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Shark Tank's Corcoran on Amazon-NYC deal: 'I’m so upset over this'
Yahoo Business ^ | 2/21/19 | Aarthi Swaminathan

Posted on 02/22/2019 6:03:29 AM PST by TangledUpInBlue

Shark Tank's Corcoran on Amazon-NYC deal: 'I’m so upset over this'

Aarthi Swaminathan 15 hours ago .

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Barbara Corcoran: False Fear and Politics Killed the Amazon NYC HQ2 Deal

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Some people in Queens may be cheering over Amazon’s escape from New York City, but real estate queen and Shark Tank investor Barbara Corcoran definitely isn’t.

When it first came out, it was “the best news I heard in the 40 years I've been the real estate business,” Corcoran told Yahoo Finance’s On The Move. “I saw it as the beginning of a phenomenal wave that was going to reinvent the city and make everybody say wow they've got their game going. They won the bid.”

But after Amazon (AMZN) called off the plans to build its second headquarters, she was stunned — and worried: “The fallout is that other large companies thinking of following their heels, thinking that New York was the ‘it’ place to be, the place where you really want to plunk down a ton of money and create a lot of jobs. [Now] they're pausing and thinking about it.”

The loss of 25,000 jobs — among other benefits — was unthinkable to Corcoran.

“You know it's it's a shame,” Corcoran continued. “I'm so upset over this, I have to say. Because I really believed that New York was going to go through a new renaissance.”

(Excerpt) Read more at yahoo.com ...


TOPICS: Business/Economy; News/Current Events; US: New York
KEYWORDS: amazon; barbaracorcoran; bezos; corcoran; jeffbezos; newyorkcity; nyc; sharktank
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Opportunity cost is a concept lost on the likes of Occasional Cortex.

I have to say though, good for Corcoran. I like her and her story. She's respected and maybe the fallout from this will be severe enough for the DNC to send AOC packing in 4 years.

1 posted on 02/22/2019 6:03:29 AM PST by TangledUpInBlue
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To: TangledUpInBlue

She’s respected and maybe the fallout from this will be severe enough for the DNC to send AOC packing in 4 years.

*****************

I hope not. AOC and her like minded radical associates are the only thing that make Republicans worth voting for. ;)


2 posted on 02/22/2019 6:07:54 AM PST by Starboard
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To: Starboard

Upset over THAT? I don’t think she has to worry about much.


3 posted on 02/22/2019 6:12:25 AM PST by DIRTYSECRET (urope. Why do they put up with this.)
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To: TangledUpInBlue

Well, New York could have 250,000 new jobs tomorrow if they would change their tax and regulatory structure to welcome them. Bribing Amazon and offsetting the cost by continuing to loot small and medium-sized businesses would only have been a cosmetic win. AOC’s faction, however, detests smaller businesses as unmanageable opponents of the Revolution, so her defeat of Amazon helps no one but the radical Left - who believe “The worse, the better.”


4 posted on 02/22/2019 6:13:34 AM PST by Mr. Jeeves ([CTRL]-[GALT]-[DELETE])
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To: Starboard

She’s respected and maybe the fallout from this will be severe enough for the DNC to send AOC packing in 4 years.


She’s a house representative. They can send her packing in two years. It’s gonna be a fun two years, though. :)


5 posted on 02/22/2019 6:13:42 AM PST by cuban leaf
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To: TangledUpInBlue

But she cited the impossible...get rid of the politicians wanting to make a big name for themselves, get rid of the community people fanning the flames and fighting the move, get rid of all the old grievances.

Not gonna happen.


6 posted on 02/22/2019 6:14:27 AM PST by moovova
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To: Starboard

No. Democrats will continue to be far left, extremist loudmouths. Republicans have not been worth voting for but Trump is gradually dragging them, kicking and whimpering, to positions of Constitutional integrity. Just maybe we will see a real difference.


7 posted on 02/22/2019 6:16:55 AM PST by Louis Foxwell (The denial of the authority of God is the central plank of the Progressive movement.)
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To: TangledUpInBlue

That's okay, because NYC has something even better, Girl Power and magic unicorns!

