Connect with us

News

AMAZON’S Small-Scale Central Planning in Corporate Welfare

Published

on

Corporate Welfare is Small-Scale Central Planning

Amazon.com’s lengthy look for its 2nd head office has actually finished. New York City and also Virginia lasted longer than the completing cities. Twenty cities were finalists in the going to be the area of Amazon.com’s 2nd head office when the firm’s search started over a year back. HQ2 will certainly be an added resource of Amazon.com financial investment in the economic situation and also development for its clients.

The firm’s strategies have actually come under examination over the previous week since the places (Arlington, Virginia and also New york city’s Long Island City) will greatly support the wealthiest male on the planet, Jeff Bezos, and also his firm with billions of New york city and also Virginia taxpayer bucks. The system that enables– and also also motivates– this type of federal government burglary and also incentives Amazon.com’s taxpayer bidding-war burglarizes those taxpayers of the financial liberty to select what to do with their incomes.

Lobbying for Jobs Virginia and also New York City are not simply obtaining a complimentary incentive in tasks and also financial task pertaining to their locations from Amazon.com’s action– incorporated, they guaranteed Amazon.com around $2 billion in aids. Political leaders completed for tasks and also financial development for their components, yet with taxpayer cash.

This $2 billion aid is available in lots of kinds. Amazon.com defines them as “performance-based motivations,” as much of the cash relies on Amazon.com’s measurable financial investment such as the variety of brand-new hires, quantity of their annual wages, or their structure square video footage. The general public and also economic sector will certainly integrate to purchase millions in framework.

Though industry (and also the discount rates it brings) can be wonderful for customers, industry as a straight outcome of federal government preference develops fairly couple of huge victors and also hurts much more taxpayers, that the federal government makes pay for huge jobs that do not profit them.

Concerning Amazon.com’s tax obligation motivations and also aids, Jared Walczack from the Facility for State Tax Obligation Plan at the Tax Obligation Structure claimed, “Taxpayers need to be really unconvinced that motivations like these will certainly ever before spend for themselves.”

Exactly how, as an example, do the possible taxpayer-subsidized airports near each brand-new headquarter advantage anybody not flying right into Amazon.com Head office in a helicopter?

When the federal government chooses victors, taxpayers shed.

There are wide varieties of instances of taxpayer-funded federal government handouts to industries; gives for Yankee arena, tax obligation breaks for Facebook, and also farming aids to business mega-farms.

Federal government aids are a zero-sum financial video game: one company or industry advantages at the cost of taxpayers. Such programs need to not exist since they are unfair and also only incentive those with the most effective federal government links.

A federal government established to choose victors and also losers “for the advantage of all” is a hinderance to the financial liberty of individuals that chose it, which disrupts the capacity of anybody that pays tax obligations to introduce and also complete rather in the market.

On the other hand, tax obligation breaks that aren’t company-specific advantage every company and also boost financial liberty for the particular city, state, or country.

The Heritage Structure discusses that financial liberty rests upon federal governments that “permit labor, funding, and also products to relocate openly, and also avoid threat or restraint of freedom …”.

Organisation and also federal government are both at fault in a situation that compensates services’ lobbying strategies with taxpayer bucks.

Walczack at the Tax obligation Structure proceeds:

When states choose a certain firm and also expend them, a person needs to spend for that and also you’re foregoing various other chances … If you concentrated on developing a much more affordable company tax obligation atmosphere instead of targeting one white whale, you would certainly have a better system total …

Company well-being is even worse than federal government programs that support able-bodied inadequate individuals, mainly since inadequate well-being receivers typically are doing not have fundamental demands like sanctuary and also wintertime clothes. Jeff Bezos does not fit that group and also can manage his very own food.

Patrick Tyrrell is a study organizer in The Heritage Structure’s Facility for Information Evaluation.

Amanda Snell belongs to the Youthful Leaders Program at the Heritage Structure.

google news

Mahesh is leading digital marketing initiatives at RecentlyHeard, a NewsFeed platform that covers news from all sectors. He develops, manages, and executes digital strategies to increase online visibility, better reach target audiences, and create engaging experience across channels. With 7+ years of experience, He is skilled in search engine optimization, content marketing, social media marketing, and advertising, and analytics.

