All New Yorkers know that their city is the center of the world, but a study done by consulting group McKinsey & Co. and commissioned by New York’s own Mayor Michael Bloomberg and Sen. Chuck Schumer shows that New York City may be losing its competitive edge as an international leader. The McKinsey paper showed that the Sarbanes-Oxley framework, a financial regulation put in place after Enron, is too complicated, and that New York may be falling behind in attracting new American and foreign talent. Obviously anything with a name that you can’t pronounce (Sarbanes-Oxley) must be too complicated and what could New York City possibly have to offer to young, new talent? Certainly, NYC doesn’t have a great nightlife, isn’t chock full of people with diverse backgrounds and interests, has no museums or culture and has a subway system that is wet, dirty and smelly. So according to Mayor Bloomy, we have to ease up on the financial regulations, but aside from the smelly subway, New York does have quite a bit to offer.