From the Star Ledger:
N.J. unemployment rate falls in June as private sector adds 9,600 jobs
New Jersey’s unemployment rate ticked down in June to 6.6 percent, adding nearly 10,000 more private sector jobs, according to preliminary data from the state Department of Labor and Workforce Development. The May unemployment rate was 6.8 percent.
Public sector employment continued to fall however, with 1,400 newly unemployed, led by a drop of 2,200 at the state government level.
The monthly job gains were made in the private sector, which added 9,600 jobs last month.
Leading the way was education and health services with 3,500 new hires, followed by finance with 2,600, leisure and hospitality with 1,700; and trade, transportation and utilities with 1,500 new jobs.
The lone sour note was in construction, which suffered a sharp decline with 2,600 newly unemployed in June, Labor statistics showed.
The latest jobless figure remains above the national unemployment rate, which stands at 6.1 percent, but well below New Jersey’s jobless rate in June 2013, when it was 8.4 percent.
…
In a statement that followed the jobs report, Gordon MacInnes, president of the left-leaning think tank New Jersey Policy Perspective, called June’s employment numbers, “welcomed good news for a change.”But, he added, “one month of positive data does not a strong recovery make. The Garden State has now recovered just 45 percent of the jobs it lost in the recession, far fewer than the nation as a whole — which has recovered 105 percent — and our neighbors in New York (183 percent) and Pennsylvania (93 percent).”
In the past year, MacInnes said, New Jersey has added just 7,200 jobs, while 52,100 residents have left the labor force. “This is not an indication of a strong economy,” he said.
Good Morning New Jersey
Be patient….it kicks in at 1:15
chicagofinance says:
July 18, 2014 at 12:29 am
Finally Weird Al does a NJ RE Report parody…..
https://www.youtube.com/watch?v=w-0TEJMJOhk
“The real reason that we should be concerned about private equity’s expanding power lies in the way these firms have become increasingly adept at using financial gimmicks to line their pockets, deriving enormous wealth not from management or investing skills but, rather, from the way the U.S. tax system works.
Indeed, for an industry that’s often held up as an exemplar of free-market capitalism, private equity is surprisingly dependent on government subsidies for its profits. Financial engineering has always been central to leveraged buyouts. In a typical deal, a private-equity firm buys a company, using some of its own money and some borrowed money. It then tries to improve the performance of the acquired company, with an eye toward cashing out by selling it or taking it public.
The key to this strategy is debt: the model encourages firms to borrow as much as possible, since, just as with a mortgage, the less money you put down, the bigger your potential return on investment. The rewards can be extraordinary: when Romney was at Bain, it supposedly earned eighty-eight per cent a year for its investors. But piles of debt also increase the risk that companies will go bust.”
@BloombergNews:
Jeb Bush’s private-equity firm was established in May 2013, but his role as chairman wasn’t public until last month: http://t.co/PGlgnguxlz
parody..?
Anom is correct. Private Equity aka Leveraged Buy-Out used the tactics and strategy of the old mob but with lawyers.
Their motto is ” Any racket, any scheme, any rigging, as long as our legal sharks sign up on it”
Nothing is clear about it that what is hapenning with Argentina and that PE Fund. The PE Fund is not making its real money with the bonds. They are making the money on buying Credit Default Swaps on the cheap when no one thought Argentina would default, then spend time, money, and resources on tripping up Argentina into defaulting to make sure those CDS pay off big time. If Argentina pays up, then they make some money on the bonds.
With the PE Funds intentions clear. If Argentina was smart, they would buy CDS that they would not default. Find out the rules for CDS defaulting. Make sure they do not default based on the PE Fund CDS, and make money on their non-default CDS. Then buy CDS that they will default and then default. Finally to make a point that you don’t do this to a Government, make sure their military hit team with complete diplomatic immunity if caught caps a few of these PE big wigs.
anon…..you have it completely backward…..private equity is your friend….it takes these fatcat corporate types and puts them through the ringer….they have to justify the nonsense or get kicked out…..and if you want to complain about leveraging cheap and easily available borrowed money, the last time I checked, that would be the domain of the Fed, and Yellen was appointed by O-Man.
The other thing with the “reverse merger” issue is nothing new. We’ve been complaining on these threads for years. This conduit was always there, but now it risen to the level of having the stigma removed, so Congress can sit in their own cesspool. O-man can get a dose of reality about how taxation really works…….
Allah must really hate Malaysians.
