From the Star Ledger:
N.J. revenues continue to slump, and Trump tax reforms are blamed
New Jersey’s state budget is really feeling the effects of the federal tax reform hangover now.
Last month, Gov. Phil Murphy’s administration warned tax revenues were falling behind because taxpayers were altering their behavior in response to federal tax changes. An updated report released Thursday shows the state’s growing risk of running a shortfall that could force mid-year cutbacks.
In total, the state’s major tax revenues were forecasted to increase by 7.5 percent over the last fiscal year, but growth has slowed to just 3 percent.
Thursday’s report would look worse if it weren’t for a tax amnesty program that brought in $282 million in delinquent tax payments. That winter amnesty program well exceeded its $200 million goal as taxpayers settled up with the state in exchange for waived penalties and reduced interest.
Without the amnesty bump, growth would have clocked in at just 1.3 percent.
The gross income tax — New Jersey’s largest source of tax revenue — is a big source of the trouble. Income tax collections for the first seven months of the fiscal year are down about $500 million compared to this same period last year. That’s a 6 percent decrease year-over-year, when the budget forecasts gross income tax collections are supposed to increase by 5.4 percent.
Time to raise taxes
Let’s talk about how gas tax revenues are down this year, despite the fact that gas taxes went up.
Man those unintended consequences suck. Who coulda knew?
I guess it proves that there is a “tipping point” and NJ is right on the edge of it…… forewarned is forearmed….. except for Hudson County…. and I have REIT appraisals to prove it
Murphy in full court press for Amazon on CNBC…
Did he send Amazon a d!ck pic?
I guess it proves that there is a “tipping point” and NJ is right on the edge of it…
It just means the rich have found more loopholes to steal what is rightfully ours.
We need to chase the rich out of this state once and for all.
I love how they chased away tens of thousands of high income jobs and are now celebrating. I can’t stand Bezos and dislike the Amazon takeover of marketplaces but this was going to be a major positive for NYC.
We need to chase jobs out of this state so that it’s more affordable to live here. Alexandria taught me that.
I’m really hoping nj gets this. Makes complete sense. How much different is nj in comparison to NY location? Not much.
Is he pushing Newark, or nj in general?
1987 Condo says:
February 15, 2019 at 8:39 am
Murphy in full court press for Amazon on CNBC…
Well, this is how you finally see changes. Eventually, nj will do a complete 180 when it comes to taxes and spending. It’s inevitable.
chicagofinance says:
February 15, 2019 at 8:37 am
I guess it proves that there is a “tipping point” and NJ is right on the edge of it…… forewarned is forearmed….. except for Hudson County…. and I have REIT appraisals to prove it
Surprised the anti-gentrification contingent is not celebrating Newark’s poverty and disrepair.
Winning! We chased away 25,000 high paying jobs!! This is how we defeat inequality!! Vote for me and I promise to eliminate all high paying jobs in the name of equality!
Suppose if everyone left is poor and jobless, you have no income inequality problem anymore.
re: gas tax revenues
Allot of people are now working remotely either part-time or all the time, so that is going to make a dent.
Then there is the coming internal combustion engine apocalypse as the new green deal forces everyone to go electric.
Time for a non-commuter tax!
This was as predicable as the sunrise including scapegoating trump once Cuomo came out crying last week.
And lol, no amazon is not going to set up a big location in nj. Their goal is to make as much money as possble not subsidize the nj budget.
I could see them doing a 2-3k satellite office on the waterfront for AWS to give them access to nyc customers but they are more likely do just do that in one of the boroughs where the employees want to live.
And just anecdotal but I do hear an uptick up people heading for the exit from nj. This fvxktard has tried to regulate every fvcking aspect of the state he could get his grubs on.
I can’t think of a less free vision for the state than what this pos is trying to cultivate. Of course none of the regulations he’s turning out nonstop apply to him. He’s immune.
