From the NY Times:
Jersey City: Growing, With Many Personalities
Elizabeth and Nick Flint were apartment hunting in Brooklyn two years ago when a friend suggested they consider Jersey City instead. The couple, who were renting in Williamsburg, wanted to buy a place.
“By the time we found something in Brooklyn, it was like 13 stops on the L, so we started to look at other places,” Ms. Flint said. They soon realized that Jersey City had a vibrant downtown with an accessible waterfront. It was also a short commute to Manhattan.
The Flints focused on Jersey City Heights, at the city’s northern end. “We found this area of the Heights that was untapped,” said Ms. Flint, 36, a yoga instructor. The sleepy enclave had a mix of one-, two- and three-family homes and large apartment buildings. While some blocks were handsome, others seemed rundown.
The couple, who now have a 3½-year-old son and a newborn daughter, paid around $385,000 about a year and a half ago for a house with three bedrooms, two and a half baths and a small yard on Jefferson Avenue. Ms. Flint misses the energy of Williamsburg; where she lives now “kind of reminds me of Greenpoint five years ago,” she said, referring to the Brooklyn neighborhood.
The Heights is one of many neighborhoods in Jersey City drawing people priced out of Manhattan and Brooklyn.
“As Manhattan becomes increasingly more densely populated, people are migrating to the next stop,” said Michael J. DeMarco, the president of Mack-Cali Realty, which is building 6,000 residential units near the Jersey City waterfront, including M2 at Marbella, a 311-unit rental opening this month. “Now they’re looking across the water and saying, ‘Isn’t that a lot closer than Bushwick or Williamsburg?’ ”
Countless restaurants are now downtown. Whole Foods Market plans to open near the Grove Street PATH station in 2020. “Everywhere you look around, there is something new happening,” said Nicole Sorgentoni, 33, a jewelry buyer for Loft who pays $2,320 a month for a one-bedroom in 70 Columbus, a luxury rental downtown.
Steven M. Fulop, the 39-year-old mayor, said of the city, “We’ve kind of hit our stride.” He and his fiancée, Jaclyn Thompson, are renovating a Victorian rowhouse that they bought last summer in the Heights.
Of course they are going to improve. You are going from a population of poor students to wealthier students.
“But many parents say schools are improving, especially downtown. “The schools down here are getting better, and they’re getting better because more parents are getting involved,” said Jesse Teeters, 37, an actor whose daughter, almost 6, goes to kindergarten at Public School 5 downtown.
Mr. Teeters and his wife, Megan, 37, a clothing designer, bought a three-bedroom rowhouse in 2011 on First Street in the Village, a downtown neighborhood. They paid $515,000; similar properties in the area are selling for around $1 million today, he said.”
1- Wow, double your money in 5 years. That’s what you call lucky.
CNBC this am
“People enrolled in Trump University because they thought they would magically get rich.
Same rationale used by those voting for him.”
I’m going long SWHC and RGR for the 3rd quarter pop.
This will prob lead to more income inequality. Less people will have access to the best jobs. Big question, how many programming jobs are really going to be created? A lot of the optimists expect new computer programming jobs to make up for jobs being eliminated by automation. I’m not so sure.
“Saying that an industry is contracting doesn’t mean people won’t be earning a living in finance down the road. Banks will need computer engineers and data scientists—and old-fashioned voice traders to make markets in more bespoke assets such as structured credit. People will be needed to conceive of, create, and maintain new products. Matthew Dixon, an assistant professor of finance at the Illinois Institute of Technology who has studied machine learning, tells aspiring traders to learn computer programming. “The days you could just learn Excel and do some fundamental analysis are over,” Dixon says. “You’re going to be working with larger and larger amounts of data, and you’ll need to know how to use algorithms.”
Wall Street will go on—but maybe without as many suits.”
http://www.bloomberg.com/news/articles/2016-06-08/wall-street-has-hit-peak-human-and-an-algorithm-wants-your-job
5- Chi, you are lucky you are probably close to retirement. Your profession looks like it’s going to be taken over by automation.
