Ridgewood Chamber of Commerce Welcomes New Business to Ridgewood
GRAND OPENINGS IN RIDGEWOOD
the town is filled with great businesses to visit…
PLEASE WELCOME
Grand Opening Party
Anik-Ridgewood
119 E. Ridgewood Ave.
Saturday, October 18, 2014, 6-9pm
6:00pm ribbon cutting
***
Grand Re-opening
Super Cellars
32 South Broad Street
Saturday, November 1, 2014 @ 3:00pm
ribbon cutting at 3:00pm
Super Cellars has doubled in size!
***
GRAND OPENING
PINOT’S PALETTE
25 Oak Street
Saturday, November 1, 2014 @ 4:00pm
ribbon cutting at 4:00pm
*****
Grand Re-Opening-new location
The Couture Baby
new location 66 E. Ridgewood Ave.
Ribbon Cutting at 12Noon
bigger and better than ever!
Congressmen Scott Garrett points out ,” Really disappointing news. It’s time to do away with the stale, failed ideas of the past. We must unleash our economy and help get our people back to work. The House has passed more than 40 jobs bills that are#StuckInTheSenate; it’s time for the Senate to take action.”
N.J.’s long-term unemployed rate worse than 48 states By Erin O’Neill | NJ Advance Media for NJ.com Email the author | Follow on Twitter on October 15, 2014 at 6:50 AM, updated October 15, 2014 at 7:41 AM
Nearly half of jobless residents in New Jersey have been out of work for more than six months, according to a new report, a level that ranks the state among the worst in the country.
The brief released today by New Jersey Policy Perspective notes the “long-term unemployment crisis is a national problem” but found every other state except Florida fared better than New Jersey. Also, while the share of long-term unemployed in New Jersey has fallen from its peak in 2010, the brief found that drop has not been as sharp as it has nationally.
“We’re in a much deeper pickle than most of the rest of the country,” said Gordon MacInnes, president of New Jersey Policy Perspective, a liberal-leaning think tank. “The reason for that is pretty plain: we haven’t produced enough jobs for people who are unemployed over a long period of time to fill.”
The report, which relies on analysis of federal labor data by the Economic Policy Institute, shows that 46.3 percent of the state’s jobless residents were unemployed for more than six months as of March 2014, compared to the state’s peak of 51.4 percent in December 2010. Those values represent 12-month moving averages.
On the national level, the share of long-term unemployed peaked at nearly 44 percent of all jobless residents in November 2011 and has since dropped to roughly 37 percent.
Only Florida had a larger share of long-term unemployed among the states in March at 46.5 percent.
How Awesome Would the U.S. Economy Be If It Were Set Free from Massive Government Regulations?
IImagine if the U.S.’s economy had grown an extra 1% every year since 1949 as a result from less strangulating federal regulation.
This is the thesis for a recent Forbes article by Rich Karlgaard, the magazine’s publisher and head writer. Using the concept of compound interest, along with an assertion that runaway federal tinkering and silly regulations have had a massive impact on the country’s economic growth over the decades, he gives a handful of answers to the question:
“Where would the U.S. economy be today without massive federal regulation?”
Here’s what he came up with:
The 2014 GDP would be $32 trillion, not $17 trillion. Per capita income would be $101,000, not $54,000. Per capita wealth would be $480,000, not $260,000. It would probably be higher than that, since savings rates might be higher. The U.S. would have no federal, state or municipal debts or deficits. Pensions would be solid. So would Social Security. The trend of new entrants to The Forbes 400 would not favor entrepreneurs in software, the Internet and financial services but would be more broadly distributed across all industries. Electronic bits–money and software–are less prone to regulation than such physical things as factories, transportation, etc. Faster, quieter successors to the supersonic Concorde? Cheap, safe nuclear power? Cancer-curing drugs for small populations? Bullet trains financed by private investors? Yes! The U.S. would have the resources to fight the multiplicity of threats from abroad, from ISIS to hackers.
His conclusion is that when considering political leaders, those that are committed to less government interference should be preferred.
Furthermore, he wisely points out that it’s not a partisan idea, stating that Kennedy, Reagan, and Clinton are examples of these types of leaders, whereas Truman, George W. Bush, and Obama are examples of precisely the opposite.
Why welfare, minimum wage make it harder for poor Americans to succeed
By John Stossel
Published October 08, 2014 FoxNews.com
Fifty years ago, President Lyndon Johnson declared “War on Poverty.” It sounded great to me.
I was taught at Princeton, “We’re a rich country. All we have to do is tax the rich, and then use that money to create programs that will lift the poor out of poverty.” Government created job-training programs for the strong and expanded social security for the weak.
It seemed to work. The poverty rate dropped from 17 percent to 12 percent in the programs’ first decade. Unfortunately, few people noticed that during the half-decade before the “War,” the rate dropped from 22 percent to 17 percent. Without big government, Americans were already lifting themselves out of poverty!
