OT: Incoming Pres. Holloway on Murphy's Economic Recovery Commission

[Doctor Worm]

Incoming President Jonathan Holloway has been named to Gov. Murphy's Economic Recovery Commission. The Commission is co-chaired by the CEO of Merck and the President Emeritus of Princeton. Other notables include former Fed Chairman Ben Bernanke, former Secretary of Homeland Security Jeh Johnson, and AFL-CIO President Richard Trumka.

Full commission roster is below. Politics aside, it is impressive.

• Shirley M. Tilghman, professor of molecular biology and public policy and president emeritus of Princeton University, co-chair
• Kenneth Frazier, chairman and chief executive officer of Merck & Co., Inc., co-chair
• Ben Bernanke, distinguished fellow in residence at the Brookings Institution and former chairman of the Federal Reserve
• Dr. Richard Besser, president and CEO of the Robert Wood Johnson Foundation and former acting director for the Centers for Disease Control and Prevention
• Evelyn McGee Colbert, president of the Board of Montclair Film and vice president of Spartina Productions
• Tony Coscia, chairman of the Board of Directors of the National Railroad Passenger Corporation (Amtrak), partner at Windels Marx Lane & Mittendorf, LLP law firm and chairman of Suez North America Inc.
• Jessica Gonzalez, founder and CEP of InCharged, VendX, and Lux-UVC
• Jonathan Holloway, incoming president of Rutgers University and former Provost of Northwestern University
• Lisa P. Jackson, vice president of environment, policy and social Initiatives at Apple Inc., former administrator of the U.S. Environmental Protection Agency, and former commissioner of the New Jersey Department of Environmental Protection
• Jeh Johnson, former U.S. secretary of homeland security and partner at the law firm Paul, Weiss, Rifkind, Wharton & Garrison, LLP
• Charles Lowrey, CEO of Prudential Financial, Inc.
• Denise Morrison, of Denise Morrison & Associates, LLC and former CEO of The Campbell Soup Company.
• William Rodgers, professor of public policy and chief economist at the Heldrich Center for Workforce Development at Rutgers University. Former chief economist at the U.S. Department of Labor.
• Neera Tanden, CEO of the Center for American Progress and the CEO of the Center for American Progress Action Fund
• The Rev. Regena Thomas, director of the Human Rights and Community Relations Department of the American Federation of Teachers and a former New Jersey secretary of state
• Richard Trumka, president of the AFL-CIO
• Sheila Oliver, New Jersey lieutenant governor
• George Helmy, Murphy’s chief of staff
• Judith Persichilli, New Jersey Department of Health Commissioner
• Matt Platkin, Murphy’s chief counsel
• Kathleen Frangione - Murphy’s chief policy officer

 

[MulletCork]

Anyone who represents the small businessman and not a corporate exec or politician?
You know someone to speak for the average joe who will lose everything soon if he hasn’t already ?

 

[RUSK97]

Anyone who represents the small businessman and not a corporate exec or politician?
You know someone to speak for the average joe who will lose everything soon if he hasn’t already ?

Don’t be silly.

 

[T2Kplus10]

Anyone who represents the small businessman and not a corporate exec or politician?
You know someone to speak for the average joe who will lose everything soon if he hasn’t already ?

 

[Doctor Worm]

Anyone who represents the small businessman and not a corporate exec or politician?
You know someone to speak for the average joe who will lose everything soon if he hasn’t already ?

Does she count?
https://businesscollective.com/jessica-gonzalez-incharged/index.html

 

[Scarlet83]

Anyone who represents the small businessman and not a corporate exec or politician?
You know someone to speak for the average joe who will lose everything soon if he hasn’t already ?

Really!?? Small business is the core of our economy. IMO, anyone with an economics degree or a friend or family member running a small business, will take care of small businesses.

 

[WhiteBus]

Murphy talking about economic recovery?? That is funny!! Beaches and golf courses closed! What does he know about public economy?? Nothing

 

[S_Janowski]

The “Rev Regina Thomas” visited my high school in 2005 to speak and randomly ended up berating us all and basically called us all racists. It was so outrageous and bizarre kids walked out of school to protest and it made The NY Times haha.

 

[koleszar]

21 People? That's a lot of voices. Have fun trying to come to a consensus on anything. I could see a scene straight out of 12 Angry men occurring. It'll be Christmas before we open back up.

 

[satnom]

Does she count?
https://businesscollective.com/jessica-gonzalez-incharged/index.html

Response from linked Q&A that caught my eye:

Quick: What’s ONE thing you recommend ALL aspiring or current entrepreneurs do right now to take their biz to the next level?

Take a business owner out to lunch and ask them all the questions you have. In 2017, whenever we have a question, everyone’s solution is “Google it.” But I am here to tell you: nothing beats a good hour of getting real-world advice from a business expert who’s actually running a business.

GO RU

 

[Knight Owl]

Response from linked Q&A that caught my eye:

Quick: What’s ONE thing you recommend ALL aspiring or current entrepreneurs do right now to take their biz to the next level?

