Glutton for punishment

From the Star Ledger:

Election 2018: N.J. voters OK $500 million for school security, water improvements

New Jersey voters on Tuesday approved a proposal to borrow $500 million to expand vocational schools and bolster security across K-12 school districts, according to projections from the Associated Press.

Voters were asked whether they support the Securing Our Children’s Future Act, a $500 million bond measure that also includes funding for county colleges and improving water systems in K-12 schools. It was the only statewide ballot question.

New Jersey’s Constitution requires that new state borrowing be approved by a majority of voters.

Proponents of the bond issue had argued career and technicals schools need to expand to serve more students. For every seat at the schools, there are 2.3 applications, and last year 17,000 students were turned away.

The technical skills gap between New Jersey’s workforce and industry needs is holding back the state’s economy, they said, while limited admissions are depriving students of training for careers in welding, clean energy, construction and logistics.

The $500 million bond issue is half of what New Jersey lawmakers wanted. Gov. Phil Murphy, a Democrat, cut it from $1 billion out of concern for the state’s already high debt burden.

At $1 billion, the nonpartisan Office of Legislative Services projected the new debt would add $57.5 million to $72.3 million in new borrowing costs every year through 2048, for a total of $1.7 billion to $2.2 billion.

State officials have not said how much $500 million in new borrowing would cost each year. New Jersey is one of the most indebted states and is paying more than $4 billion this year to service its debt.

This entry was posted in Demographics, Economics, New Jersey Real Estate, Politics. Bookmark the permalink.

158 Responses to Glutton for punishment

  1. grim says:

    Going to require an increase in sales taxes to service the debt.

  2. grim says:

    Was in LIC a few weeks back to meet with a client.

    Christ that place is packed tight, can’t imagine it post-Amazon.

    Anyone looking to buy in should have done it 7 years ago, commercially driven gentrification has long been underway.

    DC/LIC is great for the Northeast Megalopolis – the center of the world.

  3. grim says:

    I think that over the next 100 years the Northeast Megalopolis will expand to become the Eastern Seaboard Megalopolis, including Richmond, Raleigh, Charlotte and Atlanta.

    It could possibly stretch to Miami, probably be 40-50% of GDP, and unequivocally the single most important economic region in existence.

  4. 1987 Condo says:

    We WILL be the California of the East! (the whole coast!)

  5. D-FENS says:

    Miami will be underwater.

  6. grim says:

    I can’t imagine how California would sprawl through the central coast, it doesn’t feel the same at all.

  7. D-FENS says:

    Logistics might be a good career path for young people.

  8. D-FENS says:

    I’m curious to see how the new House of Representative governs now. These people have to produce budgets and legislation that keeps the country running. They can’t resist and investigate all day. They have to govern.

  9. The Great Pumpkin says:

    I can’t believe they passed this 500 million ballot question.

  10. The Great Pumpkin says:

    Good posts today. You pretty much can’t lose buying land in this area if you hold long term. Writing is on the wall. Amazon says so.

    grim says:
    November 7, 2018 at 5:50 am
    Was in LIC a few weeks back to meet with a client.

    Christ that place is packed tight, can’t imagine it post-Amazon.

    Anyone looking to buy in should have done it 7 years ago, commercially driven gentrification has long been underway.

    DC/LIC is great for the Northeast Megalopolis – the center of the world.

  11. The Great Pumpkin says:

    Amazon says a lot. They could have chosen Texas, or any of the other locations, but decided on the northeast. Now why? Writing is on the wall.

  12. The Original NJ ExPat says:

    I wonder where Essex is this morning? Probably puking into the blue wave.

    https://www.hunker.com/13423485/removing-blue-toilet-water-from-the-hands

  13. Fast Eddie says:

    What time does the blue wave arrive?

  14. 3b says:

    So much for the blue wave!!

  15. ExEssex says:

    I’m having breakfast with Robert Muller and making lots of popcorn. This is about to get goooood.

  16. ExEssex says:

    You guys missed the part about losing your Congressional majority .

  17. 3b says:

    NJ residents are morons to have approved that 500 million spending madness. Maybe they think it will make their houses worth more. And they will continue to complain about high taxes!!

  18. ExEssex says:

    A subpoena (/səˈpiːnə/; also subpœna) or witness summons is a writ issued by a government agency, most often a court, to compel testimony by a witness or production of evidence under a penalty for failure. … subpoena ad testificandum orders a person to testify before the ordering authority or face punishment.

  19. 3b says:

    LIC over Newark. That makes perfect sense.

  20. Fast Eddie says:

    beta male noun [ C ]
    uk ​ /ˈbiː.tə ˌmeɪl/ us ​ /ˈbeɪ.t̬ə ˌmeɪl/

    A man who is not as successful or powerful as other men. A man without a direction or career.

  21. The Original NJ ExPat says:

    Trump lost a hell of a lot less house seats than either Obama or Clinton lost in their first midterms. Better President, better outcome, I guess. Maybe time to for a relaxing drive in the car your wife made you buy, Essex. Pack extra tampons.

  22. ExEssex says:

    Hahahaha hahahaha Hahahaha hahahaha Hahahaha hahahaha Hahahaha hahahaha Hahahaha hahahaha Hahahaha hahahaha Hahahaha hahahaha

  23. Fast Eddie says:

    Oblammy got shellacked in the midterms. The republicans gained seats in the senate which is remarkable. You’ll see Pelosi, Waters, Schiff, Cummings and Nadler with investigation after investigation. Meanwhile, the economy gains strength and the left will have nothing left in 2020. It’ll be a sweep back to red and by that time, Ginsberg may be already dead and we add another seat in the SC. The senate rules. This blue nothing really knocked the wind out of the progressives.

