EcONONIY<br > Despite periodic hand-wringing， aboutits economy;.，New Yo， rk City boasts a Paw-=<br > neu of economic assets. I-irst is Ils sneer size: ~ne I ~ew YOrK area has the ~，uI<br > "-P" on of^eonle income finance ndustry end transportation of an-- argestc0~.<br > cenu~L v v ，.. ， . . . y uroana<br >New York streets have long been synonymous with some of the city s key induo，..<br >Wa/iStr~le~eW~tehn~l~n.~nCen，uBerOatdWaYhWoi~h" entertai t， Madison A ith ad~eeSr<br >The Pert. - New York s sheltered， iceJree ha rbor， and 750m，i of shoreline easily acc~<br >s ble to the Atlantic yet safe from ts bun-etm(~， contnouteo to the city s early ascendanc<br >ShiF hored in safety and dust e~ZntbeUiltobeo~uhnS m/~.owe~jvlan hattan alongtheEa<br >and Hudson rivers， the city became a ce y g a s trade with the w0 c<br >] he pod is still the nation s largest， although the advent of contamership techn00{<br >has forced most active piers from crowded Manhattan to roomler sites in Bro0kl~<br > ;talen Island end New Jersey， where the world s largest container terminal is a Po<br >Newark/Elizabeth. Some 100 shipping lines serve about 300 ports in 120 countries.<br > ~O the harbor handled $50 billion worth of cargo.<br > i， ，!;! porl services are managed by the powerful Port Authority of New York and Ne<br > ，，， ，% The. Authority operates: the harbor s general cargo and containership terminal<br > ~ ~:~t~nels and bridges connecting the city with New Jersey; the region s major buster<br > fk~，! on West 42nd Street; the Port Authority TransHudson (PATH) rail rapid trans!<br > ，-m; three major airports; two heliports; the World Trade Center complex in 10~r<br > ， hattan; and a passenger ship terminal on the Hudson Rivel， home port f0rthi<br > r ~ ~ ~ largest and most luxurious cruise ships. !<br > snce New York s eminence as a seaport led to its leadership in banking， Thec;tr!<br >. t.，lds 21 percent of the world s banking assets， and its fiw~ largest comme:~~<br > ; I [，~=~ks -Citicorp， Chase Manhattan， Morgan， Chemical and Bankers Trust-b0ar~<br > ，; ， .i，:~tive assets of about half a trillion dollars. All major financial illt;titutions， d0m#[~<br >