Take a business owner out to lunch and ask them all the questions you have. In 2017, whenever we have a question, everyone’s solution is “Google it.” But I am here to tell you: nothing beats a good hour of getting real-world advice from a business expert who’s actually running a business.

GO RU

On a related note, I see the state of NJ has no rainy day fund. If the Republicans in Congress don’t budge on state aid, what is Murphy’s plan?

 

[Doctor Worm]

Just in case you missed it... the headline item is that the new RU President is on the Commission.

 

[garyrc70]

21 People? That's a lot of voices. Have fun trying to come to a consensus on anything. I could see a scene straight out of 12 Angry men occurring. It'll be Christmas before we open back up.

The way things are going that would be Christmas 2022!!!

 

[RUevolution36]

On a related note, I see the state of NJ has no rainy day fund. If the Republicans in Congress don’t budge on state aid, what is Murphy’s plan?

Which states actually have a rainy day fund?

 

[RUSK97]

Just in case you missed it... the headline item is that the new RU President is on the Commission.

President of one of the state’s biggest employers. No brainer.

 

[Upstream]

Does she count?
https://businesscollective.com/jessica-gonzalez-incharged/index.html

My first thought is even though she runs a small business which has probably been hit hard (her company makes mobile phone charging stations used for people attending events -- and with no one attending events right now, there is no need for the product), I'm thinking how can she represent small businesses like hair salons. How can she understand the challenge that a salon owner would face in keeping stylists and customers safe while inches apart. But if there was a salon owner on the panel, how would that person understand the challenges of a restaurant or machine shop or consulting firm or phone charger company.

The panel is already too big to be a decision making body. And it about as large as it can be to be an advisory body. So you'll never get perfect representation of everyone in the economy.

Without a vaccine, highly effective treatment, or elimination of the virus, there will be a lot of risk and economic costs with any reopening plan. And I would expect that those bearing the costs will be the loudest critics that the costs of the plan are too high, and those bearing the risks will be the loudest critics that the risks of the plan are too high.

 

[tico brown]

A lot of people making 7 figures who will not help fix the unemploymeny situation or help small businesses that's not allowed to have curbside service but may be able to sell items that way.

 

[RUSONIC]

everyone of them should first be stripped of their income and health benefits. Then say go.

 

[beaced]

Which states actually have a rainy day fund?

Oregon?Rains a lot out there.Washington too.

 

[tom1944]

everyone of them should first be stripped of their income and health benefits. Then say go.

And have a loved one with a compromised immune system

 

[Salvi's Headband]

Man, ya gotta feel bad for Halloway. Thought he was taking over a university on the cusp of reaching new heights in academics, research, and athletics....instead he's going to be taking over a university in an existential fight for survival.

 

[richthedentist]

Murphy talking about economic recovery?? That is funny!! Beaches and golf courses closed! What does he know about public economy?? Nothing

Agreed and even when private clubs open up many are going to be in serious financial trouble anyway as a lot of the clubs derived an enormous amount of their income from food and beverage and that will not be available for many months to come

 

[richthedentist]

Incoming President Jonathan Holloway has been named to Gov. Murphy's Economic Recovery Commission. The Commission is co-chaired by the CEO of Merck and the President Emeritus of Princeton. Other notables include former Fed Chairman Ben Bernanke, former Secretary of Homeland Security Jeh Johnson, and AFL-CIO President Richard Trumka.

Full commission roster is below. Politics aside, it is impressive.

• Shirley M. Tilghman, professor of molecular biology and public policy and president emeritus of Princeton University, co-chair
• Kenneth Frazier, chairman and chief executive officer of Merck & Co., Inc., co-chair
• Ben Bernanke, distinguished fellow in residence at the Brookings Institution and former chairman of the Federal Reserve
• Dr. Richard Besser, president and CEO of the Robert Wood Johnson Foundation and former acting director for the Centers for Disease Control and Prevention
• Evelyn McGee Colbert, president of the Board of Montclair Film and vice president of Spartina Productions
• Tony Coscia, chairman of the Board of Directors of the National Railroad Passenger Corporation (Amtrak), partner at Windels Marx Lane & Mittendorf, LLP law firm and chairman of Suez North America Inc.
• Jessica Gonzalez, founder and CEP of InCharged, VendX, and Lux-UVC
• Jonathan Holloway, incoming president of Rutgers University and former Provost of Northwestern University
• Lisa P. Jackson, vice president of environment, policy and social Initiatives at Apple Inc., former administrator of the U.S. Environmental Protection Agency, and former commissioner of the New Jersey Department of Environmental Protection
• Jeh Johnson, former U.S. secretary of homeland security and partner at the law firm Paul, Weiss, Rifkind, Wharton & Garrison, LLP
• Charles Lowrey, CEO of Prudential Financial, Inc.
• Denise Morrison, of Denise Morrison & Associates, LLC and former CEO of The Campbell Soup Company.
• William Rodgers, professor of public policy and chief economist at the Heldrich Center for Workforce Development at Rutgers University. Former chief economist at the U.S. Department of Labor.
• Neera Tanden, CEO of the Center for American Progress and the CEO of the Center for American Progress Action Fund
• The Rev. Regena Thomas, director of the Human Rights and Community Relations Department of the American Federation of Teachers and a former New Jersey secretary of state
• Richard Trumka, president of the AFL-CIO
• Sheila Oliver, New Jersey lieutenant governor
• George Helmy, Murphy’s chief of staff
• Judith Persichilli, New Jersey Department of Health Commissioner
• Matt Platkin, Murphy’s chief counsel
• Kathleen Frangione - Murphy’s chief policy officer

