New Jersey
New Jersey home to three billionaries on Forbes 400 list of richest people in US
Elon Musk unveils Tesla Robovan, Robotaxi and Optimus
Elon Musk has unveiled the Tesla self-driving Robotaxi, which comes without a steering wheel.
Fox – LA
Besides music icons like Whitney Houston and Bruce Springsteen, New Jersey is also home to a few billionaries.
Three to be exact!
And the three belong to an elite club on Forbes’ list of the 400 Richest People in America for 2024.
The business magazine yearly edition collects snapshots of each member’s wealth in September and releases estimates of their net worth to determine who makes the list, according to the report.
As it turns out, these 400 billionaires are raking in the dough with a combined net worth of $5.4 trillion up $1 trillion from 2023 and a dozen have $100 billion-plus fortunes. The report also stated that for entry to this exclusive club a minimum net worth of $3.3 billion was required for 2024 which is up from the $400 million admission from 2023.
Two billionaires from the Garden State cracked the top 200 list and all three have a combined estimated net worth of $18.4 billion.
New Jersey richest residents: 2024
Here’s what Forbes editors wrote about the Garden State billionaires:
John Overdeck: $7.4 billion
No. 160: John Overdeck is the richest resident in New Jersey with an estimated net worth of $7.4 billion. He is the cofounder of Two Sigma, a quantitative investing powerhouse with $60 billion in assets under management. In high school he was a math prodigy who won a silver medal at the International Mathematical Olympiad at age 16 and has given $380 million through his family’s charitable foundation, which supports education. Overdeck also chairs Princeton’s Institute for Advanced Study.
Rocco Commisso: $6.4 billion
No. 200: Rocco Commisso is second richest resident in New Jersey and has an estimated net worth of $6.4 billion. He is the founder and CEO of the cable company Mediacom. At the age of 12 Commisso immigrated to America from Italy in 1962. In high school he earned a full scholarship to Columbia University, in which the soccer stadium bears his name in recognition of his donations to the school.
Peter Kellogg: $4.6 billion
No. 288: Peter Kellogg is the third richest resident in New Jersey and has an estimated net worth of $4.6 billion. He held a leadership position at the brokerage house Spear, Leeds & Kellogg several years after joining in 1973. In 2000, he sold the brookerage house to Goldman Sachs for $6.5 billion in cash and stock. He was also the CEO of IAT, until 2015 and still chairs. Kellogg has donated more than $4 million to the U.S. ski and snowboarding teams.
New Jersey
Latest New Jersey NAEP scores show gaps grew between high and low achieving students
Sign up for Chalkbeat Newark’s free newsletter to get the latest news about the city’s public school system delivered to your inbox.
Average math and reading scores on the “nation’s report card” for New Jersey’s fourth and eighth graders have remained stable since 2022, but a closer examination shows the gap between the state’s lowest- and highest-performing students continues to widen, according to newly released data.
Although not yet bouncing back to pre-pandemic levels, the average scores for New Jersey remained above the national average in math and reading for fourth and eighth graders, results from the 2024 National Assessment of Educational Progress, also referred to as NAEP, showed.
The data, released Wednesday by the National Center for Education Statistics, are the latest evidence of how dire the effects of the pandemic and remote learning were for all students, especially those already falling behind their peers well before 2020.
“There’s a widening achievement gap in this country and it has worsened since the pandemic,” said Peggy Carr, the NCES commissioner, in a phone briefing with news outlets ahead of the release. “We all need to come together as partners to catch these students up and improve achievement.”
Nationally, student achievement has not returned to pre-pandemic performance levels, though in some states, such as Louisiana, students in the lowest- and highest-performing percentiles showed improvement, according to NCES.
Though New Jersey’s averages remained above national levels, the results also showed that a significant proportion of students scored below NAEP proficiency levels. For example, 62% of fourth graders scored below proficient in reading — a smaller proportion compared to the 70% of fourth graders who scored below proficiency nationally.
Trends from the New Jersey results mirror those seen in the state’s standardized test results from 2024, which the state education department released in December.
