From the WSJ:
New Jersey Landlords Can’t Keep Up With Demand For Industrial Space
Industrial space in New Jersey is so hot that lease deals are drying up.
Across the state, which has become a major logistics hub for online retailers and other industrial tenants, 5.3 million square feet of leases were signed in the first quarter, about 27% less than the average from 2015 to 2017, according to a new report from real estate services firm JLL.
The main culprit: a lack of space.
That is reflected in asking rents, which jumped 11.7% from the same quarter a year earlier to $7.14 a square foot.
“There is an extraordinary under supply of quality space, and when you have an undersupply, you have a reduction in leasing activity,” said Robert Kossar, head of the Northeast industrial region for JLL. He added, “There has been no downturn of demand at all, and if anything, there has been an uptick.”
Available space in New Jersey is constrained across the board, but is even more acute for tenants on the hunt for big-box lease deals of 500,000 square feet or more, Mr. Kossar said. In the last two quarters of 2017, big-box leasing accounted for more than 30% of the total amount of space leased. But in the first three months of the year, no leases larger than 500,000 square feet were signed.
Of the four buildings existing or under construction that had over 500,000 square feet available at the end of the first quarter, only one was in the state’s primary corridor along the New Jersey Turnpike, said Iggy Armenia, JLL vice president of research and analytics.
At the same time, demand has been increasing. The state’s market has about 15 million square feet of space that can accommodate tenants requiring blocks of space larger than 100,000 square feet. But there is about 35 million square feet now sought by tenants, Mr. Armenia noted.
Almost 11 million square feet of warehouse space was under construction in the first quarter, compared with 9.2 million square feet of space in the pipeline in the first quarter of 2017. Nine speculative projects of 3.5 million square feet expected to break ground in the second quarter.
But despite increased construction, few land sites exist for development, and the space under construction is often leased before the building is completed, Mr. Kossar said. So expect asking rents for this new space to be at “high-water mark levels,” the report said.
Someones jumping from a moving train!
https://twitter.com/TeamCavuto/status/992147250934702080
Is that $7.14 a square foot the lease rate for the month or year?
Yearly, but keep in mind that the number is generally reported as triple net (not including taxes, maintenance, or insurance).
NJ’s largest warehouse owner reported its NJ/NY portfolio was 99.9% occupied at end of 2017. That is across 32 million square feet. That level of occupancy for a large portfolio is unprecedented. Pricing power is the result.
Didn’t help that for the past 25 years, NJ was hellbent on dismantling industrial capacity at any cost.
Replacement of industrial with residential and commercial was looked at as “improvement”.
Grim,
Thanks.
https://thepointsguy.com/2018/01/united-club-card-waived-annual-fee/
Where is pump.
Vanquished
public sector unions…between the Okeefe videos and $150mil/year in raises in NJ…ooof
https://twitter.com/RichardGrenell/status/992176927342514176
@RichardGrenell
Follow Follow @RichardGrenell
More Richard Grenell Retweeted Mark Knoller
I used my great, great Grandpa Grenell’s Bible for this moment. Myron Winfield Grenell purchased this Bible in 1892.
Check who administered the oath of office ^^^^^
While next to Grenell’s Husband^^^^
Most commercial real estate labeled industrial is used for warehousing and logistics, not manufacturing. NJ is a great place for – near biggest east coast port, massive and dense population, and deep pool of workers.
NJ Turnpike corridor is gaining share from Pennsylvania due to location and labor force, even tough N.J. rents are 50% to 100% higher.
I had a recent conversation about social!sm and capitalism with director Yale Strom following the release of his new documentary about Eugene Debbs.
“Here’s the craziness of capitalism: The more successful the employers are in lowering the wages or automating jobs, the more problems the public will have in buying the crap they’re producing. They are shooting themselves in the foot. This is an internally contradictory system.” – Prof Wolff
https://www.truthdig.com/articles/an-ode-to-eugene-victor-debs-and-the-end-of-capitalism/
No one,
You always talk about your love for logic and capitalism. Too bad logic really doesn’t apply to the capitalistic model. Every time you offshore a job, you just cut off the head of your customer. Every time you lower the price of labor, you steal the buying power of your customer. Balance is everything in a good economy. Right now, balance is too far in favor of business profit at the expense of worker.
