Tuesday, June 05, 2007

New Yorkonomics

Here's an interesting article found in New York Magazine on making a buck in NYC. They "picked a disparate cross section of New York institutions and examined their inner workings. Some are nonprofits (a soup kitchen, a private school), some are not profitable (a fledgling yoga studio, the Yankees—at least on an annual basis), and at least one, Goldman Sachs, is stratospherically lucrative (though a lazy meth dealer ekes out a higher margin). A note: Where companies wouldn’t provide figures, our estimates are based on analyst reports, tax filings, and interviews with former and current employees." $192,000 profit/year for owning a sex-shop in the west village!! Not too shabby.

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