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Inflation

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$1 Billion+ Contract Awarded To Replace AirTrain System At Newark Airport $1 Billion+ Contract Awarded To Replace AirTrain System At Newark Airport
$1 Billion+ Contract Awarded To Replace AirTrain System At Newark Airport The Port Authority announce it had awarded a $1.184 billion design-build contract for a new elevated rail structure and three new stations to replace the existing AirTrain system at Newark Liberty International Airport. The contract was awarded to Tutor Perini/O&G. The agency has now completed 80% of the procurement process needed to deliver a new modern, reliable AirTrain to replace the current one, which the Port Authority called "outmoded."  The existing AirTrain Newark opened for service in 1996 and has become outdated and unable to accommodate growing air travel demand at…

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by Sam Barron
News
Congestion Pricing: Murphy Opposes Hochul's Program Charging Drivers $9 In Parts Of Manhattan Congestion Pricing: Murphy Opposes Hochul's Program Charging Drivers $9 In Parts Of Manhattan
Congestion Pricing: Murphy Opposes Hochul's Program Charging Drivers $9 In Parts Of Manhattan New Jersey Governor Phil Murphy is pushing back against New York’s plan to revive the congestion pricing plan, expressing concerns about the impact on New Jersey commuters who regularly travel into Manhattan.  Governor Kathy Hochul's plan, which reduces daily congestion fees to $9 down from $15, aims to reduce traffic and fund transit improvements, but Murphy argues it unfairly targets New Jersey residents.  The plan would require motorists to face $9 tolls when entering certain parts of Manhattan known as the Congestion Relief Zone. The zone is comprised of Lower Manhattan south …

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by Cecilia Levine
News
Biden Raises $33M Since Debate, Admits To 'Poor Performance' At Murphy's Mansion Biden Raises $33M Since Debate, Admits To 'Poor Performance' At Murphy's Mansion
Biden Raises $33M Since Debate, Admits To 'Poor Performance' At Murphy's Mansion In a fundraising blitz, President Joe Biden's campaign for re-election has raised $33 million since last Thursday's debate, the bulk of that in New Jersey and New York, a spokesman said on Monday, July 1. That total includes "grassroots" money from small donors, a campaign aide said. Biden, 81, a Democrat, is being challenged by former President Donald Trump, 78, a Republican. Biden attended two fund-raising events in East Hampton, NY, on Saturday afternoon followed by a Saturday evening fund-raiser hosted by New Jersey Gov. Phil Murphy and his wife, Tammy, in Middletown. “I didn’t have a…

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by Jon Craig
News
PSE&G Proposes Lowering Gas Bills PSE&G Proposes Lowering Gas Bills
PSE&G Proposes Lowering Gas Bills PSE&G customers could be getting some relief in their bills. PSEG filed proposals with the New Jersey Board of Public Utilities to lower gas bills for residential customers by 6.1% effective October. “This is an opportunity to lower our gas supply rate, providing our customers with a little bill relief and helping to maintain affordability,” said Dave Johnson, vice president Customer Care & Chief Customer Officer. “We’re pleased that we will continue to have one of the lowest gas rates in the state.” If approved, the Basic Gas Supply Service (BGSS) rate will be reduced by almost 7 …

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by Sam Barron
News
No Raise Raises Ire Of NJ Transit Engineers On Brink Of Strike Vote (UPDATED) No Raise Raises Ire Of NJ Transit Engineers On Brink Of Strike Vote (UPDATED)
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…

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by Sam Barron
News
NJ Boardwalk Operator Banned 10 Years For Using Overinflated Basketballs, Posting False Prizes NJ Boardwalk Operator Banned 10 Years For Using Overinflated Basketballs, Posting False Prizes
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…

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by Jerry DeMarco
News
Tolls On Garden State Parkway, NJ Turnpike Rising For 3rd Consecutive Year Tolls On Garden State Parkway, NJ Turnpike Rising For 3rd Consecutive Year
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…

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by Jon Craig
Lifestyle
‘We Can’t Carry On:' Popular Flemington Restaurant Announces Permanent Closure After A Decade ‘We Can’t Carry On:' Popular Flemington Restaurant Announces Permanent Closure After A Decade
‘We Can’t Carry On:' Popular Flemington Restaurant Announces Permanent Closure After A Decade A popular Flemington breakfast, lunch, and dinner restaurant has announced its plans to shutter the store after more than a decade citing inflation, labor shortages, and more. Platform One & CTO Catering on Rt. 12 made an announcement on its Facebook page stating that its last day open would be Friday, Oct. 14. “We simply can’t carry on weathering the storm,” reads the post. “From food prices being three times higher than pre-Covid levels, labor shortages, utilities, gasoline, and mismanaged government funding, it’s finally a mountain that we can’t overcome.” Owned by award-winning C…

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by Valerie Musson
Business
Popular Sussex County Party Store Closing Brick-And-Mortar Space Citing Theft, Inflation Popular Sussex County Party Store Closing Brick-And-Mortar Space Citing Theft, Inflation
Popular Sussex County Party Store Closing Brick-And-Mortar Space Citing Theft, Inflation A popular party supply store in Sussex County is closing the doors of its brick-and-mortar space citing theft, inflation, and customer rudeness. The Sugar Sisters on Route 23 in Franklin will close its doors in September, the owners announced on Facebook on Sunday, July 24. “Lisa and I regretfully announce that we are closing the doors to our brick-and-mortar store,” reads the post. Meanwhile, everything is on sale “with the exception of a few select items” at the store, which has not raised its prices due to inflation, the post says. The owners cite family, theft, inflation, and increas…

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by Valerie Musson
News
Wall Street Investor With NJ Tie Predicts Economic Downfall Wall Street Investor With NJ Tie Predicts Economic Downfall
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 …

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by Nicole Acosta
News
Pauly D Talked Inflation On Fox News And The Internet Is Having A Field Day Pauly D Talked Inflation On Fox News And The Internet Is Having A Field Day
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 Drig…

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by Cecilia Levine