NJ: Want your tax break? Get back to the office.

Disregard the source, was trying to find a non-paywalled version of this article yesterday.

From Florida Realtors:

N.J. to Companies: Make Workers Return

While companies continue to wrestle with the employee question – Should they be allowed to work remotely and, if so, how much? – a state government has gotten involved and more could follow.

The core issue: If a state grants a company tax breaks for agreeing to relocate or expand its business with its borders, the agreement usually includes a minimum number of new jobs. But while a company may indeed meet that mandate, does it count if those actual workers are doing their job remotely from another state?

In New Jersey, officials told about 800 businesses that they must require staff to work in the office or lose millions of dollars in state tax breaks which, cumulatively, total about $8.7 billion. At least two companies that employ more than 1,000 workers have balked, noting the pandemic isn’t over yet. 

But the issue won’t go away, and other states are studying New Jersey’s plan.

According to New Jersey officials, businesses who receive tax breaks under their “Grow N.J.” program must require staff to work in the office at least three days per week.

State officials say business growth isn’t based on only business tax growth. Growth programs also rely on jobs – often higher paying jobs – and increased business for local restaurants, service industries and retail establishments.

Two companies opted to turn down the tax breaks, but they’re not leaving the state for now.

“These two companies are leaving the Grow NJ program, not the state,”, added in a statement Tuesday. 

The program’s rules “are clear and we hold companies accountable to those rules,” says Virginia Pellerin, a spokesperson for New Jersey’s economic development group. “It is important to the state’s economy to have more workers back in offices supporting small businesses in their downtowns and central business districts.”

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

152 Responses to NJ: Want your tax break? Get back to the office.

  1. dentss Dunnigan says:

    First

  2. dentss dunnigan says:

    Don’t Get Forced Back Into Work

  3. Juice Box says:

    I bet Virginia Pellerin is working from home as well.

  4. grim says:

    You are probably right.

  5. Fabius Maximus says:

    “who is going to pay for for the corporate real estate taxes if they remove their physical location”

    Pumps, not one to usually dunk on you, but this one is particularly dumb. We also get this when people start complaining about the moving out of state numbers. The building doesn’t move. It stays where it is and the taxes are still due.

    The reality is the WFH is here to stay. I look at myself. I had surgery this week to put in a plate in my leg. In the old days that would be 3 months off work as I recover. This week I’ll claim 3 days sick leave and work on as normal.

    Even for you, where is the need for snow days? Just online teach. We now have online schools popping up.

  6. Fabius Maximus says:

    “Correlation does not imply causation, after all. Many critics of broken windows have pointed out that violent crime fell in New York at the same period of time as unemployment dropped and the economy strengthened—surely factors at least as important as the disappearance of squeegee guys. An influential 2006 article in the University of Chicago Law Review by Bernard Harcourt and Jens Ludwig argued that the falling-crime trend in 1990s New York ran parallel to the natural waning of the crack epidemic that had ravaged the city in the years before. Other researchers found from their experiments that disorder does not cause crime; rather, disorder and crime co-exist, and are both caused by the same social and economic factors.”
    https://psmag.com/news/breaking-broken-windows-theory-72310

  7. 3b says:

    The ever cheerful Peter Schiff says massive layoffs are coming.

  8. Fabius Maximus says:

    NoOne,

    Enjoy your Blood tickets.

    “Saudi Royalty and rulers were exonerated by the 9/11 commission a long time ago.”
    The redacted 28pages of the 9/11 report beg to differ.

  9. grim says:

    Is the backhoe included?

  10. Fast Eddie says:

    I’ll assume the backhoe is not included. lol.

    And I don’t know much about a metal roof. Gotta look that one up.

  11. Juice Box says:

    Fab – I have no doubt the extremists there and other countries funded Bin Laden an even cheered when the towers fell , but the 9/11 commission who had all the intel did not point fingers at the Royals. Unless we decide to invade and interrogate and even torture them like we did in Iraq the answers will never come. BTW enjoy you blood gasoline you have given them way more money than a couple of discounted golf tickets ever will, and unless you start living an Amish simple life all the products made from Saudi oil will be in your home and life forever.

  12. The Great Pumpkin says:

    Huh? If WFH became the norm, who is going to have a building? They could just use some offshore location as their address.

    Fabius Maximus says:
    July 29, 2022 at 8:20 am
    “who is going to pay for for the corporate real estate taxes if they remove their physical location”

    Pumps, not one to usually dunk on you, but this one is particularly dumb. We also get this when people start complaining about the moving out of state numbers. The building doesn’t move. It stays where it is and the taxes are still due.

  13. Juice Box says:

    Eddie – Metal roof too nice..

  14. The Great Pumpkin says:

    I’ll post the entire piece, but Noonan absolutely rips WFH. She is right too…will destroy our society like I have been saying.

    “The Lonely Office Is Bad for America
    Employees may like remote work, but it tends to break down both organizational and national culture.”

    By Peggy Noonan
    July 28, 2022 6:44 pm ET

    https://www.wsj.com/amp/articles/the-lonely-office-is-bad-for-america-work-from-home-polarization-professionalism-ambition-mentorship-unity-friendship-zoom-11659033821

  15. The Great Pumpkin says:

    Where are we in the office wars? I think there’s an armistice between the return-to-the-office side and the work-from-home forces. Perhaps hostilities will resume in the fall. Bosses are hoping the old reality will snap back as the drama of 2020-22 recedes, that people will start to feel they need to come back, or can be made to. The work-from-home people are dug in, believing they’re on the winning side, that the transformation of work in America, which had been going remote for years, was simply sped up and finalized by the pandemic. In this tight job market they have the upper hand. Employers are fighting for talent: Fire me—I’ll get a better job tomorrow, and you’ll get 50 hours with HR onboarding my replacement. The balance of power will change if the slowing economy leads to layoffs and hiring freezes.

    The benefits of working from home are obvious: freedom, no commute; it’s easier to be there for family, the dog, the dentist appointment. Less time wasted in goofy officewide meetings. I’ve wondered if there is another aspect, that office life was demystified by what began in the years before the pandemic, the rise of HR complaints and accusations of bullying, bad language and sexual misconduct. Add arguments over masks and vaccines, and maybe office life came to be seen less as a healthy culture you could be part of and more like a battlefield you wanted to avoid.

    Arguments against working from home are largely intangible, and I focus on these. They are less personal, more national and societal.

    I don’t want to see office life in America end. The decline in office life is going to have an impact on the general atmosphere of the country. There is something demoralizing about all the empty offices, something post-greatness about them. All the almost-empty buildings in all the downtowns—it feels too much like a metaphor for decline.

    My mind goes first to the young. People starting out need offices to learn a profession, to make friends, meet colleagues, find romantic partners and mates. The #MeToo movement did a lot to damage mentoring—senior employees no longer wanted to take the chance—but the end of office life would pretty much do away with it.

    There will be less knowledge of the workplace, of what’s going on, of the sense that you’re part of a burbling ecosystem. There will be fewer deep friendships, antagonisms, real and daily relationships. Work will seem without depth, flat as a Zoom screen. Less human. Without offices you’ll lose a place to escape from your home life.

    My guess is the end of the office will lead to a decline in professionalism across the board. You learn things in the hall from the old veteran. You understand she’s watching your progress, and you want to come through with your excellence. Without her down the hall, who will you be excellent for?

    There will likely, in each company and organization, be a decline in a sense of mission. A diluting of company spirit looks to me inevitable. Spirit, mission—they come from people and are established and imparted through being together, sharing a particular space, talking to each other spontaneously and privately, encouraging and correcting.

