From NJ Spotlight:
Ongoing warehouse boom prompts renewed calls for broader regulation
After new data showed New Jersey’s warehouse boom continues unabated, advocates renewed calls for state or regional control over where they can be built and for limits on local authority of the process.
Opponents of the current surge in warehouse construction say it can only be controlled by handing more authority to county, regional or statewide bodies. They can set policies that recognize that the impact from such buildings spreads beyond the individual towns that currently decide whether a warehouse can be built and under what, if any, limitations.
Municipalities, many of them cash-strapped, are lured by the prospect of more property-tax revenue that comes with the giant buildings, and those considerations often outweigh community concerns about more truck traffic, declining air quality or consumption of New Jersey’s scarce open space, critics say.
Without broader oversight, the critics predict local roads will be choked with truck traffic, farms and forests will be developed and the state’s remaining rural corners will be industrialized.
But shifting power to state or regional authorities is a heavy lift, said Jim Gilbert, a former chairman of the State Planning Commission, because that body does not have control over warehouse siting and because any attempt to weaken municipal power will meet strong resistance from defenders of New Jersey’s home-rule tradition.
“As soon as you start talking about comprehensive regional planning, the towns go crazy because they don’t understand that it’s really fundamentally in their interests,” said Gilbert, who advocates for broader authority over warehousing. “Home rule is a religion in New Jersey.”
Counties across the south are now starting to eclipse NJ’s highest county death rates on a ‘per 100k’ basis (Passaic, Bergen, Essex). We may very well see ourselves pushed out of the top spot. Mississippi, Louisiana, and Alabama are quickly making their way up the chart. They are now in places 5, 7, and 8 respectively.
New Jersey is a world leader in logistics. Let’s keep it that way. Warehouse users love New Jersey’s workforce in addition to its location near ports and consumers. Huge, dense, well educated labor pool.
Land in Newark that was worth zero 15 years ago is selling for millions to logistics companies.
NJ towns continue to push back against warehouse and logistic companies, only to lose the ratable to towns hungry for the opportunity. In reality, most of these are fairly light uses from an industrial perspective.
Driscoll Foods in Clifton for example. Got tired of Clifton’s continual attacks on them. So they picked up and moved to Wayne, happy to welcome their tax dollars.
Their old 250000 square foot building seems empty now. Suspect if someone else comes in, the local residents will be out in full force for the zoning meetings.
Towns on major transit corridors are wise to pick this up. Wayne has been doing a great job at this.
Anyone order from Hello Fresh lately? If so, it came from Wayne. Gucci (Kerring) setup a god damned beautiful facility (400000sqft) across from the golf course
https://investors.terreno.com/news-presentations/press-releases/press-release/2018/Terreno-Realty-Corporation-Acquires-Property-in-Newark-NJ-for-6.3-Million-and-Makes-Senior-Secured-Loan-of-55.0-Million/default.aspx
Land on Doremus Ave in Newark going for $2 million per acre. Would be more today.
Grim
That’s cause those areas aren’t sophisticated and are red. If you are lefty, rich and vaccinated you are entitled to gather in huge groups.
https://www.dailymail.co.uk/news/article-9875029/New-York-Times-reporter-saying-Obamas-60th-low-COVID-risk-sophisticated-vaccinated-crowd.html
I mean, that’s just some stupid shit to do be doing.
The problem is though, the other side is just as f*cking stupid, maybe even more.
https://www.washingtonpost.com/nation/2021/08/07/alabama-vaccine-rate-mtg/
Grim
Yup. I’ve been in rural Texas events and maybe 2% were wearing masks. Covid is going to run wild through rural Texas and the black and Hispanic areas of cities.
Meanwhile I went to the hmart and 99 ranch plazas Saturday and 99% were wearing masks and wearing them properly and it’s been like that ever since the pandemic started. About a month ago less than half the people were wearing masks at the Asian grocery stores in Arlington and Grand Prairie (Vietnamese areas who tend to be republicans) but I was in the area on Sunday and about 90% were masking. Had the urge to get a banh mi and there’s a fantastic place for them in Arlington. All they make are banh mi.
Ex,
Please explain how Austin is an upgrade over cali coast? People are wild. Move to a landlocked location that is building way too fast (never ends well with uncontrolled building boom), and deals with hot weather/blackouts. This is an upgrade over cali coast?! GtfoH. People are lemmings. I would never ever pay more money to live in austin over cali coast. Never.
“The median home prices in the city have skyrocketed 43 percent in the past year as tech companies such as Samsung and Oracle have set up shop in the city and scores of other remote-working employees have been drawn by the opportunity for a lifestyle upgrade.”
With climate change happening rapidly, why would you move to anywhere but the northeast or chi region?
U.N. Panel says it’s too late to reverse some of the trends. God bless our kids. We destroyed this planet for money. And BRT, don’t tell me this is made up.
“I ssued by the Intergovernmental Panel on Climate Change, an organization of 195 governments, the report is drawn from a three-year analysis of 14,000 peer-reviewed scientific studies. It is the first major international assessment of climate-change research since 2013 and the first of four IPCC reports expected in the next 15 months.
“We’ve known for decades that the world is warming, but this report tells us that recent changes in the climate are widespread, rapid and intensifying, unprecedented in thousands of years,” said Ko Barrett, vice chair of the panel and the senior adviser for climate at the Office of Oceanic and Atmospheric Research at the National Oceanic and Atmospheric Administration. “Further, it is indisputable that human activities are causing climate change.” -wsj
https://apple.news/APzSGI4lzRI2GHsRxep65vA
Real estate, big money to be made. Yet, some people think it’s a bad investment and only keeps up with inflation. Nope. Timing matters, and location matters. Choose wisely and you hit the lottery.
Yo! says:
August 9, 2021 at 7:26 am
New Jersey is a world leader in logistics. Let’s keep it that way. Warehouse users love New Jersey’s workforce in addition to its location near ports and consumers. Huge, dense, well educated labor pool.
Land in Newark that was worth zero 15 years ago is selling for millions to logistics companies.
Counties across the south are now starting to eclipse NJ’s highest county death rates on a ‘per 100k’ basis (Passaic, Bergen, Essex). We may very well see ourselves pushed out of the top spot. Mississippi, Louisiana, and Alabama are quickly making their way up the chart. They are now in places 5, 7, and 8 respectively.
So it takes a full year of ignorance of the uneducated and poor to finally catch up the idiocy of Governor Murphy’s nursing home debacle?
No shi! about climate change , the ice caps don’t freeze over again. Our kids kids are fuc!ed, and people are still in denial. Wild.
BRT,
They were in nursing homes, and nobody cared about them anymore. Their family left them to die, not murphy. He just put them out of their misery.
And you better not be teaching these kids that humans have no impact on the changing climate. Put your political beliefs aside and understand we are destroying this planet’s eco system and climate.
Only when the last tree has been cut down, the last fish been caught, and the last stream poisoned, will we realize we cannot eat money.
-Cree Indian Prophecy
Phoenix: as of about a year ago the birth rate was declining among all socio economic groups except white women in their 40s. And apparently a good number of them are choosing to have the child without the man/ father. I also read that the female birth rate is declining around the world, and it’s attributed in part to people selecting the sex of their child. Interesting times.
Austin is pretty cool, it’s one of two places I’d live in Texas. Austin or San Antonio, nowhere else. Austin has a great tech culture.
NJ now 3 weeks of increasing 1-dose vaccinations, let’s see if this makes week 4. Hopefully this keeps moving in the right direction heading into the school year. We look to be averaging around 10k new first time vax a day. At the worst, that gives us another 2-3% of total population vaccination by Sept 1, putting us right at the cusp of 70% first time vaccinated (total population).
Just given the current distribution of vaccines, these are all going to be skewing younger.
..and so it begins, each employee now has a kudos points meter which is visible to all. How long before this dicatates your career in organization? Thank you Ray Dalio. Guy has been selling instant (constant) 360 feedback software as reason for success.. Bridgewater has been struggling for year and cut 25% of workforce FYI.
That’s why I said lemmings. Chasing that “it” factor trend aka shiny new.
Grim, but you know damn well with the amount of people moving to Texas by the day, esp austin, it’s f’d. They don’t have enough water as it is. I don’t understand why our govt continues to allow these areas in texas and the west to be developed. Such a waste of resources on the long term timeline. I just can’t make sense of it.
We know the climate is changing, yet we continue to develop the areas most susceptible to climate change because the “land is cheap.” Can’t make this sh!t up. Mind blown.
This is like that article Phoenix shared yesterday about the new age women and dating. Tech f’ed it all up, and here they go again with our jobs. Enough is enough. We are human beings, not f’ing data on a screen. Being treated like products. F U!!
Bring back the simple life. This is overreaching.
Bystander says:
August 9, 2021 at 9:26 am
..and so it begins, each employee now has a kudos points meter which is visible to all. How long before this dicatates your career in organization? Thank you Ray Dalio. Guy has been selling instant (constant) 360 feedback software as reason for success.. Bridgewater has been struggling for year and cut 25% of workforce FYI.
