From the APP:
NJ lost 11,800 jobs in July; unemployment rate drops to 8.6 percent
This isn’t going to be easy, is it?
New Jersey’s job market lost 11,800 more jobs than it gained in July, the state reported Thursday, the first monthly employment loss since the beginning of the year.
The Christie administration and economists cautioned not to make too much of one monthly survey. But from a broader perspective it showed that despite an influx of billions of dollars in federal aid and insurance money since superstorm Sandy, New Jersey’s economy hasn’t gained traction.
“It’s like a roller coaster,” said Jim Wallace, 59, owner of Matawan Stained Glass. “You get a couple good weeks, and it dies off for a while. There’s, like, no rhyme or reason.”
…
New Jersey’s unemployment rate still managed to fall to 8.6 percent in July from 8.7 percent in June, the state Department of Labor and Workforce Development said, but the decline could be chalked up to fewer prospective workers actively seeking jobs.
…
The recovery has been slow. While the U.S. has regained more than 80 percent of the private-sector jobs it lost, New Jersey has recovered less than 60 percent, according to a recent study by Rutgers University.The obstacles are widespread: New Jersey hasn’t benefited from a resurgent manufacturing industry; federal taxes rose in January; upstart economies in China, Brazil and India have slowed; and gasoline prices spiked in July, diverting consumers’ disposable income to their gas tanks, said Patrick J. O’Keefe, director of economic research for CohnReznick, a New York accounting firm.
There are more sweeping changes, too. Workers are emerging from the recession in a new digital age in which they are armed with tablet computers and smartphones, making them so productive that employers don’t need to go on a hiring streak, said Farrohk Hormozi, an economist at Pace University in New York.
“This week I’m on vacation, but believe it or not, I’m working more extensively than if I was in the office,” Hormozi said. “That’s the nature of the job market.”
First
From the Record:
N.J. loses 11,800 jobs in July
After adding more than 65,000 jobs over the past year, New Jersey’s employers cut 11,800 jobs in July, state labor officials reported today. The unemployment rate ticked down to 8.6 percent from 8.7 percent in June.
The state’s unemployment rate dropped from July 2012, when it was 9.7 percent, but it remained well above July’s national rate of 7.4 percent. It has been above the national rate since the beginning of 2011, when the U.S. job market began improving.
“The question is whether this July report is simply a pause in a year of otherwise solid private-sector job growth or signals a deceleration,” said Joseph Seneca, a Rutgers economist.
One sign that labor markets are improving, Seneca added, is that federal labor officials reported today that national unemployment claims have dropped to their lowest point since the recession began.
Christie administration officials, commenting on the July report, focused on the longer-term growth trends.
“Over the past year, New Jersey jobs have increased markedly, and the unemployment rate has fallen more than one point,” said Charles Steindel, chief economist for the New Jersey Department of Treasury. “July’s job loss should be put into perspective, occurring after a gain of nearly 20,000 private jobs from April to June.”
Patrick O’Keefe, an economist with Roseland accounting firm CohnReznick, pointed out that the national job numbers were also disappointing in July, although the nation did not actually lose jobs.
“It appears to be a pause or a deceleration in an otherwise improving trend,” O’Keefe said. He also pointed out that monthly job figures can be volatile and subject to statistical noise.
In one bright spot in the employment report, labor officials said New Jersey added more jobs in June than originally thought. The state added 5,700 jobs during the month, up from the 4,600 originally estimated.
this guy is an absolute disgrace.
@MotherJones: “I’d hate to see you get cancer, but that’s your problem, not mine.” — Steve Lonegan, the GOP nominee for #NJSEN http://t.co/DOhr8Ht8Jy
Also from the Record:
Home prices in region rise 5%, real estate group says
Single-family home prices rose 5 percent in the second quarter, to a median $472,300, in the New York metropolitan area, the National Association of Realtors said Thursday.
That compares with a national rise of 12.2 percent from the same quarter a year earlier, the NAR said. The median price for an existing single-family home nationwide was $203,500 in the second quarter, the real estate trade group said. The median is the point at which the same number of homes are sold above and below the price.
The price figures are the latest in a series of numbers showing real estate values recovering more swiftly nationwide than in the region — partly because the area was not hit as hard in the housing bust as other areas.
Home values in the area are also being held back by a backlog of distressed properties heading into foreclosure. While the worst of the foreclosure crisis has passed in the nation as a whole, foreclosures were slowed in New Jersey because they have to go through the courts, and because they were held up by questions about mortgage industry abuses. Because foreclosed properties tend to sell at a steep discount, they put downward pressure on home values.
…
Still, the area that includes Bergen, Passaic, Westchester and New York City remains one of the most expensive housing markets in the nation, topped only by markets in Hawaii and California.
http://www.stanforddaily.com/2013/01/09/cory-booker-pointing-the-finger-at-gays/Anon
From the Star Ledger:
Foreclosures surged in New Jersey last month
The number of foreclosure filings and bank repossessions surged in New Jersey last month, according to RealtyTrac, a real estate data tracking company.
Foreclosures were up over July 2012 in 15 states, RealtyTrac reported, led by Maryland (275 percent), Oklahoma (137 percent) and New Jersey (89 percent). Connecticut (37 percent) and New York (27 percent) rounded out the top five.
Bank repossessions were up in 18 states. The top five included Arkansas (266 percent), Oklahoma (126 percent), Maryland (101 percent), New York (100 percent), and Connecticut (67 percent). New Jersey was sixth with a 40 percent increase.
“While foreclosures are continuing to boil over in a select group of markets where state legislation and court rulings kept a lid on foreclosure activity during the worst of the housing crisis,” said Daren Bloomquist, RealtyTrac vice president, “the foreclosure boil-over markets are becoming fewer and farther between as lenders have caught up with the backlog of delayed foreclosures in some of the states with the more lengthy judicial foreclosure process.”
In New Jersey, the state Supreme Court requested six of the country’s largest banks review the foreclosure process in 2010 because of signing practices that violated the Fair Foreclosure Act. The number of filings fell from 58,000 in 2010 to 6,000 by July, 2011, creating a logjam that still has foreclosures backlogged.
New Jersey saw 3,091 foreclosure starts last month, and 427 closings.
Foreclosures surged in New Jersey last month
http://www.nj.com/business/index.ssf/2013/08/foreclosures_surged_in_new_jer.html#incart_river_default
might as well delete my comment too. wasn’t sure if you saw that story yet….
Beat you by a minute, I only just noticed it.
#178 (Previous thread) AG
” Try again. If you are going to call me a racist I want to earn it.”
You earned it a long time back.
https://njrereport.com/index.php/2012/06/15/shadows-get-a-little-brighter/#comment-513404
“Election year politics. This Kenyan b_stard and his baboon faced wife make me ill. Id love to disect the upper jaw out of Michelles face with a hammer.”
Do Steve Martin, Robin Williams, Jerry Seinfeld etc etc etc, or any other comedian who starts in stand up and goes on to make movies, TV and a boat load of cash, get a sympathy vote?
Yup
http://www.theguardian.com/commentisfree/2013/aug/15/republicans-big-problem-with-crazy
Any hope that the defeat of Mitt Romney in November 2012 would begin to drain the GOP’s fever swamp has gone by the wayside – and Republicans have no one to blame but themselves. In nurturing and radicalizing its extremist fringe – in pursuit of short-term gain – the Republican establishment created a political Frankenstein. Increasingly, however, it looks as though the monster’s first victim is going to be them.
For everybody wondering about Shore Guy, I heard from him yesterday after I wrote to him about the GTG. He said to hi to all and would like to make it to a GTG but can’t make this one. He was not affected by Sandy because he hasn’t lived at the shore for awhile, but visits it often. Hopefully he’ll be back on the blog soon.
Again CC is messing with the Judicial. I wonder what she did to p1ss him off?
At least we can say he’s bi-partisan.
http://www.nj.com/politics/index.ssf/2013/08/supreme_stunner_christie_declines_to_nominate_justice_hoens_for_lifetime_tenure.html
Another CC one-liner:
“You got two choices as governor: You either sidle up next to them and whisper sweet nothings in their ear and try to hope they just don’t punch you,” Christie said, according to Politico.
“Or the second alternative is: You punch them first.”
http://www.nj.com/politics/index.ssf/2013/08/christie_republican_convention.html#incart_river
clot, this one is from ZH your favorite source of info
@FabiusMaximus01: Fox News upset that a beach bum gets food stamps. Fox OK a/ billions to mining corps, defense corps, banks, ag corps. http://t.co/ra2FufW2qy
[15] anon
When’s the last time a beach bum gave anyone a job, a loan, or built you an F-18?
What’s being built on Union Ave right off 46 in Totowa….huge clearing…????
And I am enlightened to see that Fabius and anon are on Zerohedge. I thought they got all their “news” from Mother Jones, and all their economic analysis from Krugs
17- I think that just might end up being a huge clearing but I’ll keep an eye from the bus tonight. That shopping center has been dead dead dead for two years.
Christie says he wants to equitably distribute school funding in the state. Problem is, when he tried to start doing that, the supreme court said it violated the state constitutional requirement to fund Abbott districts and made him send more.
http://www.nj.com/news/index.ssf/2011/05/christie_supreme_court_abbott.html
He’s tried to appoint people who’s values are more aligned with his but the State Judiciary comittee jerks him around and practically blocks his appointments.
State senate president has an ax to grind with Christie…I don’t remember exactly why, but none of Christie’s prefered appointees will ever be approved by the state legislature because of it. So, I can’t stay I’m all that surprised.
