From the Fed:
Second District–New York
The Second District’s economy has continued to expand at a moderate pace since the last report. Labor market conditions have generally improved, and, on balance, contacts indicate they plan to add workers in the months ahead. Business contacts in a number of industries note a slowing pace of cost increases and mostly stable selling prices. Manufacturers report a pickup in business conditions. Tourism activity has been strong since the last report, while retailers and auto dealers indicate steady sales activity in April and May. Home sales activity has continued to increase gradually since the last report, though prices have generally been steady to somewhat lower. Rental markets remain strong, with rents rising due to tight inventory levels. New York City’s commercial real estate market has tightened slightly. Finally, bankers report widespread increases in loan demand, no change in credit standards, and continued broad-based declines in delinquency rates.
Construction and Real Estate
Housing markets across much of the District have been mixed but, on balance, stable since the last report, while rental markets have continued to firm. The volume of apartment sales in New York City has been generally steady, with brisk activity at the top and bottom segments of the market but activity in the middle described as quiet. Home sales in northern New Jersey have continued to improve from a low level, but mainly due to a pickup in sales of distressed properties. Home prices in and around New York City are characterized as steady to declining slightly, in part because more distressed properties are coming to market. By contrast, real estate contacts in Western New York report robust sales activity and rising prices in recent months. Apartment rental markets in both New York City and northern New Jersey continue to firm, with tight inventories and rents continuing to rise. A major New York City appraisal firm notes that rising rents in the City continue to make buying more attractive, and credits this trend for the recent uptick in sales in the lower third of the market. Conditions in the outer boroughs have been somewhat softer than in Manhattan.
Good evening New Jersey ……….
second
My favorite Mets commercial:
http://www.youtube.com/watch?feature=player_embedded&v=JVkalfhzvVA
Good Morning New Jersey
yet another Tenafly “under contract” property is back on the market….3rd this week. this is the 2nd time this one was under contract and is now back on the market after several price reductions. i have been in the house; it is a nice house, updated but not in a great location. when i saw it about a year ago the family was living in the home…no one has been in there for at least 3 or 4 months – totally empty.
Phil hits all the high points in this one
http://hodgen.com/why-people-expatriate/
but this one did close…about a month after the original estimated close date:
Last LP: $684,000 ML#: 1202200
Addr: 69 JOYCE RD
Twn: TENAFLY Zip: 07670
Orig LP: $684,000
Sold: $648,000
Taxes: $16,362
SD: 6/6/2012 UCD: 3/6/2012 DOM: 49
If the Kings win tonight, that boarding call will loom large in Devils lore.
Nom,
Kings v Devils brings to mind this case:
United States ex rel. Mayo v. Satan & His Staff, 54 F.R.D. 282 (W.D. Pa. 1971).
You are in JC? I always assumed you were running this place…..
http://www.hbso.com/
New Improved Meat says:
June 6, 2012 at 12:27 pm
zieba (205)-
Go a few blocks down Jersey Av. to Jersey Wine & Spirits. We have a better selection than the BuyWrong at the tunnel (they buy everything…no tasting/no editing), and our staff can speak to you in complete sentences.
MEMORANDUM ORDER
WEBER, District Judge.
Plaintiff, alleging jurisdiction under 18 U.S.C. § 241, 28
U.S.C. § 1343, and 42 U.S.C. § 1983 prays for leave to file
a complaint for violation of his civil rights *283 in forma
pauperis. He alleges that Satan has on numerous occasions
caused plaintiff misery and unwarranted threats, against the
will of plaintiff, that Satan has placed deliberate obstacles in his path and has caused plaintiff’s downfall.
Plaintiff alleges that by reason of these acts Satan has deprived
him of his constitutional rights.
We feel that the application to file and proceed in forma
pauperis must be denied. Even if plaintiff’s complaint reveals
a prima facie recital of the infringement of the civil
rights of a citizen of the United States, the Court has serious
doubts that the complaint reveals a cause of action upon
which relief can be granted by the court. We question
whether plaintiff may obtain personal jurisdiction over the
defendant in this judicial district. The complaint contains no
allegation of residence in this district. While the official reports
disclose no case where this defendant has appeared as
defendant there is an unofficial account of a trial in New
Hampshire where this defendant filed an action of mortgage
foreclosure as plaintiff. The defendant in that action was
represented by the preeminent advocate of that day, and
raised the defense that the plaintiff was a foreign prince with
no standing to sue in an American Court. This defense was
overcome by overwhelming evidence to the contrary.
Whether or not this would raise an estoppel in the present
case we are unable to determine at this time.
If such action were to be allowed we would also face the
question of whether it may be maintained as a class action.
It appears to meet the requirements of Fed.R. of Civ.P. 23
that the class is so numerous that joinder of all members is
impracticable, there are questions of law and fact common
to the class, and the claims of the representative party is typical
of the claims of the class. We cannot now determine if
the representative party will fairly protect the interests of the
class.
We note that the plaintiff has failed to include with his complaint
the required form of instructions for the United States
Marshal for directions as to service of process.
For the foregoing reasons we must exercise our discretion to
refuse the prayer of plaintiff to proceed in forma pauperis.
It is ordered that the complaint be given a miscellaneous
docket number and leave to proceed in forma pauperis be
denied.
54 F.R.D. 282
seif,
here’s a 2006 buyer trying to get their money back
http://www.realtor.com/realestateandhomes-detail/62-Day-Ave_Tenafly_NJ_07670_M58511-00114
#10 chi
I used to drive thru on my motorbike with a bunch on bungee cords. The first few times I got some looks after a while they would slap the order on the back and strap it up. Most of the time it was a 2 pk of 2.5 gal Poland spring.
From the Record:
Hovnanian reports its first profit in more than 2 years
Shares of Hovnanian Enterprises Inc., New Jersey’s largest home builder, rose the most in five months Wednesday after the Red Bank-based company posted its first profit in nine quarters. The company said home orders jumped 52 percent in the second quarter compared with a year earlier.
