From the Star Ledger:
American Dream mega mall owners default on loan. Lenders to take stake in its other properties.
Lenders behind the American Dream mega mall project are in the final stages of taking a 49% stake in two other malls owned by developer Triple Five that were used as collateral for a $1.2 billion construction loan in New Jersey, the Financial Times reported, citing people involved in the deal.
The loan that was defaulted on is held largely by JP Morgan, along with Goldman, Starwood Capital, CIM Group, Soros Fund Management, Wafra and iStar. The restructuring, the Financial Times reported Friday, was expected to close as early as “this week,” although the process has been complicated by the number of lenders and could be delayed.
A spokesperson for American Dream declined to comment.
The cash crisis at American Dream came to light earlier this month when Kurt Hagen, senior vice president of development for Triple Five, told a joint meeting of the Bloomington, Minn. city council and its port authority that the pandemic created a “very significant cash flow crisis” for American Dream and that collecting on the collateral was “likely to happen.”
Hagen described the collateral pledge as an indirect ownership interest that does not include any assets or Mall of America property. “It simply means that once we return to profitability, 49% of those profits would go to the American Dream lenders until such time as that collateral is released,” Hagen said.
The developer has also filed a lawsuit against a prospective tenant for breach of contract because it failed to open two eateries. And construction companies have filed nearly $41 million in liens against Triple Five, saying they are owed for work performed at the site.
Frist
First
Second
More like America nightmare.
Is it at least powered by green technology? Are there banks of charging stations so I can recharge my electric moped while I ski indoors in July and then eat food from six continents while I post tiktok videos of sustainability?
Fast, try the guys below. Call them directly. You are overdue for your shot, you are Group 1b or whatever the fcuk the idiots in government called smokers, obese, cardio, etc in January. Tell them that affirmatively if they ask. They’re part of Atlantic.
Riverside Medical Group
Route 22, Springfield
973-376-4341
HMB,
Well, you could fly or drive to a place to ski, that’s using fuel. Or calling Uber Eats to have someone drive 10 miles for you to have your exotic food delivered to your oversized pannus.
leftwing,
Thank you. I assume I’ve given this forum the impression that I’m the male version of an overweight, artery-clogged, cough-hacking Karen? lol!!
NJ received a huge allocation this week, should get much easier to get a shot going forward.
I heard NJ got 500,000 this week.
Newark FEMA site is now open, setup for 6,000 jabs a day.
Is that 500k what was expected or more because we have the worst transmission right now? If it’s the latter, hooray for actually making rational data based decisions.
For everyone who thinks they are bulletproof.
https://nypost.com/2021/03/31/covid-19-after-getting-of-vaccine/
She was a teacher. I’m not surprised she was so clueless. I’ve been vaccinated for over a month. I haven’t changed a thing about how I’m living. At the end of the Summer perhaps, but not yet.
9:55 correction a “secretary”…..school secretaries think they are more important than any teachers though.
Someone explain how these shitbag republican politicians from Ivy League schools get off pretending to be “every man” while they parade their stupidity around for all to see?
Kind of makes one wonder what type of sick joke the ivies have become.
Given how terrible the general population is at following simple mask and social distancing guidelines, what % of people do you reckon will not follow through with getting the second dose of the Pfizer or Moderna vaccines? Is this being tracked? And how will this impact the ability to achieve herd immunity?
Wood’s adherence to her investment approach despite the movements of the broader markets could be a double-edged sword, said Lisa Shalett, chief investment officer of wealth management at Morgan Stanley, who has known Wood for over 30 years.
“She’s a gifted, brilliant portfolio manager because she is so committed and disciplined to her style and rides the rollercoaster of the markets because sometimes that style goes out of favor and sometimes that style has spectacular bear markets,” she said.
Some investors and analysts said that Wood remains correct in her bullish outlook despite the short-term hiccups.
Dan Ives, an analyst at Wedbush Securities, said higher bond yields and inflation would have less of an effect on the technology and growth stocks in Wood’s portfolio than the market expects.
Wood has “been dead right over the last three to four years,” said Ives.
https://apple.news/AVIapxkx4Rq2mYJ4WPhTkQw
Yeah pretty clueless teacher. Also it could have been another person at the party spreading it. I know in our work group someone retested and showed up positive with no symptoms and with antibodies. Never got a clear answer as to why they needed to retest themselves 2 months after covid
https://www.nj.com/traffic/2021/03/new-york-gets-green-light-for-new-congestion-pricing-tolls-itll-cost-nj-drivers-more.html
I have been in midtown a few times the last couple of months. There are so little cars that I don’t have to wait for the light to cross. What else can they come up with to drive more people out of the city?
10:16 *secretary
Additional studies now say it’s closer to 90% and you can still get a mild case. Chances are for the vaccinated no ICU and breathing tubes down your throat to keep you alive.
https://www.statnews.com/2021/03/29/real-world-study-by-cdc-shows-pfizer-and-moderna-vaccines-were-90-effective/
RC,
Well that cements work from home for me.
Another $3,000 in tolls to drive in? Forget about it.
RC: It won’t matter going forward many of those NJ people won’t need to commute into the city any more. They will be at home.
Only 7 houses for sale in my town, the shelves are bare!!
Lib : Between the train ticket and Path, I am saving 300 bucks a month.
Just got a change to my AMEX account. Penalty APR is now 30%. Not that I’ve ever paid it, but I bet a lot of people are about to feel the full brunt of it. Last time I saw this kind of stuff, the financial crisis occurred.
Don’t worry, there is no depression coming.
finishing up a project near hudson yards. I left jersey city at 8:30 for a 10am meeting. Arrived in hudson yards via the Lincoln tunnel by 9:00. Zero traffic. It was like driving through paramus on a Sunday morning. (Que up all the blue law grumblin posts)
Really hoping the federal minimum wage gets bumped.
That’ll ensure I stay extra busy through any downturn.
First, acknowledge that you are done with your career. You are not ambitious anymore. So you will not understand this.
Anyone that is ambitious will be going to work in person. Then like lemmings, people will see that the individuals that go into work are getting promotions while the people at home are not. Then they will all want to work in person for the opportunity it presents to their career. Just let play out..
“For younger workers just starting out, there is also a cost.
It’s nearly impossible to cultivate relationships over Zoom, Slack or Microsoft Teams and the same goes for connecting with a mentor — something that has proven to be especially beneficial over the course a career.
“For a new person, it’s much more difficult to establish close and strong connections,” said Kevin Davis, founder and executive director of First Workings, a nonprofit that helps low-income students in New York secure paid internships and mentorships in the business community.
“That’s the sort of social capital that money can’t buy.””
“Davis advises younger workers to jump at the chance to return.
“If and when those companies do go back, I suggest they get into the office as fast as they can,” he said.”
3b says:
March 31, 2021 at 10:30 am
RC: It won’t matter going forward many of those NJ people won’t need to commute into the city any more. They will be at home.
3b, of course you are. I’ve been talking about how expensive it’s gotten to commute by train for years. The truth is, a carpool of two is cheaper than the train. A carpool of three is cheap. If you could manage to get four in the car, it comes down to about $10 per person round trip including some $4 a day for gas and maintenance. My commute was over $25 a day round trip via rail.
It’s pretty pathetic that trains that carry well over 1,000 people can’t be more efficient than a carpool of 4 even after paying $20 for parking.
Cue Pumpkin…..but…..losers!? Mental midgets…..!? WFH will cost you vIsIbIty.
As someone said earlier it’s an uncloaking device for the truly useless in any organization.
10:42 pumps —- in my first career I managed millions upon millions of dollars with human customs who called me every day. I never saw their faces. I never met them. Millions of dollars. My team and the CEO Steve Raymund even got our photographs in Forbes.
If people need you and your services they will gladly use zoom or walki talkies to do so,
Such obvious troll bait. Why do it?
Some people think wfh is here to stay, some don’t. We get it.
Sorry, the WFH workers will be treated like second hand workers. They will be the first to be fired and the last to be given raises or promotions. If you can’t see that, you are blind.
People who need https://youtu.be/fPlQ6EtArSc
10:47 again completely ridiculous. Metrics and Corp evaluations aren’t “like that”.
People will be continued to
Be reviewed in the 360 degree they always have. Lots of people and lots of numbers.
Go read a book.
The city is fvcked for more reasons than wfh imo. Namely it’s been handed over to the lawless. You can’t protect yourself but if you commit a crime you can be bailed immediately. The low level crime must be horrific but of course unreported. Old women being kicked assaulted in broad daylight. Enter at your own risk.
I agree to disagree. Sure, some things can be done over the phone, but would you buy a house or business over the phone?
You better have a lot of trust to risk your entire business with faceless transactions. Better trust your employees aren’t robbing you because you have no idea what they are doing if you never see them working in person. You have no idea who is at their house on their computer looking at your companies files.
ExEssex says:
March 31, 2021 at 10:46 am
10:42 pumps —- in my first career I managed millions upon millions of dollars with human customs who called me every day. I never saw their faces. I never met them. Millions of dollars. My team and the CEO Steve Raymund even got our photographs in Forbes.
