From the Daily Record:
Leaving Morris County — and New Jersey
Kathleen Dooley-Breslin and her husband wanted something larger than the 2,000-square-foot house they owned in Denville before starting a family. So, like some other couples, they looked south — all the way to South Carolina.
They sold their home in Denville for $469,000 and purchased a house in Lake Wylie, S.C. that’s twice the size for $400,000. They traded 2-1/4 bedrooms and 1-1/4 baths for four bedrooms and four bathrooms. And they gave up a property tax bill of close to $10,000 a year for one that’s about $1,900.
“We didn’t want to buy a McMansion in New Jersey and live above our means,” Dooley-Breslin said. “We didn’t want to put ourselves on that treadmill.”
They may be part of a trend, people moving out of the state because of high taxes and housing prices that remain inflated, even in a poor economy.
…
From 2000 to 2008, nearly 800,000 households moved from New Jersey to another state, taking $57.7 billion in adjusted gross income out of New Jersey, according to data from the IRS. The dollars for those years were adjusted for inflation.Countering that exodus was an influx from other states of some 636,000 households and $45 billion in adjusted gross income, in 2008 dollars.
On balance, New Jersey had a net loss of 163,000 households and $12.8 billion in gross income, adjusted for inflation. That represents about 4 percent of New Jersey’s total taxable income.
During that time, the state’s total population still grew by 268,000 people, or 3.2 percent, because of a large influx of immigrants and the fact that there were more births than deaths.
Rutgers University economists James W. Hughes and Joseph J. Seneca have calculated that the ongoing exodus cost the state $680 million in state income tax and sales tax revenue in 2006 alone.
A total of 64,102 households moved out of Morris over the past five years, 6,464 more than moved into the county. Households moving out of state had a $94,374 average annual income. All households leaving the county, including those remaining in New Jersey, had an average income of $85,728, slightly higher than the $84,346 average of those moving into Morris.
Frist…
Grim – That article could have been written about CA.
yay.. . I got the bronze
so if we have had that many people leave
why would our hospital system be broke?
why would our property taxes being going up?
the people coming into NJ ,, who are they
NJ,, the garden state, also, a complete welfare state, but Corzine seems to be
on his way to victory,,no matter what Karla
says
Kathleen Dooley-Breslin and her husband wanted something larger than the 2,000-square-foot house they owned in Denville before starting a family
That kind of says it all, doesn’t it?
2k square feet is just cozy for 2, but add a baby and it gets cramped.
http://www.latimes.com/news/local/la-me-taxes30-2009sep30,0,682850.story
Schwarzenegger Seeks Overhaul Of Sate Tax System – LA Times
It isn’t the property taxes driving out Californians… it is income, corporate and sales taxes.
Kathleen Dooley-Breslin and her husband now find themselves in a state with much higher unemployment, very low wages, and a main-steamed anti-catholic mentality. Enjoy the hanging out with your new friends at the Dollar General.
“we didn’t want to buy a McMansion in nj and live above our means.”
so we did it in SC instead.
http://www.latimes.com/news/local/la-me-taxes30-2009sep30,0,682850.story
Stiglitz Deflation Threat Pushes Fed to Keep 2010 Rates at Zero – Bloomberg
http://www.bloomberg.com/apps/news?pid=20601068&sid=ame31IjWda6w
Oooppps – Bloomberg link @ 9
Shilling…”The economy is facing deflation “because you’ve got basically an excess-supply world, he said.
#8 – so we did it in SC instead.
:)
A financial recruiter and a corp. attorney who needed a 4k sq ft house to have a kid. I can just imagine what a delightful couple they are.
Icelanders get hot over mortgages, Plan Mortgage stirke:
Iceland is expecting a wave of public anger over the dire state of the economy. Stephen Beard reports thousands of mortgage holders are likely to join a national repayment strike.
20% of icelanders owe more then their mortgage is worth.
http://marketplace.publicradio.org/display/web/2009/09/30/pm-iceland/
The morris county daily record has been doing a piece on the exodus from nj and taxes….
Leaving NJ and loving it
http://php.dailyrecord.com/taxcrush/daysix.php
oops,
helps when you read the article at the top of the page…… :(
freedy 4
During that time, the state’s total population still grew by 268,000 people, or 3.2 percent, because of a large influx of immigrants and the fact that there were more births than deaths./
The immigrants moving into thestate tend to be lower income and use a larger percentage of public services then those who are leaving. The births are not a tax generator, but a revenue sink. Its a lose lose situation.
while my observations may not be represenatative of the enitre state, it seems that some percentage of those coming into the state are taking the jobs of a portion of those leaving but for a lower wage.
increasing use of public service, decreasing salaries and hence tax base, decreasing home values, and a net exodus of high income individuals….
the democratic republic of NJ is coming along just fine. We are on schedule for 3rd world status.
see this yet?
bergabe getting laughed at
http://www.youtube.com/watch?v=4Md5Wf5ysUE
in passaic and a few other counties
we have arrived at 3rd world status.
check:paterson,passaic,trenton,elizabeth,jersey city,camden,plainfield,dover,lodi,garfield,and a few others,, english is the second ,
check the hospitals,
and of course check the welfare,s8,food stamps,ssi,
freddy,
i am not far away from dover and go to a nice little hispanic barber shop to get a hair cut in the middle of dover.
Dover is ugly but not quite 3rd world status yet. Now camden (i.e. Beirut), Jersey City, and Newark, i wont argue with.
From a historical perspective, the next decade or so should be interesting, becuase i agree with grim, that we will most likely see a re-urbanization that is likey to push the lower income groups out of the urban centers and towards the suburbs….
On balance, New Jersey had a net loss of 163,000 households and $12.8 billion in gross income, adjusted for inflation.
What’s the big deal, just raise taxes. After all, we’re affluent and prestigous.
“Someone from the States will appear and claim kinship due to thinking that their great great great granny MAY have come from somewhere in Scotland”
Lishoosh,
This conversation is borderline rediculous but its bothering me so i am intent on us reconciling this.
First let me be clear, my parent is definately 50% Scottish – i dont know how you changed that to ‘great great great MAY BE’ but i’m willing to totally ignore that for now.
More importantly, i found ‘Scotch’ on webster dictionary and like i suggested it refers to the people. But as im learning now, you wouldnt know that from visiting Scotland because its an american dictionary; and thus an american term.
Websters Dictionary
Scotch
Date: circa 1700
1 scots
2 plural in construction : the people of Scotland
3 whiskey distilled in Scotland especially from malted barley —called also Scotch whisky
This below is from urban dctionary and helps explain why you would have not heard it in Scotland…
Scotch – Scotch as a term to refer to people from Scotland is too old school and many Scots find it offensive.
Anyway, i hope this clears up the miscommunication. Bye the way, just out of curiosity, what is your ancestry?
#18 what you also see more and more
is the street walkers in hillsdale,westwood,closter,norwood,
park ridge,
all stroling with the kids,, wash bags,
all Mexicans. living stacked,,in the apts,,,
anyone using today as a buy opportunity? too early?
Federal Reserve Buys More Than 100% of Mortgages Issued in 200
It turns out that in 2009 (again, through August), the Federal Reserve has bought $624 billion of MBS and a further $98 billion of Agency debt, for a total of $722 billion in money injection into the housing market through Fannie Mae, Freddie Mac, and the FHLB.
In other words, the Federal Reserve alone bought $722 billion of mortgages and agency debt when only $686 billion in new mortgages were issued. So, through August, the Fed bought more than 100% of the entire supply of new (purchase) mortgages in 2009.
http://www.chrismartenson.com/blog/federal-reserve-buys-more-100-mortgages-issued-2009/28343
yikes,
yep, buy more shiny!
Check out the chart below, from Amherst Securities. It shows the number of delinquent mortgages that have yet to be liquidated– a number that Amherst puts at a shocking 7 million (135% of the number of houses sold in a year right now). Eventually the houses attached to these loans have to hit the market. When they do, expect them to go at a firesale.
http://static.businessinsider.com/~~/f?id=4ac2567c939d810a1852e9be
clot,
enjoy:
Fannie Mae reported that the serious delinquency rate for conventional loans in its single-family guarantee business increased to 4.17 percent in July, up from 3.94 percent in June – and up from 1.45% in July 2008.
http://2.bp.blogspot.com/_9ZzZquaXrR8/SsPdVOtQRfI/AAAAAAAAE4A/9W0ZxCBkJMo/s1600-h/FannieMaeDelinquency.gif
the recession is over!!!
