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Fifty thousand well-paid jobs, a billion investment, winning the affection of perhaps America's most dynamic and fast-growing company: Why wouldn't a city go all out to win Amazon's second headquarters?A few reasons, actually. And as a fight over taxes in Amazon's home city of Seattle comes to a head, some of the contenders are starting to worry about the potential side effects that could come with it.The dispute in Seattle has arisen from the rapid escalation in housing prices and a resulting surge in homelessness, due in no small part to the influx of highly paid workers employed by Amazon and other area tech companies. To help alleviate its shortage of affordable housing, several city council members proposed a?26-cent tax for each working hour at companies with more than million in annual revenue — the largest impact of which would fall on Amazon, with its 45,000 local employees.Amazon took exception to the proposal, saying that it would pause construction planning on a new skyscraper downtown and might sublease space in another that's already being built.Although Amazon has taken some steps to help ease the city's homelessness problem, such as donating space to shelter 200 homeless people in one of its new buildings and additional million to a city-managed fund for affordable housing, the measure's backers took Amazon's move as an ominous sign."Obviously Amazon can afford to pay the 26 cents," says Seattle Councilmember Mike O'Brien, who supports the tax. "It's really a question of, do they feel loved? And they're offended. They're like, 'you don't recognize all the good stuff we do in the community and we get blamed for all the bad stuff. We want to go somewhere that's more generous to us, and we're pissed.'"The council members' vote on the tax is scheduled for Monday.Amazon declined to comment for this story.Now, Amazon's resistance has others wondering how the company could help blunt a Seattle-style affordability problem in the city it chooses for its HQ2 — or whether it would.In the shortlisted city of Dallas, for example, a 50,000-person outpost would make Amazon by far the city's largest private-sector employer. The metro area is already expanding fast, having added 86,000 jobs in 2017, led by the energy and financial services industries. Housing prices have already been escalating rapidly, as builders struggle to keep up with a hot job market, and city council member Phil Kingston worries that pouring on more growth without proper planning could make life difficult for current residents."It is entirely possible to have booming economic development that fundamentally doesn't benefit its host city," Kingston says.To head off an even worse housing crunch, Kingston would like to see Amazon build a campus with space for both retail and housing, and invest its own money in affordable housing in other parts of the city. The company has been meeting with nonprofits in its potential HQ2 host cities to discuss how it could help avoid displacing longtime residents.However, the spat in Seattle makes Kingston worry about Amazon's willingness to play cities off one another in order to avoid taking responsibility for the consequences of its rapid growth in the future."If you sleep with someone who's cheating on a spouse," Kingston jokes, "you already know for a fact that person is capable of cheating."Cities do have many tools at their disposal to cushion the impact of an influx of high-income newcomers on lower-income residents.Barry Bluestone, a professor specializing in urban economic development at Northeastern University in Boston, cautions against imposing per-employee taxes, like Seattle is proposing. Instead, he says, cities should rely on personal income and property taxes, which are less likely to repel businesses or keep them from growing."Seattle and Boston share a lot in common because we've been able to take advantage of new industries," Bluestone says. "The downside is, if you don't build more housing, prices go through the roof. The answer is not to constrain demand, but increase the supply of housing."In Boston, another Amazon HQ2 contender, Bluestone is pitching high-density developments aimed at millennials and empty-nesters who are downsizing. Large employers and educational institutions, he says, would then jointly hold the master lease to these buildings with the developers and sublease the units to employees or students. Absorbing those newer residents into apartment or condo buildings could take the pressure off the city's older housing stock that's more suitable for families.That type of development would be easier in many cities — particularly places like San Francisco and Washington D.C. — if they eased zoning restrictions on building height, unit size, and parking.But still, building low-income housing may never be profitable without subsidies, and extra tax revenue to finance it can be hard to find. Many cities, including Seattle and HQ2 hopefuls Dallas, Austin and Miami, are forbidden by state law from imposing any income taxes. Others have capped property or sales taxes.That's why some groups have taken the position that their cities shouldn't be pursuing Amazon at all, whether it asks for tax breaks or not. Monica Kamen, co-director of the 60-organization Fair Budget Coalition in Washington, D.C., thinks the city should prioritize smaller businesses and community-based entrepreneurship instead."The kind of development we're hoping to see is hyper-local, looking at the folks who need jobs most in our community," Kamen says. "We don't really need more giant corporations coming here to jump-start economic development."The hesitance among some to welcome Amazon comes from a recognition that for cities, growth is not an absolute win. It comes with challenges that, if not met, can decrease the quality of life for those who live there.That's why some backers of the Seattle measure say it might not be a bad thing if Amazon sent some of its jobs elsewhere, as it's already been doing. To Mike O'Brien, Seattle could slow down a bit and still have an incredibly healthy economy — maybe even one that allows other businesses to grow faster, if Amazon weren't sucking up all the available tech talent and downtown office space.But he has one warning for Amazon's prospective new hometowns: Don't wait until homeless encampments crowd the underpasses before doing something about housing."When they start growing at thousands of jobs a month, it's too late," O'Brien says. "So you need to tell Amazon, we need to know exactly what you're going to do, and we need a commitment up front."  6710