“It appears that the home-building industry is in the early stages of a recovery,” said Ara Hovnanian, chairman and chief executive officer of the company, in a conference call with investors.
Hovnanian reported net income of $1.8 million, or 2 cents a share, on revenue of $341.7 million for the fiscal second quarter of 2012, which ended April 30. That compares with a loss of $72.7 million, or 69 cents, on revenue of $255.1 million in the year-ago period.
Sale contracts rose to 1,775 homes — the highest level since 2007, and up from 1,166 a year earlier.
Hovnanian stock climbed 18.2 percent to $2.01 on the New York Stock Exchange on Wednesday.
Hovnanian’s positive numbers surprised analysts, who had predicted an average loss of 32 cents a share. The report reflected a recent brightening of prospects for the long-distressed home-building industry. Though activity remains well below historic norms, other publicly traded home builders have recently reported better quarterly results.
Wonderful News!
Fun facts about new homes for 2011:
http://www.census.gov/construction/chars/highlights.html
Dead cat bounce. Suck in the last of the dumb money, then torch the joint.
Another day in hell.
Last
http://online.wsj.com/article/SB10001424052702303296604577450503779026314.html?mod=googlenews_wsj
Anyone who thinks consumers are fine just read this . Student loans leads the way.
Can the US population be this stupid ? yes
Fast-food has emerged as the fastest growing industry in a country once led by technology.
Hope and change for a shovel-ready society.
Fully 54% of college degree graduates under the age of 25 are either unemployed or underemployed.
Pull that lever in November once again for the Messiah. He’s done such a marvelous job opening the door of opportunity for the 99%.
A mere 16% of the 2009-2011 graduating class has found full-time work.
Yes… We… Can!
Gary: This really does not effect Bergen county , it s different here . take a look at
that Tenafly closing ,
http://www.nytimes.com/2012/06/07/nyregion/7-eleven-big-gulps-are-immune-from-proposed-new-york-city-ban.html?_r=1
7-11 we’re ok for the big drinks ,
Putting the situation Greece into perspective …
From yesterday’s live blog of the financial crisis — this makes me feel glad that all we track is traffic and weather here:
“8.49 There’s an interesting article on CNBC warning that Greece could run out of cash next month, and have to stop paying salaries and pensions, along with imports of fuel, food and pharmaceuticals. It also has a fascinating insight into the endemic nature of tax evasion in the country:
To understand the difficulty, just talk to Nikos Maitos, a longtime official in Greece’s financial crimes investigation unit. When he and a team of inspectors recently prowled the recession-hit island of Naxos for tax evaders, a local radio station broadcast his license plate number to warn residents.
“One repercussion of the crisis is that people are harder to find,” Mr. Maitos, an imposing, burly man, said last week in his sweltering office on the edge of Athens. “And when you do find them, they don’t have money.”
Even tax collectors, who have had to take large pay cuts, find that budget reductions make it hard to pay for the gasoline needed to reach their targets.”
http://www.telegraph.co.uk/finance/debt-crisis-live/9312612/Debt-crisis-as-it-happened-June-6-2012.html
…
Oh yeah, too lazy to go search for link and quote but there I also saw this this morning:
A Greek MP — and former member of their special forces — was on live TV when he started a ruckus with two lady MPs. He threw a cup of liquid at one and hit the other one three times around the face. OUCH! The video’s over at telegraph.co.uk, those who are interested can find it, I’m sure. Supposedly an arrest warrant was issued, I wonder how they handle things like this over there.
Bunch of BS, I watch my own Nieces and Nephews pick majors and college based on what they are interested in doing and what schools are cool or friends are going to. No bearing on what schools or majors give me best job prospects. If somone wants to major in art history, cooking, sociology etc. at a part school I dont want to hear they are underemployed.
Want to do a dual accounting/MBA program and pass all four parts of CPA exam before graduation date with a 3.5 GPA or higher from a good school and you are 25 and cant find work, that I will be interested in. Not so much art history from Florida state with a 2.3 gpa and you are 24 and working at starbucks
gary says:
June 7, 2012 at 8:11 am
Fully 54% of college degree graduates under the age of 25 are either unemployed or underemployed.
Pull that lever in November once again for the Messiah. He’s done such a marvelous job opening the door of opportunity for the 99%.
http://www.crainsnewyork.com/article/20120607/REAL_ESTATE/120609904
Rents in NYC ,new highs
Nom hockey gods don’t let teams win the cup on BS calls like that. As much as I hate to say it glad the Devils won in spite of it.
Something just does not rub me the right way when an 8th seed would go down as one of the greatest teams ever for the run they are on. Teir cup win is inevitable just don’t think they shoudl be up there with those great Montreal, Islanders, and Oilers teams because they caught lightning in a bottle.
freedy,
Can you imagine the chaos that would ensue if the Big Gulp was decommissioned? After all, we are the masters of the fast food industry.
Rick Santelli is G0d.
We can make fun or be dismissive of people’s career choices and woes. I am sure not going to say people are not dumb sometimes, because they are.
But when we have millions out of work and have millions more making minimal pay with few prospects of every making a middle claass income, we’re all in trouble.
We are talking about long-term, generational disaster ahead, make no mistake.
I remember back ~2002 when the local Starbucks had cardboard placards enticing part time workers to apply and that you could have a benefits package including health insurance with part-time hours there. I guess that went away, right?
Not so much art history from Florida state with a 2.3 gpa and you are 24 and working at starbucks
The Starbucks Total Pay package is called “Your Special Blend” because it’s just for you.
Your Special Blend might include:
Competitive pay
Insurance: medical, prescription drug, dental, vision, life, disability
Bonuses
Paid time off
Retirement savings plan
Equity in the form of Starbucks stock and discounted stock purchase plan
Adoption assistance
Domestic partner benefits
Emergency financial aid
Referral and support resources for child and eldercare
A free pound of coffee each week
http://www.starbucks.com/career-center/working-at-starbucks
#30 gary: What was the topic?
