From the Star Ledger:
A remarkable thing happened in Trenton last week: Democrats outmaneuvered Gov. Chris Christie for the first time ever, effectively killing his crazy plan to cut taxes.
And then another remarkable thing happened: The most voluble and entertaining governor in world history was at a loss for words. It was another first, as if he had been whapped in the head and stunned into silence.
If you didn’t realize that the tax cut was dead, you can be forgiven. No one is saying that.
But the dance steps are painted on the floor now. You only need to follow the sequence to see where it all ends.Democrats, in the first move, agreed to put enough money into next year’s budget to cover the costs of a tax cut. How can Christie veto that?
The trick is that a tax cut requires a separate bill that spells out the lower rates. And Democrats said they won’t consider that until December, and only if Christie’s magical predictions about an economic boom prove true.
“We’re not denying him his tax cut,” says Sen. Paul Sarlo (D-Bergen), chairman of the budget committee. “But it’s like with a kid. We’re putting the cookies on the table and saying, ‘Be good and you can have it later.’ ”
Which brings us to the meat of this issue: Can New Jersey really afford a tax cut?
And this is where the debate in Trenton veers into the absurd. Because no one wants to face the fiscal tsunami that is screaming toward the state and will hit in the next few years.The charts on this page tell the sad story in hard numbers. Over and over, and with both parties to blame, Trenton has pushed big costs into the future. Huge increases are now baked into budgets over the next several years.
Good Morning New Jersey
We are almost certain to cut the rate of increases of taxex, except for that portion of taxes that go to pay for pensions, healthcare, and emergencies. Feel better now?
taxex=taxes
The Bureau of Labor Statistics tells us that we now have 115,000 janitors, 83,000 bartenders, 323,000 restaurant servers, and 80,000 heavy-duty truck drivers with bachelor’s degrees — a number exceeding that of uniformed personnel in the U.S. Army.
Pretty soon, a baccalaureate will become a minimum qualification for those jobs.
What would happen if Christie got approval to make pensions go away. People that have them now keep them, but if I start as a public worker tomorrow, I get no pension. Put in place a defined contribution plan like the rest of society.
5 – While I’d like to think your statement is a positive commentary on the relative educational status of the average American, I do detect a hint a sarcasm there, so it probably isn’t the case. But is it any surprise, really? Every kid is special, every kid is unique, gold stars for everybody! Hasn’t the BA really just taken the place of high school?
Pensions will never go away in NJ. NJ is and has been a welfare state form many years.
Run by the Unions for the Unions . NJ is broke and has become a service state .
Bigger question : What will happen when Pharma leaves ?
Freedy 8 Jobs will actually be created when Pharma leaves, someone needs to clean their toxic sites that they occupied.
8.freedy says:
June 19, 2012 at 8:16 am
Pensions will never go away in NJ. NJ is and has been a welfare state form many years.
Run by the Unions for the Unions . NJ is broke and has become a service state .
Bigger question : What will happen when Pharma leaves ?
Just make cigarettes $10,000 per Pack to make up the difference, coupled with a $100 per pound BMI Fat Tax. Narcotics will become legal and free.
Marco Rubio was just on CNBC. Oh my G0d, what a breath of fresh air! This guy absolutely believes what he says and does so with incredible ease. He will be the first Hispanic President in eight years after the Romney administration.
grim [7],
Everyone gets a f*cking pony.
#6 Can’t convert new hires to 401k or the current system becomes insolvent much sooner. That goes for any defined benefit. The current system would either have to bankrupt or they would have to buy all retirees and current plan participants out. Won’t happen.
May housing starts down 4.8% for May. Meh.
13 – So what you are saying is that the NJ pension system is basically just a Ponzi scheme?
This is great. My school district is getting a pony. I just want to thank everyone on the board for sending us your hard earned tax money from across the state so we can build a new field. Funny, Sparta wanted to do this by selling bonds but it was voted down. It’s great, fully funded thanks to State aid and a budget surplus. No added property tax increase. Thanks everbody!
Artificial turf project at Newton High School under way
http://www.njherald.com/story/18820136/artificial-turf-project-at-newton-high-school-under-way
By BRUCE A. SCRUTON
bscruton@njherald.com
NEWTON — Work has begun on a $1.2 million project that is ripping up the football field and infield of Newton High School’s track and replacing it with an artificial turf surface where not only football, but lacrosse, field hockey and soccer can be played under new lights.
On Monday, the school board, other school officials and members of the community heard Paul Martino, president of Applied Landscape Technologies of Montville promise — sort of — that the field will be ready for the school’s first home football game in September.
“If the weather cooperates, it looks like we might be finished early,” he said as power shovels and dump trucks worked in the background to strip away the several inches of ground and drainage base, which had been the infield of the track.
While the artificial-surfaced track will not be touched, everything else on that half of the athletic field on the hill behind the high school is being replaced.
Applied Landscape Technologies vice president Phil Pirro said the new infield is designed to be used an hour after a seven-inch rain. While the turf fibers are about three inches long, there will be about 13⁄4-inch of cushioning among the blades so the finished product will appear to have about 3⁄4-inch grass.
The $1.2 million project also includes new stadium lighting, a scoreboard and screening at each end of the field to keep balls for lacrosse and soccer from going too far.
Superintendent G. Kennedy Greene said the district was able to use one-time state aid and some budget surplus to fully fund the project from operating funds and is the first phase of a three-phase project that eventually will have artificial turf on all the athletic fields, including baseball, softball and practice areas.
The lighting will allow for night games in the stadium setting and the new scoreboard will give the school the opportunity to rent advertising space. Even naming rights are available with Board of Education approval, he noted.
The turf will be laid so that the football field with its gridiron and yardage markings are in white, while soccer field markings will be yellow, blue for lacrosse and maroon for field hockey. In the center of the field will be a large maroon N.
Dave Petry, president of The Newton Pride Foundation, said the group will hold drives to help fund the remainder of phase one and the next two phases.
About $222,000 in additional funds for Phase 1 will allow resurfacing of the track, which will eat up more than $175,000 of that budget as well as another $47,000 for track and field equipment and new field hockey and lacrosse goals.
Phase 2, estimated to need about $560,000 will be to construct three new tennis courts and a small parking lot in the northwest corner of the fields, a basketball court next to the maintenance building and modifying the current tennis courts and basketball court into additional parking spaces.
Phase 3 is expected to cost more than $1.2 million to install synthetic turf auxiliary fields for practices and line them for baseball and softball as well as junior varsity soccer, field hockey, lacrosse and football.
11. The collective IQ on this site has shrunken down to the size of a penny.
#14 More stimulus on the way. Fed wraps up their meeting tomorrow afternoon. The market demands it (more stimulus), and the Fed will accommodate.
16. Sports are productive, improvements are also productive, not everyone wants to sit on their couch and blog about how unhappy they are. Seriously. Give kids a great place to play and watch them grow stronger. Your best days might be behind you, but that’s no reason to let fields, schools, and public structures crumble.
(Yes, I know turf can be hard to play on, but it is probably easier to maintain over time….)
The housing market is improving. At least that is what they are tying to sell you on. Listed a condo in Morris County last week. Last sale in the complex was in February at $238,000. My listing is $249,000 and is an identical unit in similar condition. Not a single call from an agent or buyer in more than a week and this is the lowest priced unit in the complex.
Bottom? I don’t think so!