Let’s say the financial markets automize from top to bottom. Won’t a really smart human being find loop holes to take advantage of the automatized financial trading markets? I would think so. Creativity will find loop holes.
Dude…I’m 47
also….no machine replaces what I do…..there are plenty of useless dot connectors in my industry that will be pounded into dust though……
3 – that’s pretty good
Grim, did you every buy the pickup truck you were interested in?
Sorry, thought you were close to retirement. Glad to hear you are in a position to not be replaced. Not trying to be insincere, but honestly, it’s these people’s own fault for not seeing the writing on the wall and doing what they can to make themselves employable. Competition is brutal, but you have to keep on doing what you can to survive.
chi says:
June 8, 2016 at 9:15 am
also….no machine replaces what I do…..there are plenty of useless dot connectors in my industry that will be pounded into dust though……
No I’ve been waiting to see the new Ridgeline.
SFB [3];
Nothing at all like Democrat voters who are pulling the lever for 99 week unemployment, expanded food stamps and ‘free’ Bomma [Hillary?] phones.
This DeSanto character is a joke. Another loser trying to “sue” his way to wealth. How many colleges did he attend? Looks like he is on the 8 year college track. What a tool. I’m sure he is not even hurt, just looking for a free paycheck on someone else’s back.
“DeSanto, a former standout baseball player and academic All-American at Raritan Valley Community College, said he was returning to his room in the south tower of Lynton Towers on the Livingston campus when he saw O’Reilly, beer in hand, open a janitor’s closet and pull out a hose.
Clearly intoxicated, O’Reilly began spraying the hallway with water and threatened to turn the hose on DeSanto, who told the ballplayer he didn’t want to be sprayed and to put the hose away, the lawsuit states.
DeSanto said O’Reilly backed him into a corner, prompting the smaller man to push O’Reilly away.
Infuriated, the ballplayer told DeSanto, “If you put your hands on me again I’m going to give you the worse (sic) concussion you ever had,” according to a report written by an investigator with the Rutgers University Police Department.”
“The action injured the bones in DeSanto’s neck and exacerbated a head injury he had suffered in 2009, while a student at Ramapo College. In that case, DeSanto was duct-taped to a chair and pushed through a hallway of his dormitory in an event known as the Dorm Olympics, according to a published account.
The injury occurred when DeSanto’s head smashed into a cinder-block wall. In 2013, he reached a $375,000 settlement from the state.”
http://www.nj.com/news/index.ssf/2016/06/rutgers_baseball_player_accused_of_drunken_attack.html#incart_river_home
Con’t [13];
Keep attacking Trump rallies waving Mexican and ISIS flags; keep throwing eggs and bottles; let the Hillary-bootlicker of a Mayor tell his police force to do nothing about it so they don’t upset the rioters. It doesn’t matter if Trump is a racist — the left continually validates what he’s saying.
14- Academic all-american taking 8 years to get a degree??
“So given all of that, guess who’s the chairman of the platform committee for the upcoming Democratic National Convention? Right: Dan Malloy, governor of Connecticut, subsidizer of billionaires. Guess who named him? Right again: Wasserman Schultz, “top Democratic ally” of “predatory p@yday lenders.” We’re not making this up.”
http://www.huffingtonpost.com/bill-moyers/wasserman-schultz-has-a-c_b_10347476.html?yptr=yahoo
anon (15)-
Two wrongs don’t make a right. As we are about to discover.
And this reverie of urban bliss will last until this pair of idiots checks out the local elementary skool.
“The couple, who now have a 3½-year-old son and a newborn daughter, paid around $385,000 about a year and a half ago for a house with three bedrooms, two and a half baths and a small yard on Jefferson Avenue.”
Nothing at all like Democrat voters who are pulling the lever for 99 week unemployment, expanded food stamps and ‘free’ Bomma [Hillary?] phones.