If people need you and your services they will gladly use zoom or walki talkies to do so,
Who are you going to fire first? The person you have no relationship with, or the guy you see every day and have built a relationship with? Who are you going to promote first?
ExEssex says:
March 31, 2021 at 10:50 am
10:47 again completely ridiculous. Metrics and Corp evaluations aren’t “like that”.
People will be continued to
Be reviewed in the 360 degree they always have. Lots of people and lots of numbers.
Go read a book.
3b
Are you putting all your commuting savings into ARKK?
And you don’t need to concern yourself with that because you’ll be bowing down to the union and whatever they tell you to do. Jump how high? Please stfu about wfh.
American Dream . . .
I know mall-based retail is dying. I know NJ is over-malled. I know that the American Dream location is not necessarily the greatest (there are no neighborhoods immediately adjacent). I know it is located in Bergen County, so the blue laws will hit it every single Sunday.
Still, this project could have been ok. It was taking some swampland and some underutilized parking lots and building a productive commercial property. It could have been ok if the politically-connected didn’t take their pounds of flesh and the construction proceeded more quickly. It could have been ok if the negotiations from the first minute included a small equity stake for the NY Giants and Jets. It had a good idea in its focus on amusements in addition to retail.
They built 3m sq ft. It should have costed less, but let’s say it could have been built for $1b (way less if this thing had gone forward in the early 2000’s). To make a 7% net operating return (before debt service), you need to charge something something like $46/sq. ft./year (assuming 50% operating expenses).
Basically, if NJ government was not dysfunctinal, a RFP for this would have been created in the 90’s for the construction and operation of a mall in the meadowlands on government land, the government land would be leased for $1/year, some reasonable state-backed construction bonds would have been issued, some property tax subsidies would have been negotiated, the place would have been built by 2003 and by 2013, tit would have been an ok use of government funds. Not a great use. Not my preferred use. But, a long way away from being the worst mall-based real estate boondoggle in US history.
Lib; NJ Transit runs the trains every day, full schedule. I can hear them during the days at their regularly scheduled time. Seems they are running on time when no one is in them! 1 to 3 cars a day in the lot. No one is going back to the office.
You are one funny dude. Yes, get rid of mass transit, who needs it. No one is going to the city again. Everyone is just going to WFH. Lmfao.
3b says:
March 31, 2021 at 11:08 am
Lib; NJ Transit runs the trains every day, full schedule. I can hear them during the days at their regularly scheduled time. Seems they are running on time when no one is in them! 1 to 3 cars a day in the lot. No one is going back to the office
Someone should tell the govt to stop the infrastructure investment in NYC. It’s dead. Waste of money. We don’t need NYC, everyone is going to WFH.
Hold: That’s what the smart money is doing I am told!! Disrupting stuff!!
Crushed the bond deal was done a few years ago, structured as QIB only, 100M denominations. As soon as I saw it, I knew it was going to default. No surprise, it was a pig.
Either way on the phone or on zoom.
I’ve seen both sides of the coin. I do what you do a scan safely say I’ve been very effective this year. Crafted a curriculum from scratch, made new relationships and assisted in the futures of a number of students of varying backgrounds and ethnicities.
I’m happy to go back when it’s safe. For now we make due and work like hell to present good useable material to those who matter. Support those who need us. Yes parents have to step up and the kids really have to care. Other than that it’s the same game.
Go UCLA!
I’ve heard dollar cost averaging is the key to do well in those funds
3b says:
March 31, 2021 at 11:19 am
Hold: That’s what the smart money is doing I am told!! Disrupting stuff!!
News of Elliot’s release on parole prompted city union heads, including Detectives’ Endowment Association President Paul DiGiacomo, to blame local officials.
“When New York politicians and their parole board think it’s a good idea to release a murderer who killed his mother — they certainly can’t pretend to be surprised he brutally attacked a woman in Midtown,” he said. “It’s about time the City Council, State Assembly, and Governor be held accountable for their irresponsible laws and decisions. New Yorkers are clearly not safe because of them. They need to fix what they broke.”
Lieutenants Benevolent Association President Lou Turco added: “You can’t make it up. Do we need any more proof that the failed policies of our elected officials are leading to more New Yorkers being injured and killed? When are we going to hold our elected leaders accountable? Reimagine elected officials.”
BidenIsTheGOAT says:
March 31, 2021 at 10:53 am
The city is fvcked for more reasons than wfh imo. Namely it’s been handed over to the lawless. You can’t protect yourself but if you commit a crime you can be bailed immediately. The low level crime must be horrific but of course unreported. Old women being kicked assaulted in broad daylight. Enter at your own risk.
Just to be clear, without tenure and a union, you would benefit from WFH, because you would be fired first at a in-person job.
The Great Pumpkin says:
March 31, 2021 at 10:57 am
Who are you going to fire first? The person you have no relationship with, or the guy you see every day and have built a relationship with? Who are you going to promote first?
ExEssex says:
March 31, 2021 at 10:50 am
10:47 again completely ridiculous. Metrics and Corp evaluations aren’t “like that”.
People will be continued to
Be reviewed in the 360 degree they always have. Lots of people and lots of numbers.
Go read a book.
How can you long for the days of Billy Carter and Billy Beer?
https://nypost.com/2021/03/31/hunter-bidens-memoir-shares-tales-of-alcohol-crack-addiction/
I agree that the relationship person is important but don’t underestimate the “transactional” folks as well. The person who services the accounts day in and day out.
Trust me you need both.
That old woman wasn’t woke enough. If you complain about getting your head kicked in by a paroled felon you have privilege.
“It’s about time the City Council, State Assembly, and Governor be held accountable for their irresponsible laws and decisions. New Yorkers are clearly not safe because of them. They need to fix what they broke.”
I’ve been very vocal that my support for the police in general lands somewhere between joyce and Phoenix……but still…….
Yeah, this is going to make things better. At some point just take the cops’ weapons, give them powerwashers while they wait on the sidelines, and let them go to work pushing the remains down the sewers after everyone clears the crime scene.
https://www.nytimes.com/2021/03/25/nyregion/nyc-qualified-immunity-police-reform.html
Ending qualified immunity is a fantastic idea.
“Just to be clear, without tenure and a union, you would benefit from WFH, because you would be fired first at a in-person job.”
Every time I doubt that a real human could be so clueless and obtuse Pumpkin outdoes himself.
It’s truly remarkable if we think about about it. We are seeing one of Malcolm Gladwell’s outliers in real time. God knows he’s spewed at least 10,000 hours of stupidity on this blog alone to perfect his craft. He is exceptional on a Beatles-type level…few have any chance of achieving his level of ignorance and witlessness no matter how hard they may try.
They need to also end it for judges and prosecutors (they also have “absolute immunity” for certain things).
“Ending qualified immunity is a fantastic idea.”
Careful of unintended consequences….
And that caution is coming from someone who (as I’ve already shared) had the living sh1t beat out of him while cuffed in the back of a NJ police cruiser and a judge who dismissed the (fictional) charges against me provided I forfeit the ability to allege any claim in the matter…….
CrushedMillenial,
You obviously not old enough to remember.
NJ is run by 3 people. George Norcross -south Jersey power broker. Joseph DiVicenzo – Essex County power broker and the governor.
The deal at that time was to placate Newark mayor Sharpe James and Joey D, by killing off the Arena to public performances, allowing breathing room for the Prudential Center to be bonded and built. Sharpe went to jail because he sold his multiple girlfriends cheap City owned land, which they promptly resold to the developer with a sizeable mark up.
The under-riding success of the Mall was a given from the beginning. Everyone from politicians and developers though it was a golden goose that will keep laying golden eggs. Those eggs made shinier because the underlying support of public bonds. No one foresaw that it really had to be a competent competitor. It was akin to GM, Ford, and Chrysler building crappy cars in the late 70’s and 80’s and thinking they did not have to do better because what is the public going to do? buy cheap small japanese cars?
The original deal was meant to be political selfish altruism, the altruism part was a new Mall that paid for itself including the racetrack, which was killed off when the State tax support for the horse races went away, if the plan had worked, the horse racing industry would still be there.
The selfish part allowed the Prudential Center to be built, donor banksters to make a killing in the multiple bond floats, multiple connected people and donors getting consulting fees and contracts.
Ironically, the only thing left that is making money for the State Government is the Arena, as is being used for theatrical rehearsing, and movies and TV shows filming, is actually booked solid, even with the pandemic as it is a gigantic place.
One can say whatever they want about Guliani and Bloomberg, especially Rudy, as he is just bizarre now, but they did fix NYC. Di Blasio broke it. My brother lives on the upper west side and says it’s as bad now as it was in the 80s. Homeless everywhere, people taking dunks on the street. And dirty, and he is says it definitely has become unsafe. There is a whole generation of NY ers especially those blow ins from other parts of the country who have no idea how bad NYC was back in the day; now they know!
Anyone that is ambitious will be going to work in person ,/i>
Is that why you were arguing that your school shouldn’t have to be going back to in person instruction?
