The ultra left liberal Democrats in New York City are still taking a victory lap over pushing Jeff Bezos and Amazon out of the city.
They are celebrating the loss of 250K jobs with a median salary of $150K for positions the city totally lacks in the 21st century: High tech development careers.
These positions were not here to make sure your package arrived on time or that Alexa understood your voice, no these were the positions that were going to catapult Amazon to its next iteration.
The men and woman hired would probably develop the first true cancer database for assessing tumors and treatment through AI running on Amazon’s cloud storage system assessing millions of prior scans and treatment options in real time.
That’s one of hundreds of ideas that may have come out of this effort.
Instead we have House Rep. Alexandria Ocasio-Cortez — who is the subject of a perfect meme of holding a surge protected power strip plugged into itself and smiling — celebrating that the $3 billion in Amazon givebacks can now go to the people.
AOC did not get it, since she is only 29 perhaps, that there is no $3 billion to spend. The only way Amazon would received $3 billion in givebacks was if it created $27 billion in revenue for the city in payroll taxes by hiring people.
There’s no such thing as free energy Alexandria and there’s no $3 billion for the people. You and your ultra left-leaning cohorts made sure of that.
So what happens when the richest man in the world decides to re-live his teenage years only this time with cash?
You get Amazon’s CEO Jeff Bezos making headlines for sending “d-ck pics” to his girlfriend Lauren Sanchez and she sending “a photograph of her smoking a cigar in what appears to be a simulated oral sex scene.”
Now how do we know all this? Well the National Enquirer had all these images and more as part of their story from two weeks ago on the philandering CEO.
However according to a Bezos post on the blog site Medium, the National Enquirer and its owner David Pecker threaten to release more compromising images if Bezos didn’t cease investigating the magazine over its ties to silencing women making accusations against President Trump.
Quite a tale of “extortion and blackmail” Bezos lays out against Pecker and the National Enquirer with internal memos from lawyers working for National Enquirer parent company AMI, which is run by Pecker.
So you have Pecker, “d-ck pics” and simulated oral sex scene all on display, but not at the supermarket checkout stand, but more likely in a federal court house sometime soon.
The news lull of August is in full swing. I have been looking for two hours for a shred of meaningful news to opine about.
A quick look at the financial headlines tells you everything you need to know about global markets. Currency devaluations in Turkey and China are making markets jittery for lack of any real news.
Now don’t get me wrong, China cutting the value of the yuan as a response to President Trump’s tariff threats has meaning to the backwater currency trading markets, but to make global markets move on the scale they have this morning is a bit of overkill and a result of lack of news on other fronts.
The same with the Turkish lira devaluation taking down the emerging markets. This is less than a blip on the screen any other time of the year. Today it’s leading the WSJ.com website.
So now we have big moves in currencies and sovereign bonds — two markets that most investors know very little about — driving overall stock markets.
Well perhaps later today we can get back to real market-driving news like Tesla’s Elon Musk on Twitter showing the check he received from Amazon’s Jeff Bezos to take the electric automaker private.
If this continues tomorrow, I think I’ll give you an update on my honey bees and the honey I harvested. It’s a helluva more interesting than currencies and sovereign bonds.
The hypocrisy of Jeff Bezos and Howard Schultz is so absolutely delicious.
The blowback Amazon and Starbucks are giving the city of Seattle over a new tax being levied on employers to help fund homelessness programs in the city is classic “do what I say, not what I do”. Continue reading →