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The Decline And Fall Of The American Empire

By Kate on July 3, 2012 8:35 AM | 2 Comments

Wall Street as we know it may not be long for this world—though the movement that occupied its parks has little to do with it. The New York Times reports that, despite good years for America’s investment bankers, the number of mid-level financial positions on the Street is slowly dropping as banks escape the city’s regulations, high taxes, and high labor costs to open offices in friendlier states like Utah, North Carolina, and Florida.

Someone wrote a book about that, I think.

Via

2 Comments

Ken (Kulak) | July 4, 2012 1:33 AM | Reply

Ayn Rand?

iurockhead | July 4, 2012 12:08 PM | Reply

If you apply some stress, heat or light, to a microbe on a glass slide under a microscope, and observe the behavior, they tend to move away from the source of the stress.

Theoretically, people are at least that smart. Businesses moving out of NY, Illinois, and California really shouldn't surprise anyone.

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The Decline And Fall Of The American Empire

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