Probably the most disappointing thing that I see in my work relative to public sector pensions is the attitude of the recipients. There is no gratitude regarding this nice perk, how much superior it is to other people’s options, or how bad off a number of other people are……almost uniformally the attitude is “…..I get mine; Christie is an a%%hole; I don’t give a sh!t if everyone else in NJ has to eat dog food…..then add….I can’t stand property taxes and Trenton takes too much of my money…” ” Can you believe how much it costs to lease a BMW nowadays?”
Where are clot and gary when you need them?
bergenbuyer says:
June 19, 2012 at 7:51 am
What would happen if Christie got approval to make pensions go away. People that have them now keep them, but if I start as a public worker tomorrow, I get no pension. Put in place a defined contribution plan like the rest of society.
The local municipalities, counties and state have to make up for the shortfalls for their workers in the NJ Pension system. I can see perhaps what JJ was taking about yesterday lots of long term bonding for when the bill comes due. I have said before they take allot of risks with the money they have (they changed the rules last year and rebalanced to allow up to 38% investments in Hedge Funds). They are approx $54 billion short now. They have two options right now besides tax increases. Those would be expense or benefit reduction, or return enhancement. Return enhancement is an issue, they cannot lock up money for higher returns because the pensions need to be liquid to dole out approx 8 Billion a year in payments. Benefit reduction esitmates are about 60% cut. Lawsuits will tie up a 60% benefit reduction. The only other logical thing to do is raise contributions from the municipalities, counties and state, meaning tax increases. If they put in another 10 Billion a year right now the plan they would no longer be insolvent. The other option is kick the can and go bankrupt completely in another 5-6 years depending on how the investments perform.
Will the Federal Gov ride in and be a white knight? Possibly but where will they get the money besides the printing presses?
re # 21 – Chi – you gonna rent for another few years and then Get the hell out of Dodge?
#20 30 Year: I am seeing some very reasonable listings in Midland Park, for modest houses (which) is what we are looking for, and very reasonable taxes. Spoke to a Realtor at an open house who actually surprised me by saying activity in general is very slow in Bergen Co.
Meanwhile I am still seeing listings come on almost every day in some towns as we head to the end of the Spring selling season.
21. Yeah Wall Street was super grateful about their bailout. What a bunch of nonsense.
11 – wasn’t the rug just pulled out from under Rubio in the one area where he was supposed to make a big difference for republicans?
26. Apparently he has “issues”…personal finance and possibly more. They won’t even vet him. He also happens to be functionally retarded, but that didn’t stop them the last time.
#21 chgo: That is my biggest beef with them. They will not even acknowledge that they have a great deal!!! They refuse to give an inch. And if you question it, then they point to Wall St bailouts which the overwhelming majority of people in the private sector have nothing to do with. And they want spending cut, cut, cut, cut, except for them.
re# 18 – 3B – Yup our economy is economy now dependent on ongoing monetary and fiscal stimulus. Sound familiar? The Japanese perhaps? Every hedge fund manager, every sovereign wealth fund, every bond fund manager like Gross and all of the taking head pundits they send to talk on TV, watch as the last stimulus wears off, the air comes out of the partially reflated economy and then they all call for the next round of central bank action and stimulus from congress. It’s pathetically sad, as if you took a handful of bone*r pills and it just barely moves…..pretty soon everyone is going to peeing sitting down.
28. OK, so what is the average pension that a public employee draws each year in NJ?
The Democrats determination to raise taxes in boundless. It is what they dream about at night and fantasize during the day. It runs through their blood and is embedded in their DNA.
Most collect pensions near the poverty level.
In most cases it’s easy to figure out years/55xsalary. 33years/55=.6 x 60,000 = $36,000 pension approx. you would have to make about 170,000 a year to retire with 100,000. the average teacher salary is about $100000 after 33/34 years do the math.
31. Another penny weighs in….Reagan raised taxes.
This was just the first of many tax increases that President Reagan endorsed and signed into law. There were 11 major tax increases during his administration. And this doesn’t count the fact that Reagan intentionally delayed the start of tax indexing, which was part of the 1981 tax bill, until 1985 so as to capture a lot of anticipated bracket-creep for the Treasury. In fact, it was the failure of inflation to come in as fast as White House economists expected that created much of the deficit problem. I estimate that lower than expected inflation and the loss of bracket creep was responsible for about half the budget deficit in 1981 and 1982.[12] It’s also worth noting that the Tax Reform Act of 1986, which was revenue-neutral in the long run, was a fairly substantial revenue-raiser its first year, increasing taxes by $18.6 billion or 0.41 percent of GDP.[13]
Source: http://capitalgainsandgames.com/blog/bruce-bartlett/2154/reagans-forgotten-tax-record
another one under contract in Tenafly:
Est Cls Dt: 7/19/2012 UCD: 6/15/2012 DOM: 126
#29 Juice: Yes. And they cannot end it, or we will face collapse. There is no way IMO, that the Fed does not come out with another round of something or other tomorrow. Simply stating that they will keep rates low until 2014 is not enough.
My painters seemed to have disappeared. Funny thing is they are nearly finished and left behind most of the paint. Further I haven’t paid them for most of the job yet. So I almost hope that they did walk off and have no intentions of finishing because I save serious money.
I will give him the opportunity to answer why they haven’t finished, but if they give me smack, I’ll go iinto court and get a judgement, then I’ll hire nom de plume painting to finish the job, and send them the invoice to set off their contract price.
#32 Essex: I don’t know about teachers, but I have family members who are retired cops/corrections. Retired in their early 40’s with 50 to 60K a year pension and free medical for life. I don’t know any one in the private sector who gets that type of benefit.
Essex…I’ll give you the average pension number if you provide me the average cost of healthcare for you and your spouse for life of which your wife probably paid less than one 1000th of its actual cost.
And the Republican and Tea Party idiots who are looking to Christie as a possible VP are touting how he performed miracles by bringing NJ back from the brink of dispair!?! Are you kidding me…..all Christie has done is play the old “bait and switch” game – especially with promises of a tax cut. He knew damn well NJ couldn’t afford a tax cut, but he wanted everyone (that is, everyone without a brain) to think he did his best and the horrible state senate are the “meanies” denying the tax cut. If ANYONE votes for Romney in particular and the Republicans in general, they should have their head examined; the only group to benefit from Romney will be the rich – again – and we the dwindling middle class will continue to pay for their lifestyle. And need I remind the women of America that the Republicans and hateful Tea Party are trying to take away your reproductive rights!!! Wake up women – the Republicans are trying to take us all back to the 1950’s where a woman’s worth depended on their husband’s position in life; because they’re running scared; we outnumber males (the ones who are making the decisions for us by trying to shut us up and out), most often we’re more educated and much smarter than they are. We are currently reaping the rewards of the sacrifices of those who came before us – don’t let apathy or stupidity undo those sacrifices.
Nothing can bring NJ back. The horses have left the barn. High end will do fine,the rest
are finished . High property taxes, sales tax of 7% , highways in complete free fall,many downtowns just are tired and need of a do over , and add that on top of an influx
of the Welfare takers and what s left. Nothing. However, the Police,teachers,locals
will get the pensions . The Pols just line their pockets .
Just raise the property taxes
Patricia…it doesn’t matter who you vote for if your major concern is the survival of the middle class.
“If ANYONE votes for Romney in particular and the Republicans in general, they should have their head examined; the only group to benefit from Romney will be the rich – again – and we the dwindling middle class will continue to pay for their lifestyle.”
Boy I don’t miss painting. More and more everyday I love my vinyl siding and vinyl picket fence.
37.Comrade Nom Deplume says:
June 19, 2012 at 9:57 am
My painters seemed to have disappeared. Funny thing is they are nearly finished and left behind most of the paint. Further I haven’t paid them for most of the job yet. So I almost hope that they did walk off and have no intentions of finishing because I save serious money.
I will give him the opportunity to answer why they haven’t finished, but if they give me smack, I’ll go iinto court and get a judgement, then I’ll hire nom de plume painting to finish the job, and send them the invoice to set off their contract price.
NY part time Politicians vote to raise their salaries to 100K a year,,, after the next election of course.
Jersey will have to top that shortly there after.
Taxes “To infinity and beyond”
And as a middle class guy who works for rich people, I hope those evil rich guys continue to pay for my lifestyle.
“If ANYONE votes for Romney in particular and the Republicans in general, they should have their head examined; the only group to benefit from Romney will be the rich – again – and we the dwindling middle class will continue to pay for their lifestyle.”
I re-read that article again about lost wealth during financial crisis. One main thing they miss is fact for many people it is their own fault. Too much of net worth tied to stocks and housing on mortgages and loans made them undiversified.
Also many went to cash at wrong time. Case in point I know a young girl in my office who bought a house at the peak and had around 50K in bank. She refused to jump in to stocks or bonds all of 2009 till today instead leaving it at low rates. Her place fell like 50K in value which kind of wiped out her 50K in bank. Meanwhile stocks and bonds are up well over 100% since 2009. Easily she could have in a low risk approach just bought a mix of ten year treasuries, ten year investment grade, ten year munis and blue chips stocks between March 2009 and March 2012. Instead she kept 50K in cash and kept adding to savings each month. Of course around early 2012 she asks can you tell me where to find those 16% Citigroup and 10% GE bonds you wanted me to buy a few years ago. yea get a time travel machine go back and buy them. People cant continue to buy high, then be afraid to buy low. It is a recipie for disaster.
39. My healthcare provider is cover by a Swiss Multinational.
3B (36):
700+ points added on the Dow purely on hopes for more stimulus. My guess the way the market is shooting up today is that they know the 500-600 billion dollar MBS purchases are in the bag.
Zero Hedge had an interesting article on how the Fed must control the flow of purchases. I do not understand all the details but the main point was clear.
http://www.zerohedge.com/news/part-its-new-qe-qa-goldman-warns-possibility-50-75-billion-flow-program
Essex- whatever happened to the transfer? Did you not want to wear Lederhosen and drink Feldschloesschen?
Police pensions are much more lucrative than teacher’s. It is 70% of your final salary after only 30 years. Considering the median salary for a nj cop is 90K (how come no one ever talks about this?), pensions easily end up in the 80 – 120K range for them.
#48 All: 700+ points added on the Dow purely on hopes for more stimulus.
True and pretty scary when you think about it.
freedy,
I’m thoroughly convinced that the pensions will not be paid. If they try to raise the taxes on the residents, the residents will leave. It’s simple math. Last I read, the combined health and pension bill deficit is around 80 billion. NJ only brings in about 28 billion in tax revenue per year and is already the most highly taxed state. NJ is also ranked 47th in the country for economic growth.
An active sunspot is amping up the sun’s activity, and has already unleashed two strong solar flares that triggered weekend geomagnetic storms on Earth, NASA officials say.
The M-class solar flares set off two coronal mass ejections (CMEs) that erupted from the sun on last Wednesday and Thursday (June 13 and June 14).
The first flare peaked Wednesday at 9:17 a.m. EDT (1317 GMT), and lasted for three hours, NASA scientists said. The resulting CME was hurled into space directly toward Earth, but was not expected to carry serious effects for the planet because it was traveling at a relatively slow speed.
The second solar flare peaked on June 14 at 10:08 a.m. EDT (1408 GMT), and was also considered a long-duration event, agency officials said.
Wasn’t raising the minimum wage an issue in the NY state legislature recently? Whatever happened to that? Nothing I guess. Now they want to vote raises for themselves? Pay attention New Yorkers…your state legislators have Brass Balls.
44.funnelcloud says:
June 19, 2012 at 10:12 am
NY part time Politicians vote to raise their salaries to 100K a year,,, after the next election of course.
Jersey will have to top that shortly there after.
Taxes “To infinity and beyond”
49. All in good time my friend. All in good time.
40.Patricia says:
June 19, 2012 at 10:04 am
And the Republican and Tea Party idiots who are looking to Christie as a possible VP are touting how he performed miracles by bringing NJ back from the brink of dispair!?! Are you kidding me…..all Christie has done is play the old “bait and switch” game – especially with promises of a tax cut. He knew damn well NJ couldn’t afford a tax cut, but he wanted everyone (that is, everyone without a brain) to think he did his best and the horrible state senate are the “meanies” denying the tax cut. If ANYONE votes for Romney in particular and the Republicans in general, they should have their head examined; the only group to benefit from Romney will be the rich – again – and we the dwindling middle class will continue to pay for their lifestyle. And need I remind the women of America that the Republicans and hateful Tea Party are trying to take away your reproductive rights!!! Wake up women – the Republicans are trying to take us all back to the 1950′s where a woman’s worth depended on their husband’s position in life; because they’re running scared; we outnumber males (the ones who are making the decisions for us by trying to shut us up and out), most often we’re more educated and much smarter than they are. We are currently reaping the rewards of the sacrifices of those who came before us – don’t let apathy or stupidity undo those sacrifices.
Unfortunately, the same is true of the DumboCrats. Neither major party candidate favors America or Americans. They are all Globalists. Neither is a 1950’s President either, like Eisenhower, who actually was an American. You are right about one thing, IKE preferred families survive on one income, rather then exist only for all resources to serve the state..
55. It’s also not a transfer it is a rotation. We lived through a McKinsey driven ReOrg this past year, which was a bit of a nailbiter, the overall outlook for Europe is a little strange right now with some elements like anti-semetism raising it’s head again. On the whole I think it best to remain in the US. Just my current state of thinking.
The average cop earns 90k, absurd. ride thru these North Jersey decaying towns.
Most need a do over and are overrun with illegals or low income earners that suck
up services. Pal Park,Teaneck,Bogota,North Bergen, W. NY,Fairview,Passaic,Paterson,Clifton, Garfield, Wallington,Lodi,
These towns are gone . But the beat goes on with the Taxes
#52…. I think you may see the states bail out towns and where necessary the feds bail out states. You may see a return to the MAC type del hat NYC had in late 70’s…finncial review boards in exchange for pension tkeovers…
what happened go away for a few days and the site turns into team red team blue mental master bation fest.
Patty they all stink, but the public unions are bankrupting this state. In colusion with the idiot politicians and the moronic supreme court.
Seriously the woman angle while I would agree that the socon wing of the pachederm party yearns for the world of the 1950’s as seen on leave it to beaver. that world never existed. unless your a total plank there has been a shift away from the socons. not a cut but as the voting rolls have gotten smaller the smarter looneys in the repub party have found that moderating the social ill s message leads to more votes
Fast Eddie Rubio is another internationalist moron. He looks good in a suit and talks a good game and oooh he is hispanic junior sentor. kinda of like if he looked good in a suit, talked a good game and ooh he is a black junior senator. See how well that worked out. Military spending will replace welfare spending but the song will remain the same. nothing will get fixed we are all getting robbed
Essex the one fallacy most folks forget when they talk about the gipper raising taxes is that they were agreed upon for future spending cuts and negotiated with a Teddy (what mary jo can’t swim?) Kennedy led senate and congress headed by speaker Tip O’neal both democrats. The taxes came the spending cuts never materialized. Same thing happened with Bush the elder. Blaming a president for taxation is ignoring the other components of our republic the president signs or vetos bills, may hel negotiate policy but does not craft them. so do you blame Regan for negotiating in good faith only to sign a bargain with the devil.
for f*cks sake I can’t even blame the Great Panderer for the last two years because of the partisan circle j*rk going on with both sides engaged in a game of political chicken. Both are ignoring the roots of the problem and it stares them in the mirror everytime they go to wash their hands.