Unprecedented U.S. corporate defaults seen for ’09
U.S. corporate debt default rates are expected to hit “unprecedented” levels in 2009, even though the economy may be past the halfway mark of the U.S. recession, according to a forecast unveiled on Monday at the Reuters Restructuring Summit. “There is a lot of pain left — we are only just half way through the 600 or so defaults in this cycle,” said Phil Kleweno, a partner at Bain’s corporate renewal group.
http://www.reuters.com/article/Restructuring09/idUSTRE58R4QO20090929?ref=patrick.net
Keep unions strong, taxes high, jobs and people out of NJ. Vote Corzine.
Chris Christie’s Empty Campaign
The GOP candidate tries hard to lose in New Jersey.
http://online.wsj.com/article/SB10001424052748704471504574446900181308412.html
Stu says:
October 1, 2009 at 9:54 pm
Interesting…
Stu,
Not a problem. That’s GAAP accounting. Not on the govt radar.
“anyone using today as a buy opportunity? too early?”
Yikes,
Buy what?
Buy SRS.
clot,
As i said, we areon schedule or even perhaps ahead of schedule for 3rd world status…
<i.Two economists, Professors Emmanuel Saez and Thomas Piketty, developed a method for measuring income inequality using IRS data, which avoided the problems inherent in using Census Data. This data was recently updated in response to the IRS release of 2007 information, and found that: Economic inequality in 2006 was, by some measures at the highest levels, ever found in the data available for the past 95 years. In 2007, these same measure showed a further jump further bringing America to it it’s highest levels of economic inequality in recorded history.
U.S. Income Inequality Is Frightening – And Much Worse Than We Thought
http://www.businessinsider.com/us-income-inequality-is-frightening-and-much-worse-than-we-thought-2009-9
“Buy SRS.”
No need, already short the major components.
Nom,
from the same article
Early next week, my new book It Could Happen Here will be released by HarperCollins. The book is an in-depth look , based on a historical analysis, of the implications of our historically high levels of economic inequality for the nation’s ultimate, long-term political stability. As economic inequality grows, nations invariably become increasingly politically unstable: Should we complacently believe that America will be different?
Christie…Corzine…doesn’t matter.
Both the same. Both ineffectual. Neither capable of doing anything other than presiding over the collapse of a failed welfare state.
Armageddon has been in effect, go get a late pass – Flava Flav, 1989.
-263,000 on the jobs. Futures plummeting.
Fasten your seatbelts.
Jobs numbers completely blow up the consensus estimates.
9.8% unemployment
2000 sqft is too small to start a family? What are they looking to do, be the next Duggar family? How did people ever manage to start a family 50 years ago when an entire town’s new housing stock was cape cods?
Barbara (36):
Little Public Enemy to start the date, very nice!
Should be a great retail Xmas season.
Time to go back a take a little SRS nibble…
And if the headline print wasn’t bad enough, last month revised to the downside by 13k too.
Joey (39)-
You had to be physically close to other family members and do weird, grody things like converse with them.
40.
its a damn shame what’s become of The Flav, loved PE’s first 3.
Long, Family Dollar Stores. Short, Coldwater Creek.
Sounds like a plan.
“And if the headline print wasn’t bad enough, last month revised to the downside by 13k too.”
U-6- 17%
That NC/SC stuff is a bunch of BS, two neighbors whose houses touch my property line bailed in 2006. One owned vending machine routes and the other was coming up on 20 years as a cop. Both sold their crappy splits at the peak, one got $600 and the other $550. Original purchase price from them was 260K and 180K. Route guy sold his route too, Both were in 40’s and saw this as a once in a lifetime chance to stick their POS house with someone else. No one with a real job sold out. Who in their right mind would sell a house for a 400K gain at 40 then go down south and work for 100K less a year for next 25 years. It did make a lot of sense for people about to retire or have HS degress. Min wage is the same everywhere.
Some clown on Squawk, trying to spin the UE number positive.
These Comcast guys have no idea what a steaming turd they’re buying.
BC (46)-
Any word on how many dropped out of the calculation for the stats?
“Some clown on Squawk, trying to spin the UE number positive.”
Clot,
Analyst: First 4 letters, coincidence?
barbara
http://www.youtube.com/watch?v=ASjH7X-jAY4&feature=channel
Clot,
Among the unemployed, the number of job losers and persons who completed
temporary jobs rose by 603,000 to 10.4 million in September. The number of
long-term unemployed (those jobless for 27 weeks and over) rose by 450,000
to 5.4 million. In September, 35.6 percent of unemployed persons were job-
less for 27 weeks or more. (See tables A-8 and A-9.)
http://www.bls.gov/news.release/empsit.nr0.htm
No link;
David Rosenberg, “Once
unemployment moves beyond 10% the recession will no longer be George Bush’s recession in the mind of
the public but will become Barack Obama’s.”
John,
20 years as a cop? What was his pension payout? My neighbor is bailing and heading to Arizona. He has got 25 years as a sheriff. I bet he could take a walmart greeter job and still be very well off out of Jersey.
#20 – Veto – I know, I know, whole can of worms. It’s a very complicated issue really relating to the way Americans view ethnicity/culture and those in the nations from whence they came.
Rather than drag it out, this link, while long, gives a pretty accurate idea of the different attitudes:
http://www.scotland.com/forums/clans/24986-scottishness-identity.html
As to your question -I was born in the US and raised in Scotland to a Scottish immigrant mother and American father who still live there. My entire mothers family is Scottish back who knows who many generations and all still live there, mostly in the Northern fishing villages.
From the article – What’s a quarter bedroom?
Frank
If bi comes in here today and puts a sell on SRS then I’ll definitively back the truck up and load it to the t.
“From the article – What’s a quarter bedroom?”
Lisoosh,
4 walls and a roof that some imbecile paid 600K for, on the mold coast?
Saw a house once with a quarter bath. They converted a hall closet into a shower.
No, really. You opened the door and stepped right into the shower.
“Mold Coast”
Superb.
make [57],
Frank is a charlatan. Wish he would go back doing what he does best, the weekend mall report. However, he may still be standing in that A&F line?
BC Bob says:
October 2, 2009 at 9:00 am
“Lisoosh,
4 walls and a roof that some imbecile paid 600K for, on the mold coast?”
You know what, South Carolina is welcome to such people.
[296] [prior thread] Cyclonic
“Note: I am not an attorney. My knowledge of the fine details of the BK process isn’t the greatest.”
It isn’t always great for attorneys either. Check out this “bench slap.” The footnote makes it.
http://www.txwb.uscourts.gov/opinions/opdf/05-56485-lmc_King.pdf
By the way, I went on that Hoboken site once, approx 1-1/2 yrs ago. Told them all to kick out their crapbox and buy loonies. The moderator deleted my post. Who’s the quack?
[32, 34] kettle,
Indeed, and I have seen this coming for decades now.
As for “could it happen here,” I respectfully suggest that it already is happening.
Veto – didn’t want to upset you (the forum linked might). Just understand that in the UK, ancestry is given far less weight and routinely ignored except where people self separate. Identity is based on where people were born/grew up, where their attitudes come from, funny accent, cultural mores, social references, sense of humor etc.
Brits might share a common language but think VERY differently from Americans.
Grim 60 – “Mold Coast” superb.
Did you catch “Take me to your litre”
last night? – BC is on a roll.
BC (61)-
A&F grabbed him and turned him into a mannequin.
…for their new “Latte Boy” line.
Lisoosh –
You will enjoy listening to this guy. Hugh Hendry from Electica.
http://www.youtube.com/watch?v=T-SM6vOD2wI&feature=related
[39] joey
I had the same thought. I have 5 living in 2350 sqft, and it is fine.
I guess they need that extra footage for the oh-so-necessary pool room, and the expanded bathrooms for the 2 person jacuzzis. I mean really, how does one live without these things?
For a while now, my daughter has been saying she wants to move back to philly because she misses our 1400 sqft rowhouse. Having a big backyard, her own bedroom, and a playroom isn’t nearly as important to her as being close to her friends. Now that she is making more friends here, that sentiment is waning, but for awhile, her more prestigious, and roomier, address mattered naught to her.
plume (63)-
You know things are bad when the judge resorts to quoting from Adam Sandler movies.
[66] lisoosh
“Brits might share a common language but think VERY differently from Americans.”
Was it Shaw who once said that America and Britain are two peoples separated by a common language?
Cindy,
Nah. Just getting pumped for The Boss.
soosh (66)-
Seems like both cultures are about equally as degenerate, though.
“Brits might share a common language but think VERY differently from Americans.”
[72] CAV,
No, it is simply the judge’s way of saying, you’re an idiot.
Judges at the federal level are uniformly very accomplished, very smart people, who have enormous patience with the ridiculosity that comes before them.
So a bench slap from a federal judge is, to me, a sign that you should sue your law school for graduating such an idiot, and sue the state bar association for letting you practice law.
I have said it here before: 2 things that should be harder than they are, are law school exams and bar exams.
