What New York Stands to Gain from an Amazon HQ (New York Times)
So with Amazon splitting HQ2, its second headquarters, between Crystal City, a part of Arlington, Va., and Long Island City, in Queens, what are we to make of tech’s steady migration to marquee cities? You may not have noticed, but New York now lags behind only San Francisco and San Jose, Calif., in tech patents. Last fall the campus of Cornell Tech, modeled after Stanford University as an innovation incubator, opened on Roosevelt Island.
Negotiating that deal may very well end up being one of the most transformative moves made by Mike Bloomberg, the city’s former mayor, according to the New York Times.
Blue Wave: It’s Official – Democrat Kyrsten Sinema Wins Republican-Held U.S. Senate Seat in Arizona (Bloomberg)
Sinema is the first woman elected to the Senate from Arizona and is the first Arizona Democrat to be elected in 30 years.
NRA Now on Defense: Gun Safety May Finally Have Momentum in Congress (New York Daily News editorial)
2020 Watch: The Trump-GOP Doomsday Scenario (Axios – Mike Allen and Jim Vandehei)
All the big trends are working against Trump and the GOP heading into 2020, based on factors that are hiding in plain sight. The midterm results were actually a terrible leading indicator for Trump, he and the GOP face two years of public investigations from three directions (Robert Mueller, State of New York and Congress) and the prolonged recovery is on borrowed time with a possible recession hitting in the thick of the presidential race.
Unintended Consequences: Trump’s Tax Cut Was Supposed to Change Corporate Behavior. Here’s What Happened (New York Times)
Nearly a year after the tax cut, economic growth has accelerated. Wage growth has not. Companies are buying back stock and business investment is a mixed bag.
King of Debt: U.S. on Course to Spend More on Debt Than Defense (Wall Street Journal)
The U.S. government is expected to spend more on interest costs than it spends on Medicaid in 2020 and more on interest in 2023 than it spends on national defense, according to the Congressional Budget Office.
Florida Recount: Trump Tells Florida to Ignore Military Ballots. Happy Veterans Day. (Washington Post)
A president who claims to support the military is against counting those votes now after telling Florida officials to call the race for Governor and Senate before all votes are counted. A Florida judge says there is no evidence of vote counting fraud and urged all sides to “ramp down the rhetoric.”
Tribute: Stan Lee, Marvel Comics’ Real-Life Superhero, Dies at 95 (Hollywood Reporter)
The legendary writer, editor and publisher of Marvel Comics was responsible for such iconic characters as Spider-Man, the X-Men, Thor, Iron Man, Black Panther and the Fantastic Four which made him a real-life superhero to comic book lovers everywhere.
Future Watch: Waymo to Start First Driverless Car Service Next Month (Bloomberg)
The age-old guessing game of how long it will take for cars to drive themselves has come to an end. The better question now: How long will it take them to reach me?
For a change of pace, here are some of the best satirical headlines from The Borowitz Report on The New Yorker’s website: