New York’s stockmarkets are thrashing Hong Kong and London

In 2006 Charles Schumeripo and Michael Bloomberg took to the pages of the to express their concerns about New York. The senator and mayor both feared that the Big Apple was losing its financial edge. The city had, after all, captured only one of the previous year’s 24 largest initial public offerings (s).New York’s bigwigs have little to worry about these days. In the battle between , the city is increasingly a power with no equal. That is especially true when it comes to , where America’s financial hub is extending its already comfortable lead.