You beat me to it.
lol…yup
Amerigeddon says:
June 8, 2016 at 10:49 am
And this reverie of urban bliss will last until this pair of idiots checks out the local elementary skool.
“The couple, who now have a 3½-year-old son and a newborn daughter, paid around $385,000 about a year and a half ago for a house with three bedrooms, two and a half baths and a small yard on Jefferson Avenue.”
re: #11 – ” Glad to hear you are in a position to not be replaced.”
Without the pivot man? What would we do then?
re # 21 -Nothing like a Jefferson Avenue summertime MS13 cookout. Make sure you bring some salsa.
Moose, your FB post on the Goethals was prescient. I was thinking exactly that yesterday.
Jefferson Avenue! lol! I know every square inch of the Heights! Omg, what a scam!
[15] moose
I’ve noticed that they only demonstrate in reliably blue areas.
Come on anonunistas. Show some sack and demonstrate in gun country.
Video Compilation…Trump supporters exiting rallies are assaulted without provocation
http://www.thegatewaypundit.com/2016/06/must-see-video-compilation-shows-trump-supporters-violently-assaulted-liberal-media-blames/
Saw that a dem congressman from Texas took two days thinking up a response to Trump and came up with “shove it up your a$$”.
Someone from NJ could do that in a coma.
FWIW, I don’t want the wall. In fact, open them borders. More cheap labor means more inequality from labor oversupply and more strife. So I make out on the expense and income ends.
[27] DFENS
You must learn the new party line: The Trump supporters clearly provoked the peaceful demonstrators by showing up. Their mere presence is a provocation.
Also, free speech is actually hate speech.
These are the new rules. Under dear leader Clinton, this is what you can expect from the new red guard in our
social media. Better get used to it.
racism
@nytimes
The one surprising factor that predicts whether someone will support Donald Trump
“My analysis indicates that economic status and attitudes do little to explain support for Donald Trump,” Philip Klinkner, a Hamilton College political scientists who analyzed American National Election Study (ANES) survey wrote for Vox last week. He continued,
“those who express more resentment toward African Americans, those who think the word ‘violent’ describes Muslims well, and those who believe President Obama is a Muslim have much more positive views of Trump “
30. The phonetic pronunciation of the study acronym says it all.
Watch before her account is mysteriously suspended…
The Clinton campaign colluded with AP to announce her coronation…er…I mean nomination
@Cold_Stare
@DrJillStein Planned attack w/ @AP Graphic delivered tonight created days ago. Worked together to do this tonight.
12:34 AM – 7 Jun 2016
https://twitter.com/Cold_Stare/status/740039202541211648
Joyce – (from yesterday) – Re: the video.
If you pull up Google maps street view (Thill St, Cincinnati), you can find the exact point of the traffic stop.
1. The front windows of the vehicle are dead even with the concrete back steps of the house as seen through the front seat windows in the video.
2. Just ahead of the car is the driveway of the house, with a truck backed into it (same truck is there on Google Maps street view too).
3. Just ahead of the driveway is a grassy area and many feet into that area there is a sign across the street adjacent to the guardrail.
4. When the car starts moving you can see the truck directly through the front windows (where you used to see the steps).
5. A few frames looking rearward you can see distance change between the car and the police cruiser (at one frame you can only see half of the cruiser’s grill, then you can suddenly see the whole vehicle and sidewalk).
6. Finally, when the cop gets dropped on his back facing down the hill the first thing you see is the BACK of the sign that used to be 20 feet in front of him.
7. It is only a few seconds before the cop gets up and turns around and the car is already out of view, no longer on the roadway (the report says where the car came to rest is 400 feet from the traffic stop). I could go through the physics but it should suffice to say that for the car to already be at rest again 1.33 football fields away uphill in just those few seconds can only be possible if the car was already rapidly accelerating when the cop fell from the vehicle.