Allah only hates their airline. Allah approves only of Emirates. I personally approve of their gate agents in those cute uniforms with the red berets.
The only people who hold it up as an exemplar of capitalism are idiots like you
anon (the good one) says:
July 18, 2014 at 8:35 am
Indeed, for an industry that’s often held up as an exemplar of free-market capitalism, private equity
Joyce,
If Al Gore ran an IB, Anon would surely invest in it.
local govt.
(Reuters) – A Southern California couple who scaled back watering their lawn amid the state’s drought received a warning from the suburb where they live that they might be fined for creating an eyesore – despite emergency statewide orders to conserve.
Michael Korte and Laura Whitney, who live near Los Angeles in Glendora, said on Thursday they received a letter from the city warning they had 60 days to green up their partially brown lawn or pay a fine ranging from $100 to $500.
“I don’t think it’s right for us to start pouring water into our lawn in the middle of July during a drought,” said Whitney. “We’re kind of in a quandary about what to do.”
The letter, bearing the official symbols of Glendora and its police department, came the same week that statewide water regulators passed emergency drought restrictions for outdoor water use. Those regulations, to take effect this August, require cities to demand cutbacks in water use, and empower them to fine residents up to $500 for overwatering their lawns.
#13 – Either way, you’re going to pay.
There is nothing more dangerous than a cornered animal.
I expect this will escalate, and if the EU says or does anything they will be left to freeze this winter.
http://www.nytimes.com/2014/07/18/business/russian-reliance-on-chinese-loans-may-blunt-impact-of-sanctions.html?_r=0
What about all of Europe’s fairytale windmills and solar? They’ve been subsidizing the hell out of that stuff while making life difficult for coal. No doubt Russia has been funding the anti-nuclear, anti-coal, pro-windmill groups, just as they funded the peace activists during the cold war. Look whose lap they’ve ended up bouncing on.
Al Gore runs a hedge fund. I doubt Anon is a qualified investor however. Biden’s kid runs one too as well as Clinton kid did too for a while. Obama will gladly take speaking fees from the finance companies just like the Clintons do once he is out of office.
Joyce,
If that was my lawn, I would lay down some sod in such a way that it would spell out some choice words to the local government and would water the rest of the brown grass in the interim. Maybe three months later, it would fade.
He is right. Why can’t they understand this? Can’t keep blaming the white man.
“They’re standing on the corner and they can’t speak English. I can’t even talk the way these people talk: Why you ain’t, Where you is, What he drive, Where he stay, Where he work, Who you be… And I blamed the kid until I heard the mother talk. And then I heard the father talk.
Everybody knows it’s important to speak English except these knuckleheads. You can’t be a doctor with that kind of crap coming out of your mouth. In fact you will never get any kind of job making a decent living. ”
Read more at http://www.snopes.com/politics/soapbox/cosby.asp#50PYDv9UkXuLXklj.99
Is today opposite day?
Ahhh Presidential Ambition….
43 minutes ago
Christie: N.J. may consider housing kids from southern border influx
http://politicalticker.blogs.cnn.com/2014/07/17/christie-n-j-may-consider-housing-kids-from-southern-border-influx/?hpt=hp_t2
So now Michael is spewing prejudiced and racist bile?
Can’t stand Governor Cartman, but if he did that I would think a lot better of him. Something for children, and not for angry bitter miserable locust boomers
For those of jewish ancestry :
http://en.wikipedia.org/wiki/MS_St._Louis
For those Irish:
http://en.wikipedia.org/wiki/Great_Famine_%28Ireland%29
So don’t think any of you here are that high brow.
re # 23 – We should be exporting our exceptionalism, instead of trying to deal with it at the border. It would not take US Forces too long to take over Guatemala next week and Honduras the week after. After all they are literally asking for it now.
“Honduran officials on Wednesday called for U.S. aid to Central America to reduce violence that has fueled a surge of child migration to the United States, with the foreign minister calling for a “mini-Marshall plan” to attack the broader underlying problems. ”
http://www.chicagotribune.com/news/sns-rt-us-usa-immigration-honduras-20140714,0,1224633.story
re # 23 – “any of you here are that high brow.”
Except I have heritage from the MacMurrough Kavanagh royal blood line from the Kingdom of Leinster.
Too bad I was not born in the Middle Ages, I could have been a great prince.