13.Fabius Maximus says:
August 16, 2013 at 8:14 am
Again CC is messing with the Judicial. I wonder what she did to p1ss him off?
At least we can say he’s bi-partisan.
http://www.nj.com/politics/index.ssf/2013/08/supreme_stunner_christie_declines_to_nominate_justice_hoens_for_lifetime_tenure.html
I am alive. Hope to be back at some point after the storm subsides.
Nom found it by accident coming here.
After lasts nights foray into the wilderness with Mollycoddle Michael I’m taking today off from the ill informed.
Troll Michael is an open communist apparently and biased about a lot of things(I think he’s in the teacher union), but he’s right about the 15% capital gains tax.
Cap gains taxes should be 15% higher than the highest income tax bracket. Bankers love to conflate all the different types of rich and paint themselves as the job creators etc, but the monied interests should be treated differently than the professional and entrepreneurial wealthy.
Warren Buffet buys Heinz ketchup, guts the corporation, and pays himself massive dividends at a low tax rate? Complete BS, incentivizing that type of rapaciousness is detrimental for the country and the economy and is a big factor in the growing wealth divide.
Juice- responding from yesterday- I didn’t mean 500 mil a year, I was talking net worth. I will try to cite my info, but it takes long to cite info that is common sense. I haven’t brought up info that most people in this blog need a citation for proof. I have focused on pretty generalized info. It just conflicts with their philosophical beliefs.
Now, now, Michael doesn’t play any less fair or is any more opinionated than others here on the econ left.
My only objection is that he and his fellow travelers don’t typically take the time to investigate and provide legit support for their claims. They would rather spout a Mother Jones/MSNBC/Alternet/Kos talking point and lay back to be convinced. I’ve gotten flack for not engaging but I really don’t feel the need, nor do I have the time, to do all the analysis for those who have already made up their minds. I prefer to let history take care of them for me.
23- here we go with the communist bs. Another McCarthy, spewing nonsense accusations. I’m not a teacher either. I refuse to go into my personal information after i was told I had already given too much. I told you my sister is a teacher in Paterson, and I find it wrong the way people bash teachers, ESP in the toughest schools. If it’s such a waste of money, cut it off, then watch what happens. There is a reason Abbott funding has been upheld in the Supreme Court, they are trying to make this a better overall state to live in. You selfish pricks can’t see that.
Do the research, take an econ course, and post information that supports your point (and I don’t mean anecdotal…).
That’s all people are saying.
Personally, I think people on both sides of the aisle have valid points but your posts just seem regurgitated bias. Sorry, but you won’t have any credibility here until you do that.
25.Michael says:
August 16, 2013 at 9:02 am
Juice- responding from yesterday- I didn’t mean 500 mil a year, I was talking net worth. I will try to cite my info, but it takes long to cite info that is common sense. I haven’t brought up info that most people in this blog need a citation for proof. I have focused on pretty generalized info. It just conflicts with their philosophical beliefs.
[23] nwnj
You can always change that rate by legislative fiat. But while it will never be very precise, it seems to me that this one change that is easy to model.
http://www.cbo.gov/sites/default/files/cbofiles/attachments/43334-TaxElasticityCapGains.pdf
cap gains are 20% + 3.8% in 2013
nwnj says:
August 16, 2013 at 8:50 am
Troll Michael is an open communist apparently and biased about a lot of things(I think he’s in the teacher union), but he’s right about the 15% capital gains tax.
Cap gains taxes should be 15% higher than the highest income tax bracket. Bankers love to conflate all the different types of rich and paint themselves as the job creators etc, but the monied interests should be treated differently than the professional and entrepreneurial wealthy.
In fact short term cap gains are 39.6 + 3.8 + 9 = 52.4% confiscatory?
In fact short-term cap gains are 39.6 + 3.8 + 9 = 52.4% confiscatory?
In fact short-term cap gains are 39.6 + 3.8 + 9 = 52.4% conf!scatory?
In fact short-term cap gains are 39.6 + 3.8 + 9 = 52.4% confis-atory?….get past the moderation
Holy Sh1t!!!
http://www.gpo.gov/fdsys/pkg/FR-2013-08-09/pdf/2013-19224.pdf
I have to go back and check my math. Using the figure of 75 names per page, and with 15 full pages, plus 19 from partial pages, I came up with 1,144 expatriates named in the quarter ended June 30, 2013.
That just blows away the two prior quarters, both records, and shows that the pace of rats (according to Michael, anon, and Fabius) jumping ship is increasing at an exponential rate.
Wonder what famous names will be shown up on this list, now that MSM is paying attention to it?
And Michael, explain to me why, at a time when taxes are, by your research definitions at a historic low, we are seeing a greater number of “wealthy” turn in their passports than at any time in our history? It would seem counterintuitive. I suppose the only answer is racial hatred for a black president, right?
You think sellers in this Cali town are happy with this guy? He is a one-man blight.
http://news.yahoo.com/norcal-mayor-demands-bank-drop-221210280.html
“Uncertainty over Litigation” is going to be the new excuse for redlining.
nom what most of the ultra libs fail to grasp is the inerquality of the tax system and by and large its’ picking of winners and losers through tax breaks loop holes and subsidies.
i’m not against paying taxes I’m against paying nearly 40% of my take home pay to taxes. A simplified tax code wouls unleash a lot of buying power in this country which will create jobs, but shallow thinkers can’t seem to grasp the concept.
31- I’m not citing this, just my guess. The new wealthy don’t hold allegiance to countries anymore. They are sick bastards. They are globalists. They are in a never ending search for a way to increase their profit by avoiding to pay taxes at all cost. Look at the causes of the French Revolution compare it to today. Tell me what you think? I find it very similar in that the upper class didn’t want to pay their fair share, causing the lower classes to flip and a state of anarchy ensued.
I’m not really into parties or labels, but you brought up communism in the last post. You seemed to view it positively.
And who said that Abbotts make the state a better place to live? A lot of parents here and elsewhere have stated that it’s effective at bringing the standard lower for the high performing students and not much else beside fattening a few wallets.
Michael says:
August 16, 2013 at 9:08 am
23- here we go with the communist bs. Another McCarthy, spewing nonsense accusations. I’m not a teacher either. I refuse to go into my personal information after i was told I had already given too much. I told you my sister is a teacher in Paterson, and I find it wrong the way people bash teachers, ESP in the toughest schools. If it’s such a waste of money, cut it off, then watch what happens. There is a reason Abbott funding has been upheld in the Supreme Court, they are trying to make this a better overall state to live in. You selfish pricks can’t see that.
#31 ..WSJ had a big article recently about this spike
#17..someone is building there, tons of trucks, other side of 46
clotluva,
Regarding your comment from yesterday… I’d rather you respond to my statements that from my perspective it seems like your ideas of organizing a movement and lobbying the govt for your interests is just another form of theft.
(26)
Now, now. Michael is not a communist. He is a landlord. A good slumlord, like I am. Keep the good work. On the other hand, Michael, you say Abbott is for the good of the state. The Supremes decisions have made life miserable for most of the taxpayers of this state. How many billions of dollars have been diverted from non-Abbott districts as a result of all this? I would say my property taxes would be 1/3 less if funding was equitable.
Ask yourself, how many tens of thousands of homeowners have had to move out from NJ in order to escape confiscating taxes. The Supremes have murdered the Senior citizens of this state. Do they care about them?
#17 I think this is it…
Digital Realty Will Build Data Center in Northern NJ
http://www.datacenterknowledge.com/archives/2012/11/27/digital-realty-will-build-data-center-in-northern-nj/
With its supply of data center space in northern New Jersey running low, Digital Realty Trust has acquired a property in Totowa, N.J. for $16.8 million, the company said today. The company said it plans to convert a former Hoffman-LaRoche warehouse into a data center offering nearly 16 megawatts of IT capacity, with further expansion possible down the road.
The 271,000 square foot redevelopment property at 701 Union Boulevard sits on 34 acres of land, and is approximately 20 miles west of the George Washington Bridge. Existing area substations can support the 15.75 megawatts of power for the initial phase of redevelopment. Digital Realty plans to construct a 50 MVA onsite substation to support future development at the site.
I don’t think you should cut it off, but if you’re going to send state money to schools, can we at least send the same amount per pupil to each district?
I’m not a rich guy…just a regular guy, can’t really afford private school so I’ll be sending my kids to public school as do most Asbury Park, Newark, Patterson etc parents. My $6500 property tax bill is a good chunk of my paycheck. If we’re going to send money to schools, can my district and Abbott districts at least get the same amount per pupil?
Michael says:
August 16, 2013 at 9:08 am
23- here we go with the communist bs. Another McCarthy, spewing nonsense accusations. I’m not a teacher either. I refuse to go into my personal information after i was told I had already given too much. I told you my sister is a teacher in Paterson, and I find it wrong the way people bash teachers, ESP in the toughest schools. If it’s such a waste of money, cut it off, then watch what happens. There is a reason Abbott funding has been upheld in the Supreme Court, they are trying to make this a better overall state to live in. You selfish pricks can’t see that.
#31
http://online.wsj.com/article/SB10001424127887323977304579002780562003814.html?KEYWORDS=expatriation
Number of Americans Renouncing Citizenship Surges
Expert Says 2013 on Pace to See Highest Number of U.S. Expatriations Ever.
Article Stock Quotes Comments (369) more in Markets | Find New $LINKTEXTFIND$ ».
smaller Larger facebooktwittergoogle pluslinked ininShare.45EmailPrintSave ↓ More .
