Archive for Business

Report Card on Auto Insurers Issuing Refunds

Of late we have seen more than a few commercials touting insurance companies lowering/reducing/partially refunding their auto customers’ policies. How have they done? As with almost everything in life, some did well, others were horrible. Here is a listing of all the major players and how they are rated along several metrics. Where does your company fall?

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Online Primary Sources: COVID-19 Effects on U.S. Finance and Economic Sectors

This timeline from the St Louis Federal Reserve Bank traces the first appearance of COVID-19 as identified by WHO, and the subsequent actions taken in response to this pandemic. Links to multiple sources add to the utility of this site; it is updated as needed.

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Guide To Brexit Abbreviations and Phrases

What is a hard Brexit? The term “alternative agreement”means what? What is “Article 50 TEU”? These and other terms are explained (along with embedded links where necessary) in this Brexit Glossary recently published by the UK Parliament Library.

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Timeline for Hudson Yards

The most ambitious project in recent history for New York City has finally come to fruition – the official opening of the gigantic Hudson Yards project is just a couple of days away. Please look at this article (along with its links) to follow the years-long efforts (including an Olympic bid for NYC) to get this multi-billion site up and open.

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Highest Paid CEOs of 2018

Here is a list of the top 25 along with a CEO salary vs. median worker salary comparison.

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New Jersey’s Future?

The New Jersey Economic and Fiscal Policy Workgroup recently released its report Path to Progress that details certain changes to pensions, retiree health benefits, local governmental services, and business transactions which will, in theory, allow the state to resume fiscal solvency. To say some of these proposals are controversial is quite the understatement; please come here to read a summary of the recommendations and how they might impact you. NJ Spotlight also contains an excellent overview of the contents of this report; here is NJEA’s response to the plan. Contrast this report with Blueprint for Economic Justice and Shared Prosperity from New Jersey Policy Perspective.

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Getting a College Degree Does Matter

The Census Bureau has just released some charts showing the wage differences between those without a college degree and those with one. The annual median earnings gap is quite large in many of the hundreds of occupations listed. These tables also show that the wage-gap between men and women is real and still exists in all manner of employment.

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Cryptocurrency Regulations

Of late, cryptocurrency has been a topic that one cannot avoid. The Law Library of Congress has issued a survey of how various countries oversee this exchange medium. A brief overview with links to enabling legislation and commentaries are provided for each entry; more detailed examinations of selected countries are found at its Regulation of Cryptocurrency in Selected Jurisdictions.

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Jersey City’s Amazon HQ2 Proposal

Although Jersey City did not make the final cut as one of the cities to house HQ2, you can still read its proposal and find out what the city stated that it would do to accommodate Amazon, and why Amazon should have considered Jersey City.

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Latest Kmart/Sears Stores Closings

The complete list is here; there is one closure in the Garden State, two in the Empire State.

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2018 Fortune 500

There has certainly been a lot of volatility in this year’s listings   reflecting in part the tumultuous roller coaster that is the stock market. Major takeaways are be seen here. There are many filters to this ranking; here are two important ones. Each company on the list has a brief, informative profile.

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What Percentage of the American Workforce Possesses a Nondegree Certificate?

The latest figures from 2016 are outlined in this data point – Degree and nondegree credentials held by labor force participants (issued March 2018). Fully 31% of the labor force has a nondegree certificate.

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What Skillsets Will Future Workers Need?

There are more than a few, according to this piece. But the most important is, as this report states: “Preparing for the future merely requires a commitment to learning [emphasis mine]– one of the most empowering activities a person can engage in. And, with all this change comes great opportunity. So, if you commit to learning and stay ahead of your industry, you’ll put yourself in position to reach your goals – regardless of where you stand now.” Those jobs that are predicted to grow the most will require education and re-training.

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Do You Know What FANG means?

Every once in a while, someone mentions FANG stocks or companies. FANG is an acronym for Facebook, Amazon, Netflix, and Google, and it is meant to represent the tech sector. More info can be found here.

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What Does the Future Hold for Jersey City’s Real Estate Market?

Read this report 2018 Emerging Trends in Real Estate from PWC and the Urban Institute to find out. To keep abreast of Jersey City real estate developments, please come here.

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New Jersey Toys ‘R’ Us Stores That Are Closing

Here is the  complete list for the country.  Below is the list just for New Jersey.

1280 Rt. 22 & St. James Ave., Phillipsburg NJ
137 Route 35, Eatontown NJ
100 Promenade Blvd., Bridgewater NJ
2700 Route 22 East., Union NJ
909 US Hwy 1 South., North Brunswick NJ
Rt. 541 & Cadillac Road, Burlington NJ
2135 Route 38, Cherry Hill NJ
7 Wayne Hills Mall, Wayne NJ
545 Route 17 South, Paramus NJ
98 Route 10 West., East Hanover NJ
Kids World 900 Center Drive, Elizabeth NJ
50 International Drive South, Mt. Olive NJ

 

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Newark One of Twenty Finalists for Amazon’s HQ2

238 cities submitted entries to become Amazon’s second headquarters site; Newark made the initial cut and is among the twenty finalists.

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Major Employers in Hudson County

Listed by town, this list from the Hudson County Economic Development Corporation gives the name, sector, address, main phone number, and number of employees.

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How Public-Private Partnerships Are Working at NJCU

This informative article articulates the underpinings of PPP, and how it will benefit NJCU and its students.

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Jersey City in the Running for Amazon’s HQ2?

It would appear from this news report that Jersey City is among the four municipalities that have advanced in the pursuit of state support for their applications to be the site for Amazon’s second headquarters campus, known now as Amazon HQ2. Here is NJ Spotlight‘s take on New Jersey’s chances; here is a supportive op-ed from the head of the NJ Tech Council.

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