From NJ1015:
NJ ADDS JOBS, UNEMPLOYMENT RATE EDGES UP
New Jersey’s unemployment rate ticked up in August.
The New Jersey Department of Labor and Workforce Development announced on Thursday that the number of jobs in the state grew by 12,300 in August, including a seasonally adjusted gain of 5,6000 public-sector jobs, mostly at the local level.
Meanwhile, the state’s unemployment rate increased to 4.2%, from 3.9% in July, due to more residents joining the labor force and fewer residents being employed, NJDOL said.
The state’s unemployment rate was 3% in August 2022.
In the private sector, job gains were recorded in seven out of nine major sectors: leisure and hospitality; professional and business services; education and health services; other services; manufacturing; information; and financial activities.
Over the past year, New Jersey added 67,300 “nonfarm jobs” — the distinction excludes certain groups such as farm workers and private household employees, but still accounts for 80% of workers who contribute to the economy.
First
Money for nothing
https://www.investigativepost.org/2023/09/14/city-hall-clerk-paid-not-to-work/?utm_campaign=mb&utm_medium=newsletter&utm_source=morning_brew
GM CEO
My compensation, 92% of it is based on performance of the company… When the company does well, everyone does well.
Looking at a 10 year chart, the stock has been stuck at 35 since then.
.@GM CEO’s $29 million pay is 362x more than its median worker.
@Stellantis CEO’s $25 million pay is 365x more than its median worker.
@Ford CEO’s $21 million pay is 281x more than its median worker.
I’d imagine Mary Barra did a bit more work than Kevin Costner’s wife.
Neither one is worth what they got paid.
BRT says:
September 17, 2023 at 8:59 am
GM CEO
My compensation, 92% of it is based on performance of the company… When the company does well, everyone does well.
Looking at a 10 year chart, the stock has been stuck at 35 since then.
Your link had a second link to her bankruptcy filing. It looks like this lady went through a divorce- probably bankrupted her. Most of what she owed to credit cards was a pittance, and it appeared she took out some other loans that may have been to pay lawyer’s fees. Plus she was getting some child support/alimony money in the filing.
Way less than I spent.
Hold my beer says:
September 17, 2023 at 8:51 am
Money for nothing
https://www.investigativepost.org/2023/09/14/city-hall-clerk-paid-not-to-work/?utm_campaign=mb&utm_medium=newsletter&utm_source=morning_brew
Phoenix
I thought it was funny a government employee goes out on paid leave pending a hearing and the hearing is never held so they collect around 500k plus benefits and get more time towards a state pension over 6 years.
Grim,
You asked about what Auto Mfg was going down first?, I say GM.
GM is a Michigan Co, aka middle America that is mediocrity through and through. With mediocre engineers and mediocre management and incredibly saviness for dropping turds in their own way.
They had EV’s in the early 2000’s, they had the hybrid large SUVs in the late 2000’s. Instead of improving and moving forward they forget them and someone else took the prize – Toyota in hybrids and Tesla in EV. Their Ultium Drive which they are putting all their EV gambling chips on is a carbon copy of Tesla’s. GM vs Tesla is like the equivalent of the mediocrity Boeing’s Starliner or United Launch Alliance vs Space X.
In short always a crappier product version, along with a dealer network made of felonious sharks, which are doing their best to handicapped GM’s future. They can’t even claimed they make American cars anymore, that goes to Tesla, they make Mexican cars so there goes the patriotic angle. Made worse in that they bet big on China with the Buick brand and made some money there. But now the Xi’s marching orders are for national home bred EVs so they are out of luck.
Ford still has the Ford family keeping an eye on decision making. Stellantis’s US brands has become the home of the cheapest and crappiest domestic ICE trucks, which is tough to lose money on it as their is a large commercial purchasing base, plus they have their European brands to balance and bail them out.
You have to give it to that martian wannabe asperger exponentially reproducing ex-afrikaner for going for the best engineers and stamping out mediocrity along the way.
Tesla’s are rolling pieces of shit invented by two other guys not named Musk.
Musk bought the firm. Nothing more. These barely engineered pieces of shit cheated countless customers with false battery/distance estimates and shoddy construction.
