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Saturday, apr 27
Tag:
Inflation
News
Atlantic City Airshow Will Take Flight In 2024, Financial Uncertainty Lingers In The Air
Atlantic City's popular air show has been saved for 2024 but questions about the event's future are flying above its head. In a news conference on Wednesday, Mar. 20, Mayor Marty Small Sr. officially announced the South Jersey Transportation Authority (SJTA) will provide $300,000 to fund the 2024 Visit Atlantic City Airshow. The free event is scheduled for Tuesday, Aug. 13, and Wednesday, Aug. 14. Organizers said inflation and lingering COVID-19 pandemic impacts created doubts about the 2024 show as early as July 2023. A news release announcing the event's cancelation was drafted and could …
Business
Popular Central Jersey Eatery Suspends Operations After 33 Years
A popular Central Jersey restaurant and bar is "suspending operations'' after 33 years in business. Buzzy’s Food & Spirits is shutting down this Saturday, Aug. 12, according to the co-owner. But "based on the outpouring of support" the restaurant could resume service later, possibly under new management, Rob Brownlie, the co-owner, said on Thursday, Aug. 10. "Nothing's final,'' Brownlie told Daily Voice. The 3,300-square-foot eatery is located at 200 Stelton Road in Piscataway. Buzzy’s is a nickname for the Bussiere family name. Bob and Rita Bussiere and their five childre…
News
No Raise Raises Ire Of NJ Transit Engineers On Brink Of Strike Vote (
Updated
)
Having not received a raise since before the pandemic, the 500 engineers employed by NJ Transit may soon be walking a picket line. The Brotherhood of Locomotive Engineers and Trainmen have called for a strike authorization vote. The locomotive engineers have been without a new contract since Oct. 2019 and remain stuck in mediation. "The absence of a pay raise during a period of high inflation has persisted for four years, which is too long," BLET National President Eddie Hall said. "Our members cannot continue working for subpar wages. They have had enough." Hall said with the except…
News
NJ Boardwalk Operator Banned 10 Years For Using Overinflated Basketballs, Posting False Prizes
A Jersey Shore game operator was banned from business for 10 years and fined $15,500 for over-inflating basketballs and displaying prizes that couldn’t be won, state authorities said. Some basketballs at games owned by Christine Strothers on the boardwalks in Wildwood and North Wildwood packed up to three times the amount of required pounds per square inch of inflation, state Attorney General Matthew J. Platkin said. This, as most players know, can make a ball ricochet wildly off a backboard or rim, the attorney general noted. Strothers also broke New Jersey’s amusement games lic…
News
Tolls Going Up On Atlantic City Expressway
Tolls on the Atlantic City Expressway are going up next year, officials said on Thursday, Nov. 17. Starting Jan. 1, 2023, cash tolls on the 44-mile Expressway’s Egg Harbor and Route 50 toll plazas will increase from $4.40 to $4.55 for a passenger vehicle. Expressway tolls are going up by 3% from year to year, said Kimberly Testa, a spokeswoman with the South Jersey Transportation Authority. Tolls for the average Expressway trip will go from $2.44 to $2.53, Testa said. SJTA officials cited inflation and increased expenses as reasons for the toll increase. The new toll rates are lower…
News
Tolls On Garden State Parkway, NJ Turnpike Rising For 3rd Consecutive Year
Tolls will increase on the New Jersey Turnpike and Garden State Parkway for a third consecutive year. The 3 percent toll hikes were originally approved in 2020. The latest hike was adopted on Tuesday, Oct. 25 as part of the 2023 budget, according to New Jersey Turnpike Authority spokesman Thomas Feeney. The $2.5 billion 2023 Turnpike Authority budget increased by 7.4% over 2022. The increase was attributed to “pressures on discretionary travel and costs due to an inflation rate of 8.3%, a level not seen in 40 years," the authority said in a memo. "The 2023 Annual Budget continues the…
News
Wall Street Investor With NJ Tie Predicts Economic Downfall
A Virginia-raised investor with a tie to New Jersey is going viral for his recent prediction on the status of the economy. “The economy is going to collapse,” Novogratz said in a Wednesday, June 15 interview with MarketWatch. “We are going to go into a really fast recession, and you can see that in lots of ways.” The Princeton University graduate's remarks came shortly before the Federal Reserve raised rates by 0.75 percent in an attempt to reduce inflation without going into a recession. Novogratz, CEO of cryptocurrency investment firm Galaxy Digital, cited layoffs in …
Business
Atlantic City Casino Hotel Workers Approve Strike
Thousands of casino-hotel workers in Atlantic City supported a strike in a vote, according to their union. The vote by members of Local 54 of the Unite Here union leaves exact logistics for a strike up to its contract negotiation team. They voted on Wednesday, June 15. They seek significant pay hikes in their contracts which expired on May 31, the union has said. A union leader said that 95 percent of the "several thousand" union members who voted supported a strike if new contracts are not reached by July. The vote authorized the negotiating committee to call a July 1 strike against…
News
Pauly D Talked Inflation On Fox News And The Internet Is Having A Field Day
Memes are here. MTV's "Jersey Shore" star DJ Pauly D knows a thing or two about inflation: That it's getting out of hand. At least, that's what he told Fox News' Jesse Watters on a segment that aired last week, where he also shared his thoughts on when kids should be kicked off their parents' payroll, tough love and — of course — tanning. The 5-minute interview with Pauly, whose real name is Paul Delvecchio, aired in late April, but gained traction among the youth this week. And the internet can't get enough. Ah yes, the inflation guru: DJ Pauly D. https://t.co/a3Ah6oJ4NG — Jeff Dri…
Business
Casino Hotel Workers Seek 'Significant' Pay Hikes In Atlantic City Contract, Union Says
More than 10,000 casino-hotel workers in Atlantic City are seeking significant pay hikes upon the expiration of their contracts on May 31, according to their union. "We haven't even started bargaining with the companies," said Bethany Holmes, a spokeswoman for Local 54 of Unite Here, the main union representing workers at nine Atlantic City casinos. It's too soon to say whether casino workers would walk out on their jobs if an agreement can't be reached. Holmes declined to say how much of a raise the union is seeking but said it's meant to keep up with inflation and the cost of…
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