And yes the Murphy admin knowingly appointed a guy who was currently being investigated for rape. Murphy was personally involved in the appointment. He’s been lying about it nonstop and nj fake news has been in denial about obvious facts. And then they tried to move him to Rutgers when the heat was turned up. The nj senate investigative panel has been a charade.
This story would have been pinned to the nj fake news front page for the past six months if Murphy weren’t the latest false hope for the progressive movement.
Amazon has plenty of AWS sales and tech resources in NYC.
Buddy of mine leads an AWS practice area, he’s been trying to get me to join him. I believe most of his front office are based out of NYC, not Seattle.
solving income inequality begins in the schools…..end grade inequality!, unfair that some get better grades!
“The man who lets a leader prescribe his course is a wreck being towed to the scrap heap.”
Ayn Rand
Im a cloud believer. I’m an aws believer. I think they will ramp up their presence in ny despite this soap opera. Hell they were probably planning to ramp up in ny before the hq2 search and just wanted to see what freebies they could get.
So Murphy’s office called Rutgers to try to get Alvarez a job there because he wouldn’t fire himself.
I would imagine Amazon already has 2000-3000 employees in the NY metro.
I’m not talking warehouse.
oooooh….. sh!t? DeBlasio is off script…… someone shout him down!
The audio clip, played by WNYC host Brian Lehrer as he questioned de Blasio over Amazon’s shocking decision to withdraw, set the mayor on a tear.
“I came up watching the mistakes of progressives of the past, unfortunately what happened in this city when it almost went to bankruptcy in the 1970s,” said a boiling de Blasio. “I saw all the times progressives did not show people effective governance and all the times progressives made the kinds of mistakes that alienated working people.”
“Working people are very smart and very discerning. They want jobs, they want revenue, they want the kinds of things that government can do for them,” he added. “They understand they have to be paid for.”
AWS is the driver and the NYC and DC area footprint has been growing. The HQ2 saga was all about getting preferential tax treatment and adequate office space to handle the projected growth. Grim 2k-3k is on the low end, they retained all the diapers.com people in JC, they have audible in newark, they have a small army of AWS teams based out of NYC. The growth plan doesn’t change but where the employees are and the speed of the growth is impacted by the pull out of HQ2.
Full boner, with the caption, Newark is On the Rise!!
Did he send Amazon a d!ck pic?
I’m still confused as to what fuel provides the electricity to charge said vehicles.
Then there is the coming internal combustion engine apocalypse as the new green deal forces everyone to go electric.
Yup, the growth plan is not going to change. They targeted NYC for a reason. Rest is just a poker game to see what you can get out of it. They would not have picked this area if they didn’t need something from it. They were not coming for tax incentives only.
12:14 wow. Great stuff.
I wonder how many US Prius owners know that 82% of the electricity to charge their cars comes from either fossil fuels or nuclear?
https://www.eia.gov/energyexplained/index.php?page=electricity_in_the_united_states
Sources of US electricity generation, 2017
Natural Gas – 32%
Coal – 30%
Nuclear – 20%
Renewables – 17%
You might be surprised to see that US electricity generation is 20% Nuclear today, even though no new nuclear plants have been built in decades. Nuclear energy as a source of electric grid capacity has actually grown more than any other source fuel over the last 5 decades. That’s because they quietly keep building more and more additional nuclear capacity into the ancient existing plants because the NIMBYs won’t allow any safe and new state-of-the-art plants to be built.
Highway houses taxed at ridiculous rates to store the small, lonely children of absentee parents?
They targeted NYC for a reason. Rest is just a poker game to see what you can get out of it. They would not have picked this area if they didn’t need something from it. They were not coming for tax incentives only.
I’m still confused as to what fuel provides the electricity to charge said vehicles.
Natural gas mostly.
https://www.bloomberg.com/news/articles/2019-02-15/amazon-faces-miffed-apartment-owner-s-wrath-after-nyc-pullout
3rd article from Sydney in 24 hours on HQ2’s impact on Long Island City. Does Sydney truly believe between HQ2’s announcement and yesterday that Sammy 1) planned renovations, 2) pulled permits, 3) arranged debt financing, 4) lined up contractors, and 5) completed renovations including new kitchens? Sounds like Sammy either lying or chose to do the renovations to compete with all the new building going up, like Jackson Park that has leased 1,200 units and made $522 million for its developer, a fact Sydney missed.