It looks like if you work two months full-time for Starbucks, wait another month, you’d be eligible for benefits. After that you’d have to average 80 hours/month to stay eligible.
http://assets.starbucks.com/assets/71fbca55c23d4604a3e1d93fbec5365e.pdf
Initial Benefits Eligibility
Ongoing Benefits Eligibility
U.S. mainland partners become eligible for benefits on
the first day of the second month after they have received
pay for at least 160 hours over a two-consecutive month
period. For example, if a partner receives paychecks in
July and August totaling at least 160 hours they become
eligible for benefits on October 1. Starbucks will check a
partner’s paid hours on the last Friday of every month until
they become eligible.
To continue eligibility for benefits coverage, a partner
must be paid a minimum of 240 hours in each calendar
quarter. “Paid hours” are all hours for which a partner has
been paid on pay dates that fall between the first and last
day of the quarter.
Partners working in Hawaii become and remain eligible
for benefits in accordance with Hawaii state regulations.
Maybe I read that wrong, 160 hours over *two* month period. 80 hours/month is all you need.
3B,
It was about QE3. Santelli went on a classic rant describing the “sugar buzz” from endless QE. He said eventually, if they keep applying QE, then maybe after 7 or 8 times, they’ll all claim victory when the market and economy finally does find footing. There were a few other remarks about inflation 3 to 5 years down the road and how the Bernank and this administration is just kicking the can. It was classic Santelli.
NJ ExPat [35],
As a temp worker in the IT field, the only benefits offered is some oxygen air and atmospheric pressure at sea level.
12 – I saw that one. looks like a box…seriously. half a million bucks for that? no thanks.
[38] gary – prior to late ’10 I was shelling out $1700/month to cover my no prescription family of 4. My kids went to their annual checkup two days ago. Their last visit to the doctor? Last year’s annual checkup. I HATED writing that check every month.
toomuchchange 31
“We are talking about long-term, generational disaster ahead, make no mistake.”
I agree but JJ is on to something. In a Anatomy & Physiology class two years ago kids going on about got to do what you love stuff kids asking questions about Profs career choices (which were good ones)………. I get the floor (chomping at the bit) ” forget about what you love , like that’s for fun pick a field/major that has some demand, or you will be unemployed (with emphasis) “. Young smart Prof replied head shaking affirmative ” the voice of experience”.
These kid’s misguided view on higher education along with our structural unemployment is going to be a disaster.
Mikeinwaiting,
Mississippi State University offers a degree in Floral Management. I think that will be in demand for funerals when everyone starts dying from poverty.
I just hope they don’t ban this one.
http://www.absurdintellectual.com/wp-content/uploads/2010/02/bucket-gulp.jpg
Ahh the 5 gallon coke, great for parties or the morbidly obese
#36 gary: Santelli understands this, so many others do not. Yellen the number 2 Fed official said again more QE is a real possibility, and she said it could be based on the economy not being strong enough, which gets around yesterday’s Fed Beige Book of just somewhat moderate growth. We shall see what the Bernank says to Congress today, and then I believe at the next meeting June 20, more QE; if not than August 1 at the latest.
‘By contrast, real estate contacts in Western New York report robust sales activity and rising prices in recent months. ‘
Stayed in Elmira, NY/Route 17 area for several days two weeks ago. Noticed the placed was booming, sort of, as new residences/apartments all over. New malls, industrial parks, clean smooth highway. Even had some micro-breweries to taste good stuff and chat. Looks like they are doing something right.
Only skillz that count are the ability to lay down covering fire and to achieve a high percentage of head shots in a target-rich environment. We’re on a rocket sled back to the 16th century.
3b (43)-
August is too close to the election. Bernank is sensitive to keeping up the appearance that he’s apolitical (whore that he is). I think QE will come much sooner than that.
xo (44)-
That area has been way, way down since the late ’80s. Any signs of life look like massive progress. Most folks in western NY don’t have two nickels to rub together.
Also, western NY is seeing a little natty gas $$$ from the fracksters.
Tic, tic, tic. I know Panetta and there is nobody in Washington that I respect more. With the Administration using him to deliver the message that Pakistan has to clean up the Tribal Area they are using a messenger who is respected just about everywhere in the world and has the support of many Republicans.
http://in.reuters.com/article/2012/06/07/afghanistan-panetta-idINL3E8H770K20120607
By Hamid Shalizi and David Alexander
KABUL, June 7 (Reuters) – Defense Secretary Leon Panetta said on Thursday the United States was reaching the limits of its patience with Pakistan because of the safe havens the country offered to insurgents in neighbouring Afghanistan.
It was some of the strongest language used by a top U.S. official to describe the strained ties between Washington and Islamabad.
“It is difficult to achieve peace in Afghanistan as long as there is safe haven for terrorists in Pakistan,” said Panetta, speaking in the Afghan capital Kabul where he held talks with military leaders amid rising violence in the war against the Taliban and a spate of deadly attacks, including a NATO air strike said to have killed 18 villagers.
“It is very important for Pakistan to take steps. It is an increasing concern, the issue of safe haven, and we are reaching the limits of our patience,” he told reporters.
snip
Well but what field is in demand where you can be sure that you, as an American, can get a good paying job in this country?
A licensed and credentialed American born and educated MD can be just about sure to find a job paying market rate wages in this country.
Now, who else?
Maybe these kids are figuring there are no guarantees, so I may as well do as I like. Frankly if I had to advise a young person, I don’t know what I’d tell them. I don’t know what to tell adults, either, except what not to go into.
I think the vagueness of the politicians and the so-called labor experts shows that they don’t know what to tell us either, so we get these insistent but vague exhortations to get more education. Or we’ll hear, the jobs will come back, the jobs will come back, they always have — but not what jobs will pay as much as those we have lost.
30-year mortgage rate hits record low of 3.67%
#51 JJ: I wonder if people who are looking to buy will wait in hopes that they go lower.