How is this guy going to have time for this; Rutgers and many many universities are going to facing disastrous economic times like they have never seen before and he is just starting at Rutgers!!!!

 

[HeavenUniv.]

Man, ya gotta feel bad for Halloway. Thought he was taking over a university on the cusp of reaching new heights in academics, research, and athletics....instead he's going to be taking over a university in an existential fight for survival.

Can you imagine if you were him and you were going to a job at one of many small private colleges like Rider

 

[Salvi's Headband]

Can you imagine if you were him and you were going to a job at one of many small private colleges like Rider

Oh yeah....it could definitely be worse. I wouldn't want to be Centenary right now.

I think the only colleges that might be cautiously optimistic right now are CCs. They will pitch themselves as low cost/safe alternatives to expensive Unis for an online year. They will be able to open sooner, most likely, because of the lack of dorms/student life facilities. It's possible anyway.

 

[HeavenUniv.]

Oh yeah....it could definitely be worse. I wouldn't want to be Centenary right now.

I think the only colleges that might be cautiously optimistic right now are CCs. They will pitch themselves as low cost/safe alternatives to expensive Unis for an online year. They will be able to open sooner, most likely, because of the lack of dorms/student life facilities. It's possible anyway.

Yes, I think New Jersey county colleges are going to see a significant jump due to parents not wanting to take a chance with their children being away, as well as kids themselves realizing family is more important than they thought. Throw in the massive numbers of one or two parents losing their jobs for who knows how long and Summer jobs not being available or adults filling some of those spots.

 

[Knight Owl]

Which states actually have a rainy day fund?

NJ literally has zero. Most larger states have hundreds of millions at a minimum. PA just last year brought it’s rainy day fund up from near zero to the 350 mil range. States were just beginning to recover fully from the Great Bubble-Through-Fraud Recession...

 

[Knight Owl]

NJ literally has zero. Most larger states have hundreds of millions at a minimum. PA just last year brought it’s rainy day fund up from near zero to the 350 mil range. States were just beginning to recover fully from the Great Bubble-Through-Fraud Recession...

A senator from a federal-money-sucking Kentucky literally controls the lives of millions all across the northeast and west coast...

 

[DJ Spanky]

everyone of them should first be stripped of their income and health benefits. Then say go.

That's not a bade idea. But we should also include: "... and also denied access to their existing resources during deliberations."

 

[tom1944]

NJ literally has zero. Most larger states have hundreds of millions at a minimum. PA just last year brought it’s rainy day fund up from near zero to the 350 mil range. States were just beginning to recover fully from the Great Bubble-Through-Fraud Recession...

NJ had a rainy day fund in this budget and through February it was going to be increased

Here is information on the last budget ending June 30, 2020. Not the one proposed for July 1 2020. It had a 1.26 billion rainy day fund

https://nj.gov/treasury/omb/publications/20citizenguide/citguide.pdf

 

[RobertG]

This is my favorite one on the the board:

Evelyn McGee Colbert, president of the Board of Montclair Film and vice president of Spartina Productions.

Stephen Colbert's wife. Spartina Productions produces Colbert's shows.

 

[Loyal-Son]

Kudos to the governor for putting this group together. IMO he has skillfully brought together an impressive group of people, many with national credentials, to provide ideas on how to get NJ out of this economic predicament.

I think our governor has impressive business credentials coming into this job, and I hope he is able to manage this group effectively to provide us the best route forward from here.

IMO we are facing a difficult road ahead, but hopefully these people can put their heads together to help us recover from the damage this pandemic has wrought.

 

[bethlehemfan]

He’s opening golf courses so that’s a step in the right direction

 

[RUskoolie]

Kudos to the governor for putting this group together. IMO he has skillfully brought together an impressive group of people, many with national credentials, to provide ideas on how to get NJ out of this economic predicament.

I think our governor has impressive business credentials coming into this job, and I hope he is able to manage this group effectively to provide us the best route forward from here.

IMO we are facing a difficult road ahead, but hopefully these people can put their heads together to help us recover from the damage this pandemic has wrought.

What are his business credentials?

 

[cubuffsdoug]

What are his business credentials?

President Holloway's background is in history. One thing I'll say is when it comes to history, people are quick to forget and end up repeating the same mistakes.