EXCLUSIVE AND OPINION: Ranking the Top 20 Cities for Amazon’s Second Headquarters (Part 2)

By Nick Baum

Note: DON’T READ THIS POST IF YOU HAVEN’T LOOKED AT THE ORIGINAL PART ONE. LINK HERE: https://thedailynick.com/2018/05/06/exclusive-and-opinion-ranking-the-20-cities-for-amazons-second-headquarters-part-1/

Ever since Amazon first announced they will build a second headquarters, 238 cities across North America sent bids in hopes to obtain the new headquarters, and now, only 20 remain, and the final ten of them will be ranked.

10. Denver, Colorado – The mile high city has been a commercial and tech hub in the mountain region, attracting startup companies for its growing population and skill set. The city also gives out tax breaks and has often looked up to larger companies, giving the city a chance.

9. Dallas, Texas – Dallas is a city that has all of the abilities and needs that Amazon is looking for. Transportation, check. Education, check. Innovation, check. What brings Dallas down however is other cities being able to do the same necessities, but better. Nevertheless, Dallas has a good shot

8. Philadelphia, Pennsylvania – The city of brotherly love has seen a massive breakthrough of innovation and commercial success over the past years, and doubled with close vicinity to New York City and other candidate city Newark, gives the city to admire.

7. Miami, Florida – Much like Philadelphia, Miami has seen a recent influx or corporations wanting to move to city that can offer more space and less tensions. Miami is also a city built on tourism and vacationing, not companies. So, while smaller companies might enjoy the increased chances of profit, Amazon might see some difficulty despite the abilities Miami contains.

6. Toronto, Ontario, Canada – Being the only Canadian city on this list, Toronto can perform differently from the rest of the mainstream American crowd, and his the abilities to use different strategies through tax breaks and incentives. Much like New York, it is a powerhouse and is the highest market in Canada, also bringing expensive costs into question.

5. Chicago, Illinois – The windy city is a city that can offer lots to Amazon. It has low costs, lots of commercial success, transportation and airports, and much more, only bringing into question the city’s high crime rate, looking rather unattractive.

4. Columbus, Ohio – This smaller city is still the biggest in Ohio, and can offer low costs as well as transportation between two other Ohio cities, Cleveland and Cincinnati. Columbus has a relatively small market, but hopes for a new rebirth in the city’s economy if Amazon comes in, which is hopeful.

3. Northern Virginia, Virginia – This section of the state can offer the same benefits of Washington DC, but without the high tax rate and limited space. Innovation has been spreading throughout the region, with many companies calling the state home. That mixed with the amount of space available and tax cuts, means Northern Virginia is a top contender.

2. Austin, Texas – The capital of Texas is a very successful city that has been growing large in size ever since the great recession. Contrasting from other entries, Austin has a relatively conservative government, meaning there are more lower taxes as well as space for bigger companies. All in all, and politics aside, Austin has a major chance.

1. Atlanta, Georgia – What other city provides everything that Amazon is looking for in a new headquarters, but in such a good way? Atlanta. The city was founded as a major transportation hub, but has seen an increase in companies and corporations in the area. Atlanta gives plenty of tax breaks to both companies and movies, which is why many movies and tv shows have been shot there, including the Walking Dead, Stranger Things, the Hunger Games, and Baby Driver have been filmed there. Atlanta has the best shot, every requirement Amazon needs the city is one step ahead, making their chance the best of all.

Sources: CNBC, TheDailyNick (Part 1), Tech Crunch, Wall Street Journal

EXCLUSIVE AND OPINION: Ranking the 20 Cities for Amazon’s Second Headquarters (PART 1)

By Nick Baum

SUNDAY – 5/6/18

Ever since Amazon has announced a new second headquarters, hundreds of cities across North America raced to prove why they were best for the company to move its new location. Out of the over 200 bids, came just 20 finalists, ranked. (List goes from least likely to most likely)

20. Washington D.C. – D.C. definitely has some advantages, as having a headquarters in the capital of America as well as an up and coming tech hub can give power to the company. However, take into account the amount of space available in DC as well as high taxes and costs.

19. Montgomery County, Maryland – Montgomery County has a strategic location for Amazon, being squeezed in between both D.C. and Baltimore. Unlike DC, Baltimore didn’t make it to the finalists so the fact that the county of about a million people can rival major cities with their education and transportation proves promising. However, similarly to DC, Montgomery County has very high taxes, and not enough space in the densely populated area.

18. Nashville, Tennessee – Nashville is a center for innovation in the Tennessee area, with many companies flocking to the innovation center. However, the city’s lack of education as well as proximity from any major transportation lines proves to be hard on the city’s bid.

17. Indianapolis, Indiana – Similar to Nashville, Indianapolis is the center of the regional area around, with many companies and important programs in Indiana being centered there. However, the lack of an economy as well as a bigger rival just north of them, Chicago, can prove strong against the city.

16. Newark, New Jersey – Being the smallest city on the list, Newark is the underdog in the battle for Amazon, but has the capabilities. The city is connected to railroad stretching through the east coast, has an airport a short distance from downtown, and is also home to Amazon’s Audible, an audio-book company, as well as having education and tons of space in the city. However, the small size of the city, negative publicity due to its very high 7 billion dollar bid, as well as close proximity to two other candidates, New York and Philadelphia, can prove to be costly for the Brick City.

15. Pittsburgh, Pennsylvania – The western Pennsylvanian industrial powerhouse definitely has a shot at Amazon, but will be hard to deliver. Having lots of space in terms of both warehouses and factories, Pittsburgh can deliver. However, the lack of innovation as well as startups or new programs in the city can prove difficult.

