Thu Jul 20, 2006 at 08:30:38 AM EDT
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| The cost of the UMDNJ scandals is now estimated at over $243 million. Gov. Corinze used the words "tragic" and "disgraceful" to describe the situation: he's being overly kind. Examples in today's article include hiring a relative who had lost his license due to misconduct, medicaid fraud, double billing, improper lobbying, and paying $35.2 million for a $5.9 million contract.
Under that contract, Stern's auditing team found that $301,660.77 was billed for the simple removal of two malicious software programs -- one so-called "Trojan horse" and one Spyware protocol -- that were found on just one desktop computer.
New Jersey set to Alter Pension Plan, as former Wall Street executive Governor Corzine pushes for the plan to move to a more aggressive investment plan. The plan is currently managed by public employees. The unions are against this proposal.
In magnitude and in speed, it may be the most drastic change in any state’s pension investment policy, pension experts say. With a new emphasis on diversified investments like hedge funds, emerging markets and commodities rather than the traditional mix of stocks and bonds, the proposal will transform New Jersey from being one of the most conservative states to one of the most aggressive, along with New York, California and Oregon.
New Jersey's Death Penalty Study Commission took testimony yesterday both for and against executions. Its report is due in November.
Rowan University also raises its tuition by 8%, the maximum allowed by this year's budget law. Student trustee Mathew Browne and Student Government Association President Mike Ward "plan to organize an effort to unite college students across the state to be a voice in Trenton during what has been a trying time for higher education."
The state will protect another 90,000 acres by classifying them as nongrowth areas. The change will require approval by the counties.
Public Advocate Ronald K. Chen and state rate counsel Seema M. Singh want verizon to continue four free calls to directory assistance per month. Verizon wants the service reclassified as 'competitive' which would allow them to charge whatever they please. Apparently they argue that phone books are available for free.
What's on your mind? |
| Hopeful :: News Roundup for Thursday July 20, 2006 and Open Thread |
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