In the 2024 New Jersey Student Learning Assessments, average statewide scores improved incrementally over the prior year. Despite the minor upticks in average scores, that data also demonstrated persistent disparities between subgroups, such as Black students and white or Asian American students.
“It’s extremely frustrating to know that after all the investments, the number of programs over the years, this achievement gap is persistent and still remains significant,” state school board member Arcelio Aponte said at the time.
A representative sample of fourth and eighth graders across New Jersey took the national assessment between January and March of last year. The results for reading and math are reported on a scale of 0-500 and grouped by proficiency levels of basic, proficient, and advanced. The NCES is adamant that these levels of achievement do not align with states’ grade-level proficiency standards.
The NAEP scores are also grouped under lowest-performing students, who fall in the bottom 25th percentile of scores; middle-performing students in the average 50th percentile; and highest-performing students in the above-average 75th percentile.
Lowest-performing students did worse in reading than in 2022
New Jersey’s lowest-performing fourth graders scored two points lower than they did in 2022 in the reading exam, going from a score of 198 to 196. This was the lowest score this group has had in the last 20 years. In 2003, the lowest-performing fourth graders scored a 201 on the reading exam.
Meanwhile, the state’s highest-performing fourth graders scored a 252 in the 2024 reading exam, a point higher than 2022. Although an incremental increase for that group of students, the score represents a 56-point difference, the widest gap between highest- and lowest-performing fourth graders in reading in the last decade for New Jersey.
The gap was similar for eighth grade reading scores between these two groups, with a 55-point difference between lowest- and highest-performing students. That gap exceeded by 12 points the 43-point gap between these groups in 2013.
“NAEP has reported declines in reading achievement consistently since 2019, and the continued declines since the pandemic suggest we’re facing complex challenges that cannot be fully explained by the impact of COVID-19,” said Daniel McGrath, associate commissioner for NCES, in a press release.
A similar trend also followed in eighth grade math, but fourth grade math showed a minor improvement. The lowest performing students in fourth grade math scored an average of 217, one point higher than they did in 2022. Even so, the 48-point gap between the lowest- and highest-performing students in math also reached the widest it’s been in 10 years.
Some researchers in New Jersey are currently looking into the role of schools in positively and drastically improving scores for the state’s lowest-achieving students. The state’s Department of Education last year launched the “Promising Practices Project,” which will task researchers with investigating the best practices used in 52 schools statewide that have proven to help improve student achievement and learning.
Family and community impact can have a very significant impact on closing gaps between the state’s highest- and lowest-performing students, said Charles Payne, director of the Joseph C. Cornwall Center for Metropolitan Studies, in an interview with Chalkbeat this week.
“But we have the most systematic evidence on schools,” Payne said. “When they’re operating at the highest levels, schools have enough power to overcome most of the disadvantages that are associated with race and class.”
Schools on the “highest levels” that positively impact student achievement have several key characteristics, Payne added. Those characteristics include a collaborative environment for teachers, the use of data to support instruction, setting high expectations for staff and students, and emphasizing social and emotional learning, Payne said.
Data from NAEP showed that some states have improved significantly already, even reaching 2019 scores, including Alabama in fourth-grade math and Louisiana in fourth-grade reading.
“These results, as sobering as they are, show that once you unpack them, there is hope,” said Carr, the NCES commissioner.
Catherine Carrera is the bureau chief for Chalkbeat Newark. Contact Catherine at ccarrera@chalkbeat.org.
New Jersey
Immigrant support groups in N.J. helping people who are arrested by ICE
Araceli Argueta, organizing and advocacy director for the American Friends Service Committee’s Immigrant Rights program, said if an immigrant is taken into custody, the Constitution guarantees they have certain rights.
“They have the right to make a call, they have the right to an attorney, to have representation, and that representation to be facilitated for a due process,” she said.
However, she noted that immigrants are sometimes not given these rights.
“Right now, what we are doing is we are collecting all the data from people that have been detained, and we get the information, and we ask for an intake interview with these people who have been detained,” Argueta said.
