From the APP:
Phil Murphy wants to spark NJ economy, but how?
New Jersey’s economy looks far different than it did when the Great Recession struck a decade ago, but its long-standing problems are firmly in place, academic and business leaders said Wednesday.
It prompted them to urge incoming Gov. Phil Murphy to break through the polarized political climate and develop a clear plan that will lead to long-term growth.
“Phil Murphy is a wonderful person,” said Tom Bracken, president and chief executive officer of the New Jersey Chamber of Commerce. “But where are we going?”
Bracken joined other leaders at Rutgers University’s Edward J. Bloustein School of Planning and Public Policy for a forum that took stock of the state’s economy 10 years after the recession.
It came at a crossroads. Murphy, a Democrat, is getting set to take over for Republican Gov. Chris Christie on Jan. 16, becoming the latest in a long line of governors facing a seemingly intractable problem: The state needs to invest in work force development and transportation, but its residents are already among the nation’s most heavily taxed.
Regarding unions and dues discussion yesterday. I hear there is a case in the supreme court that is challenging this? If the case is decided against unions, unions can not force members to pay dues. Would have a very interesting impact to local unions, especially powerful unions like the NJEA and CWA.
I’m all for it.
I think most would agree that the current pension system is problematic.
The question is, how do you fix it?
It wouldn’t be right to remove people currently in the system.
Stopping the pension for new workers and giving them 401k is the best way, well, except it really is a ponzi scheme where new members are needed to fund the payouts.
This was the case that was heading for the SC when Antonin Scalia “died”
“It wouldn’t be right to remove people currently in the system.”
Do you mean like raising the retirement age for people already paying into social security?
@The_Cranberries
We are devastated on the passing of our friend Dolores. She was an extraordinary talent and we feel very privileged to have been part of her life from 1989 when we started the Cranberries. The world has lost a true artist today.
Noel, Mike and Fergal
No, Raising the age is a tweak, like raising the rates workers pay into the pension.
It would be like getting rid on SS altogether and making savings accounts.
My farts tend to linger.
Libturd
If you can release one in a commercial walk in freezer , it will last for hours.
That’s coming. Increased eligibility thresholds, means testing and COLA elimination will all happen in my lifetime.
If I were a state pensioner under the age of 50 I would want to reform the system now before the boomers bleed it dry.
@morningmoneyben
Give us your Norwegians, your Swedes, your Danes,
your well-dressed skiers,
yearning to give up free health care and mandatory paid leave…
I think most would agree that the current pension system is problematic.
The question is, how do you fix it?
It wouldn’t be right to remove people currently in the system.
Stopping the pension for new workers and giving them 401k is the best way, well, except it really is a ponzi scheme where new members are needed to fund the payouts.
Contributions needed from the state to actually pay something. You can’t sit there and go “we have a budget problem we’re putting in a billion less” like Christie did. Then give everyone a 50% haircut. Immediately eliminate any double dippers.
Public pensions will be paid in Bitcoin.
yearning to give up free health care
How do doctors, staff, procedures, medicine, supplies, administrative tasks get paid for? I’m serious, where does the money come from?
“Immediately eliminate any double dippers.”
Will never happen. Most politicians are in it for themselves. Many are double dippers. Don’t ever think the government represents you. That’s the mistake Americans make and is exactly why we are where we are today. The rules are made to benefit the highest bidder. Every time.
Libturd,
Did you officially study Public Choice economic theory or did you discover it for yourself firsthand?
https://en.wikipedia.org/wiki/Public_choice
Never heard of it. Though I have an economics minor with a 4.0 average. Didn’t take econometrics though, which I heard was tough. Had very smart teachers who steered me away from that discipline. They pretty much told me the best I would ever do with an Economics degree from Montclair State was to teach Economics. They were all miserable. One prof, Baytas, was like my mentor. I played adjunct frequently, off the record.
https://business.montclair.edu/faculty-research/faculty-directory/baytasa
I know it will never happen, but that’s the fix. The system is doomed. Everyone collecting wants theirs and would rather collect 100% of what’s promised to them even if that means it goes bankrupt.
Public pensions will be paid in tax liens.
Sorry buddy, your pension is a tax lien on a house in West Orange. If you want to retire, hopefully you can collect on it, or sell the house for a few bucks in foreclosure. Good luck.
How do doctors, staff, procedures, medicine, supplies, administrative tasks get paid for? I’m serious, where does the money come from?
Doctors in the Nordics get paid about half of what US doctors do. They also dumped the entire concept of malpractice. They also don’t have an entitled populace who thinks that they deserve cost-no-object treatment for a terminal condition, and then sue when the system doesn’t deliver.
