Oh that’s true, but also remember that some cities have been around for going on four thousand years. Sometimes less important, sometimes more, but always there, and always centers of civilization and trade.
Even after several brutal wars and the crushing of its independent history, Carthage was still an important city in the ancient world.
Rome is not as old as Carthage, has been sacked several times, and is still a very important city.
Sun Rises in East… and in other news, Cheney is a big fucking liar. :p:D
And radiation exposure prevents Alzheimer’s Disease. 
Sure. And one can expect that NYC will decline some day. Will it be like Buffalo or Detroit? I don’t know, but I would imagine that during Detroit’s heyday, it was difficult to enivsion a decline.
And eventually Carthage declined.
While I might be partisan, it would seem that London remains more flexible and time zone wise the Asian centres provide more trading balance from a human perspective (I mean for actual living persons trading). An intrinsic reason to see the GMT +/- 5 hour cap mkts business shift to London or EU mkts is less imperial legal regime (current US tendency to trying to ad ho externalise political lawsuits) and better Asia the West mkt timing.
Nova Yorkium Delindo Est!
Yeah, well, the Cato Institute has always had a grudge against Eastern liberal elites.
Wait, what? People were unaware of the coming fiscal crisis?
Norwegian papers have run stories on it since June and it’s been damned hard to find a sober financial analyst since July. (And I think my bank started hiring on-call psychiatrists and buying up large supplies of prozac back in August.)
:d