(was gonna slip in a third, something about John’s Johnson, but I like John too much to take a cheap shot at him this early)
[75] CAV
But we have better dentists.
3.16% ten year, locking in only works if we have long term deflation. Yet they are locking and loading.
Boy this site has a funny way of inducing buyers remorse. I’m still confident in my purchase but headed to Attorney Review…its never too late to bail. Lol
Lake Wylie SC. Looks like a nice boating community, golf country club lifestyle and you are only a 25 minute commute to Charlotte.
http://www.trulia.com/SC/Lake_Wylie/
Vic:
http://www.youtube.com/watch?v=NuUpShuC5dY
“If you want to lose weight, don’t eat anything that comes in a Bucket”
Warning -VERY foul language.
He made 120K base. Did some OT to pump it to like 160K and retired at the age of 42 with a 80K a year pension and free medical for life. Sold his junk home for 550K after RE commission and only had a 150K mortgage, bought a 300K house down south and put the remaining 100K into bonds. Wife was going to work part time 20 hours a week to keep herself sane. They only had two kids and that was that. I would shoot myself after two weeks doing what he did.
grim says:
October 2, 2009 at 8:51 am
John,
20 years as a cop? What was his pension payout? My neighbor is bailing and heading to Arizona. He has got 25 years as a sheriff. I bet he could take a walmart greeter job and still be very well off out of Jersey.
John (78)-
Long term deflation is exactly where we’re at.
And, where we’re headed.
I like to make fun of Woody Johnson and his QB Dirty Sanchez
(was gonna slip in a third, something about John’s Johnson, but I like John too much to take a cheap shot at him this early)
Twofer:
http://www.youtube.com/watch?v=JG7Z9lxgBM0&feature=related
How funny, a new article called the End is Nigh, must have stole it from ChiFi and this site.
The end is nigh (again)
The Economist, 3 October 2009, 1863 words ,Unrepentant bears Pessimistic commentators remain anything but convinced by the stockmarket rally ALBERT EDWARDS first made a bearish call on the American stockmarket at the end of 1996. As an investment-bank strategist (then at Dresdner …
Way to bang the interns Dave.
http://www.cbs.com/late_night/late_show/images/content/newsletter/lsnl_5q_dave_stephanie.jpg
Kettle,
“My analysis in It Could Happen Here concludes that without a vibrant middle class, the the American democracy as we know it, is not sustainable.”
Duh. I need a Yale professor to tell me the obvious?
Tytler (a scot, since they are popular today), said as much over a century ago.
And that, kiddies, is why, when push comes to shove, I will favor my progeny over obedience to Titles 18 and 26 of the U.S. Code.
Stealth tax increases. Business Interstate and International Long Distance Charges is going from 2.0% to 3.6%, an 80% increase!!!
Effective October 18, 2009, The Federal Regulatory Recovery
Charge and Property Tax Surcharge, which is applied to your
interstate and international long distance charges, will increase
from 2.0% to 3.6%.
“3.16% ten year, locking in only works if we have long term deflation”
J,
Or a depression.
Bye Bye Toyota?
Oct. 2 (Bloomberg) — Toyota Motor Corp., the world’s biggest automaker, is “grasping for salvation” as it predicts a second straight annual loss, President Akio Toyoda said…
…The automaker is one step away from “capitulation to irrelevance or death,” Toyoda said, citing a study of how companies fail. Toyota has forecast a record loss of 450 billion yen ($5 billion) in the year ending March after the worldwide recession pummeled car demand.
The company has gone through the phases of “hubris born of success,” “undisciplined pursuit of more” and “denial of risk and peril,” according to Toyoda, who cited Jim Collins, the author of “How the Mighty Fail.”…
http://beatbelow.blogspot.com/2009/10/bring-on-your-wrecking-ball.html
BC – Bring On Your Wrecking Ball….
[91] sean
It would be sad, but I have been less than impressed with my last two Toyotas, including the Highlander we just got. The materials have a cheap feel to them, and they don’t have the same feel of well-engineered solidity that they used to have.
In retrospect, I should have gone with the Pilot.
Clot,
What are 15/30 year mtg rates at now? Conforming.
Cindy [93],
Wed show, 3 hr 10 min, 29 songs.
John’s v*agra clock.
Camrys are for losers.
Lisooh (81) and (85) –
LOL! Thanks for that. Had been a while since I had listened to Connolly.
Since we are having fun with race and accents, here is one for you
“Who the hell uses an Indian slave”
http://www.youtube.com/watch?v=1eyXdca-K7U
Lisoosh,
you just made my day with the connolly link.
never heard hi before but am now immensly amused.
I found this one quite amusing myself
http://www.youtube.com/watch?v=mdNqUW5wwTE&feature=related
i’ll take the 2 w(hores) plz.
BC or anyone else going to the show tomorrow, I will be tailgating in Lot 5 around 5 PM tomorrow.
Map -> http://www.njsea.com/sharedimages/parking_map.pdf
Just post here if you want to meet up for a beer and I will put up the parking spot info.
“Veto – didn’t want to upset you. Brits might share a common language but think VERY differently from Americans.”
Lisoosh, not at all, i understand better where you are coming from now.
I agree about the huge cultural differences – my sis recently married an brit englishman and i notice his whole family dynamic is unlike i’ve ever seen in america – seems cold to me but its just different.
Despite this, someone recent told me that “there is absolutely no difference between and irishman and scotsman, except in a bar fight.” ha.
Claiming to be american says little, so i do find ancestry to be important. One day the EU will be one country and then all these cultures will be lost. Funny, the US census includes ancestry questions and claims something like 9% from English decent, but they asteric that to say that its probably much larger but most americans lost touch over the last 100 years and can no longer identify their origins. Thats the other extreme but i think that is worse.
Your right, a whole can of worms. Some other time we can pontificate.
Who knew the word Scotch could provoke so many posts… ;^)
Sean,
Possibly. I am trying to get into the pit. If successful, I have to be at Gate B at 4:30. If I miss you before, I’ll stop by after the show. Lot 5, what letter?
You’ll be able to spot me. Just look for the guy with a new outfit from A&F.
Good riddance to those posers in the article and anyone else who can’t hack it in NJ.
We should all feel privileged to pay 10k a year in taxes for a pos cape/ranch/split we bought for 500k so we can have long commutes, deal with road rage and crazy drivers on a daily basis, corruption, and an anti business environment. Who cares if the worst houses in a good town list for 5 times median income. You got to pay up for quality you know.
/off sarcasm
They made 2 mistakes. they bought a mcmansion and moved to SC.
#101 Just wondering about the floor sections. I was in the upper deck in 310 with a great view and I saw two sections on the floor which were definitely separated. What’s the difference in price between being in the first section close to the stage and the second sections on the floor?
#97 – Vic. I have tears running down my face. That guy is hysterical.
“Do I look built for physical labor? Give me a calculator, I’ll do your taxes.”
re: #101 BC Bob one of our group is also trying to get into the pit. I may send him with you if we meet up. Don’t know the letter in lot 5 yet.
“they bought a mcmansion and moved to SC.”
Bairen,
My older brother went to ND. I was visiting him, South Bend, for a basketball game, South Carolina. Their nickname is the Gamec*cks.
Great sign from the hicks;
The Irish can’t beat our C*cks.
Sean,
Get my email address from JB.
Ket. Welcome. Enjoy.
#106 BC Bob
You gotta love that sign. Were there banjos on it also?
More profiles of NJ refugees:
http://mycentraljersey.com/apps/pbcs.dll/artikkel?NoCache=1&Dato=99999999&Kategori=SPECIAL11&Lopenr=90930074&Ref=AR
The folks in this article appeared to be everyday blue-collar, low to mid level white collar, or small business owners. If I left my parents would kill me for taking their grandson away, but when they retire (and get out of NJ) in a few years all bets are off.
Veto – Actually I think Americans hold on to their ethnic past too much. Prevents the building of a joint future. From the outside, they are clearly identifiable as Americans, why not just own it?
I don’t think the EU will homogenize quickly either. The Brits self identify with cities for goodness sake. France is the same – Parisienes are a world apart from say the people of Toulouse.
mac 110
If I left my parents [in-laws] would kill me for taking their grandson away, but when they retire (and get out of NJ) in a few years all bets are off.
My exact same albatross/dilemma.
Hell, I’m getting grief for looking outside of the F’n county.
sl
lost,
?
sl
“Americans hold on to their ethnic past too much. Why not just own it?”
To simplify, I agree – depending on the situation and i think most americans do this in many circumstances. But there is way more to this… right? Maybe one day we can break it down.
Right now, im more focused on a pending market crash than my own heritage… But son of a gun, we might actually get a rally out of the attrocious unemployment numbers. If such rediculous does occur, let the record show that Stu called this phenomenon first.
