From WNYC:
New Jersey Wants to Stake a Claim in the Innovation Economy
New Jersey Governor Phil Murphy rarely misses an opportunity to point out the Garden State once was a hub for innovation — where Thomas Edison invented the phonograph and the incandescent light-bulb, and the birthplace of the transistor that paved the way for modern computers.
“This is a state that was a Silicon Valley before there was a Silicon Valley,” Murphy told a crowd of entrepreneurs at Propelify, a tech festival on the Hoboken Pier in May.
But now, New Jersey lags behind. A 2017 study by consulting firm McKinsey found the state “has only 15 incubators and business accelerators, compared with 375 in California and 179 in New York.” The report also found there aren’t as many young companies in the state, in part because of burdensome regulations, a high cost of doing business and public policy that hasn’t been friendly to startups.
Propelify is in its third year, and it was the first time a New Jersey governor took the stage. Festival founder Aaron Price said the tech community finally has a friend in Trenton, after being largely ignored by the Christie administration.
“He wouldn’t engage with us,” Price, who also served Murphy’s technology and innovation transition team, said. “It’s frustrating when you see an opportunity and someone who may help move the needle, and you can’t get that person to be responsive.”
Price said he’d like New Jersey to take bold steps to catch up for lost time.
“I would love to see us be the most drone-friendly state in the country,” he said. “I think with all the warehousing space, we could do something to attract and incentivize e-commerce.”
…
But critics, like Sheila Reynertson of New Jersey Policy Perspective, say there hasn’t been much to show for it.“These subsidies programs have not delivered,” Reynertson said. “If they don’t there’s absolutely no penalty.”
Reynertson said that’s especially true for companies who were given tens of millions just to move a few miles within state. Like Panasonic, which got more than $100 million to move from Secaucus to Newark. She said the focus and the funds should go to small businesses, especially startups that have a chance to grow.
“That’s where you get your real kick in the economy. Supporting small businesses and people who are bringing new, fresh ideas to New Jersey,” she said.
NY is far more new business friendly than NJ.
HR question.
What are the rules around 3rd party HSA accounts? My wife has an HSA through work, which is neat because they have rollover, have debit cards, and checks.
I have an old school FSA, with no rollover. I don’t contribute to mine, she contributes to hers, we use hers.
But what’s the story with 3rd party HSA accounts? Are there income limits? Trying to figure out why I still have an archaic FSA with no rollover, and she’s got a fairly flexible HSA. Perhaps there is a third-party program, detached from the employer, which has other benefits/ease-of-use, etc.
With deductibles getting ever higher, FSA seems like it’s now a fairly risky proposition, dare I say, perhaps worthless as you can very easily lose any of the tax benefits in non-reimbursed funds.
Not only that, but the new HSAs are starting to allow investment in the HSA accounts.
Grim, I sold Benefits Admin solutions for 20 years, including FSA/HSA. Your employer has to make the buying decision regarding FSA and/or HSA vendors. There are costs involved and of course a sales process and, very important, an implementation process.
Your benefits staff may be lazy, not up to latest trends/needs or out of money/project time.
Give them a call, and ask them what the deal is.
The FSA is still solid if you “know” certain deductible costs you will definitely hit or you use the dependent care option.
For anybody who wants to venture far off the conventional bagel reservation:
Try a fresh, toasted. Asiago bagel with a little bit of butter and a whole lot of spicy jalapéno Philadelphia Cream Cheese.
kids wanna go where they wanna go and Cali, NY is where is at.
you think a young person wants to go to a southern, rightwing state. we’ll fine
grim says:
June 14, 2018 at 6:05 am
NY is far more new business friendly than NJ.
grim – As I understand it, there is some rollover with even an old school FSA, because you have until March 31st to spend your balance, no? Somebody High up in HR told me that smart people have used the previous year’s FSA account plus the current year’s FSA (which you don’t have to fully fund before you use it) to pay for LASIC surgery on both eyes.
Another thing, I *believe* you can use up your whole yearly FSA projected balance and not be liable for it if you leave the company early in the year.
Both of the above are unverified by me, YMMV.
What are the rules around 3rd party HSA accounts? My wife has an HSA through work, which is neat because they have rollover, have debit cards, and checks.
I have an old school FSA, with no rollover. I don’t contribute to mine, she contributes to hers, we use hers.
I also did some math a few years ago that made it seem like you should be able to switch to the HSA plus catastrophic option after a few years and reduce overall costs. I forget the particulars, but it seemed like if you went the HSA route for a couple years with no big expenses you could keep that ball rolling, as Pumps would say.
I’m wracking my brain trying to figure out what I figured out, maybe it had to do with health plans from both spouses. It seemed to me like you could do something for a couple years and then switch to something else and you would save money from then on.
^^^I can’t remember, because I went from Cadillac at the beginning to this decade, back to OK, but rising contributory and deductibles, back to Cadillac.
NYGuatemala is far more new business friendly than NJ.1. Comey shoved his nose way up Clinton’s sphincter in July by exonerating her, but not absolving her.
2. Comey reinserted his nose up the Parkinson’s diseased quivering hole in late October by reopening and then closing the case, so she couldn’t fire him on a technicality of burying information.
3. When she lost, everything turned into Keystone Cops.
Wageworks is the largest provider, here are there employee centric info/marketing guides that reviews the different flavors :
https://www.wageworks.com/employers/open-enrollment/mediagallery/healthcare/
(I am not recommending WW or any vendor, I am now in an independent consulting role where I would be a vendor selection consulting in these types of deals)
@JohnJHarwood
former Wells Fargo CEO Richard Kovacevich just told my @cnbc colleagues that Q2 2018 economic growth may reach 4%, and “that hasn’t happened in 10 years.”
actually, it’s happened 4 times in the last 7 years – most recently the 5.2% growth in Q3 2014
And yet Obama’s economy never sustained 3% growth for an entire year. Only president who never did. An astonishing display of ineptitude.
Especially coming in at the optimum time post crash. Helicopter Ben flooded the market with liquidity the entire term.
On the North Korea front, I think the fact that they are the only country in Asia not participating in the global economy is starting to open their eyes. Even Vietnam has made huge gains.
Hey Genius,
Yes, kids do want to go to a southern city/state, right wing is arguable. It’s called Nashville. It’s booming. My daughter lives there. It’s a blast to live in compared to the Northeast police states. People are polite. And they genuinely love it there. There are homeless, but so far, they don’t bother anybody nor intrude.
There is a section south of town called old Nolensville. The homes there are solid brick. A lot of expanded ranches. Much higher quality built homes than around here. All on multi acre lots, too.
Then again, there is a section in town called Belle Meade. We cruised through there several months ago. Look it up in Zillow, bonehead. Make you even more jealous of the hard working masses.
WESTERN ALLIANCE BANK (AZ) CUSIP: 95763PBH3
2.250% 04/29/2019
2.25% is pretty good for a 10 month CD, unless you think rates are going through the roof…fast.
Do they poop?
There are homeless, but so far, they don’t bother anybody nor intrude.
“You see, Dr. Stadler, people don’t want to think. And the deeper they get into trouble, the less they want to think. But by some sort of instinct, they feel that they ought to and it makes them feel guilty. So they’ll bless and follow anyone who gives them a justification for not thinking. Anyone who makes a virtue—a highly intellectual virtue—out of what they know to be their sin, their weakness and their guilt.”
~ Atlas Shrugged
I’m better than 400 pages into the book. Rand is masterful in exposing failed ideologies of leftist thinking! Does this statement above sum up the flawed American liberal or what? What an amazing read!
^^^ Yep. Proud of you gary. I need to read it myself now.
Yeah, that was my thought.
If I could find a good 3rd party HSA, we could just plow money into that for a few years, get it invested, and then when the inevitability hits of massive deductible plans in a few years, we would have built up enough of a self-insurance fund to not have to worry about moving to very-high-cost plans to compensate.
The astonishing think about it is that Rand lived it! She experienced the failure of a collective society. This is not just some drummed up feelings or a belief.
