From Mormon to mammon
Utah is fast becoming a financial centre, thanks to a convenient loophole
“THERE is more to Salt Lake City than Mormons,” says Mayor Rocky Anderson. He hopes that next year's Winter Olympics will demonstrate this to outsiders, especially if his efforts to make it easier to buy alcohol in the city succeed. More appropriate than sozzled tourists, in the home of that hugely wealthy institution, the Church of Jesus Christ of the Latter-day Saints, is Utah's rapid emergence as a financial centre. It is an emergence, moreover, that bothers the Federal Reserve and its chairman, Alan Greenspan.
This article appeared in the Finance & economics section of the print edition under the headline “From Mormon to mammon”
From the June 9th 2001 edition
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