Sammy is doing a protest outside Amazon Books on 34th Street this afternoon. I’m going stop by on my walk to Penn Station.
They should do a pilot state to demonstrate. California should abolish all their fossil fuel plants and form their own state electrical grid. Lets see how it works out first.
Nuclear is renewable and green, what am I missing?
The Green New Deal doesn’t include a provision for massive nuclearization of the US power grid?
Unlike solar, it actually creates high paying jobs in the US.
1:57 still a 3 mile island hangover?
“We need to chase the rich out of this state once and for all.”
I’ll get the door.
“Blue Ribbon Teacher says:
February 15, 2019 at 1:50 pm
They should do a pilot state to demonstrate. California should abolish all their fossil fuel plants and form their own state electrical grid. Lets see how it works out first.”
BRT, I have long championed that for all manner of liberal programs. Start them in a state first and see how it goes. And to their credit, Cali, Mass, and even NJ are stepping up and breaking ranks with the nationwide models.
Oh, they will lose people and revenue but they are standing up for their principles. I applaud it.
Nuclear power is one of the few things American lefties don’t want to copy from France. For my high school physics paper in the late 80s my topic was the stupidity of the anti-nuclear power lobby. The challenges of dealing with nuclear power risk are far more manageable than the anti-nuclear people argue. But after the movies (e.g. The China Syndrome”) rising government red tape made the costs of new nuclear power soar. I think the lefty anti-nuke bomb activists of the 1960s through 1980s (USSR “useful idiots”) just decided to be against nuclear everything, bomb or power plant, they didn’t care. Same people who were anti-food-irradiation, they would rather let people die of food poisoning than use radiation to kill bacteria in food.
These are the same people who insist that on the topic of global warming, claim to be the defenders of science. I wonder how many people are simultaneously anti-vaxxers, against nuclear power, against irradiation, yet say that anyone who isn’t 100% committed to their “global warming” policies are “science deniers”.
CA is struggling under the weight of Prop 13. It’s not been kind to the schools.
NJ can go that route if they choose, but it’s not without problems.
I’ll get the door.
They aren’t going to PA, that’s for sure.
The libs are though.
Science deniers? You mean like denying the scorched earth rare earth strip mining necessary to build solar cells, turbines and batteries?
Grim, I think most of that rare earth mining occurs in China or other hellhole countries, so that doesn’t count.
So how does the new green deal create jobs again?
Hence, the catalyst this time around, he says, won’t be a spike in energy costs (as in 1973 and 1990), nor will it be a crisis triggered by excesses of speculation (as we saw 2000 and 2008) or the kind of inflation that blew up in 1980.
This time, “exhaustion” will be the culprit. “Exhaustion of the pell-mell expansion of credit, exhaustion in the household and small business sectors as real-world price increases continue exceeding wage and revenue gains, exhaustion of margin expansion in stocks, and exhaustion of Corporate America’s policy of masking inflation by reducing quality and quantity,” Smith writes.
He explains that conventional economics has no answer for “exhaustion,” so the government attempts to goose borrowing, lowering rates and sluicing limitless liquidity into the financial system.
Cont’d:
“But if everyone who is qualified to borrow more has no interest in borrowing more, lenders turn to unqualified borrowers who will soon default,” Smith writes. “This sets up a destruction of debt, collateral and wealth that also has no policy answer. The credit impulse doesn’t expire, it simply fades away, along with ‘growth,’ rising stock markets, higher tax revenues, etc.”
Therefore, he warns, we are way overdue for a recession that the Fed will make worse by pushing easy-money policies.
