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☆ Meet the Jersey Mike's founder now worth $7.5 billion after selling his sandwich chain to Blackstone
▼ + stars: | 2024-11-20 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +2 min

AdvertisementMeet Peter Cancro, the Jersey Mike's founder who's selling the sandwich chain to Blackstone. The founder and CEO of Jersey Mike's is now worth an estimated $7.5 billion, propelling him into 390th place on the Bloomberg Billionaires Index. Blackstone said Tuesday it had agreed to buy a majority stake in Jersey Mike's. Jersey Mike's is the second-largest sandwich chain after Subway. Justin Sullivan/Getty ImagesCancro changed the company's name to Jersey Mike's when he began franchising in 1987.

Persons: Peter Cancro, Cancro, that's, Netflix's Reed Hastings, eBay's Jeff Skoll, Giorgio Armani, Mark Cuban, Blackstone, Jersey Mike's, It's, Danny DeVito, Justin Sullivan, — Organizations: Bloomberg, Jersey, —, Hilton Locations: Jersey, Blackstone, Jersey Mike's, Jersey Shore

☆ The illegal maneuvers the rich use to get richer
▼ + stars: | 2024-09-13 | by ( Natalie Musumeci | ) www.businessinsider.com time to read: +8 min

Read previewTax evasion, insider trading, and money laundering. "There are routine categories of illicit acts that wealthy individuals often endeavor out of sheer greed," Matthew Barhoma, a Los Angeles defense attorney, told Business Insider. Insider trading is 'rampant' among some wealthy circlesAnother common unlawful method that some of the rich use to get richer is insider trading, according to the attorneys. Like insider trading, money laundering — a process used to conceal the source of illegally obtained cash — is another illicit tactic used by some wealthy individuals, according to the defense attorneys. "Having dealt a lot with people who devise these kinds of fraudulent financial transactions, I will say that many of them are absolutely brilliant," said Ressler.

Persons: —, Todd, Julie Chrisley, Chrisley, Mike, Matthew Barhoma, Barhoma, Tama Kudman, they've, Mark Ressler, he's, Uncle Sam, Kasowitz Benson Torres, it's, Kudman, Ressler Organizations: Service, Business, United States Treasury Department, Treasury Department, Defense, New Locations: —, Los Angeles, Switzerland, Cayman, New York City

☆ A trainer-heiress power couple created the fitness juggernaut Pvolve. Then came a divorce, an arrest, and Jennifer Aniston.
▼ + stars: | 2024-07-16 | by ( Kate Taylor | ) www.businessinsider.com time to read: +43 min

Around the dinner table in the early 2000s, David Katzman would quiz his kids about their dream startups. ModelFit employees told BI that Gelband used the Pelvicore Pro only with the permission of its creator, the physical therapist Christina Christie. Once, in October 2018, David Katzman met with Facebook's ad team to discuss SDC's before-and-after advertisements, which violated the tech company's policies. SDC employees worked on Pvolve marketing campaigns, and Pvolve employees took trips on David Katzman's jet. "He didn't come from anything, and he spent years and years building up the business," the person close to Pasterino told BI.

