{"id":1072735,"date":"2021-12-01T13:29:28","date_gmt":"2021-12-01T18:29:28","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1072735"},"modified":"2021-12-01T13:29:35","modified_gmt":"2021-12-01T18:29:35","slug":"goldman-sachs-ceo-says-declining-new-york-city-may-lose-status-as-global-financial-hub","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/goldman-sachs-ceo-says-declining-new-york-city-may-lose-status-as-global-financial-hub\/","title":{"rendered":"Goldman Sachs CEO Says Declining New York City May Lose Status As Global Financial Hub"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">30<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fgoldman-sachs-ceo-says-declining-new-york-city-may-lose-status-as-global-financial-hub%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1072735&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>Goldman Sachs chief executive David Solomon warned at a Financial Times conference that New York City may cease to be a global financial hub if it does not end the policies causing its decline.<\/p>\n<p>During remarks at the conference, as summarized by <a href=\"https:\/\/nypost.com\/2021\/12\/01\/goldman-ceo-warns-nyc-must-keep-itself-attractive-for-business\/\">The New York Post<\/a>, Solomon said that \u201cNew York has to be aware that there are good choices, and it\u2019s got to keep itself attractive\u201d \u2014 especially with relation to \u201ctaxes\u201d and \u201ccost of living.\u201d<\/p>\n<p>Solomon added that no city is guaranteed \u201ca permanent place in the world,\u201d referring to Detroit losing its status as the capital of the automobile industry.<\/p>\n<p>Indeed, the tax burden in New York City is among the largest in the nation. The New York Post noted that the Big Apple imposes a 3.9% tax on top income-earners, in addition to New York state\u2019s 10.9% rate and the federal government\u2019s 37% rate.<\/p>\n<p>Earlier this year, many investment bankers \u2014 including Goldman Sachs employees \u2014 <a href=\"https:\/\/www.dailywire.com\/news\/bankers-are-begging-their-employers-for-transfers-from-new-york-to-florida\">flooded<\/a> recruiters\u2019 offices with requests for transfers to Florida.<\/p>\n<p>Fox Business <a href=\"https:\/\/www.foxbusiness.com\/money\/wall-street-workers-want-florida-transfers-as-job-waiting-lists-grow\">reported<\/a>:<\/p>\n<p>Job headhunters say banks such as JPMorgan and Goldman Sachs have what is being described as a waiting list of executives looking to move to the Sunshine State primarily because of its lower cost of living, but also because of other quality of life issues including a lower crime rate. Manhattan, where both firms are located, is dealing with a spike in crime and homelessness. Under Mayor Bill de Blasio crime statistics have risen in most categories with the New York Police Department reporting a 39.6% rise in grand larceny thefts last week for the four weeks ending June 6.&nbsp;<\/p>\n<p>\u201cThe JP Morgan recruiter from Florida just told me he\u2019s getting so much demand from employees in the northeast to move to Florida they\u2019re not even considering external candidates for those jobs,\u201d one financial services executive told Fox Business. \u201cI hear the same thing is happening at Goldman and elsewhere.\u201d<\/p>\n<p>More recently, New York City <a href=\"https:\/\/www.dailywire.com\/news\/new-york-citys-mayor-de-blasio-announces-opening-of-first-drug-injection-sites-gop-congresswoman-calls-move-unlawful\">opened<\/a> an \u201cOverdose Prevention Center\u201d to provide drug addicts with a safe and legal injection site.<\/p>\n<p>\u201cNew York City has led the nation\u2019s battle against COVID-19, and the fight to keep our community safe doesn\u2019t stop there. After exhaustive study, we know the right path forward to protect the most vulnerable people in our city. And we will not hesitate to take it,\u201d Mayor Bill de Blasio said in a statement. \u201cOverdose Prevention Centers are a safe and effective way to address the opioid crisis. I\u2019m proud to show cities in this country that after decades of failure, a smarter approach is possible.\u201d<\/p>\n<p>\u201cOverdose Prevention Centers can turn the tide in the fight against the opioid crisis, and New York City is ready to lead the way,\u201d added Deputy Mayor for Health and Human Services Melanie Hartzog. \u201cWe have lost too much to rely on the same playbook. It\u2019s time to take bold action to help our most vulnerable neighbors and the communities they call home.\u201d<\/p>\n<p>The Daily Wire is one of America\u2019s fastest-growing conservative media companies and counter-cultural outlets for news, opinion, and entertainment. Get inside access to The Daily Wire by becoming a <a href=\"https:\/\/www.dailywire.com\/subscribe\">member<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Goldman Sachs chief executive David Solomon warned at a Financial Times conference that New York City may cease to be a global financial hub if it does not end the policies causing its decline.During remarks at the conference, as summarized by The New York Post, Solomon said that \u201cNew York has to be aware that there are good choices, and it\u2019s got to keep itself attractive\u201d \u2014 especially with relation to \u201ctaxes\u201d and \u201ccost of living.\u201dSolomon added that no city is guaranteed \u201ca permanent place in the world,\u201d referring to Detroit losing its status as the capital of the automobile industry.Indeed, the tax burden in New York City is among the largest in the nation. The New York Post noted that the Big Apple imposes a 3.9% tax on top income-earners, in addition to New York state\u2019s 10.9% rate and the federal government\u2019s 37% rate.Earlier this year, many investment bankers \u2014 including Goldman Sachs employees \u2014 flooded recruiters\u2019 offices with requests for transfers to Florida.Fox Business reported:Job headhunters say banks such as JPMorgan and Goldman Sachs have what is being described as a waiting list of executives looking to move to the Sunshine State primarily because of its lower cost of living, but also because of other quality of life issues including a lower crime rate. Manhattan, where both firms are located, is dealing with a spike in crime and homelessness. Under Mayor Bill de Blasio crime statistics have risen in most categories with the New York Police Department reporting a 39.6% rise in grand larceny thefts last week for the four weeks ending June 6.\u00a0\u201cThe JP Morgan recruiter from Florida just told me he\u2019s getting so much demand from employees in the northeast to move to Florida they\u2019re not even considering external candidates for those jobs,\u201d one financial services executive told Fox Business. \u201cI hear the same thing is happening at Goldman and elsewhere.\u201dMore recently, New York City opened an \u201cOverdose Prevention Center\u201d to provide drug addicts with a safe and legal injection site.\u201cNew York City has led the nation\u2019s battle against COVID-19, and the fight to keep our community safe doesn\u2019t stop there. After exhaustive study, we know the right path forward to protect the most vulnerable people in our city. And we will not hesitate to take it,\u201d Mayor Bill de Blasio said in a statement. \u201cOverdose Prevention Centers are a safe and effective way to address the opioid crisis. I\u2019m proud to show cities in this country that after decades of failure, a smarter approach is possible.\u201d\u201cOverdose Prevention Centers can turn the tide in the fight against the opioid crisis, and New York City is ready to lead the way,\u201d added Deputy Mayor for Health and Human Services Melanie Hartzog. \u201cWe have lost too much to rely on the same playbook. It\u2019s time to take bold action to help our most vulnerable neighbors and the communities they call home.\u201dThe Daily Wire is one of America\u2019s fastest-growing conservative media companies and counter-cultural outlets for news, opinion, and entertainment. Get inside access to The Daily Wire by becoming a member.<\/p>\n","protected":false},"author":99,"featured_media":2315279,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1072735","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1072735","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/99"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1072735"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1072735\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1072735"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1072735"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1072735"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}