NJ’s No-Stop Centers

From NJ1015:

NJ lawmakers want to force Murphy administration to open unemployment offices

Lawmakers will be introducing legislation to force the Murphy administration to open the Department of Labor’s One-Stop Career Center offices as soon as March 1 to resolve outstanding unemployment claims.

The move comes after New Jersey 101.5 news reports this week about how thousands of state residents are still in limbo, unable to resolve their claims and get help in person.

State Sen. Michael Testa and Assemblymen Antwan McClellen and Erik Simonsen, all Republicans representing South Jersey’s 1st Legislative District, released a statement Friday afternoon saying unemployment offices and One-Stops have been closed for more than 700 days.

“The constant failures have left many filers waiting months to receive any benefits while Labor Department employees are working from home, still receiving a check,” they said.

The lawmakers said the legislation would require the Department of Labor to reopen their facilities for in-person appointments with “long-suffering constituents who cannot access their unemployment benefits via the NJDOL’s failing system or face financial consequences for the failure to serve the people of New Jersey.”

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62 Responses to NJ’s No-Stop Centers

  1. Hold my beer says:

    Frist

  2. Grim says:

    I’m shocked to hear this.

  3. The Great Pumpkin says:

    My friend is waiting on unemployment from last year.

  4. Juice Box says:

    NEWSFLASH The Queen kills Covid. Pandemic is over by Royal Decree.

  5. leftwing says:

    So here’s a little vent as I clean out my inbox….ARKK….open her daily email and she dumped 10m shares of PLTR on Friday, 1% of total fund value and half her position….

    Much like her dumping Opendoor, WTF.

    Among the many issues I have with her….you don’t get to throw down a blanket disclaimer of ‘it takes five years at least’ on the (oh so many) positions that shit the bed without explaining why the LT time horizon no longer holds when you scramble to the exit on other positions…..

    What changed so much overnight on PLTR and OPEN that in one day you run away pants on fire? Only two possible answers, neither good for her….

    She didn’t like the share price action in which case the ‘give it five years at least’ thesis is total bullshit and a selectively applied security blanket for her losers, or…

    She is trying to time the market in which case the ‘give it five years at least’ thesis is total bullshit and a selectively applied security blanket for her losers…

    Or dear grandma, please tell us what so changed in the opinion of your crack analyst team, ‘the best around’, so drastically to not only negate their prior LT hold opinion from the day before but to reverse it hard and cut and run OVERNIGHT….

    In hindsight she will singlehandedly be responsible for souring a significant part of this upcoming generation on equity markets long term, dampening their wealth and fueling their cynicism. Her destruction will extend longer and beyond even the massive amounts she’s actually lost for people so far.

    The SEC finally needs to step in where it can (ie, claims of future performance), this has gotten out of hand.

  6. chicagofinance says:

    Simple, she read all the 12/31 13F’s that the big hedgies published, and copied and pasted……

    leftwing says:
    February 20, 2022 at 1:59 pm
    Or dear grandma, please tell us what so changed in the opinion of your crack analyst team, ‘the best around’, so drastically to not only negate their prior LT hold opinion from the day before but to reverse it hard and cut and run OVERNIGHT…

  7. BRT says:

    https://www.nj.com/coronavirus/2022/02/this-is-going-to-be-bad.html

    N.J. wasn’t ready for omicron. Can it fix the school chaos and testing woes before the next wave?

    Testing isn’t the problem. The fact that we promoted a large percentage of the population two years in a row without them doing anything in school is.

  8. BRT says:

    It’s not just a her problem. But she is the poster child of the problem and her losses will be the greatest. I mean…they basically already are bigger losses than any other ETF, but the outflows haven’t even happened yet.

  9. BRT says:

    btw, I have a theory. Wall street is loving her more than anything. In 2008, they had John Paulson and others create portfolios specifically designed to implode so they could bet against them. She did it on her own, and it’s a one stop shop for guaranteed winning shorting opportunities.

  10. Anon says:

    Left wing – regarding your media library.

