ERROR: Macro njDefaultArticleHeader is missing!

Your vote still doesn't count

By

Back to Top Comments Email Print

Latest News

John Wiley & Sons names EVP of its publishing segment

By Emily Bader
October 16, 2017 02:08 PM

Hoboken-based John Wiley and Sons Inc., a research and learning company, announced Monday that Ella Balagula has been named the new executive vice president of its publishing segment. CONTINUE READING

Honeywell names global head of M&A

By Emily Bader
October 16, 2017 01:46 PM

Morris Plains-based conglomerate Honeywell announced Monday it has named Brian S. Cook its new vice president of corporate development and global head of mergers and acquisitions. CONTINUE READING

advertisement

Hampshire sells industrial portfolio in Connecticut

By Mario Marroquin
October 12, 2017 11:53 AM

Commercial real estate firm the Hampshire Cos. recently announced the sale of a four-building, 119,992-square-foot industrial portfolio in Danbury and Berlin, Connecticut, to a private buyer. CONTINUE READING

Marcus & Millichap complete sale of Dollar General in Clifton

By Emily Bader
October 13, 2017 01:03 PM

Marcus & Millichap announced recently the sale of an 11,500-square-foot building in Clifton for $1.75 million, according to Brian C. Hosey, regional manager of the firm’s New Jersey office. CONTINUE READING

Kushner Cos. completes purchase in Long Branch

By Mario Marroquin
October 12, 2017 11:05 AM

Commercial real estate firm The Kislak Co. recently announced it brokered the sale of the Ocean Court by the Sea motel in Long Branch to an affiliate of Kushner Cos. CONTINUE READING

Blau & Berg names director of business development

By Mario Marroquin
October 12, 2017 11:31 AM

Commercial real estate brokerage firm The Blau & Berg Co. recently announced it has named Christian Benedetto as its new director of business development. CONTINUE READING

Marcus & Millichap complete $3.5M sale of office building in Bloomfield

By Emily Bader
October 12, 2017 12:39 PM

Marcus & Millichap announced recently the sale of an 8,500-square-foot retail property in Bloomfield for $3.45 million, according to Brian C. Hosey, regional manager of the firm’s New Jersey office. CONTINUE READING

advertisement

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.

Share This Story On:

Your vote still doesn't count

By

Back to Top Comments Email Print

Latest News

advertisement

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.

Share This Story On:
advertisement

Comments


Be the first to comment.



Please note: All comments will be reviewed and may take up to 24 hours to appear on the site.

Post Comment
     View Comment Policy
advertisement
ERROR: Macro defaultSidebar is missing!
ERROR: Macro footer_top is missing!
Back to Top