many people with families will quit their corporate job to try to build a business knowing they lose a steady paycheck and will have to pay 2k or more a month for health insurance?
“Many people expect the Republican-controlled Congress to follow its recent tax overhaul by looking for ways to slash costs in Medicaid and Medicare. Legitimate research into the medicinal properties of marijuana could help. Studies show that opioid use drops significantly in states where marijuana has been legalized; this suggests people are consuming the plant for pain, something they could be doing more effectively if physicians and the FDA controlled chemical makeup and potency. A study published in July 2016 in Health Affairs showed that the use of prescription drugs for which marijuana could serve as a clinical alternative “fell significantly,” saving hundreds of millions of dollars among users of Medicare Part D.
“The marijuana plant in bud form, if we can get it available by the FDA, is going to be incredibly cheap,” Doblin says. His Israeli partners, Better by Cann Pharmaceuticals, can produce organic, high-potency trimmed marijuana for roughly 65¢ a gram, or $18 or so per ounce. “When you’re talking about kicking people off of health insurance and reducing Medicare and Medicaid costs, we better find a way to provide medical relief to people at a low cost,” he says.”
“The marijuana plant in bud form, if we can get it available by the FDA, is going to be incredibly cheap,” Doblin says. His Israeli partners, Better by Cann Pharmaceuticals, can produce organic, high-potency trimmed marijuana for roughly 65¢ a gram, or $18 or so per ounce. “When you’re talking about kicking people off of health insurance and reducing Medicare and Medicaid costs, we better find a way to provide medical relief to people at a low cost,” he says.”
SBA will gladly help you mortgage your home for the capital to start a business.
@TheOnion
Gary Cohn Resigns In Protest Of Trump’s Bigoted Comments Towards Aluminum
Grim wrote:
What an idiotic comparison.
“If we take out the two largest asset classes (housing and retirement funds) from non-business owners, shockingly, we see they don’t own any business assets, especially compared to business owners.”
Yeah, I don’t get it either. I mean, I understand what the economist is trying to say but the comparison is silly. We are a very entrepreneurial country. There’s generally little stopping “the bottom 90%” from starting a business and trying to improve their lot in life.
This inequality talk usually reminds me of a quote that supposedly Henry Ford said: “thinking is the hardest thing to do, which is probably why so few people do it.” I have seen that my entire life, as residential property management has been my family’s business forever. The vast majority of tenants do absolutely zero to improve their lives, like save to start a business or get an undergraduate (forget about graduate) degree. They are quite literally “content” to live more or less paycheck to paycheck, especially the section 8 types. But make no mistake, they buy new cars (or lease), have the latest iPhone and flat screen TVs. They might riot one day, but upon serious introspection they wouldn’t have any real reasons to riot except to riot against their own lack of ambition, lack of education, lack of [fill in blank].
@laurenduca
How many more wheels are on this fukcing bus
On the flip side, there is very little real thought about wealth-at-risk when you are talking about someone who has substantial business assets in comparison to retirement accounts and pensions, which are all but money in the bank at this point.
I know plenty of guys who would be considered multi-millionaires from a “wealth” perspective, but 99% of that is tied up in the value of their business. This is not at all liquid capital, nor is it a safe asset. I’ve seen businesses that would very easily be valued at $1-2m+ completely evaporate in a year. Hell, my own business is now valued at over $1 million. Great, I’m rich. I haven’t seen a single penny of income out of it, nor can I take a big fat payout, since the vast majority of that $1m is tied up in inventory.
Nobody seems to consider the associated risk, they think the owner of a business is driving around in a Maserati lighting cigars with $100 bills.
Thanks Grim,
Yes, ducting is impossible. We like the heat pump feature as well as a backup to steam heat. Also able to heat/cool in zones by unit is attractive to us. Tired of installing and removing 4-5 in window AC units each season.
So what business do you suggest is worth starting for the bottom 90%? In this type of environment, starting a business is pretty stupid for most of these people as they will fail. You act as if there is so much opportunity for business out there. Ask yourself why people choose to buy equities in big business as opposed to starting their own.
Just an example. I have a ton of equity that I would like to use it to start a business in renovating old neglected housing stock(since we have a ton of it here). I’m told by people in my family (plumbing business, electrical business, architect firm, and masonry business) to stay the hell out. The big established players have such an advantage over you with their connections, you have no shot. So I’m better off not taking the risk at all, unless I want to risk losing it all on a very bad bet.