There is a external perception that NJ workforce is valuable? In the logistics field, I would have assumed that the concern would be “expensive”, but such a comment is interesting to me. Do you have a source?
Encouraging to hear.
Yo! says:
August 9, 2021 at 7:26 am
Warehouse users love New Jersey’s workforce in addition to its location near ports and consumers. Huge, dense, well educated labor pool.
We’d talked about moving to Austin and buying a condo in the downtown area once the kids were on their own. Guess we will be doing the back up plan of moving to a townhouse or smaller house than current one in Carrollton.
We didn’t like San Antonio that much. Riverwalk was all big chain restaurants and stores, like what Times Square had turned into pre covid. The Alamo has all these tourist gift shops across from it. I told my wife it looked like Davey Crockett gave his life for tourism.
Given my location, the impact of logistics in NJ is very apparent.
Every time you see the temperature in Newark, note the few degrees higher it is. It is generally the warmest spot in NYC metro. No accident. Tremendous heat exhaust from port activity. No joke.
The attraction of San Antonio is that nobody there is from Texas.
https://www.nj.com/traffic/2021/08/with-20-beers-airport-officials-want-to-know-why-its-cheaper-to-eat-at-yankee-stadium.html
Bloomberg analyst
Every time I check $ARKK’s active share I expect it to be much lower given how big and indexed some of the ETF’s holdings are but it is still 98% to SPX and even 95% to $QQQ. For context, Fidelity Magellan is about 55% vs both.
https://twitter.com/ericbalchunas/status/1424723284843765767?s=21
“FYI: active share is the what % of the portfolio is different than the index, the inverse of overlap, eg you could also say it this way: $ARKK only has 2% overlap with the SPX and 5% with $QQQ.”
“Here’s a look at the overlap, it’s basically all $TSLA which is now a 1.43% weight in SPX, remove that and $ARKK is virtually 100% dif”
“You can’t catch big fish if everyone crowds the same pond. They go to more remote rivers.”
Good point.
Chicago says:
August 9, 2021 at 9:58 am
Given my location, the impact of logistics in NJ is very apparent.
Every time you see the temperature in Newark, note the few degrees higher it is. It is generally the warmest spot in NYC metro. No accident. Tremendous heat exhaust from port activity. No joke.
Employers are beginning to tack on a special surcharge of up to $50 a month for unvaccinated workers, according to the health benefits consultancy Mercer.
https://www.forbes.com/sites/brucejapsen/2021/08/08/coming-soon-for-the-unvaccinated-a-50-monthly-paycheck-deduction-from-your-employer
Chi, my father and his partners were some of the original developers of the port logistics facilities, they really started the Newark industrial redevelopment 30 years ago and lobbied heavily to get post panamax ships into Port Newark and the raising of the bayonne bridge. Labor is not considered an advantage in NJ(besides having a large enough population to supply workers, the more southern ports are too remote, Norfolk, Savannah, and Charleston), nor is the government both state and local. Both are considered a hindrance, what is an advantage is a large market to sell into and access to good infrastructure. On the East coast we have a big port(with great natural deep water access), the biggest market, and the most central location. We even have the landbridge which allows containers to be unloaded onto trains and shipped to the midwest. Basically that part of NJ sits at the confluence of a large natural harbor, a major rail interchange, a major airport, and the major north-south and east-west interstate arteries. Besides congestion and cost it is the ideal location for shipping and logistics even more so as we transition towards to e-commerce and Just In Time Delivery.
My father used to refer to the NJ democrats as those who keep trying to kill the goose laying the golden eggs. He had a lot of disdain for these politicians because they were too stupid to understand how to maximize economic benefits. He also had disdain for Newark because they used to force a jobs requirement on the tenants and complained when most of the jobs went to Brazilians/Portuguese/Hispanic residents of the ironbound and they had to hire outside of Newark because fully 50% or more of the applicants were deemed illiterate or otherwise unfit to work in a logistics facility. Newark should have a booming economy but it is run by morons too concerned with local jobs, local politics, local graft. Kick the unions out, let the builders in and redevelop Newark, force properties lying fallow to be developed. We will never see it because crooks like Murphy depend on ghettos and their corrupt political machines to deliver the vote, they have no interest in fixing Newark or the schools, keep them ignorant and poor then toss them a few crumbs come election time. There is a reason actual criminals like Menendez keep getting re-elected.
3b
” apparently a good number of them are choosing to have the child without the man/ father.”
How are they getting pregnant? Are they all going to banks?
Joyce, food prices at the airport in Newark/NY Airports are obscene, $20 for a beer in the Airport? Why should a beer in the airport cost more than in an upscale bar in Midtown? Ever since OTG came in it has been very bad, I hate the NYC are airports for that reason it is so much more expensive and the airports are generally very poorly run. Everything is price gouged from parking to peanuts when you go to EWR or JFK.
Phoenix: Sperm donors, male friends .
Terminal C is nicer than Short Hills Mall now. Somebody gotta pay for that.
“Why should a beer in the airport cost more than in an upscale bar in Midtown?”
Capitalism. Just like the 600 dollar cost for an epi-pen. Eff you, pay me.
Anyone got a problem with that?
No way there is any bar in NYC charging anywhere near $20 for Sam Adams.
Even the most expensive places don’t come close.
I’m sure Lib could coupon down that beer from 20 dollars to fifty cents.
Per Se, Eleven Madison Park, Momofuku Ko – not even close.0
Sam Adams? This beer?
https://youtu.be/RAhQ5JjwhV0
Labor is an advantage in nj. As warehouses become ware-tech-houses, you need educated people to run this.
Nj has the most researchers and engineers per sq mile in the WORLD. The perfect place to set up a logistics system based on advance tech.
The facilities 15 years ago in the Newark Airport were mostly pretty bad. OTG definitely upgraded the facilities and the look of the menus, and going to electronic ordering was an improvement compared to waiting 15 minutes for a waitress to show up when you’re in a hurry. The main problem is that the food sounds fancy, but isn’t actually particularly good the few times I’ve tried it, and that their staff is still not particularly good at doing their jobs. Anyway, they know you are trapped, and the airport is making money off this fact. They know lots of their customers are putting this food and drink on their corporate expenses, and are this very price insensitive. It’s called understanding elasticity of demand and optimizing profits. So if you are flying your family on a budget vacation, pack your food in advance.
“It’s called understanding elasticity of demand and optimizing profits.”
I’ll reduce this down to one word. Capitalism.
Eff you, pay me.
Business vs Personal travel is a big driver of price elasticity.
I’ll be packing snacks and a reusable water bottle in my carry on.
I had no idea there was a rule in the vendors’ contracts stating their prices cannot be greater than 10% more than what’s available outside the airport. If that’s true, they’ve been violating that for as long as I can remember. The quote the chairman gave sounds like he has a problem with a $30 beer but is fine with a $20 beer.
No One, my employer’s travel reimbursements aren’t enough to cover the airport food in the NYC area airports! Thankfully I don’t have to travel much for work but when I do I certainly do not utilize the concessions with reckless abandon. Yes it looks nicer but the food mostly stinks, the employees don’t give 2 sh*ts. Traveling with the family is rough, I was happier when they had a McDonalds and Dunkin in the terminal, give the kids a happy meal and a donut and they are happy campers, even at airport prices it didn’t cost much probably less than $20 for 2 Happy meals and 2 donuts for the kids, parents could get something a bit better/healthier and everyone was happy. Now they don’t want any of the food on offer and an airport meal winds up costing $100-$150 for lunch before a flight for a family of 4 and the kids don’t wind up eating the food. Oh and the iPad ordering is actually worse somehow it really hasn’t sped anything up especially ordering the navigation is somewhat clunky and good luck finding the waitstaff.
Yes it is best to avoid eating in the airport(when that airport is run by the Port Authority) but sometimes you don’t really have a great option based on time, flight time and the fact that they don’t feed you on airplanes anymore. Why should NYC area airports be anymore extortionate than airports in other places? I think the airport food was cheaper in Zurich! You’d think it would be linear, most airports tack maybe 20-25% onto the prevailing prices outside the airport NOT on top of Central business district pricing. I also hate that they eliminated all the chains because at least you knew exactly what you were getting vs. the faux fancy meals.
That’s the bottom line. Capitalism can be efficient, but it is also can become inefficient when it turns predatory or lacks competition. Even competition sometimes is a false front as they work together on setting prices for said market.
Look at austin texas. That monopoly by faag (ill leave out netflix) has given those workers crazy money. Whatever area they go to, they drive up the cost on everyone else. I love how Republicans blame blue state govt for high cost, when it’s the f’ing market. If you have a successful economy that pays people well, your cost of doing business rises significantly. Why? The only people that can afford to live in that location will not work for cheap, otherwise they will become homeless. So it’s all a domino effect. Now the govt must pay its workers and contractors more money, and the price of tax goes up.
There is no escaping this cost unless you continuously play musical chairs, going to low cost locations and turning them into high cost locations, which is f’ed up, because it pushes the locals out or makes them homeless.