  24. The Original NJ ExPat says:

    Zillow down 22%. I wonder if they made a mistake diversifying into manufacturing pancake batter in a can?

  25. ExEssex says:

    Hahahaha hahahaha Hahahaha hahahaha Hahahaha hahahaha Hahahaha hahahaha Hahahaha hahahaha Hahahaha hahahaha Hahahaha hahahaha

    Hahahaha hahahaha Hahahaha hahahaha Hahahaha hahahaha Hahahaha hahahaha Hahahaha hahahaha Hahahaha hahahaha Hahahaha hahahaha

  26. ExEssex says:

    Hahahaha hahahaha Hahahaha hahahaha Hahahaha hahahaha Hahahaha hahahaha Hahahaha hahahaha Hahahaha hahahaha Hahahaha hahahaha

    Hahahaha hahahaha Hahahaha hahahaha Hahahaha hahahaha Hahahaha hahahaha Hahahaha hahahaha Hahahaha hahahaha Hahahaha hahahaha

    Hahahaha hahahaha Hahahaha hahahaha Hahahaha hahahaha Hahahaha hahahaha Hahahaha hahahaha Hahahaha hahahaha Hahahaha hahahaha

    Hahahaha hahahaha Hahahaha hahahaha Hahahaha hahahaha Hahahaha hahahaha Hahahaha hahahaha Hahahaha hahahaha Hahahaha hahahaha

    Hahahaha hahahaha Hahahaha hahahaha Hahahaha hahahaha Hahahaha hahahaha Hahahaha hahahaha Hahahaha hahahaha Hahahaha hahahaha

    Trump is soooooo screwed now.

  27. exEssex says:

    Oh and the list of Shitbags from Scott Walker to Dana Rourbach to that scumbag Marriage Clerk in KY who are OUT on their assess is refreshing and cause to celebrate.

  28. No Habla Inglés says:

    I voted “NO” but New Jersey has a very high percentage of morons, and handout-seeking foreign nationals casting votes.

  29. MAGA2020 says:

    Right we’ve never heard that before.

  30. 3b says:

    But Menendez that fine honorable man has been re elected.

  31. No One says:

    Here’s a clarification: “Congress” is a bicameral legislature consisting of both the House of Representatives and the Senate. The Republicans lost control of the House, and now Congress is divided. Yet I heard the decrepit Pelosi babbling last night about Democrats now controlling “congress”. It doesn’t work that way, Nancy.

    Republicans did very little while controlling the House and Senate, nothing like the Obamacare cram-down. No legislation passes without both House and Senate approval. The House will soon create impeachment efforts that will go nowhere, because 75% of the Senate would have to vote in favor. A pickup of a seat or two by the Repubs in the Senate will take power out of the weak hands of the likes of Maine Senator Olympia Snowe. Next supreme court nominee vote may be made easier.

    Stock markets tend to like gridlock. Politicians rarely have good ideas, so not much new (and bad) will be passed by congress over the next 2 years.

  32. Bystander says:

    Certainly was blue wave in NJ, NY, PA. Staten Island turning blue was surprise. Senate flip was never going to happen. In all, about as expected. I think it just solidifies that Northeast voted on prop tax cap which hurt many people as well as white collar economy not so strong compared to hourly workers in red States.

  33. MAGA2020 says:

    Nj will continue to be a political backwater. That’s the bottom line from yesterday. Trump obstructionists and Obama acolytes aren’t the answer.

  34. No One says:

    That Menendez won easily is an indictment on the NJ population. But Hugin didn’t campaign well. I only really knew him as the “not Menendez”. Both mostly did attack ads, though Menendez also did some really misleading defense ads that kept on repeating clips of some tv “journalist” repeating “there’s no evidence”. I’m surprised I never really got a sense from campaign ads what Menendez really did. Libturd offered more information and a better case than the Hugin campaign did.

  35. Ottoman says:

    I know you’re super dense but I’ll try to explain, Democrats we’re not expected to win the Senate by anyone since most of the contests were in very red states with well documented republican led voter suppression efforts.

    Because of voter suppression, gerrymandering, and other Republicans tricks, Dems turn out had to outperform Republicans by 9 percent just to have an even playing ground and they did it.

    You should be worried that a political nobody nearly took a Texas Senate seat from the Republicans last night. The Senate map in 2 years strongly favors Dems.

    “The republicans gained seats in the senate which is remarkable“

  36. Ottoman says:

    Had more to do with gerrymandering and voter suppression. Dems outperformed the waves after Clinton and obama yesterday by significant percentages. Face it, Republicans can’t win without cheating and stacking the deck.

    The Original NJ ExPat says:
    November 7, 2018 at 9:26 am
    Trump lost a hell of a lot less house seats than either Obama or Clinton lost in their first midterms. Better President, better outcome, I guess. Maybe time to for a relaxing drive in the car your wife made you buy, Essex. Pack extra tampons.

  37. Ottoman says:

    Wonder if Dolt 45’s orange jumpsuit will match his hair?

  38. leftwing says:

    Otto, when you walk outside and look up what color is the sky in your world?

    Nothing earthshaking yesterday. Any surprises were on the margin.

    Long time friend’s sibling was elected to the House yesterday. Happy for that.

  39. MAGA2020 says:

    No one. You can only expect it to Get worse as the demographics change. There is a high tolerance for political corruption among the groups who are moving in. Many of the places these people are coming from lack the ability to manage their affairs.

  40. The Original NJ ExPat says:

    A college friend of one of my good friends was also elected to the House yesterday, Dusty Johnson, lone House seat from South Dakota.

    Long time friend’s sibling was elected to the House yesterday. Happy for that.

