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Category: Economics

SHOWDOWN: Federal Court Halts N.J. Sports Wagering

By Matt Rooney | The Save Jersey Blog

meadowlandsracetrackJust one after Gov. Chris Christie signed legislation legalizing sports wagering in New Jersey, a federal court has stepped in and applied the brakes.

Federal Judge Michael Shipp granted a temporary restraining order, sought by the NFL, NBA, MLB, NHL, and NCAA on Monday, stopping Monmouth Park from offering legal wagering on sports games this weekend for being violative of a federal ban and therefore, so they say, inherently harmful

Senator Joe Kyrillos (R-Monmouth), a sponsor of New Jersey’s repeal, reacted with disappointment.

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Thanksgiving just got a lot less sucky, NJ motorists!

By Matt Rooney | The Save Jersey Blog

Governor Chris Christie declined to answer direct questions about the Transportation Trust Fund and a proposed gas tax hike, Save Jerseyans, other than to say that Trenton is working it out, as he stood side-by-side with Senate President Steve Sweeney and DOT’s Jamie Fox on Friday, cars whizzing by the Molly Pitcher Service Area at high speeds (and with a few honks) to celebrate the ceremonial opening of six new lanes between exits 6 and 9.

More on that later.

The cost of the $7 billion Turnpike capital improvement program (which looks pretty nice, by the way, and just in time for holiday shopping) was funded by a less-than-nice 53% Turnpike toll hike and a 50% Garden State Parkway toll hike…

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Accountability is Nonexistent

By Joe Sinagra | The Save Jersey Blog

Want to know why we “need” to pay more, Save Jerseyans?

Are you being tired of being told there is no more waste to trim?

Try this on for size: federal workers who were placed on leave for disciplinary reasons, such as misconduct, security concerns or criminal issues, received $19 million while on leave this year ; during a three-year period, more than 57,000 employees were placed on leave for 30 days or more, costing taxpayers $775 million in salary alone.

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Good News for 2,800 Taj Mahal Employees

By Ed Sheppard | The Save Jersey Blog

taj mahalGood news, Save Jerseyans:

As I was putting on the finishing touches of my ideas to keep the Taj Mahal open, The Press of Atlantic City reported that the Taj Mahal, which was in danger of closing on November 13, has no immediate plans to announce its closure (click here to read my last post if you’re not all caught up).

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Christie to Chamber: “I’m tired of hearing about the minimum wage”

By Matt Rooney | The Save Jersey Blog

christie staring at town hallGov. Chris Christie was in one of his blunt moods at Tuesday’s U.S. Chamber Institute for Legal Reform’s 15th Annual Legal Reform Summit in Washington, D.C., Save Jerseyans, letting the audience gathered to hear his keynote address know, in no uncertain terms, that he’s “tired” of minimum wage proponents behaving as if raising it is an elixir for America’s economic ills.

“Is that what parents aspire to for our children?” Christie, according to The Hill, told a large H Street crowd. “They aspire to a greater, growing America, where their children have the ability to make much more money and have much great success than they have, and that’s not about a higher minimum wage.”

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What’s Going on With the Taj Mahal?

By Ed Sheppard | The Save Jersey Blog

taj mahalThe Taj Mahal is on the verge of closing, Save Jerseyans, and 2,800 people may lose their jobs. But unlike the other casino closings this year, where the main focus was on trying to find buyers for the properties, the main focus on the Taj is trying to save it, as management and other stakeholders are actively trying to do.

Which makes this a much more complicated process than the other closings. Which means it can also be easy to lose track of what is happening with this process and why. This is a volatile process with no easy answers to help solve it. Thousands of livelihoods are at stake. 

So let’s go over the facts of what is happening with the Taj Mahal, to the best of my knowledge, so we will all be on the same page later when we analyze this situation:

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What’s More Offensive Than Jeff Bell?

By Matt Rooney | The Save Jersey Blog

single motherThe feeding frenzy is fully underway, Save Jerseyans. You knew it was only a matter of time.

They refused to even acknowledge his existence for most of the Election 2014 cycle. But now that he’s opened wide and put his foot in his mouth? Get ready for everyone to trip over themselves to pin the tail on the misogynist!

“I’ve done a lot of thinking about this and looked at a lot of different polls, I think it has more to do with the rise in single women,” Jeff Bell, a Reagan era politico seeking to unseat Cory Booker (D-Twitter), told the Asbury Park Press during a recent interview when the topic of his polling position came up in the conversation. “Single mothers particularly are automatically Democratic because of the benefits. They need benefits to survive, and so that kind of weds them to the Democratic Party.”

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Kean Pitches Innovation-Themed Legislative Items

By Matt Rooney | The Save Jersey Blog

tom kean bell labsSenate Republican Leader Tom Kean, Jr. knows that there’s no cure for New Jersey’s overtaxed, overregulated anti-business climate than a better business climate, Save Jerseyans.

Today was all about eating around the edges and reclaiming New Jersey’s traditional reputation as a home of innovation goes back to days of Edison and, appropriately, Alexander Graham Bell.

The scion of one of New Jersey’s preeminent political families is also keeping his eyes on the road, looking ahead to the future, as Chris Christie spends more (and more) time outside of New Jersey and the next legislative cycle – and a gubernatorial contest? – loom right around the next bend.