Seems like a fair start, treat doctors less like gods and more like the mechanics they are. Icing on the cake is to eliminate the concept of “prestigious medical schools” and the associated debt, and perhaps we can put the human back in healthcare.
For anyone saying teachers should have gone on strike, you should be aware that it is illegal for teachers to go on strike in NJ.
http://www.nytimes.com/2001/12/04/nyregion/new-jersey-teachers-jailed-for-continuing-to-strike.html
Interesting No One. I preferred to focus my learning on Micro instead of Macro economics. I see that Public Choice generally falls into this area. I just read the entire Wiki entry you referenced and I would agree, that’s where I am coming from. Mix in a decent dose of the study of marketing and you will understand why I am so skeptical of government. Keep in mind, the masses are asses. People who are too dumb or ashamed to use coupons at the supermarket or at a restaurant would never think that an Obama was no less in it for himself than a Trump would be.
They can’t jail em all. Lame excuse.
The NJEA is a powerless union since they sold their souls to state leaders for these insane benefits in the first place. Now these state leaders know it’s political suicide to go against the teachers union. Because “It’s for the children.” Or, “You are disrespecting teachers.” Sweeney is lucky his political career is alive after partnering with CC. The truth is, CC was the first governor in NJ to even try to right the ship. Look how well he did.
As usual, and call it “Public Choice,” the masses are asses. Like Murphy, they want what is best for the teachers. They just don’t have a way to pay for it. I wish all of my kids teachers had the skill set worthy of a 200K compensation package. But I simply can’t afford it. Neither can you.
DOW 26K, I was off by a day. I said Wednesday last week.
Well, I’ve added PA bar to my quiver (along with other states) and remain available to help all of you with your NJExit strategies. Grim and several of the regulars have my email.
It’s comical all of the countries who have ridiculed the president’s immigration position all have the immigration systems that he wants. No chain migration, no visa lottery, merit based migration. Even Canada who was taking a holier than thou position previously has gone quiet except to say they won’t be taking any Haitians or El Salvos. Bunch of hypocrites.
“Very Stable Genius says:
January 16, 2018 at 8:27 am
@The_Cranberries
We are devastated on the passing of our friend Dolores. She was an extraordinary talent and we feel very privileged to have been part of her life from 1989 when we started the Cranberries. The world has lost a true artist today.
Noel, Mike and Fergal”
Something we agree on. I was just gutted by that.
@lizzie363
Hilarious that Immelt’s “retirement package” is worth up to
$212 million and that be banked close to $300m in comp during his time as CEO.
So $500m for an incompetent dude. Heckva job the GE board is doing!
“nwnj says:
January 16, 2018 at 10:05 am
It’s comical all of the countries who have ridiculed the president’s immigration position all have the immigration systems that he wants. No chain migration, no visa lottery, merit based migration. Even Canada who was taking a holier than thou position previously has gone quiet except to say they won’t be taking any Haitians or El Salvos. Bunch of hypocrites.”
Canada bills itself as open however the percentage breakdown for the last year I could easily find data looks like this:
“In 2010, Canada accepted 280,681 immigrants (permanent and temporary) of which 186,913 (67%) were Economic immigrants; 60,220 (22%) were Family class; 24,696 (9%) were Refugees; and 8,845 (2%) were Other.[18] Some 60,000 come to Canada each year under the International Experience Canada initiative, which provides Working Holiday, internship, and study visas.”
So in 2010, 2/3 of immigrants were let in to fill skilled jobs in short supply, up from 49% in 2006. And last year, the Canadians considered raising the number in order to “attract top talent to Canadian companies.”
This is confirmed by a liberal Toronto professor who trashed Trump by pointing out that the education and skill level of immigrants from sh1thole countries is higher than that of the canadian populace. Ironically, I think she actually made his point for him.
https://www.thestar.com/opinion/contributors/2018/01/15/data-on-canadian-immigrants-from-s–hole-countries-might-surprise-trump.html
So the Canadians apparently take plenty from sh1thole countries, but they only take the highly skilled and educated.
Wasn’t Immelt the favorite CEO of the previous administration?
Mulva was hot.
@BillKristol
The United States is “a refuge for all those people in the world who yearn to breathe freely…the boat people of Southeast Asia, of Cuba and Haiti, the victims of drought and famine in Africa….”
–Ronald Reagan, accepting the Republican nomination for president, July 17, 1980.
“Something we agree on. I was just gutted by that.”
She’ll probably come back as a Zombie.
re: Immigration
Here is a quote from Little Marco Rubio.
“a million people a year come into the U.S. legally” and that “no other country even comes close to that figure.”
