Adviser to Pro Athletes Serves Everyday Investors

Peter Grandich and Jets great Joe Klecko at the office of Peter Grandich & Co., Spring Lake

If you’re a fan of business news on television, you probably remember Peter Grandich.  The former Wall Street Wiz Kid came to fame by boldly, and correctly, predicting the stock market crash of 1987 that few saw coming.

Grandich resisted the pressure from his bosses on Wall Street to withdraw his prediction and suffered the ridicule of many on the street and in the media…until he was proven to be correct.  Then he was on his way to fame and fortune. Literally.

Today Grandich can’t get an invitation to a Wall Street Christmas party, never mind a segment on Cavuto. Not that he cares.  He believes and is not shy about saying that most on Wall Street are fooling themselves. Grandich proclaims that trying to beat the market is a fool’s errand.   Buy low cost index funds is his suggestion to the vast majority of investors.

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40 people arrested in massive N.J. child porn crackdown

TRENTON — State authorities have arrested 40 people hailing from every county in New Jersey following a large-scale child pornography crackdown. Authorities are scheduled to detail the arrests at an 11 a.m. press conference at the State Police technology complex in Hamilton. All of the defendants were charged with possession of child pornography, and most were… Read the rest of this entry »

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N.J. avoids credit rating downgrade despite pension, road funding woes

TRENTON — A Wall Street ratings agency on Monday left New Jersey’s credit rating unchanged though it’s “cautious” on the state’s ability to meet its revenue forecasts this year. Fitch ratings noted that despite the state’s more conservative revenue forecasting in recent years — a departure from years of overly optimistic estimates that left big holes… Read the rest of this entry »

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O’Scanlon addresses his critics regarding his declining to vote on the Assembly gas tax bill

Assemblyman Declan O’Scanlon, the Republican Budget Officer in the Assembly and a representative of northern Monmouth County in the lower house of the legislature has taken some criticism here in the MMM comments and on facebook for not voting on the Transportation Trust Fund bill that was sprung on the Assembly by Speaker Vincent Prieto and Governor Chris Christie in the middle of the night on June 30.  The bill, which would have increased the gas tax by $.23 per gallon and lowered the state sales tax from 7% to 6% passed in the Assembly and was never voted on by the Senate.

Now almost six weeks later with the TTF still not renewed and road projects stalled throughout the state, O’Scanlon said that he believes “even more strongly that my decision was exactly the right one.”

O’Scanlon issued the following statement to MMM to explain his decision not to vote on the Assembly TTF bill:

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Curley: Control of Fort Monmouth should transfer to County, Towns along with the deed

By Monmouth County Freeholder John P. Curley

Freeholder John P. Curley

In 2010, Governor Chris Christie signed into law the Fort Monmouth Revitalization Authority Act therefore, evolving into the Fort Monmouth Revitalization Authority, FMERA. As stated in their annual report, FMERA is to “provide investment continuity and economic growth to the communities impacted by the federal government’s decision to close Fort Monmouth”. The original plan addressed the 1126 acres in Eatontown, Oceanport, and Tinton Falls.

The Monmouth County Improvement Authority will be sanctioned by the Monmouth County Board of Chosen Freeholders to bond 33 million dollars for the Phase II redevelopment effort at Fort Monmouth. This bonding will provide for a direct purchase (transfer) of the remaining 560 acres in the Borough of Oceanport and the Borough of Eatontown, from the Department of the Army to a state created entity, the Fort Monmouth Economic Revitalization Authority, FMERA.

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Lawyers demand statewide review of cases for faulty DNA, hair evidence

FREEHOLD — Attorneys for a Long Branch man who was convicted 24 years ago of sexual assault based partially on faulty evidence from a New Jersey State Police analyst are calling for the state Attorney General’s Office to investigate whether other people may have been wrongly imprisoned by his testimony. The state’s top law enforcement officer… Read the rest of this entry »

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President Obama commutes sentences of 3 N.J. prisoners

WASHINGTON — Three New Jersey men convicted of drug-related crimes will be released from prison on Dec. 1 after President Barack Obama on Wednesday commuted their sentences. In total, Obama commuted the sentences of 214 prisoners across the nation. White House counsel Neil Eggleston said the prisoners had been put behind bars “under outdated and duly… Read the rest of this entry »

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Appeals court refuses to toss charges against Bob Menendez

PHILADELPHIA — A federal appeals court on Friday refused to dismiss corruption charges against U.S. Sen. Bob Menendez of New Jersey. The 3rd U.S. Circuit Court of Appeals in Philadelphia ruled against arguments from the indicted Democrat’s attorneys that charges he accepted gifts in exchange for political influence should be tossed because of a constitutional clause… Read the rest of this entry »

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Dead whale in Hudson River to be towed out to sea for disposal: Army Corps of Engineers

JERSEY CITY — A dead whale that surfaced in the Hudson River earlier this week just off Caven Point in Jersey City will be towed out to sea for disposal, the Army Corps of Engineers said. The carcass, which the Marine Mammal Stranding Center said is a “30-foot long fin whale,” was too big for a… Read the rest of this entry »

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And So It Goes: Lobbyists Feed Politicans at DNC

A Bloody Mary in the morning, champagne flutes in the afternoon and paté at night. Funded by special interests, enjoyed by politicians and hidden from public view. At hotel lobbies and dive bars and shiny museums far from the floor of the Democratic National Convention in South Philadelphia, democracy is getting fat – and wasted -… Read the rest of this entry »

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