Morales said many immigrants that are picked up in ICE raids aren’t aware they have any rights.
“You have the right to remain silent, not speak to an ICE officer, you have the right to not allow ICE agents into your home or into your business,” he said.
He added that when 10 or 15 armed ICE agents show up at the front door, many people get intimidated and scared.
White House “border czar” Tom Homan has repeatedly stated that ICE operations are focusing on going after immigrants who are wanted killers and gang members with criminal records, but Morales insisted many people who have been picked up in sweeps are not criminals.
“A lot of innocent people in a lot of communities are going to be hurt by this,” he said. “It’s going to erode the trust communities have in government.”
He urged New Jersey lawmakers to pass proposed legislation called the Immigrant Trust Act, which would create privacy protections for immigrant communities.
New Jersey
New Jersey school district announces 2-hour delay for morning after Eagles’ Super Bowl LIX appearance
After the Philadelphia Eagles take on the Kansas City Chiefs in Super Bowl LIX on Feb. 9, students in one New Jersey school district will have a couple extra hours to sleep in.
Officials in the Gloucester City, New Jersey school district announced a two-hour delayed opening for Feb. 10, 2025 — the Monday morning after the Super Bowl.
Super Bowl LIX starts at 6:30 p.m. With both the game and the Super Bowl halftime show — headlined this year by Kendrick Lamar, with SZA as a guest — it’s very likely things won’t wrap until after 10 p.m.
“It is a rare and special time for families to watch our local professional football team compete in the Super Bowl. We feel that it’s important to give students and staff the opportunity to enjoy the game with their families and still attend school & work the next day safely and well-rested,” Gloucester City High School wrote on its Facebook page.
The post concluded with “have a nice evening. Go Birds.”
Gloucester City is just across the river from South Philadelphia.
Philadelphia area schools had delayed openings for past Super Bowl appearance
The Gloucester City School District also had a delay the morning after Super Bowl LVII in 2023, when the Eagles also faced the Chiefs. That year, the School District of Philadelphia, Archdiocese of Philadelphia and many other districts also announced delayed openings to allow students and parents to sleep in.
Eagles fans had a long night as the city of Philadelphia toasted the Birds’ NFC title game victory over the Washington Commanders with a massive party along Broad Street on Sunday. There was dancing, singing, Eagles chants and of course, a few people climbed some poles.
Mayor Cherelle Parker said Philadelphia police and emergency responders handled the crowds well, but she warned residents not to fire guns in any celebration. In a video widely shared on social media, a man could be seen firing a gun into the air multiple times as a large crowd of fans gathered at Frankford and Cottman avenues after the NFC title game win.
Should the day after the Super Bowl be a holiday?
Some groggy NFL fans have lobbied for the league to add another game to the regular season schedule, lengthening the season by one more week. Teams would then play 18 games over 19 weeks, with one week for a bye.
That extra week would make Super Bowl Sunday the day before Presidents’ Day, when schools, banks and government offices are closed — a natural day off for many parents and students.
The next chance for that schedule change to happen would be when the NFL’s current collective bargaining agreement expires in 2030, CBS News Boston reported.
-
Culture1 week ago
Book Review: ‘Somewhere Toward Freedom,’ by Bennett Parten
-
News1 week ago
Judges Begin Freeing Jan. 6 Defendants After Trump’s Clemency Order
-
News4 days ago
Hamas releases four female Israeli soldiers as 200 Palestinians set free
-
Business5 days ago
Instagram and Facebook Blocked and Hid Abortion Pill Providers’ Posts
-
Politics5 days ago
Oklahoma Sen Mullin confident Hegseth will be confirmed, predicts who Democrats will try to sink next
-
World4 days ago
Israel Frees 200 Palestinian Prisoners in Second Cease-Fire Exchange
-
News1 week ago
A Heavy Favorite Emerges in the Race to Lead the Democratic Party
-
World3 days ago
How to Watch Jannik Sinner vs. Alexander Zverev Australian Open Men’s Tennis Final Online Free