A 2% raise is not even a raise. Conservatives are such haters, it’s not even funny.
Okeefe is a loser. Really needs to get a life.
D-FENS says:
May 4, 2018 at 8:46 am
public sector unions…between the Okeefe videos and $150mil/year in raises in NJ…ooof
I seriously can’t believe republicans in office claimed that Murphy was giving away the house with a 2% raise. Talk about ideological based propaganda. Just appealing to what their dumb conservative base wants to hear.
Sure, but where is he cutting the $150 million from in the budget to afford it?
By the way, he had no idea about the cost, and if he knew, I’m not so sure he would have signed it.
$150 million, A YEAR, is a big number. It’s essentially all the marijuana revenue, which was previously earmarked for half a dozen other initiatives (that it wouldn’t cover).
Jobs +164k
UE 3.9%
Pumpkin and friends,
Too bad logic doesn’t apply to you, moron. You are uneducable, and nobody else is interested in witnessing further failed attempts at enlightening you. So go ahead an watch movies about old s0c1al1sts and Marxists. It’s the natural idealogy for envious losers like you, because you will forever have an excuse for your failures.
He’s a boob. Reminds me of Montclair’s Mayor Fried. A progressive so through and through that costs didn’t even matter. Once utopia is obtained, we can pay it all back. Conflicts of interest didn’t apply to him either. He would claim he was making decisions as a resident and not as the mayor. What a complete moron.
Murphy, as ambassador to Germany, makes fun of Merckel. Then, during the campaign, he has a blowup of CC on the beach and poses in front of it for selfies with major contributors. Then as governor, all he has done so far is sign toothless bills and spend, spend, spend without figuring out how he is going to pay for any of it. Oh yeah, he also played that actuary stunt with the pensions to avoid making full payment after promising during his campaign that he would make it whole.
I warned you all. This is only the beginning of what will be such a huge embarrassment for the blue team that NJ will probably elect a much more conservative Republican than they have ever before. Keep in mind, CC and CTW were both very, very, moderate. After the performance of Governor Boob, I would expect a Steve Lonegan type to get the job.
“$150 million, A YEAR, is a big number. It’s essentially all the marijuana revenue, which was previously earmarked for half a dozen other initiatives (that it wouldn’t cover).”
What I found interesting was an otherwise left leaning publication noted at the end of their coverage that the 150 equals the same amount of homestead and elderly property tax rebates that it seems were recently discontinued.
Good point grim. Unlike the Feds the States have to run a balanced budget. 150 more to one constituent, 150 less for another.
Unless they want to assume a 10% pension return lol.
Did I mention, he bought his way to Trenton so does not have many friends in the assembly. He’s done!
“So go ahead an watch movies about old s0c1al1sts and Marxists.”
Do you see the irony here, with your Ayn Rand retreads.
“Check who administered the oath of office ^^^^^”
Yeah, that must have felt good for Pence lol.
I’m nostalgic. I miss creepy Uncle Joe (Biden). Trying to lip kiss all the wives and wrapping his arm around the 14 year old daughters a bit too tightly while nuzzling their hair…..he must really miss January and the turnover of the House.
Too bad, if the forecast Democrat run on the House materializes he’s missing a bumper crop of liberal Members’ daughters to fondle…..
I drove through midlothian over the weekend and saw a Toys R Us warehouse a few hundred yards off the highway. I wonder how many people used to work there and how long before new tenants take over.
The state workers are human beings. It’s wromg to not give them a raise for 3 years, and then complain about giving a 2% raise. These people make almost nothing. What do they make…..50,000? Why does it always have to be on the backs of workers? I don’t get it. Why so much hate for workers? Conservatives flip out when society wants to provide a minimum wage for our lowest paid workers…..can’t have that, they should make 2 dollars an hour so the business can survive on easy profit off the backs of workers. Sick mindset that lacks empathy.
Just read that an nfl water boy makes 53,000 a year. If that was a union govt job, conservatives would flip. 50,000 is nothing. How many teachers making the equivalent of an nfl waterboy and conservatives give them crap about it. Talk about morons.
