Musk says X won't leave San Francisco despite city facing 'doom spiral'

Published

2 years ago

July 31, 2023

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Billionaire Elon Musk says Twitter the social media company he is in the midst of rebranding as “X” will keep its headquarters in San Francisco despite the “doom loop” the city is facing as big-name businesses head for the exits.

Musk, who led a group of investors in acquiring Twitter that took the company private in a $44 billion deal last year, tweeted Saturday that the companys headquarters will remain in San Francisco despite receiving offers aimed at enticing the company to relocate.

“Many have offered rich incentives for X (fka Twitter) to move its HQ out of San Francisco. Moreover, the city is in a doom spiral with one company after another left or leaving. Therefore, they expect X will move too. We will not,” Musk explained.

“You only know who your real friends are when the chips are down. San Francisco, beautiful San Francisco, though others forsake you, we will always be your friend,” Musks tweet concluded.

San Franciscos economy has suffered from an exodus of businesses and residents in the last few years, creating a “doom loop” in which a local government enters a downward fiscal spiral as its tax base declines.

An urban doom loop involves a decline in workers present in offices in city centers, which results in businesses shrinking their office footprint and rental overhead.

The decline in demand causes real estate prices to fall, which in turn reduces property tax revenue while other sources of tax revenue, like sales tax, also take a hit due to the reduced traffic in downtown areas.

As the overall tax base declines, it becomes harder for city governments to fund public services like law enforcement as theyre forced to make trade-offs that include things like budget cuts or tax hikes to stabilize their finances both of which can drive more businesses and residents to depart if those policies have a negative effect on the economic climate or overall quality of life.

The growing popularity of remote work has accelerated that trend, decreasing the number of workers heading to the office on a daily basis as it becomes easier than ever for workers to live in suburban and rural areas without commuting.

The tech-heavy economy of San Francisco and criticisms of the city governments record on public safety issues have made it a case study in the dynamics that drive urban doom loops.

According to data from the Census Bureau, the population of San Francisco County declined by 7.5% from April 1, 2020, to July 1, 2022.

Commercial real estate firm CBRE released data in early July that showed that San Francisco had an overall office vacancy rate of 31.6% in the second quarter of 2023.

The CBRE report noted that in the last quarter “negative net absorption accelerated due to slow leasing activity, combined with a high volume of lease expirations and several new sublease listings.

This resulted in 1.83 million sq. ft. of occupancy loss, which increased the market-wide vacancy rate from 29.4% to 31.6%.”

Although Twitter isnt relocating its headquarters, the company has sought to shrink its office footprint in San Francisco and faced a lawsuit from its landlord earlier this year over unpaid rent although the social media company has faced similar suits at offices in Denver, Oakland and London since Musk acquired Twitter and began a broad cost-cutting push to stabilize its finances.

Amid Twitters rebrand to X, city officials filed a complaint and opened an investigation into whether the company had the proper permits to install an illuminated “X” atop its downtown headquarters.

Police had stopped the installation last week but later said there was a “misunderstanding” and that the incident was not a police matter.

City officials say a permit is required to change letters or signs on buildings or to erect a new sign on top of a building.

Politics

Mass cross-party letter demands Starmer recognise Palestine as a state

Published

3 hours ago

July 25, 2025

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Mass cross-party letter demands Starmer recognise Palestine as a state

Sir Keir Starmer is under increasing pressure to recognise a Palestinian state, with MPs signing a mass cross-party letter demanding he take the step.

The letter is being organised by the Labour backbencher Sarah Champion, who also sits as the International Development Committee Chair.

Politics Live: Starmer to have ’emergency’ Gaza call with France and Germany

They write: “British recognition of Palestine would be particularly powerful given its role as the author of the Balfour Declaration and the former Mandatory Power in Palestine”.

“Since 1980 we have backed a two-state solution. Such a recognition would give that position substance as well as living up to a historic responsibility we have to the people under that Mandate.”

