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Old 10-21-2008, 03:04 PM
 
Location: Los Altos Hills, CA
36,628 posts, read 67,158,658 times
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Quote:
Originally Posted by sweetclimber View Post
The same can be said for San Jose which is easily the most important city in the Bay Area with Silicon Valley.
No, not really.

 
Old 10-21-2008, 03:09 PM
 
Location: moving again
4,382 posts, read 16,713,667 times
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Quote:
Originally Posted by sweetclimber View Post
The same can be said for San Jose which is easily the most important city in the Bay Area with Silicon Valley.
very true.

The Cities are so different, i doubt they really care. They're very independent from DC. I mean, Baltimore IS bigger than DC
 
Old 10-21-2008, 10:52 PM
 
1,119 posts, read 2,731,480 times
Reputation: 389
TheF%#Angelion,

I’ve never seen an immature teenager that is so ignorant and ill-informed like you. How many times I had to knock on your thick head and remind you that those so-called “facts” that you brought up are just pure GDP rankings. Parrot, you should remember that often the larger the metro (i.e population) is, the bigger the economy it turns out to be (in most cases). NY metro has ~18+ million, LA metro ~14+ million, Chicago metro ~9.8+ million, thus their GDPs are ranked respectively in that order. But does it mean LA is economically more powerful than Chicago? Hell no… Many studies and researches by the world’s renowned scholars and experts in economics and finance have placed New York and Chicago in the top 10 worldwide centers of commerce, as well as in top 5 world’s most economically powerful cities. According to an analysis of U.S Census data, LA economy is an economy that produces way too many low-wage jobs. Many economic experts also pointed out LA does not have a significant role in the global financial markets, and cannot be placed alongside the global players like New York, Chicago, London, Tokyo..etc

TheF%#Angelion, Mexico city’s population is ~20 million and its GDP stands bigger than SF, DC, Boston, Philly, Dallas, Houston, Atlanta. Is Mexico city is more important and powerful than our American cities? … London’s economy is also smaller than Chicago, & LA. Are you going to say London is less important and not as powerful as Chicago, LA? If you can’t answer this question then shut theF%#Angelion off.



Read it again, you fraud.

"America's second city faces stern competition from Los Angeles, which now has a larger population and a bigger economy. But Chicago still outranks Los Angeles on MasterCard's Commerce Index. The Chicago Mercantile Exchange and Chicago Board of Trade give Chicago a role in the global financial markets that Los Angeles (who still remembers the Pacific Exchange?) lacks"

Get it dough-dough brain??



Quote:
Originally Posted by TheRealAngelion View Post
And the Forbes and Mastercard studies don't save your ignorance of the facts. I am not interested in the opinions of a magazine and credit card company. I want facts. Produce evidence that the U.S. government, IMF, World Bank and the city of Chicago use a measure other than GDP to rank metro economies. I am waiting................

Fraud? This is a great example of “FRAUD” that you should teach your children when they grow up.


Quote:
Originally Posted by TheRealAngelion View Post

Originally Posted by TheRealAngelion
TheRealAngelion

Fortune 500 - where a company is headquartered means little. Economic output does. LA wins! However since you brought it up, although the city of Chicago has more Fortune 500 companies, the LA metro area has approximately 40 and the state of CA has the most overall with at least 110.

Fortune 500-either you can't count or are unfamiliar with Metro LA, but there are approximately 40 in LA metro, thereby superseding Chicago metro.

Fortune 500-here's the source. FORTUNE 500 2006: States




Quote:
Originally Posted by TheRealAngelion View Post
Why did you fail to point this out, you FRAUD?
 
Old 10-22-2008, 10:45 AM
 
Location: City of Angels
1,287 posts, read 5,010,453 times
Reputation: 672
downtown1 I am now convinced that you are mentally unstable. There is definietly something wrong with you to keep repeating the same thing over and over and over with no real objective in mind other than to be obtuse and to prolong a useless argument and line of thinking that only you and one of your multiple, skitzo personalities agrees with.

You need therapy. BAD
 
Old 10-22-2008, 10:56 AM
 
155 posts, read 447,152 times
Reputation: 35
Global City or world city status is seen as beneficial, and because of this many groups have tried to classify and rank which cities are seen as 'world cities' or 'non-world cities'. [3] Although there is a general consensus upon leading world cities, [4] the criteria upon which a classification is made can affect which other cities are included. [3] The criteria for identification tend either to be based on a "yardstick value" ("e.g. if the producer-service sector is the largest sector, then city X is a world city")[3] or on an "imminent determination" ("if the producer-service sector of city X is greater than the producer-service sector of N other cities, then city X is a world city"). [3]
The characteristics sometimes chosen include

