Shavar Jeffries launches 2014 mayoral campaign in Newark
NEWARK – The Boys and Girls clubs hosted the professionally staged announcement for Shavar Jeffries’ Mayoral candidacy announcement. Over 400 supporters packed the gym, some of whom had already committed to the candidate, while others were still undecided.
Paterson council president endorses Christie
A Democratic Party Leader in one of New Jersey’s largest and most Democratic cities, Paterson Council President Anthony Davis today threw his support behind Gov. Chris Christie.
Wimberly says Davis failed politics 101
A day after Passaic County Democratic Committee Chairman John Currie became the senior advisor to the Barbara Buono campaign, Gov. Chris Christie marched into Paterson and pickpocketed Council President Anthony Davis.
Latest from State Street Wire
Assembly lawmakers spar over Internet gaming, tax rebates
TRENTON – Just how much revenue the state will see in internet gaming’s first year became a point of contention between Assembly Budget Committee members and the Treasury Department on Tuesday.
Bill Mooney-State Street Wire
Senate panel approves immigration bill
WASHINGTON — Far-reaching legislation that grants a chance at citizenship to millions of immigrants living illegally in the United States cleared the Senate Judiciary Committee on a solid bipartisan vote Tuesday night after supporters somberly sidestepped a controversy over the rights of gay spouses.
David Espo and Erica Werner-Associated Press
Atlantic City’s Revel exits bankruptcy court
ATLANTIC CITY — Revel is bankrupt no more.
The struggling Atlantic City casino formally emerged from bankruptcy court on Tuesday, just 13 months after it opened with sky-high hopes.
The pre-planned Chapter 11 filing wiped out $1.2 billion of the casino’s $1.5 billion in debt, by giving lenders an 82 percent ownership stake.
Wayne Parry-Associated Press
Bill aims to aid towns losing big corporate tenants
A bill designed to help municipalities hit hard by the departures of large corporations is making its way through the state Legislature, though some say it’s treating the symptom, not the cause.
The bill, S-2595, would create a $5 million fund to provide municipal aid to municipalities if a large company leaves the town. To qualify, the company leaving the town must meet one of four conditions: they were the largest ratepayer in the municipality, they comprised 10 percent of the tax base, their equalized asset valuation was at least $150 million or the company employed at lease 1,000 people.
Jared Kaltwasser – NJBiz
Christie dismisses link between climate change and Hurricane Sandy
Climate change. What climate change?
Governor Chris Christie doesn’t think NJ Transit came up short in planning for extreme weather caused by climate change. He rejects the notion that Hurricane Sandy was linked to climate change.
IN win for Dimon, JP Morgan shareholders reject CEO-chairman split
JPMorgan Chase Chief Executive Officer Jamie Dimon won shareholder support Tuesday to retain his simultaneous position as chairman, surviving a campaign to split the roles after an unprecedented trading loss last year by the biggest U.S. bank
NJ charters look at teacher evaluations
Following a parallel but very different path from their school-district brethren, New Jersey’s charter schools are finalizing plans for how they will evaluate teachers and principals.
John Mooney-NJ Spotlight
Developer scales back plan on offshore wind transmission system
If a power transmission backbone is built under the ocean along the Eastern Seaboard to promote the development of offshore wind farms, it will likely be located off the New Jersey coast and, quite possibly, nowhere else.
Tom Johnson – NJ Spotlight
CEO confidence in New Jersey is up
Despite the economic challenges facing businesses, 25 percent of CEOs in New Jersey said the state is a good-to-excellent place to do business, up from 12 percent in 2010, according to the results of the New Jersey Economic Policy Summit’s 2013 C-Suite Survey of Garden State CEOs.
Mary Ann Bourbeau-NJBiz
Activists call for greater scrutiny of hospital sales, closures
Under a series of proposals made by activists yesterday, all parties involved in a sale of a nonprofit hospital to a for-profit operator would come under greater scrutiny.
The recommendations ranged from disallowing the sale of hospitals to owners facing investigations to increasing financial transparency. They were made at a joint hearing by the Senate Legislative Oversight and Health, Human Services and Senior Citizens Committees
Andrew Kitchenman-NJ Spotlight
Politics of disaster aid complex after Sandy
Rescue crews had not finished searching the Oklahoma wreckage for tornado survivors before members of Congress started to chew over the political implications of another disaster-aid bill.
Herb Jackson-The Record