Taxes Up!

From News12:

Gov. Murphy seek $55.9B New Jersey budget, increasing education aid, boosting biz taxes to fund transit

Gov. Phil Murphy on Tuesday unveiled a $55.9 billion budget, up about 5% over his previous year’s proposal, calling for nearly $1 billion more in K-12 school funding as well as about $1 billion in new taxes on high-earning businesses to fund transit.

Murphy, a two-term Democrat, cast the budget as the fulfillment of campaign pledges to identify a recurring source of funding for New Jersey Transit and to fully finance a state formula for schools that’s never before been fully implemented.

“Our budget will ensure New Jersey retains its proud reputation as the best place anywhere to raise a family,” he said.

The governor’s seventh budget comes amid declining revenues in the current fiscal year, something Murphy attributes to a hangover from 2022. The budget proposes drawing down the state’s surplus of about $8 billion to more than $6 billion to help close the gap.

Murphy campaigned in 2017 on fully funding a school aid formula, which the state supreme court ratified in 2009 and that never was fully implemented. The proposal calls for increasing aid from nearly $10.8 billion to $11.7 billion, but Murphy also stressed the incremental increase of school funding since he took office. Aid had been largely flat at $8 billion annually throughout much of Republican Chris Christie’s two terms.

The budget also takes aim at another campaign promise Murphy had made: setting up a funding source for the state’s often beleaguered transit system. The system has regularly had to use capital funds just to keep up operations, limiting resources for system-wide improvements. To help close the gap Murphy is proposing a 2.5% tax on business profits of companies that netting more than $10 million annually.

The proposal comes after a temporary business tax increase ended at the end of last year. That surcharge affected some 3,100 businesses, according to the administration, while the new proposal would levy taxes from about 600 firms. Murphy said small and medium sized businesses would not be impacted.

Business leaders decried the increase, arguing the governor essentially went back on a commitment to keep the corporate tax rate down.

The state’s budget has grown significantly since Christie left office after signing a $34.7 billion spending plan. The state takes in income, sales and business taxes to fund a mix of programs and services, including state government itself but also education and health care funding.

Murphy is also proposing to continue a property tax relief plan first initiated in 2022 that doled out up to $1,500 in tax rebates to families that make up to $150,000, as well as aid for renters. As initially envisioned the program helped under a million households. The new budget would increase the benefit to 1.3 million households, Murphy said, though it’s not clear exactly how.

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

97 Responses to Taxes Up!

  1. grim says:

    From Gothamist:

    To save NJ Transit, Gov. Murphy wants to raise taxes on NJ’s wealthiest companies

    Gov. Phil Murphy wants to tax the wealthiest corporations in New Jersey to create a dedicated fund for NJ Transit as it faces a nearly $1 billion fiscal cliff.

    The governor announced the new tax in his annual budget address on Tuesday, which unveiled his spending priorities for the fiscal year that begins in July. The new “Corporate Transit Fee” would tax businesses that earn more than $10 million in profits.

    Murphy had allowed a similar corporate income tax surcharge on businesses with $1 million in annual profits to expire this year, and repeatedly defended doing so as a necessary measure to encourage investment in New Jersey.

    Like the previous surcharge, it would raise the corporate tax rate to 11.5% for affected businesses, instead of the 9% currently in effect.

  2. grim says:

    ADU’s everywhere! From the Record:

    Gov. Murphy wants to give money to build affordable housing in NJ backyards and basements

    Several New Jersey towns could receive funds to encourage developing affordable accessory dwelling units — smaller, independent structures on the same lot as a single-family home — under a pilot program Gov. Phil Murphy proposed in his Tuesday fiscal year 2025 budget address.

    Advocates hail the practice as part of a solution to address the state’s affordable housing shortage.

    Under the $10 million proposal, 10 or more municipalities would be awarded up to $1 million through a competitive grant process.

    Towns partnering with nonprofits can provide up to $100,000 in forgivable capital loans and construction financing to homeowners looking to build or redevelop accessory dwelling units, such as a basement apartment, a tiny house in the backyard or an apartment over the garage.

    In return, homeowners who receive the assistance would have to have a minimum 10-year deed restriction to reserve the unit for renters or buyers who make under 80% of the area median income.

