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We're Such Fake Losers.(Periscope; Nylon Politics)
Byline: Rana Foroohar
Have you noticed that both New York and London claim to be losing the race to become the world's top financial center? Last year New York Mayor Michael Bloomberg fretted that his city is behind, citing a McKinsey survey that blamed onerous SOX regulations imposed after the Enron-era scandals. Then last week the City of London Corporation released its own survey saying, no, London is losing, due to rising British taxes.
Numbers can be spun any which way--New York leads in some market ...
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Source: HighBeam Research, We're Such Fake Losers.(Periscope; Nylon Politics)