Nashville is turning fairly liberal, it is barely right wing. It is also incredibly expensive when you live in the “right” part of town. I had first hand view of Nashville’s transformation over the last 10-12 years. I’ve easily been there 40-50 times in that 12 years, and have had a fairly neutral outsider’s view of the changes. It attracts millennials due to the music and arts scene, period. Vanderbilt is doing a good job of attracting a fairly diverse student base. Geographically, at the turn of y2k, downtown and near-downtown Nashville were not desirable at all, the schools were terrible. These areas have completely turned around and have been filled with high-income, left-leaning folks. Lots of early movers into the area were mostly liberal, as is typically the case during gentrification (liberal, lgbt community, etc). It’s the Nashville ring suburbs that were traditionally conservative, and still are. Although even that has seen some fracturing due to in-migration and people wanting suburb McMansions (Brentwood, etc).
So what’s the chicken and the egg with Nashville? Did it boom because it became liberal and thus attracted a gentrifying crowd Or did the boom and wealth simply attract a more liberal demographic?
Also worth considering, the new country music scene is liberal and inclusive. Hardcore Conservatives have lost country music.
grim – I’m interested to go to New Orleans again. I went several times pre-Katrina over a very long period and nothing changed. My guess is even post-Katrina it’s still unchanged, except for neighborhoods I wouldn’t go to anyway. I read A Confederacy of Dunces earlier this year, and it didn’t seem any different then, either.
Circa turn of the century I had a short business trip where I had to go to both Vegas and Nawlins in about a 4 day span, hand’t been to either for 10 years. I was simply astounded at how much Vegas had changed and how much Nawlins didn’t.
Jesus, probably closer to 15-16 years, I’m getting old.
How great is the potential of Mexico if you could just rid it of Mexicans?
Idea:
1. Create a commerce zone in West Texas(is anybody going to use it anyway?) where Mexicans are welcome to live and work.
2. Build communities, businesses, churches, everything.
3. Pipe in water, have grassy lawns.
4. At the same time, covertly send gays and Jews to Mexico (we’ve covered this before)
5. Build a wall on the US Southern border – to keep Mexicans out.
Grim, Nashville is still conservative. It’s just that the people are too polite and don’t want to make Snowflakes feel out of place nor uncomfortable.
My daughter gave me firsthand accounts of how conservative some people are. Genius breath, close your eyes and ears.
I meant East Texas.
Shrug, like I said, I was there 40 or 50 times, spent at least 3 days there every time, something like 120-150 days in Nashville downtown since early 2000s. I almost moved there, have friends there, and at least 10 working colleagues that I speak with on a daily basis live there. Nearly spent 1/3-1/2 a year there over more than a decade, I think I’ve got a pretty good view. Cool that your recent transplant daughter thinks that, but I remember spending time in downtown Nashville when it was a shithole two blocks of nothing. I easily drank more than a 100 beers at Station Inn over the last decade.
I’m glad to see our Congress is back to working on the important stuff:
http://www.fresnobee.com/news/politics-government/article213126084.html
grim – If you dare say that it’s better than Wayne, or anywhere in Northern NJ, you know who will be by to tell you what a moron you are, right?
Shrug, like I said, I was there 40 or 50 times, spent at least 3 days there every time, something like 120-150 days in Nashville downtown since early 2000s. I almost moved there, have friends there, and at least 10 working colleagues that I speak with on a daily basis live there. Nearly spent 1/3-1/2 a year there over more than a decade, I think I’ve got a pretty good view.
It wouldn’t have been a bad move to go to Nashville when I had the opportunity, I’d be rolling in equity if I bought something downtown.
But, there would have never been a blog.
My buddy bought a shithole old house downtown for under $200k back after 2000. It’s far north of a million bucks today. Everyone told him he was an idiot for spending that much money on an old house in a bad neighborhood back then. They all bought Brentwood McMansions for the same price. He sent his kids to private school because the schools were so bad.
I have no idea who Big and Rich are, but one of the guys lives in his neighborhood.
BTW, my favorite 10 things about living for 5 or 6 years as an upwardly mobile professional in Wayne, NJ:
1. Bong hits.
2. Parties at my place with hot chicks and Bong hits.
3. Calling in sick and skiing at Vernon Valley after Bong hits.
4. Working 2nd shift after Bong hits.
5. Jersey shore after Bong hits.
6. My Concord Car Stereo with Type IV metal tapes, Dolby C signal processor in the glove box, Infinity Polypropylene Speakers, Subwoofer, my own custom hi-pass filters on the front Infinity Speakers…after Bong hits.
Sounds like the premise of a John Cusack movie.
BTW – My job when I lived in Wayne – Create Target Sorting Message Generation algorithms for the military. I know! I thought the same thing!
I also did CDMA voice on 32 bit microprocessors before anybody heard of either.
About a dozen years ago I did an internet search only to find out what used to be top secret, was now completely declassified. We used to have documents where a single bit was classified(mode =1 or mode =0), and nobody knew why. It took me a long time to find out.
Concord, what a plebe. Nakamichi all the way.
Nakamichi did not have the choice of separate Dolby C or or DBN signal processors at the time. Dolby B only.
DBX
If you follow technology, there are certain high quality things that only exist for an instant. They weren’t always the greatest, or the best selling, they were just kind of the greatest for a very short time:
1. Betamax instead of VHS
2. IBM microchannel instead of 32 bit ISA
3. Concord Auto Head Units (Look up Fletcher-Munson loudness circuits)
4. High Quality roller bearing 1-1/8″ threaded mountain bike headsets
5. 16:9 HD tube TVs (1080i)
Nak made most of the good Concord units for them.
Since Tennessee has come up, anyone been to the smoky mountains of Tennessee? Any recommendations on what town to stay in that area?
You can add open reel to reel players to that list too, btw.
Using Nashville as representative of the south is the equivalent of using Miami to represent Florida.
Xolepa says:
June 14, 2018 at 8:49 am
Hey Genius,
Yes, kids do want to go to a southern city/state, right wing is arguable. It’s called Nashville
Why don’t I use Salem county to be representative of jersey?
Damn, no wonder you are so bitter about the move out of Jersey, you had a great time! Best years of your life were in Jersey, correct?
Now imagine if you had to grow up in some cheap location in the south, what kind of memories would you have?
The Original NJ ExPat says:
June 14, 2018 at 9:51 am
BTW, my favorite 10 things about living for 5 or 6 years as an upwardly mobile professional in Wayne, NJ:
1. Bong hits.
2. Parties at my place with hot chicks and Bong hits.
3. Calling in sick and skiing at Vernon Valley after Bong hits.
4. Working 2nd shift after Bong hits.
5. Jersey shore after Bong hits.
6. My Concord Car Stereo with Type IV metal tapes, Dolby C signal processor in the glove box, Infinity Polypropylene Speakers, Subwoofer, my own custom hi-pass filters on the front Infinity Speakers…after Bong hits.
Nakamichi did have type IV metal tape heads though, just like Concord. With the Concord, Dolby B was built in, just like Nakamichi. But if you wanted your Concord to be able to play Dolby C or DBX noise reduction recorded metal tapes, you had to to buy this metal box that was the size of an 8 track tape and weighed about a pound than plugged into the back of your head unit. You could only have one. Since my roommate had a high quality tape deck that could record metal type IV cassettes with Dolby C, my choice was easy.
Lib mentioned that he used to buy his Maxcel type IV metal tapes in Chinatown. They ran about $5 -$6 list – that’s for a BLANK tape.
circa 1985 – when CD players were still the size of VCR’s – Type IV metal tapes, with Dolby C noise reduction, recorded from CDs, were the highest mobile fidelity that existed on the American road. OTOH, it was definitely the stuff that dumb kids like me were drawn into. Once you had the engine on and cruising down the road, you had no way to enjoy the noise reduction. It was mostly when parked, between songs, when you could gloat, “Hear that? Hear that? Nothing! No tape hiss!”
I almost forgot about “line level” outputs. Typically you would have the head unit power the front speakers and you would have line level outputs to a separate amp to power the rear speakers. The sub-woofer had it’s own amp. This was years before everybody had the BOOM-BOOM-BOOM that used to be de rigueur in the late 80’s. I never had any interest in other than the best stock stereo you could buy in a car once that started happening. The magic was gone.
Sad, Pumps. You’re a Dad and you still do drugs? Granted, if you don’t do a lot of drugs, New Jersey will wear you down to a nub.
Damn, no wonder you are so bitter about the move out of Jersey, you had a great time! Best years of your life were in Jersey, correct?
LOL!! New York AG suing Trump today. Obvious smokescreen to cover the IG report coming out today.