Phoenix says:
August 9, 2021 at 11:24 am
“It’s called understanding elasticity of demand and optimizing profits.”
I’ll reduce this down to one word. Capitalism.
Eff you, pay me.
“food mostly stinks, the employees don’t give 2 sh*ts.”
You don’t think they are sharing in these outrageous profits do you?
They are making less per hour than the profit on one bottle of beer.
Maybe the correct word is not capitalism, but extortion. Or leverage.
They all work so well together. Like the Three Stooges.
That’s why i hate remote workers moving to rural areas. F you. This place isn’t for high paid workers. Stop sh!!ing on the little guy. What do you think happens to the young people born and raised in these rural locations? That’s right, they are forced out or have to live with their parents. Now that the price of real estate doubled in these rural locations, they can’t afford it. These arent college educated americans, they are simple folk, and it’s just f’ed up how the rich take everything from them. If you want to get paid big bucks, then live in a f’ing city that only you can afford. Stop being so greedy and robbing simple americans from cheap locations. But they just want it all.
Pumps FAANG doesn’t pay as generously as you think. I know tons of people who went that route, yes it’s way better than the penny pinching banks for tech workers but bankers still make more money, tech workers make a good salary. What you see is market forces and between the income tax and the housing prices vs. CA, Austin Texas looks like a relative bargain at twice the price. If NJ wasn’t a tax hell value trap our home prices would fly up even more than they have, it’s property taxes and all the other taxes that have held the prices down here. Remember the vast majority of your market works on the what’s my monthly nut principle, those people set the market and rates are juicing it as we speak.
These pricks drive up the price in their location, then cry that it is expensive, and then like a locust, move to a “cheaper” location to screw people living in said location. Then they tap themselves on the back, and say how smart they are for taking advantage of a cheap area and their tax base. Cheap taxes!! You dick, you are going to raise the cost of everything including taxes on these people that can’t afford it. So greedy.
Jcer, f them.
God forbid they pay taxes that keep society going.
Taxes redistribute money. It’s not always a bad thing. Yet, these people are so greedy.
Im going to set up a charity in my name to tell myslef im a good person, but i will dodge taxes all f’ing day. Sick bastards.
What, you thought work from home wouldn’t come with a catch?
I know absolutely nothing about this….
https://www.theguardian.com/business/2021/mar/26/teleperformance-call-centre-staff-monitored-via-webcam-home-working-infractions
Phoenix, I’ve worked in restaurant kitchens. I don’t care what it is if you are going to do it at least do the best job you can do the pay is bad in that field almost universally. The problem is one of management, the other issue is what I mentioned about Newark, they are forced to hire from a specific pool of people. Also OTG sucks, they don’t treat their people well.
I had an Uber driver a few years ago who used to manage the kitchen in one of the restaurants at EWR. We were driving to JFK and he was talking about it, the hours are very inflexible for the managers and the pay wasn’t great, and the staffing wasn’t good because they had to hire through jobs programs so the staff was untrained/un-trainable and unmotivated. It ultimately wasn’t worth it for him because he could make a little less money on Uber but have flexibility and less headache. If they cannot retain the managers because they pay them little more than the entry level(who make $15 per hour) while not supporting them or giving them a capable and motivated staff you wind up with a morass of an organization that is indifferent top to bottom.
I imagine unless business travel returns the whole thing will collapse, pleasure travelers aren’t likely to spend $50 on a steak and $20 on a beer in any real volume vs. the expense account crowd.
My question is how much is retained by the Port Authority? This situation may be emblematic of the entire outsourced functions of the organization. The only difference is that we are witnessing the “alleged/potential” graft in plain sight. If the vendor/caterer is retaining outsized profits, we should begin to take a closer look at graft at the highest levels.
No One says:
August 9, 2021 at 11:19 am
Anyway, they know you are trapped, and the airport is making money off this fact. They know lots of their customers are putting this food and drink on their corporate expenses, and are this very price insensitive. It’s called understanding elasticity of demand and optimizing profits. So if you are flying your family on a budget vacation, pack your food in advance.
Poor DeSantis…
https://www.reuters.com/world/us/norwegian-cruise-says-us-judge-allows-it-ask-passengers-vaccine-proof-2021-08-09/
A U.S. judge has allowed Norwegian Cruise Line Holdings Ltd. (NCLH.N)todemand that passengers show written proof of coronavirus vaccination before they board a ship, dealing a major blow to Florida Governor Ron DeSantis’s effort to ban “vaccine passports.”
In a preliminary ruling issued on Sunday, U.S. District Judge Kathleen Williams in Miami said Norwegian would likely prevail on its argument that the “vaccine passport” ban, signed into law by DeSantis in May, jeopardizes public health and is an unconstitutional infringement on Norwegian’s rights.
The judge blocked DeSantis from enforcing the law against Norwegian, allowing the cruise ship operator to proceed with a plan to resume port activity in Miami on Aug. 15. Violations of the law could have triggered a penalty of $5,000 per passenger, potentially adding up to millions of dollars per cruise.
Ha, let’s see how much they like it now. No more looking at the phone when you are supposed to be working or watching netflix.
Grim says:
August 9, 2021 at 12:11 pm
What, you thought work from home wouldn’t come with a catch?
I know absolutely nothing about this….
https://www.theguardian.com/business/2021/mar/26/teleperformance-call-centre-staff-monitored-via-webcam-home-working-infractions
NJ Rt drops to 1.35, positive news for us. Was holding steady at 1.37-1.36 for a few days. Our next wave continues to fizzle.
Newark Airport is a mostly government-run operation- don’t blame capitalism for its problems.
I know a bit about the global airport business models, though I don’t know much about the Newark Airport because it’s run by some state-run conglomerate. Having visited a number of airports around the world, I generally much prefer the shareholder-owned airport concessions over the state-run airports. (Such airports aren’t involved in flight control or immigration/security, but they pay the government some operating concession and then build/expand/ refurbish the landside infrastructure and more or less operate the gates, terminal, baggage, and rent out the retail). Airports generally make their profits off their take of the food, shopping, parking, and rental fees. The tariffs per passenger are usually directly controlled by the government and generally just pays the bills. Airports can make better money on concessions from their tenants. Newark Airport was definitely under-earning on that front 15 years ago. Port Authority is government run so there is no investor disclosure about what they are thinking and doing. But it looks like they might have gone overboard with the “upgrade and premiumize” strategy. Yes I’ll bet there is corruption or at least back-scratching going on in Newark.
Usually airport tenants are either paying a rental, or a % of their gross sales, or a combination of both with a floor and a % above the floor. It’s usually quite high, which is why Duty Free stores rarely have real bargains on anything that isn’t normally very highly taxed. Airports for tourists generally know they have to let their tenants price within reason otherwise they won’t get sales. Back during the 2007 property bubble the Los Cabos airport operator in Mexico was making big money just charging real estate developers for the right to hang out in a hallway that all incoming passengers had to walk through. They’d offer you a free limo to take you to your resort, you just had to stop by their new investment property development on the way. That only lasted a couple of years. Then it was back to making most of their money on duty free tequila and the restaurant serving tortilla soup – which was quite good.
I think Newark Airport is geared towards making money off people trapped by the frequent flight delays and long layovers. They don’t have much choice. In my view only someone with an expense account or a hardcore alkie would be paying those drinks prices. Are those restaurants paying for the expensive NJ Liquor license plus paying the Port Authority for every drink they serve? That would help explain it. Who knows if the airport decided to impose some sort of social nudge of higher drinks taxes and prices to help reduce the number of drunk and unruly fliers.
No one,
Why does everything in Times Square cost more money? Stop blaming govt for everything.
They obviously spent a lot of money upgrading that airport. They are trying to get some of those costs back. Simple as that. They have a ton of more upgrades to pay for, it’s not like all that money is going into one person’s pocket.
Are they supporting lots of jobs (esp construction jobs)? Are they trying to improve the airport? What’s the problem with that. It’s nyc metro, it’s never going to be cheap.
They were in nursing homes, and nobody cared about them anymore. Their family left them to die, not murphy. He just put them out of their misery.
And you better not be teaching these kids that humans have no impact on the changing climate. Put your political beliefs aside and understand we are destroying this planet’s eco system and climate.
Wow, what a contrast in paragraphs. You are the worst person in the world in paragraph 1 and the best person in the world in paragraph 2…or at least in your deluded mind. Don’t worry about what I teach my students. Worry about yours…because we all know, a full virtual year in an abbott district involved pretty much no learning.
But since you are on your high horse, tell me what you do for the environment. I literally just delivered 50 fruit trees from plastic containers that I saved from the landfill to a non-profit organic farm in Morristown that supplied 8000 lbs of food to the needy last year. I have solar on my home. I drive a fuel efficient vehicle.
Do you have solar on your home? No, of course not. People wouldn’t stop an take pictures of it if you did. What do you drive…oh yeah…something with more horsepower than you need. You do realize, having an opinion on the matter doesn’t make you a better person, just a hypocrite.
Pumpkin,
Often your posts remind me of the “Surfin Bird” scene in the movie “Pink Flamingos”.