Advertisement
Click to comment

News

Rejected State Fair art featured in show at Lowertown’s AZ Gallery

Published

on

Rejected State Fair art featured in show at Lowertown’s AZ Gallery

The Fine Arts Show at the Minnesota State Fair is called the state’s largest juried art exhibition. It usually features 300 or more works from thousands entered by artists across Minnesota.

A little math indicates that a leaves behind a lot of “rejected art.” Some of those pieces are on display through Sept. 26 in the annual “Rejected Exhibition” at AZ Gallery in Lowertown St. Paul. This year’s show has photography, paintings and some sculptures.

Organizer Jeff Henningsgaard explains in an email: “It all began when local photographers started posting their rejected images on social media. Some amazing images were shared and it was a great way for the community to rally around fellow artists and give support. The idea of starting their own show was brought up and Tomas Alvarez and (I) took on the challenge. This year, the show has opened to all types of art media, bringing a new excitement to the Minnesota art community. Painting, sculpture, mixed media and, of course, photography are all now included.” This is the fifth year for the exhibition, which took a COVID break in 2020.

The Rejected Exhibition is running in conjunction with The Art Bike Show curated by artist Amy Clark, which features classic bikes and art that celebrates all things on two wheels.

AZ Gallery is located at 308 Prince St. The exhibition is open during gallery hours: 5-8 p.m. Fridays and 10 a.m.-4 p.m. Saturdays and Sundays. For info: theazgallery.org.

google news
Continue Reading

News

21% of children hospitalized with COVID require ICU care, study finds

Published

on

21% of children hospitalized with COVID require ICU care, study finds

NASHVILLE, Tenn. (WKRN) – A pediatric study released on Wednesday found that nearly one out of every four children admitted to the hospital with COVID-19 required ICU care.

“That’s higher than I think most people would expect,” said Dr. James Antoon, Assistant Professor of Pediatrics at Monroe Carell Jr. Children’s Hospital at Vanderbilt.

Dr. Antoon worked on the study that included close to 20,000 pediatric patients from 45 children’s hospitals around the country between April to September 2020.

“More than half of children admitted to the hospital with COVID-19 did not have underlying health conditions,” said Antoon. “However, those with underlying health conditions and very specific comorbidities had a much higher risk of severe disease.”

Among those hospitalized, the study found a greater disease severity was associated with Black or other non-White children.

Age also played a factor. “Children who are older than 12, who are eligible for the vaccine, were among those who were the highest risk of having severe COVID disease,” said Antoon.

Sick to the point of requiring critical care and assistance breathing.

Overall, Dr. Antoon said younger children needed the most hospital care. “A concerning part of this study is that 70% of children who are hospitalized are not eligible for the vaccine. They’re younger than 12 and we need to protect those children.”

There is some good news as the study found deaths to be rare. But Dr. Antoon said parents need to be aware of the long-term effects the virus can cause.

“We know that children, more so than adults, are more likely to get what we call MIS-C disease or inflammatory disorder after their COVID, even weeks and weeks after their COVID is gone.”

This is why Dr. Antoon says now more research needs to be done to explore symptoms of long COVID in children.

google news
Continue Reading

News

Arrests made in robbery of prospective St. Louis Blues player at Arch grounds

Published

on

Prospective St. Louis Blues player robbed at gunpoint on the Arch grounds Monday

ST. LOUIS – Two people are charged with robbery after holding up a man and woman at gunpoint at the St. Louis Arch Monday night.

One of the victims, a 20-year-old man, is a prospective player for the St. Louis Blues. The team says that he is in town for rookie camp.

The two men, a 19-year-old and an 18-year-old, were arrested for robbery and armed criminal action. Warrants are being applied for at the St. Louis Circuit Attorney’s Office.

Police say one of the two charged demanded that the victims give him their cellphones, vehicle keys, wallet, and purse. He then ran away. The victims were not injured.

google news
Continue Reading

News

Planned Parenthood shooting suspect ruled incompetent in federal case, too

Published

on

Planned Parenthood shooting suspect ruled incompetent in federal case, too

A federal judge on Thursday declared the suspect in a 2015 mass shooting at a Colorado Springs Planned Parenthood clinic to be mentally incompetent, ending the prosecution’s hope that a criminal case brought in federal court could go forward after the state’s case had stalled.

Robert Dear, 63, has admitted to killing three people at the clinic, but the state’s case against him stalled beginning in 2016 after he repeatedly was found mentally incompetent to proceed — that is, he could not comprehend the criminal case against him or participate in his own defense.

