Mercedes USA leaving New Jersey for Atlanta; 1,000 workers affected

Georgia-Welcome-Sign-550x412MONTVALE, N.J. — In the latest in a string of corporate departures from northern New Jersey, Mercedes-Benz USA Tuesday confirmed rumors that after 43 years here, it is moving its headquarters to Atlanta to achieve the “profitable growth and efficiencies we require for the decades ahead.” Mercedes-Benz USA CEO Stephen Cannon said in a statement that… Read the rest of this entry »
Posted: January 7th, 2015 | Author: | Filed under: Economy, New Jersey, News | Tags: , , | 1 Comment »

Bankers Brought Rating Agencies ‘To Their Knees’ On Tobacco Bonds

money-500x250This story was co-published with Marketplace. When the economy nosedived in 2008, it didn’t take long to find the crucial trigger. Wall Street banks had peddled billions of dollars in toxic securities after packing them with subprime mortgages that were sure to default. Behind the bankers’ actions, however, stood a less-visible part of the finance industry… Read the rest of this entry »
Posted: December 24th, 2014 | Author: | Filed under: Economy | Tags: , , , , , , , , , , | Comments Off

N.J.’s income gap has widened significantly since 2000, report shows

assetContent (5)TRENTON — The income gap between New Jersey’s wealthiest residents and all other groups has widened significantly since the turn of the century, and grew worse after the recent Great Recession lifted, according to a new report. Only the top 20 percent of households in the state has seen their average income increase since the recession… Read the rest of this entry »
Posted: December 21st, 2014 | Author: | Filed under: Economy, New Jersey | Tags: , , , | Comments Off

N.J. revenue growth lags behind Christie projections

assetContent (10)

State Treasurer Andrew Sidamon-Eristoff testifies before Assembly Budget Committee on Governor Christie’s announcement yesterday to grab $2.43 billion meant for the pension system to balance the state budget. Trenton, NJ 5/21/14 (Tony Kurdzuk/The Star-Ledger)

TRENTON — New Jersey’s revenue, which last month was on track to meet Gov. Chris Christie’s forecasts, has fallen behind the 5.2 percent growth rate built into this year’s budget, according to a new report released today. After November tax collections fell behind the governor’s expectations in a number of areas, the growth rate through the… Read the rest of this entry »

Posted: December 12th, 2014 | Author: | Filed under: Chick-fil-A, Christie Administration, Economy, New Jersey State Budget | Tags: , , , | Comments Off

One-Third Of U.S. Children Live In Poverty

In a new paper released by the National Center for Children in Poverty (NCCP), a research center at Columbia University’s Mailman School of Public Health, researchers find that many children living in large cities in the U.S. are living in poverty. Nearly 3 in 5 children in Detroit are poor, and this rate has grown by… Read the rest of this entry »
Posted: December 7th, 2014 | Author: | Filed under: Economy | Tags: , , , | 3 Comments »

You Need to Create Buzz for Crowdfunding Efforts to Succeed, Speakers Tell NJEN Meeting


David_Drake_photo_from_NJENresized_imageDetailSize

David Drake of LDJ Capital spoke at the Nov. 12 NJEN meeting.

| John Critelli If you want to guarantee a successful equity crowdfunding campaign, “you need to find 20 bloggers with a minimum [of] half a million readers in the business you’re in. Then you need to figure out how to convince them to release… Read the rest of this entry »

Posted: December 2nd, 2014 | Author: | Filed under: Economy | Tags: , , , , | Comments Off

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: , , , , | Comments Off

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

Read the rest of this entry »

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