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I was wondering why GDP/GMP, GDP per capita, company valuations, even imported/exported merchandise valuations had anything to do with geopolitics. All of that doesn't have to be brought up. You could have just said that had no bearing on the report. And that should have ended it.
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The author of the report has no reasoning or explanation for having NYC/DC/CHI as a vector. There isn't even an explanation why Paris wouldn't be part of the Berlin/Frankfurt/Brussels vector, unless she truly believes that Paris would never recover from its weakening economy (But still, it's the Franco-German relationship that is the heart of the current EU). There probably is more to it somewhere, but the pdf itself is really half-assed. And because it's half-assed, there really is nothing substantial to even base an argument on.
I'm surprised that this thread even got to almost 20 pages.
Yes I know it would have been easier to make the point and leave it at that, but that's not what we do here. LOL
You mean a fallacious appeal to authority is a fallacy? Appeals to authority by themselves are not fallacious (though it's pretty common for people to cite appeals to authority as inherently fallacious, so don't feel bad because it happens all the time) if the people cited are actual authorities on the subjects being discussed. Why wouldn't you expect Sassen, Florida, etc. who are noted writers and academics in the field to have a more comprehensive view than two boosters for the Bay Area?
A lot of the "leechers" in DC are people that work just as hard as you, and provide services that go unappreciated and unnoticed that do a lot of good.
As for all the San Francisco against Chicago and Washington DC stuff. Who cares. Why does it seem like San Franciscans always get their panties bunched up in every thread? They have to "win" something in every topic. Posters from Chicago and DC know they don't "win" in everything. That's it.
If something reflects great on those cities, great. If something that is originally brought up makes San Francisco great, well good for them. That's it. Don't have to bring about 2342893497283 statistics, graphs, and objective viewpoints ALL the time to stoke your egos. Just be classy.
Too bad there isnt a clapping icon.
Look at the title of this thread, and then skip to the last page. Comical and too predictable.
Why wouldn't you expect Sassen, Florida, etc. who are noted writers and academics in the field to have a more comprehensive view than two boosters for the Bay Area?
I agree that experts can be a valuable supporting resource, but these experts aren't really contradicting the Bay Area boosters.
Sassen isn't saying "these are the most important cities". She's saying "these are the most globally linked cities for business". I think that's a very important nuance. And GaWC also isn't ranking cities by relative importance.
Chicago does have much bigger financial might than LA, but not the Bay Area. The Bay Area has a massive number of private equity and venture capital funds, and really only the NYC area has more. The Bay Area has Wells Fargo, while Chicago has no major bank HQ.
Chicago doesn't have private equity, it doesn't have venture capital, it doesn't have banks, and it has one sizable hedge fund I can think of. It has the biggest commodities exchange, but trading activity is 99% online, and the actual traders are moreso in NYC and London than in Chicago.
Really there's no point in debating financial might anyways, because there is only one global financial center in the U.S., and it isn't Chicago, LA, or the Bay Area. Everyone else is fighting for financial crumbs compared to NYC.
Why do you figure Chicago doesn't have more financial might than the Bay Area? Among other things, the actual bank headquarters of JP Morgan Chase Bank is in Chicago and the CME group is a monster.
Also, most everything any multinational company or organization does is not at the actual headquarters--the big top down decisions get made there, but the vast majority of the work is elsewhere. What do you expect?
Why do you figure Chicago doesn't have more financial might than the Bay Area? Among other things, the actual bank headquarters of JP Morgan Chase Bank is in Chicago and the CME group is a monster.
No, the actual bank headquarters is on Park Ave. in Manhattan. JP Morgan is a NYC bank.
They have certain divisions in other cities, including Chicago, Houston, San Antonio, or others, but those obviously aren't HQ locations. I should know, as my wife used to work in Wealth Management at Morgan.
CME group is an options exchange. Why would the physical location of the exchange make Chicago a financial powerhouse? Is Atlanta a financial powerhouse because they have ICE, which is another massive exchange? It's almost all on computers.
And why the hell are both sides spouting such nonsense? Anyone with half a brain knows JP Morgan is in Manhattan, along with all the major investment banks. I don't know why I bother to respond to such nonsense.
No, the actual bank headquarters is on Park Ave. in Manhattan. JP Morgan is a NYC bank.
They have certain divisions in other cities, including Chicago, Houston, San Antonio, or others, but those obviously aren't HQ locations.
Why the hell are both sides spouting such nonsense? Anyone with half a brain knows JP Morgan is in Manhattan, along with all the major investment banks. I don't know why I bother to respond to such nonsense.
No, the commercial bank and retail are HQed in Chase Tower in the Loop in Chicago, which is what he meant.
Why wouldn't you expect Sassen, Florida, etc. who are noted writers and academics in the field to have a more comprehensive view than two boosters for the Bay Area?
Which is why we compare their opinions to statistical data provided by goverment soures and other demographic sources. There are countless experts working for the commerce dept, labor dept and census bureau. LMAO.
And since we employ them, their findings are readily available to all....fyi.
No, the commercial bank and retail are HQed in Chase Tower in the Loop in Chicago, which is what he meant.
Chicago is certainly a financial center. But Chase is a huge bank that has 22 separate divisions, in various locations.
Chase is an Investment Bank. Their bread and butter is Investment Banking (Equities, Fixed Income, M&A, Corporate Finance) and that's almost all in NYC (and London, to a lesser extent). They aren't primarily making money on savings accounts or home loans or whatever.
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