From the Otteau Group:
NJ Home Prices Increase for the 6th Consecutive Quarter
The combined effects of pent-up home purchase demand and tight inventory levels are causing continuing home price increases in New Jersey. Median home prices in the state rose by 4.8% in Q1 compared to one year ago. This marks the 6th consecutive quarterly increase since the housing recovery began. The median home price in New Jersey increased to $275,148 in Q1 up from $262,661 one year earlier.
The recovery in home prices has however occurred primarily in the northern part of the state while southern New Jersey continues to see a much slower recovery. The median home price in northern New Jersey increased to $303,089 in Q1 up from $286,482 one year earlier, whereas home prices in the southern part of the state increased to $187,818 from $185,053 in the prior year.
Good morning NJ
Good Morning Funnel
As REO inventory grows the divide in appreciation/depreciation will not only be north/south it will also be urban/suburban.
Bem-vindo ao Brasil!
Or are we Japan? Konnichiwa!
Can never get that one right.
Morning Mike
Beat you to the punch this morning, stole your line
Grim Answer to #6
Watashi wa kayumi no boru o motte iru!
Think thats right
@EpicureanDeal: One thing nobody can ever accuse hedge fund billionaires of doing much of: creating jobs. It’s a cottage industry.
7 – Seemed that the local democratic leadership of a number to towns we tried to work with were hell bent on not allowing us to create jobs. The best meeting we had was when a local official had so overtly/egregiously asked if we would utilize the services of what I can only assume were friends and family of that official.
You know, these sorts of things are very challenging from a code and zoning process, it would almost certainly make your life easier if you worked with … to get this done … he’s very good at navigating these sorts of things. And if you are looking for … I can give you a good recommendation there as well …
You know, it’s funny, you go from being shocked at this sort of thing, to almost welcoming it, since in most cases, it’s faster and easier just to pay the tax up front, than deal with the repercussions of not doing it it for months.
My extended family has been in construction and trades for years, and when I heard these kinds of stories, I thought they were half joking, now that we’re almost a half year into this project, I realize they were holding back. These people think they are kings, bow before me.
You all have no idea how corrupt NJ is, democrat and republican alike, rich and poor alike. Poor democrats potentially the worst, only because the rich republicans have more to lose, so they are a little bit more reserved when they hold their palm out.
This would be a good place to stop blabbing.
Grim (8):
Sucks that you need to pay a vig like that. I have heard that the town inspectors (construction, electrical and plumbing) are just as bad. Good luck to you. When you are finally up and running I will buy a couple of bottles of your finest fire water!
“Lie number one: The rich and CEOs are America’s job creators. So we dare not tax them.
The truth is the middle class and poor are the job-creators through their purchases of goods and services. If they don’t have enough purchasing power because they’re not paid enough, companies won’t create more jobs and our economy won’t grow.
We’ve endured the most anemic recovery on record because most Americans don’t have enough money to get the economy out of first gear. The economy is barely growing and real wages continue to drop.”
@BillMoyersHQ: .@RBReich unravels the 4 biggest lies about inequality in America http://t.co/ORVTEj0Pxt
How about this?
http://www.boozingear.com/beer-funnel-bongzilla-12-pack-beer-bong?utm_source=gps&utm_medium=comparisonShopping&gclid=CJa3ue7xnr4CFdF9OgodT1MA0Q
Mike says:
May 9, 2014 at 7:01 am
Good Morning Funnel
Stu: If you are on the fence about AAPL, here should be your come to Jesus moment………the true White Flag……
http://www.bloomberg.com/news/2014-05-08/apple-said-to-be-near-buying-beats-electronics-for-3-2b.html
7 – Seemed that the local democratic leadership of a number to towns we tried to work with were hell bent on not allowing us to create jobs. The best meeting we had was when a local official had so overtly/egregiously asked if we would utilize the services of what I can only assume were friends and family of that official.
You know, these sorts of things are very challenging from a code and zoning process, it would almost certainly make your life easier if you worked with … to get this done … he’s very good at navigating these sorts of things. And if you are looking for … I can give you a good recommendation there as well …
You know, it’s funny, you go from being shocked at this sort of thing, to almost welcoming it, since in most cases, it’s faster and easier just to pay the tax up front, than deal with the repercussions of not doing it it for months.
My extended family has been in construction and trades for years, and when I heard these kinds of stories, I thought they were half joking, now that we’re almost a half year into this project, I realize they were holding back. These people think they are kings, bow before me.
You all have no idea how corrupt NJ is, democrat and republican alike, rich and poor alike. Poor democrats potentially the worst, only because the rich republicans have more to lose, so they are a little bit more reserved when they hold their palm out.
This would be a good place to stop blabbing.
That’s why chains have taken over every single aspect of stores all over the place. It’s no different than the sopranos episode where they couldn’t shake down jamba juice cuz it was a chain owned by a corporation. The local officials won’t try to put up the red tape on a chain, and if they do, they just go the next town over. Moreover, some chains have entire teams dedicated to the paperwork put through for this nonsense.
There’s a place in New Haven Ct called Frank Pepes. They make a great clam pie. How did it come about? The pizza guy bought some clams off the kid that was selling them in the alley. We’d throw that kid in jail today for permit violations and illegal fishing.
Damn it….can he just STFU……
http://nypost.com/2014/05/09/obama-i-want-to-reach-out-and-save-the-kidnapped-nigerian-girls/
Grim,
I ran into the same red tape with a hot sauce business I wanted to create. You have to bottle it in a commercial kitchen and keep ph records for every batch you make. Then, any where you want to sell, you need a permit and a visit from the health inspector from each town. It’s more trouble than its worth.
Grim, it’s not just nj, it’s everywhere. You guys laughed at me when I said a while back, that college is for networking. If you went to college and didn’t build a network, you are probably now unemployed. The thing is, it’s human nature. That’s why every political system or economic system falls apart. Corruption and greed usually take it out. 80’s you could get a degree and get a job no matter what. 90’s started to get tougher. After 2000, if you don’t know someone, you are prob not getting a good job.
Don’t get me wrong, you used to be able to get a job based on skills alone, but those days
grim says:
May 9, 2014 at 8:35 am
7 – Seemed that the local democratic leadership of a number to towns we tried to work with were hell bent on not allowing us to create jobs. The best meeting we had was when a local official had so overtly/egregiously asked if we would utilize the services of what I can only assume were friends and family of that official.
You know, these sorts of things are very challenging from a code and zoning process, it would almost certainly make your life easier if you worked with … to get this done … he’s very good at navigating these sorts of things. And if you are looking for … I can give you a good recommendation there as well …
You know, it’s funny, you go from being shocked at this sort of thing, to almost welcoming it, since in most cases, it’s faster and easier just to pay the tax up front, than deal with the repercussions of not doing it it for months.
My extended family has been in construction and trades for years, and when I heard these kinds of stories, I thought they were half joking, now that we’re almost a half year into this project, I realize they were holding back. These people think they are kings, bow before me.
You all have no idea how corrupt NJ is, democrat and republican alike, rich and poor alike. Poor democrats potentially the worst, only because the rich republicans have more to lose, so they are a little bit more reserved when they hold their palm out.
This would be a good place to stop blabbing.
I just wanted to thank you guys for the input on paterson yesterday. Much appreciated.
Chi- Article from last night—– That just tells you how much investment options there are, that people would rather pay in cash, then take out a super low rate loan. It must mean that they have no where else to invest that money, so it’s better off paying in cash.
18- *many
When private bloodsuckers go after govt contracts, same thing to happen with charter schools…… Govt and private do not work together without corruption involved…
http://www.nytimes.com/2014/05/09/nyregion/medicaid-shift-fuels-rush-for-profitable-clients.html?_r=0
Small businesses create jobs. Remove barriers to entry and make it easier for upstarts to access capital.
That said, when you increase taxes on large corps, they can and will take jobs away in return, or move them elsewhere.
anon (the good one) says:
May 9, 2014 at 8:51 am
“Lie number one: The rich and CEOs are America’s job creators. So we dare not tax them.
The truth is the middle class and poor are the job-creators through their purchases of goods and services. If they don’t have enough purchasing power because they’re not paid enough, companies won’t create more jobs and our economy won’t grow.
We’ve endured the most anemic recovery on record because most Americans don’t have enough money to get the economy out of first gear. The economy is barely growing and real wages continue to drop.”
@BillMoyersHQ: .@RBReich unravels the 4 biggest lies about inequality in America http://t.co/ORVTEj0Pxt
That story has been ongoing for quite a while. I noticed that it was African American conservatives (yes they exist) that promoted the issue on twitter and on their blogs. Obama is late to the game.
chicagofinance says:
May 9, 2014 at 9:01 am
Damn it….can he just STFU……
http://nypost.com/2014/05/09/obama-i-want-to-reach-out-and-save-the-kidnapped-nigerian-girls/
My town here in Hunterdon county does not want new jobs either, but for a different reason. You have COAH (I might have misspelled the acronym, but it’s the NJ low-income housing commission) mandates that state you must allow X amount of low-income units set aside for every Y new jobs created in your town. What that means is the state mandates destruction of open space to satisfy political objectives. The town doesn’t want it and the taxpayers don’t either. This stuff causes property taxes to skyrocket upward as low-income units take a disproportionate amount of town resources.
BTW, from experience, those low-cost units are gobbled up by the insiders: Have a son or daughter that just graduated fro college? Low income? Guess what, he/she qualifies to buy a 2br townhouse for 60k! Parents put 5% down. Walla, easy living.
anon (the good one),
If they don’t have enough purchasing power because they’re not paid enough, companies won’t create more jobs and our economy won’t grow.