Footage emerges of BUK missile launcher being smuggled back to Russia and missing TWO rockets
Read more: http://www.dailymail.co.uk/news/article-2696847/They-shouldnt-f-g-flying-There-war-going-Ukraine-intelligence-officials-release-phone-calls-claim-PROVES-Russia-shot-Flight-MH17.html#ixzz37qH2Depl
Michael to prove the opposite I worked with an Associate Director of a Major Pharm company in compliance who spoke like that. Highly educated nurse from Chicago we were embarrassed we she spoke for our group within the greater organization.
[6] anom
Okay, I have no idea what that is about aside from the conspiracy theory, which is the first I am hearing of it.
Is it my imagination that this view is fcuked up, or have I been learning economics in an alternate universe?
[20]
“Libturd in the City says:
July 18, 2014 at 12:43 pm
Is today opposite day?”
https://www.youtube.com/watch?v=4Uf—nwu54
It isn’t just big names headed for the exits.
http://www.bloomberg.com/news/2014-07-08/salix-to-merge-with-cosmo-in-latest-tax-inversion-deal.html
Last passengers off the Titanic don’t get a lifeboat. Don’t be the last passenger.
And when Congress raises the foreign ownership threshold on inversions to 50%, look for more of these deals
http://www.bloomberg.com/news/2014-07-16/gtech-agrees-to-buy-slot-machine-maker-igt-for-4-7-billion.html
For those who remember, Gtech used to be a Rhode Island based company that was purchase by an Italian company in 2006, but never really “moved.” But, being foreign, it can facilitate acquisitions that have the same effect as inversions but result in different ownership. So just as the foreign targets are enjoying high stock prices now, once Congress acts, domestic companies with significant offshore cash holdings will become targets, just as companies with overfunded pensions were targets 25 years ago.
Result will be the same. “Inc.” will be largely replaced by “S.Pa”, “A.G.”, “Ltd.”, etc.
Finally, this article points out some viable options for the future of tax avoidance in the inversion regime.
http://www.taxanalysts.com/www/features.nsf/Features/F817995A255AFD2485257CF900427B06?OpenDocument
The most troubling would be outright expatriation where the corporation just doesn’t reincorporate overseas, it picks up and moves.
Juice Box, all of this is a direct result of our exceptionalism. In intelligence is called “blowback”.
-We put up in place nasty dictators to keep communism away in the 50’s +.
-This dictators used death squads who killed and scare away a lot of people in the 70’s & 80’s.
-They came legal and illegally with or without kids to this country to escape death squads.
-They lived in crappy ghetto neighborhoods. Those kids became hoodlums and gangbangers, which got deported.
-Those deported kids had some real streefighting nompound eligible skills, which kicked those old death squads operating ex-dictatorships, now corrupt plutocracies with democracy in name in the hind.
-Countries in violent, ayn randian state.
What else do you want with exceptionalism?
[33] not juice,
Those assertions are interesting. Can you share some sources? I’d like to learn more.
[32] redux
Another “side effect” of an inversion crackdown was recognized by the OTP in its 2002 report, and its something I have been expecting/advising on: Outright foreign incorporation by a parent company with all of the substantive work done in a US subsidiary.
http://faculty.law.wayne.edu/tad/Documents/Country/Treasury%20inversion%20report%205%2017%2002.pdf
Untouchable when it comes to foreign earnings, and a good vehicle for US earning stripping.
ATEOTD, the US is going to go to a territorial system, if only by default.
I didn’t state that. Cosby did. I’m just agreeing with him. He makes some good points.
When are these individuals going to take responsibility for their actions instead of blaming white males for their problem. When?
You are getting a free education, take advantage. Don’t look at school as some sort of prison in which the govt forces you to go to, but instead as an opportunity. How many kids in Abbott districts only go to school till the age of 16 because the law says so. As soon as they turn 16, they drop out, acting like they finally got out of jail. Then the teacher takes a hit on data because the kid dropped out. Like it is the teachers or schools fault the kid has this outlook on education. Really pisses me off.
If you want to have a baby, you have to be a parent. What’s so hard to understand about this? You think everyone loves all the work that comes with parenting, no, but they do it because it’s their responsibility to their children’s future. These idiots knock up 5 different women and act like it’s something to be proud of. So lost! Cosby, you are right, it’s time people took some ownership for their actions.
Rant off.
Toxic Crayons says:
July 18, 2014 at 1:08 pm
So now Michael is spewing prejudiced and racist bile?
Is this the same dumbass that thinks Somalia is an “ayn randian” state?