    Though New Jersey doesn’t have a statewide law allowing ADUs, some towns, such as Princeton, Montclair, Maplewood and East Orange, are passing local ordinances that govern or restrict how they operate. The Murphy administration is hoping this program would inspire more towns to adopt ADU ordinances so they could be eligible for the funding.

  3. grim says:

    From CNN:

    US home prices hit new all-time high in December

    US home prices hit an all-time high in December, according to data released Tuesday.

    Prices were up 0.2% from the month before, seasonally adjusted data from the S&P CoreLogic Case-Shiller US National Home Price Index showed. That continues a streak of seven consecutive record highs in 2023.

    Compared to a year ago, the national composite index was also up, with prices 5.5% higher from December 2022. That was an increase from the 5% annual gain in November.

    Prices in half of the 20 metro markets beat prior records, including Las Vegas, which was the fastest rising market in December, after accounting for seasonal impacts.

    “US home prices faced significant headwinds in the fourth quarter of 2023,” said Brian Luke, head of commodities, real and digital assets at S&P Dow Jones Indices, in a release.

    But, looking back on the year, a rising tide seemed to lift all boats, given broad-based performance in the US housing sector, Luke said. Home prices rose solidly after declining from roughly mid-2022 to the beginning of 2023 amid surging interest rates and high inflation. The annual growth in 2023 outpaced the average annual home price gain over the past 35 years.

    All 20 markets reported yearly gains for the first time this year, Luke said, with four markets rising over 8%. Even Portland, Oregon, which had seen 11 months of declines, saw year-over-year growth.

    Regionally, the Midwest and Northeast both experienced the greatest annual appreciation, with 6.7%.

  4. Hold my beer says:

    First

  5. Chicago says:

    Grrrrrrrr

  6. Libturd says:

    “My uncle is a musician if that helps.”

    Well that explains your teenage infatuation with New Order. Your uncle is Bernard Sumner!

  7. 3b says:

    I don’t see Princeton, Summit, Ridgewood, and those type of towns allowing hut houses in backyards, and basement apartments.

  8. Chicago says:

    Libturd says:
    February 28, 2024 at 7:53 am
    “My uncle is a musician if that helps.”

    Well that explains your teenage infatuation with New Order. Your uncle is Bernard Sumner!
    https://m.youtube.com/watch?v=FD2SfQJOK08&pp=ygUMam95IGRpdmlzaW9u

  9. Libturd says:

    3B,

    Montclair has embraced the ADU. More rental income. Increased property taxes.

    Everything these days is about collecting as much government revenue as possible.

  10. 3b says:

    Lib: I can see Montclair doing it, but Ridgewood or Summit? I don’t see it, but it’s possible.

  11. No One says:

    Gov to provide one more big reason for profitable companies to leave NJ.

  12. BRT says:

    Princeton always fights to prevent any plebs from entering their town.

  13. 3b says:

    BRT: Hut houses in backyards and basement apartments, it seems like we are going backwards instead of forward.

  14. 3b says:

    No One: I believe with this new corporate tax rate NJ will be the highest in the country.

  15. 3b says:

    4th qtr GDP downgraded slightly to 3.2, economy still “strong “with strong consumer spending. How long can consumers continue to spend, credit cards etc. just asking.

  16. Boomer Remover says:

    How long can consumers continue to spend, credit cards etc. just asking.

    Longer than you think. Over time, as the plebs pay down their equity, a lot of discretionary income comes online. I see it with my father in law and friends here in NJ. An additional $2-3K that stays in the account is go to the mall and cheesecake factory money.

  17. SmallGovConservative says:

    3b says:
    February 28, 2024 at 9:38 am
    “How long can consumers continue to spend…”

    What’s unclear to me — and maybe this has been outlined somewhere and I just missed it — but I wonder how much of the (seemingly endless) increase in consumer spending is truly discretionary, and how much is the result of inflation on non-discretionary spending. I recall Eddie half-jokingly mentioning (I think) dropping $100+ in the 15-items-or-less checkout lane at Shop Rite. That’s not far from the truth, and I think at least partly explains why consumers are spending more — they have no choice!

  18. 3b says:

    Small: That makes sense to me. And Fast” s comment about Shoprite is pretty accurate. I was just there yesterday, and 65 bucks for one bag, about 15 items, pretty basic stuff, no meat.

  19. Chicago says:

    Re: spending. The Federal budget is huge. Very stimulative. 80% of money for Ukraine aid is spent in the United States. Federal spending is oversized. War is stimulative. Illegal immigration floods worker pool. Inflation gets tamped down.

