New York City in the world at 103, including former Mayor Michael Bloomberg. New York also had the highest density of millionaires per capita among major U.S. cities in 2014, at 4.6% of residents. New York City is one of the relatively few American cities levying an income tax (currently about 3%) on its residents. New York is a global hub of business and commerce. The city is a major center for banking and finance, retailing, world trade, transportation, tourism, real estate, new media, traditional media, advertising, legal services, accountancy, insurance, theater, fashion, and the arts in the United States; while Silicon Alley,
Alley of the older thoroughfares in Covent Garden, Cecil Court dates back to the end of the 17th century. A tradesman's route at its inception, it later acquired the nickname Flicker Alley because of the concentration of early film companies in the Court. The first film-related company arrived in Cecil Court in 1897, a year after the first demonstration of moving pictures in the United Kingdom and a decade before London’s first purpose built cinema opened its doors. Since the 1930s it has been known as the new Booksellers' Row as it is home to nearly twenty antiquarian and second-hand independent