ralph lauren polo shirts on sale but does Amazon need the industrial Midwest
The industrial Midwest needs Amazon. But does Amazon need the industrial Midwest?
That’s roughly the theme of this analysis from Sara Potter, a vice president and associate director of market analysis at financial research firm FactSet.
Potter notes that of the 238 cities and regions that have bid for the $5 billion Amazon HQ2 project, five industrial Midwestern cities Cleveland, Buffalo, Chicago, Detroit and Pittsburgh stand to benefit the most, if selected by the e commerce giant.
Business Insider summarizes her case for them this way:
First and foremost, each of those five locations have populations of 1 million or more, as well as a median home price that’s below the national average, and an unemployment rate that’s above it.
And with the exception of Chicago, they’re all declining manufacturing hubs that could use a shot in the arm. Further, Potter finds that population growth in each of the five cities has lagged the national average since 2010.
Screening the 238 city list for these attributes, she arrives at the Rust Belt quintet.
Based on Amazon’s full wish list for the second headquarters , which includes factors such as “a stable and business friendly environment,” an “urban or downtown campus” and “a similar layout to Amazon’s Seattle campus,” Potter puts 15 cities into the mix, including three in Canada and southern cities such as Atlanta, Birmingham and Houston.
She concludes, “It appears that all 15 cities identified above have submitted bids, either related to their specific metro area or as part of larger state or regional proposals. Obviously, Amazon will base its final decision on a wider range of economic factors than we have isolated here, as well as the vision for the new site as described in the various proposals. But imagining the potential benefits of this move, while acknowledging the negatives, is still an interesting exercise.”
THIS AND THAT The New York Timesasked people around the country who make at least $200,000 a year what wealth means to them. Among the respondents: Rachel Talton, 52, founder of the Flourish Conference for Women in Leadership and CEO of Synergy Marketing Strategy Research in Akron, who says wealth primarily is about community, good health and service to others. “I know we are blessed financially because we have the freedom to do the things that we want not only today but tomorrow,” Talton, who lives with her husband in Richfield, tells The Times. Talton, who earned a doctorate at the Weatherhead School of Management at Case Western Reserve University, tells the newspaper that financial success doesn’t guarantee happiness, but it provides a kind of freedom. “Wealth means loving what you do and the contributions that you make,” she says. “It means being able to be financially free to do the things you love, to live the way you want to live. veterans and advocates this Veteran’s Day “are focusing on how to help victims of the crisis,” and one of the efforts is taking place in Cleveland. government and health care officials “have been struggling to stem the epidemic of overdoses, which killed more than 64,000 Americans in the 12 months ending last January alone, a 21% increase over the previous year, according to the Centers for Disease Control,” the news service reports. About 65,000 Americans died in Vietnam, Iraq and Afghanistan. One effort to address the issue has stalled in Congress: the proposed Veterans Overmedication Prevention Act, sponsored by Sen. John McCain. (It’s aimed at researching ways to help Veterans Administration doctors rely less on opioids in treating chronic pain.) However, Reuters says the VA system “has stepped up its efforts to address the crisis, having treated some 68,000 veterans for opioid addiction since March.” The department’s Louis Stokes VA Center in Cleveland has also begun testing alternative treatments, including acupuncture and yoga, to reduce use of and dependency on the drugs, the VA said.
Barron’sreports that even an earnings beat wasn’t enough to keep the stock of Cleveland based aerospace supplier TransDigm Group from falling significantly on Thursday, Nov. 9. “The shares fell to the bottom of the S 500 after aerospace parts company unveiled mixed fiscal fourth quarter results and gave disappointing sales guidance for the new fiscal year,” the paper notes. “The stock fell 6.8% to close at $265.58 a share, making it the worst performing stock in the S 500.” The company’s market capitalization fell to $13.8 billion from $14.8 billion yesterday. Per shares earnings of $3.48 “bested consensus of $3.41 as a better than expected operating margin and a lower tax rate offset slowing sales growth,” Barron’s says. But revenue growth “slowed to 6%, translating to a top line of $923.9 million, below the $956.54 million expected.”