Posted on Leave a comment

Public Interest Wanes After Third Manufactured Crisis…

obama3-37262726107_xlarge

Public Interest Wanes After Third Manufactured Crisis…
President Obama Faces ‘Cliff Fatigue’ in Latest Budget Fight
ANALYSIS By RICK KLEIN

Hundreds of thousands of jobs are at risk. Delays await at airports. Padlocks are ready at national parks.

The nation will suffer greater risk of wildfires, workplace deaths, and even surprise weather events, if government predictions are to be believed. Our entire military readiness and superiority are at risk.

What if nobody cares?

President Obama sure does. He’s making the case, aggressively and comprehensively, that the automatic spending cuts set to go into effect at the end of the month will have a devastating impact, both on the economy and on essential government services.

“They will slow our economy. They will eliminate good jobs. They will leave many families who are already stretched to the limit scrambling to figure out what to do,” the president said Saturday in his weekly radio address.

But there are few signs to suggest the public is listening. A poll out late last week found that barely one in four Americans said they’d heard much about the automatic spending cuts — known unhelpfully for public-comprehension purposes as “sequestration” — and four in 10 said they were comfortable with the cuts going into effect.

“Here’s yet another deadline, and everyone’s telling us everything will be destroyed if we go past it,” said Michael Dimock, director of the Pew Research Center for the People and the Press, which conducted the poll. “It’s very hard to get the same sense of urgency for a third time in a row, just two months after the last one.”

https://abcnews.go.com/blogs/politics/2013/02/president-obama-faces-cliff-fatigue-in-latest-budget-fight/

Posted on Leave a comment

Why in the World Are We All Keynesians Again? The Flimsy Case for Stimulus Spending

images

Why in the World Are We All Keynesians Again? The Flimsy Case for Stimulus Spending
By Andrew T. Young
February 14, 2013

The U.S. federal government responded to the financial crisis and recession that began in 2007–08 with unprecedented fiscal stimulus. Passed in February of 2009, the American Recovery and Reinvestment Act (ARRA) came with a price tag of $831 billion. Yet the economy has not returned to a path of robust economic growth and unemployment has stubbornly remained high; only in September of 2012 did it dip (barely) below 8 percent. This has not stopped the Obama administration from pushing for further fiscal stimulus.

Whether or not fiscal spending stimulus is effective hinges critically on the size of the spending multiplier, which is dependent on several factors. In particular, if individuals anticipate the future tax liabilities associated with deficit spending and/or are “crowded out” by the deficit spending, then the multiplier is likely to be less than one; that is, each dollar of stimulus increases total spending in the economy by less than one dollar. Ultimately, whether the government spending multiplier is less than or greater than one is an empirical question.

While no one seriously debates the long-run costs associated with exploding public debt, the evidence suggesting significant short-run benefits of stimulus spending is weak. Studies suggesting that stimulus spending is effective assume that current economic activity does not affect fiscal policy. This assumption is questionable and, most important, the studies’ results are very sensitive to it.

https://www.cato.org/publications/policy-analysis/why-world-are-we-all-keynesians-again-flimsy-case-stimulus-spending

Posted on Leave a comment

Ridgewood Open Houses Sunday February 24

realestate_forsale_theridgewoodblog.net_1

Ridgewood Open Houses Sunday February 24
February 23, 2013 By Michael Shetler

Open Houses
Open Houses in Ridgewood, NJ
Starts: 02/24/2013 01:00 pm
Duration: 3 hours:
Ridgewood, NJ
07450

Michael Shetler is a local resident and NJAR Circle of Excellence recipient (2009, 2011) who is happy to serve you in this area. For more information about any of these local homes for sale please call Michael at 201.421.0506 cell or 201.445.4300 office.

Address     List Price     Bedrooms     List Broker
1     610 ROBERT ST     $450,000     4     WEICHERT REALTORS RIDGEWOOD
2     315 WALTHERY AVE     $459,900     2     COLDWELL BANKER, RIDGEWOOD
3     149 BERGEN CT     $525,000     3     WEICHERT REALTORS RIDGEWOOD
4     490 VAN EMBURGH AVE     $534,900     3     WEICHERT REALTORS RIDGEWOOD
5     314 LIBBY AVE     $580,000     3     KELLER WILLIAMS VILLAGE SQUARE REALTY
6     528 W SADDLE RIVER RD     $629,000     4     COLDWELL BANKER, RIDGEWOOD
7     566 LINWOOD AVE     $629,000     3     REAL LIVING GATEWAY REALTORS-RIDGEWOOD
8     35 BRYDEN PL     $680,000     5     KELLER WILLIAMS VILLAGE SQUARE REALTY
9     687 WALL ST     $700,000     4     KELLER WILLIAMS VILLAGE SQUARE REALTY
1     42 ETHELBERT PL     $749,000     4     TERRIE O’CONNOR REALTORS/RIDGEWOOD
11     695 WALL ST     $749,900     4     REALMART REALTY, LLC
12     235 DEMAREST ST     $859,000     4     COLDWELL BANKER, RIDGEWOOD
13     324 BEECHWOOD RD     $979,000     4     TARVIN REALTORS
14     330 BEDFORD RD     $2,399,000     5     KELLER WILLIAMS VILLAGE SQUARE REALTY

