From CNBC:
Friday’s jobs report could be a case where good news isn’t really good
Investors are closely watching the nonfarm payrolls report due out Friday, but not for the usual reasons.
In normal times, strong job gains and rising wages would be considered a good thing. But these days, they’re exactly what the U.S. economy doesn’t need as policymakers try to beat back an inflation problem that just won’t seem to go away.
“Bad news equals good news, good news equals bad news,” Vincent Reinhart, chief economist at Dreyfus-Mellon, said in describing investor sentiment heading into the key Bureau of Labor Statistics employment count. “Pretty much uniformly what is dominant in investors’ concerns is the Fed tightening. When they get bad news on the economy, that means the Fed is going to tighten less.”
Economists surveyed by Dow Jones expect the report, due out Friday at 8:30 a.m. ET, will show that payrolls increased 275,000 in September, while the unemployment rate held at 3.7%. At least as important, estimates are for average hourly earnings to increase 0.3% month over month and 5.1% from a year ago. The latter number would be slightly below the August report.
Any deviation above that could signal that the Federal Reserve needs to get even more aggressive on inflation, meaning higher interest rates. Lower numbers, conversely, might provide at least a glimmer of hope that cost of living increases are abating.
Wall Street forecasters were split on which way the surprise might come, with most around the consensus. Citigroup, for instance, is looking for a gain of 265,000, while Nomura expects 285,000.
first
The poverty rate in New Jersey was roughly 10% among native-born American citizens, 9% among naturalized citizens and 21% among foreign-born noncitizens.
I wonder if Murphy spoke of this night ….?
Murphy says Saudi cutting oil is a war on NJ households.
But US Oil production is down since November 2019.
https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=MCRFPUS2&f=M
Why not call for a 10% increase in US production? I would imagine we could easily add back half of what Saudi cut, just in US production alone, and that’s just returning to November 2019 production numbers.
Cause when you restrict supply, you increase price and profit.
Capitalism is at war with middle class America.
People need money due to rising inflation.
https://www.nj.com/essex/2022/10/nj-shoprite-faces-second-lawsuit-after-woman-says-she-was-hurt-in-shopping-cart-mishap.html
OPEC is powerless if the US just counteracts their moves as policy.
Interesting narrative really gaining – Not only should the Fed not fight supply side inflation, the Fed can’t fight supply side inflation. Not only is their potential impact on price inelastic goods muted, in other cases they would need to reduce demand below the current levels of constrained supply to reduce price pressure, which is the equivalent of using a major recession to reduce temporary supply chain pressures.
Here is your chance to buy a gem in Wayne:
Mother’s Ale House in Wayne has hit the real estate market.
Now this is funny. More Wayne news:
A 27-year employee of a school district in Passaic County has filed a lawsuit against his employers, alleging they passed him over for promotions several times over the past decade because he’s not Italian.
Brian Taylor, a custodial and grounds worker, claims in court papers his performance evaluations at the Wayne Township Public School District were always “superior or above average.” Hoping to advance his career, he earned a manager certificate at his own expense from Rutgers University, the suit says.
But when Taylor began applying for supervisory positions in the district 10 years ago, he was consistently rejected, states the lawsui filed Sept. 9 in Superior Court of Passaic County.
Instead of promoting Taylor, his managers gave the higher-paying jobs to men who had Italian last names, the lawsuit claims.
The $2.7 ask would be worth it if it was highway frontage, especially including the liquor license. Tear it down, put up a small strip with a fast casual anchor.
Being off 23 in that area, I’d guess a closing closer to 2 than 3. Possibly less if the construction is even more shoddy than I remember it.
Went there once, that was enough for me.
No jail time? I’d call this assault, but the American Justice System doesn’t seem to think so. Crime does pay. You just settle for less than you made, and profit.
A group of pediatric dentists in New Jersey and New York who were outed by a former worker for conducting medically unnecessary root canals on children agreed to pay more than $750,000 to settle charges against them, authorities in both states announced.
Formerly known as HQRC Management Services LLC, the targeted practice was run by dentist Barry L. Jacobson, most recently of Alpine, NJ, they said.
grim says:
October 7, 2022 at 7:57 am
“Murphy says Saudi cutting oil is a war on NJ households….Why not call for a 10% increase in US production?”