Federal prosecutors brought 68 criminal counts against Dear in late 2019 in an attempt to move forward with criminal proceedings. While the standards for determining mental competency in federal court are nearly identical to Colorado’s standards, federal courts have a reputation for finding incompetency less frequently than state courts.

On Thursday, Senior Judge Robert Blackburn declared Dear incompetent in a brief hearing at the Alfred A. Arraj United States Courthouse in Denver. The finding of incompetency was not contested by the prosecution or defense, though Dear himself disagreed.

“I’m opposing it; I’m not crazy,” he shouted at one point, appearing via video feed from a mental health facility in Missouri with his attorney.

google news
Continue Reading

News

‘China’s richest woman’ missing for years suddenly reemerges in ‘threatening’ phone calls to family

Published

on

China's richest woman reappeared

A real estate mogul dubbed “China’s richest woman” before her sudden disappearance in 2017 has recently reached out to her ex-husband.

Ascent to wealth: Weihong Duan, who also goes by her English nickname “Whitney,” became a billionaire through Taihong, the real estate development firm she founded in 1996. She ran the company until she mysteriously vanished on Sept. 5, 2017.

  • Duan reportedly grew up in a one-room apartment in a small town in Shandong province. She charted her path out of poverty through hard work — graduating at the top of her class at the state-controlled Nanjing Polytechnic Institute and later landing a job as executive assistant to the university president.
  • The job brought Duan in close proximity to Chinese authorities. Over time, she mastered the skills necessary to maintain good relations with high-profile people. “She learned how to alter her attitude, tone of voice and language depending on her interlocutor,” her ex-husband, Desmond Shum, told the New York Post. “Nanjing Polytechnic was closely associated with the People’s Liberation Army, so she also got a crash course in handling military officers.”
  • Duan set out on her own in 1996 and launched Taihong. After a series of successful projects in Tianjin, the business moved to Beijing, where Duan met Shum — a Shanghai-born, U.S.-educated man with a background in finance.
  • Duan and Shum eventually married. As a couple, they pursued business opportunities together. Duan sought out investments and forged important connections, while Shum executed her vision into actual buildings.
Image via RFA

Where it went wrong: Duan’s downfall resulted from her ties to politicians whose influence in the Chinese Communist Party had deteriorated due to controversy. Among them is former Chinese Premier Wen Jiabao, whose family allegedly amassed $2.7 billion during his term, The New York Times reported in 2012.

  • Wen allegedly served as Duan’s silent partner when she bought stakes in a startup called Ping An Insurance Company. When the firm went public, Duan, through Taihong’s Hong Kong arm Great Ocean, reportedly sold her stake for $400 million, while Wen’s family ended up gaining $2.2 billion, a large chunk of their alleged $2.7 billion total wealth.
  • Duan became a billionaire when she built the Beijing Airport Cargo Terminal, China’s largest air cargo logistics facility, according to the New York Post. She allegedly did this in partnership with Sun Zhengcai, a Beijing official who would later be ousted from the Chinese Communist Party and sentenced to life imprisonment for bribery.
  • Sun was a contender for a top post in 2022 as either China’s general secretary, premier or even as a successor to President Xi Jinping. Duan served as one of his campaign managers, helping him “move his pieces on China’s political chessboard,” Shum said.
  • Xi, however, has expressed no plans of stepping down. In July 2017, Sun was fired as CCP’s chief in Chongqing. In September of the same year — the same month Duan disappeared — he was officially expelled from the party. In May 2018, he was convicted for taking $27 million in bribes and sentenced to life in jail, as per the BBC.

The surprise call: Last week, Shum released a book titled “Red Roulette,” which details how he and Duan navigated the hostile nexus of business and politics in China. Days before the publication, he received a call from his ex-wife — the first time he heard from her in four years.