#46 Good Point. Lets see what he says today.
One for the Mats fans.
http://www.politico.com/politico44/2012/06/obama-fundraises-with-willie-mays-125500.html
Baruch University has a five year program for a total five year cost of $20,000 where upon completion students get an Undergraduate Degree in Accounting and a MBA in Finance. Students also are required to study for and Sit for the Certified Public Auditor (CPA) and Certified Internal Auditor (CIA) exam. In addition Baruch has internship programs with the banks and broker dealers that pay around 5k a summer which covers entire cost of tuition. A job is basically guranteed as entire big four plus all the major banks and broker dealers fight for this kids, they are done at 22 and have a Accounting Degree, MBA in Finance, CPA/CIA and two internships under belt.
I mentioned this to several kids. They all went I have to live at home commute to city, that is a ton of work, I have to study for two major exams, program is five years long and I have to work all summer full time in a suit in Manhattan while the other kids are off. You know what program is full of first generation Chinese/Indian type kids who know how to work.
I then get like Nephews or Cousins call me up when their kids are graduating from a four year so so party school in a so so major who have no job experience looking for work. Do they even realize what some other kids resume already look like at 22. I see resumes of kids with MBAs and CPAs who did internships at Goldman and JPMorgan applying for jobs. Kids who are unemployed have good reason to be unemployed. In a tough economy you hire the most qualified, or you weed out resumes. A college degree alone, with no certifications, no Grad School, no internships or practical work experience is the same as a HS Diploma 20 years ago.
toomuchchange says:
June 7, 2012 at 10:00 am
Well but what field is in demand where you can be sure that you, as an American, can get a good paying job in this country?
toomuchchange,
How the he11 is some 18 year old kid supposed to know what to study? I mean really, you’re supposed to know 4-8 years from now what jobs will be in demand? At 18 years old?
I’m glad I did it backwards. I got a job as a temp in a bank and they told me if I want a better job you better start studying. Then used the tuition reimbursment to finish my degree.
Businesses are really the ones doing it backwards. They should hire some bright kid for peanuts and train him on the job. If they’re bright and a hard worker, you invest in them and send him to school while they’re working. More like an apprenticeship.
Want a kid to get a job with a degree field geologist. That job is equal parts scientist and sooth sayer. Great ones get paid very very well
Hey JJ,
How busy is Atlantis these days? Looks like they’ve got the K-Mart blue light on…
$99 & up — Atlantis, Bahamas: Mega-Sale, up to 65% Off (TravelZoo)
50 – Reality TV Star
I thought Atlantis was bankrupt? Perhaps too many kids peed in the dolphin pool?
60 – Hey Libtard, is Farrell’s still around in E.B.?
Lib [286, yesterday];
I like the crew behind the bar, esp. the smoking hot redhead. If you’re ever stuck in there during off hours and have to wait 20-30 min. for a train, it beats the hell out of the waiting room.
The Bernank ready to act if stresses escalate.
http://www.marketwatch.com/story/bernanke-fed-ready-to-act-if-stresses-escalate-2012-06-07-109109
55
JJ i cant find anything about that program on Baruch’s website
The Bernank also says that the strength of the job market is the key for their June meeting, which is only two weeks away.
Moose…Farrell’s closed before I graduated. Spent many a birthday party there. In junior high, Farrell’s was the number one spot to do the old dine & dash. We also used to shoplift those everlasting gobstoppers. Oh to be young and immoral again!
that was me who asked…i spent many hours at that mall. farrell’s was legendary.
Joyce,
Bachelors/Masters Programs in Accounting, I quote NYS rates, I think a little cheaper if you are a NYC resident. Pretty much they are loosey gossey about residency requirement. If you have a relative or someone you can use their address you can get the rate. Also remember vast majority of students are on full financial aid. Also NY has the regents scholorship if you score above a certain amount on CPA.
I am always suprised why kids dont want to go to Baruch. True lots of diversification, no dorms and lots and lots of school work. But pretty much you can get a job instantly.
Students seeking to be licensed CPAs who take the New York State CPA exam after August 1, 2009 must have completed a minimum of 150 credit hours of college or university course work. Specific program options are:
a Bachelor of Business Administration (BBA) in accounting and a Master of Science (MS) in accounting or taxation
a Bachelor of Business Administration (BBA) in a business discipline other than accounting and a Master of Science (MS) in accounting
a Bachelor of Arts (BA) from the Weissman School of Arts and Sciences (in such majors as English, philosophy, political science, or an interdisciplinary program in languages and international business) and a Master of Science (MS) or a Master of Business Administration (MBA) in accounting.
To learn more about these programs and how to apply, refer to the section on undergraduate academic programs in accounting on Baruchs Zicklin School website: http://zicklin.baruch.cuny.edu/programs/undergrad/degrees/accountancy
http://zicklin.baruch.cuny.edu/admissions/grad/tuition.html
It is during school year. Atlantis is a scam, meals and drinks are outrageous and they say it is a family place yet they dont allow five in a room. They make a family of five book two rooms. Also maid, bell hop, electricity tax, Bahama Hotel tax etc. never listed in rates. They are expensive, a family of five booking two rooms forget about it. Plus you cant squeeze the extra kid in, they make you get passes every day for water park and they check your names the fifth wont have a pass to go to park.
Anon E. Moose says:
June 7, 2012 at 10:33 am
Hey JJ,
How busy is Atlantis these days? Looks like they’ve got the K-Mart blue light on…
$99 & up — Atlantis, Bahamas: Mega-Sale, up to 65% Off (TravelZoo)
seif…the mall was my home and provided all of my siblings with their high school paychecks. Two sisters worked at Macy’s. Another sister worked at the Gap (remember when they called it THE Gap?). I worked at KayBee Toy & Hobby.
