Economy
Lower Manhattan is the fourth largest business district in the United States, after Midtown Manhattan, the Chicago Loop, and Washington, D.C., and will regain the title of 3rd after the completion of 1 World Trade Center, and the three other skyscrapers at the site.
55 Water Street houses the headquarters of EmblemHealth and Standard & Poor's. HIP Health Plan of New York, which became a part of EmblemHealth, moved there with 2,000 employees in October 2004. It was the largest corporate relocation in downtown Manhattan following the September 11 attacks.
The headquarters of AOL are located at 770 Broadway. At 200 West Street, the investment banking company Goldman Sachs has finished construction of their world headquarters. The headquarters of Verizon Communications are located at 140 West Street. The headquarters of Ambac Financial Group are in Lower Manhattan. The headquarters of PR Newswire are in Lower Manhattan. Nielsen Company and subsidiary Nielsen Media Research have their headquarters in Lower Manhattan.
Prior to the September 11 attacks, One World Trade Center served as the headquarters of Cantor Fitzgerald. Prior to its dissolution, the headquarters of US Helicopter were in Lower Manhattan. When Hi Tech Expressions existed, its headquarters were in Lower Manhattan.
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Famous quotes containing the word economy:
“The aim of the laborer should be, not to get his living, to get “a good job,” but to perform well a certain work; and, even in a pecuniary sense, it would be economy for a town to pay its laborers so well that they would not feel that they were working for low ends, as for a livelihood merely, but for scientific, or even moral ends. Do not hire a man who does your work for money, but him who does it for love of it.”
—Henry David Thoreau (1817–1862)
“War. Fighting. Men ... every man in the whole realm is in the army.... Every man in uniform ... An economy entirely geared to war ... but there is not much war ... hardly any fighting ... yet every man a soldier from birth till death ... Men ... all men for fighting ... but no war, no wars to fight ... what is it, what does it mean?””
—Doris Lessing (b. 1919)
“The basis of political economy is non-interference. The only safe rule is found in the self-adjusting meter of demand and supply. Do not legislate. Meddle, and you snap the sinews with your sumptuary laws.”
—Ralph Waldo Emerson (1803–1882)