14. Raleigh, North Carolina – Raleigh has a stable and well city that has low taxes and can always welcome a new company. However, if you take into account the lack of skills or transportation to other cities, let alone the fact that its the biggest city for miles, could be costly.

13. Boston, Massachusetts – Boston is a stronghold in the region, being the center for finance and commerce in New England while holding a fierce rivalry with New York City. Boston has strong innovation and leadership in the region, as well as strong culture and transportation for Amazon. Despite all of this though, Boston has a high tax rate, and has seen a fair share of corporations leave the city, but Boston still has a small shot at delivering.

12. Los Angeles, California – The City of Angels is dominant in the southwest, boasting lots of companies and startups throughout the region. The city has a population of 4 million, has multiple universities and has multiple airports. Despite all of this though, high taxes and homelessness could be a setback.

11. New York City, New York – The Big Apple might be the largest city in the country, attracting companies big and small and having world class universities and transportation, but similarly to Los Angeles, high taxes as well as space and many regulations in New York might damage the city’s chances, but New York still has a good shot.

The bottom 10 will be featured on Part 2.

Sources: Wall Street Journal, Tech Crunch, CNBC

Unemployment Rate Falls to 3.9%, Lowest since 2000

By Nick Baum

SATURDAY – 5/5/18

A new report by the US Department of Labor Statistics has concluded that the unemployment rate has dropped from 4.1% in March to 3.9% in April. The last time the unemployment rate has dropped below 4%, was in the later months of 2000.

The statistic has come after the stock market started to regain its footing yesterday, finishing above when it started, and is currently around 24,300. However, many don’t feel the same hope about the economy, as the last time the unemployment rate was below 4%, it came shortly before a recession.

Wage growth has also been slow this April, with barely any progress on salaries. Enthusiasm for jobs has also remained low, despite the even lower unemployment rate. However, we have yet to determine the future of the economy.

Sources: US Labor Department, Wall Street Journal

U.S. Economy Hits Second Longest Economic Expansion in U.S. History

By Nick Baum

WEDNESDAY – 5/2/18

The United States economy has hit another milestone today, marking the second longest economic expansion in American history. Economic expansion means that that the economy has grown, and the longer it can keep the streak the more confident investors are.

For 106 months since the Great Recession, the economy has grown and added jobs every month in a row since the recession under US Presidents Barack Obama and Donald Trump. The first longest economic expansion was from 1961 to 1969, recovering from post World War II and Korean War, the economy shot up under Presidents John F. Kennedy and Lyndon B. Johnson.

Despite the slow recovery and growth of the economy, most aspects of it has continued to stay steadily up. Both Presidents have kept economics as one of their main policies, as Obama invested new money into the economy and Trump introduced new tax cuts as well as reducing the unemployment rate. According to Bloomberg, it is expected that this trend can easily continue.

Sources: CNN Money, Bloomberg, MarketWatch

EXCLUSIVE: The Up and Down Economy

By Nick Baum

SATURDAY – 4/28/18

Both the economy and the stock market have gone through a roller coaster of a ride these past few months, the results of a growing economy interrupted by the possibilities of a trade war with China.

Months ago, the Dow Jones Industrial Average, the average that measures how will the stock market is doing, had hit 26,000 points, its highest of all time. While many debated on who was to credit for the spike, a trade war was soon to follow and drop it.

US President Donald Trump announced billions of dollars in new tariffs to be added in order to promote American manufacturing and industries. While this could be true, the stock market rapidly declined, and has even reached 22,000, the lowest so far this year.

Stocks could be going up once again, as signs of a trade war have faded away and peace starts to stabilize through the Korean peninsula, it can give some companies a chance at making great profits, as well as spreading influence.

Sources: Fox News, The Wall Street Journal

OPINION: Economy is in Best Shape Ever

By Nick Baum

FRIDAY – 4/13/18

This week, the weekly US jobless claim has hit its longest streak, marking yet another record accomplished in this presidency. Before, the Dow Jones Industrial Average had hit its highest mark ever, 26000, before eventually going down due to impending tariffs.

However, this proves that investors and everyday Americans wanting to make more trust Donald Trump, and Trump has targeted his main audience, the middle class. The middle class is usually the one to target the stock market, many families even rely on it. On the campaign trail, Donald Trump targeted himself to hardworking Americans, and it worked.

The evidence that the economy is strong under Trump doesn’t even stop at the stock market. The unemployment rate has tied for the lowest point in history, tying the unemployment rate of 4.1% in 1976 under Gerald Ford, also a Republican. To put it simply, you can trust Republicans with our jobs AND our economy, and that includes the accomplished Donald Trump.

Sources: The Wall Street Journal, NBC News

US-Russia Relations Threatened over Syrian Attacks

By Nick Baum

THURSDAY – 4/12/18

Just three days ago, the Syrian government allegedly gas attacked the rebel city of Douma, located just outside of Damascus. The attack targeted hospitals, schools, and public services, and was estimated that it killed at least 70 people.

The attack itself, which was denied by the Syrian government, sparked international outrage after it broke headlines. US President Donald Trump called for a “major decision” to come in the next 24 to 48 hours. So far, it is Trump’s last day to make his “major decision” as many officials both at the Pentagon and Capitol Hill urge him to missile Syria.

Russia released a statement stating that any missiles shot at Syria will be brought down. Trump also tweeted out, stating that US-Russia relations had hit an all time low. Even after a series of communications between the White House and the Kremlin, disagreements has persisted over Syria.

Military officials, both current and former, have agreed that Russia’s defense is “formidable”, but further attacks and measures are needed against Syria. If missiles are fired, then not only can relations between the two countries be jeopardized, but trade between the two countries could go down as well.

Sources: The Wall Street Journal, BBC