Space in the city

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Found this article about " Why Johnny can't save for retirement". Great article and from a very good show. Sadly, the show " Wall $treet Week with FORTUNE" is off the air since 2005 . You should read this if you want to understand the following 401K Behavioral economics Neuroconservatism Libertarian paternalism Richard Thaler Here is the article Why Johnny can't save for retirement Money decisions are hard. It's not that we're stupid—we're just not wired properly. How brain science is changing the way we think about 401(k)s, Social Security, and the whole notion of retirement planning. By Justin Fox, FORTUNE March 8, 2005 The first question, flashed on a screen a few inches from my eyes, is easy. Do I want an Amazon.com gift certificate worth $16.31 today, or one worth $16.31 a month from now? Even with my head and upper body wedged into a magnetic resonance imaging machine that clatters like an unmuffled motorcycle engine as it scans ...

Also heard in the NY City-- with the latest change in the way NYSE trades and the impact of Sarbanes Oxley Act (SOX) the economy of lower Manhattan will changed for ever. There will be an increase in the high end residential spaces. This would fundamentally change the composition of lower Manhattan. But there is news also about companies moving back like the announcement that BearingPoint's (NYSE: BE) new national hub office at Three World Financial Center in Lower Manhattan which will house their Financial Services group headquarters. if certian provision of SOX is modified then NY might not loose the tag as the financial capital of the world to London. And if you get a chance watch the interview of Jack Bogle on forbes video network . He thinks there is a scope of improving the controversial SOX section 404 regarding controls.