[96] john
Several years ago, we had a camry LE, with the 6 cyl. We got lucky as it was a very well made car and really performed well. In fact, it performed amazingly well and I found myself wondering if I didn’t get a higher-end car that was mislabled.
And with that 6 in what was a very light car, it really hauled. Scary how well that car got off the line and I was impressed at how smooth it was at high speeds.
In fact, it outhauled my audi, and I made my fair share of lexi and beemers move over. Sorry if you didn’t appreciate getting beamed by me to move over.
Maybe I got the anti-lemon of camrys. Can’t say. But if I still had that car, I don’t doubt I would have any trouble keeping up with you unless you rented a Countach for the day.
[89] sean
Haven’t you been listening to our Dear Leader? It isn’t a tax increase. It is something else. You are a victim of confused thinking.
Now get with the program and take a hit of the hopeium.
grim says:
October 2, 2009 at 7:31 am
“we didn’t want to buy a McMansion in nj and live above our means.”
so we did it in SC instead.
Amen. You can’t fix stupid. They lowered their debt by a whopping 69k to buy in a market where, more than likely, their household income will be less than half than it was in the NYC burbs.
18. Kettle1 re:re-urbanization. We see it here in Trenton. Ride/walk to new transit center. Obama money to revert Rt.29 to waterfront park. Retrofit old but well-built housing stock with property taxes well under average (for the state anyway.) Check this place out:
http://tinyurl.com/yeg7krb
Chicago out. Blow to Obama prestige to be determined
Camry is a good, reliable commuter car. As a matter of fact, for people who have a long commute to work and put on a ton of miles Camry is your best bang for the buck.
That being sad I hope I never get cought dead in a Toyota Camry.
As far as speed is concerned. There is nothing fast about a 6 cylinder and 194HP engine. I don’t care if Enzo Ferrari makes it.
Get a 2010 CTS V Series!!!! SMOKE IT BABY!
Comrade Nom Deplume says:
October 2, 2009 at 11:14 am
[96] john
Amen. You can’t fix stupid. They lowered their debt by a whopping 69k.
Grim,
Spot on. These people want to live beyond their means it’s just that they can project a higher degree of wealth in SC then in NJ while living above their means.
I inherited my wife’s 1996 Camry mint condition with 35K miles in 2000 and drove it to train every day until 2005. Sold it with 44K miles on it. My wife said it is a good everyone in town knows you are married as they will just assume you borrowed your wife’s car otherwise they would think you are gay.
make money says:
October 2, 2009 at 11:32 am
Camry is a good, reliable commuter car. As a matter of fact, for people who have a long commute to work and put on a ton of miles Camry is your best bang for the buck.
That being sad I hope I never get cought dead in a Toyota Camry.
As far as speed is concerned. There is nothing fast about a 6 cylinder and 194HP engine. I don’t care if Enzo Ferrari makes it.
re: #119 – I’d rather see Brazil, the opening ceremonies are bound to be spectacular.
#110
From the leaving NJ article:
“Since New Jersey charges no tax on gasoline”
Fact checking once again falls by the wayside.
NJ taxes gasoline, albeit at a rate less than many other states. When did our journos become such retards?
asking prices for the most part are still at joke levels. went to an open house last weekend priced at $850k. People bought the place in 2001 for $575k and did nothing but add a shed in the backyard and paint the interior.
When I asked the realtor what justified this house being priced almost 50% above what they paid in 2001, she said I don’t understand your question. I said they paid $575 and are asking $850. They have added nothing of value to the place in the 8 yrs they’ve lived here. How do you justify the price? She still didn’t get it.
Get a 2010 CTS V Series!!!! SMOKE IT BABY!
John,
This car is being made by Omama. How good can it possibly be?
Funny you should mention that I once had a client out in NJ in middle of nowwhere. Had to leave for work every day at 5:45 am to hit belt before it became totally backed up. Anyhow it was like a 1,000 mile a week commute I did for two week. After a few days I saw the same set of fools who lived in LI and worked in NJ. Camry’s Accords and Taurus were the overwhelming choice of people who drive 1k a week to work. Cheap to buy can go 200K easy and cheap to fix.
make money says:
October 2, 2009 at 11:32 am
Camry is a good, reliable commuter car. As a matter of fact, for people who have a long commute to work and put on a ton of miles Camry is your best bang for the buck.
That being sad I hope I never get cought dead in a Toyota Camry.
As far as speed is concerned. There is nothing fast about a 6 cylinder and 194HP engine. I don’t care if Enzo Ferrari makes it.
Chicago and Tokyo Eliminated From 2016 Olympic Consideration
this blew up in our someone’s face didn’t it. It’s jobs jobs jobs stupid.
3.9 zero to sixty top speed of 200mph and seats five. Heck at 200mph you can drive to florida in less than five hours.
make money says:
October 2, 2009 at 11:38 am
Get a 2010 CTS V Series!!!! SMOKE IT BABY!
John,
This car is being made by Omama. How good can it possibly be?
John (123)- Same can be said about the Pilot. Nothing says Soccer Mom like that car.
I had two Maxima’s that were pretty nice cars. I would buy one again but I like SUVs. Nissan even marketed the Maxima as a ‘4 door sport scar’ years ago.
263,000 jobs lost. When does that hope and change kick in? Small to mid-size companies can’t borrow, they can’t hire so I suppose when we reach a flat line MOM report then we will consider it a robust economy? Why do I keep hearing that we’ve turned a corner? What corner and where are we headed?
3.9 zero to sixty top speed of 200mph and seats five. Heck at 200mph you can drive to florida in less than five hours.
I know the numbers however, how many recalls fo you think they’ll have and what is the percentage of lemons being built?
Driving at those speeds you need to have faith in your car. Its all about precision handling at thsioe speeds. You just can’t control a car that can’t control itself. I don’t have any faith in a welfare corporation.
They figure out all thier mistakes by the people who end up under a trailer and in the ditch.
I’d rather buy 30 treasury bonds. At least I’ll still be alive to tell the story.
I’m not trying to be doom and gloom here but I gotta be honest; I can tell you that the IT industry consists of temp help shipped in from offshore at rock bottom prices. The Auto industry is dead, manufacuring is a long memory, the financial industry is beginning it’s offshore transition so what are we left with?
ya, right they going to reurban trenton
city was finished many years ago.
its a do over start in North Trenton
a bull doz if the states don’t guard
the ball park they take it to the ground.
John they are selling less than 4k of those cars a year, don’t know how long it is going to last under govt motors.
i guess they did not go for Barry’s pitch. was like trying to drag a dead animal to the truck
I drove a 2008 STS and CTS with the bigger engine not the V series. I had a chance to buy a 2007 STS V Series at the auction. My wife finally convinced me why do I need a 200mph car to get the one mile to the station? I told her I could drive one mile in under 20 seconds at that speed, she was not convinced. I then told her about the big back seats and I can easily have all three kids back there. Once again for some strange reason she thought cars seats and a 200 mph car is an odd mix. Women really don’t get it sometime.
Anyhow when I drove it I had a cool GM guy who let me drive it up to 60 and do turns with one finger. The guy even had coffed with him without a lid, the CTS/STS is like riding on rails on turns. I also took out the DTS, OMG what a POS, felt like an old boat on road. I asked who the heck buys this thing, was told warren buffet has one and it has the best back seat and since warren has a chauffer he only cares about the nice backseat. I guess if I had realy coin I would get a 2010 DTS and hire a driver.
#111 We hold on to the good things, simple as that.
Plus as much as they might laugh at us, we laugh right back at them. As so many who claim that because they were born there, only they can be Scottish/Irish etc, but try awful hard to be and act like Americans. Ever listen to them using American slang? It is hysterical. My point is it works both ways,and they should stop being so uptight.
If it were not for American interest in the old traditions,many of them would have died out, in the very same countries who claim only they can be Scots/Irish, yet at the same time imitate and copy everything American or English.
Here’s an idea, why not take every penny of that “stimulus’ money and invest it in small companies giving them every incentive possible to expand and ultimately hire. A new hire means new tax revenue as well we someone who is more likely to consume and generate profit for another. Why is this concept so difficult to understand?
“I inherited my wife’s 1996 Camry mint condition with 35K miles in 2000 and drove it to train every day until 2005.”
J,
Did you dare drive it to the dentist? Can’t imagine the abuse you have received from the 200K policeman and 150K teachers.
I may buy a 1995 Corolla and drive to your next recession is over bbq, Mem Day, 2010. If I leave drunk and crash it, I’ll just pretend to be the piano man.
140.
then you’ll have the making of a small business bubble. The only true answer is to shrink gov’t and lower taxes. Period.
“What corner and where are we headed?”
Gary,
The corner leading to the dead end street.
“Why is this concept so difficult to understand?”