Re: the cop wanting to see my hands out the window of my car
It wasn’t the point that I was driving a 20 year old car with out-of-state plates, the salient point was that it was a 20 year old Camaro. Cops profile cars too. A 1977 silver Camaro with tags from several states away says meth head with a gun louder than a 1977 BMW (in 1997, anyway). I got out of so many tickets in that car, I think mostly because cops couldn’t believe when they got to the window that I was a college-educated professional with a completely clean and vacuumed interior. Definitely not what they expected to find when they walked up to my window. I always had the good sense to have my DL photo taken wearing a white shirt and tie too. I accelerated away from a State Trooper in that car at night in the rain on a twisty road and didn’t get a ticket. I told him I would not have raced him if I knew he was cop. He laughed.
44
Dragged? Dragged 20 feet?!?! Is there another video I haven’t seen?
Lastly, why does driving an old car out of state demand increased suspicion?
@timothypmurphy
Either way sounds like they’re headed off a cliff.
@jpodheretz
Romney doesn’t just have an opening.
He has the Grand Canyon.
[33] Here’s all three cops synchronized body cams. Pause at 12 seconds and look at Lindenschmidt’s camera(with gun drawn) and see how far away from the traffic stop Tensing is, still on the ground. That’s Tensing’s cruiser also in view as well as the perp’s car still in the roadway.
http://www.theguardian.com/us-news/video/2015/jul/30/body-cameras-officers-samuel-dubose-shooting-video
lol… there you go.
That’s the idea here, you know income inequality isn’t going away, mine as well position yourself to take advantage.
Comrade Nom Deplume. Citizen, 2nd Class. says:
June 8, 2016 at 12:28 pm
Saw that a dem congressman from Texas took two days thinking up a response to Trump and came up with “shove it up your a$$”.
Someone from NJ could do that in a coma.
FWIW, I don’t want the wall. In fact, open them borders. More cheap labor means more inequality from labor oversupply and more strife. So I make out on the expense and income ends.
Your investigative skills are top notch. Why are you not a detective or lawyer? You will kill it.
The Original NJ ExPat says:
June 8, 2016 at 1:11 pm
[33] Here’s all three cops synchronized body cams. Pause at 12 seconds and look at Lindenschmidt’s camera(with gun drawn) and see how far away from the traffic stop Tensing is, still on the ground. That’s Tensing’s cruiser also in view as well as the perp’s car still in the roadway.
http://www.theguardian.com/us-news/video/2015/jul/30/body-cameras-officers-samuel-dubose-shooting-video
Do you know how much deaths the Muslim religion is responsible for? So much blood spilled for an ignorant religion that does not accept any other religion but its’ own. So it is okay for the middle eastern and african Muslim communities to not allow other types in their community, but the rest of the world must accept their culture and way of life when they come? Try going down a street in Paris occupied by the Muslim community. They will treat you like a sub-human being. Since when did France become their country where they made the rules?
My mother-in-law’s brother lives in Germany. You want to know what happening over there. Groups of Muslim immigrants walk into a store as a group, grab whatever they want, and no one does anything because they are scared they will be killed by them. Forgot to mention how they all carry some type of weapon. Good people, let’s embrace them and invite them into our country. It will end well.
If they don’t accept you into their community, why the hell would you allow them into your community? You have to be an idiot. Trump is dead on right.
“those who express more resentment toward African Americans, those who think the word ‘violent’ describes Muslims well, and those who believe President Obama is a Muslim have much more positive views of Trump “
38- Nothing to do with racism and everything to do about protecting your community and culture. If they don’t like it, don’t come here. When you move to another country, don’t expect that country’s citizens to adjust to you, you adjust to their way of life, or you don’t go there.
Perfectly said.
Comrade Nom Deplume. Citizen, 2nd Class. says:
June 8, 2016 at 12:30 pm
[27] DFENS
You must learn the new party line: The Trump supporters clearly provoked the peaceful demonstrators by showing up. Their mere presence is a provocation.
Also, free speech is actually hate speech.
These are the new rules. Under dear leader Clinton, this is what you can expect from the new red guard in our
social media. Better get used to it.
Re: [38, 39];
Watch out, Anon-a-troll swinging from the other side of the plate again today.
Hey Grim, you give him a bonus for >100 comment day?
Sounds good to me. You want to chip in?
Anon E. Moose says:
June 8, 2016 at 1:35 pm
Re: [38, 39];
Watch out, Anon-a-troll swinging from the other side of the plate again today.
Hey Grim, you give him a bonus for >100 comment day?
A Conservative Interviews Katie Couric
http://www.mrctv.org/videos/conservative-interviews-katie-couric
In her own words…what she thinks about the deceptive editing of her documentary “under the gun”.
Didn’t know about our low divorce rate and low obesity rate.
http://www.nj.com/entertainment/index.ssf/2016/06/the_12_best_reasons_to_live_in_new_jersey.html#15
Wow, guy was spot on. This is from 1999 before the .com bust. He is on pt with his assessment that a depression like 1929 prob will not happen again because we are no longer tied to the gold standard. If we were on the gold standard in 2008, there would be no economy to speak of after 2008. Wish Ron Paul understood this.
” jeffrey d. sachs
He is the Galen L. Stone Professor of International Trade at Harvard University and the Director of the Center for International Development. He has served as an economic advisor to governments in Latin American, Eastern Europe, Russia, Asia and Africa.
A growing number of observers have pointed out similarities in certain trends in the 1990s that were also trends in the 1930s. You’ve written some about that yourself …
There’s a question whether 1999 is 1929. We had a booming stock market in 1929 and then went into the world’s greatest depression. We have a booming stock market in 1999. Will the bubble somehow burst, and then we enter depression? Well, some things are not different. The volatility of international capital played a big role in the onset of the Great Depression. The volatility of international capital is obviously destabilizing markets today.
jeffrey d. sachsThere is, in my view, one fundamental difference, though. I think it really is so fundamental that the analogy doesn’t hold in the end. In 1929, the world was on a gold standard. That meant that every major currency in the world was linking the value of its currency to gold … with the price of the currency set to gold, you couldn’t really do very much in terms of expanding the money supply in a depression, and so on. We only got out of the Great Depression as countries got off the gold standard, which was a long, arduous, tumultuous and, eventually, tragic process.
The good news for 1999 is, we are not on a gold standard. We have independent national currencies or regional currencies, in the case of the euro. If we did go into a recession, something that’s always possible for the U.S. or Europe, we could lower interest rates and expand the money supply without worrying about the price of gold.
If the whole world went into recession, all the major central banks could cut interest rates and expand the money supply. Indeed, last summer in 1998, when there was an intense moment of fear after the Russian default of a worldwide credit crunch, the Federal Reserve Board cut interest rates several times and successfully overcame that fear. I think that was important to a good monetary policy. So this is the big difference in my view. Could it happen again? It would take absolutely horrendous policy mistakes. The system itself is a lot safer right now, because we are not bound by the straight jacket of the gold standard.
Do you think that the stock market bubble, but more, the sense of American prosperity, is ever going to be affected by what is happening in the rest of the world?
The U.S. is in a bit of a euphoric mood. Euphorias come to an end. We hope they don’t come to an end with a recession, much less a crash. There’s a lot of strength in the U.S., but there’s a lot of froth also. The froth will blow off. We’re going to have to face up to some realities that we’re not fully facing up to right now.
Ten years ago, there was a lot of euphoria about Japan … [and] fear in the U.S., that we’re about to be taken over or fully owned by Japan. Well, this was a lot of hysterical market misunderstanding. Opinions in markets just bounce off of each other. We see it happening again.
The U.S. has a sound economy. It also has a cyclical economy. It also has stock market values right now that are hard to explain on historical norms. While it’s always possible that everything can be based on the new economy, it’s also quite possible that we’re doing a little bit of exaggeration in just how wonderful things are.
