Tag:

Economics

NJ Pays More To Federal Gov't Than Any Other State — And Gets The Least Back, New Study Says NJ Pays More To Federal Gov't Than Any Other State — And Gets The Least Back, New Study Says
NJ Pays More To Federal Gov't Than Any Other State — And Gets The Least Back, New Study Says Some states in the Northeast and mid-Atlantic rely heavily on federal dollars, while others send far more to Washington than they get back, according to a new study. WalletHub released its 2025 list of Most & Least Federally Dependent States on Monday, Mar. 10. The study ranked all 50 states based on metrics like return on federal taxes paid, federal funding as a share of state revenue, and the percentage of federal jobs. The report showed a sharp divide in federal dependency across the US, with many Democratic-leaning states contributing more in taxes than they receive a…
Trump Wants US Treasury To Stop Making Pennies: Here's Why Trump Wants US Treasury To Stop Making Pennies: Here's Why
Trump Wants US Treasury To Stop Making Pennies: Here's Why President Donald Trump is calling for an end to the production of pennies, arguing that the cost of minting them far exceeds their actual value.  As he departed the Super Bowl in New Orleans on Sunday night, Trump took to Truth Social to announce his directive to halt penny production, calling it a "wasteful" government expense. "For far too long the United States has minted pennies which literally cost us more than 2 cents," Trump wrote. "Let's rip the waste out of our great nations budget, even if it's a penny at a time." The financial burden of the penny has long been debated. Acco…
Marriott Plans To Lay Off Over 800 Corporate Employees Marriott Plans To Lay Off Over 800 Corporate Employees
Marriott Plans To Lay Off Over 800 Corporate Employees Global hotel chain Marriott International is planning to lay off hundreds of employees by the start of the new year. According to a Maryland Work Adjustment and Retraining Notification (WARN) filing, the company, based in Bethesda, listed 833 people slated to lose their jobs by Wednesday, Jan. 3. Despite the development, Chief Executive Officer Anthony Capuano said business is solid. "Our business momentum is excellent, and as a company that embraces change, we continue to evolve our business to support our global growth," Capuano said in a third-quarter earnings call late last month,…
YouTube Video With 7.3M Views Becoming Hollywood Movie Was Filmed At Holland Tunnel YouTube Video With 7.3M Views Becoming Hollywood Movie Was Filmed At Holland Tunnel
YouTube Video With 7.3M Views Becoming Hollywood Movie Was Filmed At Holland Tunnel A young director's short film on YouTube with more than 7.3 million views that was filmed across New Jersey will soon be made into a major motion picture. According to Deadline, TriStar Pictures — a division of Sony Pictures Entertainment — purchased the rights to Wesley Wang's "nothing, except everything" following a bidding war. It will be produced by Darren Aronofsky and his company, Protozoa Pictures. The 12-minute 50-second movie is about a graduating high schooler navigating a "world of seemingly inevitable chaos by finding order in the number 7," according to the IMDB desc…
Fentanyl Dealer Charged In Rochelle Park Supply Chain Manager's OD Death: Prosecutor Fentanyl Dealer Charged In Rochelle Park Supply Chain Manager's OD Death: Prosecutor
Fentanyl Dealer Charged In Rochelle Park Supply Chain Manager's OD Death: Prosecutor A 29-year-old Paterson man has been charged with selling a 37-year-old Rochelle Park man the fentanyl that killed him, authorities announced. Police called to a home on Rochelle Avenue on Wednesday, July 10 just after 9:45 a.m., and found James A. Mara unresponsive and unconscious at the scene, Bergen County Prosecutor Mark Musella said. Mara was pronounced dead by paramedics. Indicators of a possible drug overdose were noted, and detectives from the Bergen County Prosecutor’s Office Narcotic Task Force were notified. Detectives found that Mara ingested fentanyl before his death,…
Kutztown University Professor Found Frozen To Death On One Of Turkey's Tallest Mountains Kutztown University Professor Found Frozen To Death On One Of Turkey's Tallest Mountains
Kutztown University Professor Found Frozen To Death On One Of Turkey's Tallest Mountains An associate business professor at Kutztown University has died after he and another man's bodies were found frozen on one of the tallest mountains in Turkey last weekend, according to university administrators and local news reports.  Dr. M. Halim Dalgin a 58-year-old Adana, a Turkey native living in Mountain Top, Luzerne County, had been climbing a mountain near the country's southeastern border with Iran, multiple outlets report.  On his Facebook page, Dalgin said he was making a pilgrimage to the top of Mount Ararat (also known as Mount Ağrı or Büyük Ağrı Dağı) while travelin…