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Status:
"Let this year be over..."
(set 25 days ago)
Location: Where my bills arrive
19,222 posts, read 17,105,490 times
Reputation: 15540
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Quote:
Originally Posted by jbgusa
I think you hit the nail on the head re: Seattle taxes. A tax aimed at Amazon and Starbucks passed in, I believe, May 2018 and was rescinded a month later. I suspect the HQ2 move was a feint directed at that tax.
As a publically traded company any decision to diversify or relocate the offices to reduce business expenses ultimately benefits the share holders and that is anyone who buys this stock. Now that NYC has been given the finger what company is filling the void to create jobs or will the unions inputs put off other potential investors? According to the governor its the weather that is driving people out of NY not his policies.....
I think you hit the nail on the head re: Seattle taxes. A tax aimed at Amazon and Starbucks passed in, I believe, May 2018 and was rescinded a month later. I suspect the HQ2 move was a feint directed at that tax.
You guys keep forgetting about the Crystal City HQ2, which had long been the front runner in all of this as it fit all the requirements perfectly, and seems to be moving ahead.
You guys keep forgetting about the Crystal City HQ2, which had long been the front runner in all of this as it fit all the requirements perfectly, and seems to be moving ahead.
If Amazon could just pull out at the drop of the hat, I suspect that they weren't very committed. I think it was a big loss for NY, but do you all REALLY think it could have been due to a small group of naysayers? Bezos, the richest man in the world faces naysayers all the time, and just trudges ahead, flattening any opposition.
It wasn't the drop of the hat. It was the avowed appointment by Stewart-Cousins, to a board that could kill the whole project, of the whole project's main political opponent - Gianaris. Amazon saw the writing on the wall. It was an entirely sensible business decision to pull out at that point before they threw money down the hole.
Walmart isnt close to as socially immoral as Amazon.
I remember Centereach Mall pre-Walmart. It used to be completely abandoned. Then Walmart came in and the vacant storefronts around it started filling in.
The biggest risk to local economies of both Main St USA and dense urban centers is Amazon. They are also extremely environmentally unfriendly.
Huh? Amazon is a corporate behemoth douche, but is actually creating ecommerce small businesses and entrepreneurs. Walmart destroyed millions of mom and pop businesses and is a major force in the decimation of the middle class. We traded our manufacturing base for some cheap Chinese crap and the promise of low wage retail jobs. Walmart delivered on both. Yay. Amazon pays their low end warehouse help more than Walmart pays some of its managers.
No reason to announce that. Their incentives were for a commitment 25K people, so they need to hit that first. If there are any "accelerators" beyond that they can consider it a few years down the line.
The biggest risk to local economies of both Main St USA and dense urban centers is Amazon. They are also extremely environmentally unfriendly.
No doubt e-commerce takes its toll on brick and mortar stores. 20 years ago it was big box stores taking their toll on the mom and pop stores.
Target and Walmart are holding their own as they introduce curbside pick up which they think blends competitive pricing, e-commerce, and convenient/fast pickup. Amazon cannot match them for the 3rd - and delivery is an added cost for Amazon.
No doubt e-commerce takes its toll on brick and mortar stores. 20 years ago it was big box stores taking their toll on the mom and pop stores.
Target and Walmart are holding their own as they introduce curbside pick up which they think blends competitive pricing, e-commerce, and convenient/fast pickup. Amazon cannot match them for the 3rd - and delivery is an added cost for Amazon.
I buy now more from Best Buy than I ever have once they loosened their return policies and did price matching with online retailers.
But I still place hundreds of orders with Amazon a year. The selection is unbeatable - I just ordered mini-chandelier LED lights for some sconce lights. Home Depot and Lowes don't carry LEDs, just incandescent. I would have happily purchased locally but either (1) they don't have it or (2) the prices are 3-4x of Amazon's.
Basic staples I get from Costco.
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