New York attorney general sues Trump and family over charity, claiming ‘illegal conduct’ for ‘more than a decade
https://www.cnbc.com/2018/06/14/new-york-attorney-general-sues-trump-and-family-over-charity.html
MSM need a story to report in place of the one they should be reporting later today.
Expat,
Over 50% today. Keep up the good work! You must be as busy as pumpkin at work today.
joyce,
Yep, I can feel the juices flowing. You?
“Then again, there is a section in town called Belle Meade. We cruised through there several months ago. ”
I’ve been a big proponent of Nashville on here for a while.
Like grim, had my own second office down there and easily spent on average 75-100 days a year there for a few years or more in the aughts. Got pretty well ingrained in the local business and social community. Spent some time in business associates’/clients’ homes in belle meade.
Beautiful place. Old Short Hills 5/6 BR 1920s mansions on better acreage 20 minutes ‘rush hour’ drive from downtown right around a million. Did a quick zillow look, many are a double or better, from peak 2006 pricing.
And, yes, downtown was a dump (and cheap). Have a friend who is into country, she bought an apartment downtown back when because it was actually cheaper than hotels for the times she went there for CMA, shows, etc. Nice upside on that one.
N.Y. Attorney General Sues Trump Foundation Over Self-Dealing – The New York Times
https://apple.news/APBvcwLhNSF6U_j_TcyY6fQ
Given road noise in a car, was there really any point of going beyond Dolby B noise reduction? Commercial cassettes didn’t have C built in, which meant you were recording from a CD anyway, right? Makes sense if you were listening through headphones. I bet I’d hate the sound of my old commercial cassettes via a koss porta-pro and sony Walkman w/Dolby B. Now I’ve got digital rips, flowing through an ifi iDSD D/A converter & amp, feeding Sennheiser HD800 headphones. (Bayerdynamic DT770 headphones when I want closed-back).
The funny thing is that some of the best music recordings I listen to now were recorded analog in the late 60s and early 70s, and then remixed from original sources within the last 10 years.
WFH today and have the World Cup on in the background,
How does Russia keep getting these events? Were they selected before the crooks from FIFA were indicted?
All I gotta say, streaming music played through bluetooth headphones sounds like shit, worse than shit. Absolutely unlistenable.
It’s no wonder why so many kids are enthralled with vinyl these days. Play it back through a little integrated tube amp, on 1970s speakers (if the surrounds are still good), oh my god, that’s what music can sound like?
Archaic technology beats the billions of dollars invested in all of the infrastructure needed to beam shitty music to shitty headphones.
By the way, my Stax electrostatic headphones are still the arbiter by which I judge all headphones, or all audio really. Played back through my Dynaco, push pull el-84, shitty phono stage and all. Sumiko Blue Point cartridge on the turntable.
I sold all my Manley gear a few years back, and my big ass Vandersteen signatures.
Went to Nashville 4 years ago after a vacation in Memphis. Was friggin’ awesome. There was a street fair running which was pretty cool too, but the bar scene in the city was definitely up and running. Even went to the Grand Ole Opry and found it quite entertaining. Throw in fresh Goo Goo Clusters and I knew this area was the shiznit. Plus, it’s just plain pretty.
God damn.
https://www.cnbc.com/2018/06/14/us-weekly-jobless-claims-june-9-2018.html
Jobless claims at 218k, 44 year low.
Grim…couldn’t agree more on the BT tip. Hate compressed sound.
My brother was an audiophile junky back in the day. I remember hearing Rain on the Scarecrow, blood on the plow through his tubed system when he was in college and just couldn’t believe how rich and warm the sound was. John Cougar. Who would have thought that would be the high end song that stuck in my head.
https://www.youtube.com/watch?v=joNzRzZhR2Y
As I’ve aged, I still like higher end audio stuff and both my living room and man cave in the basement are surround 5.1 amped. But a Yamaha amp and a decent set of speakers are where my money is spent. My fronts and center are the last of the great ARs before Velodyne went and ruined them. Side firing woofer with the mid and high ends front-firing. Great staging. My rears are Monitor Audio since I don’t want my living room to look like a concert stage and pound for sound, probably the best I could do in a small box. I cheaped out on the subs, but I only use them for movies anyhow and the BIC I got works surprisingly well. Still have a pair of Paradigm Phantoms in the basement in storage but finally trashed all my old tuners, CD players, cassette decks, etc.
For headphones, I still use a wire.
All of my CDs are sitting up in the Google Cloud.
The east coast, and NJ in particular, have lost the innovation battle to the west coast. This article about Merck firing hundreds of NJ researchers at the same time Merck builds new labs in San Francisco says it all.
https://www.statnews.com/pharmalot/2016/07/12/merck-jobs-layoffs/
It’s no wonder why so many kids are enthralled with vinyl these days. Play it back through a little integrated tube amp, on 1970s speakers (if the surrounds are still good), oh my god, that’s what music can sound like?
They don’t know what they don’t now or that they’re just discovering. I’ve been saying this for a long time.
Thank goodness Murphy realizes that companies can make choices.
Layoffs have remained very low amid signs of growing worker shortages across all sectors of the economy. There were a record 6.7 million job openings in April. The number of unemployed people per vacancy slipped to 0.9 from 1.0 in March, indicating that most people looking for a job are likely to find one.
The claims report also showed the number of people receiving benefits after an initial week of aid declined 49,000 to 1.70 million in the week ended June 2, the lowest level since December 1973. The four-week moving average of the so-called continuing claims decreased 3,750 to 1.73 million, also the lowest level since December 1973.
The Trump economy!
Workers leaving NY metro in droves. And more likely to relocate to West Coast than Sunbelt. LA, Bay Area, Seattle are top 3 destinations. Nashville not in top 10.
But West Coast workers aren’t moving to East Coast. NY metro getting more workers from Bangalore and Hyderabad than LA, Bay Area, and Seattle.
Scroll to bottom of link for the data.
https://www.linkedin.com/jobs/blog/linkedin-workforce-report-may-2018-new-york-ny
Gary?
What’s your take on the trade war with Canada? Seems like they’ve been playing fair. What gives?
If you can count how many beers you had, you haven’t had enough to drink.
Speaking of sound, have you seen the size of the newer D-amplifiers car amps? I put 1000 watt 4channel amp under my seat in my suv and Infinity Kappa’s all around. Runs at 2 ohms and is cool to the touch. Sounds good, but not as clear as the systems I have 20+ years ago.
Canada’s bargaining power on trade has evaporated over past 10 years. The US used to rely on Canada for oil imports but with US oil production doubling over past 10 years, We no longer need Canada. That is why Canada prime minister nationalized a pipeline project through British Columbia, despite intense local opposition, in order to give Canada another option besides the US for its oil exports.
Same thing with lumber, where US just put in massive tariffs on Canadian lumber. Canadians are making massive investments in US Southeast sawmill capacity because they know most of their Canadian sawmills are going out of business forever. And unlike oil, China won’t save Canadian sawmills because Chinese houses are made from wood.
Given road noise in a car, was there really any point of going beyond Dolby B noise reduction?
No.
Commercial cassettes didn’t have C built in, which meant you were recording from a CD anyway, right?
Correct.
Like I tried to intimate in a prior post, I was just a stupid kid with too much money because I graduated college debt free and now I was making pretty good money.
Here is the best anecdote about how stupid it is to have a $1000 sound system in a $7000 car:
I had a friend who was a super audiophile (tube amps, expensive speakers, etc.). The first time he sat in my passenger seat and, with the car off, listened to one of my Type IV metal cassettes, recorded in Dolby C, from a DDD (Digitally recorded, mixed, mastered) CD. These were his very first words:
“Wow! It’s a shame you have to drive it!”
Meant Chinese houses are not made from wood
My system was pretty cheap, stock was horrible. Amp only ran $150 + speakers. Old days you would replace the head-unit but today they handle to many other functions. Also added sound deadening to all the doors, another cheap upgrade.
My Civic had an aftermarket booming system. 2 sealed 15″ woofers in a carpeted box. A Pioneer 1,000 watt amp. Crossovers and Boston Acoustic speakers all around. I mounted all of the electronics on the back of the rear seats which looked really cool when you folded them down to the hatchback. Everything was hidden. I removed all of the name plates. My car had been broken into three times and never was a component stolen. Just a few CDs or some smelly hockey equipment (figure that one out).