  41. The Original NJ ExPat says:

    Ottoman – Do you think you may have overfilled Essex again?

  42. Libturd...look me up in Costa Rica says:

    Well said By. Trumps idiocy and need to get back at the blue team probably cost him house control. The Righties here will try to spin this as a confirmation of Trumpmania, but the results were anything but that. The Dems clawed back some tough house seats. Frelinghuysen for example. How long was that seat red?

    The truth is, the best that could have happened IMO happened last night, sans the Menendez seat. You get gridlock in the house and nothing stupid (like Trump’s outright lies about pre-existing conditions under his stupid ass healthcare for the rich program) for a couple years. Though I can’t wait to hear Trump complain endlessly about the lack of House help for him to pass anything. He blew that option when he chose to campaign as a jack-ass.

    On the bright side, the divisive politics that are truly making America look stupid (which it is) might hit the back burner somewhat. I also think the results are exactly what the Market wanted, which should be nice. Time to dust off my hats.

  43. No Habla Inglés says:

    “Voter suppression” — that’s a laugh. Any concern about illegals voting in US elections?

    https://www.youtube.com/watch?v=veE5-O6wACw

  44. Fast Eddie says:

    Democrats we’re not expected to win the Senate by anyone

    No sh1t, assh0le. We all knew it. Most midterms pound the current sitting president as was the case with your do-nothing, bi-eared f.uck who talked and talked.

  45. Fast Eddie says:

    Because of voter suppression, gerrymandering, and other Republicans tricks, Dems turn out had to outperform Republicans by 9 percent just to have an even playing ground and they did it.

    Try again, p.ussy.

  46. Fast Eddie says:

    You should be worried that a political nobody nearly took a Texas Senate seat from the Republicans last night. The Senate map in 2 years strongly favors Dems.

    Just like a political nobody beat cankles two years ago. But to get to your point, riff-raff tends to multiply rapidly when hanging around the corner and doing nothing but getting high all day. You should walk the walk as a progressive loser and support your kind.

  47. The Original NJ ExPat says:

    Oh….I always wondered how Obama lost his super-majority that never passed anything. Thanks. Btw, does voter suppression = turning off your base so that your party suffers the greatest loss in power since Eisenhower?

    President Obama entered the White House with his party touting a 60 seat majority in the Senate and 257 seat majority in the House.

    https://www.quorum.us/data-driven-insights/under-obama-democrats-suffer-largest-loss-in-power-since-eisenhower/291/

    Had more to do with gerrymandering and voter suppression.

  48. Fast Eddie says:

    Oblammy’s legacy has already evaporated.

  49. MAGA2020 says:

    Oblammas legacy is a generation of thin skinned whiners.

  50. The Original NJ ExPat says:

    Did anyone that Obama campaigned for win?

  51. Libturd...look me up in Costa Rica says:

    Obama blew it when hope and change transformed rapidly into nope and the same when the Porkulous Bill was released. There was so much fat and gratitude payments in there it turned everyone off. He essentially wasted his mandate. He did pass the ACA, though I still think (and everyone already knows) that single payer is the only solution to health care. Trump’s learning the hard way that the current system can’t be reformed without having everyone purchase insurance (the healthy) to help pay for the majorly sick (pre-existing conditions).

  52. The Original NJ ExPat says:

    ^^^ That’s why HC stocks are up today. They know their profit model can’t be interrupted in the next two years.

  53. The Original NJ ExPat says:

    ^^^^ Luckily, I own over a dozen;-)

  54. D-FENS says:

    Much of eastern PA’s congressional districts appear to have gone to Democrats. NJ expats bringing their politics with them? Looks like they flipped 3 districts in eastern PA. Republicans flipped one in Western PA.

  55. Libturd...look me up in Costa Rica says:

    Let’s all move west of the Mississippi!!! I got Wyoming.

  56. D-FENS says:

    You are right to be optimistic, but the scenario is not the same.

    In this cycle, more Democrats incumbents were up for re-election…many in Trump Country.

    In 2020, more Republican incumbents are up for re-election…also many of whom represent states that went to Trump. It is also the year of a presidential election, so naturally there’s more turnout.

    “The Senate map in 2 years strongly favors Dems.”

  57. Libturd...look me up in Costa Rica says:

    In all honesty, the Dems should have done better and the Republican’s can rest a bit knowing that without a major party reformation, you’ll still be controlling the senate and most likely, the White House in 2020. The truth is, until the Dems come up with something new, as long as Trumpenomics works (which we’ll have to wait another year or so to see), the red team will be fine.

    And from my perch. There are still way too many Dems who DON’T GET IT. Though a few are showing some understanding. Probably about one in ten.

    How long before Trump blames everything wrong on the congress? I give it till February 1st.

  58. Libturd...look me up in Costa Rica says:

    Not sure why I possessed Republucans. Ignore my quick typing please as per usual.

  59. ExEssex says:

    Now you wants to take odds on Jr. getting indicted? Anti-establishment bidnessman that he is…. they’re gonna chip away at this guy. See the Market? It’s lost a year of gains the Orange idiot was crowing about. His mushroom must have retreated back into his body….

  60. D-FENS says:

    Party Time!

    https://twitter.com/NewsFallon/status/1059983876452425730

    @NewsFallon
    Follow Follow @NewsFallon
    More
    Among the supporters tonight ⁦@SenatorMenendez⁩’s HQ is Evelyn Arroyo-Maultsby, a juror on his federal corruption trial. She achieved some fame when she left the jury last year during deliberations to go on vacation. She would’ve voted for acquittal. ⁦@northjersey⁩

  61. ExEssex says:

    The seats. Possibly my favorite part of the BMW. The seats are superb.