  • Shum said Duan had called him twice asking him to cancel his book’s publication. He believes she is under home detention. “She said she’s on temporary release and they can take her back any time,” Shum told NPR. “Nobody has a word for the last four years. The government never acknowledged they had taken her. And they never charged her.”
  • Shum, who now lives with their 12-year-old son in the U.K., believes the calls were being monitored by Chinese authorities. He described Duan’s second call as “more threatening.” “She asked me the question, ‘What would happen to our son if something unfortunate happened to me?’ She asked the question, ‘How would I feel if something happened to our son?’”
  • In a statement to the Australian Financial Review, Shum said his ex-wife had also used the Chinese warning “No good comes to those who oppose the state” during her calls. “I believe she was forced to do this because the Chinese Communist Party is afraid of what I have written in ‘Red Roulette,’” he said.
  • The calls also marked the first time their 12-year-old son heard his mother in four years. Duan’s fate remains unclear, but the fact that her son got to talk to her — indicating that she’s still alive — was the “best thing” that came out of the interaction, Shum said.

Featured Image via Communist Youth League of China / Caixin

google news
Continue Reading

News

States learning how many Afghan evacuees coming their way

Published

on

States learning how many Afghan evacuees coming their way

By AAMER MADHANI

WASHINGTON (AP) — The Biden administration began notifying governors and state refugee coordinators across the country about how many Afghan evacuees from among the first group of nearly 37,000 arrivals are slated to be resettled in their states.

California is projected to take more arrivals than any other — more than 5,200 people, according to State Department data for the Afghan Placement and Assistance program obtained by The Associated Press.

Alabama and Mississippi are each slated to welcome 10, U.S. officials said Wednesday. Hawaii, South Dakota, West Virginia, Wyoming and the District of Columbia are not expected to resettle anyone from the first group of evacuees who fled during the final days of the chaotic U.S. withdrawal last month.

The administration has requested funding from Congress to help resettle 65,000 Afghans in the United States by the end of this month and 95,000 by September 2022. President Joe Biden tapped the former governor of his home state of Delaware, Jack Markell, to temporarily serve as his point person on resettling Afghan evacuees in the United States.

States with a historically large number of Afghans who resettled in the U.S. over the last 20 years — including California, Maryland, Texas and Virginia — are again welcoming a disproportionate number of evacuees, according to the data. Many gravitate to northern Virginia, the Maryland suburbs of D.C. and northern California — some of the most expensive housing markets in the country.

Oklahoma, which over the course of the 20-year war had resettled a relatively small number of Afghans, is slated to resettle 1,800 new arrivals.

Many of the new evacuees requested to be resettled in those states because they already have family and close friends living in those states, according to two U.S. officials who spoke on the condition of anonymity to discuss the calls to state government officials. Resettlement agencies also have a large presence and capacity in many of those states.

The State Department resettled evacuees based on the advice of local affiliates of nine national resettlement agencies the U.S. government is working with, the officials said.

The officials said Afghan evacuees are advised that other parts of the country — including areas with plentiful job openings and cheaper housing — could be good places to begin their new lives in the U.S.

The Afghan evacuees go through a Department of Homeland Security-coordinated process of security vetting before being admitted. And every evacuee who comes into the United States also goes through health screening. Evacuees who are 12 and older are required to get the COVID-19 vaccination as a term of their humanitarian parolee status after entering the country.

Still, there have been unexpected complications.

U.S.-bound flights for evacuees who had been staying temporarily in third-country processing sites were halted last week after measles cases were discovered among several Afghans who had recently arrived in the U.S.

Some of the recent Afghan arrivals could also face a tough road ahead if Congress doesn’t take action to treat them as refugees arriving in the U.S.

The Afghan evacuees are not currently eligible for food stamps, cash assistance through the Temporary Assistance for Needy Families program for low income families, Medicaid or other traditional refugee services that are funded through the Department of Health and Human Services.

Currently, each Afghan evacuee is slated to receive $1,225 to help with rent, furniture and food and provide a small amount of pocket money. Biden has called on Congress to take action to ensure that the recent arrivals have access to the same benefits as refugees.

google news
Continue Reading

News

Minnesota job growth continues; state adds 4,300 jobs in August

Published

on

Minnesota job growth continues; state adds 4,300 jobs in August

Minnesota gained 4,300 jobs in August, dropping the state’s unemployment rate to 3.8 percent.

The month’s 0.2 percent job growth in Minnesota matches the nation’s, according to seasonally adjusted numbers released Thursday by the Minnesota Department of Employment and Economic Development. The added jobs and wage increases are welcome news as the state recovers from economic turmoil brought on by COVID-19.

Minnesota lost 416,300 jobs from February through April 2020 as the pandemic began. The state has since gained 272,700 jobs, or 65.5 percent of the jobs lost.