No link of that to share.
No One, thank you for your answer on the airport retail. PANYNJ made tons of money from airport retail until Covid hit, torpedoing the the sales-linked rent and bankrupting retail restaurant tenants, making them unable to pay the fixed rent. Based on my estimates based on reading the PANYNJ financial statements and 2021 budget, airport retail revenue will be down in the low to mid figures from the pre-Covid level. Going take a lot of $28 Sam Summers to close that gap.
PANYNJ brings in third party private operators to run airport retail. Three Newark terminals use three different operators. United drives these decisions at terminal C. Most of the economics accrue to PANYNJ, not the private operators or the individual retailers.
They do Port Authority Bus terminal mostly in house and do it laughably bad.
Pumps you have little experience with Cali Coast or Texas it seems. Most beaches in Cali are cold water all year round. I have friends and family there, they rarely go to beach and almost never in ocean. Texas has lots of beaches too, what just a 3 1/2 hour drive from Austin to Galveston which has really nice beaches and accommodations, rides and amusment etc. The water temperature at the gulf beaches of Texas usually reaches 85 degrees this time of year. That is nicer than any beach in Jersey or Cali by a long shot. Landlock Texas hahaha….stop being a dumb ass…already..about California other than what you have seen on Baywatch while you were busy popping pimples…
Low to mid 9 figures on the airport retail revenue decline.
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Jcer,
Texas beach water is flat. No waves. The west coast is beyond beautiful. Just beyond beautiful and the weather is gorgeous year rd. Place is heaven on earth. Ive seen the entire west coast from top to bottom and texas beaches don’t have sh!t on it. Also, bunch of pollution in that Gulf of Mexico.
Meant juice.
BRT,
Don’t come on here acting like you are saving the world when you are teaching people political bs about climate change, hurting the movement. Let’s be serious, the movement is not about the individual, it’s about getting big business to go green. To give earth friendly products that dont pump methane and carbo monoxide into the air. You hurt this movement with your bs position. You should be embarrassed.
Get political views out of the classroom.
Juice: Some nice beaches in Alabama too. My Southern friends like the fact that Northerners have not found them yet. Their words not mine, but my wife and I think Alabama has some of the best beaches.
The one person you thought had respect for you thinks you are a dumbass.
Do you take the position that the cost would come down significantly if the airport was privately owned?
“PANYNJ brings in third party private operators to run airport retail. Three Newark terminals use three different operators. United drives these decisions at terminal C. Most of the economics accrue to PANYNJ, not the private operators or the individual retailers.
They do Port Authority Bus terminal mostly in house and do it laughably bad.”
shut the f*ck up. I teach physics, not political opinions. You’re too stupid to remember that I’ve said politics have no place in any classroom. You’re too stupid to remember that I don’t comment on issues outside of my subject area in the classroom. You’re too stupid to realize that you believe your politics actually belong in the classroom. And you are too stupid to even remember or comprehend what I’ve said on the subject.
I am reading the following passage from a U.S. based asset manager……. I call BULLSH1T!
To be sure, COVID remains largely under control in China. As of July 14, there
were only 506 people in Chinese hospitals with COVID, compared to over 15,000
in the U.S. Since the start of the year, only two people in China have died as a
result of COVID, compared to almost 260,000 in the U.S.
My Friends Daughters NYC based software company is WFH and now 4 day workweek. His accounting firm was supposed to go back 3/ 2 to the office/home, now pushed out until January 2022.
I don’t know how anyone can trust anything the Chinese government says.
You just benefitted from world class economic analysis of the airport terminal retail.
….and the below is your response?
As a result, GO TO FCUKING HELL YOU MORON.
The Great Pumpkin says:
August 9, 2021 at 2:12 pm
No one, Why does everything in Times Square cost more money? Stop blaming govt for everything.
I less concerned about the quoted official data by a U.S. based investment strategist, and much more about the implicit or explicit coercion that motivates such action.
It is bad either way….. either the analyst is personally biased or limited in perception, or worse, forced to be.
3b says:
August 9, 2021 at 3:37 pm
I don’t know how anyone can trust anything the Chinese government says.
….and the below is your response?
As a result, GO TO FCUKING HELL YOU MORON.
I was thinking the same, I love when someone provides insider level perspective into these areas, more often than not it’s incredibly eye opening, insightful. In many cases, it challenges my own (mis)perceptions, but that’s why I value it.
Everyone seems to be wanting to push, a good portion of these are pushing past the holidays, since it doesn’t make sense to try to attempt a shift back into the office for November/December, given all the holidays, personal time, etc etc. Likewise, I’ve heard many mention potential for another holiday surge.
Thus, if you aren’t going to do it now, it doesn’t make sense to try again until next year.
Chgo: I agree.
Chifi,
Sounds like some analysts I know. Constantly slamming the western press for biased (i.e. negative) coverage of China. Then I point out that every Chinese journalist is required to pass a loyalty test to the CCP and Xi, and every media organization under the control of the CCP and ask if that’s biased.
I wish I’d just listened to WSJ reporters since about November of last year and ignored their many assurances that everything the CCP does is all for the best.
Meanwhile in the world of investments in the clueless and increasingly woke CFA Institute has concocted a “Diversity, Equity, and Inclusion” code and soliciting feedback. But none of the feedback questions ask me how far I want them to shove their proposed code up their a$$, so I’m not sure what to say.
Grim : I agree, but the longer it takes the more difficult it will be to force people back into the office, just because. If it goes to January, then many of us will be almost 2 years into the WFH environment, and by and large the work is getting done. Whose to say come January we have another surge, or flu and then it’s wait until after Memorial Day.
Yo, you know more about the Newark Airport than I do, thanks for sharing.
There are some great rumors about the duty free concessions in the Shanghai and Beijing airports being stripped away from companies that had been backed by the Jiang Zemin faction and replaced with a company rumored to be favored by Xi. And these are airports with publicly traded stock (though controlled by the government owning the majority of shares). During the Covid, the airports “voluntarily” re-wrote their contracts with this duty free company much more favorably, which was inexplicable.
Any time you have private companies bidding for business with govt-controlled entities, there’s the opportunity for corruption.
I have seen similar initiatives in other parts of my sector of the industry. I have no issue with, and actually support, such ideas theoretically. However, when you read the content of such drives, and then subsequently see the individuals in charge of developing the material, and then the young professionals that are being damaged by this stuff.
Don’t get me wrong……we need to get there eventually, but watching a 25 year old being mislead, and crash and burn, in 2021-2025 is unconscionable. Then the industry will be blamed…….. no, you threw the young people to wolves in a death march, and gave them no safety net…… you corrupt ba$tards.
No One says:
August 9, 2021 at 4:14 pm
Meanwhile in the world of investments in the clueless and increasingly woke CFA Institute has concocted a “Diversity, Equity, and Inclusion” code and soliciting feedback. But none of the feedback questions ask me how far I want them to shove their proposed code up their a$$, so I’m not sure what to say.
So what is your position on climate change?
Tell me again how all these studies are wrong.
“Issued by the Intergovernmental Panel on Climate Change, an organization of 195 governments, the report is drawn from a three-year analysis of 14,000 peer-reviewed scientific studies. It is the first major international assessment of climate-change research since 2013 and the first of four IPCC reports expected in the next 15 months.
“We’ve known for decades that the world is warming, but this report tells us that recent changes in the climate are widespread, rapid and intensifying, unprecedented in thousands of years,” said Ko Barrett, vice chair of the panel and the senior adviser for climate at the Office of Oceanic and Atmospheric Research at the National Oceanic and Atmospheric Administration. “Further, it is indisputable that human activities are causing climate change.””
BRT says:
August 9, 2021 at 3:26 pm
shut the f*ck up. I teach physics, not political opinions. You’re too stupid to remember that I’ve said politics have no place in any classroom. You’re too stupid to remember that I don’t comment on issues outside of my subject area in the classroom. You’re too stupid to realize that you believe your politics actually belong in the classroom. And you are too stupid to even remember or comprehend what I’ve said on the subject.
Nah, you go to hell. No one has extreme biases against all forms of govt. Any shot he gets, he takes a shot and blames govt. So I asked a legit question. You blast me for it. Instead of calling me names, please answer the question. I asked for a specific reason.
chicagofinance says:
August 9, 2021 at 3:57 pm
You just benefitted from world class economic analysis of the airport terminal retail.
….and the below is your response?
As a result, GO TO FCUKING HELL YOU MORON.
The Great Pumpkin says:
August 9, 2021 at 2:12 pm
No one, Why does everything in Times Square cost more money? Stop blaming govt for everything.B
Here we go…anything to go against me. Yes, alabama might have some nice beaches, but they are nowhere near the top of people’s lists for beaches.
3b says:
August 9, 2021 at 3:19 pm
Juice: Some nice beaches in Alabama too. My Southern friends like the fact that Northerners have not found them yet. Their words not mine, but my wife and I think Alabama has some of the best beaches.
Yea, they are never going back. Right on. Who needs in person workers and collaboration.