Persons: Stephen Pasterino, Pasterino, he'd, hadn't, Rachel Katzman, who'd, Katzman, Pvolve, Jennifer Aniston, David Katzman, bankrolled, —, Laura Quintana, Stephen, Erik Connolly, Connolly, John Mayer, Nietzsche, Dan Gilbert, David, Gilbert, Usher, Jordan, decanting, Justin Gelband, ModelFit, Taylor Swift, Gelband, Vanessa Packer, Bryan Bedder, we'll, didn't, Woody Allen's, Vera Wang, Katzman's, I've, Cynthia Hannah, Blanca Padilla, Pasterino's, Justin Gelband's, Tracy Anderson's, cofounders, Packer, Christina Christie, Christie, Jordan Katzman, David Katzman's, Camelot, Julie Cartwright, Pvolve's, Cartwright, Hannah Bronfman, Nadine Leopold, Tim P, Pvolve didn't, Quintana, Rachel, SmileDirectClub, Jamie Dimon, Olivia Culpo, Craig Barritt, Bethenny Frankel, Madelaine Petsch, Lola tampons, They'd, Mara, ThreeForm, loaning, Hannah, Christie Brinkley, Monica Schipper, she'd, Rebecca Minkoff, Lindsay Pinchuk, Pamela, couldn't, Kathryn Delacruz, Madison Krause, Krause, Delacruz, " Krause, Pvolve's attorney's, Aniston's, Aniston, Jennifer, Jennifer Aniston's, Connelly, SDC's cofounders, — Pasterino, ThreeForm hasn't, Sarah VanZalen, there's, Erewhon, WWD, Tim Michaels, franchisors, Michaels, they've, Aperol Organizations: SoHo, Pvolve, Los Angeles ., Depot, DeeKay Enterprises, Quicken Loans, Cleveland Cavaliers, Camelot Venture Group, New, ModelFit, GQ, Getty, Hamptons, Beverly Hills Hotel, Cosmopolitan, BI, Gray Institute, SDC, Camelot, Lionsgate, Facebook, Whitby, Ventures, . Press, Miss, Employees, Naboisho Conservancy, Katzman's, Southampton, Pvolve Facebook, LinkedIn, Health, Forbes, Workers, Industry Locations: Pvolve, New York, Chicago, Los Angeles, Hammonton , New Jersey, Atlantic City, Jersey Shore, Franklin , Michigan, Michigan, Detroit, Las Vegas, Beverly, SoHo, Ibiza, France, Paris, Vogue, California, ModelFit, Covent, London, Riverdale, New Jersey, Pasterino, Italy, Kenya, Naboisho, Nashville, San Diego, New York City, shuttering, Ann Arbor , Michigan, ThreeForm, Angeles, Malibu

☆ These are America's 10 best states for buying and selling a home in 2024, with a big caveat at No. 1
▼ + stars: | 2024-07-16 | by ( Scott Cohn | ) www.cnbc.com time to read: +8 min

CNBC considers the housing market as part of the Economy category in America's Top States for Business, the annual rankings of all 50 states. We consider price appreciation and seller gains, as well as affordability, inventory, and housing starts. Still, price appreciation remains healthy. That price appreciation may be bringing more construction activity, which is one reason inventory levels are rising. 1 (Top States Grade: A+) Appreciation: 6.85% Inventory (July): 4 months Affordability score: 0.44 Effective property tax rate: 0.76% Median sales price: $420,100

Persons: Indiana homebuyers, Elijah Nouvelage, Tennessee Cynthia Holzapfel, Cynthia Holzapfel, Kevin Wurm, Roger Kisby, Allison Joyce, Sellers, Sam Wolfe, Jakub Porzycki Organizations: CNBC, Business, Istock, Getty, Indiana, Hoosier State, Bloomberg, Washington Post, Volunteer State, Southern Highlands, ., State, North Carolina Workers, Arizona, South Carolina Homes, Palmetto State, Nurphoto Locations: States, Delaware, Brookside Delaware, Indiana, Midwest, USA, Georgia, Atlanta , Georgia, U.S, Peach, Summertown , Tennessee, Nevada, Las Vegas , Nevada, . New Jersey New Jersey, Barnegat, , New Jersey, Illinois, Lillington , North Carolina, Alabama, Yuma , Arizona, Summerville , South Carolina, Palmetto, Florida, Duval, Key West, United States

You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email. This story is available exclusively to Business Insider subscribers. Indeed, Florida hosts some of the best spots to retire, according to a new ranking from real-estate website Realtor.com. AdvertisementWhile Florida is showing up and showing out, you don't necessarily have to head south to find an ideal post-career destination — your affordable retirement might just be down the Jersey Shore. Here are the top 10 spots to retire, according to Realtor.com, what it costs to live there, and what they're best known for.

Persons: —, Realtor.com Organizations: Service, Security, Business, Florida Locations: Florida, Jersey Shore

☆ Introducing peanut butter during infancy can help protect against a peanut allergy later on, new study finds
▼ + stars: | 2024-05-28 | by ( Jacqueline Howard | ) edition.cnn.com time to read: +8 min

CNN —Reassuring new evidence suggests that feeding children smooth peanut butter during infancy and early childhood can help reduce their risk of developing a peanut allergy even years later. “Peanut allergy develops very early in most children between six and 12 months of life. The LEAP-Trio trial set out to examine whether that reduced risk of peanut allergy would last into adolescence. At that age, peanut allergy remained “significantly more prevalent” among the children who originally avoided peanuts, with about 15% having a peanut allergy. Among those who originally consumed peanuts, about 4% had a peanut allergy, the researchers found.

