WINNERS / LOSERS
Each week in Face Time, NJBIZ editors approximate Chris Christie's mood and facial expressions based on the news.
FACE TIME: BOLD
All that flak he caught for praising the president in the wake of the storm will amount to nothing if Christie actually succeeds in getting Washington to pay all the Sandy relief costs. Only D.B. Cooper has escaped the feds with that kind of money.
Steve Sweeney – Winner
Was it aspirations to a higher office that got the Senate president to go after Revel? We can’t say, but he gets points for lashing out at that most sacred of South Jersey cows and demanding better from Kevin DeSanctis’ woefully weak casino.
Prime Healthcare – Loser
Its move to take over Christ Hospital was scuttled earlier this year when the California company faced intense scrutiny from regulators and stakeholders over its questionable track record as an operator. Is there some reason to believe those same questions won’t be raised in its new bid for St. Mary’s?
Car companies – Winner
Another industry finding a silver lining from Sandy. The Record reports about 40,000 cars were ruined by the superstorm, which is great news to automakers, including BMW and Mercedes Benz, which have their North American operations in the Garden State and can expect to see a bump in sales.
Conrail – Loser
Details of the disastrous derailment in Paulsboro are still being worked out by investigators, but human error by a Conrail dispatcher is shaping up to be a key failing. It’s a black eye for Conrail and a huge problem for businesses that need that rail corridor to conduct their operations.
Demarest – Winner
In a first for Bergen County, the borough votes to eliminate its police department, saving some money by letting the county take over. An overdue move for a town of 2 square miles, but there are plenty of tiny towns — who will take up the charge next?
Port Authority – Loser
A double whammy for the bistate agency: It raised tolls again over the weekend, drawing loud cries from commuters, then weathered a report finding its police force to be grossly overcompensated. Seems as though there might be a common solution to those problems.