'A $3-trillion tsunami'
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Opinion | Amazon Escapes From New YorkOpinion: New York’s loss of Amazon is a testament to the state’s toxic business environment—even $3 billion in subsidies wasn’t enough to keep the company in town
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A big change in accounting will put $3 trillion in liabilities on corporate balance sheets2019 marks the first time companies have to put operating leases onto their balance sheets.
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Amazon cancels New York headquarters planAmazon said it’s abandoning plans for a second headquarters in New York City, a stunning retreat after state and local leaders strongly opposed providing the company with roughly $3 billion in tax incentives
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Amazon, NYC shoot selves and each other in footJeff Bezos’s company is ditching its Big Apple HQ plan after local opposition to the $3 bln in incentives it would receive. It makes Amazon look short-term greedy and uninterested in community concerns. Punchy politicians, meanwhile, have cost the city jobs and tax revenue.
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Amazon's exit could scare off tech companies from New YorkNEW YORK (AP) — Amazon jilted New York City on Valentine's Day, scrapping plans to build a massive headquarters campus in Queens amid fierce opposition from politicians angry about nearly $3 billion in tax breaks and the company's anti-union stance. With millions of jobs and a bustling economy, New York can withstand the blow, but experts say the decision by the e-commerce giant to walk away and take with it 25,000 promised jobs could scare off other companies considering moving to or expanding in the city, which wants to be seen as the Silicon Valley of the East Coast.
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How trillion-dollar stock-market index funds are vulnerable to manipulation that ‘could harm American investors’Dangers are lurking in index funds, an area of the stock market is known for its history of outperformance against actively managed funds and ironically, it is stock picking that may be at the heart of concern in so-called passively managed index funds.
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