NJ ChamberEdge
NJ ChamberEdge Sponsor
Business Insights & Inspiration
Business Insights & Inspiration
NJ ChamberEdge Sponsor

 

The Edge for April 2018

An Exclusive Article for NJ ChamberEdge

New Jersey’s Most Seasoned News Reporters Give Business Leaders a Unique Look into the State’s Biggest Issues

It has become a popular tradition at the annual Walk to Washington for the N.J. Chamber of Commerce to present a panel of news reporters, some of whom have covered politics for decades, to offer a candid look at the direction the state is headed - the good, the bad and the ugly.

THE PANEL
Michael Aron David Cruz Anjalee Khemlani
Michael Aron
Chief Political Correspondent, NJTV
David Cruz
Correspondent, NJTV News
Anjalee Khemlani
Managing Editor, ROI-NJ
     
Herb Jackson Jonathan D Salant Stacie Sherman
Herb Jackson
Washington Correspondent, The Record, NorthJersey.com & USA Today Network
Jonathan D. Salant
Washington Correspondent, NJ Advance Media for NJ.com and The Star-Ledger
Stacie Sherman
New Jersey Bureau Chief, Bloomberg News
Photos by Russ DeSantis Photography and Video

This year’s roundtable, held on March 2, and hosted by NJTV’s Chief Political Correspondent Michael Aron, featured a look at the state’s looming budget battle; an analysis of Gov. Murphy’s disputes with President Trump and state Senate President Steve Sweeney; and a preview of the upcoming fight for the U.S. Senate seat held by Bob Menendez.

 

NJ Chamber Reporters Roundtable 06

Gov. Murphy’s Battles

There was much talk about Gov. Murphy, who is still settling in to the state’s executive office.

It remains unclear what kind of governor he will be, but Michael Aron, who has covered Trenton politics for 35 years, wondered whether both Gov. Murphy and Sen. Cory Booker “need to tone down the rhetoric with Trump” if they expect Washington to support New Jersey’s needs. One example is funding for a new rail tunnel under the Hudson River – part of the $30 billion Gateway project that New York and New Jersey are pursuing aggressively.

NJ Chamber Reporters Roundtable 05“Gov. Murphy wants tunnel money - federal aid for the Gateway project - from the president, but he has been spending a lot of time ripping Trump,” Aron said.

Still, it was interesting that Gov. Murphy chose not to continue his attacks on Trump’s federal tax reform legislation during his March 1 address at the New Jersey Chamber’s Congressional Dinner in D.C., noted Jonathan Salant, Washington correspondent for The Star-Ledger and nj.com. “We heard about pressing forward on Gateway and Sandy aid, but we didn’t hear about (the federal tax reform),” Salant said.

The State Budget Fight

That’s not to say Murphy is shying away from all fights. Murphy is maintaining his call for a controversial income tax increase on high-income individuals (a so-called “millionaire’s tax”) in his proposed state budget, despite opposition from Senate President Steve Sweeney who can block the measure.

“The Democratic governor and Democratic senate president are dancing around each other and feeling out each other,” said David Cruz, correspondent for NJTV News. “I don’t know whether it’s a personal issue or a political issue or both. It will be interesting to see how it pans out.”

Stacie Sherman2

Having the same party in power in New Jersey’s legislative and executive branches simply does not translate into smooth sailing, said Stacie Sherman, the New Jersey bureau chief at Bloomberg News.  “There are agendas and there are egos,” Sherman said.

In 2006, when Democrats controlled both branches, a budget standoff between Gov. Jon Corzine and legislative leaders led to a government shutdown, Sherman reminded the audience. Corzine and the Legislature clashed on the issue of raising the state sales tax to help balance budget.

Criticism of a governor’s budget by legislative leaders is a customary part of the budget process, said Herb Jackson, Washington Correspondent for The (Bergen) Record. Legislative leaders resist in hope of forging compromises with the governor before the July 1 deadline to adopt a state budget.

“If you just agree with the governor right off the bat, you get nothing,” Jackson said. Still, “the executive often wins shutdown fights.”

For now, Senate President Sweeney, “in his own friendly and subtle way, is letting the governor know who is boss,” Cruz said.

NJ Chamber Reporters Roundtable 04

Menendez and the Midterm Elections

In Washington, meanwhile, U.S. Senator Bob Menendez will face a formidable challenger for his seat in the form of Republican Bob Hugin, a U.S. Marine veteran and former CEO of Celgene.

“Menendez has followers and he is a fighter but Hugin has the money to fight back,” Sherman said.

What Hugin doesn’t have is a popular president to campaign for him. There is even the question of whether Hugin would even want President Trump stumping for him.

However, much can happen between now and the midterm elections on Nov. 6, the reporters said.