Read: Fed’s Brainard says retail sales report is a reminder of ‘downside risks’ facing economy
“The banquet of consequences is now being served, but the good seats have all been taken by those with no debt, unimpaired collateral and little dependence on central bank stimulus or central state legerdemain,” Smith writes. “All that’s left are the bad seats with horrendous consequences for perverse, distorting policies that refused to deal directly with painfully obvious imbalances.”
Some losses on the Dow Jones Industrial Average DJIA, +1.44% and the S&P 500 SPX, +0.84% were being served on Thursday, while the Nasdaq Composite COMP, +0.39% was inching higher.
You all might like this, and how there going to be many more Avalon Apts in Edgewater fire conflagration, which happened twice all over the country.
Welcome to Five Over One.
https://www.bloomberg.com/news/features/2019-02-13/why-america-s-new-apartment-buildings-all-look-the-same
Good AMZN isn’t going to do that HQ.. Atleast it will keep the ridiculous house prices around NY metro from rising for some time..
They’re all the best kind of jobs. Government jobs.
So how does the new green deal create jobs again?
Double yellow houses might even go on sale.
Good AMZN isn’t going to do that HQ.. Atleast it will keep the ridiculous house prices around NY metro from rising for some time..
Nuclear is our best long term option.
Have to laugh at all the coverage of AMZN….
CNBC, CBS, et al have had various anti-AMZN representatives on their shows, as well as on the regular news….
Highlights of their ‘issues’…the helipad as the ultimate symbol of class distinction, AMZN’s virulent anti-union stance, the claim that AMZN would not ‘shield’ illegal aliens….
All symptomatic of today’s Liberal….absolutely no tangible contribution of anything of value coupled with an abundance of arrogance in that they assume they should be able to control others.
At its simplest, these wasteful non-productive bags of bacteria believe it is their God given right to dictate how everyone else behaves.
So very happy that AMZN has a pair, where so many others lacked, to tell them to just go fcuk themselves.
I’m aging out on this blog…been here at least a decade. I said from the very beginning what I taught my children (then ten and seven) about Liberals…they want to take your money and control your lives. And they usually accomplish one by effecting the other.
They’ve stood the test of time…my oldest is 21 and a junior in one of the more liberal college towns around. Immune to the Liberal ebola.
Need some good smash mouth politics….knock that soc1alist bartender kunt’s teeth out. Not out of principle, she’s irrelevant, just for kicks.
I only watch local news it’s riotously funny.
Thanks to the company’s decision to abandon its plans to build a new campus in New York, activists now have a model for defeating Amazon and its peers.
I’m pretty sure, there are states out there which would laugh at the idea of protesting jobs. High paying ones at that.
So by definition, fracking has made electricity generation substantially cleaner, with 20-25% less particulate matter floating around the Northeast from Midwest polluters.
Bagholder says:
February 15, 2019 at 1:23 pm
I’m still confused as to what fuel provides the electricity to charge said vehicles.
Natural gas mostly.
left: WTF happened? 3 goals by Brown in 50 seconds in the 3rd period?
Where will they get the $3B now that Amazon pulled out? This is a tax break ,meaning they will not be receiving as taxes while Amazon is creating high income jobs. With or without Amazon in NY the $3B does not exist
“Activists berated the online giant for a $3 billion package of tax breaks she said the city could better invest in hiring teachers or fixing the subway.”
Yome,
Pathetic and sad. They have no understanding of how this works. They honestly think we are giving 3 billion away with nothing in return. I don’t know what happened to the left since trump took office, but they have gone off the cliff.
I don’t know how much the avg job would be, but they had to cost themselves at least 300 million a year in income tax alone. That’s the bare minimum, prob much higher. These people should be shot.
$75/hour minimum wage will ensure every job a high pay job. Who needs Amazon?
NY is already in a revenue squeeze. They needed that headquarters. There’s only so much you can maul your existing base by.
I read Pat LaFrieda’s book on Meat. This guy is the premier butcher for the NYC restaurants and supplies all their meat. At some point, he had to shift operations from one side of the bridge to the other. The reason….he was paying over $100k in parking tickets alone running his business. He chalked it up at the time to the cost of doing business. That’s not even factoring in property and income taxes. $100k in parking tickets?