    Try koditv

  11. joyce says:

    Phoenix,
    https://thehill.com/homenews/state-watch/593696-court-decides-officers-didnt-have-grounds-to-arrest-man-with-f-the

    Something so simple yet 6 cops and two courts couldn’t get it right… and the sheriffs office is still saying they did nothing wrong

  12. No One says:

    Fund managers talking about their positions publicly is fraught with risk.
    Tell people “we’re thinking about selling this” and they will front-run you. Tell people you love a stock right as or before you are selling and you seem like a liar or hypocrite.

  13. leftwing says:

    What has it been, five times a day over the last three weeks that invasion is imminent?

    Will they take a break with those headlines between now and the Secys State/Biden meeting, or do I just need to turn off all forms of media.

    Fucking NYT starting to sound like Punkin re: the housing market.

  14. grim says:

    Feels like at this point, if there is going to be a war, we’ll probably be the one starting it.

  15. The Great Pumpkin says:

    I see a lot of ridiculing of the warnings of the imminent invasion of Ukraine by Russia.. and i think most people don’t actually understand what’s going on.. the messaging has been a bit clumsy but is effective and is working as intended 1/

    The truth of the matter is that Russia’s war on Ukraine has started in 2014 and its most recent iteration has been ongoing for a few months now.. shots hasn’t been fired and troops haven’t crossed the border because it’s a hybrid war 2/

    The war is taking place through bullying by the show of force but more importantly in the information space.. this is where Putin operates effectively because he doesn’t play by the same rules as his western adversaries 3/

    Putin and his apparatus engage in deceit and propaganda to destabilize, intimidate and disorient their adversaries.. the show of force is in place to give the information war credibility and to make make those on the receiving end doubt themselves 4/

    When taking to its natural end, propaganda combined with a show of force makes for an effective confidence game and force Putin’s adversaries to deliver on his demands without a single shot being fired or other kinds of costs incurred 5/

    What’s happening right now is the US administration has figured out that the war is ongoing and it’s now joined in the space where it’s taking place – the information space.. as such, we are now playing the same game as Putin does in the space that he is used to dominating 6/

    It’s effective because it gives us the ability to make Putin doubt and to call out his bluff in a way that works much better then telling him that we don’t believe him.. by telling Putin that we believe his threats, these threats are undermined 7/

    https://twitter.com/copernicus2013/status/1495606414613659649?s=21

  16. The Great Pumpkin says:

    The attacks on Cathie are laughable. You know what happened. High growth stocks were the canary in the goldmine of the FED losing control of inflation. Simple as that.

    It’s not her fault, I mean what was she supposed to do? Abandon her strategy and do a complete 180 into value and commodities? Timing is everything when it comes to investing.

    Now is a good time to DCA into high growth stocks. They could go down more, but if they continue to demonstrate high growth, you will eventually be rewarded when the market shifts. Yes, investing is this simple. Just requires smarts and patience. Leave the emotion out of it.

    Just remember, it’s never easy to buy at the optimum times. It’s always easy to buy at the worse of times. Understand this unless you are a trader as opposed to an investor. Those are two way different approaches.

  17. The Great Pumpkin says:

    I’m eyeing DNA hard. Price is at levels where if their business is successful, could change your life from said investment. A 5k investment could be a life changer in 10 years at these levels. High risk, sure, but the reward is there if the risk works out.

  18. The Great Pumpkin says:

    Click the link for the chart.

    “Disposable income no longer running clearly above trend in the US

    This is likely to bring down the consumption of goods and hence also inflation.

    We are very close to peak inflation fears”

    https://twitter.com/andreassteno/status/1495747194942541829?s=21

  19. The Great Pumpkin says:

    This chart says otherwise though.

    https://fred.stlouisfed.org/series/CDCABSHNO

  20. Chicago says:

    As an aside, I am not disagreeing. However, there is really nothing here that suggests that now is an optimum time. Don’t be fooled that discounted prices suggest value price levels.