https://ridgewood-nj-real-estate.com/

Posted on 1 Comment

Why is Wal-Mart worried? Payroll tax could cut consumer spending

Obama_progress_theridgewoodblog.net_1

Why is Wal-Mart worried? Payroll tax could cut consumer spending.

Recent reports forecast lower spending for this year, anticipating that the restored payroll tax will impact consumers’ wallets, especially low-income earners. Wal-Mart is adjusting its strategy.

By Husna Haq, Correspondent / February 22, 2013

Retailers are preparing for a triple whammy as the restoration of the payroll tax, surging gas prices, and stagnant employment and wages take a bite out of consumers’ disposable income, leaving them with less cash to spend on clothing, groceries, and eating out.

As a result, more than three years after the recession officially ended, American consumers might be preparing to downshift again, if only slightly, with low-income consumers hit the hardest. Sensing consumer trepidation, retailers are scrambling to adjust.

Retailers, restaurants, and consumer goods companies like Wal-Mart are lowering sales forecasts and adjusting marketing campaigns ahead of expectations that consumers will slash spending, the Wall Street Journal reports.

https://www.csmonitor.com/Business/2013/0222/Why-is-Wal-Mart-worried-Payroll-tax-could-cut-consumer-spending?nav=87-frontpage-entryLeadStory

Posted on Leave a comment

Readers Debate Urbanization and Multi Family Developments

Clock_Ridgewood_theridgewopodblog.net_

Readers Debate Urbanization and Multi Family Developments

“How much longer will it take to get through town?!? How much more air pollution will come from all the extra cars idling at lights waiting to make turns? How much more in taxes will everyone have to pay for these developments for all the extra services required? How many more pounds of trash will each of these housing developments generate?

“The apartments will certainly generate more in taxes than they require in services. Is quite comical to see all of these new residents complain about ‘extra cars’ when they are driving their monster SUVs around, blocking the roads daily in front of Ridge and Willard, while IDLING their motors. Its ok for you newbies to soak the empty nester’s tax money for your astronomical school budgets, but god forbid a multi-generation businessman decides to improve his property. You people are nothing but a bunch of hypocritical limousine liberals.

“I think Ridgewood is already overbuilt. We should go back to the good old days when Ridgewood was a classy , gentele hamlet. Accordingly, I propose that every structure built in town since 1900 should be razed to the ground. We would have far less congestion, far fewer students in the school system, no more bloated bureaucracy in Village Hall and things would be just picture perfect again.

“I have a question for anyone who can answer it. If these housing units are built as proposed how many will be Mt. Laurel housing? ( low income ) The village bought the farm on hillcrest to prevent development there because of low income requirements, the cost of paying another municipality to have your low income housing has skyrocketed. Is this another cost the tax payer is going to get strapped with? Is there anything in the developers proposal that deals with this.


Posted on Leave a comment

Wyckoff-based Sandy charity accused of misusing donations

images

Wyckoff-based Sandy charity accused of misusing donations
Thursday, February 21, 2013    Last updated: Thursday February 21, 2013, 7:28 PM
BY  ABBOTT KOLOFF
STAFF WRITER
The Record

State officials moved on Thursday to halt the operation of a purported charity based in Wyckoff that claimed to benefit victims of superstorm Sandy, saying the people running it misused donations and lied about their charitable status.

The state Division of Consumer Affairs filed a lawsuit in superior court in Hackensack, alleging that the charity, the Hurricane Sandy Relief Foundation, collected $631,000 in donations but has given out only a small fraction of that sum to aid Sandy victims.

Instead, the two people who operate it transferred some of the money to their own bank accounts and used it to pay personal expenses, including heating oil for their home, State Attorney General Jeffrey Chiesa said in a statement. They also used some of the money to pay their credit card bills, to purchase items from the online Apple Store and to buy dinner at a Spanish restaurant in Newark, Chiesa said.

