Study Says NY Has Some Advantages Over London

Though there are concerns that London could overtake NYC's position as the banking center of the world, a new study suggests the two cities both have a lot going for them, and NYC even fares better in some areas. The Sun reports that NYC has a "lower cost of living, more affordable housing, a stronger program to tackle urban poverty, and larger arts, fashion, and food scenes" vs. Blighty while London has better climate change prevention programs and "efforts to project a better city image." And though NYC has more financial regulations, there's now question whether London's lax regulations have hurt their banks.