Opinion Despite His Billions, Bloomberg Busts

18:11  20 february  2020
18:11  20 february  2020 Source:   nytimes.com

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  Pelosi Says She Agrees With Trump on Threat Posed by Huawei U.S. House Speaker Nancy Pelosi said she agrees with President Donald Trump‘s assessment of the threat posed by American allies and other countries using Huawei Technologies Co. equipment to build 5G networks. © Bloomberg Nancy Pelosi Speaking at the Munich Security Conference, Pelosi said she was going to speak with “candor” to European allies about the dangers of allowing a company with connections to the Chinese government to build global information networks.“I tell you, unequivocally and without any hesitation, be very careful when you go down this path unless you want to end up with a society like China,” she said.

She likened Bloomberg to Trump in terms of not only his attitude toward women but also his lack of transparency about his taxes and policies of his that she described as racist. But I do know that it’s not the ideal run-up to November, and Bloomberg ’s billions aren’t magically going to make it all better.

In his latest TV ad, Steyer — who's a billionaire like Bloomberg , albeit about 50 times less rich — gives a megaphone to what some other Democrats have been saying. Bloomberg will make his Democratic debate debut on Wednesday night after meeting the polling threshold needed to qualify.

Michael Bloomberg, Elizabeth Warren are posing for a picture: Mike Bloomberg and Elizabeth Warren on the debate stage Wednesday in Las Vegas. © Erin Schaff/The New York Times Mike Bloomberg and Elizabeth Warren on the debate stage Wednesday in Las Vegas.

Editor’s note: The opinions in this article are the author’s, as published by our content partner, and do not necessarily represent the views of MSN or Microsoft.

You can buy ads and saturate the airwaves with them. You can buy allies, especially with the right budget.

But you can’t buy a debate performance, and that’s why Mike Bloomberg’s on Wednesday night mattered so much. This was the man talking, not the money.

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  Bloomberg surpasses $400M in ad spending for 2020 race Michael Bloomberg has spent more than double his nearest Democratic presidential primary rival on campaign ads. © Provided by Washington ExaminerData from political ad tracker Kantar/CMAG shows the former New York City mayor spent roughly $417.7 million as of Sunday morning, which according to CNN's David Wright, also includes futures reservations. The amount is 10 times as much as Vermont Sen. Bernie Sanders and former South Bend, Indiana, Mayor Pete Buttigieg, who leads the delegate race in the contest, have each spent.

Bloomberg was defending his net worth, estimated to be around billion , pointing out he earned it through 'hard work' and that he was giving his money away when Sanders argued the workers helped make that money. ‘Mr. Bloomberg , it wasn't you who made all that money.

Bloomberg the Company & Its Products Bloomberg Anywhere Remote LoginBloomberg Anywhere Login Bezos, of course, knows that. His brief announcement of the billion commitment says: “It’s going to Bezos’s billion alone cannot do it all. Nothing alone does. But despite all the very real

And the man needed rescue — from his bloodthirsty rivals and even more so from himself.

Making his first appearance alongside other contenders for the Democratic presidential nomination, Bloomberg knew that he would be under furious attack and had clearly resolved not to show any negative emotion. But that meant that he often showed no emotion at all. Or he looked vaguely bemused, and that didn’t communicate the coolness that he intended. It signaled an aloofness that he very much needed to avoid.

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He made a groaner of a joke about his wealth, saying that he could hardly use a plebeian instrument like TurboTax to ready his tax returns for public consumption. He made light of past harassment-related complaints from female employees: “None of them accuse me of doing anything other than maybe they didn’t like a joke I told.”

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Michael Bloomberg defended his billionaire status during the Democratic debate in Las Vegas.

Topline: Michael Bloomberg promises to sell his multibillion-dollar financial-data and media company Bloomberg LP if he becomes president, but a Bloomberg LP brought in about billion in revenue in 2019. The company provides news and data for some 325,000 customers who each pay a

He repeatedly — and laughably — suggested that he wouldn’t tear up nondisclosure agreements with women who have sued him or his company because they wanted the silence as much as he did. Elizabeth Warren hammered and hammered him on this point, but he wouldn’t budge, and that left the impression that he couldn’t budge. The truth would be too ugly.

Ugly: That’s the word for this ninth debate of the Democratic primary season. It had the fewest candidates — six — but the most nastiness, because those candidates clearly felt an urgency to diminish their competitors and elevate themselves before it was too late. A meager haul of votes in the Nevada caucuses this coming Saturday could effectively undo one or more of them; a poor showing on Super Tuesday less than two weeks from now would definitely be the end of the road.

So Pete Buttigieg went after Amy Klobuchar. Bernie Sanders went after Buttigieg. Joe Biden went after Sanders. Elizabeth Warren went after everybody, a Sherman tank bent on flattening everything in her path. And all of them went after Bloomberg. Dear God, how they went after Bloomberg. I’ve seen chum treated with more delicacy by great white sharks.

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Bloomberg the Company & Its Products Bloomberg Anywhere Remote LoginBloomberg Europe has also seen its fastest ever start to the year for sales of new junk bonds with 12.4 billion euros IMF Sees Rebound Despite Outbreak; Deaths at 2,000: Virus Update February 19, 2020, 9:45 AM EST.

