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Pricey N.J. college gets stung by credit agency junk rating

By Adam Clark | NJ Advance Media for NJ.com
on March 20, 2017 at 2:13 PM, updated March 20, 2017 at 4:30 PM

MADISON — New Jersey’s second-most expensive college has been losing money and faces a difficult path to regaining financial stability, according to a Wall Street credit rating agency.

Moody’s Investors Service on Friday downgraded Drew […]

By |March 21st, 2017|business and finance|1 Comment

Big Bird Is Rich, So Why Does He Need Taxpayer Money?

As night follows day, defenders of big government trotted out “Sesame Street’s” Big Bird as the poster child of President Trump’s terrible spending cuts.

The Daily Beast story on Trump’s budget proposal to cut taxpayer funding to the Corporation for Public Broadcasting features an ax-wielding man about to chop Big Bird’s head off. Politico has a […]

By |March 19th, 2017|business and finance|0 Comments

New Jersey Native Nominated to take the Helm of the Commodity Futures Trading Commission

March 16,2017

the staff of the Ridgewood blog

Washington DC, President Donald Trump this week nominated New Jersey native J. Christopher Giancarlo to serve as chairman of the Commodity Futures Trading Commission .The commission regulates the derivatives market, a part of Wall Street that has been criticized for helping spur the financial crisis of 2008.

Giancarlo, who grew […]

By |March 16th, 2017|business and finance|0 Comments

N.J. experiences largest private sector job growth in 16 years

“We’re actually now over-performing the rest of the country, and I would suggest to you that the reason that there is that lag is because New Jersey is still a very expensive place to work and do business, and if the legislature had been willing to do other tax cuts and other measures that I […]

By |March 15th, 2017|business and finance|4 Comments

Meet the Snake Who Killed Hundreds of N.J. Jobs

POSTED BY: MATT ROONEY MARCH 10, 2017

The facts speak for themselves once you get past the hysteria.

Do your homework: Each Wal-Mart superstore can employee several hundred (or more) employees, Save Jerseyans, depending upon its size. These stores provide employment opportunities and affordable goods particularly in areas where the population is struggling and/or lacks sufficient levels […]

By |March 11th, 2017|business and finance|4 Comments

Lt. Governor Kim Guadagno Celebrates Tourism Successes and Improved Revenues

photo by ArtChick

March 10,2017
the staff of the Ridgewood blog

Trenton, NJ ,Lt. Governor Kim Guadagno today attended the New Jersey Conference on Tourism to discuss the New Jersey Tourism Industry’s diverse attractions for all seasons and the improvements the industry has made over the last year.

New Jersey again set a record in 2016, with the tourism […]

By |March 10th, 2017|business and finance|0 Comments

39.1%: CBO Says U.S. Has Highest Top Statutory Corporate Tax Rate in G20

By Terence P. Jeffrey | March 9, 2017 | 9:36 AM EST

(CNSNews.com) – The United States has the highest top statutory corporate tax rate—39.1%–of any nation in the G20, according to a study released Wednesday by the Congressional Budget Office.

That rate is nearly twice as high as the 20-percent rate in Russia, which, along with […]

By |March 10th, 2017|business and finance|3 Comments

N.J. lawmakers want to block this airline from flying out of Newark Airport

By Jonathan D. Salant | NJ Advance Media for NJ.com
on March 08, 2017 at 1:23 PM, updated March 08, 2017 at 4:43 PM

WASHINGTON — Emirates Airline, owned by the United Arab Emirates, is about to launch flights between Newark Liberty International Airport and Athens.

Members of the New Jersey and New York congressional delegations want to […]

By |March 9th, 2017|business and finance|3 Comments

Investors bet Trump-fueled tech rally far from over

photo Louis Rukeyser

By Noel Randewich | SAN FRANCISCO

Technology companies have been a driving force behind the U.S. stock market’s recent record rally, and despite mounting evidence of stretched valuations the sector remains a top pick for investors expecting a wave of capital expenditures by U.S. corporations.

Corporate tax cuts and reduced regulations planned by President Donald […]

By |March 5th, 2017|business and finance|0 Comments

NY Teamsters’ Pension Fund Goes Belly Up Disgruntled members call for audit to ensure against ‘foul-play’

BY: Bill McMorris
March 1, 2017 3:50 pm

A New York labor union has exhausted its pension fund, leaving thousands of retirees at risk and sparking calls for a forensic audit.

Teamsters Local 707, which represents 4,000 retirees out of Long Island, became the first of several embattled Teamster locals funds to fully exhaust its money. The union […]

By |March 2nd, 2017|business and finance|2 Comments