Manhattan transfer: New York’s finance folk flee
The Intelligence from The Economist
The Economist
4.6 • 3.6K Ratings
🗓️ 30 October 2025
⏱️ 22 minutes
🧾️ Download transcript
Summary
Taxes upon taxes are just one of the reasons that both financial-industry hotshots and businesses are moving out of the Big Apple. We look at what that might cost the city. A snapshot of the drinks business reveals a subtle picture of who is drinking what, and where. And the Chinese rapper that is fast becoming a global household name.
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Transcript
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| 0:00.0 | The Economist. |
| 0:10.2 | Hello and welcome to the intelligence from The Economist. |
| 0:13.3 | I'm Jason Palmer. |
| 0:14.5 | And I'm Rosie Bloor. |
| 0:15.8 | Every weekday, we provide a fresh perspective on the events shaping your world. |
| 0:21.6 | Thank you. we provide a fresh perspective on the events shaping your world. |
| 0:28.6 | There's no simple picture of the world's drinking habits. The pandemic and generational change both put kinks in the curves. |
| 0:32.6 | And trends in the developing worlds don't match those in the developed one. |
| 0:36.6 | We get a snapshot of the booze biz. |
| 0:39.3 | And if you haven't heard of Sky is your god, then you need to get with the times. |
| 0:45.3 | By some measures, this Chinese rapper is more popular than household names such as Eminem and Drake. |
| 0:50.3 | Now he's on a global tour and could be coming to a stage near you. |
| 1:01.6 | But first... If you were to take a trip to Midtown Manhattan during the middle of the week, you would see what looks like a city on the top of its game. |
| 1:24.3 | Mike Bird is our Wall Street editor and a co-host of Money Talks, our weekly subscriber-only show |
| 1:29.1 | on business, finance and economics. |
| 1:31.5 | And on Friday, he'll be on checks and balance, our show on American politics. |
| 1:36.0 | He's a busy guy this week. |
| 1:38.6 | New York appears to be booming in many different ways. |
| 1:42.7 | It's a city that has really opened up a gap relative to other |
| 1:47.5 | international financial centres. In the last decade, London and Hong Kong have both had |
| 1:53.6 | domestic political problems which have really limited their reach in the world. I've moved to New York this year. It's a very, very fun place to live |
| 2:04.5 | and certainly a great place to rapport. But there are some trends happening in the city, |
... |
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