but you wouldn’t know it if you owned property near the shore.
And then there’s this.
Things at home are unharmed, & I’m so pleased!
No heat, no electricity, but OK.
Thank you for all your prayers.
Read this post from a Philly fireman on what Camden is doing wrong.
h/t Ed Driscoll.
NJEA (the teacher’s union) Executive Director Vincent Giordano, who makes $550,000 a year, when asked about s
NJEA Executive Director to Poor Families: “Life’s Not Always Fair”
When questioned about the fairness of New Jersey’s low income families being financially unable to afford the option of moving their children to better performing schools, Mr. Giordano was cold, dismissive, and completely unsympathetic to their plight.
The exact quote?
“Well, you know, uh, life’s not always fair and I’m sorry about that…” (click here and listen to the clip)
Ah, that 1%…
This actually looks interesting,
Tune in Sunday, January 15 to see Oprah travel to the home of New Jersey Governor Chris Christie to discuss his lifelong struggle with weight, why he resisted a run for the White House and more.
N.J. Assemblyman Alex DeCroce collapses, dies in Statehouse after long legislative session
Longtime Assemblyman Alex DeCroce, the leading Republican of the state’s lower house who represented Morris County for 23 years, collapsed and died in a bathroom inside the Statehouse late Monday night, just moments after the 214th Legislature held its final voting session.
DeCroce, 75, of Parsippany, began serving the 26th Legislative District in the Assembly in 1989 and was the Republican minority leader since 2003.
I met him briefly at an event several years ago.
My condolences to his family and loved ones.
He went chateau shopping!
Yup, the guy who doesn’t know where the $1.2 billion of clients’ money went, went house hunting, big time.
You can’t make it up if you try:
On Eve of $41 Billion MF Global Bankruptcy Filing, Jon Corzine Was Château Shopping in France
In an exclusive report from three of Vanity Fair’s premier business writers—contributing editors Bryan Burrough, William D. Cohan, and Bethany McLean—the February issue delivers a sprawling account of the personal and professional battles of Jon Corzine, the former Goldman Sachs C.E.O. and ex-politician whose helming of MF Global resulted in a notorious $41 billion filing for bankruptcy and a $1 billion loss in firm equity. According to the piece, for the fiscal year that ended in March 2011, MF Global recorded day-one gains of $85 million on the former New Jersey governor’s risky trades on European sovereign debt and other assets, thanks to an accounting ploy. Because there were barely any expenses associated with such trades, the gains were almost pure profit. “Corzine would later tell investors that he made a $6.3 billion bet on sovereign debt, but the company’s filings made it look like he had a much bigger long position at the end of June 2011—$11.4 billion, offset by ‘short’ positions of almost $5 billion,” Vanity Fair reports. One analyst says: “If those trades had not been there, MF Global would have been forced to sell or go out of business.”
Go read the whole article, at Vanity Fair, that arm of the vast right-wing conspiracy. Be advised you may need a barf bag.
‘Devastated’ Corzine Defends Actions as MF Global Chief
Being a master of bullsh*t, he also can’t remember where $1,200,000,000 went:
The trustee overseeing MF Global’s liquidation estimates the amount at $1.2 billion. Mr. Corzine said that he had little to do with the mechanics of moving customer cash and collateral and that he was “stunned” when he learned the money was missing.
“I simply do not know where the money is,” he said, noting that “there were an extraordinary number of transactions during MF Global’s last few days.”
Obama blundler. Democrat governor of New Jersey. Thief.
supposedly for “helping Corzine improve his image as a CEO“. Makes you wonder if that included learning how to comingle funds
A former MF Global employee accused former president William J. Clinton of collecting $50,000 per month through his Teneo advisory firm in the months before the brokerage careened towards its Halloween filing for Chapter 11 bankruptcy.
Teneo was hired by MF Global’s former CEO Jon S. Corzine to improve his image and to enhance his connections with Clinton’s political family, said the employee, who asked that his name be withheld because he feared retribution.
“They were supposed to be helping Corzine improve his image as a CEO—I guess you can tell how that went,” he said. Corzine resigned as CEO and chairman November 4.
Before Corzine joined MF Global in May 2010, the firm was a smart and well-run commodities broker, a culture that was turned upside-down by his leadership style, he said.
“The traders would be shaking their heads,” he said. “They would come back to their desk and say, ‘Well, I thought we were going to do this—but Corzine would come by and do something else all by himself,’” he said.
The Teneo contract with MF Global lasted at least five months, he said. “The board cancelled it after Corzine resigned.”
Why isn’t Corzine awaiting trial yet?
And, by the way,
The Corzine Democrats: What Did They Say About Abramoff?
Second-highest tax burden in the country:
5 Highest State Tax Burdens
1. Connecticut
Income tax: 5%
Sales tax: 6.35%
Property tax per capita: $2,381
Inheritance tax: 7.2% to 16% with $2 million exemption
High taxes in Connecticut are paired with the nation’s highest income per capita–$56,001 per person in 2010, according to the Bureau of Economic Analysis. A sales tax increase took effect in July, raising the rate, from 6 percent to 6.35 percent, and adding a further 3 percentage-point levy on luxury goods such as expensive cars and boats. The state collects the third-highest property taxes per capita and is one of 14 states to tax Social Security income, according to CCH.
2. New Jersey
Income tax: 6.37%
Sales tax: 7%
Property tax per capita: $2,625
Inheritance tax: See note*
Regularly listed as a state with one of the highest tax burdens, New Jersey is cited by the Tax Foundation as having the country’s highest property tax per capita. All Social Security benefits in New Jersey are excluded from gross income.
* Transfer to a spouse, lineal descendant, or charitable organization is tax-free; transfer to children-in-law is taxed at 11 percent to 16 percent; all other transfers are taxed at 15 percent to 16 percent.
Buy New Jersey magazine, and you’ll find dozens of ads for housing and retirement communities in Pennsylvania.
(h’t Instapundit)
WaPo bulletin:
Chris Christie not running for president in 2012, source says
Christie has called a 1 pm press conference in Trenton to announce the decision.
We need him in NJ.
UPDATE, 1:03PM,
“New Jersey, whether you like it or not, you’re stuck with me.”
Christie confirms he’s not running.
VIdeo:
