From the Star Ledger:
New Jersey lost 13,000 jobs in May
New Jersey lost employers cut 14,000 private-sector jobs in May as the unemployment rate held steady at 4.1 percent.
The state Department of Labor and Workforce Development reported a loss of about 13,000 jobs for the month. While private sector jobs went down by about 14,000, the state added 900 public-sector jobs.
The labor department boasted of steady, long-term job growth and record-low unemployment rates. At the end of May, Gov. Chris Christie defended his economic record, saying “The economy has gotten better every way you measure it. More people are working. Less people are unemployed.”
New Jersey’s jobless rate remains below the federal rate of 4.3 percent in May.
Employers in professional and business services slashed 9,000 jobs; trade, transportation and utilities cut 2,400; financial activities lost 1,400; education and health services lost 800; information lost 500; and leisure and hospitality lost 400.
Two industries added jobs, including 500 in manufacturing and 100 in construction.
Business owners worried about Murphy’s impending anointment as our next Governor.
VIDEO: Dem official curses, accosts gay signature gatherers on Pride weekend
http://www.foxnews.com/politics/2017/06/15/video-dem-official-curses-accosts-gay-signature-gatherers-on-pride-weekend.html
@Smidgeroonie
“LeTourneau clearly thinks that if you are gay, you can only be a Democrat,” said Carl DeMaio. #LiberalLogic
Are the job numbers a trend? I think not, but we will have to wait and see.
Wow, Amazon buying Whole Foods. What was I just saying yesterday….these companies will own it all. Taking over everything.
Holy crap
Chain groceries, Target, Walmart – likely crapping their pants this morning
Quinoa and kale for everyone
Growth rate is insane. America the place to be if you want to become a millionaire/billionaire.
“Unsurprisingly, for a country where almost a quarter of income goes to the rich and where they hold the highest concentration of wealth, a big chunk of the world’s richest call America home. Two out of five millionaires and billionaires live there, and their ranks are growing fast. There are now about 7 million Americans with more than $1 million, and BCG expects 10.4 million millionaires and billionaires in the U.S. by 2021. That’s an annual growth rate of 8 percent, or about 670,000 new millionaires each year.
Millionaires are far rarer in the rest of the world than in the U.S., where 5.7 percent of all households own more than $1 million in assets. The only countries with a higher concentration of millionaires are much smaller nations, such as Bahrain, Liechtenstein, and Switzerland, most with a reputations as havens for the wealthy. China has the second most millionaires and billionaires, at 2.1 million, though its population is four times the size of America.”
https://www.bloomberg.com/news/articles/2017-06-16/the-u-s-is-where-the-rich-are-the-richest
@CamiRusso
Amazon at top of S&P 500, Wal-Mart, Costco at bottom.
Whole Foods deal = more bargaining power for $AMZN,
and that means lower retail prices
Great call Pumpkin. No one else will say it.
The End Is Nigh (jj Edition):
Holy Sh!t I had no fcuking clue….
http://www.limelightshops.com/
Still think FANG is a hunk of sh!t, or were you just hung up on the Netflix piece of it and the rebranded acronym……
grim says:
June 16, 2017 at 9:42 am
Holy crap
no…..it is only a very thin slice of overall supermarket retail….this kind of a company is fuct…..
https://finance.yahoo.com/quote/HAIN?p=HAIN
Grab them by the Covfefe says:
June 16, 2017 at 10:15 am
@CamiRusso
Amazon at top of S&P 500, Wal-Mart, Costco at bottom.
Whole Foods deal = more bargaining power for $AMZN,
and that means lower retail prices
My only problem with “Fang,” it leaves out microsoft. You have to include microsoft, can’t forget about them, they still matter.
Don’t forget the Green economy
Deadly London Tower Fire Fueled By ‘Green Energy’ Rules
http://dailycaller.com/2017/06/15/deadly-london-tower-fire-fueled-by-green-energy-rules/
London’s Grenfell Tower was made worse by government “green energy requirements” that allowed fire to rapidly engulf the building Wednesday, leaving at least 17 people dead and scores more wounded or missing.
While it’s unknown what sparked the fire, experts say that the cladding, or exterior insulation, created a chimney effect through which the fire rapidly spread upwards. The cladding was added to Grenfell’s exterior in 2015 as part of a $12.8 million retrofit.
“I have never seen a fire that has engulfed an entire building like this in a career of more than 30 years,” Matt Wrack, who heads the Fire Brigades Union, told The Telegraph.
“It could be that this is the quest for sustainability trumping other concerns,” echoed Dr. Jim Glockling of the Fire Protection Association.
