Economy

Amazon CEO says 'HQ2' decision will be announced before end of year

Amazon CEO says 'HQ2' decision will be announced before end of year

Amazon chief Jeff Bezos is putting $2bn (£1.5bn) into a charitable fund he has established to help the homeless and set up a new network of schools.

But he paraphrased Washington Post editor Martin Baron as saying that "the adminstration may be at war with us, but we are not at war with the administration". "What the president should say is, 'This is right, I'm glad I'm being scrutinised.' That would be so secure and confident".

"We live in an age in which the winners have done incredibly well and perhaps the majority of working Americans haven't", said Anand Giridharadas, author of "Winners Take All: The Elite Charade of Changing the World".

But the attacks on the press - while risky - aren't stronger than USA institutions, Bezos said. "But it turns out in life that your most important decisions are always made with instinct, intuition, taste, heart".

Trump in the spring repeatedly said without evidence that package deliveries by the U.S. Postal Service for Amazon were costing the service money. Nobody in their garage is going to build an all carbon fiber, fuel efficient Boeing Co.

Bezos solicited ideas on Twitter previous year for ways to donate some of his wealth. But I will say this - it is a mistake for any elected official, in my opinion, I don't think this is a very out-there opinion, to attack media and journalists. "It is unsafe to demonize the media". "So, we've made tremendous progress. and we will get there".

At least 150 North Carolina residents stranded, as Hurricane Florence nears
At least 150 people are still waiting to be rescued from the attics and rooftops of their homes as of 1 p.m. Friday, said New Bern Mayor Dana Outlaw, whose adult daughter had 1 foot of water in her own home, he said.

Bezos's fortune comes mainly from his stake in Amazon, the diversified online firm which briefly hit $1 trillion in market value this month and is the second most valuable company after Apple.

More than two decades later, Amazon earns more than $177 billion annually, while Bezos has a personal net worth of more than $160 billion and various side projects, including the space tourism firm Blue Origin and ownership of the Washington Post.

To support his point, Bezos, the richest person in the world, used Boeing as an example. He said he was mulling a philanthropic strategy that is "the opposite of how I mostly spend my time".

"I've never sought that title", Bezos said.

On Thursday, the founder and CEO of Amazon announced the creation of the Bezos Day One Fund, an initiative to create a network of free Montessori-based, preschools in under-resourced neighborhoods and to support groups benefiting homeless families.


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