ArtChick(the Rocky Steps) of ArtChick Photography who also moved from North Jersey to Philly 4 years ago
N.J. firm moving to Philly
September 22, 2014 Last updated: Monday, September 22, 2014, 1:32 PM
The Record
The Associated Press
MARLTON, N.J. – A southern New Jersey firm that manages construction projects around the world is planning to move its headquarters to Philadelphia in the latest move in a battle between New Jersey and Pennsylvania for businesses.
Pennsylvania Gov. Tom Corbett announced the move of Hill International Inc., on Monday.
He says the company will move 222 jobs to the city over the next three years and has approval for $1.8 million in grants and tax credits
In a statement, Hill President and CEO David Richter says the company was looking to consolidate its operations.
Rutgers report: devastating impact of long term joblessness
SEPTEMBER 22, 2014 LAST UPDATED: MONDAY, SEPTEMBER 22, 2014, 1:21 AM BY HUGH R. MORLEY STAFF WRITER THE RECORD
* Research finds that many who have been unemployed describe “devastated” lives
A Rutgers University study released today provides a grim, detailed picture of the severe impact that long-term unemployment continues to have on the lives of millions of Americans more than five years after the end of the Great Recession.
About one-third of the long-term unemployed workers — six months or more — in the study, based on surveys of unemployed and employed Americans across the nation, said they had been “devastated” and suffered a permanent change in their lifestyle by their jobless experience. The study, titled “Left behind: The long-term unemployed struggle in an improving economy,” found that one in five workers laid off in the last five years are still unemployed. And it showed how far long-term jobless workers slip compared with employed workers.
Fifty-one percent of long-term jobless workers said they had a lot less income and savings than they did five years ago, while only 23 percent of employed workers said they had suffered similar economic damage, the study found.
Sixty-one percent of the long-term unemployed said they did not expect their finances to improve in the next five years, the study found. That was about 11 percentage points higher than the assessment by employed workers of their finances over the next five years.
“While the worst effects of the Great Recession are over for most Americans, the brutal realities of diminished living standards endure for the 3 million American workers who remain jobless years after they were laid off,” said Professor Carl Van Horn, director of the Heldrich Center at Rutgers University, who co-directed the study. “These long-term unemployed workers have been left behind to fend for themselves as they struggle to pull their lives back together.”
Census data show poverty up, incomes down as NJ economic recovery lags
SEPTEMBER 18, 2014 LAST UPDATED: THURSDAY, SEPTEMBER 18, 2014, 12:48 AM BY KATHLEEN LYNN AND DAVE SHEINGOLD STAFF WRITERS
Despite a growing national economy, New Jersey’s weak job market led to lower incomes and a higher poverty rate in the state last year, the Census Bureau said Wednesday. Bergen and Passaic counties were hit especially hard.
Wide disparities
Households in North Jersey generally lost ground financially in 2013, while those in and around New York City fared better.
Median household incomes:
New Jersey
Bergen County: down 2.7 percent
Passaic County: down 1.7 percent
Hudson County: down 3.9 percent
Morris County: up 3.6 percent
New York
Manhattan: up 6 percent
Brooklyn: up 3.6 percent
Staten Island: down 3.3 percent
Nassau: up 1.7 percent
Westchester County: up 7.4 percent
The recession ended in 2009, but a wide range of census measures showed New Jersey was still feeling its effects in 2013. Food stamp use rose; the homeownership rate dropped. Families were more likely to delay having children or decide against paying private-school tuition.
Although one year’s census figures do not indicate a trend, New Jersey’s numbers have generally been tracking in the same direction since the recession. Offering some hope for a better 2014 in New Jersey, experts say a recent drop in unemployment, as well as a higher minimum wage, could mean that incomes have started to rise, and poverty rates to fall, this year.
But in 2013, median household incomes in New Jersey, adjusted for inflation, dropped by 0.7 percent, to an estimated $70,165, mirroring similar declines in surrounding states. New Jersey incomes, after inflation, have dropped 9 percent since 2000, and 6.8 percent from 2007, right before the recession hit.
Nationally, household incomes were essentially flat last year, at about $52,000.
Deborah Porterfield, Special for USA Today12:08 p.m. EDT September 16, 2014
The hammock looks inviting but your lawn needs to be mowed. A Robomow robotic mower provides a tempting solution. Powered by a rechargeable battery, the mower trims your lawn while you nap in the sun. Before you can put the mower to work, you’ll have to set up the mowing perimeters with the included perimeter wire and plastic pegs. This lets the mower know where to mow and — more important — where not to mow. When the mower senses an obstacle, the blades will stop moving and the mower will change course. Forgetful? You can set the mower to do its job at preset times and days. The RC306, a mower that can handle a 6,500-square-foot lawn, costs about $1,100. The RM200, a basic model that can handle a 2,200-square foot lawn, costs about $800. Other models are available.www.robomow.com
Vacuum and mop at the same time
Should you sweep or mop? You can set up Moneual’s Hybrid Robot Vacuum Cleaner to do both. Using the remote control, you can direct the RYDIS H68 Pro to vacuum a room’s floor and then have it scrub the floor with water and cleanser placed in its tank. The sparkling results will make your home ready for drop-in guests. The robotic cleaner also can vacuum without mopping and vice versa. Either way, its smart vision mapping sensors can track down — and clean — dirty areas that are often overlooked. It costs about $500.
Start-up companies are the reason America’s economy is more innovative, prosperous and dynamic than the economies of other industrialized countries around the world.
New companies create roughly 3 million jobs every year, while existing companies tend to shed 1 million jobs. It is no secret why a healthy entrepreneurial culture is important.
Think of it this way: Roughly 1 in 10 U.S. companies are founded each year, and these young firms create 100 percent of all net new jobs. Even in gross terms, start-ups punch above their weight, with 16 percent of all new jobs created by start-ups. Older firms create fewer jobs per firm, but, on average, cut even more, for a net negative impact.
While start-ups have always played an important role in the U.S. economy, the extent to which they drive job creation was, until recently, under appreciated.
However, thanks to new data from the federal government, we are able to identify job creation across all firms according to their date of “birth.” Yet, as important as this insight is, the data, which only goes back as far as 1977, also shows an alarming downward trend: America’s entrepreneurship rate is declining.
START-UP JOBS AS A PERCENTAGE OF TOTAL PRIVATE-SECTOR EMPLOYMENT
During the Carter administration, 14 percent of U.S. companies were start-ups.
That rate declined by one percentage point during the Reagan years, two points during the recession of the George H.W. Bush presidency, held steady under Bill Clinton, dropped a percentage point under George W. Bush, and then dropped two full points during the first term of President Obama.
We can only speculate why entrepreneurship is declining, but it seems that America’s economic culture is trending toward the European model.
In Europe, as well as Japan, large corporations are the norm, as are ample welfare programs and an erosion of familial bonds.
America’s history of entrepreneurship is strongly rooted in a culture of hard work and self-reliance. Unfortunately, bureaucratic regulations are growing at the same time start-ups are declining. Coincidence?
Record 92,269,000 Not in Labor Force; Participation Rate Matches 36-Year Low
September 5, 2014 – 9:07 AM
By Ali Meyer
(CNSNews.com) – A record 92,269,000 Americans 16 and older did not participate in the labor force in August, as the labor force participation rate matched a 36-year low of 62.8 percent, according to the Bureau of Labor Statistics.
The labor force participation rate has been as low as 62.8 percent in six of the last twelve months, but prior to last October had not fallen that low since 1978.
BLS employment statistics are based on the civilian noninstitutional population, which consists of all people 16 or older who were not in the military or an institution such as a prison, mental hospital or nursing home.
In August, the civilian noninstitutional population was 248,229,000 according to BLS. Of that 248,229,000, 155,959,000—or 62.8 percent–participated in the labor force, meaning they either had or job or had actively sought one in the last four weeks.
Washington, DC – (9/5/14) – Generation Opportunity, a national, non-partisan youth advocacy organization, is announcing its Millennial Jobs Report for August 2014. The data is non-seasonally adjusted (NSA) and is specific to 18-29 year olds:
The effective (U-6) unemployment rate for 18-29 year olds, which adjusts for labor force participation by including those who have given up looking for work, is 15 percent (NSA). The (U-3) unemployment rate for 18-29 year olds is 10.1 percent (NSA).
The declining labor force participation rate has created an additional 1.946 million young adults that are not counted as “unemployed” by the U.S. Department of Labor because they are not in the labor force, meaning that those young people have given up looking for work due to the lack of jobs.
The effective (U-6) unemployment rate for 18-29 year old African-Americans is 22.4 percent (NSA); the (U-3) unemployment rate is 19.6 percent (NSA).
The effective (U-6) unemployment rate for 18-29 year old Hispanics is 15.8 percent (NSA); the (U-3) unemployment rate is 10.6 percent (NSA).
The effective (U-6) unemployment rate for 18-29 year old women is 12.8 percent (NSA); the (U-3) unemployment rate is 9.9 percent (NSA).
Patrice Lee, Director of Outreach at Generation Opportunity, issued the following statement:
“15% of young people are still out of work and it’s no secret why- government is too big, spending levels are too high, and opportunities for us are limited.
“As we continue to work hard to create opportunities, politicians in Washington continue to impose policies that harm us.
“More than ever, we need to work to elect officials that will fight for the interests of my generation and not continue the policies of generational theft that have prevailed under the current administration.”