“It’s great to see continued job growth, especially after the strong month we had in July,” DEED Commissioner Steve Grove said. The state revised its July job growth numbers Thursday, adding 2,600 more to the 14,500 already reported.

The tight labor market has helped boost the average wages and weekly hours the past year, according to DEED. The average hourly wage for private-sector employees rose 9 cents in August, and $1 over the past 12 months, a 3.2 percent increase. Meanwhile, the weekly hours average in the private sector rose 1.1 percent the past year.

The state’s unemployment rate fell from 3.9 percent in July to 3.8 percent in August. Nationally, the August rate stood at 5.2 percent.

WHO IS HIRING

The following Minnesota industries saw job increases in August:

  • Manufacturing, up 2,300 jobs.
  • Leisure and hospitality, up 2,000.
  • Trade, transportation and utilities, up 1,500.
  • Financial activities, up 1,300.
  • Professional and business services, up 900.
  • Construction, up 600.

WHO CUT JOBS

The following industries cut jobs in August:

  • Government, down 1,900 jobs.
  • Education and health services, down 1,200.
  • Information, down 600.
  • Other services, down 500.
  • Mining and logging, down 100.

 

google news
Continue Reading

News

Barbie introduces 2 new dolls in honor of Hispanic Heritage Month

Published

on

Barbie introduces 2 new dolls in honor of Hispanic Heritage Month

Photo: Mattel 2021

SAN FRANCISCO, Calif. (KRON) — On the first day of Hispanic Heritage Month, Barbie announced the creation of two unique “role model” dolls: Celia Cruz and Julia Alvarez.

“Through their legendary careers and bravery in self-expression, Celia Cruz and Julia Alvarez continue to inspire generations of young Latinos to proudly tell their stories,” a statement from Barbie read.

Cruz was a Cuban-American singer and one of the most popular Latin artists of the 20th century.

In a career that spanned six decades, she became known internationally as the “Queen of Salsa”. Cruz was a true pioneer of AfroLatinidad, which focused on the African elements of her identity in a time when it wasn’t so popular to do so.

Over the course of 60 years, Cruz recorded more than 80 albums and songs, earned 23 Gold Records and won five Grammys.

Cruz died in 2003 after a battle with brain cancer — but her legacy lives on.

Alvarez is a Dominican-American poet, novelist and activist. She is regarded as one of the most successful and significant Latina writers of her time.

She has written novels, collections of poems and numerous books for young readers.

Her awards include the Pura Belpré and Américas Awards, the Hispanic Heritage Award and the F. Scott Fitzgerald Award.

Additionally, she received the National Medal of Arts from President Barack Obama in 2013.

Alvarez shared her thoughts on social media in reaction to becoming a Barbie.

“Who knew I would grow up to become a @Barbie? I’m so honored to have a one-of-a-kind me in celebration of #HispanicHeritageMonth, along with the iconic Celia Cruz! I hope this can encourage young Latinas to share their gifts with the world,” she wrote.

Barbie says the dolls were created to celebrate Cruz and Alvarez, but will not be available to purchase.

Hispanic Heritage Month is celebrated every Sept. 15 through Oct. 15 to honor the histories, cultures and contributions of those who came from Spain, Mexico, the Caribbean and Central and South America.

google news
Continue Reading

News

Co-workers rescue man trapped under fallen truck

Published

on

Co-workers rescue man trapped under fallen truck

ARNOLD, Mo.– A man trapped under a large truck was rescued by co-workers this morning. It happened on the 1300 block of Londell Drive.

The Rock Community Fire Protection District the large truck fell off the jack stands in the garage.

Bommarito Automotive Skyfox was over the scene as firefighters were assessing the situation.

Officials say he suffered minor injuries and was alert and talking with first responders arrived.

The man was transported to Mercy South to get checked out.

google news
Continue Reading

News

“Jeopardy!” hosts: Mayim Bialik, Ken Jennings will finish 2021

Published

on

“Jeopardy!” hosts: Mayim Bialik, Ken Jennings will finish 2021

NEW YORK — Mayim Bialik and Ken Jennings will split “Jeopardy!” hosting duties for the remainder of 2021.

Sony Pictures Television announced the plan Thursday, the same week that episodes filmed by ousted host Mike Richards are airing.

google news
Continue Reading

Trending