Housing Starts in U.S. Fall 4.8% in May on Apartments
http://www.bloomberg.com/news/2012-06-19/housing-starts-in-u-s-fell-4-8-in-may-to-708-000-rate.html
Builders broke ground on more single-family houses for a third consecutive month in May and rising construction permits pointed to further gains, showing the residential real-estate market is weathering the U.S. economic slowdown.
Work began on 516,000 one-family houses at an annual rate last month, up 3.2 percent from April and the most this year, the Commerce Department reported today in Washington. A slump in construction of apartments, which is often volatile, led to an unexpected drop in total housing starts.
Building permits, a proxy for future construction, climbed to the highest level since September 2008, showing the combination of lower prices and record-low mortgage rates is underpinning demand and encouraging new projects. Toll Brothers (TOL) Inc. is among homebuilders benefiting from an improving housing market on rising demand for move-up homes.
“We saw a very strong number in new permits, indicating builders are seeing improving demand,” said Russell Price, senior economist at Ameriprise Financial Inc. in Detroit. The report “was a lot better than the headline number would suggest.”
Total starts dropped 4.8 percent to a 708,000 annual pace in May from a revised 744,000 rate in the prior month that was the highest since October 2008, today’s report showed. The median forecast of 77 economists surveyed by Bloomberg News called for a 722,000 rate. Estimates ranged from 685,000 to 750,000.
Building permits increased 7.9 percent to a 780,000 annual rate, reflecting gains in single-family and multifamily homes.
Stocks Climb
Stocks advanced as the Federal Reserve begins a two-day meeting to decide whether more monetary stimulus is needed to spur the world’s largest economy. The Standard & Poor’s 500 Index climbed 0.9 percent to 1,357.32 at 10:19 a.m. in New York.
Elsewhere, a report showed German investor confidence fell in June by the most in 14 years as Europe’s sovereign debt crisis weighed on the economic outlook. In China, the commerce minister said the nation’s economy is heading for a rebound this month following government measures to support growth.
U.S. housing starts were up 26 percent in the 12 months ended in May unadjusted for seasonal variations, today’s report from the Commerce Department showed.
Work on apartment buildings and other multifamily units decreased 21 percent to an annual rate of 192,000 in May, the slowest this year, from 244,000 a month earlier.
By Region
Three of four regions had a decrease in overall starts in May, including a 13 percent decline in the Midwest and a 20 percent drop in the Northeast. Starts in the West rose 14 percent.
A report yesterday showed confidence among U.S. homebuilders climbed in June to a five-year high. The Washington-based National Association of Home Builders/Wells Fargo index of sentiment rose by 1 point to 29, the highest since May 2007.
Cheaper homes, low mortgage rates and enough of an increase in household income drove housing affordability to an all-time high in the first quarter, according to the National Association of Realtors.
Borrowing costs are near historic lows. The average 30- year, fixed mortgage rate reached a record low of 3.67 percent in the first week of June, according to Freddie Mac.
Another reason for optimism on the outlook for construction is that Americans are forming households faster than new homes are being built, said Douglas Yearley, chief executive officer of Toll Brothers, a luxury homebuilder based in Horsham, Pennsylvania.
Borrowing Costs
“There is huge pent-up demand that has built over the last four years from this imbalance,” Yearley said at a June 14 conference. “It’s been seven years since this all began to turn down and you have people that are just ready to move on with their lives, take advantage of great interest rates.”
At the same time, three years after the end of the last recession, hurdles remain for residential real estate. More distressed properties are going on the market, adding to inventory and pushing down prices.
Foreclosure starts grew in May on an annual basis for the first time since January 2010, after the largest U.S. loan servicers settled with states over faulty documentation, according to a report last week from RealtyTrac Inc., a real estate data provider in Irvine, California. Home seizures plunged 18 percent from a year earlier, the report also showed, a sign that banks are turning to repossession alternatives, RealtyTrac Inc. said today.
Weak job gains and stock market volatility also have consumers apprehensive about taking on debt.
The number of job openings in the U.S. fell by 325,000 to 3.42 million in April, the fewest since November, Labor Department figures showed today.
“Our forecast is still for growth but we’re being conservative about it,” said Doug Duncan, chief economist at Washington-based Fannie Mae. “This will definitely be a year where we’ll see growth in the housing market.”
To contact the reporter on this story: Lorraine Woellert in Washington at lwoellert@bloomberg.net
To contact the editor responsible for this story: Christopher Wellisz at cwellisz@bloomberg.net
The one thing I can say about the parties is that yes they really do matter. But also if they were able to actually function in the Country’s best interest it would make a lot of sense. Instead there are red herrings galore, fringe elements that seem to have more influence than they merit, and an overall sense of doom which I just don’t share. Maybe it’s the meds talking. I dunno.
Who says they wash their hands?
http://www.dailymail.co.uk/news/article-2161294/Wesley-Warren-Jr-Man-100-pound-scrotum-REJECTS-free-1m-corrective-surgery.html
Presented without comment ,except to say : He does have a big set .
Lib they have to get the blood off some how.
I personally don’t much care about unions, taxes, etc., but I want all of this to happen at the state level and less at the federal level. Thus, if Illinois or NJ want to be a workers paradise, each can. Won’t be much work but hey, its the principle that counts.
[59] condo
When the feds start bailing out states, the bailed out states will be blue and the red states will flip out. Any bailout will be stealth, and conducted in the way you describe. Otherwise, I would expect serious unrest in the heartland.
40 –
Patricia, would you please talk to my lazy stay at home wife? I don’t know what she does all day. Probably eating bon-bon’s and watching soap operas. She says raising a 3 year old and a 7 month old by herself is like hard or something.
“Wake up women – the Republicans are trying to take us all back to the 1950′s where a woman’s worth depended on their husband’s position in life; because they’re running scared; we outnumber males (the ones who are making the decisions for us by trying to shut us up and out), most often we’re more educated and much smarter than they are. We are currently reaping the rewards of the sacrifices of those who came before us – don’t let apathy or stupidity undo those sacrifices.”
#40, Read and learn.
http://j-walk.com/other/goodwife/index.htm
Really depends…..this area is good for my practice……believe it or not, a good number of people around here are “coachable” to use sports-speak….they understand the financial markets to a degree because they are friends, family and neighbors of people who work there. In other parts of the country (such as Kentucky) even the overwhelmingly majority of the rich are stupid to the marrow…..
I even saw it this weekend…..two parties in the same town for ostensibly the same reason….the house with the richer people had guests with provincial interests (for lack of a better way to describe it) and it was useless having a conversation…
Juice Box says:
June 19, 2012 at 9:20 am
re # 21 – Chi – you gonna rent for another few years and then Get the hell out of Dodge?
Brain maybe Patty can also talk to my stay at home wife who chose the first few years of her twins life over corporate hustle and bustle
Patricia here is the perfect site for you http://jezebel.com/
Warning unless you are liberal feminist hive mind do not read the comments section on any article.
My buddies have made a drinking game out of the site I refuse to join in for fear I may be brainwashed into a non thinking prole.
