The official formation of a new super PAC founded by Republican operatives Chris Russell and Rick Rosenberg drew a crowd of 300 to the Bell Works Complex in Holmdel. Max Pizarro, PolitickerNJ Read more
file photo by Boyd Loving
Not so fast. That’s the message some New Jersey lawmakers, residents and both conservation and liberal interest groups have for legislators who plan to move forward with a 23-cent wholesale fuel tax hike to pay for road and bridge work. Associated Press Read more
Members of the Bergen County Republican Organization (BCRO) are currently divided on what direction the county party organization should take during next Tuesday’s chairman election. Some back current chairman Bob Yudin while others back his challenger Paul DiGaetano. Things have taken a messy turn between the two sides. Alyana Alfaro, PolitickerNJ Read more
file photo by Boyd Loving
“Borg and Aronsohn are very close politically, with Borg regularly providing political support for or cover to the Mayor (like during the never ending jihad against “incivility”), and bending and shaping news coverage of local events to portray Aronsohn in the best possible light. Plus giving him a recurring column in The Ridgewood News. One wonders if our new mayor will be provided the same platform to expound his or her views and priorities.”
“The Recorg is a rag and I have enjoyed watching it die a slow painful death.
I hope the Borg family lost money on the sale. They damaged my familie’s business back in the early nineties with a politically biased false narrative published in The Record based on the Borg family’s liberal progressive anti business bias. Good ridence…”
“Borg’s sold the Record property, sold the Record, sold out NJ news integrity because of a traffic jam. But they love Ma Weinberg and her crew of Southeast Bergen and Hudson County Democrats. It’s a great day in America.”
“Maybe we can count on some un-biased news coverage under new ownership? It really couldn’t get any worse. The Ridgewood News used to be a decent community newspaper that covered all of the school plays and neighborhood happenings. Recently it’s been a megaphone for union bozos and local political hacks.”
Garrett bills to reduce regulatory burdens and hold government accountable pass Financial Services Committee
June 17,2016
Ridgewood NJ, Rep. Scott Garrett (NJ-05), Chairman of the Financial Services Subcommittee on Capital Markets and Government-Sponsored Enterprises, released the following statement after the House Financial Services Committee passed two bills he introduced; H.R. 5429, the SEC Regulatory Accountability Act and H.R. 4852, the Private Placement Improvement Act of 2016. In addition to Garrett’s bills, the subcommittee passed seven additional bills that Garrett guided through his subcommittee:
“Last month’s abysmal jobs report proves again that top-down, Washington-first economic policies are failing the American people. If we want to revitalize the economy, Congress needs to promote investment and reduce red tape by making it easier for investors and businesses across America to access capital and grow. Today the Financial Services Committee took steps to do that by passing two bills I sponsored and seven more from the Capital Markets subcommittee.
“My bills do two simple things. First, every business and every family does their own version of a cost-benefit analysis when making financial decisions, and the SEC will have to do the same under the SEC Regulatory Accountability Act. Second, the SEC needs to make sure it is implementing the JOBS Act to jumpstart the economy instead of imposing additional restrictions on investment. The Private Placement Improvement Act is designed to fix that problem.”
So far this Congress, 10 bills from Garrett’s subcommittee have been signed into law by President Obama—all with bipartisan support. With the passage of 9 bills today, 39 total bills from the Capital Markets subcommittee have been approved by the full committee this Congress.
Background:
H.R. 5429, the SEC Regulatory Accountability Act
The SEC has a three-part mission, investor protection, orderly markets, and capital formation. To make sure that the SEC is not restricting the flow of capital into our economy, Garrett’s bill would require the SEC to demonstrate that any rules it proposes will help our businesses grow by performing a cost-benefit analysis.
This codifies guidance that President Obama gave to executive branch agencies and will lend credibility to the SEC’s rules. Garrett’s bill ensures that businesses and start-ups have suitable supervision from the SEC and are not burdened by costly overregulation. The SEC Regulatory Accountability Act passed the House in 2013, as H.R. 1062, by a bipartisan vote.
H.R. 4852, the Private Placement Improvement Act
The SEC has the responsibility of implementing the innovative laws Congress passed in the JOBS Act and continues to have oversight of the private offering market for securities. However, the SEC was a year and a half late in making rules for general solicitation of private offerings under Title II of the JOBS Act, and continued a poor streak when, in 2013, it came out with new proposals to impede the private offering market.
The proposals would have hindered all Reg. D issues and not just those using general solicitation. The threat of expensive regulation hanging over the heads of investors has meant that the amount of capital raised under Reg. D has not grown in the manner that other areas of the market helped by the JOBS Act have. Garrett’s bill makes a single notice of sales sufficient for exemption from regulation under Reg. D and helps the JOBS Act reach its full potential by maintaining a clear and common-sense approach to regulations for private offerings.
New Jersey’s public infrastructure is in terrible shape, and deserves only a D+ for its overall condition, funding and safety, according to a study released Thursday by a national association of engineers. The study, structured like a student’s report card, gives the state low grades for every type of publicly funded system, from roads and drinking water to dams and hazardous waste. Christopher Maag, The Record Read more
Lesniak Drops Millionaire’s Tax Proposal into TTF Debate
In an effort to offset the revenue lost to the phase out of the estate tax that is part of the plan to renew the Transportation Trust Fund (TTF), Senator Raymond Lesniak (D-20) today introduced legislation to impose a millionaires tax that was in place until 2001. Max Pizarro, PolitickerNJ Read more
The Auditor always loves a good fact-check, so when Gov. Chris Christie took aim at 2017 candidate for governor Phil Murphy over pensions, it was clear that merriment would soon abound. The Auditor, NJ.com Read more
photo by Boyd Loving
June 16,2016
the staff of the Ridgewood blog
Ridgewood NJ, Gannett is adding to its stable of New Jersey papers by snapping up The Record , the Ridgewood News and some other weekly papers now owned by the North Jersey Media Group according to Media Ink.