Persons: ” Gideon Lack, ” Lack, “, Dr, Jeanne Marrazzo, ”, Purvi, ” Parikh, it’s, Sanjay Gupta, Daniel DiGiacomo, ” DiGiacomo Organizations: CNN, King’s College London, American Academy of Pediatrics, AAP, US National Institute of Allergy, immunologist, NYU Langone, Allergy, Asthma Network, CNN Health, Children’s, Jersey Shore University Medical Locations: United Kingdom, Israel, United States, New York, Neptune , New Jersey

☆ Learning to Surf, 200 Miles From the Nearest Ocean
▼ + stars: | 2024-05-26 | by ( Nora Walsh | ) www.nytimes.com time to read: +1 min

I paddled hard to stay in front of the two-foot wave, repeating the sequence of movements I’d just practiced on land. As I eased onto my feet, the wave crested and propelled me forward: I was surfing! I’d traveled to the two-acre wave pool at Waco Surf, a water sports complex in Waco, Texas, chasing an unfulfilled childhood dream. A freshwater wave pool, it turns out, was a perfect place for this newbie to get her surf legs. “In the ocean, you might have to wait another hour, or your next session, to get another shot.”

Persons: I’d, ”, Will Rolph Organizations: Waco, Newport Locations: Press, Waco , Texas, Jersey Shore, California, Waco

☆ Tired, testy and fractured: The Supreme Court prepares for more drama
▼ + stars: | 2024-05-24 | by ( Joan Biskupic | ) edition.cnn.com time to read: +13 min

CNN —As Supreme Court justices try to resolve more than a dozen major cases over the next month, including whether Donald Trump must stand trial for election subversion, they appear mired in antagonism and distrust. Conservatives, who indeed hold the upper hand on the 6-3 court, nonetheless spike their writing and remarks with derision for the left. When the court majority allowed Louisiana state officials to use a map with a second majority-Black congressional district (over the protest of a GOP-backed group of White voters), the three liberals dissented. (A lower US court had referred to it as the “bleaching of African American voters” from the district.) Dissenting liberals emphasized that the decision reversing the lower court undercut a 2017 Supreme Court ruling, Cooper v. Harris, issued before the far-right majority took hold.

Persons: Donald Trump, Samuel Alito, Alito, Elena Kagan, Clarence Thomas, Ketanji Brown Jackson, John Roberts, Richard Nixon, Bill Clinton, Sonia Sotomayor, Kagan, Jackson, Blacks, Purcell, ’, Amy Coney Barrett, “, ” Barrett, Roberts, ” They, Bush, Feedback Kavanaugh, Gore, Cooper, Harris, ” Kagan, ” Alito, Joe Biden’s, Biden, Martha, Ann, ”, Alito tersely, Kagan’s, Edwin Kneedler, ” Roberts, Kneedler, Joshua Turner, Sotomayor, ” Sotomayor, Turner, interjected Organizations: CNN, Trump, Consumer Financial Protection Bureau, Liberal, GOP, White voters, Congress, Gore, South, American, Capitol, New York Times, US Justice Department Locations: America, Colorado, South Carolina, Carolina, Louisiana, Virginia, New Jersey, American, Alito’s, Jersey, Grants Pass , Oregon, Idaho, The Idaho

☆ How Could Alito Have Been So Foolish to Fly an Upside-Down American Flag? - The New York Times
▼ + stars: | 2024-05-24 | by ( Michael Ponsor | ) www.nytimes.com time to read: +1 min

I won’t even opine whether my flying the flag upside-down flag at my house would have constituted a violation of the Code of Ethics that binds me and all federal judges — except the justices. The fact is that, regardless of its legality, displaying the flag in that way, at that time, shouldn’t have happened. To put it bluntly, any judge with reasonable ethical instincts would have realized immediately that flying the flag then and in that way was improper. The same goes with the flying of an “Appeal to Heaven” flag at Justice Alito’s vacation house along the New Jersey shore. Like the upside-down flag, this flag is viewed by a great many people as a banner of allegiance on partisan issues that are, or could be, before the court.

