From ROINJ:
Murphy appoints new task force designed to cut property bills in half for New Jersey seniors
A new task force charged with cutting property tax bills in half for New Jersey seniors has been created, according to a Monday announcement from the Governor’s Office.
Designed to offer recommendations to implement the new StayNJ property tax relief program, six of New Jersey’s highly regarded public servants have been assigned to review all of the state’s existing property tax relief programs and present a report to Gov. Phil Murphy and the Legislature no later than May 30, 2024.
…
“StayNJ will be transformative for all families planning for the future, with historic property tax relief for seniors,” Coughlin said. “We need to ensure this program launches smoothly, with a seamless application process and system for benefit distribution. That’s why I am pleased to appoint Mayor McCormac to the StayNJ Task Force. His depth of experience will be invaluable. His service as state treasurer and his 17 years as mayor — particularly his innovative initiatives for Woodbridge seniors — make him uniquely qualified for this role. Mayor Mapp, the joint legislative appointment, brings even more expertise to the table with his decades of experience in local government, public finance and his training as a Certified Public Accountant.”
Under StayNJ, eligible seniors with a gross income under $500,000 will receive a credit of 50% on the annual property tax bill for their principal residence, up to $6,500.
Doesn’t this just mean everyone else will pay double?
Under StayNJ, eligible seniors with a gross income under $500,000 will receive a credit of 50% on the annual property tax bill for their principal residence, up to $6,500.
Wow where did we get all the spare $$$$$.
First YEA.
Grim you took away my thunder on my birthday! Second not too shabby bad.
Happy Birthday!
Senior Freeze? My dear old mom has been receiving a refund of about 50% of her property tax from the state for years now.
Thanks Grim, we just celebrated my wifes yesterday, today is my turn. I would say my age but then everybody beats on me …. being a boomer. Although today is a workday for me.
What the hell is the governor thinking with the senior tax break ????
Hehe
Megyn Kelly debate panel is caught on hot mic mocking Ron DeSantis’ expression after opening question about him burning through campaign cash and still trailing Trump: ‘Look at that face. Looks like you shot his dog’
Megyn Kelly’s post-debate SiriusXM panel got caught on hot mic mocking and laughing at Florida Gov. Ron DeSantis’ facial expression
Now she gets 100%.
Hehe
Juice Box says:
December 8, 2023 at 6:59 am
Senior Freeze? My dear old mom has been receiving a refund of about 50% of her property tax from the state for years now.
Wow where did we get all the spare $$$$$…
https://youtu.be/2hekDuCBxCc?t=129
Start a Christmas tree farm, get your tax break, and stop whining.
Boomer want, boomer get.
Hehe
grim says:
December 8, 2023 at 6:40 am
Doesn’t this just mean everyone else will pay double?
Murphy probably has a stack of gold bars 50x the size of Menendez’s stack.
Too bad he won’t spend one at the dentist, he looks like Mr Ed.
https://tinyurl.com/44pa2sf6
In my town boomers get 50% credit on property tax. They use that extra cash to campaign against any improvement of towns infrastructure, against full day kindergarten, against any school improvements. Many are trump supporters. Leadership always comes from the young as the old oppose anything and everything.
“Under StayNJ, eligible seniors with a gross income under $500,000 will receive a credit of 50% on the annual property tax bill for their principal residence, up to $6,500.“
Fab – You forgot something. Jim Biden is under grand jury investigation in California. The “Big Guy” himself may have to run for cover cut a deal to not run and pardon himself along with his son and brother and maybe even his grandchildren that got some of the laundered proceeds wired to their accounts too.
Not looking good now. The IRS stuff is a slam dunk nobody likes tax cheats.
Future worker at the American chip making plant. NJ resident.
https://youtu.be/9v7JQacK358?t=786
Fab : In your response to Chi last night you note two right wing groups who want to see the two sides fighting, but there is no mention of left wing groups/ progressives that are anti – Semitic, and have been for years. Now they are much more open about it, but it’s always been the case. It appears you struggle with the idea that leftists can be and probably more than a few are anti Semitic . By mentioning right wing groups , you appear to be deflecting, and mention Evangelicals as only supporting Israel because of their belief in the rapture, otherwise they would surely be anti Semitic. I think you struggle with the idea that there are many leftists/ progressives who are anti Semitic, plain and simple
StayNJ property tax relief program
LMFAO! Democrats are the masters of the Ponzi scheme. It should be called the ‘StayNJ property tax GRIEF program’.
It’s an election year and his unqualified wife needs to pick up where Menendez left off. Deficit schmeficit.
199K jobs
3.7% UR
A little hot
BREAKING NEWS!
IT’S A BEAT. 199K JOBS.
UNEMPLOYMENT RATE FALLS TO 3.7%. LABOR FORCE PARTICIPATION RATE RISES.
Economists had been looking for 185K job gains, and an unemployment rate of 3.9%
Ten to 425
199,000 vs 190,000 consensus, unemployment drops to 3.7 from 3.9
Thank you President Biden.
My 401k is better than ever
Can we start talking about Ukraine again?
Why are the Polish carriers blocking Ukraine exports? They are literally bocking the border crossings with trucks.
https://www.reuters.com/world/europe/polish-truckers-block-ukraine-border-crossings-over-loss-business-2023-11-06/
Juice: They don’t want cheap Ukrainian produce undercutting Polish farmers.
“ Employment in manufacturing rose by 28,000 in November”
re: “StayNJ property tax relief program”
Boomer flight to cheaper states is more than just taxes. Many of the boomers do not want to be on the call list when grandkids get sick and need to be taken care of so mommy and daddy can work.
I see this in every family I talk too in my neighborhood and my own family, grandma and grandpa are out on an extended cruise or vacation or packed up and left for Florida after selling their home and taking their one time capital gains exemption on the home. Heck every cop or teacher I know of in my family is moving out of NJ once they get their pension lower taxes won’t make them stay here either.