“There has been an emerging body of evidence surrounding some of the materials being used and now we have an appalling demonstration of what can happen,” Glockling said.
The Telegraph noted that cladding “is used as an insulation to make buildings more sustainable to meet green energy requirements.” Some 30,000 buildings in the U.K. have been retrofitted with cladding to cheaply comply with green energy mandates.
Grenfell Tower became more energy efficient, but the space between the cladding and the building increased the potential damage from fires, leaving hundreds of residents at the fire’s mercy.
“There were explosions everywhere you looked, lots of bangs, blue gas coming out everywhere you looked,” Mickey Paramasivan told The Telegraph.
“About 12 floors up I saw three children waving from a window and then there was just an explosion and they disappeared,” he said. “They were three kids, they were banging on the windows, you could see their silhouettes and then bang, it just went up.”
Prime Minister Theresa May has called for a full investigation into what happened. Others have called for all cladded buildings to be inspected for fire hazards.
However, building residents and experts have warned about the fire risks of cladding for years. A blog post by the Grenfell Action Group in November 2016 warned that “only a catastrophic event” would bring attention to the building’s issue.
Government officials cautioned against the risks of cladding since at least 1999, according to The Telegraph.
Thank you.
LurksMcGee says:
June 16, 2017 at 10:56 am
Great call Pumpkin. No one else will say it.
30 + people dead. No wonder politicians visiting the site look ill….they probably know there are buildings all over London retrofitted with that garbage. Pictures of the building are incredible…completely engulfed in flames.
Heck probably all over the country.
Wow, just wow. Is this guy really the President?
“Is President Donald Trump trying to fire Deputy Attorney General Rod Rosenstein without actually firing him? That’s the logical inference from the president’s tweet Friday morning asserting that he’s being investigated for firing FBI Director James Comey by the person who told him to fire Comey, namely Rosenstein. The immediate effect of the tweet is to pressure Rosenstein to recuse himself from special counsel Robert Mueller’s investigation. Rosenstein will now have to do so — soon.
I am being investigated for firing the FBI Director by the man who told me to fire the FBI Director! Witch Hunt
— Donald J. Trump (@realDonaldTrump) June 16, 2017”
“After Trump’s tweet, that course of action isn’t really available to Rosenstein. Trump not only made a concrete argument that Rosenstein has a conflict of interest, but also deepened that conflict by asserting that firing Comey was Rosenstein’s idea. If firing Comey was indeed obstruction of justice, then, according to Trump’s implicit logic, Rosenstein could be guilty of a crime of obstruction.”
https://www.bloomberg.com/view/articles/2017-06-16/one-trump-tweet-can-shake-up-the-justice-department
Kid will prob turn into a murderer, or at the very least, will torture his future wife/kids/pets on a regular basis with physical abuse. You are not right in the head if you do this for fun/enjoyment.
http://www.nj.com/ocean/index.ssf/2017/06/shore_teen_reportedly_kills_and_skins_rabbit.html#incart_river_home_pop
Perhaps it’s time for the military to step in. Run the country for a few years and clean the mess of D.C up.
“Teen reportedly killed, mutilated rabbit while kids recorded it, cops say”
Future Obamacare surgeon?
Wow, the Limelight has more personalities than Blumpkin does.
Saw Ministry there when I was just a lad.
Declining quality of life.
1. Anyone go into Sears lately? I give them 6 weeks before they are gone.
2. The last two times I drove into the city, the traffic getting into the Lincoln Tunnel was reminiscent of Central Mumbai. Everyone disobeying turning lanes, traffic lights and even traffic cops.
3. The last two orders I made online had pick & pack errors.
4. NJ Transit? Forget about it!
GE never paid any taxes while Immet walked away with over $600 million
so F U and your quality of life
Sears – Appliances and appliance repairs Is why they are not dead.
They are the largest appliance retailer in the US – and they have the most extensive appliance repair network that exists – anywhere in the world.
It is a hidden gem.
Sears was Amazon…before there was an internet.
I just purchased a new washer from Sears. Try to support any way I can. Sears is an American icon and played a major roll in helping/shaping American society. All good things come to an end.
“It’s fashionable to bash “dinosaurs” that can’t evolve to survive, but I won’t. Sears revolutionized American retail not once but twice, and made a lot of Americans immeasurably better off. But Sears built a great business for an America that no longer exists: eyes on the burgeoning suburbs, lives centered on cars, aesthetics relentlessly bourgeois. That business required a lot of investment in both business expertise and real estate that the company could not change, or shed, as fast as America changed around it. And there’s no shame in that. Even the brightest stars eventually burn out.”