OTOH, I have a very nice, but old, home theater audio system. It’s 5.1, but it only has two speaker units. It’s very unique, a Cambridge Soundworks setup.
You send digital sound to the head unit, and here’s where it’s different: The head unit sends all sound to the subwoofer via a D-sub 15 connector. The subwoofer has FOUR amplifiers inside. IIRC, it’s 100W for the subwoofer itself and three 50W amplifiers that send to 3 speaker drivers inside a single cabinet that is phase delayed to create 5 channels from a single small speaker cabinet.
When I bought it in the mid 2000’s it was a pain in the ass, because you had to send all of the sound to the head unit via different inputs. Now it’s easy. With smart TVs, you just send everything to the TV and send the sound via one optical cable to the sound system. $1000 list, I bought it for $700 on sale. Still sounds great!
https://www.cnet.com/products/cambridge-soundworks-surroundworks-200/review/
When I went to NJIT I had an old Plymouth horizon with 100m+ miles that I had trouble starting with a key, one class and I came out and it was gone. Police found it 2 weeks later with a broken steering console, and it was missing the radio and battery.
Cuomo and his minions. Acting NY AG Underwood picks up and files lawsuit against Trump and family for their charity right where disgraced “call me Master”
former NY AG Schneiderman left off.
Next up for Attorney General of NY in the election will be Leecia R. Eve, a former top aide to Hillary Clinton to carry the torch.
“New York attorney general sues Trump and family over charity, claiming ‘illegal conduct’ for ‘more than a decade”
No sign of lawsuit against Clinton Foundation….
https://www.cnbc.com/2018/06/14/new-york-attorney-general-sues-trump-and-family-over-charity.html
Interesting, that area is more expensive than nyc metro area. Guess the people obsessed with blaming high costs just don’t get it.
Yo! says:
June 14, 2018 at 12:08 pm
Workers leaving NY metro in droves. And more likely to relocate to West Coast than Sunbelt. LA, Bay Area, Seattle are top 3 destinations. Nashville not in top 10.
But West Coast workers aren’t moving to East Coast. NY metro getting more workers from Bangalore and Hyderabad than LA, Bay Area, and Seattle.
Scroll to bottom of link for the data.
https://www.linkedin.com/jobs/blog/linkedin-workforce-report-may-2018-new-york-ny
Some people actually travel outside of Passaic County…and decide they like it better. You Pumps, are not one of them. If you ever leave Passaic County it will be because you inherited some money. Then you’ll move to Franklin Lakes.
Interesting, that area is more expensive than nyc metro area. Guess the people obsessed with blaming high costs just don’t get it.
Haters will hate. At least you are good at something, expat.
Why did you leave the nyc metro market? That’s right, couldn’t compete here so went for an easier road.
Not everyone can hang in the top league, some have to go play in the t ball league.
I can’t wait to be in the minors.
Pura Vida.
Speaking of music any recommendations for small stereo system with turntable. I got rid of a decent one from Sony a few years ago with the I pod thing. Big mistake! Stuff on Amazon looks like crap.
Anything Audio Tecnica
Direct drive
Picked up a killer mint Thorens from the electronics recycling dumpster in Wayne.
Sold it for more than a thousand dollars to some dude in Japan.
Wayne recycling center used to be my homestead rebate program. I pulled north of $10,000 out of there, resold on eBay.
I doubt the Thorenz had USB, no?
Lib looks like audio technica is just turntable and speakers. Want CD player as well
Ah. Those are dinosaurs too now.
Amazon building 9th NJ warehouse and will hire 600 more people. I was in the Robbinsville warehouse last week and it is up to 2,500 full time employees. That will swell to 5,000 late this year. Busiest warehouse in world by items shipped.
The Robbinsville facility is “generation 8” and has the latest robots. What is interesting is the robots actually Creat more jobs compared to Amazon warehouses without the robots. The reason is the robots enable so many more items to move through the warehouse, Amazon needs more people to bring pallets of trucks, break down the pallets, put items in boxes, then put the boxes on the trucks
NJ is actually very competitive location for warehouses. Port is here, greatest concentration of consumers is here, halfway between Boston and DC, and deeper pool of qualified workers than the competition, Pennsylvania.
I don’t know why I thought you wanted USB. Just assumed you were ripping MP3s.
If it were me, I would just get a refurbished Yamaha Receiver, a used Technics TT and really any old CD player since there is little difference in sound quality between them. Just oversampling to handle dirt, skipping. Speaker wise, there are lots of cheap pairs out there. Audio stuff is incredibly cheap right now, especially refurbs. Look at Newegg. For $400. You could probably put together a decent system.
Thanks Stu! Might want to add a turntable as well. My albums and 45s were all destroyed in a basement flood many years ago.
https://www.ebay.com/itm/Technics-SL-3200-Direct-Drive-Automatic-Turntable-/183273253912
Stax is about as high-end as headphones go. But I hear they project as much noise outward as inward. That’s not going to work in my office. Thus I spend more time with the closed DT770s than the Sennheisers.
For home theater I think the biggest bottleneck is speakers and room optimization. Grim saw my room – it’s ok, but cannot compete with fully dedicated and optimized rooms. Front and center speakers are PSB Stratus Silveri, rears more PSB speakers, then I have two SVS subs. Front speakers powered by an old Harmon Kardon Citation amp I’ve only powered off about 10 times in the 25 years I’ve owned it, the rest by an Onkyo receiver that has the top of the line Audyssey room correction software including dual independent subwoofer correction, – I suspect room correction is more important than the technical amplification or source quality these days, once you get above a certain level. Then I’ve got a 106 inch projector screen. I may replace the projector and the receiver to upgrade to 4k& HDR this Christmas.
https://www.accessories4less.com/make-a-store/item/yamrs202bl/yamaha-r-s202-2-ch-x-100-watts-natural-sound-stereo-receiver/1.html?gclid=CjwKCAjwpIjZBRBsEiwA0TN1ryM-BdZyrzowhX2pDIrJO9MAiSD4kwZLTn2GLsbmDO7_slmO15rz7xoCs5MQAvD_BwE
Ex Pat for you……. if reference Pumpty as Lawrence at minute 2:50
Also, Swedish Meatballs
https://www.youtube.com/watch?v=eTDsJd1l7Aw
I reference
https://www.newegg.com/Product/Product.aspx?Item=9SIA2GB5VS5899&cm_re=cd_player-_-1BT-0006-00039-_-Product
Now just get a decent pair of 8-ohm speakers – Between the Yamaha receiver and a good Stylus, it will sound infinitely better than any shelf system and will be much more durable.
Blu-ray player should work, if you have one hocked up to you AV.
your
Apple HomePod is a solid speaker. Can’t beat it for the price.
Klipsch Reference Series R-14M – Best sounding $150 speaker for a small to midsize room. For $200 get R-15Ms.
Nothing wrong with Nashville but in a rare instance pumps has a valid point somewhere in his hyperbole. 10 years or more ago Nashville was a good value, in today’s trajectory it doesn’t seem like it anymore, housing prices where you’d want to live might as well be NJ levels and let’s face facts the salaries aren’t NY salaries down there. NJ isn’t really competing with Nashville, it’s competing with NY, CT, and PA and besides CT we are losing pretty badly to both NY and PA. We have a great strategic location for logistics but the government here might as well be organized crime.
I wish I was a high school dropout. This way I could remind you and expat how you are getting beat by a high school dropout when it comes to making money.
chicagofinance says:
June 14, 2018 at 3:23 pm
Ex Pat for you……. if reference Pumpty as Lawrence at minute 2:50
Apple Homepod is not even a stereo speaker.
Thanks Lib and others for suggestions! I will get working on this tonight!
Lib
We have the Klipsch KCmc1 Bluetooth speaker in the kitchen, puts out some nice sound for its size.
I run infinity primus in my 5.1 AV, pioneer 160×7 d-class receiver.
Right on, yo!. Someone finally gets it. Nj will never die due to its location and demographics. Most dense state in the nation, and pretty high percentage of the population is flush with money. If you can’t make money here, you suck at life.
“NJ is actually very competitive location for warehouses. Port is here, greatest concentration of consumers is here, halfway between Boston and DC, and deeper pool of qualified workers than the competition, Pennsylvania.”