I assume this is a rhetorical question. Candidate Joe explicitly said “I guarantee you we’re going to end fossil fuels” and resident Joe immediately ceded pricing power back to OPEC+ by making it clear that the US would no longer be energy independent and would play a reduced role in global energy production. Like all of the other disasters that have marked the Biden presidency, this one too is brought to you by Joe and the feckless, moronic Dems.
The one year US Treasury bill yielding 418. That is chunky. Also you pay IRS tax only.
USD 3M LIBOR is 3.90
Most of my corporate floaters are well over 500, some close to 6, and the still hug par.
Ten 389
“The Biden family was selling U.S natural gas to China long before Joe Biden became president, who was aware of how his son Hunter Biden was making the sale possible, according to Rep. James Comer (R-Ky.), ranking member of the House Oversight Committee, citing documents and information provided by a whistleblower.
Hunter Biden had a Chinese Communist Party member as his assistant while dealing with the Chinese side for the shipping of American natural gas to China in 2017, and the Biden family was promising business associates that they would reap rewards once Biden became president, said Comer in a letter to Treasury Secretary Janet Yellen dated Sept. 20.”
FFR priced 450 all of 2023
The FED can’t slow this ship down (as expected). This is setting up to be very ugly as they will now probably overshoot the interest rate necessary causing a deeper than necessary recession. Each lack of movement in jobs and CPI after each round of FFR increasing makes it more and more likely the landing is going to be hard. This will also make it much easier to know when we’ve hit bottom in the markets.
I’ve been spot on for nearly a year now. Crazy. And quite wealthier I am going to be for it.
Mothers: I guess this gut just kept all revenues and paid no bills:
Court filings and tax records tell a different story.
They show the owner, Vishnu Seetharaman, defaulted on his mortgage. The bank commenced foreclosure proceedings in October 2019, and in May, its assignee bought the property for $100 at a sheriff’s sale. The action was stalled during the COVID-19 pandemic as the state paused such cases.
Seetharaman, 42, of Freehold Township, was indebted to Philadelphia-based Republic First Bancorp Inc., beginning in December 2017. The records show he still owed the lender more than $2.5 million, besides interest, as of August.
In an issue unrelated to the mortgage case, there is a lien on the property. The amount owed, as of Wednesday, was $62,325 for the initial delinquent taxes and utility payments, plus $213,224 for subsequent charges.
The US could end OPEC’s influence and reduce Russia’s leverage easily just by drilling and opening up pipelines. Instead, we are making the problem worse.
I’ll predict Biden makes a big switch, a la Clinton, and becomes very centrist after the mid terms. VERY centrist.
I wouldn’t pay it. Just pocket the profits-store them for safe keeping in a hiding place like South Dakota and use the system to stay in place as long as you possibly can making the most profit.
Crime does pay in the Civil Court systems of America.
America doesn’t need more energy. It needs to stop wasting the energy it consumes.
Efficiency for the win.
The US could end OPEC’s influence and reduce Russia’s leverage easily just by drilling and opening up pipelines.
We had energy independence under the previous administration which angered the progressives because it illustrated another conservative achievement for America while highlighting another failed idea introduced by the left. So, the hate for Trump results in the pain for all. Well, almost all, unless you’re connected to s0cialist movements or entitled to the efforts of the productive class. No proposal through progressive jingoism has its roots anchored in incentive, creation or individual effort. 60 years worth of ideas by the liberal democrats have ended in failure; trillions of dollars wasted that could have yielded better ideas, more advancement and greater production.
“Efficiency for the win.”
This would require mandates. Sorry. That ship has sailed. If I want to run my car on leaded rocket fuel, so be it. ‘merica!
Grim,
I went to Mother’s, once. Giant hick bar. Shitty food and overpriced domestic swill. I imagine the Pandemic, combined with inflation wiped out their business for good. I love that the park and ride for Wayne is called Mother’s.
An easier way to bet against finance personality Jim Cramer is in the works. Tuttle Capital Management—which previously launched an exchange-traded fund betting against Cathie Wood’s stock picks—plans to debut the Inverse Cramer ETF with the ticker SJIM. If approved, the fund would provide investment results that are approximately the opposite of Cramer’s investment recommendations.
This would require mandates. Sorry. That ship has sailed. If I want to run my car on leaded rocket fuel, so be it. ‘merica!
Although I am pro freedom and less government, allowing everyone to do whatever they want presents a whole other set of problems.
Freedom isn’t free, Joe said so. Pony up at the pump, the supermarket, and everywhere else. And if you can’t afford to eat, steal the neighbors cat converter and sell it. If he tries to shoot you, try to grab his gun and shoot him.
It’s a dog eat dog world out there today. Yeeehaaww . The wild west returns.
Lib,
The kids, well, the ones I work with, they make money, are all into Korean and Thai.
They don’t go to Mothers. they go to SodoSopa
50 billion to Ukraine, 8 bucks to Puerto Rico.
What a joke.
8 bucks = a lot of pernil
Cannabis is turning out to be cutting into liquor sales in a big way.
Going to be a bit impact to local bars and restaurants that cater to the drinking crowd, college set, etc etc. You know, like Mothers advertising beer pong tournaments, etc.
8 bucks = a lot of pernil
Not funny. These are your fellow Americans whether or not you choose to accept it.
“Why not call for a 10% increase in US production? I would imagine we could easily add back half of what Saudi cut, just in US production alone, and that’s just returning to November 2019 production numbers…Cause when you restrict supply, you increase price and profit.”
The Administration’s guy (not sure what is actual title is) who was running point on OPEC+ and the Vienna meeting was on CNBC. In response to a question on additional domestic supply he responded they were all for it, but just for a year or so. Not long term.
Uhm…heavy industry doesn’t work that way?
Fucking idiots…this energy mess is what you get when you allow a bunch of Ivy League liberal arts fools to pair up with a five decade Washington insider driven by the progressive wing of their Party.
Stop complaining.
You are getting EXACTLY what you voted for….
But no mean tweets!
I find it offensive that America will spend more money on a foreign country and not on it’s own people. We have money for weapons in Ukraine, but not for our own injured soldiers and veterans.
Vets requiring Go F Me donations when we have the funds to send billions to foreigners.
It’s immoral.
Wow even CNN’s Anderson Cooper is covering this story, that means something is going to drop right after the midterm election.
Rumor is he was offered a deal with NO jail time and he told the Feds to go ahead and try and convict him in a Delaware court! No one f***s with a Biden as Sleepy Joe just said this week.
https://www.cnn.com/videos/politics/2022/10/07/hunter-biden-possible-charges-devlin-barrett-ac360-sot-cont-vpx.cnn
What’s mind boggling is how the same journalists who question OPEC on camera about their cuts as if this is some immoral act then go home and write about how virtuous we are domestically to cut production. They don’t even care about their blatant hypocrisy and they do it in your face.
I always surmised they wanted Joe in office to shove through any big spending bills and he can screw up as much as he wants/take blame because he’s compromised, and can evict him from office at the drop of a hat given all his dirt along with his mental decline. I wonder if this is that moment. How else would you get the 4 candidates who were ahead of him to simultaneously drop out of a race.
Germans are pissed that we are selling them US drilled natural gas at a premium. We just made them sign a 20-year contract for LNG…Can you imagine that? What would be the commission on that? We are going to massively expanded our LNG plants and pumping in Louisiana. We now have seven US based gas liquefaction facilities there will be a dozen soon so we can ship allot of gas.
Also not reported was the German high seas piracy either, they actually stole three large LNG ships tankers from Russia used to ship gas. The Armur River and the Ob River, and the third ship called Clean Energy. They are also building five floating LNG terminals to offload the gas.
BTW Sweden is being really quiet they don’t want to ruin their chances of joining NATO. Their ROVs and divers were at the pipeline explosion sites in the Baltic sea and collected evidence, they say it definitely was “serious sabotage”.
https://www.cnbc.com/2022/10/05/german-minister-criticizes-us-over-astronomical-natural-gas-prices.html
Germans are pissed that we are selling them US drilled natural gas at a premium.
Oh wait, Europe is actually doing math on energy policy now? This is laughable.
BRT – England is gonna freeze this winter, intentionally too, it will be payback for BREXIT. Did you know without the French nuclear powered electricity the Brit’s could not have tea time? Not enough domestically produced electricity to run all those tea kettles at once.
My aunt was just here from Ireland, nobody will be using gas to heat their homes this winter, it’s too expensive they are switching back to peat stoves and coal fireplaces which the sale of peat is illegal now, but everyone is doing it.
BRT,
Though, I’m not a conspiracy theorist ever, here is my best attempt at one that makes a lot of sense (to me).
