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Category Archives: Economy

It's hitting the gut now. The spreading economic crisis is leaving tens of millions of Americans facing the prospect of hunger as they contend with diminished earnings or joblessness and worse. According to one estimate, more than 35 million Americans...
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December 15th, 2008 @ 6am
Remember: Nothing makes a Red Bank friend happier than to hear "I saw you on Red Bank Green!"
redbankgreen Classics
The axe has fallen in an expected third round of job cuts this year at the Asbury Park Press, with unconfirmed reports that the entire Trenton bureau was fired and the department that produces art & graphics for the news...
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December 3rd, 2008 @ 8am
An empty storefront on West Front Street. Spurred by surging unemployment and dwindling consumer sales, Red Bank officials are organizing an an economic "summit" of sorts for business owners and residents to brainstorm ideas to help the borough buck the...
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November 10th, 2008 @ 2pm
Lest we forget, Red Bank is still in its centennial year, and reminders of that milestone continue to pop up now and again. The latest is the above video, shot and produced by four students, aged 14 to 17, who...
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November 4th, 2008 @ 5am
"It's something that affects all of us. It's not just a Wall Street bailout," says Jan Gardiner, of Locust. Today's Washington Post reports the results of a poll that finds voters deeply divided over the terms of the government's $700...
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October 1st, 2008 @ 10am
Councilman Mike DuPont's initiative got enough votes for introduction, including one from Councilwoman Sharon Lee, though she said she disagreed with its punitive thrust and could not support adoption. A proposed ordinance that might have put Red Bank in a...
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September 10th, 2008 @ 10am
Homebuilder Hovnanian Enterprises, based in Red Bank,posted its eighth consecutive quarter in the red, reporting a net loss of $202.5 million for the fiscal quarter ended July 31. The loss equated to $2.67 per share, compared with a loss $1.27...
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September 4th, 2008 @ 6am
Citing "deteriorating business conditions," Gannett Co, the owner of the Asbury Park Press, eliminated 120 positions at six New Jersey newspapers yesterday. Among the affected publications are the Press, the Home News-Tribune in East Brunswick and the Daily Record in...
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August 20th, 2008 @ 6am
The scene on Broad Street at the 2006 edition of the event. By TOM CHESEK There was that friend of ours who found a shrink-wrapped, never-played, original 1963 pressing ( released the day JFK was shot) of the Phil Spector...
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July 23rd, 2008 @ 7am
By SUE MORGAN Never mind that 'farewell forever' send-off held last year at Donovan’s Reef. The legendary Sea Bright landmark is sticking around and kicking up sand a bit longer. Today's lackluster real estate market has benefited regulars of the...
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June 6th, 2008 @ 6am
The company's headquarters overlooking the Navesink River. Red Bank-based national homebuilder Hovnanian Enterprises saw its second-quarter losses increase elevenfold from last year as land valuations and revenues plunged again amid what Dow Jones calls "the worst housing downturn since the...
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June 4th, 2008 @ 7am
First robin's-egg-blue nest on the left: the future home of Pierre Deux. The Red Bank-area home furnishings market is about to get a touch of provincial France — and landlord Larry Garmany is about to make a sweetheart match for...
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May 30th, 2008 @ 11am
The Asbury Park Press is among four Gannett Co. newspapers in New Jersey that laid off a total of 55 employees yesterday, the Press itself reports. The axe fell after half of 166 workers offered early retirement three weeks ago...
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May 30th, 2008 @ 6am
Councilwoman Grace Cangemi says residents should have warnings before nearby hydrants are flushed, resulting in discolored water flowing through taps. Some highlights from last night's bimonthly meeting of the Red Bank council: TEACHERS OF THE YEAR: In addition to primary...
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May 28th, 2008 @ 9am
Today's Asbury Park Press has a story about efforts by Red Bank and Fair Haven to cut their trash-disposal expenses, one by curtailing pickups for non-profits and the other by having the schools fend for themselves. In Red Bank, where...
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May 21st, 2008 @ 7am
The plunge in Shore-area real estate values that's been underway for almost two years is showing signs of abating, today's Asbury Park Press reports. From the story: Home prices in the area that includes Monmouth and Ocean counties were essentially...