.smaller Larger
By LIAM PLEVENand LAURA SAUNDERSCONNECTThe number of U.S. taxpayers renouncing citizenship or permanent-resident status surged to a record high in the second quarter, as new laws aimed at cracking down on overseas assets increase the cost of complying and the risk of a taxpayer misstep.
A total of 1,130 names appeared on the latest list of renunciations from the Internal Revenue Service, according to Andrew Mitchel, a tax lawyer in Centerbrook, Conn., who tracks the data. That is far above the previous high of 679, set in the first quarter, and more than were reported in all of 2012.
Taxpayers aren’t required to explain the move, but experts said the recent rise is likely due to tougher laws and enforcement.
“The IRS crackdown on U.S. taxpayers living abroad seems to be having an effect,” said Mr. Mitchel.
The IRS declined comment.
Lags in reporting renunciations might mean that many who appeared on the current list made the move months earlier. Taxpayers who renounced can be subject to an exit tax, and people who renounced last year may have avoided higher taxes on capital gains and income that went into effect in 2013.
The U.S. is rare in that all income earned by citizens and permanent residents, even those living abroad, can be subject to U.S. tax, according to Bryan Skarlatos, a New York lawyer. The U.S. also confers citizenship on people who are born on American soil.
The U.S. launched the tax crackdown after the terrorist attacks of Sept. 11, 2001, and ratcheted up its efforts after 2009, amid evidence that UBS AG UBSN.VX +0.05%and other foreign institutions helped U.S. taxpayers hide assets.
Some taxpayers have applied for IRS limited-amnesty programs, in which they pay stiff penalties for past noncompliance but avoid prosecution.
Tax lawyers say the crackdown has ensnared smaller violators who weren’t intentionally evading U.S. taxes.
In addition, a law enacted in 2010, the Foreign Account Tax Compliance Act, or Fatca, requires foreign financial institutions to certify they aren’t hiding U.S. taxpayer assets, which lawyers say is leading some to reject U.S. customers.
Taxpayer penalties for failing to report assets can be severe, including up to 50% of an account balance for each year.
The web of rules is “overly burdensome,” said Jeffrey Neiman, a former federal prosecutor who led the 2009 UBS case, which resulted in the bank’s agreeing to a $780 million settlement. He now is a lawyer in private practice in Fort Lauderdale, Fla. “You basically find yourself in this continuous nightmare.”
The cost of complying with various rules and regulations can be steep even for people with small tax bills.
Carol Tapanila, who moved to Canada more than 40 years ago and is now retired, renounced her citizenship in November and appeared on the current list. She says her U.S. taxes amounted to about $250 last year and she didn’t take the step to avoid paying them.
Legal and accounting fees and other costs of making sure she was in compliance in recent years have added up to nearly $40,000, says Ms. Tapanila. “It is nothing but stress.”
Expatriation can also be costly, requiring that taxpayers prove they have properly paid five years’ taxes, among other things.
Write to Liam Pleven at liam.pleven@wsj.com and Laura Saunders at laura.saunders@wsj.com
The obstacles are widespread: New Jersey hasn’t benefited from a resurgent manufacturing industry; federal taxes rose in January; upstart economies in China, Brazil and India have slowed; and gasoline prices spiked in July, diverting consumers’ disposable income to their gas tanks, said Patrick J. O’Keefe, director of economic research for CohnReznick, a New York accounting firm.
But it’s different here. Right? Right? I said, f.ucking right? 650K price tags with 14.5K taxes is the norm. You know, we’re prestigious.
Brian no because you advantaged snowflakes and my advantaged snowflakes are rich by the fact that we can afford property taxes.
Fabius/anon,
Would you have a problem with (let me do my best to phrase it correctly) letting the tea tards in fly over country cecede?
Fabius Maximus says:
August 16, 2013 at 8:11 am
Yup
http://www.theguardian.com/commentisfree/2013/aug/15/republicans-big-problem-with-crazy
secede
Brian – I have long felt that the state should define what qualifies as a “thorough and efficient” education and fully fund it out of the income tax in each district. No more Abbott if everyone is getting funded fairly. If a district then wanted to tax itself into oblivion in order to offer Mandarin and Placenta Encapsulation classes, it could then vote to do so.
Want to know why my property taxes are so high? The Glen Ridge BOE gets a grand total of $720k from the state of NJ. I wonder how much we send to Trenton in taxes.
http://www.glenridge.org/cms/lib02/NJ01001358/Centricity/Domain/8/A9RE592.pdf
[31] errata
Corrections to earlier post. International Tax Blog reports 1,130 expats (he counts, I estimate) in the last report. Also, this is the second consecutive quarterly record, not third–there was an outlier report at the end of 2012 with only 45 names, so what we see in 2013 may be backlog reporting.
[47] redux
And FWIW, experts in this area (not really me) continue to say that this number is underreported.
Gator. You’re misquoting. This is what it really says:
(TAXATION AND FINANCE), SECTION IV, PARAGRAPH 1. The Legislature shall provide for the maintenance and support of a thorough and efficient system of free public schools for the instruction of all the children in the State between the ages of five and eighteen years.
Note the difference: thorough system vs thorough education. Also, note the age range. The bastard Supremes forced NJ to become nannies for 3 year olds. Why don’t they get it?
gator pretty much the same up here in tawny Randolph
Michael my 500m a year comment was bait. YOU want to take assests, LAND for example to extract more taxes from the wealthy to fund the inner city failed experiments. You don’t have to be card carrying to be a RED.
xolepa,
Exactly. How can any lawyer/judge with a straight face say it’s constitutional to mandate 3-4yo preschool?
gator according to Doherty’s web site Glen ridge was 15.3 million in tax receipts for a big fat 0 returned.
42/43. key passage from said article:
“But once in office, Republicans had a funny way of never really carrying through with their tough rhetoric. Rather than do away with social security or Medicare – they strengthened it and expanded it. Rather than slash government spending or the size of the federal bureaucracy – they increased it. The more visceral imperative for Republican officeholders was to provide tax breaks for their wealthy supporters, weaken regulation (be it financial, environmental or workplace) and, above all, hold on to their political power. Going after sacred cows like social insurance programs or popular spending programs, or working to enact abortion restrictions, were political nonstarters (or were quickly shelved once they became political liabilities).”
http://www.state.nj.us/education/data/grate/2012/gradrate.xls
Gator, what bothers me most about it is more money doesn’t solve anything. We are funding failure. Just check out some of the graduation rates for Abott district schools…..see for yourself Michael.
45.NJGator says:
August 16, 2013 at 10:45 am
Brian – I have long felt that the state should define what qualifies as a “thorough and efficient” education and fully fund it out of the income tax in each district. No more Abbott if everyone is getting funded fairly. If a district then wanted to tax itself into oblivion in order to offer Mandarin and Placenta Encapsulation classes, it could then vote to do so.
Want to know why my property taxes are so high? The Glen Ridge BOE gets a grand total of $720k from the state of NJ. I wonder how much we send to Trenton in taxes.
http://www.glenridge.org/cms/lib02/NJ01001358/Centricity/Domain/8/A9RE592.pdf
52
baa
ykirirfb http://www.ge19wfmt7mxuv487u72m763o0b46bb93s.org/
aykirirfb
[url=http://www.ge19wfmt7mxuv487u72m763o0b46bb93s.org/]uykirirfb[/url]
“out of 588 school districts, we give 31 (former Abbott) districts 70 percent of the aid.”
Chris Christie on Friday, November 18th, 2011 in a forum at the University of Notre Dame
http://www.politifact.com/new-jersey/statements/2011/dec/01/chris-christie/Chris-Christie-claims-31-former-Abbott-districts-r/
f*ck me these are frightening numbers
TRENTON 030 Daylight/Twilight H.S. S 7.69% 12.89%
TRENTON 050 Trenton Central H.S. S 59.29% 54.80%
http://photos.nj.com/the-times/2011/03/trenton-central-high-schooljpg.html
57.Painhrtz – Disobey! says:
August 16, 2013 at 11:31 am
f*ck me these are frightening numbers
TRENTON 030 Daylight/Twilight H.S. S 7.69% 12.89%
TRENTON 050 Trenton Central H.S. S 59.29% 54.80%
Mother Threatened for Feeding Baby Goat’s Milk Instead of GMO-Soy Formula
http://tv.naturalsociety.com/mother-attacked-feeding-baby-goat-milk-not-gmo-soy-formula/
Parinhrz
As someone who grew up in a 2bed 1 bath for years in Randolph, I think it’s quite a stretch to put Randolph in the same category as Glen Ridge. A lot of houses on that street and the neighborhool have upgraded though so people want to stay and live there.
Pain,
Not exactly apples to apples. But here’s another example of what you said. The cowards didn’t go in with a swat team and guns blazing… (cause they would have been in danger).
http://www.bizjournals.com/philadelphia/news/2013/08/15/fbi-raids-philadelphia-sheriffs-office.html
Neighbors in a Fountain, Colo., community are demanding a family remove a ramp they installed outside their front door for their handicapped daughter, saying the structure threatens property values.
The neighbors said they’ll sue if the homeowners, Vincent and Heidi Giesegh, don’t dismantle the ramp, a local television station reported. But the parents say the ramp is necessary for their 16-year-old daughter, Kirsten, who has cerebral palsy.
http://www.washingtontimes.com/news/2013/aug/14/family-handicapped-girl-dispute-neighbors-ramp/#ixzz2c5rJlx8J
Randolph got $12.7M in state “aid”.
http://www.state.nj.us/education/stateaid/1314/district.pdf
Abbott funding has been upheld in the Supreme Court, they are trying to make this a better overall state to live in. You selfish pricks can’t see that.