    At some point in the 20th century, America invented big-scale office life. We were the envy of the world for it. Without it there will be less bubbling creativity, less of the chance meeting in the hall and the offhand comment that results in brains sparking off brains.

    Companies may seem more communal, in a way—Zoom screens aren’t explicitly hierarchical. But there will be less clarity, and less leadership. Jamie Dimon of JPMorgan Chase, who has said he wants people back in the office and experienced pushback for it, just stated in his annual report that people with ambition “cannot lead from behind a desk or in front of a screen.”

    It is possible working at home is changing the nature of professional ambition. A piece last month in the Journal by Callum Borchers cited Jonathan Johnson, CEO of Overstock.com. To foster a sense of togetherness and shared mission, he invited everyone on staff to join him for lunch every Tuesday at the company’s Midvale, Utah, headquarters. In eight months, a total of 10 people attended. “Most of the time, I eat my peanut butter sandwich alone,” Mr. Johnson told Mr. Borchers, “When I was 25, if I had a chance to eat my sandwich with the CEO, I’d have been there.”

    We’re pro-ambition in this space: God gave you gifts, bring them fruitfully into the world, rise and make things better. Then again maybe this age is making people ambitious for different things.

    Here are my two greatest concerns. The first is that in my lifetime the office is where America happened each day. That’s why many of our most popular TV programs were about the office, from “The Mary Tyler Moore Show” through “Mad Men,” from “ER” through “30 Rock” and “Parks and Recreation.” You can name others. Even “M*A*S*H” was about the workplace. And of course “The Office.” Without Dunder Mifflin, how would Jim have met Pam? How could the utterly ridiculous Michael Scott have entered your sympathies without seeing him every day, and knowing him?
    The primary location of daily integration in America—the coming together of all ages, religions, ethnicities and political tendencies, all colors, classes and conditions—has been, during the past century, the office. It is where you learn to negotiate relationships with people very different from you, where you discover what people with different experiences of life really think. You discern all this in the joke, the aside, the shared confidence, the rolled eyes. And with all this variety you manage to come together in a shared, formal mission: Get that account, sell that property, get the story, process those claims.

    Daily life in America happened in the office. If it doesn’t, where will America happen?

    And, this being a political column, my second worry. The end of the office will contribute to polarization. Receding from office life will become another way of self-segregating. People will be exposed to less and, in their downtime, will burrow down into their sites, their groups, their online angers. Their group-driven information and facts.

    I suppose what I fear is a more disembodied nation. You can see it on the TV news—the empty, echoing set where there used to be people at desks in the background, running around. You see it in big offices when you go to see an accountant or a travel agent. There is no there there.

    Disembodied isn’t good. This fall and winter I hope we see the buildings full and the people going in and out. I want the center of our cities to hum and thrum again.

    I don’t want America to look like an Edward Hopper painting. He was the great artist of American loneliness—empty streets, tables for one, everyone at the bar drinking alone. We weren’t meant to be a Hopper painting. We were meant to be and work together.

  16. The Great Pumpkin says:

    Look at what it’s doing to ambition…smh.

    “It is possible working at home is changing the nature of professional ambition. A piece last month in the Journal by Callum Borchers cited Jonathan Johnson, CEO of Overstock.com. To foster a sense of togetherness and shared mission, he invited everyone on staff to join him for lunch every Tuesday at the company’s Midvale, Utah, headquarters. In eight months, a total of 10 people attended. “Most of the time, I eat my peanut butter sandwich alone,” Mr. Johnson told Mr. Borchers, “When I was 25, if I had a chance to eat my sandwich with the CEO, I’d have been there.””

  17. The Great Pumpkin says:

    It’s a complete joke…professionalism getting flushed down the toilet.

    “My guess is the end of the office will lead to a decline in professionalism across the board. You learn things in the hall from the old veteran. You understand she’s watching your progress, and you want to come through with your excellence. Without her down the hall, who will you be excellent for?”

  18. The Great Pumpkin says:

    Will create the largest and most dangerous echo chamber ever. This is completely scary…can society survive this kind of echo chamber? I don’t think so.

    “And, this being a political column, my second worry. The end of the office will contribute to polarization. Receding from office life will become another way of self-segregating. People will be exposed to less and, in their downtime, will burrow down into their sites, their groups, their online angers. Their group-driven information and facts.”

  19. grim says:

    What a load of crap.

  20. Juice Box says:

    How do you say that in Polish?

  21. The Great Pumpkin says:

    Grim,

    Agree to disagree, obviously.

    We are slowly destroying our society by creating a digital life instead of living in reality with our fellow human beings. Prob no turning back at this point like you all say. We are living in a digital world, with digital friends, and a digital life.

  22. The Great Pumpkin says:

    Only thing we do in reality is go on vacation, school, and some shopping; but how long before this is all digital?

    Just look at dating. It’s comical. Do clubs or a bar scene even exist anymore?

  23. 3b says:

    Peggy Noonan another old timer , 71 years old, and can’t accept the world of work has changed. An over the top, sentimental longing for the past article, that does not reflect the world today, and how different and difficult it is today to have both parents have to work and balance families. I did not have those issues when my kids were young, and I am guessing Peg did not either. The younger generations will decide the future of work, not old timers like Peggy longing for a very romanticized past.

  24. The Great Pumpkin says:

    Restaurants too is still a part of reality…but for how long? Someone posted the other day about the mobile unit that cooks in front of your house.

  25. The Great Pumpkin says:

    3b,

    But has it really changed for the better? Are we better off since facebook entered our lives? Are we happier? Based on all the crazy crimes going on out there since the pandemic, I don’t think so. You are prob right, nothing we can do about it, but it destroyed life as we know it. 90s was peak society by a mile in my humble opinion. The world has become lonelier and lonelier. People don’t even want to talk to you unless it’s through a screen. Sad.

  26. Fabius Maximus says:

    Juice, thats like saying Saint Ronnie never wrote a check to the Contras.

    BTW I drive a Prius so not sure of where I got my last fill up. There is good chance there is Socialist Citco gas in the tank …. :*) Or maybe Russian Luxoil.

  27. Juice Box says:

    I like the Polish translation.

    “Co za bzdury”

    Means what nonsense.

  28. Fast Eddie says:

    On Thursday, the Biden administration approved a plan to complete a section of the border wall near Yuma, Arizona.

    The plan includes filling four major gaps in the wall that continue to allow the Yuma area to be one of the busiest corridors for illegal immigration crossings.

    Department of Homeland Security Secretary Alejandro Mayorkas authorized the new plan, which was started by the Trump administration, in an effort to “deploy modern, effective border measures” and improve “safety and security along the Southwest Border,” the agency said.

    Build Back Better! LOL!!

  29. The Great Pumpkin says:

    Salary expectations

    The average salary Americans need to feel financially healthy went down 13% from six months ago to an average of $107,000 overall.

    However, there was a lot of variation between generations. Here’s the average salary each generation says they need to feel financially healthy:

    Gen Z: $171,633
    Millennials: $133,758
    Gen X: $112,222
    Baby boomers: $78,317
    Interestingly, Gen Zers need the highest salary to feel good financially.

    This is partly due to the housing market, says Paul Deer, certified financial planner and vice president of advisory service at Personal Capital. Home ownership now incurs a much higher cost than it used to, so it makes sense that younger generations want to earn more to feel secure enough to keep up with the expenses.