“ Another strong jobs report — as inflation continues to come down — is more evidence that the Administration’s economic plan has worked better than nearly anyone expected.
People looking to question the strength and resilience of the economy are running out of data to rely on.”
3b – If our US Truckers blocked the Mexico or Canadian border crossing the military would be called up. I know a farmer in NY State. He raises dairy cows and all his milk is shipped to the creme cheese factory.
All the creme cheese magic happens in Lowville NY. It’s not far from the Canadian border. Well thanks to NAFTA Canadian milk is shipped there and undercuts the prices of the local farmers. All of that Canadian milk is subsidized by the Canadian government too.
If our farmers even attempted to stop those trucks at the border there would military action.
3b – I found out we have a lawyer in our company who works from Ireland. He reviews contracts for the company in a nice office building overlooking the Liffey in Dublin. We have a software development team there as well.
I may have to go visit. Inspection tour…I have not been back in a while now. I am overdue.
All the creme cheese magic happens in Lowville NY.
In the 70’s, the cream cheese magic used to be filmed in dingy studios around Los Angeles.
So what you’re saying is that a lot of people’s yank bank was filmed in Burbank.
Aside from unique imported products (European cheeses come to mind), the food supply should be localized. I can even make a case for things like off season produce from South America or Coconuts/Bananas. But Milk??? We shouldn’t be getting Milk from Canada. As for Canada subsidizing it, they are cheating. This is why tariffs are always the great equalizer. User them when necessary. Use them when other countries try to cheat the game.
Juice: We pick and choose here what is permissible. We turn a blind eye to some things, and to your point yes the military would be called out of farmers here blocked the border. There is absolutely no reason to be importing milk from Canada, and potatoes too!!
Juice: You should take a trip back, we last went 4 years ago, after not having been back for some time. Dublin has been on edge recently with riots , but away from that, you should be fine.
Rents in Kyiv have returned to about pre war levels, this is after 2 million people fled the city when the Russians began raining down missiles. Russia fired 80 missiles this morning at Kyiv after nearly a three month pause. All were shot down thanks to the donated modern air defense systems from the West. These aren’t even the latest version of the Patriot missile and European missile interceptor systems either.
https://www.politico.eu/article/western-air-defenses-ukraine-kyiv-rare-safe-spot-war-russia/
Yank bank in Burbank. There’s a business idea emerging there.
Last I heard, milk has been massively regulated by the government. Google Cato Institute “milk madness”. I wouldn’t worry about fully free trade between the US and Canada, despite the history of the Trudeau family, they are unlikely to be an enemy. The US sabotages its milk industry internally, let’s fix that first.
3B – The dairy farmer I know is a former software project manager I used to work with. When Covid hit he packed up his family and moved back from New Jersey to his parents farm to work remotely. In the interim he also became a flipper too. Had several successful remodels and flips. He lost his software job and is now a full time dairy farmer and flipper.
So much for big city living. If I ever drive up that way I am told to stop by. Like many people you meet in life some are keepers while others are not…. c’est la vie.
“Milk Madness” starring Ron Jeremy and…. okay, I’ll stop. Lol.
NJ is a great place to live if you have no/minimal reported income. Medicaid is super generous, subsidized housing or subsidized property tax. Food stamps. Probably have free shuttles running around town for government-run entertainment. It’s probably a nightmare to live in for those who earn just enough income to not qualify for all the government benefits. The non-government employee upper middle class pays most of the bill for this redistribution, with the state constantly testing the boundaries of how much they can take before it drives the people who are leeched from out of the state.
No One…. You aren’t wrong….
2,261,336 – Number of New Jerseyans covered by Medicaid/CHIP as of August 2023.
Thank you President Biden.
My 401k is better than ever
Good, you’ll need to pay for the illegal immigrants and the Boomers property taxes. Thoughts and prayers for your ‘generous’ contributions.
Juice: I have friends I have known for years, and some I don’t see on any kind of regular basis, but when we do get together it’s like we just pick up where we left off.
Those are the best friendships. OK not to talk for 1.5 years, pull up a chair and just pick up where you left off.
chi, lib out of UHAL….another 12% in 20 trading days….no juice here over shares, option liquidity was shit.
Did add in the past couple days some positions in FCX and AA. Can’t recall if I mentioned those…
Boomer: As they say old friends are often times the best friends. Another one is friends are God s apology for family.
Consumer sentiment improves in December, job market is still strong ( apparently), so it’s all good. Soft landing, and then massive easing next year to make the landing even softer! Buy and charge away!!
DNA made the right move going with google. 2-3 years….biotech will become the darling of wall st.
Juice Box says:
December 7, 2023 at 8:38 pm
Get rich or die trying.
Google just announced Gemini, its most powerful suite of AI models yet, and the company has already been accused of lying about its performance.
An op-ed from Bloomberg claims Google misrepresented the power of Gemini in a recent video. Google aired an impressive “what the quack” hands-on video during its announcement earlier this week, and columnist Parmy Olson says it seemed remarkably capable in the video — perhaps too capable.
Ed – Today is the solemnity of the Immaculate Conception of the blessed Virgin Mary.
BTW the Bible is full of stuff like this..if you ever hear them read this verses in church try not to burst out laughing…
Matthew 8: 2-3
And the priest said: Tomorrow let every one who has no wife come, and bring his rod in his hand. Whence it happened that Joseph brought his rod along with the young men. And the rods having been handed over to the high priest, he offered a sacrifice to the Lord God, and inquired of the Lord. And the Lord said to him: Put all their rods into the holy of holies of God, and let them remain there, and order them to come to you on the morrow to get back their rods; and the man from the point of whose rod a dove shall come forth, and fly towards heaven, and in whose hand the rod, when given back, shall exhibit this sign, to him let Mary be delivered to be kept. … the high priest cried out to him with a loud voice, saying: Come, Joseph, and receive your rod; for we are waiting for you. And Joseph came up trembling, because the high priest had called him with a very loud voice. But as soon as he stretched forth his hand, and laid hold of his rod, immediately from the top of it came forth a dove whiter than snow, beautiful exceedingly, which, after long flying about the roofs of the temple, at length flew towards the heavens.