Lib,
The sound is really good for the money. Give it a try, worth it, imo.
Jcer,
That’s why I like this area. Opportunity to make money. So many businesses you can open here and make a killing because of the dense population. Add in the fact that they have money, and it’s a beautiful thing. Very hard to find this on this planet, truly a fortunate place to be if you like making money.
Pumps number one for warehouse construction due to location does not in my mind equal good high paying jobs. It’s something that one might associate with a State deemed less attractive as in that’s all they can attract in terms of business.
Go open a landscaping company in some low cost location…..good luck! Hope you like the simple life because revenue will reflect it.
Over here, landscapers blowing the f up. So much opportunity for business! But nj sucks for business (crying sound). Opportunities are there…
Guess what is on my 8th grader’s reading list for the Summer?
Anthem.
These warehouses are taking over land that was either being farmed or producing nothing. Other states could only wish they had this opportunity.
3b says:
June 14, 2018 at 3:57 pm
Pumps number one for warehouse construction due to location does not in my mind equal good high paying jobs. It’s something that one might associate with a State deemed less attractive as in that’s all they can attract in terms of business.
Moving the 401k to almost all in on vmrax a couple years ago has worked out lovely.
Pumps yep those folks working in the warehouses will be paying 500k for houses with a 12k to 15k yearly tax bill.
Ohio probably has more warehouses and farms than Jersey being in the logistical center of the country.
Ever lived ocean front, adjacent to a major city? Of course not. You live tarmac front, adjacent to a smelly flood plain. You live on a drag strip that is a commuter short cut between highway and a turnpike…literally. I guess for your family, you’re doing pretty good. Congrats and say hi to your Dad for me next time he comes over to your house…oh…that’s right.
Why did you leave the nyc metro market? That’s right, couldn’t compete here so went for an easier road.
woops..FBI agents discussing Trump:
PAGE: “[Trump’s] not ever going to become president, right? Right?!”
STRZOK: “No. No he won’t. We’ll stop it.”
https://www.cnn.com/2018/06/14/politics/ig-report-clinton-email-investigation/index.html
chi – LOL!!! I had no idea that Martin Short was on SCTV prior to SNL, ’82-’83 was during my college media blackout period.
Ex Pat for you……. if reference Pumpty as Lawrence at minute 2:50
Also, Swedish Meatballs
https://www.youtube.com/watch?v=eTDsJd1l7Aw
Whaaaa…I have it so bad! Someone go setup a gofundme page to save me from this horrible life I’m living. Who would buy in such a bad location. Someone please, save me!
The Original NJ ExPat says:
June 14, 2018 at 4:37 pm
Ever lived ocean front, adjacent to a major city? Of course not. You live tarmac front, adjacent to a smelly flood plain. You live on a drag strip that is a commuter short cut between highway and a turnpike…literally. I guess for your family, you’re doing pretty good. Congrats and say hi to your Dad for me next time he comes over to your house…oh…that’s right.
Pumps,
Have you installed wind turbines yet to capture all the energy of them passing trucks?
Or the air blowing between your ears?
NJ has warehouses in volumes principally because wages are too high and regulation is too strict to have industrially zoned property doing anything else. Being in the middle of a huge consumer market containing one of the largest consumer goods ports in the country makes warehousing a sure bet. Warehouses create few jobs and even fewer that are well paying(only the management so probably less than 5 per million sqft of warehouse).
“Warehouses create few jobs”
They create huge numbers of jobs. Amazon is the #5 employer in NJ and most jobs are in the 8 existing warehouses. Unlike government and healthcare, these Amazon jobs aren’t funded using money taken from taxpayers.
Totally agree. NJ is a great State to drive through.
“NJ is actually very competitive location for warehouses. Port is here, greatest concentration of consumers is here, halfway between Boston and DC…”
NJ has warehouses in volumes principally because wages are too high and regulation is too strict to have industrially zoned property doing anything else. Being in the middle of a huge consumer market containing one of the largest consumer goods ports in the country makes warehousing a sure bet.
And that portends the death of brick and mortar retail.
Some friends of mine… Awesome to see it.
https://venturebeat.com/2018/06/13/ohios-mezu-raises-10-million-to-let-you-send-and-receive-money-privately/
re: “And that portends the death of brick and mortar retail”
Grim I am ashamed you think this. I though I explained who holds the bag here, the Amazon story has been told for over two decades yet they are still a blip on the radar of overall retail sales.
Kimco, DDR, Regency, Macerich etc all strip malls companies that own the retail properties and charge to top dollar per sq foot they will go under first if brick and mortar is truly doomed by drones or home delivery.
The retailers that go under? KMART, TOYS R US, etc ? That is bad management, they over leveraged and over expanded, and that just thins the herd.
Heck take a look at the latest news Retails Sales are up….
Eh, I do a lot of business with the retailers.
We are starting to hear of these companies refusing to do business with anyone that does business with Amazon in any way, including AWS. I heard it personally from a very well known luxury brand, and it was something mandated from the highest levels. They will not do business with anyone who does business with Amazon, period. When hundred year old luxury brands start to fear Amazon, you know the trend is real.
Working with someone that runs support at a big new economy food delivery company. He says there are restaurants starting up in major metros with absolutely no front of house, catering entirely to the delivery crowd. They are setting up in ultra-low-cost real estate, and doing big business, and are a major threat to traditional restaurants.
I’ll let a little bit more slip that I probably shouldn’t.
The most successful of these operate half a dozen “restaurants” out of the same kitchen. They capitalize on the interest around a new local restaurant. They run it out for a while, and as soon as the buzz wears off, they close up shop and open up a new “concept” out of the kitchen.
Talk about playing to the crowd. This is exactly the same industrialization, mega-warehouse-ization of retail, except with food. Running 6 different cuisines out of the same location, and rotating as soon as one gets stale, you would fail immediately in brick and mortar, you’d never be taken seriously. In the new economy/online commerce world, nobody would ever really know they are getting played by the illusion of choice.
Like what they do at all inclusive resorts, there are 5 or 6 “different” restaurants and cuisines all being run out of the same kitchen in the back.
Grim – certain brands don’t sell on Amazon or any other channel than their own, and the ones that relied on the malls? Just look at how Polo does it now, their markup included slotting fees like paid to Macy’s etc, now they sell certain lines on Amazon but not all or all colors etc at a slight discount and the rest goes to discount retail like Marshalls.
As far as food delivery it isn’t Amazon or Plated, Blue Apron or any other startup, it is the concept you described and it makes sense long term high rent leases based upon footfalls and dine in? That has always been the highest failure rate in retail. If you aren’t busy within 6 months you are out a cool few million usually borrowed from friends and family, makes sense to create a smaller delivery only and squeeze out the locals pizza, sushi, Chinese heck even Mexican food places who cannot adapt.
When I lived in city and later Hoboken even the best run and best promoted resturants went under eventually, the crowd is fickle and the rent was always too damm high. I best most of the resturants featured on Gordon Ramsey’s show are gone under by now.
Heck I need to crack open Bourdain’s book again, miss that guy…
Here is a good one ..
sushi samba nyc, on 7th ave now closed they were killing it since the days of NBC’s
Friends in the same neighborhood. I bet the rent did them in..
Grim 7:43, you are describing cloud kitchens. Uber founder Kalanick is a big investor in the concept. Rent warehouse space, build kitchens, rent the kitchens to chefs who do delivery and catering only – no bricks and mortar restaurants.
And what is up with retailers boycotting companies doing biz with Amazon? I hadn’t heard this.
Yo! Walmart is doing that to those who do business with Amazon. You should see some of these contracts……
You understand that this new generation of morons is so attention deprived, lazy, entitled and impatient, that sales of cereal have created. They can be bothered to get a plate, spoon and pour milk…….too much work. They need something like a premix that they can drink from a container or some chewy comestible.
grim says:
June 14, 2018 at 7:43 pm
They are setting up in ultra-low-cost real estate, and doing big business, and are a major threat to traditional restaurants.
They can’t
200M people with 24 hours drive; 100M from Charlotte to Boston
JCer says:
June 14, 2018 at 6:17 pm
NJ has warehouses in volumes principally because wages are too high and regulation is too strict to have industrially zoned property doing anything else. Being in the middle of a huge consumer market containing one of the largest consumer goods ports in the country makes warehousing a sure bet. Warehouses create few jobs and even fewer that are well paying(only the management so probably less than 5 per million sqft of warehouse).