According to insiders at the paper the announcement came as a shock to the Record newsroom and its already beleaguered staffers.
The 121-year-old paper long known as the Bergen Record is the second-largest daily paper in the state behind the Star-Ledger in Newark, which is owned by the Newhouse family. Gannett, the nation’s No. 1 newspaper publisher, also owns the Asbury Park Press and five other New Jersey papers.The Record seemed tired in recent years and after decades of playing a major role in setting the news agenda in New Jersey with its far left pro union slant .
While it bashed Governor Christie and harped on the tedious “Bridgegate” scandal it may have derailed presidential ambitions of New Jersey’s Gov. Chris Christie but circulation plunged , reporting lagged and the overtly biased coverage drove away advertisers .
The Record was purchased by the Borg family in 1930. Malcolm Borg is chairman, while son Stephen Borg — leader of the fourth generation of the family in control of the paper . Insiders say Stephen’s tenure at the helm has been a disaster.
It’s not likely to gain much traction, but boosting the state sales tax could go a long way to easing the Transportation Trust Fund crisis. Andrew Sidamon-Eristoff, NJSpotlight Read more
As New Jersey’s government workforce shrinks, some of the highest-paid insiders are reaping the windfall of hundreds of millions of dollars in new-found overtime, an Asbury Park Press investigation found. Bob Jordan and Paul D’Ambrosio, Asbury Park Press Read more
A state environmental cleanup program may have to start work or stop paying its employees.The results of an Office of Legislative Services audit of the New Jersey Department of Environmental Protection were released Monday, showing that the NJDEP is five years behind on a deadline for ranking toxic sites in the state to establish which sites to clean up first. NJDEP employees, that report said, continued to be paid salaries from a fund intended to finance clean-up efforts that never began. JT Aregood, PolitickerNJ Read more
Ridgewood NJ, Rep. Scott Garrett (NJ-05) released the following statement in response toreports that Boeing has reached a multibillion-dollar deal to sell commercial passenger planes to Iran. Boeing is one of the largest beneficiaries of the Export-Import (Ex-Im) bank which perpetuates corporate welfare to mega corporations by handing out taxpayer-backed loans.
“This agreement between Boeing and the world’s largest state sponsor of terrorism is extremely troubling and shows that crony capitalism remains alive and well in Washington. Not only has Boeing lobbied for years to keep the taxpayer-backed Export Import bank alive, it now has also used its powerful position to take advantage of the ill-conceived nuclear deal with Iran. This agreement is bad news, not just for taxpayers but for our national security.”
Boeing was lobbying Congress to keep their Ex-Im bank subsidies at the same time it was seeking carve outs from the Obama Administration to do more business with the dangerous Iranian regime. Garrett has been an outspoken critic of the Ex-Im bank and the Iran nuclear deal.
the staff of the Ridgewood blog
Ridgewood Nj, New Jersey Assemblymen Tim Eustace continues his over the top grandstanding against Congressmen Scott Garrett. Eustace has been making the rounds protesting Garrett’s “alleged” and I repeat “alleged” remarks and organizing media events like protesting Fidelity investments on Route 17 in Paramus over donations to the Garrett campaign . Unbeknownst to Eustace and much of the New Jersey media a small mutual fund office in Paramus does not control corporate policy for Mutual Fund giant Fidelity’s corporate donation policy .
Assemblyman Tim Eustace told PolitickerNJ that the congressman’s statements “ridiculous.” According to Eustace, one of New Jersey’s only openly gay assemblypeople, Garrett’s stance on the LGBT community (he allegedly made statements last year that he wouldn’t support the Republican Party’s fundraising arm because of support for gay candidates) and his NRA backing make his statements “hypocritical.”
Eustace then jumped the shark by saying ,“I thought it was ridiculous,” Eustace told PolitickerNJ. “Here is a man who doesn’t even believe LGBT people deserve equal citizenship, that we have the right to run for office. Here is somebody who is fully invested by the NRA. These congressmen are the reason assault weapons are on the streets. He comes out in support of them but didn’t actually mention LGBT people at all.”
LGBT people deserve equal citizenship, really Tim ? According to Eustace and people like him Republicans present a far greater threat then Islamic Jihad ? Humm tell that to the people in the WTC on 9/11 or thats right they are dead .
Eustace like many seemed shocked that the terror group ISIS would target the gay community ,apparently Tim has missed the memo that ISIS like all Islamic Jihadist groups are sworn to kill gays and enslave women as well as eliminate all western style freedoms .
To make this clear because so many seem in denial ,Sharia law mandates that homosexuals be killed and is not from ISIS or al-Qaeda. It is from sharia which is based on Muslim scripture.
While other gay groups have quickly learned that they are not safe under the current administration and have begun arming themselves like Pink Pistols or changing there support for Donald Trump who has like many sounded the alarm continuously for years ,Eustace and his band of media hounds continues to misrepresent their cause and place themselves and others in grave danger.
Just one week remains until members of the Bergen County Republican Organization (BCRO) will decide if current chairman Bob Yudin will remain in his post or if his challenger former Assemblyman Paul DiGaetano will usurp the chairman’s spot. OnJune 21, members of the organization will gather to vote in the bi-annual reorganization. Alyana Alfaro, PolitickerNJ Read more