WTF! Whole Foods up 30% for the day!
My local beer shop just tapped some Dogfish 120, time for a trip.
Costco Craft Beer is not bad. Case of 24 is $19.99 I specially like the Indian Pale Ale at 6.9%ABV
Never forget that Immet was his O’ness’ favoritest CEO. It’s good to be [friends with] the king.
Gourd [14:27];
Sears is an American icon and played a major roll in helping/shaping American society.
They got to their position of dominance largely through catalog sales; i.e. the Amazon of their day.
Next up: Amazon buys a last-mile delivery outfit. I could be flashy and say UPS or FedEx, but more likely they take a second tier player, maybe DHL.
Pumpkin Sears was run by a vulture who had no business running a retail chain. With some of the assets sears had, they could have positioned them selves a lot better rather than turning into some kind of mall zombie k-mart. They needed to make the hard choices years ago, getting leaner, reducing store size, closing unproductive stores, focusing on their strengths(tools, hardware, utility goods, appliances)
No alcohol available at either of the two outlets nearest me. I’d have to drive to Wayne.
No. As with any good thing, if there are negative influences, it will destroy the core of what is eventually, unless nurtured over time. As an example, this blog was a vibrant place until you arrived and destroyed it, and ran off a good number of the most valuable posters.
The Great Pumpkin says:
June 16, 2017 at 2:27 pm
I just purchased a new washer from Sears. Try to support any way I can. Sears is an American icon and played a major roll in helping/shaping American society. All good things come to an end.
“It’s fashionable to bash “dinosaurs” that can’t evolve to survive, but I won’t. Sears revolutionized American retail not once but twice, and made a lot of Americans immeasurably better off. But Sears built a great business for an America that no longer exists: eyes on the burgeoning suburbs, lives centered on cars, aesthetics relentlessly bourgeois. That business required a lot of investment in both business expertise and real estate that the company could not change, or shed, as fast as America changed around it. And there’s no shame in that. Even the brightest stars eventually burn out.”
BTW, WFM is trading through its all cash offer price…….
I had the nagging concern that Immelt was a fcuking hack for years……given what he did for a living, and his bonhomie with his Royal O-ness….it set a tone for malaise…..everything that his royal O-ness influences soon withers and turns to dust…..
Anon E. Moose, Ghost of JJ says:
June 16, 2017 at 2:58 pm
Grab them by the Covfefe says:
June 16, 2017 at 12:57 pm
GE never paid any taxes while Immet walked away with over $600 million
so F U and your quality of life
Never forget that Immet was his O’ness’ favoritest CEO. It’s good to be [friends with] the king.
a-ha
http://www.cnbc.com/2017/06/16/whole-foods-shares-rise-above-amazon-offer-price-on-speculation-of-bidding-war.html
“this blog was a vibrant place until you arrived and destroyed it, and ran off a good number of the most valuable posters.”
Yes this place has changed, but that is not down to one poster. Annoying posters in here is nothing new. Remember Bi, Jamil, Ducky and many others over the years?
A bigger issue is the circle jerk is still going, using ad hominem and school yard bullying to should down any opinion that doesn’t fit the mantra.
Moose,
DHL hasn’t done normal US pick up and delivery since 2009. They work through USPS now.
should = shout
@KatyTurNBC
Exclusive:
Trump personal lawyer, Michael Cohen, has hired his own counsel:
Stephen Ryan,
of McDermott, Will & Emery.- source w knowledge
“The End Is Nigh (jj Edition):
Holy Sh!t I had no fcuking clue….
http://www.limelightshops.com/”
Hope they cleaned some of the ‘deposits’ left in those nooks and crannies from the day…….
Grim: Need to advertise those tastings in advance!! Serenade is a fave restaurant….didn’t see until this morning…..
Re WFM…..Amazon up on the day (unusual for acquirer) in an amount nearly equal to aggregate purchase price ($14B). Competing food related retailers off in aggregate about $30B. Amazing. Even the US gubmint would find it hard to engineer that level of wealth transfer in a morning lol.
Latest joke going around….Bezos says to Alexa “Buy from Whole Foods” and Alexa bought Whole Foods instead.
Retards…..retards….everywhere.
LW.
Alexa.. That was funny.
“To those complaining that Tesla wouldn’t exist without government/taxpayer dollars… that’s true of a LOT of industries/companies. Most of our country wouldn’t have rail road access if it wasn’t for subsidies to Amtrak and the various rail line companies along the way. Most would not have telephone access if not for subsidies to AT&T. Nor would most have access to utilities if not for government intervention. We would live in a very different, non-worldpower country if our government didn’t use its ability to tax us to help private corporations move us forward technologically.”
“Fortunately that is not true. Boring, Alcoa, Intel, GM, Ford, Fiat, Shell, N!ke, Nissan and Cerner are all ranked higher for subsidies, but you will get no mention of these companies when LA Times writes a click-bait piece. The subsidies are really misleading in articles like that.”
“You’re right! The government should stop propping up businesses. The oil and coal industries can support themselves, too!”
“Trillions of dollars a year are spent by the US military babysitting oil trade routes. Oil companies are ranked the highest in the nation for subsidies and we are not talking about tax right offs.”
Moral of the story, govt does not only support the green industry, they actually support the fossil fuel industry and other industries much more, but no one seems to focus on that.
Also, it seems govt plays a hell of role in making their citizens lives better( and the world in general) by being the venture capitalist to fund research and development that nobody in the private sector will support. The private sector generally only supports “sure bets,” they don’t generally support ideas that are years away from making a profit. If they can’t see a profit within 10 years, they don’t go near it.
So to put it simply, we would see significantly less industry disruption if the govt didn’t forcefully mitigate these changes by throwing money at people like Elon Musk with the vision and motivation to change entire industries. God knows how far back we would be tech wise if govts didn’t push innovation with subsidies aka a carrot to push these people out of the comfort zone and provide real innovation. Real innovation means losing lots of money, something the private sector investors will never do.
“The government should be playing venture capital. That’s how we stay competitive globally. Microchips were invented under government subsidy, and were so unaffordable that the only customers were the military (government). This continued purchase with tax money led to further development that got the price down so low that I can use one to tell you you’re wrong while I sit on the toilet. No great innovation starts cheap, but electric cars and high capacity batteries are unbelievably useful in the long run”
GP,
Cut off the oil to this country and all hell breaks loose which is why this is so well protected by the military.
Grim said something the other day-something along the lines 1 led bulb per house get rid of 40 power plants or something like that.
Everything here is supply and demand. Price of fuel goes up, American buys a Prius.
Price of fuel goes down, American buys a Ford Excursion.
Most Americans buy what they “like” or “want” or what as been marketed to them.
It’s all about appearance. We are judged by our homes, our clothes, our cars.
There are exceptions. It is those who can put themselves in other’s shoes or have evolved from a different perspective that tend to buck the trend.
I teach my daughter not to judge someone by their clothing, car, house, etc.
You don’t know the story how they ended up the way they did. One could appear one way in 2015- loss of a job, cancer, divorce- then end up with a totally different life.
At the same time I explain to her that the best thing she can do is increase her skills and accomplishments-many things can be taken away from you but you can rebound if you have skills, and your accomplishments make you feel better than any material good there is.
That went off track….
Thank you, Elon. You are doing something great for humanity, it’s a pleasure to live at the sane time as you, and see this change take place with my own eyes. This guy is doing more for the future of humanity than anyone else currently living on this planet. He just forced the car industry to give up its addiction to oil. He is changing how we use and store energy. He is also providing the avenue to take humans into the next frontier….planet colonization. Man, this guy is simply amazing.
“Elon Musk began Tesla not to become ultra wealthy but to get society on a progressive track to renewable energy. Hence the namesake of Tesla. Nikolai Tesla wasn’t seeking Fame or fortune either he simply was in it for the betterment of humanity. Not everyone is greedy and selfishly addicted to profits over people.”
Phoenix, always enjoy your posts. You truly understand how everything can chamge in a blink of an eye for someone. Need more people like you.
Jcer,
You are right about Sears. They could adjust better.
It’s efficiency. Amazon is efficient. Computers/AI/Robots (when working correctly and designed right) are more efficient/reliable/dependable than humans any day of the week.
Efficiency will continue to eliminate the weakest…
If more people thought like you, so many people wouldn’t associate wealth with success and poverty with failure.
Pumps,
The older I get the more I realize how so many things we do/buy/fight for that if we just did nothing at all the results would be better our would have made no difference at all…
Cosby Trial —> Hung Jury
If the trial ends in a hung jury, then Cosby could walk out of court a free man.
The district attorney could choose to retry the case, but prosecutors would not likely move for an immediate retrial on the spot, according to a spokeswoman for the Montgomery County District Attorney’s Office.
“Everyone wants to live in LA and that’s the problem”
http://www.latimes.com/local/california/la-me-lopez-housing-crisis-06182017-story.html
I’m not sure exactly why but this web site is loading extremely slow for me. Is anyone else having this issue or is it a issue on my end? I’ll check back later and see if the problem still exists.