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Obliterating Belgard’s Wage Gap Angle

By Matt Rooney | The Save Jersey Blog

I’ve written extensively about equal pay mythology, Save Jerseyans, but since Democrat lightweight Aimee Belgard is dusting off and trotting out this ultimate non-issue in her latest NJ-03 campaign advertising, I think it’s time to fight fire with fire and revisit the topic with a helpful visual aid…

There’s a lot of ignorance (and filth) out there. Fight back! This informative video is a good start; share it with an undecided female voter in your life:

Bringing Jobs to South Jersey: 20 Ways to Improve the Boardwalk Empire

By Ed Sheppard | The Save Jersey Blog

atlantic cityAtlantic, Cumberland and Cape May Counties have, historically, had the highest unemployment in the state. And now things are likely going from bad to worse with casino closures in Atlantic City. That’s the situation on paper. On the ground, living here, it pains me, every time, when I hear people my age and younger refer to this area as “a black hole”, and whose plans for a prosperous future start with them moving out of the area. All this means that in South Jersey, we need to figure out how to bring jobs back to the area. By writing a series of posts full of concrete, actionable ideas for job growth in South Jersey, it is my hope to inspire and influence key decision makers, in both the public and private sectors, to turn this “black hole” into a shining beacon.

This is part seven of my “Bringing Jobs to South Jersey” series, Save Jerseyans. Read parts one (cutting taxes and red tape), two (natural gas), three (wind power unit production), four (aquaculture), five (veteran care reform) and six (cruise ship port) if you haven’t already.

Save Jerseyans, while doing my series on job creation, I’m sure you were all wondering why I haven’t mentioned the 800lb gorilla in the room: Atlantic City.

And you don’t take on an 800lb gorilla on a whim; you need a plan. I laid out a few big ideas to get things rolling back in July. The other night, I decided to take a deeper and much more comprehensive look at the problem and flesh some things out:

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The History of New Jersey’s Transportation (Mis)trust Fund

Parkway congestion traffic

Major congestion on the Garden State Parkway near mile 96.6 in Wall Township.

By Joe Sinagra | The Save Jersey Blog

Did you know that New Jersey has $900 million a year going to pay off interest and principal on bonds issued years ago? The issuance of new bonds, not tax revenue, is funding the Trust Fund’s contribution to the Transportation Capital Plan.

Every year, the Transportation Trust Fund spends almost three times as much as it raises in taxes. Every time that the Trust Fund borrows $1.6 billion, it commits to paying $100 million a year for 30 years in debt payments (assuming a 5% interest rate).

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Bringing Jobs to South Jersey: Cruise Ship Port

By Ed Sheppard | The Save Jersey Blog

cruise shipAtlantic, Cumberland and Cape May Counties have, historically, had the highest unemployment in the state. And now things are likely going from bad to worse with casino closures in Atlantic City. That’s the situation on paper. On the ground, living here, it pains me, every time, when I hear people my age and younger refer to this area as “a black hole”, and whose plans for a prosperous future start with them moving out of the area. All this means that in South Jersey, we need to figure out how to bring jobs back to the area. By writing a series of posts full of concrete, actionable ideas for job growth in South Jersey, it is my hope to inspire and influence key decision makers, in both the public and private sectors, to turn this “black hole” into a shining beacon.

This is part six of my “Bringing Jobs to South Jersey” series, Save Jerseyans. Read parts one (cutting taxes and red tape), two (natural gas), three (wind power unit production), four (aquaculture) and five (veteran care reform) if you haven’t already.

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Assembly GOP Falls in Line as Override Attempt Fails

By Matt Rooney | The Save Jersey Blog

The New Jersey State HouseGovernor Chris Christie’s veto of the A-961 affordability analysis will stand, Save Jerseyans.

The final vote: 45 in favor of an override, 23 against and 5 in the meh, blech, or whatever camps, several votes short of the super-majority required for reversal.

I confirmed last week with Save Jersey sources that GOP leadership actively (and aggressively) whipped votes to avoid what was viewed as a potential embarrassment for the Administration.

What Monday’s result tells me? Among other things? While last fall’s Kean vs. Christie dust-up revealed the extent to which the Governor’s coattail-less reelection had damaged his political clout under the dome (e.g. don’t expect another breakthrough Cap 2.0 or pension reform in the near future), a majority of Assembly Republicans are still hesitant to cross the Christie front office… even if it’s to support a measure that they previously unanimously supported… 

 

10 Appropriate N.J. State Song Selections

By Matt Rooney | The Save Jersey Blog

New Jersey’s credit sucks as much as its tax rates, business climate and stubbornly-sluggish jobs market, Save Jerseyans, but that hasn’t stopped our legislators from wasting time debating a state song with the same obnoxiously carefree attitude that they exhibit when wasting our money, all while our family and neighbors run for the bridges.

None of their song choices are particularly appropriate. Here are ten much better suggestions from Save Jersey which, if we’re being honest (they rarely are) would make a lot more sense given the state of things in the Garden State… 

(1) Elvis Presley – I’m Movin’ On (1969)

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