Earlier this month, nearly 60 Labour MPs called on David Lammy and the Foreign Office to immediately recognise Palestine as a state in a private letter, but this new call shows how dissatisfied many still are with the government’s refusal to change its stance on the issue.

Late last night Number 10 released a statement on Gaza calling the situation “unspeakable and indefensible,” but a growing number of Labour backbenchers fear it’s not enough.

In light of a tweet by the French President Emmanuel Macron also sent last night declaring France would recognise a Palestinian state in September at a UN conference, a number of MPs now say Number 10’s current position is untenable.

“They had said they wanted to be in lockstep with allies, but this means that position won’t hold,” said one Labour MP.

Peter Kyle, the technology secretary, this morning defended the government’s resistance to calls for immediate UK recognition of a Palestinian state.

“We want Palestinian statehood. We desire it, and we want to make sure the circumstances can exist where that kind of long-term political solution can have the space to evolve and make sure that it can become a permanent circumstance that can bring peace to the entire region,” he told Sky News.

“But right now, today, we’ve got to focus on what will ease the suffering, and it is extreme, unwarranted suffering in Gaza that has to be the priority for us today.”

An emergency call with Germany and France is scheduled for today to discuss what Sir Keir described as a “human catastrophe” which has “reached new depths”.

The Foreign Office have maintained they are committed to recognising a Palestinian state but have expressed a willingness to do so only when it will have the “most impact in support of a peace process”.

They say: “We continue to provide lifesaving aid to support Palestinians in Gaza and the West Bank, and to work closely in support of the Palestinian Authority.”

A Downing Street spokesperson also confirmed their position on Palestinian statehood remains unchanged.

US

Snipers, Secret Service sweeps and a personal chef on standby: Scotland awaits Trump’s arrival

Published

3 hours ago

July 25, 2025

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Snipers, Secret Service sweeps and a personal chef on standby: Scotland awaits Trump's arrival

Donald Trump likes a wall. And now he has his very own 15ft-high metal barrier creating a fortress as he tees off for a weekend of politics, play and precision in Scotland.

An almost surreal contrast now exists in the tiny Ayrshire village of Turnberry.

On one side, the stunning coastline and luxury hotel that bears the president’s name. And on the other, an armed buffer zone with sniper teams and road checkpoints.

This visit is unlike those that have gone before.

The threat level and associated security on display is unprecedented following the attempted assassination of Trump at a campaign rally in the US.

“It would be inappropriate for me to plan an operation and not bear in mind what has happened,” the senior officer in charge of this weekend’s policing efforts told me.

Turnberry, and its population of about 200 people, have this week witnessed a never-ending stream of Army trucks, terrorist sweeps, road checkpoints, airspace restrictions, sniper positions being erected and Secret Service agents roaming around.

It is the most extensive security deployment in Scotland since the death of the late Queen in 2022.

It is estimated around 5,000 officers will be on the streets, with teams coming from across the UK to assist.

The spectacle primarily centres on Donald Trump coming to play golf before the arrival of Prime Minister Sir Keir Starmer for talks, likely on Monday.

The president, whose mother was born on the Scottish island of Lewis, is then scheduled to travel to his Aberdeenshire resort where a new golf course is set to open.

‘Trump is a decent boss’

Stephanie Campbell and Leanne Maxwell live in Turnberry and used to work at the Trump-owned resort, like many other locals.

The pair told Sky News the very first lesson staff at the resort are given is not in fine service or guest etiquette, but in how to respond to a bomb threat.

It is claimed there are posters above the landline phones in the hotel with instructions on the worst-case scenario.

Stephanie told Sky News: “I had no issues working for him, he is a really decent boss.

“The last time he came there was an element of excitement, I think this time there comes with an added element of concern.

“It brings a lot higher threats and security and it’s much more difficult for everybody in the area.”

Echoing her concerns, Leanne told Sky News: “Security is obviously being bumped up. It’s quite worrying. He’s quite a man, ain’t he?”

Sweeps of the rooms are carried out by US Secret Service agents after housekeeping staff complete their duties and Trump’s meals, they say, are prepared by a personal chef to avoid the risk of poisoning.