My question which continually goes unanswered is what is the correct # of immigrants a year that we should be absorbing annually?
Would that be welfare, medicaid, or disability?
“It wouldn’t be right to remove people currently in the system.”
SNAP ?
Another quote from the NY Times on the immigration debate.
“mass migration discourages assimilation”
“new immigrants who find a large and welcoming community of their countrymen have less need to acquire those skills; they already have a large audience that values whatever they brought with them.”
Skills being proficiency in reading and writing in the English for example.
“Many look back at the melting pot in 20th-century America and assume that history will repeat itself. That’s probably wishful thinking. That melting pot operated in a particular economic, social and political context, and it is doubtful that those conditions can be reproduced today.”
So “Give me your tired, your poor, your huddled masses yearning to breathe free” does not work anymore?
Your tax dollars at work:
http://insider.foxnews.com/2018/01/15/new-jersey-governor-phil-murphy-establish-agency-defensive-protection-illegal-immigrants
About State of NJ, Murphy, and change. – There is only (1) true path to deal with all the taxation, benefits and growth issues. If is truly to be address- watch for fast and painful moves pushing toward hard consolidation at all levels – aka- Camden City Police style.
About immigration – I believe sending the Salvadoreans and others back will be a good thing for those countries. A big unspoken truth is that those places are like that because their population has not been exposed to a rule of law and responsive government. When they go back, they will demand it, they will fight for it. It will take time, but is the best thing ever. Only once you have been outside the bowl and are looking in, you can see how bad things were and need to change.
By the way, Chile does not like the pope too much. The catholic church in Chile, like Argentina did a lot to aid and abet the military dictatorship. In both countries there were large pedophilic rings using the orphanages kids whose parents were killed by the dictatorship. The kids, now adults, remember and won’t forget.
https://www.northjersey.com/story/news/transportation/2018/01/15/former-nj-transit-workers-get-brightline-train-moving-florida/1032922001/
Brightline, the country’s first privately operated passenger train in decades, made its debut over the weekend between Fort Lauderdale and West Palm Beach, Florida.
The chief mechanical officer who will keep those trains running came to Brightline from NJ Transit.
Tom Rutkowski is one of at least five NJ Transit employees who went to work for Brightline, and one of 93 senior managers who left the agency’s rail operation from 2014 to 2016, according to a document submitted to the Federal Railroad Administration.
Brightline is expected to begin service to Miami later this year, and to Orlando by 2020.
The sleek, diesel-powered trains, built by Siemens, offer leather seats, wireless Internet, bike racks and food and beverage service. Brightline will eventually operate 16 daily round-trips at speeds of up to 110 mph.
According to Rutkowski’s bio on the Brightline website, he joined the railroad in 2014 after 17 years at NJ Transit. Most recently, he was general superintendent of equipment, managing the agency’s 87-acre Meadowlands Maintenance Complex in Kearny.
NJ Transit Brain drain. I wonder if they still get benefits and a pension from NJTransit.
PS. Anybody saw the article on Business Insider. Last one is key. To those raving righties and Clinton lovers, realize you have being played by chinese intelligence for years.
US intelligence last year warned Jared Kushner, the senior adviser to President Donald Trump, that his close friend Wendi Deng Murdoch could be a Chinese spy, The Wall Street Journal reported Monday.
The US regularly briefs new administrations on possible foreign agents they associate with, and China’s business interactions with the US are often examined as possible national security threats.
Michael Wolff, the author of an explosive but questionable tell-all on the Trump administration, said Murdoch had been rumored to be a spy for years.
My dad was so concerned about assimilation, he took speech classes to help him lose his eastern european accent. We’re not talking about basic language proficiency being sufficient, it was important to him to really belong. That’s the environment I grew up under. It wasn’t about forgetting your heritage, it was about accepting that you were now part of a new culture.
Suspect it’s why I view insular communities with so much disdain, embracing the culture was a point of pride. The opportunity to migrate to the United States was an incredible gift, we belonged.
Grim, it was important for your dad, because he knew the world he came from was lacking something. In vulgar terms, lets call it a “sh!th8le”.
Which makes my point regarding the people that are sent back, and how they will change their “sh!th8le” countries into other than that, now that they have no choice than to stay and fight for change.
In a totally, unrelated matter that I was reading about (societal loneliness), I came upon the following from the De Tocqueville that has relevance to immigration vis a vis social links, and personal views of what is required in a democracy so it can work, that again, countries that are “sh!th9le” are missing.