  62. grim says:

    I forecast 6 years of gridlock.

  63. ExEssex says:

    Good. The Orange fool isn’t fit to lead let alone enjoy a free reign.

  64. grim says:

    Outmigration to Tx and Fl will turn them democratic in the next 8 years.

  65. grim says:

    Predict that the blue wave in NJ will negatively impact NJ as we now stand zero chance at increasing federal funding for projects.

  66. D-FENS says:

    Trump stated he would not work with a Dem house on any legislation until they stopped investigating him.

  67. Libturd...look me up in Costa Rica says:

    I think it was zero anyway if you saw Trump’s stand on ARC.

  68. Libturd...look me up in Costa Rica says:

    “Trump stated he would not work with a Dem house on any legislation until they stopped investigating him”

    Check mate. No progress coming for at least two years.

  69. D-FENS says:

    OMG…this is getting fun…

    “That’s enough, put down the mic”

    “CNN should be ashamed of itself having you working for them, you are a rude and terrible person”

    Trump to Acosta

  70. 3b says:

    Seems like the market is recovering nicely.

  71. 3b says:

    So people leave NJ because of the high taxes only to bring the same politics that lead to high taxes to other states.

  72. Bystander says:

    3b,

    Until fed raises again then prepare for drop. Amazing how prez and media have been trying to pressure Powell.

  73. LongTimeFollower says:

    Senate popular vote:
    Democrats: 40,558,262 (55.4%)
    Republicans: 31,490,026 votes (43.0%)

    Senate seats: Republicans +3

    How fair is that? When your popularity vote is %55 how can you claim a big victory! More people are against this administration than for. It is a big fallacy.

    I agree with Grim though and saw it first hand, in a decade FL and TX will be strong blue with migration and employment. Beto was not a fluke and with the right man, these two states could be impossible without voter suppression.

  74. 3b says:

    Bystander True. Although I am not convinced they will raise rates again this year.

  75. Comrade Nom Deplume, waiting for the fireworks says:

    otto,

    maybe I’m just dense and learned nothing from my Gov. degree and two law degrees, but how does gerrymandering affect a Senate race?

    This is a serious question so please, enlighten me.

  76. leftwing says:

    ^^^^LOLOLOL.

  77. Comrade Nom Deplume, eagerly awaiting Liberal Season says:

    Libturd,

    “Trump stated he would not work with a Dem house on any legislation until they stopped investigating him

    Check mate. No progress coming for at least two years.”

    Looks that way but I hope he pivots and comes at them instead of playing defense:. If I were The Donald, I would propose legislation and make them reject it, especially legislation that is tempting to red states but strengthens the Tenth Amendment; hold rallies in their districts and challenge them on legislation or their shortcomings; talk to employers in their districts (with Red state governors along for the ride); announce regulatory changes that hurt their districts and constituents; and fight their investigations tooth and nail and make them overplay their hand a la Kavanaugh.

  78. D-FENS says:

    In Otto’s defense, I read his comments to mean Democrats won in house races despite Gerrymandering.

    Comrade Nom Deplume, waiting for the fireworks says:
    November 7, 2018 at 12:55 pm
    otto,

    maybe I’m just dense and learned nothing from my Gov. degree and two law degrees, but how does gerrymandering affect a Senate race?

    This is a serious question so please, enlighten me.

  79. D-FENS says:

    something tells me that $500 million never makes it to the schools…

    Did you know that it goes into the general fund? Watch it disappear.

    grim says:
    November 7, 2018 at 12:29 pm
    Predict that the blue wave in NJ will negatively impact NJ as we now stand zero chance at increasing federal funding for projects.

  80. leftwing says:

    “…Trumps idiocy and need to get back at the blue team probably cost him house control….The Dems clawed back some tough house seats. Frelinghuysen for example. How long was that seat red?”

    Lib, credit where credit is due.

    The Dems broke the mold of treating a candidacy as an entitlement or reward for party fealty. It worked for the Tea Party, and the Dems this season in most of their flipped races picked exactly the candidate they needed.

    Frelinghuysen’s seat? Webber v. Sherrill?

    It was the definition of a state political insider versus a woman who graduated the Naval Academy, LSE (MS), and Georgetown (JD). She flew helicopters for 10 years out of EMEA. She left the Navy and reinvented herself as a lawyer with a career as a US Attorney. While raising a family of four kids.

    That seat could have bled red and it was going to flip to her without an incumbent.

    Vote for her? Fcuk that, I want to marry her.

    Credit to the Dems for going outside the box to even inexperienced candidates who were exactly suited to win their districts. It paid off.

  81. Libturd...look me up in Costa Rica says:

    I don’t think Kavanaugh helped the Republicans one bit. Lots and lots of blue women were elected last night. If Trump tried to rally in NJ, he would be boo’ed off the stage. Trust me, he’s smart enough to stay away (I think). Laying stupid legislation out there to be denied, I can definitely see him doing.

  82. Libturd...look me up in Costa Rica says:

    I pray Mikie does not get ruined like the rest of them. She’s definitely not a far lefty and really gets it.

  83. D-FENS says:

    Maybe….maybe not…democratic senators that voted against his confirmation lost their election….except Manchin from West Virginia…he voted to confirm and won last night. Consider that….trump won West Virginia by 31 points….

    Libturd…look me up in Costa Rica says:
    November 7, 2018 at 1:16 pm
    I don’t think Kavanaugh helped the Republicans one bit. Lots and lots of blue women were elected last night. If Trump tried to rally in NJ, he would be boo’ed off the stage. Trust me, he’s smart enough to stay away (I think). Laying stupid legislation out there to be denied, I can definitely see him doing.