Learn a skill, get another job or a better job, etc. It would seem that makes more sense than bashing success.
[8] grim – Both of my BILs are very senior executives at very big NY construction firms, one public, one private. When they start a project they hire companies that act as middle men just so they have plausible deniability for all the unsavory deeds that need to completed to get through the permitting process, union negotiations, etc. They just pay these companies to do all of that stuff and I’m sure they don’t ask too many questions because they literally do not want to know.
I think “Walla” needs to go on the same list with “crush valor” and “pant up demand”.
Great post…..been saying this for a while now. If all the growth goes to the top 1%, how can the economy continue to function properly? It can’t. Plain and simple.
anon (the good one) says:
May 9, 2014 at 8:51 am
“Lie number one: The rich and CEOs are America’s job creators. So we dare not tax them.
The truth is the middle class and poor are the job-creators through their purchases of goods and services. If they don’t have enough purchasing power because they’re not paid enough, companies won’t create more jobs and our economy won’t grow.
We’ve endured the most anemic recovery on record because most Americans don’t have enough money to get the economy out of first gear. The economy is barely growing and real wages continue to drop.”
@BillMoyersHQ: .@RBReich unravels the 4 biggest lies about inequality in America http://t.co/ORVTEj0Pxt
23 – Which is also the reason for so many “self-storage” businesses popping up – high property taxes, few employees.
Ran into a business I’d no idea even existed, let alone had a demand, a weekend back.
3 guys in a massive warehouse, managing product on behalf of 3rd parties. I won’t go into details, but what they do is so ridiculously simple, it requires little to no actual training, knowledge, anything. Without going into to much detail, they take A, and move it to B. If not for the strength requirement, a 7 year old could do this. They are printing money, in massive volume. They have revenue in the low millions, with almost zero cost. Their only overhead is rent, insurance, and some packing materials, they don’t even own the inventory. I was shocked. They told me they’d kill me if I ever tried to compete, they are very secretive (and not because they are doing anything illicit). They don’t even have employees, because they are afraid someone will get in on their turf. I suspect 2 reasons for the success – #1 – their ability to get accounts #2 – that they are in the plausible deniability business. I think they know they’ll be out of business the first time the shit hits the fan, but until then, print baby, print.
Only second to this is a guy I know who brokers odd-lot consumer merchandise, and makes about a million dollars a year from his living room. Last time I talked to him he was minting money buying partial lots of over the counter drugs, mostly expired, and selling them into third world countries. You gotta have the balls to have $100k worth of product seized and destroyed without crying to be able to do this job.
Oh, and one more.
Don’t ever pay anything for a carpet, I don’t care what kind of bullshit story they tell you about a small family in some mountain village taking 7 years to weave it out of silk they spun on the fur of chinchillas, it’s a load of crap. The carpet guys, they make so much money it’s stupid. These people thinking they are getting a steal buy buying a $20,000 carpet for $5,000. Even with that discount the markup on that carpet is many hundreds percent. Worse yet are these warehouse or clearance sales, they are complete shams. These guys truck in thousands of rugs from their warehouses to these “events” and typically partner with that retailer for a cut.
Phoenix, totally agree. Did you catch my post late yesterday? Well hear it is if you didn’t. You can’t trust private vampires and corrupt politicians to come together and do the right thing.
Michael says:
May 8, 2014 at 4:55 pm
She makes a pretty damn good argument. ESP the last line, where she says that you should think twice about an expensive education in order to get a job because there are no jobs.
This is exactly why you can’t privatize education. They fuc!en raid it. You can’t have public tax money going to private business. That owner robs the tax payer blind. All these crappy for profit colleges sprang up and conned idiots into signing up at their crap school, all in the name of raiding the tax dollars. They did not care about education at all. Then the fuc!en bankers jumped in like hyenas and destroyed the system. Thanks for destroying our higher education system with the con to try and get every citizen into higher education so that you could just take advantage and rob them. How do these people live with themselves? They are nothing more than greed driven vampires. They always ruin everything with their greed. Every system and society always falls victim to greed. All I know is that we better not privatize k-12 education. It will just turn into a fuc!en business, where they come up with schemes, to profit off of children.
http://www.upworthy.com/how-america-managed-to-turn-going-to-college-into-a-bad-investment-2
Phoenix says:
May 9, 2014 at 9:18 am
When private bloodsuckers go after govt contracts, same thing to happen with charter schools…… Govt and private do not work together without corruption involved…
http://www.nytimes.com/2014/05/09/nyregion/medicaid-shift-fuels-rush-for-profitable-clients.html?_r=0
Great posts. So you are finally realizing that a lot of businesses are nothing more than cons?
grim says:
May 9, 2014 at 10:02 am
Oh, and one more.
Don’t ever pay anything for a carpet, I don’t care what kind of bullshit story they tell you about a small family in some mountain village taking 7 years to weave it out of silk they spun on the fur of chinchillas, it’s a load of crap. The carpet guys, they make so much money it’s stupid. These people thinking they are getting a steal buy buying a $20,000 carpet for $5,000. Even with that discount the markup on that carpet is many hundreds percent. Worse yet are these warehouse or clearance sales, they are complete shams. These guys truck in thousands of rugs from their warehouses to these “events” and typically partner with that retailer for a cut.
Another guy killing it by ripping off third world citizens.
“Only second to this is a guy I know who brokers odd-lot consumer merchandise, and makes about a million dollars a year from his living room. Last time I talked to him he was minting money buying partial lots of over the counter drugs, mostly expired, and selling them into third world countries. You gotta have the balls to have $100k worth of product seized and destroyed without crying to be able to do this job.”
Grim [4];
AR-GEN-TINA! AR-GEN-TINA! AR-GEN-TINA!
Speaking of Brazil, did you read that they are trowing in the towel on some of theplanned support buildings for World Cup? Many of the stadiums aren’t even finished yet.
Grim [29];
Are you talking something like drop ship order fulfillment?
Fast Eddie [24];
Learn a skill, get another job or a better job, etc. It would seem that makes more sense than bashing success.
He does what he can…
[29] Truck and/or automobile tires?
[38] TDW is interestingly absent in the Northeast. Somebody must be serving that area.
http://www.tdwonline.net/aboutTDW.html
Nah, you’d never guess it based on what I said.
[40] It sounds like the same principle as a bullion vault, just some other product. Dealers and customers are the owners of the inventory, but who owns what changes from day to day.
Grim, I’m assuming the third party is some corporation. Why do these corporations lay off people or forego raises to cut costs , and then throw away money to these three individuals?
40
There are few of them around. My company used to use one.
Funny to see boilers mixed in with sunglasses, perfumes, bikinis and lingerie in a warehouse.
“Lie number two: People are paid what they’re worth in the market. So we shouldn’t tamper with pay.
The facts contradict this. CEOs who got 30 times the pay of typical workers 40 years ago now get 300 times their pay not because they’ve done such a great job but because they control their compensation committees and their stock options have ballooned.
Meanwhile, most American workers earn less today than they did 40 years ago, adjusted for inflation, not because they’re working less hard now but because they don’t have strong unions bargaining for them.
More than a third of all workers in the private sector were unionized 40 years ago; now, fewer than 7 percent belong to a union.”
@BillMoyersHQ: Robert Reich: Four Big Conservative Lies About Inequality http://t.co/dvE5XzpaKA
http://www.washingtonpost.com/news/morning-mix/wp/2014/05/08/new-jersey-abortion-clinic-counselor-films-her-own-abortion/
Municipal bonds rallied for their fourth straight day on Friday.
Yields for bonds maturing in two years and from nine to 12 years dropped by as much as two basis points, according to Municipal Market Data’s triple-A scale.
“There’s been a rally in the marketplace and, with the continued lack of supply, it’s been tougher to find value,” Fred Bacani, head of fixed income & trading at Veritable LP in Newtown Square, Pa., said.
So far this month, the two-year had fallen three basis points to 0.35%, the 10-year dropped by four basis points to 2.28%, and the 30-year has declined by seven basis points to 3.54%, according to Municipal Market Advisors’ data.
“Munis had a positive session yesterday with particular strength on the long end of the curve,” Alan Shankel, managing director at Janney Capital Markets, wrote in a report released on Friday.
A trader in Pennsylvania said deals are being priced up because there are no bonds coming to market and there is a lot of cash.
“Munis are great right now,” a trader in California said. “There might be some sticker shock because rates are low, but they’ve been close to this low for a while. The more time you have, people become acclimated to the rate environment, and cash is trash and two percent is better than no percent.”
Ξ BLACK REPUBLICAN Ξ @blackrepublican 4m
Clay Aiken’s ‘Tolerant’ Tweet Towards “Black Republicans” and Mormons From 2012 http://www.ijreview.com/2014/05/136561-check-clay-aikens-tolerant-tweet-towards-black-republicans-mormons-2012/# …! #tcot pic.twitter.com/ZP8KvOe0VK
Exactly, anyone saying otherwise, is lying to themselves. How can you justify value. It’s all made up. Bottom line, some of the hardest workers out there, gets paid almost nothing. Some of the easiest jobs get paid the most. There is no way you can make logical sense of the value of work based on our economic system. If an alien came down to earth, and tried to make sense of the market value of what someone should get paid, he would be lost. How does one individual in charge of a hedge fund make 3.5 billion in 2013, meanwhile some plumber, busting their butt, destroying their body, sniffing chemicals, gets paid no where near that. Can’t even crack a 100,000 if he works for someone. So how do you make sense of this individual making 3.5 billion for that year? WTF did they do that justifies making 3.5 billion. Oh I get it now, value in our economic system depends on your con skills. The more you con people, the more you get paid. Work hard and you are a fool, you are only making someone else rich. This system sucks. If you can’t get raises, wtf is the point of working hard? Oh yea, that’s right, you get to keep your job. Get back in line and shut up.
anon (the good one) says:
May 9, 2014 at 11:11 am
“Lie number two: People are paid what they’re worth in the market. So we shouldn’t tamper with pay.
