NJ Jobs up 4700 in September

From the Record:

N.J. added 4,700 jobs in September; jobless rate ticked down

New Jersey added 4,700 jobs in September, putting the state’s job market back on the path of slower growth seen at the start of the year, after the dramatic job losses of the summer.

The state added 3,400 private-sector jobs and 1,300 government jobs, boosting the year-to-date total to 39,600, according to the monthly employment report by the New Jersey Department of Labor and Workforce Development.

If the state keeps up that pace, an average of about 4,400 a month, it would add about 50,000 jobs this year. That pace would be higher than the average annual increase of about 35,500 a year from 2011 to 2014.

The jobless rate fell to 5.6 percent from 5.7 percent in August, above the national rate of 5.1 percent.

Economists said that after New Jersey’s job losses in June and July, when the state lost a combined total of 23,000 jobs, the labor market appears to have returned to the moderate – albeit volatile — gains shown in the early part of the year. The state added an average of 6,000 jobs a month from January to May.

“I wouldn’t call it robust, I wouldn’t call it strong,” said Charles Steindel, the state’s former chief economist under Governor Christie. “But certainly it is recovering.”

The report also revised the August employment increase of 13,600 jobs upward, adding 1,900 jobs for a gain of 15,500 jobs in the month. The state has added 20,200 jobs in the last two months.

“This is very much a slow-growth jobs recovery,” said Patrick O’Keefe, an economist with CohnReznick in New York and Roseland. “It’s sort of like climbing up a greased pole — you make some progress and then you slip back. This month we made some progress; it’s a better report than we saw in midsummer.”

O’Keefe said state employment has now grown by 1 percent this year, compared with the national increase of 2 percent over the same period.

Both economists said the unemployment rate fell because of people leaving the workforce, likely because they are discouraged and don’t believe they can find a job, rather than because they had become employed.

This entry was posted in Economics, Employment, New Jersey Real Estate. Bookmark the permalink.

110 Responses to NJ Jobs up 4700 in September

  1. The Original NJ ExPat says:

    frist

  2. The Original NJ ExPat says:

    I’m guessing there’s no way each 2.6 private sector jobs (McDonalds/Starbucks?) will pay enough in taxes to pay the salaries and benefits of each government job added.

    The state added 3,400 private-sector jobs and 1,300 government jobs

  3. grim says:

    Very reassuring to hear that the public sector is doing so well.

  4. Comrade Nom Deplume, living well off the carrion of the left says:
  5. Fast Eddie says:

    Mets!

  6. yome says:

    Irony Alert- It is not how much you make matters; What matters is how much is left

    China’s middle class is now the biggest in the world, and growing much faster than America’s, according to research by Credit Suisse.
    There are 109 million Chinese with wealth of between $50,000 and $500,000. Since 2000, twice as many Chinese as Americans have joined the middle class.

    http://money.cnn.com/2015/10/14/news/economy/china-middle-class-growing/

    Contrast

    Approximately 62% of Americans have less than $1,000 in their savings accounts and 21% don’t even have a savings account, according to a new survey of more than 5,000 adults conducted this month by Google Consumer Survey

    http://www.marketwatch.com/story/most-americans-have-less-than-1000-in-savings-2015-10-06

  7. 1987 Condo says:

    #6 there is something like a $6,000 out of pocket on that “Affordable” Health Care Bronze plan…..

  8. yome says:

    #8 China’s healthcare is Nationalized. Somebody is paying it

  9. yome says:

    American Middle Class making over $40,000 a year living pay check to pay check.

    It is not how much you make matters; What matters is how much is left

  10. yome says:

    Contrast

    China’s Middle Class scraping the bottom of the bowl but was able to save $50,000 and above

    It is not how much you make matters; What matters is how much is left

  11. yome says:

    Largest Consumer Markets
    US -11.4T
    China-$3.3T
    Japan-$2.9T

    We spend almost 4x as much as China with 1/4 their population. We haven’t had a Trade Surplus in Decades. That means this Countries are just taking all our hard earnings. 4X what they spend with quarter of their population

  12. Ragnar says:

    Keep in mind that a lot of Chinese wealth is stored in empty apartments.