The charity’s operators, John Sandberg and Christina Terraccino, who live together in Sparta, allegedly misled potential donors to believe their organization is related to a legitimate charity with a similar name — the Hurricane Sandy New Jersey Relief Fund, whose board chairwoman is Governor Chistie’s wife, Mary Pat. The defendants also falsely claimed their organization was a 501(c)(3) tax-exempt charity, Chiesa said.

https://www.northjersey.com/news/crime_courts/State_moves_to_shut_down_Wyckoff-based_operation_that_presented_itself_as_Sandy_charity.html

Posted on Leave a comment

Ridgewood hires contractor to repair damage from Sandy

Green_Acres_theridgewoodblog.net_

Ridgewood hires contractor to repair damage from Sandy
Wednesday February 20, 2013, 6:52 PM
BY  DARIUS AMOS
STAFF WRITER
The Ridgewood News

Ridgewood has retained one contractor to perform upcoming repair work at three separate locations in town.
Playground equipment at Habernickel Park in Ridgewood was damaged during Hurricane Sandy.

The Village Council last week awarded three different contracts for varying amounts to undo some of the damage caused by Hurricane Sandy at the Kasschau Band Shell, Habernickel Park and the Salem Lane Pump House.

Elmwood Park-based J&J Handyman has been tapped to complete the three projects, which have a cumulative cost of more than $24,000.

More than half the total bill will fund repairs at the pump station, which contains pump controls for Ridgewood’s water utility and its water pollution control operation. A tree felled by Sandy’s winds caused what Ridgewood deemed “significant roof damage.”

https://www.northjersey.com/news/192144701_Ridgewood_hires_contractor_to_repair_damage_from_Sandy.html

Posted on Leave a comment

Village of Ridgewood Council and Board Meetings

Ridgewood_ Village_Hall_theridgewoodblog.net

Village of Ridgewood Council and Board Meetings

02/19/13     7:30PM     Planning Board Public Meeting CANCELLED
02/26/13     7:30PM     Board of Adjustment Public Meeting
02/27/13     7:30PM     Village Council Public Work Session
02/28/13     7:30PM     Planning Board Special Public Meeting
03/05/13     7:30PM     Planning Board Public Meeting
03/06/13     7:30PM     Village Council Public Work Session
03/11/13     7:30PM     Planning Board Special Public Meeting
03/12/13     7:30PM     Board of Adjustment Public Meeting

The Village Council is the governing body of the Village of Ridgewood. There are five Council members who are elected at large, on a non-partisan basis. The Municipal Election for Village Council takes place on the second Tuesday in May, in even numbered years. The term of a Council member is four years. The Mayor is chosen by the Village Council every two years, after a Municipal Election. The Reorganization meeting,which is when the new Council members take office is held on July 1st.

Village Council members serve part-time, and most have full-time jobs. They appoint a Village Manager to oversee the day to day operations of the Village, to handle personnel, citizen inquiries and complaints, and to handle the administrative duties of the Village.
The Village Council passes local laws, makes appointments to various Boards and Committees, and awards various contracts for purchases of goods and services used by the Village.

They also review, amend, and adopt the annual budget for the Village prepared by the Village Manager and Chief Financial Officer.

Posted on Leave a comment

Ridgewood Knights of Columbus to Host Annual St. Patrick’s Dinner Dance

10-irish-step-dancing-classes-worth-200-125-498011-regular

Ridgewood Knights of Columbus to Host Annual St. Patrick’s Dinner Dance

Ridgewood-NJ-February 18, 2013: The Ridgewood Knights of Columbus are once again proud to be sponsoring their annual St. Patrick’s Dinner Dance on Saturday, March 23rd, beginning at 7:00 p.m. in the Mount Carmel gymnasium at 52 Passaic Street in Ridgewood.

The Best of Everything will cater a full-course of traditional Irish fare including corned beef and cabbage. The renowned Willie Lynch Band will be playing Irish classics and great dance music. There will also be a special appearance by the Irish Step Dancers from the McLoughlin Dance School.

Tickets are $50 each. Payment can be mailed to:

Mark Stappenbeck

452 Hunter Road

Ridgewood, NJ 07450

(201) 444 – 3346

Come enjoy this annual celebration as the Knights of Columbus continue the tradition that the People of Ireland started over a thousand years ago.  And what better way to celebrate the life of Saint Patrick then to gather with friends and family, enjoy a fine meal, and dance to great music!

Come out and celebrate St. Patrick’s with the Ridgewood Knights !