Do you have any sense that Washington policy makers are reconsidering some of the policies? …
I think within a limited range of issues, they’re thinking, “What about exchange rate recommendations? What about short term capital flows?” There is some discussion of some real issues. The broader issue of the real role of the U.S., the foreign assistance aspect of that, who’s going to pay for the security of a global economy? No, we are not doing any broad rethinking right now. This is the end of an administration. That’s usually a pretty terrible time for any real ambitious thinking.
Does that worry you?
I’ve been worried all through this decade. I’m more worried at the end of the decade than I am at the beginning of the decade, because you have so many of the poor countries of the world in utter crisis right now. I don’t see that crisis getting better. I don’t see much real and serious attention. By serious, I mean something that might cost us something. ”
http://www.pbs.org/wgbh/pages/frontline/shows/crash/etc/again.html
WHOOPS!!!!
http://www.powerlineblog.com/archives/2016/06/epic-correction-of-the-decade.php
Wasn’t that, ahem, ‘study’ flogged as nauseum by Fabian and the Twitiot?
I’ll not hold my breath waiting for their mea culpas
Wow, for the third election in a row, the Dems are playing the race card. I just hope women don’t start asking for reparations.
Yeah, they are supposed to able to accommodate a wide range of pen1s girths and lengths. Or is that something different?
Wow, for the third election in a row, the Dems are playing the race card. I just hope women don’t start asking for reparations.
I’m starting to lose my respect for the Democratic Party the more and more I see this type of behavior. Disgusting.
https://www.facebook.com/CBSSanFrancisco/videos/10153771825249436/
i will finally get a pony!?
Whenever I listen to Tom Keene and Bloomberg Surveillance, I feel smarter
Whenever I read suggested posts on Facebook, I feel dumber
This is interesting. When Cuomo opposed the First Niagra-Keycorp tie up this year, he did so purely on antitrust grounds.
https://www.governor.ny.gov/sites/governor.ny.gov/files/atoms/files/KeyBank_FirstNiagara_Acquisition.pdf
In the past, these letters alleged antitrust, which is easily beaten back, but they invariably claimed that the merger would prevent poor people from getting credit or banking services.
Conspicuously absent in this letter. What? No love for the muppets? 2008 wasn’t their fault after all.
[52] redux
I stand corrected. There was more than one letter.
http://www.bizjournals.com/albany/news/2016/02/10/cuomo-on-first-niagara-keycorp-merger-blocking.html
Though it was frankly a really weak effort. I guess they want to be able to say that they did something and blame it on the Feds.
#46 Tin Pot
Wow, attributing to me when I’m not around.
Can I ask, where’s the facts in evidence? Or are you just pulling your usual associative cr@p!
#47 Stu,
Because Trump never said that?
Last Time I heard something that bad, Gary was asking “why Dems brought abOrtion into everything!” when VA and other GOP states were passing their Wanding laws.
From what I see Trumpland has not changed much!
Grim, do you remember my landlord? They finally woke up and they want to sell.
Stu, I just dropped in to pick up the name of your mortgage guy. I don’t think he will beat my current numbers, but I’ll drop your name to get you some ticket points.
Before I go, now that we are out from under the delegate count, we have the nominees. Yes I was wrong! I did not think Trump would get this far. I underestimated the stupidity of the GOP base, but now we head to the Electoral College.
Currently my prediction is Hil 347 Trump 191, but I think we are in for a historic blowout.
My outlier is; Hil takes Texas
Peace out!
Gluteus,
Isn’t “the base” usually used to refer to the smaller core, a staunch subset of the actual party? The numbers prove that this is not that. Perhaps you meant, “I underestimated
the stupidity of the GOP basehow many people would not only vote, but even change parties to cast more votes than ever before in Republican primaries”? I’m not trying to put words in your mouth, but even if I was, it wouldn’t compromise your primary speaking orifice. Stock up on Mexican flags and 40’s of Steel Reserve so you can stand with your people.I underestimated the stupidity of the GOP base
A Punkin’ turd sundae, with a Gluteus cherry on top.
Meh.
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