NEW JERSEY

Now The Problem Is Corporate Profits!

Traders work on the floor of the New York Stock Exchange
The conclusion is that the equity market is cheap relative to earnings. Hence, the market is priced to absorb a potential softening in earnings rather than being priced to perfection.
State Corruption

Corruption Rampant In State Government, But New Jersey Does Best: Report

Lawmakers proposing bills that benefit their businesses; lobbyists wining and dining public officials; decisions that happen behind closed doors, far from the disinfecting light of public scrutiny. These are some common examples of unscrupulous politics that appear in a comprehensive new study of ethics in state government.
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Dharun Ravi (C), a former Rutgers University student charged with bias intimidation, departs the courtroom with lead defense attorney Steven Altman at the Superior Court of New Jersey in Middlesex County, New Brunswick, New Jersey

Dharun Ravi Guilty Of Hate Crimes Against Former Rutgers Roomate Tyler Clementi

Dharun Ravi, the Rutgers student charged with spying on his college roommate Tyler Clementi who was having a sexual encounter with another man and later committed suicide, has been found guilty of hate crimes, tampering with witnesses, lying to investigators and destroying evidence. He will face a sentencing hearing on May 21, 2012.
A parked 2008 Ford F-250 truck.

Ford Sued in Class Action for Defective Truck Fuel Tanks

Ford Motor Co. has been sued in a federal class action lawsuit for allegedly selling E and F series trucks, including its popular F-250 and F-350 Super Duty trucks, with a defect in their fuel tanks known of since 2007, a complaint filed in Federal court Wednesday said.
New frog found in New York

New Frog Species Discovered in NYC Concrete Jungle

Scientists discovered a new species of leopard frog in New York City’s concrete jungle and several surrounding counties. While most undiscovered species are found in remote areas, the surprising fact about this discovery is that it’s been in plain sight all along.
RIP Michael Hossack: Doobie Brothers’ Drummer Dies At 65

Doobie Brothers Michael Hossack: 5 Things To Know About The Late Drummer's Musical Career

Doobie Brothers drummer Michael Hossack died of cancer at the age of 65 on March 12, 2012. Hassock played in the band in from 1971 to 1973, and later from 1987 to 2012 for series of benefit concerts and reunion shows. The Paterson, New Jersey native almost chose a different line of work from music. Here are five things to know about his history with music and the Doobies.
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'American Idol' Ousts Jermaine Jones: From Frenchie Davis to Jennifer Hudson, 10 Shocking Eliminations

The gentle giant of American Idol was booted from the show this week after producers found out he had been concealing a criminal past. But Jones is not the first Idol contestant to be ousted for breaking the rules, nor is he the first elimination to prompt a furious fan reaction. From Frenchie Davis' ouster for an adult photo spread to Jennifer Hudson's surprise cut, here are the 10 most shocking eliminations in Idol history.
New York Fed president William Dudley

NY Area Manufacturing Grows Modestly

Manufacturing in the New York region increased in March at its fastest pace since June 2010, a New York Fed survey revealed Thursday, but a mixed bag of indicators in the survey showcased the still-tepid state of U.S. factory activity.
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Tax Break For Natural Gas Vehicles Blocked In Senate

The U.S. Senate Tuesday rejected a bipartisan proposal to provide tax incentives for natural gas vehicles, a plan seen by some as paving the way for reduced dependence on foreign oil but panned by conservative groups as an unnecessary subsidy.

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