  84. D-FENS says:

    She’s from Montclair…just sayin’

    Libturd…look me up in Costa Rica says:
    November 7, 2018 at 1:19 pm
    I pray Mikie does not get ruined like the rest of them. She’s definitely not a far lefty and really gets it.

  85. The Original NJ ExPat says:

    Montana was called for Tester.

  86. Essex’able says:

    12:55 well suuuh i’m Here ta tellya counselor maybe house a retaaawd lawyer.

  87. D-FENS says:

    Acosta got a little physical with Trump’s female aid when she went to take the microphone away…

    https://thefederalist.com/2018/11/07/watch-jim-acosta-prevents-female-wh-staffer-from-taking-his-mic/

  88. Libturd...look me up in Costa Rica says:

    “She’s from Montclair…just sayin’

    I wasn’t even aware. Her track record is impeccable and her non-anti Trump campaign was refreshing. A lot of Dems could learn from her. Of course, they won’t have her pedigree and grooming.

    Lookout for her. She’s no Corey Booker.

  89. Libturd...look me up in Costa Rica says:

    Acosta thing was stupid. Who cares?

  90. Yo! says:

    “DC/LIC is great for the Northeast Megalopolis – the center of the world.”

    Grim, center of world’s gravity has shifted from East Coast US to West Coast US. That is where all the tech companies thrive and where the wealth is being create today and into the future. Doesn’t mean pockets of East Coast won’t thrive, just the West Coast has overtaken the East Coast. This West Coast outperformance is obvious when observing home price data.

  91. Bystander says:

    “Of course, they won’t have her pedigree and grooming”

    Trimmed, waxed? I always thought winterbush for Ocasio-Coetez.

  92. Libturd...look me up in Costa Rica says:

    Landing strip for sure.

  93. D-FENS says:

    NJ Voters Vent After Menendez Re-Elected: ‘I Can’t Get Out of This State Fast Enough’

    http://insider.foxnews.com/2018/11/07/new-jersey-voters-vent-breakfast-friends-after-bob-menendez-defeats-hugin

  94. ExEssex says:

    Waaammmmp waaamp

  95. Essex says:

    1:35 West Virginia is an outlier in every sense of the word.

    Makes Mississippi look prosperous.

  96. D-FENS says:

    Sessions out

  97. Bystander says:

    Well, Pelosi means hairy in Italian so Castro in a leg lock below. Guessing this is Nancy’s swan song. She will fight Orange moron at every turn then resign. It will be ugly two years

  98. D-FENS says:

    Matthew G. Whitaker new AG

  99. D-FENS says:

    Pelosi and Trump already playing nice. Trump called her after the election and congratulated her. Pelosi spoke today and said she would work with him for infrastructure etc. Trump then tweets he would send some Republican votes her way for speaker if the hard left crazy democrats try any sh1t.

    NJ Democrats ought to pay attention if they want any money for infrastructure in this state. Knock off the resistance krap or all the infrastructure money will go to California.

    Bystander says:
    November 7, 2018 at 2:54 pm
    Well, Pelosi means hairy in Italian so Castro in a leg lock below. Guessing this is Nancy’s swan song. She will fight Orange moron at every turn then resign. It will be ugly two years

  100. Chuchundra says:

    Sessions out. Trump in full meltdown mode.

  101. Bystander says:

    D,

    I will give it one week before Nancy brings up tax returns. There is no way this will go well. Not 2019 at least. Dems need their pound of slimy, Orange flesh.

  102. The Original NJ ExPat says:

    This is usually when the Dems start the in-fighting. Like Essex suddenly turning on Ottoman and saying he wants to be the top for a change.

  103. chicagofinance says:

    It does
    https://tech.cornell.edu/wp-content/uploads/legacy/Cornell_Tech_Map_Revised_12_17.pdf

    3b says:
    November 7, 2018 at 9:18 am
    LIC over Newark. That makes perfect sense.

  104. Libturd...look me up in Costa Rica says:
  105. The Great Pumpkin says:

    Corporations do NOT make key location decisions based on taxes as Amazon now shows us again. Access to labor, markets, inputs, etc are more important. But they SAY it’s very important to get tax cuts and subsidies. Dont be fooled.

    “The choice of Long Island City, in particular, would serve as a rebuke to conventional wisdom that corporate employers are ditching high-cost cities for places where real estate is cheap and taxes are low or non-existent. New Yorkers in the highest tax brackets can pay as much as 12.7 percent in state and city income taxes. That’s way more than what workers pay in Dallas, another city reportedly in advanced negotiations with Amazon, where the state and local income tax rate is zero.

    “At the metro level, if they’re going to wind up in D.C. and New York instead of Atlanta or Dallas, they’re not going for a low-cost, low-tax, laissez faire environment,” said Jenny Schuetz, a fellow at the Brookings Institution’s Metropolitan Policy Program.”

    https://www.bloomberg.com/news/articles/2018-11-06/amazon-s-hunt-for-office-hubs-doesn-t-rule-out-high-tax-locales?srnd=technology-vp

  106. Blue Ribbon Teacher says:

    Of course they are going to land in D.C. They need to lobby washington to continue their growth and prevent washington from addressing any of the non-competitive advantages they enjoy.

  107. The Great Pumpkin says:

    Yo,

    Tell me again how the west coast is beating the east coast economy.

    “Google is gear­ing up for an ex­pan­sion of its New York City real es­tate that could add space for more than 12,000 new work­ers, an amount nearly dou­ble the search gi­ant’s cur­rent staffing in the city, ac­cord­ing to peo­ple fa­mil­iar with the mat­ter.

