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Abstract

Over the past month, we have heard reports that UBS may move the staff of its United States investment bank from Stamford, Connecticut, to Manhattan by 2015. The Boston Globe recently reported that Biogen Idec is bringing its headquarters and more than 500 jobs back to Cambridge, Massachusetts, from Weston, where it moved less than a year ago. And Seattle-based Amazon.com Inc will build a publishing team in New York, with the help of a former publisher and literary agent, Mr Laurence Kirshbaum. The common theme of these stories is that cities and spatial proximity still matter in the Internet Age.

Citation

Glaeser, Edward L. "Even Internet-Age Firms Need City's Ferment." Today (Singapore), June 24, 2011.