From New York, NY: Amanda Styron (Emery’s daughter) sends an article on the city’s efforts to support financial start-ups in the wake of the financial crisis.
Kate Glicksberg for The New York Times The New York Stock Exchange in Manhattan. City officials plan a shift for Wall Street by promoting start-ups.
After Reversal of Fortunes,
City Takes a New Look at Wall Street
New York Region
By PATRICK McGEEHAN
Published: February 23, 2009
New York City can no longer expect the financial sector to supply high percentages of compensation or generate as much local tax revenue.
Mayor Michael R. Bloomberg’s news conference last week in a converted warehouse near the Holland Tunnel revealed a stark turnabout in his administration’s approach.
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