    The Great Pumpkin says:
    February 21, 2022 at 8:35 am
    Just remember, it’s never easy to buy at the optimum times. It’s always easy to buy at the worse of times. Understand this unless you are a trader as opposed to an investor. Those are two way different approaches

  21. crushednjmillenial says:

    20% of US federal Debt ($6 out of total $30T) is held on the Fed’s balance sheet.

  22. BRT says:

    It’s not her fault, I mean what was she supposed to do? Abandon her strategy and do a complete 180 into value and commodities? Timing is everything when it comes to investing.

    Now is a good time to DCA into high growth stocks. They could go down more, but if they continue to demonstrate high growth, you will eventually be rewarded when the market shifts. Yes, investing is this simple. Just requires smarts and patience. Leave the emotion out of it.

    Did you cut and past this from 6 months ago? Newsflash, she’s selling all her losers at bottom and trying to buy more illiquid positions. Like I said, she’s on Tilt.

  23. Phoenix haha edition says:

    An Oklahoma Democratic congressional candidate has apologized for ‘getting drunk and shouting at schoolgirls’, calling one ‘acne f**ker’ and another ‘Hipsanic f**ker’ during a teenage girl’s Valentine’s sleepover party before she threw up in a hamper and a girl’s shoe.

    Abby Broyles was invited over to a friend’s house to share a drink at while the friend’s daughter enjoyed a slumber party with seven other middle school girls.

  24. The Great Pumpkin says:

    Yea, I def think it will fall more. Just figure if you start DCA into high growth, should be a good move since some of those names have been destroyed.

    Chicago says:
    February 21, 2022 at 9:23 am
    As an aside, I am not disagreeing. However, there is really nothing here that suggests that now is an optimum time. Don’t be fooled that discounted prices suggest value price levels.

  25. Phoenix says:

    Well,

    Whether or not you back the Blue, you are going to pay more in taxes that’s for sure. I hope this kid gets a free ride to college from this.

    And every teenager was watching. And they know what you are. And it will mold them going forward. You are setting the examples for them.

    “Black NJ Teen Pinned In Viral Video Hires Lawyer Who Repped George Floyd, Breonna Taylor”

    “Instead, he ended up in a brawl that was caught on video and then went viral because it showed two Bridgewater police officers handcuffing only the other teen in the fight, who is Black.

    Joseph, 15, is Colombian and Pakistani and says he’s “not white.” He has been referred to on social media and in some news reports as “white” because he has light colored skin. The high school sophomore said once he saw cops put the other teen, Kye, into handcuffs, he offered himself up to be detained, too.

    Instead, the officers sat him down on a couch, the video shows.

    “I don’t understand why they arrested him and not me,” said Joseph, interviewed Friday by NJ Advance Media. “I say that was just plain old racist. I don’t condone that at all. Like I said, I even offered to get arrested.”

  26. leftwing says:

    Dude, why even pay attention to the Twit…he has zero idea what he is speaking about as publicly demonstrated here on numerous occasions….

    I could really give two shits about ‘Cathie’….except that the damage she is causing is very real for those novices who have been foolish enough to follow her….

    Investing is real neat…no subjectivity. Dollars out divided by dollars in, minus 1, expressed as a percent. Totally objective and measurable. Even a third rate HS history teacher can do that math.

    Me? I made so much from that ROKU trade on Wed/Thur of last week I’m actually embarrassed.

    CW? Down 30+% on the same trade over the same three days.

    QED

  27. Phoenix says:

    It’s pathetic when the children of America have more of an ethical and moral culture than the “so called” adults.

  28. Phoenix says:

    Hey left,

    Wanna do some investing for me. Take the cut you want.

    I’m hoping to move up from Friskies to Fancy feast when I am 70.

  29. The Great Pumpkin says:

    She’s in a tough spot, but still trying to optimize. She has been forced by the etf’s strategy to continue to buy and hold falling knives. These stocks have fallen by 50-80% and she is still alive. She seems to be selling and buying into stocks that will have the quickest rebound with the hopes of selling them to buy back into the longer positions.