    It’s also worth noting that financial health is subjective, and will mean different things to different people, depending on their priorities.

  30. SmallGovConservative says:

    The Great Pumpkin says:
    July 29, 2022 at 8:56 am
    “…professionalism getting flushed down the toilet.”

    Professionalism in the workplace was mortally wounded by baby boomers 30+ years ago with the advent of ‘business casual’. I’ve always suspected that people coming into work wearing a Grateful Dead concert t-shirt and cargo shorts, even if they more or less ‘did their job’ on any given day, could never be relied upon to act professionally when it counted. I actually think this, more than anything else, explains the real estate-led crash of 07/08; a professional mortgage originator for instance would never extend a no-doc loan, and a professional analyst at S&P or Moody’s would never give an AAA rating to an MBS loaded with no-doc mortgages.

  31. Fast Eddie says:

    Yesterday, I went to the store and picked up a package of chopped meat, store brand hamburger rolls, three medium sized zucchini and a store brand package of cookies. Total price: $23.65. I believe we need another trillion dollar slush fund bill. :o

  32. Juice Box says:

    Fab – all that plastic in your life, your roof shingles, the road you drive on…It’s endless and everywhere all covered in American blood and Treasure for Saudi oil.

    Look I was never for the Iraq invasion. 81 Democrats voted for that war in the House and 29 democrats in the Senate. That AUMF from 2002 literally passed 13 months right after 9/11 as we tried to place blame on someone else besides the Kingdom. That includes Biden, Schumer, and Pelosi three old coots still running our country today that should instead be playing shuffle board and canasta.

    I would have been willing to support another resolution and you can bet many other Americans would have too but the Cabal of power in Washington on BOTH sides of the isle won’t have it, too much at stake for them.

  33. Phoenix says:

    “Don’t Get Forced Back Into Work”

    Collecting govt bennies is much better.

  34. SmallGovConservative says:

    Got to admire the spunk of Dem stooges like OC, Flab and others, trying to tell us that crime in NYC isn’t really that bad, and that anyway, it was do-nothing Dave Dinkins that solved it back in the 90’s. Those of us who’ve been commuting to the city for 30+ years know that Dinkins was nothing more than a party hack who became mayor when it was ‘his turn’, and like Adams now it appears, seemed more interested in enjoying the perks of the office than actually governing. And don’t even bother trying to use crime stats anymore as a true measure of the state of affairs in the city (or state); between de-criminalization, refusals to prosecute, and frustrated cops no longer bothering with arrests, it’s simply impossible to quantify crime — which is exactly what the Dems want. But all you really need to know about life in NYC/state right now is that the guy that attempted to assassinate the Rep candidate for governor was charged with second degree assault and allowed to go home that same day, and that a law-abiding, tax-paying bodega worker who simply defended himself when attacked and assaulted at his job, was charged with murder by the Dem Manhattan DA.

  35. Juice Box says:

    Fab – Want to learn a bit more about where your gas actually comes from? We really don’t make gasoline here anymore. You can bet the gas in your car is a mix of saudi, russian, African and other sources… The entire Northeast is now dependent on fuel from pipelines or that comes in already finished and from overseas tankers. We don’t really know where the oil comes from or goes that makes those fuels anymore. It still can be Russian for example because it was refined in another country.

    The only operating refinery in NJ now is Bayway refinery in Linden and it gets raw crude oil if from Bakken oil fields of North Dakota and Canada oil sand gunk, and all those rail cars? They are the same ones that cross over your reservoir in Oradell a few times a week. They also get a few tankers from West Africa.

    The other refinery is Paulsboro Refinery it’s been shut down since 2020 due to lack of demand because everyone is not driving to work everyday. The other nearest one in Philly blew up in 2019. That has been shut down since.

    I have been saying the Russian oil will continue to flow regardless of what we try because well just look at the Ruble. Somebody is buying it and it isn’t to trade for borscht and caviar.

  36. Grim says:

    We had a shitty car in the early 90s we called the “city car”. I think it was my brothers first car, and he’d gotten a newer one, but him and my sister kept it to use to go into NYC. I still remember how worried my our parents would be when we said we were going to the city, even into the mid 90s.

  37. The Great Pumpkin says:

    “That Russian Soldier that castrated a Ukraine Soldier on Video will likely be one of the dumbest things Russia has done in this War. The retaliation will be specific, personal and brutal. It might go all the way to the top.”

  38. The Great Pumpkin says:

    Small,

    Professionalism is pretty much dead. Don’t even get me started with schools.

  39. Juice Box says:

    We had an NYC beater car too. It was an old 1970s Caprice Classic passed down from my Uncle after cancer got him. Car was jacked at gunpoint from me outside a club in Manhattan in 1989. Gun pointed at me as I was getting into the car around the block from the club as I went alone to get it and pick everyone up because it was raining hard and well the girls did not want to get wet. Car was later found on the streets in the 42 precinct in the South Bronx and impounded. Turns out the hoodlums who did it just wanted a ride home instead of taking the subway. That night I bumped into LL Cool Jay on the dance floor so it was not all bad. When we got the car back to NJ it was in decent shape and we still drove it for years.

    I did go down once to the precinct when the detective called me, he asked me to describe the hoodlums and showed me a pile of mug books to look through. I kid you not five mug books of perps and only one white kid. Again this was the South Bronx in 1989…Fun Times.

  40. Juice Box says:

    Speaking of the war the Ukrainians are taking the fight to Russian territory now over the border. They are launching our switchblade drones over the border and well killing people dressed like civilians.

    https://www.youtube.com/watch?v=U5b6Ir_jVQg

  41. The Great Pumpkin says:

    CHINA’S COMMERCE MINISTRY: U.S. CHIP ACT WILL DISTORT GLOBAL SEMICONDUCTOR SUPPLY CHAIN, DISRUPT INTERNATIONAL TRADES

  42. The Great Pumpkin says:

    Guess it’s a good thing if China upset..

  43. joyce says:

    Update the prescription on your reading glasses

    SmallGovConservative says:
    July 29, 2022 at 9:58 am

  44. Juice Box says:

    Chip act is what 52 Billion only for actual plant construction in the USA. Intel is building a new plant now at the cost of what $20 Billion so this bill will subsidize around 2.5 new chip fabs or partially a dozen? That does not turn the USA into a dominant chip fabricating country. We need way more plants here.

    What is in the rest of that bill? $170 billion for technology research and development for R&D Hubs and investments targeting artificial intelligence, quantum computing, wireless communications and precision agriculture.

    Ok so what is this subsiding startups and universities? Hard to tell…

  45. The Great Pumpkin says:

    “Chinese equities are a bit ahead of US equities on this cycle.

    SHSZ300 vs. DOW

    Note how they peaked earlier, started correcting earlier, had their counter trend rally earlier (wave IV) and now they have resumed earlier.

    The world is a big FLOW CHART OF CAPITAL.”

  46. The Great Pumpkin says:

    “We just got hotter-than-expected U.S. economic data across the board: bigger wage gains as per ECI, more personal spending, hotter inflation as per the PCE deflator figures. Yields move higher.”

  47. No One says:

    “…DISRUPT INTERNATIONAL TRADES”
    Ha ha it’s such a Chinese mistake to make trade plural.
    When is the media going to point out to the world that China is even more fascist and more dangerous than Russia?
    On WeChat Chinese are making all sorts of memes about that Xi/Biden phone call and how Biden and the US is getting pwned by the mighty Chinese and how they are going to sink our aircraft carriers.