He also wrote about a guy who was raising some old breeds of pigs that were a big draw to the city chefs. The guy had one truck and drove around the city to deliver. Basically, the parking tickets he racked up forced him to abandon the endeavor. La Frieda, who was already a big guy with the cash to run the operation had to convince the guy to stay in business by doing the farm work but La Frieda had to take over the delivery because he had the money and infrastructure to deal with the massive amounts of parking tickets. This is how the little guy gets put out business.
After this Amazon deal…the word is out. Your big business is not welcome in NYC. To be honest, I have managed to avoid traveling to NYC for the better part of the decade. I grew up 10 minutes from the GWB. I went once for Mets vs. Cubs in the playoffs a few years back…and it was a nightmare. 4 hours to get to Citi Field.
Re: Amazon, $1.2B of incentives to be delivered when Amazon hired 25k workers by a given date. $500mm of the deal was pure handout, not the $3B total value of the package. Their pullout only attributed to AOC et al? Any chance they saw some strong headwinds that might have limited their ability to get the $1.2B in incentives and declining economy down the road would enable them to increase workforce on a more as needed / limited basis and be able to buy buildings at reduced price or major rent concessions? They didn’t like the far left rants but I have to think it was more than that. Mayor and Gov went to bat for them so they have to believe on some level there are some powerful pols that would have continued to support them. Something missing in all this.
Electricity:
Bloom Energy makes commercial grade fuel cells, first customer was Google.
https://bloomenergy.com
They were supposed to build a home unit. Most people have natural gas line to home. Fuel Cell cars need to refuel at higher pressure than current residential nat gas lines can provide. Has to be some reasonable way to up pressure safely as lower pressure originally was the rule due to concerns about high pressure in residential neighborhood. Aren’t nat gas cars the most efficient and environmentally friendly? Cummins makes a slew of nat gas engines for trucks and a variety of other industrial applications.
https://www.cummins.com/engines
Cummins Westport NG OTR truck engines:
https://www.cumminswestport.com/models/isx12-g
30 year, nice try lying about this last week, but you were wrong when you said the goal of the new LGTB ed law wasn’t to indoctrinate middle schoolers in to transgenderism and other LGBT lifestyles. clearly it is https://www.nj.com/education/2019/02/nj-schools-will-finally-teach-kids-about-gay-history-heres-what-kids-would-learn.html
Murphy’s dept of ed will now be pushing the virtues of transgenderism on 10 year olds. “One suggested lesson, for fourth grade, features a rough-and-tumble California stagecoach driver named Charley Parkhurst who became a prominent figure in the gold rush era. It was only after Parkhurst died that an autopsy revealed Parkhurst was a woman, a major news story at the time.”
4th graders are 9-10 year olds. Of course nj fake news won’t allow commenting on the story, truth and free speech are the enemies of progressives.
One of the historical greats of transgenders is a stagecoach driver, lol. Clearly the lesson is the great contributiton to mankind and isn’t a just a cover story to push crossdressing.
Sat down to do taxes. At first pass it appears that what was a $19K refund last year driven by HCTC medical expenses – which have actually gone up slightly this year – is now an amount due of $5K.
Comically tragic.
Troll,
Exactly. Look at the protests around environmental damage to be caused by Walker’s insane Foxconn corporate giveaway. They are still moving forward. Something else was up. It is not just a few protests or AOC.
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In the UK you would already be in jail for misgendering it.
Murphy’s dept of ed will now be pushing the virtues of transgenderism on 10 year olds. “One suggested lesson, for fourth grade, features a rough-and-tumble California stagecoach driver named Charley Parkhurst who became a prominent figure in the gold rush era. It was only after Parkhurst died that an autopsy revealed Parkhurst was a woman, a major news story at the time.”
