Why the Republican victory is good for markets

republicansThe Republicans have taken control of the U.S. legislative agenda for the next two years if not longer, and that has political and market implications up until 2016 and likely beyond. Let’s see how they handle this role, given the divisiveness within the party itself and the fact that it did not really run on a…

Posted: November 9th, 2014 | Author: | Filed under: 2014 Elections, 2016 Presidential Politics, Economy | Tags: , , , , | No Comments »

Banks Should Defer Bonuses 10 Years: Fed Official


Fed Res official(Reuters) – Banks should defer bonus payments for 10 years and tap the bonus pool to pay any regulatory fines, a top Federal Reserve official said on Monday, taking aim at continued lapses across the industry even after the 2007-9 financial crisis. New York Federal Reserve Bank President William Dudley said banks should move toward paying… Read the rest of this entry »
Posted: October 20th, 2014 | Author: | Filed under: Economy, Federal Reserve Bank, News | Tags: , , | Comments Off

Warm Introductions, Profitable Meetings Make for Successful NJ EDA Founders and Funders Event

The next New Jersey Founder and Funders Event in on December 9

The second New Jersey Founders & Funders Event held by the New Jersey Economic Development Authority (EDA), on Sept. 17, 2014, was a resounding success, according to startup entrepreneurs at the event who spoke with NJTechWeekly.com. Founders and Funders event | NJ EDA Thirty startups from New Jersey were pre-matched with 17 angel and venture capital… Read the rest of this entry »
Posted: September 22nd, 2014 | Author: | Filed under: Economy, EDA, New Jersey | Tags: , , , , , | Comments Off

Analysis: Facing Budget Problems, Christie Plays Tax Amnesty Card

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Posted: September 18th, 2014 | Author: | Filed under: Amnesty, Chris Christie, Christie Administration, Economy, New Jersey, New Jersey State Budget, News, Taxes | Tags: , , , , , | Comments Off

Report: 38% of New Jersey Households Are Not Meeting Basic Needs

You can’t have everything you want (or need) in ALICE’S New Jersey

ALICE1.2 million New Jersey households, including 890,000 households with employed adults (28% of the states population) are not making ends meet, according to a report released by the United Way of Northern New Jersey.

The working poor are dubbed as Asset Limited, Income Constrained and Employed (ALICE) by the UWNNJ.  These are families of four earning less than $62,000 and single adults earning less than $28,000…the income levels needed to provide housing, food, child care, health care and transportation in New Jersey according to the report.

The report says that 53% of all jobs in New Jersey pay less than $20 per hour or $40,000 per year.

71% of ALICE households are white.  31% are in the prime wage earning years of 45-64.

85% of New Jersey’s 560 towns have 20% of their population struggling to survive.

The study is based on data through 2012 and does not fully measure the impact that Superstorm Sandy had on New Jersey’s economy.

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Posted: September 15th, 2014 | Author: | Filed under: Economy, Monmouth County, New Jersey | Tags: , , , , , | Comments Off

Christie Grappling With Bond Downgrades, Budget Shortfalls, Casino Closures

Credit: Governor’s Office/Tim Larsen For Gov. Chris Christie, who celebrated his 52nd birthday at a fund-raiser with Mitt Romney in East Brunswick yesterday, this has been a week to forget. Yesterday, Standard & Poor followed Fitch Ratings, Inc. in cutting New Jersey’s bond rating for the third time in Christie’s governorship. S&P cited not only the…

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Posted: September 11th, 2014 | Author: | Filed under: Chris Christie, Christie Administration, Economy | Tags: , , , , | 1 Comment »

Reeling from casino closures, Atlantic City boosters attempt to change resort’s sub-Vegas reputation

LAS VEGAS — As New Jersey Gov. Chris Christie and other lawmakers discuss the future of Atlantic City, the lure of this western city to people like Brian and Ruth Horvath is likely to be a big part of the conversation. The onetime New Jersey residents now live in Colorado, just 45 minutes by car from…

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Posted: September 10th, 2014 | Author: | Filed under: Atlantic City, Economy, New Jersey | Tags: , , | Comments Off

Freddie Mac faulted by IG in $2 billion mortgage fraud loss

foreclosure

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Posted: August 26th, 2014 | Author: | Filed under: Economy | Tags: , , , , , , | 1 Comment »

Monmouth County seeking employers for September 19 job fair

Companies must register to participate; jobseekers do not

 

Spring Job Fair at Brookdale Community College, April 2014

Spring Job Fair at Brookdale Community College, April 2014

LINCROFT, NJ – Monmouth County will again offer employers and jobseekers the opportunity to connect at the Monmouth County Fall Job Fair scheduled for Friday, Sept. 19 at Brookdale Community College.

“Employers who have immediate job openings are invited to participate in Monmouth County’s Fall Job Fair,” said Freeholder Serena DiMaso, liaison to the Monmouth County Division of Workforce Development. “This will improve the probability that jobseekers will find employment by attending.”

The event is free for employers to reserve a table and for jobseekers to attend.

The 2014 Monmouth County Job Fair will be held from 10 a.m. to 1 p.m. Friday, Sept. 19 at the Collins Arena at Brookdale Community College, 765 Newman Springs Rd., Lincroft.

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Posted: August 5th, 2014 | Author: | Filed under: Brookdale Community College, Economy, Monmouth County, Monmouth County Board of Freeholders, Press Release | Tags: , , , , | Comments Off

More Regulations for NJ Businesses

By Joe Schilp

Joe Schilp

Joe Schilp

This past week, the New Jersey state Senate and Assembly both passed the “Opportunity to Compete Act,” which prohibits businesses with more than 14 employees from asking applicants to check a box to indicate whether they have been convicted of a crime.  Additionally, businesses would be prohibited from asking first-time interviewees if they’ve been convicted of a crime.

It has been reported that NJ Governor Chris Christie’s office worked with the legislators on the language of the bill; thus, Christie is expected to sign the bill into law.

New Jersey is already one of the least business-friendly states in the United States.  According to the Tax Foundation’s 2014 State Business Tax Climate Index, NJ was the 2nd least business-friendly state – based on over 100 criteria – and ranked at the bottom in income taxes, corporate taxes, sales tax and property tax.  And this ranking does not account for the Democrat-controlled legislature’s zeal to increase the “millionaire’s tax” that affects far more people making less than a million dollars a year than people making more than that.

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Posted: June 29th, 2014 | Author: | Filed under: Economy, NJ State Legislature, Opinion | Tags: , , , , | 6 Comments »