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Atlantic City Changing $12 Million Note Sale to Negotiated

bloomberg.com — (Bloomberg) -- Atlantic City, which delayed a $12 million note sale this week because of a snowstorm, is converting it to a negotiated transaction to help meet a deadline for repaying debt due Feb. 3, Revenue Director Michael Stinson said.

Christie Said to Form 2016 Political Action Committee

bloomberg.com — New Jersey Governor Chris Christie formed a political action committee, a step toward entering the 2016 race for president, according to a person familiar with the move. Christie, a second-term Republican, filed paperwork on Jan.

Iowa Freedom Summit

bloomberg.com — "We are Americans!" Bloomberg Politics's David Weigel caught video of pro-immigration protestors yelling at former Texas Governor Rick Perry during his speech at the Iowa Freedom Summit. At least eight Republicans contemplating White House bids and a dozen more popular conservatives make their pitch to Iowa activists.

Atlantic City Rating Cut by Moody’s on Emergency Manager Plan

bloomberg.com — Atlantic City, New Jersey's struggling gambling hub, had its rating cut six levels deeper into junk by Moody's Investors Service after Governor Chris Christie appointed an emergency-management team. The reduction to Caa1 from Ba1 on on the city's $344 million in general-obligation debt follows the governor's decision Thursday to install a management team that includes Kevyn Orr, who shepherded Detroit through its record $18 billion municipal bankruptcy last year.

Christie Appoints Atlantic City Emergency Management Team

bloomberg.com — New Jersey Governor Chris Christie created an emergency management team to turn around Atlantic City, the seaside gambling resort where four of 12 casinos closed last year after being battered by out-of-state competition. Christie, a second-term Republican who may run for president in 2016, said he signed an executive order appointing Kevin Lavin as emergency manager and Kevyn Orr as special counsel.

Christie Headed to London in Latest Foreign Policy Excursion

bloomberg.com — New Jersey Governor Chris Christie, a potential presidential candidate, will head to London next month for an official visit, the latest trip allowing him to burnish his credentials on foreign policy. Christie, a Republican, will travel to London Feb. 1 to Feb.

Jersey City, New Jersey, to Get 95-Story Condo Tower

bloomberg.com — A Chinese developer is planning a 95-story condominium tower for the Jersey City, New Jersey, waterfront that would be the tallest building in the state. China Overseas America Inc. plans to construct the 950-foot (290-meter) building at 99 Hudson St., according to a statement on Tuesday from Mayor Steven Fulop.

Atlantic City to Sell $12 Million of Bond-Anticipation Notes

bloomberg.com — Atlantic City, the junk-rated onetime U.S. East Coast gambling center on New Jersey's coast, plans to sell $12 million of bond-anticipation notes to refund debt maturing Feb. 3. The one-year notes, to be sold Jan. 27, will refund an equivalent amount of securities issued a year ago, according to data compiled by Bloomberg.

Christie Race Decision Said to Be on Hold Until After Jan. 21

bloomberg.com — New Jersey Governor Chris Christie, considering a 2016 run for president, told a meeting of South Carolina Republicans that he won't make an announcement until after Jan. 21. Phyllis Henderson, a state representative, said Christie made the statement during a closed session with about 50 elected Republicans, party leaders and executives at a law firm in Columbia.

Politicians Hate Traffic Cameras As Much As Everyone Else

bloomberg.com — Traffic-light cameras were once promoted as a low-cost way to reduce car accidents. Rather than assigning cops to monitor a crash-prone intersection, municipal and county governments could deploy electronic eyes to scan traffic, letting law enforcement agencies issue tickets remotely. The early results were positive: Cities with cameras saw a 24 percent drop in fatal crashes.
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Jan 26, 2015

New and improved ... Updated at the very least -- Christie PAC Bemoans Loss of Nation in Charge bloomberg.com/politics/artic… via @bpolitics



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