    You do realize these high growth stocks have been under constant short attacks to the point that the wsj put out an article last week based on govt looking into criminal activity.

    “Did you cut and past this from 6 months ago? Newsflash, she’s selling all her losers at bottom and trying to buy more illiquid positions. Like I said, she’s on Tilt.”

  30. No One says:

    Leftwing,
    IRS and NJ won’t be embarrassed to tax your short term capital gains.

  31. leftwing says:

    And BRT, if you want to see full tilt, pull up that CNBC Halftime segment from last week…Josh Brown asks her the painfully obvious question – please explain how your largest ‘genomics’ holding is a 20 year old healthcare call center business….

    The response is painful and embarrassing….she seriously just goes on something resembling a meth fueled riff of any ‘biotech investing’ buzzword she can find without ever coming within any proximity of actually answering the question…

    She seriously looks like a pinball machine on tilt…all kinds of crazy noises caused by some wide eyed, frantic player lurching and jerking…..

  32. Phoenix says:

    Leftwing,
    IRS and NJ won’t be embarrassed to tax your short term capital gains.

    Better to have something to tax than nothing at all.

  33. Hold my beer says:

    Are the convicted capitol rioters going to have street cred, like rappers who have been shot or done time?

    https://news.yahoo.com/capitol-rioter-jenna-ryan-says-104505804.html

  34. leftwing says:

    No One, yeah thanks on that one……need margin in my IRAs…….there’s a back door solution I use for these types of trades in those accounts but it’s a drag on return…..although a lot less than 45% LOL.

    Separately, you heard it here first, pretty sure I’m out of here for the summer and then thereafter, for good……

  35. leftwing says:

    LOL Phoenix, I have my fair share of losers too lol. GT tapped me harder, both dollars and for my own stupidity, than it should have….

    Surrounded myself with people smarter than I am, take what works for them and fit it for my strengths and parameters….

    Look up quickly if you can from the blood and bones and around the OR and facility….I’m sure you’ll see a few investment opportunities, long or short…..DXCM was a miss solidly in my wheelhouse, that one still hurts….

    Good investing starts with the company and industry prospects, which are more common sense than most financial advisors will ever admit…..

  36. The Great Pumpkin says:

    I don’t know your age, or where you are moving, but think about renting if you are going to a boomer driven market. The early boomers all front loaded these markets. When the real estate market pops later this decade, these locations will be maximum pain.

    “Separately, you heard it here first, pretty sure I’m out of here for the summer and then thereafter, for good……”

  37. The Great Pumpkin says:

    Just look at what boomers did early 2000 market when they were in trade up stage of their life. Now that they drove up cheap retirement locations to unheard levels, buyers be f’ing aware if you remember what happened in the early 2000’s.

  38. The Great Pumpkin says:

    Lmao…too funny.

    ““I wish the damn fed would stop printing money.”
    — Stanley, 54, owns 3 fully levered rental properties, a pair of F-150s with 10yr leases, 3 credit cards, and just took out a HELOC on his primary residence”

  39. Fast Eddie says:

    I just made the mistake of logging in to one of my mutual fund accounts to take a look at the balance compared to a year ago. Ugh. I’m fucking nauseous now. This is a basket of index funds. Omg, what a sad sight. Fuck slo Brandon.

  40. Hold my beer says:

    4th Covid vaccine dose is coming.

    https://www.dailymail.co.uk/health/article-10535335/FDA-considering-FOURTH-dose-COVID-19-vaccine-making-annual-shot.html#article-10535335

    I think it’s $20 a dose plus administration fees. Meanwhile the vaccine those 2 Texas doctors created and gave away is $2 a dose and lasts at least 6 months, but wasn’t funded at all by warp speed and isn’t approved in this country.

  41. Libturd says:

    A couple of things on this work day.

