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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