The facts contradict this. CEOs who got 30 times the pay of typical workers 40 years ago now get 300 times their pay not because they’ve done such a great job but because they control their compensation committees and their stock options have ballooned.
Meanwhile, most American workers earn less today than they did 40 years ago, adjusted for inflation, not because they’re working less hard now but because they don’t have strong unions bargaining for them.
More than a third of all workers in the private sector were unionized 40 years ago; now, fewer than 7 percent belong to a union.”
@BillMoyersHQ: Robert Reich: Four Big Conservative Lies About Inequality http://t.co/dvE5XzpaKA
I’m about to blow Anon’s mind!
http://www.goldmansachs.com/what-we-do/investing-and-lending/urban-investments/
Chi:
Yeah. We sold at the open this morning. We had poor attendance at our meeting last night and the vote was 4-1 to sell it. That split announcement really helped us a lot.
So basically there is no demand in the economy, due to price inflation and no wage inflation beating up the consumer. The top is flush with cash, they can’t do anything with it, because the consumer has no cash, therefore what can you invest in. What is going to drive the economy, more money thrown at the top? That seems to be working out well. Let’s just keep continuing the trend, since it is working so well.
A one time 10% hike across the board for all workers, would be the equivalent of steroids for our economy. This would get the economy going. All the growth going to the top has the exact opposite affect.
“Munis are great right now,” a trader in California said. “There might be some sticker shock because rates are low, but they’ve been close to this low for a while. The more time you have, people become acclimated to the rate environment, and cash is trash and two percent is better than no percent.”
Mitt Romney calls for higher minimum wage.
http://www.csmonitor.com/USA/DC-Decoder/2014/0509/Mitt-Romney-calls-for-higher-minimum-wage.-Does-it-matter
[34] “AR-GEN-TINA! AR-GEN-TINA! AR-GEN-TINA!”
Ah, the panache with which Argentina defaults brings a smile to my face every time. Beautiful, vibrant country . . . here we come.
For further evidence that the apocalypse is upon us, see post 45 re: abortion selfies.
The End Is Nigh (Undertaker’s Edition):
http://www.nydailynews.com/news/national/video-shows-crowd-man-high-dancing-naked-houston-street-corner-article-1.1785708
http://www.deptofnumbers.com/asking-prices/new-york/long-island/
Lmao, thanks for the share. Anyone with an oz of logic knows that you need to raise wages to jump start our economy. Things will only get better, if things get better for the majority and not the minority.
Phoenix says:
May 9, 2014 at 12:45 pm
Mitt Romney calls for higher minimum wage.
http://www.csmonitor.com/USA/DC-Decoder/2014/0509/Mitt-Romney-calls-for-higher-minimum-wage.-Does-it-matter
So basically there is no demand in the economy, due to price inflation and no wage inflation beating up the consumer. The top is flush with cash, they can’t do anything with it, because the consumer has no cash, therefore what can you invest in. What is going to drive the economy, more money thrown at the top? That seems to be working out well. Let’s just keep continuing the trend, since it is working so well.
A one time 10% hike across the board for all workers, would be the equivalent of steroids for our economy. This would get the economy going. All the growth going to the top has the exact opposite affect.
“Munis are great right now,” a trader in California said. “There might be some sticker shock because rates are low, but they’ve been close to this low for a while. The more time you have, people become acclimated to the rate environment, and cash is trash and two percent is better than no percent.”
I think it’s silly to talk about a lack of demand in an economy where people who are unemployed still have $500 iphones.
Bloodbath for government workers in NJ coming. We have just seven weeks left in the current fiscal year and they need to cut $807 million in spending.
53HR
For further evidence that the apocalypse is upon us…….
In 2013, Jayceon and Daleyza made the biggest jumps in popularity in the top 1,000 most popular baby names….
Jayceon and Daleyza
These sound like the names of new drugs to treat depression, and schizophrenia, respectively.
I hope the fire the legislature.
Juice Box says:
May 9, 2014 at 1:26 pm
Bloodbath for government workers in NJ coming. We have just seven weeks left in the current fiscal year and they need to cut $807 million in spending.
I know a guy that can get you some pretty good Daleyza if anyone’s interested.
We make Daleyza in one of our plants in Puerto Rico
my poor kid has the top baby name for boys and that is not even how we picked it. guess we are going to have to call him by his middle name
59.
Christie’s plan all along. Talk all you want but at the end of the day don’t fund the thing.
Backwards way of adding heat to the pressure cooker to increase the pressure.
Unless you choke off the “grandfathered” already retired ones, you will not solve the problem. Younger ones aren’t taking the bait.
Same with healthcare and grandpa. Which is why we are headed towards single payer.
#58… I’d think the longer term impact, or what I fear, is that the State cuts back on town/school aid and you get to see your property taxes zoom up
On LI I was doing some research on why some towns pay high property taxes on simlar sized homes.
Obvious was same sized homes in richer towns as opposed to poorer towns have a higher assessed value
Than richer towns are often incorporated which adds layer of tax and have a lot of NIMBY so they reject commerical properties and high density developments that would add to tax base. And they are all single family homes which adds a lot of kids. Supermarkets, Department stores, office complexes pay high taxes and send no kids to schools.
Finally and most interesting is the state aid to schools formular. Towns with higher incomes get less funding. I was wondering why a nearby high income towns had sky high school taxes compare to my blue collar town and realized they have to charge more as they get less from state. For instance schools in my town have not fixed anything in decades and Sandy made a mess so they needed 45 million to do this multi year project.So they recently decided to issue 30 million in long term bonds and based on the lower income the state will match that 50 cents on the dollar so boom 45 million.
“Lie number three: Anyone can make it in America with enough guts, gumption and intelligence. So we don’t need to do anything for poor and lower-middle class kids.
The truth is we do less than nothing for poor and lower-middle class kids. Their schools don’t have enough teachers or staff, their textbooks are outdated, they lack science labs, their school buildings are falling apart.
We’re the only rich nation to spend less educating poor kids than we do educating kids from wealthy families.
All told, 42 percent of children born to poor families will still be in poverty as adults — a higher percent than in any other advanced nation.”
@BillMoyersHQ: Robert Reich: Four Big Conservative Lies About Inequality http://t.co/dvE5XzpaKA
Same issue here in jersey. It is endlessly controversial here. The ratio of money going to inner city schools vs suburban and exurban districts is unbelievably out of balance in NJ though. The end result is that the middle class blue collar neighborhoods get screwed. Many of us suspect that the inner city schools are just used as ways for politically connected contractors and administrators to funnel money into their own pockets. The kids and the teachers of those districts get screwed. If you dare question this blatantly obvious corruption, you are accused of hating children and teachers.
jj says:
May 9, 2014 at 2:00 pm
On LI I was doing some research on why some towns pay high property taxes on simlar sized homes.
Obvious was same sized homes in richer towns as opposed to poorer towns have a higher assessed value
Than richer towns are often incorporated which adds layer of tax and have a lot of NIMBY so they reject commerical properties and high density developments that would add to tax base. And they are all single family homes which adds a lot of kids. Supermarkets, Department stores, office complexes pay high taxes and send no kids to schools.
Finally and most interesting is the state aid to schools formular. Towns with higher incomes get less funding. I was wondering why a nearby high income towns had sky high school taxes compare to my blue collar town and realized they have to charge more as they get less from state. For instance schools in my town have not fixed anything in decades and Sandy made a mess so they needed 45 million to do this multi year project.So they recently decided to issue 30 million in long term bonds and based on the lower income the state will match that 50 cents on the dollar so boom 45 million.
So you are saying there is demand because a person has an iphone with no job?
“I think it’s silly to talk about a lack of demand in an economy where people who are unemployed still have $500 iphones.”
The following fees are fees associated with specific units in specific buildings:
■Hudson Tea Building: 1 Bedroom 1 Bath, monthly fee of $406 per month. Includes water, hot water, concierge, fitness center, community room, shuttle to and from the PATH.
■Harborside Lofts: 2 bedroom 2 bathroom 1,812 Squre Feet: Monthly fee of $1,100 covers heat and air conditioning, hot water, water, gas, internet, concierge service, fitness center, common roof deck, PATH shuttle.
■Maxwell Place: 1 Bed 1 Full Baths 1,298 Sq. ft. Monthly fee of $736 includes basic cable, internet, water, gas, 24 hour concierge, fitness center, pool, resident’s lounge, and PATH shuttle
■2 Constitution Court: 2 Bedrooms 2 Baths 1,164 Square Feet monthly fee of $719 includes water, concierge, fitness center, pool, and children’s play area.
■W Hotel Residences: 3 bedroom 3.5 bathrooms 2,367 sq. ft, monthly fee of $1,682 includes water, hot water, heat, air conditioning, 24 hour concierge, doorman, valet parking, fitness center, and business center.
re: Beats
I can’t tell you if that was a good deal for apple shareholders or not but once in a while it’s appropriate to stop and recognize greatness. It’s pretty ridiculous to recognize the opportunity and build a $3.2B business in 6 years. Dre and Iovine are geniuses.