Posted on 1 Comment

NJ Transit didn’t pay for Super Bowl tickets

Met_life_stadium_theridgewoodblog.net_

NJ Transit didn’t pay for Super Bowl tickets
Agency defends sending 4 employees as planning for Super Bowl XLVIII
Feb 16, 2013

NEWARK — NJ Transit defended spending $14,505 to send four employees to the recent Super Bowl in New Orleans, saying they were there to learn in preparation for Super Bowl XLVIII and that the agency did not pay for game tickets.

The news that NJ Transit paid to send the four employees, two from its police department and two from rail operations was first reported by the Record of Bergen County. A Middlesex County lawmaker criticized the agency for exhibiting “poor judgment” for sending employees on the trip while it still is recovering from superstorm Sandy.

An Oct. 25 NJ Transit memo said that the governor’s office signed off on the request to travel to New Orleans from Jan. 31 to Feb. 4 “to observe Super Bowl transportation, security, stadium and event operations in preparation for Super Bowl XLVIII at MetLife stadium.”

NJ Transit has also “been in discussion” with officials in Dallas and Indianapolis, which have hosted past Super Bowls “to learn from their experience” said agency spokesman John Durso Jr.

“NJ Transit did not cover the cost of any tickets to the Super Bowl,” Durso said. “This was a trip designed for employees to learn and bring back best lessons in public transportation and safety planning.”

https://www.app.com/article/20130216/NJNEWS10/302160025/NJ-Transit-didn-t-pay-Super-Bowl-tickets

Posted on Leave a comment

Ridgewood Open Houses Sunday February 17

realestate_forsale_theridgewoodblog.net_1

Open Houses Sunday February 17
February 15, 2013 By Michael Shetler Leave a Comment

Open Houses
Open Houses in Ridgewood, NJ
Starts: 02/17/2013 01:00 pm
Duration: 3 hours:
Ridgewood, NJ
07450

Michael Shetler is a local resident and NJAR Circle of Excellence recipient (2009, 2011) who is happy to serve you in this area. For more information about any of these local homes for sale please call Michael at 201.421.0506 cell or 201.445.4300 office.

Address     List Price     Bedrooms     List Broker
1     610 ROBERT ST     $450,000     4     WEICHERT REALTORS RIDGEWOOD
2     490 VAN EMBURGH AVE     $549,000     3     WEICHERT REALTORS RIDGEWOOD
3     21 E GLEN AVE     $565,000     3     COLDWELL BANKER, RIDGEWOOD
4     557 LYNN ST     $567,000     3     COLDWELL BANKER, RIDGEWOOD
5     440 NORTHERN PKWY     $589,500     4     RE/MAX PROPERTIES-SADDLE RIVER
6     669 ARCADIA RD     $639,900     4     VENTURE VR REALTORS
7     42 ETHELBERT PL     $749,000     4     TERRIE O’CONNOR REALTORS/RIDGEWOOD
8     186 MCKINLEY PL     $789,000     3     TARVIN REALTORS
9     175 MELROSE PL     $885,000     5     TARVIN REALTORS
10     252 MIDVALE ST     $899,000     4     COLDWELL BANKER, RIDGEWOOD
11     252 LINCOLN AVE     $929,000     4     COLDWELL BANKER, RIDGEWOOD
12     429 MEADOWBROOK AVE     $1,135,000     4     TARVIN REALTORS
13     330 BEDFORD RD     $2,399,000     5     KELLER WILLIAMS VILLAGE SQUARE REALTY
14     175 MELROSE PL     $5,250     5     TARVIN REALTORS

For Glen Rock open houses visit Glen-Rock.com.

https://ridgewood-nj-real-estate.com/open-houses-sunday-february-17/

Posted on Leave a comment

Edward F. Horvath at the Stable Art Gallery in Ridgewood

Fgallery11-11

Edward F. Horvath at the Stable Art Gallery in Ridgewood
February 15,2013

Ridgewood NJ ,Artist  Edward F. Horvath will be the featured at the Stable Art Gallery in Ridgewood in and exhibition that includes 34 still life and landscape paintings.

Edward F. Horvath went to the School of Visual Arts in New York, to pursue a career in the art of illustration. After leaving school he worked for companies and ad agencies as an art director/illustrator. He decided to go back to oil painting because he thought of the medium as “using the entire orchestra”. He decided to study with John Osborne, who is a uniquely gifted artist and teacher.

Edward F. Horvath is also a member of the Ridgewood Art Institute and is also a RAI board of directors member.