Mike Bloomberg has spent hundreds of millions of his own fortune on his presidential bid. A New York Times investigation has also revealed how the former

It’s no wonder they wanted a bite of him. It was the first time since Bloomberg announced his run for the presidency that he was within reach. For three high-spending, high-flying months, he campaigned essentially as a phantasm, ubiquitous in television commercials but averse to interviews, a supposed paragon of electability who had yet to put himself before voters, more idea than actuality, able to be seen but not touched.

But on Wednesday night, that changed abruptly. The apparition became flesh. And it was bruised from the get-go and bloodied soon after.

Sanders fielded the opening question of the night and, within the first 15 seconds of his response, pivoted to a denunciation of Bloomberg’s stop-and-frisk policing policy, which focused on young men of color, when he was mayor of New York.

Warren quickly joined in, expanding the critique of Bloomberg to coarse, sexist comments he allegedly made about women. She quoted a few of those remarks without naming the source, then said: “I’m not talking about Donald Trump. I’m talking about Mayor Bloomberg.”

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  Bloomberg in debate: Billions of dollars, zero vision Michael Bloomberg had a lot of bad moments in his first debate as a Democratic candidate for president. He had little to say when Elizabeth Warren slammed him for having called some women, at various times in the past, "fat broads" and "horse-faced lesbians." He seemed conflicted about stop-and-frisk. He was weak when confronted with his practice of making some women who worked for him sign non-disclosure agreements. require(["medianetNativeAdOnArticle"], function (medianetNativeAdOnArticle) { medianetNativeAdOnArticle.getMedianetNativeAds(true); }); But even with all that, Bloomberg saved the worst for last.

She likened Bloomberg to Trump in terms of not only his attitude toward women but also his lack of transparency about his taxes and policies of his that she described as racist. “Democrats take a huge risk,” she summarized, “if we just substitute one arrogant billionaire for another.”

It was as if the candidates had made a private pact to eviscerate Bloomberg, who has spent hundreds of millions of his roughly $60 billion fortune to climb in the polls and is poised to spend hundreds of millions more before the nomination is decided.

Is he trying to purchase it? Absolutely. But, as he said at the debate, there’s a great cause behind that expenditure — his determination to deny Donald Trump a second term — and his funding of his own presidential bid at least means he’s beholden to no one.

That logic didn’t impress the other candidates onstage, though Buttigieg arguably showed Bloomberg some mercy by denigrating him and Sanders together in one stroke. He called them “the two most polarizing figures on this stage,” one of whom thinks that “capitalism is the root of all evil” and the other of whom thinks that “money ought to be the root of all power.”

“We shouldn’t have to choose between one candidate who wants to burn this party down and another candidate who wants to buy this party out,” Buttigieg said. “We can do better.”

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That line was obviously scripted but no less fascinating for it, because it affirmed the nutty extent to which Bloomberg, by dint of financial swagger and aggressive public relations, has created the narrative that he is the obvious moderate alternative to Sanders and the most fearsome adversary for Trump. There’s no real proof yet of either. But it’s a notion with enough currency that Buttigieg, who actually leads the Democratic contest so far in terms of accrued delegates, felt the need to chip away at it.

Bloomberg sure seemed fearsome, at least before Wednesday night, and while money is a principal reason, it’s not the only one. Much of his 12-year record as a three-term mayor of America’s most populous city is commendable. He built his phenomenally successful business himself and, having done so, channeled a significant fraction of his wealth into philanthropy.

He mentioned all of that during the debate, albeit in a manner too rushed and too flat, so that the good of Bloomberg receded behind the awkward of Bloomberg — and Bloomberg can be awfully awkward. As someone who admires much about him, I found myself cringing again and again.

Maybe Bloomberg never stood a chance, not given how prepared his rivals were to tear him apart and the particular exuberance and eloquence that Warren brought to the task. She savaged him not only for his mistakes but for his explanations of those mistakes, so that his apologies were all but erased.

You thought there was acrimony between Warren and Sanders? They’re honeymooning sweethearts compared to her and Bloomberg.

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But he was his own worst enemy. At one point he clumsily tried to paint Sanders as a hypocrite for espousing democratic socialism while being a millionaire and owning three houses himself. This wasn’t the pot calling the kettle black. This was a six-burner Wolf range calling the dorm-room hot plate a stove.

Sanders was the big winner of the night, because he entered the debate as the front-runner but evaded the kind of harsh treatment that a front-runner usually gets. Bloomberg got it instead.

So while Bloomberg warned direly that Sanders would be a disastrous nominee and possibly guarantee Trump’s victory, Bloomberg’s presence onstage may have bettered Sanders’s odds of getting to the general election. It certainly didn’t better Bloomberg’s.

There was another winner: Trump. The candidates flexed so much disdain for one another that they had a limited reserve for him, and I can imagine Trump and his advisers scouring the night’s transcripts for tips on how to take down whoever the eventual Democratic nominee is.

I don’t know how Democrats escape the uncomely chaos of their contest. But I do know that it’s not the ideal run-up to November, and Bloomberg’s billions aren’t magically going to make it all better.

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Malaysia’s leadership tussle ended on Saturday with the country’s monarch picking former home minister Muhyiddin Yassin over interim prime minister Mahathir Mohamad as the nation’s next leader. © John Shen Lee/AP Photo Politician Muhyiddin Yassin, center, waves to media after outside his house after he being appointed as the new prime minister in Kuala Lumpur, Malaysia, Saturday, Feb. 29, 2020.

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