In these tough economic times, it is sometimes hard to think of a silver lining. But Richard Florida proposes an interesting one: that what is bad for financial services firms may be good for artists and psychiatrists. I think he may be on to something.
In an essay in the latest Atlantic magazine, Florida suggests that New York City may not be as badly affected as some other US cities by the recession – despite being the home of Wall Street – because a lot of New Yorkers work in other industries, some of which are counter-cyclical. Read more