First, we appointed former United States ascender to lead to the effort and he has incredible skill and produced phenomenal results. [applause]. Think about this. Tax appeals were weighing down the city. 303 million is owed just to the casinos in tax rebates. Set the senator using the authority we gave him, negotiated that number down by more than 50 , just over 138 million and in 2017 we announced glad you are all seated for this one 1140 11. 4 decrease in property taxes in Atlantic City which means average property tax reduction of 621. This was the result of budgetcutting measures that reduced city spending by 66 million over the 2015 budget and with a jeff in charge the budget will stay level in 2018 as well. He also reached a settlement with the police union, a settlement leading to now there will be 12 hour shifts in Atlantic City, reduced salaries, reduced term lease payments and reduced workforce of 252 officers, all agreements that would not have occurred without the senators
Of clemency. I do not think the Death Penalty is appropriate punishment, nor life imprisonment. Ofse who call for some sort frontier justice need to understand there should be equal protection. ,ames clapper committed perjury punishable by five years in prison, if you want to throw the book at snowden, it is hard to say we are not going to do anything about James Clapper lying to congress. You are not going to compare what he did with whats noted n did . With what snowde i think i just did . [indiscernible] clapper did something worse than snowden . It is not my job to compare them, but James Clapper has harmed the credibility of intelligence agencies, making it hard for us to believe them when they come to capitol hill. He lied when he was prepped for a question. As he said, he told the least untruthful thing he could think of. It has greatly damaged the intelligence community. It is arguable. [indiscernible] one or two more. Comment on governor christie. He has enough questions to an
Thank you very much. Im very disappointed that sallie mae did not come today, and i think its important that we take a closer look at how all of our servicers are performing. But we need accurate data to be able to do that, so thank you. Want to ask a second question, thats about the Student Loan Program. You know, Student Loan Program just from 2007 to 2012 are now on target to make 66 billion in profits for the United States government. Just that small cohort. And lets keep in mind these are the best data we have available. These are government data, these are not data anybody else made up. The gao, the cbo to, the fed are all looking in the same direction at whats happening to students that are loading up on Student Loan Debt. And right now best estimate we have is that the Interest Rate were going to charge next year to our students is double, nearly double, the rate that undergraduates would have to pay in order to have the program break even. And as much as triple for graduate st
Drag draghis press conference begins. Stocks set to open in the green this morning after jobless claims fell by 15,000 ahead of tomorrows big job number. Plus, macys says it will layoff 2,500 workers and close 5 stores in a move that could save the company up to 100 million a year. Shares are up this morning on that news. While macys in the green, its been a rough morning for some of the other retail names, Family Dollar, Bed Bath Beyond expected to open well to the downside after Third Quarter earnings miss. While tmobile is still only the fourth largest carrier in the u. S. , its ceo making a splash at this years consumer electronic show and well tell you what he had to say about tmobiles Fourth Quarter and an incident at a party for at t. A lot for wall street to digest with new labor on the data front setting the stage for tomorrows big job numbers. Jobless claims by 15,000 to a seasonally adjusted 330,000. And the bank of england and the European Central Bank Standing pat on key I
Is appropriate, that is my feeling, too. That is a result of my soulsearching over the last couple of weeks. What is your opinion of this guy . You said you dont have a close personal relationship. Listen. I obviously believe that having David Wildstein at the Port Authority was a mistake. Let us just leave it at that. I said phil. I meant bob. Sorry about that, bob. Town hall at the meetings that you are very proud of the fact that you introduced for if the attorney general like furniture . [indiscernible] thats not fair. Think to characterize the attorney general as a piece of furniture is really beneath what you guys should be doing. The attorney general is doing an outstanding job. They are to enforce the law. They are not there to act as an ethics advisor to the government office. Governors office. If you find that in the statue of regulars, pointed out to me. [indiscernible] no, he is not. He may have to provide an investigative function in some later time. Imagine that. Imagine