Each week in Face Time, NJBIZ editors approximate Chris Christie's mood and facial expressions based on the news.
FACE TIME: CLAIRVOYANT
Perhaps Christie has gotten his hands on Miss Cleo's crystal ball. How else could he have predicted how well Mitt Romney would match up against Barack Obama in last week's debate? Whether the race has been "turned upside down," as Christie asserted, is up for grabs, but Romney has certainly revived his candidacy.
Cory Booker – WINNER
Bloomberg Markets magazine is reporting the mayor collected $250 million in donations from wealthy Wall Street types who haven't set foot in the city since the '67 riots. It wasn't clear how much of that money was spent on his superhero outfit, though.
Newark – LOSER
With the city's budget nine months past its due date, the governor has put his foot down in saying Newark won't get a big state subsidy unless it slashes spending. That could put the city's budget under state supervision — something its ambitious mayor definitely does not want.
PSE&G – WINNER
The Susquehanna-Roseland power line that will snake its way from Pennsylvania to New Jersey got a critical federal approval last week, clearing the way for the $1.3 billion project — already under development — to pump up the amount of power the utility can send to consumers.
Employment – LOSER
The national jobs recovery seems to be well on its way, even if the pace is hardly breakneck, but New Jersey continues to flounder. Economists keen on finding a silver lining to the data are doing the kind of stretching usually reserved for Olympic gymnasts.
South Jersey Healthcare – WINNER
The nonprofit got federal approval to merge with Underwood-Memorial Hospital, in Woodbury, meaning the former competitors don't have to drain their resources in competing for the same patients. That could be a lesson for hospitals in the northern part of the state.
Mohegan Tribe – LOSER
The casino parent company may pay as much as $10 million in severance costs as it lays off more than 300 in Connecticut. Just the kind of welcome mat Atlantic City wants to roll out as the tribe takes a big role in overseeing Resorts.