July 21, 2015
Newark is getting a new $50 million social impact venture thanks to Newark Venture Partners, chaired by Audible.com CEO Don Katz. The project will be the first fund of its kind in the New York metropolitan area, and the Wall Street Journal says it will not be taking any government money. In addition to receiving startup capital, the Newark Venture Accelerator will include rent-free office space from the Rutgers Business School, high-speed internet access, investments up to $100,000, and mentoring from Audible and other corporate executives. With New Jersey – and especially Newark – at the bottom of the list when it comes to entrepreneurship friendliness, this new innovator's space is expected to bring much needed progress and prosperity to New Jersey's largest city.
NEW JERSEY'S TECH GARBAGE IS PILING UP
New Jersey is running out of places to store all of its old TVs and computer monitors. NJ Spotlight says many e-waste recyclers can no longer afford to safely dispose of electronic waste or find vendors interested in their offereings, increasing the risk that lead from the waste will leach into the soil. There is legislation currently before the state Senate, but neither the manufacturers nor the recyclers think it does enough to fix the problem.
HEAT AND WIND DIRECTION CAUSING HIGH OZONE LEVELS IN NJ
New Jersey is expected to experience high ozone levels today due to the combination of high temperatures and soot levels mixed with nitrogen oxide blowing in from the west and southwest. The Record says breathing in too much ozone is like getting a sunburn on your lungs and warns that children, the elderly, and those suffering from respiratory diseases should avoid strenuous outdoor activities this afternoon.
NJ AMERICAN INDIAN TRIBE SUES STATE FOR BLOCKING OFFICIAL RECOGNITION
The Nanticoke Lenni-Lenape Tribal Nation filed suit against Attorney General John Hoffman on Monday in a fight to retain its official status with the state as an American Indian tribe. NJ.com says the tribe lost official recognition in 2012 – along with the Ramapough Mountain Indians and the Powhatan-Renape Nation – and has been atttempting to deal with the Christie Administration ever since, but was unable to come to any terms. The suit alleges that the Nanticoke are not being recognized due to a "racial stereotype-driven and irrational fear" that, if recognized, they will seek to open a casino in New Jersey and enter into competition with NJ's gaming industry.
MENENDEZ'S LAWYERS ASK JUDGE TO THROW OUT CORRUPTION INDICTMENT
Senator Bob Menendez and his co-defendent Salomon Melgen are calling on a federal judge to throw out the corruption indictment against them because they believe their rights were violated. The Record says Menendez filed 15 motions arguing that, among other things, he was immune to prosecution and that the campaign contributions he received weren't bribes, but rather an exercise of protected free speech.
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