And every other country that’s screwed up in the world has the US or “colonialism” to blame for their misery. Because the Aztecs or whatever various tribes were just peacefully living in harmony with the earth and ripping the beating hearts out of their slaves before the rest of the world came to mess up their utopian communal lifestyles.
chi (7)-
FedCo is the world’s largest hedge fund and behaves in a manner that would make Icahn and Cohen blush. IMO, I cannot see any difference between FedCo and a Mafi@ family on ster0ids.
Financial engineering is racketeering. Both should be illegal.
“anon…..you have it completely backward…..private equity is your friend….it takes these fatcat corporate types and puts them through the ringer….they have to justify the nonsense or get kicked out…..and if you want to complain about leveraging cheap and easily available borrowed money, the last time I checked, that would be the domain of the Fed, and Yellen was appointed by O-Man.”
stu (10)-
Ugh. Muslim chicks are not hot.
re # 33 – You left out the part where their population grew fourteen fold and they could not sustain their own population. There are over a million Guatemalan immigrants in the USA today. We might as well go full circle and shut down their Narco-State and impose the rule of law.
juice (21)-
Send them to anon’s house. He’ll bake cookies for them.
“Christie: N.J. may consider housing kids from southern border influx.”
Hope you’re current on your diptheria shots, anon.
[31] redux,
Chifi, Ragnar, etc. . . .
Any of your firms have a screen for potential US acquisition targets that have significant foreign business, large offshore cash holdings, and healthy foreign competitors? Obviously, these can’t be in CFIUS-subject industries.
[35] redux
N.B.: I am aware of the CFC regime, so the idea that startups would avoid the US and incorporate abroad is necessarily limited to those that can avoid CFC status.
Who says the gate agents in JFK are muslim?
If we shut down narco-states, where will we get our drugs?
[37, 40] Rags, Juice,
You won’t hear back from Not Juice, not with facts anyway. I asked for a source. I’m not actually expecting to get one (but would really be jazzed if I did).
Unusual break for me in what has been a hellish week. Back to the salt mines.
stu, I haven’t been to JFK since before 9/11.
If my choice is flying anywhere from JFK, I’ll stay home.
Actually the new Delta Terminal Terminal at JFK is amazing. The Jet Blue Terminal also is great.
I have flown out of JFK at least 50 times since 9-11.
JFK Delta they check you in for free curbside right from can and take your bags from cab onto an outdoor belt and no tipping is allowed and no stupid kiosk.
I actually was on a business trip out of JFK when 9-11 happened and flying in to JFK on return trip a few days after 9/11 was creepy. Airlines were only honoring return flights only no new flights. And guys with machine guns everywhere. I got searched but they quickly realized it was just my massive schlong and let me go.
Nom just look up 80’s Central America Immigration / Honduras -Guatemala death Civil War, for a touch extra look up Colombian Medellin cartel/Paramilitary wars. Followed by crack cocaine and gang bangers.
Ragnar. Somalia is anarchy. Colombia during the drug cartel/paramilitary (funded by the 0.01% ruling families), El Salvador and Honduras rebels/ death squads (funded by 0.01% families and big American Agribusinesses and your tax dollars are the definition of a Ayn Rand’s undies smelling society.
Nom.
What is this, a dissertation committee?. Am I writing a paper to the New England Journal of Medicine?
We are just a bunch of nerds marking time till quitting time.!
You want sources -> Google it baby.
Monroe Doctrine – let move in again and clean up the mess.
I guess Central America is too close to us for tactical nukes to be an option?
New Monroe Doctrine: turn into parking lot
Comrade,
I do find it amusing when you demand more information or [more] sources since most of your posts are stated as conclusions and if you’re questioned… you give us nothing more than a reminder of how smart you are and how much of a waste of time it would be to explain yourself.
Better call Jennifer Lopez and Ice Cube
Giant Anaconda in Lake Hopatcong
http://www.nj.com/morris/index.ssf/2014/07/officials_not_taking_giant_lake_hopatcong_snake_seriously_resident_says.html#incart_river
Noonan:
“I’m just plain Mr. Truman now, a private citizen.” So said an overwhelmed Harry S. Truman to a boisterous, affectionate crowd that surprised him as he ventured to a private home in Washington for a farewell lunch soon after his successor, Dwight Eisenhower, was sworn in as president of the United States. It was Jan. 20, 1953.