[edit] Studies


[edit] GaWC Inventory of World Cities, 1999

One attempt to define, categorize, and rank global cities was made in 1999 by the Globalization and World Cities Study Group and Network (GaWC) based at the geography department of Loughborough University. The roster was outlined in the GaWC Research Bulletin 5 and ranked cities based on their provision of "advanced producer services" such as accountancy, advertising, finance, and law.[4] The GaWC inventory identifies three levels of global cities and several sub-ranks. This roster generally denotes cities in which there are offices of certain multinational corporations providing financial and consulting services rather than denoting other cultural, political, and economic centres. GaWC presents a schematic map of these cities at their website.[5]
Alpha world cities / full service world cities[6]
Beta world cities / major world cities
Gamma world cities / minor world cities
Evidence of world city formation
Strong evidence Some evidence Minimal evidence
[edit] GaWC Leading World Cities, 2004

An attempt to redefine and re-categorise leading global cities was made by the GaWC in 2004. This new roster acknowledged several new indicators but still retained a stark focus on economics rather than on political or cultural importance. The roster is reproduced below:
Global Cities[7]
Well rounded global cities
  1. Very large contribution: London and New York City Smaller contribution and with cultural bias: Los Angeles, Paris, and San Francisco
  2. Incipient global cities: Amsterdam, Boston, Chicago, Madrid, Milan, Moscow, Toronto
Global niche cities — specialised global contributions
  1. Financial: Hong Kong, Singapore and Tokyo
  2. Political and social: Brussels, Geneva and Washington, D.C.
World Cities
Subnet articulator cities
  1. Cultural: Berlin, Copenhagen, Melbourne, Munich, Oslo, Rome, Stockholm
  2. Political: Bangkok, Beijing, Vienna
  3. Social: Manila, Nairobi, Ottawa
Worldwide leading cities
  1. Primarily economic global contributions: Frankfurt, Miami, Munich, Osaka, Singapore, Sydney, Zurich
  2. Primarily non-economic global contributions: Abidjan, Addis Ababa, Atlanta, Basel, Barcelona, Cairo, Denver, Harare, Lyon, Manila, Mexico City, Mumbai, New Delhi, Shanghai

[edit] Other criteria

The GaWC list is based on specific criteria and, thus, may not include other cities of global significance or elsewhere on the spectrum. For example, cities with the following:
it speaks for its self 5 important cites to cites in us i think chicago is better because has urban city life close to nyc but la has its beatiful better weather city with hollywood but right now la going throught realestate crises

[SIZE=4]Los Angeles is paying the price
for mayor’s focus on real estate
[/SIZE]
[SIZE=2]
[/SIZE]
[SIZE=-2]By Joel Kotkin*[/SIZE]


[SIZE=2]15 May 2008: Ever since his election in 2005, Los Angeles Mayor Antonio Villaraigosa has been portrayed as a politician with a future that possibly included the governorship. As soon as he entered office, he launched an impressive succession of ‘bold’ initiatives — among them, to make the Los Angeles Police Department a 10,000-cop force, to ‘green’ the port of Los Angeles, to improve the academic scores of some of LA Unified's worst-performing schools. Until the real estate bubble burst, he oversaw a building boom downtown and elsewhere, casting himself as a visionary re-creating LA as a model of ‘elegant density’.
[/SIZE]
[SIZE=-2]
Debate the issues raised in this article

[/SIZE]
[SIZE=2] But when it came to that part of the city's economy not connected to real estate, Villaraigosa might be compared to Emperor Nero. As the city has continued to lose thousands of middle-class jobs in aerospace, manufacturing and high-end business services since 2005, Villaraigosa has basically stood by and fiddled. From February 2007 to February 2008, the county suffered the biggest percentage of job losses, some 0.7 per cent, of the 10 largest metropolitan areas in the country, according to the US Bureau of Labor Statistics' most recent report.

The combination of the housing meltdown and steady job losses in non-real estate sectors means that Los Angeles is now surpassed only by a handful of the bigger Rust Belt economic basket cases, like Detroit, for the title of worst big-city economy in the nation.

To be sure, the falloff in jobs cannot be solely laid at the feet of City Hall because there have been declines in other parts of Southern California. But the trend reveals the shortcomings of Villaraigosa's near-exclusive focus on real estate-related speculative growth and relative inattention to sectors more critical to the city's long-term economic growth.

The problem is that, as property values and real estate-related employment, most notably in the construction and mortgage sectors, have cratered, there is little, save for the tourism industry, to take up the economic slack. That fact has come home to roost in recent weeks as Villaraigosa searches for revenue to shore up the city's out-of-balance budget. And, unfortunately, the pain may be around for a while because once the current wave of building, which was financed before today's credit crunch. ends, there is little prospect of a pickup in construction in the immediate future.