Someday my auto correct will Recognize Brian and not Brain
67 & 70
what you guys are writing has little to do with what she said
I’m sorry I can’t think straight because I’m running scared and Patricia and her friends outnumber me and she is more edumucated and much smarter than I are.
73.seif says:
June 19, 2012 at 12:07 pm
67 & 70
what you guys are writing has little to do with what she said
what do people with only two kids do all day?
Brian says:
June 19, 2012 at 11:46 am
40 –
Patricia, would you please talk to my lazy stay at home wife? I don’t know what she does all day. Probably eating bon-bon’s and watching soap operas. She says raising a 3 year old and a 7 month old by herself is like hard or something.
“Wake up women – the Republicans are trying to take us all back to the 1950′s where a woman’s worth depended on their husband’s position in life; because they’re running scared; we outnumber males (the ones who are making the decisions for us by trying to shut us up and out), most often we’re more educated and much smarter than they are. We are currently reaping the rewards of the sacrifices of those who came before us – don’t let apathy or stupidity undo those sacrifices.”
Seif – I won’t let my wife stay home. I bet Patricia will have an issue with that too.
With More Fed easing tomorrow (IMO it will be happening) Any thoughts on where mtg rates might go??
Back in the mid 70s I had a paper route, Long Island Press Route. Great Paper, was an Afternoon paper. Paper came out around 2pm every day. Ment for Dads when they got home for work. Great thing, all the late scores and even stock mkt news from that day. Anyhow, the average 40-65 year old customer had a 50s wife. Dads had a lot of jobs in places like Gruman, Sperry Fairchild Republic, LICO, LIRR, Teacher, Cop, Fireman jobs and got home around 3:30pm to 4pm. Many a man would be getting home for work when I came by, on a spring or summer day, nice recliner on the front porch, cold bud, slippers ready, trust dog at his side, tv on and I arrive just in time with the paper at around 4pm with all the west coast scores such as lakers vs. knicks, yankees vs Dodgers and I could smell on collection day the pot roast cooking in the kitchen, the tidy house with ironed sheets and curtains and the 2 or 4 kids quietly studying or doing chores cause the man of the house was home.
Flash forward today, why do men even want to be men?
xmonger says:
June 19, 2012 at 11:54 am
#40, Read and learn.
http://j-walk.com/other/goodwife/index.htm
75 – i took it that Patricia has more of an issue with some righteous legislator telling your wife what she can and cannot do. i don’t think she is looking for that authority herself…but i could be wrong;
JJ – I know of two NJ wives that are home alone right now if you wanna swing by and pick me up in midtown
I’m starting to think the stay at home mom business is a scam. I may just go home tonight and force my wife to get a job. What, does she think it’s the 1950’s or something? She will not get away with this.
Patricia, the world needs more women like you. You liberal feminists are so cute and sexy when you’re angry.
75.JJ says:
June 19, 2012 at 12:16 pm
what do people with only two kids do all day?
Brian says:
June 19, 2012 at 11:46 am
40 –
Patricia, would you please talk to my lazy stay at home wife? I don’t know what she does all day. Probably eating bon-bon’s and watching soap operas. She says raising a 3 year old and a 7 month old by herself is like hard or something.
Yeah I guess that’s true. She probably doesn’t have any irrational anger towards men. When she said she outnumbers males she was probably talking about golden retirevers or something.
79.seif says:
June 19, 2012 at 12:22 pm
75 – i took it that Patricia has more of an issue with some righteous legislator telling your wife what she can and cannot do. i don’t think she is looking for that authority herself…but i could be wrong;
80 – “She probably doesn’t have any irrational anger towards men.”
no more than the irrational anger you have towards her
Patricia should burn her bra. While wearing it. With me watching.
re # 79 – Brian – estimates are 2 million full time stay at home Dads in the US to perhaps as many as 7 million if you include part time. I know of three, One with two children walks into preschool every morning wearing shorts and flip flops must have made a killing before the Finance layoffs but still has some cheddar and a working wife. The other relocated to midwest after the blow up in Finance and they chose her career over his. She manages a fund and he was a so-so tech in NYC so they chose her salary over his. Actually a third stay at home Dad I know relocated to Asia and now has three kids and a live in nanny. That guy lives like a King, no kids to worry about nanny does it all including and the cooking and cleaning for less than you would pay for day care for just one here in the states.
Most women in NJ think Cooking, Cleaning and F#cking are three cities in China.
Pain 71 I do that all the time Brian is used to it by now.LOL
Just be careful with your spellchecker when you write ‘Stu.’ I can’t blame it for wanting to replace my name with ‘stud.’
seif Patricia should get over it & maybe you also. Tired line about the rethugs controlling her box. You want to have an abortion ( forgot “reproductive rights”) go ahead none of my business just do not expect tax payers who believe it is murder to pay for it.
69. East coast rich and flyover country rich are different, comparing lifestyles and balance sheets is like apples and oranges. But man alive what is your point? East coasters will pay you to manage their money while flyover types tell you to pound sand while they go bass fishing?
87 – that’s a tired and false talking point…besides, taxpayers pay for other types of murder all the time.
87
Correct
And also during that whole side show regarding access to birth control, it was never about “access” it was about who was going to pay for it.
The only ones trying to prevent access to birth control is those who support the requirement of prescriptions (which I do not).
Chifi has many instances of pure brilliance. His compliance dept however does not approve of my balls to the wall investing approach but given his nuts are in a banna sack he does pretty good.
JJ 84 Strangely that is my observation also. My wife works full time (our kids are all above 15) she scorns women who do not keep there home, etc. Guess if you are strong & smart you can do both and yes I do help out.
Essex I resent that remark as no self respecting educated man (albeit out numbered by women) would ever go bass fishing, fly over country or not. They instead are streamside entymologists who partake of the gentlemanly pursuit of flyfishing. For the trout is a superior fish of the utmost intelligence.
for the record I do neither rather I undertake a real man’s pursuit of flyfishing in the ocean for things that can actually harm me.
89 It is tired and false because you say so, bull. Common defense of country, prison executions, & a host of people found dead in “apparent” suicides or a small plane goes down with someone we know is on the outs, hmm. Wacking people abroad who are not on our side, Oh yes they do. (good idea by the way)
” taxpayers pay for other types of murder all the time” so that makes it a OK . Great argument, tired and false I would say. Two can play at that game. Now how does that equate with killing a fetus at tax payer expense.
#92 like hypodermic needles?
#90 in moderation?
seif just to set the record straight I am not a pro-life zealot, just do what you want at your own expense. To much gov. in everything from light bulbs, to toilets ( you have to be kidding me), Oh yea no donuts, FF or salt on the table in NY if Bloomy had his way. Nanny state is your position I gather , we will never agree.
93 – i am having trouble making coherent sense of that post so let’s just leave it at this:
you win!
96 – i am much more libertarian than nanny state.
Mike don’t bother in Seif’s world the government always acts in the interests of the people. At least until seif shows up on the enemies of the state list which for the record I’m sure probably includes the majority of the american population. If your not compliant your complicit and must be dealt with swiftly and harshly.
As an example…..I was shouted down over the phone at 11AM this morning by an alcoholic who told me that he saw an ethanol commerical from Shell last night and why was I wasting time with research when I should put the bulk of his inheritance in Royal Dutch Shell and ethanol producers in the midwest. He came into my office with a Dale Jr, baseball cap on last month. Grew up in Indiana and spent a good amount of time in Norfolk VA.
Essex says:
June 19, 2012 at 1:00 pm
69. East coast rich and flyover country rich are different, comparing lifestyles and balance sheets is like apples and oranges. But man alive what is your point? East coasters will pay you to manage their money while flyover types tell you to pound sand while they go bass fishing?
99 – nice one. i get that on posting boards people try to marginalize others with statements like that but i don’t really know any of you and you don’t know me. i am more of a live and let live type of guy…i have my values and i try not to force them on others.
If Congress does nothing, 82.9 percent of U.S. households would face tax increases averaging $3,701, according to the Tax Policy Center, a nonpartisan research group in Washington. More than 98 percent of households earning more than $50,000 a year would pay higher taxes.
http://www.lvrj.com/health/las-vegas-man-with-giant-scrotum-embraces-celebrity-159389165.html
I just come here to see what JJ has to say. Guy is brilliant.
JJ says:
June 19, 2012 at 12:44 pm
Most women in NJ think Cooking, Cleaning and F#cking are three cities in China.
Jamie Dimon vs Barney Frank
http://www.businessweek.com/videos/2012-06-19/barney-frank-mr-dot-dimon-please-dont-filibuster
SEif I’m not trying to marganilze you but everything you have piosted is contrary to being the live and let live sort. Nor have I ever seen anything posted by you that would classify you as a liberal leaning libertarian.
106 – what have i posted that was telling someone else how to live? or declaring that they should live a certain way based on my personal value system?
104. Usually yes, but that joke is older than his Dart.
seif
whenever you say that their personal property should be taken and given to others
109 – you are talking about taxes?
Only I can tell you how to live. Seif has no business pontificating as it is my job to do that.
Broadly, I’m referring to direct taxes that are used for transfer payments or subsidies.
Seif 97 I will concede that my writing is lousy, did not like that one at all needs to be restructured, but never the less it is easy to figure out what I am putting forward. It seems Pain was able to understand my train of thought. Lets just simplify ” besides, taxpayers pay for other types of murder all the time.” that statement does not make my position false nor tired.
PS ditto 106, you have got to be kidding us seif. You are entitled to your position but going liberal libertarian, never seen it one of your post. Yes we do not know you except from posting here are you saying that argue those positions and are really of a different leaning, why pray tell.
[77] JJ – Given that it was LI you probably meant Mets vs Dodgers (Yankees vs California Angels or Oakland A’s?). BTW, you might enjoy this book (I did):
http://www.amazon.com/Fifty-Years-Well-All-Chicks/dp/0307717372
…yankees vs Dodgers and I could smell on collection day the pot roast cooking in the kitchen, the tidy house with ironed sheets and curtains and the 2 or 4 kids quietly studying or doing chores cause the man of the house was home.
Flash forward today, why do men even want to be men?
28 y/o single guy earning 85k where should i live? manhattan/brooklyn/queens or jersey (hoboken/jc?)
Expat 114 read the forward, loved it.
3b from all reports on my end Midland is a go as your kids college age.
[116] The audio book is great too. Carolla goes off the page with a lot of content that’s not in the book.
I consider myself a moderate liberal conservative libertarian pragmatist
Mobes – According to the book of JJ you should be living at home with the parents making bank and renting weekend house in a fashionable seaside town during the summer picking up at least two to four model level broads a day in a convertable german made automobile. rinse in repeat in a ski town during the winter months change out convertable for high end SUV.
113 – i agree to an extent “that statement does not make my position false.” but who decides that it is okay to kill someone in another country (with our paid tax dollars) because it “is for our protection” but not okay for a person to have an abortion for what they believe is their own protection, no matter who pays for it?
118 – carolla was on stern last week. he grew up with a hippie mother who survived on welfare…when he suggested she get a job she said “are you a moron? then i won’t get my welfare checks!”
BBandT to Pay Off $3.1 Billion in Securities
posted by Evan Bedard on June 19, 2012 in Latest Bank News
(Source: By Richard Craver, Winston-Salem Journal, N.C.) – BBandT Corp. said Monday that it is paying off $3.1 billion in trust-preferred securities in what analysts are calling another sign of the bank’s financial strength.
Trust-preferred securities are sold by banks to investors and bondholders. They are similar to debentures and preferred securities that are generally longer term, have early redemption features, make quarterly fixed-interest payments and mature at face value.
BBandT said it will redeem the trust-preferred securities at $25 a sharethe same price at which they were soldby the end of July. It is paying cash.
120 – JJ sounds like a wise man.
24. Patricia
And need I remind the women of America that the Republicans and hateful Tea Party are trying to take away your reproductive rights!!! Wake up women
I don’t see Abortion as a Reproductive right, more like a Destructive right? I also don’t understand how they can justify making Prostitution illegal, doesn’t a woman have the right to trade favors for money, where does the government come off making you give favors for Free? Aren’t they interefering with your personal utilization of your own body?
Mobes. JJ does keep it real. Though his love of the vidalia, I just can’ relate to.
Net Worth Implosion: It’s Not Just Housing
‘Economy to implode at midnight: women and minorities hardest hit’
Asian, black and Hispanic households each lost a much greater share of median net worth, around 60%, than their white counterparts, at 30%.
As for median home equity values, Hispanic households experienced a 55% drop, while Asians saw a 43% decline and blacks a 35% decrease. Whites, on the other hand, lost just under a quarter.
chi (21)-
These public sector leeches won’t be able to use their pensions and bennies when they’re being shot en masse and bulldozered into open trenches.
Because nothing short of that will disconnect them from the public teat.
Board question, anyone have a good tip for buying rugs in NJ other than the big box?
Meat beter late than never,
Any decent malbec suggestions wife and kids are away and I think I want to enjoy a bottle on my own as I paint yet another f*cking room in our house.
Okay, who wants to feel like a dullard and terrible underachiever?
http://www.forbes.com/sites/bruceupbin/2012/06/18/wait-did-this-15-year-old-from-maryland-just-change-cancer-treatment/?utm_source=forbespicks%3Dpartner%3Dforbespicks%3Dforbespicks&google_editors_picks=true
snip
Andraka’s diagnostic breakthrough is a humble piece of filter paper, except that it is dipped in a solution of carbon nanotubes, which are hollow cylinders with walls the thickness of a single atom, coated with a specific antibody designed to bind with the virus or protein you’re looking for. Andraka’s key insight is that there are noticeable changes in the electrical conductivity of the nanotubes when the distances between them changes. When the antibodies on the surface of the nanotubes come in contact with a target protein, the proteins bind to the tubes and spread them apart a tiny bit. That shift in the spaces between tubes can be detected by an electrical meter. Andraka used a $50 meter from the Home Depot to do the trick but, he says, doctors can just as easily insert his test-strips into the kinds of devices used by millions of diabetics around the world.
Andraka’s paper sensor is extremely sensitive. In a single-blinded test of 100 patient samples, it spotted the presence of mesothelin, a protein commonly used as a biomarker for pancreatic cancer, at a limit of 0.156 nano grams per milliliter, well below the 10 ng/mL considered an overexpression of mesothelin consistent with pancreatic cancer. It’s also 100 times more selective than existing diagnostic tests, which means no false positives or false negatives. It ignored healthy patient samples as well as those with mere pancreatitis. Compared with the 60-year-old diagnostic technique called enzyme-linked immunosorbent assay (or ELISA), used in pregnancy test strips and viral checks for HIV, West Nile and hepatitis B, Andraka’s sensor is 168 times faster, 26,667 times less expensive, and 400 times more sensitive. It can spot the presence of the cancer-linked protein well before the cancer itself becomes invasive. This could save the lives of thousands of pancreatic cancer victims each year. The sensor costs $3 (ELISA can cost up to $800) and ten tests can be performed per strip, with each test taking five minutes. It can be used also to monitor resistance to antibiotics and follow the progression of treatment of cancer patients undergoing chemotherapy or radiation.