  13. chicagofinance says:

    The only reason I know is because I was talking to my friend about a question on a break, and realized I blew it……when I knew for a fact I got a question wrong and then scored only one wrong on the test…..presto…..

    leftwing says:
    October 16, 2015 at 5:35 am
    blog/sat correlation
    chifi you frighten me. made it my personal mission to find out which question i missed. took a couple months.

  14. grim says:

    Clearly this place attracts folks of a similar mindset…. Although I’d like to think I’m more of a JJ than a Pumpkin.

  15. yome says:

    Americans wealth is tied to their homes. How much middleclass wealth did we produced?

    “Keep in mind that a lot of Chinese wealth is stored in empty apartments.”

  16. chicagofinance says:

    did you hack the public address at that Target?

    grim says:
    October 16, 2015 at 9:06 am
    Clearly this place attracts folks of a similar mindset…. Although I’d like to think I’m more of a JJ than a Pumpkin.

  17. yome says:

    Not too long ago, we see millions of this Chinese, riding bikes on their streets. Today they are the biggest polluters in the world. Free Trade Agreements worked as planned.

  18. nwnj3 says:

    Am I the only one who never had an f-ing clue what yome’s point is?

  19. yome says:

    My point is; We make too much money not to have any savings. We buy so much goods and yet outsiders are the recipient.

  20. D-FENS says:

    NEW OBAMA CZAR WILL HUNT ‘RIGHT-WING’ EXTREMISTS
    Americans seen as possibly more threatening than Islamic jihadists

    Read more at http://mobile.wnd.com/2015/10/new-obama-czar-will-hunt-right-wing-extremists/#Saiqvu0boEfAR1IR.99

  21. nwnj3 says:

    A lot of morons out there are paying for yesterday’s consumption today.

  22. grim says:

    War on foreign soil wasn’t enough? Now we need a war here?

    How about we use the money to fund science and education instead?

    Lets commit to put a colony on the moon in 25 years.

  23. grim says:

    I could think of a lot of worse things the world could do with their money than another space race.

  24. chicagofinance says:

    geek

    grim says:
    October 16, 2015 at 9:44 am
    I could think of a lot of worse things the world could do with their money than another space race.

  25. D-FENS says:

    @Mark_J_Perry: Only way to pay for generous middle class benefits is to tax the middle class, where most of the income earners are. http://t.co/20MLNZAXkR

  26. Comrade Nom Deplume, living well off the carrion of the left says:

    [19] nwnj3

    I do but I am pretty sure that he would deny it I I called him on it.

  27. Comrade Nom Deplume, living well off the carrion of the left says:

    [20] yome

    And your prescription is ?

  28. Comrade Nom Deplume, living well off the carrion of the left says:

    [20] yome,

    That is a fair observation, but what is your prescription?

  29. leftwing says:

    “It is not how much you make matters; What matters is how much is left”

    One of my arguments on quality of life in the NYC metro suburbs. You get earnings classifying you as ‘millionaires’ in the government’s eyes bearing the burden of the highest levels of taxes and redistribution. Yet actual cash savings are nominal.

    Usually ends up being a black/red type leveraged bet on increased value in the primary residence. Worked for prior age cohorts, can continue to work.

    Just understand there is an inherent bet being made.

  30. FKA 2010 Buyer says:

    Another one bites the dust. I remember flying Eastern Airlines as a kid. Look at this cert… http://scripophily.net/easairlininc.html

    U.S. Airways final flight departs from Philly

    The final U.S. Airways flight will depart from Philadelphia Friday morning, seeing the country in the company’s last voyage before its union with American Airlines is complete.

    http://www.bizjournals.com/philadelphia/morning_roundup/2015/10/u-s-airways-final-flight-1939-american-airlines.html

  31. leftwing says:

    Yome

    “We make too much money not to have any savings. We buy so much goods and yet outsiders are the recipient”

    “We spend almost 4x as much as China with 1/4 their population…..That means this Countries are just taking all our hard earnings.”

    No. It means we buy too much useless sh1t. Our choice, our fault. Not China’s fault we have zero self control.

    100% fixable. Walk by the Vineyard Vines rack when clothes shopping for your 13 year old. Don’t buy your 6 year old boxes full of cheaply made plastic cr@p for Chr1stmas that will end up in landfill in six months. Stop taking 84 month auto loans.