-The present increase of loneliness in American culture was predicted by the 19th-century social scientist Alexis de Tocqueville in his magisterial work, Democracy in America. Comparing some of the fundamental differences characterizing the social conditions of aristocratic and democratic societies, Tocqueville zoned in on what is perhaps the most illuminating distinction:
Aristocracy links everybody, from peasant to king, in one long chain. Democracy breaks the chain…. Each man is thereby thrown back on himself alone, and there is a danger that he may be shut up in the solitude of his own heart.
According to Tocqueville’s observation, the shift from aristocratic to democratic conditions is not merely a change of political forms. Democracy produces a set of psychological and even imaginative changes that cause democratic citizens to see themselves in a new way. The novel manner thus described is one in which citizens gradually come to view themselves as separated and cut off. The displacement from nature, family, place, and intergenerational bonds that once held citizens together is what gives rise to a democratic society.
M – Marijuana
U – Use
R – Regularly
P – Probably
H – Helps
Y – You
Murphy is confused. He thinks he was elected President (from comments in immigration article posted).
These aren’t refugees they are economic opportunists.
And the way this Phil Murphy “next California” admin is shaping up it’s going to be an absolute debacle. Every single thing he’s done so far without exception has been a pander to special interest.
Who appointed him German Ambassador? I’m guessing Obama. That would explain everything.
The problem here is that Murphy thinks he is De Blasio, but New York City has so much economic activity that the mayor can actually get away with doing nothing but quality of life sh1t as the transit system falls apart.
“Murphy is confused. He thinks he was elected President (from comments in immigration article posted).”
Common liberal malady. Too much West Wing and Madame Secretary. And breast feeding until age 6.
Watch the video of this robbery in Hamilton NJ “oh well…mine is real!”
http://nj1015.com/good-guy-with-a-gun-stops-7-eleven-robbery-but-is-this-nj/
I’ve been to that one. Area keep getting worse.
My parents were immigrants. My Dad was drafted nine months after he got here(Korean War). He had two choices go or go home and try to come back after the war. If you refused to serve and tried to come back it was almost impossible. He were raised with the music and culture but we were always American as well. And whatever the American kids had we had as well. They loved America and expected nothing in return . America gave them an opportunity which is all they wanted. We still keep the music and the dance as it is part of our identity. We don’t force it on anyone or expect special treatment. And education was key for my parents for their children.
Every single thing he’s done so far without exception has been a pander to special interest.
Certainly seems like his mission.
Another thing about illegal immigrants.
“There are less than 900 individuals currently serving in the military, or have signed contracts to serve, who are recipients of Deferred Action for Childhood Arrival (DACA) authorization”
So few want that path to citizenship? The DACA recipients can still enlist in military to expedite citizenship in the MAVNI program. Over 100,000 service members have become naturalized citizens since 2002 using this program.
One-third of DACA recipients were still under 18 in 2013. So that number now has to be much less.
CC was going to be really good, but after about 18 months in office, someone whispered in his ear that he was going to be a national star in the Republican party.
Essentially, we had a governor that was making good progress driving 75 mph open road down the NJ Turnpike and he switched off the ignition with the car in gear…….fcuk him….a$$hole….
Libturd says:
January 16, 2018 at 9:51 am
The truth is, CC was the first governor in NJ to even try to right the ship. Look how well he did.
Re Wendi Deng, 11:55
Keep in mind Wendi has been sucking c0ck to win money and power since roughly 16, and Chinese society expects people to use their connections to promote the same ends. A much more significant question is how much more influence Wendi Deng exerted as the woman behind the throne at News Corp, media around the world. At the same time, movies and media have been begging for better access to the Chinese market. Rupert Murdoch was once critical of the Chinese commie party when their market was small, but he and his people much more friendly now that they fear being left out of the market. Wendi Deng’s c0cksucking probably only pays a minor role in the lobbying. The latest joke is that after all climbing mount Murdoch and mount Blair, the only major men left for her to mount are Trump and Putin.
Good read. Basically talks about how corporatism and capitalism are destroying radical scientific research. Good and bad in everything, even with “profit” driven system.
https://thebaffler.com/salvos/of-flying-cars-and-the-declining-rate-of-profit
No new social theory has been created in the USA in the past 30 years, and the focus on profit is to blame. Can’t conduct research if it doesn’t make money, here in lies the problem. Who is actually going to take risks with research when profit is the objective?
No new
social theorybook learnin’ has been created inthe USAmy head in the past 30 yearsI’ve figured it out and because all of my regular commuting and travel to/from Mass. avoids NJ toll roads, the only money I send to Trenton is in the form of gas taxes and NJ’s share of tolls on the Commodore Barry Bridge (which is actually paid to PA).
Even if they end the interstate tax compact, I can avoid NJ taxes.