Former Fox News anchor Shepard Smith has a new landing spot after leaving the network abruptly last fall. CNBC announced that Smith will join the network and host a 7 p.m. newscast.“The News with Shepard Smith” will launch this fall, and CNBC said that Smith will also serve as the network's chief general news anchor and managing editor of the breaking news division.“I am honored to continue to pursue the truth, both for CNBC’s loyal viewers and for those who have been following my reporting for decades in good times and in bad,” Smith said in a press release.Smith was one of FOX News' original hires when the network launched in 1996. Smith hosted "Shepard Smith Reporting" starting in 2013, and before that, was the anchor of "Studio B."CNBC, which is more geared toward financial news, said it will use Smith’s program beyond financial news.“Much like our coverage of the coronavirus pandemic, CNBC reporters and producers can go beyond the financial markets to tell rich, deeply-reported stories across the entire landscape of global news. Each evening, Shep’s program will be the place where we’ll deliver that same credible coverage of the key issues of the day,” said Dan Colarusso, Senior Vice President, CNBC Business News. 1247

First Harvey, then Irma and now ... Jose?Hurricane Jose was 840 miles east of Florida early Wednesday, with maximum sustained winds of 75 mph, making it a Category 1 storm."Jose looping over the southwest Atlantic between the Bahamas and Bermuda," the National Hurricane Center said. 291

FLINT, Mich. – The City of Flint will no longer auction off illegal guns seized by its police department. Instead, the weapons will be destroyed.Mayor Sheldon Neeley and Police Chief Phil Hart made the announcement during a press conference last week, saying they hope to keep guns off the streets.Officials say they will start by immediately disposing of 250 guns that previously had been on Flint streets.According to a press release from the city, the previous administration began auctioning off seized firearms in 2017, selling hundreds of guns to the highest bidder. That included semi-automatic rifles as well as handguns, pistols, and shotguns, the city says.Last year, the city says it auctioned off more than 1,200 guns, which brought in more than 0,000 to the city’s general fund.While gun auctions are legal and serve lawful gun buyers, the current mayor says his administration will not permit the auctioning of firearms to ensure none of weapons fall into the wrong hands again.“From Day 1, we put a priority on leading this city with a strong social conscience. Human life is always more valuable than dollars,” Mayor Neeley said. “Under this administration, we will never again line our pockets by selling guns. It is unconscionable that after seizing these illegal weapons that anyone would gamble by putting them back on the streets where they could again fall into the wrong hands.”Chief Hart says the profit from selling the firearms is not worth the risk of them being used in future violent events.“If we want to look at dollars and cents, we also have to look at the cost of gun violence in our community,” said Hart. “It does not make sense for law enforcement to be in the business of selling weapons.”The city cited a 2019 report from the Congressional Joint Economic Committee, which said gun violence costs the U.S. 9 billion annually and in Michigan, gun violence costs .9 billion — 6 for every resident.“Based on that average, the cost of gun violence in the city of Flint is at least triple the revenues the gun auctions,” the city wrote.Instead of auctioning off the guns, the weapons will be turned over to the Michigan State Police for proper disposal. 2205

FORTVILLE, Ind. — We continue to learn more about COVID-19 especially the symptoms and researchers are finding survivors are still dealing with the virus months after beating it.“Luckily for me, I did not have a severe case,” Nikki Privett said.She was diagnosed with COVID-19 in April.“I thought everything was fine. I thought, OK, the worst part was my eyes hurt to move,” Privett said.She thought she was in the clear until several months later when she says her hair was coming out in chunks.“At the end of June I noticed, you know girls our hair always falls out in the shower, but I noticed that more and more was coming out in my hands and then eventually in July it became handfuls and I was shocked and I was trying to figure out what was happening,” Privett said.“The long-term symptoms are you know there's a lot more of them than we expected,” said Dr. Natalie Lambert, an associate research professor at Indiana School of Medicine.Lambert said they’ve found COVID survivors are feeling a wide range symptom including hair loss.“We're finding that hair loss is temporary so that when the body starts to recover because it's a huge shock to have COVID-19 the virus impacts many different bodily systems at once so your whole-body needs time to recover,” Lambert said.“I hope that all of this is just temporary and that our bodies will learn to fight this,” Privett said.Lambert said a symptom that is really concerning to her and other researchers is vision changes. She said it’s important that you stay in tune with your body and question anything that doesn’t feel right.This story was first reported by Kelsey Anderson at WRTV in Indianapolis, Indiana. 1675

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