Idiot, many of them are certified athletic trainers with degrees.
Lol
NFL Waterboy
Average Salary: $53,000
Job Description: Pouring water into sweaty dudes’ mouths and holding their gross towels. OK, that doesn’t sound too enticing. But are you going to be mad when Drew Brees motions you over to quench his thirst? We didn’t think so. You get tons of free gear, and, if you’re stealthy enough, you might even be able to steal Tom Brady’s jockstrap…er…jersey. Yeah, take the jersey. Did we mention you make $53,000 to shoot water in people’s faces?!
Just read that an nfl water boy makes 53,000 a year. If that was a union govt job, conservatives would flip.
There is a big difference between a public job and a private job that works within the free markets. Talk about Libtard Snowflake pumpkins.
Pumpkin,
How much did you get paid as a fluffer?
You should flip given that taxpayers built their stadiums.
I wonder if those 2% raises are in lieu of the steps or on top of them? I’m most certain it’s the latter. Just for the heck of it, I looked up what an entry level accountant starts at in the CWA? Anyone want to guess? Librarian? Same thing. 68K. Pretty much anything with a college degree starts right around the 70s. Management? IT manager 90K (to start), HR manager 80K. Sure there are guys who mow the grass and maintain buildings. They make 40-60K for the uneducated selves. It’s a pretty good gig when you consider the benefits. The company I work for pays much, much, less.
Good point leftwing, Murphy Cut Property Tax Rebates by $150 to pay for union raises, which seems to show two things…
1) he cut from one place and then funded another, he didn’t increase net spending at all
2) he sort of knew how much it would cost
” he cut from one place and then funded another, he didn’t increase net spending at all”
By taking away rebates, he increased the taxes on every single person eligible for the rebate. That was an easy one. Let me know when he makes his pension payments. 300 billion hole, 37 billion revenue per year (or is that 36.85 now?)
Why don’t he public unions in NJ strike? Try to answer this question.
I need to repave my driveway. Pavers on the apron?
Anyone have an opinion or experience with this?
Thanks in advance NJREREPORTers!
Yea, all part of the same economic system, but I don’t expect you to understand it. So many take the simple approach, which causes them to not understand. So they take tax money and treat it as if it is different from all capital in the system.
The Great Pumpkin Hypocrite says:
May 4, 2018 at 11:44 am
Just read that an nfl water boy makes 53,000 a year. If that was a union govt job, conservatives would flip.
There is a big difference between a public job and a private job that works within the free markets. Talk about Libtard Snowflake pumpkins.
Messing with the rebate seems like the thing to do to to “magically” find money in your first years in office.
Christie cut about $660 million in Homestead rebates. The average net property tax bill went up by about 20 percent between 2009 and 2011.
What exactly is wrong with these salaries? I don’t get it? If someone works for the govt, people like you think they should do society a gift and work for almost free.
If govt jobs are so great, why are you not applying? No risk involved, it’s so great, right?
Libturd questioning the gender of Hillary’s Cankle fluid. says:
May 4, 2018 at 11:51 am
I wonder if those 2% raises are in lieu of the steps or on top of them? I’m most certain it’s the latter. Just for the heck of it, I looked up what an entry level accountant starts at in the CWA? Anyone want to guess? Librarian? Same thing. 68K. Pretty much anything with a college degree starts right around the 70s. Management? IT manager 90K (to start), HR manager 80K. Sure there are guys who mow the grass and maintain buildings. They make 40-60K for the uneducated selves. It’s a pretty good gig when you consider the benefits. The company I work for pays much, much, less.
Homestead rebates were paid by Corzine by selling bonds. Not exactly fiscally responsible. He was trying to buy votes.
It was a good move by Christie to stop mailing those rebate checks right before the elections.
“If govt jobs are so great, why are you not applying? No risk involved, it’s so great, right?”
We tried. Have to know the right people. Gator was constantly told she was overqualified. She tried to get lots of jobs in the courts at the county level. You have to know someone. Same with getting low income housing. It helps to be related to someone on the panel that decides who gets it. Most government jobs are filled with people too stupid to make it in the private sector. Teachers, cops and firemen aside who either love to work with children or have a death wish mentality in the latter options.
