In New York, No One Matters But Bloomberg

Bloomberg essential with Wall Street in crisis: Lauder

(NEWSER) - Term limits have been great for New York City, but it’s time to make an exception, billionaire philanthropist Ronald Lauder writes in the Times. Lauder believes Michael Bloomberg is the man to steer New York through the current economic disaster, preventing a repeat of the 1970s crisis that ruined life “not just on Wall Street, but on every street in every borough.” More»

Mayor aims to change NYC's term-limits law

(NEWSER) - New York insiders say Mayor Michael Bloomberg will attempt to change existing laws and run for a third term, the Times reports, with his announcement to come Thursday. After long supporting term limits, Bloomberg, 66, has softened, with the financial crisis seen as a significant motivator. If successful, Bloomberg would be the fourth three-term mayor in modern times. More»

(NEWSER) - New York’s City Council voted today to allow a third term for elected officials, paving the way for another Michael Bloomberg administration, the New York Daily News reports. Last-minute wrangling in the chamber, including a failed vote to establish a referendum on the issue, led to the 29-22 victory. “The City Council decided to give the people of New York a fuller choice in the November 2009 election,” Bloomberg said. More»

New York City Council will consider measure to extend term limits

(NEWSER) - A controversial bill to ditch the two-term limit for New York City mayor Michael Bloomberg and dozens of other city officials will be introduced next week, reports the New York Times. City Council members believe Bloomberg has enough support to pass the measure, though supporters and critics alike are nonplussed by the lack of details being provided. The council vote could come later this month. More»

'Unprecedented challenges' push NYC mayor to seek 3rd term

(NEWSER) - Michael Bloomberg is officially seeking a third term to rescue New York from "meltdown" in the financial crisis, the Daily News reports. “I don’t want to walk away,” the mayor said in explaining why he intends to rewrite city rules despite thinking “term limits is a good idea.” Asked if he's motivated by ego, Bloomberg replied, “I don't think so.” More»