Please clue us in to how Abbott funding has improved these schools at all. None of it ever makes it into the classroom. The teachers in Abbott districts are paid less. Their buildings and classrooms are deteriorating. All of that money goes into extremely top heavy administration, capital expenditures for politically connected firms, and consulting fees. I’ve spoken to dozens of teachers within these districts. It’s amazing that they spend twice as much “per student” as the suburbs due, yet somehow, they are still in the crappiest buildings and paid less than everyone else. Where does the money go because it sure as hell doesn’t go into the school.
Michael, after your kid graduates Camden HS, will he/she be going straight into the infantry?
If we ever went back to conscription armed forces, I’d expatriate in a heartbeat. I didn’t raise my kids to get shot at on behalf of Jamie Dimon.
yep your right NWNJ, guess being close to mendham has its priveledges. And we spent it on a new astro turf field for the high school, solar panels, and the baseball field is currently being upgraded with french drains and new fencing to protect said solar panels. So sure it is being spent effectively but I’m wrong on my numbers. Still graduation rate above 90%. Which is funny because my former Abbott district is at 76% which is probably exactly where it was when I graduated in 1991.
Dan spent some time in Roxbury growing up so I totally know what your talking about. there are definitely some lower middle to low income sections in most of the good end Morris Co. towns. Mendham Chatham and Madison included. Believe the same goes for Glen Ridge. Don’t be fooled either I don’t think Randolph is Shangrila though I have some friends in town who think it is.
Pain,
My kids right now would be going to Wayne Valley if we stay here which while not a war zone has plenty of problems. Randolph to me would be a lateral move. Wayne Hills a slight step up, Roseland/North Caldwell a step up, Glen Ridge or Millburn a big step up.
Any prem league fans interested in my fantasy money league? Season starts tomorrow – I’m prepared to do nothing all day but watch TV…
Brian 58 – When Montclair needed to hire a new HS principal in 2009, they hired the principal from Trenton Central.
1987 Condo says:
August 16, 2013 at 8:43 am
What’s being built on Union Ave right off 46 in Totowa….huge clearing…????
data center with lots of computer servers.
Scrapple 65 – Lib, Lil Gator and I will be saying a special thank you to Jamie Dimon tonight from the JFK Concorde Lounge. Thank you Jamie for the low cost BA first class tickets. And thanks too for the $50 5 star hotel room in London.
We promptly cancelled our Chase cards once we got our almost free travel awards.
http://i1.cpcache.com/product/769358003/hillary_clinton_2016_michelle_obama_2024_car_mag.jpg?color=White&height=460&width=460&qv=90
1987 [38];
I can get them a good deal on the empty (former) Realogy building in Parsippany (5% commission will cover me quite nicely, heh).
North Jersey has been turning into data center central lately. I think there are a half a dozen in Clifton, and they’ve taken over large chunks of office and industrial space.
The ADP conversion is probably most notable, across from the Costco in Clifton. I believe that’s Credit Suisse’s power hungry monster. I’m sure there were a few hundred employees when it was ADP. I think there are 4 parking spots out front now.
I think Telx is building out it’s second site in Clifton now, 200k square feet.
Speaking of wide swaths of vacant office space.
Heard a piece a few weeks back around office space macro trends, but had only caught a few salient points, not many details, and certainly not enough to research it further.
The premise was that the reason the US has so much vacant office space, especially older buildings, is because file cabinets are disappearing.
I thought that to be a pretty curious statement, but it makes sense.
They talked about ap, invoices, employee records, manufacturing records, procurement records, internal memos, etc etc etc, all almost completely eliminated by digital technologies.
Thinking back the first big office buildings I worked in, I remember rooms upon rooms with nothing but file cabinets, and warehouses full of paper records, and hallways lined with HON cabinets, etc etc. I suppose this was all circa mid 90s. We had email back then, but it was still very common for folks to print out the email and stuff it in a file folder, which just made more paper. How about those stupid faux wood grained cardboard long-term records storage boxes?
Lends itself to a very different viewpoint, especially when you drive by those vacant megaliths.
#76…in addition they are moving people out of offices….in the 1990’s we begged to work from home and were denied, then in the 2000’s we had the option, now, in last few years, they have closed offices and made us work from home..granted I am in sales but they are now pushing the sales support, solution engineers out and now some ops folks too….
27-Brian- yes, these economists are so amazing esp the banking and finance sector. These greedy bastards almost crashed our economy into the ground. Of course they get bailed out, which goes against their free market beliefs, and best yet no one goes to jail. You guys are as blind as they come. Yet someone from Paterson robs a bank for 5,000 and goes to jail for a long time. These guys take the loan and give themselves bonuses for almost destroying the economy. You guys got some great idols. Pain aspires to be one. Three blind mice…sing it!!
“Do the research, take an econ course, and post information that supports your point (and I don’t mean anecdotal…).”
Not bipolar, multiple personalities
Dan in debt- Are you seriously putting down wayne hills? It’s no 35 in the state!! You guys are never happy. Just like to bitch about bs beliefs you have tricked yourself into believing. There are over 300 public schools, not everyone can be top 10
Gator, libtard, other…
Is it better to cancel a card immediately or closer to the end of the year (pre annual fee)?
#75/76,
Makes sense. Don’t forget that companies are also eliminating cubicles. My former employer and current employer have completely moved to rows of desks. It sucks. Constantly hitting person behind me not to mention tripping hazards. Lack of basic privacy goes without saying. Sad part is why build new building if you are going to move everyone into one area. Whole floors are empty. No foresight.
I finally figured you guys out. You really are racists. A person from Glen Ridge is crying that it’s not fair some of my taxes go to helping the less fortunate. Do you know how inconsiderate you sound? You think it’s fair that these people were born into a system that is not fair for them. The word “rich” cannot exist without “poor”. For you guys to sit here and belittle these people and not even have an oz of compassion is really really sad. You are definitely racist, you are just in denial. You guys are the type that say I’ve got mine, who cares about anyone else. It’s rather sad. Bitter men who can’t be happy about living in Glen Ridge, no you still have to knock the little guy down. Do you know what the % is of escaping the ghetto? It’s a long shot!!!! For every Glen Ridge citizen, there has to be 30 people Newark living like shit, so these individuals can have a bigger piece of the pie. You guys are seriously sick.
And not all Abbott districts are a failure. Camden, Newark, trenton, and Paterson are a mess. Why? Because of white flight!!! They left these cities with nothing. If the state doesn’t give these districts money, they will have none!!! You guys are awful. You really don’t get it but sure act like you do. Kings only understand Kings. They will never understand the people they are serving. It’s so easy to say people from Paterson are lazy. That they are there because they have no work ethic. Do you see where they live. They don’t know anything outside of Paterson. And if they do venture out, everyone looks at them with two heads. You think they really have a chance at upward mobility? Just be happy they are the one’s living like sh-t so that we can live the good life. Nothing wrong with throwing them a bone once in a while, they are after all human beings. Without them being poor, you couldn’t be rich. I know this, hence why I show them compassion.
Why do they turn to drug dealing? Yea, cause they want quick cash, I know. They don’t see any other way to make money. Why do you think they dont have ambition, because there is no light at the end of the tunnel. You guys just don’t get it. If God is real, I feel bad for you.
Michael = Realtor 101
Michael [82];
I finally figured you guys out. You really are racists. A person from Glen Ridge is crying that it’s not fair some of my taxes go to helping the less fortunate. Do you know how inconsiderate you sound?
That is what is called a non sequtir; even if there is a demonstration of greed, it has nothing to do with race. You’re just so steeped in the leftist culture that you use “racist” as a swear word when none other will suffice.
You think it’s fair that these people were born into a system that is not fair for them. The word “rich” cannot exist without “poor”. For you guys to sit here and belittle these people and not even have an oz of compassion is really really sad.
You’re entitled to your opinion. Havana awaits you, Comrade.
You are definitely racist, you are just in denial. You guys are the type that say I’ve got mine, who cares about anyone else. It’s rather sad.
Back to the “racist” as all-purpose epithet; to a leftist its like running home to mommy’s warm embrace.
Bitter men who can’t be happy about living in Glen Ridge, no you still have to knock the little guy down.
Are you sure about that? I know at least one fact in there that you have wrong, and your c0cksure attitude betrays your willingness to leap to other conclusions on faulty facts and premises.
Do you know what the % is of escaping the ghetto? It’s a long shot!!!! For every Glen Ridge citizen, there has to be 30 people Newark living like shit, so these individuals can have a bigger piece of the pie. You guys are seriously sick.
Translation – I can’t defeat the argument, so I’m lashing out at you personally (see also, ad hominem). A very common trait among immature psyches. I hope you make it to the GTG, but since it is a bar you’ll have to be over 21… I’m not so sure.
Racist? Who are you kidding? Those guys wouldn’t help poor white people either.
By the way, do you have a Che t-shirt?
75-grim- that def makes a lot of sense!!
87-grim- lol your sense of humor is awesome!!
and the Camden kid should better proudly take a bullet on behalf of Jamie. and if for some reason gets out of it alive, none of that bitchin about needing a decent job, no free health care for you. None of that as to why your tax rate is higher than Jamie’s.
Another reason to be proud of W.
“Soldiers Face Neglect, Frustration At Army’s Top Medical Facility.