    Pumps. I say this with the utmost kindness, although you won’t like what I am about to say the least bit. There really is no hope for you. It’s really quite simple. You ARE a sucker. This is symptomatic of your complete lack of self awareness. Worse than that, you are a little schizophrenic. This is not a knock on your intelligence, which occasionally squeezes through your wall of near impenetrable nonsense spewing

    Example? For over a year, we posted charts of the FEDs balance sheet (https://www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm), warned that it would bring on inflation and that Cathie Wood and her investment style was a runaway train with an air leak in the brake lines. Ignoring the sectors she chose and the fact that the companies she was investing in all had valuations that even Elon would be concerned about. The real issue, pointed out here countless times by many of us, was that she simply owned too many shares of the same few companies and that any significant pain to either the sectors she was so heavily concentrated in or the sky high value of those stocks would make it impossible for her to withdraw funds from those positions to pay out the massive withdrawals that would occur. Like a nuclear meltdown, the more investors pulled out, the worse the chain reaction would get. And it continues to.

    So now, not only did you ignore every single person here. You think doubling down is the solution. Yet Cathie has not even attempted to fix the flaw in her investment style which we all recognized when you were waving your pompoms.

    Another example. When Tepper moved his enormous hedge fund and residence to Florida to avoid NJ’s economically crushing business tax environment, you called David an a$$hole and said it was a huge mistake as he would never find NJ smart talent down there. When Cathie upped and moved to Tampa Bay, you called it a smart move. This is not a case of being a hypocrite. This is clearly a case of schizophrenia. The fact you don’t see it and are completely unaware of the perception of you that these positions and decisions create is just incomprehensible.

    The fact that you’re a loud mouth just exacerbates everyone’s impression of you.

    Here is my advice, which you will surely ignore. Stop personal investing. Let someone do it for you before your lack of self-awareness costs you more than your personality. Go get some therapy. It will save your marriage. Trust me. It will also save us from having to continuously ignore your blizzard of nonsense.

    I know I’m being rough on you here, but it’s honestly meant with peace and love. Trust me, it wouldn’t look like this if my goal was to piss you off.

  42. No One says:

    Left “out of here” meaning NJ?
    Where to?

  43. No One says:

    Libturd,
    Ditto.

  44. crushednjmillenial says:

    New NJ state legislative re-distrcting map is finalized.

    Basically, the big change is that two incumbent senators got tossed out by the re-districting, and two new senators will rise from the Assembly:

    OUT in 2023:
    (1) Sacco (N. Bergen)
    (2) Gill (Montclair)

    NEWLY IN in 2023:
    (1) Mukherji (Jersey City)
    (2) Timberlake (E. Orange)

    One comment – the worst, most far-left, anti-business economic proposed policies circulating around in Trenton come from Timberlake (or whoever controls Timberlake).

    https://www.apportionmentcommission.org/adoption2022map.asp

  45. Libturd says:

    Putin vs. Biden and why Biden fucked this one up too. All IMO. I really haven’t read much press about the current scenario. Remember, it’s all about Europe and

    Putin is playing Biden and Biden is playing Putin. Sadly, the supposed foreign policy expert is not terribly skilled at chess.

    Remember, Putin invades Crimea in 2014 and the world doesn’t say boo. Heck, Trump and Putin become besties. Crimea, who was a defacto part of the Ukraine prior, preferred to side with Russia. Russia wanted the ports anyway. You could say, it was a match made in heaven.

    Now does Putin really want the Ukraine? Not really. He wants bargaining power with Europe. There’s no better time for it when Europe is dependent on Russian NG (1/3rd of their supply) and when NG is at a ten-year high. Yes, those pipelines run straight through the Ukraine. Russia has never shut those pipelines down, even during the peak of the cold war. The threat of Putin doing that now is nearly null. Russia needs the revenue anyway.

    So what does Putin want? To look strong to the Russian people who must continue to elect him. By bluffing, and by having Biden call his bluff, he gets to look tough to his voters. He probably gets to force the West into a lifetime ban of admitting Ukraine into NATO (which was really always the case anyway). He gets to increase fuel revenues without sanctions against him. But most importantly, he gets the Ukraine to stay inline with Russia’s demands and essentially remain a Russian territory, scaring the likes of Belarus, and the other 7 or so satellites into thinking they are joining the West.