I haven’t ever met Dre or Jimmy, but I know a number of people behind the scenes that have worked their balls off to make that company a success. I’ve been to their hq in SM a few times, and will be out to see them again in two weeks. Shhhhh..
I get around.
It’s public education buddy. I think we all agreed a long time ago that it is in our best interest to have a somewhat educated population. Napoleon started this, because the guy understands. You take away that money, and there is no way in hell that paterson or passaic will be able to provide any type of education. You think it’s bad now, just imagine if these people can’t read or write. Yes, they dont’ have college level reading skills, but they can read and write. You want to live in a country with a bunch of people who can’t even read, then please move to another country. You won’t have to complain about paying taxes anymore. Can never understand the self-rightious greed some of you spew. Of course you probably went to public school, but now attack it. If you think paterson kids are going to be having a 100% graduation rate, you have another thing coming. 50% is realistic for those areas. You are educating 1 out 2 extremely poor children. I think that’s a realistic projection. Calling these schools failures because they don’t have a 100% graduation rate, or are not on par with the surburban schools, is wrong when you know they are serving the poorest children in our country.
Street Justice says:
May 9, 2014 at 2:11 pm
Same issue here in jersey. It is endlessly controversial here. The ratio of money going to inner city schools vs suburban and exurban districts is unbelievably out of balance in NJ though. The end result is that the middle class blue collar neighborhoods get screwed. Many of us suspect that the inner city schools are just used as ways for politically connected contractors and administrators to funnel money into their own pockets. The kids and the teachers of those districts get screwed. If you dare question this blatantly obvious corruption, you are accused of hating children and teachers.
For the love of jesus do not click this link:
http://www.nj.com/mercer/index.ssf/2014/05/undercover_operation_leads_to_arrest_of_10_alleged_prostitutes.html#incart_river_default
Hey Michael. Stop complaining about the top and try to work harder to get there yourself. Your view is overly pessimistic and screams of being a jealous sore loser. By the way, the average major recovery takes ten years. We are in year six and things do appear to be getting better. Even for us lowly 2%ers.
Something odd crossed my mind today at work. It was a bit of a deja vous moment, that took me all the way back to my grade school days. Perhaps it has something to do with this 1% argument that seems to obsess Michael’s thoughts. Well, as you all know, among my four job titles, one of them is to manage the Prepress department at our large print plant in Union. I am considering moving one of my Premedia Techs from the city to perform her job at the plant to help reduce overtime needs in Prepress as well as to provide additional coverage when we have a lapse in coverage when one of our five prepress workers calls in sick and no one is available to run plates for our presses. Five people for a three-shift operation is probably not enough, especially from February to April when we operate seven days per week and frequently require everyone to work 12 hour shifts. Well I have to write up the proposal for HR and when I have the time to proofread, I can actually write quite well. Which got me thinking. What separates me from the hourly blue collars at our plant? Why do I make six figures and they make mid fives? Then I thought back to grade school and realized that these five figure kids were really the same as the classmates that I had in grade school.
In first grade, when they split us into different reading groups, I was astounded that so many kids couldn’t read. Keep in mind, of the general population in town, my families income level was probably bottom third. My dad didn’t make much when he worked, constantly plowing his earnings back into his business so it could continue to grow. Mom was a substitute teacher in the school system so worked for peanuts and part time. So why was I in the top group? Perhaps my mom or siblings helped me learn to read at home or perhaps the nursery school I attended back in Merrick did.
A few years later, we were also separated by our math skills. This occurred in third grade. Only this time, I could tell which kids valued education and which ones didn’t. No one taught me math at home. Dad worked too hard to teach his seventh kid math and mom was too busy managing keeping the household running smoothly with seven kids to raise. Though my parents would have certainly kicked my butt if I didn’t do my homework. Likewise, whenever I received a perfect score on a test, it was hung on the front of the refrigerator for all to see.
So why am I paid so much more than the workers I manage? What makes me so different?
Well when I was in grade school, I noticed that a lot of kids didn’t always do their homework. You could tell who the class clowns would be as early as 2nd grade. You could also tell which students had parents who valued education and which ones who could not. The ones who didn’t had no issue taking their kids out of school for family vacations. Or had no issue dropping their kids off at school 15 minutes after the first period bell regardless of how disruptive that was. I went from 1st grade to 6th grade without missing a single day of school. I know, my reward at the end of each school year was all of the baseball cards collected by the teachers from kids flipping them at school, which was obviously against the rules. I had a huge card collection growing up without ever buying a pack.
My admittedly anecdotal hypothesis is that if one works hard and their family and educational values are strong, one really can get ahead of the pack. Maybe not the 1%, but maybe so too.
When I was first hired at my current employ, I was clearly being groomed for and was actually told that I was given some executive consideration from the higher ups. I went to classes for Six Sigma, Lean, TQM and a couple other catch terms of the period. Then as I got my feet wet, I realized that the sector presidents and quite frankly, every executive I met during the hiring process, really had no time for their families. There was one who showed me pictures of his new sailboat. It was really a yacht. A couple of years later, kind of to prove I remembered who he was (you know, to brown nose a bit), I asked him how he was enjoying his new boat. He said, “It had only been in the water once since he bough it. He has no time to sail.” At that point, I realized it was simply not worth it to me. Sure, this guy had the huge house and the toys and his kids were in private schools. But, I’m not sure not being involved in the upbringing of your own children is worth any amount of compensation.
Now tell me again, how making sure that Irvington High has facilities and labs that equal that of Morris Knolls, balances the playing field in any meaningful way?
Why, because they conned a generation of ghetto kids into wasting their money on overpriced headphones. What kind of value is that bringing to society? Watching ghetto kids with over sized and overpriced headphones, spend their money on this crap? Dre was smart to sell it now, those headphones will be out of style in a couple of years. But bottom line, he was selling junk. Nothing new created, except some commercials, of rappers wearing them, used to con the ghetto youth. Hustle hard.
nwnj says:
May 9, 2014 at 2:14 pm
re: Beats
I can’t tell you if that was a good deal for apple shareholders or not but once in a while it’s appropriate to stop and recognize greatness. It’s pretty ridiculous to recognize the opportunity and build a $3.2B business in 6 years. Dre and Iovine are geniuses.
#72
The fascinating part is that they’ve made fortunes in multiple times over in related but different capacities. They’ve performed, produced, been executives and now they’ve made it huge by founding a business.
These are wall st hucksters pushing paper and insider trades. How can they top this?
“These aren’t”
Not really, most of the money those schools are going to are still failing. For the most part, that money is wasted on vote buying, pandering, skimming and senseless redistribution.
Michael says:
May 9, 2014 at 2:22 pm
It’s public education buddy.
Grim…them be crack hoes.
You completely missed my point you dunce.
Michael says:
May 9, 2014 at 2:22 pm
It’s public education buddy. I think we all agreed a long time ago that it is in our best interest to have a somewhat educated population. Napoleon started this, because the guy understands. You take away that money, and there is no way in hell that paterson or passaic will be able to provide any type of education. You think it’s bad now, just imagine if these people can’t read or write. Yes, they dont’ have college level reading skills, but they can read and write. You want to live in a country with a bunch of people who can’t even read, then please move to another country. You won’t have to complain about paying taxes anymore. Can never understand the self-rightious greed some of you spew. Of course you probably went to public school, but now attack it. If you think paterson kids are going to be having a 100% graduation rate, you have another thing coming. 50% is realistic for those areas. You are educating 1 out 2 extremely poor children. I think that’s a realistic projection. Calling these schools failures because they don’t have a 100% graduation rate, or are not on par with the surburban schools, is wrong when you know they are serving the poorest children in our country.
#76
You’ve outed yourself as an idiot on multiple occcasions but you apparently didn’t want to pass this one up. How is providing selling a discretionary product a “con”?
It’s a better proposition than your slumlord tendencies. People need(vs want) housing, yet you’re profiting from it. Better yet, I’m still waiting to hear that you’re letting your tenants life rent free so they can build wealth also.
In Michael’s utopian society, nobody works, but everyone gets paid.
anon (the good one),
The truth is we do less than nothing for poor and lower-middle class kids. Their schools don’t have enough teachers or staff, their textbooks are outdated, they lack science labs, their school buildings are falling apart.
What are you doing personally to resolve this issue?
I’m not an idiot. I shouldn’t even respond, but I will. I don’t charge top dollar to my tenants. Maybe, that’s why my second floor tenants have been there since early 90’s when my grams owned it. People that have problems with tenants are people that treat their tenants with no respect and try to rip them off anyway they can. I don’t do this, and I have not had problems. I am treated with respect, as I treat them with the same respect. I am not renting out my apartments for free. That’s an idiotic statement.
Yes, most business in America is a con. They “market” their products. It doesn’t matter if the product is good or bad, they will con people into buying it either way. Did you ever analyze a commercial? They use every psychological trick in the book to con you into buying something you don’t need. Making 3.2 billion off of oversized headphones is all marketing. Stop kidding yourself. NO ONE NEEDED THOSE HEADPHONES until they were CONNED INTO THINKING THEY DID.
nwnj says:
May 9, 2014 at 2:38 pm
#76
You’ve outed yourself as an idiot on multiple occcasions but you apparently didn’t want to pass this one up. How is providing selling a discretionary product a “con”?
It’s a better proposition than your slumlord tendencies. People need(vs want) housing, yet you’re profiting from it. Better yet, I’m still waiting to hear that you’re letting your tenants life rent free so they can build wealth also.
Geez…Michael inherited his rental property. This goes far to explain his thought process.
Micheal. You are in no position to fault the rich.
