A Bezos-Biden squabble: Can corporate taxes tame inflation?
Bezos Biden Inflation FILE - Amazon CEO Jeff Bezos speaks during his news conference at the National Press Club in Washington, Sept. 19, 2019. In 2017 and 2018, Amazon paid no income tax despite earning billions in profits. On the actual policy question — whether raising corporate income taxes would in fact restrain inflation — most economists give Biden the edge, with a caveat. A higher corporate income tax would leave companies with less money to invest in extra capacity, Auerbach said. “In the long run, it would be true that you’d expect prices to be higher as a result of a higher corporate tax,” Auerbach said.
wftv.comThe White House fires back at Jeff Bezos, saying it 'doesn't require a huge leap' to understand why he opposed an economic agenda that taxes the super-rich
Bezos lambasted the White House for pushing a plan he claimed would worsen inflation, and said Manchin "saved them from themselves."
news.yahoo.comJeff Bezos said the new 'disinformation board' should review Biden's tweet that tied high inflation to low corporate taxes, calling it 'misdirection'
Biden said making "sure the wealthiest corporations pay their fair share" could lower inflation, but Amazon's Bezos said the issues weren't connected.
news.yahoo.comRivian sold Wall Street on an electric SUV. Then reality hit.
Rivian, the start-up maker of battery-powered SUVs and trucks with prices starting at around $80,000, was billed as the next Tesla and is backed by Amazon and Ford. Then it ran into supply chain disruptions, production delays and a recall.
washingtonpost.comNew York appeals court dismisses AG suit against Amazon
Amazon-Lawsuit-Dismissed FILE - New York State Attorney General Letitia James speaks during the New York State Democratic Convention in New York, Thursday, Feb. 17, 2022. An appeals court in New York has dismissed James’ lawsuit against Amazon, Tuesday, May 10. (AP Photo/Seth Wenig, File) (Seth Wenig)NEW YORK — (AP) — An appeals court in New York dismissed New York Attorney General Letitia James’ lawsuit against Amazon over its coronavirus safety protocols and a former employee who led the successful union organizing effort on Staten Island. They include Chris Smalls, the fired Amazon worker who now heads the Amazon Labor Union, and Derrick Palmer, the group's vice president of organizing. Palmer, who was given a final written warning in the early days of the pandemic, is still employed at Amazon.
wftv.comLabor agency: Amazon union's meeting complaints have merit
NEW YORK — (AP) — The National Labor Relations Board has found merit in a union charge that Amazon violated labor law in New York City’s Staten Island by holding mandatory worker meetings to persuade its employees not to unionize. The labor board has in the past allowed employees to mandate such meetings, which are routinely held at companies like Amazon and Starbucks during union drives. The agency's determination was shared Friday with an attorney representing the Amazon Labor Union, which filed the charge in the lead-up to the first successful U.S. organizing effort in the retail giant's history. The attorney, Seth Goldstein, called it “a big victory.”An NLRB spokesperson said the agency will issue a complaint against Amazon unless the retailer agrees to a settlement. If the company doesn’t settle, the complaint would trigger an administrative court process where both parties can litigate the case.
wftv.comBrazil's Amazon deforestation hits record for month of April
It marked the first time that deforestation alerts have surpassed 1,000 square kilometers during a month in the rainy season, which runs from December to April. Deter data previously showed 430 square kilometers of deforestation this January, more than quadruple the level in the same month last year. In February, it reached 199 square kilometers, up 62% from 2021. Amazonas state led deforestation in April, overtaking the states of both Para and Mato Grosso for only the second time on record. Historically, the opening and paving of highways has been the main driver of Amazon deforestation.
wftv.comNew this week: 'The Offer,' Kehlani, 'I Love That for You'
This week’s new entertainment releases include new music from Future and Kehlani, a 10-episode Paramount+ series that dramatizes the behind-the-scenes story of the making of “The Godfather,” and the comedy “I Love That for You” starring former “Saturday Night Live” cast member Vanessa Bayer as a woman longing to be a home shopping channel host.
Big Tech faces 'major' EU law on hate speech, disinformation
European Union officials are nearing agreement on a sweeping new law aimed at protecting internet users by forcing big tech companies like Google and Facebook to step up their efforts to curb the spread of hate speech, disinformation and other harmful content.
New step to curb tech giants' power advanced by Senate panel
Congress has taken a new step toward reining in the market dominance of Big Tech. Bipartisan legislation advanced by a Senate panel would bar the dominant online platforms from favoring their own goods and services over those of rivals on the platforms.