Did you see today's NYT editorial on possible relocation of NYSE?
It's online at
http://www.nytimes.com/yr/mo/day/editorial/30mon1.html
I don't quite understand the calculations here.
$300 billion in rent - in how long?
Employee taxes - how much?
What about businesses that would have to move out if NYSE expands,
and business that would have moved in if it leaves? What about
taxes they'll pay in New Jersey?
Can't they do, and publish, proper economic figures - if they can't
do it for NYSE, when can they?
Also, why is the huge manual trading floor still needed? I'd expect much less money would be needed to computerize the whole damn thing.