Monday, January 22, 2007

New York officials seek changes to stay competitive

Reuters

I guess you have a different view from the Governor's Mansion..than you do from the Attorney General's Office....there has to be a balance between attracting and keeping business in New York and Consumer Rights and the prohibitive costs of consumer litigation........andy

"NEW YORK, Jan 22 (Reuters) - A trio of New York government officials on Monday warned the Big Apple will lose its status as the world's financial capital if the United States does not make changes to market rules and immigration policy.
Citing growing numbers of initial public offerings and other financial business moving overseas to Europe and Asia, U.S. Senator Charles Schumer and New York Mayor Michael Bloomberg released a 134-page report urging reforms to help make the United States more attractive.
The report is the latest salvo from critics who contend litigation and regulation since the collapse of Enron is driving capital markets activity overseas. These officials, joined by New York Governor and former attorney general Eliot Spitzer, say they will use their positions in government to pursue rule changes at the federal and local level." for the rest of this article...............
click here...........andy

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