There are these brothers that own dozens of Manhattan restaurants, all types, from fast food to Dunkin’ Donuts, to sit down restaurants with liquor licenses. Whenever sales get stale at a couple locations they simply turn the McDonalds location into a Burger King and the Burger King into a McDonalds.
In the new economy/online commerce world, nobody would ever really know they are getting played by the illusion of choice.
You understand that this new generation of morons is so attention deprived, lazy, entitled and impatient, that sales of cereal have created. They can be bothered to get a plate, spoon and pour milk…….too much work. They need something like a premix that they can drink from a container or some chewy comestible.
Have you seen the “just crack an egg” breakfast bowls. It’s the equivalent of ramen for breakfast. Just garbage. But Millenials love it because they can throw out the plastic bowl.
Did a lawn renovation last August and put in a monostand of this. My lawn has a few spots that need to fill in, but this breed looks absolutely beautiful. A neighbor described it as “green velvet.” It takes about two years to see the full potential (grass needs to mature before you see its true dark color and thickness). Highly recommend to anyone interested in having a top of the line lawn.
It’s all about genetics.
http://turfmerchants.com/grass-seed-product/blueberry/
Grim,
I can see this idea would be very successful around big medical centers. Have you ever been in a manhattan hospital’s elevator area around lunch time?
A lot of surgeons treat the staff, someone orders on the web and charges to a credit card and delivery comes.
Only bad side I see is delivery. ALL and I mean ALL are illegals, one ICE round up and the business model is kaput, unless you get H1B1 Visa holder delivery boys.
Working with someone that runs support at a big new economy food delivery company. He says there are restaurants starting up in major metros with absolutely no front of house, catering entirely to the delivery crowd. They are setting up in ultra-low-cost real estate, and doing big business, and are a major threat to traditional restaurants.
So Gare’bear…..people don’t want to “think”
Fascinating. Ironic. And yeah Trump and his followers fall neatly into that category.
A pro-Trump demonstrator who admitted hitting protesters at a far-right rally received help and support from California police, who worked with him to prosecute leftwing activists, records show.
Documents and testimony in a trial surrounding a rightwing demonstration in Berkeley reveal that police and prosecutors pursued charges on behalf of Daniel Quillinan, a conservative activist who has posted fascist memes and came to the event with Kyle Chapman, now a celebrated figure amongst the “alt-right”. The authorities consistently treated Quillinan as a victim even though he was visibly armed with a knife, a wooden “shield” and a “flagpole” – and had told law enforcement that he “hit someone in the head”, according to court files.
The New York State attorney general’s office filed a scathingly worded lawsuit on Thursday taking aim at the Donald J. Trump Foundation, accusing the charity and the Trump family of sweeping violations of campaign finance laws, self-dealing and illegal coordination with the presidential campaign.
The lawsuit, which seeks to dissolve the foundation and bar President Trump and three of his children from serving on nonprofit organizations, was an extraordinary rebuke of a sitting president. The attorney general also sent referral letters to the Internal Revenue Service and the Federal Election Commission for possible further action, adding to Mr. Trump’s extensive legal challenges.
Drain the swamp
The lawsuit, which seeks to dissolve the foundation and bar President Trump and three of his children from serving on nonprofit organizations, was an extraordinary rebuke of a sitting president. The attorney general also sent referral letters to the Internal Revenue Service and the Federal Election Commission for possible further action, adding to Mr. Trump’s extensive legal challenges.
The State AG’s are the one that will complete ensure jail time is served by culprits. After all is said and done. A lot of criminal behavior will be shown, but federal pardons will ensure only punishment will be in State of NY, NJ and others courts.
From Bloomberg;
Jonathan Blattmachr, an estate planning lawyer, is such a fan of the strategy he’s created to help some of his wealthy clients get around the new property tax deduction cap that he’s using it himself.
Blattmachr plans to put his two New York residences — in Garden City and Southampton on Long Island — into a limited liability company. Then he’ll transfer interests in the LLC to five separate trusts set up in Alaska, with each taking the maximum $10,000 deduction. By doing so, he says he’ll be able to preserve the write-off for about $50,000 in property taxes he and his wife pay each year on both homes.
“This is an under-the-radar thing and it’s novel,” said Blattmachr, who’s written several books on estate planning.
The provision most bitterly opposed during the legislative debate was the $10,000 limit on federal deductions for state and local taxes, or SALT. Since the law took effect, half a dozen wealth planners say they’ve seen a surge in interest in so-called non-grantor trusts among residents of high-tax states such as New York, New Jersey and Connecticut.
The rich will corrupt anything. They have found a way to corrupt nonprofits. This was intended to help people, but they have corrupted it to enrich themselves. If trump is doing it, almost all the rich are doing it. Not cool.
We said this months ago, to win in the Trump economy, you need to act like Trump.
Even the loophole being pushed by NJ’s democratic leadership is geared towards benefiting the wealthy only.
Rand thinks the rich are great people. Wonder what she would have to say about them if she knew all the dirty moves they employed to enrich themselves. Rand, omg, what we do without these rich producers in society ripping off the rest of society on a daily basis. Yes, let’s worship these people as gods. Good advice.
One clever idea I came up with.
Sell your house to your neighbor, have your neighbor sell their house to you.
Rent your current houses from each other at zero net profit.
Now treat all expenses as business expenses on rental property. Taxes, new roof, repairs, etc etc etc.
The cross sale/lease approach means your neighbor can’t screw you, because you could just screw them back.
Profit.
You have said this from day one. Spot on call.
grim says:
June 15, 2018 at 9:26 am
We said this months ago, to win in the Trump economy, you need to act like Trump.
Even the loophole being pushed by NJ’s democratic leadership is geared towards benefiting the wealthy only.
Today’s oxymoron: Think like Trump
“Only bad side I see is delivery. ALL and I mean ALL are illegals, one ICE round up and the business model is kaput, unless you get H1B1 Visa holder delivery boys.”
Looked seriously at a segment of the car wash industry years ago. Glad I dodged that bullet. Pulling back the sheets too much of profit was too dependent on illegal’s wages.
Re: restaurants, they’re like real estate. Owners fall in love, get emotionally attached. Befuddled why anyone would not sell out near peak, especially if site is leased. You know your max top line – seatings times check. If you’re approaching that you are hot and successful and at least a few years into an eventually undermarket lease. There will be lots of vanity buyers, sell. Let them take the risk of wringing the last 10% out of the business. As many NYC landmarks have felt recently, the final year of that 30 year lease is like an underwater option expiry. Ride it to maturity and it’s worth zero.
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Cristiano Ronaldo ‘accepts two-year suspended prison sentence’ to settle tax evasion case
The Real Madrid superstar was accused by Spanish prosecutors in June last year of defrauding tax authorities of €14.8m (£12.9m)
It turns out oblama was sending email to the Clinton private email server. He of course lied about it. We already knew this of course but it wasn’t verified yet. Time to get the community organizer in front of congress and find out what he knows about the fbi resistance movement that took shape while he es in office. He’s lied about that and has been implicated as well.
A good sturdy grass. Holds up well to carbon monoxide and other toxins like the ones you find adjacent to high speed roadways.
Did a lawn renovation last August and put in a monostand of this. My lawn has a few spots that need to fill in, but this breed looks absolutely beautiful. A neighbor described it as “green velvet.” It takes about two years to see the full potential (grass needs to mature before you see its true dark color and thickness). Highly recommend to anyone interested in having a top of the line lawn.
It’s all about genetics.
I’ll bet none of them were from Berkeley.
A pro-Trump demonstrator who admitted hitting protesters at a far-right rally received help and support from California police
Only a moron would not see this for what it is. Foundation took in $18.8 million, paid out $19.2 million. ZERO salaries, ZERO expenses, ZERO paid board members. Compare to the Clinton Crime Family Foundation taking in $500 million+ and 90% of it went to salaries, travel, and expenses.
As I said early yesterday morning, this story was “chambered” to give fake news something to run as a lead story instead of the IG report.
Drain the swamp
The lawsuit, which seeks to dissolve the foundation and bar President Trump and three of his children from serving on nonprofit organizations, was an extraordinary rebuke of a sitting president. The attorney general also sent referral letters to the Internal Revenue Service and the Federal Election Commission for possible further action, adding to Mr. Trump’s extensive legal challenges.