  48. joyce says:

    Ugh, everybody agrees there’s a problem (except for the well connected) but yet they don’t come to the conclusion that the only solution is ending the program.
    https://www.nj.com/opinion/2022/07/camden-group-hopes-to-expose-the-truth-about-corporate-subsidies-opinion.html

  49. OC1 says:

    “Got to admire the spunk of Dem stooges like OC, Flab and others, trying to tell us that crime in NYC isn’t really that bad, and that anyway, it was do-nothing Dave Dinkins that solved it back in the 90’s.”

    SmallGov, if you want to know what I think, you should read what I say, and not what other posters said I said.

    I have said nothing about current crime in NYC, and I neither praised, nor criticized, the crime record of any mayor.

    Literally, all I did was point to the crime statistics.

    For that, I came under criticism, because those stats conflicted with a certain poster’s “feelings” and “personal truth” about NYC crime

  50. The Great Pumpkin says:

    Good read.

    “Oh, Joe Manchin, You have been mostly silent on the SALT cap issue. Denying any opportunity to take a stance. When you finally admitted where you stood, you revealed that you’re a populist. “Our tax code should not favor red-state or blue-state elites with loopholes like SALT,”. The irony of populism is that it’s purported by the people that are Elite. Similar to when Think Tanks love talking about “The Rich”, but in fact work for the Rich. This is nothing short of dishonesty and if Americans can’t start seeing this reality, I am afraid we will continue to be manipulated. For argument’s sake, let’s go ahead to discuss math for a moment.
    The measurement for who’s the Elite is based on whether or not they are impacted by the SALT Cap.
    If hitting the SALT cap is the measurement for who’s Elite, then it can be argued the people across the 50 states with million-dollar homes and infinite taxable income (no income tax states) are not Elite. The teachers, firefighters, police, anybody with a home in New York or California? They are the elite. Don’t believe me? Lets’ look at some example properties to compare.
    Below you’ll see two properties. One is 1/5th of the value of the other. They both have the same property taxes however one is considered median value (Long Island) and the other is considered a giant mansion.

    Now if for example, you are Joe Manchin. You are saying that the people in these two homes are both Elite. People are welcome to their own opinions however they aren’t entitled to their own facts. If you want to discuss topics honestly, let’s end the demagoguing and lies and start discussing math and equity among states. The SALT cap is mostly siphoning tax revenue from 4 states.”

    https://www.saltcap.org/home/arguments-for-and-against/manchin-calls-everyday-americans-the-elite

  51. leftwing says:

    “I have no doubt the extremists there and other countries funded Bin Laden an even cheered when the towers fell…”

    Was ready to walk into a 3pm meeting in Zurich that I postponed. Obviously was there overnight, the coverage coming out of the Middle East live into the continent was the equivalent of New Years 2000 in Times Square times last year’s Super Bowl…obviously I was on the phone with home, none of that appeared on CBS, CNN, etc. Won’t ever forget the outpouring of humanity into the streets in exuberant celebration…people could barely move it was so packed….

    Colored my view not just of one side of the Middle East but also of mainstream US media….

  52. Phoenix says:

    Joyce,

    The corporations run the government, not the other way around.

    Politicians prefer money, kickbacks, nepotism, etc much more than they care about those who voted for them.

    It’s all just a game. Thanks for playing.

  53. Phoenix says:

    Increased inequality=increased crime, despair, divorce, suicide.

    Enjoy.

    You got what you asked for.

  54. Phoenix says:

    LW,
    As much as the Daily Mail, a UK paper, is a tabloid, it does print and expose plenty of things the American papers do not.

    It’s a bit unfiltered. But I like that, raw data is always good.

    It’s biased as well, but that is easily weeded out.

  55. No One says:

    That saltcap.org guy sounds like a real bonehead. A big advocate of high state and local taxes apparently. Probably works in the public sector, I’m guessing. Not very good at web design either.

  56. leftwing says:

    “…the world of work has changed…how different and difficult it is today to have both parents have to work and balance families.”

    Yes, but….first mover advantage….

    ‘We’ are in such a two earner family back against the wall pickle now because that became the norm in an obvious race to the bottom…However many decades ago here you had neighborhoods – highest end – that may have been populated by docs, lawyers, bankers, and corporate execs. You had the next level populated by corporate managers. And so on. All in houses afforded by one breadwinner.

    Somewhere along the way two corporate manager spouses – instead of one – went to work. They were able on two salaries to ‘move up’ to the single earner doc neighborhood. And then two typical white collar types went to work and were able to ‘move up’ to the single earner corporate management neighborhood. And so on.

    It worked very well for these early two earner couples…but…as more and more did it to ‘move up’ it caused the two earner family and the associated inflated prices to become the norm.

    In other words, after the first movers captured an advantage all that happened was a dramatic and permanent step up increase in prices for the majority of people with no commensurate increase in lifestyle or well being. Two people now needed to work for housing that was once affordable by one. It’s how we get to $850k crapshack knockdowns in better parts of Bergen, Morris, and Essex counties.

    WFH is the same…first movers will have an ‘advantage’ and capture gains. As it becomes the dominant mode in society compensation will follow the housing path, adjusting to the detriment of the earner.

    Go back to the origins of this board, you’ll see I offered this view then (what 15 years ago?). I came to NJ and all I heard here was ‘how wealthy we are’.

    What I saw instead was two parents stumbling exhausted around homes they barely occupied primarily just for sleep as they worked/commuted 13 hours a day while spending their disposable income to outsource their typical family obligations to paid third parties. I think I actually typed at the time that you were not wealthy but indentured servants.

    Few listened – we were so ‘wealthy’ after all – until the alternative and traditional mode of living was thrust back upon them by way of a pandemic and they realized they had been sold out.

    WFH is the same. The path back to quality of life is not through selling out your employment (for the second time in a generation) for rapidly diminishing and temporary gains accruing to a handful of first movers. Mark these words. There is no rational gaming I can play out that ends with a net positive to professional residents of the NYC metro area.

  57. JCer says:

    OC1 not “feelings” or “opinions” you dolt but rather lived experienced combined with data which DOES NOT support your flawed assertions.

    Again why did you bring it up, why were you thinking about it? Could it be that after DeBlasio’s massive failings and the death of Dinkins left leaning publications tried to revisit his record as mayor? Despite what you think the only reason this is on your mind is because you saw something in a lefty publication that prints half truths using selective data.

    It is pure cognitive dissonance that liberals want to claim crime is a result of external factors and not policies decisions made by their politicians. You are trying to shift the conversation, shift the narrative away from policy failings by claiming policy was not the cause nor the solution to crime in the past.

    Again I posit that when looking at the “murder rate” in the data you provided you can extrapolate how much overall crime went down because you cannot fudge murder data, when there is a body and a person dies under suspicious circumstances, there is an investigation. Other crimes can be reclassified, not reported, slip through the cracks. Within 2 years the murder rate dropped by 70%, that is indicative of the successful policy changes that happened in Guliani’s administration.

    Go back and look at contemporary sources, even magazines like the NYer declared crime in NYC dead in 1995, the changes were so stark. It took a return to failed policies instituted by DeBlasio and misguided bail reform instituted by NYS to cause crime rates to tick back up and no it’s not COVID as crime had already started to rise before COVID hit our shores. So not it’s not “feelings” or “opinons” it is data based and incontrovertible, trying to skew the conversation by basing it on selective data that may or may not be accurate is what you were doing with your original post because politically you disagree with Guliani.