    Now had Biden stayed out of it? Putin would have been forced to invade probably suffering sanctions from the west for it.

    Biden made it so easy for Putin to come out with what he always wanted.

    And now you know why Biden was screaming the invasion was imminent when it wasn’t. He had to make this look urgent. NG demand in Europe will soften in another 30 or so days as the Spring arrives.

    So you ask, what is in it for Biden? Anything to avoid looking more and more like Jimmy Carter.

  46. Ex says:

    11:39 Damn. That one smarted a bit. But sometimes: https://youtu.be/b0l3QWUXVho

  47. The Great Pumpkin says:

    Putin’s speech became raving, a screed of ahistorical grievances and delusions, the myth of Russian humiliation. The focus on NATO and the US is because big bosses need the biggest enemies and Ukraine won’t do. But Ukraine must suffer for Putin’s incompetence and viciousness.

    https://twitter.com/kasparov63/status/1495844575130308609?s=21

  48. Phoenix says:

    Just got my government ordered vaccine. Haha

  49. The Great Pumpkin says:

    Lib, thanks for looking out, but I’m going to be okay when it comes to investing.

    Ark funds is going to be fine down the line. Just takes time and patience to wait for the bottom and eventual turn around. High growth is the only way to make money long term based on future conditions of high debt and deflationary pressures. Bond market says deflation is coming. Sure, they raised short-term, but they are not budging on long-term because they know deflation is a coming. Going to be really hard to make money with stocks that aren’t fast growing in these conditions. Obviously, this is going to come with higher risk, but what are you going to chase stagflation type yields?

  50. The Great Pumpkin says:

    So if you are not a disruptive innovation, how are you going to make money on growth when the your customer base is not growing anymore due to non existent population growth. Going to get ugly for businesses fighting over a pie that is no long growing.

    That’s why better really really make sure you buy real estate in strong locations. Real estate scares me 2030s on due to demographics. Ponzi scheme needs a growing population or it’s f’ed. Only top locations will hold their own, and that’s because the rich are competing for it. Other classes, f’ed. Just my two cents.

  51. Ex says:

    Guess what — what qualifies as a “Top Location” is a moving target now.

  52. Clown World says:

    Pumpkin – Would you care to elaborate on this statement for a dumb clown?

    “Bond market says deflation is coming. Sure, they raised short-term, but they are not budging on long-term because they know deflation is a coming.”

  53. Ex says:

    Other factors like livability and affordability as well as jobs are a big factor in where people plan to live. The weather Is delightful today.

  54. Hold my beer says:

    Ex

    It’s beautiful today in DFW too. 77 degrees at 5:40 PM.

  55. Hold my beer says:

    Which microchip did you choose?

    “Phoenix says:
    February 21, 2022 at 5:33 pm
    Just got my government ordered vaccine. Haha”

  56. The Great Pumpkin says:

    You know what it means. Low rates are here to stay.

  57. The Great Pumpkin says:

    For now, but regression to the mean will happen. Those idiots driving up real estate in remote locations are going to get destroyed. Who is going to pay them that much later on down the line?

    Ex says:
    February 21, 2022 at 6:31 pm
    Guess what — what qualifies as a “Top Location” is a moving target now.

  58. The Great Pumpkin says:

    Hot shots coming into small towns driving up 200k homes to 500k. Lmao. They are dead, they just don’t know it yet.

  59. crushednjmillenial says:

    Bridgewater “racial” incident breakdown by former cop on youtube . . .

    His take. No racism. The woman cop didn’t do her role and failed to engage the kid on the couch (she should have cuffed him). The other officer properly controlled the situation by cuffing the kid that was on the ground.

    https://www.youtube.com/watch?v=lWh4YJo8Ky8

  60. Phoenix says:

    HMB

    128 kHz, long range, 256 mb

  61. Libturd says:

    Dow (INDU) futures were down 443 points, or 1.3%. S&P 500 futures were down about 2.2%, while Nasdaq futures were down 3.26%.

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