Gary [140],
Actually incomprehensibile. In your scenario, what’s on the table for the master, GS?
Great post freedy. Might be good not to start drinking before noon.
http://www.broadstreetbank.com/apartments/
in trenton, right its another overpriced
pit in a rats nest of a city and you know it. take away the state, whats left.
olden ave. its a third world city.
gary xan@x says:
October 2, 2009 at 11:49 am
I’m not trying to be doom and gloom here but I gotta be honest; I can tell you that the IT industry consists of temp help shipped in from offshore at rock bottom prices. The Auto industry is dead, manufacuring is a long memory, the financial industry is beginning it’s offshore transition so what are we left with?
———————
Absolutely correct – I see it more and more every day.
Freedy,
Are you pesche?
Re: Trenton, the Cadwalader area has some gorgeous homes. Problem is: they’re in TRENTON.
no im barry o
meter,
So the question begs: How does one transfer an IT skill set in a corporate enviroment to another industry?
cadwalader is years ago in another era
today forget it, take your life in your hands. W.state street,, same thing
use to be upscale
meter: check Mill Hill downtown among others. Pockets of development popping up too. Not saying it’s there yet. Just saying there are signs of life.
http://www.trentonmillhill.org/
freedy: you bring so much to the conversation.
freedy: another era. Like last week?
http://www.dathil.com/cadwalader/index.html
“The only true answer is to shrink gov’t and lower taxes. Period.”
Make, isnt this what GW did?
yes, im moving up to bellvue ave. wonderful
Veto,(155)
GW never shrank gov’t. Where do you live?
“no im barry o”
Freedy,
You must be related to pesche.
no related to grim, ask him
gary xan@x says:
October 2, 2009 at 12:24 pm
meter,
So the question begs: How does one transfer an IT skill set in a corporate enviroment to another industry?
—————-
I don’t think there is a clear career path there, given that almost everything – and I’m not trying to be hyperbolic here – is being offshored.
I’ve been told Americans with IT skillz can do very well in Singapore, but I don’t know how reliable that is.
Maybe they shoud have sent Roubini?
“The Chicago bid had plenty of homegrown firepower, from Oprah Winfrey right on up to Obama and the first lady, South Side native Michelle Obama. All were in Copenhagen ahead of the vote and the first couple gave presentations to the IOC earlier Friday”
http://msn.foxsports.com/olympics/story/10158214/Olympics-decision-stuns-thousands-in-Chicago
And forget about the salaries. Those 80K to 100K level IT jobs for guys in the trenches are gone… forever! Reduce that amount by 50% and count your blessings. The big thing now is landing a full time gig with ANY health insurance. That’s the new benchmark for lucrative benefits and if you think you can’t or won’t be affected, think again. We are facing a combination of de-leveraging and the inability to borrow and expand. It’s a recession on steriods… or is that simply a depression?
meter,
I’d rather be laying dead in the gutter at East 4th Street and Avenue D than be living in Singapore. Just saying. For arguments sake, if one is bound to be living in the NYC/NJ area, then how does one transfer into another industry?
Any slots available in the freezer for the CNBC quacks?
“Workers at a cryonics facility mutilated the frozen head of Hall of Fame baseball player Ted Williams, the author of a new book alleges.”
http://msn.foxsports.com/mlb/story/10154142/Report:-Lab-abused-Ted-Williams'-frozen-head#
“It’s a recession on steriods… or is that simply a depression?”
Gary,
It’s a bridge between Japan and 1930. Only question is infrastructure costs.
[125] hubba
When they stopped calling politicians on things like this from Corzine, which CNN dutifully parrots:
“Corzine said studies show population has actually grown in New Jersey and that once the recession ends, employment will rebound because his administration has created a pro-growth environment with education policies and the state’s transportation network.
The governor also argued that he can’t be blamed for New Jersey’s tough economic situation.
“Mr. Christie and Mr. Daggett both are pretending that New Jersey is somehow suffering more than the nation or the global community with regard to economics,” he said.”
i’m getting a feeling of depression , gary
rio,, gets it
hurry
[123, 128] John
I think you might be laboring under the misperception that I give a damn what other people think of what I drive.
That said, I had a smokin’ camry. Don’t know if it was a fluke or not, and I got a car that was far better than design intended, but I preferred driving it over my audi, and that was when I still liked the audi.
#151 gary
“So the question begs: How does one transfer an IT skill set in a corporate enviroment to another industry?”
Just load UTF-8 … :*)
#166 Yet again, CNN shows they’re in touch with the NJ voter. Oh, and housing is on the rebound!!!
1. Brits are tossers.
2. The Northeast is in decline much more than the rest of the country. Leaving the area does not seem like a dumb move long term, even if short term benefits are minimal.
so rio won olmpic bid with one of the highest murder rates in the world!!!
I am sure you can use your skill set in many places. I don’t know why you need a four year degree in IT as you only have to memorize three sentence.
1) Did you re-boot?
2) Try hitting control, alt, delete.
3) I will get my supervisor.
PGC says:
October 2, 2009 at 12:57 pm
#151 gary
“So the question begs: How does one transfer an IT skill set in a corporate enviroment to another industry?”
Just load UTF-8 … :*)
You can complain about the problems NJ has such as their anti-gun, anti-middle class, anti-personal responsibility attitudes and say that it is no better than a 3rd world country. I can not agree with that. Yes, this state has big problems with no end in sight, but my house, family, job are all here. I have been to other states and have not found anything that offers me what I have where I live now. I rather live in my lower middle class town (a town that 99% of you would never even consider living in) than in the Carolinas.
Yes, there is diversity in the school systems where I live. Good. That is life. Most of you want to shield your kids from reality and subscribe to this myth that it is the school system that raises good smart kids.
With all this car talk I just have to say, one of the saddest things I ever saw was a Merc with AMG on the back and an auto trans on the floor?
I bet the owner starred in Mursehunter.
“Oct. 2 (Bloomberg) — The number of U.S. lenders that can’t collect on at least 20 percent of their loans hit an 18-year high, signaling that more bank failures and losses could slow an economic recovery.”
Should the same “successful” stress test, performed on banks, be administered to John Q?
“There are some zombie banks out there,” said Bert Ely, chief executive officer at Ely & Co.”
Is this guy a regular on this blog?
http://www.bloomberg.com/apps/news?pid=20601103&sid=aXZinRhF5tlA
“GW never shrank gov’t.”
I guess that depends on how we measure the size of govt – grew military, reduced social programs, Amount spent, etc. But from what i remembered, his whole campaign against Gore was to reduce the size of govt. My impression was that he was all about free markets and low taxes and smaller govt.
Anyway, my point is that we may have actually needed more govt influence to regulate the out of control free market run up to the crisis.
Clot, BC, Veto et al
Some unemployment # pron for the blog.
Oct 2009 unemployment update
http://www.scribd.com/full/20538016?access_key=key-1sdnmbw086vjndenuss
yes, the schools ,, taxes,,its for the
children
In other south american headlines:
“Venezuela Completes Seizure Of ConocoPhillips Gas Stake”
Got a fist bump for your buddy Chavez BO?
Those charts are scary Kettle,
look BO will be on scene soon to work out
a feeder deal ,, Miami direct
Veto,
check your mail another chart for you.
OIC saw though Omama and his BS. One day Americans will view the messiah with the same lense. Until then Americans will call each Sunday for their Unemployment checks.
Let’s see:
Kids beaten to death in the street by hood rats; a governor who was on the take; countless city and government
officials convicted of graft; a mass transit system that is a joke; bad weather; no casinos…Why was Chicago even in the final four.
Gary
I’d offer to trade you my job for your x@n@x but someone just threatened my pay so I don’t think its worth it for you.
sean 80 – my cousins live in Ft. Mill SC and Tega Cay SC..they love it. Charlotte traffic is a pain…i personally do not think I could live there.
[175] I agree with your view to a point, although some school districts are too messed up and I do think need to be avoided. What town do you live in?
six for one looking for jobs, thank you
Barry ,, i thought he was going to
create jobs…
hello,
Kettle [179],
Makes early 90’s appear to be a walk in the park.
Remember, Bergabe in 2006; “No contagion.”
Well we have had 21 straight months of job declines, over 7M job cuts since the onset of this decline. Eliminate b/d chicanery and there is another 1.5M cuts. U-6?
Can you imagine the net result once there is contagion?
freedy,
Barry has given everyone hope and change, what more do you want?
barry will appear on behalf of Corzine.
lets see ,, Elizabeth, Camden, Trenton,
Rutgers, or Teaneck,, go for the BC vote.
And Michelle is doing her part as well: 30 servants, private charters, $500 sneakers and $700 hand bags.
