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
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