1. Amazon’s New HQ
Amazon has narrowed down their search for the new HQ in three cities: Dallas, TX, New York City and Crystal City, VA. What does each city have to offer? Amazon isn’t giving a lot away but there have been property purchases in play; cities preparing to be the winning contestant. A group of developers in Dallas have already purchased property, earmarking it for the presumed move. The company did admit their desire for Dallas due to its low cost of living, public-private incentives and the fact that Texas doesn’t collect personal income taxes. Crystal City is also desirable as it’s in the DC area, close proximity to one of CEO Jeff Bezos’ homes and his owned Washington Post newspaper. Amazon is expected to make their decision by the end of this year, however, forerunners such as Atlanta, Denver and Toronto could surprisingly come out on top as Amazon isn’t giving away any hints to their decision.
2. Most Expensive Midterm Elections. Ever.
As election day is just one day away, nearly $3B in advertising funds have been spent on TV and radio advertisements alone; double the amount compared to what was spent in the midterms four years ago. The Center for Responsive Politics expects this number to surpass $5B, making it the most expensive midterm elections in history. The Democratic party has spent $1.5B, whereas Republicans have spent $1.3B. The most expensive races are in Florida, with the priciest market being Orlando/Daytona Beach ($110M). Even voter turnout is on the rise, as evidenced through early voting numbers, which have nearly surpassed total turnout compared to the last midterms. More to come.
(Image Source: Kantar Media/CMAG)
3. Unprecedented Google Walkout
Last week, over 20K Google employees walked out of offices worldwide to protest the company’s handling of sexual harassment allegations against key executives. Across 50 global offices from Austin to Tokyo, workers left their desks midday, listening to coworkers share personal experiences. In terms of scale, a Twitter account was created to document employees’ actions, spelling out a list of demands for Google leadership and calling for forced arbitration” in cases of sexual assault and harassment (right to sue). “Every business should wonder if a protest could be staged on their campus sometime in the future,” said Brian Solis, an analyst at the Altimeter Group. “The Google walkout sets the stage and standard for companies, that they have to take this seriously.”
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