BC
real U6 is over 20% now. comparing recent total non farm trends with U6 and you can see substantial “deviations” that strongly suggest to me blatant manipulation.
without it U3 would be close to 12% and U6 would be about 21%
Reminds me of when my nancy boy friend bought a vette with an auto tranny. The vette gives you a pretend stick with the auto so it kinda looks like a stick. My buddy had many a date where he pretended to shift by going to neuturl to first to low etc. so he wouldn’t look too gay.
PGC says:
October 2, 2009 at 1:03 pm
With all this car talk I just have to say, one of the saddest things I ever saw was a Merc with AMG on the back and an auto trans on the floor?
I bet the owner starred in Mursehunter.
Gary: Barry’s appearance will be to stimulate small business.
freedy [196],
Once “headline” unemployment hits 10% watch Barry lean on the Treasury, smack the dollar. What other options are left? Pay us to borrow or penalize savings?
175 – True, some schools are just rough and tough like Bergenfield and Hackensack. I would not send my kids to those schools. As long as you aren’t getting beat up you can succeed in a school. As far as the town I live in, it is in Southern Bergen County. I am originally from Northern Bergen County, so it took some getting used to, but I like Southern BC much better now. My heart is still in the Ramsey/Mahwah area, but it is much easier to live closer to where the job is. Family time more important than commute time.
#190 And yet there are those who still believe that housing prices willnot decline any more, but will in fact rise, and our area is somehow different.
#198 I thought you were a River Dell boy?
Wow talk about overpriced.
GENWORTH GLOBAL FDG TRS 5.37500% 09/15/2011 FR
Price (Ask) 101.900
Yield to Worst (Ask) 4.341%
I bought this bond on 11/13/2008 at $0.53 and I don’t see what deserves an almost 100% increase.
3b: Yup, I lived in River Edge and graduated from RD. I have also lived in Ramsey, and New Milford previously. My favorite town is Ramsey.
200: Yup, lived in River Edge, Ramsey, and New Milford also.
BC Bob [197],
“Once “headline” unemployment hits 10%”
A fuck1ng meteor can strike the earth and “headline” unemployment will not hit 10% according to King Oblama and his toadies.
meter,
I’d rather be laying dead in the gutter at East 4th Street and Avenue D than be living in Singapore. Just saying. For arguments sake, if one is bound to be living in the NYC/NJ area, then how does one transfer into another industry?
———–
That’s the 1/10th of a million dollar question. I don’t have any answers as I’m sort of in the same boat. I’m still gainfully employed, but any time my office phone rings and it’s an unfamiliar internal number I shudder.
I just got back from Rio de Janeiro just in time to hear the CNN announcement on airport TV that Rio won the 2016 Olympics!
The city have built a huge stage on the beach at Copacabana. They were guaranteeing a massive party, win or lose.
Invest in Rio property NOW!
Wonder if you can get a no-money-down IO mortgage without documentation there?
The previous message brought to you by the newly created Brazillian subsidiary of the NAR.
Every AMG model made after 1990 or so has an automatic. Manuals aren’t available.
163 Gary,
I just had this conversation this past week with a guy who wants to transition from the business to IT. Whatever the transition, to do it right will require you to take some time with it. Think of it in resume terms. What job do you partly qualify for that gets you closer to your dream resume at your dream (non-IT) job? Depending on how different the job is from what you currently do will give you the time it takes to make the move. Find a new job that may be close to what you used to do but has some of the qualities of the dream job. I will call this a “transitional job”. Leverage what you have done in this new job for the next job that is that much closer to your dream job. It may take you 2-4 moves to get close enough to your dream job to land it but each move will get you closer while slowly adding to your “perfect” resume.
This topic is close to my heart because I kind of did this exact thing a few years ago. I was a market data monkey for one of the big banks and wanted to get out of it. I had reached literally the top of the pay scale and I didn’t want a career in MD management. I decided to do two things, go back for my MBA and also do my best to switch jobs at my firm. I convinced a hiring manager to take a chance on me for a business analyst position and then worked my butt off for an MD in the project management division who then hired me a year later as a PM. Once I had enough on my resume for a true PM job I took to the street and got a IT development PM position at another large firm. All in all between school and the new job it took three years of planning and action but it worked. Market Data is but a memory (I was in it for nearly 10 years right out of college). Every little jump should in some way add to your resume to get you closer to that dream job. Be it in the same firm or a new one, each move gets you that much closer to your dream.
One of the issues with what I just detailed is that everything is changing so fast these days. What may be a perfect job in year one may be a dead end in year 3. You have to have some faith and luck and put yourself out there.
Gary,
About trading on your IT experience…
I work as a sales engineer for a software company that is based in the US, but not really.
We have to mix our IT development resources for configuring and customizing or we would lose every deal on cost. We use Indian developers for most of the mundane work with more sensitive intellectual property and higher skilled work going to Europe and even some in the US. When we really hit the implementation pricing pressure we up the mix of Indian resources. This is the sad reality of this global labor market, especially when your product can be zipped and FTP’d anywhere in the world in seconds.
A couple of IT-related careers that will never be off-shored are sales and project management. Never. But you must be willing to travel a lot for the former (sometimes nice places like Rio de Janeiro, other times like Alberta in January), and to be on the customer site for extended periods of time with the latter.
This weeks recap:
RE is worse then expected;
Jobs worse then expected;
Dollar is in the tank;
Fiday @2:26 PM DOW is sporting a good old greenshoot.
Only in America.
#207 – I was a market data monkey for one of the big banks and wanted to get out of it.
Triarch/RMDS, Wombat or something different?
Tosh,
A little bit of Triarch/RMDS on the back-end but mostly front end support -> Reuters 3000, Bloomberg, Reuters Plus, Thomson One, Dealing 3000, etc.
From Zero Hedge:
http://www.zerohedge.com/sites/default/files/images/BLS%20Table%20B.jpg
“The preliminary estimate of the benchmark revision indicates a downward adjustment to March 2009 total nonfarm employment of 824,000 (0.6 percent).”
At least there was one sector that showed strong gains in job growth. Oh wait…
#211 – Mike NJ – Ah, I fully understand. I used to do MD floor support at a number of places and now do back-end RMDS, Wombat and SRTech support (much nicer). I’m still looking to get out though.
#208: ACS (to soon be part of Xerox) has moved (or is almost done with the process of moving) its IT PM staff for its ITO accounts to Mexico.
I should rephrase that. The jobs are moving, not the staff.
IT sounds like a great career, almost wish I was Russian, Asian or Indian.
John, IT isn’t a “career” anymore.
[177] BC
Bert is a regular, but not on this blog.
I know Bert and he is a fixture in DC bank regulation circles. Something of a gadfly, he always asks the first question (and the first follow up) at every event where banking regulators are present
It just hit me. Just now. I finally figured out the difference between the Western approach to figuring out technical problems compared to the “offshore” or “outsourced” way of thinking. I’ll give you an analogy: If a murder was committed, the western approach would be to analyze just the facts pertaining to that specific case or an attempt to gather those facts. If a knife was used for example, just the research based on using a knife as a weapon would be used; the angle of entry, the depth of wound, etc. The “offshore” approach would be to learn as many aspects as possible as to the manner in which a murder can be committed. Period. The reason I say this is because time and time again I see document after document being created in an attempt to bookmark every possible scenario whereas the most logical approach would be to handle each individual case as it occurs in the essence of time and expediency. Attempting to chronicle and analyze every possible outcome is both extremely time consuming, exhausting and futile.
The reason I brought this up is because my “offshore” managers (ahem.. ) want me to practically read and study over 20 runbooks (page and pages of specification docs) whereas I explained that it would be more advantageous to handle the issues as they arise and not attempt to predict what is going to happen beforehand. Anyway, I think you get the point. Geezus… I need to go back to the unemployment line, my brain is attempting to analyze again!
Indians are Asians, but we know what you meant.
Not really, Asian Pacific Islanders are what we call the chinks, a little differnt than the injuns
And thank you all for the career move advice! :)
The problem as I alluded to in an earlier post is that IT is changing so quickly it literally makes your head spin. I can see the same sort of changes on the business side now though as business cycles move quicker and quicker. All I try to do is to learn as much as possible about as many lines of business as I can (in addition to IT). If I had to move into the business side for PM I think I could without too much effort. One thing my MBA was good for was to teach me that you can never turn your back to the competition. As Mickey used to tell Rocky, “You always got to keep those feet moving Rock”
#219 gary
I see document after document being created in an attempt to bookmark every possible scenario
Where I work, US managers ask offshore personnel to create these runbooks. It’s part of the contract as recommended by the consulting dimwits at Everest/Gartner etc.
The idea is, if runbooks exist anyone can do it.
Which, of course, is BS.
The idea is, if runbooks exist anyone can do it.
Which, of course, is BS.
It’s really for managers to hand around to each other to assure themselves what they are doing is important.
Look at how much stuff my dept. does! You can’t fire me!!!
Stupid tag
syncmaster,
My US managers aren’t from the US. They are from everywhere else but here. Not that there is anything wrong with that, I’m just saying. I get along with everyone but the thought process or approach is different, that was my point.
#225, I’m sure. Some of the runbooks I’ve had the displeasure of having read have been overly verbose exercises in inanity.
#227 gary, my IT managers are all born and raised in the tri-state. Same crap applies. This is the stuff they teach them in their ‘leadership forums’.
#229 – This is the stuff they teach them in their ‘leadership forums’.
Are these the same type of managers who really know nothing on the technical side?
The bottom line is I’m done with the corporate mentality and perhaps IT in general.
#230, yup. Either they know nothing OR they used to be technical 30 years ago and like to tell tales about sticking cards and waiting for something (??). I entered the IT workforce in 1999 so have no idea what they’re talking about.
We do have a few techie managers and they’re ok but under pressure from their superiors to “manage their staff” to “facilitate” the creation of runbooks :)
#231 – I’ve been saying exactly the same thing, with increasing frequency this past year.
#232 – I prefer female IT managers. Most that I’ve encountered don’t understand the technical side, but the know they don’t and won’t interfere, constantly second guess or try to establish pack dominance.
It’s really for managers to hand around to each other to assure themselves what they are doing is important.
Look at how much stuff my dept. does! You can’t fire me!!!
Surely, you are not talking about the “ultra efficient” private sector here, are you? The government must be responsible for this in some way, if we think about it hard enough.
When an entity gets too big, govt or private, it pretty much behaves the same way, IMO.
#235 – Vic – When an entity gets too big, govt or private, it pretty much behaves the same way
I like the free market and believe in it, but you are exactly right.
I used to think that US banks were monstrous bureaucratic behemoths (they are; then I experienced a Japanese IB. Honestly, we are pure amateurs compared to their mess.
“The bottom line is I’m done with the corporate mentality and perhaps IT in general.”
Gary,
Let’s open a bar in JC?
I may harken back to my ethnic roots and open a Blimpie’s.
BC Bob,
Amen, my brother! Right on the corner of New York Avenue and Congress Street, the original site of the “Full Moon Saloon!”
BC (148)-
Freedy is Pesche lite.
Conforming mtg rates, 20% down, perfect credit could be 4.8% to 5% with the right lender.
Anyone who started work in 1999 doesn’t really know much about business. I recall my first day on wall street in 1986 the guys in accounting said the kids today with their fancy adding machines with printer tape and electric cords don’t know nothin about math. They were right, adding up numbers with those huge old adding machines where you pulled a lever and had no tape to check a mistake was hard. Even when Louts 123 came the formulas were a bear. Plus with everyone smoking two packs a day and the windows shut OMG after 12 hours I was loopy. Wow 1999 you can push a buttom. Those upper level guys and gals got promoted pre diversity, employer of choice, voice mail, email, telecommuting back when you got a stream of F words yelled at you and a boot out the door for F’ing up not like today. If you worked for me today I would treat you like a little nancy boy and we would hold hands and sing koombaya. Back in the day when spitting in your bosses face, fist fights, rolling on the floor, tackling a worker was all part of a day in the office lets see how you do. My favorite hole was shearson the clerks ask how come operations don’t have air conditioning and senior management said you don;t see no air conditioning at the monkey house in the bronx zoo either. Oh those were the days. Corporate America started its downhill climb around 1989. I still love when old Joey G at Hutton was asked to stop smoking three packs a day next to Gina cause she was pregant and Joey said F no I aint the one who knocked out her box. Hutton was also up there where I saw a clerk cold cock the supervisor, little shrimp lost hearing in his left ear. Hutton fired both of them on the spot the clerk for cold cocking him and the supervisor for being such a jerk that someone wanted to cold cock him. Well I guess he got off better than the guy who had a “bag party” thrown for him. Those were nasty.
syncmaster says:
October 2, 2009 at 3:24 pm
#230, yup. Either they know nothing OR they used to be technical 30 years ago and like to tell tales about sticking cards and waiting for something (??). I entered the IT workforce in 1999 so have no idea what they’re talking about.
We do have a few techie managers and they’re ok but under pressure from their superiors to “manage their staff” to “facilitate” the creation of runbooks :)
BFF Friday! How many millions (billions?) go to money heaven tonight?
Gary,
If you want to get out of corporate culture, the only choice to go into business for yourself. Being in business for yourself requires that you essentially work two jobs. Job one: drum up business. Job two: Do the work. If you are very successful you can hire someone else to do the work but this is difficult in the first few years and may never happen at all.
Self employment = working two jobs with the possibility of earning only for one, getting double dipped tax wise and paying out the wazoo for healthcare
corporate job = working one job but putting up with soul destroying passive aggressive corporate culture. At least you get benefits with the later.
then of course, there’s always that music career and exploring your creative side with cartooning. Yep
#242 – You could go ‘off the grid’, not really for most tough.
244. true, or sell it all for a little shack in the islands, pick up bartender work. Really, not half bad if you don’t have kids.
#245 sell it all for a little shack in the islands, pick up bartender work.
I have no kids and boy is that tempting.
Keeping up with the Jones….Is Passe. IMHO
#240 Why bother with that when there is FHA, 3.5 down, and all are approved!!
Barbara,
What benefits? It’s all consulting now, they don’t hire full time any longer. No health insurance, no savings choices other than you’re own if you choose, pensions go by way of buggy whip and if you get sick a day or have to leave early because your kid puked in school, you don’t get paid. You’re a hired drone that they stick in a cube with three other people and there’s not one aspect of a personal item existing to confirm that anyone is human. No family pictures, no cartoons from the Far Side, nothing.
IOC knows that by 2016, Chicago will resemble Rio right now.
gary,
my mistake I forgot that you were contracted.
Cause you can only get a tiny mtg with FHA.
3b says:
October 2, 2009 at 4:22 pm
#240 Why bother with that when there is FHA, 3.5 down, and all are approved!!
175. I agree with you entirely. 100%. But in six years –I am heading to Switzerland dammit. I wanna board the Alps.
IT work = 21st century slavery
IT work = 21st century slavery
Close, IT work = 21st century factory work.
I don’t know enough about IT to suggest to gary what it could segue into. I know that stuck feeling and its the worst.
“Keeping up with the Jones….Is Passe. IMHO”
Essex,
Spot on. Who would want to keep up with the Jones? They’re going in reverse.
Clot [240],
Thanks.
#252 Over 400K I believe, that should be more than enough.
Why stop at IT work. Any kind of corporate work is slave work. ie..waiting for the direct deposit to come in to pay the outsized mortgage, car payments etc etc
Bottomline, if you are raking in decent dough with little expenses, it doesn’t feel like slave work anymore, regardless the type of profession.
“IOC knows that by 2016, Chicago will resemble Rio right now.”
Clot,
Maybe not?
http://good-times.webshots.com/photo/1129081327039217872xModmo
Barbara,
Somehow, just knowing others have been there seems to ease the pain! :)
Gary #219,
You nailed it right on the head with that post. When I deal with guys in Japan they want to spend more time ‘analyzing’ everything under the sun, when it should take all of an hour to fix the problem. It drives me crazy.
#219
Unemployment line is a lot easier. The check gets mailed to you while you are sipping pink lemonade in the some cheap island
263.
TomS
you made me think of an interesting biz. IT guy in business for himself: helps small businesses with their computer woes, charges reasonable flat fee to instill git er done confidence and return business.
or, open a bar and charge the cheapest drinks in town. Undercut the competittion and let the sad sacks marinate all day in your bar.
#265 – I’ve known people who have done that. It can be a good, if you nail some decent clients.
You are always on call though, for everything they perceive to be IT related. No pawning it off on the networking group, or saying ‘The OBDC drivers failed, call the DBAs’.
Undercut the competittion and let the sad sacks marinate all day in your bar.
There you go. You could be helping the next Bukowski!
Tom,
Better yet, let’s open a conference call at 5:00 PM or 5:30 PM to determine when everyone can dial in to determine who is working on the problem so we could setup another conference call at 10:00 PM for a check point so that we can see if progress is made. If not, we’ll have another check point at 12 midnight and waste 40 minutes to determine if the next conference call should be at 6:00 AM or 7:00 AM before everyone comes back to work.
268.
Gary is in a Terry Gilliamesque nightmare
Oh, and take your jacket off, even though it’s 5:45 PM. We have to start working on the spreadheet of issues. The manager wants us in his office in 5 minutes. But wait, he’s still on a conference call, so we’ll have to wait until he’s done.
Clot-
BC beat me to it, but here’s more evidence…
http://online.wsj.com/article/SB125450220134059841.html
Check out pic #5
#268 – I just shuddered, you’ve described a large portion of my waking day.
