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Jensen Huang made his $172 billion fortune on AI chips. His family's $75 million gift to Vanderbilt argues art decides what technology is for

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Jensen Huang made his $172 billion fortune on AI chips. His family's $75 million gift to Vanderbilt argues art decides what technology is for

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The millennial generation has split, new Fed research shows: Those over 35 are edging toward boomer-style wealth, while everyone else falls behind

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The $39 trillion U.S. national debt isn’t as high as Japan’s and Singapore’s relative to economy size—and yet it's still worse somehow
Amazon

On Cyber Monday, New Yorkers Protest Amazon’s New HQ2 with a ‘Day of Action’

By
Brittany Shoot
Brittany Shoot
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By
Brittany Shoot
Brittany Shoot
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November 26, 2018, 7:01 PM ET
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Protesters marched in New York City on Monday to protest Amazon HQ2, the online retailer’s new office, half of which will be located in Long Island City, Queens.

Carrying signs in English and Spanish and brown cardboard boxes depicting Amazon’s arrow smiley face logo with the arrow pointed down into a frown, protestors marched into Amazon’s brick-and-mortar Manhattan store on 34th Street before heading back out into the rain to continue marching into the evening.

NOW: Community members have taken over Amazon Books store on 34th street to say loud and clear: #NoAmazonNYC!

We reject Amazon’s $3 Billion subsidy deal, we don’t want #HQ2Scam in our city!

“@Amazon works w/ @ICEgov! ¡Fuera!” pic.twitter.com/9z0YoPs1NR

— Make the Road NY 🦋 (@MaketheRoadNY) November 26, 2018

At issue is the $3 billion tax break the city awarded Amazon in exchange for setting up shop in NYC. Amazon is a billion-dollar company, some say due to its longstanding strategy to skirt sales taxes in addition to negotiating for major subsidies in its new locations across the country in exchange for the local jobs it promises to provide.

But opponents have also noted that taxes help pay for the city’s basic infrastructure upkeep. One example: the city’s beleaguered public transit system, the Metropolitan Transit Authority (MTA), which already regularly experiences breakdowns and delays so severe that it was a major campaign issue during the 2018 New York gubernatorial primary.

Affordable housing is another concern. Already, condo sales in Long Island City are skyrocketing, and interest in the area’s real estate market is only expected to climb as Amazon looks to begin hiring for the New York office in 2019.

This is an immigrant city, we don’t need companies working with ICE. #NoAmazomNYC #HQ2scam pic.twitter.com/YoAm3ohBUu

— Renata Pumarol (@RenataPumarol) November 26, 2018

In addition to impacts to the housing market and mass transit, protestors noted that New York is a city of immigrants and took issue with Amazon’s relationship with United States Immigration and Customs Enforcement (ICE).

Monday’s protests may not come as a total surprise, given how the local community has reacted to the news so far. Incoming New York Rep. Alexandria Ocasio-Cortez has said Queens residents are “outraged” over their new corporate neighbor.

Lastly, this isn’t just about one company or one headquarters. It’s about cost of living, corps paying their fair share, etc.

It’s not about picking a fight, either. I was elected to advocate for our community’s interests – & they‘ve requested, clearly, to voice their concerns.

— Alexandria Ocasio-Cortez (@AOC) November 13, 2018

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