Word: bloomberg
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Dates: during 2000-2009
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...York City Mayor Michael Bloomberg really thinking of running for President next year as a self-financed independent? Or is he lowering his sights, as one Big Apple tabloid reported last week, and planning to take aim at the Albany statehouse in 2010 instead...
...Mike Bloomberg become a multi-billionaire by lowering his sights? I don't think so," says a friend of the popular second-term mayor. "Why would he want to be governor? If he runs for anything, it'll be the White House...
...Sources close to the mayor confirm that Bloomberg is not interested in trying to oust newly elected Democratic governor Eliot Spitzer from his job. "He's become the Paris Hilton of politics - people love to speculate about him," says one source, who adds that Bloomberg, a nominal Republican, is preparing to throw himself into the presidential race next spring, if he sees an opening. He's told people privately that he'd be willing to spend $500 million or more to finance an independent, third-party presidential campaign - to collect the signatures needed to get him on the ballot...
...Given the pace at which the leading candidates in the two parties are raising vast sums of money, however, half a billion might not cut it. Of course, Bloomberg, the 65-year-old founder of Bloomberg L.P., has plenty more cash if he needs it. He spent a combined $160 million of his own money to win the mayor's job in 2001 and re-election 2005. But he's a pragmatic man. He may have billions to spare, but he didn't get that rich by pursuing fantasies that had no chance of panning...
...options may soon become quite taxing. Staff members of the Senate Finance Committee met privately with experts on Monday to discuss how universities—specifically Harvard, Yale, and Stanford—avoid paying taxes on money that is invested in offshore hedge funds, according to an article in Bloomberg News. Depending on the conclusions reached, Harvard and other universities may have to change the way they invest their endowments, but no legislation has been introduced as of yet. According to current federal tax law, institutions like Harvard are exempt from paying taxes on earnings from investments. But they...