To the outside world, these measures seem standard for a US president. But to those who live in Turnberry, it’s far from normal when they have a date with the commander-in-chief.

Awkward encounters

Prestwick Airport has become something of an American airbase in recent days.

The infamous armoured limousine, known as “The Beast”, has been spotted being wheeled out of a US military plane as the presidential motorcade prepares for his arrival tonight.

Greeting the president at the doors of Air Force One will be the secretary of state for Scotland, Ian Murray, who previously supported a motion alleging Trump was guilty of “misogynism, racism and xenophobia”.

Another awkward encounter could come in the form of Scottish First Minister John Swinney’s showdown with Mr Trump next week.

The SNP leader, who publicly backed Kamala Harris in the presidential race, called for September’s state visit to be scrapped after the Ukrainian president’s visit to the White House descended into a shouting match live on TV earlier this year.

Demonstrations are planned throughout the weekend, with marches and protests announced in Glasgow, Edinburgh and Aberdeen.

Kirsty Haigh, from Scotland Against Trump, claims the president uses Scotland to “cleanse his image” and he should not be able to use the country as an “escape” from his views.

She told Sky News: “He should not be welcomed by us, by our leaders.

“We want to see a Scotland that is very different than [the] America that’s being created.”

US

Trump hopes to escape Epstein controversy, but story risks following him to Scotland

Published

3 hours ago

July 25, 2025

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Trump hopes to escape Epstein controversy, but story risks following him to Scotland

I knew Donald Trump when he was nothing.

Nothing like he is today, to be precise.

It was the 18 April 2006, and he had landed by helicopter at St Andrew’s, on his way to survey a stretch of Aberdeenshire coastline he was going to turn into a golf course.

He duly delivered and “Trump International” is a stunning addition to Scotland’s golfing real estate, alongside his other course at Turnberry.

Back in 2006, Trump was big time and big news.

He was the brand built on property and showbiz and, upon arrival, the star of TV’s The Apprentice breezed his way through our interview, obliging us by pointing down the barrel of the camera and delivering his trademark “you’re fired”.

We talked investment, Scottish roots and some local objections to the golf course.

I said it was all a bit like the film Local Hero, which likened him to the rich guy played by Burt Lancaster and he seemed happy enough.

Innocent times.

Fast forward 20 years to President Trump and we are braced for his latest return ‘home’. For this son of Scotland (his mother is from the Isle of Lewis), it’s a homecoming from hell. Hellish on security logistics, at least.

You might think a trip to the old country would carry an element of triumph, wrapped in a nation’s pride. He’s the prodigal who made president, after all – think Biden, Ireland, and the rock star welcome rolled out there for one of their own.

Not so for President Trump. The dynamic’s different with the Donald – the heartland he’ll visit isn’t loved up, it’s locked down. Same as it ever was, whenever he lands in Scotland.

Hundreds of extra police officers have been drafted from around the country to hermetically seal his golf courses in Turnberry and Aberdeenshire. A private trip in two very public settings demands a huge security operation, complicated by an army of protestors mobilising for what they’re calling a “carnival of resistance”.

Demonstrations are planned over a range of causes – organisers cite “threats” to democracy, climate, the global economy and more.

There is no cause untouched by a president of the US and none forgotten by this weekend’s protests.

Scotland leans left of Donald Trump, and critics will lean into an effort to let him know.

It’s an awkward setting for a charm offensive by Prime Minister Sir Keir Starmer and Scotland’s First Minister John Swinney.

As the biggest show in politics rolls into town, they will polish the script on trade negotiations, wary of a president distracted, unpredictable and prone to changing the plot.

His distraction, of course, is the political drama back home.

Trump will welcome a weekend under the radar as an opportunity to escape the Jeffrey Epstein controversy, but there’s every chance the story will travel with him.

Daily efforts to steer the media away from the scandal haven’t stemmed the flow of persistent enquiry and revelations that cement Trump’s relationship with Epstein in the public consciousness, and so further raise questions of cover-up.