    Asset owners are flush. Investment accounts and real estate.

  20. Fast Eddie says:

    Yes, $100 on the express ShopRite line. And where to begin with the budget and plans by Governor Snaggle Tooth? Affordable huts in Violetta’s backyard? Will we see the area where the child’s body was found via police helicopter? And $1 Billion more for teachers’ salaries, perks and pensions? Of course, it’s for the children… the same nose-picking brats that can’t read, write or do math.

  21. Libturd says:

    “Asset owners are flush. Investment accounts and real estate.”

    Hell yeah. We aren’t feeling it at all and I’m simply not seeing it. Family is taking about 5 vacations this year.

  22. Libturd says:

    Everywhere I go, lots of traffic and lines.

    See the NJ budget? 6 Billion surplus??? People are not struggling. It’s all a narrative. The economy is on steroids regardless of what FoxNews says.

    How’s your business Grim?

    We earned our bonuses this year.

  23. Libturd says:

    Lots of economic news coming out this week. Big one is PCE tomorrow, but market got fooled today by manufacturing report that only showed big drop due to Boeing’s order book drying up after all that wonderful news. Market is down slightly, but I would bet it finishes flat again once news is digested. PCE is a win/win tomorrow. If it goes down, then interest rate coming. If it goes up, then economy is still on fire. Friday is Employment report.

  24. Libturd says:

    And AC was packed on Sunday. I mean, stuffed to the gills. Nothing special going on either.

  25. Libturd says:

    In negative news. CW is purchasing my SOFI like a drunken sailor. I may have to sell prematurely.

  26. Bystander says:

    Lib,

    I will make sure to tell my two brothers and my bro in law, all who are looking for work that it is a narrative. Yes, they all own homes and have savings. Two of them got severance for awhile. My useless bro in law was contract. They can spend..for awhile. The underneath is not good.

  27. 3b says:

    Lib: So what kills the economy, or is this the new normal, no more recessions. All is well.

  28. Fast Eddie says:

    I have two friends also looking for work – one is in accounting and the other in IT Architecture. Goods and services are head-shaking expensive and CC debt is competing with that national debt clock in a race. Instant gratification is the soup de jour all day every day because the muppets will not be denied!

  29. BRT says:

    BRT: Hut houses in backyards and basement apartments, it seems like we are going backwards instead of forward.

    Indentured servant housing

  30. SmallGovConservative says:

    Libturd says:
    February 28, 2024 at 10:44 am
    “And AC was packed on Sunday.”

    Haha! Lib drawing consumer spending and economic health anecdotes from his degenerate gambler cohort in seedy AC. Note to Lib, gamblers never stop spending!

  31. 3b says:

    BRT: Sad in my view, but all is supposedly well.

  32. 3b says:

    Fast: Are your friends in the 40/50 age range?

  33. Libturd says:

    SGC

    Not true at all about gamblers. As a matter of fact, gambling is one of the first things that people cut when the economy turns. One need only look at gambling mecca revenues whenever the economy turns down. There are lots of jobs out there. Just not the mid manager type level. But I expect this to change with AI where the bottom will suffer more than the middle as their menial tasks are much easier to replace with automation. Anecdotally, two of my failure nephews are recently gainfully employed as NJ publish school teachers. There are decent jobs out there for the taking. Though, gone, at least for now, are the easy days of easy money.

    As for the recession, they will still occur. Wall Street will make sure of it. After all, they create most of them. For now. I think we are good T least through the end of year. Probably further. I’m just not seeing anything dramatic on the horizon. And remember. The FED has bullets to get the gravy train going again if the economy does slow.

    Inflation sucks for sure, but we it’s just reversion to mean. We had been running for so long with flat inflation we forgot how it gets sometimes. I’m taking the family to Florida end of March. Got the airfare for $140 round trip on Delta. Staying at nice hotel in Boca Saturday through Tuesday for $420 tax included. Booked resort in. Clearwater for $200 a night. Rental car was even dirt cheap. Planning trip to CR in June. Seeing airfare for under $300. Where’s the inflation? Things are still pretty cheap here. Look in Europe for a shitty economy. It’s pretty good here right now. I go by the economic reports. Not by ShopRite cereal prices. And if things were so bad, they would be dropping too.

