From the Star Ledger:
N.J. law would levy hefty fines against abandoned homes, absentee creditors
At one time, the opulent McMansion at the corner of Greentree Road and Lamson Lane in Washington Township was the definition of a dream home. High ceilings anchored by a crystal chandellier in the foyer, a wrought-iron and monogrammed gate that opens to a three-car garage, an expansive tiled patio surrounding an elevated, in-ground pool, an industrial-grade outdoor kitchen — the list of its amenities goes on and on.
But now, scattered papers, broken toys and trash lay beneath the chandelier. At least a dozen piles of rotting trash are scattered throughout the backyard. The letters M-O-L-D are drawn vertically alongside the double front doors where a note from FedEx is stuck, indicating an October 2013 package went undelivered.
While the Lamson Lane home is a particularly dramatic example, vacant and overgrown properties pose a problem to municipalities throughout the state, and Assemblyman Paul Moriarty (D-4 of Washington Township) hopes his newest bill-turned-law will help get them cleaned up.
The bill, which was signed into law last Friday, gives towns the ability to go after banks that own problem properties where it matters most — their pocket books. It allows municipalities to charge hefty fines to creditors that own properties in violation of the township’s code, a minimum of $1,500 a day for in-state creditors and $2,500 a day for out-of-state creditors.
It also requires those out-of-state creditors to designate a party located within New Jersey to handle maintenance of any property it forecloses on.
“It’s just a paper asset in a portfolio to [creditors],” said Moriarty as he observed the damaged Lamson Lane home last week. “But to the people who live here, it’s an eyesore that’s affecting their property values, an eyesore in their neighborhoods.”
…
Many neighbors near those homes are concerned not only with the physical appearance of neglect, but with insects and diseases incubating in stagnant pools, animals that take over abandoned properties and criminals who may seek out the homes for squatting or scrapping.But when Donovan attempts to track down the property’s owner, she’s often led on a wild goose chase that ends with financial middle men refusing to disclose the true identity of the creditor.
“I might have a list of five to six companies that I have called and hope one of them will take responsibility for the property, and nobody does,” said Donovan, who added New Jersey is one of only a few states that do not require the party that pays taxes on a property to reveal the bank that’s putting up the funds.
Burger King looking to buy Tim Hortons in a tax inversion play?
CT with two areas in the top 10 this month, what’s going on?
From HousingWire:
Black Knight: Home prices in June rose 5.5% YOY
At the national level, U.S. home prices in June were up 0.8% from May, and 5.5% from this time last year, according to the data and analytics division of Black Knight Financial Services.
The yearly increases in home appreciation continue to slow – the last three monthsY/Y increases were May: 5.9%, April: 6.4% & March: 7.0%.
Once again, every one of the 20 largest states and 40 largest metros showed positive month-over-month movement.
July New Home Sales due out at 10, eh?
Banks never pay. Banks just collect.
What if this is by design?
“New Jersey is one of only a few states that do not require the party that pays taxes on a property to reveal the bank that’s putting up the funds.”
What if this is by design?
“New Jersey is one of only a few states that do not require the party that pays taxes on a property to reveal the bank that’s putting up the funds.”
People only have 1 job? I don’t understand. I currently have 3 jobs. 2 jobs sounds like a dream, but 1 job just sounds lazy.
From the Daily Record:
More Morris residents working two jobs
Fewer people in Morris County are depending on income from a single salaried job to make ends meet, as the economy continues to morph in the wake of the Great Recession.
In the past seven years, the number of salaried workers in Morris who supplement their income with additional jobs, or freelance work, rose 40 percent—from 59,000 to 82,500, according to the U.S. Bureau of Labor Statistics.
The reason is no mystery, said James Hughes, dean of the Edward J. Bloustein School of Planning and Public Policy at Rutgers University.
“Wages have essentially been flat,” Hughes explained. “If people are stressed financially, then they may well take a second part-time job. In this new global economy, where there’s a lot of pressure on companies to hold costs down, workers are bearing the pain of that reality.
“It’s also a good sign,” he added. “People still have a good work ethic.”