    The plan, which hasn’t been pre­vi­ously dis­closed, would give Google room for nearly 20,000 staff in the city, in­clud­ing those it has now—ri­val­ing the ap­prox­i-mately 25,000 jobs Ama­zon.­com Inc. is pro­jected to add if it com­pletes plans for a ma­jor new of­fice in New York.”

    https://www.wsj.com/articles/google-plans-large-new-york-city-expansion-1541636579?emailToken=c8e40c06585ceb5909a39d6aa4b2a7d6ttfU63N9jpoQ8PvjUO8SuOtACRGM6M22hHVFSJbLSWFrVHHNszH09c6dI+jnr4CGciYqkoK15BV18ndQMLRbwyzSHNc4C8PsEIWRL9nm5cg%3D&reflink=article_copyURL_share

  108. Libturd, rape trainspotting like Kavanaugh says:

    D-F,

    That interview with the venting NJ voters was embarrassing.

  109. chicagofinance says:

    Listen to this fcuker get cornered speaking stupid sh!t.

    Start at roughly 18:50 of 37:46. Tom Keane and John Ferro don’t let him double talk. Ferro nails him right at 20:00.

    Finally at 21:00 they give him the “you are useless – goodbye.”

    Robby Mook, Hillary Clinton’s 2016 Campaign Manager, thinks Democrats need to focus on delivering results to those who elected them.

    The Democrats have no plan, no agenda; they have nothing; embarassing.

  110. The Great Pumpkin says:

    Super size it?

    Senior Citizens Are Replacing Teenagers as Fast-Food Workers

    https://apple.news/APacf6oDbQV6P4Iu2giw9aw

  111. No One says:

    Chifi,
    John Ferro is actually pretty good. My wife listens more than me, she tells me he actually has corrected Tom Keane’s liberal fantasies a few times as well. Financial journalism generally has moved left along with their young reporters. The FT has moved further left editorially. The Economist has moved to center left from pro-market over the past 20 years, but especially during the past 5 yrs. WSJ is the last remaining newspaper retaining a rightward slant, Forbes too but that magazine is fading intellectually as Steve Forbes ages without new thinkers stepping up.

  112. The Original NJ ExPat says:

    What a loser Mook is. I have a feeling, since it is a podcast, they just edited out whatever else he said, though it is pretty funny that it sounds like they just hung up on him.

    Listen to this fcuker get cornered speaking stupid sh!t.

    Start at roughly 18:50 of 37:46. Tom Keane and John Ferro don’t let him double talk. Ferro nails him right at 20:00.

    Finally at 21:00 they give him the “you are useless – goodbye.”

    Robby Mook, Hillary Clinton’s 2016 Campaign Manager, thinks Democrats need to focus on delivering results to those who elected them.

    The Democrats have no plan, no agenda; they have nothing; embarassing.

  113. OrangeIdiot says:

    I will try not to gloat.

  114. Bystander says:

    “Corporations do NOT make key location decisions based on taxes as Amazon now shows us again”

    Not when your stock price is 1700 a share, dolt. You think FoxConn moves to Wisconson without the $10B in subsidies?

  115. MAGA2020 says:

    I thought the blue wave thing was total bs until I saw mcarthur go down. His opponent is probably the least qualified politician I’ve ever seen elected at any level and is allied with the extremist wing. Just mind boggling but nj has been known to spite itself before. When the rest of The country is looking for moderates nj moves hard left.

  116. chicagofinance says:

    I heard the interaction live on the radio Wednesday AM. No editing. That is exactly as it was broadcast…… I went and found it later in the day because it was so notable.

    The Original NJ ExPat says:
    November 8, 2018 at 5:08 am
    What a loser Mook is. I have a feeling, since it is a podcast, they just edited out whatever else he said, though it is pretty funny that it sounds like they just hung up on him.

    Listen to this fcuker get cornered speaking stupid sh!t.

    Start at roughly 18:50 of 37:46. Tom Keane and John Ferro don’t let him double talk. Ferro nails him right at 20:00.

    Finally at 21:00 they give him the “you are useless – goodbye.”

    Robby Mook, Hillary Clinton’s 2016 Campaign Manager, thinks Democrats need to focus on delivering results to those who elected them.

    The Democrats have no plan, no agenda; they have nothing; embarassing.

  117. chicagofinance says:

    It is troubling how badly left leaning Bloomberg the network is. I think as a long timer, incredibly experienced and witty man, Keane is a pragmatist and centrist. However, he is under order from Mikey himself to toe the company line as expressed in the the billionaire’s vision. Surveillance is literally the best media content out there bar none, but the rest of the radio (except David Wilson’s sound bites) is unlistenable and the video channel is useless.

    No One says:
    November 8, 2018 at 2:02 am
    Chifi,
    My wife listens more than me, she tells me he actually has corrected Tom Keane’s liberal fantasies a few times as well. Financial journalism generally has moved left along with their young reporters.

  118. MAGA2020 says:

    employees pay those income taxes not Amazon. Amazon got huge incentives in both my and va. That reporting is bogus. My guess is that these locations were pre determined like many others have said and the whole search process was a means to extract tax credits.

  119. chicagofinance says:

    It is hard to comprehend, but look at this advertisement for WSJ subscriptions.

    It is one of the few oases of objectivity out there now, withstanding its conservative bent. So disappointing this reality….

    ★ Elections 2018 ★

    Understand the Impact

    At a time when partisanship is at its peak, one newspaper is the most trusted across the political spectrum. Get the objective insights and in-depth analysis you need to understand the election and its impact on global markets and business.

