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:
“I was with Hercules and Cadmus once,
When in a wood of Crete they bayed the bear
With hounds of Sparta: never did I hear
Such gallant chiding; for besides the groves,
The skies, the fountains, every region near
Seemed all one mutual cry. I never heard
So musical a discord, such sweet thunder.”
—William Shakespeare (1564–1616)
“America lives in the heart of every man everywhere who wishes to find a region where he will be free to work out his destiny as he chooses.”
—Woodrow Wilson (1856–1924)
“When the excessively shy force themselves to be forward, they are frequently surprisingly unsubtle and overdirect and even rude: they have entered an extreme region beyond their normal personality, an area of social crime where gradations don’t count; unavailable to them are the instincts and taboos that booming extroverts, who know the territory of self-advancement far better, can rely on.”
—Nicholson Baker (b. 1957)