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Why do you keep repeating the same thing over and over without reading GaWC & MasterCard Worldwide Research methodology? You have consistently denied all the researches and studies by GaWC and MasterCard, and that's simply amazing.
Go through this and try to figure out why LA is not relevant to the world. It's not identified among 65 financial centers of the world, and you still claim LA as #2 most important city in the U.S? That's unbelievable. It's better to show some intelligence through analysis & discussion than posting stats without a clear understanding about the subject.
The flow of businesses based on how many offices certain law firms and banks have in cities.
I can't for the life of me understand, why you refuse to acknowledge that this 'global connectivity' you speak of is simply a ranking of office locations.
Simply Amazing.
Actually office locations are the primary thrust of their ranking.
You think LAs $825 Billion Economy is only from Hollywood?
Well, here are some industries where LA beats Chicago.
[SIZE=2]Finance and Insurance Gross Product
New York $171.2 Billion
Los Angeles $53.3 Billion
Chicago $50.6 Billion
Manufacturing Gross Product
Los Angeles $64.8 Billion
New York $58.7 Billion
Chicago $54.9 Billion
'Retail Trade Gross Product
New York $56.3 Billion
Los Angeles $43.2 Billion
Chicago $26.5 Billion
Real Estate Gross Product
New York $187.1 Billion
Los Angeles $127.0 Billion
Chicago $68.4 Billion
Are you claiming that GAWC and Mastercard are using the exact same methodology?
Because they arent. Mastercard looks at the number of 5-star hotel rooms among other fluff and GAWC studies office locations.
And you consistently deny hard numbers by the US Department of Commerce.
This is just plain denial. Plain and simple.
Los Angeles is the 2nd most important city in the United States when all aspects of importance are weighed.
Not just one or two.
Montlcaire,
Haven't you heard Midwest and Chicago in particular is the world's capital or denial? If you haven't you are about to discover by yourselv. YOu never get any solid data to support their claims and if you provide enough proof, your Chicago opponent will either attack you personally or announce that he is done talking to you and just put you on his ignore list. That's Chicago school of discussion and that's why we love Chicago. Good luck!
Didn't you claim the size of GDP matter most? How many people have proven you wrong? not to mention many studies out like GaWC, MasterCard, Forbes, Brookings institute..etc.
Quote:
Originally Posted by 18Montclair
And you consistently deny hard numbers by the US Department of Commerce.
Didn't you claim the size of GDP matter most? How many people have proven you wrong? not to mention many studies out like GaWC, MasterCard, Forbes, Brookings institute..etc.
Nope, Im saying that when it comes to importance as far as economics, the size of the economy is the absolute most important indicator-not hotel rooms and office locations.
Nope, Im saying that when it comes to importance as far as economics, the size of the economy is the absolute most important indicator-not hotel rooms and office locations.
That is indisputable.
In economics any value or "importance" is expressed in currency. Anything else is just an opinion, unless correlated to a specific amount, specific economical "value".
As important in world's financial dalings Chicago may be, it's economy is still much smaller than LA's, hence less relevant, less important and less valuable.
PS. Montclair, what did I say about "Chicago school of discussion"?
Your oponenet just announced you lost all credibility just because you do not agree with him. The next step will be to call you ignorant and announce further discussion does not make any sense. Right after that you will face several other Chicago homers jumping on the thread to question your intellegence, age etc etc and support your oponnent's decision to end the discussion. Just wait. I have seen it before.
New York is the only US world class city by the broadest definition. Other
cities might qualify depending on which definition is used. This insecurity
of position is reflected in the comments...a lot of narcissism and ignorance in evidence. It's always been the case that facts are only part of the determination. Image also plays a role and LA and New York have been
more successful in this regard. The Midwest has traditionally been underrated but where have America's greatest economic and artisitc contributions orginated?
Chicago's central location will keep it relevant. It remains the transportation/distribution capital of America. Seventy-five million live within 500 miles. One of it's historic strengths has been that it is not dependent on any one industry. Business services matter and headquarters (Chicago region has about 8% of Fortune 500, second
only two NY), the city has become the risk management capital of the world, the US remains the world's largest manufacturer (by value added) and this will remain an important source of weath creation for the region,
educational institutions (U of Chicago, the Big-Ten schools rank among
the best in the world) are concentrated here as are health care institutions like the Mayo Clinic. Chicago's cultural contribution relies
on The Chicago Sympony (frequently rated best in the world), the Art
Institute (2nd largest after the Metropolitan Museum), Jazz, Blues, Gospel,
and architectural legacies and the largest and most vibrant regional
theater in the country. This is a region that continues to (quietly)
impact the world and demonstrate leadership in academics, business,
media, science, technology, philanthropy (more billionaires/millionaires
than any area other than NY, CA and TX), and entertainment. The
city and the region have been in this position since the 1890s. Global
warming, water shortages and the end of cheap energy will also reinforce
the historic strenghts of the region.
New York is the only US world class city by the broadest definition.
I disagree. Los Angeles, Chicago, San Francisco, Boston, Washington DC, Houston, Dallas, Miami, etc. are indeed world class cities.
We Americans think too lowly of ourselves.
Quote:
the US remains the world's largest manufacturer (by value added) and this will remain an important source of weath creation for the region,
educational institutions (U of Chicago, the Big-Ten schools rank among
the best in the world) are concentrated here as are health care institutions like the Mayo Clinic. Chicago's cultural contribution relies
on The Chicago Sympony (frequently rated best in the world), the Art
Institute (2nd largest after the Metropolitan Museum), Jazz, Blues, Gospel,
and architectural legacies and the largest and most vibrant regional
theater in the country. This is a region that continues to (quietly)
impact the world and demonstrate leadership in academics, business,
media, science, technology, philanthropy (more billionaires/millionaires
than any area other than NY, CA and TX), and entertainment. The
city and the region have been in this position since the 1890s. Global
warming, water shortages and the end of cheap energy will also reinforce
the historic strenghts of the region.
This conversation is not a mandate on the midwest.
South $4.367 Trillion
(AL,AR,FL,GA, KY,LA,MS,MO,NC,OK,SC,TN,TX,VA,WV)
West $3.301 Trillion
(AK,AZ,CA,CO,HI,ID,MT,NV,NM,OR,UT,WA,WY)
The South and West are now the 2 largest regional economies. Which speaks volumes about the strength of the US economy because despite the hyperdeveloped industrial complexes of the NE and Midwest, they still are now smaller economically than the South and West.
Our national economy is incredibly impressive.
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Insecurities