I agree, but we’re living with the unintended consequences from having qualified immunity now.
leftwing says:
March 31, 2021 at 12:09 pm
“Ending qualified immunity is a fantastic idea.”
Careful of unintended consequences….
Didn’t the ARKK poster say he was dollar cost averaging into it because it was such a sound long term investment, and then say he was withholding contributions because the share price dropped? Isn’t that like the opposite of DCA? A “buy high” approach, if you will. He should sell his remaining shares now to really double down on his strategy.
Then change his handle to Paper Hands.
Rudy and Bloomberg had the city as safe as it ever was. There was a 10 year period where I didn’t even think about crime when entering the city. My last trip was Christmas 2019, and I was blown away by how bad it was. It’s gotten much much worse since then. I still remember Bill D. badmouthing the police officers then they turned their back on him everywhere he went immediately after two of them were murdered. It was a warning sign of what was to come. No one could have predicted it would be this bad.
BRT:It started to decline as soon as Di Blasio took office. All of a sudden the homeless people were all over Herald Square again, one night when I was up there meeting my Brothers for dinner, then the panhandlers on the subway, and the litter, and dog crap everywhere, I guess from the hipster dog owners who feel cleaning up after their dogs is beneath them. And after Di Blasio is gone, it will be some other incompetent wack job who will take over. I am convinced companies are weighing the decline of NYC as part of the equation when crafting their WFH plans.
NYC, LA, to some degree Chicago south of division, are all in biiiiig trouble.
It is all about the about the Benjamin’s. Thus begins the first push for basic income. Watch.
I would argue Friends, Seinfeld and tech bubble had more to do with New York revival than any mayor. Glass Stegall repeal, securitization bubble mania kept party going for 8 more years. Since 2008, NYC has been living off dollar destruction/foreign money, cheap rates and industry bailouts to keep majority of economy going. The last decade has seen a lot of solid, middle class white collar finance jobs go elsewhere. People have been living off unsustainable NYC appreciation to float lifestyle. Fed has ensured day of reckoning never comes but last ones in are hurt the most.. younger folks so who gives a sh*t about them.
12:13 . . .
Thank you for the history on American Dream
NYC safety and policing . . .
I haven’t been wayching this closely, but my undertanding is that, right now, Andrew Yang is leading the polls for the June 2021 democratic mayoral primary. If he wins the primary, he will have a 99.9% chance to win the general (only question would be if some Dem challenger mounts a third party run and Yang gets embroiled in some big scandal).
If Yang becomes mayor, I think he rolls back the encroachment of criminality in NYC. Yang is far left on some issues (far left of the mainstream dem establishment on UBI, for example). But, Yang is not a looney lefty. His policies are grounded in data and he is not winning this election by wolf-in-sheepsclothes posing for the disaffected minority communities in nyc. I really doubt he overtly slaps the NYPD in the face, even if he is going to implement some policies they may not like. I really doubt he stands shoulder-to-shoulder, figuratively, with criminals, the way DiBlasio did during the summer of 2020 riots, and I don’t think a Yang administration would have dismissed the criminal charges against the rioters who were issued citations.
“Actually corporations are thinking of offshoring white collar jobs. They see WFH works and now have an opportunity to increase margins and share prices. Things will start moving next year.”
“My department went fully remote a couple years ago. At least half the work is offshore now and the onshore team is a fraction of its old numbers.
Corps exist to maximize profits. I don’t know why anyone thinks this ends with them just working from home.”
“Since the move to WFH last year, my company has shifted to hiring overseas almost exclusively. I’m at a big financial services company with offices in hudson yards. They figure if people are working remotely it’s cheaper to hire overseas and they don’t care if those employees have to work odd hours due to the time differences.”
https://www.reddit.com/r/nyc/comments/mfqhhl/comment/gsoxdpc?utm_source=amp&utm_medium=&utm_content=more_replies
Like I said, if you are working from home permanently; be careful, you might be permanently out of a job.
Bystander: Perhaps it helped , but Rudy and Bloomberg were key, a law and order guy and a successful businessman. Just look at what happened since that blow in doofus from Boston became Mayor.
DeBlasio is intent on destroying NYC, he was a disaster from day one yet NYers re-elected the POS. I remember going to work in Times Square when he was first elected and there was a snowstorm, Broadway was covered in snow without a plow in sight because he diverted them to the outer boros. The degradation is obvious next will be financial crisis from the mismanagement, he makes Dinkins look great. Meanwhile the Jersey Hudson coast looks like disneyland lots of redevelopment going on in Jersey City, the Kushners and Rockerfeller have bought up tons of land around Journal Square, it seems to turning the corner from poor immigrants to hipsters.
American Dream or Xanadu was a horrendous idea from the beginning. My dad and his partners tried to get the rights to redevelop the site, they thought the indoor mall was a terrible concept remember they tried an indoor mall in Secaucus in the 80’s which has the advantage of being open on Sunday. With Garden State Plaza, riverside square and Short Hills all within spitting distance your tenants weren’t going to necessarily take high priced space in a not yet established mall, so that would mean rent concessions(potentially based on sales), the construction cost would be high and the ask to have recreation as a key focus was another huge problem. Cabelas really wanted a store there and had they been able to start right away they would have taken a huge store, having cabela’s as an anchor and other large box retail would have been very profitable for the landlord, the other option would have been residential, office space was a losing proposition as well. Instead the government forced this idea and it has cost all of us money, either the land should have been used for recreational purposes or sold off for a profit. This process was a model of how not to do redevelopment. My dad called it as soon as it went down, he was like they won the selection process but the project is going to bankrupt anyone who gets involved
She didn’t die, didn’t go to the hospital. Nobody promised that vaccination would make people entirely invulnerable. It sounds like she had the equivalent of a mild cold. For that, people lose their liberty for at least a year of their life, and maybe the rest of their lives if single-issue experts run society in the future.
A ten year old has now spent about 20% of their remembered life under lockdown. This thing is a godsend to those who would have the US population reduced to one shackled mass, festering with hatreds against the other clans as each pressure group competes for their take of the government dole.
Before modern medicine, people got sick and died all the time. They didn’t shut down society for years over it. Now we take it for granted, and accept no exceptions. People should live like humans, not caged rats under the supervision of dubious lab-coated experts.
SP500 at 3,991 . . .
We might hit 4,000 for the first time ever today. I believe today is the first time we ever pierced 3,990. I feel like bulls have retreated from 4,000 many times over the last few months. Today might be the day.
Pumps works under one of the worst unions in the country. A union that is so incompetent that it is probably the most consistent bedfellow with the national and local government, yet their retirement liabilities are a dumpster fire and they are always last in line on the government soup line. Their product is having trouble keeping up with charters and private/parochial competition and most of their facilities are in the same condition as many of our bridges and tunnels. Yet somehow, he feels he is qualified to make judgements on corporate practices. You see, Pumps is clearly blinded and biased by the terrible policies his unions claim are for his protection. You see, in the private sector, people are remunerated by their performance. This concept is hard to grasp by those who would prefer not to work hard and be guaranteed pay raises, step increases and automatic bumps in pay from degree acquisitions from non accredited online colleges. Performance, in many cases, is frowned upon for fear of making the rest “look bad.” Yet we are asked to believe that someone who is satisfied with automatic (miniscule) annual raises with no guarantee of receiving a promised retirement (which he continues to pay into, I must add) benefit and yet continues to send in his union dues with regularity, is an expert in how things work in a profit driven business. Might I also add, this person lied to all of us about his career for years due to what one must assume is his embarrassment to be a part of!
“She didn’t die, didn’t go to the hospital. Nobody promised that vaccination would make people entirely invulnerable. It sounds like she had the equivalent of a mild cold. For that, people lose their liberty for at least a year of their life, and maybe the rest of their lives if single-issue experts run society in the future.”
You are so blinded by your politics. She had the equivalent of a mild cold due to the vaccine. She might have ended up dead had she not been vaccinated. Second, your math is wrong and what you call a lock down I call mild adversity, something our kids BADLY needed to experience.
In other news, Covid up to 4,586 here and positivity at 15%. Not surprised. We heard from our relatives in the UK that they are still locked down hard due to this variant. Of course, their government is not sending out checks to everyone. They are mainly supporting businesses so they can make payroll so only those who are suffering are helped. What a novel concept.
In other Covid news, heard from a friends company that there are no plans to reopen HQ in NYC until at least after the Summer and if so, expect a hybrid model for those interested in it.
My company is staying WFH. We had our best year ever from it. REALLY. Upper management has realized that by spending more time in online meetings, many more parts of our company have become exposed to each other who formerly were not aware of each other’s existence. Now teams in NYC are designing automated workflows for teams in other sites that they did not even know existed. Just this week, we terminated a contract with a large workflow automator when a new team was exposed to the project they were being paid to work on for us. This new team could easily design what this outside team was being paid to design. This shared knowledge would have been much more difficult to occur in the old model where few saw the inner workings of such a large company and focused almost entirely on the work being performed in the adjoining cubicles, let alone location. All of a sudden, your cubicle has become located everywhere. Not just on the 14th floor of a building on West 45th Street.
I am 99% certain we are not going back to the city.