And the cock crowed three times!
Pumps – Google is going to unleash their AI on your personal data to monetize it aka sell more Ads. That is their business model. They do not really make any money on their cloud services and compared to Amazon AWS they have few high margin services to sell to customers, a much higher overhead costs and a really lackadaisical software engineers and that has created a loser culture there. A new CEO might even rip the bandaid off of their Cloud and start over.
Juice,
Whether you see it or not, DNA is positioning itself for the future. Biotech will be the new “it” sector on wall st…it’s only a matter of time. Why? AI says so. It’s progressing at such a fast rate. The better computers are, the better DNA/biotech is.
SOL has been good to me. I sold this morning….waiting for a pullback…and buying back in. Mikey likes it!
Grim – I picked out a new wheel package for your Model Y.
Imperial Red, all the moms at the school drop off will know you are a baller.
https://tsportline.com/collections/tesla-model-y-21-inch-aftermarket-tesla-wheel-and-tire-package/products/tssf-21-tesla-model-y-wheel-and-tire-package-set-of-4?variant=41870790656194
“NJ is a great place to live if you have no/minimal reported income.”
I’ve been saying this for years. This state exists for three groups of people. The poor (who live pretty well, remember Bebo?). The rich, who have money to burn. The government worker, for which the benefits have reached insanity levels in exchange for the union endorsements year after year. In many cases, the financial compensation has reached insanity as well. Firemen making 200K, police in towns that see 1 homicide a decade pulling in 200K a year. They work 25 years and they make 150K ratched to inflation until death while consulting and making another 200K a year since the government will pay it. Lord knows the government can’t do a thing without a consultant to blame when it costs double and takes three times as long to complete.
Illegals don’t qualify for any of these goodies. Middle class out of luck too.
This Socialism mostly benefits maga boomers
No One says:
December 8, 2023 at 9:33 am
NJ is a great place to live if you have no/minimal reported income. Medicaid is super generous, subsidized housing or subsidized property tax. Food stamps. Probably have free shuttles running around town for government-run entertainment.
On AI and DNA. The two are hardly compatible. Though that won’t stop DNA, the greatest pump to pay insane salaries money loser that I’ve ever witnessed. Cybersecurity is the theme of the month. DNA will help you. AI is the theme of the month, DNA will use it to rule the world. It’s only a matter of time before they decide to harness the power of their computers holding their databases to mine for Crypto.
Lib: And the public sector workers complain it’s never enough and want more. Many then retire and take their pensions with them, as they don’t want to pay the property taxes.
“Illegals don’t qualify for any of these goodies.”
Don’t know too many illegals in our black cities in NJ. Section 8 is great. So if the food stamp barter system every bodega in NJ runs. Ever wonder why there is one on every corner in every city in NJ, yet none are owned by the same person? Can’t get too big or the liquor stores won’t play. Heck, I saw drug dealers taking food stamps when I lived in JC. And I’m not talking crack. This was for the good stuff.
“Many then retire and take their pensions with them, as they don’t want to pay the property taxes.”
They all do. Probably 95% or more once they REALLY retire (stop consulting). I do feel for the teachers though. At least the newer ones. The boomer teachers screwed the new ones.
That’s an awful lot of money for Wheels and rims. I put nice rims and Pilot Sports on my Mazda 6 for $1750. No, they were not red.
Lib: We’ll no surprise the old timer public sector workers grabbing it all for themselves.
This Socialism mostly benefits maga boomers
Thank you for funding my retirement fund, your rainbow lapel pin is in the mail.
“This will be fueled by third parties with their own agendas. The evangelicals want that access to Jerusalem for the Rapture. The far right are always happy when two groups they hate go after each other…”
You know, I watched you and Chi go at it from afar on this topic…did not understand (or recall, if more appropriate) why exactly.
Like and respect him, felt you contributed despite being about the furthest Left person on here…
With the above post?
Go fuck yourself.
Don’t put YOUR hangups on my politics. Asshole.
Oh, and Happy Hanukkah.
The American government is not working for you. They have no duty to protect you just like the popo doesn’t.
JUice Box says:
December 8, 2023 at 8:51 am
3b – If our US Truckers blocked the Mexico or Canadian border crossing the military would be called up. I know a farmer in NY State. He raises dairy cows and all his milk is shipped to the creme cheese factory.
All the creme cheese magic happens in Lowville NY. It’s not far from the Canadian border. Well thanks to NAFTA Canadian milk is shipped there and undercuts the prices of the local farmers. All of that Canadian milk is subsidized by the Canadian government too.
If our farmers even attempted to stop those trucks at the border there would military action.
Lib, dumped some more RSP…if SPY hangs in here above 459 looking for it to go higher, but Fed next week and at some point it seems to make sense to trim and bank at these levels.
If she breaks up and holds through Fed I’ll start piling in after that….may be through options with that presumed March cut, but I’ll definitely get more long at least for the near term…
The Poles and Germans just beginning to realize that they are the cannon fodder for the Americans.
“If Russia takes Ukraine, it will take all of Europe”
Sounds like something written by Edward Bernays.
3b says:
December 8, 2023 at 10:49 am
Lib: And the public sector workers complain it’s never enough and want more. Many then retire and take their pensions with them, as they don’t want to pay the property taxes (that are supporting them)
Hehe.
The 70s called in Las Vegas.
https://www.vegasparadisehomes.com/property-search/detail/95/2543578/940-vegas-valley-dr-las-vegas-nv-89109/?listingid=11036453&searchid=3014690&alertid=147796536&sentfrom=listingalert&userid=4652426
All noise.
Hehe.
Lib, get real. Nj prints millionaires. It’s the cheap alternative to nyc.
Libturd says:
December 8, 2023 at 10:43 am
“NJ is a great place to live if you have no/minimal reported income.”