All this makes the erosion of jobs outside real estate even more troubling. Since 2006, employment in LA County has dropped by about two per cent in the manufacturing, financial services, retail and information sectors, the latter of which includes the entertainment industry. Meanwhile, business expansions in the county in 2007 fell 22.5 per cent, according to an April report from the Los Angeles County Economic Development Corp., a non-profit organization.

Apparently, Villaraigosa didn't see the economic downturn coming; he has already conceded that he didn't recognize how precarious the revenues from the real estate boom might be. Had he known last August what he knows now, the mayor has said, he would not have approved big raises for city workers.

City Planning Director Gail Goldberg was amazed to find that Los Angeles, unlike her former hometown of San Diego, still had no city department dedicated to economic development. Nor is there any single person in city government recognized as in charge of boosting local commerce.

Los Angeles could certainly use such a department. The most recent Kosmont-Rose Institute "Cost of Doing Business Survey" reported that Los Angeles remains the second-most-expensive city for businesses, behind Santa Monica, in the county and third most in the state, behind San Francisco and Santa Monica. Any hope of reform in terms of tax or regulatory relief, suggests Larry Kosmont, the report's author, is unlikely because of the city's fiscal crisis.

Ironically, among the biggest economic losers during the Villaraigosa administration may be working-class Latinos, who constitute a key element of his constituency. Traditionally, Latinos have relied on manufacturing for jobs, but, countywide, these jobs have declined 15 per cent since 2002.

Many of the employment losses have been concentrated in automotive, aerospace and heavy industry. In contrast, the garment industry, now the largest industrial employer in the city, has largely defied the slow erosion of jobs in the city. But that may be about to change.

Uri Harkham, president of Jonathan Martin, a clothing manufacturer, has cut his workforce from 600 to 120 during the last few years. He blames City Hall for the cutback because it has not protected the area from immigration crackdowns and has not supported worker-training programs. Worse still, he says, had been the speculative pressures of developers seeking to build residential units in the garment district, which have driven up rents for manufacturers and wholesalers.

Harkham, who has worked in the fashion industry for 35 years, believes that if this situation continues, the once-thriving garment district will eventually lose its primacy as the center of the West Coast rag trade.

But it's more than the garment industry that needs attention from City Hall. The city's small-business sector, which remains the best hope for LA's economic recovery, remains burdened by what many entrepreneurs claim is an onerous regulatory regime that favors the well-connected and big financial interests. "It's extremely difficult to do business in Los Angeles," Eastside retail developer Jose de Jesus Legaspi said. "The regulations are difficult to manage. ... Everyone has to kiss the rings of the [City Hall politicians]."

Yet despite the problems, businesspeople like Legaspi and Metchek believe that Los Angeles can find a way to restart its economy after the real estate bubble. After all, the city and region still possess many of the assets — concentrations of design genius in entertainment and fashion, a pool of skilled industrial workers and strong ties to the rapidly growing Pacific Rim economies, which drove recovery in the mid- and late-1990s.

And there remains the considerable energy of the city's immigrant community, which constitutes roughly half of LA's total workforce, according to a recent study by the Migration Policy Institute. Between 1997 and 2007, according to statistics compiled by Praxis Strategy Group, a consulting firm, the number of Latino- and Asian-owned businesses grew far more rapidly — nearly 40 per cent among Latinos and more than 22 per cent among Asians, compared with 15 per cent overall — than those of other ethnic groups. Today, foreign-born Angelenos are twice as likely to be self-employed than their native-born counterparts.

Los Angeles needs to tap the entrepreneurial spirit of these immigrants to grow economically. But that means scaling back its infatuation with high-profile real estate development in favor of the mundane business of enhancing employment opportunities through training workers, reducing regulatory burdens and fostering more cooperation among our still-diverse industrial base. That's not a politically sexy choice for the mayor, but it remains the best way to restore LA's tarnished status as a city of opportunity.[/SIZE]

Last edited by money23; 10-22-2008 at 11:07 AM..
 
Old 10-22-2008, 11:13 AM
 
Location: Los Altos Hills, CA
36,628 posts, read 67,158,658 times
Reputation: 21164
Quote:
America's second city faces stern competition from Los Angeles, which now has a larger population and a bigger economy. But Chicago still outranks Los Angeles on MasterCard's Commerce Index. The Chicago Mercantile Exchange and Chicago Board of Trade give Chicago a role in the global financial markets that Los Angeles (who still remembers the Pacific Exchange?) lacks"
I can't argue with this. As far as Global Financial Markets, Chicago is bigger than LA.

At the same time however, LA is still a more powerful global brand. Meaning its more well known around the world for the areas in which it does have significant influence.
 