    Join Now: $1 for 2 Months

  120. No One says:

    Tom Keane isn’t terrible, he at least is willing to listen and engage with people with ideas from across the spectrum, even though I think his actual beliefs are a standard mishmash of whatever the NY Times embeds in him (Keynesian liberal). So I can bear him. But Jon Ferro has definitely been a welcome addition. Keane alone would have never stood up to Mook’s disinformation. Which means Jon Ferro is unlikely to be promoted further at Bloomberg, and could even lose his job someday.

    What really worries me about the future is my fear that 99% of journalism school grads are coming out as leftists, and every publication will be eventually swamped by their groupthink and agenda. WSJ should hire pro-market economics and business school grads and teach them how to write.

  121. Chicago says:

    The post-election liberal nightmare begins in earnest
    https://nypost.com/2018/11/08/ruth-bader-ginsburg-breaks-ribs-in-fall/

  122. Fast Eddie says:

    ChiFi,

    Just saw that about Ginsburg. I can hear the gasps and shrieks by the left.

  123. DeezNuts says:

    POTUS completely unhinged at his presser yesterday.

    That should be everyone’s nightmare. He’s nuts.

  124. D-FENS says:

    I thought it was fantastic. I never laughed so hard in my life.

  125. Fast Eddie says:

    Landslide reelection in two years. The leftist media uses a powder puff approach on their own candidates and elected officials.

  126. Deez says:

    The White House is accused of using a video of CNN’s Jim Acosta doctored by the conspiracy-theory outlet Infowars as justification for suspending the journalist’s press pass on Wednesday.

    Acosta, the chief White House correspondent for CNN, was engaged in a tense exchange with President Donald Trump during a press conference at the White House when a White House intern walked up and tried to take the microphone away from him. Acosta held on to the microphone and kept trying to question Trump.

  127. MAGA without Boomers says:

    MAGA what you miss is, that if you were to look at both parties in 1975 vs 2018. The Dems would be considered Republicans and the Republicans would be considered a bunch of right wing extremist.

    Whether missed or intentionally, what no ones wants to talk about except the Thomas Franks or so https://youtu.be/ibDX92b5cnY Is that the Clintons sold out everyone.

    Even now, you are seeing a push to ensure that Pelosi does not come back as speaker. The mood is you boomers had your time, now go into a retirement home and eat your soylent green. Of course the boomers think they are the center of everything and everyone and refuse to leave the stage.

    So it is not NJ moving hard left. But NJ and everyone else correcting themselves to where they were supposed to be before the map got changed by the crooked Clintons.

    MAGA2020 says:
    November 8, 2018 at 8:50 am

    I thought the blue wave thing was total bs until I saw mcarthur go down. His opponent is probably the least qualified politician I’ve ever seen elected at any level and is allied with the extremist wing. Just mind boggling but nj has been known to spite itself before. When the rest of The country is looking for moderates nj moves hard left.

  128. The Great Pumpkin says:

    For a so called man of logic, you don’t even question why this is happening? It’s called evolution. These people are highly intelligent, and why are they all abandoning free market capitalism as the long term answer to society’s economic system? They see the future and they see the enormous flaws of applying free market capitalism to this future. What worked for the 1800’s and 1900’s, will not work in 2050. Automation will become much too efficient. Human labor will never be needed on such a massive scale again.

    On top of that, repeating the same mistakes over and over is stupidity. That’s another reason economists are abandoning free market capitalism as the long term answer. The flaws are huge. The system literally creates Wars and divides society. If you don’t think we can do better as a species, you are ignorant and have no imagination.

    No One says:
    November 8, 2018 at 2:02 am
    Chifi,
    John Ferro is actually pretty good. My wife listens more than me, she tells me he actually has corrected Tom Keane’s liberal fantasies a few times as well. Financial journalism generally has moved left along with their young reporters. The FT has moved further left editorially. The Economist has moved to center left from pro-market over the past 20 years, but especially during the past 5 yrs. WSJ is the last remaining newspaper retaining a rightward slant, Forbes too but that magazine is fading intellectually as Steve Forbes ages without new thinkers stepping up.

  129. MAGA2020 says:

    Acosta is not a journalist he’s an activist. CNN is not news. It’s propaganda. They lost the presidency. Why entertain their agenda at all?

  130. JCer says:

    I called it about a month ago, I said the decision was between DC and NYC metro and was fundamentally being driven by the Government and Finance being prime targets for AWS and technology outsourcing in general.

    Given how abysmal both the government and banks have been with tech implementations, Amazon could make a killing in that market. In order to do that they need two things on the ground sales people and engineers, both offices are about selling AWS which is the new big growth business for Amazon.

    What surprises me is that they didn’t pick Newark with all of the incentives and the ability build a campus they simply won’t get in LIC(LIC isn’t much better than Newark and isn’t likely to gentrify the same way). If you were going to go to NYC, Manhattan seems more logical, in general it is easier to get the talent to come to Manhattan and in general it seems technology people(suburban folks…the younger kids are in Manhattan or Brooklyn) favor Jersey over NY in my experience. Almost every tech team I’ve been on 85% of the technology folks live in Jersey. I’m actually continually surprised how many people I meet who are in technology or software in NJ.

  131. 3b says:

    Acosta was wrong. He made an assertion rather than ask a question. Press conferences are to ask questions not debate the President whoever he or she might be.

  132. FUMaggats says:

    I’ll laugh when these indictments start rolling in. Trump knows he’s screeeewed.

  133. chicagofinance says:

    I’m from Queens and take majot umbrage with comparing LIC to Newark….. LIC is just a neighborhood…..Newark is a cesspool and a financial black hole.

    LIC is 10x better than JC or Hob because of the complete integration of the subway system into the neighborhood….. the Cornell Tech campus is almost walking distance away…. I’m sure a small ferry will be installed in short order….

    Not happy LIC got pick over Newark, but I can completely see why.