Now if we can only do something about the Wolf at our door.
“chicagofinance says:
January 16, 2018 at 2:26 pm
CC was going to be really good, but after about 18 months in office, someone whispered in his ear that he was going to be a national star in the Republican party.
Essentially, we had a governor that was making good progress driving 75 mph open road down the NJ Turnpike and he switched off the ignition with the car in gear”
NJ is like the USA: Ungovernable.
Shitcoins taking a beating today. Did any coin traders jump out of the Dorm Room Window yet because they now have to go to class?
https://coinranking.com/
The only social theory I want is the want that gets me to Wall-E world.
https://youtu.be/h1BQPV-iCkU
One hundred fifty plus Sam’s Club s closing. Many without any employee notice.
This bears repeating. And while there aren’t that many fiscally prudent states, you don’t live in one of them.
http://www.nytimes.com/2010/12/05/us/politics/05states.html?src=me&ref=homepage
3b,
I can only post two links at a time.
http://www.vec.virginia.gov/warn-notice-detail/8753?utm_source=feedburner&utm_medium=email&utm_campaign=Feed%3A+VirginiaWarnNotices+%28Virginia+Warn+Notices%29
https://www.in.gov/dwd/files/Sam%27s%20Club%20located%20in%20Indianapolis%20-%20W.%2086th%20Street%20Store.pdf
3b
https://www.ctdol.state.ct.us/progsupt/bussrvce/warnreports/warn2018.htm
https://patch.com/michigan/farmington-mi/sams-club-close-farmington-hills-location
Com I am surprised. I thought they were doing well.
https://www.labor.ny.gov/app/warn/
What I am seeing is that a lot of state databases aren’t updated yet. That doesn’t mean WARN notices weren’t filed. And I find it hard to believe that they would blow those off.
So there was warning. There was notice. No one pays attention.
3b,
I am betting that Costco is eating their lunch when it comes to clubs and you cannot battle both Amazon and Costco. Also, they aren’t fully out and a lot of centers were unprofitable.
Their customers moved onto the dollar stores, not Amazon.
The approach to closure of the Sam’s club locations was incredibly curious. Seems largely haphazard, rushed, unorganized. Less a cold calculated machination, more a half-ass management bungle. Not at all indicative of top operator. I’m hearing they dropped the ball on a number of warn notices around the US. That’s just stupid right there.
@AndySwan
306 electoral
Dow 25k
4% growth
1% ISIS
$1000 bonuses
$11 voluntary min wages
4.1% unemployment
…..
30/30 cognitive test
100% TRIGGERED SOCI@LISTS
Knut Wicksell was a recent find for me, but not for Public Choice, rather this:
http://research.gavekal.com/article/four-quadrants-wicksellian-analysis
Interesting No One. I preferred to focus my learning on Micro instead of Macro economics. I see that Public Choice generally falls into this area. I just read the entire Wiki entry you referenced and I would agree, that’s where I am coming from. Mix in a decent dose of the study of marketing and you will understand why I am so skeptical of government. Keep in mind, the masses are asses. People who are too dumb or ashamed to use coupons at the supermarket or at a restaurant would never think that an Obama was no less in it for himself than a Trump would be.
Get ready for MS-13 on the NJ side of the Hudson.
Your tax dollars at work:
http://insider.foxnews.com/2018/01/15/new-jersey-governor-phil-murphy-establish-agency-defensive-protection-illegal-immigrants
You know, NJ already has plenty of folks in poverty that perhaps we might consider helping first.
Grim/ Com It does seem like a spur of the moment decision.
Bitcoin suckerzzzzz
Most of those databases lag by about 2 years.
“We are devastated on the passing of our friend Dolores”
At that age where the bands of my youth are moving on.
Fab 46 is a very very early age to move on.
80% of the people in NJ either didn’t vote for Phil Murphy, or didn’t vote at all.
We deserve him.
Switzerland bans boiling lobsters alive. They didn’t say anything about steaming or grilling.
grim – They’ve already been successfully indoctrinated to always vote Democrat. There’s no need to tend that garden.
You know, NJ already has plenty of folks in poverty that perhaps we might consider helping first.
Did you ever see how they do snapping turtles? They get them to bite onto a pair of channel locks, close the channel locks on it’s snout, pull, cut the head off…then comes the good part. They put an air compressor hose down the neck and inflate it to separate the skin from the muscle. Then clean, heat, and eat.
Switzerland bans boiling lobsters alive. They didn’t say anything about steaming or grilling.
It actually looks pretty tasty to me after it’s breaded and fried.
http://www.travelchannel.com/videos/how-to-prepare-snapping-turtle-0179884