3b says:
August 9, 2021 at 4:17 pm
Grim : I agree, but the longer it takes the more difficult it will be to force people back into the office, just because. If it goes to January, then many of us will be almost 2 years into the WFH environment, and by and large the work is getting done. Whose to say come January we have another surge, or flu and then it’s wait until after Memorial Day.
I’m not repeating my positions on climate change. I’ve written pages on it on this forum previously, which you have no ability to comprehend or recollect. Moreover, I don’t make political arguments on this subject, only scientific ones. You’ve taken anything I’ve said and boiled it down to “you are a climate change denier and brainwash your students with politics”. You aren’t worth my time.
Come on, no one. People are corrupt. Stop blaming govt for this. Whether it’s public or private, the same damn corruption will take place. Prove me wrong.
“Any time you have private companies bidding for business with govt-controlled entities, there’s the opportunity for corruption.”
Brt, again, you know better than all these people. Tornadoes in nj, miami floods every time it rains, west coast is a complete mess, and it snowed in brazil this week. Ahh, nothing to worry about. Humans have no impact on the environment. Now call me stupid. Read that last line from this WSJ article. It is indisputable, yet you still think is a debate. SMH.
“Issued by the Intergovernmental Panel on Climate Change, an organization of 195 governments, the report is drawn from a three-year analysis of 14,000 peer-reviewed scientific studies. It is the first major international assessment of climate-change research since 2013 and the first of four IPCC reports expected in the next 15 months.
“We’ve known for decades that the world is warming, but this report tells us that recent changes in the climate are widespread, rapid and intensifying, unprecedented in thousands of years,” said Ko Barrett, vice chair of the panel and the senior adviser for climate at the Office of Oceanic and Atmospheric Research at the National Oceanic and Atmospheric Administration. “Further, it is indisputable that human activities are causing climate change.””
From same WSJ article…how can you deny this?
“Dan Lunt, a climate scientist at the U.K.’s University of Bristol and one of 234 co-authors of the report, said, “It is now completely apparent that climate is changing everywhere on the planet.”
The report “connects the dots in a way we really haven’t seen before,” said climate scientist Michael Mann, director of the Earth System Science Center at Pennsylvania State University, who wasn’t involved with the report. “The message eerily resonates with what we’re seeing this summer in Canada, the U.S. and Europe as extreme weather events play havoc on us and our infrastructure.”
The report highlights human responsibility for record heat waves, droughts, more intense storms and other extreme weather events seen around the world in recent years. It also sharpens estimates of how sensitive the climate is to rising atmospheric levels of carbon dioxide and other greenhouse gases—a key metric in forecasting the rise of global temperatures in the years ahead.”
How do humans survive this? Sure, we had higher levels in the past when humans were non existent. They can’t survive if this concentration continues to increase.
“Levels of carbon dioxide released into the air by the burning of fossil fuels, cement production and deforestation and other land-use changes reached a modern seasonal high of 419 parts per million in May. That is higher than at any time in the past 3.6 million years, according to NOAA.”
You’ve survived 40 years of a lack of oxygen to the brain, what’s the problem?
Thought of a neat way of looking at remote work.
Take music. Sure, I can listen over the computer, but the real magic happens in person at a concert.
If you were creating music with a group, would it be better over zoom or in person?
Now apply this to business. It’s as simple as that.
You know, we were just talking about dictators the other day.
DeSantis threatening to withhold pay from any school employee that attempts to establish or enforce a mask mandate?
What the serious f*ck is wrong with this guy?
I make a totally innocent comment to Juice about how nice Alabama beaches are after being there several times, and it’s a problem. Looks like the blog is cancelled any topic or opinion, or comment, no matter how innocent if someone person does not like it, then we can’t mention it. Add Alabama beaches to the list.
My buddy swears by Gulf Shores.
3b,
If it was seriously innocent. Im sorry.
You have to understand that i come into this blog with the mindset that I’m enemy no 1.
Grim
He’s trying to make his bones for the trump followers in case trump doesn’t run in 2024. Abbott is competing with him for 2024. I wasn’t joking when I posted the other day Matthew Mcconnahey would win next year if he runs against Abbott. Cruz barely beat the unknown Beto. An A list actor already has huge name recognition and knows how to emotionally connect with the crowd.
Former Gulf coast resident here. I think the BP fiasco really did a number on the sealife there, glad to hear to beaches are still enjoyable.
By contrast CA beaches suuuuuuck. Tons of rocks and very cold water. If you surf, the waves are better, but you are wearing a wetsuit.
Major buzz kill.
Grim: Gulf Shores is beautiful! As is Orange Beach. October is a great time to go, water is chilly, but beaches pretty empty, temperatures 60s to low 80s. As I said , Northerners for the most part have not appeared to have discovered it, and people like it that way.
If making a positive comment about Alabama beaches somehow triggers you, then there is simply nothing to say.
3b,
The context.
You usually love to throw jabs like that. Again, I said i was sorry.
Grim, I think that inoculation you got was loaded with l1beral kool aid. You have gone on to the other side!
The feeling you get from sitting on a west coast beach is simply amazing. Water is cold, but cant have it all.
Ex says:
August 9, 2021 at 5:44 pm
By contrast CA beaches suuuuuuck. Tons of rocks and very cold water. If you surf, the waves are better, but you are wearing a wetsuit.
Major buzz kill.
Off topic – like anything is off topic.
Bluey is the best animated kids show ever made. It is so brilliant, it completely raises the bar.
Pumps just move to Spain or Portugal, beaches look like CA and the water both the Atlantic and Mediterranean are warmer than the pacific and it’s way cheaper than CA. Gulf coast beaches are pretty nice and there are some waves FYI, my wife’s cousin got married in Galveston. It’s kind of like the coastal folks who don’t realize there a big beautiful beaches on the great lakes, they even surf during storms and in the winter, waves are small in the summer. Pumps prognosticates on places and things he’s never been to or done…..California is beautiful it’s just not great for bathing beaches, basically OC south is good ok for swimming but it’s still not really the ideal water nor air temperature, it’s very pretty.
I’ve seen some crazy waves being surfed on the great lakes. As for gulf, i’m sure when storms come, they get waves, but those beaches are more like lakes. Yes, there are waves, but it’s not like you can surf them on the regular.
I have never been to spain or portugal, but I know portugal gets some massive waves. I just love the cliffs of maine or west coast. Those elevation changes on top of the coastline are amazing. Takes my breath away.
Speaking of beaches I am down at Sandy Hook right now watching my kid do soccer drills in the sand. This travel soccer team he qualified for is dead serious with 3 practices a week. Fun times down here at the shore. To me living down here in Monmouth beats anything North Jersey could ever offer.
Lol is bluey the new peppa?
Speaking of conspiracy theories and the ignorant right, there are lots of comments on the CBS News site regarding Cuomo, and that this whole sexual harassment matter is being orchestrated by Trump supporters. Just as many ignorant people on the left as the right.
Great place to live…you are fortunate. And nj beaches are underrated. A lot of really good beaches in this state.
Juice Box says:
August 9, 2021 at 7:11 pm
Speaking of beaches I am down at Sandy Hook right now watching my kid do soccer drills in the sand. This travel soccer team he qualified for is dead serious with 3 practices a week. Fun times down here at the shore. To me living down here in Monmouth beats anything North Jersey could ever offer.
Water temp in Malibu is 67 right now, Jersey Shore is 74…my pool is a constant 82 all season, my grass is green as can be. Friends home in Silicon Valley is on a postage stamp lot with less square footage but worth twice as much as mine but hey he cannot even get the lawn to grow it’s so dry and nobody goes to the beach up by San Fran if ever, a few miles inland it’s bone dry and on fire half the time. California has its charms and better weather all around but then again most of it is a desert, and LA bleach to me it really sucks. I hate that place and I have spent time all over Cali. Just not for me….
CA is part of a region – AZ an NM included that are experiencing long term aridification.
Meaning it’s returning to a desert state. They’d better get real creative over the next decade and employ more desalinization plants near the ocean and drip irrigation for the farms. Long term prospects for rain are very bleak. The water table is at an all-time low.
Juice: I would take Monmouth Co over Bergen any day, but when we were starting a family , Bergen was great for commuting into the city, especially downtown. Of course that was before NJ Transit became a broken down POS third world commuter system.
5:53 anyone backing Trump right now isn’t playing with a full deck.
New York City is the most expensive place in the world for construction, with an average cost of $362 per square foot, according to a survey launched by Turner and Townsend in 2018. To compare, Hong Kong is a close second at $344 per square foot, Dubai is $134 per square foot, and Beijing comes in at a cheap $75 per square foot. In the United States, developers often find private investors to fund the costs for skyscrapers, and with changing socio-economic conditions and rapidly shifting market needs, multi-year construction projects can often be seen as risky. In other places around the world, projects are often funded by or have connections to the government, making the financing aspect much less of a problem.
https://www.archdaily.com/949465/why-the-worlds-tallest-buildings-arent-being-built-in-the-united-states-anymore?fbclid=IwAR1lkIktdulS1f1foH7eUU7ElK5eDVT2TGkTfKaC7FZwYLBXTS5qX5BfZwQ
Ill keep beating this drum. I do not understand why they continue to develop out west.