    Williamsburg is bleeding up into Greenpoint and it is just a stone’s throw to LIC….

    JCer says:
    November 8, 2018 at 10:32 am
    What surprises me is that they didn’t pick Newark with all of the incentives and the ability build a campus they simply won’t get in LIC(LIC isn’t much better than Newark and isn’t likely to gentrify the same way).

  134. 3b says:

    LIC is a far better choice than Newark and it’s easily accessible by subway. As well it has the NYC cachet which Newark and NJ will never have.

  135. Fast Eddie says:

    I’ll laugh when these indictments start rolling in.

    FISA warrants, dossiers, the Clinton/Obama connection… all up for investigation now. And the fake Russia thing is about to get its brains beaten in because the new AG doesn’t have to recuse himself. You wanna f.ucking play?

  136. Fast Eddie says:

    Newark was never an option. The came, they saw, they left.

  137. Juice Box says:

    Lol – 69 yo man sues to change his records because he “identifies” as 49. Claims he feels 20 years younger and doctors say he has a body of someone 20 years younger!! His reason? More success on T@inder. Hahahaha hahahaha
    https://www.telegraph.co.uk/news/2018/11/07/dutch-man-69-identifies-20-years-younger-launches-legal-battle/

  138. JCer says:

    Chi Newark has something like 3 college campuses, an NHL arena and tons of derelict vacant land/buildings waiting to be redeveloped. It’s no longer a matter of if with Newark it’s when. Newark is corrupt but NYC cannot get out of it’s own way when it comes to redevelopment. Just look at how badly LIC has lagged JC in development(and what has been done is simply not as nice as what has been done in JC, Hob, or Brklyn). On the Jersey side they ave managed to build out entire neighborhoods in places with no transit….think about that. When you couple the choice of sites for a campus, the existing Amazon presence and the billions in incentives Jersey was going to kick in it becomes difficult to logically pick someplace else in the region unless you are picking Manhattan.

    Also the WS datacenters are in NJ almost exclusively.

  139. joyce says:

    JCer,
    What do you mean when you say there’s no transit in Jersey City?

  140. texting says:

    Would you buy a split level new house in narrow lot but very well built

    3B , whatz your take?

    https://www.trulia.com/p/nj/lyndhurst/107-fern-ave-lyndhurst-nj-07071–2006140242

  141. ExEssex says:

    11:33 maga fagg@t FTFW

  142. JCer says:

    joyce, I’m talking about outside of downtown and journal square. I’m talking about northern hoboken, weehawken, jersey city heights. There are buses and maybe the lightrail but it seems that cities are sprouting up

    Newark in it’s current state is a tough sell but moving in a big tech co like amazon would accelerate the process.

  143. Bystander says:

    Update: Brothers pig of a realtor just had him lower house to 10k less than he paid for it with her “expert market knowledge” back in late 2009. He will lose $100k on this place. Market is $hit in CT.

  144. Blue Ribbon Teacher says:

    Pat La Frieda moved his business across the River from NJ because his trucks were racking up hundreds of thousands of dollars in parking tickets just picking up stuff at his own damn warehouse. I’m surprised a lot of other places don’t move out of NYC. Probably only a matter of time.

  145. Blue Ribbon Teacher says:

    Acosta was being a jerk. Trump took plenty of questions, answered them all, and Acosta was acting like he was the only person in the room.

  146. The Original NJ ExPat says:

    Ruth Bader Ginsburg suffered 3 broken ribs in her office. Democrats claim that Kavanaugh was on top of her and Gorsuch was in the room laughing.

  147. 3b says:

    Texting I am not familiar with Lyndhurst save to say it’s a good NYC commute. Schools are supposed to be decent. Most are over rated anyhow in my opinion. Taxes are better than the so called more upscale towns as well.

  148. 1987 Condo says:

    Lyndhurst house-just review Flood situation

  149. MAGA2020 says:

    Esx is angry because his warped world view has been repeatedly repudiated. His forced to be referred to by such hurtful words as man, husband and dad for at least the next two years.

  150. No One says:

    Ok people, remember that Ginsburg is a human being. Nobody should take joy in her decline and illness. That’s just sinking to the level of Kathy Griffin and the radical SJWs.

  151. Comrade Nom Deplume, armoring up says:

    No One,

    Just after Scalia died, I was at a labor conference and Rep. Norcross was speaking. He referred to a SCOTUS decision of interest to the crowd and said something to the effect of “now if we could just get three more deaths . . .”

    I don’t think he meant Ginsburg, Kagan and Sotomayor.

    Gloves are off now. The right has woken up to the fact that to beat the left, you have to fight like the left. I am looking forward to the first fistfight in the well of the House since Lyon and Griswold went at it.

  152. Comrade Nom Deplume, jonesing for retirement says:

    Juice,

    “Lol – 69 yo man sues to change his records because he “identifies” as 49. Claims he feels 20 years younger and doctors say he has a body of someone 20 years younger!! His reason? More success on T@inder. Hahahaha hahahaha”

    I hope he succeeds. Then I will self-identify as 67, get a court order to change my birth year, then start drawing social security and taking distributions from DB plans

  153. joyce says:

    Said by partisan’s and children everywhere.

    Comrade Nom Deplume, armoring up says:
    November 8, 2018 at 5:26 pm

    Gloves are off now. The right has woken up to the fact that to beat the left, you have to fight like the left.

  154. texting says:

    3b/1987 Condo,

    Thanks guys. Its just outside of flood zone. So I’m OK with it. It is a good commuter town. We live here and are Ok with schools.. Just wondering a split level house, should I be concerned. In terms of marketability in future if needed..

  155. ExEssex says:

    3:49 shadddup stoopid

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