Andraka is in the process of patenting his invention and will soon be submitting his work for publication through the American Association for Cancer Research. He’s also speaking before Congress on June 25 about the need for more funding on pancreatic cancer, which has a horrific 5.5% survival rate. He says he’s been contacted by four companies, including Quest Diagnostics, about potentially licensing or commercializing the idea. “I got a really fierce patent lawyer right after I won ISEF,” says Andraka, laughing, from his home in Maryland.
Andraka, born in 1997, is a science prodigy who has been engaged in inquiry with the material world since he was three. When he was in grade school, his father, a civil engineer, bought him and his older brother a plastic model river with running water. The boys would throw all kinds of foam boats and objects down the river and see which ones would drown and how different objects would impede the flow. His parents, he says, never really answered any of the questions they had. Go figure it out for yourself, they would say. “I got really into the scientific method of developing a hypothesis and testing it and getting a result and going back to do it again.”
snip
Black and Hispanic households who lost 60% of net worth if converted to dollars is a loss of two dollars and ninety seven cents.
Anon E. Moose says:
June 19, 2012 at 3:47 pm
Net Worth Implosion: It’s Not Just Housing
‘Economy to implode at midnight: women and minorities hardest hit’
Asian, black and Hispanic households each lost a much greater share of median net worth, around 60%, than their white counterparts, at 30%.
As for median home equity values, Hispanic households experienced a 55% drop, while Asians saw a 43% decline and blacks a 35% decrease. Whites, on the other hand, lost just under a quarter.
pain (130)-
Skip the Malbec, and go straight to whiskey.
If you have to drink Malbec, go for something like Molina Hermanos (50% Tannat) or Uco Malbec-Tempranillo Blend. Malbec needs some other grape blended into it to make it interesting.
ok let me ask a serious questions.
someone on this site said they played a lot of hockey and got dental implants. I had a tooth damaged a million years ago when I was a kid and now that tooth is loose and I need an implant.
Do these things work? Do they feel like teeth afterwards? How painful is this process, if I could go back in time I would not have damaged that tooth but now it is finally given up. Any tips?
#17 Mike: Thanks for the update. As far as the schools, not a concern as you note, since mine are done, but it is something I would consider simply for resale whenever. The schools are good, of course being wedged in between Ridgewood and Wyckoff, it gets lost in the blue ribbony thing. But the SAT scores and all of that are good. Also a small number of kids in the town. Only 79 graduating seniors this year from HS. And there is a push to send the kids to Northern Highlands since they have so few kids.
I am told the town is thrifty, and they attribute that to it’s Dutch origins;works for me!!!
128.
Chip “I only play a Psycho” Hughes
Jersey Wine & Spirits
492 Jersey Ave
Jersey City, NJ 07302
(201) 763-5888
re # 131 – cool stuff he should be worth about 100 billion more than Facebook for this invention.
Meat thanks. considered it I have a bottle of Glenn Livet in the house but felt like wine is a better choice for painting due to the lower alcohol content.
JJ since you claimed to have played basketball your probably a puss so it is going to hurt like hell. Us hockey players are conditioned for pain. Seriously though it is no worse than getting punched in the jaw. Since you asked though, find the best cosmetic dentist who specializes in implants and it will be the only thing they find of your rotting carcass in 10,000 years. don’t go to a general dentist who does it on the side. You get what you pay for.
I am going to an expensive good guy who specializes in dental implants. I am sure it will be as fun as when I had my impacted wisdom teeth removed.
Mainly wondering how long to heal and do these things feel like real teeth and do they actually work.
June 19, 2012 at 4:28 pm
Meat thanks. considered it I have a bottle of Glenn Livet in the house but felt like wine is a better choice for painting due to the lower alcohol content.
JJ since you claimed to have played basketball your probably a puss so it is going to hurt like hell. Us hockey players are conditioned for pain. Seriously though it is no worse than getting punched in the jaw. Since you asked though, find the best cosmetic dentist who specializes in implants and it will be the only thing they find of your rotting carcass in 10,000 years. don’t go to a general dentist who does it on the side. You get what you pay for.
JJ – usually healing for months before they can do anything when the pull the original tooth. Then titanium screw implant needs to heal fully months again before they put a fake tooth on it, especially if you don’t want it coming out when you are in the middle of telling one of your tales or biting into a dinner roll. Man up and get it done, at your age dentures are next if you don’t take care of you teeth.
And yes would never know the difference from the fake tooth and a real one. You just have to be a little careful depending on placement. No more tearing panties off with your teeth if it is one of your incisors.
JB they do it in one shot with a crown on it and then a few months later a perm crown. tooth is loose, I can do it now or wait up to 1-2 years, but waiting I can get a big infection, loss bone, or it just falls out and teeth start moving. Better to take it out while it is just loose and not infected. Whole thing sucks cause all because I was screwing around as a kid. Funny part I knocked it out on a metal frame bed rail and next 40 years I spent the best time so of my life bouncing up and down on beds, rarely my own bed.
JJ I have 8 fake teeth it is no big deal. Wisdom tooth extraction is probably on par with what you are going to feel. I’m not kidding either if you take care of it it will last forever.
painhrtz is your favorite word iosseointegration?
Do you have 8 implants?
JJ – just remember to top off the pain killers with a sip of Scotch every few hours for a few days after. Gargling from an emergency flask is acceptable these days.
Yeah…..when the beer is not a twist off, use a bottle opener and not your teeth numbnuts….
JJ says:
June 19, 2012 at 4:19 pm
if I could go back in time I would not have damaged that tooth but now it is finally given up. Any tips?
The BAC/ML is trading up because the supply is so low now……I guess this gig was good while it lasted…..I lost a good bunch of stuff including Wells on 6/15
JJ says:
June 19, 2012 at 3:07 pm
BBandT to Pay Off $3.1 Billion in Securities
posted by Evan Bedard on June 19, 2012 in Latest Bank News
JuiceBox pain is afraid of me. I give pain, pain. Less worry about pain more worry damm thing dont work and I can only work as a roadie for Hee Haw.
Trouble only weak banks like BPOP have trups trading cheap. Although Bear, MBNA, Countrywide, NB, Fleet have stuff around as people are afraid they still have option to reneg or something.
chicagofinance says:
June 19, 2012 at 5:12 pm
The BAC/ML is trading up because the supply is so low now……I guess this gig was good while it lasted…..I lost a good bunch of stuff including Wells on 6/15
JJ says:
June 19, 2012 at 3:07 pm
BBandT to Pay Off $3.1 Billion in Securities
posted by Evan Bedard on June 19, 2012 in Latest Bank News
Chifi interesting IPO tons of firms use service now as a IT issue tracking tool and heat map type thing. After FB debacle wonder if they had to reprice
Name of issuer ServiceNow, Inc.
Industry High Technology – IT Consulting & Services
Security type Common Stock
Expected size of offering 11,650,000 shares
Expected price range $15.00 to $17.00 per share
Offering type Initial Public Offering
Distribution by The Issuer and Selling Shareholders
Expected pricing date 06/28/2012
Indication of Interest Period 06/19/2012 to 06/27/2012 by (4pm EST)
I’m the one with the Canadian teeth. They didn’t really hurt at all to get done. They feel completely like real teeth until you get something caught in between them. It’s really no biggie. Plus you get to look like Jaws between the time they put in the metal and the time they fasten the fake tooth to it.