JJ would like this story. KB was located right at the main entrance to the mall. When I was in high school, Magna Doodle was all the rage. For those not familiar, it was a modern version of Etch-A-Sketch where you wrote on the screen with a pen instead turning knobs. Well, we often spent our free time rating the girls who came in the mall on our Magna-Doodles like judges at sporting events such as figure skating. Three or four of us would do this and it always cracked everyone up in know. Especially the employees at the outlets across the way (the pet store, a shoe store and a PearleVision). It was a running gag and I wish we had a way to video tape the antics.
Remember the bubble gum ice cream at Bresslers (I think that was the name of the ice cream shop) right next to that krappier than krap snack bar store?
Remember the adult section in Spencer’s or the black light posters in the back of that store?
What year did you graduate Seif?
(68)
Thanks. From your original post, I thought there was a defined program of B.S./MBA/CPA/CIA all in one. Masters in Accounting is nice and all but it’s different then an MBA. Students are free to sit for the CPA exam but not forced to take it/pass it as part of the program.
But I agree that for any young folks considering college, you have to go to the city/state university unless you get a scholarship. Graduating with debt is just suicide. Oh and yes, the courses you study should be substantial and worth their weight, not french poetry, etc.
re: #65 – 3B i if jobs are the case this time he may buy up a trillion in private corp bonds through the discount window. It’s the only way he can clear the Banks current balance sheets and give them more cash to loan out to business to create jobs. It sure would send a signal about the election.
I always look for the discount window, but I can never find it. Only the clearance bin.
[49] Meat – exactly. Places further up, like Buffalo, had about zero participation in the bubble. Housing prices up there stayed well under 3x Median income like houses are generally supposed to.
That area has been way, way down since the late ’80s. Any signs of life look like massive progress. Most folks in western NY don’t have two nickels to rub together.
70 – I lived in Manalapan (’89), not EB. I did spend a lot of time there though. It was the biggest mall in the area at the time…Spencer’s was a great hangout…Chess King and Just Shirts…I remember the Piercing Pagoda (some friends got their ears pierced there)…classic 80’s mall.
Bernanke: Fed could act if economy (unexpectedly?) weakens
http://finance.yahoo.com/news/bernanke-fed-could-act-economy-140205227.html
Maybe these kids are figuring there are no guarantees, so I may as well do as I like. Frankly if I had to advise a young person, I don’t know what I’d tell them. I don’t know what to tell adults, either, except what not to go into.
When I was doing my undergrad in 2003 I was forced to take some non-engineering courses to “round out” my college experience. So I am sitting in an economics 201 course with some sophmores and I hear this conversation between several girls in the row in front of me…”if I get a C in this class it will raise my GPA and then I can get accepted to the buisness school” (University is made up of a bunch of individual schools, getting accpeted to the university is different then getting accepted to the school which is further merit based.) I knew then that the upcomming crop of students we would be graduating were declining in quality.
I had a conversation last weekend with some recent HS grads and we talked about what they should be doing when they go to college. I let them know that no matter what they chose to do they really needed to focus on real-world skills. Always be learning how to do things that matter outside of school. Taking a course on computer architecture…try building a computer from parts. Seek out opportunities to apply what you are learning at every step because real, demonstrated skills are invaluable but book knowlege is fleeting.
There is a real lack of DOers today and it will only get worse with higher numbers of baby boomers retiring. Learn real skills and everything else will fall into place. Don’t waste your time spending only 8% of your days studying. You should be spending 40 hours a week or more studying/learning/practicing in college. Anything less and you are wasting everyones time. If ever you find yourself saying, “if I get a C it will raise my GPA” then you have chosen poorly.
Brian #56: AMEN, and that’s always been the problem, hasn’t it? That an 18-year-old has to decide what the 40-year-old will do for a living?
That said, sometimes a career path is a winding road. I graduated 1977 with a degree in sociology and went into mgmt. training at the old Hahne’s Department store. Fast forward 20 years through that failure, a bunch of secretarial/admin jobs, and got my first break as an entry-level programmer. Now I’m in clinical EDC. Go figure. And since I work in teams a lot, knowing group dynamics is actually helpful.
There used to be “hot fields” that you could choose, but NO field is “hot” anymore.
I dont know what is the best education either. I while I think its useful to get something career oriented, but I see a lot of students (esp Indian/Chinese) working long hours, doing the “right thing”, doing what they’re told who have no life skills and can’t come up with an original idea. Unfortunately that background is what is hired these days, going by the bunch of interns that showed up last week.
well well score one for they Wayne Police Department
http://www.northjersey.com/news/bergen/Wayne_police_arrest_two_burglary_suspects_after_manhunt.html
I think the most valuable skill is being able to perform well in an interview. When I was a kid, all of my friends parents loved me. I used to hang and talk with them about why their undisciplined spoiled brats couldn’t pass statistics or write an essay rather than sit in front of the TV playing Zelda. My parents pushed me to be independent. I was a camp counselor during Summers in college. I was president of my high school marching band (and played football, so shut up JJ). I also rented buses to run ski-trips to make cash. Meanwhile, all my friends were given cars by their parents when they got their permits. I got my first car at 25 (and I drove that same car to work this morning). Quite honestly, it wouldn’t have mattered much what I majored in, or where I went to school. It’s being mature beyond your years that really makes a difference. Parents, don’t coddle and spoil your kids. Let them do sleepovers. Send them to sleepaway camp and most important, teach them how to be independent. That’s what the immigrant parents do and it works. Forget the piano lessons and dance recitals. Make your kid flip burgers for minimum wage. Trust me!
Jill Jesus H Christmas how many of us in here work in support of Clinical Development
JJ
Networking is key to the world today. Just fished a friends CV out of the HR filters and got it in front of the hirer. They’ll get an interview and its up to them to close the deal. With your kids in some ways you have to do the same.
Its funny how linked in has changed the job landscape. It used to be you would look at a CV see a previous employer and call your buddies who work there or have done to start fishing for you. Now you plug the name in and make the call to the contacts on the path directly.