    Basically, avoid if possible highly priced or poor quality depreciating assets. If unavoidable (auto) purchase the best quality within your current means. You’d be surprised how much you can save.

    Lib talks about retiring to Costa Rica. My guess with what he posts here is by the time he retires he’ll be able to buy Costa Rica, LOL.

  32. FKA 2010 Buyer says:

    You wouldn’t find this story on certain networks…

    Former Speaker Dennis Hastert To Plead Guilty In Hush-Money Case

    Former House Speaker Dennis Hastert is expected to plead guilty later this month to charges that he agreed to pay $3.5 million to cover up allegations of misconduct and then lied about it to authorities, according to his lawyers.

  33. Libturd in Union says:

    In this country, our government, paid for by Wall Street, encourages mass consumption and debt. Let’s face it, Wall Street dies without the continued growth of debt. This is evident in that the treasury has made it incredibly difficult to purchase US bonds. Plus, there is a pretty low yearly limit. It is also evident in years and years of 0% interest rates for the consumer, which is essentially set by the FED.

    In China, there is a social construct that encourages savings. Since there are many more males than females due to the selective abortion by many of females, especially with the old quotas in place, families use savings as a method to make their male offspring more attractive in the marriage market.

  34. Libturd in Union says:

    Additionally, for years the soci@list government encouraged savings to build infrastructure and to create jobs. Only recently have they reversed course.

  35. Libturd in Union says:

    Thanks to Grim’s mod filters, I just discovered that you can’t be a Soc1alist without C1alis. Poor Bernie probably can’t get it up.

  36. FKA 2010 Buyer says:

    There’s always a scapegoat for every disaster.

    The only banker sued for the housing crisis prepares her appeal

    Rebecca Mairone scarcely deserves a mention in the annals of finance, except for this: Shes the only executive of a major U.S. mortgage lender found liable for her part in the 2008 financial crisis.

    Mairone was chief operating officer for a division of Countrywide Financial Corp., the California giant that came to symbolize the excesses of the subprime era.While top executives there and elsewhere walked away, Mairone, now 48, was targeted by federal prosecutors.In October 2013, a Manhattan jury found her liable for misrepresenting the quality of mortgages her company sold to Fannie Mae and Freddie Mac. U.S. District Judge Jed Rakoff called her testimony implausible and slapped her with a $1 million fine. Bloggers said she helped destroy the U.S. economy and should be jailed or worse.

    https://treeangle.co.id/news/43089/2015/10/the-only-banker-sued-for-the-housing-crisis-prepares-her-appeal

  37. Libturd in Union says:

    Yet, the Wall Street rating companies, who exist primarily to expertly rate the financial risks of such products such as CDOs walk away completely unscathed. It’s good to be the king. Technically, they should have been dismantled at the time due to the rampant corruption. But go ahead and vote for Hilary with the likes of Yome and Otto and Anon. Or Trump or Jeb from the other team. This will ensure more of the same will occur in the future.

  38. Libturd in Union says:

    Yet, the Wall Street rating companies, who exist primarily to expertly rate the financial risks of such products such as CDOs walk away completely unsc@thed. It’s good to be the king. Technically, they should have been dismantled at the time due to the rampant corruption. But go ahead and vote for Hilary with the likes of Yome and Otto and Anon. Or Trump or Jeb from the other team. This will ensure more of the same will occur in the future.

  39. yome says:

    #30 Exactly!
    I live in a house I bought in 1994 for $126,000 at 2x income back then. I avoided paying room and board for Kids College at RU they drove to school. Paid cash for their tuition. they don’t have loans. I let them live in my house free after College with good jobs in condition they save 30% of their income plus 10% in 401k. I drive a 2002 and 2004 Merc I bought brand new. 16 years later paid for itself. I save ,save and save.

    How come Americans only have Less than $1,000 in savings and Chinese $50,000 that makes a lot less than their counterpart?As you said it is our choice. We want to be poor. We make college education expensive for our kids to afford. We make healthcare expensive for our Citizens to afford. We hope for home prices to go up in price while income has stagnated,make our kids not be able to afford one.