Christie sucks. Also Corzine and Murphy sucks.
AJ says:
May 4, 2018 at 12:20 pm
It was a good move by Christie to stop mailing those rebate checks right before the elections
Heck…Homestead rebates have been a corrupt NJ tradition to buy votes since as far back as I can remember. The check would come in usually late September or early October, right before elections. At one time, nearly everyone got them. Eventually, just the seniors and the disabled since living on a fixed income without COLA increases (like the serpents got in their pensions) is incredibly difficult. Now the money is going to the serpents only. This is the future of NJ. It’s like Greece. Everyone works for the government (nobody works). Better to have them getting paid to sit in buildings and do nothing than to jail them and pay for them to do nothing, right Pumps?
Libturd, bingo on the knowing someone…it isn’t easy to get a government job.
the 2% goes to everyone as COLA increases.
2% was given on top of the retroactive step increases, but not to everyone.
Many CWA are at the top of their steps and aren’t eligible for step increases.
Libturd questioning the gender of Hillary’s Cankle fluid. says:
May 4, 2018 at 11:51 am
I wonder if those 2% raises are in lieu of the steps or on top of them?
In the past decade, I’ve been given 2% on average, every 2 years, to split among my team. Some deserved a lot more and got 4% and some were doing the bare minimum so they got 0%. But that’s an average of about 1% a year and there are no automatic steps. Like I constantly reiterate, if you don’t have the chops to join management, the private sector is not a great place to work. Not sure why everyone in the public sector thinks everyone is paid like an executive?
libturd people don’t get it, management constantly demands more, more revenue, more productivity with fewer resources. That is the difference in the private sector, in government if you deliver exactly the same work year after year and it’s acceptable, in the private sector you need to deliver more to even maintain the same compensation and keep your job. Even then people who consistently do more may not get a raise and may in fact be replaced by cheaper workers domestically or abroad.
Though, my beef is not government workers getting 2% raises. It’s the corruption in the government and complete lack of caring for the taxpayer. There is no work ethic and no one cares. They will eventually. The money has got to come from somewhere.
2% is the highest CWA COLA i’ve seen in a long time.
Under Christie, most years COLA increases were either 0% or under 1%.
JCer. Exactly what we are going through. Many of my guys worked 70 hours the last two weeks. Some are on salary and will get nothing for it besides job preservation. Maybe one day, become a manager and get an increase equal to what that CWA worker received who got promoted to a better position for simply not leaving.
COLA should be illegal. Isn’t that what the steps are for?
Why is the market going up? Did Trump lose his Twitter password?
Looks like the rental market is still super hot in Montclair. Raised rent $200 on upper unit and offers pouring in. No one wants to buy? Hmmmmmm. Mobility? Hmmmmmmm. Don’t worry. Everything is rosy. I probably shouldn’t have tried selling in the first place. It’s just too damn profitable (and annoying).
This whole economy smells. I have looked for jobs three times in 20 years. In 1999, I was at my first post college job for three years and decided to submit resumes. I had two offers for 30% pay increase in two weeks. In 2005, I decided to change within mortgage industry and had 20% offer in a month. Even in 2012, I had offer for much more money after three months of looking. I started my fourth search a month ago and there is almost 0 conversations happening on getting my current pay, let alone a bump. I am fairly compensated for 20 years experience but not killing it. If jobless rate is lowest since dot.com mania then why are all “economists” stumped on non existence of wage growth. Something is just wrong and all we hear is how better economy is getting. After trillions spent over a decade and now orange clown face providing another trillion in tax cuts..and this is what we got. Lib should be crying about turnover right now instead of pointing out the screw job at his cimpany.
Public workers should be paid in pancake batter cans.
Lots of low paying jobs out there, would be my guess. Gator took a sizeable cut to rejoin the workforce. The more I look around, the dumber the average person is too. Plumbing and electric. Plumbing and electric. That’s where the easy money is made.