A-rod for god sake has 19,000 units under his belt, and that’s just one guy. How the hell do you compete with that? He will get every good property available in whatever market he focuses on, leaving people like me with sh!t scraps that are just not worth the risk or he would have bought it.
“Yeah, I don’t get it either. I mean, I understand what the economist is trying to say but the comparison is silly. We are a very entrepreneurial country. There’s generally little stopping “the bottom 90%” from starting a business and trying to improve their lot in life.”
“So what business do you suggest is worth starting for the bottom 90%? In this type of environment, starting a business is pretty stupid for most of these people as they will fail.”
If that’s your mentality, then don’t start a business. There’s something like 20+ million small businesses in America.
Pumpkin,
Your family members are just being nice. They just know that you’d rather hear that “the big guys are just too tough for you to compete against” rather than “I don’t think a moron like you who wastes his time on chat boards and can’t even complete basic degrees or a CPA stands a chance in this business”.
Like Grim said, the only thing holding back people from starting a small business is the barrier to entry costs. In many industries, it could be next to nothing. Instead, petty regulations can easily bring that up to 30 to 50k.
Funny how you scream to deregulate cannabis but want to regulate everything else to high heaven.
You didn’t answer my question. Which small business is worth starting?
Why am I better off buying equities in big business like Apple and amazon as opposed to taking that money and starting a small business?
Yes, when you start an accounting/law firm, plumbing, dentistry..etc type business, it makes sense. Niche businesses where there is a customer base that embraces supporting small business and damning big business (craft breweries type) also makes sense. They are willing to pay higher prices to support local.
Business where lowest cost matters and profit margins are low (pretty much everything now), you are dead against the big boys. No chance in hell, unless you get some really really good revolutionary idea and get bought out.
Something that gets kids to graduate High School and choose non-criminal parents for their upbringing.
So what business do you suggest is worth starting for the bottom 90%?
Either that or some trade school that teaches post office studies.
They are simply stating that it’s not worth risking money on a bad bet. They know what the flipping game is, and they want no part of it. Ever notice why each town seems to have the same developers building homes in that location. Now ask yourself why? They have connections from top to bottom in that location. You wouldn’t be able to get the variances they get. You are at a complete disadvantage. My family members do the work for these people. The architect knows exactly how the game is played since he goes to the town council meetings to get these variances approved for said developers.
I asked them all to start a business together since we have almost every piece of the puzzle and they just don’t think it’s worth taking this bet. I’ll listen to them since I think they have my best interests in mind.
No One says:
March 7, 2018 at 9:56 am
Pumpkin,
Your family members are just being nice. They just know that you’d rather hear that “the big guys are just too tough for you to compete against” rather than “I don’t think a moron like you who wastes his time on chat boards and can’t even complete basic degrees or a CPA stands a chance in this business”.
Oh come on. The only regulations I ask for are ones that protect the environment and protect the consumer from getting ripped off by bad business practices.
Blue Ribbon Teacher says:
March 7, 2018 at 9:58 am
Funny how you scream to deregulate cannabis but want to regulate everything else to high heaven.
“You didn’t answer my question. Which small business is worth starting?”
I indirectly did. There’s over 20 million small businesses in America. Do some hard thinking and pick an industry that you think you’ll like and will want to work hard at. Those 20 million business owners answered that same question for themselves. Stop being lazy and looking to family, friends and blog comments for an answer…you’re only proving Henry Ford right.
Jay,
I’m already on a good path. Why would I risk that path to start a small business in which more than 50% fail by year four? If you have nothing to lose, go for it. If you have lots to lose, and don’t want to risk it all, better off buying an equity position in companies like Apple and amazon. You won’t make as much money as a successful small business, but you sure as hell won’t lose it all like you will with an unsuccessful small business.
So yes, 20 million small businesses, but how many will fail and be replaced in the next 5 years?
I stand by my original position….it’s mostly not worth starting a small business based on the current competitive environment created by big business. They will kick your a$$. So it’s pretty stupid to start a small business for the majority of people out there. It has nothing to do with just working hard as you imply and everything to do with risk and reward. Is it really worth a coin flip? People work hard and still fail because the competition from big business is stiff. It’s like playing a grandmaster in chess, almost no chance in hell of beating them.
Not so easy to find a rental property to make money off of when you aren’t given a heavy discount is it?
Stay on your path pumpkin. Lack of education would destroy you very quickly in the business world. You were born to be be an employee, nothing more.
Government regulation definitely favors the large over the small. High taxes also favors large over small companies, because it provides fewer after-tax profits to reinvest in growth.