Another trend that has unfolded since 2006 is a dip in the number of self-employed people in Morris County. Their ranks dropped 15 percent from 16,200 to 13,800. The statistic, reported in “America’s Self-Employment Landscape,” a February 2014 report released by EMSI (Economic Modeling Specialists), reflects only the more informal, unincorporated self-employed population which tends to work solo in home-based settings.
[1] grim
Beat me to it. So it would appear.
http://money.cnn.com/2014/08/24/news/burger-king-tim-hortons/index.html?hpt=hp_t2
This one is a game changer though because it involves our largest trading partner. Ottawa has cooperated with DC but isn’t likely to let itself or it’s corporate citizens get pushed around by DC on tax policy. If this goes through, expect pushback on punishing legislation. DC would be in a box because if they decide against punishing this deal, they forego punishing all those before it. Further, relenting would embolden Other countries to push back as well.
Most bank lending is done by national banks. Although I don’t think this argument flies, you may hear pushback on this–if the state banking department is in charge of collecting, and wants access to bank records, the banks may well cry “preemption” and pressure the OCC to lean on the state.
In the past, OCC guarded its regulatory border jealously and banks didn’t need to complain about state overreach. Don’t know if it’s still that way, post Obama.
Canada wouldn’t permit this merger on the grounds of national pride.
Suspect that BK might leverage the merger to extend Hortons well into the US. Interesting proposition, since in the northern states they could potentially give Starbucks and Dunkin a run for their money.
[11] grim,
I disagree since Hortons, which is isn’t much of a national icon, isn’t leaving Canada. Also, National pride cuts two ways. It could be a great source of pride for Canada to poach a well known American company, even if it is owned by a hedge fund.
[12] redux
Was replying to 10, not 11
Wow, anon will be disappointed . . . (Don’t let the URL fool you, it isn’t about 1033)
http://www.bloomberg.com/news/2014-08-24/obama-said-to-order-audit-of-military-gear-used-by-police.html
I hope that Nixon didn’t hurt himself by backpedaling so hard.
Time for Obama to go from bashing unpatriotic CEOs to bashing unpatriotic shareholders . . .
http://www.theglobeandmail.com/report-on-business/international-business/roche-to-buy-us-biotech-firm-intermune-for-83-billion/article20188987/
Different deal flow, same result. . .
isn’t Canada communist? free healthcare and free college paid by high taxes?
inversions are NOT a tax play
grim says:
August 25, 2014 at 6:45 am
Burger King looking to buy Tim Hortons in a tax inversion play?
“WHAT’S REALLY DRIVING INVERSIONS
Chief executives have complained for years about the United States corporate tax code. This summer, the issue reached a near boiling point as many big American companies have sought to buy smaller foreign rivals so they could renounce their United States citizenship and reincorporate abroad, a move known as an inversion, Andrew Ross Sorkin writes in the DealBook column. He adds: “Again and again, we hear that these deals are being driven by an effort to make our companies more competitive globally and that unless we ‘reform’ our tax system,” we will lose business to foreign rivals.
“It is a compelling narrative. But it may be wrong,” Mr. Sorkin writes.
A recent study makes the argument that the United States tax code is not impeding global competitiveness and in fact, the opposite is true. The United States may have a corporate tax rate of 35 percent, but the paper contends that the American tax code’s loopholes result in effective tax rates that make United States corporations more competitive than their rivals overseas. Instead, what may be driving companies to inversions is the money they have abroad and don’t want to bring back to the United States despite protestations by many chief executives that they wish they could.”
In other news this morning, Starbucks’ Schultz announcing it will purchase the Dawson Lounge in Dublin Ireland. Previously known as Dublin’s smallest pub, Schultz went on to extol the virtues of the cozy, home town feel, stating that the new alignment in cultural values creates a synergy that will be a model for future Starbucks expansions. Starbucks will be moving it’s corporate headquarters to the new Dublin location immediately, but only 3 key executives will be able to be located at the new main corporate campus, and only through elimination of the ladies bathroom. When asked about the deal, long-time pub patron Donovan McDonnegal responded about Shultz, being “as useful as a Kerry man with a Hurley.” The pub in incomprehensively erupted in laughter. In further questioning, Schultz was firm that this deal had absolutely nothing to do with Ireland’s 12.5% corporate tax rate. Schulz went on to call it the greatest corporate merger in history. The deal is valued at 38,000 pounds sterling.