    Just telling it how I see it. Heck. Can’t even get an appointment for an oil change these days.

  34. Chicago says:

    NJ is a graying state. We skew older. The younger people that are here tend to be wealthier because high costs chase middle class millennials away.

    In tech fields or roles, once you have gray hair, there is a constant pressure to chop you. Ageism there is alive and well.

    Just to be clear, we are explaining Feb 2024 observations.

    These are not 2025 projections.

  35. Phoenix says:

    Where’s the inflation? Things are still pretty cheap here. Look in Europe for a shitty economy.

    Of course it is. America blew up the Nord Stream pipeline. Now America has stuffed it’s fuel pipe into their rectum and turned on the valve.

    That’s what they get for defying Ronald Reagan in the 80’s. Hehe.

  36. Libturd says:

    And for the record. Lots of people lose their jobs in their 50s. Legacy costs need to be trimmed and you often hire three people for the cost of me. Which is why you have to keep reinventing yourself. Look at FlabMax. He knows. I know. I’ve had a few friends who got the axe. Save early, save often. At this point, I only need health care. I make much more off my investments than my labor. I am not adverse to flipping burgers or teaching even.

  37. Phoenix says:

    Germany and NATO tell Macron to go S A D.

    They know exactly what’s coming if NATO troops show their face in Ukraine.

    This war was over energy. Follow the money. It’s always, always the money.

  38. Libturd says:

    Chicago,

    We are clearly on the same page about age. You call it ageism. I call it smart business. Those managers who can’t work a spreadsheet by the time they are in their 50s need to go.

  39. Phoenix says:

    Don’t you get free healthcare in Costa Rica?

    At this point, I only need health care.

  40. Phoenix says:

    Libturd says:
    February 28, 2024 at 11:46 am
    Chicago,

    We are clearly on the same page about age. You call it ageism. I call it smart business. Those managers who can’t work a spreadsheet by the time they are in their 50s need to go.

    This kind of talk seems familiar. Hasn’t this kind of thing happened in the past?

  41. Phoenix says:

    “Look at FlabMax. He knows. I know. I’ve had a few friends who got the axe. Save early, save often.”

    Don’t forget “get lucky.” I’m sure LW would like some of his “save early save often money back.

  42. Libturd says:

    Okay. Add stay single to the list!

  43. Phoenix says:

    Thankfully for three of my co-workers my managers don’t have the attitude that has been presented here. Hell we now have 3 working with cancer. They need healthcare and have to work in it in order to keep it.

    There is compassion in my business. We take care of our own instead of discarding them like trash.

  44. Phoenix says:

    When the cat is away the mice will play….

    Stay-at-home wife SLAMMED after admitting she spent years siphoning $47,000 from her husband’s earnings to use as ‘rainy day escape fund’ – and is now REFUSING to give it back even after ‘near-fatal accident’ drained ‘all his savings’
    A woman, 34, has been stashing some of her husband’s earnings for years
    After the couple fell on hard times, she still didn’t tell him about the savings
    When he asked her if they could downsize, she confessed to siphoning the funds

  45. Phoenix says:

    Hehe. America.

    More than 30 workers with the Kentucky Department of Corrections were caught having sex with inmates behind bars during a 16-month period, while others were found smuggling drugs and guns.

    A shocking investigation by Herald-Leader revealed 59 cases of employee-on-inmate sexual offenses in the past five years, with 35 cases involving possible criminal charges.

    Most recently, 42-year-old Amanda Kulka was charged with third-degree sodomy earlier this month for allegedly having a sexual relationship with an inmate half her age.

  46. Phoenixs says:

    Eight years. Yeah, America and NATO own this war. Chucky Schumer and Macron want our kids fighting it. GSAD.

    Nestled in a dense forest, the Ukrainian military base appears abandoned and destroyed…But that is above ground. Not far away, a discreet passageway descends to a subterranean bunker where teams of Ukrainian soldiers track Russian spy satellites and eavesdrop on conversations between Russian commanders…

    The listening post in the Ukrainian forest is part of a C.I.A.-supported network of spy bases constructed in the past eight years that includes 12 secret locations along the Russian border.

  47. Fast Eddie says:

    3b,

    One is 59, the other is 60. One is the quintessential introvert and the other needs to drop 30 pounds. Ageism definitely plays a part in it all, no matter the gig. Lib said it above, healthcare insurance is the biggest thing that affects us all. As for jobs, I’d get two and three of those “snag a job” type gigs if I couldn’t land anything in my field if I was laid off.