Ex says:
August 9, 2021 at 7:42 pm
CA is part of a region – AZ an NM included that are experiencing long term aridification.
Meaning it’s returning to a desert state. They’d better get real creative over the next decade and employ more desalinization plants near the ocean and drip irrigation for the farms. Long term prospects for rain are very bleak. The water table is at an all-time low.
Nj is so underrated. Rest of the states bust our balls, but this place is special. People that don’t see are blind. It offers a helluva a lot for a little tiny state.
Juice Box says:
August 9, 2021 at 7:37 pm
Water temp in Malibu is 67 right now, Jersey Shore is 74…my pool is a constant 82 all season, my grass is green as can be.
Pumps you won’t see me hating on Jersey, overpriced yes but it is home and there are a lot of positives. Growing up my parents had friends who were corporate relo’d from LA to NJ, after their 3 or 4 years were up they actually didn’t want to go back. The housing was better, the schools were better and the people were more normal. California had better weather but quality of life in NJ in the 80’s-90’s was much better than CA at the time.
CA is still bad, high taxes, crappy housing, my sister went out to Ca on vacation and visited her college friend who went to work at google she was like his 1.2m house was literally a pos compared to my 500k Monmouth county house, where she has 3 bedrooms 2 baths a nice yard and view of the harbor that nicely renovated his 1.2m dollar house in Silicon Valley was like 2bd old, etc. It’s no wonder they are running to Austin bidding up houses.
Jcer,
Cali is beautiful pretty much only on the coast, except for lake tahoe, napa, and Sierra mtns….but really it’s only the coast. And you seriously have to be filthy rich or the place is a hell hole. Still, i would love to live in a place like la jolla. Those people moving to austin now are like 5 years too late, but hey, im cool because i live in austin. Lol
Jersey has it’s issues, but if you open your eyes, it really is a special place. It did fall early 2000’s as the boomers sucked this place dry (never replaced the infrastructure and let their houses go to sh!t), but in the past 10 years, esp last 5 years, it’s seeing a beautiful resurgence. So many people have updated their homes, and the infrastructure is improving. I know you guys hate murphy, but he is doing a hell of a job bringing this state back from dead. At the end of the day, this location is top notch. I hope im able to afford to retire in jersey. This is my home, and i don’t ever want to leave it.
Grim, see, teacher’s union is not that bad. Yes, they are for the teachers, but that’s their purpose. That is what they are paid to do.
“Teachers union boss suddenly open to vaccine mandates.
How long will teachers unions continue to create obstacles to normal school operation while claiming to favor it? Witness the American Federation of Teachers. The union has launched a $5 million campaign promoting the idea that it favors school reopening—at the same time its president fans Covid fears in the media and proposes new rules on classroom safety.
AFT President Randi Weingarten has been playing this game since the spring of 2020, earnestly expressing a desire for regular classroom instruction, but also presenting lockdowns as a regrettable necessity and demanding massive new government funding before schools could be reopened “safely.” Of course it’s now clear that schools were never the “superspreader” threats of media lore, student-to-teacher transmission rates are low, people in U.S. classrooms face little risk and distance learning was a disaster for many children.
Perhaps aware that parents have grown more skeptical during the past year, now Ms. Weingarten is back with a new media campaign to present herself as a champion of reopening. And the public relations effort seems to be working.
“Teacher union president: Goal is to get kids back to school,” says a recent headline from the Associated Press. A.P.’s Susan Montoya Bryan reports:”
Boomers getting more bennies. I thought it was going bankrupt.
NPR: Expanded Medicare Benefits In Democrats’ Plan Include Dental, Hearing And Vision : Shots – Health News.
https://www.npr.org/sections/health-shots/2021/08/09/1026104398/democrats-hope-to-beef-up-medicare-with-dental-vision-and-hearing-benefits?ft=nprml&f=1001
re: “What the serious f*ck is wrong with this guy?”
He is the one, not on the front lines in the trench holding the rifle, but the one defending Merica…from the court room, won’t admit to what he did in Gitmo or as the lawyer for the Navy Seals in Afghanistan but you can bet for sure he for sure was not a liberal…
Jesus, boomers just take it all. I guess that’s what happens when your generation is such a big voting bloc. Those f’ers made so much easy money off real estate, and still want more. These are the scumbags that greedily ran away from their tax obligation that they benefited from, and then passed it onto other generations. What a weak generation. WEAK. Go run to florida you little bi!ches.
I’d say both Jersey and California are prohibitively expensive.
Jersey gets you on the taxes, CA on the overall cost of housing.
Water will be the issue going forward in CA. I enjoy living in both places,
But both have their issues.
water ….?
California’s historic drought has brought about another dire first: the power plant connected to the Oroville Dam in the state’s northern region has shut down for the first time since its construction in 1967. Oroville is the tallest dam in the entire U.S., and just four years ago, raging winter storms destroyed the dam’s spillway as they brought the reservoir to historic heights. After the water level dropped 250 feet in just two years, the reservoir now sits at an unprecedented and painful low, just 24 percent full, which cannot sustain the Edward Hyatt Power Plant below. Karla Nemeth, director of the California Department of Water Resources, said, “This is just one of many unprecedented impacts we are experiencing in California as a result of our climate-induced drought.”
“The report concluded that essentially all of the rise in global average temperatures since the 19th century has been driven by humans burning fossil fuels, clearing forests and loading the atmosphere with greenhouse gases like carbon dioxide and methane that trap heat.”
How much Musk loves Texas.
“Seriously, we’re getting eaten alive. Can’t get to Mars if the bugs eat us first.”
https://twitter.com/elonmusk/status/1419367685876502534?s=21
The UN is never wrong about anything.
That was in response to this tweet for context.
You know you have a problem when you call in a duster for mosquitos. #SpaceX #Starbase #BocaChica #Texas #Starship
https://twitter.com/labpadre/status/1419324078230487048?s=21
Are you really going to go against a conclusion based on 14,000 peer reviewed studies. Look at what essex posted about that dam. You don’t think that’s extreme?
No One says:
August 10, 2021 at 9:13 am
The UN is never wrong about anything.
If Trump had gone on TV and told the country “You’re not going to get Covid if you have these vaccinations.” I wonder how many deaths the media would have personally blamed him for, for creating a false sense of security.
It’s no fun for guys to get trapped in the mines of Mars:
https://www.youtube.com/watch?v=TrvMzk1ozE4
When anti-vaxxers rack up tens of thousands of dollars in hospital bills, who pays?
Think about it, and you’ll realize that their political positions are effectively being subsidized by members of insurance pools, taxpayers, and the vaccinated.
9:17 Trump downplayed a virus that then proceeded to nearly kill him.
A scenario that being played out again and again with his ardent supporters.
Turkish respective authorities start-up seek in the direction of pro player
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“Philadelphia Federation of Teachers president Jerry Jordan stated in an internal memo that the union would be on board to support a vaccine mandate to help protect children, but stressed that negotiations must happen first.”
Yeah, everybody should be vaccinated. Period. I mean, I don’t know how else to say it, everybody should be vaccinated. I don’t want to twist anybody’s arm to do it, but we’ll try to figure out a way to get people to cooperate,” Kenney said.
“Kenney added that there are steps to the process that must be taken first.
“It’s an HR issue. You don’t just tell people you’re going to do this or that without having a discussion with them,” Kenney said.
https://6abc.com/philadelphia-schools-vaccines-federation-of-teachers-union-philly-vaccine/10942178/
Those who WFH may see their pay cut:
https://www.reuters.com/world/the-great-reboot/pay-cut-google-employees-who-work-home-could-lose-money-2021-08-10/
I would put the “epidemic of the unvaccinated” lie right behind the “you won’t get infected” lie. Neither will age well as the pandemic progresses.
No matter though, the propaganda industry will invent a new narrative and subsequent boogeyman.
Daughter crashed my garage door…any recommendations on installers/doors?
Cedar Grove/Wayne area
Thanks.
Hope you have all been well and safe.
Pumps – same can be said for most diseases, who pays? Well you and your insurance.
BTW don’t go to the emergency room for a covid test if you are not feeling well. You could walk away with a $3000 bill for a nasal swab text and a quick visit.
My kids doctor still won’t do them, they will not see any kids for covid testing, their excuse is a “billing dispute with insurance”, but reality is they don’t want to do them because it could shut down the practice again, so off to urgent care where they will do it.
The schools say if you kid is near someone someone who tested positive, they cannot comeback until a period of 7 days and a negative test. We have have done a dozen covid tests since last year, which we have had to do for school, thankfully CVS stepped up and provides them quickly. Hopefully that will continue.
I am not looking forward to this school year. I told my kids yesterday the governor said they had to wear masks again this year, they are disappointed about mask wearing again, at least when they were remote they could take them off at home.