8 posted on 02/22/2019 6:19:20 AM PST by chris37 (No wall? No vote.)
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To: TangledUpInBlue
Image result for Barbara Corcoran
Barbara Corcoran
9 posted on 02/22/2019 6:19:21 AM PST by Robert DeLong
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To: TangledUpInBlue

Not a good prognosis for NYC. If it took over $3.5 billion of tax abatements as well as considerable regulatory relief to attract a company as big and sophisticated as Amazon, imagine how these inherent obstacles of taxes and regulations discourage ordinary investors. Now investors realize they must also placate a corrupt, huge, predatory, political class. Most will go elsewhere to invest.


10 posted on 02/22/2019 6:20:10 AM PST by allendale (.)
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To: TangledUpInBlue

I’m a NYer, and I’m against the progressive central planners handing out taxpayer money to attract favored crony-capitalists to come to this state.

5 years ago, Cuomo wasted $750 million building a plant for Solar City/TESLA in Buffalo. Of course, there was then all kinds of corruption and kickbacks because of it as politically connected people took their cuts. This factory is at about 10% of promised employment.

I agree with AOC, but for completely different reasons.


11 posted on 02/22/2019 6:29:40 AM PST by PGR88
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To: TangledUpInBlue

I love it! I celebrate it! New York has been solidly Democrat for a long time, and they want to feel the Bern.

Give them exactly what they’re asking for, meanwhile, let someplace else that’s not so communist prosper when Amazon moves there.

Yeah, ‘eff NY and everyone who lives there.


12 posted on 02/22/2019 6:31:37 AM PST by brownsfan (Behold, the power of government cheese.)
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To: TangledUpInBlue

——The fallout is that other large companies thinking of following their heels, thinking that New York was the ‘it’ place to be, the place where you really want to plunk down a ton of money and create a lot of jobs. [Now] they’re pausing and thinking about it.”-——

It can be plausibly argued that Amazon heard from other companies that got royally screwed by the city and state of New York. Amazon was likely told by companies volunteering the testimony. “Stay the hell away. Do not come to New York”


13 posted on 02/22/2019 6:36:40 AM PST by bert ( (KE. N.P. N.C. +12) Honduras must be invaded to protect America from invasion)
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To: TangledUpInBlue
AOC packing in 4 years

House reps are up for re-election every two years. Personally I'm beyond sick of seeing her horse teeth, pop-eyes, ugly features and open mouth in thirty or forty pictures a day now.

14 posted on 02/22/2019 6:38:53 AM PST by from occupied ga (Your government is your most dangerous enemy)
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To: TangledUpInBlue

You’re upset because the country is going Socialist and one day the shark will eat YOU.


15 posted on 02/22/2019 6:41:01 AM PST by Buckeye McFrog
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To: TangledUpInBlue
This kind of failure wouldn't be such a big issue when your state can subsidize their "progressive utopia" with federal tax dollars.

NY will most likely punish success with higher taxes before the leftists pay any penalty at the polls.

16 posted on 02/22/2019 6:47:33 AM PST by NativeSon ( Grease the floor with Crisco when I dance the Disco)
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To: Louis Foxwell

Republicans have not been worth voting for but Trump is gradually dragging them, kicking and whimpering, to positions of Constitutional integrity.

***************

That’s a bridge too far, even for Trump. Let’s face it, Republicans are weak, unprincipled and, unlike Trump, they are only there for themselves. They talk the conservative game just before elections as a ploy to get our votes. The reality is all they care about is doing the bidding of the special interests that fund them.

There’s not an ounce of integrity in them.


17 posted on 02/22/2019 6:48:57 AM PST by Starboard
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To: TangledUpInBlue
AO-C may think is is more important to be morally right than it is to be factually correct, I don't think that applies to intelligent folk.

AO-C is a House representative. They only serve two year terms, not four.

Get your facts straight.

18 posted on 02/22/2019 7:01:04 AM PST by HotHunt (Reagan was good but TRUMP IS GREAT!)
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To: HotHunt

Good morning to you!

It’s called a typo. Or perhaps you prefer brain flatulence.

Good God


19 posted on 02/22/2019 7:02:42 AM PST by TangledUpInBlue
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To: TangledUpInBlue
How do you "typo" a two into a four? Not even close.

I am not the spelling or grammer police. I make typos too.

But an obvious factual error needs to be corrected.

Have a good day yourself. :-)

20 posted on 02/22/2019 7:09:19 AM PST by HotHunt (Reagan was good but TRUMP IS GREAT!)
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