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To: THE ANT who wrote (65547)	8/17/2010 2:53:52 AM
From: elmatador	1 Recommendation Respond to of 217764

"Wall Street is not capitalism. The losers will be Wall Street,Banks, Ivy League schools and politics as we know it."

To: THE ANT who wrote (65547)	8/17/2010 8:12:36 AM
From: elmatador	Respond to of 217764

The losers were spotted 1 year before the crisis hit. "The capital of capital no more?" nytimes.com What does all this diffusion mean for New York's economy? Potentially, a great deal. Steve Malanga, senior fellow at the Manhattan Institute, estimates that there are 175,000 securities-industry jobs in New York, which pay an average wage of $350,000. The Committee on Capital Markets Regulation notes that the securities industry accounts for 4.7 percent of the jobs in New York City but 20.7 percent of the wages. But the impact is even larger, since the spending of Wall Street hotshots supports a huge number of other jobs. Between 1995 and 2005, the sector grew at an average annual rate of 6.6 percent in New York and provided more than a third of business income-tax revenues, according to McKinsey. "There's no doubt that much of the financial and fiscal and economic revival of the city in the 1990s and then again after 9/11 can be attributed to the health and in fact dominance of Wall Street internationally," Malanga says. A long-term decline, in which the financial-services business slowly moves offshore or out of state over a period of years, would certainly inflict great damage. Without a manufacturing base, New York would become more dependent on its other large sectors like tourism, health care, government and education, none of which possess Wall Street's capacity for spinning enormous profits.

To: THE ANT who wrote (65547)	9/17/2010 6:34:59 PM
From: elmatador	Respond to of 217764

PAC2 raised investment in Curitiba from BRL570 million in 2009-2010 to BRL1 billion 2011-2012. Improving infrastructure for World Cup 2014. PAC 2 (Acceleration Program 2) will entail total investments of around R$ 960 billion from 2011 to 2014. Similar to the first phase of the program, PAC 2 focuses on investments in the areas of logistics, energy and social development, organized under six major initiatives: Better Cities (urban infrastructure); Bringing Citizenship to the Community (safety and social inclusion); My House, My Life (housing); Water and Light for All (sanitation and access to electricity); Energy (renewable energy, oil and gas); and Transportation (highways, railways, airports). blogs.worldbank.org