Defending the Title

COVER STORY

For decades, New York has enjoyed the privileged standing of financial capital of the world, but some say this could all be about to change.

A debate is raging across Wall Street and beyond over New York's competitiveness in the global financial markets. New York City Mayor Michael Bloomberg and New York Senator Charles Schumer have warned that the city is in danger of finding itself relegated to a regional marketplace in the next 10 years, unless action is taken soon to ease heavy-handed

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