I’ve been saying this for years. This state exists for three groups of people. The poor (who live pretty well, remember Bebo?). The rich, who have money to burn. The government worker, for which the benefits have reached insanity levels in exchange for the union endorsements year after year. In many cases, the financial compensation has reached insanity as well. Firemen making 200K, police in towns that see 1 homicide a decade pulling in 200K a year. They work 25 years and they make 150K ratched to inflation until death while consulting and making another 200K a year since the government will pay it. Lord knows the government can’t do a thing without a consultant to blame when it costs double and takes three times as long to complete.
I disagree. Prob the biggest gains in AI will be in biotech. Biotech is coming…
Libturd says:
December 8, 2023 at 10:47 am
On AI and DNA. The two are hardly compatible. Though that won’t stop DNA, the greatest pump to pay insane salaries money loser that I’ve ever witnessed. Cybersecurity is the theme of the month. DNA will help you. AI is the theme of the month, DNA will use it to rule the world. It’s only a matter of time before they decide to harness the power of their computers holding their databases to mine for Crypto.
“Megyn Kelly debate panel is caught on hot mic mocking Ron DeSantis’ expression…”
I said something similar the morning after the debate. Guy just presented horrible body language.
“…New Jersey’s highly regarded public servants….”
Oxymoron. LOL. LOLOL. RFLMAO.
On the break, what am I missing…$500k? WTF. First off, how many seniors are left in NJ with $500k of taxable income? And if you’re banging down $500k in retirement explain to me how $6500 off a property tax bill is incentive to offset the $28k you would pay in NJ state taxes versus following your neighbors to FL….
New teachers are f/ed. True story. They can’t retire till 65.
Libturd says:
December 8, 2023 at 10:53 am
“Many then retire and take their pensions with them, as they don’t want to pay the property taxes.”
They all do. Probably 95% or more once they REALLY retire (stop consulting). I do feel for the teachers though. At least the newer ones. The boomer teachers screwed the new ones.
Juice,
That’s a lot of quivering rods those guys are holding.
Left, I’m fully in. According to my charts, we are right at the long-term mid-line of where I would expect the market to be based on the sentiment/earnings I’m seeing. The fact that it’s doing this with such high lending rates is because we all know they aren’t going much higher and there is good chance they will eventually be lowered. Though we are at the strongest support/resistance level we’ve been at in a long time. This is the 5th time the Nasdaq has tested this level since 2021, though most recently back in July, so I understand why you are considering taking some off the table. I expect to blow through this line with the Xmas rally. We haven’t been above trend line for any significant amount of time since May of 22. Then we’ll see the impact of the recession in 4th quarter, which I think will be mild, and we’ll be off to the races with improving earnings since we are pretty much past the bottom of the cycle. Boom.
Hehe.
John Wick got robbed. Time for a sequel.
Keanu Reeves’ Los Angeles home ‘burglarized by multiple men wearing ski masks’ who smashed his windows, stole a firearm and fled the scene
Shouldn’t that firearm have been in a safe?
The Great Pumpkin says:
December 8, 2023 at 11:28 am
New teachers are f/ed. True story. They can’t retire till 65.
What about you pumpy, are you one of the “chosen ones?”
Would you be willing to go on strike to help your younger colleagues, or are you an “all for yourself” type of guy?
Libturd says:
December 8, 2023 at 11:33 am
Shouldn’t that firearm have been in a safe?
He’s f’n John Wick. Who would steal from John Wick?
Hehe.
Capitalism has said there is no money in antibiotics. Nature says Hehe.
CDC sounds alarm over superbugs in Ukraine that are resistant to ‘last-ditch’ antibiotics and are beginning to spread across war-torn country’s borders
CDC said the spread of antimicrobial resistance in Ukraine is an ‘urgent crisis’
Roughly 60 percent of patients had infections resistant to ‘last-ditch’ antibiotics
AI
Create me a virus that only eliminates people of a certain race, religion, ethnicity or economic status.
The future.
Joe Biden has said the US will donate 900 billion dollars to Ukraine to fund antibiotic research.
hehe
I think we still rally, but I think take the profits now. There will be a correction…it ran up way too fast in a short amount of time.
Libturd says:
December 8, 2023 at 11:29 am
Left, I’m fully in. According to my charts, we are right at the long-term mid-line of where I would expect the market to be based on the sentiment/earnings I’m seeing. The fact that it’s doing this with such high lending rates is because we all know they aren’t going much higher and there is good chance they will eventually be lowered. Though we are at the strongest support/resistance level we’ve been at in a long time. This is the 5th time the Nasdaq has tested this level since 2021, though most recently back in July, so I understand why you are considering taking some off the table. I expect to blow through this line with the Xmas rally. We haven’t been above trend line for any significant amount of time since May of 22. Then we’ll see the impact of the recession in 4th quarter, which I think will be mild, and we’ll be off to the races with improving earnings since we are pretty much past the bottom of the cycle. Boom.
(Bloomberg) — California is likely to face a $68 billion deficit in its next fiscal year as income tax revenue plummets, marking the second consecutive year of shortfalls that could lead to cuts to key safety-net programs, according to the state’s budget adviser.
The projected deficit, which is more than double the size of last year’s shortfall and the largest in the state’s history, comes after an “unprecedented” downward revision to estimated tax receipts, the state’s Legislative Analyst’s Office said in a report released Thursday. The LAO, as the agency is commonly known, said tax receipts in the current fiscal year fell $26 billion short of earlier estimates and forecast a cumulative $155 billion deficit through 2028.
Just raise taxes, issue resolved! Or, demand that liberal democrats pay 10% of their net income to the common good and to relieve the plight of the poor. I mean, in the end, it’s for the children.
I still believe this market is one massive bubble in everything except biotech….which has been beat to chit. Aka only place I feel comfortable if I was forced to buy. I will watch, and if I feel I am wrong, will buy in.
Is the Daily Mail using AI in it’s photographs now?