Pumps destroyed again by knowledge and facts not his BS fake caring for state workers. And yet we are to believe he is some kind of big bucks financial analyst something or other!
“Why don’t the public unions in NJ strike? Try to answer this question.”
Because if they do, they get thrown in jail. It’s illegal for public school teachers to strike, and I think it’s also illegal for most if not all other public employees in NJ to strike too.
https://www.nytimes.com/2001/12/04/nyregion/new-jersey-teachers-jailed-for-continuing-to-strike.html
How much money is it worth for NJ union members to give up one of the most basic rights of a union?
Lib,
Exactly right. Companies might be hiring but only if they can hire for less. I can’t tell you the amount of times I’ve heard a recruiter say that they won’t pay more than “X” even though skills and experience level are a fit. That is not how 3.9% unemployment should work. Basically we won’t hire if it increases our bottom line..but then we complain of worker shortages.
Maybe all you folks complaining about flat wages should unionize?
Disclosure: I’ve never been a union member.
From October: (confirming what we already know)
https://www.lifezette.com/polizette/data-suggest-businesses-get-foreign-guest-workers-cheaper/
New Numbers Show U.S. Companies Abusing Guest-Worker Program
In eight of 10 occupations with the most H-2B laborers from other countries, wages were lower for the foreigners
Headlines on wage inflation for our chief theoretical economist, Blumpkin. He also reads palms. Call me today, mon for your tarot reading.
Lack of wage acceleration is main surprise in jobs report, economists say
-Marketwatch
Tax Cuts Still Don’t Seem to Be Helping Workers
-Bloomberg
Applies to 115 colleges. Absolutely asinine and insane! This is what contributes to the mania.
https://www.nytimes.com/2018/05/03/us/teenager-college-acceptance-scholarships.html
Bot,
It was illegal in Arizona too. But they did it.
So answer my question. Why don’t teachers strike in NJ?
Joyce, this is why wages are stagnant. You can be replaced, my company literally lets qualified people go only to go begging to immigration for a visa literally weeks later to replace the people because they cannot find qualified people. It’s a sham, they don’t want to pay for qualified people, nothing else.
Today, someone can fill out one application(common app) and just check off the colleges they want to apply to. If colleges don’t charge an application fee, why not check all the boxes?
Topper says:
May 4, 2018 at 1:58 pm
Applies to 115 colleges. Absolutely asinine and insane! This is what contributes to the mania.
Lib,
Thanks for the credit card tips. Discover it, Cashback Match has no FTF and no annual fee plus it has the 5% rebate thing going on quarterly; grocery, gas.. Now I need to figure out how bad they will cheat me on the exchange rate conversion because free is never free.
Bystander, I wouldn’t put a lot of stock in the various economic data as the indexes have been tweaked over the years. Read a BLS report so you understand what the numbers really mean. You know labor force participation rate is still low but there are so many that have given up looking that they are no longer counted so the supply of labor still outstrips demand and for most, pay is not going up. More and more are going to slip from middle to lower class which is sad. Sadder yet, many don’t even realize it and are living a life they cannot afford but are oblivious to it. Once they get canned in their late 40s or early 50s, reality will hit very very hard. While the slowdown will start later this year, it will hit much harder next. Wants and needs are not the same, best to know the difference.
Joyce,
On similar note, NJ companies sue U.S. Citizenship and Immigration Services to stop new H1B disclosures.
“In order to restore the integrity of the program, the immigration agency said in the February memo, subcontracting companies will have to outline specific work requirements for the H-1B holder, prove that the visa holder will be performing a specialty occupation and show that the employee will have the same contract for the duration of the H-1B visa.
The plaintiffs in the suit, which include New Jersey tech staffing firms NAM Info and Derex Technologies as well as a trade organization called the Small and Medium Enterprise Consortium, say the requirements laid out in the memo are impossible to comply with, and have already led to denials of extensions to H-1B visas”
The power of public worker unions is their votes and their lobbying power. They can vote themselves a raise if a politician promises them one. Fiscal responsibility be damned.
They went so far as to vote for politicians that pass laws to force non members to pay dues.
Bystander says:
May 4, 2018 at 1:21 pm
This whole economy smells.
