Headlines include 'Best Colleges for Your Money', Bridgegate and Gymboree going bankrupt.
When it comes to the nation’s “Best Colleges for Your Money,” the Ivy League’s Princeton University might sound like an unlikely candidate. After all, big name schools cost big bucks, right? But the combination of strong financial aid packages and tremendous postgraduate earnings potential landed Princeton the No. 1 spot on Money’s new list.
Our take: When you’re making a quarter-million-dollar investment in an education, you need to think about the bottom line. And a brand name on your diploma can open doors. Including, potentially, bank vault doors.
Former Port Authority executive David Wildstein admitted he turned state’s evidence in the Bridgegate scandal to avoid prison time. And the alleged mastermind of the traffic scheme got his wish last week, sentenced to probation while others involved in the Fort Lee tie-up mess, such as former Port colleague Bill Baroni and gubernatorial staffer Bridget Anne Kelly, are facing prison sentences.
Our take: Considering how many innocent people were inconvenienced at the George Washington Bridge and how many apparently guilty ones had the book thrown at them, it seems like this “mastermind” saved his best strategy for last.
The same week as Amazon’s extremely — extremely — lucrative Prime Day sales event, another retailer announced store closures. This time, it’s children’s clothing store Gymboree, whose bankruptcy filing spells doom for seven New Jersey locations among more than 350 nationwide. Affected sites include tony locations like the Short Hills and Menlo Park malls.
Our take: The parade of shutdowns is reaching all kinds of retail demographics. Flagging chains like Kmart may feel like bygone relics, but if there’s one truth in parenting, it’s that kids keep growing, and growing kids need new clothes.
Gov. Chris Christie seemed to enjoy his tryout for a sports talk radio job, gabbing away on WFAN for a couple of days in hopes of replacing Mike Francesa. But most headlines about Christie’s audition centered not on sports, but on a verbal sparring match with a listener who mocked him over his ill-timed beach vacation. On the upside, the mixed reviews Christie got overall would be better than his recent gubernatorial approval numbers, right?
“We treat what happened in our city ... with a mix of intrigue and romanticism. Never with the danger and the horror that it really represented of a systemic and constant beatdown of a people.” — Newark Mayor Ras Baraka, talking about the riots that shook the city 50 years ago, and still reverberate there today.