How’s this for a wide range? I received an email with this subject line:
Follow Barack Obama, Donald J. Trump and Ellen DeGeneres on Twitter!
Pumpkin, current housing market makes any kind of housing investment a dicey play, especially if you aren’t experienced. If you are a working stiff without a good job, going independent and hustling is the way to go. Successful small businesses I see are contractors, plumbing, electrical, roofing, painting, landscaping etc. The owners of those businesses make a lot more cash than people doing that sort of work. Even some restaurants do really well. As Grim has stated there is always capital at risk and fortunes can change very quickly for anyone owning a business.
Bullsh!t or Seth Rich?
Shortly after WikiLeaks released emails from the Democratic National Committee (DNC) on July 26, 2016, former UK spy Christopher Steele filed a memo with his employer, Fusion GPS, claiming that the DNC “hack” during the 2016 election involved Russian agents “within the Democratic Party structure itself,” The New Yorker reports.
On July 26, 2016, after WikiLeaks disseminated the D.N.C. e-mails, Steele filed yet another memo, this time claiming that the Kremlin was “behind” the hacking, which was part of a Russian cyber war against Hillary Clinton’s campaign. Many of the details seemed far-fetched: Steele’s sources claimed that the digital attack involved agents “within the Democratic Party structure itself,” as well as Russian émigrés in the U.S. and “associated offensive cyber operators.”
Guy down the street from me picked up a house that was foreclosed on for 300k, probably a $150k/$200k discount for what things sell on this block. The place was like an episode of hoarders inside. Outside, you’d never know. Kinda weird. Cob webs and urine all over the place. But he’s a contractor and he’s doing everything himself. After closing costs and real estate commission fees, I can see him making $50k. Not bad for a few months work. A less experienced person that isn’t working as efficiently has no shot of flipping the property. And, the HGTV wannabe yuppie types would have no shot either since they want to hire everyone else to do their shit.
adding more here based on this detail from here….
“CVS gathered $49 billion in bridge loans from 20 lenders in December as temporary financing for the acquisition, which it is looking to refinance with Tuesday’s transaction.”
https://www.bloomberg.com/news/articles/2018-03-06/cvs-starts-blockbuster-debt-sale-to-fund-68-billion-aetna-deal
So CVS has a revolver (i.e. corporate credit line/functions as back-up to debt issuance) and the debt detail proceeds effectively lets CVS term-out its obligations. The main issue is that despite the tick up in rates, coporates are still going to consider the environment ideal for long-term debt issuance. So the punishment for terming out less than they hoped is that they have a revolver at low current rates instead of a piece of long-term debt.
chicagofinance says:
March 6, 2018 at 5:54 pm
S&P and Moody’s are hired by CVS to rate their debt. Their analysts have met extensively with management and have an ongoing dialogue through the passage of time. While today’s action was driven by conditions (i.e. depth of the market at a given price talk), nothing is out of the realm of the expected. The ratings are not refined that this difference would cause them to change twice in a day. Ultimately the ability to repay is driven by long term solvency, and the estimates of future operating cash flows to support the debt are what they are.
I am not the expert though…… No One was once one of those drones….ask him…..
The Original NJ ExPat says:
March 6, 2018 at 2:33 pm
chi – Does a $40 billion offering sidestep the S&P debt downgrade that went with the $44 billion offering?
Pumps,
You would probably be better off with a franchise for a mail box store like a ups store or a high end pet food store selling organic grain free stuff since all the bowls and other pet accessories can have big price tags to match the cost of the food. Or if you want to sink big $ get a frozen yogurt franchise.
If you don’t have the knowledges and time to renovate houses yourself or the scale to get your own crew being a landlord would not be a pleasant experience.
There is no bigger equalizer and creator of socioeconomic mobility than small business, period.
Only idiots believe a $15 minimum wage is going to close the income/wealth gap.
The angst over Russian meddling continues to surprise me. Do we really think the Russians aren’t constantly fcuking with us where ever they can? Especially if they can do it on our home field? Using every resource possible? That’s 80 years of history, why would they *not* continue? We employ thousands and spend hundreds of millions to to exactly the same to them. Yet we are shocked – shocked – when they make a run at us?
BRT, agree with you on the economics of fix up flipping. In my mind it’s even worse. Have that contractor making $50k apportion part of that profit to compensate him for his time and the $50k probably goes to $30k. That’s a razor thin margin and not a lot of nominal dollars if something unforeseen pops up.
All that said, the underwriters are still going to off CVS floating/fixed swaps, so even with the revolver, CVS can lock in current rates.