If you all recall in the Dem primaries, before South Carolina, the race was between Bernie, Pete, Warren and Biden (all losing ground Bernie as time went on). In the week between the Nevada and South Carolina primary, Pete and Warren dropped out, essentially giving their votes to Biden. Those three were all solid sworn members of the establishment. Though not proven, it is theorized that Pelosi, the defacto leader of the DNC, arranged for Pete and Warren to drop out. This gave Pelosi power of Biden who she knew was, first a pushover. And second, needed the help due to his age and the effect it was having on his cognitive abilities (which were always in question). I also don’t doubt for a minute that Pelosi conjured up the fake story Warren tried to pull on Bernie where she claimed Bernie made a misogynist statement, though, the witnesses to his statement remained anonymous. This was probably Pelosi’s attempt to try to draw all of the progressive females who supported Bernie, into the failing Biden camp.
Never underestimate the leader of a party who brazenly continues to inside trade when the majority of her own party find it immoral and when there have been countless articles in the progressive rags urging her to stop. More proof, that she, like the vast majority of them, are in it for themselves.
A North Carolina man has pleaded guilty to plotting with other members of the far-right Proud Boys to violently stop the transfer of presidential power after the 2020 election, making him the first member to plead guilty to a seditious conspiracy charge.
Well no real surprise after todays job report. Tightening to continue. 8 percent mortgages around the corner.
Just waiting for contagion. Where is it going to come from? I still have a feeling that housing busting is going to cause lots of collateral damage.
Juice: A lot of people in Ireland still have the old peat burning ranges. Many incorporated them into the new construction over the years as well. A lot of sentimental attachment to them as well. I remember years ago cutting and bringing in the turf to dry on my Uncle s farm. Tough hard work. The smell when you burn turf is wonderful, brings back a lot of memories.
Still haven’t touched anything.
https://photos.app.goo.gl/xwtL8feSnJ2YfmrU9
Juice,
Getting your Hunter Hard On. Devlin Barrett is the one that gave us Hillarys emails and Gaetz is not going to jail. There was no leak, more like a plant.
I think this guy sums up my views. NSFW
https://twitter.com/smalls2672/status/1578127894102114325
Fab – Trump is the past focus on the present. 10% for the big guy, will we get to hear that sworn statement in court in a few months? Going to be a long two years if Biden Jr does not take the deal. When is the last time anyone got that kind of favoritism, anyway? I know a guy who got sentenced to 4 years for a minor mail crime.
Mayor Adams says 17,000 asymlum seekers have been bused to NYC, so far. He says 5-6 buses are showing up each day.
He expects over 100,000, in the coming months.
What it costs to purchase a $800k house, at a 8% mortgage:
Borrowing $650k (so, it would be approx a 20% down payment)
$24k/year property tax in NJ, easy.
$7,500/month.
PITI = $7,000
Assume $500/mo. in utilties
It was $2k less per month this past spring, when mortgage rates were at 3% instead of 8%.
In your opinion, what gross household income does a household need to make to responsibly be paying $90k/year in housing costs? $300k? $400k? more?
Juice: Don’t waste your time, the hard core Dems will never acknowledge Biden / Hunter are crooks. They will defend and deflect and constantly reference Trump.
Not rocket science; these high rates are not sustainable long-term, crushed. So whoever sells for a discount because of the rates are a sucker. There will be low rates again sooner than later. The more pain that comes, the sooner it will happen.
3B – There is only the political angle from either side crooks and all that they are… so many potential primary opponents are now sharpening their knives.
After Hunter is charged we will see the jostling now for position of the Dem primaries in 2024. For Sleepy Joe will have to Pardon his son, if not for any other reason but to prevent himself from being fingered as the big guy. His chances of reelection are now significantly diminished, his own party will tell him not to run. What then? Before anyone says it cannot happen remember the Democrat President Lyndon B Johnson did not run for reelection in 1968, he was told he would not be chosen by party so he bowed out.
Pete Buttigieg will be more than happy to toss Biden under the bus and toss his hat into the ring again along with a cast of characters like Klobuchar, Phil Murphy, Gavin Newsom and a few others. It is going to be a real mess especially if they lose enough seats in the house and senate next month and can no longer prevent congressional hearings into these matters anymore.
Juice: Good analysis, but the choices you list are depressing, none of them bring anything to the table, nor offer any appeal to the vast majority of Americans who politically in the middle. We need people with a real record for getting things done, people who have some ideas as to how we move forward as a country, how to get through the coming recession, and where the economy does now that the era of low interest rates/ asset inflation is over. How do we tackle debt? A rational immigration policy, how to deal with both Russia and China. A long list and none of the names you mention strike me as being anywhere near up to the task.