Later, a regular Baltimore & Ohio train with a special car attached would take Truman and his wife, Bess, from Union Station westward, to their home in Independence, Mo. Thousands saw them off at the station. “So long, Harry!” they cried, as if they knew him. “At 6:30, with the crowd singing ‘Auld Lang Syne,’ the train began pulling slowly out of the station, until it was beyond the lighted platform. It had been a long road from Independence to the White House, and now Truman was going home.” (This is from David McCullough’s magisterial 1992 biography, “Truman.”)
And he really did go home. He had, for almost eight years since the death of Franklin D. Roosevelt, been the most powerful man on earth, the wager and completer of wars and saver of Europe. In his diary Truman wrote of Cincinnatus, the Roman farmer who led in his country’s hour of need and then, work done, returned to his plow. It is what George Washington did. Heck, it’s what Calvin Coolidge, like Truman from modest means, did.
Truman would go back to being “just anybody again.” But there was something people didn’t know. He was—amazingly, this wasn’t a lie—pretty much dead broke.
Mr. McCullough: “He had traveled home from Washington unprotected by Secret Service agents and there were to be none watching over him. He had come home without salary or pension. He had no income or support of any kind from the federal government other than his Army pension of $112.56 a month.” He had saved a little from his salary but put it in government bonds. In his final weeks as president he took out a loan from a Washington bank to tide him over.
He didn’t know how he would make a living. His great concern was not to do anything that might exploit or “commercialize” the office he’d just left. He was offered small fortunes to associate himself with real estate companies and other corporations but he turned them down. Mr. McCullough: “His name was not for sale. He would take no fees for commercial endorsements or for lobbying or writing letters or making phone calls. He would accept no ‘consulting fees.'” Offered a new Toyota 7203.TO -0.71% as a demonstration of harmonious relations between the U.S. and Japan, he refused: It might look like a product endorsement. Anyway, he believed in American cars.
His transition was hard. He had become used to the pressures of the office and felt lost without them. He missed the people he worked with, especially Dean Acheson, his secretary of state and closest friend. And he missed “those bright lights.”
But he worked it out. He rented office space in Kansas City, where on the day he arrived thousands of letters were already waiting for him. (The letters never abated, which I know because a dozen years later, as a teenager, I would write one, expressing my admiration and requesting his autograph. “Harry Truman, State of Missouri,” I wrote on the envelope. That was all that was needed. He promptly and sweetly wrote back.)
The former president had to relearn things—how and whom to tip in restaurants, how to call a cab—that presidents don’t have to do. For this unassuming man there were humbling moments. One day he walked by a road project and asked the man in charge if he didn’t need a good straw boss. The man looked at him, looked at the workers, looked back at Truman and smiled: “You are out of a job, aren’t you?”
Enlarge Image
cat
Portrait of American president Harry Truman (1884 – 1972) painted by American painter Greta Kempton, 1948. Getty Images
Truman took part in the planning of his presidential library, trekking to possible sites, drawing what he thought it should look like—his grandfather’s house. The federal government contributed nothing, Truman did the fundraising himself.
He agreed to write his memoirs and signed a big contract—$600,000. But it was to be paid over five years, and the first payment came on delivery of a manuscript, so he had to hustle. It was a struggle. “I’m not a writer,” he wailed, not as a complaint but an assertion of his predicament. He got help and didn’t hide it. On notes toward a first draft he scrawled, “Good God, what crap!”
He and Bess took a break to visit friends back in Washington; Truman drove all the way. That was challenging because cops stopped him to warn about speeding but really to get autographs, and patrons of diners surrounded him to watch him eat.
When the book came out it sold fine and earned respectful reviews. But friends thought Harry’s pungent, blunt manner of expression had been squashed down and evened out by collaborators, or perhaps by self-consciousness. A bigger disappointment was money. With the cost of staff, researchers and office rent, his net profit, he figured, was only $37,000 over five years. He was shocked he had to pay 67% federal and state income taxes. Truman had supported high tax rates for broad government services pretty much all his political life. There was a sense in his letters this was the first time he personally felt the cost of the policies he’d professed. He called the taxes “crushing.” He pushed for a bill in Washington for office money for former presidents, and—rightly, fairly—got it.
Truman wasn’t financially secure until five years after he left the White House, when he sold family farmland whose fields he had worked as a boy. It made him sad: He liked thinking of himself as a farmer. But if he hadn’t sold, he said, “I would practically be on relief.”