  58. leftwing says:

    Joyce…I was going to type yesterday how much I appreciated your sharp and accurate punch-ins to conversations even before you tossed me a compliment (thank you). Keep going, and keep these guys honest :)

  59. Gas & Chips says:

    https://www.eia.gov/energyexplained/gasoline/where-our-gasoline-comes-from.php

    Nearly all of the gasoline sold in the United States is produced in the United States.

    Intel will spend $20B – $100B at the new Columbus facility. Word is Samsung is considering up to $200B to build chip fabs in Texas.

  60. Phoenix says:

    Nearly all of the gasoline sold in the United States is produced in the United States.

    Refined or produced? My guess is refined.

  61. OC1 says:

    “Again why did you bring it up, why were you thinking about it?”

    I brought up the crime stats because there was a small conversation going on re the effectiveness of stop and frisk.

    “Despite what you think the only reason this is on your mind is because you saw something in a lefty publication that prints half truths using selective data.”

    Ummm… no. That discussion prompted me to look up the crime stats. (I posted the link to those stats twice).

    Other than pointing to those stats (which show exactly what I said they did) I have really said very little on this.

    I haven’t praised or criticicized any mayor.

    Most of my posts have been questions to you about how many unreported crimes there were, when they went unreported, and how you know that.

    Still waiting for an answer to those questions.

  62. The Great Pumpkin says:

    Post of the year, imho. And speaking from someone that argued with you unable to see the light at the time. I was wrong.

    Man, it’s crazy how we are our own worst enemy. We drove up the prices on ourselves in the race to the bottom. Blame whatever you want, but the damn truth is unnecessary competition with ourselves drove up the price of housing. And like you rightfully point out, the only real winners are the first to compete. Same will happen like you say with WFH, early winners will push a doomed competition on the future. They will be huge losers like the housing competition. Won’t benefit from taking advantage of cheap locations as the prices have already been driven up and will be left with a nasty competition for their jobs that will result in falling value on their wages. Sucks…

    leftwing says:
    July 29, 2022 at 12:35 pm

  63. The Great Pumpkin says:

    Lefty,

    You used to throw some hard punches at me, and obviously my personality doesn’t do well with that kind of approach. I became argumentative and combative in defense of my ego. I wish learning didn’t have to be so painful, but it’s the way you learn sometimes, especially when you are stubborn. Trying to continue to mature and grow as an individual. Thank you for the lesson.

  64. The Great Pumpkin says:

    I get it with the high state and local taxes, at the same time, you have to realize the salt cap doesn’t stop it from happening…it only punishes these individuals even more. As a libertarian, how can you support that?

    And I am seeing the light…I am with you, they need to control these taxes. Just the salt cap is not the answer, just another tax on individuals that are already overtaxed.

    No One says:
    July 29, 2022 at 12:22 pm
    That saltcap.org guy sounds like a real bonehead. A big advocate of high state and local taxes apparently. Probably works in the public sector, I’m guessing. Not very good at web design either.

  65. Phoenix says:

    Now this sounds like fun.

    China fired its most direct warning shot yet amid reports that House Speaker Nancy Pelosi may visit Taiwan on Friday, saying that if the speaker’s plane is accompanied by U.S. fighter jets, they would not rule out shooting them down. ‘If US fighter jets escort Pelosi’s plane into Taiwan, it is invasion.

  66. The Great Pumpkin says:

    “Mayor Eric Adams of NYC declared the US has entered into a recession and “Wall Street is collapsing,” per NYP.”

  67. The Great Pumpkin says:

    Personally, I believe this is only the beginning. Housing drives the economy. Sales have dropped like a rock. Going to ripple through the economy over the next 6-12 months. It takes time for rate increases to go through the economy.

  68. The Great Pumpkin says:

    “Over the last month:

    – Equity markets have rallied 8-10%
    – Bond markets have rallied 5-7%
    – HY Credit Spreads tightened 100 bps
    – 30y mortgage rates down 60+ bps

    If you are a Central Banker whose only mission now is to fight inflation, you can’t like what you see.”

  69. Libturd says:

    I did pull the trigger across all of my accounts. Did my IRAs this morning and our 401Ks will trigger this afternoon. I am now 50/50. It’s an ideal position considering that it’s impossible to determine which way the markets are going to move from here with the length and depth of the recession completely unknown. It also feels nice to lock in some more of the opportunity costs that I gained by getting out so early last year. Will be watching the charts closely next week for clues.

  70. The Great Pumpkin says:

    Lmao…some people having fun with this.

    “not lowering my prices… people have a lot more money to spend now”

    “Not going back to work, stonks are back”

  71. Libturd says:

    Yes, Pumps. That is my other major concern. The FED really screwed themselves by not starting to raise rates a few years ago. Now, any slowdown in this rising rate environment is going to trigger the exact growth that the rising rates are supposed to quell. And once the rates get so high that inflation and growth is stopped, the moment they lower the rates to get things going again, it’s off to the races again.

    Powell is trying to land an Antonov 225 at Teterboro.

  72. The Great Pumpkin says:

    Lol, yup.

    “Powell is trying to land an Antonov 225 at Teterboro.”

    Agree with your post too…right now the market is in a race to be first in line the second the Fed pivots. These are dangerous times.

  73. Mike S says:

    I gotta say I recently traveled for work and didnt work from home for 1 week straight, having everyone in at the same time was really productive. While I think it makes sense for day to day to work from home 2-3 days a week, whenever you really need to get people together and discuss and plan things, its great to be in person.

    Also if any of you ever make your way to Bangalore… The Taj West End was one of the nicest hotels i’ve ever stayed at anywhere.

  74. Mike S says:

    At the same time I went in today… one of our “designated” days… the office was beyond empty. Left at lunch to work rest of the day from home and avoid the rush hour traffic…

  75. No One says:

    I’d rather see lower, flatter tax rates with minimal or no deductions. Why should people without kids subsidize people with kids? Why should mortgage interest be deductible but not credit card interest? It’s all because of political pandering and backscratching and lobbying.

  76. joyce says:

    Anaheim is a prime example of the nexus between corporate subsidies and public corruption.
    https://boondoggle.substack.com/p/anaheim-a-corrupt-company-town

  77. Libturd says:

    Joyce,

    It’s tip of the iceberg. This goes on at every level of government. It’s not just in the big cities. Heck, I’m convinced that Montclair almost let a nursing home be built on Bloomfield Avenue because the dining room was going to be named in honor of the current mayor. That same mayor nearly purchased a large portion of his church for a senior center at rates that were between double and quadruple what they would have been worth on the open market.

    I’ve been screaming it from the rafters since I was in college. Everything matters little, compared with the bang you would receive from getting all of the blood money out of all layers of government.

    But we allow it to go on. Not a peep. Until our gas prices go up. Then we make a big deal of spending an extra $20 a month at the pump.

    We are really stupid.

  78. chicagofinance says:

    Don’t just calculate a binary percentage, you need to have more of a spectrum of outcomes and likelihood of each. It is the only way to maximize your theoretical expected return under turd assumptions.

    Libturd says:
    July 29, 2022 at 1:56 pm
    I did pull the trigger across all of my accounts. Did my IRAs this morning and our 401Ks will trigger this afternoon. I am now 50/50. It’s an ideal position considering that it’s impossible to determine which way the markets are going to move from here with the length and depth of the recession completely unknown. It also feels nice to lock in some more of the opportunity costs that I gained by getting out so early last year. Will be watching the charts closely next week for clues.

  79. chicagofinance says:

    Hard to look at that Treasury curve and not think “something wicked this way comes”.