Looking like the uncanny valley to me.
https://www.dailymail.co.uk/news/article-12841207/martin-luther-king-home-arson-attack.html#comments
I will strike to help…but we are not allowed to strike. I got robbed blindly already…who was looking out for me? Boomers didn’t pay insurance….boomers didn’t pay pension. (f/k you fat man christie) Guess who is paying it for them? I paid my dues…
Phoenix says:
December 8, 2023 at 11:36 am
The Great Pumpkin says:
December 8, 2023 at 11:28 am
New teachers are f/ed. True story. They can’t retire till 65.
What about you pumpy, are you one of the “chosen ones?”
Would you be willing to go on strike to help your younger colleagues, or are you an “all for yourself” type of guy?
I lost pay for almost 10 years straight because of Christie. Aka I was losing take home pay every single year. That chit is criminal what was done to teachers…christie is a pos for doing that to get votes. Made us the target to sell votes to people on this blog….yes, you were sold votes by scapegoating a specific group. You all enjoyed it. FU.
Of course, no one f/ed with the cops or firemen. F politics. Why you need tenure.
A Union that can’t strike is like a dog that can’t bite.
Dear AI, please clone Julie Newmar at 35 years old in a kitty cat costume.
Fast: Didn’t California have a huge budget surplus just a couple of years ago? What happened?
The Great Pumpkin says:
December 8, 2023 at 11:57 am
Of course, no one f/ed with the cops or firemen.
You don’t mess with the “enforcers.”
It’s not like the teachers are going to eliminate your enemies for you.
That’s scary stuff. Biotech innovation needed now more than ever. Need companies like DNA to engineer biology.
Phoenix says:
December 8, 2023 at 11:40 am
Capitalism has said there is no money in antibiotics. Nature says Hehe.
CDC sounds alarm over superbugs in Ukraine that are resistant to ‘last-ditch’ antibiotics and are beginning to spread across war-torn country’s borders
CDC said the spread of antimicrobial resistance in Ukraine is an ‘urgent crisis’
Roughly 60 percent of patients had infections resistant to ‘last-ditch’ antibiotics
3b,
Yes, California had a huge surplus. They looted the till and are ready to bleed, bully, gouge, extort and shake down the dwindling producers to secure their elections.
The paper is titled “Central Bank Undersight: Assessing the Fed Accountability to Congress.” Wharton assistant professor Christina Parajon Skinner is the co-author. The paper argues the Fed needs more oversight.
For most of its existence, the Fed has managed the nation’s currency and turned the dial on short-term interest rates—higher to cool the economy and lower to stimulate it. The financial crisis of 2008-09 ushered in a new era. The Fed bought large amounts of assets to help the economy. The pandemic brought another wave of buying and beefing up of the Fed’s assets.
Between 2011 and 2021, the Fed kicked back more than $900 billion in positive income to the Treasury to help the U.S. budget, according to the St. Louis Fed blog. As recently as 2021, it remitted $109 billion. The Fed’s current situation is expected to turn as the central bank eventually cuts interest rates when it reaches its 2% inflation goal and shrinks its assets. For the next few years, though, the Treasury won’t be getting anything from the Fed.
https://www.wsj.com/articles/pro-take-fed-operating-losses-are-piling-up-amid-higher-interest-rates-5fbf927e
3b,
Keep in mind that the surplus in Cali was probably pandemic money that got spent faster than a Nolan Ryan splitter. Food, wine, hookers and blow for the ivory tower charlatans can get quite expensive.
https://www.wsj.com/economy/central-banking/japans-economy-shrank-more-than-estimated-in-third-quarter-b8af22ae?tpl=cb&mod=hp_lead_pos4
And China economy is f/ed. Will see how this impacts global economy.
Nice, north jersey made top 10.
https://www.wsj.com/tech/best-cities-tech-workers-6dcc3dbb?tpl=cb&mod=hp_interactives_pos3
I lost pay for almost 10 years straight because of Christie.
Your union had a hand in that as well.
I took a 15% pay cut in 2008 thanks to the fiscal crisis. They never made that up. You were asked to pay for your Cadillac health care which used to be free. Not exactly a pay cut. I recall at the time, my property taxes under Christie’s predecessors was rising 13% a year. That was over a $1,000 a year. That would eat up half my increase when I did get one. The rest was eaten up by tolls and transit increases. Where did all that money go? To pay for you. But moreso, the fire and police. If Christie didn’t make the cuts he did, this state would already be underwater. That police binding arbitration ruling that Murphy cancelled now has returned the Police back to 5K annual raises. Murphy is trying his damndest to return to the old days. We haven’t forgotten the fuel tax increases. The constant toll increases and taking the state budget from $38 billion to 53 billion. Worst governor NJ ever had. Now nearly twice as many people leave NJ every year than come in. NJ is in huge trouble. Between the unpaid liabilities and the upcoming NJ transit deficit of a billion? I feel bad for whoever is the next governor. He might not even be able to pay to have Murphy’s name removed from all of the Welcome to NJ signs.
Left the reason Chi the head hates me is that I called him out years ago. He has a semi-public persona in here. We all know who he is and where he works. I can’t remember what he posted, but I’ll called him out. I said that, if he still worked in AT&T or any other corporate job, it would be a short walk to HR to be shown the door. His ego did not take that well. Hence the hate. Funny part is, its one of the very few things myself and Eddie Ray agreed on.
If have problems with my my views of the politics you support, thats on you. You support it, you own it.
3B lets try and clear this up. Are there Anti-Semitics on the Far Left, yes. Center Left, yes. Center Right, yes. Far Right Obviously. And lets tick the yes box on the independents as well.
Now the far left is driven by a few things, mainly ideological issues and environmentalism. Yes there is a lot of eco anarchists that will literally fight for climate change from their communist collective. Yes. I’ll raise a Billy Beer to the embarrassing sibling.