And take a marketing course some time. All advertising is a con. Regardless of who buys the products. Heck, 80% of hedge funds don’t beat the indexes. Yet that’s where the wealthy invest. They are conned too. Either that, or they like to gamble and they don’t have the time.
To be honest, I didn’t read your last two lines. I read the beginning and thought it was another person asking why we need to send money to the urban schools. It ticked me off and I jumped to conclusions without reading the whole post. I was wrong and I’m sorry.
Street Justice says:
May 9, 2014 at 2:35 pm
You completely missed my point you dunce.
Re 75 I was the class clown, never studied, parents did not care if I studied and enjoyed life. Pretty much did the same first decade out of college.
My secret is folks like you are burnt out by 35. I only started working at 35 so I am fresh as a daisey. I eat Harvard and Stamford men for lunch. Once when I was 40 I was working on some stressfull project with some 38 year old Harvard guy. He looked and acted like an old man. Well he had been busting his hump since first grade meanwhile I made it clear through graduated school without really working.
[73] Lib -Exactly. You can’t fix what’s wrong in the homes by dumping boatloads of money into the schools.
Yes, well you summed up my point. Most of the wealth in this country was built on a con and not value.
Libturd in Union says:
May 9, 2014 at 2:51 pm
And take a marketing course some time. All advertising is a con. Regardless of who buys the products. Heck, 80% of hedge funds don’t beat the indexes. Yet that’s where the wealthy invest. They are conned too. Either that, or they like to gamble and they don’t have the time.
Exactly, how many class clowns are killing it out there. I wish the students that worked hard and were smart became our 1%. I wouldn’t have a problem with them. But I have seen too many class clowns con the nerd into making them a boatload of money. Most nerds exhibit the following: They follow ethics, are too trusting, do the right thing, and have no intentions of screwing someone over. You can never make it in the American business scene with those traits.
Hbo has this funny new series. It’s called Silicon Valley. What I have just stated is the basis of that show. Check it out.
jj says:
May 9, 2014 at 2:52 pm
Re 75 I was the class clown, never studied, parents did not care if I studied and enjoyed life. Pretty much did the same first decade out of college.
I agree, but at the same time, you can’t just cut off those schools from money because throwing money at the problem doesn’t work. They need some kind of money to function.
The Original NJ ExPat says:
May 9, 2014 at 2:53 pm
[73] Lib -Exactly. You can’t fix what’s wrong in the homes by dumping boatloads of money into the schools.
Spread Sheet
Grammar Rules in Real Estate
It’s not just English teachers who notice misspellings in luxury-home listings; typos and missing commas can slow sales and drag down prices
By Sanette Tanaka
Real-estate agents, better take out that red pen.
An analysis of listings priced at $1 million and up shows that “perfect” listings—written in full sentences without spelling or grammatical errors—sell three days faster and are 10% more likely to sell for more than their list price than listings overall.
On the flip side, listings riddled with technical errors—misspellings, incorrect homonyms, incomplete sentences, among others—log the most median days on the market before selling and have the lowest percentage of homes that sell over list price. The analysis, conducted by Redfin, a national real-estate brokerage, and Grammarly, an online proofreading application, examined spelling errors and other grammatical red flags in 106,850 luxury listings in 52 metro areas in 2013.
For an industry without a universal stylebook, real-estate agents vary greatly in their listing descriptions. While some brokerages have created internal guidelines, much of the actual writing is still left up to the discretion of listing agents.
“It’s ubiquitous in this business. Bad grammar, misspellings, stray commas, missing periods—it’s all part of listing descriptions,” says Mickey Conlon, associate real-estate broker with Core in New York.
Good spelling and grammar may indicate the agent is attentive to other details as well, like pricing the home correctly and weighing offers, says Karen Krupsaw, vice president of real-estate operations at Redfin.
“You can get a sense of what the transaction will be like based on the listing description. If it’s exceptionally sloppy, then it’s a warning sign of a potentially sloppy transaction,” Mr. Conlon says.
Aside from errors, the analysis also looked at style preferences in listings. One of the most common: phrases written in all-capital letters. These listings saw the least success in terms of sale price, with only 5.6% of homes selling above list price. The practice is most common in Las Vegas, where 28.5% of listings were written in all capital letters in 2013, compared with 8.4% of listings nationwide.
Las Vegas had the highest rate of for-sale listings in all-capital letters, even though the practice led to smaller comparative gains in sale price, according to Redfin and Grammarly. Zuma Press
Common abbreviations, like “bdrm” for “bedroom,” and short phrases fared well by comparison.
Amy Williams, a broker with Century 21 Real Estate Consultants in Charlotte, N.C., says abbreviations are necessary in multiple-listing services with low character limits. “That’s why we see people resort to abbreviations, to fit everything in,” says Ms. Williams, adding that her MLS caps listing descriptions at 500 characters.
Last year, Francine Chalmé Meyberg, an agent with Berkshire Hathaway HomeServices California Properties in Encino, Calif., had a $1.499 million listing for a five-bedroom home in Bell Canyon. In addition to the home’s many features, the listing boasted a kitchen “updated w/ redone cab. & recs. lit., & opens to the the bk. area & lg. fam. rm. w/ fipl. & access to the majestic outside.” Her cramming paid off. She sold the property within months of listing for $1.425 million.
94 – I wonder if “Live Royal” lady ever rented her place.
#75..Conscientiousness is a leading predictor of success…in about a month, my wife will get calls from concerned parents wondering what their child can do to get a passing grade for the year to avoid summer school….still too early, need to wait till June, note that all homework assignments and all grades are posted online all year long…
Elvira: Hey, Jose. Who, why, when, and how I [sell my house] is none of your business, okay?
http://online.wsj.com/news/articles/SB10001424052702304885404579547683767522574?mg=reno64-wsj
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Michael:
This video is for you. It sums you up quite well.
http://www.youtube.com/watch?v=fxGqcCeV3qk
“Lie number four: Increasing the minimum wage will result in fewer jobs. So we shouldn’t raise it.
In fact, studies show that increases in the minimum wage put more money in the pockets of people who will spend it — resulting in more jobs and counteracting any negative employment effects of an increase in the minimum.
Three of my colleagues here at the University of California at Berkeley — Arindrajit Dube, T. William Lester and Michael Reich — have compared adjacent counties and communities across the United States, some with higher minimum wages than others but similar in every other way.
They found no loss of jobs in those with the higher minimums.
The truth is, America’s lurch toward widening inequality can be reversed. But doing so will require bold political steps.
At the least, the rich must pay higher taxes in order to fund better-quality education for kids from poor and middle-class families. Labor unions must be strengthened, especially in lower-wage occupations, in order to give workers the bargaining power they need to get better pay. And the minimum wage must be raised.
Don’t listen to the right-wing lies about inequality. Know the truth, and act on it.”
All Hype,
LOL! You nailed it!
So, the truth lets out. Little Mikee inherited his properties. Honestly, I didn’t even tell any of my relatives about my properties. That includes my brother and parents. Don’t want to stir up jealousies, even though my brother is a 1%er living off tax-free munis.
Honestly the what makes you a good student makes you a bad worker.
Cheating – At work shortest time possible, get the answer cut and paste is good. For example I was asked to write a procedure manaual for a department once in four hours. The client thought it would take two week. I finished in two hours. I had several from other companies and just customized. it.
Networking, BSing, chit chatting all bad in schools great in business.
Well rounded. Well I spent my youth partying, going to bars, clubs you name it. No one talks about tenth grade spanish class. But one night in tenth grade I went and saw Stephenwolfe in concert in a bar till two am. that makes for interesting stories.
Also I know how to do stuff, fix a car, fix a bike, repair a house, roll a joint, you name it.
Speed reading. When you have to read a whole text book one hour before exam you read fast. I was up to 6,000 words a minute at one point. I dont retain it for long. But I can glance at a page in a meeting and talk to the page, it is gone from head but impressive.
I did a meeting recently and I bought notes with me to hold in hand. Afterwards someone said that was immpressive you only glanced down once or twice and did whole thing from memory. AHHHHH those papers had a few scribbles on them I was holding them to look like I prepared something and I glanced at them to pretend I wrote something. This comes from years of getting up in class pretending I read the book or did the assignment.
Teachers teach you how to fail.
92.Michael says:
May 9, 2014 at 3:06 pm
Exactly, how many class clowns are killing it out there. I wish the students that worked hard and were smart became our 1%. I wouldn’t have a problem with them. But I have seen too many class clowns con the nerd into making them a boatload of money. Most nerds exhibit the following: They follow ethics, are too trusting, do the right thing, and have no intentions of screwing someone over. You can never make it in the American business scene with those traits.
Supervising the Earth’s climate—or at least believing humanity can achieve such miracles—may be the only political project grandiose enough for President Obama. So it shouldn’t surprise that after reforming health care and raising taxes, the White House is now getting the global-warming band back together, though it is still merely playing the old classics of unscientific panic.
On Wednesday the White House released the quadrennial National Climate Assessment, an 829-page report. The theme is that “this is not some distant problem of the future. This is a problem that is affecting Americans right now,” as Mr. Obama told lovable weather personality Al Roker.
His “Today Show” interview was one of eight hits with television meteorologists to promote the report, part of a coordinated political campaign to scare Americans into supporting his anticarbon tax-and-regulation agenda. The report is designed to dramatize the supposed immediacy of climate change by concentrating on droughts, floods, heat waves, torrential rains, wildfires, polar-vortex winters and other indicia of the end of days. Everybody “gets” the weather.