  40. yome says:

    #36 I cant even vote for Hillary in the Primary even if I want too

  41. Juice Box says:

    re # 23 – “colony on the moon in 25 years.”

    Lunar corp a mining company will send up clones.

    https://www.youtube.com/watch?v=twuScTcDP_Q

    Cosmic rays and solar flares with little protection, you will get cancer and die before your three year mining contract is up. When cosmic rays collide with particles on the lunar surface, they trigger little nuclear reactions that release yet more radiation in the form of neutrons. The lunar surface itself is very radioactive.

    We either genetically engineer humans to be resistant to massive amounts of radiation or we develop some kind of magical shield. For now send in the robots..

  42. phoenix1 says:

    Yome, you are right, much of China is a cesspool. No problem for them as the USA is always for sale to the highest bidder. Old goat sells his house to Chinese guy and profits. I personally know one woman who rents rooms for hosting Chinese students. I know another guy who rents his house for Chinese students at Stevens Institute.

    Yup, buy an EB-5 visa for just 500k. That’s right, skip all of the hard steps if you put up a little hard cash and have a business that has 10 employees. Janitorial service would be simple to do.

    “Not too long ago, we see millions of this Chinese, riding bikes on their streets. Today they are the biggest polluters in the world.”

  43. Libturd in Union says:

    Yome, leftwing,

    You are both correct. We buy endless amounts of useless crap. It’s the American way.

  44. phoenix1 says:

    32 Lib,
    Dead on.
    But lets not forget the constant droning of marketing.
    Here you teach your little ones to constantly need things that we all know they don’t need.
    The proof- people on you tube are making MILLIONS with videos of opening toy packages- absolutely insane. Kids watch this stuff.
    Take my daughter to the supermarket- I explain to her how things are arranged to separate her from her money and how to be focused, explain the bank and loans, explain how when you spend you NOT ONLY lose what you spent but what profit that money would have made.
    Walmart is puckering up due to technology aka online shopping/price matching.
    Everyone has a price matching device in their pocket now. Having a building/employees/local tax bill is starting to hurt. When I was in Switzerland, I went to a car dealership-with 6 cars-test drive, order it, wait. Not like here. Impulse buying is the ticket to a marketer……

  45. Libturd in Union says:

    I am registering as a Democrat (from Republican) to ensure Bernie gets the Dem nomination over Hilary. I’m not concerned about the Rs at this point. They are stupid to position themselves to get out of an empty bag with holes in both ends.

  46. phoenix1 says:

    43. Redux

    Funny thing is the kid gets it with no problem but my wife does not…..

    P.S. Thanks CMD for adding redux to my vocabulary… I learned something on this forum….

  47. Libturd in Union says:

    Phoenix1. Good. My older son never asks for anything at the supermarket. As a matter of fact, he knows about the impulse products near the register, and why they have TV monitors there too. He actually takes pride in knowing that marketers are constantly trying to fool him. The supermarket is really an excellent place to learn about it. Next time you all go to ShopRite, check out the pricing on the eggs. It’s actually cheaper per egg price to buy a dozen rather than 18 eggs. Figure that one out! As a rule, we simply don’t buy most dry goods unless they are on sale or with a coupon. As for meat, I only splurge on the good stuff when they go on manager’s special or on massive sale. On a rare occasion I will let my son pick out one item in the whole store just to keep him from complaining about having to be there. We grocery shop to fill the pantry about once every two weeks accept to buy bread (rolls), cold cuts for Junior and milk. Thank the lord for the route 46 farmers market too.

  48. phoenix1 says:

    46. Lib,
    Do you think fathers or mothers do more of this kind of teaching?

  49. Libturd in Union says:

    I think it’s gender neutral. I have one sister who gets it and lives similarly. I have another who spends like the average American on crap they don’t need. You should see their new fireplace. It’s much prettier than the old one. Especially the $2,000 piece of reclaimed wood from an old collapsing farmhouse that is the mantle. Me, I’ll stick with my old dilapidated fireplace that still works just fine. I’ll invest that 10K and twenty years from now, will use it to pay for trip around the world. I wonder what 40K will get me then? My sister, she’ll have the memory of a pretty fireplace while she dines on Friskies. Maybe her semi spoiled children will support her? I doubt it though, as they’ll be too broke as they don’t even know how to mow a lawn, repair a leaky drain, etc. But man can they play a mean video game!