IB’s are disappointed though, because they are tying up their balance sheets with the revolver instead of having the public investment community holding onto these liabilities.
But the below reflects that fact that the IB’s look out for themselves, not CVS. They could have shoved the entire deal through, but it ran the risk of destabilizing the credit markets for new issuance. CVS doesn’t give a sh!t, they just want a good deal, but the bankers are more concerned with entire environment and the potential for the next deal.
“The blockbuster sale was a big test for whether the corporate-bond market can maintain the insatiable demand seen in recent years as yield seekers found few options elsewhere. With the Federal Reserve hiking interest rates and withdrawing its unprecedented stimulus measures — albeit at a slow pace — yields on investment-grade debt have climbed to the highest levels in six years.
Such a massive offering at juicier yields attracted interest from investors who had previously been staying on the sidelines. CVS said in a Feb. 26 presentation it was targeting as much as $44.8 billion of new debt, but ended up offering $40 billion — even as bankers received orders for three times that amount. It was important to sell the deal at attractive prices to entice investors in a market that’s been on shaky footing this year, according to Matt Brill, a senior portfolio manager at Invesco Ltd.”
Ex:
also this part is a direct answer to your question in line with what I posted last night
S&P Global Ratings downgraded CVS one level to BBB, its second-lowest investment-grade rating, following the announcement of the debt offering. The acquisition will boost leverage to about 4.5 times earnings before interest, tax, depreciation and amortization, or Ebitda, from 2.9 times as of the end of 2017, the credit rater said. S&P expects CVS to pay down debt, reducing the ratio to the low-four times area within a year of closing the deal.
The angst over Russian meddling continues to surprise me. Do we really think the Russians aren’t constantly fcuking with us where ever they can?
Isn’t the entire purpose of our CIA to meddle and fuck with foreign governments every opportunity they get?
Why is this surprising? We have more than 20,000 people doing it, spending more than $15 billion a year. We are the f*cking world leader in f*cking with world leaders.
My point exactly grim. Business as usual.
I mean really, we’ve f*cking toppled governments, we’ve armed insurrections, we’ve created regional wars with the specific intent of f*cking with local governments.
And Americans are outraged about twitter posts? Holy f*ck people.
Chi, Barclays to the left of Goldman? Whew.
Surprised at 4.5x EBITDA they’re still investment grade. Guess it’s the view of getting to 4.0x by year end….
Better execute well or they will get punished.
leftwing there is probably a bit more meat on the bone than 50k for a contractor if the place is discounted by 150k+ from the market price. There is probably a 95% certainty of 50-100k in profit but also big risk if the property doesn’t sell quickly as carry costs quickly eat into the profit.
If you look around, just about every single subway, 7-11, and dunkin donuts I’ve walked into is owned by an Indian immigrant family. They sure weren’t going on 5 vacations a year and eating out at every overpriced hipster gastropub on the weekends while tweeting about it. Now they are better off.
Agree Jcer. A lot of the ‘contractor developers’ I see are guys that may be a little light on their workflow.
Basically do a few of these on the side, guarantee yourself $20k or so of ‘paid work’ on each if your calendar is light. Pocketed profit on invested dollars is gravy.
Hate to sound racist but at least it’s meant as a compliment…
I don’t know how anyone competes with the Indians in these business. It is an extended family enterprise, often down to living arrangements. They sacrifice lifestyle and build some serious sweat equity. In the process no ‘investor’ can possibly compete with that cost basis, especially labor.
Only from the craven mind of clot & jj:
An explosive s5x session ended in tragedy when a Peruvian man used an ornamental mortar bomb on his wife — who died during their drunken romp, according to reports.
Ruben Valera Cornejo was arrested on suspicion of murder after cops said he inserted the 16-inch-long, 2.4-inch-wide mortar into his wife’s vag!na, The Sun of the UK reported.
12:04 cause that’s how I wanna spend my life. In a FOcking 711.
12:28 she went out with a bang⚰️
Posted to WSJ 2 hours ago
U.S.
Spring Home Sales Could Be the Weakest in Years
Higher prices, tax changes and rising interest rates expected to damp demand
Ex-Jersey – It seems to me like your IQ is kind of draining away on the West Coast. Maybe that’s why you moved there. Hide your diminished capacity in the open.
nj.com/politics/index.ssf/2018/01/court_tosses_rape_case_over_improper_immigration_q.html
N.J. court tosses rape case because prosecutors revealed defendant’s immigrant status
New Jersey’s highest court on Thursday threw out the conviction of an undocumented immigrant accused of serial se xual assault in part because prosecutors revealed at trial he was in the country illegally.