When viewing coverage of ISIS terrorists in Iraq, view the fearmongering with a healthy dose of skepticism….
Remember this selfie with John McCain posing with ISIS terrorists in Syria after he armed them.
http://www.dcclothesline.com/2014/06/23/isis-runs-ad-campaign-featuring-photo-john-mccain/
MMMM timbits!
Their chocolate cake (only in Canada) is pretty good too, but I’ve never seen it in their shops in the states. Quite frankly, Timmy Hos is really average at best.
grim,
The “smoker” house, part II. Remember the one in Washington Township? This is the big brother. I was there yesterday. It was embedded in the walls. The property and location is beautiful. The house, OTOH, needs to be gutted.
http://www.njmls.com/listings/index.cfm?action=dsp.info&mlsnum=1431462&dayssince=&countysearch=false
I was at this one as well. This house is very clean and buttoned up nicely. However, the bedrooms and closet space is lacking and the lower level is illogical in layout. There’s too much wasted space overall. The house is priced $75,000 too high.
http://www.njmls.com/listings/index.cfm?action=dsp.info&mlsnum=1432052&dayssince=&countysearch=false
Gary,
That smoker house is the home I grew up in in East Brunswick. Only difference is vinyl siding instead of cedar shakes and it’s just a little bigger.
Lib,
$600,000 just for the privilege of closing on the place. It’s not livable in it’s current state so what’s the point? A working family is going to put $120,000 down and then tackle the astronomical expense of gutting the place? Impossible.
“Wages have essentially been flat,” Hughes explained. “If people are stressed financially, then they may well take a second part-time job. In this new global economy, where there’s a lot of pressure on companies to hold costs down, workers are bearing the pain of that reality.
I’ll repeat it for the 157th time: a family member does executive and white collar recruiting and has stated that wages are the same now as the late 90s. The ones still purchasing and buying these houses are ill-informed, desperate, thick-headed and financially illiterate.
When we used to go up to Canada for roller hockey tournaments and get our rear ends handed to us by D league canucks we used to stop in Tim Hortons. This is how we described Tim Hortons -the dunkin donuts of Canada is so uniquely Canadian. It is polite, lacking in charm, and utterly bland The coffee is forgettable and the fair is like rolling into a D&D at 4 am to scarf down on the leftovers from the previous day because you have the munchies.
timbits are a cut rate munchkin , their bear claws lack any sense of panache and the coffee tastes like it was filtered through the local junior team’s jocks.
that being said I always grab some timbits when I’m in Toronto just because
” The ones still purchasing and buying these houses are ill-informed, desperate, thick-headed and financially illiterate.”
Or you could rent.
As long as the gubmint continues to provide easy money, people will keep on buying.
[18] grim
“long-time pub patron Donovan McDonnegal responded about Shultz, being “as useful as a Kerry man with a Hurley.” The pub in incomprehensively erupted in laughter.”
Why would that be incomprehensible? Apparently Kerry men can’t handle a hurley properly. http://en.wikipedia.org/wiki/Hurley_(stick)
I had fondish memories of Timmy Hos from a trip that Lib and I took up to Toronto to the Hockey Hall of Fame many years ago. Thought it was cool that they were coming to NYC…until the morning that I ordered and watched them make an iced “mocha” for my Acela ride down to our Wilmington office. It was pretty much ice, stale coffee, half a container of Nestle Quick chocolate milk, chocolate syrup and whipped cream. Tossed it in the trash and haven’t been back in there since. Ick.
Timmy Horton’s sucks. The deal should be blocked because we don’t want crappy coffee here.
I found this comment on another thread. I thought some here would find it as amusing as I did.
“There are “good teachers”. I mean, they may seem like unicorns or white buffaloes or peaceful Muslims in their rarity… But they do exist.”
6:51 am LyondellBasell to build PO/TBA plant on U.S. Gulf Coast; to have the plant operational in 2019; expected to generate up to 1,200 construction jobs at its peak (LYB) : Co announced plans to build a world scale PO/TBA plant on the U.S. Gulf Coast with an annual capacity of 900 mln pounds of propylene oxide and 2 bln pounds of tertiary butyl alcohol and its derivatives. The preliminary timetable is to have the plant operational in 2019. The project is expected to generate up to 1,200 construction jobs at its peak.
