Deutsche Bank freezes North Carolina expansion over NC law

[cal04]

Source: marketwatch

In the latest sign of fallout over a controversial North Carolina law that eliminates antidiscrimination protections for lesbian, gay and transgender people, Deutsche Bank AG said Tuesday it is halting plans to add 250 new jobs outside Raleigh.

The German bank already employs about 900 people at a software-application development center in Cary, N.C., and announced plans in September to add 250 new positions to its operations in the Raleigh suburb.

A week ago, online-payment firm PayPal Holdings Inc. said it wouldn't open a new 400-employee global operations center in Charlotte because of the new state law.


The controversial law requires transgender people to use the public bathroom corresponding to the gender on their birth certificate.



Read more: http://www.marketwatch.com/story/deutsche-bank-freezes-north-carolina-expansion-2016-04-12

[klook]

1. This is becoming a bigger deal.

Charlotte is a huge regional banking hub, and Raleigh-Durham is a high tech zone. The state really doesn't want to lose these opportunities, and this could continue to snowball.

[RKP5637]

2. These idiotic and bigoted legislatures live in a bubble. They just don't get how F'ed up they are.

[Elmer S. E. Dump]

7. And I am just splitting a gut watching this develop!

[RKP5637]

11. It's incredible!!!

[closeupready]

3. K&R - lawmakers in NC may hate their gay siblings and families, but most people don't.

Most people in the civilized world, that is. K&R

[blm]

18. Well put.

Grazie.

[sarge43]

4. Good. That should leave a mark. n/t

[Pacifist Patriot]

8. I see what you did there.

[sarge43]

10. It wasn't intentional. Duh. :) n/t

[Amimnoch]

21. ROFL! Took me a second.

Great catch

[Iggo]

9. Ha!

Took me a second.

[RoccoR5955]

16. Nah, but I bet a couple of million Euros will leave! n/t

[mnhtnbb]

5. In the short run this is hurting NC a lot. In the long run, it may help us vote

the damn Republicans out in November.

[AlbertCat]

13. THIS ^^^

Also, I hope other states are watching....

[Duval]

15. We'll work hard to do just that!!

[barbtries]

17. jeez i hope so.

it's hard to even imagine how much more damage they can do. but they will if they can.

[Democat]

6. Will right wing companies move their headquarters to NC?

Who needs banks when you might get the John Birch Society headquarters?

[Bad Dog]

12. Deutsche Bank are a German company.

It wouldn't have looked good for them to expand into such a backward state. This way they can be seen to have acted morally off their own backs instead of being pressurised by German public opinion.

[iandhr]

14. Regardless it sends a powerful message that needs sending.

Bigotry hurts your wallet.

[Bad Dog]

22. It will be more powerful when they start closing down businesses.

[herding cats]

19. I'm loving watching this snowball on them.

You legislate hate, and you pay the price. In this case the price of hate keeps escalating daily!

[AllyCat]

20. NPR interviewed a Dem (Goodman?) who voted for it

That makes them balanced, right? Anyway, he says all these boycotts will simmer down and NC will attract business because of their excellent markets. Nothing to worry about. Also, his wife says 5 year olds in her classroom understand boys shouldn't use girls bathrooms and vice verse. So there is no problem.

[mnhtnbb]

23. One of the Dem House Representatives who voted for it (the Senate Dems all walked out)

has walked back his vote yesterday and apologized. Says he will work to repeal it when
the Legislature reconvenes later this month.

http://www.indyweek.com/news/archives/2016/04/11/rep-billy-richardson-democrat-who-voted-for-hb-2-i-made-the-wrong-vote

[lark]

24. Too late asshole

He should have never even thought of voting yes. That he realized this was economic suicide later is not good enough, he still needs to be primaried and removed.

[lark]

25. PS - to be clear, the name was for the legislator, not the poster

[mnhtnbb]

26. No worries.

I wrote an e-mail to every one of the 11 Dem Reps who voted for HB 2 and told them they
should be ashamed of themselves. I'm not surprised to see them cracking--or at least one--
anyway. Unfortunately, the deadline for filing to run for Rep in the NC House was last December.