Why Amazon canceled its plan to build HQ2 in NYC

Are Americans growing more skeptical of promises of investment from massive (digital) companies?

NEW YORK, NY - JANUARY 30: Protestors rally against Amazon and the company's plans to move their second headquarters to the Long Island City neighborhood of Queens, at New York City Hall, January 30, 2019 in New York City. Some Queens community members and activists say Amazon's move to Queens will further gentrify neighborhoods in the area and add more stress to an already struggling infrastructure system. (Photo by Drew Angerer/Getty Images)
  • Amazon had spent years on a controversial campaign to select cities where it plans to build giant corporate campuses.
  • In November, the retail giant announced plans to build its so-called HQ2 in Virginia and New York.
  • On Thursday, Amazon cancelled its plans to build in New York following backlash from local lawmakers, union leaders, and protestors.
Keep reading Show less

China's double boom: From ‘Made in China’ to ‘Sell to China'

China's export growth model hit a wall. So it reinvented itself.

  • China is no longer an impoverished manufacturer of the world's products; it is a major consumer market of 1.4 billion people.
  • When its manufacturing boom hit a wall, China changed tactics and invested heavily in consumerism at home – a second boom that will make China king.
  • Global brands are desperate for a piece of China's $5 trillion private consumer market.
Keep reading Show less

This Elon Musk interview from 1999 explains his success

When he first became a multi-millionaire, Elon Musk shared how his vision led to success.

  • Elon Musk saw that you could make money on the internet back in 1995, when most people didn't.
  • He explains that he's not interested in money as much as in starting companies.
  • Musk likes to pursue new ideas like a "new game".
Keep reading Show less

Should you invest in China's stock market? Know this one thing first.

Despite incredible economic growth, it is not necessarily an investor's paradise.

  • China's stock market is just 27 years old. It's economy has grown 30x over that time.
  • Imagine if you had invested early and gotten in on the ground floor.
  • Actually, you would have lost money. Here's how that's possible.

Income equality is getting worse. Can the co-op model solve this problem?

Co-ops are more pervasive than you think. They just suffer from a marketing problem.

Photo by Roberto Machado Noa/LightRocket via Getty Images.
  • The cooperative model accounts for $154B every year in America.
  • America leads the world with cooperatives, with over 30,000 businesses operating under this model.
  • Co-op advocate Nathan Schneider believes this model can help level the economic playing field.
Keep reading Show less