  50. Juice Box says:

    re # 44- This is a machine state, whomever the Dems want they will get, they have only been raising money for Hillary, it was decided back in April. In the 2008 Democratic primary they delivered 613,500 votes for Hillary, she beat Obama by over 100,00 votes. For Bernie to win the Democratic Primary in NJ he will need a similar turnout.

  51. Libturd in Union says:

    “Aspiring rapper shot and killed outside Clifton liquor store where he worked”

    Here’s a quote from the article.

    “It sounds unreal, but all Leo cared about was working and his family,” Tigney said.

  52. Libturd in Union says:

    Juice…if the momentum continues as I expect it to, I think you’ll be surprised. Though really, NJ votes so late in the primaries that it really doesn’t matter. I’ve watched snippets of the debate and it’s obvious who the media is pushing for since they always sponsor the front runners. But from what I’ve seen, Bernie destroyed that weakling Hilary.

  53. leftwing says:

    Hahaha, sorry about my OCD but of all the commentary above the piece I’m pulling out of the above is eggs.

    WTF happened to prices there? Just came back from the local produce store, which has ridiculously cheap prices on everything, did I miss something?

    Seems like a monster jump in two weeks.

  54. Comrade Nom Deplume, living well off the carrion of the left says:

    I wanted to reply to Yome with a question but discovered that prescr1Pt1on is on the black list

  55. Juice Box says:

    Re: 51 – point is Hope n Change was defeated in NJ in 2008. Where did those 600,000 votes for Hillary come from? She already has the machine this year, lots of Pols including Bobby J and Booker, Fulop and Ras Baraka plus the unions.

    Bernie isn’t promising jobs like the machine in NJ does, it will be up a steep steep hill for him to get better than 50%.

  56. Comrade Nom Deplume, the anon-tidote says:

    [53] redux

    so here’s a repeat:

    Yome’s explanation in [20] is fine but aside from exhorting us to spend less on imported crap, or spend less in general, what’s his prescr1pt1on? Because there is a lot more to this issue and this explanation than “we spend too much.”

  57. Comrade Nom Deplume, the anon-tidote says:

    Finally, since lunch break is over, does anyone else find this to be a vaguely suggestive name for a payment processing system?

    http://www.ints.com/news-announcements/its-here-fully-integrated-lubesoft-payment-processing.htm

  58. 1987 Condo says:

    #48..here is how America works. 5 friends go out to dinner. 3 choose “wraps” at $10 per, 2 choose full entries at $25 per. Total $80. The 2 with entrees exclaim they were waitresses and suggest a $20 tip , ok….total $100. Then they suggest the bill is split 5 ways, everyone kicks in $20. And this happens.

  59. Comrade Nom Deplume, living well off the carrion of the left says:

    Too funny (or weird) not to share:

    http://www.cnn.com/2015/10/15/entertainment/miley-cyrus-flaming-lips-naked-billboard-feat/?iid=ob_homepage_showcase_pool&iref=obnetwork

    JJ, are you on tickermaster already?

    bTW, may not be NSFW

  60. D-FENS says:

    After what the National Soc1alist German workers Party did in Europe in the 1930’s and 1940’s….I’m surprised anyone wants to be called a soc1alist today.

    Doesn’t anyone find it ironic that Bernie Sanders considers himself a soc1alist?

  61. anon (the good one) says:

    “My older son never asks for anything at the supermarket.”

    most hipsters are loaded thanks to inherited dought. in due course jr’s revenge will be designer jeans and artisanal water. guaranteed

  62. Libturd in Union says:

    Anon…they can be. If he buys it for himself. Once he does, he’ll learn the value of money.

    When I was like 10, I really wanted Brittanica Jeans as they were the cheaper designer jean to Sassoon at the time which were completely out of reach. My step-dad (who I consider my father) told me that if I could simply prove they were better than the husky Wrangler’s I always got, then he would buy them for me. I got new Wranglers.

