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 been a key argument for the loosening of ownership rules within Europe." In 2002, the European Parliament tried to revitalize the efforts on regulating media concentration at the European level and adopted a resolution on media concentration which called on the European Commission to launch a broad and comprehensive consultation on media pluralism and media concentration and to prepare a Green Paper on the issue by the end of 2003. The European Commission failed to meet this deadline. In the following years, during the process of amending the Televisions Without Frontiers directive, which was adopted by the EP and the