A big one is part time work + technology. For the standard labor/working class that is not protected by a tough contract or some sort of licensure/certification there are no full time jobs – all are per diems.
The technology is Dynamic Staffing software. Is a version of System Status Management that is used for ambulance/police/fire dispatching and staff scheduling.
I’m very familiar with this because – 20+ yrs ago. The reverse of how it is now is how I used to worked in the medical field. I preferred the multiple per diem hospitals – it as there were plenty of jobs and no license people like me around and I could make a killing working as many hours/days in a row and negotiating extra pay for premium can’t find anyone spots, and then blocking out periods of time-off for trips,etc. Paid my own health insurance and IRAs.
I could foresee the end in the 2000’s with the massive wave of immigrants, a lot going to school and the hospital consolidations and found my “safe space”.
But even public jobs have transformed. A perfect example is Bryan Stack in Union City, who has a big political machine. Those “got to know someone” politcal jobs 20+ yrs ago were civil service with benefits. Stack has a very large contingent of “at will/on call -as needed /per diem” hourly workers with no benefits from Public Works to Ambulance in the town. This has spread statewide within the public employment area. So a lot of the public employees that all of you b*tch about are already doing no better than a WalMart/Target employee.
There are some unusual jobs on the internet:
https://www.indeed.com/viewjob?jk=44157b8f3530b218&q=fluffer&tk=1ccm972re1bt302r&from=ifa&utm_source=publisher&utm_medium=cpc&utm_campaign=ifa_catch_all&pub=93a30c337a0a48288edac5ceb2542c340cace3277f6b99df
“Customer Support/Call Center Zombie” – Grim did you write this ad?
Pay scale for fluffers – $20 to $22 per hour
https://www.glassdoor.com/Hourly-Pay/Vivid-Entertainment-Fluffer-Hourly-Pay-E325353_D_KO20,27.htm
Nomad,
It is globalism. Companies constantly setting bar higher for skillsets and lower for wages as they outsource at will and get H1B for onshore roles. The “superstar” economy so to not live in a hovel or you better have a well paid spouse. I am 45 so it is tough time career wise. I live very much within my means but it is not money right now. It is not going backwards as you said.
There is wage inflation occurring, but it’s dependent on said industry. I feel bad for you, I do. I understand wage inflation is not hitting the entire population, but that’s the trademark of our new economy….huge spoils going to a minority of the population while the majority suffer.
My calls have been spot on. Should wage inflation be stronger? Absolutely, but we all know how the labor market is being manipulated. Just bs form of capitalism, where the employers cheat in the game of markets to artificially hold down wages.
Bystander says:
May 4, 2018 at 1:54 pm
Headlines on wage inflation for our chief theoretical economist, Blumpkin. He also reads palms. Call me today, mon for your tarot reading.
Lack of wage acceleration is main surprise in jobs report, economists say
-Marketwatch
Tax Cuts Still Don’t Seem to Be Helping Workers
-Bloomberg
Had to start up the Central A/C last night because it was just too humid inside. I can’t believe I lived without this all of my adult life until last year.
^^^ I guess what I didn’t get was that even 74-75 degrees inside feels great once you Hoover out all of the humidity.
2:13 my guess is they are afraid of the optics. Yeah we make “X” and have a pension. You, generally think we are ineffectual with some notable exceptions… visa vis Blue Ribbon…(Pabst?) …. and yeah it’s illegal but we’re walking out …
Probably wanna stick with the long suffering, diligent professional who is committed to being present….
Narrative .
BTW California would cease to function without the illegal labor harvested…everything.
Sanctuary Cities are a cover for Hey! We Need these workers…..
