Thursday, March 29, 2012

Mega Millions lottery jackpot rockets to record $540 million

Mega Millions lottery jackpot rockets to record $540 million
March 29th ,2012
the staff of the Ridgewood blog

(Ridgewood -NJ) Strong ticket sales have sent the Mega Millions jackpot to a record-setting $540 million for tomorrow's drawing.

Tuesday's lottery jackpot was hardly meager at $363 million ,weeks have now passed without drawing a top winner. Previous top jackpot in the Mega Millions game was $390 million in 2007, and was split by two winners one in New Jersey and one in Georgia.

In Tuesday night's drawing, 47 players came close, all matching five of the six winning numbers. Each of those tickets is worth at least $250,000.

The winning numbers Tuesday night were: 9, 19, 34, 44 and 51. The Mega Ball was 24.

www.theridgewoodblog.net

Tuesday, February 7, 2012

Senate Democrat Bob Menendez stopped by the Ridgewood Train station Monday morning for a photo op to pitch the Federal Transit Bill

Senate Democrat Bob Menendez stopped by the Ridgewood Train station Monday morning for a photo op to pitch the Federal Transit Bill 
the staff of the Ridgewood blog 

(RIDGEWOOD-NJ) Senate Democrat Bob Menendez stopped by the Ridgewood Train station Monday morning for a photo op to pitch the Federal Transit Bill that will give New Jersey $63M in federal transit funding if it's passed by the Senate.

The bill also contains a number of programs the Senator championed including:

A New $20 Million Transit Oriented Development Planning Program.  The $20 million program will help communities create more livable communities by planning new development around new transit hubs.  The provision is based on similar language in Senator Menendez’s Livable communities Act, and in New Jersey would work in tandem with the state’s Transit Village program.

Increased Funding for the National Transit Institute at Rutgers (NTI) [$5million]. NTI provides training, education, and clearinghouse services in support of public transportation and quality of life for the entire nation.  In recent years this important national program has seen its funding slashed, despite the increased need for training in the face of an ongoing wave of retirements in the industry. This bill will raise NTI’s funding to $5 million per year from $3.8 million.

Increased Clean Fuels Program Funding [From $51.5M to $65M].  This competitive program for clean fuel transit vehicles and for refueling infrastructure will help agencies switch from dirty, expensive fuels, to cleaner, cheaper fuels.  This will help improve air quality and allow transit agencies to untether themselves from volatile oil prices.

Increased Funding for Transportation for Seniors and the Disabled [NJ Funding Goes From $6.5 M to $7.8 M]. With demand for senior transportation increasing, the bill is able to meet that demand with increased resources.

Streamlined and Reformed “New Starts” Process. The bill streamlines the process for the federal approval of new projects and allows projects designed to increase capacity on existing systems rather than just allow new systems or new lines.  Older systems such as New Jersey’s that are at capacity could, for instance, use the program to add a new station, add another track, or purchase bigger train cars.

Menendez recently found himself out of party good graces when he became the first Democrat to reject one of President Obama's judicial appointments. He first claimed  Judge Patty Shwartz, whom Obama nominated in October, was not qualified to serve on the U.S. Court of Appeals for the Third Circuit in Philadelphia.Later Menendez reversed himself and said he would support the nomination.

Menendez was also recently jilted when West New York Mayor Dr. Felix Roque, a Hudson County Democrat,endorsed Republican State Sen. Kyrillos for the U.S. Senate seat held by Robert Menendez, also a fellow North Bergen Democrat.

Sources claim Sen Menendez  was invited to Ridgewood by his friend Councilmen Paul Aronsohn . The funny thing is that no media sources except for the "Patch" also a friend of the Councilmen covered the event.

Observes found it odd the the Senator would use the controversial Ridgewood Train station as a back drop to promote more transit spending when the station has come under so much criticism for the $800,000 gutters, $2million dollars for the roof and ADA compliant elevators to nowhere .