I was a full time 40 hour a week employee at Barclays bank when I was 18-19, followed by Full time at MasterCard 19-22, then my first job when I graduated. Graduation from college was weird in a way as I worked full time at Mastercard while I went to school full time. I did not get around to getting my next job till six months after graduating college as I had a full time job. But when I came to Wall Street and got into a top notch firm at 24 they were impressed I had six years full time experience in financial services and it was my fourth financial services firm. Nowdays I see 24 year olds picking their nose.
Although I do say as a teenager you wanted me at your company picnic or holiday party. I showed up at the company picnic in a convertible with a 19 year old five foot nine 120 pound blonde knock out and got drunk as a skunk. Company picnic pictures were a riot. Most were 40 something losers working on Long Island, yet somehow me and my blonde GF in a get this String Bikini and high heels made all the shots. I recall she wore hairspray and make-up to the picnic/pool party!!
Thing working in an office thought me I did those foolish things college grads do in first job when I was 18. But who cared. Pre computers, voice mail, surveilance, access cards and cameras everywhere the office was a much cooler place.
BTW I got my first job at the age of five and have never been out of work or laid off. My daughter who is 11 is starting work full time this summer. She is a lazy goof off for the last ten years about time she worked for a living.
Libtard in Union says:
June 7, 2012 at 11:57 am
I think the most valuable skill is being able to perform well in an interview. When I was a kid, all of my friends parents loved me. I used to hang and talk with them about why their undisciplined spoiled brats couldn’t pass statistics or write an essay rather than sit in front of the TV playing Zelda. My parents pushed me to be independent. I was a camp counselor during Summers in college. I was president of my high school marching band (and played football, so shut up JJ). I also rented buses to run ski-trips to make cash. Meanwhile, all my friends were given cars by their parents when they got their permits. I got my first car at 25 (and I drove that same car to work this morning). Quite honestly, it wouldn’t have mattered much what I majored in, or where I went to school. It’s being mature beyond your years that really makes a difference. Parents, don’t coddle and spoil your kids. Let them do sleepovers. Send them to sleepaway camp and most important, teach them how to be independent. That’s what the immigrant parents do and it works. Forget the piano lessons and dance recitals. Make your kid flip burgers for minimum wage. Trust me!
I have never networked for a job in my life. Although I may have to now at this point in my life as my prior strategies of sleeping with women in HR may not be as effective anymore.
Fabius Maximus says:
June 7, 2012 at 12:05 pm
JJ
Networking is key to the world today. Just fished a friends CV out of the HR filters and got it in front of the hirer. They’ll get an interview and its up to them to close the deal. With your kids in some ways you have to do the same.
Its funny how linked in has changed the job landscape. It used to be you would look at a CV see a previous employer and call your buddies who work there or have done to start fishing for you. Now you plug the name in and make the call to the contacts on the path directly.
#72 Juice: It sure would send a signal about the election.
Absolutely!!
http://www.businessweek.com/articles/2012-06-07/when-the-chinese-cut-rates-its-time-to-worry
#87 Shore: Funny, maybe I missed something, but nowhere in the article does it discuss why it is time to worry.
– 45 million Americans are on food stamps — one in seven residents.
– 47% of Americans are on some form of government assistance.
Um… I lost count; who’s currently being blamed for this? It was Congress’ fault a few weeks ago. Who’s up next on the finger-pointing tour?
3b,
You sure expect a lot of reporters and editors.
You actually make it appear really easy with your presentation however I to find this topic to be really something which I think I would never understand. It sort of feels too complex and very broad for me. I am having a look forward on your next article I would like read great information about crestor price, I¡¦ll try to get the hang of it!
Everyone who owns a muni bond, has a 401k/IRA, mortgage deduction, RE Tax deduction, State Tax deduction, Charitable deduction, Flex Spending, Transist Check, 529 plan etc is on govt assistance. In fact people with millionaire dollare mortgage get more assistance than several welfare families combined.
gary says:
June 7, 2012 at 1:11 pm
– 45 million Americans are on food stamps — one in seven residents.
– 47% of Americans are on some form of government assistance.
Um… I lost count; who’s currently being blamed for this? It was Congress’ fault a few weeks ago. Who’s up next on the finger-pointing tour?
#90 Shore: I know sorry, what was I thinking.
Bully wanna be cop for Pres. I wonder if this one will stick?
http://www.nationalmemo.com/did-young-mitt-romney-impersonate-a-police-officer-another-witness-says-yes/
Is there a way to report spam here? I like Crestor price as much as the next person but sheesh.
50+ points added to the S&P this week on no news whatsoever.
Haha! This rally will really last, NOT!
“A massive, 60-page omnibus bill that drastically limits abortion access and could shut down all abortion clinics in the state is being rushed through the Michigan State House of Representatives on Thursday.”
Glad to see they are hard at work on jobs, jobs, jobs!!!
And queue the Che Guevara hat for the O man.
http://www.breitbart.com/Big-Government/2012/06/07/Obama-Caught-Lying-Again-He-WAS-Member-of-New-Party-Says-Kurtz
So we hire people to kill babies and it creates jobs now and in 18 years it helps again as there will be less people looking for jobs. Very Solvent Green.
seif says:
June 7, 2012 at 1:40 pm
“A massive, 60-page omnibus bill that drastically limits abortion access and could shut down all abortion clinics in the state is being rushed through the Michigan State House of Representatives on Thursday.”
Glad to see they are hard at work on jobs, jobs, jobs!!!
[58] Brian – More like, “How the he11 is some coddled 18 year old kid supposed to care about what to study?” Nobody *really* thinks about how much money you get from how much work until…that’s right, you actually do *any* work for money. Back in the day we all worked in our teens, and had some idea of what a “good” job was. Now, not so much. I landed as a Freshman at Rutgers with my graduation present(an electric typewriter) and a student checking account with $100 or so that was supposed to last until Thanksgiving. My first week there was an ad on the dorm bulletin board advertising something otherworldly like $6/hour to deliver rental dorm refrigerators to dorm rooms. I hoofed those fridges up and down 4 storeys and was way glad to get that extra $60 of spending money ATEOTD.