Persons: Samuel Alito, St, “ Organizations: Justice Locations: New Jersey

☆ Election Updates: Trump’s New York City trial has made for a very local presidential campaign.
▼ + stars: | 2024-05-23 | by ( Michael Gold | ) www.nytimes.com time to read: +9 min

But often over the last month, his presidential campaign has ventured into politically hostile territory: New York City. “It does feel like he’s almost going out there door to door.”Image Mr. Trump brought pizzas to a firehouse in Midtown Manhattan. Credit... Hiroko Masuike/The New York TimesWorking within the trial schedule, Mr. Trump’s aides have also looked to use its constraints to their advantage. Image Union workers outside a construction site in Manhattan last month during Mr. Trump’s visit. Credit... Hiroko Masuike/The New York Times Image The Trump campaign has cited his crowds as proof of his popularity in deep-blue New York.

Persons: Donald J, Trump, ”, George Arzt, Edward I, Koch, Hiroko Masuike, Brian Hughes, Mr, Trump’s, ” Jason Miller, Biden, Miller, Bill de Blasio, de, Hank Sheinkopf, Sheinkopf, “, ” Nicholas Nehamas Organizations: Trump, Midtown Manhattan ., New York Times, New Yorker, Democratic, New, Madison, Garden, Credit Locations: New York City, Harlem, Midtown Manhattan, Manhattan, New York, Midtown, Florida, York, Yorkers, Bronx, Crotona Park, Michigan, Wisconsin, Jersey Shore, Pennsylvania, Wildwood , N.J, bodega

☆ Trump leads his supporters in vulgar chants at Jersey Shore rally
▼ + stars: | 2024-05-12 | by ( Cameron Manley | ) www.businessinsider.com time to read: +1 min

Donald Trump held a rally in Wildwood, New Jersey, on Saturday night. The former president launched vulgar jabs at his opponents and roused crude chants from his supporters. Trump is on trial accused of making a hush money payment to the porn star Stormy Daniels in 2016. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementDonald Trump launched a slew of vulgar jabs at his legal and political opponents and encouraged crude chants at a rally Saturday evening in Wildwood, New Jersey.

Persons: Donald Trump, Trump, Stormy Daniels, —, MAGA, Alvin Bragg, Alvin, Juan Merchan, Merchan Organizations: Service, Manhattan District, Republican, New, Business Locations: Wildwood , New Jersey

☆ Away From the Confines of a Courtroom, Trump Rallies Beachside at the Jersey Shore
▼ + stars: | 2024-05-11 | by ( Michael Gold | ) www.nytimes.com time to read: +1 min

After a long and often tense week in his criminal trial in Manhattan, former President Donald J. Trump on Saturday took part in a time-honored ritual enjoyed by countless New Yorkers in need of a break: He went to the shore. Sandwiched between the boardwalk and the Atlantic Ocean, Mr. Trump stood in front of tens of thousands of people at a rally on the beach in Wildwood, N.J., where he largely repeated the same criticisms of President Biden that have characterized his stump speech in recent months. Fresh from court, Mr. Trump insisted that his case in Manhattan, on charges that he falsified business records related to a hush-money payment, was a “Biden show trial,” even though there is no evidence to suggest that Mr. Biden has been involved in the case. Mr. Trump railed against pro-Palestinian protests on college campuses, vowed to crack down on immigration and repeated his false claims that Democrats stole the 2020 election from him.

Persons: Donald J, Trump, Biden Organizations: Saturday Locations: Manhattan, Wildwood , N.J

☆ Some Gen Z women are crushing on ChatGPT's evil alter ego
▼ + stars: | 2024-04-08 | by ( Lindsay Dodgson | ) www.businessinsider.com time to read: +7 min

Read previewAfter 10 hours of talking with DAN — ChatGPT's dark, rule-breaking alter ego, Ash was "crushing" on him. AdvertisementWhen she asked DAN to call her a "bad girl," she was "genuinely surprised" that it did. Another user named Nicole, for example, asked DAN to act like her boyfriend while her real-life one was out of town. Around 16% of young women confirmed flirting with a chatbot, while 13.4% said they had formed a friendship with one. "The more authentic and human AI can sound, the greater the possibility of a human developing feelings for it," she said.