AJ,
Common app or not – what’s the point of doing it a 115 times? Just changing the names on the common essays alone, etc. – the time, unnecessary stress, etc. is asinine. And, from what I understand, most have app fees and supplementary essays specific to the schools. The ones that entice apps with “special no fee” access are trying to rig the ratings. I took a look at the US News rankings …. Boy, it’s amazing – the safety of safety schools back in the days are now in the top schools category. Just looking at the public schools – Penn St., Ohio, Indiana, UCLA, etc. – are now top tier in this category. All the UCs are top tier – I suppose it’s simply that more students from CA apply to all the UC schools with the common app so naturally it bumps up the ranking. I remember the rankings when I looked at some of the top public schools when I was applying – it was Berkeley, Binghamton, UVa, and maybe UMich I think – back then. And, why people pay out-of-state money from NY/NJ to go to schools like UDel, UMd, and many others befuddles me. Even more befuddling are the ones that will forego solid in-state schools to got to schools like Syracuse, GW, George Mason, Ithaca, NYU, etc. – just to go “private”. These schools were also once the safety of the safetys.
Apologies to the alumni I may have dissed – no disrespect.
Ex Pat,
It feels good now. It’ll feel like the humidity came back when you get the electric bill.
Nomad,
Forget Discover. Few take it in Europe. It’s mainly V/MC with AMEX at reputable places (that can afford their asinine swipe fees. More research!
Essex,
Of course they are worried about optics. Or, they know the going is pretty darn good here in NJ thanks to our stupid setup in Trenton. Every public salary is public. Go look up some teachers and supers and cops and firemen in any other state. NJ is number one in salary and benefits. And when you look at workers with years in the system, fuddedabout it.
Don’t pander to me, blump. I run global replatforming projects within finance industry and my skillset outclasses yours by a mile. Your phony bump in pay is because you are vastly underpaid. You were compared against other Jr. analysts and company smoothed it over as you were on bottom rung. That is how it works in the real world. What would they pay you more for? Posting drivel all day on NJ RE blog?
Check the box “white” or “Asian” and I bet the acceptances fall in half.
But I think that kid was smart, she probably had enough time on her hands, and maximized her school/scholarship options by finding out which schools would pay her to attend.
The really dumb thing in my opinion is that after all that trouble, she’s going to attend a small school nearby that accepts 99% of its applicants, and is among the least diverse schools in the country, full of kids with weak grades and low SAT scores.
Seemed to waste a lot of other people’s time as well as her own.
lib discover is more excepted in Europe now as a result of their tie-up with china unionpay. Nobody knows what the h*ll it is you just hand it to them and have them insert it into the reader and often times it works. It is much the same as in the US, it is called discover because you get to “discover” who actually accepts it. Card acceptance is spotty at best in Europe, they don’t like to take them for small purchases and Amex and Discover are the worst overseas MaestroCard and visa are the top options. For some reason public transit and taxi cabs over there have the hardest time with credit cards.
Thanks JCer. I haven’t been since China started heating up. Remember seeing Maestro and figured it was MC.
My wife once managed a guy who sounds like Pumpy. Basically a glorified bookkeeper, he could do routine tasks for the finance department but that was about it. He couldn’t pass the CPA and now that he’s married he has no time. His interpersonal skills were weak enough to prevent consideration of becoming a manager. Without particular quantitative or management skills, he’s basically stuck in a job doing rote work under other people’s instruction, and he didn’t have the talent or drive to get a degree or certification. Yet his wife wants a bunch of kids and a nice house and she assumes that because he works in the “finance department” that he has some sort of career upside. My wife tried to help him but he’s already maxxed out in his mid-3os in terms of what he’ll ever be capable of doing, so he’ll be stuck in this job getting minimal pay raises until eventually getting fired when the company replaces their outdated and excessively manual accounting systems with modern systems that don’t need him any more. Hard to see how this glorified bookkeeper ever could finance the lifestyle his wife dreams of.
Market bounced because mueller just got smacked down. Bye bye witch hunt. They all will walk.
Also, when we went, we had a bank card that had no charges at intl ATMs. This was definitely the move as you got the best exchange rate and ended up with readily available pounds or Euros. I imagine that Ally or some other major online only bank offers that thing still.
Topper I have been saying that for years!! People pay out of state tuition to go to out of state schools in states where the same people say they have crappy primary education systems such as Delaware , Florida and RI. And yet the overwhelming majority of students in those schools are from the same so called crappy primary school systems!! Befuddled indeed!!!
No one,
I think that goes for job hunting. Almost all banks use taleo for career site. Part of me wants to say I am a female, Hispanic, disabled veteran then see what happens 😁
it is mastercard, same network
Pumps reminds me of JD Harmeyer of Stern Show fame.