  48. Boomer Remover says:

    Do not google Amanda Kulka. Ay Caramba!

  49. 3b says:

    Fast: I don’t mean to be negative, but at their ages it will be almost impossible to get similar jobs/ pay vs what they had.

  50. The Great Pumpkin says:

    This! 100!

    Chicago says:
    February 28, 2024 at 10:09 am
    Re: spending. The Federal budget is huge. Very stimulative. 80% of money for Ukraine aid is spent in the United States. Federal spending is oversized. War is stimulative. Illegal immigration floods worker pool. Inflation gets tamped down.

    Asset owners are flush. Investment accounts and real estate.

  51. The Great Pumpkin says:

    Becoming a playground for the wealthy…..and the poor (concentrated in cities). We all knew this would happen. Those people leaving made a big mistake as they won’t be able to buy back in. Tried warning them all last decade…but didn’t listen. Grass was greener…right. How are those florida insurance premiums fools? Still crying about our property taxes that have barely gone up since you all left for florida, texas, and the carolinas. Dumb move.

    Chicago says:
    February 28, 2024 at 11:41 am
    NJ is a graying state. We skew older. The younger people that are here tend to be wealthier because high costs chase middle class millennials away.

    In tech fields or roles, once you have gray hair, there is a constant pressure to chop you. Ageism there is alive and well.

    Just to be clear, we are explaining Feb 2024 observations.

    These are not 2025 projections.

  52. Boomer Remover says:

    I received invite email for the Reddit IPO (“pre-registration”). It looks like my reddit activity places me in group four of six in terms of seniority. US residence requirements should shake that tree a bit. I’ll know more after the 5th when registration closes. Anyone else get this between Feb 22nd and today?

  53. Boomer Remover says:

    I should note that it was my contributions to r/wallstreetbets that piled on the karma. Trading messages with u/deepfknvalue and the gamestop saga was wild.
    What a time to be alive.

    Still think there’s millions of users in the 50-100K karma club so unsure who they will accept and allot pre ipo shares to.

  54. 3b says:

    Chgo: Median 401k balances for those in their 50s/60/s look pretty weak.

  55. Bystander says:

    Lib,

    Yep, all late 40s to mid-50s but I actually think we are in strangest times of all. These guys owned homes for years (at least prior to COVID) so they have lot of equity, either no mortgage or mortgage and lower rate. In other words, housing expense is a smaller % of their income. Now, a 34 year old that has to pay 4k for rent, 1K car payment, kids, saving for house and student loans etc..going to need alot more income. These older guys would just stay if you continue to pay them same. Younger folks need more to survive and will move frequently to chase a salary. That has flipped IMHO. It is also clear that they are just a symptom of a bigger problem with layoffs. You have tons of millennials in thirties who don’t have the savings, home equity or income to withstand long term unemployment. That is more my point. The ladder rungs have been sawed off

    3b,

    The recession starts when market corrects, CRE has apocalypse and home values tank. If Fed is smart, then don’t intervene. You give these kids a chance to jump in at that point. Bail it out and you will screw younger gens. Sorry but wages are just not keeping up here. F-ck, I had Morgan Stanley and Citi both trying to get 7-10 years tech lead roles for legal/tax/compliance areas at 75K bottom salary range, mostly onsite. Nuts.

  56. 3b says:

    Bystander: And yet the Fed says Millenials are wealthier than Boomers were at the same age. I find that hard to believe, and I agree with you. But, what do I know

  57. 3b says:

    Bystander: The Fed will intervene like they have done over the last 15 years or so, and that created much of the mess/ distortion in the economy/ markets we have today. Also, for the younger generations, AI will be and should be a big concern. Those that say it will just help employees be more efficient, and won’t eliminate jobs are delusional.

  58. Bystander says:

    This will be the future across retail and restaurants. Already see it. Peak hour pricing is on the way for the foolish..

    “Wendy’s has “no plans” to raise menu prices at busy times of day, the company clarified in a statement. The nation’s second-largest burger chain sparked controversy with an earlier announcement that it would test “dynamic pricing” starting in 2025 — which Wendy’s says was “misconstrued” as the kind of surge pricing used by Uber and Lyft. “

  59. Libturd says:

    I’m waiting for Chipotle and Chick-Fil-E to introduce congestion pricing.

