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	<title>Comments on: Will London drop the baton?</title>
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	<description>Get to grips with the issues affecting world business</description>
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		<title>By: Kent</title>
		<link>http://business.blogs.cnn.com/2008/08/22/will-london-drop-the-baton/#comment-2153</link>
		<dc:creator>Kent</dc:creator>
		<pubDate>Tue, 02 Sep 2008 22:15:21 +0000</pubDate>
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		<description>This will be Britain&#039;s 3rd hosting of the Olympics (&#039;04, &#039;52 and 2008) so they have the experience to carry out the games efficiently. Trivia: countries that have hosted the summer Olympics - Greece, France, U.S., Britain, Belgium, Sweden, Netherlands, Germany, Finland, Australia, Italy, Japan, Mexico, Canada, Russia, South Korea, Spain, and China....a very exclusive club.</description>
		<content:encoded><![CDATA[<p>This will be Britain&#039;s 3rd hosting of the Olympics (&#039;04, &#039;52 and 2008) so they have the experience to carry out the games efficiently. Trivia: countries that have hosted the summer Olympics &#8211; Greece, France, U.S., Britain, Belgium, Sweden, Netherlands, Germany, Finland, Australia, Italy, Japan, Mexico, Canada, Russia, South Korea, Spain, and China....a very exclusive club.</p>
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		<title>By: F. Huber</title>
		<link>http://business.blogs.cnn.com/2008/08/22/will-london-drop-the-baton/#comment-2110</link>
		<dc:creator>F. Huber</dc:creator>
		<pubDate>Sun, 24 Aug 2008 07:06:30 +0000</pubDate>
		<guid isPermaLink="false">http://cnnibusiness.wordpress.com/?p=160#comment-2110</guid>
		<description>East London lies east of &quot;The City &quot; (the centuries-old financial centre) and was a huge area of docks and wharves in the era when Britain was the leading manufacturing and  exporting nation in the world. 

The East London docks area was also where wave after wave of immigrants landed in Britain, especially Jews from Europe fleeing from Hitler and post-WW2 immigrants from all over the former British Empire (esp. from the Caribbean and the Indian sub-continent).    Once off the boats, these immigrants worked in the sweat shops in East London  which were located there to take advantage of the arrival of hundreds of thousands of  cheap unskilled workers, bur of course their ambition was to get out of that locality as soon as possible and move West into the more pleasant parts of London where the better paid jobs were.  The Jews were very successful in that respect - and the green, pleasant and intellectually flourishing suburb of Hampstead (north of central London) is where so many of their descendents now live.  

However, many immigrants (esp. the ones from the Caribbean and the Indian sub-continent) did not make it out of East London and so it has remained for generations a poor and underprivileged area with high rates of  unemployment and crime.    It remains to be seen if  the massive investment in  the OG will change this.   

To date the only effort to improve the area east of &quot;The City&quot; was the Canary Wharf project  of expensive offices and expensive housing but for years the hoped-for move of banks and other financial firms never happened.  Huge financial inducements and concessions  had to be made to attract firms to CW and the original investors went bankrupt.  In the end, after many difficult years, CW has become a financial centre,  but it is far from being a favoured area in which bankers etc want to live.   Why?  Because all the amenities,  theatres, good shops,
 restaurants, clubs, night-life and especially GOOD SCHOOLS etc are in Central and West London.</description>
		<content:encoded><![CDATA[<p>East London lies east of &#034;The City &#034; (the centuries-old financial centre) and was a huge area of docks and wharves in the era when Britain was the leading manufacturing and  exporting nation in the world. </p>
<p>The East London docks area was also where wave after wave of immigrants landed in Britain, especially Jews from Europe fleeing from Hitler and post-WW2 immigrants from all over the former British Empire (esp. from the Caribbean and the Indian sub-continent).    Once off the boats, these immigrants worked in the sweat shops in East London  which were located there to take advantage of the arrival of hundreds of thousands of  cheap unskilled workers, bur of course their ambition was to get out of that locality as soon as possible and move West into the more pleasant parts of London where the better paid jobs were.  The Jews were very successful in that respect &#8211; and the green, pleasant and intellectually flourishing suburb of Hampstead (north of central London) is where so many of their descendents now live.  </p>
<p>However, many immigrants (esp. the ones from the Caribbean and the Indian sub-continent) did not make it out of East London and so it has remained for generations a poor and underprivileged area with high rates of  unemployment and crime.    It remains to be seen if  the massive investment in  the OG will change this.   </p>
<p>To date the only effort to improve the area east of &#034;The City&#034; was the Canary Wharf project  of expensive offices and expensive housing but for years the hoped-for move of banks and other financial firms never happened.  Huge financial inducements and concessions  had to be made to attract firms to CW and the original investors went bankrupt.  In the end, after many difficult years, CW has become a financial centre,  but it is far from being a favoured area in which bankers etc want to live.   Why?  Because all the amenities,  theatres, good shops,<br />
 restaurants, clubs, night-life and especially GOOD SCHOOLS etc are in Central and West London.</p>
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