Pumpkin…..
I worked from home for well over a decade. Of course, everyone knows what you are doing. Is the report done or isn’t it? Is the project you are assigned on track? (Bosses expect reports) Do you know what you are saying in meetings or are you lost? Are your e-mails clear and timely? Everyone knows what you are doing.
Libturd: Pretty similar on my end Lib. Lots more interaction with different areas that we never had before. Zoom meetings can be tiresome, but it’s a small trade off. The productivity is up, and the job is getting done, and done well. As you noted it would help the individual who is so hostile to WFH actually had some understanding as to what we do and how it gets done.
Libturd,
My politics is that government is my employee, not my dictator. And that every human being has the right to life, liberty, and the pursuit of happiness. Very much a minority view in today’s intellectual climate.
Yes, I think people should try to be safe, considerate, and not be stupid.
My main concern is that even after everyone who is willing to be vaccinated is vaccinated, this mentality that the government can control everything to protect society from any risk they choose, no matter how small, is going to entirely change the relationship between citizen and government. Massive “green” mandates and regulatory takeover. Mandatory “subconscious anti-racism” re-education. Abolition of all guns. Replace butter with even more dangerous margarine (whoops that was the 1980s experts).
“Will we go back to 100% of staff in offices 100% of the time? No. Will we stay full WFH? Also no.”
“We’ve seen that aspects of WFH work, but this doomsday “empty FiDi and Midtown” narrative that some people seem to be pushing is equally far removed from reality.”
“Me too. And you just know that, in 2-3 years time when we look back, much of this Chicken Lickenism is going to look fu!king stupid. It’s like last year when all the talk was of a “massive exodus” out of NYC. The media was so full of that sh!t that I still see comments on Facebook from southern Trump types saying things like “but everyone left your city, it’s a ghost town, nobody wants to live there.” They got this from reading bullshit overblown headlines about exoduses that were never subsequently followed up or corrected. There was never a “mass exodus” from NYC, I think less than 1% of people left. A few rich types relocated to the Hudson Valley, a few Millennials went home to mommy and daddy to WFH, big fu!king deal. The VAST MAJORITY of New Yorkers stayed put. You only have to walk around the East Village on a weekend to see how thriving it still is.”
“There’s a whole universe of losers who want nothing more than to see our city die. I don’t think there’s much more to it than simple jealousy.
Same people who always want the Lebron James’s and Tom Brady’s of the world to fail.
Because no matter where they’re talking their shit, it’s almost guaranteed to be from a place that’s inferior.”
https://www.reddit.com/r/nyc/comments/mfqhhl/nytimes_remote_work_is_here_to_stay_manhattan_may/?utm_source=amp&utm_medium=&utm_content=comments_view_all
I’m sticking to my gut. The city will not die. Offices will still be here. Majority of people are not going to 100% WFH. Hybrid schedules will be the only thing that comes of this. Yet, 3b and lib will continue their hysteria.
Where are the protests and riots against the killing of Muhammad Anwar?
Watch the actual video of those malicious 13 and 15 yo girls who “accidentally” killed him by trying to carjack his car. And after he died, they only cared about getting their iphone out of the car.
https://www.tmz.com/2021/03/28/teen-girls-kill-uber-eats-driver-in-car-jacking-washington-dc-mohammad-anwar/
Sorry, that video doesn’t fit the narrative of white supremacist race wars, so the brain-dead media briefly mentions it and tries to blame Uber Eats for not guaranteeing the driver’s safety. If not race, then blame business.
Both parties are out for the same thing. Enriching themselves. How they do it is through maintaining power. The red team supports guns and god. The blue team abortion and abolition. Not because either thinks one is better or worse for you, but because it’s what will get them the votes necessary to stay in power so that they can further enrich themselves.
This freedom loving, citizen vs. goverment relationship thing is a total crock of sh1t.
And if you truly believed that “every human being has the right to life, liberty, and the pursuit of happiness.” Well then maybe the party you love wouldn’t use the bible as a path and it’s mistreatment of gays as tenet of their platform. Of course, they can’t. Or they would not be able to maintain their power to enrich themselves.
Of course, we are all the enablers.
Yet so many of you hate teachers and claim they are overpaid.
“Yet we are asked to believe that someone who is satisfied with automatic (miniscule) annual raises with no guarantee of receiving a promised retirement (which he continues to pay into, I must add) benefit and yet continues to send in his union dues with regularity, is an expert in how things work in a profit driven business.”
Pump’s your MRI just came back. Her’s the result.
https://pbs.twimg.com/media/DTgMsqqW0AAVt4A?format=jpg&name=small
Am I supposed to keep buying into an obvious down trend? Let it find a bottom, which might be forming right now, and I’ll continue to dollar cost avg.
Anon says:
March 31, 2021 at 12:21 pm
Didn’t the ARKK poster say he was dollar cost averaging into it because it was such a sound long term investment, and then say he was withholding contributions because the share price dropped? Isn’t that like the opposite of DCA? A “buy high” approach, if you will. He should sell his remaining shares now to really double down on his strategy.
Then change his handle to Paper Hands.
Libturd,
You’ve got me mixed up with someone else. I’m an atheist with no love for the Republicans. It’s just that at every election, Democrats credibly threaten to take at least 10% or more of my income from me, while Republicans don’t, and instead make promises about abortion, bibles, etc, that I’m against but know won’t actually come into force. If I ever think that an anti-abortion theocracy is about to be established, I’ll promise to vote against it, ok? At least in Florida, my vote might actually matter. In NJ my presidential vote never matters.
Only Republican speechwriters ever speak about economic freedom, pre-Trump at least. Sure I know they don’t actually plan to implement any of that, as they have long in practice been craven caretakers of the welfare state, but I’d like to keep some of those speechwriters employed. Sure beats the intersectionalist neo-Marxism that’s the new lingo of 95% of current Democrat speechwriters.
Ironic that Bill Clinton probably threw more mommas off the welfare rolls than Regan ever did, but they still cheer for Billyboy in Harlem I think.
https://www.youtube.com/watch?v=M0YmzNsQDDs
If you remember this incident, this was about the turning point (not the cause as it was an isolated incident) for NYC’s issues. It was very symbolic though and it was all downhill since then.
Pumpkin,
How many dollars do you have left to average?
Just keep tapping your ruby slippers together and repeat “dollar cost average disruptive innovation”. Then your fairy godmother Cathie will make you whole.
Pumps, you ever notice how BRT isn’t constantly crying about people hating teachers but you are? Suggests some kind of self-esteem issues.
Most people understand that there are some great teachers and some bad ones. Some unusually insightful people understand that the union is primarily working for the bad ones, and to perpetuate a system where their lousiness is protected and rewarded. It’s psychologically very difficult to be happy in a line of work that you aren’t actually good at. Unless you have a terminal case of Dunning-Kruger, which I diagnosed for you years ago.
BRT is the one bashing teachers. That’s why you guys love him. Oh how you enjoy his bashing of unions and the profession.
You guys are so disrespectful to the teaching profession and don’t even realize it. I don’t know why, but you have to ask yourself that.
Why do you hate teachers? Why do you hate that they belong to a union?
Yes No One, that is the concept. If you were vaccinated and you experience mild symptoms that’s fine, hell even bad symptoms are fine provided I don’t need a hospital and there isn’t long term damage. If that is indeed the case lets vaccinate and get back to normal. People have gotten sick all the time for thousands of years, only recently have we gotten to the point where most everyone recovers. If this thing isn’t going to kill inordinate numbers of people after we vaccinate lets get on with our lives.
Lib don’t lump libertarians with republicans. They are all about not interfering in anyone’s life including gays. For the most part they steadfastly wish to eliminate most of the government. Rightly or wrongly they have a consistent position and very little in the way of actual proponents. Libertarians will almost universally vote republican because they are the only thing standing in the way of government expansion(the military and crony capitalism is pretty much the same under the leadership of either party).
No one is actually right that republicans are dishonest and do not wish to achieve their bible thumping agenda, it’s a tool to rile voters much like trumps xenophobic rhetoric or the dems kind of sort of fixing things for various groups through the courts but never actually firmly establishing their platform in the law so they can always have the rallying cry “your rights are at risk”. You are a pawn in their game, a necessary evil, the voter, your well being means nothing they just need to manipulate you to action. They use levers to do this be it your religious beliefs, $exual orientation, economic status, or race.
Bill Clinton was successful because he abandoned core Democrat beliefs and policies in his second term. His policies were relatively good for the wealthy and bad for those on the dole.
No One, on the carjacking gone bad. This is the issue, Democrats go out and say white supremacy, racism, and police brutality is “THE PROBLEM” but this situation you are seeing is actually the biggest problem facing inner city minorities. Normally the victim isn’t a muslim Uber driver or a white person, normally it is another person living in the neighborhood, victims of violent teens and gangs. There is almost no reporting that happens, shots are fired all the time, bad sh*t happens in the hood. Look at the statistics close to home in a place like Irvington or East Orange, an alarming percentage of their citizens have been the victims of crime, sometime violent but generally these folks can’t afford to the a victim they have no money to spare. How can these folks get ahead, I mean they have people like Pumps teaching their kids and bad influences all around. Historical mistrust of the police(which to some extent is warranted based on past experiences) and the constant messaging from Democrats does a massive disservice to these people. This should be the focus, the violence and criminality which is literally ruining people’s lives. But why try to fix it, you can rile these people up every 4 years, promise them the sun/moon/starts, through them some crumbs in an election year and then forget about them until the next election when you can do the same.