The exhibit can be seen at the Stable Art Gallery at 259 N. Maple Ave. in Ridgewood. Hours are weekdays 8:30 a.m. to 4:30 p.m. or by appointment. Call 201-670-5560.

sourced : https://www.edhorvath.com/profile.html

Posted on Leave a comment

Obama’s Minimum Wage Plan

help_wanted_theridgewoodblog.net_

Obama’s Minimum Wage Plan
ByChris Edwards
February 13,2013

Economic research has only a tenuous relationship to economic policymaking in Washington. President Obama’s new proposal to raise the federal minimum wage from $7.25 to $9.00 is a case in point. It would bad for workers and the economy, but the administration seems to be ignoring the large body of theory and evidence on the issue.

Labor economist Mark Wilson discusses the economics of the minimum wage in an essay on Downsizing Government. Here are a few highlights:

There is no free lunch when the government mandates a minimum wage. If the government requires that certain workers be paid higher wages, then businesses make adjustments to pay for the added costs, such as reducing hiring, cutting employee work hours, reducing benefits, and charging higher prices.

The main finding of economic theory and empirical research over the past 70 years is that minimum wage increases tend to reduce employment. The higher the minimum wage relative to competitive-market wage levels, the greater the employment loss that occurs. While minimum wages ostensibly aim to improve the economic well-being of the working poor, the disemployment effects of a minimum wages have been found to fall disproportionately on the least skilled and on the most disadvantaged individuals, including the disabled, youth, lower-skilled workers, immigrants, and ethnic minorities.

Nobel laureate economist Milton Friedman observed: ‘The real tragedy of minimum wage laws is that they are supported by well-meaning groups who want to reduce poverty. But the people who are hurt most by higher minimums are the most poverty stricken.’

In the American economy, low wages are usually paid to entry-level workers, but those workers usually do not earn these wages for extended periods of time. Indeed, research indicates that nearly two-thirds of minimum wage workers move above that wage within one year.

While they are often low-paid, entry-level jobs are vitally important for young and low-skill workers because they allow people to establish a track record, to learn skills, and to advance over time to a better-paying job. Thus, in trying to fix a perceived problem with minimum wage laws, policymakers cause collateral damage by reducing the number of entry-level jobs.

As Milton Friedman noted, ‘The minimum wage law is most properly described as a law saying employers must discriminate against people who have low skills.’

https://www.cato.org/blog/obamas-minimum-wage-plan?gclid=CNeNocHKu7UCFSVnOgodtSIANQ

Posted on 4 Comments

Pet owners push for education component in Ridgewood

8januari2013

Pet owners push for education component in Ridgewood
Thursday February 14, 2013, 5:31 PM
BY  DARIUS AMOS
STAFF WRITER
The Ridgewood News

Ridgewood residents who own court-declared potentially dangerous dogs will be required to pay a $700 licensing fee and be subject to monthly inspections by the village’s health department and Tyco Animal Control.
Ridgewood resident Jeffrey Ball, president of the New Jersey Federation of Dog Clubs, addresses the Village Council.

But council members, who on Wednesday unanimously approved the much-publicized and scrutinized ordinance to establish the fee, said they will take advantage of offers received in recent weeks and push an educational aspect to supplement the new licensing structure.

https://www.northjersey.com/news/191287691_Pet_owners_push_for_education_component_in_Ridgewood.ht

Posted on 4 Comments

NJ Transit workers take trip to Super Bowl on taxpayers’ dime

Ridgewood_Train_station_train _is_coming_theridgewoodblog.net

NJ Transit workers take trip to Super Bowl on taxpayers’ dime
Thursday February 14, 2013, 10:41 PM
BY  KAREN RO– USE
STAFF WRITER
The Record

NJ Transit sent four employees to the Super Bowl in New Orleans — including a key rail official who was in charge of the Hoboken terminal when dozens of rail cars and locomotives, left to sit in low-lying yards, were damaged during superstorm Sandy — at a taxpayer cost of $14,505, expense reports show.

The bills, obtained by The Record through an Open Public Records Act request, include:

$7,800 for lodging from Jan. 31 through Feb. 4, 2013;
$5,241 for airfare;
$423 in miscellaneous expenses.

The intent of the visit was to ground NJ Transit officials in procedures used to handle transportation and security at the Super Bowl, using New Orleans as an example. Sent to tour the city were Rich Andreski, chief of staff of rail operations; Joseph Meade III, superintendent of the Hoboken rail operations; NJ Transit Police Officer Patrick Clark and police official Robert Gatchell. Also in attendance was Penny Bassett Hackett, the high-ranking assistant executive director for communications and customer service, though officials said she visited New Orleans on her own.

https://www.northjersey.com/news/NJ_Transit_workers_take_trip_to_Super_Bowl_on_taxpayers_dime.html