Is London the New New York? Or Is It the Other Way Around?

New York Sun – It’s a city of nearly 8 million where Mayor Bloomberg owns a townhouse. Paul McCartney, Gwyneth Paltrow, and Madonna all own homes here, too. It competed to host the 2012 OlympicGames. Architects Daniel Libeskind, Norman Foster, and Richard Rogers are all working here or have recently completed buildings. Rupert Murdoch owns a big, conservative, tabloid newspaper here. Theart scene is sizzling, real estate is super-pricey, and sushi-lovers can choose from at least two Nobu restaurants. The business world revolves around a big stock market and lots of new hedge funds.

The list of parallels between New York and London has always been long, but lately, with booming economies in both cities and trendy restaurants moving into old industrial neighborhoods, the two are looking more like mirror images.

Some say the two have more in common than any other international cities on the planet, making them both allies and, increasingly, competitors in the global economy.

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