  63. Comrade Nom Deplume, the anon-tidote says:

    My fellow alumnus x2, Ken Feinberg, gets to take a whack at the Teamsters.

    http://www.pionline.com/article/20151002/ONLINE/151009957/central-states-teamsters-pension-fund-seeks-permission-to-cut-benefits

    Wonder how many death threats he’s received already?

  64. grim says:

    Shocked, how could a union pension run out of money? Inconceivable.

  65. Comrade Nom Deplume, the anon-tidote says:

    [63] grim,

    Cannot comment on that one. Not that I don’t know, but I can’t.

  66. 1987 Condo says:

    The only pensions that will be paid in full in the future are the police and firefighters, for the simple reason they have the power to hold the city hostage. See what happened in Detroit. All others will see significant haircuts.

  67. phoenix1 says:

    65. Agreed.

  68. nwnj3 says:

    #59

    Add it to the 20-40 million deaths attributed to the united soci@list soviet republics and it’s quite a body count they piled up in the 20th century.

  69. phoenix1 says:

    62 Good question.. From another story, look at the amount of this haircut. Dude went from a ponytail to a buzz cut…..

    “The cuts that were outlined in a letter sent to him, Carroll said, would mean that his pension would be reduced from $2,800 a month to $600.”

    “Wonder how many death threats he’s received already?”

    http://www.dispatch.com/content/stories/business/2015/10/16/planned-pension-cuts-outrage-retired-teamsters.html

  70. Libturd in Union says:

    Maybe these guys should have taken one of those terrible government jobs?

  71. phoenix1 says:

    Where some see trouble I see some marketing opportunity here.
    Along the lines of the Friskies thing.
    Something canned, super inexpensive, but hip.
    Can’t look or smell like spam.
    Has to be high enough in protein that one can a day will meet daily requirements.
    Must have shelf life of 10 years…

  72. Juice Box says:

    Wow – advance tickets for Star Wars: The Force Awakens go on-sale today.

  73. D-FENS says:

    Make it like a hipster trend. open one of these…..

    http://www.odditycentral.com/travel/mr-kanso-japans-weird-canned-food-restaurants.html

    phoenix1 says:
    October 16, 2015 at 1:31 pm
    Where some see trouble I see some marketing opportunity here.
    Along the lines of the Friskies thing.
    Something canned, super inexpensive, but hip.
    Can’t look or smell like spam.
    Has to be high enough in protein that one can a day will meet daily requirements.
    Must have shelf life of 10 years…

  74. Comrade Nom Deplume, the anon-tidote says:

    Want access to the ladies’ locker room, guys? Simply tell the doctor you identify as a woman and then have him prescribe PT at a health club.

    http://www.hhs.gov/ocr/civilrights/understanding/section1557/nprmsummary.html

    To hell with trying to find out if my kids qualify as a 1/16 red indian, I think we just go and say “black” on all health-related forms. If the gov protests, claim estoppel–they said we could self-identify and now must accept it.

  75. Juice Box says:

    2 Billion annual shortfall in the Central States pension fund….

    http://www.pionline.com/article/20150618/ONLINE/150619842/central-states-unveils-website-for-rescue-plan-to-save-underfunded-pension-plan

    Politicans are already lining up to tax the wealthy to plug the gap.

  76. 1987 Condo says:

    This pension stuff already played out before in late 70’s early 80’s with the bankruptcy of the Steel firms. Pensioners got crushed and received very little. Many stories of folks who had to pay back previously received funds….

  77. joyce says:

    But you can comment to tell us you can’t comment.

    (know this is all in jest, I just find it funny)

    Comrade Nom Deplume, the anon-tidote says:
    October 16, 2015 at 1:03 pm
    [63] grim,

    Cannot comment on that one. Not that I don’t know, but I can’t.

  78. phoenix1 says:

    JB,
    All that needed to be done was an annual readjustment of the plan.
    Same with Social Security.
    Medicare
    Police Pension
    Fire Pension
    Teacher Pension
    etc
    Taxes should have been charged and used for maintenance and reconstruction of:
    bridges, roads, water infrastructure, etc.

    What was the biggest obstacle to all of this.
    Human Nature.

    Good luck getting it back now. White collar crime is considered a joke.