But lets get serious. Palestine is an ideological issue that the far left are fully behind. But support for Palestine is not inherently Anti-Semitic. Criticizing Bibi and the Israeli government again is not in itself Anti-Semitic. That is a big distinction that always gets lost.
With that, a big difference between the Far Left and the Far right is that you wont find the Left standing in Charlotte with a Tiki Torch screaming Jews will not replace us. If you have an example of the Left doing something like that, post it up and I’ll disown it.
Here is something you and Juice can do. Go talk to the cousins from the old country for their views. Ireland is overwhelmingly Pro Palestine. Are they Anti-Semitic, some will be as always, but overall NO. And its not just identifying with the struggle, just like the English oppression of the Irish, its the very real real logistical support they provided.
Did you ever see those collecting cans that were rattled round the Irish bars when you were a kid. Spare a few coins to help the boys fight the Hun! Where do you think that money went? A fair chunk to the PLO to help pay for that logistical support.
“This is the 5th time the Nasdaq has tested this level since 2021, though most recently back in July, so I understand why you are considering taking some off the table. I expect to blow through this line with the Xmas rally. We haven’t been above trend line for any significant amount of time since May of 22.”
No time to post pictures of the technical indicators I gave the other day, plus the screenshots come through like shit anyway. If you set the measures up the graphics are interesting and there are eight signals I look for off those five indicators…
Market is definitely at critical point technically and yes at a major resistance level. Although that is not why I’m taking money off the table….these last four years have been unreal for me. Recall I went into 2H2019/2020 mostly cash…that was crazy, especially writing/buying positions into and out of COVID.
These last two years have been equally as good…a buy and hold investor has a small capital loss during the last two years. I am many multiples of a normal market return each year. Now, even outside of the unprecedented 9% runup in November I’m getting 10-12%+ on stock positions in a couple weeks and sometimes days…what am I supposed to do, hold and hope for 20-30% in a month or two? Lol. Option positions can go to 50-75% of max profit sometimes overnight….
I’d give a percentage cash I’m in now but chi would yell at me…accidental, but the trades and markets lead, I just follow….
Like a while back I’m in the comfortable position of not minding if I miss the first few percentage points or so of a rally. I’ve never been steered wrong by waiting for confirmation that prior resistance has in fact become new support. I have been hurt trying to front run it. I’m OK with an acceleration into year end/the new year, mostly expecting it (maybe more in the new year December Fed dependent of course), and will be very happy when it occurs…Once confirmed I’ll jam a bunch of funds in some indices and write/roll some protection, grab a handful of long term moderate risk/appreciation plays (stuff like you and HMB yesterday flush out), and then for fun and with a lot less time commitment continue to play high return/limited risk situations I’ve been doing with the rest.
Holding only the positions I do now is not really defense in my mind, but smart nd measured offense….
Whatever you say dude. If you were a teacher, you would be singing a different tune.
Libturd says:
December 8, 2023 at 1:10 pm
I took a 15% pay cut in 2008 thanks to the fiscal crisis. They never made that up. You were asked to pay for your Cadillac health care which used to be free. Not exactly a pay cut. I recall at the time, my property taxes under Christie’s predecessors was rising 13% a year.
Fab: Not to belabor this anymore, but you agree that there is anti- semitism on all sides, and you specifically mention each group, but again you say it’s obvious on the far right, well now it’s obvious on the far left as well. It was s always there , it’s just our in the open now.
As for the Palestinian question vs the Hamas attack and Israel s response , two different issues.
Lots of other points you make as well, too busy to respond at the moment. But, I can tell you this there were a lot of IRA men who came to the USA in the 1920s many who were on the losing side of the Irish civil war who were running guns to the Irgun in Israel to fight the British. Jewish groups at the time patterned their struggle against the British on the effective plan used by the old Sinn Fein/ IRA in the Irish war of independence. Yitzak Shamir s nom de guerre was Michael, after Michael Collins..
Check this short video out. Understand the future. Only a matter of time thanks to AI innovation.
“Biology is going to be one of the biggest markets for AI. It’s really exciting to see Google take such a bet on us and on this space.”
https://x.com/ginkgo/status/1733156605288493244?s=46
3b, very few people know of the Irgun. I am impressed. Haven’t heard them mentioned since my hebrew high school studies. You know Shamir (and the rest of the Stern Gang) tried to align with the Axis powers to obtain support (weapons) in early Palestine days. That always blew my mind. These were some tough Jews. Begin too. All crazy Irgun fighters. When you see what’s happening in Gaza, you now know why. Isn’t it incredible that noone in the entire fucking arab world will take them in? Call it whatever you want. You don’t rape and slice off the breasts of rave attendees and expect not to get annihilated. Sorry. Them’s the repercussion. Go ask Iran to save you.
Owl genocide.
US Government Wants Hunters to Shoot 500,000 Owls
I took a 15% pay cut in 2008 thanks to the fiscal crisis. They never made that up. You were asked to pay for your Cadillac health care which used to be free. Not exactly a pay cut.
The flip side to this is that teachers never saw a run up in salary from 2000 to 2008 that the general populace did. You can’t ask them to participate in the pain if they didn’t with the propserity.
Moreover, many districts actually had their teachers paying into those benefits but negotiated for higher salaries. Those that did, were not affected by the measure. Those that didn’t bargained for lower salaries but free healthcare. This did them dirty as the position they negotiated for was renegotiated after the fact at the state level. I’ve stated this several times…that policy never saved you a dime. It just freed up money for them to hire additional Vice Principals and Supervisors.
Anyone affected by those measures essentially was given a 10k pay cut. Many teachers got around it by declining benefits and going on their spouses health insurance instead. At the time a lot of the districts actually gave a small stipend as it saved both money. State put an end to that crap because they wanted to force you into buying the health insurance.
“Check this short video out. Understand the future. Only a matter of time thanks to AI innovation. Biology is going to be one of the biggest markets for AI. It’s really exciting to see Google take such a bet on us and on this space.”
You know, it’s shit like this that are the red flags all over this company….