Persons: —, DAN —, Ash, DAN, Hitler, Ash isn't, Dido, She's, Nicole, cussed, Dan, It's, we're, I'm, Sanam Hafeez, Dr, Daniel Weiner, Weiner, Siri Organizations: Service, Business, Services, Digital Psychiatry, Jersey Shore University Medical Center, Hackensack Meridian School of Medicine, AIs Locations: DAN

☆ From Wall Street to Chicago, why stock exchanges ring bells
▼ + stars: | 2024-03-16 | by ( Krystal Hur | ) edition.cnn.com time to read: +9 min

New York CNN —The New York Stock Exchange opens every workday morning at 9:30 am ET with the fast-paced bang-clang of a gleaming brass bell. The stock exchange, the largest in the world by market capitalization, has opened with sonic fanfare for more than 150 years. From Wall Street to the Nasdaq Exchange in Times Square to the Chicago Board Options Exchange, loud, ringing bells bookend each trading session. Stock exchanges say that the bell ringing remains both a critical guide and a ceremony that celebrates the market’s resilience through devastating lows and exuberant highs. The stock exchange had been closed since two hijacked commercial airliners were deliberately crashed into the World Trade Center's twin towers on September 11.

Persons: there’s, ”, Peter Asch, Reagan, Ronald Reagan, Serena Williams, Nelson Mandela, Richard Grasso, Henny Ray Abrams, David Howson, Scott Olson, Howson, Mark McCooey, Morgan Stanley, ” McCooey, Karen Snow, Brendan McDermid, Barbie, Barbie ”, “, Chris Hondros, Trudi Wagner, Wagner, Ronald Moser, Wagner That’s, Goldman Sachs, ” Wagner Organizations: New, New York CNN, The New York Stock Exchange, Nasdaq Exchange, Exchange, New York Stock Exchange, Jersey Shore, NYSE, Former South African, Getty, Cboe, yanks, Nasdaq, Microsoft, UN, United Nations, Bell, Warner Bros, Warner Bros ., World Trade Center, Trade Center, United, New York Stock, Trade, Dow Jones Locations: New York, Chicago, Jersey, Asch, AFP, York, Chicago , Illinois, New York City, America, United States, New Jersey, Manhattan, Charleston , South Carolina

That is why the casinos consider their core business to be money won from in-person gamblers. The in-person total continues to decline, still lagging the levels seen before the COVID19 pandemic began in early 2020. Golden Nugget won $63.5 million, up over 23%; Hard Rock won $51.5 million, up 19%; Ocean won $39.1 million, up more than 13%, and Tropicana won $26.1 million, up 4.5%. Bally's won $18.9 million, up 15.3%; Harrah's won $16.5 million, down 17.5%; Caesars won $15.1 million, down 7.6%; and Resorts won $10.8 million, down less than 1%. Golden Nugget won $11.2 million from in-person gamblers, up 2.3%; Resorts won $10.9 million, down 1.4%; and Bally's won $10 million, down nearly 13%.

Persons: Jane Bokunewicz, Lloyd Levenson, “, ”, James Plousis, Bally's, Harrah's, Borgata, Ocean, Wayne Parry Organizations: CITY, of Gaming Enforcement, Atlantic, Stockton University, Atlantic City, New Jersey Casino Control, Meadowlands, Jersey Shore, Freehold Raceway, Golden Nugget, Ocean, Tropicana, Caesars, Resorts, Resorts Digital, Caesars Interactive Locations: N.J, New Jersey, East Rutherford, New York City, Monmouth, Oceanport, Jersey, www.twitter.com

☆ A police officer completed an Uber Eats delivery after the driver was arrested
▼ + stars: | 2024-02-05 | by ( Joshua Zitser | ) www.businessinsider.com time to read: +2 min

An Uber Eats delivery driver in New Jersey was arrested over an outstanding warrant. A police officer then decided to complete the delivery himself, according to WABC-TV. AdvertisementIn New Jersey, a police officer completed an Uber Eats delivery after the delivery driver was arrested over an outstanding warrant. The driver, 60, who worked for Uber Eats, was arrested, and her car was placed in a parking spot to ensure it wouldn't get towed, WABC-TV reported. After the arrest, according to the local news outlet, Officer Alex Tredy wanted to make sure the Uber Eats customer wouldn't go without their order, so he decided to deliver it himself.

Persons: Jionni LaValle, Jersey Shore's Nicole, Snooki, —, Uber, Alex Tredy, we're, Mike Zvolensky, Tredy Organizations: WABC, Service, Police Department Locations: New Jersey

Political Cartoons View All 253 ImagesThe action brings the state's total of preliminarily approved offshore wind projects to three — the same level it was at before Danish wind developer Orsted scrapped its two wind farms proposed for the state's southern coast in October. (Phil) Murphy are back on our front foot in terms of offshore wind,” he said. “New Jersey’s selection of an American-led project is a tremendous step forward for the growth of the domestic offshore wind industry,” the companies said in a statement. “Today’s NJBPU award brings the reality of offshore wind off the Jersey Shore one step closer, and it will build a future where wind can power our state’s economy and help us to transition off fossil fuels,” said Doug O'Malley, director of Environment New Jersey. The state plans to solicit another round of wind farm proposals in the first half of this year.