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May 14th, 2008 @ 7am
The R-FH Euro challengers: from left, Sam Wilson, Robbie Trocchia, Margot Keale, Steven Fuschetti and Jennifer Lapp. If you think understanding the U.S. economy is a brain-buster, try overlaying its complexity with currency exchange rates, European history and social trends...
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May 12th, 2008 @ 2pm
Hovnanian Enterprises says it is tripling its forecast for positive cash flow this year to $300 million from earlier "guidance" given to investors. The announcement came with this morning's report by the publicly traded homebuilder, based here in Red Bank,...
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May 5th, 2008 @ 6am
Agita continued to flow from Red Bank's proposed 21-percent budget increase last night as one resident lashed out at the borough council, another sought details on where purported spending cuts had been made, and elected officials blamed Trenton and Freehold...
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April 29th, 2008 @ 12pm
Last November, redbankgreen ran a feature on the paucity of Democrats in Rumson, where no member of the party is believed to have won elective office in the borough's 101-year history. Now, two examples of "the rarest of species, which...
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April 10th, 2008 @ 8am
Partyline
RBG CUB SIGHTING
A Partyline contributor positioned on the dais at Thursday's meeting of the Zoning Board of Adjustment captured redbankgreen reporter intern ...
DOWNPOUR STRAINS DRAIN
Partyline captures video of a flooded intersection during Tuesday's afternoon thunderstorm.
STILL ‘OPEN’ SPACE
Next to Fins and Feathers, very surprised to see an overgrown parking lot that still sits there…overgrown and with blacktop. (Photo and te ...
DARK COMEDY BY JERSEY DIRECTOR OPENS FILM FEST
Indie Street Film Festival kicks off with "In Memoriam," a dark comedy about an actor with six months to live.
Indie Street Film Festival Kicks Off
Indie Street Film Festival kicks off.
KUDOS FOR RBCS FINANCE WHIZZES
Monmouth County Board of Commissioners and Borough Council honor Red Bank Charter School students who took second place in a national financ ...
MARINE PARK HOT DOGS
Red Bank's newly remade Marine Park also has a new lunch option, a newly licensed hot dog cart.
MATCHA CLOSE UP
Partyline captures a photographer working for Aura Coffee Roaster angles for the perfect shot of two iced matcha lattes on Broad Street Mond ...
SOUTH STREET AUTHOR TO READ AT LIBRARY SATURDAY
South Street resident Scott Robertson will read selections from his book, Contents of a Curious Mind, Saturday, Aug. 8, from 11:30 a.m. to 1 ...
EARTH SPIRIT FOUNDER DIES
Jocelyn Ruth Midose, longtime owner of Earth Spirit New Age Center has died.
A PERFECT NATIONAL NIGHT OUT
The annual National Night Out event organized by the Red Bank Police Department drew hundreds to frolic amid the green grass and cotton cand ...
Blackhawk Helicopter Arrives for National Night Out
The Blackhawk helicopter has arrived. Everyone’s favorite part of each National Night Out hosted by the Red Bank Police Department jus ...
PARKING METER MOMENT
Patty Bishop of Verona was halfway through her haircut at Fox & Jane when she realized she needed to feed the parking meter. After she p ...
JOIN US AT JJ’S – PLEASE!
A doe-eyed sect of sentient boba teas sweetly beseeches us to join their adorable cult outside of JJ Delicacies this sticky August Sunday!
NEIGHBORS GATHER AT TINO’S
Chris Havens of River Street gathered group of Red Bankers for dinner on Thursday night. The gathering was in the back patio of Tino’s Mex ...
TREE BRANCH VS CAR
A tree branch fell on a parked car on Chestnut Street near Pearl Street Sunday. Submitted by Brian Donohue
APOSTROPHE CATASTROPHE
As a curmudgeonly curator of terrible punctuation on public signs, I’ve seen and shaken my head at a lot of gratuitous quotation marks ...
DANE FOR DEMOCRACY
redbankgreen Partyline captures a great dane who, all signs indicate, has had enough.
SUNFLOWER GAUNTLET
On the Partyline: a sunflower guantlet on River Street.
VIGIL FOR 68 DEAD
About 100 people attended a Saturday vigil at Johnny Jazz Park in Red Bank as part of a nationwide series of events to mourn the lives of pe ...