Institutional sophistication. Individual attention.
S&P 500 Stock Market Returns During Presidential Election Years Year Candidates Return Republican Wins Demorat Wins No Incumbent on Ballot Incumbent on Ballot 1928 Hoover vs. Smith 43.60% 43.60% 43.60% 1932 Roosevelt vs. Hoover -8.20% -8.20% -8.20% 1936 Roosevelt vs. Landon 33.90%
In a recent op-ed, Gov. Phil Murphy stated that “New Jersey is getting stronger” but cited no data in support of that claim. In fact, the most recent data shows New Jersey tied for dead last among states in the mainland U.S.
Property taxes in New Jersey are the highest in the nation. Since 2000, they have doubled and have risen at over twice the rate of inflation. No wonder people are forced to move; no wonder we have the highest foreclosure rate in
The pension crisis has been a conveniently ignored time bomb in New Jersey, but now we are about to light the fuse. A legislative committee just approved a ballot referendum to constitutionally mandate extra spending of over $3 billion now and $6
What happens if we don’t enact pension reform? Nothing terrible happens immediately, and that is the danger. Disaster is a decade away, so politicians see no urgency. But disaster it will be. Consider this. The State’s 2015 budget was approximately $33 billion;
Some elected Democrats have asked me why I agreed to serve on a pension commission to help Chris Christie solve a complicated pension problem. I agreed to serve because the unfunded pension liability of anywhere between $37 billion and $83 billion, depending
Former New York Lieutenant Governor Richard Ravitch pulled together a bipartisan group of statesmen to issue a stark warning about the finances of many state governments around the country. New Jersey did not fare well. Many have not taken the warnings seriously,
I spent part of a day recently at a conference called Facing Our Future, a bipartisan group of leading citizens who have produced a clear document that outlines the magnitude of the New Jersey’s fiscal mess. It depicts the total spending by
Rhetoric that spawns class warfare may feel cathartic, but it doesn’t help anyone. I’m concerned that it makes the less fortunate more resentful, and also causes those most capable of creating jobs to pull back. So I was surprised at the tone