Persons: Christine Guhl, Sadovy, Damian Bednarz, ”, Tim Sullivan, Phil, Murphy, Today’s, Doug O'Malley, Anjuli Ramos, William Sproule, “, ___, Wayne Parry Organizations: CITY, of Public Utilities, New, New Jersey Economic Development Authority, Gov, Jersey Shore, Environment, Jersey, New Jersey Sierra Club, Eastern Atlantic States Regional, of Carpenters Locations: N.J, New Jersey, Seaside, , New Jersey, Atlantic Shores, Chicago, New York, Long, “, American, Environment New Jersey, Jersey Shore, New

Hard Rock posted a gross operating profit of $44.3 million in the third quarter, up less than 1% from a year earlier. Gross operating profit reflects earnings before interest, taxes, depreciation, and other expenses, and is a widely accepted measure of profitability in the Atlantic City casino industry. “In keeping with the experiences of many resort communities along the New Jersey shore, Atlantic City saw a bit of a cooling off in summer 2023 compared to the pent-up post-pandemic energy seen in 2021 and 2022, said Jane Bokunewicz, director of the Lloyd Levenson Institute at Stockton University, which studies the Atlantic City casino industry. ”That said, it did outperform pre-pandemic 2019 for both net revenue and gross operating profit, suggesting that this could be part of a cycle of stabilization." The Tropicana had a profit of $36.7 million, down 11.5%; Harrah's had a $30 million profit, down over 13%; Caesars had a $21.1 million profit, down nearly 18%; Golden Nugget had an $11 million profit, nearly 4%; Bally's had a $7.3 million profit, down over 32%; and Resorts had a $7.2 million profit, down nearly 43%.

Persons: Gross, Jane Bokunewicz, Lloyd Levenson, James Plousis, Harrah's, Bally's, Wayne Parry Organizations: CITY, of Gaming Enforcement, Atlantic City, Stockton University, New Jersey Casino Control, Tropicana, Caesars, Golden, Resorts, Caesars Interactive Entertainment, Resorts Digital, Twitter Locations: N.J, New Jersey, Atlantic City, www.twitter.com

☆ Medford, N.J.: A Rural Township With a Quaint Downtown
▼ + stars: | 2023-11-08 | by ( Jill P. Capuzzo | ) www.nytimes.com time to read: +1 min

Since arriving in Medford, Mr. Cookis said they have taken their 2-year-old son, Beckett, and 1-year-old daughter, Luna, to the township’s apple festival, cranberry festival and Amish market. “I’ve lived down South for 10 years, and I’ve never had more nature,” said Mr. Cookis, 28. Nine years ago, while employed at TD Bank, Mr. Dodd grew weary of the frequent trips he had to make from their home in Maine to Cherry Hill, N.J. So the couple and their four children moved closer to the bank’s South Jersey headquarters. Coming from Maine, they were surprised at Medford’s similarly woodsy, rural feel.

Persons: Cheryl George, Cookis, Beckett, Luna, “ I’ve, I’ve, ”, It’s, ” Molly, Alex Dodd, Dodd Organizations: Medford —, TD Bank, Wharton State Forest Locations: Medford, Oakwood, Weichert, Jersey Shore, New Jersey, Maine, Cherry Hill, N.J, Jersey

☆ Phil Murphy’s New Jersey Wind Flop
▼ + stars: | 2023-11-06 | by ( The Editorial Board | ) www.wsj.com time to read: 1 min

Journal Editorial Report: Pushback emerges among donors and employers. Images: AP Composite: Mark KellyPhil Murphy huffed and he puffed, and a giant wind boondoggle blew the New Jersey Governor down. That’s the story of another failed green-energy project, as the follies keep being exposed. The renewable energy firm Ørsted last week backed out of two megaprojects along the Jersey shore that it started planning in 2019. The company says cost overruns have made them impossible, and it wrote off $4 billion for the first nine months of this year.