    Doesn’t mean shit though….. the markets does what it wants……

  80. chicagofinance says:

    Nice to end a business trip with an exclamation point.

    I walk off the plane and have to take a leak. Stop to see Alonso hit the home run.

    EWR C the 100’s corridor is packed.

    Walk into the Men’s and there is a woman standing there. I was surprised, but then I saw a little boy at the pint size level urinal, so mom was just giving junior some moral support.

    The kid walks away to the sink, and I realize the woman wasn’t with him.

    She goes over and uses the urinal the kid just vacated………

  81. Libturd says:

    Was he hot?

  82. Juice Box says:

    Chi – Was it one of Doctor Evil’s Assassins?

    https://www.youtube.com/watch?v=NCD8nfu1bSI

  83. 3b says:

    Lib Feds job is just about impossible at this point. This talk about a Fed pivot is rubbish, and many on the street know it. No where close to neutral rates with 9 plus percent inflation.

  84. The Great Pumpkin says:

    “The Fed pivot bailout fantasy is sadly buffoonish.

    In every Fed bailout since 2008 the CPI had been falling for 6 months and was at or below 2%.

    EXCEPT in the pandemic when markets were limit down six times in two weeks.

    Because THAT is what it takes for a bailout.”

  85. Fabius Maximus says:

    Lib,

    Looks like your time in Vegas will get you ready for the Rainy Season in Costa Rica.

    A rare thunderstorm has hit one of the US,s driest city’s in downtown Las Vegas on Thursday night, triggering flash flood warnings.Videos show water pouring into casinos and flooding parts of Las Vegas
    https://twitter.com/rawsalerts/status/1553001523550031872

    Congrats on your Multi. I would save the details until after closing.

  86. Ex says:

    Catalina Island today….you know for the Wine Mixer.

  87. 3b says:

    Bloomberg Opinion piece stating Feds going to be sorry for their choice of words on Wednesday, based on market reaction

  88. Juice Box says:

    Ex – You playing? People would kill to be in the position you are in!

    https://www.youtube.com/watch?v=lJ9HcYuGVgU

  89. Ex says:

    Epic! Beautiful place without a doubt.
    Dale was on last night man.
    Then this happened: https://youtu.be/HaC15_7IRJ8

  90. Ex says:

    The number of foreclosure starts — which is when the first public foreclosure notice happens — is up 219% since the start of the year, according to real estate data analytics firm ATTOM Data Solutions’ midyear 2022 U.S. foreclosure market report. What’s more, the number of properties that had foreclosure filings (this number includes foreclosure starts) is up 153% from the same time period last year.

  91. Hold my beer says:

    Progressive paradise? Another stop on the road to dystopia?

    https://nypost.com/2022/07/30/spam-goes-on-lockdown-due-to-inflation/

  92. Juice Box says:

    HUMM Biden Covid positive again. Pfizer claimed Paxlovid rebound rate is 2%, does not seem right.

  93. The Great Pumpkin says:

    Capitalism at work. I have no problem with it. It is what it is. Cali is one of the most desirable places to live, why wouldn’t the rich become concentrated there? Free market has spoken..

    “The state is also seeing a dwindling middle class, said Ohanian, who cited a report from the National Assn. of Realtors, outlining that the national median home sales price has reached $416,000, a record high. Meanwhile, California’s median home price has topped $800,000.

    “[California is] at a risk for becoming a state for very, very wealthy people and very, very low earners who receive state and local and federal aid that allows them to be able to live here,” Ohanian said. “We should worry about those in the middle who are earning that $78,000 household median income and is, at the end of the day, really struggling, especially if they have interest in buying a home.””

  94. Phoenix says:

    A family member is an officer, I have their card on me,” the pleading councilwoman tells Calderon. “If there’s any way I can have a ticket instead. Please.”

  95. Phoenix says:

    “I was endorsed by the police in Jersey City — I’m a councilwoman.”

  96. Ex says:

    3:54 you tell us, you live in the dystopian HQ of the United States.

  97. Ex says:

    6:51 you aren’t buying a house anywhere near the coast in CA for less than $650k.
    +\- 20 miles….from water.

  98. BRT says:

    Ok today I was in Philly airport. Masked father literally watched his toddler lick the floor at the terminal and had zero reaction. Afraid of the air but not that filthy floor? I wish I had video. Miami was a lot cooler than NJ today. Those cuban frita burgers are the real deal. Had to order in Spanish in the middle of Little Havana. In Key Largo now.

  99. Hold my beer says:

    Ex

    I don’t live in California.

  100. Hold my beer says:

    Phoenix

    She’s just building street cred for her run for governor.

  101. Ex says:

    11:08 TX is about as bad as it gets.

  102. Ex says:

    https://www.cnbc.com/2021/07/16/these-states-are-americas-worst-places-to-live-in.html

    For all its strength as a place to do business, Texas keeps trying to outdo itself when it comes to laws and policies that are seen as exclusionary. It is one of the only states with no public accommodation law to protect against discrimination. Texas Democrats thwarted a bill that would have further restricted voting in a state that is already, by some measures, the hardest to vote in. That likely saved the Lone Star State from finishing at the bottom of this list, though Governor Greg Abbott and legislators are pushing ahead in a new special session to pass the legislation. Democratic lawmakers fled the state as a way to slow down the process and draw national attention, while the Texas Senate already voted in favor of the bill.

    2021 Life, Health and Inclusion score: 104 out of 375 points (Top States Grade: F)

    Strength: Hospital resources

    Weaknesses: Inclusiveness, health, voting rights, public health funding

  103. Ex says:

    Two Words: Ted Cruz

  104. Ex says:

    Two more words: Power Grid

  105. Ex says:

    Shall I continue??

    https://www.nytimes.com/2021/10/13/opinion/texas-abortion-voting-transphobia.html

    Last month, the Supreme Court refused to block a Texas law banning most abortions after about six weeks of pregnancy. Many women don’t even know that they are pregnant at six weeks. Furthermore, the law allows for individuals, with no personal stake in the pregnancy, to sue medical personnel and even drivers who help a woman obtain an abortion in violation of the law and, if successful, win $10,000. It creates abortion bounty hunters.

    Abbott has also signed a bill barring medical personnel from providing abortion-inducing drugs to women who are more than seven weeks pregnant.

    In an undercover video released this week, Abbott boasted, “So, basically, we’ve outlawed abortion in Texas.”

  106. Ex says:

    Then there is another major issue: voting rights and voter power.

    In August, Texas passed one of the most restrictive voting bills in the country. As The New York Times reported, the law bans drive-through voting and 24-hour voting, which were used by nearly 140,000 voters in Harris County — which is about 44 percent Hispanic and 20 percent Black — during the 2020 election.

    It addition, it “would prohibit election officials from sending absentee ballots to all voters, regardless of whether they had requested them; ban using tents, garages, mobile units or any temporary structure as a polling location; further limit who could vote absentee; and add new identification requirements for voting by mail. Partisan poll watchers would also have more access and autonomy under the bill’s provisions, and election officials could be more harshly punished if they make mistakes or otherwise run afoul of election codes and laws.”

    The state didn’t stop there. Texas stands to gain two new congressional seats because its population grew, according to the latest census. And although 95 percent of that growth was due to people of color, the Republican-led Legislature is working on new maps that would increase the power of white Republicans in the state and reduce the power of people of color.

    According to an analysis by The Texas Tribune published last week, although white Texans are only about 40 percent of the state’s population, “In the initial map for the Texas House, the majority of eligible voters (known in the redistricting and census data as the Citizen Voting Age Population) in 59.3 percent of the districts are white.”