The Original NJ ExPat says:
June 14, 2018 at 10:58 am
New York attorney general sues Trump and family over charity, claiming ‘illegal conduct’ for ‘more than a decade
https://www.cnbc.com/2018/06/14/new-york-attorney-general-sues-trump-and-family-over-charity.html
The Original NJ ExPat says:
June 14, 2018 at 10:59 am
MSM need a story to report in place of the one they should be reporting later today.
or rent.
We said this months ago, to win in the Trump economy, you need to act like Trump.
You are the moron for believing this. Zero expenses? Wtf? How is that possible?
The Original NJ ExPat says:
June 15, 2018 at 10:14 am
Only a moron would not see this for what it is. Foundation took in $18.8 million, paid out $19.2 million. ZERO salaries, ZERO expenses, ZERO paid board members. Compare to the Clinton Crime Family Foundation taking in $500 million+ and 90% of it went to salaries, travel, and expenses.
I was doing this in the 1980’s. I owned the condo where my girlfriend resided, She owned my condo. Wrote off everything, including travel expenses to “inspect” our properties. My gf used to hate that I left all of my dirty laundry while I was “inspecting”, expecting it clean when I returned the following weekend. Good times, good times.
Sell your house to your neighbor, have your neighbor sell their house to you.
Pumps – you are an idiot. If you read two words for every one you type you might learn something. It was a charitable foundation, and not a huge one. Sure there were some administrative costs, the Trumps just never CLAIMED any, nobody did! It’s how real charity should work.
You are the moron for believing this. Zero expenses? Wtf? How is that possible?
I’ve sat on the board of two different churches. Big time suck for me, and you don’t get paid a dime. When I was in my early thirties I thought it would be fun to manage a multi million dollar endowment. Not so much fun when it’s not your money.
The worst thing is when all of your 13% CDs from the early 80’s start maturing and there’s no safe place to generate the same income, BUT the church budget is based on having that income AND MORE each year.
You sound qualified to be Governor of NJ.
Like I’ve said many times, it is just hilarious that you can’t even pick a genré of indiscretion by Trump where the Clintons haven’t already been given a pass for performing acts one thousand times worse, i.e. slept with a p0rn star, raped an office worker.
I’m not gay.
You sound qualified to be Governor of NJ.
I didn’t go there, but if you insist, sure.
“The worst thing is when all of your 13% CDs from the early 80’s start maturing and there’s no safe place to generate the same income, BUT the church budget is based on having that income AND MORE each year.”
Congrats. You are qualified to sit on a public pension board. Did the church raise taxes to cover the shortfall?
You are funny. Yes, trump is into providing real charity…sure. Why doesn’t he start by paying all those construction workers he ripped off over the years. How about not starting a school to rip people off? So now you want me to believe he is leaving money on the table by claiming no expenses because he does charity the honest way? Sure!
The Original NJ ExPat says:
June 15, 2018 at 10:28 am
Pumps – you are an idiot. If you read two words for every one you type you might learn something. It was a charitable foundation, and not a huge one. Sure there were some administrative costs, the Trumps just never CLAIMED any, nobody did! It’s how real charity should work.
grim – I thought you got your nickname ironically because of your great sense of humor?
I didn’t go there, but if you insist, sure.
Pumps – If you’re at home today and feeling a little lightheaded, maybe close the windows? Bad smog day.
You are funny. Yes, trump is into providing real charity…sure. Why doesn’t he start by paying all those construction workers he ripped off over the years. How about not starting a school to rip people off? So now you want me to believe he is leaving money on the table by claiming no expenses because he does charity the honest way? Sure!
LOL. No, Lib. I dragged them kicking and screaming into the stock market. It turned out it wasn’t such a bad place to be from ’92 until ’97, when I left the board as we moved to Long Island. There’s a funny thing about church endowments, and we had a decent one, about $2 million. The funny thing is thereseems to be this mantra:
Never touch the principal. Spend ALL of the interest.
Congrats. You are qualified to sit on a public pension board. Did the church raise taxes to cover the shortfall?
Something was always going right at that church, and it was all in the timing. Even way before my time, we were always
lucky blessed when it came to Real Estate. We owned several rental properties and we made some great moves with them. A while back I posted on the luxurious parsonage that was bought around the time I left, 1997.If anybody knows what Methodist churches usually look like, you’d normally think of white clapboard with a modest bell tower. Nope, not Park United Methodist in Bloomfield. Consider this:
Demolition of the old building began shortly thereafter, and on Sunday, October 14, 1928 the cornerstone of our present church was laid with appropriate ceremonies. The architecture is an adaptation of Fourteenth Century Gothic, built of Mt. Airy gray granite stone shipped from North Carolina. The tower is nearly 75 feet high and the seating capacity is 450.
Can you imagine if the cornerstone was laid just one year later?
http://www.parkumcbloomfield.org/?subpages/History-1830-2010.shtml
I messed up my html. The first paragraph should have read:
Something was always going right at that church, and it was all in the timing. Even way before my time, we were always
luckyblessed when it came to Real Estate. We owned several rental properties and we made some great moves with them. A while back I posted on the luxurious parsonage that was bought around the time I left, 1997.The old parsonage, built in 1864, was beginning to show its age 1965. In that year, it was demolished and a new parsonage, located on Oak Street, purchased. In 1997, a second parsonage, on Beach Street, was purchased. Later, the Oak Street property was sold. Also during these years the church was fortunate to purchase several other homes. These homes adjoin the church property. They were purchased between 1958 and 1999 and are still owned by the church.
Anyone think Trump will ever release his taxes? How can we trust this guy if he won’t be transparent. When a guy claims he is going to drain the swamp, and then puts his family and friends in govt positions, how can you trust him? He won’t even release his taxes…first President ever. Now no president will show their taxes because they will use the Trump card. Bad move by trump.
I love how churches are dying due to people being less religious. Yet they are wealthy due to their real estate and tax breaks. Time to make churches pay property taxes.
From FBI Employee
“Trump’s supporters are all poor to middle class, uneducated, lazy POS that think he will magically grant them jobs for doing nothing. They probably didn’t watch the debates, aren’t fully educated on his policies, and are stupidly wrapped up in his unmerited enthusiasm.”
As an aside……couldn’t the same allegations be made against Obama?
How hard is it to get your Home designated as a church? Would be a great way to claw back the loss of property tax and other deductions if you could become a minister through the internet and hold weekly services in your home during halftime in football season and before bbqs and other events the rest of the year.
I posted about this approach several weeks ago. The grantor would also need to place sufficient income producing securities in each trust in order to have cash flow and income to offset…..
LongLive Salt says:
June 15, 2018 at 9:11 am
From Bloomberg;
Jonathan Blattmachr, an estate planning lawyer, is such a fan of the strategy he’s created to help some of his wealthy clients get around the new property tax deduction cap that he’s using it himself.
Blattmachr plans to put his two New York residences — in Garden City and Southampton on Long Island — into a limited liability company. Then he’ll transfer interests in the LLC to five separate trusts set up in Alaska, with each taking the maximum $10,000 deduction. By doing so, he says he’ll be able to preserve the write-off for about $50,000 in property taxes he and his wife pay each year on both homes.
“This is an under-the-radar thing and it’s novel,” said Blattmachr, who’s written several books on estate planning.
The provision most bitterly opposed during the legislative debate was the $10,000 limit on federal deductions for state and local taxes, or SALT. Since the law took effect, half a dozen wealth planners say they’ve seen a surge in interest in so-called non-grantor trusts among residents of high-tax states such as New York, New Jersey and Connecticut.
LOL. By Trump giving multiple interviews this week and two press conferences, including this morning’s impromptu gaggle on the North Lawn, now he can hide out and not take any Manafort questions for a long time. Crazy like a fox.
What a great concept, shelter your earnings with avoided taxes taken as expenses.
I posted about this approach several weeks ago. The grantor would also need to place sufficient income producing securities in each trust in order to have cash flow and income to offset…..
[T]he only hope of survival the MSM have in the age of the interwebs is to be brutally honest and open. Real news and real journalism. Because simply spouting opinions is something they will be trumped on by the many many millions of people with social media accounts who already do that every day, anonymously, and for free.