So let’s review the timeline…
In August the Google ‘partnership’ was announced.
In November, earnings come out. Expectations for revenue from the main business and net new customers are cut yet again (fourth time? fifth?).
By December the stock is off 50% from July. Again.
So what does Ginkgo do?
Roll out and recycle the Google AI ‘news’ from August again, the day after Google gets a 6% bump on its AI video.
PUMP AND DUMP.
Since the shares are the equivalent of a late night cheesy product offering, here goes…But Wait!!!
What is the ‘Google AI partnership’? What exactly was in their words ‘Google taking such a bet on us’?
Ginkgo will move its cloud operations to Google cloud (big bucks for the not best player in that space) in exchange for….Google giving them what is effectively some ‘rebate’ over time on these new cloud moneys. In the ‘partnership’ Google is the one that ends up with the net money. Ginkgo has done nothing but move some current operations to a new provider, pay them for it, and call it a ‘strategic partnership’.
PUMP AND DUMP.
By their logic, my recent move from Verizon to TMobile with a new iphone I pay over 24 months with credits was a ‘strategic partnership’ for me with TMobile.
Maybe I ought to issue a press release too.
Legit companies have no need for this bullshit, and companies pulling this bullshit are not legit.
https://youtu.be/s-5V76NiZV0?si=M4DNOf-Q6eHaA1Bb
SFW
Might be time for a little Port tonight.
Leftwing,
I knew they were bullshit when they did a secondary offering and used almost all of it to make huge (and I mean huge) payoffs to the so-called bio scientists. Meanwhile, more and more underdelivering and overpromising with each quarter. It’s almost laughable what they are doing. They call a fancy biotech database a “forge.” They probably got it from the Mandalorian. Hey when’s that shit start up again. I miss those little dudes who repair Mando’s ship.
Lib:I am a history buff, amateur expert, in many different areas. And, also somewhat contrary on lots of subjects.
As for Hamas and I will leave it at this , what can you say about a group that did what you do graphically described, knowing full well there would be an Israeli response, and deliberately sacrificed thousands of your own innocent civilians. They have bought nothing but pain and misery to their people.
One more comment on DNA…so I punch into EDGAR to look at the recent filings and OMFUG….
Earnings out on 11/8. That ends the restricted period so insiders can sell.
I mean, who would, company has great prospects, right? And with the shares down 90%+ from its high who in their right mind would dump at these levels?
So how many execs filed (Form) 144s to sell this great company 90%+ down?
29.
Twenty-nine. You literally need to scroll down the SEC to see them all.
JFC. Yeah, strong buy on those shares. Definitely want to be on the other side of the trade of management on this one….Didn’t they get the video on Google AI? Blue skies, baby!
Left,
Glad to see your trades are working out so well. So is my timing strategy. Anything with any value and decent earnings and growth prospects was an easy winner this year. If market moves up the rest of December and I expect it will, this will be another blockbuster year for me. I really nailed the timing in my 401K. Right now my wealth is mainly split between my 401k and my ROTH IRAs and of course there’s the proceeds from my multi sale. Finally, there’s the equity in my Glen Ridge home which is 70% paid off.
When QQQ triple bottomed at the start of the year, you remember I said that meant either the next huge leg down or the opposite. I went from 30% stable in my 401k to 100% large cap growth. In my ROTH IRAs I only went up to about 65% from 30%, since I wanted to see the followthrough. Then in March, when the rally begin to look like a headfake and retraced 50%, but then reversed again, I saw the confirmation that this bull was real and put in the rest of my IRA. I’ve let it ride the entire way. Needless to say, this has been an extremely lucrative year. I only employed about 20% of my multi money into QQQE because of the shitty tax treatment of it, but the rest is making between 5 and 6% guaranteed between checking accounts treasuries and government bonds (which I’ll be able to sell off in January).
Of course, I could have gambled in a DNA where instead of making >30% this year I would have lost over 25%. Ah, what do I know. It’s not like I didn’t tell everyone here what I was doing and when. Oh, wait. I did!
And ChiFi, I blame you for that missing 35% of my IRA that I didn’t put in at the start of this rally since I bit, just a little, on your FOMO comment. Don’t worry though, I did just fine.
LOL on the DNA comment.
On the other stuff, yeah, you’ve been out front and well documented on it here. Been a good 2023. Lots of positives…not just the financial returns but exiting the mental albatross of the multi lucratively, oldest all set and off to school. Sounds like you’re well into being on your way to LV as well…Nice to see.
Here’s to 2024, brother!
A 48 year old man committed suicide at a park in Westwood this morning. There are a lot of sad unhappy people out there. It is worse this time of year.
Absolutely,
Summer of 25, in my pool I’ll dive.
“A 48 year old man committed suicide at a park in Westwood this morning.”
Did he invest in Ginkgo Bioworks Holdings, Inc.?
I kid. Yeah. Hate to see this stuff. People have demons. And gambling problems.
Lib: Some people live lives of quiet desperation. I saw that quote somewhere. I guess for others they reach a point where they can’t do it anymore.
President Donald Trump maintained he “answered perfectly” when he said there were “very fine people on both sides” of clashes at a white supremacist rally in Charlottesville, Virginia.
“If you look at what I said, you will see that that question was answered perfectly,” Trump said Friday in an exchange with ABC’s Terry Moran. “And I was talking about people that went because they felt very strongly about the monument to Robert E. Lee, a great general.”
The “Unite the Right” rally took place Aug. 11 and 12, 2017, in Charlottesville, where white nationalists protested the city’s decision to remove a statue of Lee. Rally participants chanted anti-Semitic, Nazi-associated phrases and clashed with counterprotesters.
Agree. Good post.