Monday, January 9, 2012

The Village pulls through a very difficult year on its way to restoring long term financial sustainability

The Village pulls through a very difficult year on its way to restoring long term financial sustainability
the staff of the Ridgewood blog

(RIDGEWOOD-NJ) In the recent Ridgewood News article by Joseph Cramer ,"Ridgewood officials offer up resolutions for 2012"http://www.northjersey.com/topstories/ridgewood/136819473_Ridgewood_officials_offer_up_resolutions_for_2012.html  Village Manager Ken Gabbert mentioned a number of important initiatives that were accomplished in a 2011 which he called a "year of transition,"

Gabbert cited the implementation of the Unlimited Pre-Paid Parking (UP3) and the redeployment of school crossing guards to other village positions in the summer months as part of the revamping of the Villages finances. Gabbert also went on to say that "2011 was the first full year following the financial decisions of 2010. In 2011, we entered the year down 14 percent in total staff from a year earlier and working from a tighter budget than prior years."http://www.northjersey.com/topstories/ridgewood/136819473_Ridgewood_officials_offer_up_resolutions_for_2012.html

The year was marred by severe weather that put significant pressure of Village resources. Other dominant themes were the battle between the Urbanization types vs the Keep it a Village types and Incentive pay vs Union seniority battle at the Village Hall .The Village manager was in the hot seat most of the year creating a lot of controversy working on cleaning up the financial mess created over the last 15 years.

Despite heavy criticism from pro-union factions in town the council continues to push forward with the non-union staff incentive pay program that earned Ridgewood the New Jersey State Innovation in Government Honorable Mention Award . Its nice to be in the forefront of something again.

The renegotiation of police and fire department contracts have also come under heated criticism but in the long run it seems to put the Village back on the coarse of financial sustainability while not forcing further reductions in services or as an unintended consequence ringing up massive amounts of overtime.

The other novel initiate was the Water Pollution Control Facility acceptance program and the development of a sustainable energy program for the Village. Another notable accomplishment was the dam reconstruction at Habernickel though the skeptics still remain on the wisdom of buying the so called  ,"money pit" to begin with there is no debate the reconstructed damn added needed viability to the property .

The single largest event and accomplishment of the council was running the well organized and professional hearings on the Valley Hospital expansion . It reminded many residents of the old days when Village interests were always put ahead of personal agendas and the conclusion to deny The Valley Hospital's out sized  "Renewal" proposal seemed to most to be an obvious conclusion.

Obviously there is an enormous challenge in front of everyone to preserve the Village and make the needed capital investments . The council must continue to move forward on the path of long term incremental reform to financial sustainability .and avoid and wild eyed schemes or look socialize the risk on any private investments.

http://www.theridgewoodblog.net/2012/01/village-pulls-through-very-difficult.html

Tuesday, January 3, 2012

Desperate Democrats look to blitz Scott Garrett with Former NY Giants linebacker Harry Carson in the 5th district

Desperate Democrats look to blitz Scott Garrett with Former NY Giants linebacker Harry Carson in the 5th district
the Staff of the Ridgewood blog

(RIDGEWOOD-NJ) Former New York Giants and Hall of Fame linebacker Harry Carson is said to be considering a run for Congress in New Jersey 5th congressional district against Representative Scott Garrett .

Carson recently told The Associated Press he hasn’t made a definitive decision yet but is thinking about it. Carson has never held public office,but has been talking to the Democratic Congressional Campaign Committee about the idea of running.Carson currently lives in Franklin Lakes.

Carson spent his entire professional football career, from 1976 to 1988, with the NY Giants. Sources say that Carson could afford to finance his own campaign and obviously has name recognition.

http://www.theridgewoodblog.net/2012/01/desperate-democrats-look-to-blitz-scott.html

Thursday, October 20, 2011

Washington Policy Wonks need to look no further than recent History of 1990 Japan for answers.

Washington Policy Wonks need to look no further than recent History of 1990 Japan for answers. 
one small voice

Policy experts continue to be stymied by their inability to get the economy moving again .A look at recent history would suggest that both the talking heads and Washington policy wonks should know better and be better served if they took a look at the failings of Japan in the 1990's.

In the not too distant past Japan was faced with many of the same issues caused by collapsing property and stock markets,leaving Japanese banks upside down on much of the nations collateral. Japan's once invincible economy ran aground with similar policy missteps that our current policy makers are making .

First Japan embarked on printing money and zero interest rates to accelerate demand ,but this is like pushing on a string. It failed in the 1990's for Japan and in reality did nothing to effect the supply and demand curve. This priming the pump or inflating your way to prosperity has historically proven to have dangerous consequences such as run away inflation and in the worst case could lead to a currency collapse.

At the same time both Japan in the 90's and the US government today have engaged in a massive buildup of regulation for both personal and business behavior with the net effect being to suffocate business initiative.

Both countries engaged in wrong headed Government "Stimulus" plans that never work , I repeat NEVER. Most of the stimulus money is wasted or lands in the hands of public unions with little or no job creation. Again Japan in the 1990's embarked on the same foolishness with a huge capital investment plan for infrastructure .Like the fool hearty promotion of alternative energy in the US today where at the end of the day much of the money was wasted ,taxes have to be raised to cover the debt which further suppresses economic growth.