3B – We need to move the remaining boomers out of politics as a start. Andy Basheer the governor of Kentucky would be a good choice, there are 22 Democratic Governors to choose from right now.
I also want Trump charged with ANY crime now too so he is out of the picture, drama from him we just don’t need.
Biden served his purpose so he can be gone. He was a vessel for the establishment to recapture the White House after the outrage of a populist candidate being elected by smelly wall mart people. That won’t be allowed again.
The deep state is now firmly back in control with the neocons wars and popular sprain at home. Joes launched the war against the common man
Joe and Hunter can ride off onto the sunset. Neither will ever be held accountable, they did their part to perpetuate the status quo. So what if they syphoned of millions and sold us out along the way. Many others did as well.
Juice Box says:
October 7, 2022 at 2:22 pm
“Andy Basheer the governor of Kentucky would be a good choice…”
Why? Although not a radical leftist like the ‘squad’ contingent of the Dem party, there’s nothing to indicate this guy is anything more than a well-connected empty suit. He comes from a powerful political family and his only work experience prior to politics was handling cases as a lawyer that I’m sure benefited from his connection to the then governor — his father. And he’s engaging in all the same score-settling politics as other Dems — emptying jails, letting convicted felons vote, ignoring immigration laws, etc. This guy has Pete Buttigieg written all over him — talentless, inexperienced, utterly useless. Seems to me you’re stretching and willing to give the benefit of the doubt to any Dem that’s not simply a batsh!t crazy leftist.
Bottom line, if we see a Hunter indictment, no matter how toothless (pun intended) then the deep state has decided that Joe has surpassed his usefulness. With his advanced dementia, deviant children, diminished impulse control, they don’t want him around anymore. They can’t have him out there telling the truth.
Closing shorts for the week. I’ll take a -4% day on the Nasdaq.
No housing bust without job losses. Housing slowdown, sure, but bust only happens under duress.
Libturd says:
October 7, 2022 at 12:28 pm
Just waiting for contagion. Where is it going to come from? I still have a feeling that housing busting is going to cause lots of collateral damage.
If the Germans want to sign 20 year contracts for LNG, they can get a lower price than current spot. But they are unwilling. Instead they and other Europeans want tens of billions of LNG infrastructure to magically appear to take the place of their piped Russian gas, while at the same the same politicians say they want to end fossil fuels ASAP, meaning, spend billions for my gas supply for the next couple of years, then we hope to shut off our demand for your product, and you can deal with the losses.
This is the current main insanity and hypocrisy of the green politicians (and nearly every politician in Europe, right or left, is “green”.) For the past 7-8 years, until this year, LNG producers haven’t been making good returns due to past investments not paying off adequately. How can politicians expect them to invest again in supply and distribution assets while saying that they want to end the industry ASAP? These assets have 20-30 year lives.
3b
You have that backwards. The Hunter story was used a deflection scandal so that red hat mooks could say ‘look over there’ while Orange Khan was busy assaulting our democracy. The facts are in your face yet still big rallies and absolution by cult on this board. Let’s get real here..Trump first then Hunter but you can’t get one side to throw him over-board bc they got nothing else. That is the bigger problem here.
Good solution to tame wage inflation. How we we get more?
Mayor Adams says 17,000 asymlum seekers have been bused to NYC, so far. He says 5-6 buses are showing up each day.
He expects over 100,000, in the coming months.
If we were smart we would have imported a million talented Ukrainians.
Most men are not allowed to leave Ukraine under martial law and all so that won’t work.
If we were smart we would have imported a million talented Ukrainians.
Someone has to pick our fruit and vegetables.
Good solution to tame wage inflation. How we we get more?
Bring back slavery. It goes to the core of America, and some are more than willing to have it come to that.
Wage inflation is not even keeping up with the inflation of food and fuel.
Taxpayer winning as teacher contracts get 1% a year. Can’t believe my colleagues approved a 3 year contract at 1% a year in this inflationary environment. Guess someone has to take the bat to the head to tame inflation.
Golden age for teachers in nj was late 90s early 2000s. Right when they sucked me in. Those teachers made out big time. Don’t compare teacher compensation today with that golden age group.
Phoenix says:
October 7, 2022 at 6:14 pm
Wage inflation is not even keeping up with the inflation of food and fuel.
Bring back slavery. It goes to the core of America, and some are more than willing to have it come to that.
H1B? You ever see what happens when you get laid off from a job on a work visa?