Tesla’s are rolling pieces of shit…
So, who’s the leading innovator in EV technology?
Who gives a fuuuuck?
If you don’t give a fuck then why are you offering an opinion on Tesla?
Because I’m not a dumbass like you. I can read and formulate opinions. See ?
Eddie
Tesla is the “Pegasus” of the Automotive World.
You should know by now that Musk gets deals and government assistance because he sells you out every chance he gets. Paypal was a gift to the government to help them collect taxes on used items the government had taxed you on the first time you bought it.
Is he smart, innovative, hardworking- yes. But there is a price to pay for everything, and this is no different. You want a car that records everything you do and sends it to the “Musk” cloud? To each his own. But when America is becoming the next China, this is just one step closer.
“Back in Florida, Tesla recently faced a negligence lawsuit after two young men died in a fiery car crash while driving a Model S belonging to a father of one of the accident victims. As part of its defense, the company submitted a historical speed analysis showing that the car had been driven with a daily top speed averaging over 90 miles per hour (145 kilometers per hour) in the months before the crash. This information was quietly captured by the car and uploaded to Tesla’s servers. (A jury later found Tesla just 1 percent negligent in the case.)”
https://spectrum.ieee.org/tesla-autopilot-data-scope
And to those of you who use Waze, don’t be surprised one day to find out your insurance went up because Google sent your data to Allstate.
I’m talking about bad engineering. Look at this video of someone offroading a new GMC Hummer EV ~5.5 Tons and damaging the underbody/suspension. The guy had taken other of his truck (Subaru) through there before without any problems.
A Tesla is flimsy looking because they are using aeronautical mindset in trying to keep weight down to compensate for battery’s heaviness. Compared to the Hummer EV which is using off the ICE factory rack standard luxury decor.
Tax advantages might have given the start up speed for EVs, but they are definetely working under their own inertia now. Frankly I prefer to have the tax advantages on stuff that screws the oil industry and makes cars simplers (even if I love stick shift) than to be used by RE flippers and grifters.
Look up the NY Times today on what happens in single family neighborhoods targeted by Private Equity where they buy in cash using issued bond debt and then rent them out. Instead of building new rental housing, by doing this they corner the market in both rentals and create an increasing house for sale price that makes their investment perform better in capital gains and income earned. The icing on the cake is where they structure each property in such a way to maximize the real estate investment tax shelters over the single family investment tax shelters, doubling the sheltered bang for the buck.
https://youtu.be/r1e8oOnT7yE?si=sfw04N8MZ0FExHX1&t=227
Tax advantages paid for the “Supercharger” network- the big advantage Musk has.
That is what makes a Tesla a reasonable car.
Tax advantage goes to homeowners, not renters. Those who don’t own homes really can’t own a EV without it being a hardship. You can’t charge in your own garage, it’s impractical.
As for the NYT article, well, that’s what happens when your government is bought by Wall Street. Americans don’t care about each other, they are capitalist and in it for themselves. There is no “unity”, that flag waving is just a bunch of bull shite, always has been, always will be. Those who wrote the constitution were slave and property owners.
As much as things change, they stay the same.
Thanks Sea.Hear.Now for the free concert at our beach. South wind carries the tunes.
From aforementioned NYT article:
“Investors were largely uninterested in wealthier enclaves. Instead, they targeted middle-income neighborhoods, many with larger Black and Latino populations. Bradfield Farms fit the bill: It is in an area that, in 2020, was 35 percent Black and 11 percent Latino, according to census data. Residents include teachers, auto shop workers, receptionists, nurses and cabinetmakers.
Over two years, from 2021 to 2022, investors snapped up properties in Bradfield Farms at roughly three times the rate of the citywide average of 17 percent, according to a New York Times analysis of ATTOM’s data.
Homeowners were inundated with calls, text messages, letters and emails from people offering to buy their homes sight unseen. The buyers closed fast and used inscrutable names that ended in LLC. “Investors went hog-wild,” said Kelli Enos, a local real estate agent.”
.@GM CEO’s $29 million pay is 362x more than its median worker.