Old 10-22-2008, 12:44 PM
 
492 posts, read 1,144,393 times
Reputation: 363
Quote:
Originally Posted by downtown1 View Post
TheF%#Angelion,
TheF%#Angelion, Mexico city’s population is ~20 million and its GDP stands bigger than SF, DC, Boston, Philly, Dallas, Houston, Atlanta. Is Mexico city is more important and powerful than our American cities? … London’s economy is also smaller than Chicago, & LA. Are you going to say London is less important and not as powerful as Chicago, LA? If you can’t answer this question then shut theF%#Angelion off.
I agree with you that the plain GDP is useless in measuring wealth (power) of a city. I think Per capita GDP giver a truer wealth(power) weight.
I see wealth as power.
Per Capita GDP
San Jose-San Francisco-Oakland, CA ..........$65,804
Houston-Baytown-Huntsville, TX ..............$61,038
Washington-Baltimore-Hagerstown, DC-MD-VA-WV $60,864
New York-Newark-Bridgeport, NY-NJ-CT-PA .....$58,427
Seattle-Tacoma-Olympia, WA ..................$56,217

As far as the Alpha denominations, They are just a fraud denominations.

Alpha world cities / full service world cities[6]
12 points: London, New York City, Paris, Tokyo
10 points: Chicago, Frankfurt, Hong Kong, Los Angeles, Milan, Singapore

If they are denominating Milan and Frankfurt with 10 points I would have to give Houston at least 20 points. and give it a nirvana denomination.
Ever been to Milan or to their airport; It's a least 10 times smaller than Houston intercontinental. In addition, to get from Downtown Milan to the airport one has to take all kinds of two way back roads. It takes over an hour and 75 Euros. From SW Houston to the NW Houston where the airport is. you can pay 1 dollar by taking the Metro bus. It will take about an hour to get to the airport. That's what I call power and wealth!!

In Milan one Granny applewill run you over a euro, in Houston at a Fiesta Mart you can by 4 for a dollar or 6 for a Euro. That's what I call nirvana power. Ever been to Frankfurt, their nuclear power plant is basically in downtown Frankfurt, that safety for you. Try buying 8oz bottle water for 50cents. its more like 3 Euros. I call that opposite of power, more like debilitating weakness.
 
Old 10-22-2008, 12:44 PM
 
Location: yeah
5,717 posts, read 16,292,780 times
Reputation: 2974
Quote:
Originally Posted by sweetclimber View Post
The same can be said for San Jose which is easily the most important city in the Bay Area with Silicon Valley.
A lot of the importance lies in the stretch between SJ and SF. However, much is centralized down this way. I wouldn't call any one municipality most important because the spread crosses too many political boundaries.
 
Old 10-22-2008, 05:07 PM
 
604 posts, read 1,836,860 times
Reputation: 240
cjester
you do realize that frankfurt is a huge financial city right?
head of the EU bank too
 
Old 10-22-2008, 05:29 PM
 
Location: Boston, Massachusetts
505 posts, read 1,380,169 times
Reputation: 238
Quote:
Originally Posted by cjester View Post
]If they are denominating Milan and Frankfurt with 10 points I would have to give Houston at least 20 points. and give it a nirvana denomination.
Ever been to Milan or to their airport; It's a least 10 times smaller than Houston intercontinental. In addition, to get from Downtown Milan to the airport one has to take all kinds of two way back roads. It takes over an hour and 75 Euros. From SW Houston to the NW Houston where the airport is. you can pay 1 dollar by taking the Metro bus. It will take about an hour to get to the airport. That's what I call power and wealth!!

In Milan one Granny applewill run you over a euro, in Houston at a Fiesta Mart you can by 4 for a dollar or 6 for a Euro. That's what I call nirvana power. Ever been to Frankfurt, their nuclear power plant is basically in downtown Frankfurt, that safety for you. Try buying 8oz bottle water for 50cents. its more like 3 Euros. I call that opposite of power, more like debilitating weakness.
I don't think that anything you pointed out makes Houston more of a world city than Milan or Frankfurt. The fact that Milan's airport is not as easily accessible as Houston's proves nothing. And the fact that the two European cities have higher prices for commodities than Houston just shows that Milan and Frankfurt are more wealthy. Honestly, both Milan and Frankfurt have bigger names internationally than Houston.

And on a personal note (you can decide whether this is irrelevent or some sort of bias, because I have never been to any of these places), when I think of Milan, I think of fashion and trade and the fact that it is one of Italy's most important cities; when I think of Frankfurt, I think of it as a German economic powerhouse and one of the most important financial cities in the world. But when I think of Houston, I think of... nothing. I am willing to bet that many people who don't live near Houston or in the Southern United States would feel the same way.
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