Region
The megalopolis encompasses the District of Columbia and part or all of eleven states: from south to north, Virginia, Maryland, Delaware, Pennsylvania, New Jersey, New York, Connecticut, Rhode Island, Massachusetts, New Hampshire, and Maine. It is linked by Interstate 95 and U.S. Route 1, which start in Miami and Key West, Florida, respectively, and terminate in Maine at the Canada–United States border, as well as the Northeast Corridor railway line, the busiest passenger rail line in the US. It is home to over 50 million people.
The region accounts for 20% of the U.S. Gross Domestic Product. It is home to the New York Stock Exchange and NASDAQ, the White House and United States Capitol, the headquarters of the United Nations, and the headquarters of ABC, NBC, CBS, Fox, the New York Times Company, USA Today, and The Washington Post. The headquarters of many major financial companies—such as State Street, Citigroup, Fannie Mae, and Fidelity—are located within the region, which is also home to 54 of the Fortune Global 500 companies. The headquarters of 162 of the Fortune 500 are in the region. The region is also the center of the global hedge fund industry, with 47.9% of $2.48 trillion of hedge fund assets being managed in its cities and suburbs. Academically, the region is home to six of the eight Ivy League universities.
Read more about this topic: Northeast Megalopolis
Famous quotes containing the word region:
“Alvina felt herself swept ... into a dusky region where men had dark faces and translucent yellow eyes, where all speech was foreign, and life was not her life. It was as if she had fallen from her own world on to another, darker star, where meanings were all changed.”
—D.H. (David Herbert)
“It was the most wild and desolate region we had camped in, where, if anywhere, one might expect to meet with befitting inhabitants, but I heard only the squeak of a nighthawk flitting over. The moon in her first quarter, in the fore part of the night, setting over the bare rocky hills garnished with tall, charred, and hollow stumps or shells of trees, served to reveal the desolation.”
—Henry David Thoreau (1817–1862)
“Then, that no region of the universe
Should remain void of life, the floor of heaven
Was peopled with the stars and godlike forms,
The seas became the abode of glittering fish.
Earth took the beasts and mobile air the birds.
A holier animal was wanting.”
—Ovid (Publius Ovidius Naso)