  60. The Great Pumpkin says:

    Will mean cheaper for me….no f/ing way in hell do I pay more for something because I have to have it now when everyone wants it. Just another way to take advantage of impulsive idiots.

    Bystander says:
    February 28, 2024 at 12:59 pm
    This will be the future across retail and restaurants. Already see it. Peak hour pricing is on the way for the foolish..

  61. The Great Pumpkin says:

    Reddit IPO….no clue what to think about it at the moment.

    DNA is def going to be a future gem. Nice news today that shows where they are going long-term. Just a buy and hold investment that will eventually payoff nicely.

  62. The Great Pumpkin says:

    Lmao….love crypto. Rollercoaster baby!! Who wants to ride?

    You see that chit today?! Cleaned up leverage…why you don’t use options or stop losses with crypto. They will take you out.

    I made good money on bonk this past week. Bought in on feb 22nd….and made 30% already. Been trading it…just run with the trends. Been making good money on it this year.

  63. Phoenix says:

    This is sad, these are the best ones of all.

    Reckoned for every 1,000 women of childbearing age, the fertility rate among Hispanic women in 2007 “was 97.4,” Kearney and Levine report, and “it fell to 62.8 by 2020.”

  64. Libturd says:

    McConnell Stepping Down as Senate GOP Leader

  65. Phoenix says:

    Libturd says:
    February 28, 2024 at 1:53 pm
    McConnell Stepping Down as Senate GOP Leader

    Bet he won’t give up his car keys. hehe.

  66. Libturd says:

    They never do.

  67. Phoenix says:

    Mr Magoo.

  68. 3b says:

    PCE is expected to come in hot tomorrow.

  69. BRT says:

    McConnell Stepping Down as Senate GOP Leader

    Will he use a cane to take that step?

  70. Phoenix says:

    Who gets this money?

    A popular multi-state chain store is set to be fined nearly $50 million after admitting to holding and selling consumer products from a rodent-infested warehouse.

    Family Dollar Stores LLC pleaded guilty to holding food, drugs, medical devices, and cosmetic products at a rodent infested warehouse at the Arkansas distribution center on February 26.

  71. Phoenix says:

    From the comment section:

    Cop was tipping this violent criminal off not to lie about what happened. They would NEVER inform a regular suspect that there was video as they approached them.

    Yep they’d let them keep going on and on about how they were lying about it.

  72. Phoenix says:

    A hat tip to all of the engineers who designed these cameras, and those hardworking people in China who make this recording technology inexpensive enough for us plebes to protect ourselves and bring awareness and justice for the crimes committed against us.

    Thank you all.

  73. Phoenix says:

    The White House confirmed President Joe Biden did not take a cognitive test during his annual physical on Wednesday, and insisted he ‘doesn’t need’ one.

    Well, he doesn’t need one cause even Stevie Wonder could see the obvious.

    However, he kinda does just for legal and documentation purposes.

  74. Phoenix says:

    Well, his mommy likes to do a little groping at the theater. Kid from a broken marriage. Was mommy Monkey Branching? You can’t expect your kid to fly straight as an arrow when your bow is crooked and corrupt.

    Tyler Boebert, 18, was arrested Tuesday over a recent string of vehicle break-ins and property theft in Rifle, Colorado. The eldest son of Rep. Lauren Boebert and ex-husband Jayson faces 22 charges, including criminal possession of a financial device. Jayson, 42, told Daily Mail, ‘I know my son is a good-hearted child and still has his whole life ahead of him.’ He added, ‘My love for my children is unconditional and I vow to stand by them unwaveringly through all of life’s challenges.’

  75. Libturd says:

    The Boebert’s are clearly role models for the Republican Party of the future. Again, we all want the swamp drained. But not if it is going to be refilled with uneducated and unintelligent boobs not fit for leading a state or country, let alone their own families.

  76. The Great Pumpkin says:

    Up 50% since buying bonk feb 22nd

  77. chicagofinance says:

    It is not so easy to simply whack an older person. My wife used to work in HR. Older workers are a protected class. I have a client who is 54 in IT-accounting-kind-of-job who was just whacked by internet retailer. They tried to get off by giving him 8 weeks severance and COBRA, with 7 years of job tenure. He came back at them with “I have a family” … “this is a bit of a weak job market” etc…. the said we won’t talk unless you sign. He said no…… within 48 hours they come back with 24 weeks severance and 6 months COBRA. Employer isn’t stupid.