MAGA – Making A Gay Asshole
https://www.cnn.com/2019/02/16/entertainment/jussie-smollett-attack/index.html
^^^
The brothers, who were arrested Wednesday, were released without charges Friday after Chicago police cited the discovery of “new evidence.” The sources told CNN that the two men are now cooperating fully with law enforcement.
…
The sources told CNN that there are records that show the two brothers purchased the rope found around Smollett’s neck at an Ace Hardware store in Chicago.
https://www.tmz.com/2019/02/16/jussie-smollett-attack-brothers-rope-suspect-staged/
Troll: here is a version of the story… THE version … unknown..
U.S.
Amazon’s New York Project Foundered on Labor Organizing, Opposition to Subsidies
By Jimmy Vielkind, Laura Stevens and Katie Honan
Feb. 15, 2019 7:22 p.m. ET
Jeff Bezos and other top Amazon executives gathered in Seattle on Wednesday to decide whether to go ahead with its planned headquarters in New York City.
Brian Huseman, vice president for public policy, was on the phone, and the news was not good.
He had met with Andrea Stewart-Cousins, the majority leader in the restive New York Senate, and separately with three union leaders in the office of Gov. Andrew Cuomo, a champion of the project who brokered a discussion to allay labor’s concerns.
Nothing in Mr. Huseman’s call allayed growing fears at the company that the fiercer-than-expected backlash against the $2.5 billion development in Long Island City, Queens, was generating negative publicity and political uncertainty.
Mr. Bezos had signed off on the previous decisions in Amazon.com Inc.’s lengthy public contest to locate its so-called HQ2, and on Wednesday he and his team decided it was time to pull the plug, according to people familiar with the matter. It was worth the embarrassment and negative publicity in the short term, they reasoned, to avoid a yearslong problem in New York.
Amazon made the news of the pullout public on Thursday, leaving Mr. Cuomo and the deal’s other biggest supporter, New York City Mayor Bill de Blasio, stunned and chagrined. The final decision followed dozens of meetings with New York lawmakers and communities. Even after months of talking, Amazon’s team and vocal New York critics remained far apart, convincing company executives that compromises would be too hard to achieve.
After a more than a yearlong search for a site of a second headquarters, Amazon announced in November that New York City and Northern Virginia were the winners, splitting the prize with each location promised at least 25,000 new jobs.
In return for Amazon’s job creation and investment in New York, city and state officials agreed to provide up to $3 billion in tax incentives. Mr. Cuomo had warned executives that the deal might spark a minor backlash, but that it would go through.
After the announcement, a group of state and local leaders seized on the incentive package and questioned why one of the richest companies in the world was getting subsidies at all. Cries of corporate welfare and vulture capitalism became refrains among progressive Democrats, including the state’s newest political star, U.S. Rep. Alexandria Ocasio-Cortez, as well as from within the newly Democratic state senate.
Those politicians, together with union leaders, also beat a drum about Amazon’s stance against organized labor. Members of the New York City Council joined in, grilling company executives at hearings in December and January over their record with unions and about the closed-door negotiations with state and city officials that had produced the biggest project-based incentive package in state history.
“This was a secretive process intentionally structured to avoid a substantive public review in advance of any commitments being made,” City Council Speaker Corey Johnson said at a Jan. 30 hearing.
Amazon executives were completely unprepared for the backlash, according to the people familiar with the matter. Polls showed a majority of New Yorkers supported the new campus, but Amazon grew more wary when state Sen. Mike Gianaris, who represents the project site in Queens, was nominated on Feb. 4 to the Public Authorities Board. The seat meant Mr. Gianaris, an outspoken critic of the deal, could potentially veto the proposed campus.
A day later, his leader, Ms. Stewart-Cousins, met with several Amazon lobbyists in her office at the State Capitol. It was a cordial exchange that lasted 20 minutes, according to people briefed on the meeting.
By Friday, Feb. 8, the first indications that the Amazon deal was fraying surfaced with reports that company executives were reconsidering the New York campus.
