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Michael Bloomberg Bio Data :
Michael R. Bloomberg is an entrepreneur and philanthropist who served as Mayor of the City of New York for three terms from 2001 and 2009. Michael Rubens Bloomberg, the son of Charlotte (Rubens) and William Henry Bloomberg, an accountant, was in Boston when the tragedy occurred. He is descended from a Russian Jewish family. He grew up in a middle-class family in the city of Medford, Massachusetts.
Michael attended Johns Hopkins University, where he paid for his education by taking out student loans and working as a parking lot attendant to help pay for his expenses. Following college, he attended Harvard Business School, and in 1966, he was hired as an entry-level employee by Salomon Brothers, a Wall Street brokerage business.
As a result of his rapid advancement through the Salomon ranks, Bloomberg eventually became the firm’s information systems manager, controlling equity trading and sales. When Salomon acquired the company in 1981, he was fired from his position. He started out as a one-person operation in a one-room office with a vision of creating an information technology company that would improve the transparency and efficiency of the buying and selling of financial securities. With more than 15,500 people and offices in 73 countries worldwide, Bloomberg LP has grown into a global enterprise with more than $15 billion in annual revenue.
Bloomberg served as mayor of New York City from 2002 to 2013, during which time he brought his innovation-driven approach to city governance. He was able to turn around a failing public education system by boosting standards and holding schools accountable for their performance. Using strategies such as revitalizing old industrial areas, encouraging entrepreneurship, assisting small businesses, and strengthening key industries such as new media, film and television, bio-science and technology, and tourism, he has helped the country achieve record levels of economic growth and job creation. Even in the midst of a devastating national crisis, Mayor Bloomberg’s economic initiatives enabled New York City to see record-high levels of private-sector employment growth, which was particularly noticeable in formerly downtrodden neighborhoods.
As a result of his commitment to public health, he developed ambitious new tactics that have become national models, such as a ban on smoking in all indoor workplaces, as well as in parks and on beaches. During Mayor Bloomberg’s twelve years in office, the average life expectancy increased by 36 months. Innovative anti-poverty initiatives, including the Young Men’s Initiative and the Center for Economic Opportunity, were started by him. These ground-breaking programs have now spread to other cities and states across the country. As a result, the number of people on assistance in New York City decreased by 25 percent, and the city was the only major metropolis in the country to have no growth in poverty between the 2000 Census and the 2012 Census.
He also devised ground-breaking strategies to combat climate change and promote sustainable development, which enabled the city to reduce its carbon footprint by 19 percent as a result. His idea that the mayors and corporate leaders of America can assist in effecting change in Washington led him to build national bipartisan coalitions to combat illicit guns, reform immigration, and invest in infrastructure, all of which were successful. He was a staunch supporter of the city’s cultural sector, increasing funding for artists and arts groups while also assisting in the creation of more than 100 permanent public art commissions throughout the city’s five boroughs.
On the heels of leaving City Hall, Michael Bloomberg returned to the company he established, as well as dedicating more time to philanthropy, which has been a primary priority for him during his entire professional life. Beyond the five areas of focus for Bloomberg Philanthropies – public health, arts and culture, the environment; education and government innovation – Bloomberg has continued to support projects that are personally important to him, such as Johns Hopkins University, where he served as chairman of the board of trustees from 1996 to 2001 and his alma mater, Johns Hopkins University.
His passion and support have resulted in the university’s School of Hygiene and Public Health – the largest public health facility in the United States – being dubbed the Bloomberg School of Public Health in appreciation of his efforts. Bloomberg has made charitable contributions totaling more than $4.3 billion to a wide range of causes and organizations.
From 2010 to 2013, Bloomberg served as the chair of the C40 Climate Leadership Group, which brought international attention to the importance of cities in the battle against climate change.
In full Michael Rubens Bloomberg (born February 14, 1942, Medford, Massachusetts, United States), an American businessman and politician who built a financial data-services company and served as mayor of New York City from 2002 to 2013.
His undergraduate studies in engineering at Johns Hopkins University resulted in a Bachelor of Science in 1964, followed by an MBA from Harvard University in 1966, and an entry-level career with the investment bank Salomon Brothers. Within 15 years, he had risen to the position of partner and was in charge of the firm’s block trading operations at the time.
Salomon was laid off in 1981 as a result of his company being acquired by another corporation. Innovative Market Systems, a financial data-services company founded by Bloomberg in 1982, was funded by a $10 million partnership buyout, which supplied him with the capital he required.
