Economy of New York City bank with a permanent vote on the Federal Open Market Committee and its president is traditionally selected as the Committee's vice chairman. The bank also has the largest gold repository in the world, larger even than Fort Knox. Its vault is 80 feet (25 m) beneath the street and holds $160 billion worth of gold bullion. Silicon Alley, centered in Manhattan, has evolved into a metonym for the sphere encompassing the New York City metropolitan region's high tech enterprises involving the Internet, new media, telecommunications, digital media, software development, biotechnology, game design, and other fields within information technology that are
Concentration of media ownership concentration. Both the Council of Europe (CoE) and the European Union (EU) have tried to formulate a distinctive and comprehensive media policy, including on the issue of concentration. However, the emphasis of both the organisations was more on strengthening media diversity and pluralism than on limiting concentration, even though they have often expressed the need for common European media concentration regulations. However, the European Union enforces a common regulation for environmental protection, consumer protection and human rights, but it has none for media pluralism. Although there is no specific media concentration legislation at the European level, a number of existing