Libturd says:
December 8, 2023 at 2:43 pm
3b, very few people know of the Irgun. I am impressed. Haven’t heard them mentioned since my hebrew high school studies. You know Shamir (and the rest of the Stern Gang) tried to align with the Axis powers to obtain support (weapons) in early Palestine days. That always blew my mind. These were some tough Jews. Begin too. All crazy Irgun fighters. When you see what’s happening in Gaza, you now know why. Isn’t it incredible that noone in the entire fucking arab world will take them in? Call it whatever you want. You don’t rape and slice off the breasts of rave attendees and expect not to get annihilated. Sorry. Them’s the repercussion. Go ask Iran to save you.
Yup, joe public simply doesn’t understand. It’s annoying. But but but, you get summers off and work a part-time job as they WFH. F’ing hypocrites. They all of a sudden care about worker’s rights when it benefits themselves. Human nature is a biatch.
BRT says:
December 8, 2023 at 2:59 pm
He also said once the left gets through with their tantrum over confederate monuments they world turn against the founding fathers. That was correct.
On the topic of DNA:
Guys, this is really still a startup. It needs to be treated as such. You guys are right about the bs, but guess what, they are the best positioned cell engineering company in the world. You think google or pfizer do deals with jokers? The reason the company has consistently lowered guidance (at least they are honest and say it) is because of the biotech bear market. This has been the worst biotech bear market ever. How are you supposed to get new customers to sign up when they are simply fighting to stay alive? So many completely undervalued companies out there in biotech, just have to pick the right ones. When the next “real” bull market comes, biotech will lead it and become the new googles/facebooks/ of this cycle.
No, we are currently not in a bull market, it’s a ridiculous bear market rally like in 2007. I believe a correction will come 2024. Probably early snd then rally hard into the next bull cycle. My basis: we haven’t had a recession yet. You don’t raise rates like this and not have a major correction. Keep it simple. Real estate drives the economy and right now it’s nonexistent….you tell me what happens. All those realtors making nothing…mortgage brokers nothing. Moving companies…nothing. Etc…
Those be my 2 cents.
And just please stop treating DNA on the fundamentals when it’s a startup. You are investing in the idea and tech. Investing in all the very smart people working at this company. Super intelligent. They will kill it next cycle. The stock is almost entirely owned by institutions and insiders. It will come. Inevitable. Don’t have to buy now, but there will come a time you want to own.
NJ just eliminated BASIC LITERACY requirements for teachers. If you want more respect then you should look no further.
Hehe. Pony up taxpayers.
The U.S. Justice Department is investigating claims of gender and racial discrimination at the New Jersey State Police.
Before retiring in the last year, the three women joined with a female trooper who is still on the force, Claire Krauchuk, to file a lawsuit that accuses the department of gender bias so entrenched that it often keeps women from being promoted to top command posts.
Might be time for a little
Portpot tonight.Fixed it.
Sad. Rather embarrassing. Talk about kicking the can down the road. Don’t pay up for qualified teachers, instead hire idiots.
BenedictBiden says:
December 8, 2023 at 4:38 pm
NJ just eliminated BASIC LITERACY requirements for teachers. If you want more respect then you should look no further.
5:13 Calif Sober.
Grim – Don’t overpimp your ride.
This guy is crazy..
https://www.youtube.com/watch?v=oJEXgfkbEq4
Outstanding. Politics, family values, and Only fans meet
Well he is from a swing district.
https://www.dailymail.co.uk/news/article-12842551/Republican-congressman-says-confronted-former-aide-Christmas-party-threatened-expose-27-year-old-daughters-OnlyFans-account.html#article-12842551
Bwahh, here is your “our 15 vote ballots show our thoughtful house leader selection process, unlike Ds”
Throw him over board now. Insane cult party.
McCarthy at Oxford University said:
“When you look at the Democrats, they actually look like America,” he said. “When I look at my party, we look like the most restrictive country club in America.”
3b – Shane’s funeral.
https://www.bing.com/videos/riverview/relatedvideo?&q=shane+macgowan+funeral&&mid=AF4C740BDB59BB7D72AEAF4C740BDB59BB7D72AE&&FORM=VRDGAR
Fast: Don’t like pot, but I do like Port!
Juice: I saw some of the footage you posted. Shane certainly got the send off he would have wanted. Did you see the footage from the church? Nicholas Cave ( don’t know if you are familiar with him) did Rainy Night in Soho. Shane’s sister gave a wonderful eulogy.
3b – His wife was tremendous. I don’t think I am getting that kind of send off…Sing what ye want as my uncle aways said…
Juice: Yes , she was. As my Uncle used to say, will ye give us a song? When my wife’s grandfather passed away in Galway, he wanted a session and a sing song at the cemetery, and that’s what he got!
And the rest of the money was wasted.
https://nypost.com/2023/12/08/news/hunter-biden-spent-5m-on-crack-prostitutes-cigars-teeth/
3B – there will be no sendoff for me. I plan to sail the Caribbean carefree. Properly Tax?
Guys like this who have hacked life, a Car Mechanic….
https://mvdirona.com/Dirona/AboutUs.htm
Juice Gotta do what will make you happy.
NJ just eliminated BASIC LITERACY requirements for teachers. If you want more respect then you should look no further.
This is where the union is at it’s most idiotic behavior. They’ve been doing things like this in Physics for years. There are literally almost no physics teachers available to fill positions. For years, the Physics teachers themselves have come up with sh1tty programs to turn math teachers into physics teachers to fill the positions instead of letting them go unfilled and increasing bargaining power.
It’s no different here. No one wants to be a teacher now. The starting pay is trash. You get home later than everyone now that WFH is a thing. They are trying to change the starting time to later statewide so you get home even later. You deal with more BS within the system every year. The state and admin are trying to infiltrate your autonomy in the classroom. Meanwhile, they lower standards for teachers and the NJEA supports it. They should let a shortage develop. That would be real bargaining power and the easiest way to argue for higher wages to attract talent. But…it’s a lost cause. I’ll tell you this…it sounds cliche but the new 22 year old entering teaching have been less than inspiring. They used to come in as eternal idealist who worked their butts off before admin beats the optimism out of them. Now they just come in looking to take every Friday off and work light all year. You are getting what you paid for.