But as a marketing exercise, the report has the feel of that infomercial footage of the people who can’t crack an egg or perform routine household tasks until they acquire this or that as-seen-on-TV product. The cautious findings of serious empirical climate literature are so obviously exaggerated and colored that the document is best understood as a political tract with a few scientific footnotes.
For instance, the report’s “overview” summary asserts that “extreme weather events with links to climate change have become more frequent and/or intense,” climate change is already “disrupting people’s lives,” and “this evidence tells an unambiguous story.” Good thing we’ve been building that ark in the backyard.
But the fine print that few will ever read acknowledges the real uncertainties of something as complex as the planet’s atmosphere. “There has been no universal trend in the overall extent of drought across the continental U.S. since 1900,” the authors observe. We also learn that “trends in severe storms, including the intensity and frequency of tornadoes, hail, and damaging thunderstorm winds, are uncertain and are being studied intensively.” And so on.
The National Climate Assessment matters because it serves as the underlying justification for carbon-related regulations. Introducing bias into this primary source (though it does not make new analytic contributions) will distort the rule-making process across the government for years to come.
The report reveals less about climate than it does about the method of the President who described the night he won the Democratic nomination as “the moment when the rise of the oceans began to slow and our planet began to heal.” The White House is telling all and sundry that Mr. Obama wants to fill out his last two and a half years in office with action on climate change, but the report shows he doesn’t want an open or honest debate.
The crisis mentality of the green industry is not new, and books like “Silent Spring” and “The Population Bomb” inflated ecological problems to elicit a political response. Yet importing this tone into an ostensibly neutral government report corrupts the scientific enterprise, which is supposed to be the gradual displacement of ignorance by knowledge.
Disinterested, objective scientists have the humility to admit that this evolution is contingent and provisional. But climate liberals invoke the authority of science to shut down debate and justify their pre-existing preferences for more government spending, redistribution and control of the economy. The critics are then denigrated as Ptolemys who haven’t discovered Copernicus.
Could it be that skeptics have simply concluded that the costs of decarbonizing the U.S. economy exceed the possible gains? Mr. Obama and his green allies are demanding that people who are currently alive make vast economic sacrifices including a lower standing of living in exchange for theoretical benefits that may or may not accrue decades or centuries hence. Americans are supposed to accept diminished economic prospects in return for a climate plan that will be at best pointless when the developing world doesn’t go along, and all on the basis of computer models that cannot accurately predict past temperatures, let alone the future.
Inherent scientific uncertainty and the possibility that the models are wrong means that the best insurance policy is economic progress. Floods have been happening since the Old Testament and natural disasters are not unknown in the American experience. California has gone through droughts before and will again. But a more affluent society is better placed to adapt to whatever nature and such byproducts of modernity as fossil fuels oblige humans to confront.
The irony is that to the extent Mr. Obama’s agenda damages economic growth, he is leaving the country less prepared for climate change. Gallup recently reported that only a third of Americans worry about global warming and that the share that thinks the threat is exaggerated rose 15 percentage points to 42% over the last two decades. If liberals are wondering why the public is skeptical, one reason is because politicians are abusing science.
Good poster that gets the point across, wtf is wrong with America.
http://m.imgur.com/5GvWV
So you are saying there is demand because a person has an iphone with no job?
You damn skippy. And you can bet there will be plenty of demand for the next iphone as well.
105- I don’t care about the Nordic countries and what they do. That’s a stupid comparison. The parts that hit home is how we put a generation in debt based on a con to make a dollar. Everyone does not belong in college. You need to create jobs for people that don’t go to college, not sell them a con that takes the whole country down with it
Hahaha….that’s a great line
move to Congo. no taxes, no govt, no regulations. self-starters who don’t need anybody can make billions there without being suffocated by the govt
Michael says:
May 9, 2014 at 2:22 pm
You want to live in a country with a bunch of people who can’t even read, then please move to another country. You won’t have to complain about paying taxes anymore.
@BillMoyersHQ:
Walmart, the country’s largest private employer, pays 825,000 workers less than $25,000 a year.
http://t.co/Y6yYG8MLlk
104- chi, if I take a drop of oil and put it into a glass of water, would you drink it? Anyone that claims that the industrial revolution hasn’t changed this planet is beyond talking to. It’s nice to think that burning tons of fossil fuels will have no effect on the planet, but you have to be an idiot to come up with that. Go in your garage, leave the door shut, and then tell me burning fossil fuels does nothing.
It’s even crazier to think that Obama is using climate change to control the economy and collect more taxes.
That’s awesome. Right, where’s the rush to take advantage of the land with no govt or regulation? You would think all these people would be rushing there, since that’s what they want. You know since the govt holds them back. Instead they all flock to the most regulated economies. Could it be it’s all sham? That they really want regulation, because it maintains the status quo for the connected? That without govt regulations, monopolies can’t be maintained because I will just take my gun and shoot you. Could you imagine trying to be wealthy with no govt? You would last 10 seconds before you are attacked. Isn’t it ironic that the wealthiest citizens complain about govt, when it’s govt that allows them to exist. Without govt, they would not exist, the mobs would attack.
anon (the good one) says:
May 9, 2014 at 4:58 pm
Hahaha….that’s a great line
move to Congo. no taxes, no govt, no regulations. self-starters who don’t need anybody can make billions there without being suffocated by the govt
Michael says:
May 9, 2014 at 2:22 pm
You want to live in a country with a bunch of people who can’t even read, then please move to another country. You won’t have to complain about paying taxes anymore.
@BarackObama: FACT: Since President Obama took office, America has increased its electricity generation from solar—more than 10-fold.
re # 110 – re: “Go in your garage, leave the door shut, and then tell me burning fossil fuels does nothing. ”
ignoratio elenchi
The best way to stop climate change is birth control. But nobody in the USA wants to take that approach.
hedge fund billionaires in NY extracting value out of the labor of Walmart, the country’s largest private employer, pays 825,000 workers less than $25,000 a year.
Michael says:
May 9, 2014 at 5:18 pm
That’s awesome. Right, where’s the rush to take advantage of the land with no govt or regulation? You would think all these people would be rushing there, since that’s what they want. You know since the govt holds them back. Instead they all flock to the most regulated economies. Could it be it’s all sham? That they really want regulation, because it maintains the status quo for the connected? That without govt regulations, monopolies can’t be maintained because I will just take my gun and shoot you. Could you imagine trying to be wealthy with no govt? You would last 10 seconds before you are attacked. Isn’t it ironic that the wealthiest citizens complain about govt, when it’s govt that allows them to exist. Without govt, they would not exist, the mobs would attack.
anon (the good one) says:
May 9, 2014 at 4:58 pm
Hahaha….that’s a great line
move to Congo. no taxes, no govt, no regulations. self-starters who don’t need anybody can make billions there without being suffocated by the govt
Michael says:
May 9, 2014 at 2:22 pm
You want to live in a country with a bunch of people who can’t even read, then please move to another country. You won’t have to complain about paying taxes anymore.
111- come to thing about it, the u.s govt exists only for wealthy people. All the laws protect wealth. All the laws protect big biz. Welfare provided by the govt, takes money from the workers (the middle class) and gives it to the poor so that they don’t start attacking the rich. Last, but not least, the govt provides the super military that protects our corporate interests, even though these corporations are as anti-American as they can be by off shoring jobs and profits. Ironic isn’t it.
What I want to know is why no democrats are pushing this.
http://www.cnbc.com/id/101659174
Especially the ones running for reelection in hostile districts or states. Mary Landrieu, call your office!
Why that’s incredible. Good thing the subsidies have increased 10-fold to make it possible.
Anon are you complaining about Hedge Fund Billionaires and Billionaires in General?
They come in all stripes.
http://www.forbes.com/profile/thomas-steyer/
How about this Billionaire?
http://www.nydailynews.com/news/national/dr-dre-rap-billionaire-apple-beats-electronics-3-2b-deal-article-1.1786118
Seems you need to first get your rank and file to pony up….
“Walmart is the prime example of the value which workers offer companies. Without those workers, who the Walton family benefits greatly from, Walmart would not be a successful business.
The ‘value-added’ from their labor force is vastly under compensated!
We’ve been reading reader comments from people claiming that low skill workers add little value to a company. Walmart is one of the best (but not the only) example which proves these obstructionists wrong!”
anon (the good one) says:
May 9, 2014 at 5:24 pm
hedge fund billionaires in NY extracting value out of the labor of Walmart, the country’s largest private employer, pays 825,000 workers less than $25,000 a year.
Michael says:
May 9, 2014 at 5:18 pm
The End Is Nigh (Willie Sutton Edition):
http://www.nydailynews.com/news/national/elderly-man-walker-accused-holding-bank-article-1.1786472
I didn’t inherit it. I bought it off my grandmother at 19 years old. How many 19 year olds do you think were becoming landlords in 1999? I’m the only person I knew at the time (around my age) that was busting their butt to buy their first rental property. I would love to see the national stats on that. I bet I was only a handful of teenagers in America becoming a landlord at that time. You know, because I’m such an idiot.
Xolepa says:
May 9, 2014 at 4:24 pm
So, the truth lets out. Little Mikee inherited his properties. Honestly, I didn’t even tell any of my relatives about my properties. That includes my brother and parents. Don’t want to stir up jealousies, even though my brother is a 1%er living off tax-free munis.
A recent scientific study by Princeton and Northwestern universities, which has gone somewhat under reported in the mainstream media, concludes that the US is now a fully fledged oligarchy.
The paper, entitled Testing Theories of American Politics: Elites, Interest Groups and Average Citizens, notes that America is no longer even a Democracy, which begs the question, how far removed is the country from being the Republic envisioned and painstakingly established by Benjamin Franklin and the founding fathers.