Japanese banks simple hid there loses and in many cases have yet to recognize the depreciated collateral.The US has similar issues with the destruction of the credit markets, the 2000 stealth stock market crash and the inability for the government to offer any reliable economic statistics. There is a consistent theme of not facing the reality of the current economic situation.

Finally for both countries their constant central and state government tweaking or interference with the economy and its unintended consequences  have created so much uncertainty that they have virtually stifled business decision making.

The current period of economic decline will not end until more substantive pro-growth policy's are enacted ,such as deregulation, shrinking the size and scope of government ,paying down debt and lowering taxes. It is just that simple.

http://onesmallvoice.blogspot.com/2011/10/washington-policy-wonks-need-to-look-no.html

Wednesday, August 17, 2011

Traditional New Jersey Local media is as guilty as the politicians they continue to protect and should be held accountable


Traditional New Jersey Local media is as guilty as the politicians they continue to protect and should be held accountable
the staff of the Ridgewood blog

Ridgewood NJ - Like a person who buys and alcoholic his next drink ,the same media enablers who have allowed New Jersey to be run into the ground by rampant corruption and fiscal irresponsibility since the Whitman days have now picked up the latest cause celeb to attack and blame all our problems , on the Tea Party. It was only a short time ago the former President George Bush was being blamed for everything from parking tickets to the fact that so many residents were fleeing the states corruption and high taxes for greener pastures.

The local media in New Jersey has been partners in the massive misuse of public funds for far to long  and shares much of the blame . The recent spat of "pro union" front page editorials in the Bergen Record under the pretense of  news  headed under the tag "we need this and your gonna pay for it" has become laughable. Whether its a enormous toll increase,a $110 million county park,  a new stadium, that stupid Xanadu or the further adventures of Saint McGreevey, the Record and many other media outlets will bend over gladly  for any politician or State worker Union with his or her hand  out.

Meanwhile the Record and their media brothers were totally remiss in reporting the lack of state contributions to state worker pension funds and the "borrowing" ie theft of money from those funds. The current pension crisis and a Republican Governor  seem to have suddenly  created a need to talk about the $50plus billion dollar short fall. While the prior two Governors exacerbation of the situation went totally unnoticed and unreported.  An even bigger lapse is the states continued "gambling" with high risk investments in the state worker pension funds and the complete lack of over site in choosing the fund managers ,especially during the McGreevey administration.

It is time for the "NJ state media" to stop fronting for Trenton and all their special interest friends and start doing the job of reporting the news. For far to long the constant misrepresentations and press releases have driven local news making the traditional local media part of the problem and not the solutions. Traditional New Jersey Local media is as guilty as the politicians they continue to protect and should be held accountable.

Aronsohn looks to challenge party bosses for Union Support


Aronsohn looks to challenge party bosses for Union Support 
the staff of the Ridgewood blog

Ridgewood NJ- Councilmen Paul Aronsohn continues  to purse a pro union strategy looking to pick up Union support for his political ambitions  It is becoming readily obvious that Aronsohhn a former McGreevey aid and Ridgewood Councilmen is looking to fill the vacuum and take advantage of the current breakdown in Union ,Democrat relations at every possible opportunity .

Recent statements from Aronsohn have amounted to nothing more than an attempt  placate union bosses . Rumors continue to swirl that Aronsohn is looking to run for Freeholder challenging party incumbent David Ganz.

Aronsohn  continues to be very vocal on a host policies like the ADA which have to many become nothing more than Union ,make work" projects . One look at the Ridgewood Train stations and its "elevators to no where "  or the fact that the copper gutters cost over $800,000.00  leaves one wonders how many people with disabilities will visit the train station roof.

Whether its fighting incentive pay for Non-union workers , voting against pay raises for Village managers , lambasting the Governor or writing farewell pieces to Clarence Clemons or Richard Holbrooke ,Aronsohn continues to campaign hard for Union dollars without which he stands little or no chance of winning public office.

Meanwhile Aronsohn continues to be dogged by questions on his own sincerity and within "liberal" circles is often viewed as nothing more than an opportunist. Some would even question his strategy taking on the powerful Sen, Donald Norcross ,Senate President Steve Sweeney  and other party power brokers in an attempt to create a power base with Union money rivaling theirs.

http://www.theridgewoodblog.net/2011/08/aronsohn-looks-to-challenge-party.html