[1] grim –
I’m watching a couple medium sized companies ( < $10 billion market cap) that I expect to do the same thing very shortly.
Burger King looking to buy Tim Hortons in a tax inversion play?
Another amusing quote, so Clot-like in its simplicity:
“There are some people who just want to watch the world burn. Count me among them.”
S&P 500 1,999.29 +10.89 +0.55%
Almost there!!!
[34] expat
Why do the work when someone will do it for you?
http://dealbook.nytimes.com/2014/08/22/new-product-offers-exposure-to-inversion-targets/?_php=true&_type=blogs&_r=0
Unexpectedly folks.
New-home sales in the U.S. fell unexpectedly in July for the second month as the housing recovery makes only fitful progress.
Sales declined 2.4 percent to a 412,000 annualized pace, the fewest since March and weaker than the lowest estimate of economists surveyed by Bloomberg, after a 422,000 rate in June, the Commerce Department reported today in Washington.
Yellen has been warning of the housing drag and here we are closing in on 2015 nearly a lost decade has passed.
I don’t know why anyone bothers with month over month comparisons of SAAR.
Waste of time, unless of course you love the volatility (because it makes for good headlines).
Not only do the numbers undergo massive seasonal adjustments, they also go through a projection to come up with an annual rate based on a single month activity. Based on how many homes we think we sold this month, let’s adjust that number so that we take out any seasonal or holiday impacts, and lets take that adjusted number and project out how many homes we think we’re going to sell in the next year.
So you have an adjustment of an estimate used to make a twelve month forecast each month – and this is the basis?
Why not just look at new houses closed this month, compared to the same month last year. Yeah I know, not quite as sensational. Stupid economists using wildly complex calculations to justify their jobs.
Why did it go up, why did it go down? Was the seasonal adjustment wrong? Was the sales estimate wrong? Was the forecast model wrong? Jesus, just count the closings.
From the WSJ:
New Home Sales Fall 2.4% in July
New-home sales fell again in July, a sign that a major source of jobs continues to waver entering the second half of 2014.
Sales of new single-family houses declined 2.4% from June to a seasonally adjusted annual rate of 412,000, the Commerce Department said Monday. Economists surveyed by The Wall Street Journal had predicted a July sales pace of 425,000.
The June sales figure was revised up to a pace of 422,000 from a previously estimated 406,000.
The latest figures suggest the market for newly constructed houses remains stuck in a lull.
So far this year sales have largely failed to gain momentum, holding a pace roughly in line with the 429,000 new houses sold in all of 2013. That stands in contrast to the market for existing homes, which has strengthened this year, recording four consecutive months of improved sales through July.
While new home sales only account for about 10% of U.S. home-buying activity, they are important for the overall economy because home building tends to provide well-paying, middle-class jobs.
…
New home sales last month were up 12.3% from July 2013, the weakest month of last year.
https://www.census.gov/construction/nrs/pdf/newressales.pdf
NSA
July 2013 – 33,000
July 2014 – 37,000 (preliminary) – Up 12.1% YOY.
Grim: considering the New-home sales numbers are about 1/3 of what they were a decade ago it only serves to show we are a long long way from home.
[41] I know of (don’t actually know) a particular private developer who as been very active (and successful) over the last couple decades doing a lot of new construction by gathering small pieces of land and building new, fast, and cheap (Take a look at 1, 3, 5 Constance Rd in West Roxbury, MA for an example). While trolling through deeds this weekend I see he is now buying adjacent Beacon Hill properties in the 1.5-2.5 million dollar range. I may be wrong, but I believe he is basically knocking out walls and combining $5 million dollars worth of two SFH properties to sell as a single $6 million SFH property. I guess if you can do it, that’s the real way to flip to the 1%. Take a look at 12 & 14 Charles River Square in Boston and see if you agree. I was wondering what was going on when he was able to take out a $6.5 million dollar mortgage on the property he bought for $1.5 million, now I think I see.
43 – Well sure, but why would anyone ever expect it to return to that level, other than being in another housing bubble?
The comparison is against a nonsensical number.