  107. Ex says:

    We’ll, bless their heart….

    Furthermore, according to The Tribune, “In the proposed Senate map, 64.5 percent of the districts have white majorities,” and “white Texans make up the majority of eligible voters in 60.5 percent of the proposed congressional districts.”

    How else to describe this other than racist gerrymandering? This is an attempt to lock in white dominance and control even after white people no longer have a numerical advantage.

    Texas is a leader in oppression. It is institutionalizing and legalizing racism, misogyny and transphobia. And the Lone Star State is hardly alone in its oppressive ambitions. Other states are watching and waiting, poised to follow its lead.

    As The Washington Post put it last month, “Texas created a blueprint for abortion restrictions,” with Republicans in at least seven other states planning to replicate the state’s restriction.

  108. Phoenix says:

    Boomer talk by Betty Noonan WSJ-followed by funniest comments:

    “I don’t want to see office life in America end. The decline in office life is going to have an impact on the general atmosphere of the country. There is something demoralizing about all the empty offices, something post-greatness about them. All the almost-empty buildings in all the downtowns—it feels too much like a metaphor for decline.”

    “I get the feeling Peggy isn’t dragging her a z z into the office every day .”

    “If all I had to do was sit down twice a week for thirty minutes to write a sh i y opinion piece, and then leave with the rest of the pigs for drinks, I would love to go to the office too.”

    “This is the same woman that said Sara Palin absolutely killed it at the VP debate in 2008. She probably has money in corporate real estate.”

    “I was about to say… Peggy talks like someone who’s never had to work in one before. I personally don’t care if I never see another office building again.”

    “The ones wanting to force other to go back don’t have to. It’s all about class war and power over other social groups.”

    “All the other signs of decline seem to be unimpeachable. Lower wages, higher costs, medical bankruptcy, student loans, no affordable housing, somehow that isn’t sad.”

    “Peggy is afraid to die alone and go forgotten. She hopes her death is noticed when she doesn’t show up to the office the next day. Her metaphors can go f themselves.”

    “So sad. Like seeing the clattering of horse drawn carriages on roadways come to an end.”

    Haha.

  109. Phoenix says:

    You have to wait till her mouth opens on this one:

    https://bit.ly/3SgVBIc

  110. Phoenix says:

    Marriage material:

    https://bit.ly/3BszJDS

  111. Phoenix says:

    Lastly, what our youth has to deal with today:

    https://bit.ly/3Sgmhc2

  112. Fast Eddie says:

    Phoenix,

    My fav is the old lady knocking people out of the way with the car. I think I need to try this one next time someone takes forever to get in their car.

  113. Phoenix says:

    Eddie,
    You don’t have the stones.

    You would lose your job, lose thousands in a lawsuit, your wife would leave you and take her government funded healthcare away from you.

  114. Fast Eddie says:

    Phoenix,

    I’ll have a few drinks before I do it and blame it on the alcohol.

  115. 3b says:

    Phoenix: A lot of angry disturbed people out there.

  116. leftwing says:

    “2021 Life, Health and Inclusion score: 104 out of 375 points (Top States Grade: F)
    Strength: Hospital resources
    Weaknesses: Inclusiveness, health, voting rights, public health funding”

    Hmmm….where you stand depends on where you sit….less of what the Left propaganda labels as ‘inclusiveness’ and ‘voting rights’, count me in, sounds great!

    Because, you know, not having 24 hour drive through voting is a major inhibition to one’s rights seeing as how our country is governed is the equivalent of a McDonalds on an interstate….

  117. Phoenix says:

    Eddie,
    Maybe you would.

    Empty parking lot, plenty of spaces.

    Disabled man blind with cane.

    Kind of like Death race 2000 stuff. You know, point system and all.

  118. Phoenix says:

    Keep government out of businesses- that’s what businesses say.

    Until it doesn’t benefit them. Looks like legislation was passed so nurses cannot “travel” instate.

    Free market capitalism- don’t worry Grandpa, these young women know your game and what you are doing to them.

  119. Ex says:

    9:47 white power!!!

  120. Ex says:

    If this all sounds familiar, it should. During the last redistricting cycle in 2010, Republicans similarly maximized their political control with districts that courts repeatedly found were drawn with intent to racially discriminate. Those legal battles lasted through almost the entire decade. Now, more examples of brazen racial gerrymandering have cropped up in the new maps, just as they did 10 years prior. Take State Senate District 10 in Tarrant County. In 2018, a coalition of Black, Hispanic, and white voters flipped the seat by electing Democrat Beverly Powell. She may not have the seat for long; the new map transforms the 10th district into a conservative stronghold that dilutes Black and Hispanic votes by way of Republican voters in several nearby rural counties.
    https://www.texasobserver.org/republicans-gerrymandered-maps-turn-back-time-in-texas/

  121. Phoenix says:

    Don’t complain about NJ Taxes. This is a steal.

    A big house, barn and 177 acre farm are for sale in N.J. — and taxes are just $13K

    https://www.nj.com/news/2022/07/a-big-house-barn-and-177-acre-farm-are-for-sale-in-nj-and-taxes-are-just-13k.html

  122. leftwing says:

    So CW is dumping Robin Hood now, near all time lows and off about 90% from its all time high…

    Anyone care to send this crazy bitch an email and inform her the strategy is actually to BUY low and SELL high?

    Other news Lib, I hit an all time high in my accounts…was holding out, three of four are individually at ATHs as well, the fourth one just can’t drag it across yet…

    I’m about 85% ‘cash’ still….although that is not necessarily the full picture as the long exposure I have is levered and offset with credits that increase my exposure if stocks come off 15-20% or so…

    I have hopped into some what I intend to be longer term holds though, again through options but my stance has moved decidely toward bullish if the names fit the criteria…Friday started legging into PARA…instead of first entering the ‘defensive’ side of the trade (credit) I entered only the long side (debit), and will use ‘defense’ only if I need to if she presents losses…

    I know it sounds arcane but it is a meaningful shift – I’m turning my strategy inside out effectively from defense to offense and taking my view on time horizon out to next year or beyond – although it is still within my broader context of capturing the first dollar increases on the upside and no losses until/unless the shares move 15-20% down…

    A summary TLDR is cautiously bullish on select names but still with a good degree of portfolio protection…think power play but with two men high against the other team’s first unit lol. I have the advantage, I’m going to use it, but not going to press too hard.

    Be careful on your moves, I totally understand and would follow your philosophy for your portfolio construction…but we are bumping right up against two distinct support/resistance lines around 4150 and 4280…personally believe to get and hold above that 4280 soon would be quite a feat…so while I agree the downside risk has diminished (and boy has vol drained out of the market confirming that) there may not be that much of an upside for compensation….

  123. leftwing says:

    “9:47 white power!!!”

    Nope. Just a firm belief that if you can’t be bothered to vote your vote really shouldn’t be counted….no one needs a 24 hour drive through voting privilege…it’s a mockery.

    I’m on record here of even tighter restrictions…as I’ve said I would favor an ownership/tax test…if you own real estate (clear vested interest in your community) or if you actually pay income taxes (clear contributor to society) you vote.

    If you have neither a vested community interest nor contribution to society then you’re just a freeloader and not only can’t but ethically and morally should not vote…

    Black, white, red, yellow, young, old, married, single, male, female, trans, inner city, hillbilly….I don’t care. Racially and demographically indifferent, responsibly not.