By Dana Priest and Anne Hull
Washington Post Staff Writers
Sunday, February 18, 2007
They suffer from brain injuries, severed arms and legs, organ and back damage, and various degrees of post-traumatic stress. Their legions have grown so exponentially — they outnumber hospital patients at Walter Reed 17 to 1 — that they take up every available bed on post and spill into dozens of nearby hotels and apartments leased by the Army. The average stay is 10 months, but some have been stuck there for as long as two years.”
Scrapple n’Ricin says:
August 16, 2013 at 11:53 am
Michael, after your kid graduates Camden HS, will he/she be going straight into the infantry?
If we ever went back to conscription armed forces, I’d expatriate in a heartbeat. I didn’t raise my kids to get shot at on behalf of Jamie Dimon.
Grim is right, not racist, just don’t give a sh-t about anyone but themselves. You guys really are Mr. Burns!!
I am not rich. Get that through your thick skull.
No one is saying inner city kids don’t deserve an education. They do. Money sent to them is squandered. They system is failing them. We are begging it be fixed. Throwing money at the problem does not work. Abbott districts have had money thrown at them since the 80’s and it’s only become worse.
83.Michael says:
August 16, 2013 at 2:41 pm
And not all Abbott districts are a failure. Camden, Newark, trenton, and Paterson are a mess. Why? Because of white flight!!! They left these cities with nothing. If the state doesn’t give these districts money, they will have none!!! You guys are awful. You really don’t get it but sure act like you do. Kings only understand Kings. They will never understand the people they are serving. It’s so easy to say people from Paterson are lazy. That they are there because they have no work ethic. Do you see where they live. They don’t know anything outside of Paterson. And if they do venture out, everyone looks at them with two heads. You think they really have a chance at upward mobility? Just be happy they are the one’s living like sh-t so that we can live the good life. Nothing wrong with throwing them a bone once in a while, they are after all human beings. Without them being poor, you couldn’t be rich. I know this, hence why I show them compassion.
I will be buying drinks for all comers tonight at the PNC VIP box. I will celebrate with my ill-gotten gains by buying my beautiful wife a t-shirt.
90-anon the good- it’s a disgrace. Sent to war to protect corporate interests, and after left on side of road dead. Seems the corporations do the same thing to their workers these days. I got mine, who cares about you!!
Brian, you are rich compared to someone from Paterson. You don’t get it.
Brian, you are comparing yourself to the ultra rich of jersey, hence why you feel poor. Imagine how someone from Paterson feels, sleeping with roaches, not knowing when you will get your next meal.
Michael don’t you think if we were REALLY wacist you would be long gone from here?
Stick around but stop posting so much, you are weaving all over the place. Sometimes listening is better. There are more than a few people that read Grim’s blog. A few dare step forward with an opinion. I commend you for stepping forward, no step back and listen.
Police to ‘surge’ into Trenton ‘war zone’
http://www.nj.com/politics/index.ssf/2013/08/state_police_to_surge_into_trenton_war_zone.html
Trenton Mayor Tony Mack is indicted on federal corruption charges
http://www.nj.com/mercer/index.ssf/2012/12/trenton_mayor_tony_mack_is_ind.html
Michael [95, 96];
Brian, you are rich compared to someone from Paterson. You don’t get it.
And “someone from Paterson” is a 2%-er compared to people in rural China, India, Africa. You really wouldn’t like it if your expressed principles were actually applied globally as you state them.
So, that’s your interest in NJ Real estate — i.e., to what do we owe the pleasure of your company?
Question – From a financial perspective, if you are on welfare, is there any overall benefit to living in a high cost state vs a low cost state?
So, if you were living completely on government subsidies, is NJ the place to do that? Or would somewhere out in the midwest be best?
Just wonder, if I ever lost my job, money, etc, what the best approach would be.
Or is it irrelevant entirely (section 8 means that overall housing cost differences are effectively neutralized)?
Digging up this oldie but goodie, Michael – you sure about the rich keeping the poor down?
http://www.zerohedge.com/news/2012-11-27/when-work-punished-tragedy-americas-welfare-state
Anon moose- I would love to help people out from other countries, but lets focus on one thing at a time. My focus is on the u.s. and the idea that some cities are worst than these 3rd world nations. Have you guys ever stepped out of your neighborhoods and ventured into parts of cities in our own state? Don’t give me that a person from Paterson would be 2% in Africa. That’s the racist thoughts I’m talking about. The person living in Africa is not much worst off than the person in Camden. You just refuse to acknowledge it!!
This is an interesting one too:
http://www.zerohedge.com/article/entitlement-america-head-household-making-minimum-wage-has-more-disposable-income-family-mak
I would love to make us government foreign aid to other countries illegal.
The workin’ man is a sucker.
101-grim- The problem with this is jobs. It’s all nice to say take away welfare, it makes people rely on the system. But that is the problem, take it away and what do these people do. I keep beating the drum, but it comes down to not enough job creation. If the powers that be don’t want to create more jobs, you are going to pay for it another way. If you take away welfare and jobs, you are left with desperate people that will do desperate things. Is this where we want to go.
I just can’t say oh well, not enough jobs, sucks for you!! But a lot of people seem ok with that. Pretty sad. You guys probably tip 5% when you go out to dinner. Saying why do I have to tip so much. Screw them I’m paying enough for this food already. Too bad that waiter is getting paid 2 dollars an hour a-hole. Don’t go out to eat if you don’t want to tip.
Brian- no kidding!! The working man has always been a sucker. Go look at the French Revolution, the whole entire upper class refused to pay a tax. So the king raised it on the bottom 95%, when they couldn’t even afford to feed themselves. You know the end result, head on a platter anyone? That whole situation of total chaos could have been avoided by not being greedy.
Michael (79) and (83),
The only delusional one in your response is yours or it’s a lack of reading comprehension. I wasn’t putting down Wayne Hills. I was saying it’s a little better than Wayne Valley and I’m the one paying taxes for both of them. I was also pointing out that Randolph people shouldn’t think of themselves as that great compared to so many others. The difference between you and me is I’m talking about towns I know and you talk about towns you know nothing about. I live and work in the towns I mention (Randolph, Wayne, Millburn) and you throw out loony theories on towns where you can’t say the same.
Let me “Help me help you” out of your wacky thinking. You want to bring up that not all Abbott districts are a failure but all you do is name failure Abbott districts. Name the successful Abbott districts then. The nerve of people like me thinking that results matter in what we spend our money on.
Everything does not have to based on stupid greedy economic principles disguised as feel good lines for the wealthy. The economy has to be run efficiently says the guy worth 10 billion. What the hell is so efficient about one guy accumulating 10 billion dollars for the general population. Please explain. Screw 10 billion, one guy accumulating 50 billion, worth more than entire countries. It’s forbidden to put a cap on what someone can accumulate, it will hurt their ambition to earn more. Says the rich guy. He doesn’t see how one person accumulating 50 billion, is hurting the general population. It’s not efficient to put all the money into a few hands. But it’s brilliant and good for the economy says backwards economists. Why does everything always have to be so competitive? Why do we always have to progress? Why can’t we just be happy with our families and fellow human beings? Nah, it’s always about money, so much that we are destroying our planet for money. Just insane.
An example of you not knowing your towns and making points was when you discussed more volunteers firemen needed in Irvington and all these other poor and towns or cities. Good luck getting that free time from that many people in these places. Even in nice wealthy towns, it’s tough getting volunteer squads staffed 24/7/365 with people who can afford to volunteer. How many volunteers you going to consistently get to risk their lives to get shot at or stabbed when getting a call to a fire in a potential drug den or how many volunteer EMT’s if you can even find them are going into the worst neighborhoods at 3am to get the 74 year old lady with chest pains?
Michael, My father emigrated to this country in 1949 after living under communism and Hitler all his life. Does he owe minorities anything? Should he have white guilt?
Dan- I live in Pines Lakes and deal with people like you on a daily basis! Always crying about taxes. 9 out of 10 kids at wayne hills are white. Do you even understand how crazy that is in this day and age? Esp being so close to Paterson? That’s why you pay high taxes. Get over it and pay it, or go where the taxes are cheaper. You can’t have the best of both worlds. I’m just sick of cry babies like you! I really hope the wayne council doesn’t approve this redevelopment plan!! It will hurt our town long term, but then again people only look at the short term.
Michael [102];
I would love to help people out from other countries, but lets focus on one thing at a time. My focus is on the u.s. and the idea that some cities are worst than these 3rd world nations.
Guido Calabresi, former dean at Yale Law still teaches there. He has been known to take a poll of his first-year students, asking for a show of hands from those who favor higher progressive marginal taxes to fund greater social welfare spending. You may not be surprised to learn that a class full of elite Yale law students overwhelmingly favors such a policy.
He then asks for a show of hands for those who favor randomly granting admittance for half the Yale Law entering class without regard to traditional measures of academic achievement. It would be an understatement to say that support falls off dramatically.
The conclusion he shares with the class is that it is far easier to favor redistribution of other people’s advantages than one’s own.
Have you guys ever stepped out of your neighborhoods and ventured into parts of cities in our own state? Don’t give me that a person from Paterson would be 2% in Africa. That’s the racist thoughts I’m talking about.
There you go again with you “racist” as all-purpose epithet. It has nothing to do with race — the population of sub-Saharan might superficially look strikingly similar to the demographics of Patterson. But in this case, it’s simply a fair approximation of the statistical reality. Deny it if it makes you feel better to do so; but you’re only entitled to your own opinion, not your own facts. $34,000 per capita annual income puts one in the 1% worldwide; and “the global median income is just $1,225 a year.” What do you think the value of the typical social safety net is in America? Close to $34,000 a year? Easily. More than the median global annual income of $1,225? Probably eclipse that in a week.