44 – Always thought the best property investors were those that used a kind of secretive assemblage approach. Quietly purchasing blocks of property in an area with full understanding that the area in aggregate is more valuable than individual parcels. Separate LLCs, over long periods of time, barely making any noise that anything had changed. It’s a complex strategy to carry out, since once someone understands your game, they can hold out on a critical piece of property. That said, those folks are also quite clever, and can be successful if they can pull off the block.
Knew someone who pulled this off with a substandard flag lot that was large, but not large enough. He purchased the lot and left it vacant for years. When one of the fronting lots came up, he quickly purchased it private party. Combining the two lots together, he was able to assemble 3 buildable lots from 2 less than ideal lots. Had he attempted to buy a property that was large enough to be subdivided into three buildable lots, he would have paid a small fortune. It became 3 new houses with a small cul-de-sac, two properties on one side of the road, the third to the opposite back. I’m sure he cleared more than a half a million on the deal all said and done.
I’m starting to see this in a number of places in NJ, buy two lots, build 3 houses.
[46] Exactly right, grim. I had to page through the mortgages given to the LLCs to find his signature as the “Manager” of each LLC. In the past he appears to have done some deals where he buys a piece of land from a guy, builds 3 houses and then sells one of the houses back to the original owner in a sweetheart deal and often the deed reads as if it’s still land, but there is actually a house on it at the time of sale.
[47] A friend of mine pulled off the same thing. In fact it was the start of their empire. My friend was working as an Electrical Engineer at my work when someone showed him how to do it. There was a house that was on two build lots in Fairlawn, the town where he and his family lived, this was in 1985 or so. Any way, the house was up for auction with sealed bids and would have to come down to build on both lots. He and his family outbid the closest bidder by $10k (which was a lot back then) and then his friend showed him how to petition the city council to let them make 3 lots out what should be two. They razed one house, built one house then sold off the one built house and the two build lots for $100K profit and bought a gas station. A few years later they sold the gas station and bought a “carpet business” from a Turkish relative in Syracuse, NY and moved the entire business down to Clifton. They’ve since done very well and relocated. Maybe you’ve seen their store on Route 17? It all started with that one RE deal in Fairlawn.
http://www.korkmaz.com/
stu: the tech company I mentioned is now up 22% from our conversation…..I said I was waiting for the 10%-ish pullback, but I pulled the trigger right at that level.
Nice work!
chicagofinance says:
August 25, 2014 at 12:11 pm
stu: the tech company I mentioned is now up 22% from our conversation…..I said I was waiting for the 10%-ish pullback, but I pulled the trigger right at that level.
That poor lady getting up at 3:00AM to sort packages at UPS for $32/hour +benefits better keep an eye over her shoulder. I’m sure someone is working on an automated sorter as we speak…
$32/hr is pretty good to sort packages in the mornings, I may need to take a 4th job. Nobody is paying me to sleep.
To be fair, she’s been there since ’84, so I’m sure she’s at the top rate. And I agree, it is pretty good, it might be too good.
NWNJ [52];
That was already the case the last time I saw the back room of a UPS facility some 20 years ago (applied for a PT holiday gig during college – dinged because I didn’t own a car at the time). Sorting is all automated, right down to loading the packages in the order of the driver’s route. They just use a human move the boxes from the truck to the conveyor and vice versa.
Holy sh!t, I know her. Eaten in that Boston Market many times.
ChiFi…I figured you did, which is why I didn’t ask. I’m still watching it and I’ll let you know if I decide to pull the trigger.
There was a very, very bullish article in the WSJ on Schlumberger. Talk of doubling their EPS between 2013 and 2017 by making inroads into servicing smaller North American energy producers. Might be worth a deeper dive into a low risk large cap.
My latest purchase was KORS at 75.75. I think I might have caught a falling knife without getting cut. The crazy part is that I set the limit purchase on August 1st when it was over 80 and never expected it to trigger. The next day it hit a low of 75.13 and it has done nothing but gone up since then. I try to be super conservative with purchases when the market looks toppy as you know. It’s only at 82 now, but I bet she gets over 100 by the xmas quarter.
right wingers do not like anybody to be jealous of billionaries.
but working class making more than minimum wage are fair game
On the UPS tip. Brown has always been known to provide an excellent living with good benefits. But you have to put in a lot of time on the krap shifts at low pay before you get there.
