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Monmouth Real Estate acquires industrial building for $18.3M

By Emily Bader
September 20, 2017 12:21 PM

Freehold-based Monmouth Real Estate Investment Corp. announced Tuesday it has acquired a 298,472-square-foot industrial building located in Kenton, Ohio for $18.30 million. CONTINUE READING

Overlook Foundation names new executive director

By Emily Bader
September 20, 2017 11:49 AM

Summit-based Overlook Foundation announced recently that Clelia Biamonti has been named its new executive director. CONTINUE READING

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Prudential names new chief actuary

By Emily Bader
September 19, 2017 01:02 PM

Newark-based Prudential Financial Inc. announced Monday that Candace Woods has been promoted to chief actuary and senior vice president. CONTINUE READING

Vonage names new channel chief

By Emily Bader
September 19, 2017 11:53 AM

Holmdel-based Vonage, a provider of business cloud communications, announced Tuesday it has named Bob Crissman channel chief and senior vice president. CONTINUE READING

Colliers announces new senior managing director

By Mario Marroquin
September 19, 2017 11:19 AM

Commercial real estate firm Colliers International recently announced Thomas Shirocky has joined the brokerage firm to serve as a senior managing director in its regional consulting firm division. CONTINUE READING

Unity Bank opens new N.J. location in North Jersey

By Emily Bader
September 18, 2017 02:33 PM

Unity Bank announced recently it plans to open its second Bergen County branch in November. CONTINUE READING

$10,000 grant presented to Camden employment program

By Arthur Augustyn
September 18, 2017 12:36 PM

Camden Corps Plus, a program designed to offer training and employment opportunities to youth in Camden City, received $10,000 in funding from Freeholder Jonathan Young and PSE&G. CONTINUE READING

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New Jersey voters — the live ones, at least — are used to the sensation that their votes don't count in a presidential election, since we are committed to a blue state, like a maniac depressive patient who refuses to take medication. (The dead voters, by contrast, are just happy someone keeps their memory alive by registering them.)

But a pair of discussed ballot issues could make the next two Novembers elections to remember. I'm referring to, of course, the higher education referendum on the books for this year and the minimum wage question that seems likely to get on the 2013 ballot.

The higher education bond — which would borrow $750 million to fund badly needed improvements at state universities — seems likely to pass, since it involves borrowing, as opposed to sensible budget appropriations, paid for via cuts to other services or new revenue generation, such as putting the Revel casino on a truck and driving it to the Meadowlands. We voters love our borrowing: New Jersey's state bird is the goldfinch, the state insect is the honeybee, the state tree is the red oak and the state sport is borrowing. It's a hard one to endorse, but there's no denying how badly upgrades are needed at our universities, and if Rutgers, et al, can keep some of the graduates from shiny new facilities from leaving the state after they graduate, it could have a tangible effect on business.

When it comes to furrowed brows and scowls, the minimum wage issue is the referendum you want. Chris Christie looks at a minimum wage increase the same way you do when you examine your shoes after stepping on a stinkbug, but when it comes to getting such a measure passed, legislative Democrats are more deeply divided than I was as an undergraduate at Villanova University, torn between studying a career that would leave me fulfilled, happy and wealthy, or journalism. Christie already has drafted a veto message for a bill, should it reach him, so the constitutional amendment seems like a sensible route.

At that point, expect some heavy lobbying as businesses work to kill it. The concept of voters telling businesses how much compensation they should offer is a novel one, but you'll notice the economies of places that have tried this — like Cuba and the Soviet Union — are more bust than they are robust. That measure shouldn't get any support, but New Jersey has a fantastic record of favoring poorly defended ballot measures (be sure to click that editorial, I'm very proud of it, especially the part at the end warning about trialkyl prebiotic pneumorrhagia) and rejecting economically intelligent ones, so it will be interesting theater going forward.

I'm even more irreverent on Twitter @joe_arney.

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Your vote still doesn't count

By

Back to Top Comments Email Print

Latest News

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New Jersey voters — the live ones, at least — are used to the sensation that their votes don't count in a presidential election, since we are committed to a blue state, like a maniac depressive patient who refuses to take medication. (The dead voters, by contrast, are just happy someone keeps their memory alive by registering them.)

But a pair of discussed ballot issues could make the next two Novembers elections to remember. I'm referring to, of course, the higher education referendum on the books for this year and the minimum wage question that seems likely to get on the 2013 ballot.

The higher education bond — which would borrow $750 million to fund badly needed improvements at state universities — seems likely to pass, since it involves borrowing, as opposed to sensible budget appropriations, paid for via cuts to other services or new revenue generation, such as putting the Revel casino on a truck and driving it to the Meadowlands. We voters love our borrowing: New Jersey's state bird is the goldfinch, the state insect is the honeybee, the state tree is the red oak and the state sport is borrowing. It's a hard one to endorse, but there's no denying how badly upgrades are needed at our universities, and if Rutgers, et al, can keep some of the graduates from shiny new facilities from leaving the state after they graduate, it could have a tangible effect on business.

When it comes to furrowed brows and scowls, the minimum wage issue is the referendum you want. Chris Christie looks at a minimum wage increase the same way you do when you examine your shoes after stepping on a stinkbug, but when it comes to getting such a measure passed, legislative Democrats are more deeply divided than I was as an undergraduate at Villanova University, torn between studying a career that would leave me fulfilled, happy and wealthy, or journalism. Christie already has drafted a veto message for a bill, should it reach him, so the constitutional amendment seems like a sensible route.

At that point, expect some heavy lobbying as businesses work to kill it. The concept of voters telling businesses how much compensation they should offer is a novel one, but you'll notice the economies of places that have tried this — like Cuba and the Soviet Union — are more bust than they are robust. That measure shouldn't get any support, but New Jersey has a fantastic record of favoring poorly defended ballot measures (be sure to click that editorial, I'm very proud of it, especially the part at the end warning about trialkyl prebiotic pneumorrhagia) and rejecting economically intelligent ones, so it will be interesting theater going forward.

I'm even more irreverent on Twitter @joe_arney.

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