Lib
I think we are in the same field, local production facility is in NJ but with recently changes working with other facilities across the county, no need to be in the office when you programmers, account, and production is done somewhere else in the country. If you are not tied to production then you are able to WFH.
I mistrust the police, with good reason, and I’ve never lived in the hood.
Exactly right JCer.
Like most centrists, I end up polling libertarian when taking most of those surveys to see where you land. You were right on Clinton as well. Though if you recall, his presidency was blessed by the tech bubble driving the economy.
As for Giuliani vs. De Lazy-O. I commuted into NYC from 1993 through 2017ish. I saw it go from scary, to great back to scary. Giuliani was a terrible mayor, but he was the absolute greatest on forcefully moving the homeless into shelters (or had been rumored by some, to busing them out of town). It helped to have that same tech bubble revenue coming in that Clinton had. The homeless problem can really be explained in a couple of sentences. Remember, a full quarter are mentally ill. About 45% are drug addicts. The remaining are happy to be in shelters, but are not fond of the mentally ill and drug addicts as they steal their stuff making it hard to get back on their feet. It’s kind of crazy. With the money rolling in, Rudy built a lot of shelter space. He also forcibly moved homeless too those shelters. Those before him and after him had worser economies and cut shelter budgets leaving more people stuck on the streets. And if there isn’t space to move them, they let them be where they are.
Man when Rudy was mayor, the cops were tough. Heck, you could get a plunger up the butt, just for fun under his administration. At least with Bloomberg, you only tended to get abused if you resisted arrest.
JCer,
Wise words. The Dems prop up the political community leaders and provide bogeymen to convince the populace that someone else is to blame for their misery. In return the community leaders get money and power and deliver the votes. Those poor kids, Pumpkin might actually have above average intelligence among teachers within those school districts. Imagine someone even dumber than Pumpkin as your teacher or mayor!
Trick, yes.
And why the F not? I just replaced my washing machine as the part I needed was no longer available, used or new. How mine lasted 10 years was a miracle according to the parts guys I spoke with. This part (the timer, which is the main selection knob on analog machines) usually broke in two years. The new machine I got is a smart machine. The technology in this thing is amazing. Big brother (LG) is truly watching. The LG cloud records all kinds of diagnostic information to help with maintenance. It lets me know when to replace filters, not based on time, but on usage. If you choose not to attach to big brother, you can press a button and hold your phone to the machine for their computers to listen to a range of diagnostic signals the machine will sound which LG can translate into the same data it was getting through the cloud (if you hooked up to it). At this point, there is no reason to send out a repair man if they make the parts user-serviceable. But work from home can’t work.
Honestly, everyone’s position can be measured by some kind of performance metrics and should be. This can be done whether you work remotely or in the office. It’s truly sad that our public workers are not even evaluated for performance metrics. That’s the power of a union.
It’s true the Dems abuse minorities (make believe they are helping them) for votes tossing them a few crumbs here or there. But on the flip side, what do Republicans do for minorities? They don’t even toss any crumbs. :P
It’s truly sad that our public workers are not even evaluated for performance metrics. That’s the power of a union.
What about lousy attorneys? Who is evaluating their metrics? They charge thousands only to find out later they screwed up so many things that cannot be undone.
Heck, you could get a plunger up the butt, just for fun under his administration.
Or a 27 million dollar taxpayer funded payday when they kill your family member.
Why is it that taxpayers always have to pay for their mistakes, oops I meant crimes?
The Dem’s are hypocrites (except Bernie and Warren), they are DINO’s
The repubs are out there for you to see.
Pick your poison.
You guys saw, the wealth tax was shelved by that lefty liberal Joe Biden already.
And Phoenix,
With lawyers, you really have to do your research. Ask smart friends who they have used. Lord knows, there are a lot of terrible ones out there.
Still waiting for our 30-45 day decision 25 months later.
The sad truth is, Gator, who studied pre-law, could have probably done as well as our lawyer. But the courts are set up to enrich lawyers (many who eventually become judges) and the defense has to pay for them anyway. Oh what a joke our republic is.
lib can’t bite the hand that feeds. Biden has wealthy backers as well. I think we can all agree the political parties are all in the business of throwing crumbs to their constituents, the republicans do not view the poor or minorities for that matter as their constituency. Trump actually was the first republican in a very long time to target minorities as a potential republican voters.
On the NYC homeless, I used to joke that Guiliani in the dark of night would round up the homeless and send them on the staten island ferry to NJ.
Both parties su@k and have for years, flip side of the same coin. I just find the Democrats to be bigger hypocrites in some respects. And there are just as many ignorant leftists as there are rightist I know some of those on both sides. The Dems have done al out nothing for Black people in the inner cities. And it is a valid question why after years of Democratic Rule why are so many of these cities still so bad?
As for the carjacking where is the outrage?? The sheer cold blood brutality of this crime, and the fact that it did not seem to bother them at all. One Black news commentator said it was a joy ride gone bad!! Really, That is your response to this brutal senseless murder. Everything going forward now will be viewed through the prism of race, and the race of the victim and the perpetrator will define whether we should be outraged or remain silent. It is shameful this is the point we are at.
Jcer: I am not so sure about that. I know quite a few minorities that are quite conservative in their views including their social views. It makes liberals uncomfortable, but smart Republicans understand this , and they will continue to reach out to minorities if they are smart.
Lib my father was a lawyer, his view was that most lawyers were idiots. The only skill they honed was racking up billable hours. Most lawyers if you are paying will go about doing things in the way they can bill the most but not necessarily the most convenient or effective way! He also had that view about most accountants as well, he had a short list of people he deemed to be non-idiots, somehow our accountant is in that category and he’s a CPA and a Tax Lawyer.
Lib you think you can measure everything based on metrics I assure you, you cannot. I’ve seen it multiple times in my career, there are things people are doing that are not easily measured that actually are very useful and lead to success, they are let go and projects go from green to red in a matter of a month. Metrics are tricky, it’s very hard to build a model for somethings, for others it’s easier and then there is always have you actually captured metrics that lead to sucess.
To protect and serve:
https://www.nj.com/crime/2021/03/nj-cop-charged-with-sexually-assaulting-teen-trying-to-pay-for-sex.html
“My industry has always allowed work from home. At my last company, we were encouraged to work from home at least once a week.
But people still came into the office. Why? Because working from home every day sucks. It’s incredibly difficult to stay focused and productive. And anyone who has been following COVID guidelines can tell you just how isolating it becomes.
People don’t live in NYC to spend their lives at home. They put up with the small, expensive, inconvenient apartments so they can do all the fun shit outside of their apartments.
COVID is ending. People will want to enjoy NYC again — perhaps more than ever.”
You really think that a great many businesses have never thought of this before? Really?
This has been studied numerous times. Nearly every major study on the topic has found that having an office, especially a nice and well located office improves employee productivity, job satisfaction and retention.
The pandemic has leveled the playing field. Everyone is working from home so you are not losing out to competitors by being remote, doing sales remote etc…
An option to work from home also does all of these things, but for most worker full time work from home is a negative.A
Bingo!!
When everyone is forced to WFH, no advantage. When they open up, businesses that are in person will kick the sh!t out of remote businesses. Like I said yesterday, short the sh!t out of the businesses that go full remote.
Sat in the village barber shop today. Guy cutting hair approaching 80 still going strong. Had the pleasure of sitting next to a WW2 pilot, 99 years old, 36 successful missions in Europe.
Is JJ doing marketing now?
https://www.news.com.au/travel/australian-holidays/disbelief-at-new-south-australia-tourism-advert/news-story/01893095de258ce8e4f9ada3e28c953e
Verona just off the park. Classic barber.
Drives a red vette sometimes gotta be at least 80.
“You are so blinded by your politics. She had the equivalent of a mild cold due to the vaccine. She might have ended up dead had she not been vaccinated. Second, your math is wrong…”
Totally agree. On the risk, and on the math.
I have seen every day, on every newscast for the last year, at least one story of someone who died. It’s heartbreaking. Last night CBS did a segment on one family who lost someone. It was three minutes. I wept.
Doing the math…..
For every one person infected by COVID there are 998 others that survive…CBS in the interest of “the math” agreed to give an equal three minutes of broadcast time to the COVID survivors as it did to the one deceased person….that equals 50 hours of broadcast time to people who survived COVID for every one person who died….
Tonight’s nightly news will now be seen on Friday.
Spoiler alert, Monday’s NCAA Finals will be seen next Wednesday…..
“I’m sticking to my gut. The city will not die. Offices will still be here. Majority of people are not going to 100% WFH. ”
No sh1t Sherlock. No one ever asserted the city will “die” or that the majority of people will be WFH…
As usual you take a robust argument, distill it down to a ridiculous extreme, postulate a counterargument, and declare yourself a genius.
