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...close to clients, rivals, support services (London is home to three of the world's top four law firms) and all the resources of the City itself, London finance firms like hedge funds can pull in more business and squeeze costs further than if they were located outside that network. The economies of scale, scope and agglomeration, as these perks are known, are particularly acute in London. Without them, says the cebr, the E.U. would have lost out on $44 billion in investment banking-related business...

Author: /time Magazine | Title: The New Capital of Capital | 1/31/2007 | See Source »

London's continued rise is by no means assured, of course. Efforts to unclog its congested transport network are long overdue, and Wall Street may be reenergized when proposals aimed at making it cheaper for firms to comply with Sarbanes-Oxley come into force, perhaps as early as this year. And consolidation among other exchanges - the New York Stock Exchange's $14.3 billion deal with pan-European operator Euronext is just one of a string of mergers in recent months - could make it tougher for the lse to stay ahead. For now, though, with two dozen of Broadgate Tower...

Author: /time Magazine | Title: The New Capital of Capital | 1/31/2007 | See Source »

...applicants this semester and fellows were “selected on the currency of their proposal” and in light of past projects, Holway said. Douglass, who became interested in politics while working on a political campaign as a college senior, will examine the factors that have influenced network news coverage of immigration issues. Maier, whose grandfather was a journalist arrested by the Nazis in Austria, will study how blogs, Internet news outlets, and social media have affected both politics and the media industry and the ways that readers can participate in news media. “There...

Author: By Alexandra C. Wood, CRIMSON STAFF WRITER | Title: Shorenstein Fellows Announced | 1/31/2007 | See Source »

...inform the student body of the events surrounding the closing of the paper, but university e-mails with the word “La Catarina” have been blocked by the administration, the paper’s Web site can no longer be accessed, and within the UDLA network, Web sites with articles concerning the paper have been blocked, according to Viveros.“We’ve been giving out copies of press releases, but the administration is trying to block out the information for the rest of the students as much as possible...

Author: By Marie C. Kodama, CRIMSON STAFF WRITER | Title: Students Say Mexican Paper Was Censored | 1/31/2007 | See Source »

...second commercial in this year's Super Bowl will cost as much as $2.6 million. But all it takes is a few seconds of a misplaced camera shot during the game to make a network wonder whether it's worth it. That's why CBS will be especially vigilant this weekend, after what happened during the Jan. 13 Fox broadcast of the NFC Playoff game between the Philadelphia Eagles and the New Orleans Saints...

Author: /time Magazine | Title: Bring Back John 3:16 | 1/31/2007 | See Source »

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