School Crossing Guard Positions Available – Contact Ridgewood Police Dept.
The Ridgewood Police Department is accepting applications for School Crossing Guard Positions. Applications are Available at the Police Desk located at 131 North Maple Avenue Ridgewood NJ. P/T position, 10 hours per week (2 hours per day) starting at $17.49/hr. Send application to Police Chief John Ward, Ridgewood Police Dept, 131 N. Maple Ave., Ridgewood, NJ 07450 or return the application to the Police Records Room. The Village of Ridgewood is an EOE and civil service community. 201/652-3900
The new face of retirement: Many Americans find second career after calling the first one quits
SEPTEMBER 2, 2014 LAST UPDATED: TUESDAY, SEPTEMBER 2, 2014, 7:11 AM BY JONNELLE MARTE BLOOMBERG NEWS THE RECORD
MIAMI — For Richard Tiberius, retirement didn’t arrive from one day to the next.
As it does for many Americans today, the milestone came in phases. The first phase began two years ago when he went part time in his role as the director of the educational development office for the medical school at the University of Miami and his $120,000 salary dropped to about $70,000. He was hoping to free up more time to paint, a second career of sorts that had been boxed into nights and weekends.
Tiberius, now 73, figured that with his wife’s income, his Social Security benefits and the pension from his time as a researcher in Toronto, he could afford to spend more time in the studio at his Coconut Grove home. But he wasn’t ready to quit the university.
“When you’re cultivating something, growing something — whether it’s a business, painting or academic work — it’s hard to leave it,” Tiberius said.
Roughly half — 47 percent — of retirees say they are working or plan to work during retirement, according to a study released earlier this year by Bank of America Merrill Lynch and Age Wave, a research firm. And the motivation isn’t always financial: As advances in health care make it possible for people to live longer — and healthier — lives, the idea of a part-time or flexible job appeals to people looking to keep busy. It’s an added bonus if the job pays enough to keep them from tapping into their savings.
‘US manufacturing has been lost. Now it’s happening to TV’
From Game of Thrones to Modern Family, more US TV series are being filmed outside America than ever before, says John Hiscock
Hollywood’s big-budget blockbuster movies have often been filmed overseas, particularly in England because of the tax incentives offered. Now television is following suit and more US series than ever before are filming outside North America. Why?
US TV networks are increasingly drawn by accommodating tax breaks, the easy availability of professional crews and the novelty of fresh scenery and different landscapes. This combination has greatly increased the attraction of shooting their shows overseas.
Smaller nations such as Sri Lanka have begun offering tax incentives, and others such as New Zealand have improved their own production infrastructures to make them state-of-the-art. Iceland recently lured the HBO series Game of Thrones as well as the feature films Noah and Prometheus.
In Japan, government and film industry officials are considering an incentive programme that would bring them in line with the more than 30 foreign countries trying to lure US TV series.
Even shows which are specifically set in California, such as the Fox TV series Alcatraz, have gone abroad. Alcatraz, whose story begins in the infamous prison in the San Franciso Bay, is in fact filmed in Vancouver, where now-cancelled series such as The X-Files were filmed in the past.
Democrats are running out of time for an economic savior.
They have long predicted that an economic turnaround would be the elixir that helps them retain control of the Senate in November.
But with just a handful of big economic reports left before Election Day, the economic picture is largely in place. And while the outlook is bright, voters continue to hold a dim view of their own financial prospects.
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“There are still a lot of families playing catch-up,” said Jared Bernstein at the Center for Budget and Policy Priorities. “It’s got to be awfully hard for the typical voter to figure out what Congress had done to help the economy move forward. It’s a lot easier to figure out what they’ve done to screw things up.”
Broadly speaking, the economy has made gains in the last several months. The unemployment rate has held steady or dropped every month for over a year, and new data shows the economy grew this spring at its fastest rate in more than 12 months.
But the good news isn’t resonating with the public.
A Wall Street Journal/NBC News poll released earlier this month found 71 percent of people blamed Washington for the economy’s woes, and dissatisfaction mainly fell on incumbents overall, rather than on a particular party.
That poll found roughly half of voters believe the economy is still in a recession, even though the economic decline ended in June 2009.
Similarly, Gallup’s index of economic confidence has remained unchanged for all of 2014. People are actually less confident about the economy now than they were in January, when the unemployment rate was nearly half a percentage point higher.
With just two months to go before the midterm elections, there are just a handful of major economic indicators due before ballots are cast, including a pair of jobs reports.
With so little time left, it appears increasingly unlikely that views will change enough to boost the chances of Democrats, who are trying to escape the gravity of President Obama’s flagging poll numbers.
Some researchers argue the economic recovery has not been felt widely, with the majority of the gains going to people on the top of the income scale.