NJ Chamber Reporters Roundtable 09

“If Trump passes a major gun control bill – something Obama and Bush couldn’t - that could change the calculous of the midterms in 2018,” Jackson said. “Maybe Hugin would even ask Trump to come to New Jersey to campaign for him.”

Cruz added: “If Hugin brings Trump to campaign for him in New Jersey, you know the dynamic has changed. Barring that, I don’t see Menendez losing.”

Aron would not discount Hugin though. “Hugin makes a good presentation,” Aron said. “He is a serious guy. You don’t get to be a CEO of Celgene by being a slouch.”

The State of the News Media

The roundtable concluded with a discussion on the state of the news media, which has sustained budget cuts, newspaper closings and layoffs in recent years.

“There is not enough of us to the great detriment to democracy,” Cruz said. “There is the lack of local newspapers covering city hall, education, police.”

Further, there are not enough reporters doing the time-consuming investigative pieces – “the deeper dives,” said Anjalee Khemlani, managing editor for ROI-NJ newspaper. “That is where New Jersey misses out.”

Jackson, The Record reporter, said, “You lose something when you don’t have eyeballs. People don’t want to pay for news.”

Salant, the Washington Correspondent for The Star-Ledger, said, “Our job is to watch public officials to make sure they are serving the public. If we don’t do that, nobody will.”

Cruz, of NJTV News, boiled it down. “Newsrooms are disappearing,” he said. “Newsrooms once served as a place that young reporters can learn institutional knowledge from veteran reporters. Now young reporters are filing six stories a day and they are not copy edited.”

NJ Chamber Reporters Roundtable panel

Responses for this article were edited for space and clarity.

Search the Edge Archive

Newsmakers

The FDA has accepted Novo Nordisk's marketing application for an oral version of its weight-loss drug Wegovy and will decide in the fourth quarter, the Danish drugmaker said. The company's experimental once-daily version would become the first oral GLP-1 for chronic weight management, if approved.


Cari Gallman Bristol Myers SquibbBristol Myers Squibb announced appointment of Cari Gallman to serve as executive vice president, general counsel and chief policy officer. She succeeds Sandra "Sandy" Leung, who is retiring after a 33-year career at the company. Gallman has held leadership positions at Bristol Myers Squibb for 10 years, most recently serving as executive vice president, corporate affairs.


RWJBarnabas Health and Rutgers Cancer Institute on May 13 will unveil New Jersey’s first and only freestanding, fully comprehensive cancer hospital – the Jack & Sheryl Morris Cancer Center – on May 13. The 12-story, 520,000-square-foot facility in New Brunswick costs an estimated $750 million.


Kevin Gibala Chair Inspira Health Foundation BoardKevin R. Gibala, senior vice president and regional vice president at TD Bank, will become chair of the Inspira Health Foundation Board of Trustees after serving as vice chair in 2024, Inspira Health announced.


Fortune magazine named Merck, Hackensack Meridian Health and Atlantic Health System among the country’s 100 best companies to work for in its latest such list, released April 2. The 100 Best Companies to Work For list honors businesses that build a high-trust workplace environment and is based on employee surveys.


During the Masters Tournament, Bank of America, a sponsor of the event, announced the launch of 'Golf with Us.' The program offers youth golfers the opportunity to play rounds for $5 or less. The announcement comes on the heels of a multiyear partnership BofA announced with 'Youth on Course.' The nonprofit provides kids 18 and under access to opportunities through golf. As part of that agreement, BofA is helping to fund widespread expansion of municipal courses that participate in the program. Currently the roster includes more than 2,000 locations nationwide.


The New Jersey Society of Certified Public Accountants awarded $190,000 in scholarships to 40 college and college-bound students.


South Jersey Industries has donated $46,000 to the Southern New Jersey Chapter of the American Red Cross, the company announced. The gift includes $23,000 in pledges from SJI employees as part of the company’s annual giving campaign, matched dollar-for-dollar by SJI. In total, this year’s campaign raised $350,000 for various organizations – a new record for the company.


Greenbaum, Rowe, Smith & Davis LLP has named Barbara J. Koonz its new managing partner. Koonz, who joined the firm in 2019, becomes the fourth managing partner in the firm’s more than 100-year history. A seasoned environmental and energy attorney, she has played a key role in shaping the firm’s strategic direction in recent years.


The law firm Greenbaum, Rowe, Smith & Davis announced the passing on April 13 of partner Wendell A. Smith. Smith, 93, became a partner in the firm in 1968. He practiced real estate law for over 50 years and was widely recognized as one of New Jersey’s preeminent authorities on condominium and community association law.


Thomas Edison State University is offering new, online, nine-week certificate programs designed to provide practical training for people interested in cannabis cultivation, retail and product development.