Ms. Stewart-Cousins, a Democrat from Yonkers, said Mr. Huseman—who was not in the earlier Capitol meeting with her—called her on Feb. 8 and Feb. 9. They spoke generally about the project, and Mr. Huseman asked about Mr. Gianaris’s nomination.
.
She said she told Mr. Huseman that Mr. Gianaris’s perspective was important because he represented the area where Amazon had proposed to locate. She also said she conveyed to Mr. Huseman that she would work with Amazon but that she had criticisms about the way the deal was being processed.
“Because there has been no real legislative input, it was important that I at least give an opportunity to a person who’s in the district,” Ms. Stewart-Cousins said, referring to Sen. Gianaris. “There would certainly be questions asked. But that’s it: he wasn’t representing himself, he’s representing us.”
Ms. Stewart-Cousins said Mr. Huseman didn’t have any specific reaction.
Days later, Mr. Cuomo called Mr. Huseman as well as several other Amazon executives to meet Wednesday morning with leaders of
the state’s AFL-CIO, Teamsters and Retail, Wh2lesale and Department Store Union.
Unionizing Amazon’s workers had become a bigger issue. Mr. de Blasio had come out strongly in support of allowing unionization, despite Amazon saying it wouldn’t budge on the issue. While Amazon’s official position is that it respects employees’ rights to unionize, Mr. Huseman had been grilled at a three-hour City Council hearing at the end of January on the issue. He said the company wouldn’t remain neutral if workers attempted to organize.
In a conference room near his 39th floor office, Mr. Cuomo opened a discussion about fair practices for workers organizing at Amazon’s warehouse on Staten Island, people familiar with the meeting said. The union leaders asked about rights of access for organizers and a commitment that Amazon wouldn’t treat them with hostility or retaliate against workers who spoke to them.
After an hour, the meeting broke with cordial handshakes. RWDSU President Stuart Appelbaum said he planned to draft a written framework.
“We left there with the understanding we were going to continue conversations. It was a good meeting,” he said.
Mr. Huseman’s report to Amazon’s top brass Wednesday didn’t bring any comfort.
Company officials are sensitive to being wanted, some of the people familiar with the matter said. They developed their HQ2 campaign in part to draw attention to its ability to create jobs and investments—points they had stumbled at making previously, in part due to Amazon’s slow, steady build-out across the nation.
At first the executives thought they could stick it out and probably win the battle, but the meetings with the union and Ms. Stewart-Cousins served to push Amazon out of the deal.
Now the 25,000 jobs destined for Long Island City will be spread out among the company’s nearly 20 corporate offices and tech hubs. The company has already initiated expansion plans in many of those places. New York will continue to grow too, according to some of the people. The company had already planned to add jobs slowly and had plenty of space in its existing office space in the city.
Still, the decision stung.
Amazon spokesman Jay Carney, a former White House press secretary, called both Messrs. de Blasio and Cuomo on Thursday morning with the bad news—just minutes after their top aides attended a community meeting in Queens about the Amazon project.
“There wasn’t a shred of dialogue. Out of nowhere they just took their ball and went home,” Mr. de Blasio said Thursday evening at Harvard University
all that because you can use the word h0le?
cannot
hmmm. Reminds me of a song I and my frat pledges cherrfully sung during hell week:
I’m an aszhole
I’m an aszhole
I’m an aszhole till I die
Oh I’d rather be an aszhole
Then to be a CHI-FI
Chi Psi, actually
LOL
chifi – went all Pumpkin. It is Saturday night, I guess.
In unrelated news, I’m considering trying a neck beard. I haven’t shaved, except to shorten my mustache, since I had my passport picture taken in late November. It’s starting to curl up down there, which would be a peculiar look.
How about that? Nigger faggot been lyin’, go figure.
https://chicago.cbslocal.com/2019/02/16/sources-brothers-released-bought-rope-used-in-jussie-smollett-attack/
AWS is where the money is made.
Amazon Operating Income 2014 2015 2016
North America $360 million $1.4 billion $2.3 billion
International -$640 million -$699 million -$1.2 billion
AWS $458 million $1.5 billion $3.1 billion
Staging an attack is bad but staging a national emergency is worse.
