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In a New York Times op-ed published Saturday evening, New York City Mayor Bill de Blasio condemned Amazon for its decision to pull the plug on its HQ2 expansion in Queens, calling it a byproduct of massive economic power concentrated in the hands of few wealthy corporations.

"As the mayor of the nation's largest city, a place that's both a progressive beacon and the very symbol of capitalism, I share the frustration about corporate America. So do many of my fellow mayors across the country. We know the game is rigged. But we still find ourselves fighting one another in the race to secure opportunity for our residents as corporations force us into all-against-all competitions.
Amazon's HQ2 bidding war exemplified that injustice."

The big picture: De Blasio suggested that had Amazon taken the time to "talk in earnest" with local activists, the project — which "could've opened a path to the middle class for thousands of families" — might have been salvaged. Instead, Amazon decided it "didn't want to be in a city where they had to engage critics at all," which de Blasio called "a pattern."

  • "When Seattle's City Council passed a tax on big employers to fund the battle against homelessness, the company threatened to stop major expansion plans, putting 7,000 jobs at risk. The tax was rescinded."
  • De Blasio also highlighted the recent reports that Amazon paid $0 in federal income tax in 2018, despite record profits. He called it "galling," especially at a time when middle-class Americans are reportedly seeing smaller tax returns as a result of President Trump's tax plan.

The bottom line, according to de Blasio: "We just witnessed another example of what the concentration of power in the hands of huge corporations leaves in its wake. Let's change the rules before the next corporation tries to divide and conquer."

Go deeper:

Go deeper

The rebellion against Silicon Valley (the place)

Photo illustration: Sarah Grillo/Axios. Smith Collection/Gado via Getty Images

Silicon Valley may be a "state of mind," but it's also very much a real enclave in Northern California. Now, a growing faction of the tech industry is boycotting it.

Why it matters: The Bay Area is facing for the first time the prospect of losing its crown as the top destination for tech workers and startups — which could have an economic impact on the region and force it to reckon with its local issues.

Erica Pandey, author of @Work
1 hour ago - Economy & Business

Telework's tax mess

Illustration: Annelise Capossela/Axios

As teleworkers flit from city to city, they're creating a huge tax mess.

Why it matters: Our tax laws aren't built for telecommuting, and this new way of working could have dire implications for city and state budgets.

Wanted: New media bosses, everywhere

Illustration: Sarah Grillo/Axios

The Washington Post, Los Angeles Times, Reuters, HuffPost and Wired are all looking for new editors. Soon, The New York Times will be too.

Why it matters: The new hires will reflect a new generation — one that's addicted to technology, demands accountability and expects diversity to be a priority.