Go drink your 2 buck chuck and shut up Anon.
Schlumberger was the front pg of Barron’s a couple of weeks ago
When Anon goes to San Francisco.
He’s sure to wear flowers in his beard.
Charles Shaw is still $2.99 here in MA. I have a friend who sells wine and he says bulk wine used to be available for 5 cents a gallon, he said now it might be 50 cents. The most expensive part is actually the bottle.
Go drink your 2 buck chuck and shut up Anon.
These corporations implementing inversion moves while chopping headcount sounds like a winner for us stockholders. It ensures growth, steady dividend payments and might even lead to chopping government programs due to lack of tax revenue. Sounds like a good deal all around.
For clot…..a preview of post-apocalyptic America…..
http://nypost.com/2014/08/25/california-skaters-turn-quake-damaged-roads-into-playland/
http://www.theblaze.com/stories/2014/08/25/is-burger-king-calling-the-white-houses-bluff/
Reverend Al’s Speech at the Brown Funeral.
https://www.youtube.com/watch?v=OOV2VBkk35g
It actually was pretty good.
It’s good to be the king.
I wager that BK might not redomesticate to Canada in deal. Some early analysis suggests that deal driven by traditional factors, and that BK wouldn’t realize much in the way of tax savings. BK isn’t hoarding cash offshore and isn’t avoiding US tax. Also, Tims has no real presence here. Deal is seem as growth oriented. Better view is that 3G is trying to build portfolio to compete with yum brands. So if inversion carries too much reputation risk, BK might not leave.
Roi du Burger?
[66] toxic,
Article suggests that Canada corporate tax is 15%. This is true only of federal. Provinces can impose taxes up to the federal level and above.
Further, as noted before, BK would not realize much of a tax bump. Nor is it well positioned to take on earning stripping. In fact, the reason for getting Hortons may be financial engineering to get value out of BK before loading them both with debt.
[70] Clot
Roi du Burger?
Seulement en Quebec
Nom [72];
Poutine invades South across the border! Yum…
My son worked for 3 three years with UPS loading packages. Started at $10 and was making $13.50 and he worked 3 am to 8 am. . He had to move 700 to 1,000 pieces of parcels daily. He is now driving a truck for them and they jumped his salary to $16.50 an hour plus overtime. Some of the drivers don’t get home until nine at night, peak season after 10pm.
His wife is a teacher , she cannot believe the hours he works, after all she works 6 hours a day, basically ( I know they all work at home etc.). I think all NJ public workers should be forced to do manual labor . This way they could see how easy they really have it.
I have many family members who worked for UPS. One from my wife’s side got semi-rich from the IPO and will get a genuine retirement pension. From my family side, several people, warehouse workers and one linehaul truck driver. All have solid middle-class incomes, especially good for lower cost Florida. None ever claimed it was a wonderful place to work, or a terrible place.
BTW, just about any non-drug user with a brain and willing to work can get a job as a truck driver today, and get paid well above minimum wage. Railroad (private) companies offer better pay than trucking firms, for someone with the right characteristics (concentration, following instructions, handle being away from home – often former military), railroads pay surprisingly well and also tend to offer pensions.
That’s a lot of ot!!!
I wouldn’t make comparisons between jobs that require two different skill sets. What you are doing is no different than me comparing your son to a migrant farm worker picking grapes. Then stating all UPS workers should work as a grape picker, then they will realize how easy they really have it.
Jim says:
August 25, 2014 at 5:29 pm
My son worked for 3 three years with UPS loading packages. Started at $10 and was making $13.50 and he worked 3 am to 8 am. . He had to move 700 to 1,000 pieces of parcels daily. He is now driving a truck for them and they jumped his salary to $16.50 an hour plus overtime. Some of the drivers don’t get home until nine at night, peak season after 10pm.
His wife is a teacher , she cannot believe the hours he works, after all she works 6 hours a day, basically ( I know they all work at home etc.). I think all NJ public workers should be forced to do manual labor . This way they could see how easy they really have it.
Do you think they are going to kill off bk for profit? It honestly would not surprise me at all.
