Michael Bloomberg eyeing independent White House bid: AP source

NEW YORK -- Former New York Mayor Michael Bloomberg is taking early steps toward launching an independent campaign for president, seeing a potential path to the White House amid the rise of Republican Donald Trump and Democrat Bernie Sanders.

See Full Article

Bloomberg has retained advisers and plans to conduct a poll after the Feb. 9 New Hampshire primary to assess the state of the race and judge whether there is an opening for him to mount an independent campaign, according to three people familiar with his thinking. They spoke on condition of anonymity because they were not authorized to speak publicly about his plans, which were first reported Saturday by The New York Times.

Bloomberg has set a March deadline to decide on whether to enter the race, to ensure his access to the ballot in all 50 states.

The billionaire media executive, who served three terms as mayor of New York, is said to be concerned by Trump's lasting hold on the Republican field and is worried about the impact of Sanders' campaign on Hillary Clinton's bid for the Democratic nomination.

Bloomberg's efforts underscore the unsettled nature of the presidential race a little more than a week before the first round of primary voting. The months-long rise of Sanders and Trump has shaken up the political establishment in both parties and on Wall Street, who've struggled to combat their climb in primary polls.

A longtime Democrat who became a Republican to run for mayor in 2001 and later switched to be an independent, Bloomberg would strongly consider a bid if the general election looked like it could turn into a contest between Sanders and Trump or Texas Sen. Ted Cruz.

He is not ruling out a bid if Clinton is ahead on the Democratic side, though people familiar with his plans believe it is not particularly likely Bloomberg would challenge Clinton in a general election. But they said Bloomberg has expressed concern about the damage caused by revelations she used a private email address and server while serving as secretary of state, and he fears she may emerge atop the Democratic field as a weakened nominee.

The two New Yorkers have a cordial relationship, people close to them say. They met privately at Bloomberg's offices a few months before Clinton announced her campaign last April, before an event announcing a philanthropic initiative to measure and track data about issues affecting women and girls. Bloomberg has also spoken at events hosted by the Clinton Foundation.

To prepare for a potential run, Bloomberg has also instructed aides to research previous third-party runs and is said to be willing to spend up to $1 billion of his own fortune, estimated to be about $37 billion, to finance his campaign.

Bloomberg, 73, has no personal animus toward Trump -- he believes the real estate developer is "a nice guy," according to one of the people familiar with his plans-- and knows him from New York's social circuit and from dealings with Trump when Bloomberg was mayor. But he strongly disagrees with Trump's political positions, particularly his stance on immigration, the person said.

One of the richest people in the United States, Bloomberg has previously toyed with presidential runs, but concluded ahead of the 2008 and 2012 campaigns he could not win. He delivered a powerful late endorsement of President Barack Obama's re-election effort, though he's been known to criticize the president personally in private conversations.

The founder of the financial news and information provider Bloomberg LP, he was a political novice when he launched an unlikely bid for mayor in 2001.

He was trailing badly in the polls before the 9-11 attacks, but then received the endorsement of the popular then-Mayor Rudy Giuliani. Bloomberg played up his business expertise and campaigned as the candidate best able to help steady New York's economy in the aftermath of the attacks.

He won a narrow victory and was re-elected handily four years later. He then spearheaded a change to the city's charter to allow him to win a third term in 2009. He oversaw a gilded age in the nation's largest city. Manhattan shed its gritty image to become the sparkling star of film and television. Record numbers of tourists arrived. So did young professionals seeking their future. But critics noted the growing gap between the city's rich and poor.

The former mayor is largely a social liberal -- he fought for same-sex marriage in New York and is pro-abortion rights -- and implemented a number of health reforms in New York City, banning smoking in public places and instituting calorie counts on menus.

He has also became arguably the nation's most vocal proponent of gun control, using his fortune to bankroll candidates across the country who clash with the National Rifle Association.

But liberals have found fault with his cozy ties to Wall Street and his unquestioned support for the New York Police Department, which drove down crime during his tenure but engaged in tactics that a federal judge later ruled discriminated against minorities.



Advertisements

Latest Canada & World News

  • Canada Post is scaling back its letters-from-Santa program for kids who write from school

    Canada News CBC News
    Canada Post says Santa won't be sending as many personalized letters to kids this year, though he still wants to make sure he responds to every note he receives. The postal agency says many children write letters to Santa both from home and from school, which gave Santa and his elves a total of 1.6 million notes to reply to last year. Source
  • Hydro hip-hop: listen to two tunes about Ontario hydro bills

    Canada News CTV News
    The Wack MCs have the “Hydro Blues.” “Look at this bill -- am I reading it right?” they rap in a new music video. “If I feed my kids, I gotta shut off my lights?” Source
  • 12 dead in hotel fire in Georgia's Black Sea resort

    World News CTV News
    TBILISI, Georgia -- The Georgian Interior Ministry says 12 people have died in a fire in a hotel in the Black Sea resort city of Batumi. Russia's TASS news agency is quoting the ministry as saying the fire engulfed the Leogrand hotel late Friday evening. Source
  • Canadian charged in Yahoo hacking case to plead guilty in U.S., court records say

    Canada News CBC News
    A Canadian accused by the United States of helping Russian intelligence agents break into email accounts as part of a massive 2014 breach of Yahoo accounts is expected to plead guilty next week, according to court records. Source
  • Notley wins over Calgary business crowd, starting with 'eastern bastards' remark

    Canada News CBC News
    Two years after struggling through a speech in front of an awkwardly silent business crowd, Rachel Notley stood before the Calgary Chamber again on Friday and opened with a joke. "I spent the earlier part of the week out in Ontario — you know, the home of those eastern bastards," the Alberta premier said. Source
  • Starting with 'eastern bastards' remark, Notley wins over Calgary business crowd

    Canada News CBC News
    Two years after struggling through a speech in front of an awkwardly silent business crowd, Rachel Notley stood before the Calgary Chamber again on Friday and opened with a joke. "I spent the earlier part of the week out in Ontario — you know, the home of those eastern bastards," the Alberta premier said. Source
  • Jewish group, residents of Ontario town urge new name for 'Swastika Trail'

    Canada News CTV News
    A major Jewish advocacy group in Canada has stepped up efforts to help some residents of an Ontario town convince local politicians to rename a street currently called Swastika Trail. B'nai Brith Canada started an online petition Thursday calling on Puslinch Township, about 75 kilometres west of Toronto, to change the street name. Source
  • Fraud trial of the 'Muslim Madoff' adjourned after accused fires lawyer: Crown

    Canada News CBC News
    The trial of a Toronto businessman charged with fraud for allegedly pocketing millions in "Shariah-compliant" mortgages has been delayed until next fall — just as it was beginning. The opening day of the trial for Omar Kalair, dubbed the "Muslim Madoff" by some of the homeowners who were allegedly left thousands in the hole after buying into the mortgages marketed to Muslims, got underway earlier this month. Source
  • False killer whale is latest cetacean to die at Vancouver Aquarium

    Canada News CTV News
    VANCOUVER -- The Vancouver Aquarium says the false killer whale it rescued off a beach over three years ago has died at the facility. The aquarium says in a statement that Chester's behaviour changed Wednesday and despite intensive veterinary care, he died this morning. Source
  • 'Chester' is 4th cetacean dead at Vancouver Aquarium this year

    Canada News CTV News
    VANCOUVER -- A false killer whale has died at the Vancouver Aquarium, becoming the fourth cetacean to die at the facility in the past year. The aquarium said in a statement that Chester's behaviour changed Wednesday and despite intensive veterinary care, he died on Friday morning. Source