Yet as we all know, you are a fraud because….
https://www.youtube.com/watch?v=tgC-vZp07YM&ab_channel=RichardRommer
By the way…absolutely GREAT gut call!! Superlative! Seriously! You’re really going out on a limb there! Hey, why don’t you really nail it by putting a timeframe on it? Say, maybe, 20 years?
Fcuking moron.
i want to hump kristi noem
You are so blinded by your politics. She had the equivalent of a mild cold due to the vaccine. She might have ended up dead had she not been vaccinated. Second, your math is wrong and what you call a lock down I call mild adversity, something our kids BADLY needed to experience.
You can think that way, but the reality is, that “experience” should have ended around June and they should have been back in school in person all year long. The ripples through the educational system and the achievement gap between the rich and poor is going to be larger than it ever was.
I’ve been commuting to Fort Lee For work for 3 weeks from west Essex region.
It’s surreal getting there in 35 minutes at 8:45 am.
It’s even more crazy on 80 west in the evening without heavy traffic.
I don’t know how much longer this will last.
Pending home sales, a leading indicator of the health of the housing market, plunged in February across all regions in the U.S.
The National Association of Realtors’ (NAR) Pending Home Sales Index, which tracks the number of homes that are under contract to be sold, fell 10.6% in February from a month earlier — falling for the second straight month. The results missed analysts’ expectations of pending home sales declining 3%, according to Bloomberg consensus estimates. Sales for the first time after eight consecutive months of annual gains, slid 0.5% in February from the same month a year ago.
“The demand for a home purchase is widespread, multiple offers are prevalent, and days-on-market are swift but contracts are not clicking due to record-low inventory,” said Lawrence Yun, NAR’s chief economist, in a press statement.
FRESNO — After five years of planning and months of construction delays, first-time developer Vincent Ricchiuti was ready to open his luxury apartment complex. Then came the pandemic.
“We thought it was the worst time you could imagine,” Ricchiuti said about the grand opening in spring 2020.
Turns out he didn’t need to worry. His project, the Row, was opening in the nation’s hottest housing market: Fresno.
Within months, Ricchiuti had rented all 255 of the Row’s apartments and townhomes, even though its one-bedrooms go for as much as $2,600 a month — a price rivaling those in Los Angeles beach communities.
“We opened, and all of a sudden, here came the masses,” he said.
Over the last four years, no large U.S. city has seen greater increases in rent than Fresno. California’s fifth-biggest city, it’s an agricultural powerhouse on the doorstep of Yosemite National Park but often is thought of as a highway rest stop midway between Los Angeles and the Bay Area. Because of its pollution and poverty, Fresno makes regular appearances on lists of America’s worst places to live.
Thoughts on SPACs, ARK etc from Harris Kupperman, aka Kuppy “Adventures In Capitalism” blog.
https://adventuresincapitalism.com/2021/03/29/ponzis-go-boom/
Also has an analyst job posted on his web site for anyone looking to move to S. Florida.
Updated Vaccination by Age Range for NJ:
At Least 1 Dose
Total Pop: 8.9m
18-29 – 1.4m population – 224k dosed – 16% 1 Dose
30-49 – 2.3m population – 672k dosed – 29% 1 Dose
50-64 – 1.9m population – 784k dosed – 41% 1 Dose
65-79 – 1.1m population – 812k dosed – 74% 1 Dose
80+ – 400k population – 280k dosed – 70% 1 Dose
My numbers are probably skewed towards showing a higher percentage of vaccination at a lower age range, because NJ doesn’t provide visibility into 1 vs. fully by age group, only the distribution of total doses by age range.
We should see a huge bump in overall % of population w/ 1 dose in the next two weeks.
Today: 2.8m first doses / 8.9m total population = 31% Single Dose Vaccinated (Bloomberg estimating around 33%)
+ 500k received doses this week should push us to about 37-39% Single Dose Vaccinated – I assume these will all go to first doses as capacity is ramping dramatically.
Based on the Israel numbers, somewhere around 50% is where they started to see material impact to new cases and deaths. They are currently around 58% first doses, and cases have completely plummeted.
UK coming up on 50% 1st dose, and cases are still looking pretty flat in comparison to other EU countries.
Based on NJ’s current daily rate of 85k, we should hit 50% before the end of April.
Being RNA vaccinated means there is a 3% chance of you being able to transmit/be infected with an unvaccinated person. Once you have 2 people vaccinated, it’s closer to 1 in 1000. My vaccine has already been tested against 3 positive people and it worked. I’m finished, there’s nothing more for me to do.
What happens in UK will set the stage for focusing on single dose vs. full course (for 2 shot vaccines) for the rest of the world I think.
UK at 46% first dose, 6% fully vaccinated
Israel at 58% first dose, 53% fully vaccinated
UK cases compared to the region, I think, is strong indication that the single shot strategy can be very effective when doses are limited.
Pfizer fvcked up and fouls 15M vaccine doses. Instead of focusing on how to produce a viable vaccine they probably spent the past year in wokeness training.
Another day, another mass shooting, Orange CA. 4 people dead incl. child, 1 injured. Assault rifle of course but hey the Rs say people kill people and can’t change a thing. Even Sleepy Joe will move on..usa, usa.
Wow, Fresno….really?! Still think north jersey is overpriced? The rest of the country has now caught up to northeast prices and surpassed them in a lot of locations. Who knew that north jersey would become a value to most locations. At least here, for a million dollars, you get something nice. Can’t say the same about places like Florida and Austin. Hell, the “ultra cheap” Carolinas are even on par with us now.
“Within months, Ricchiuti had rented all 255 of the Row’s apartments and townhomes, even though its one-bedrooms go for as much as $2,600 a month — a price rivaling those in Los Angeles beach communities”
Goat
That was a contractor for Johnson & Johnson
Shut up HMB. DIt doesn’t fit the brainless narrative.
Looks like it might have corrected already. Like I said in the past, this correction happened at the perfect time for my strategy. Nice correction takes place right when you start to dollar cost avg into it.
“ARK’s creator, Cathie Woods, has made it clear she’s not phased by the higher rate environment and indeed is adding at these prices. Alongside its sister ETF, ARK Genomics (NASDAQ: ARKG), ARKK is possibly the most forward thinking ETF out there, and arguably the most optimistic. While many of the components are at the cutting edge of their industries, many are also pre-profit if not pre-revenue.
That being said, heavyweights like Tesla, Square (NYSE: SQ), and Teladoc Health (NYSE: TDOC) make up a sizable weight and with the rest of their peers in the fund are no doubt on the front line of true 21st century industries. If, as an investor and a person, you believe that tomorrow will be better than today, it’s hard not to want to back these kinds of companies. And as shares look to stabilize after the recent haircut, there’s a sense that this could be an ideal starting entry point too.”
Yeah. I botched that. Same story with J&J. American companies are sacrificing competitiveness at the altar of political correctness. Every institution is.
Google draws line in sand and says they are reopening offices, beginning in April and they expect employees to live within commuting distances, and employee must apply to work more than 14 days remote going forward. I wonder how many of their employees have already moved away from expensive Silicon Valley and the Mountain View Google Plex.
So says their brand New Chief People Officer Fiona Ciccone. I looked her up she comes from Pharma AstraZeneca in England and still lists Cambridge as her home.
https://www.cnbc.com/2021/03/31/google-speeds-partial-office-reopening-and-puts-limits-on-remote-work.html
New Vaccination finder tool from NJ is up and running.
I am shocked it actually works and is showing available appointments.
Walgreens #19020
359 STATE ROUTE 23, SUSSEX, NJ, 07461
Appointments available as of 9 minutes ago *
Schedule an appointment
https://covid19.nj.gov/pages/finder
Top talent won’t be dictated to, which Google will find out. There are lines of competitors who will snag people offering 100% remote work. This only applies to lowly staff in acctg, HR, and ops etc. as well as cafeteria staff and security.
I don’t understand what some here appear to feel is a duty to bad-mouth Republican governance every time Democrat malfeasance is discussed. While it’s probably true historically that there are as many examples of corrupt Rep politicians as there are corrupt Dem politicians, and that Reps/Dems are equally influenced by lobbyists and donors, the modern Dem party has moved so far left that it has completely abandoned any pretense of caring about good governance — instead throwing itself fully into the business of activism and score-settling. Given the astounding number of examples of terrible Dem governance, no reasonable, objective person should attempt to equate Rep/Dem governance any longer — there is no Rep equivalent of DeBlasio destroying NYC, or AOC happily chasing away thousands of well-paying Amazon jobs from Queens. It’s so bad that Dem apologists like Lib now feel the need to boast when Dems decide to not proceed with a wealth tax – yet.
Libturd says:
March 31, 2021 at 4:01 pm
“It’s true the Dems abuse minorities… But on the flip side, what do Republicans do for minorities?”