How the he11 is some 18 year old kid supposed to know what to study?
[77] seif – Don’t forget Merry-Go-Round. Club clothes, half-sleeve shirts, thin ties, fairly hot big hair girls telling you you looked great in everything so they could make a sale. When I moved to Boston in ’02 “The North Face” was all the rage amongst the students. I decided I would never be seen in TNF because I remember how pathetic and sad the middle-aged guy at the club looked in his Members Only Jacket circa 1982. Now the kids have caught up and are wearing Patagonia and Arc’Teryx, so I guess there’s no escaping being the copy-cat old guy, even if you were there first.
…Chess King and Just Shirts…
Check it out…Congressman of the far right party in Greece during a debate threw a glass of water in the far left party candidate’s face then stands up and punches the communist congresswoman in the face. Sounds like the Greeks are starting to agree on things eh?
In this image taken off a TV screen, Ilias Kasidiaris, 2nd left, spokesman of Greece’s Golden Dawn party, who was elected to Parliament in the country’s recent inconclusive polls physically assaults Liana Kanelli, a female member of the Parliament for the Greek Communist party during a talk show at the studios of the ANTENA TV station in Athens on Thursday, June 7, 2012. Kasidiaris bounded out of his seat and slapped Communist Party member Liana Kanelli three times on Thursday, after throwing a glass of water over radical left Syriza party member Rena Dourou. Police have issued an arrest warrant for Kasidiaris after he physically assaulted the two left-wing deputies on live television during a morning political show. (AP)
http://www.emirates247.com/news/world/greek-politicians-fight-during-tv-show-2012-06-07-1.462120
I guess he’s a southpaw.
[80] Jill – According to Jim Rogers, kids should be going into mining and energy fields. This makes perfect sense. Energy has been relatively cheap for a very long time and if you look at the BRICs you can easily see what will be in demand in the future. India has 35 cars per 1000 people. China has 63 cars per 1000 people. The US has 800 cars per 1000 people. Do the math, which is another good field, BTW. The number of people who work in energy production is so ridiculously small right now compared to the world’s insatiable appetite for it. This balance will shift radically in coming years where many more people will be employed on the energy production side as many more jobs disappear from the energy consumption side.
There used to be “hot fields” that you could choose, but NO field is “hot” anymore.
ooh video:
Greek Neo-Nazi Punches Woman Repeatedly On Live TV
Read more: http://www.businessinsider.com/golden-dawn-candidate-attacks-syriza-candidate-on-live-tv-2012-6#ixzz1x8PkuPtw
http://www.businessinsider.com/golden-dawn-candidate-attacks-syriza-candidate-on-live-tv-2012-6
[82] Dan – cue white flight into the cities, crime out to the suburbs.
well well score one for they Wayne Police Department
My years in college, I was given $10 a week for gas and lunch. I commuted. Worked my ass off one summer at Midas warehouse picking mufflers and pipes. Other summer worked at Westinghouse assembly plant in Edison. By junior year, started working summers and p/t at AT&T. Didn’t need to interview in getting a f/t position right after graduation. BTW, had no contacts there.
expat there is always second hand in burlap sacks. the college kids are still just a couple of years away from those
Bagholder – Greece was a military dictatorship from he late 60s until 1974, then the socialists took over and have ruled that place with a mafia like grip ever since. There could very well be a military takeover there again, with guys like Ilias Kasidiaris making a push for it via nationalism, in the last elections apparently 50% of the Police Force voted for his party the Golden Dawn and the socialists are quite perturbed with that tied with over 21% unemployment and an exit from the EU coming they could very well see a coup. I would not go back for a vacation there anytime soon, but I am glad I went in 2008.
re # 105 – “crime out to the suburbs.”
Not so fast, shaded of the 1970s in NYC these days and front page on NYT website. I remember when the cut open the back wheel well of my Dad’s old Plymouth Duster to get the spare tire along with the other for off the axles.
http://www.nytimes.com/2012/06/08/nyregion/car-wheel-thieves-use-technology-to-revive-an-old-school-crime.html?hp
Who gave you gas money? I would have charged you rent, made you work full time, cleaned my house, do home repairs, mow lawn, fix car. Entire time I was in school I recall my Mother lent me money for bus one day and made me pay it back on pay day along with the rent. My mom was so strict with rent when I went away to college for a year and 1/2 I had to pay rent. She was like your things are here, you expect a place to come to on holidays you pay rent. Would a landlord let you not pay rent cuase you went out of town? She had a point. I do think she pushed the envelope when she made us do home and auto repairs and I had to buy tools out of my paycheck. But once again she had a point. Not her fault I need a socket set or a drill. You should pay back that gas money with interest right away,
I actually love Midas/Meinkee. Biggest Crooks in world. One tire shot they make you buy four, little hole in muffler they make you buy exhaust system. I used to dumpster dive for my tires and tailpipes there all the time. I shove used tires on un-balanced using auto shop tire monter and used muffler tape and glue to attache tail pipe after hacking out old one. My old Dart was 1/3 Dodge, 1/3 Junk Yard and 1/3 Midas Dumpster. Actually I should have just put my engine in the Midas Dumpster it would have been easier.
xolepa says:
June 7, 2012 at 2:52 pm
My years in college, I was given $10 a week for gas and lunch. I commuted. Worked my ass off one summer at Midas warehouse picking mufflers and pipes. Other summer worked at Westinghouse assembly plant in Edison. By junior year, started working summers and p/t at AT&T. Didn’t need to interview in getting a f/t position right after graduation. BTW, had no contacts there.
The kids near me what they do is they track down all the cars with the hot wheels to steal that are left on street unattended. They then us stock photos to list on ebay, after tires/rims are sold then they go steal it and ship it.
Less chance of caught as not in possesion of stolen property ant not risking fencing stolen goods while in possession of stolen goods.