I know there will be positive tests and school will be in disarray again this year. Our Governor said he will have guidance for TEACHERS and other school workers for mandatory vaccines in a few weeks.. A FEW WEEKS! LOL! Unless it is the single shot J&J vaccination you have to space them out. Pfizer is 21 days between shots and Moderna is 28 days…so it looks like we will go back to school with teachers and other school staff who refuse to vaccinate too.
Paycheck:Companies have had geographic based pay scales for years, including my own.
I’ll take a pass on Alabama beaches. Mrs Fab was in Ohio last week. Was going to check out the Lake Erie beaches. Locals said don’t bother. While they look nice, Local towns are not always on top of their sewage pumping.
For Newark, could the prices be a way of deterring sales. If you are paying rent on Gross profits and have issues with staffing, it is a way of staying open with minimal overhead. Add in the drop in passengers and flights, you lose the top tier bar staff as they are not making the same amount of tips.
Shocker! This was hard to see coming! Not.
Paycheck says:
August 10, 2021 at 10:08 am
Those who WFH may see their pay cut:
https://www.reuters.com/world/the-great-reboot/pay-cut-google-employees-who-work-home-could-lose-money-2021-08-10/
I know it’s crazy, but a lot of hardcore conservatives in the ranks of teachers (BRT is living proof). These f’ers made me sick when they would support Christie back in the day. I was like, how stupid can you be? You are supporting a man hell bent on taking away your earned benefits. Team politics comes first before themselves to these fanatics. They are always bashing the union too, causing division. Why did you sign up for a union job if you hate the union? Wtf?!!
“so it looks like we will go back to school with teachers and other school staff who refuse to vaccinate too.”
Baaa. Drop your voting card in the union box otherwise STFU. You signed over your opinion.
Btw, don’t you have a bulletin board that needs to be decorated? Get on that.
What do you guys think of Nashville? What are some of the desirable suburbs?
Ex CA is as bad or worse than NJ on taxes. First you deal with 10% income tax vs. 6% in NJ on a 500k income, that alone is 20k than because house prices are insane sure property taxes are less than 1% of value but in a lot of places there still is a somewhat substantial property tax bill. In Silicon Valley a house like mine is between 5-7m depending on where it is and the property taxes push 40k, my house even with COVID craziness is less than 2m and the property taxes are 40k and the schools are better, the crime is lower, and the traffic is less. California while very pretty and having excellent weather is a bad deal, you need to have a LOT of money to have a good quality of life.
Fab no one is talking about lake Erie, you need to go to lake michigan, Michigan’s Norther Peninsula, Wisconsin, etc. Ohio is gross, it has cites roughly equivalent to Trenton, Newark, Hartford, etc basically burned out post-industrial cities, farm land, and industrial pollution and suburbs. The suburbs are pleasant enough if mcmansions are your thing but it isn’t the most scenic of places and it is essentially as polluted as NJ is if not more so. My wife has family there it is almost as boring as Indianapolis, on the plus side it’s relatively cheap.
Too late for Nashville, you are paying a serious premium.
Desirable suburbs are South, Brentwood was always the shit when I was a regular there.
Downtown was a bargain, not any more. A huge real estate regret is not taking the relo package to move to Nashville in the early 2000s. I would have bought in downtown, a few of my colleagues did (as opposed to the McMansions south). All my old work colleagues that purchased in Downtown (Vanderbilt, etc), are multi-millionaires just off those properties. That said, Nashville downtown in the early 2000s was not desirable.
Don’t ever sing karaoke in Nashville, you’ll suck.
Guess you should have bought there 30 years ago. If we only knew and had the funds..
“In Silicon Valley a house like mine is between 5-7m depending on where it is and the property taxes push 40k, my house even with COVID craziness is less than 2m”
Ha. Google cuts pay for remote workers.
Did anyone ever shop for a car using a VPN? Different rebates and deals depending on where you live.
Too late for Nashville, you are paying a serious premium.
It seems the property taxes are a fraction of what we pay here. Still a bargain to me. I never thought I’d leave Jersey but I think I’m changing my mind. I’m getting older, that’s for sure.
Cuomo resigned.
Yup, and if you get work done on your home…if you live in a nicer area, expect to pay a premium. Montclair millionaire is not getting the paterson price. I agree with this, though. You expect someone to do work on multi million dollar house and cut the owner a deal?
Phoenix says:
August 10, 2021 at 11:51 am
Ha. Google cuts pay for remote workers.
Did anyone ever shop for a car using a VPN? Different rebates and deals depending on where you live.
Back from 2003-06 I had a union job at Standard & Poor’s equity research. I wanted the equity research job but that came with mandatory union dues to the NYC Writers Guild. That guild was run by a bunch of semi-literate commie goons, not intellectual goons. They pretty much knew it was a racket and ran it like the longshoremen. Their main focus was making sure that compensation was 95% driven by job title and seniority, as they were actively hostile to the idea of judgments of merit or bonuses for performance. The outcome was that skilled and talented people would leave within a few years, while the union drones would just sit and do the minimum required work and if they did it for 10 years or more they would be paid more than everyone else while doing inferior work. It was a real communist utopia for subpar equity analysts till that department got shut down about 10 years after I left and they found out that nobody in the real world job market cared about their seniority.
30 years ago I was like 10 so that wasn’t an option. 20-25 years ago I wanted to buy a bunch of apartment buildings around Journal Square by summit ave, at the time places with 4-6 units could have been bought for between 100k-300k. Today that are is going full on disneyland, buildings are going up prices are high, those properties are worth ~1m and even more if you have contiguous properties as the area has been up-zoned to 17 stories, lots of these apartment houses are being replaced with 6-10 story apartments. I almost bought a multifamily that was literally spitting distance to the grove st PATH, I think there is a 50 story tower on the parcel today probably could have made millions as a holdout. Although the corrupt politicians in JC were all about eminent domain or at least the threat to get people to sell under their own volition, so who knows how lucrative that was for the owner. I didn’t have the funds and my father wasn’t interested, they did projects in Jersey City in the 80’s and nearly lost their shirts there.
There was a ton of urban property you could have purchased between 95-03 that increased multiple fold. There were tons of 100k shacks that you could have flipped for 3x the initial investment in 15 years, some depending on how good you were with location could have fetched 4-5x initial investment. It is a missed opportunity, then again I invested 1k in apple in 1998 and still hold it, it returned something like 20000%, so yeah like 200k from a 1k investment, if I had more money that would have been the investment to make. Hard to imagine that 50k would have returned around 10m.
Phoenix: It’s nothing new companies have geographic pay scales for years. For some it will hurt, for others not so much. I saved over 5k this past year plus, and more importantly the hour and a half (no delays) to 2 hour commute each way on the decrepit dirty NJ transit trains. WFH is here to stay.
Jcer: Unions were necessary one hundred plus years ago, now they exist to enrich union officials. They should not have the power and influence they have in the political arena at the expense of everyone else.
3b,
Did you read this part of the article? People love remote, till it impacts their pay and it will.
“One Google employee, who asked not to be identified for fear of retaliation, typically commutes to the Seattle office from a nearby county and would likely see their pay cut by about 10% by working from home full-time, according estimates by the company’s Work Location Tool launched in June.
The employee was considering remote work but decided to keep going to the office – despite the two-hour commute. “It’s as high of a pay cut as I got for my most recent promotion. I didn’t do all that hard work to get promoted to then take a pay cut,” they said.”
3b/no one,
Why are you hating on unions? Im grateful for a union, that’s why you cry about my pension and health benefits. Im sorry that pisses you guys off. You want to conquer the world on pure merit, you do you, but don’t come try to take food off my plate in the name of union bashing. It’s MY INDIVIDUAL RIGHT TO FORM AND JOIN A UNION.
Apparently Cuomo said somewhere along the line, that he is not perverted, just Italian!! If true what an insulting moron.
“Too late for Nashville, you are paying a serious premium…That said, Nashville downtown in the early 2000s was not desirable.”
Second both opinions…Belle Meade is wonderful, but even in just the last five years alone houses there are up anywhere from 50% to 2x.
Same here Grim…mid-00s I was three days a week down there…tried to get Dear Wife interested but no go….the amount of money left on the table, lol……
lol, Jen Psaki now distancing Biden from Osterholm and youtube scrubbing various interviews of him since he said that a cloth mask isn’t effective while real respirators are.
“Why are you hating on unions? Im grateful for a union, that’s why you cry about my pension and health benefits.”
Exactly. You are the poster child for why unions should not exist. Based on your intellect and merit your wage base should be on par with a panhandler. Instead, and more frightening than any horror flick plot line one could conceive, you are actually responsible for molding young minds and relatively well compensated for doing so. Absent a union you would be mopping up piss in the mens room at the Port Authority.
“Apparently Cuomo said somewhere along the line, that he is not perverted, just Italian!! If true what an insulting moron.”
Don’t know about that but in true abuser fashion there is a clip running on CNBC where he says to the citizens of NY “everything I did was out of love for you”. In true abuser fashion……
Such a buffoon. Part of a failed education establishment and celebrating for the crumbs they throw him. And is talking about individual rights in the same breath. Uh, no, you have none. You are a collectivist.