The old media don’t stand a chance against that army. The only thing that can save them is the truth.
https://www.theautomaticearth.com/2018/06/see-now-you-did-it/
BTW, the Methodist church would be out of business if it wasn’t for an endless stream of
ex-Catholicsnew converts.Is this guy really taking credit for the cup? Lol
http://www.nj.com/sports/index.ssf/2018/06/world_cup_2026_president_donald_trump_congratulati.html
Random old post from someone I don’t recognize. Note date…..interesting….
SG says:
August 22, 2008 at 11:43 am
Nobel Laureate McFadden on Obama’s Fiscal Policy
Mr. McFadden: “If you actually look at the details, these are centrist, not left-wing proposals. The message that he’ll expand government is a misrepresentation. Obama talks about a much more balanced fiscal policy than the current administration. And McCain does too, to the extent that he talks about policy at all.”
WSJ: How do they compare to the current administration?
McFadden: “They’re both running on a platform that’d be an improvement on our current administration. But that’s a pretty low standard. This administration has been a dismal failure.”
WSJ: Why is Obama seen as promoting a more active government role, if his proposals are so centrist?
McFadden: “He’s not been running very hard on his policy proposals. He’s been running a soft campaign till now. And McCain has been trying to paint him as a leftist. And he’s succeeding.”
WSJ: Who do you support?
McFadden: “I’m an Obama supporter, because I view him as a centrist,” in line with former president Bill Clinton. “Despite his personal failings, Clinton ran a pretty good government and a policy of fiscal restraint.”
^^^ probably another “paid FBI informant”, definitely not a spy.
https://www.marketwatch.com/story/clinton-campaign-alums-blast-comeys-use-of-private-email-2018-06-14
BTW, you have to give Mrs. Clinton some latitude for not being too wordy. We all know she broker her wrist falling down drunk in a hotel room again, right. Disclosure: I don’t know how many times she broke her wrist falling down drunk in a hotel room, I just know she is falling down drunk alot…everywhere. I’ll try to find the Bill Clinton clip…
Editing video is routine in TV news reporting, but former President Bill Clinton’s comment that Hillary Clinton “frequently” fainted over the years was also cut from the written record of his interview with CBS News host Charlie Rose.
Had to use duckduckgo to find it. Google scrubbed it.
https://www.rt.com/usa/359235-bill-clinton-frequently-hillary-cbs-transcript/
Hold, regarding the question about staying in the smokes, there are many nice cabins you can choose from, that said we ended staying at the Wyndham Smokies which includes the waterpark. Very nice, 2 bedroom condos. I believe a week for a family of six will run you $1400 after peak season which is the anytime after August 13 which is when school starts in the South. Its a bit of a trek to get to the smokies and pigeon forge which is about 30 minutes away, but much nicer compared to whats offered in the area for hotels.
hold last thing, there are 2 wydham hotels there with similar names so make sure you pick the waterpark one. otherwise the kids would be disappointed.
How hard is it to get your Home designated as a church? Would be a great way to claw back the loss of property tax and other deductions if you could become a minister through the internet and hold weekly services in your home during halftime in football season and before bbqs and other events the rest of the year.
Ask Lakewood.
(hides)
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allegations can be made against/for, anything/anybody
facts are hard, allegations are easy. there’s plenty of factual evidence supporting fbi comment below
that’s why you rightwingers reject a fact-based world
chicagofinance says:
June 15, 2018 at 12:05 pm
From FBI Employee
“Trump’s supporters are all poor to middle class, uneducated, lazy POS that think he will magically grant them jobs for doing nothing. They probably didn’t watch the debates, aren’t fully educated on his policies, and are stupidly wrapped up in his unmerited enthusiasm.”
As an aside……couldn’t the same allegations be made against Obama?
@kurteichenwald
Giuliani is now floating the idea of presidential pardons for Manafort – at a time he is being pressured to cooperate.
Floating such an idea now is unquestionably obstruction.
Pardons are for rewarding people who atoned or have unjust sentences.
NOT to reward criminal friends.
@BenjySarlin
To summarize:
-The chairman of a campaign whose unofficial slogan was “Lock her up” is going to jail
-The campaign adviser who personally led “Lock her up” chants and the deputy chairman are both awaiting sentencing.
Front page headline in Newsday today: LI HOME PRICES SOAR. +8% in Nassau, +10% in Suffolk where population is shrinking. North Jersey (ex-Hudson), Westchester, and Connecticut are lagging Long Island. Any theories why?
Friend is former banker turned entrepreneur and he is growing a fancy pizza and salad restaurant concept on East Coast. Started in Maryland and growing rapidly. Refuses to open restaurants in N.J. due to regulations and minimum wage law risk. So focusing on growing in Carolinas and Tennessee.
Yo people thinking they need to get in or be priced out forever! Heard that 30 years ago when I bought my first house.
Sense of urgency coming back. Great news for home values. And this home price appreciation is happening without loosening tight lending standards.
Ideology stopping him or actual regulation? I call ideology. Plenty of businesses doing fine in nj.
Yo! says:
June 15, 2018 at 5:13 pm
Friend is former banker turned entrepreneur and he is growing a fancy pizza and salad restaurant concept on East Coast. Started in Maryland and growing rapidly. Refuses to open restaurants in N.J. due to regulations and minimum wage law risk. So focusing on growing in Carolinas and Tennessee.
3b,
You are locked out of those prices from 30 years ago. It’s gone. Just like these current prices will not ever be seen again. On its way up, it goes up and down, but understand that after every bust, the floor is raised as is the ceiling.
3b says:
June 15, 2018 at 5:34 pm
Yo people thinking they need to get in or be priced out forever! Heard that 30 years ago when I bought my first house.
If anyone is man enough to acknowledge it, tell the board how I called this exact labor and housing market since 2012/13. Just remember, this only the beginning of the most epic economic boom cycle of your life. This was the perfect storm. It all came together.
Walking bye
Thanks for the info. We are thinking of something in either pigeon forge or gaitlinburg. Never been to that area before and want to do some hiking and fishing.
Pumps,
What brand weed and feed do you use? I splurged and switched to Bayer for southern lawns a few years ago and it does a much better job than the store brand stuff I had been using.
Pumps – just keep paying your property taxes. It’s only $50 per day.
If anyone is man enough to acknowledge it, tell the board how I called this exact labor and housing market since 2012/13. Just remember, this only the beginning of the most epic economic boom cycle of your life. This was the perfect storm. It all came together.
Wayne Wholesale Fertilizer.
You guys must be made of money to buy Scotts and Bayer at Home Depot.
Buy commercial/golf course quality there at 1/2 the price.
I’m not a right winger!?
Very Stable Genius says:
June 15, 2018 at 4:47 pm
allegations can be made against/for, anything/anybody
facts are hard, allegations are easy. there’s plenty of factual evidence supporting fbi comment below
that’s why you rightwingers reject a fact-based world
I just spot spray if I need it. You want to focus on pre-emergents. Most of all, you want to get a nice thick lawn. Once you get to the thick lawn stage, it’s pretty easy to maintain. It’s just difficult getting there.
If you fertilize only once or twice a year, nothing wrong with what you are currently doing as there will be weeds competing. If you go high maintenance route, you should not be using weed and feed. Your lawn should really out compete the weeds under this kind of program.
Hold my beer says:
June 15, 2018 at 6:47 pm
Pumps,
What brand weed and feed do you use? I splurged and switched to Bayer for southern lawns a few years ago and it does a much better job than the store brand stuff I had been using.
I swear this is the truth. I so thoroughly ignore almost everything you post that I would have no way to dispute that you have been posting here for 5-6 years. I honestly would have no idea.
The Great Pumpkin says:
June 15, 2018 at 6:34 pm
If anyone is man enough to acknowledge it, tell the board how I called this exact labor and housing market since 2012/13. Just remember, this only the beginning of the most epic economic boom cycle of your life. This was the perfect storm. It all came together.
Grim,
How often do you fertilize? I buy 1 bag for $45 once or twice a year
LOL. I want to start a GoFundMe page to get Pumpkin’s picture placed in an online dictionary next to the word “insignificant”.
I swear this is the truth. I so thoroughly ignore almost everything you post that I would have no way to dispute that you have been posting here for 5-6 years. I honestly would have no idea.
The Great Pumpkin says: