Republican congressional candidate Brent Sonnek-Schmelz today demanded that Congressman Frank Pallone (Radical Progressive Liberal Democrat-Middlesex and Monmouth Counties) return the $10,000 he has collected from Mylan Pharmaceuticals’ political action committee and that Pallone explain his cozy financial relationships with the companies he is charged with overseeing as the ranking member of the House Energy and Commerce Committee.
Mylan and CEO Heather Bresch have come under scrutiny this week after it was reported that the company has increased the wholesale price of EpiPen 400% while Bresch’s salary has increased 671% from $2,453,456 in 2007, the year of the Mylan aquired EpiPen to $18,931,068 in 2015.
EpiPen is a life saving emergency treatment for anaphylactic shock. Sales of the drug provide 40% of Mylan’s operating profit, according to published reports.
WEEHAWKEN – Commuters will get free sewing kits to celebrate the maiden commercial voyage of the Betsy Ross, the region’s newest “luxury” ferry, which will begin service on Sept. 1 between the Jersey Shore and the New York Harbor region, its operator announced Wednesday. The Betsy Ross, named for the Revolutionary War heroine famous for stitching… Read the rest of this entry »
Assemblyman Declan O’Scanlon is the best friend New Jersey drivers have in Trenton.
The Monmouth County legislator who defeated red light cameras today announced that he is introducing legislation that will reduce the end of the month waiting lines at Motor Vehicle Commission offices by changing the date that drivers’ licenses expire from the last day of the month to the birthday of the driver.
Shawn Bovasso, 47 of Howell and Abeer Jaffri, 24 of Marlboro were among the 40 New Jersey men charged in a statewide crackdown on child pornography distribution announced by Attorney General Christoper Porrino yesterday.
Bovasso had over 5000 files of child pornography on his computer at the time of his arrest by State Police detectives on July 15th. Troopers also found and seized two assault weapons from his residence. The assault weapons are being examined to determine if charges against Bovasso are appropriate.
Jaffri was arrested on May 31 and charged with both distribution and possession of child pornography.
Peter Grandich and Jets great Joe Klecko at the office of Peter Grandich & Co., Spring Lake
If you’re a fan of business news on television, you probably remember Peter Grandich. The former Wall Street Wiz Kid came to fame by boldly, and correctly, predicting the stock market crash of 1987 that few saw coming.
Grandich resisted the pressure from his bosses on Wall Street to withdraw his prediction and suffered the ridicule of many on the street and in the media…until he was proven to be correct. Then he was on his way to fame and fortune. Literally.
Today Grandich can’t get an invitation to a Wall Street Christmas party, never mind a segment on Cavuto. Not that he cares. He believes and is not shy about saying that most on Wall Street are fooling themselves. Grandich proclaims that trying to beat the market is a fool’s errand. Buy low cost index funds is his suggestion to the vast majority of investors.
TRENTON — State authorities have arrested 40 people hailing from every county in New Jersey following a large-scale child pornography crackdown. Authorities are scheduled to detail the arrests at an 11 a.m. press conference at the State Police technology complex in Hamilton. All of the defendants were charged with possession of child pornography, and most were… Read the rest of this entry »
Governor Chris Christie announced this afternoon that he has ordered the State Treasurer to fund transportation projects that are absolutely essential for the protection of the health, safety, and welfare of the people of the State of New Jersey, or that are required to ensure the receipt of federal funding.
The Governor’s announcement comes as the Transportation Trust Fund is on the verge of running out of money. The legislature failed to pass a funding mechanism for the fund by June 30th. Christie subsequently shut down all non-essential projects and those not at risk of losing federal funding.
TRENTON — A Wall Street ratings agency on Monday left New Jersey’s credit rating unchanged though it’s “cautious” on the state’s ability to meet its revenue forecasts this year. Fitch ratings noted that despite the state’s more conservative revenue forecasting in recent years — a departure from years of overly optimistic estimates that left big holes… Read the rest of this entry »
FREEHOLD — Attorneys for a Long Branch man who was convicted 24 years ago of sexual assault based partially on faulty evidence from a New Jersey State Police analyst are calling for the state Attorney General’s Office to investigate whether other people may have been wrongly imprisoned by his testimony. The state’s top law enforcement officer… Read the rest of this entry »