The state Supreme Court found Alexis Sanchez-Medina, who was serving more than 10 years on charges he attacked four women in the summer of 2012, did not receive a fair trial because the disclosure of his immigration status may have prejudiced the jury.
According to court records, four women were attacked in Englewood between July and August 2012, though only one of them said she could identify her assailant.
Each of the women said they were attacked by surprise or from behind by a man who then groped them or grabbed their ge nitals, the records show.
One of the women, identified only by the initials R.D., picked Sanchez-Medina as her attacker from a photo array.
Sanchez-Medina denied wrongdoing during an interrogation, and although he made “certain admissions” to having contact with some of the women, he later recanted, court records show.
At trial, county prosecutors got Sanchez-Medina to admit he had immigrated illegally from Honduras and, although his attorney objected, the judge did not strike it from the record. The prosecutor’s office later conceded on appeal that the question was improper, according to the decision.
Meanwhile, Pumps is exposing his diminished capacity in Wayne, NJ. Maybe he thinks he has also moved far enough West that he is considered a sage? The Western edge of Passaic County doesn’t usually count for much.
12:40 my IQ is secondary to my EQ…..i spent a lot of time in a recording studio.
^^^That explains it.
Recording burps and armpit sounds?
Flatulence is next to Godliness
Only idiots believe a $15 minimum wage is going to close the income/wealth gap.
Any questions, id1iots?
Remember the good old days when retired people worked the early shift at McDonald’s and HS students did the rest starting at 3PM? Now it’s supposed to be a career.
Poor Pumps. He couldn’t meet McDonald’s standards, so he had to got to the Post Office to start his meager life.
Enjoy the snow you guys! It looks so light and fluffy.
grim says:
March 7, 2018 at 6:42 am
Where is the snow?
In West Roxbury (section of Boston) I think we are on the line of 1-3″ and 3-6″. I almost dumped my remaining snow blower gas in the car the other day, but I’m glad I kept it. I thought we were done for the year.
Monday there’s another one coming.
And my foot call for Central Park appears like it will be spot on!
Nothing like a nice glass of Port on a snowy day!
Pounded here. Small trees and large bushes (10-12 ft high) bent all the way over with top branches on ground under snow. Going around with a large broom knocking off snow and dislodging branches. Snap straight up with a whipping whooshing sound. The area underneath on the ground is relatively clean, snow has been coming down so fast the branches went over and created a cover. Bigger branches cracking all around, mostly pine. Anticipating power gone soon, told my college kid jokingly that i was going to sleep in his room since there is a substantial branch over mine. Not kidding any more, will do. That branch has dipped 8′ down but is still too high for me to knock the snow off other than from the lowest twigs. Getting killed on that tree and another, wtf, they never shed all their leaves. Covered in snow.
Crazy storm. Trees and shrubs are fu!ked!! Cleaned off shrubs 3 times already. Cleaning off deck and all I hear are branches cracking to the tune of a shotgun. Scary stuff.
Lights flicker on and wall off, praying power stays on. Must be 20 inches or more out there.
We got almost nothing. maybe 2″-3″ of slop. nobody on the roads so drive home was pretty easy. stayed at work until 6PM .big chunk of power grid out about 1 mile north of my house..
It’s a mess up here. Just shoveled out the multi. Man I love snow tires. The other side of our street is out.
Honda thrower started first pull, as always.
Tree limbs snapping everywhere, sounds like artillery.
I sincerely hope everyone out there is staying warm. You know how I said I missed Jersey. I do! In spring. Or summer. I miss it.
Good 20” in Wayne.
Trees down everywhere
Power out again, line down on main road 3rd time in as many weeks a line down on that same road so to trees calling for branded falling, they need to get the pruning crews out. Snow is
Snow is meh slush school is delayed for Thursday…
Power is back! I now have a barley used 3300 watt generac gasoline generator for sale only two hours of use on it’s clock.
Change the oil after the first 30 hours.
In Manhattan, said fcuk it. 75 minutes to get in. 3 inches and wet here. 20 at least at home. Power went out five minutes after last post. In favorite steak house with a mutton chop and martini. Grabbed a room. Tell me when it melts.
20 inches in central Essex. Power all good. Saw a light show from a transformer blowing a few streets over.
Looks like a war zone with all the trees down. I got 25 inches in my section of Wayne. Brutal shoveling this, snowblower couldn’t do anything.