    And racial gerrymandering is red herring…both sides do it…or do you prefer to just highlight the Texans and ignore NY?

  124. leftwing says:

    Oh, and the easiest way to tell a Liberal argument has no basis or reason?

    The yell ‘racist’ loudly in response to opposition.

  125. Fast Eddie says:

    The yell ‘racist’ loudly in response to opposition.

    Don’t forget xenophobe, homophobe, sexist and misogynist. Democrats haven’t had a solid narrative, plan or strategy since JFK. The party of symbols… paid for by someone else and in someone else’s neighborhood.

  126. The Great Pumpkin says:

    “If the bottom is in, it would be:

    1. First bear market bottom without $VIX at 45+

    2. Fastest bear market bottom with Fed raising rates

    3. 4 months shorter than average bear market

    4. A bottom that is 12% higher than average bear market

    This is not your average bear market.”

  127. Ex says:

    11:25 never been excluded have ya buddy?

    Illini Co. Club. My hometown. I caddied there as a kid.

    They didn’t allow Jews or Blacks. The Jews started their own
    Country Club: Lake Shore.

  128. Ex says:

    10:47 I knew you might not be the sharpest knife in the drawer, but really?

  129. Ex says:

    My point isn’t they do it, we do it.
    I’m not saying no one else does it.
    What I’m saying is that one particular
    State (TX) gerimanders Best than all of
    the rest.

  130. Phoenix says:

    Y’all should stop doing it.

    Two wrongs don’t make a right.

  131. Hold my beer says:

    Ex

    California has Harris, Newsome, Pelosi, and McCarthy.

    You have woke progressive DAs doing nothing as crime soars like in the 80s.

    California will be Brazil by the end of the decade. Affluent travelling with bodyguards, massive poor, middle class fleeing.

    Overcrowded, water shortages, so what does your government do? Spends hundreds of millions to drain rainwater rapidly into the pacific out of the major cities. And encourages illegals and gives them free healthcare.

    Not to mention all of the homeless tent cities.

  132. Hold my beer says:

    Face it. To the government we are all just cannon fodder and sources of revenue and costs to be contained.

    https://nypost.com/2022/07/31/sick-9-11-first-responders-on-brink-of-losing-jobs-despite-law/

  133. Phoenix says:

    HMB

    Looks like Bin Laden only gave the first smack. You can thank your government and legal system that hands you the demoralizing blow that’s even worse than the attack was.

    Because one is supposed to be your enemy the other is supposed to be your friend.

  134. Phoenix says:

    Amazon Fresh Opens In Paramus: Here’s How It Works

    https://youtu.be/zS9U3Gc832Y?t=72

  135. Hold my beer says:

    Phoenix

    And the WTC healthcare fund is going to run out of money in 10 years. Right around when there will be a surge in office workers and residents coming down with all kinds of illnesses.

  136. Ex says:

    Cruz said that he supports the PACT Act, but said that Democrats had played a “budgetary trick” that he and other GOP senators did not support. Stewart, a leading advocate for additional aid to veterans, shared a video to Twitter on Friday, and said that Cruz’s defense was “inaccurate, not true, bullsh*t.” Kinzinger retweeted the comedian’s video the following day, sharing his own criticism of the Texas Republican.

  137. Ex says:

    Little Man….now what? Moz:

    https://youtu.be/XnpQCmsk0ls

  138. Old realtor says:

    Leftwing,
    The homeownership rate for White Americans is 72% and 43% for Black Americans.

    35% of White Americans file a tax return with zero liability. For Black Americans 48% have zero tax liability.

    Your notion of how to go about excluding people from the right to vote is inherently racist. I cannot see into your soul to determine your intent. I can only judge the impact of your idea.

  139. Chicago says:

    Where do Jews go for a good kosher sandwich at the Shore?

    Jersey Kike’s

    Ex says:
    July 31, 2022 at 12:11 pm
    11:25 never been excluded have ya buddy?

    Illini Co. Club. My hometown. I caddied there as a kid.

    They didn’t allow Jews or Blacks. The Jews started their own
    Country Club: Lake Shore.

  140. Chicago says:

    Ex: my favorite recent Mozzer track. Seems like a throwaway, but end is sublime.

    https://m.youtube.com/watch?v=l6rsRLSglKo

  141. Hold my beer says:

    Ex

    Cruz is so deeply disliked in Texas he almost lost to that lightweight Beto.

    I really think Matthew McConaughey could beat Cruz and Abbot.

  142. joyce says:

    It’s not racist; it’s discriminates against poorer people. I think I know where leftwing is going with the idea because it came up before… and while I could probably find 1-2 things I like about it; I do not think it’s a good idea. (and I don’t mean discriminate in the legal sense, I mean differentiate).

    https://njrereport.com/index.php/2021/03/10/c19-open-discussion-week-53b/#comment-1197134

    Old realtor says:
    July 31, 2022 at 7:58 pm
    Leftwing,
    The homeownership rate for White Americans is 72% and 43% for Black Americans.

    35% of White Americans file a tax return with zero liability. For Black Americans 48% have zero tax liability.

    Your notion of how to go about excluding people from the right to vote is inherently racist. I cannot see into your soul to determine your intent. I can only judge the impact of your idea.

  143. leftwing says:

    “11:25 never been excluded have ya buddy?”

    Yup, been there. but quite a stretch to confuse lack of 24 hour drive through voting with exclusionary policies. because, you know, the other 23 hours just aren’t good enough…

    “…the easiest way to tell a Liberal argument has no basis or reason?
    The[y] yell ‘racist’ loudly in response to opposition.”

    I knew you might not be the sharpest knife in the drawer, but really?

    Yeah, really you, you, you…RACIST!

  144. No One says:

    I don’t know Texas, but it sounds like those state grades are are coming from some woke journalists rather than objective criteria. Like say whether people are trying to move in vs move out of it. Seems like Texas is passing the market test among paying customers. But if they go crazy against abortions, maybe more people will leave in the future.

  145. leftwing says:

    “Your notion of how to go about excluding people from the right to vote is inherently racist. I cannot see into your soul to determine your intent. I can only judge the impact of your idea.”

    So your position is that a situation which results in outcomes other than as proportioned based on racial percentages is ‘inherently racist’?

    Might want to think hard about that one.

    As for my view on what criteria ought to be to allow someone to vote, I agree, mine are tighter than most.

    I simply do not believe that those who do not contribute to society writ large ought to have a say in how it’s run…pretty common sense proposition whether one is talking about a family, corporation, or government. In fact, to think differently is quite dangerous as the incentive is otherwise there to both do less and take more…

    Various representative forms of government have different criteria…it’s relatively new in the life of our own Republic that citizens even vote for Senators, for the majority of our history as you recall they were elected by State Legislators.

    A narrower, more qualified, with strong vested interest voting public has a higher potential of at least a more informed outcome than scooping up every homeless, deranged person and handing them a ballot…if not homeownership and/or taxes as criteria, something else…I don’t care. You may recall in jest in some past discussions on politics I would post links to photos of various persons seriously in states of disrepair and distress with the quip ‘his vote counts as much as yours’. Do you believe such person’s vote ought to count as much as yours as a philosophical matter (ie, leaving race and politics out of it)?

    You and I reside on different sides of the political spectrum and I would argue strongly that your vote ought to ‘count more’ than some deranged homeless person or meth cooking hillbilly, regardless of their races. Or yours, of which I have no idea.

    Do you believe your votes ought to all be ‘equal’ and that such situation is more likely to lead to a ‘better’ Republic?

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