The person living in Africa is not much worst off than the person in Camden. You just refuse to acknowledge it!!
Life expectancy at birth for sub-Saharan Africa: 54.17 year; Passaic County, NJ (including Patterson), black persons, both sexes: 72.0 years.
This is the kind of thing I mean by bringing your JV/intramural game to a Div I-A discussion.
Michael [102];
I would love to help people out from other countries, but lets focus on one thing at a time. My focus is on the u.s. and the idea that some cities are worst than these 3rd world nations.
Guido Calabresi, former dean at Yale Law still teaches there. He has been known to take a poll of his first-year students, asking for a show of hands from those who favor higher progressive marginal taxes to fund greater social welfare spending. You may not be surprised to learn that a class full of elite Yale law students overwhelmingly favors such a policy.
He then asks for a show of hands for those who favor randomly granting admittance for half the Yale Law entering class without regard to traditional measures of academic achievement. It would be an understatement to say that support falls off dramatically.
The conclusion he shares with the class is that it is far easier to favor redistribution of other people’s advantages than one’s own.
Have you guys ever stepped out of your neighborhoods and ventured into parts of cities in our own state? Don’t give me that a person from Paterson would be 2% in Africa. That’s the racist thoughts I’m talking about.
There you go again with you “racist” as all-purpose epithet. It has nothing to do with race — the population of sub-Saharan might superficially look strikingly similar to the demographics of Patterson. But in this case, it’s simply a fair approximation of the statistical reality. Deny it if it makes you feel better to do so; but you’re only entitled to your own opinion, not your own facts. $34,000 per capita annual income puts one in the 1% worldwide; and “the global median income is just $1,225 a year.” What do you think the value of the typical social safety net is in America? Close to $34,000 a year? Easily. More than the median global annual income of $1,225? Probably eclipse that in a week.
Con’t [113];
The person living in Africa is not much worst off than the person in Camden. You just refuse to acknowledge it!!
Life expectancy at birth for sub-Saharan Africa: 54.17 year; Passaic County, NJ (including Patterson), black persons, both sexes: 72.0 years.
This is the kind of thing I mean by bringing your JV/intramural game to a Div I-A discussion.
#37 Joyce
I’m saying that “fair” or not, these are the tools available. It’s no more or less fair than folks at hedge funds being able to employ quants to program high frequency algos for the purpose of picking off retail traders one nickel at a time…or the average person trying to tackle Marshawn Lynch in the open field. The fact that most people would end up with broken arms and a cleat-print in the forehead might be unsavory, but it doesn’t mean we don’t all have the same opportunity to compete according to the same rules. (And once again, I don’t condone cheating or breaking the law and I do believe that there are always going to be people among us who wouldn’t have a problem stealing from their own mothers if they could get away with it…)
joyce says:
August 16, 2013 at 10:07 am
clotluva,
Regarding your comment from yesterday… I’d rather you respond to my statements that from my perspective it seems like your ideas of organizing a movement and lobbying the govt for your interests is just another form of theft.
111-xolepa- maybe your father should have stayed there and not been given an opportunity, based on your stance. It’s ok to give your father’s generation of immigrants an opportunity but not today’s generation? I don’t get it?
http://www.youtube.com/watch?v=KIOufqxat9I
could have replaced ‘voting rights’ with ‘gun rights’ and the conversation wouldn’t have skipped a beat… probably would have been on a different channel though
115- lol clot destroyed you!!!! You have been served!!!
114- you forgot to mention the access to hospitals playing a role in that life expectancy. You probably want to take away that free access too. I look at it as 72 years of living in hell . That’s my point.
Do you know how many roaches I’ve swallowed as a kid because they crawled into my mouth while I was asleep…….WTF is your problem? you are the trollinator….
Michael says:
August 16, 2013 at 2:57 pm
Paterson feels, sleeping with roaches, not knowing when you will get your next meal.
9 out of 10 kids at wayne hills are white.
8/10 is probably more accurate.
81.1% White
10.2% Asian
6.6% Hispanic
1.7% Black
0.2% Pacific Islander
0.1% Mixed Races
I guess you can’t be helped Michael. I appealed my taxes to match my neighbors but I don’t recall complaining about the taxes being too high here on this blog. I guess I shouldn’t be too surprised you made this up since you think everyone here is racist anyway so go ahead, add pieces to your stories true or not to make your arguments.
Fair or not… it’s not fair.
These are the tools available… no they’re not, not to me and a whole host of other people. Go to washington and get a sitdown with a cabinet member, congressman, hell try the same in trenton, try to get their assistants attention. I’ll make it easier, pick up the phone and get someone on the line. Nope not happening.
High frequency trading (and I’m referring to them being able to see orders & quotes a mili-second before others) is flatly illegal by current law. The fact that it’s allowed and ‘regulated’ is just another example of the well-connected cronies acting with impunity.
“but it doesn’t mean we don’t all have the same opportunity to compete according to the same rules” we don’t all play and live by the same rules
clotluva says:
August 16, 2013 at 3:51 pm
#37 Joyce
I’m saying that “fair” or not, these are the tools available. It’s no more or less fair than folks at hedge funds being able to employ quants to program high frequency algos for the purpose of picking off retail traders one nickel at a time…or the average person trying to tackle Marshawn Lynch in the open field. The fact that most people would end up with broken arms and a cleat-print in the forehead might be unsavory, but it doesn’t mean we don’t all have the same opportunity to compete according to the same rules. (And once again, I don’t condone cheating or breaking the law and I do believe that there are always going to be people among us who wouldn’t have a problem stealing from their own mothers if they could get away with it…)
Your argument is totally flawed. What’s the cost of living here. Try to live on 1,000 dollars a year here. Stop throwing out statistics, for the sake of trying to make yourself feel better.
“There you go again with you “racist” as all-purpose epithet. It has nothing to do with race — the population of sub-Saharan might superficially look strikingly similar to the demographics of Patterson. But in this case, it’s simply a fair approximation of the statistical reality. Deny it if it makes you feel better to do so; but you’re only entitled to your own opinion, not your own facts. $34,000 per capita annual income puts one in the 1% worldwide; and “the global median income is just $1,225 a year.” What do you think the value of the typical social safety net is in America? Close to $34,000 a year? Easily. More than the median global annual income of $1,225? Probably eclipse that in a week.”
All your statistics did was prove how little 60,000 a year is in this state. Thanks for validating it.
Re: [119];
Too bad I won’t get to meet you at J&R (or any other bar), at least for a few years.
Further, The Securities Act of 1934 tells us that all means by which one may manipulate prices are illegal. Period. The law is clear on this point:
(2)To effect, alone or with 1 or more other persons, a series of transactions in any security registered on a national securities exchange, any security not so registered, or in connection with any security-based swap or security-based swap agreement with respect to such security creating actual or apparent active trading in such security, or raising or depressing the price of such security, for the purpose of inducing the purchase or sale of such security by others.
Got it? The entry of orders for the purpose of other than actually transacting in the security at the given price — that is, to induce others to trade, to raise or lower the price, to do anything other than to actually transact — is illegal.
Period.
It is also illegal to:
(1)For the purpose of creating a false or misleading appearance of active trading in any security other than a government security, or a false or misleading appearance with respect to the market for any such security,
So the entry of an order without intent to actually execute is a violation.
All of this arm-waving is a pure refusal to enforce the law. Nothing more, nothing less.
http://market-ticker.org/akcs-www?post=209947
(more cites and commentary found within)
If a person is living on welfare and is getting compensated 34,000, why do they have to live in the ghetto. 34,000 is a joke in this state now. Can’t get you out of a roach infested apartment. That’s what it tells me.
“What’s wrong with it?”
“It sounds like it was written by a high school girl.”
http://youtu.be/716qbOv3a4M?t=17s
127- Nice comeback Joyce!! Strong argument right there.
NJ Median household income, 2007-2011 $71,180
http://quickfacts.census.gov/qfd/states/34000.html
STFU troll loser
Michael says:
August 16, 2013 at 4:13 pm
127- Nice comeback Joyce!! Strong argument right there.
Re: [124];
Stop throwing out statistics, for the sake of trying to make yourself feel better.
By all means, let’s decide social policy on the basis of The Simpsons, not statistics.
Grim- you are right I confused the demographics with Pines Lake elementary school.
Ethnicity School District
White, non-Hispanic 89% 84%
Asian/Pacific Islander 7% 8%
Hispanic 4% 6%
132- you all think the same. Proved my point about not being open minded. You all direct anger about posters you don’t like or agree with by calling them “trolls”. Interesting.
Anyone else notice that Michael didn’t include the black population in his school district. He must be a racist to exclude them.
Michael [134];
Since you live in Pines Lake, wouldn’t that make you the racist? [TIC]
Michael [135];
you all think the same.
Nope, no danger there of sterotyping — you forgot to mention we all look alike, too.
Proved my point about not being open minded. You all direct anger about posters you don’t like or agree with by calling them “trolls”. Interesting.
I lost count of how many people you called racist since your appearance. Pot… Kettle… Glass Houses… etc.
I directed anger at you because you’re annoying. In terms of the internet/blogs/comments/etc… troll has a specific definition and you fit it perfectly. You’re obviously not open minded. You have your preconceived notions and ideas. I agree with moose… step up of step off.