My favorite of all time was a neighbor with four crappy almost bald tires got all four slashed. Of course he goes buy four news ones which get stolen next day. Smart theives.
Juice Box says:
June 7, 2012 at 3:22 pm
re # 105 – “crime out to the suburbs.”
Not so fast, shaded of the 1970s in NYC these days and front page on NYT website. I remember when the cut open the back wheel well of my Dad’s old Plymouth Duster to get the spare tire along with the other for off the axles.
http://www.nytimes.com/2012/06/08/nyregion/car-wheel-thieves-use-technology-to-revive-an-old-school-crime.html?hp
[111] Juice – stolen wheels/tires in the city – They’re just making a little seed money in town to move the crew to a McMansion with more storage space. Maybe in Closter?
[113] JJ – Brilliant. A futures market for non-existent or soon to be stolen commodities. They should merge with COMEX.
The kids near me what they do is they track down all the cars with the hot wheels to steal that are left on street unattended. They then us stock photos to list on ebay, after tires/rims are sold then they go steal it and ship it.
Less chance of caught as not in possesion of stolen property ant not risking fencing stolen goods while in possession of stolen goods.
My favorite of all time was a neighbor with four crappy almost bald tires got all four slashed. Of course he goes buy four news ones which get stolen next day. Smart theives.
3b: That house on Howard St. does NOT have an “under contract” sign out front. Don’t know if it means anything.
#14 Jill: Thanks for checking. Maybe they took it off the market; I have seen that happen before.
Oh please bail us out again FED print some mo money! –Wall Street
thank mister Berananke for making my 401K holdings go up again
blech!!
http://alshubcaps.com/
This guy who runs a place called Als hubcaps started out selling stolen hubcaps in the 1970s he has moved on to stolen rims and tires. Amazing he has been in business under real name for 35 years.
Love customers who say when ever my tires are stolen no matter how rare or unusual my car is Al always seems to have what I need in stock.
The highlight of the hockey game last night. This is for you JJ:
http://sports.yahoo.com/blogs/nhl-puck-daddy/taylor-stevens-porn-star-talks-her-heaving-cleavage-163133543.html
Interesting article stated wealth creation going forward will be tough. Although equity and home prices are pretty much predicted to remain stable or flat, and interest rates are at rock bottom we are in trouble.
Americans over last 20 years are used to saving little but with housing and equities moving up rapidly for long period of times combined munis, treasuries, MBS, CDs, Corporate bonds all paying high yields a person in Spring of 1995 just put down 5% on a house, saved a few grand a year in a 401K half stock and bonds and poof by Spring of 2007 he was pretty rich.
Someone who bought a house Spring of 2007 and put a few grand a year in 401K half stocks and half bonds wont have the same 12 year run. He cant create wealth via 6% yielding Treasuries, Stocks returning 10% a year and Houses rising 20% a year like we had in the past. He most save triple what a person needed to save 20 years ago. No more invest in Dow 3k and poof it is Dow 13K, no more buy a 200K house and Poof it is a 600K house and no more buy a ten year CD at 6% and poof in then years you have 16%.
3b #115: The “For Sale” sign is still out, just nothing indicating it’s under contract. Maybe grim can check?
JJ – you got it right no such thing as capital formation for the middle class anymore. Screw the savers says the FED. How mush so far? With ZIRP the savers have lost about 2 trillion already in interest income. Those that are chasing yield in junk bonds and now junk stocks and what they thought were one shot wonders like FB are getting killed, they really have no buy and hold options. If it keeps up we all are Greek and will be getting screwed without the Vaseline whether we like it or not.
JJ #118: I go to Hubcap Joe’s in Oradell. When I needed one, he had a wheel cover for my 2003 Corolla.
The End Is Nigh (Wilponzi Edition):
Want to claim you were at Johan Santana’s no-hitter even though you did not attend?
The New York Mets are selling tickets from the game for $50 a pop, but limiting it to four per customer.
The tickets go on sale Monday at 10 a.m. ET at mets.com. In all, each of the 41,922 seats in Citi Field will be reprinted for sale.
“Fans can select a seating category and receive the best available seat in that location,” the team said in a statement.
The Mets aren’t the first team to give a special game this sort of treatment.
The Marlins re-sold tickets to Roy Halladay’s perfect game in 2010, when he pitched the Philadelphia Phillies to a 1-0 win, selling over 3,000 tickets in the first four hours of their release.
Overheard on Long Island today (from a real !@#$%&^):
“I’m in the yacht club…” next sentence: “I’m going for a loan modification”
I have one of the originals ChiFi.
gary, gary, gary. Just what would you have the pres do if you had his ear? Honestly.
The fact is the repub Congress DOES stymie him at every turn…what he is in favor of, they’re against, even if they supported it initially.
And just where are all these jobs that these low, Repub tax rates are supposed to generate?
Make no mistake, the current tax policy goes back 10 years…the most depressing 10 year period of job creation.
Hey…maybe a little (more!) stimulation is in order!
Maybe we should get back on our feet before reducing the debt!
Naaa…let’s just continue with the conservative policies that brought us to this point and complain each and every day when nothing changes.
Is that the sound of the Euro flushing down the drain?
http://www.nytimes.com/2012/06/08/business/global/madrid-leans-on-its-troubled-banks-for-financing.html?google_editors_picks=true
Howdy! I could have sworn I’ve visited this web site before but after looking at some of the articles I realized it’s new to me. Anyhow, I’m certainly happy I came across it and I’ll be bookmarking it and checking back regularly! Thanks !
4uPqS2 vigjbgfwnebl, [url=http://iytbziozhxil.com/]iytbziozhxil[/url], [link=http://qlqehgqfxjhp.com/]qlqehgqfxjhp[/link], http://xvnvfcwgewma.com/
Hey there, You’ve performed an excellent job. I’ll certainly digg it and personally suggest to my friends. I am sure they’ll be benefited from this site.