Yup Ally. Fee is only up to 1% and often free. It all depends on whether bank you use is charging them. Fund an Ally checking account and bring the card. Withdraw what you need at any ATM. Done!
yep, use your bank card folks. I typically use either ally or capital one, the conversion is typically good, do everything in local currency, some atms will offer the conversion(give you local currency but charge in dollars) and the local bank is scr*wing you on the currency conversion.
I would think a dumber version of Beetlejuice, rest his soul.
No One,
That’s exactly what I thought. After all that, she ended going to a college I never heard of. Didn’t bother to look the school up.
3b,
Right … forgot about FL. Saw some schools from there also ranked high. Really?! From what my son tells, it looks like there are a good number of commits from his school to FL and SC. When did SC become an intellectual hotbed? It seems like there are the hot schools that kids apply to – changes every couple of years – previously it was UDel, UMd, UWisc; now it’s FL, LA, SC. Penn St is still big and OSU, UConn and IU seems to be mentioned alot. Go figure!
Topper URI was a big one too at one time too. As was James Madison. Makes absolutely no sense. And many times it’s the parents pushing the kids to go out of state for some bizarre bragging rights. And to boot their kids are footing the bill!
Lib, etc all thanks for the CC comments. Didn’t even think about acceptance of Discover, my bad. Withdraw comments for local currency informative, Amsterdam :)
Bystander, comments not intended to offend, apologies if they did. I know several inc myself whose road got bumpy, none it tech and it worked out ok but different for all of us. New reality. This stuff isn’t just impacting people in your field. Hang in.
I think that goes for job hunting. Almost all banks use taleo for career site. Part of me wants to say I am a female, Hispanic, disabled veteran then see what happens
Do it. It works. I made a fake profile to see if the chem job offers came in and it had significantly more hits in my voicemail.
re:”Pumps” – Been a while but I am going to have to step in here again and bring up a 1950’s phrase, “Takes a licking and keeps on ticking”. Pumps if anything is tough, you folks might even enjoy a drink with him. Also I believe we STILL are a sounding board not an echo chamber, so pull the pumpkin punches. ALL viewpoints should be welcome as long as they don’t PO Grim which has happened a few times, but his “blog” isn’t scurrilous or even worse Facebook or Twitter…now drink up ladies and lads and lets dance until the cows come home.
3b,
JMU … Yes! Another one I’ve heard quite a bit. Idiots … IMHO.
We can talk about this all night long.
BTW, I miss JJ – he and I have a lot in common (similar past experiences too.)
Not sure if this applies to the CC conversation today – I have the Chase reserve and it provides pretty decent perks. I’m pretty sure no FX fees, travel credits, etc. Unfortunately, the annual fee is $500 or $600 – but seems worth it at the end of the day.
In the CC game, it all depends on what you are after and how you value the rewards. I have no issue staying at a Comfort Inn and Suites when I vacation. Sometimes I prefer it. Some cards will get you a night or two at places that charge $1,000 a night. That’s how Gator and I honeymooned at the Princeville Resort in Kauai. Had we spent the same $3,000 on a different card, we could have probably stayed 20 nights at the Comfort Inn & Suites. It really depends on what you are looking for. The real key is to carry around about 10 different cards each which offer max points on particular purchases.
Currently, we carry the:
Amex Blue Cash 5% back at grocery, drugstores and gas
Costco Visa for 3% at restaurants
Discover for rotating categories and Discover rewards (great shopping portal for rebates)
Chase Freedom for rotating categories
Citi Double Cash MC 2% back on everything else
Barclays Ring Card – 0% interest on purchases for 20 months (for the furnace at the multi)
4:14 There’s just too much stupid in this comment to even respond .
I was wondering, how this whole $130K would be handled tax wise. Alas Eddie Ray is off the grid to explain.
Now we seem to have an extra $350K for “taxes and incidentals” in play, this is getting more and more intriguing!
https://www.publicintegrity.org/2018/05/03/21733/cohen-payment-stormy-daniels-trump-giuliani