Everything else is second choice when you have a bottle of Glenlivet in the house.
A couple fingers’ worth should enliven your painting experience.
I just book marked your blog njrereport.com on Digg and Stumble Upon. I enjoy reading your commentaries.
[138] pain,
Punch in the jaw? I’ve taken a few of those and they don’t hurt nearly as much as dental surgery.
[131] shore,
Wonder if he put in his applications for
Oops. Add “For citizenship in Singapore.”
I had three teeth knocked out on a faceoff, and a hole made in my tongue. After collecting the remains of my teeth, I stayed in the game and scored a hat trick. Though, I never played another game without the full shield.
When I went to the hospital to deal with the punctured tongue, the emergency room staff said it was a job for a dentist. Not for the hospital. So when I went to the oral surgeon where he told me I would need three root canals first to keep the roots from dying. Then, I would need three posts put in and finally the teeth shaped and glued in. He said it would take from six to nine visits. I told him he was smoking crack. I asked him if he could do it in three, no matter how long the appointments were. But he couldn’t start for a few weeks until all of the swelling went completely down. Well the only time I felt any pain was when I got the shot in the roof of my mouth. That really hurt, but numbed the sh1t out of my face. I could barely control my drool. Well the three root canals were a piece of cake and the dentist was surprised that the roots weren’t showing any signs of dying, not that it mattered once the roots were hollowed out. My face looked like a baboon after the three simultaneous root canals, but it really didn’t hurt at all. I was surprised since everyone always said root canals were painful. Still, would rather have a swollen face once than on three different visits.
The next procedure were the posts and the shots were in my lip, so I didn’t even feel them. It was cool walking around with a mouth of metal. I look frickin’ scary.
The third part is when they make teeth out of a hard wax which they send to Canada to turn into the fake teeth. It was good that I saved my knocked out teeth as it allowed the surgeon to shape my future teeth mold a lot easier. When the teeth came back from the great white north, all they do is slide the posts into the metal and you are good to go. Like I said earlier, you can’t feel the difference between the real and the fake teeth. When something gets caught in between them, it feels strange since it puts pressure on the posts. Otherwise, it’s all good.
I asked the surgeon why he made the fake teeth in Canada? He said that they had a lot more practice. That’s the honest truth.
Sorry for the terrible grammar. Doing too many things at once.
157. That was nuts. Damn.
Lib- #157-
What you describe doesn’t sound like dental implants. Getting posts in existing roots after a root canal is different. It seems the same, but it’s not – it’s easier, cheaper, faster, and probably better since you still have an existing root. I think the implants are the last resort, and superior to a bridge.
JJ #134 –
Implants take a long time, and are much more expensive. In my case, I had existing root canals that got infected after many years. First they pull the teeth, and wait for the bone to grow back. That took several months. Then they drill into your new bone and put in the implants, and wait for that to heal – another few months. Last, they slit open the gum and screw the new teeth on to the implant. Mine took over a year, but it was because I scheduled the appt.’s around work. Could’ve taken about 9 months I think. Regarding pain, not too much. The teeth removal was sort of like healing from impacted wisdom teeth. The putting in the implants was better, and screwing the fake teeth on was easy. It’s really just a lot of waiting for your mouth to heal – Regarding cost – a ton of money from start to finish. Regarding what they feel like now – they feel fine – a little bit like what I would think wooden teeth would feel like if I think about them.
#82 – Lib-
Post of the day!
Well it was over ten years ago, so I could be wrong about the terminology. All I know is that I have three fake teeth that are indiscernible from the real ones. Another funny thing. I’ve never had a cavity in my life. The only metal in my mouth is from hockey. Brutal sport this game. I’m off to a clinic in Mennen to improve my game (if that’s possible at 42).
How life has changed. I just finished a kickass yoga session. Sold my mountain bike to buy a giant amp. And a surfboard for the fact that it never got ridden. 45 for me is about taking it easier and staying intact….and somewhat supple.
“(if that’s possible at 42).”
At 42, you are just a wee lad.
Mike #87: You do not get to pick and choose what your tax dollars support. I oppose wars that have no clear objective and in which we indiscriminately kill families and children, but I do not get to choose to not have my tax dollars go to such wars. So why should you get to pick and choose according to your “morality” when I can’t choose according to mine?
This is why the gubmint has to be starved of all revenues until it withers and dies. Anything in which the gubmint becomes involved turns into a morass of waste and corruption. All forms of gubmint are inherently evil and rapacious.
Anarchy now!!!!!!!!
Gubmint = organized crime
#163 Essex
Just had a friend over to sort out a few last ends of his life over here. As a bass player I had to take him down to trade in some equipment he had in storage. After sorting out all the trade in costs he rolled it up and dropped a serious wad on a Dingwall.
http://www.dingwallguitars.com/basses/super-j-series/super-j-custom-exotic/
Weirdest thing I hav ever played.
#87 Mikeinwaiting
You miss a serious distinction here. The war from the right is not about you funding their choice with tax payer dollars. It is a straight regulation issue. The VA debacle framed the argument. Regardless who was going to pay for the procedure, the patient would get the probe and have to look at the screen.
This is why I have a big issue with the like of Ron Paul. They say they are all for minimal government intervention up till the point were pro-life and the like kick in, At that point the Libertarian beliefs get tossed over the side.
Clot,
Looking at the new schedule. I’ll take a boring 0-0 with your opener with Spurs.
Which bench will Pardew be sitting on ?
Rubio is a non starter. Outside of his own issues with the fairytale of his parents fleeing Castro, there is no way the right tolerates two Mormons on the ticket, even Rubio was just pretend. It took a lot for the Dems to elect a Catholic. I can’t see the GOP ever embraces him or another minority for a serious run, even in 2020.
168/ Holy Shit. That is cool. Sometimes I toy with the idea of consolidating. There are some boutique makers like this guy who make some great stuff.
http://www.synergyguitars.com/nik-huber-guitars/nik-huber-dolphin-guitars-gallery.htm
That bass is beyond beautiful.
JJ’s got a hot tooth. Life imitates art.
http://i.dailymail.co.uk/i/pix/2012/06/11/article-2157479-138D1120000005DC-621_634x523.jpg
Jill 165
I oppose war with no clear objective and the killing of non-combatants also, unfortunately it does occur. It is war, I am hopeful that you are not so naive to expect to go to war with out this happening. I know some officers and enlisted men in a few branches of the service believe me these guys do not want to go around killing innocents either. Now with that out of the way war is one of the things the Federal Government IS explicitly empowered to do in the Constitution. Taking tax dollars to kill unborn children IS NOT. You can not pick and choose if it is in the Constitution, other things are open for debate.
Fab 171
Yes I am aware of that VA move by the rethugs, playing hard ball they are.
I am divided on that issue on the one hand who the hell gives the Gov. the power to make you go look at anything. On the other a guy on death row who killed a bunch of people gets more appeals than I care to mention , but an innocent child (come on Jill)
not even a shot that maybe upon seeing the women might have a change of heart. Tough one for sure.
I agree either you are or you aren’t a Libertarian, Paul should know better. I’d still take him over the lot of them.
Mike #174: The question is at what point the government is going to decide that a woman has no rights, no self-autonomy…but simply becomes a mindless reproductive vessel. All other questions have to do with theology and have no place in government.
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