  79. yome says:

    #55
    I dont expect the culture of spending to be less. What I question is who benefits this money. Remember, China carried the world during the recession. They spent 1/4 of what we usually spend with 4x our population.
    I remember before this so called Free Trade Agreements. Before 1994 trade was balance. After 1994 imports started to accumulate and exports start to decline. We pity poor China. Boat people come to our shore,we accepted them. Our prices of goods went down because of cheap imports ,that goes with our income too. Our income became stagnant.

    How did we survive with more expensive goods before 1994 the Free Trades? Our Incomes went up matching what we buy. We pay more for our goods but that money stayed domestic. Today we spend 4x the next economy but the money goes to them.

    Did we not have it better paying more for goods and money stayed domestic? Un educated factory workers had pensions. Common workers celebrated once their house is paid off and more money they can save?

    I remember living in Asia, dreaming of owning Levis,Dungarees,Hush Puppies only the rich can afford. Today our goods is so cheap everyone can have them but dont want to

    “Yome’s explanation in [20] is fine but aside from exhorting us to spend less on imported crap, or spend less in general, what’s his prescr1pt1on? Because there is a lot more to this issue and this explanation than “we spend too much.”

  80. Fast Eddie says:

    But you can comment to tell us you can’t comment.

    lol! I’m sorry Nom but I was thinking the same thing. :)

  81. Alex says:

    Millennials becoming afflicted with a new condition known as “text neck”.

    Brought about by spending many hours a day staring at their phones and texting.

    X-rays show that over time this will lead to spine degeneration and hunched backs.

  82. Fast Eddie says:

    [80],

    How will they communicate their pain to a doctor when they can’t text anymore?

  83. Statler Waldorf says:

    Maplewood township school cancels Halloween due to “diversity” concerns…

    http://patch.com/new-jersey/maplewood/halloween-cancelled-due-diversity-maplewood-school-principal-nixes-holiday-celebrations

    The principal sent home the following letter…

    “As we all know, one of the strengths of Seth Boyden is that we are such a diverse community, with many cultures represented, and that we truly value each one. In the past, in-school celebrations of Halloween have made many of our students feel left out – last year 120 students did not participate in the celebrations, and many other families kept their children home on that day. In total, 20 percent of our students did not participate.”

  84. Statler Waldorf says:

    Lots of visitor comments on the above Halloween article.

  85. Comrade Nom Deplume, living well off the carrion of the left says:

    [78] Joyce

    Aside from the apparent non sequitur, Grim had posted a comment regarding my original post. Further, as the benefits attorney here, others may look to me for reaction.

    Since this concerns a matter that I will probably be involved with very shortly, it behooves me not to comment. However, as I noted above, some would possibly be looking for a comment. My comment was to advise those looking for a comment that I would not comment.

    I hope this comment is responsive to your comment.

  86. Comrade Nom Deplume, living well off the carrion of the left says:

    [76] juice

    You’re not wrong. Senate Democrats are already looking to pass legislation to overturn the Kline-Miller amendment.

    Ironically, based on a quick read, pensioners in these pensions would still make out better then if PBGC took them over. I seem to recall that the minimum benefit is still 110% of the PBGC benefit. And at PBGC, the multiemployer fund is the one that is in dire straits. This measure was intended to prevent the fund from going in solvent sooner.

    This is a topic that I will probably be publishing on soon. I also have clients that may fall into this boat. Hence my reticence to go to deep into details.

  87. joyce says:

    CLEVELAND, Ohio — Dramatic video recorded by a police body camera shows an officer who’d just been shot in the ballistic vest pleading with the suspect to drop his gun before four other officers shot him.

  88. 1987 Condo says:

    28 degrees Sunday?

  89. Ben says:

    Phoenix1. Good. My older son never asks for anything at the supermarket. As a matter of fact, he knows about the impulse products near the register, and why they have TV monitors there too. He actually takes pride in knowing that marketers are constantly trying to fool him. The supermarket is really an excellent place to learn about it. Next time you all go to ShopRite, check out the pricing on the eggs. It’s actually cheaper per egg price to buy a dozen rather than 18 eggs. Figure that one out! As a rule, we simply don’t buy most dry goods unless they are on sale or with a coupon. As for meat, I only splurge on the good stuff when they go on manager’s special or on massive sale. On a rare occasion I will let my son pick out one item in the whole store just to keep him from complaining about having to be there. We grocery shop to fill the pantry about once every two weeks accept to buy bread (rolls), cold cuts for Junior and milk. Thank the lord for the route 46 farmers market too.