“The central point that emerges from our research is that economic elites and organized groups representing business interests have substantial independent impacts on U.S. government policy, while mass-based interest groups and average citizens have little or no independent influence,” the study notes.
Read more at http://thefreethoughtproject.com/princeton-researchers-conclude-political-system-completely-usurped/#eGrR7T4rYvv64EOm.99
Joyce, this is for you…lol
http://thefreethoughtproject.com/cop-irate-physics-student-owns-basic-math/
If you do a Google search of “lyb site:njrereport.com” you’ll see that I’ve recommended this high yielding stock exactly 4 times in the last 2 years and you’ve made an awful lot of money if you bought it. Now I’m asking if anyone sees a reason to sell it? I can’t.
Wow, Lincoln had the smarts to see the dangers of corporations and greed. Simply amazing.
“We may congratulate ourselves that this cruel war is nearing its end.
It has cost a vast amount of treasure and blood. . . .
It has indeed been a trying hour for the Republic; but
I see in the near future a crisis approaching that unnerves me and causes
me to tremble for the safety of my country. As a result of the war,
corporations have been enthroned and an era of corruption in high places
will follow, and the money power of the country will endeavor to prolong
its reign by working upon the prejudices of the people until all wealth
is aggregated in a few hands and the Republic is destroyed.
I feel at this moment more anxiety for the safety
of my country than ever before, even in the midst of war.
God grant that my suspicions may prove groundless.”
The passage appears in a letter from Lincoln to (Col.) William F. Elkins, Nov. 21, 1864.
http://www.ratical.org/corporations/Lincoln.html
Yeah we all know the how you spent your days working hard squirling away your tips from those rich rich mommies who did not know how to swing a racket. Who got hit in the chin with more balls Michael or Liberace?
BTW, all of this 1% talk interests me because I think it tells the story of a changing paradigm. People, through various choices, feel they don’t have traction. They’re not advancing, they’re sliding backwards (likely because of debt burdens and diminished earnings opportunities). When everyone is climbing up a slippery slope there seems to be no jealousy if others are climbing faster. But…once there is a realization that YOU are slipping backward, for years, perhaps, attention changes from reversing your direction to pulling the disappearing leaders back toward the bottom with you.
Honestly, sick call. Jesus, I hope some of you listened to him.
The Original NJ ExPat, cusp of doom says:
May 9, 2014 at 6:47 pm
If you do a Google search of “lyb site:njrereport.com” you’ll see that I’ve recommended this high yielding stock exactly 4 times in the last 2 years and you’ve made an awful lot of money if you bought it. Now I’m asking if anyone sees a reason to sell it? I can’t.
Sounds about right to me. I know the only reason I care is due to economic reasons. Anytime I analyze the issue, I draw the same conclusion. This can’t keep going, it will destroy the economy as we know it. That’s my only problem. I could care less about people with a ton of money that I don’t know. They don’t exist to me, so how could I be jealous. There are no billionaires in my life right now. I know people with millions, but not billions.
The Original NJ ExPat, cusp of doom says:
May 9, 2014 at 7:00 pm
BTW, all of this 1% talk interests me because I think it tells the story of a changing paradigm. People, through various choices, feel they don’t have traction. They’re not advancing, they’re sliding backwards (likely because of debt burdens and diminished earnings opportunities). When everyone is climbing up a slippery slope there seems to be no jealousy if others are climbing faster. But…once there is a realization that YOU are slipping backward, for years, perhaps, attention changes from reversing your direction to pulling the disappearing leaders back toward the bottom with you.
i just want to know if Michael paid his fare share in taxes on all of those cash tips he received for his services as a ball boy, which he then used to by Grandma’s house.
Lol…hey, I didn’t mind the moms, it was their annoying kids that made me earn that money. The fathers were pretty cool too. Ahh, brings back memories. Good times!
Juice Box says:
May 9, 2014 at 6:56 pm
Yeah we all know the how you spent your days working hard squirling away your tips from those rich rich mommies who did not know how to swing a racket. Who got hit in the chin with more balls Michael or Liberace?
Not yet ExPat. Though their sales growth has been nill for about 5 quarters. If you see any drop in margins, run for the hills. You can’t grow earnings without growing sales without increasing margin. And everyone knows, earnings drives stock price. Unless you’re Tesla or NetFlix.
Michael…Did you pay grandma what the house was worth or what grandma paid for it back in the 50s?
Chi – there is a concrete mafia lord in Nigeria one of the wealthiest billionaires on the planet. He could easily buy the freendom of those women Barry wants to save. How about Barry calls up his brother from another mother and threaten sanctions on him unless he makes things right.
I didn’t inherit it. I bought it off my grandmother at 19 years old. How many 19 year olds do you think were becoming landlords in 1999? I’m the only person I knew at the time (around my age) that was busting their butt to buy their first rental property. I would love to see the national stats on that. I bet I was only a handful of teenagers in America becoming a landlord at that time. You know, because I’m such an idiot.
According to you, you bought it at a ridiculously heavy discount. If you are able to rent it out at a far greater rate than the cost of a mortgage payments, it was essentially a gift.
It’s even crazier to think that Obama is using climate change to control the economy and collect more taxes.
He’s promoting climate change because all the political insiders own stocks in solar/wind companies that are not profitable. If he managed to magically create a subsidy for them, they instantly turn profitable and their share price skyrockets.
Ben – he did not check his privilege or as some may think pay his fair share yet he still wants limos.
How is teaching these days going? We cannot have enough Ben’s in this world, thanks
for your contribution, and I am sorry if Christie does not add to the pension pot in the next few weeks.
AMBER Alert
Last seen May 9, 2014 in Lodi, NJ
Vehicle:
2007 Honda Civic, Black
New Jersey license plate #VHH37S
Juice, thanks. Teaching is phenomenal. Kids take the AP test on Monday for me. Doesn’t matter if Christie adds to the pot or not. I consider the pension contributions money dead in the water. Not sure I’m cut out to last long enough to get it anyway.
Tim Geithner — the man at the center of the whole financial crisis and alleged recovery — finally talks.
As NY Fed chief in 2008 and Treasury secretary in 2009 and onward, Geithner was in the room during those fateful weekend meetings to scuttle Lehman Bros., to cajole Jamie Dimon to buy WaMu after buying Bear Stearns, and to hitch a weakened Merrill Lynch with Bank of America.
In an astonishing admission, Geithner writes that he met with former President Bill Clinton, looking for advice on how to seem more of a populist.
Big Bill’s joking response? “You could take [Goldman Sachs CEO] Lloyd Blankfein into a dark alley and slit his throat and it would satisfy them for about two days. Then the blood lust would rise again,” Geithner writes in his new book, “Stress Test: Reflections on the Financial Crises,” according to a report on the book.
The boyish, bumbling Geithner, 52, left his post last year after President Obama finally accepted one of his many requests to resign. During his tenure, he was among the most disliked people in Washington.
In his book, Geithner reveals that some in the White House had been serious about nationalizing banks like Citigroup, a maneuver that was ultimately rejected.
He also contends that the bank bailout was ultimately a success, even though it was wildly unpopular.
Here are some other revelations from “Stress Test”:
He regrets not being tougher on the banks. “It’s clear we didn’t do enough,” Geithner writes. Specifically, he could have done more to keep people in their homes or push for tougher laws on the banks.
He admits he initially had a pie-in-the-sky view of Wall Street honchos. His exposure to banking’s superstars gave him “an impression that the US financial sector was more capable and ethical than it really was.”
Geithner refused to condemn banker bonuses in January 2009, deep into the worst months of the recession. At a press conference, he stayed silent as Obama expressed outrage for the both of them.
Even though Geithner first led the charge to let Lehman fail, he wanted a carrot-and-stick approach to the rest of the money-starved lenders in case they wanted to buy Lehman.
Geithner went on about Lehman, knowing that he and the former bond house would be linked forever.
Lehman was starting to teeter. It had borrowed about $31 for every dollar it had invested, and nobody wanted to lend any more.
In Washington, Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben Bernanke were in favor of bailing out the doomed bank. But Geithner thought they had to let the bank collapse.
“I sensed [Paulson’s and Bernanke’s] advisers pulling them toward political expedience, trying to distance them from the unpalatable moves we had made and the even less palatable moves I thought we’d have to make soon,” Geithner writes.
Geithner is now a partner at the private equity firm Warburg Pincus.
“Stress Test” is out May 12 through Crown Publishing.
Benefitting from low input costs due to glut of natural gas (price is now firming a bit after cold winter in U.S.) and WTI bottleneck in Cushing (also reversing)…..good situation, but be careful with it…..in plain language, it is a highly cyclical stock that has benefitted from a restructuring several years ago and a cratering of the price of input costs. In this sense, what you have seen over the last few years has been the effect of large tailwinds. There is nothing particularly special about the company.
The Original NJ ExPat, cusp of doom says:
May 9, 2014 at 6:47 pm
If you do a Google search of “lyb site:njrereport.com” you’ll see that I’ve recommended this high yielding stock exactly 4 times in the last 2 years and you’ve made an awful lot of money if you bought it. Now I’m asking if anyone sees a reason to sell it? I can’t.
[113] juice
“ignoratio elenchi”
Classic. And welcome to my world.