“Black voters made significantly more economic progress in former President Donald Trump’s one term, despite his label as a “racist,” than in eight years under former President Barack Obama. The Black poverty rate fell to its lowest level EVER under Trump…” – Stephen Moore | Syndicated columnist Mar 31, 2021
Libturd says:
March 31, 2021 at 3:45 pm
“The homeless problem can really be explained in a couple of sentences. Remember, a full quarter are mentally ill. About 45% are drug addicts.”
More excuses for Dem governance. If homelessness is simply a chronic, unsolvable problem, how do you explain this? Obviously, governance matters and the modern Dem party simply can no longer be trusted to govern well.
“In 2019, MDHA’s State of Homeless Address reported that in the City of Dallas [pop 1.3 million] there were 3,722 persons were reported experiencing homeless of which 1,153 were unsheltered.”
“According to the Department of Housing and Urban Development, Portland [pop 645k] was home to more than 15,000 chronically homeless people in 2019…”
“They are currently around 58% first doses, and cases have completely plummeted.”
Seems consensus is somewhere around 80% efficacy for a single dose. Mix in the part of the population already infected and cases ought to start falling off the table soon.
“Like I said in the past, this correction happened at the perfect time for my strategy. Nice correction takes place right when you start to dollar cost avg into it.”
Yeah, not really. 30% down would have been much better after a 50% up. But that’s fifth grade math, and I understand how difficult that is for you, Top-Tick. Hint: If the position is red on your screen, no good.
I think we just need to sit back and realize we are all on the same team. We finally have an infrastructure upgrade plan in place (been waiting decades). We are upon a golden age. Everything is going to be shiny and new, and we will directly benefit from all this investment spending that is going to a much needed cause. It’s going to make the economy more efficient and lead to some beautiful growth. America hasn’t invested in itself like this in a very very long time. Get ready for the good times…
If I invest 12 times in a year, and only the first two were bought at an overvalued entry, who wins 5 to 10 years from now?
“Yeah, not really. 30% down would have been much better after a 50% up. But that’s fifth grade math, and I understand how difficult that is for you, Top-Tick. Hint: If the position is red on your screen, no good.”
My first entry at the start of Jan didn’t even lose money. I only lost on the purchase in Feb. I’m loving it when looking at the big picture aka long term.
Still haven’t bought in for March, but patiently waiting to make my move.
When is the next GTG? I’d like to go. Do we need vaccine cards?
Nomad, thanks. Good link and not just because of confirmation bias. I was in those rooms in 99-00 and he’s spot on. Weird coincidence, I have been cleaning out, shedding those things you collect over life, and as I emptied one box a couple weeks ago I pinched a few prospectuses that are still lying on my TV stand….99/00 vintage, tech, crazy valuations. I recall going into my Group Head’s office at that time basically asking the question ‘can I really keep pumping this stuff out?’ Other than a ten minute profanity laced tirade that could best be distilled to ‘are you fcuking crazy get back out there now’ I distinctly remember his comment of ‘if they want to buy a green plaid suit, your job is to sell them five’. Three IPO prospectuses with three follow-ons, six total, all within a year timeframe, selling shareholders all…..Not one company exists today….
I need to dig deeper into his writings, the GME trade he references is very similar to my trades, like minds lol. I am down to my last GME write. That one will die on the vine two Fridays out at 100% profit as well.
The returns for me these last two weeks have been downright filthy. Literally I do not think I’ve had a period this good, ever. It cost me though, very stressful. Capped it off this morning with exiting a ton of second tier sell-the-news infrastructure plays (IHRC, UCTT, ROAD, etc, thank you Uncle Joe) and taking a bunch of my volatility plays off the table for near max profit….I added to my UCTT yesterday, really kicking myself for not picking up more of that overnight. Blew off some steam with a couple too many IPAs last night after a stressful week but other than some cobwebs from that feeling good….need to get my sh1t together and caught up on real life and find somewhere to fly to for a week to relax. Maybe go see my oldest…Good Easter/Passover or happy association with the deity of your choice over this weekend to all.
I think we just need to sit back and realize we are all on the same team. We finally have an infrastructure upgrade plan in place (been waiting decades).
2008 stimulus was touted as that as well. A bunch of green signs went up on highways “paid for by American reinvestment and recovery act” without any work being done at the majority of the sites. They made the money disappear.
Don’t forget to buy the newly minted ARKX this month. I hear it’s going to the moon.
11:37 if you were teaching in 2008 a lot of that money went to NJ teachers also.
Fed dollars that helped keep teachers employed. Especially newer folks.
I’m not going to spend all day playing t1t-for-tat with you, but,
“there is no Rep equivalent of DeBlasio destroying NYC, or AOC happily chasing away thousands of well-paying Amazon jobs from Queens.”
Deblasio did not destroy New York. The Pandemic did. I will admit, his efforts to clean up New York paralleled the efforts of Trump to stop the Pandemic.
You’ve got your AOC in that Trump butt-kisser who governs Florida. Though DeSantis is probably worse in that every decision he makes is strictly to oppose Democrats, even at the risk of the health of his constituents.
Believe me, they are all same. After one thing. Enriching themselves. How they do it depends on what’s selling at the time.
Republicans are rightfully scared. Their Q-Anon morons completely blew it for the unification of their party and now current red leadership must decide to embrace the lunatics like Trump did to his eventual (and unsurprising) dumpster fire of an exit or go back to conservative ideals which do not attract the lunatic fringe but are wholly more acceptable to the undecided. Right now, your side is split like a snakes tongue.
Sure, the pendulum has swung too far to quality of life issues on the left and lame gender snowflake cancel culture crap. But it’s unified. About the only split in the party is Social1st Democrat versus traditional Democrat. And your team keeps the progressive far left from becoming the mainstream by the continual bashing of it. I’m sure Pelosi thanks you.
As for the reduction of black poverty? That might have been the case in 2019. But it’s not anymore. And to say the best ever is really nonsense. Unless say, you want to credit Obama for having done the same for manufacturing and black poverty before him. Tides raise all ships. The problem is, “Red” tides raise yachts a lot quicker than they raise rafts, row boats and dingys. “blue tides” attempt to at least raise all ships in a more equitable manner.
Comparing two different cities homeless populations makes me question your bloodline. I’m wondering if there’s any Pumps in there? By making comparisons like this, with absolutely no attempt to define the reason why besides party control. You question our intelligence of you. Sorry, but perhaps it’s time to sign up with Q Anon. You just passed their first requirement. Do you own horns? Or are you just trying to fill Limbaugh’s empty shoes?
BRT seems to hold himself in especially high esteem as a “science” teacher.
Pumps,
Perhaps you should have put all your money into CENT, which is the stock I touted at the time you started humping Kathy.
“January 8, 2021 at 11:04 pm
My latest pick is an undervalued company that sells pet and landscaping products. The symbol is CENT. These are the only two stocks I have purchased this year.”
Had you done so, you would have had a +42% gain instead of a -14% haircut. And I didn’t luck into it like you and your nonsensical suburban real estate call which was only due to Covid, which you DIDN’T call.
Live and learn. SFW evidence below.
https://tinyurl.com/whydollarcostaverage
A lot of people in Florida are really grateful that DeSantis didn’t destroy their lives and business like some other governors in other states did to people they know. I heard many unsolicited comments to that effect during my time in Florida. But the brain-dead media is hyper focused on trashing him, so that their heroes like Cuomo and that California nitwit can get propped up in comparison.
NJ is so superior that it has to protect it’s infection rate from being diluted by preventing people from other states with lower infection rates (like Florida) from mingling with its natives. Come summer infection rates in Florida will be higher than NJ, because of temperature changes. The media will be ready to pounce on that!
But infection and death rates in FL have been better there on average over time than many other lockdown-loving-states, even with the high % of elderly which other states didn’t have.
The idea that Comrade DeBlasio doesn’t play a major role in NYC’s decline – laughable. Sure Covid was huge too.
Nomad, what I love about guys like this. He wrote that on march 29 and the next two days seem to have found a floor. He is not smarter than Cathie Woods. I repeat, he is not smarter than Cathie Woods.
“Ponzis Go Boom!!!
March 29, 2021”
Everyone thinks she is a one trick pony that simply was lucky to ride a bull market….sure. She is old, and she knows what she is doing. She didn’t surround herself with a bunch of industry heads who all think alike. She surrounded herself with outside the box mindsets. It shows, she is beating the sh1t out of all the know it all boys. It pisses them off how good she really is.
Guess you didn’t see the videos of Miami on spring break. Might want to check it out before you crown florida as some shining star.
No One says:
April 1, 2021 at 12:02 pm
A lot of people in Florida are really grateful that DeSantis didn’t destroy their lives and business like some other governors in other states did to people they know. I heard many unsolicited comments to that effect during my time in Florida. But the brain-dead media is hyper focused on trashing him, so that their heroes like Cuomo and that California nitwit can get propped up in comparison.
12:02 leaving this to the states did just what you are doing. Using the disease as a political blunt object to brow beat. My guess? Florida will be a super spreader for the third run up of infection.