Why don’t you go tell the principal that inflation took a bite out of your a$$ dummy and you need a little bump to make ends meet. Let us know what they say.
Lib, hope you’re lighting up the video poker.
JBLU, MGM, and LUV absolutely killing it for me today…
Fast
If you go to Nashville to look around and like fried chicken you should go to Hattie B’s. It incredible. Ate lunch there when we drove back and forth to Jersey a few years ago.
Left ; Well said with the abuser comment.
Hold: Nashville is a fun town! It’s not just country music; if you live music in general, great place to visit.
Lefty, keep assuming all union workers are lazy and stupid. Knucklehead.
Btw, your kids are privileged, right? Well I put myself in position to buy a house at 19 and I paid for college on my own with no financial aid. But yea, union workers are stupid and lazy. Lmfao.
What did your kids do? They still asking you for money?
I bought a 650k home at the age of 32. Suck it.
Cuomo and Trump are basically the same personality, but Cuomo is a D so he got a pass and even fawned over from the media for decades.
Feel bad for etsy sellers who are long cuomos3xual tshirts.
Actually, i was 31. Not bad for a stupid and lazy union worker that came from nothing.
3b
Only stopped in Nashville for Hattie B’s. didn’t have time to look around. We definitely want to go back. We stayed at the Bass Pro Shop hotel in Memphis too. I think that’s the pyramid where the Grizzlies used to play. Went up to the skywalk and stood on the glass floor. The skyboxes have been converted into hotel rooms that look into the store. Very cool at night when the store is closed and you can look down at all of the birds and fish that live in the store. Libturd would be proud of me, used credit card points so stayed for free, Didn’t like Gatlinburg/Pigeon Forge area that much. We all thought Asheville NC was much better.
Hold: I have seen many comments where the conspiracy theorists on the left, are saying Trump and his supporters orchestrated the downfall of Cuomo to take the pressure off of Trumps legal problems. There is ignorance on both sides.
And I would say trump is a pig and a womanizer but comparing him to cuomo actions is biased. When you are signing the person’s checks it’s a whole another matter.
Much like Weinstein too, it’s become apparent that this was widely known and facilitated.
Hold: Nashville is worth another trip back, 3 days should do it. I used to do some business in Memphis back in my GS days. Always stayed at the Peabody Hotel. It’s famous for its 5 ducks that parade through the lobby in the morning and again in the late afternoon. A lot of quiet money in the south, you might be surprised.
Hold: Asheville is on our list of places to visit.
We have to tell idiots I am Legend is fiction. Made up. Not true.
Smh
“The post-apocalyptic thriller “I Am Legend” is bubbling up in conversation among the vaccine-hesitant crowd, prompting the film’s screenwriter to emphasize that the plot is entirely fictional.”
Thank you all for the Nashville input. I will put this on the plan list.
Fast: I don’t ever see you leaving NJ. I could be wrong of course.
Garage Door Question – Rissland Garage Door
3b,
I’m slowly thinking I’ve had enough of the high taxes and some other things. We’ll see.
Thanks Nomad. I have a quote in from Precision and expecting one from Door Works and Rissland.
Fast: There are lots of great places all over the country. Just hard to leave after being born and raised in the area.
Cuomo threw in the towel.
Saw my first spotted lantern fly last night. Tried to kill the bastard but he was way quicker than I thought.
Interesting take on schools, anxiety and happiness of kids.
https://ifstudies.org/blog/when-is-the-best-school-not-the-best
I have hundreds of them. I burn them with the blowtorch. You can spray them with Windex as well.
These efforts may have been justified to some degree in the early days of the pandemic, but the longer they continue, the more they undermine attempts to get the economy back up to speed. People who aren’t worried about getting evicted or paying off student loans obviously have less incentive to return to work, even when jobs are plentiful. And employers who can’t offer wages that compete with state subsidies will have trouble finding workers. People aren’t taking jobs primarily because the government has made it easier for them to be unemployed.
https://www.wsj.com/articles/joe-biden-obama-great-recession-unemployment-tax-regulation-burkhauser-corinth-holtz-eakin-11628632460?st=trkaexu74zmajef&reflink=article_copyURL_share
Good article.
My philosophy with my daughter has always been to guide, not force. She’s going to go to college, but if she isn’t into academics to the degree needed to get into the “best school,” i’m not going to force her to. She has to go to college, but not forcing her to be at the best level if that’s not who she is.
The best colleges should really be for the people who truly appreciate learning. You can’t force that. If the kid can’t handle that type of pressure, you might break them in the long run.
Nomad says:
August 10, 2021 at 5:31 pm
Interesting take on schools, anxiety and happiness of kids.
https://ifstudies.org/blog/when-is-the-best-school-not-the-best
Calm down Karen. It’s your fault.
https://www.dailymail.co.uk/news/article-9881353/Minorities-drive-population-growth-number-white-people-declines-time.html#comments
Phoenix,
Learned a new term today from a karen. Mansplainer. Was nice as she verbally assaulted me as I proved her wrong on a social media platform. Wow. Godbless the guy/gal (she might be a lesbian) that marries or “partners” with her as she much too sophisticated for marriage.
Phoenix,
Learned a new term today from a karen. Mansplainer. Was nice as she verbally assaulted me as I proved her wrong on a social media platform. Wow. Godbless the guy/gal (she might be a lesb!an) that marries or “partners” with her as she much too sophisticated for marriage.
Boys, the society that you knew is gone. Whether you realize it or not. We are old school. The last of the mohicans.
off to the epicenter tomorrow. I’ll report back on my immunity.
BRT,
Let me know. I am following you down. What I am getting is that Disney is working on the Big Bubble. You get there and you are isolated from the rest of Orlando and Florida.
For me that is BS. If you are vaccinated you have a better chance of riding out what you catch.
Abbott is in trouble for next year’s election. The metro areas are not putting up with his banning mask mandates. A judge is allowing either Austin or San Antonio to mask up, Dallas county is suing to overturn the mandate, and Fort Worth, which is the reddest urban city in Texas, just announced they will be requiring masks in school.
https://www.wfaa.com/article/news/education/fort-worth-isd-will-require-masks-when-school-starts-next-week-superintendent-says/287-aa1476da-5b8a-4ac1-bb61-3935dce07ac2
Also the County Judge (that’s like County Executive or Commissioner in the Northeast) for Tarrant County which has Fort Worth and Arlington in it is publicly complaining about Abbott’s banning mask mandates and that he is a firm believer in local rule and the counties and towns should be allowed to do as they see fit on masks. And he is an elderly conservative Republican.
Can we all agree that Bush Jr was the last peak of conservative power? Trump was the last attempt in this country at the “white america” as we know it? The values and norms you grew up with are gone because he would not STFU. This is new america, with much different values than you or I, and more in common with AOC. Sucks, but it’s the brutal truth.
My family was from Nashville. They used to own a formal wear place called Bittners o the west end. One side of the family had a direct connection to Dinah Shore. She’d of course gotten out and became America’s sweetheart for a while.
Pumps
Will you be joining Libturd in Costa Rica?
Fannye Rose Shore was born on February 29, 1916 in Winchester, Tennessee, to Russian-Jewish immigrant shopkeepers, Anna (née Stein) and Solomon Shore, in Winchester, Tennessee. She had an elder sister, eight years her senior, Elizabeth, known as “Bessie”.
Didn’t they have a younger brother, Jeremiah, known as “Jersey”?
Ex says:
August 10, 2021 at 10:05 pm
Fannye Rose Shore was born on February 29, 1916 in Winchester, Tennessee, to Russian-Jewish immigrant shopkeepers, Anna (née Stein) and Solomon Shore, in Winchester, Tennessee. She had an elder sister, eight years her senior, Elizabeth, known as “Bessie”.
Being a history teacher…i just see the changing of the guard.
Look at cuomo, he was a Republican in dem clothing and got taken out by (shocker) a woman hungry for power. His second in charge. She was just waiting for the right time to strike.
The America you knew is gone. Trump was the last attempt at it. He failed miserably because he couldn’t shut up, and made all white males racist in the new opposition’s eyes. What a f’ing idiot. Thanks for nothing.
Watch “boys state” on apple tv. It will show you the America of tomorrow.
Go ark!!
https://twitter.com/ericbalchunas/status/1425068666966712320?s=21
Yup.
“CNBC’s Jim Cramer on Tuesday pushed back against claims that the Federal Reserve’s highly accommodative monetary policy is the biggest reason why Wall Street continues to rally from last year’s pandemic-driven sell-off.
“Every time stocks go up, you get a legion of commentators … who eagerly explain that the entire move is just an asset bubble engineered by the Federal Reserve’s easy-money policies, and it will be rolled back the moment the Fed decides to tighten,” the “Mad Money” host said. “That’s pure idiocy.””
https://apple.news/A58b22qQzTxWZukRqIWao7A
Let me know. I am following you down. What I am getting is that Disney is working on the Big Bubble. You get there and you are isolated from the rest of Orlando and Florida.
For me that is BS. If you are vaccinated you have a better chance of riding out what you catch.
Sounds silly.