Former Gov. Chris Christie on Monday told CNN the country should reopen despite projections that the ongoing coronavirus pandemic could kill thousands of Americans.
Christie, a Republican and backer of President Trump, pointed to the “economic devastation” from widespread closures of businesses put in place to help slow the spread of the virus.
“Of course, everybody wants to save every life they can — but the question is, towards what end, ultimately?” Christie said in an interview with CNN’s Dana Bash for The Daily DC Podcast. “Are there ways that we can… thread the middle here to allow that th… Read the rest of this entry »
CVS will raise the minimum wage for its workers to $11 an hour beginning in April, matching a move made by Target in the fall and Walmart in January. Citing tax savings created by the Tax Cuts and Jobs Act, the company said it will also adjust pay ranges and rates for many retail pharmacy technicians,… Read the rest of this entry »
Freeholder Director Tom Arnone and Freeholder Lillian Burry announced a boost to the Agribusiness sector of Monmouth County’s economy last week with the launch of a marketing campaign for farm products grown in the county.
Monmouth County farms and related business can sign up to use the new “Grown in Monmouth” logo which is the first part of county wide marketing strategy funded under a USDA Rural Business Enterprise Grant the county received last year to evaluate current trends and future opportunities to expand the local farming industry, and to develop a marketing strategy to promote and market agricultural products.
TRENTON — A new study cast doubts on whether New Jersey can withstand another economic downturn. It’s the second such study this year to find that the state, which has lagged behind the rest of the nation in recovering from the Great Recession, is particularly vulnerable and unprepared for yet another. New Jersey is among 10… Read the rest of this entry »
Keeping in mind yours truly is out of the predictions racket and these are merely “observations”, I give you my latest thoughts:
First and foremost, when it comes to today’s employment report, I can sum up my opinion by saying this.
It makes no economic sense to have such strong back-to-back employment reports given how overall weak other economic factors have clearly been of late. Either many of these other economic factors were grossly off base, or the employment numbers have been nicely goosed. For the record, I go with the latter (but we won’t know until way after the election and by then, the goose shall surely been cooked).
Sports Authority stores in Hazlet, Manalapan and West Long Branch are slated to close
The announcement this week that Sports Authority will close all its stores nationwide sent another jolt through the commercial real estate industry. The nationwide retailer had originally released a smaller list of stores that it planned to close, but on Monday announced it would liquidate its holdings at auction May 16 and close all 140 stores… Read the rest of this entry »
Goldman Sachs has agreed to pay more than $5 billion to settle charges it sold mortgages it knew were likely to fail during the housing bubble heydays of 2005-2007, the U.S. Justice Department announced today. Of that settlement, $1.8 billion has been set aside to help consumers harmed by the practice – with most of it… Read the rest of this entry »
544 layoffs in Monmouth County from 7 A&P/Pathmark stores
MONTVALE –More than 8,500 employees at A&P supermarkets across New Jersey will be out of the job by Thanksgiving, according to filings with the state Department of Labor. The latest round of filings bring the total number of potential layoffs to more than 9,400, for the Great Atlantic and Pacific Tea Company, which operates under the… Read the rest of this entry »
Nearly half of the homes sold in New Jersey in May went to buyers who paid all cash, according to a new report, giving the state the largest share of those types of purchases in the country. The report released on Thursday morning by the Irvine, Calif-based housing research firm RealtyTrac shows 48 percent of single-family… Read the rest of this entry »
Economic activity in New Jersey ticked up only slightly in 2014, new federal data released on Wednesday morning shows, and the state’s growth ranked near the bottom nationwide. The gross domestic product in nearly every state increased in 2014, with New Jersey posting an uptick of 0.4 percent, according to the Bureau of Economic Analysis. That’s… Read the rest of this entry »