He died the day after Christmas 1972, age 88, and his death was not only marked but mourned. A friend had described to the New York Times NYT +1.92% magazine how he had achieved happiness: “Harry feels that he’s square with the world, that he gave it his best, and got its best in return.”
God bless him, he did.
***
Why are we talking about Harry Truman? You know.
We live in a time when politicians relentlessly enrich themselves. We are awed and horrified by the wealth they accumulate, by their use of connections, of money lines built on past and future power. It’s an operation to them. They are worth hundreds of millions. They have houses so fancy the houses have names. They make speeches to banks and universities for a quarter-million dollars and call their fees contributions to their foundations. They are their foundations.
They grab and grub. They never leave. They never go home. They don’t have a “home”: They were born in a place, found a launching pad, and shot themselves into glamour and wealth. They are operators—entitled, assuming. They “stand for the people.” They stand for themselves.
So I just wanted to note how it used to be, when leaders thought they had to be respectable. When they were respectable.
“Harry Truman, not a money-grubbing slob.” Who, years ago, imagined that would come to be remarkable?
Come on!! The answer is obvious.
Was Truman a baby boomer??
That is the answer
Well my property taxes are now at 17,200. I’m getting way too close to the 20,000 mark.
Ain’t making no more Trumans. Wait until you see the shit Bojangles does for an appearance fee after he leaves office. He’d be in an Ice Cube movie if you paid him enough. The only honor that accrues to any retired racketeer of a politician comes from the quantity of zeroes on the checks paid by their clothed johns, who bask in their reflected glory like the on0nistic perv<rts they truly are.
We are all well and truly fuct.
And, I bet Peggy Noonan would do a M!LF p0rn if you waved enough cabbage in her face.
Peggy would even do it with ChiFi on film for the right price. :)
[50, 51] not juice
Hey, you were obviously summarizing from a source so why reinvent the wheel?
Besides a search string will turn up tons of stuff, much of it irrelevant or garbage. That’s a lot of work to satisfy my curiosity. I was hoping you could have saved me from much of it.
[55] joyce,
My erudition should be sufficient. Lord knows I paid enough for it. But I can provide citation if asked. Unless it is my own theory, of course. Its just that no one really asks.
Also, I am kinda busy/lazy/etc. and can’t be bothered doing research to respond to michael/cobbler/joyce, etc (I don’t reply to anon for the aforesaid reasons). If I conclude, its because I know.
That said, yes, I asked not juice for sources so I could read them myself. He’s in the same boat as me so if I am that curious, I should do my own research. So should you.
[50] not juice
Actually a damned easy search. Didn’t have to parse too much. This was particularly informative.
http://gangresearch.net/Archives/hagedorn/mara.pdf
Erudition! I loved that movie!
Same gruesome planet today.
Yes, but how many people can actually get a job talking like an uneducated thug. It doesn’t mean this people are stupid that talk like, it just means 99% of the time that they lack an education. Most likely, because they never had a family structure.
If you had prior guidance and an education, you would know how to properly speak to someone in order for them to take you seriously on a professional level. Yelling out nig$a this and nig$a that while cursing up a storm will def get professionals to not take you serious.
We have a free education system in this country. There is absolutely no reason to be speaking like this. Blaming the white man for acting like this is crazy. It’s in their culture. They think it’s cooler to be a thug, than to get an education. They make fun of their friends that try to speak like a normal human being….they accuse them of being white. They are lost!!!!
Honestly, you can call me racist, or whatever you want. I’m just calling it how I see it. I know I’m not racist. I have friends from all over the spectrum. They don’t act like an uneducated fool, which is why I’m friends with them. Sorry, I have no love for thugs and their gang culture.
painhrtz – whatever says:
July 18, 2014 at 1:52 pm
Michael to prove the opposite I worked with an Associate Director of a Major Pharm company in compliance who spoke like that. Highly educated nurse from Chicago we were embarrassed we she spoke for our group within the greater organization.
68- I’ll leave it at this. Everything Cosby says is right. If you want to talk and act like a thug amongst your friends, fine, but please have the ability to talk and act like a professional. Otherwise, you will never get a good job and be forced to sell drugs and collect welfare. No one wants to hire a thug. Also, be a man and raise a family. Stop knocking up random girls, that is financial suicide. There is a reason educated white guys only want one wife and one family. But be my guest and continue on with your lifestyle. Just don’t blame anyone for your situation, esp the white male. The only one to blame is yourself.
Cosby was right when he pointed out that the African American community should introspect and stop glorifying self destructive choices.