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Jon Corzine

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NEWS
April 9, 2001 | By Chris Mondics INQUIRER WASHINGTON BUREAU
He grew up on a family farm where government price supports helped his parents make ends meet. He went to a state university where tuition was steeply discounted thanks to generous subsidies. Later, he got a state scholarship to help pay for graduate school. Democratic Sen. Jon Corzine of New Jersey says he has always had a healthy regard for what government can do to promote prosperity. So perhaps it should come as no surprise that Corzine, who spent $62 million of his own money in running for office, is emerging as a leading advocate of activist government.
NEWS
June 29, 1999 | By Tom Turcol, INQUIRER STAFF WRITER
U.S. Rep. Frank Pallone Jr. yesterday pulled the plug on his uphill bid for the Democratic U.S. Senate nomination in 2000, moving the party closer toward a head-to-head clash between former Gov. Jim Florio and multimillionaire financier Jon S. Corzine. Pallone, 47, said he withdrew after facing "the reality of what's going on statewide," with most of the party leaders who are opposed to Florio trying to clear the field so Corzine can emerge as his lone challenger in next year's primary.
NEWS
October 19, 2005 | By David P. Rebovich
If you turned on a television or a radio in the last month, you know that there is a governor's race in New Jersey this fall. Ads for multimillionaires Jon Corzine, a Democrat, and Republican Doug Forrester are inundating the airwaves and will do so right through Election Day on Nov. 8. Yes, the candidates attack each other in some of these ads. But in others they promise to provide citizens with property-tax relief, improve policies in many areas,...
NEWS
August 24, 2005 | By Frank Kummer INQUIRER STAFF WRITER
Democratic U.S. Rep. Robert E. Andrews told constituents in a mailing yesterday that he intends to run for the U.S. Senate if Jon Corzine is elected governor. Andrews' statement came as no surprise in political circles, but his office was quick to say the mailing was not "an official announcement. " Still, it puts Andrews on the record in joining several well-known New Jersey congressmen in chasing Corzine's Senate seat if he defeats Republican Doug Forrester. Democratic contenders for the Senate seat will likely include U.S. Rep. Robert Menendez of Hoboken and U.S. Rep. Frank Pallone Jr. of Long Branch.
NEWS
February 1, 2000 | By Tom Turcol, INQUIRER STAFF WRITER
On a day when money took center stage in New Jersey's U.S. Senate race, federal campaign reports showed that Democrat Jon S. Corzine and Republican William L. Gormley have built huge financial advantages over their rivals in the June 6 primary. For the Democrats, the story was how much Corzine is spending to stake his claim to the nomination. With a personal net worth estimated at $300 million, Corzine is spending freely in his bid to defeat former Gov. Jim Florio. On the Republican side, the focus was on how much money had been raised.
NEWS
January 18, 2003 | By Chris Mondics INQUIRER WASHINGTON BUREAU
President Bush plans to nominate Michael Chertoff, a top Justice Department prosecutor and former U.S. attorney for New Jersey, to a seat on the Philadelphia-based federal appeals court, according to the office of Sen. Jon Corzine (D., N.J.). The White House told the senator that Bush intended to submit Chertoff's name to the Senate for the U.S. Court of Appeals for the Third Circuit, Corzine spokesman David Wald said. Both the Justice Department and the White House declined to comment yesterday.
NEWS
June 19, 2005 | By Tom Turcol INQUIRER STAFF WRITER
In classic underdog style, New Jersey Republican Douglas Forrester has started out on the attack in launching his four-month bid to overtake U.S. Sen. Jon Corzine, his Democratic opponent for governor. And that's just where Forrester is likely to stay in what is expected to be a slashing and ultra-expensive race matching two wealthy and dogged campaigners. Just days after his hard-fought primary victory, Forrester pounced on what many view as Corzine's chief liability: his ties to Democratic figures who have been convicted or otherwise tarnished in ethics-related controversies.
NEWS
June 10, 2000 | By Mike Madden, INQUIRER SUBURBAN STAFF
Rejecting a call for organized labor to stay neutral, the New Jersey AFL-CIO yesterday endorsed Democratic Cherry Hill Mayor Susan Bass Levin over eight-term incumbent U.S. Rep. Jim Saxton, a Mount Holly Republican, in the campaign for the state's Third Congressional District seat. As expected, the labor federation also threw its support behind Jon Corzine, the Democratic nominee for U.S. Senate, moving quickly to reunite the party after Corzine's bitter primary campaign against former Gov. Jim Florio.
NEWS
December 10, 2004 | By Tom Turcol INQUIRER STAFF WRITER
Acting Gov. Richard J. Codey turned up the heat yesterday in his party's jockeying for governor, using a group of home-county allies to telegraph his resolve to keep the Democratic nomination open until he decides whether to seek it. Codey's move, aimed at slowing U.S. Sen. Jon S. Corzine's gubernatorial bid, resulted in a Newark rally in which Essex County's local and state political leaders hailed him as the party's best possible candidate for...
NEWS
September 6, 2000 | By Suzette Parmley, INQUIRER TRENTON BUREAU
Emphasizing his anticrime record and support of bills to aid children, the New Jersey Fraternal Order of Police endorsed U.S. Rep. Robert D. Franks yesterday as his Democratic rival in the U.S. Senate race began a series of television ads in the New York and Philadelphia markets. Buoyed by a poll that indicates he has erased Jon S. Corzine's once-substantial lead for the first time since the June primaries, Franks gave assurances that his Republican campaign remained "on track" despite having raised only $1 million with less than nine weeks to go before the Nov. 7 election.
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NEWS
October 17, 2013 | By Maddie Hanna and Matt Katz, Inquirer Trenton Bureau
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.
NEWS
March 24, 2012 | By Marcy Gordon, Associated Press
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.
NEWS
January 31, 2012 | Associated Press
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.
NEWS
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.
BUSINESS
November 15, 2011 | By Marcy Gordon, Associated Press
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.
NEWS
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.
NEWS
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.
NEWS
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.
BUSINESS
November 2, 2011 | By Maria Panaritis, Inquirer Columnist
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.
NEWS
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.
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