Hey Small..you know what is equally as bad as chasing jobs away? Showing up to Wisconsin with your big Orange melon head and a shovel then claiming you are the greatest ever at creating high tech LCD US manufacturing jobs. You offer 3B in tax incentives and county invests 1Bill in infrastructure and promises water from Great Lakes..except five years later jobs never show up and company not on its fourth of fifth plan on what the mystery factory will do. That is your side. Keep on flapping though.
As someone who lived in Florida for over 20 years, I’ve always thought of Miami as a foreign city within the state.
Essex total lie. None of those federal dollars made it into our budgets in NJ
Lib: Sorry I disagree, Di Blasio has done much to destroy NYC. Yes the pandemic did more, of course it would. But NYC was starting to decline again before it, and that’s on Di Blasio.
Let’s grant them most favored nation status and ship them manufacturing and a big chunk of our pharmaceutical and chemical supply chain. Their economy will grow and the people will demand more rights and the country will become more democratic. What could go wrong?
https://www.news.com.au/technology/innovation/military/australia-virtually-defenceless-against-chinas-new-longrange-stealth-bomber/news-story/c622c68cb1619b0fc56b8289c688df25
Listen. I’m no defender of that moron mayor. I just think the economy and the pandemic killed New York. Sure the BLM marches didn’t help much either nor did the mayor’s policies on walkability and progressiveness. But I’ll still argue that the economy is always the great equalizer. It always is.
Yea, it really is.
I actually like Florida for what it is. A great place to go on vacation. A great place to have a second home. A great place to retire.
I bash Florida to mock the fantasies people put in their head about moving to Florida and changing their life. Yes, it was nj govt holding you back with their high property taxes and expensive housing. Moving to Florida is going to magically change your life because you have no state income tax. It just attracts a lot of these types. People that think you can escape hard work and magically live a better life just by living in a place with a lower cost of living. Example: I can get this huge house for half the price in (insert said low cost location). Yea…you sure outsmarted everyone else. High-five.
No One says:
April 1, 2021 at 12:48 pm
As someone who lived in Florida for over 20 years, I’ve always thought of Miami as a foreign city within the state.
It makes me sick that they had so much faith in China’s leadership to lose grip. Their grip is getting tighter by the day over their people and other nations. Hope this doesn’t end in war.
Hold my beer says:
April 1, 2021 at 1:23 pm
Let’s grant them most favored nation status and ship them manufacturing and a big chunk of our pharmaceutical and chemical supply chain. Their economy will grow and the people will demand more rights and the country will become more democratic. What could go wrong?
Lib:No arguments there Lib. But Di Blasio with his mad at the world issues and Daddy issues and zero real experience in anything was not the person to run NYC.
Hold: Don’t worry, Biden will give China a good talking to. And he is going to build it back better; of course he spent almost 50 years doing nothing while it was dismantled in the first place.
I am no longer certain the place you are getting your information, however great topic.
I needs to spend a while learning much more or figuring out more.
Thanks for fantastic info I was looking for
this information for my mission.
No One,
The numbers issued by Florida’s Health Dept can’t be trusted. De Santis has been manipulating them since the day he got rid of the lady running it. They even set her up and raided her house and kangaroo court charged her. She’s now living in DC.
Your southern bigotry shows regarding your Miami comment. If it was not for that coke ridden swamp, your state would be the equivalent of South Carolina. The Miami metro area is “Florida” for most and for the amount of sales taxes generated
Pumps
Don’t forget Shrub and company claimed Iraqis would view us as liberators and welcome us with open arms. And then the dope that shrub appointed as the czar of Iraq fired every member of the Baath party that was in government and disbanded the army.
3b
That’s reassuring to know Biden will give them a strong lecture. Will he wear a suit or a cardigan for the occasion?
you are not on my team…….. EVER
The Great Pumpkin says:
April 1, 2021 at 10:57 am
I think we just need to sit back and realize we are all on the same team. We finally have an infrastructure upgrade plan in place (been waiting decades). We are upon a golden age. Everything is going to be shiny and new, and we will directly benefit from all this investment spending that is going to a much needed cause. It’s going to make the economy more efficient and lead to some beautiful growth. America hasn’t invested in itself like this in a very very long time. Get ready for the good times…
Shut up you a%%hole. The market slides and you say “I am going to wait until it bottoms. I will skip this month.” Then there is a bounce and you post this crap. You are such a fcuking liar. Just STFU already. Your “calls” are meaningless because you lie through your teeth.
The Great Pumpkin says:
April 1, 2021 at 9:50 am
Looks like it might have corrected already. Like I said in the past, this correction happened at the perfect time for my strategy. Nice correction takes place right when you start to dollar cost avg into it.
I secured an appointment for the Trump vaccine next week.
What’s that prevent Ed? Bloated orange assh&les from bothering you on golf course.
Stu: DeBlasio destroyed NYC. We were so unlucky that COVID hit while he was on watch. Between Trump and DeBlasio, NYC really got fcuked.
Libturd says:
April 1, 2021 at 11:44 am
I’m not going to spend all day playing t1t-for-tat with you, but,
“there is no Rep equivalent of DeBlasio destroying NYC, or AOC happily chasing away thousands of well-paying Amazon jobs from Queens.”
Deblasio did not destroy New York. The Pandemic did. I will admit, his efforts to clean up New York paralleled the efforts of Trump to stop the Pandemic.
I can see all the endless Union corruption with this infrastructure spending, and years to complete, and a lot of crappy construction!
Young Bush, one of the worst Presidents ever! Another one with Daddy issues!
Bystander,
lol
You have no idea how to evaluate Wood, so just shut up.
Completely separately…. “she is old”….. what the hell does THAT mean?
The Great Pumpkin says:
April 1, 2021 at 12:11 pm
Everyone thinks she is a one trick pony that simply was lucky to ride a bull market….sure. She is old, and she knows what she is doing. She didn’t surround herself with a bunch of industry heads who all think alike. She surrounded herself with outside the box mindsets. It shows, she is beating the sh1t out of all the know it all boys. It pisses them off how good she really is.
Annoying person of a thousand names,
Interesting, now give me a report on whether NY and NJ nursing home Covid death stats have been accurate or manipulated. Or stats in other Dem-run states for that matter. Did DeSantis do anything like make some rule for everyone in his state like nobody can go out to dinner, and then do it himself with his fancy friends right afterwards? Or make boating against the rules, and then go boating? DeSantis Derangement Symptom seems vastly greater among people who don’t actually live in his state, but rather live elsewhere watching screens where members of their tribe tell them enviously that people elsewhere are “Flouting our rules!”
I’m pretty sure that crazy young people in Miami are not following DeSantis’ rules, and aren’t following a lot of other rules either – they probably aren’t abiding by speed limits, controlled substances rules, they aren’t announcing their preferred pronouns, and they aren’t signing their sexual consent forms before getting down and dirty.
Is there something wrong with South Carolina? I’ve only visited Hilton Head Island. It seems much nicer than Camden, Trenton, or Newark.
BRT seems to hold himself in especially high esteem as a “science” teacher.
Considering I teach a subject where you can’t BS and pretend you aren’t wrong or hedge your bets, unlike the people we seem to hold in such high esteem like Fauci, I wouldn’t put it in quotes.
The block party in Miami is no different than all these stupid rave’s going on in NYC and LA. Young people who decided, pandemic is over.
GWB, I would easily put as the absolute worst president ever. Give away all your industries, two wars, and gigantic deficit acceleration.
BRT: I would agree, at least in the last 100 plus years or so.
Don’t worry, Biden might take that title away from shrub
Biden might.
Lebron doesn’t want to be told to “shut up and dribble.” Ok, Lebron the poltiical activitist . . . any comment on slave labor, Uighur concentration camps and the trade of cotton from Xinjiang?
Lebron wants to be more things than he is. An intellectual he is not. Doesn’t matter in the eyes of his followers. I personally, can’t stand him because I think he ruined the idea of actual competition in sports. He started the whole stack the deck movement and now we have 2 good teams and 28 garbage teams. That being said, I still think he’s a good role model for kids. He works hard, is dedicated to his craft, and appears to have raised great kids.
If uighurs were black, imagine how different the geopolitical consequences would be.
They should start making WAP videos or something. Or announce they are all transitioning. Then China’s massive rights violation becomes a “hate crime”.
No One,
Nursing home miscounting data, when 80%+ are for profit subsidiary of big operators many owned by hedge funds. Wow, who would have thought about it. Heavens to Betsy. You mean to tell me that big corporations lie? and all the time?
De Santis, aid and assistance to the parties was just to cancel all the violations tickets that cities were issuing in an effort to control the hooliganism. Just making things worse. De Santis is a “Florida Man” thru and thru.
The only one that beats him is that metro sexual in the closet congressman Gaetz, whose dad got him elected. He seems to have a 19 y/o “son” with no record of adoption or involvement by any government agency. In gay culture, sure he’s a “daddy” as a sugar daddy and his son a sugar “son”.
Yeah, and SC still stinks.
Remote work is overrated. America’s supercities are coming back.
As Lorde said: “We live in cities.”
https://apple.news/AkZCUFzM7TiyctA2Je8CRlw
Listen to Cy Curnin
https://m.youtube.com/watch?v=xTzMeDiv-7U