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Thursday, February 21, 2019

In Nasty Breakup With New York City, Amazon Is At Fault

So Amazon chose Valentine’s Day to announce its breakup with New York City. No, it will not build a new headquarters in Queens as planned. Who is to blame for the split, the tech behemoth or grouchy New Yorkers? If one must choose, I’d say Amazon.

Amazon seemed shocked that the masses were not doing cartwheels in the streets after it selected the Long Island City neighborhood for a new complex to employ 25,000. After all, the company had dozens of other cities groveling for that honor.

The dialogue between Amazon and skeptical Gothamites could have been more enlightened. But at bottom, the problem was a cultural gap of Mideast proportions.

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Report: Trump Organization Scraps Plan For Hotel Chains

Reprinted with permission from Alternet.

According to a new report from The New York Times, the Trump Organization is scrapping plans to open a new line of hotels — and citing the hostile political climate as the reason:

Plans for the two hotel chains, Scion and American Idea, are to be shelved indefinitely, most likely for the remainder of the presidency. As a practical matter, that means calling off just one agreement, in Mississipppi, though two years ago the Trump Organization said it had as many as 30 potential deals in the pipeline.
The retrenchment comes as the company faces growing scrutiny from federal prosecutors and congressional investigators, and as a former employee, Michael D.


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With Foxconn, Americans Get Snookered Again

Reprinted with permission from Creators.

 

At the White House celebration of a planned new factory in Wisconsin — “the size of three Pentagons” — the Great Negotiator was all smiles. That would be Terry Gou, CEO of the Taiwanese electronics giant Foxconn.

The guy standing next to him was Donald Trump. The president said that Foxconn would invest $10 billion and create up to 13,000 well-paying manufacturing jobs. He later called the project “the eighth wonder of the world.” That was 18 months ago.

The ninth wonder of the world is that anyone took Foxconn’s word seriously. Foxconn has a history of making flashy job announcements and then not providing the jobs.…

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