New York New York
Author: Kamyar Shah

New York is officially named the City of New York and is
the most populous city in the United States of America. Its
business, finance, trading, law and media organizations are
influential around globe. The city is one of the
world’s most important cultural centers with hundreds
of world-class museums, galleries and performance venues.
New York is also home of the United Nations and is one of
the world’s major venues for international diplomacy

New York City is a global hub of international business and
commerce and is one of three “command centers”
for the world economy, alongside London and Tokyo. The city
is a major center for finance, insurance, real estate,
media and the arts in the U.S. Additional sectors include
the television and film industry, second largest in the
country after Hollywood; medical research and technology;
non-profit institutions and universities; and fashion. Real
estate is a major force in the city’s economy. The
total value of all New York City property was $802.4
billion. The highest-listed market value in the city is the
Time Warner Center, valued at $1.1 billion.

The city’s stock exchanges are among the most
important in the world. The New York Stock Exchange and the
NASDAQ are the world’s first and third largest stock
exchanges, respectively. Many major corporations have
headquarters in New York and the city is unique among other
American cities for its large number of foreign
corporations. One out of ten private sector jobs in the
city is with a foreign company.

Industries such as new media, advertising, design and
architecture account for a growing share of employment.
High-tech industries like bioscience, software development,
game design, and Internet services are also growing.

Manufacturing accounts for a large, although declining,
share of employment. Garments, chemicals, metal products,
processed foods and furniture are some of the principal
products.

New York is a global center for the television,
advertising, newspaper and book publishing industries and
is also the largest media market in the U.S. Some of the
conglomerates include Time Warner, the News Corporation,
the Hearst Corporation and Viacom. Six of the world’s
top ten global advertising agencies are headquartered in
New York.

Two nationally daily newspapers in the U.S. are New York
papers, The Wall Street Journal and The New York Times.
Other newspapers in the city are  The New York Daily and
The New York Post. The city also has a major ethnic press
with 270 newspapers and magazines published in more than 40
languages. El Diario La Prensa  is a Spanish newspaper and
The New York Amsterdam News is a prominent African-American
newspaper. Four major broadcast networks are also
headquartered in New York: ABC, CBS, FOX, and NBC. Cable
channels including MTV, Fox News, HBO, and Comedy Central
are also based in the city.

“Culture just seems to be in the air, like part of
the weather”- Tom Wolfe. The city has more than 2,000
arts and cultural organizations and more than 500 art
galleries of all sizes. In the 19th century built a network
of major cultural institutions such as the famed Carnegie
Hall and Metropolitan Museum of Art. Broadway productions
are a mainstay of the New York theatre scene. The
city’s 39 largest theatres are collectively known as
“Broadway”. The Lincoln Center for the
Performing Arts includes Jazz at Lincoln Center, the
Metropolitan Opera, the New York City Opera, the New York
Philharmonics and the New York City Ballet and is the
largest performing arts center in the U.S.

New York City is most often associated with its skyline of
skyscrapers. These include the Woolworth Building, the
Chrysler Building, the Seagram Building and the Conde` Nast
Building, and important example of green design in American
skyscrapers.

Roughly 40 million foreign and American tourists visit New
York City each year. Popular destinations include the
Empire State Building, Ellis Island and the Statue of
Liberty, Broadway theatre productions, scores of museums
such as the El Museo del Barrio, Washington Square Park,
the Bronx Zoo and New York Botanical Garden, luxury
shopping along Fifth and Madison Avenues, and events such
as the Halloween Parade in Greenwich Village, the Tribeca
Film Festival and free performances in Central Park at
Summerstage.

New York’s food culture has been influenced by the
city’s immigrants and is as diverse as the city.
Famous foods originating from the city are bagels,
cheesecake and New York style pizza.

The city is comprised of five boroughs: The Bronx,
Brooklyn, Manhattan, Queens, and Staten Island. The Bronx
is the city’s northernmost borough and the site of
the Yankee Stadium. It is also the birthplace of rap and
hip hop cultures. Brooklyn is the city’s most
populous borough and was an independent city until 1898.
Brooklyn is known for its cultural diversity, independent
art scene, distinct neighborhoods and unique architectural
heritage. The country’s earliest amusement park,
Coney Island is also here. Manhattan is the most densely
populated borough and is home to most of the city’s
skyscrapers. The borough contains the major business and
financial center of the city and attractions including
Madison Square Garden. Queens is geographically the largest
borough and most ethnically diverse county in the United
States. The borough is mainly residential and middle class.
Queens is home to Shea Stadium, home of the New York Mets.
Staten Island is the most suburban of the five boroughs.
Until 2001, the borough was home to the Fresh Kills
Landfill, formerly the largest landfill in the world, which
is now being reconstructed as one of the largest urban
parks in the U.S.

“The Big Apple”, as New York is commonly known,
is home to sports teams in each of the major American
professional sports leagues. Baseball is the city’s
most closely watched sport. The city’s two MLB teams
are the New York Yankees and the New York Mets, which enjoy
a fierce rivalry. There are also two minor league baseball
teams in the city, the Staten Island Yankees and the
Brooklyn Cyclones. The city is represented in the NFL by
the New York Jets and New York Giants. The New York Rangers
are the city’s National Hockey League team and the
city is also home to the headquarters of the NHL and NFL,
both based in Manhattan. The New York Knicks are the
city’s NBA team.

Not commonly known as a “college town”, New
York is still home to about 594,000 university students.
The City University of New York is the nation’s third
largest public university system. New York is also home to
such notable private universities as Columbia University,
New York University, Polytechnic University, St.
John’s University, The Cooper Union, Pace University,
New York Institute of Technology, Fordham University and
Manhattan College. The city also has dozens of other
private colleges and universities.

The New York Public Library is one of the largest public
library systems in the country. Among its collection are
the first five folios of Shakespeare’s plays, ancient
Torah scrolls, and Alexander Hamilton’s handwritten
draft of the United States Constitution.

One in every three users of mass transit in the U.S. and
two-thirds of the nation’s rail riders live in New
York or its suburbs. New York is the only city in the
United States where more than half of all households do not
own a car.

New York City is the top international air passenger
gateway to the United States. Three major airports, Kennedy
(also known as JFK), Newark, and LaGuardia serve the area.

New York is one of the most energy-efficient cities in the
United States. New York City is a world-renowned cultural
and economical epicenter.


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