“The couple moved into their new home in Saddle River in September. And while Hwang has yet to see how his tax return shakes out this year, he’s already been pleased with his lower property tax bill.
Today, Hwang is paying less than $12,000 a year for a two-acre lot. In Washington Township, he was paying closer to $20,000 for about a quarter acre of land.
“We love it. It feels like we have a lot more privacy here,” Hwang said.
What’s more, the couple, who don’t have children, aren’t saddled with the high taxes that neighboring towns require.”
https://www.cnbc.com/2019/02/15/beat-the-salt-cap-deduction-by-moving-to-a-nearby-town.html
The fake bias incidents really ramped up under Bama. He promoted a victim hood culture.
The pattern is always similar. Usually someone is failing and try to use these bogus stories to get preferential treatment. Never heard of this guy but I assume he’s a failed actor. When the college kids make these stories up they are usually on their last chance.
Yep. All fake. For a while I thought Bystander was a regular guy just looking for a job. I guess he actually runs a chicken processing plant.
Staging an attack is bad but staging a national emergency is worse.
The hot Democrat ticket for 2020:
Tawana Brawley/Jussie Smollett
It’s fantastic that local politicians brought in union leaders to help try and bully Amazon around. Nothing like tossing out 25,000 high paying management positions in a brand-new headquarters (to be built with union labor) because the rank and file across the country aren’t unionized. It’s like they can’t see 3 inches beyond the cigarette hanging out of their lips.
It used to be enough to be g@y or a minority to lobby for special treatment.
Now you have to be a g@y minority AND pay someone to beat you up to get special treatment. That’s how far left the county has moved.
“It’s fantastic that local politicians brought in union leaders to help try and bully Amazon around. ”
Arrogance of the Left. Don’t you know it’s only their opinion that matters on all matters?
Of course they have they ability to tell a company how to run their national operations based on their views of the company’s building in NYC. Well anything else would be…..un-L1beral!
Separately, I have a newfound level of respect for Lindsay Graham…
CBS has been breathlessly reporting for days now the 60 Minutes interview tonight where former Acting Director of the FBI McCabe is ‘outing’ that he was involved in conversations at the FBI where they were scheming to approach Cabinet members remove Trump.
CBS seems to believe that indicts Trump.
Graham came out forcefully on Face the Nation this morning and called it for what it is. A high unelected law enforcement official plotting to remove an elected leader…a coup.
And, yes, this is the same McCabe fired by the FBI for cause by the FBI’s own Office of Professional Responsibility. For lying. Under oath.
Remind me, to how many years has he been sentenced?
Oh, that’s right, unlike those in Trump circle incarcerated after lying McCabe is out hawking a new book. After his wife received nearly $500k from Clinton operative McAuliffe for a State Senate run. The proceeds of which, under state law, she is allowed to keep personally.
Move on, nothing to see here. I’m just very glad we have outlets like CBS to provide a clear view of all the facts.
True, Pat. I work at a place called Purdue where pudgy, hypocritical right wingers are our best customers.
Purdue sells only right chicken wings?
I don’t get it
I’ve been saying this for how long?
“Worry About Debt? Not So Fast, Some Economists Say
U.S. deficits may not matter so much after all—and it might not hurt to expand them for the right reasons”
“The crux of Mr. Blanchard’s argument is that when the interest rate on government borrowing is below the growth rate of the economy, financing the debt should be sustainable.
Interest rates will likely remain low in the coming years as the population ages. An aging population borrows and spends less and limits how much firms invest, holding down borrowing costs. That suggests the government will not be faced with an urgent need to shrink the debt.
Mr. Blanchard stops short of arguing that the government should run up its debt indiscriminately. The need to finance higher government debt loads could soak up capital from investors that might otherwise be invested in promising private ventures.”
https://www.wsj.com/articles/worry-about-debt-not-so-fast-some-economists-say-11550414860