Do you want me to de-prioritize my current action items until you advise of a status upgrade?
And BTW, I get 1500 to 1700 emails daily. Yes, literally. I’m in multiple email, monitor and systems generated groups. Gee, don’t miss that ONE email that came in at 2:37 PM, it was a real show stopper!!
Don’t forget change control meetings, usually involving people who have no technical knowledge and aren’t even impacted. But they need their say.
toshiro_mifune,
And you better get that approval from the manager so the DBA can do the change or else!! Even though you have to wait for the manager to get home to his house in fucking* Forked River so he can log in and do the approval even though he’s sitting at mile marker 135 in wall to wall traffic in a driving fucking* rain storm.
tosh,
Open up a bridge so we can discuss this! :)
well gary at least you got a gig
freedy, That is correct. Even though the firm that hired me failed to tell me the 6 or 7 minor “details” about the position.
well gary ,, can you afford to go on your own. ?
difficult, but as some point
No BFF numbers?
tbw #198
I went to Bergenfield public schools through middle school… It was hardly rough or tumble… Have things there changed that much since the mid-80’s?
Gary
I guess you don’t want to give up that xan@x.
lost,
verdict?
sl
SL
I’ll email you.
ok :)
sl
BFF!
The Huntington National Bank, Columbus, Ohio, Assumes All of the Deposits of Warren Bank, Warren, Michigan
sl
Gary,
Had you known what yr. job really entailed, would you have taken it anyway or would you have stayed on unemployment and kept looking?
F it Gary. You need to head south brother….keep going. You need a little sun, sea, and secks.
BFF!
Central Bank, Stillwater, Minnesota, Assumes All of the Deposits of Jennings State Bank, Spring Grove, Minnesota
sl
BC (261)-
Try that at Soldier Field in January, and body parts start falling off.
Barb (265)-
Pardon me, but this sounds like Geek Squad.
Greetings from section 313 at Giants Stadium. BC, if you are in the pit wave to me.
Greetings from section 313 at Giants Stadium. BC, if you are in the pit wave to me.
Forbes: Real Estate Feature
Where Americans Earn The Most
Median Household Income Ranked by MSA
1 – Bridgeport CT
2 – San Jose, CA
3 – Wash, DC
4 – San Fran, CA
5 – Trenton, NJ
http://www.forbes.com/2009/09/28/americans-income-cities-lifestyle-real-estate-richest-cities.html
Stadium filling at 8:20, but will the rain hold out.
Taking the stage!
The gubmint lies to us. But that’s ok…because that’s what your enemy does.
Mish, stating the obvious about the lying sacks of shit that can’t wait to make your children’s children paupers at birth:
“At this point in the cycle birth death numbers should have been massively contracting for months. The BLS is going to keep adding jobs through the entire recession in a complete display of incompetence.”
http://globaleconomicanalysis.blogspot.com/2009/10/huge-downward-jobs-revisions-coming.html
sl-
Thanks for BFF!
Thanks for this, Mish. Too bad the liars whom we elect and appoint to lead us would rather obfusc@te and delay, rather than dealing with us straight:
“I consider these job losses to be depression level totals. Admittedly conditions are not as bad as the great depression, but this is certainly no ordinary recession by any economic measure including lending, housing, bank failures, jobs, the stock market, commodity prices, treasury yields etc.”
The gubmint will sell you, me, our kids and our kids’ kids down the river simply to maintain status quo in their own little fiefdoms. Until we wake up and revolt, they will systematically strip us of everything we have, until we are all wandering the country: jobless, homeless and penniless.
Wrecking ball
10th ave fo
no surrender
outlaw pete
297 Clot
The gubmint will sell you, me, our kids and our kids’ kids down the river simply to maintain status quo in their own little fiefdoms. Until we wake up and revolt, they will systematically strip us of everything we have, until we are all wandering the country: jobless, homeless and penniless.
I wonder if I’m not covering my share because I’m not having kids.
292 – Shore – Look out for our Red Bank friends. They are in the pit. They’re probably going to roll the money for these tickets into their next refi.
hungry heart ( during which he left the stage circled the stadium behind the pit)
Working on a dream (during which Bruce does his Rev Bruce pitch and huge number head to the loo)
Darkness set
Stu,
I thought that was pot I was smelling. It was just their money burning I guess.
A few more banks have failed as well. Total hit to FDIC insurance around 300 million tonight.
http://finance.yahoo.com/news/Regulators-close-banks-in-apf-2694907127.html?x=0&sec=topStories&pos=main&asset=&ccode=
Satellite looks good for tonight’s show. I doubt rain will move in before the am.
Clot,
I noticed the submarine house is back on the market. I thought that sold a year ago as a foreclosure. Actually, i checked the tax records and it sold 12/08. What happened? Is the new homeowner getting foreclosed on as well? Flip that didn’t work? The house is haunted?
Who buys a house and wants to sell 10 months later?
#268 Gary
I seriously think you should write a book. That will get you out of IT and your genre is hot right now.
P.S. Nom change since someone just informed me my old nom has ties to a racketeering radio blowhard.
After darkness opened with Waiting on a sunny day
190
clot
Barb (265)-
Pardon me, but this sounds like Geek Squad.
probably right, do they do small businesses too? I thought it was residential.
I’m always one step behind originality. Ok, maybe 4.
waiting on a sunny day (where he waded up into seats like we had last year and hung out with a family and let the 7 year old sing a bunch.)
Taking request signs
I’m Going Down
Be True
Jailhouse Rock
Thunder Road
Shore-
Eat your heart out I’m at the Starland feeding In Flames. Tomorrow it’s Seether. Rock on.
another Bank takedown Friday.
more consolidation.
SAS
just got back, out having a Cannoli with a cup of decaf…black.
SAS
Jailhouse Rock
Thunder Road.
Long walk home
The Rising
Born to run
Cad ranch
tell em to play some skynard!
:P
SAS
kettle,
“KPMG and PwC Reykjavik offices are raided by Icelandic police”
http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/6252501/KPMG-and-PwC-Reykjavik-offices-are-raided-by-Icelandic-police.html#
Drizzle in Montclair.
Stu,
Your weather guy sucks. Been raininf last 20 minutes getting heavier.
Shore – My friend’s 7 year old fell asleep at the shoe. It’s his first concert ever.
She did wake him up for Born to Run.
Just saw the fireworks from my apartment. At least you guys got better weather than we did two days ago.
Shore,
Not there tonight. In the pit tomorrow. Back next Thurs and Fri.
Land of hope and dreams?
Grab your ticket and your suitcase
Thunder’s rolling down the tracks
You don’t know where you’re goin’
But you know you won’t be back
Darlin’ if you’re weary
Lay your head upon my chest
We’ll take what we can carry
And we’ll leave the rest
NJC,
It is okay. Bruce in Giants Stadium is nearly as good as being ay the Starland.
Not there tonight? Heck, swing on over the Sheraton and let me buy you a drink.
“. Its his first concert ever”
It was not one of the better shows I have seen them do (although a number of individual songs were) but, it is still a hack of a good way to start a concert-going career — except that few concert experiences come close to even a midling E-Street Band show.
The largest house in America….
281 Daniels Ln
Sag Harbor, NY 11963
http://maps.google.com/maps?q=281+Daniels+Ln,+11963
Relating to Barbara’s post #256,
For years, so many people wanted to transfer out of their original field an into an IT position. We must have reached a critical mass, because now nobody knows the road back out of IT-Ville and into anything else. I started in IT, so don’t ask me how to get out of here!
And yet, I still see/hear commercials spouting “Do you want to enjoy a career in the wonderful & exciting world of Information Technology? Order my 12 DVDs on Microsoft Office and you will be well on your way to a better life”. Effing ponderous.
galg (305)-
Buyer got a job transfer. He fixed the house, fixed the pool, and the call came. He just wanted me to list the place, since I already knew it well.
He will lose money, but it won’t be a total disaster.
galg (305)-
Seller got a job transfer. He fixed the house, fixed the pool, and the call came. He just wanted me to list the place, since I already knew it well.
He will lose money, but it won’t be a total disaster.
ignore 326
Imagine Bill Gross, except he’s not the rictus-faced, lizard-skinned purveyor of woozledust we’ve come to know.
Now, read this:
http://www.scribd.com/doc/20555028/KESSLERcommentary0820200KESSLER9
A 2k cape is ok to live in. I just don’t want to pay $400k for it.
Anyone want a deal on a brand new condo in East Rutherford? These are actually very nice units:
http://home.att.net/~sam5150/CONDOA.JPG
http://home.att.net/~sam5150/CONDOB.JPG
Taxes in NJ and NY are crazy, but it is also where the work is. Looking near Charlotte, try here… http://www.LovingCharlotte.com