    First noticed that at Target years ago in vitamin section. They were playing games with the prices with the smallest container being the most economical and the largest container being the complete ripoff. Me, being in education, have no doubt that 60% of the population has no clue and it makes it more profitable. At some random moment, they reversed the prices to try to fool those who saw through it the first time. I nearly fell for it because I assumed the price was the same as a few months back. Caught it at the register though.

  90. joyce says:

    Comrade,
    It’s just a quirky thing in my mind akin to someone posting a link to an article and saying, “Posted without comment” rather than actually not commenting… or someone finishing a sentence with a . and PERIOD.

  91. Juice Box says:

    re # 28 degrees Sunday?

    Blew out my sprinklers already…Bring on winter.

  92. leftwing says:

    “Keys to palace?

    Naw, thanks, think I’ll just chuck them out the window.”

    Hope the official termination reason is “sheer stupidity”.

    http://www.businessinsider.com/goldman-sachs-university-2015-10

  93. yome says:

    91
    I called my son after reading the article this am. He just passed the IB exams given by MS about laws and procedures. Jokingly said if he cheated. 20 GS IB got caught cheating.

  94. joyce says:

    “This conduct was not just a clear violation of the rules, but completely inconsistent with the values we foster at the firm.”

    Yeah

  95. leftwing says:

    91. Still remember my first class at work in IB. NYU-Stern accounting professor. Made a point of noting he was a tank commander in the Israeli army. Asked the room who took accounting in college. Half the hands went up, banks usually hired pretty broadly in the liberal arts (two of my best friends were Art History and English majors, respectively). He glares, says “forget anything you learned, it’s BS. You’ll never hear me use debit or credit. I’ll teach you what you really need to know.” Best year and change of my life. Still use in my businesses today the lessons learned there.

  96. The Great Pumpkin says:

    If you needed any more reasons to vote for Bernie, here is another. If you complain about corruption and don’t vote for Bernie, then keep the complaints to yourself. You have your chance to do something about it. So do it.

    “Bernie Sanders rejects drug price-raising CEO’s donation: ‘We don’t want his stinkin’ money’”

    http://fortune.com/2015/10/16/bernie-sanders-turing-donation/

  97. Comrade Nom Deplume, living well off the carrion of the left says:

    I would want to see Bernie because he would be a one man recession but would not actually do anything except issue executive orders and scare half the country. And there is opportunity there

  98. The Great Pumpkin says:

    Sad part, you are prob dead on.

    Comrade Nom Deplume, living well off the carrion of the left says:
    October 16, 2015 at 9:48 pm
    I would want to see Bernie because he would be a one man recession but would not actually do anything except issue executive orders and scare half the country. And there is opportunity there

  99. Marilyn says:

    97. Well Comrade we are limping along, so Bernie yes would do us in. The Ultra rich would just leave the country like France and all left would be FRISKIES!!!

  100. Marilyn says:

    I love this little friskies stuff!!! Purina chow chow chow chow chow!!! Meow.

  101. The Great Pumpkin says:

    They left a long time ago. The minute corporations went multinational, is the minute they picked up and left.

    Marilyn says:
    October 17, 2015 at 5:22 am
    97. Well Comrade we are limping along, so Bernie yes would do us in. The Ultra rich would just leave the country like France and all left would be FRISKIES!!!

  102. phoenix1 says:

    99. Marilyn.
    Always expected you were a cat lady….

  103. phoenix1 says:

    redux.

    suspected…

  104. Comrade Nom Deplume and his amazing trick back says:

    [100] gourd

    Ask yourself this: if you could and you might not survive if you didn’t, wouldn’t you?

    There are reasons they move. Or don’t. You’re a financial analyst, figure it out.

  105. phoenix1 says:

    Multinational corporations are like lightning. They follow the path of least resistance…..

  106. phoenix1 says:

    A multinational corporation (if it really was a person) would have no trouble butchering it’s entire family, including a baby, if it would forward it’s agenda…..

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