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Sandy-Gate at a glance, via the New York Daily News:
The non-disbursed total is actually closer to $945 million? I stand corrected. And I like I said, calculating the interest on it might give us a clue as to the reason why it hasn't been disbursed. P.S: From the "Hands Up Who DIDN'T See This Coming" department: |
Remember this guy Robert Grady, who's running the New Jersey pension fund AND private financial firms that collect fees for handling the New Jersey pension fund?
Well, you can forget about him now: ...As Chris Christie draws closer to a run for president, there's intensifying scrutiny of donations flowing to his political organizations from executives at financial firms that manage ever-larger slices of New Jersey's $80 billion state pension system. Now, the Christie political confidant at the center of many of those questions is resigning. During today's meeting of the New Jersey State Investment Council, private equity executive Robert Grady announced he is stepping down from the chairmanship...With friends like Christie's, who needs friends? Everyone! |
Conflict of Interest, She Wrote
The latest to fly the Christie Crew coop is his number one aide, chief of staff Kevin O'Dowd. Bridge(t)-Gate stopped him from his promised promotion to New Jersey's attorney general -- after all, how objective could he be about investigating the person who hired him, especially since someone who has worked with all nine of the Christie Crew members who are being investigated now runs the state ethics committee? Anyway, Mr. O'Dowd will be working as the "senior executive vice president and chief administrative officer for Cooper University Health Care...responsible for...business and organizational development... marketing, human resources, compliance oversight, and corporate real estate and development." All for which he is very well qualified for with his background as a prosecutor in the US Attorney's Office Health Care Fraud Unit! As consolation prizes go, I guess he came out ahead both professionally and financially. And there's no doubt his wife Mary is proud -- no doubt at all: Quote:
So exactly how will that work? One of the commission's duties is setting regulations for the health care systems. Does she plan to rule one way for everyone except Cooper University Health Care, and look the other way if Charbonneau rules the other way? As for Mr. O'Dowd, how does he make it look in the eyes of Cooper's competitors that there is even the mere possibility of Cooper having a pipeline to the health commission that they don't? But I hope I'm not coming across as being anti-romantic. I mean, you know you've got a good marriage when you love your spouse so much, you outsource a piece of your job! |
The latest from the Crew Christie Personnel Department, and just in time for feeling thankful:
Since July 1, Joseph G. DiVincenzo has been working at the New Jersey Department of Education as an "education program development specialist" at a salary of around $90,000 US. According to the job description, it involves “the design, production, and delivery of curricula, training, program improvement, and related education services to education agencies to ensure achievement of mandated goals and to meet existing and emerging needs...” According to DiVincenzo's father, "As a teacher for six years, Joe graduated with a master’s degree in educational leadership and earned certifications that qualify him to be a school administrator, principal, supervisor, school business administrator, K-5 elementary education teacher and grade 6-8 math teacher." Lovely -- except that DiVincenzo's father is Essex County Executive Joseph N. DiVincenzo...AND that Joe Jr. was SO qualified, the job was apparently never advertised! Quote:
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Some post-Thanksgiving leftovers
It turns out the that the 32-year-old daughter of a cousin of Christie's wife had a $95,000-a-year job as a school system administrator in Camden, New Jersey -- at least, until very recently after someone complained about the possible nepotism at a school board meeting.
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Nonetheless, there is a silver lining: The Revel casino has been sold; online gambling income is negligible; and now New Jersey is losing money on the lottery -- Chris Christie has finally won a trifecta! |
When Budget Cuts Become Stab Wounds
It looks like Christie will be able to count on getting the unfit parent vote.
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Don't throw away those expired New Jersey lottery tickets just yet
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And look whose head pops up yet again -- David Samson's, like the proverbial monster that can't be destroyed! As busy as he is, he even had time to run a lobbying group? Will wonders never cease! |
Kevin O'Toole Doesn't Let Being Implicated In Bridge(t)-Gate Stop Him From Criticizing the Interim Report
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Maybe $175,000 simply isn't enough for a New Jersey governor to live on, and with four kids, Christie simply needs the extra income though his wife works. And let's be fair: if he can't manage the state's finances, SHOULD we expect him to be good at mangaging his own? Do yourself a big favor, Governor Soprano: also tell O’Scanlon and Burzichelli to sit down and shut up. And if O'Toole is going to insist on calling attention to himself, somebody do ME a favor and hit him with a subpoena, please -- a BIG one! |
Once upon a time, not so long ago, there was hedge fund company called Angelo Gordon & Co. One of their clients was tne New Jersey Treasury Department, who paid Angelo Gordon fees for managing their state pension fund investments.
In 2011, the New Jersey Treasury Department decided to take their money away from Angelo Gordon -- but it didn't make them sad, because the Treasury continued to pay them the fees! Then one day, the people at Angelo Gordon found an abandoned orphan on their front doorstep, who they decided to take in and give a job, and everyone lived happily ever after. The name of that orphan? Mrs. Chris Chrsitie! Now before you start crying "Foul!" it turns out that there's a perfectly logical explanation for this: Quote:
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