Heroes in blue at it again. Poor kid can’t even eat a burger with his girlfriend without getting shot. Video is chilling to watch.
https://www.dailymail.co.uk/news/article-11292901/San-Antonio-cop-fired-sneaking-teenage-couple-shooting-startled-driver.html#v-7742572598883299907
Truer words have never been spoken.
No One says:
October 7, 2022 at 4:17 pm
If the Germans want to sign 20 year contracts for LNG, they can get a lower price than current spot. But they are unwilling. Instead they and other Europeans want tens of billions of LNG infrastructure to magically appear to take the place of their piped Russian gas, while at the same the same politicians say they want to end fossil fuels ASAP, meaning, spend billions for my gas supply for the next couple of years, then we hope to shut off our demand for your product, and you can deal with the losses.
This is the current main insanity and hypocrisy of the green politicians (and nearly every politician in Europe, right or left, is “green”.) For the past 7-8 years, until this year, LNG producers haven’t been making good returns due to past investments not paying off adequately. How can politicians expect them to invest again in supply and distribution assets while saying that they want to end the industry ASAP? These assets have 20-30 year lives.
Taxpayer winning as teacher contracts get 1% a year. Can’t believe my colleagues approved a 3 year contract at 1% a year in this inflationary environment. Guess someone has to take the bat to the head to tame inflation.
Just think how bad that contract would have been without collective bargaining. It’s a good thing you are pay your dues. They fought hard for you.
Lmao
“If I were to engineer a massive deflationary bust, here’s what I’d do.
THREAD:
1) Use lockdowns to justify the largest fiscal/monetary largesse in history
2) Set rates at 0% while buying endless amounts of debt to suppress yields
3) Directly send stimulus to the populace”
“the hard core Dems will never acknowledge Biden / Hunter are crooks”
Well if I ever see some credible evidence I will acknowledge. But that laptop is more contaminated than Chernobyl. The laptop on its own is not sufficient. Even from that WaPo article it shows they are reaching. “Prosecutions for false statements on gun-purchase forms are relatively rare, but they do happen.”
Remember when you got your panties in a bunch about Durham charging Sussmann and I told you it was a nothing burger and it would go nowhere. This is the same. Wake me up if a jury ever delivers a verdict.
LMAO “crooks”. Literally every GOP/Trump associate jailed….soon to be jailed….or under indictment.
Fab – You do know that even the major media outlets validated the laptop, there is no more RUSSIAN!! cover..Then there is Hunter Biden’s book where he admits to his failings? Look I know you are gonna defend him that is fine but even he knows he is fucked.
Game over unless they pull a Nixon. How many resign now is the only quesiton.
And as a historical fact, history rhymes…
“U.S. President Richard Nixon ordered Attorney General Elliot Richardson to fire Special Prosecutor Archibald Cox; Richardson refused and resigned effective immediately. Nixon then ordered Deputy Attorney General William Ruckelshaus to fire Cox; Ruckelshaus refused, and also resigned.”
Merrick Garland may have even been promised another chance at the Supreme Court by Biden.. We shall find out soon if anyone is willing to fall on the sword.
Mayor Adams is acting like the city doesn’t have the resources to handle the asylum seeker influx. I can solve this problem with one hand tied behind my back.
17k have arrived, so let’s assume 7k of them have family that have taken them in. So, we need to house 10k people. Let’s assume that means we need 3,000 apartments.
3,000 apartments x $2,000 per month = $6m
So, I’d find apartments for the asylum seekers in Newark, Yonkers, New Haven, Philly, and beyond. I’d have NYC pay for 4 months of rent while the asylum seekers settle in, but the message to the asylum seekers is that they need to figure it out.
So, for $24m or so, you mostly meet the current situation. If ten times the asylum seekers show up, $250m is nothing to NYC municipal budget. The NYC municipal budget is something like $90B (that’s big B’s).
So, Adams is either crying to the media for (A) attention, (B) to pump some state and federal money into the city, or (C) his underlings are dumb as bricks.
https://www.politico.com/news/2022/10/07/asylum-seekers-new-york-city-eric-adams-00060814
Apparently voice mails and videos aren’t good enough for him. Could be deep fakes.
Fun facts of the day.
https://threadreaderapp.com/thread/1578035990781775872.html
SAT scores in Michigan seem biased.
The fired San Antonio cop who shot an unarmed 17-year-old who was sitting in his car eating a cheeseburger is a married former soldier who was commended for his firearm skills while in the police academy.
Thanks Walter Cronkite.