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Seattle lawmakers axe funds for gunshot detection tech that was part of mayor’s public safety push

GeekWire

billion city budget for 2023 will not include funds sought by Mayor Bruce Harrell for gunshot detection technology. The Atlanta Police Department announced last week that it was passing on the technology after a six-month trial because it doesn’t haven’t room in its budget for the system. ShotSpotter Photo). During an Oct.

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Jeff Bezos says no thanks to Bernie Sanders’ request to testify on income inequality

GeekWire

Amazon founder Jeff Bezos will not testify at a Senate Budget Committee hearing on income inequality next week — a decision that comes hours after Senator Bernie Sanders of Vermont invited the billionaire to share his thoughts on the matter, reports CNBC. — Bernie Sanders (@BernieSanders) March 12, 2021.

.Net 139
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Recent grads working in tech are migrating to Seattle more than any other U.S. city

GeekWire

Seattle saw positive net migration for tech and finance talent from both 2021 to 2022 and 2022 to 2023. But a recent budget report from the City of Seattle warned that Seattle faces stronger economic headwinds compared to the rest of the country due in part to its reliance on the technology industry.

.Net 124
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Google Cloud growth slows as Alphabet net income plunges

CIO Business Intelligence

Even though Google Cloud revenue growth showed signs of slowing, it nevertheless provided something of a bright spot as parent company Alphabet — hit hard by the tightening of customer budgets — posted a year-over-year decline in net income for its 2022 fourth quarter. Net income (profit) was $13.6 billion, up just 1% from $75.3

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Seattle evaluating its own capital gains tax following new state law

GeekWire

” Mosqueda, also the city council’s budget chair, said she is not considering pursuing a capital gains tax ordinance independently. “If you are looking for a local jurisdiction that does not impose a net income tax, but does tax capital gains, I don’t have an example.”

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$10B Bezos Earth Fund hires a long-time global leader on climate issues as president and CEO

GeekWire

The organization noted that during his tenure the organization, whose reach spans more than 60 countries, grew its staff five-fold and its budget quadrupled between 2012 and 2021. — Dr. Andrew Steer (@AndrewSteerWRI) March 9, 2021. It’s unclear what role Bezos will play in the fund going forward.

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Wealth tax proposal in Washington state reignites debate over taxes and tech talent migration

GeekWire

Jay Inslee this week proposed a new wealth tax to help generate revenue for government programs and address a multi-billion dollar budget shortfall. He also believes that high net worth individuals the people who make angel investments in startups and invest in venture capital funds will depart.

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