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April 28, 2007 | New Jersey | Posted by Caldor All of this Steinbach posting has put me in a New Jersey mood lately.Malls are as synonymous with New Jersey as Bruce Springsteen, so there’s plenty of neat ones to pick from, and the 1.5 million-square-foot Monmouth Mall on the Jersey Shore is one of the cooler ones that I visited for the first time in November of 2006.Like many old malls, Monmouth Mall has had many anchor stores rotate in and out over the years: The Vornado Realty Trust-owned center is one of the most successful malls on the Jersey shore today, despite a location that’s relatively close to the Freehold Raceway Mall, one of the state’s largest and newest enclosed shopping malls.I think Monmouth Mall is cool because of its bizarre floorplan and changing decor–if you look at the directory below, you can tell that there is one long wing that begins as a grand, one-level atrium in front of Macy’s before splintering into two levels (much like the Cherry Hill Mall) and continuing a long ways to the modern-day Boscov’s anchor store.Funeral directors will also receive .25 million to settle lawsuits, with .5 million of that amount coming from Merrill Lynch and the balance from the IFDA, Cullen and his former law firm.All told, funeral directors throughout the state will receive .15 million.

By the time the comptroller’s office began an audit in 2005, the deficit had swelled to more than .5 million.Making matters worse, the policies could not be liquidated without steep tax penalties, and the association was locked in to paying commissions, premiums and management fees to insurance companies and brokers regardless of the performance of securities within policies that dictated the value of the policies.Despite the deficit, the association continued issuing rosy financial reports to members on the hook for losses.Instead, the fund proved the association’s biggest albatross.The first cracks appeared in 2001, when an internal IFDA audit showed a million deficit in the trust – there would not be enough to pay for contracted funerals if everyone died at once.

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