October 17, 2013 |
MONTCLAIR, N.J. - In a campaign debate that touched on gay marriage, presidential aspirations, and even Wawa, Republican Gov. Christie again cast himself as a bipartisan leader supported by state Democrats, while Democratic State Sen. Barbara Buono argued that she would be an independent governor who bucked party bosses. Buono appeared feistier and more confident than in the first debate as she sought to frame herself as an independent woman not beholden to Christie's political allies, whom she described as "bosses" straight out of the HBO drama about 1920s New Jersey corruption, Boardwalk Empire . Specifically, she zeroed in on Essex County Executive Joseph "Joe D. " DiVincenzo, the highest elected Democrat to endorse Christie.
March 24, 2012 |
WASHINGTON - A former MF Global executive appears to contradict testimony from Jon Corzine, saying the former senator and New Jersey governor ordered the transfer of $200 million last fall out of a customer account days before the brokerage firm collapsed, according to an e-mail obtained by congressional investigators. Edith O'Brien, MF Global's former assistant treasurer, says Corzine ordered the money shifted to one of the firm's bank accounts overseas Oct. 28 to cover an overdraft, according to a memo that cited the e-mail.
January 31, 2012 |
TRENTON - A newspaper's review of records shows the Port Authority of New York and New Jersey has hired 50 people recommended by Gov. Christie's administration in the last two years. The review by The Record, of Bergen County, N.J., found that those holding the jobs - which range from federal affairs director to toll collector - earn about $4 million in annual salaries. Those who spoke with the newspaper said they were qualified for their positions. The jobholders include the former vice chairman of the Passaic County Republican Committee, the former director of the state Republican Committee, and the son of former Republican Assembly Speaker Garabed "Chuck" Haytaian.
January 3, 2012
NEW JERSEY CSI: SPCA The New Jersey SPCA is adding a new position to its staff that may be more familiar to fans of human-centered crime shows. Dr. Ernest Rogers is joining the organization as its first ever "forensic veterinarian. " Rogers will join the agency's law-enforcement division to help it investigate animal abuses and solve crimes against animals. State animal-welfare officials said that veterinary forensics and animal crime-scene investigations are growing specialties in veterinary medicine.
November 15, 2011 |
WASHINGTON - The millions that former New Jersey Gov. Jon Corzine amassed as head of Goldman Sachs have become an alluring target for investors who were crushed by the collapse of MF Global, the brokerage firm he led until earlier this month. And Corzine isn't the only one who may be financially vulnerable after the eighth-largest bankruptcy in U.S. history. Others include MF Global's other top executives; its auditor, PricewaterhouseCoopers, and some big Wall Street banks. Even MF Global itself, which can't be sued while in bankruptcy protection, could sue its former executives.
November 12, 2011
Jon Corzine's iron will and ease with high-stakes risks helped him rise from an Illinois farm boy to the top of Goldman Sachs, and then to the U.S. Senate and New Jersey governorship. But the risks he took, especially with other people's money, needed more checks and balances. The nonpartisan Sunlight Foundation says Corzine lobbied against a regulation that might have protected his now bankrupt MF Global investment firm from failure, or at least made it easier to find $600 million in missing client funds.
November 7, 2011
How not to balance a budget Of course Gov. Corbett balanced the state budget without raising taxes. He is cutting funding for the Philadelphia Library for the Blind and Physically Handicapped, for health care, and for public schools and colleges ("Planned cuts at Phila. Library for the Blind opposed," Oct. 27). He is ignoring our roads, bridges, and mass transit. He isn't taxing natural-gas drillers. He pays allegiance to the no-tax pledge of Grover Norquist - who isn't even a Pennsylvanian.
November 4, 2011
By William D. Cohan In the end, Jon Corzine was little more than an unsupervised rogue trader. His disproportionately reckless $6.3 billion bet on the credit of a few European nations bankrupted MF Global over the course of three dramatic days, after the short-term credit markets quickly lost confidence in him and his firm. His gamble will cost shareholders and creditors billions and, virtually overnight, jeopardize the careers of almost 3,000 employees. MF Global now has the distinction of being one of the largest corporate bankruptcies in American history, with almost $40 billion in liabilities.
November 2, 2011 |
It's tragic, really. Just four years ago, when the toxic assets of the world's financial sorcerers were still hidden from public view and the economy seemed blissfully immune to its own impending demise, ex-Goldman Sachs golden boy Jon Corzine was Big Man at the New Jersey Statehouse. I had just finished covering his administration briefly, before being dispatched to cover business news and the unexpected unraveling of the global economy that ensued. When Corzine's investment firm went belly-up Monday, it was hard to look back and not be amazed at how far we have fallen - all of us - and continue to fall.
October 28, 2011
Twice in the past two months, federal prosecutors quietly sent letters to prominent New Jersey Democrats saying investigations into their alleged activities were closed. It's a shame that it took five years for U.S. Sen. Robert Menendez and two years for former Assembly Speaker Joseph Doria to finally get this news. It's too easy to assume two Hudson County politicians might be guilty of something. After all, the county is jokingly referred to as the place where public officials embrace each other in the "Hudson Hug" to determine who is wearing a wire.