And moose #133, statistics/simpsons… I spit my coffee
or*
Regarding with meeting with Congressmen…I’ve had several dozen meetings with staffers in the past two years…they don’t meet with me because I’m clotluva, they meet with me because who and what I represent.
If you feel certain laws are not being enforced fairly, start an organization, define your mission, develop a constituency, and learn the issues enough so that you are taken seriously (“Coalition for Equitible Securities Information”). If enough people agree with you, you will be taken seriously and given a seat at the table. From there things will change. If you stubbornly think that “someone else” should be doing this, then therein lies your problem. I’m sure punters hate tackling the punt returners when the 10 other guys that are paid to stop him don’t, but sometimes he has to put his big-boy pants on and step up. It’s then that you get to see what they are made of…not when they are on the sidelines complaining about their teammates performance.
Got it?
joyce says:
August 16, 2013 at 4:05 pm
Fair or not… it’s not fair.
These are the tools available… no they’re not, not to me and a whole host of other people. Go to washington and get a sitdown with a cabinet member, congressman, hell try the same in trenton, try to get their assistants attention. I’ll make it easier, pick up the phone and get someone on the line. Nope not happening.
High frequency trading (and I’m referring to them being able to see orders & quotes a mili-second before others) is flatly illegal by current law. The fact that it’s allowed and ‘regulated’ is just another example of the well-connected cronies acting with impunity.
129- anon moose- thanks for the video post. Read some comments and thought this was funny.
UncleMikeNJJan 13, 2013
And that, Sam, is why President Bartlet said you’re going to RUN for President someday, but didn’t say you would WIN. The top 20 percent have 80 percent of the money. Until they pay 80 percent of the taxes, they are NOT paying their fair share.
Thank the Abbott districts for bringing that figure down.
joyce says:
August 16, 2013 at 4:13 pm
NJ Median household income, 2007-2011 $71,180
http://quickfacts.census.gov/qfd/states/34000.html
141
clotluvu
I’m trying to use the examples of current laws not being enforced. I haven’t even gotten to the laws I want added and removed. You’re telling me I’m responsible for enforcing the current laws? I was under the impression that we employed public servants to do that. Have I been misinformed?
Anon- Don’t get mad I destroyed your argument with your own statistics. Damn you must hate me!!! You comeback at me for using the Simpsons. Nice comeback buddy!!! Too bad you can’t understand half of the jokes going on during an episode of the Simpsons. There is a joke about u.s. society on avg every 15 sec.
Michael,
Go pick up an old large dictionary, look up the word “median” … when you’re done, try to use the dictionary to smack yourself in the back of the head.
Mike, Why waste time on us heartless racist Mr Burns types when there are thosands of people in Montclair ready to listen and make you their mayor?
Michael [142];
Way to miss the forest for the trees. Not only did you latch onto something said in the comments, what you latched on to is objectively disprovable.
In 2009, the top 25% of wage earners accounted for 65.8% of total adjusted gross income; they paid 87.3% of income taxes.
http://taxfoundation.org/article/summary-latest-federal-individual-income-tax-data-0
I hope as you get older you develop a better sense of what you find credible — you’re clearly underdeveloped there.
You have to give credit……Mikey, Mike is a quality troll….possibly also Pat, but I don’t think she would put forth this much effort…..
Where is JJ? NSFW
http://www.youtube.com/watch?v=q64hTNEj6KQ
PS – sorry for the snarky “got it?” I thought you wrote that – just realized it was in the HFT article you quoted.
I watch South Park, not the Simpsons, it also has satire. Ever see the episodes “Biggest Douche in The Universe” or “Die Hippie Die”?
clotluva,
I like your football analogy, but it doesn’t equate right now. In your example 10/11 people are trying to do their job and a fraction of the time the 1/11 has to step up and do the others’ job. In real life, everyone employed by the govt is working on their behalf and their buddies behalf… and working against the average individual.
Since you’ve met with congressional staffers numerous times, may I ask what you do/what type of people-group you’re representing? By all means, tell me to go take a hike if you don’t want to… won’t hurt my feelings.
150
no worries
Now, now boys – calm down.
It’s Friday afternoon and a gorgeous day out there. Everybody take a deep breath and appreciate all that you do have, and that on this blog everyone has a say, no matter their views.
Thanks Grim for hosting a blog where we truly can exchange views with others that maybe we normally wouldn’t meet in “real” life. Very informative and definitely entertaining.
148- Mr. Ignorant, I posted that because it came from a video supposedly supporting your cause. Jesus, another idiot using income tax to claim that the wealthy pay all the taxes. All that shows is half of America is making jack sh-t. You forgot about all the other taxes in your argument. 7% sales tax? Gas tax? I can go on and on. You people are ignorant and love pushing some billionaires talking points, defending why he has so much money. You are not a billionaire, stop defending them on the premise that you will one day get there. Sickening.
South Park is nowhere near the intellectual comedy that the Simpsons is. South Park is straight up annoying, like some child talking in annoying voices to get their pt across.
I found this funny. Why? You are far from the first person that has told me to run for a political office position!!
Ragnar says:
August 16, 2013 at 4:35 pm
Mike, Why waste time on us heartless racist Mr Burns types when there are thosands of people in Montclair ready to listen and make you their mayor?
Joyce- is it that time of month, you seem really worked up by the “troll”
Re: [155];
Mr. Ignorant,
Now, now, temper temper. Personal attack much?
I posted that because it came from a video supposedly supporting your cause.
What you posted was what some random and ignorant internet denizen like yourself said about the video. They were wrong, and so are you.
My point in posting that particular video was highlighting your immaturity — and you came back in spades. Thanks.
All that shows is half of America is making jack sh-t.
Median household income in America is about $50k/yr. As I cited earlier, what you call “jack sh-t” puts us in firmly world’s 1%. But you’re too scared to admit that because it might mean you’ll have to share what you have with the rest of the world, instead of just taking from those who you see having more than you.
And not all Abbott districts are a failure. Camden, Newark, trenton, and Paterson are a mess. Why? Because of white flight!!! They left these cities with nothing. If the state doesn’t give these districts money, they will have none!!! ….Do you see where they live. They don’t know anything outside of Paterson. And if they do venture out, everyone looks at them with two heads. You think they really have a chance at upward mobility?
So why were you so against vouchers again? Sounds like the perfect plan to achieving upward mobility.
Lol I can’t believe I just wasted two hours on this, but I love talking about this. These subjects are taboo to talk about with the avg citizen.
Joyce,
I’m not sure Michael understands the concept of median. He understands 1% and us vs. them. Median not so sure.
Michael (161),
When you call everyone who doesn’t agree with you a racist, the subjects become taboo to discuss with you.
I don’t think I’ve written this much here since the Camden bike trail guy!!!!!!
Vouchers? Because it takes public money away from the public school to a school run for profit. If you want to select the best kids, then why not just take a section of a public school, cut it off from the rest of the population, and don’t count their scores with the rest of the school. You will get the same results and some corporate leach with political ties and with no education knowledge, won’t be taking advantage of the tax payer.
Eva’s Village is a worthwhile cause to support in Patterson. evasvillage.org
Dan- It really is us vs them. 1% of the population is controlling every damn aspect of our society. Is this not a democratic republic? Not anymore!!! They are doing this on the premise that they know what’s best because they are so wealthy. They are screwing up our country by hijacking the govt and pushing their crazy ideas. ESP in education, they have no business sticking their noses in it!! That’s for communities and parents to decide.
Once again, here we go. How much of that 50 k a year is inflated by living in the country with the most billionaires and millionaires in the world?? The dagger, how come we have one of the highest poverty rates in the developed world? Russia has a lower poverty rate for god sake. So much for your 1% argument.
“Median household income in America is about $50k/yr. As I cited earlier, what you call “jack sh-t” puts us in firmly world’s 1%. But you’re too scared to admit that because it might mean you’ll have to share what you have with the rest of the world, instead of just taking from those who you see having more than you.”
By the way Israel, which follows our economic principles, has the highest poverty rate among developed nations at 20%. Greed-not meant to poke fun at the Jewish culture of being cheap.
Joyce, I take back everything I ever said about you.
You are no longer the most annoying blogger I have ever met.
I’m sure Israel is just flattered to be compared to Europe rather than their neighbors and their newfound energy won’t hurt those comparisons going forward. Some would argue they acted more like Europe until recently.
You’re assuming us and ussr define poverty same way or that Putin would release a negative number like that if he saw one.
Michael – In the time you posted today, you could have created 3-4 jobs, taking 3-4 people out of poverty.
What is stopping you? Make the jobs. C’mon, make them.
Wow. What a day.
I envy the fact that Libtard is too cheap to spring for wifi on the plane.
@SenSanders: The U.S. has the most unequal distribution of wealth and income of any major country in the world.
172- good point Dan!!
I had a college professor once teach me a valuable lesson about statistics, graphs, and projections; they are all bs just pushing an agenda. He said it’s not that they are not based on facts, it’s just that certain facts are usually ignored or left out. That old man taught me so many lessons. It was a class on the labor movement. I was disgusted about the stuff I learned in that class. Hence, why I’m very wary of the ultra rich so called good guys. Pinkerton boys, damn these guys were screwed up.
Michael sounds like a fart sniffing Prius driver.
Mike,
Don’t expect you to get that as it is apparently not good satire.
175-anon the good- stop you are making too much sense. They are going to start calling you a “troll”.
should we send minorities to the oven? America is the greatest country on earth because of the hard work of millions of people – yep, including minorities.