Chi & Lib – Thanks for the analysis of LYB. It was just dumb luck that I found that one. I was undertaking the usually worthless work of looking at all the crappy mutual fund choices in my 401(k) plan (I usually just allocate all 401(k) money to index funds). Anyway, in most mutual funds , at least the 401(k) variety, it is unusual to find any fund with more than 5% of assets allocated to any one holding. It just caught my eye that some fund (I forget which one) had 7.5% allocated to LYB. I investigated further and viewed it as both a dollar hedge and also, as chi pointed out, was in a great position due to the very low cost of Natural Gas, which is an input to most of their products. So I bought a 1000 shares in one of my Rollover IRAs. In hindsight it would have been beautiful if I continued to add, but we all know the woulda, coulda, shoulda game.
It’s actually far more difficult to commit suicide that way since catalytic converters.
Juice Box says:
May 9, 2014 at 5:24 pm
re # 110 – re: “Go in your garage, leave the door shut, and then tell me burning fossil fuels does nothing. ”
ignoratio elenchi
The best way to stop climate change is birth control. But nobody in the USA wants to take that approach.
Re: Minimum Wage Hike;
http://www.dailypaul.com/311189/15-per-hour-say-hello-to-your-replacement
There is some questionable logic in that last paragraph. We can all agree that both the renter and the home buyer spent 250k right off the bat. The renter then needs to spend an additional 1000 dollars a month over the 20 year span. 1000 * 20* 12 = 240,000. So the buyer has spent 250,000 and has a net present value of 200,000 at the end which is a 50,000 loss. The renter has spent 250,000 on the portfolio + 240,000 on rent and has a net present value of 330,000 which is a 160,000 loss.
http://www.usatoday.com/story/money/personalfinance/2014/05/10/why-your-home-is-not-a-good-investment/8900911/
Please, at this point just raise the minimum wage and shut up, as long as that in two years, you don’t start bitching about it being two low again, because it had absolutely no positive impact.
grim (8)-
It’s laughable, until you realize that these people are the vast majority at every level of NJ gubmint, and they won’t stop until they: a) completely chase every small businessman out of NJ, or b) are impaled by pitchforks, then hung from lampposts.
My bet is on choice a.
chi (14)-
Wish we could trade Bojangles to the Nigerians in return for the girls.
xolepa (23)-
The second step of the COAH unit for your kid scam is for your kid to then move out of the unit and illegally rent it out for 1200-1400 a month.
Look at the COAH units in The Hills. Prolly every one on the Bedminster side has been rented out for years. Benzes and BMRs fill the parking lots.
[146] 330,000 is the inflation adjusted number, the actual number in “20 year from now dollars” is much greater. But the glaring omission to me is the property taxes. In NJ my guess is that you will pay the original purchase price once again in net dollars for property taxes over 20 years. The house my wife finished junior and senior HS in was her parents second house in Glen Rock. Her parents bought it in 1972 for $115K and sold it in 1992, 20 years later for $565K. You can do all the calculations you want on the real appreciation but how can you ignore the taxes? When they sold in 1992 the taxes were $13,500 per year. They easily paid ANOTHER $115K, equal to their purchase price, in property taxes alone over that period! Now it’s 20 more years later and the family that purchased the home still owns it. I’m guessing the value is $1.2-1.3 million now, but the taxes are now $34,500 per year. They too have paid an amount equal or close to their purchase price of $565,000 in property taxes over 20 years and they’ll pay that much once again over an even shorter period going forward if they continue to hold the property. People can only be one of two things if they refuse to calculate the ever increasing cost of property taxes in NJ when figuring TCO. Stupid or Liar. I guess they can conceivably be both;-)
grim, please ban the troll Michael.
[146] Michael, you are right that there is a flaw in the way the comparison is presented. They don’t mention the carrying costs of a paid off house (maintenance and taxes) or how that compares to the $1,000 month rent with 2% inflation rate. The $330K is net, after deducting the cost of renting, I believe because using the rule of 72 and an average S&P 500 return of 5.85% 250K would double to 500K in just over 12 years and be around 800K by 20years, then there are capital gains taxes if you actually sell, not to mention income tax on dividends, etc. and then there is the matter of the ability to sell the house and take not have to pay taxes on 5ooK of gains if you are married, etc. It’s just a real mess and not just because they ignore property taxes.
@GothamistDan: Rain pounding Jersey City at the moment, but apparently not Red Bull Arena. http://t.co/tcZ7RVr8nY
99. eees right you know!
More margin compression for Apple coming, the simply cannot compete with Android in
the developing world.
http://www.theregister.co.uk/2014/05/09/apple_pulls_iphone_4_from_sale_in_india_after_just_four_months/
Yes, I’m the idiot. Joyce abd fast Eddie, told you wage inflation is coming and by the end of this decade it will be coming hard. You guys will only realize how cheap the current real estate is by the time it’s too late.
“After stagnating for years, wage gains will accelerate in 2014, a wide majority of leading economists predict in USA TODAY survey. The bigger paychecks should help fuel a more rapid recovery.”
http://www.usatoday.com/story/money/business/2014/05/11/wage-growth-accelerate/8766239/
Michael[158]
What a piece of crap article. Yes, the salary budget for 2014 raises at our U.S. operation is increased by 2.2% (while in 2013 it was 1.9%), we have flat budget for “social charges” – which means that all the increase in medical will come out of the employees pockets, and likely everyone getting less than 60K (most of hourly people) will actually see smaller paycheck if they get company’s medical coverage,
And now, another exciting round of Name That Party! For fun and prizes, correctly identify the political party that is promoting the following agenda:
* Withdraw from major trade treaties, like NAFTA.
• give workers more control of major corporations
• a minimum wage of $15 per hour, indexed to the cost of living.
• a full employment policy
• Greater regulation of the banking and insurance industries, and eventual government control over most banking institutions
• More progressive income and estate taxes and caps on executive comp.
• Progressive capital gains and luxury taxes.
• government control over private pension funds, and a levy against corporate assets for any pension fund deficits.
• increased and expanded welfare assistance and increased and expanded unemployment compensation at 100% of a worker’s previous income or the minimum wage, whichever is higher, for the full period of unemployment or re-training, whichever is longer.
• federal investment in both urban and rural areas for infrastructure reconstruction and economic development.
• tax benefits for renters equal to those for homeowners.
• elimination of subsidies and tax breaks that benefit corporations and all other forms of corporate welfare.
• overturn the court-created precedent of “corporate personhood”.
Brainstormed Prediction of the Week:
In the coming years, I think that we will see many more corporations, particularly mid-sized corporations but some larger ones as well, that have nepotism policies will quietly jettison them or carve out exceptions to them. Then those companies, and many that don’t have such policies will become almost like family businesses with an almost guaranteed job opening for children of executives.
It would essentially be a fringe benefit and one not subject to antidiscrimination rules like other benefits. The impetuses (impeti?) for this will be the rising unemployment trend among college grads and a turning of the tax thumbscrews on both corporations and the wealthy. Such an informal program would sidestep all but EEOC scrutiny and even there, it may be sufficient that the corporation doesn’t otherwise discriminate and if some of the kids are girls, its hands off. Shareholders may have a say but I doubt many would care since someone would be hired regardless so why not someone who may have more skin in the game.
Now, I know, it already exists so why is this news? Because right now, it is an informal and not readily noticeable phenomenon. I suggest that there will be both an uptrend in this sort of hiring and a removal of impediments should they exist.
Water seeks its own level.
nom[161]
Do the nepotism policies actually exist? The only thing in place is the ban on relatives reporting to each other… As for the exec’s kids, employment is their birthright already especially where the required qualifications are nebulous. One joker even got himself fired for being a Peeping Tom – to everyone’s amazement, nothing happened to his dad…
For those who follow cross-border tax issues, here is a little light reading on repatriation. But I found it in a search on inversions. The author’s penultimate bullet point before the intro is telling.
http://www.law.nyu.edu/sites/default/files/upload_documents/NYU-Annual-Survey-68-3-Simpson.pdf
[162] cobbler,
I suggest you read my comments more deeply, then rephrase.
[162] cobbler,
I could even foresee package deals. If you want X for CEO and comp is capped by Obamunist legislation, he simply says “hire A, B, and C and you have a deal.”
One reason a CEO would want this is if he would otherwise have to support his ne’erdowell kids. This gets them out of the house and out of his pockets. And it is not taxable to him. Second, look at is as a form of income-shifting: The income paid to Graydon and Ellery is taxed at a lower rate than the income paid to Dad. So it actually may be of some benefit to the corp. since it could be argued that Dad would want XXXX dollars in part because of taxes, but would settle for XX because he isn’t paying YY in taxes. Further, neither is the corporation which now saves on payroll taxes.
I can envision boards actually analyzing this and approving it on the grounds of saving money and retaining talent. I can see companies modifying policies to allow nepotism hires only after upper level review for compliance purposes and to paper over justifications like the ones I just laid out. That also satisfies any SOX issues.
nom[165]
The practice exists for years, don’t blame it on any particular government policy. Salary of a new college grad (exec’s kid) is immaterial v. his own pay package – the dad primarily wants to save the kid from the vagaries of the labor market, and let him/her have a meaningful first paragraph on the resume. For that matter, it is routinely done on a quid pro quo basis with the bosses of good customer/supplier companies, as well.
The troll, Michael, still flogging the magical wage inflation meme. What a goddam fool.
Comrade,
The first and last 2 bullets are great ideas.
Hahaha, what has the SOX legislation done for us? besides create billions of billable hours for public accountants etc
Comrade Nom Deplume, Guardian of the Realm says:
May 11, 2014 at 6:34 pm
…. That also satisfies any SOX issues.
166
cobbler
agreed
I guess he’s got me. “Economists predict XYZ” and that’s all Mikey needs to hear. Well played