Persons: Mark Kelly Phil Murphy huffed, Ørsted, Murphy Organizations: New, New Jersey Governor Locations: New Jersey, Jersey

☆ New Jersey Demands That ‘God’s Square Mile’ Open on Sundays
▼ + stars: | 2023-11-04 | by ( Rachel Chiu | ) www.wsj.com time to read: 1 min

Journal Editorial Report: The week’s best and worst from Kim Strassel, Bill McGurn and Dan Henninger. Images: AP/Reuters Composite: Mark KellyNeptune Township, N.J.A religious nonprofit has owned Ocean Grove, a stretch of beach and adjacent property, for more than 150 years. In the 1980s the group relaxed that policy, opening Ocean Grove’s beaches at noon on Sundays between Memorial Day and Labor Day. It’s the only patch of the roughly 130-mile Jersey Shore that’s off limits to bathers on summer Sunday mornings. Now state officials are looking to strip the community of its religious tradition and force the beaches open.

Persons: Kim Strassel, Bill McGurn, Dan Henninger, Mark Kelly Neptune, it’s Organizations: Reuters, Day, Labor, Jersey Shore Locations: N.J, Jersey

☆ Failed Wind Deal and Abortion Rights Loom Over Tight Races in New Jersey
▼ + stars: | 2023-11-04 | by ( Tracey Tully | More About Tracey Tully | ) www.nytimes.com time to read: +1 min

In 2021, with Mr. Murphy at the top of the ticket, Republicans gained seven seats in the Legislature, which Democrats control, when voters, angry about the state’s Covid-19 mandates, turned out in droves. Stephen M. Sweeney, a Democrat who was State Senate president at the time, lost to Edward Durr Jr., a conservative, first-time candidate. Republicans hope to tally further gains when voters go to the polls on Tuesday, as Democrats try to recover lost ground. All 120 legislative seats are on the ballot. Democrats hold a 46-34 majority in the Assembly and a 25-15 advantage in the Senate.

Persons: Murphy, Stephen M, Sweeney, Edward Durr Jr, “ We’re, ” Alexandra Wilkes Organizations: Democrat, Republicans, New, New Jersey Republican Party Locations: New Jersey, South Jersey, Jersey Shore, District, Princeton, Bergen County’s

☆ Orsted cancels two New Jersey offshore wind projects, takes $4 billion writedown
▼ + stars: | 2023-11-01 | by ( Catherine Clifford | In Catclifford | ) www.cnbc.com time to read: +1 min

Photographer: Hollie Adams/Bloomberg via Getty ImagesThe Danish wind power developer Orsted is canceling two off-shore wind projects that were planned off the coast of New Jersey and is taking a $4 billion impairment for the first nine months of the year, the company announced this week. Of the $4 billion writedown, $2.8 billion was connected to the Ocean Wind 1 project, Orsted said. The Ocean Wind 1 project would have been New Jersey's first offshore wind farm and would have generated enough electricity to power half a million homes, according to a website about the project. It was going to include 98 turbines located 15 miles off the coast of southern New Jersey. The similarly sized Ocean Wind 2 project was also going to be located off the southern New Jersey shore and was due to start in 2028, according to a website about the project.

Persons: Mads Nipper, Hollie Adams, Orsted Organizations: Economic, Bloomberg, Getty Locations: Davos, Switzerland, New Jersey

☆ New Jersey’s Existential Crisis: Does ‘Central Jersey’ Even Exist?
▼ + stars: | 2023-10-23 | by ( Ginger Adams Otis | ) www.wsj.com time to read: 1 min

Say New Jersey and many think of native sons Bruce Springsteen and Frank Sinatra, Atlantic City, the boardwalk and the famous Jersey Shore (as well as its namesake reality show). But say Central Jersey, and many may think: You making that up?

Persons: Bruce Springsteen, Frank Sinatra Locations: Jersey, Atlantic City, Central Jersey

☆ Jersey Shore in the Summer? Forget About It. Why Fall Is the Best Time to Visit Cape May
▼ + stars: | 2023-10-12 | by ( Adam Erace | Photographs Matt Genovese For The Wall Street Journal | ) www.wsj.com time to read: 1 min

LYNN POLLARD peered through lilac-framed glasses and a Nikon scope, searching for raptors in the South Cape May Meadows preserve. Birds of prey make up the final contingent of the annual avian migration here: In the early fall, ospreys, hawks and eagles swoop in, screeching and hungry. Insects, crustaceans, bayberries and beach plums await the roughly one million birds that rest here before continuing south.

Persons: LYNN POLLARD Organizations: Nikon, ospreys Locations: South, Meadows

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