Hitler didn’t believe to owe anything to Jews. he’s NOT a good example to be followed.
xolepa says:
August 16, 2013 at 3:45 pm
Michael, My father emigrated to this country in 1949 after living under communism and Hitler all his life. Does he owe minorities anything? Should he have white guilt?
Holy sh1t are you nuts? What is wrong with you? Are there more like you on your home planet?
anon (the good one) says:
August 16, 2013 at 6:27 pm
should we send minorities to the oven? America is the greatest country on earth because of the hard work of millions of people – yep, including minorities.
Hitler didn’t believe to owe anything to Jews. he’s NOT a good example to be followed.
I call Godwin. Everyone drink?
Almost ready for the bourbon.
Sam Adams octoberfest is out.
But I’m thinking I might skip the beer and go straight to vodka.
Drinking goose island harvest ale on my deck while my dog barks at deer and illegals from Dover shine my monocle or so mikey thinks since I’m so wealthy to have a deck.
By the way Israel, which follows our economic principles, has the highest poverty rate among developed nations at 20%. Greed-not meant to poke fun at the Jewish culture of being cheap.
If by follows our economic principles, you mean, dependent upon US Taxpayer handouts and hellbent on building an obscenely large military, you would be correct.
Vouchers? Because it takes public money away from the public school to a school run for profit. If you want to select the best kids, then why not just take a section of a public school, cut it off from the rest of the population, and don’t count their scores with the rest of the school. You will get the same results and some corporate leach with political ties and with no education knowledge, won’t be taking advantage of the tax payer.
You seem real intent on allowing some inner city bureaucrat to get their hands on money so they can spend it on nothing to do with educating the kids. The reason these kids have no way out is because you don’t want them to get out. It seems your more content with keeping the status quo. It’s not working out for those kids.
Concorde room in JFK kicks ass. Good thing they don’t let black people in here.
Huh. Didn’t think Christie had the balls.
Gov. Christie refuses to sign 3 gun bills, including version of weapon ban he called for
http://www.nj.com/politics/index.ssf/2013/08/christie_nj_gun_control_bills_legislature_governor_2016_president.html
TRENTON — After months of pressure from both sides of the gun control debate, Gov. Chris Christie today refused to sign three controversial gun control measures sitting on his desk — including a version of a weapon ban that he had called for.
Christie altered two bills, sending them back to the Legislature — a massive measure (S2723) known as state Senate President Stephen Sweeney’s “centerpiece” to overhaul the way the state issues firearms ID cards, and legislation to require New Jersey law enforcement agencies to report information on lost, stolen and discarded guns to federal databases (A3797).
But the governor completely axed a bill that would ban the Barrett .50 caliber rifle(A3659), which is the most powerful weapon commonly available to civilians. Christie had called for a ban on future sales of the weapon in his own package of violent prevention measures outlined in April.
In his veto message delivered this evening, Christie said that his proposal to ban the weapon was more narrowly tailored than the bill the Legislature passed, which would have also required owners to give them up.
“Tellingly, the Legislature points to no instance of this class of firearms being used by even a single criminal in New Jersey,” Christie wrote. “The wide scope of this total ban, therefore, will not further public safety, but only interfere with lawful recreational pastimes.”
Assembly Speaker Sheila Oliver (D-Essex) said Christie’s veto was a “failure of leadership.”
“Instead of doing what’s right for New Jersey, he bowed to the pressures of his political party,” she said.
Bryan Miller, executive director of Heeding God’s Call, a faith-based organization focused on gun violence, called it the “most common-sensical bill in the entire package.”
“One person with one of these guns and incendiary armor piercing bullets could knock down a chemical plant and kill hundreds of people. Chris Christie clearly is courageous for his place in the Republican Party, but not for the residents of New Jersey,” Miller said.
“This shows real cowardice to put this out the public and the media at after 6 o’clock on a Friday ,” Miller added. “He wants it to be buried.
He’s more interested in running for president and making the extreme right wing feel good than he is in protecting the safety of the residents of New Jersey . ”
Even though Christie said a task force he created to study gun violence had issued the recommendation to ban future sales of the .50 caliber rifle, its nearly 100-page report made no reference to the gun. Instead, Christie included it in his own package of violence prevention measures the following week. Christie spokesman Michael Drewniak said it was Christie’s recommendation, “but it flowed from the report.”
Calling it “little more than an academic white paper,” Christie conditionally vetoed Sweeney’s “centerpiece” legislation, saying it would be unworkable and expensive. He knocked out the biggest part, which would encode firearms purchase permits on to driver’s licenses or separate photo ID cards and create a system to expand instant background checks to cover private sales.
“None of the technology necessary for this system exists,” Christie wrote. “The Attorney General, the Superintendent of the State Police, and the Chief Administrator of the Motor Vehicle Commission all note that the “smartcard” called for by this bill cannot be implemented now, or any time in the foreseeable future.”
Christie also nixed part of the bill that would require gun buyers to show they’ve undergone safety training, instead recommending that law enforcement agencies distribute pamphlets with gun permits that explain “the best practices for gun ownership”. But he left in place language that would increase penalties for a gun owners if minors access the weapon and it results in injury or death; and require those overseeing involuntary mental health commitments to ask about gun ownership.
Sweeney said that he’s still reading over Christie’s recommendations, but that the bill “would have served as a model for the nation. It was a well crafted piece of legislation that took input from all sides.”
Christie also removed a provision of a bill (A3797) that would direct the State Police to issue reports on gun trace data provided by the federal Bureau of Alcohol Tobacco and Firearms. Echoing an argument gun rights advocates made during legislative hearings on the bill, Christie said that it would violate a federal law that bans “the knowing and public disclosure of ATF trace data information that law enforcement entities receive by virtue of their participation in the ATF firearms trace system database program.”
Gun rights advocates were thrilled with the governor’s actions, calling them a “blow to anti-gun politicians and the gun ban lobby.”
“After seven months of battle over misguided legislation that won’t stop another crime or prevent another tragedy, we are grateful that Governor Christie has finally ended the discussion on the worst of the bills by tossing them onto the scrap heap where they belong,” said Scott Bach, Executive Director of the Association of New Jersey Rifle & Pistol Clubs. “These vetoes put gun-banning politicians on notice that exploiting tragedy to advance an agenda against legal gun owners, instead of punishing violent criminals, will not be entertained.”
Christie did sign one minor gun-related bill today, which will create a school security task force (A3583).
The governor signed 10 less controversial bills last week that will:
• Upgrade the crime of unlawful possession of a firearm to a first-degree crime and increase mandatory minimum sentences for such offenses by six months.
• Make the crime of firearms trafficking subject to the No Early Release Act, which requires offenders to serve at least 85 percent of their terms. The bill also requires authorities to seize cars used to smuggle weapons into the state and increases penalties to at least 18 months in prison for dealers who knowingly sell guns to customers disqualified from possessing them.
• Allow authorities to impound cars if an occupant illegally possesses a weapon of if they are used in cases of prostitution and buying or selling illegal drugs.
• Increase penalties for those who unlawfully sell or give a gun to an underage person from a third-degree to a second-degree offense with a minimum mandatory prison sentence of five years.
• Disqualify people on the federal terrorist watch list from owning guns
Others bills Christie signed last week would would give residents a 180-day window to get rid of certain illegal guns and make into law a state regulation banning the public release of personal information on firearms owners.
The bills also clarify that the total number of gun permits in a town is a public record, require submission of mental health records to the National Instant Criminal Background Check System and create a study commission on violence.
Thought Michael would beat a simpleton like anon to the Hitler reference, but I was wrong. I think I’ll call Godwin along with Hughes, and have a drink.
Having in-laws who were Holocaust survivors, all I can do is laugh at these moments with the understanding of how profoundly stupid people who press the Hitler button truly are.
#42 Joyce
Not only would I not have a problem with it, I actively encourage it. Let Texas secede and replace with Puerto Rico and you don’t even have to take a star off the flag.
#148 Moose
Even Eddie Ray gave up trying to pass off The Tax Foundation as a credible source. Bought at paid for by Koch and Big Oil.
How long does a speedball’s effect last? The coke wears off first…..then you lose consciousness and the heart arrests?
[191]fabius
Tax Fdtn is credible but not without some institutional bias. You have to discount it a bit sometimes. They aren’t nearly as addled as CTJ, TJN, or CBPP though. TPC is considered best but only because it is a clearinghouse for both sides.
In fact, funny you should bring this up. I was just laughing about this today, which came from your favorite sources and was characteristically not vetted by the synchophants before publication.
http://www.nytimes.com/2012/07/01/business/how-delaware-thrives-as-a-corporate-tax-haven.html?pagewanted=all
Delaware? Really?
NBC are pushing Premier League, I love the latest ad campaign.
Toon as Staten Island, priceless.
http://nbcprosoccertalk.files.wordpress.com/2013/08/nbc-nyc-boroughs-epl-600×600.jpg
[194] febus,
Better SI than the Bronx
[194] febus,
And what done Gooners get? Hell’s Kitchen?
Ran into Gov Christie at the PNC tonight. He was swarmed for photo ops between bands.Him and his State Police entourage were in the cheap seats and not blocking my view thankfully, they did stay till about 10ish. He needs to lose more weight if he is going to run in 2016, he just does not look like a statesman being nearly the most obese man there.
Nice score getting Higuain, gluteus.
Oh…wait…
Thank you for the auspicious writeup. It
in fact was a amusement account it. Look advanced to far added agreeable from you!
However, how could we communicate?