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Amazon Trashes Plans for NYC Headquarters, Caves to Pressure from Ocasio-Cortez

Amazon trashes plans for nyc headquarters, caves to pressure from ocasio-cortez

Amazon Trashes Plans for NYC Headquarters, Caves to Pressure from Ocasio-Cortez

Amazon trashes plans for nyc headquarters, caves to pressure from ocasio-cortez

Caving to pressure form local politicians and special interest groups, tech conglomerate Amazon has trashed a plan to build a new corporate headquarters in New York City.

Amazon Caves to Pressure from Ocasio-Cortez, other Lawmakers

The spacious Amazon campus in Long Island City, Queens would have created more than 25,000 well-paying jobs.

However, lawmakers balked at the nearly $3 billion in New York state and city tax incentives that the Jeff Bezos-led firm stood to reap from the high-profile search for a location for “HQ2.”

One of those politicians was recently sworn-in US House Rep. Alexandria Ocasio-Cortez, who lambasted the e-commerce giant’s “creeping overreach.”

On the other end of the spectrum, New York Governor Andrew Cuomo had been a rabid proponent of Amazon’s plans, which he said would help diversify the state’s finance-heavy economy.

“You want to diversify your economy? You don’t want to just be Wall Street and finance?” Cuomo said last week. “We need Amazon.”

The governor had also joked that he would change his name to “Amazon Cuomo” if HQ2 came to New York City. Hopefully, he waited to file that paperwork.

Where Will Amazon Put the Other Half of HQ2 Now?

Amazon intends to proceed with plans to build half of HQ2 in Northern Virginia, but other would-be Amazon paramours have already begun to line up to catch Jeff Bezos and company on the rebound.

Earlier this week, following a litany of reports suggesting that Amazon and New York were going through a rough patch, Tennessee Department of Economic and Community Development said that the state would love to see Amazon give Nashville another look for HQ2.

“We would be very interested in working with Amazon in any way possible,” Rolfe said in a Fox Business interview.

Amazon Explains Why it Backtracked on New York’s HQ2

Amazon issued the following statement outlining its decision:

After much thought and deliberation, we’ve decided not to move forward with our plans to build a headquarters for Amazon in Long Island City, Queens. For Amazon, the commitment to build a new headquarters requires positive, collaborative relationships with state and local elected officials who will be supportive over the long-term. While polls show that 70% of New Yorkers support our plans and investment, a number of state and local politicians have made it clear that they oppose our presence and will not work with us to build the type of relationships that are required to go forward with the project we and many others envisioned in Long Island City.

We are disappointed to have reached this conclusion — we love New York, its incomparable dynamism, people, and culture — and particularly the community of Long Island City, where we have gotten to know so many optimistic, forward-leaning community leaders, small business owners, and residents. There are currently over 5,000 Amazon employees in Brooklyn, Manhattan, and Staten Island, and we plan to continue growing these teams.

We are deeply grateful to Governor Cuomo, Mayor de Blasio, and their staffs, who so enthusiastically and graciously invited us to build in New York City and supported us during the process. Governor Cuomo and Mayor de Blasio have worked tirelessly on behalf of New Yorkers to encourage local investment and job creation, and we can’t speak positively enough about all their efforts. The steadfast commitment and dedication that these leaders have demonstrated to the communities they represent inspired us from the very beginning and is one of the big reasons our decision was so difficult.

We do not intend to re-open the HQ2 search at this time. We will proceed as planned in Northern Virginia and Nashville, and we will continue to hire and grow across our 17 corporate offices and tech hubs in the U.S. and Canada.

Thank you again to Governor Cuomo, Mayor de Blasio, and the many other community leaders and residents who welcomed our plans and supported us along the way. We hope to have future chances to collaborate as we continue to build our presence in New York over time.

Developing…Check back for updates.

Published at Thu, 14 Feb 2019 17:17:29 +0000

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Let's Talk Bitcoin! #329 Welcome to Trustnet

On Today’s Episode

We join Andreas for a wide ranging talk given earlier this year in Cologne, Germany

A Few Highlight Topics:

Cellphones: from status symbols to tool of working class

Banking: from a privilege to a tool for anyone, anywhere

bitcoin’s neutrality and censorship-resistance

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Bitcoin Price Watch; Looking For A Strong End To The Week

So here’s a look at what we’re going to do in the bitcoin price today. We’ve had a pretty darn good week so far, with price serving up a great combination of volatility and upside momentum. In many ways, that’s the perfect combination as it allows us to jump into plenty of breakout trades while also being able to stay in the trades for a sustained run.

If we get a continuation of this sort of action today, we can close out the week on a high.

Of course, if we don’t then we can adapt our strategy to ensure we don’t miss out on any potential opportunities just because we’re focusing too much on ideal positions.

So, with this all noted, let’s get some levels in place that we can use to jump in and out of the markets during the session today, whatever happens. As ever, take a quick look at the chart below before we get started. It’s a one-minute candlestick chart and it’s got our key range in green.

As the chart shows, the range we are going to use for the session today comes in as defined by support to the downside at 7327 and resistance to the upside at 7499. That’s a pretty wide range that we’ve got for today, so we can use intrarange if we get an opportunity. Long on a bounce from support, short on a correction from resistance.

For our breakout strategy, we’ll be jumping in long towards an immediate upside target of 7550. A stop on the trade at 7475 looks good.

Looking the other way, if we get a close below support, we’re going to get in short towards a downside target of 7280. A stop on this one somewhere in the region 7345 will ensure we are taken out of the trade in the event of a bias reversal.

Charts courtesy of Trading View

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