    Fast Eddie says:
    February 28, 2024 at 12:15 pm
    3b, One is 59, the other is 60. One is the quintessential introvert and the other needs to drop 30 pounds. Ageism definitely plays a part in it all, no matter the gig. Lib said it above, healthcare insurance is the biggest thing that affects us all. As for jobs, I’d get two and three of those “snag a job” type gigs if I couldn’t land anything in my field if I was laid off.

  78. chicagofinance says:

    Another client is retired split time between NJ and Portland, OR. Each location is near adult children and post-high school grandchildren.

    Just told me that they are giving up Portland address to live full time in NJ. Portland has deteriorated too much, and she lives in one of the upscale neighborhoods. The decriminalization of personal possession of hard drugs was a huge mistake. The city is completely falling apart. They is significant discussion of reversing the measure.

  79. 3b says:

    Chicago: No, it’s not. But, once it is done it will almost be impossible for that employee to get a similar position and pay at another company.

  80. The Great Pumpkin says:

    60%

    Been trading it…but too scared to sell right now. Moves too strong.

  81. 3b says:

    Chgo: 6 months pay for less than 10 years service is pretty generous.

  82. Fabius Maximus says:

    The job market for me is a $hitShow. More and more Fintech are dumping staff. The ones that are recruiting are getting hundreds of applications in hours they are also looking for unicorns. Check this one out

    “Basic qualifications
    PhD in a relevant discipline or Master with a comparable level of experience ​
    At least 5 years practical, relevant experience building NLP/IR/ML systems, from ideation to production
    Solid software engineering skills for prototyping
    Professional experience as a technical leader, translating complex business problems into projects with clearly defined scope, coordinating and guiding the work of others

    Preferred qualifications
    8 years practical experience building IR, ML or NLP systems in academia or industry 
    Demonstrated ability to translate cutting edge research into working prototypes and experience experimenting with novel IR or NLP models to solve real-world problems
    Experience in fast-paced, agile environments managing uncertainty and ambiguity
    Outstanding communication and data-driven decision-making collaboration with Product and Business Stakeholders
    Proficiency in Python, Java, or Scala and experience delivering minimum viable products in large enterprise environments
    Publications at relevant venues such as ACL, EMNLP, NAACL, NeurIPS, ICLR, SIGIR, KDD   or similar   ”

    For me I have finally qualified for Unemployment. That means that I should be able to get out of the donut hole Lib explained yesterday. Earn too much for assistance and too little little to benefit from tax savings. Problem is that income assessment is always backward looking so last year looked stellar on paper, so I have to ride out this year before I get access to programs.
    Overall I’m good shape. Still actively looking and getting nibbles. Blasting out the last courses for my MBA and building up steam on an AI and Blockchain ideas.
    I’m also looking to start a business, but cant find a suitable location.

    My advice to people is sit down and budget. Mrs Fab and I came from poor, so we know how to do this. While we enjoyed the good years, we were sensible and built up the reserves. We have health insurance from her job so between savings and investments I can get all the way to retirement if needs be. The only real big spend was the checks to continue on the life insurance policies from the old employer. We have a slowed the burn rate to a pilot light.
    Eating out for special occasions only sucks, but the fridge is stocked and there is gas in the cars. I love cooking so I get to shop smart and experiment. Tonight’s dinner is the Shoprite meal deal. Grass Fed Skirt steak at $5.99/lb came free with with Cilantro, a large red pepper, taco seasoning, a lime and a packet of Tortillas. Kids are getting a valuable lesson and its reflecting in the way they handle their own money.
    Life sucks at times, but a ride or die partner makes it a lot easier. For me there is always a reason why things happen in life. When I broke my leg two years ago, Mrs Fab had to resign her job that was 1 hr away. She got a perfect job a month later that’s a 10 min drive. This time, I have been dealing with some issues that not working full time makes it easier to handle.

  83. The Great Pumpkin says:

    The Rooftop Solar Industry Could Be on the Verge of Collapse
    Complicated financial products helped the U.S. rooftop-solar-power industry grow, but now put it at risk of becoming the biggest financial scam since the Great Recession.

    https://apple.news/AZ6_g08WARd-BxlMdb0Rk7w

  84. Hold my beer says:

    Pumps

    You actually bought something called BONK?

  85. Phoenix says:

    Isn’t that the same court and judges he purchased a few years ago? It used to be the thumbs on the scale, now it’s a f’n anvil.

    Trump is a good businessman, he knew who to put in the correct places. Well, of course with the help of that Crypt Keeper Ruth Bader Ginsberg that old dolt.

    Clot, enjoy your life in Canada. Hope you bought tickets before they run out.

    The Supreme Court will review Donald Trump’s unprecedented claim that he is shielded from prosecution for actions taken while in office, further delaying the former president’s federal trial in the nation’s capital on charges of conspiring to overturn his 2020 election loss to remain in power.

  86. The Great Pumpkin says:

    Yes…up 67% now. This is trading…not marrying the biatch.

    Great dev team, great community, and the soul of sol.

    Hold my beer says:
    February 28, 2024 at 8:47 pm
    Pumps

    You actually bought something called BONK?

  87. The Great Pumpkin says:

    This is up 67% on the trade since last Thursday…i’ve been killing it swing trading this biatch. Right now too scared to trade it…moves are too fast and hard to go against that trade right now. So holding.

  88. The Great Pumpkin says:

    Not trade…trend. You don’t go against trend like that. You ride it till you can’t.

  89. The Great Pumpkin says:

    74%

  90. BRT says:

    wasn’t Bonk a game on Turbografx 16?

  91. Libturd says:

    Zork was on the Commodore 64.

    Flab,

    I took advantage of that ShopRite deal too. Skirts need a lot of marinating. Hope you did.
    We order take out about once a month. In most cases, I cook better than they do anyway.

  92. Fabius Maximus says:

    Lib,

    I always do a dry marinade for steak. For this I dumped half the taco seasoning over the skirt steak and left it out to warm up for an hour. Mrs Fab likes skirt steak well done, which I have to deal with. This allows the steak to cook crisp on the outside and appear well done, but keep some flavor and moisture. Lowreys is my usual go to dry rub, but I have others I create or buy. Brisket I will use Mustard to bind the rub. Pork and Chicken will get the wet stuff.

    The pepper went into a foil packet with an onion and a few diced jalapenos and the rest of the taco seasoning. I threw in a few packets of the Knorr Spanish Dry rice packs that were on sale into the rice cooker with some home made chicken stock. Sour cream an Guac from Costco and shredded a block of mild cheddar from a Shop rite sale. I buy the $5 Costco chickens and that will be two meals and the carcass will replenish the stock.

    I picked up a 10lb pork belly and a 10lb pork loin from RD for smoking this week. That will cover my bacon requirements for the next month. My family goes through a lot of bacon.

    Cooking well and cheap is not hard, but does take planning and investment. I have a large chest Freezer, a full size vertical freezer and the usual fridges. I have solar panels from other hobbies and off grid camping, so if the lights go out ALA Sandy, I don’t lose the contents.
    I buy my main flour in 50Lb bags. They go straight into the freezer to take care of any issues and then either Kitchen Aid or Bread maker depending on the need. Starting to get back into Tipo 00 for Pasta and Pizza. Plan for the summer is a coal fire Pizza oven or a salamander.

    Maybe I should open a Food Truck! Cooking for me is fun.

  93. BRT says:

    Another client is retired split time between NJ and Portland, OR. Each location is near adult children and post-high school grandchildren.

    Just told me that they are giving up Portland address to live full time in NJ. Portland has deteriorated too much, and she lives in one of the upscale neighborhoods. The decriminalization of personal possession of hard drugs was a huge mistake. The city is completely falling apart. They is significant discussion of reversing the measure.

    Chi, my sister (age 35) lived in Portland for about 7 years. She tried moving out to the suburbs there but the nonsense bled into there as well. The people in town all have homeless living in their backyards. She championed all those policies and even started to try out shrooms as a store opened down the road from her. Now that she’s back, she is teetering on the edge mentally. Between the degrading quality of life, lack of sunshine, and the drugs, that place literally broke her.

  94. BRT says:

    The Rooftop Solar Industry Could Be on the Verge of Collapse
    Complicated financial products helped the U.S. rooftop-solar-power industry grow, but now put it at risk of becoming the biggest financial scam since the Great Recession.

    Why do you hate the planet?

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