Thank god we bailed them out
VSG,
Plus the irony of the one old goat: “When Ms. Enos, 62, the real estate agent, sold her Bradfield Farms home two years ago, she was adamant that she would not sell to an investor.” Then she, in another breath, does this, then says: Yet, she owns stock in Invitation Homes, the country’s largest owner of single-family rentals. “I would be silly if I didn’t,” she said. “I make really good money from it.”
The same people who don’t want renters next to them want to rent their homes. So it is okay to do it to someone else, but not themselves.
Americans always have, and will continue to be, their own worst enemies.
BRT,
Only 29 million for Mary Barra ? Must be the patriarchy doing it’s evil work. She deserves more.
Plus, as one commenter pointed out, the old goat still has her thumb on the scale:
Kelli also maintains exclusive control of the community Facebook group, even though she’s no longer a resident of Bradfield Farms. She regularly deletes posts by others if she feels they are self-promoting or don’t agree with her views, but seems to have no problem promoting her realty services there.
My bet?
Once all of Tesla’s plants are up and running, and all the tax credits are gone, they are going to cut model prices by $10k or more, absolutely slaughtering their competitors.
China’s new breed of car manufacturers will jump in and finish off whoever survives.
Not sure why Tesla’s are called crap because of minor fitment issues and rattles, etc. If you were lucky enough to get to spend $70k on a Ford Bronco, you were treated to almost a dozen recalls, grenade’ed transmissions, engines, a hard top that “melted”, headliner that unsticks and droops like a 70’s Buick.
For $47k, you can get a Model 3 performance (pre-tax credit mind you), that will do 0-60 in 3 seconds. Only thing that can catch it off the line is a new mid 6 figure supercar, and even that has a 50/50 chance of turning into a massive embarrassment. Just wait until the Model 3 Highland Plaid is released in the next year, it’ll have a 2 handle on that 0-60.
Is this a joke? They post a 1-843 number to find a missing fighter jet?
A South Carolina military airbase has appealed for the public’s help in finding a missing Marines Corps fighter aircraft after its pilot ejected from it on Sunday afternoon.
Marine Corps investigators have launched an inquiry after the ‘mishap’ which saw one of their pilots ejected from an F-35 fighter aircraft over North Charleston Sunday afternoon.
The pilot, based at Marine Corps Air Station Beaufort was found alive and taken to a nearby medical center after parachuting into South Kenwood Drive just a few hundred yards from the airbase in North Charleston.
His wingman, in an accompanying aircraft, safely landed at Joint Base Charleston.
‘If you have any information on the whereabouts of the F-35, please call our Base Defense Operations Center at 843-963-3600,’ Joint Base Charleston said in a tweet.
“We’re now at the point where we’re going to see the impact of these hikes really start to play out,” Citadel’s Ken Griffin has said.
Remember, i called this top precisely on this blog at the record week. Experience and getting my ass kicked taught me well with the stock market. Timing this chit!!! They said you can’t…right.
Credit event cometh…BOJ was the signal way back in peak summer.
You guys laughed at my tenant signal…never fails.
The minute they had money issues, i knew something was up. They are the avg with below market rent. Ding ding ding…signal that some of you laughed off.
Tesla Model 2 in development. Super cheap and possibly they may cast the underside in one part like a matchbox car.
Battery tech the most expensive part of the car may get allot cheaper too, no more 7,000 individual cells in the battery packs. Lots of interesting developments in battery chemistry too.
Now all we need is charging, preferably cleanly but we are still perhaps decades away from cheap and clean electrons, as far as we know only way to get it large quantities is magnetic generators driven by kinetic force. Solar just won’t cut it even if the could double efficiency and have a smaller footprint, you cannot charge a electric car today quickly without a massive amount of panels to produce DC voltage of up to 500 volts pumping 300 Amps to quick charge a 100 kWh battery pack.
Boomers:
https://youtu.be/PcpHhqsqibI?t=188
Juice
Dis you see 20 million to 40 million metric tons of lithium was discovered in an extinct volcano in Nevada this month?
Beer – Yup, LAC is the symbol. The open pit mine and tailings including sulfuric acid should leave a nice mess there, as they are going to process it onsite. They also need to use 500,000 gallons of water per ton of lithium refined. They may tun that mine for 20+ years or so.