Comrade Nom Deplume, a.k.a. Captain Justice says:
August 25, 2014 at 3:47 pm
[66] toxic,
Article suggests that Canada corporate tax is 15%. This is true only of federal. Provinces can impose taxes up to the federal level and above.
Further, as noted before, BK would not realize much of a tax bump. Nor is it well positioned to take on earning stripping. In fact, the reason for getting Hortons may be financial engineering to get value out of BK before loading them both with debt.
Poutine sighting in Finger Lakes:
http://www.flxwienery.com/
couple of weeks ago i posted NYT article bout many openings for truck drivers. reason is that firms are unwilling to pay decent wages even though they have record profits.
some industries have difficulty taking advantage of non-drug users with a brain
“BTW, just about any non-drug user with a brain and willing to work can get a job as a truck driver today, and get paid well above minimum wage. Railroad (private) companies offer better pay than trucking firms, for someone with the right characteristics (concentration, following instructions, handle being away from home – often former military), railroads pay surprisingly well and also tend to offer pensions.”
yep
Michael says:
August 25, 2014 at 6:04 pm
That’s a lot of ot!!!
I wouldn’t make comparisons between jobs that require two different skill sets. What you are doing is no different than me comparing your son to a migrant farm worker picking grapes. Then stating all UPS workers should work as a grape picker, then they will realize how easy they really have it.
Jim says:
August 25, 2014 at 5:29 pm
My son worked for 3 three years with UPS loading packages. Started at $10 and was making $13.50 and he worked 3 am to 8 am. . He had to move 700 to 1,000 pieces of parcels daily. He is now driving a truck for them and they jumped his salary to $16.50 an hour plus overtime. Some of the drivers don’t get home until nine at night, peak season after 10pm.
His wife is a teacher , she cannot believe the hours he works, after all she works 6 hours a day, basically ( I know they all work at home etc.). I think all NJ public workers should be forced to do manual labor . This way they could see how easy they really have it.
The Chicago Sun-Times reported that a trial transcript documented that Starling admitted that the detectives “showed me the picture first,” before asking him who shot him. This entire case hinged on that false identification.
“The investigation in this case, pretty much, can only be described as pathetic,” said Judge Claps as he cleared the Greens following their acquittal on June 16.
“Given the nature of this violent act, you would think the police department would have some motivation to spend the time and effort to investigate the matter,” the judge remarked. “Apparently they chose not to.”
http://www.suntimes.com/news/metro/29340124-418/2-brothers-cleared-of-attempted-murder-sue-city-cpd-detectives.html#.U_t2AaOGffg
Can anyone comprehend just how much of an a$$wipe the O-man is to have Maureen Dowd cut on him in this way?
http://www.nytimes.com/2014/08/24/opinion/sunday/maureen-dowd-the-golf-address.html?_r=1
I can’t believe we are paying this guy to provide handouts to the health insurance industry. Besides that, we are basically paying him to do nothing. Lifetime benefits too.
chicagofinance says:
August 25, 2014 at 7:32 pm
Can anyone comprehend just how much of an a$$wipe the O-man is to have Maureen Dowd cut on him in this way?
http://www.nytimes.com/2014/08/24/opinion/sunday/maureen-dowd-the-golf-address.html?_r=1
UPS came to my college to recruit (1983) part-timers for a local hub. $8 hour (quite good back then). Scores sgined up.
offloading 800-1000 boxes an hour was REQUIRED to keep the job.
I was there a few weeks when another student I knew quit and walked out in the middle of a shift.
I asked him why. He said “Think about. If someone told you they’d give you $8 to load/unload a tractor trailer full of boxes – some really heavy = as fast as you could while being harrassed would you do it?. I also work part-time at McD’s. Yeah, the pay is half but I get free food the job is a joke and there are hot highschool chicks that think I’m a stud. Asking for more hours, there”.
Mickey D’s it was for me the rest of that winter break.
What happened to the American Dream?
http://www.hbo.com/documentaries/the-last-truck-closing-of-a-gm-plant#/
79, I think the problem is the amount of money people get from government for doing nothing, allowing people to choose not to do any work at all. If people tried a bad job for low money and do it well, a better job becomes much easier to find. Some people would rather stay home and wish for fairy godfather Oblamer to just make high paying jobs for unskilled workers to magically appear with minimum wage laws.
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