Is New York Finished As A Global Financial Center?

I’m a member of the Council on Foreign Relations (from my editorial days) and here’s a thoughtful essay on the impact of the current financial crisis on New York City, the U.S. and the global economic system.

Is New York finished as a global financial center? No. But it may not be paramount. Ditto for the U.S. It’s The Rise of the Rest— as Fareed Zakaria says in his new book, the Post American World.

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