By 2000, the rebranded Bloomberg LP had advanced to become the world’s premier provider of financial data and information. To be successful, the company needed a computer terminal that could provide a complete source of financial news and information. The Bloomberg computer terminal provided that. Additional assets included the Bloomberg Business News wire service, the news radio station WBBR in New York City, and the Bloomberg Television broadcasting company, all of which were controlled by the corporation.
As CEO of his company, Bloomberg served on the boards of several prominent cultural institutions, including the Metropolitan Museum of Art, Lincoln Center for the Performing Arts, the Central Park Conservancy, and the Jewish Museum, and he donated $100 million to Johns Hopkins University during his tenure as chairman. But he was also infamous for his despotic outbursts in the Bloomberg headquarters, where he was known for browbeating employees and turning against anyone who dared to criticize his company.
Mayor of New York City candidate Michael Bloomberg is a fierce competitor who has been a Democrat all of his life. He joined the 2001 contest as a Republican. A large portion of Bloomberg’s mayoral campaign was supported by his own personal riches, which totaled more than $68 million at the time (his reported net worth at the time was over $4.5 billion).
Bloomberg’s campaign themes centered on topics that were important to New Yorkers, such as traffic and transit improvements, affordable housing, and educational opportunities. It was the backing of outgoing New York City Mayor Rudolph Giuliani, whose conduct following the September 11th attacks was generally acclaimed, however, that helped him the most. Bloomberg was victorious in the New York City mayor’s race on November 6, despite being behind in the polls mere weeks before the election. After taking office, he quickly began leading rebuilding initiatives, advocating for the passage of a controversial citywide smoking ban (the Smoke-Free Air Act of 2002), reviving tourism, and eradicating the city’s fiscal imbalance.
When he was elected to a second term as mayor in 2005, Bloomberg advocated for a ban on trans fats in processed foods, supported environmental initiatives such as congestion pricing during rush hour traffic, and offered a 25-year plan for repairing the city’s infrastructure. Additionally, he increased his national profile by giving policy-related lectures across the country and, in 2007, by leaving from the Republican Party, all of which stoked speculation about Bloomberg’s interest in running for President of the United States in 2008 as an independent candidate.
Instead, he indicated in October 2008 that he would run for re-election as mayor if the city’s term-limit law were altered, which he believes would happen. Following a few weeks, the New York City Council amended the law to allow for three consecutive terms of office. Bloomberg was re-elected as mayor of New York City in November 2009.
It was also the growing controversy surrounding the New York Police Department’s so-called “stop and frisk” policy that had an impact on Bloomberg’s final term. The policy allowed officers to detain, question, and search suspected individuals without reasonable suspicion of their involvement in a crime. While many people have condemned this technique for disproportionately targeting minorities, Bloomberg has justified it as an essential weapon in the fight against criminal activity. When Bloomberg’s last term expired in 2013, he was succeeded by Bill de Blasio, who is currently the mayor of New York City.
Following his resignation from the presidency, Bloomberg returned to the management of his eponymous financial data and media company, Bloomberg LP. Continued involvement in environmental concerns led to the publication of Climate of Hope: How Cities, Businesses, and Citizens Can Save the Planet in 2017 by a group of environmental activists (written with Carl Pope). In 2018, Bloomberg established the American Cities Climate Challenge, a $70 million program to assist 20 cities in their efforts to combat global warming.
The program was launched a year after Republican President Donald Trump stated that the United States would withdraw from the Paris Climate Agreement on global warming. In 2018, Bloomberg, a vociferous opponent of President Donald Trump, has committed to spend at least $80 million to defeat Republicans in the 2018 midterm elections. In that same year, he changed his political affiliation to Democrat, igniting speculation that he will run for president in 2020.
In November, Bloomberg formally entered the campaign for the presidency, after having previously stated that he would not run for president in 2019. Despite spending more than $500 million, he was unable to garner widespread support, particularly after delivering terrible performances in two presidential debates. In March 2020, he announced the end of his campaign and his support for Vice President Joe Biden.
Michael Bloomberg has received various honors throughout his career, including the Mary Woodard Lasker Award for Public Service in 2009. Earlier this year, he was awarded the honorary title of Knight Commander of the Order of the British Empire (KBE).
It is a news agency, also known as a press agency or a press association, or a wire service or a news service that gathers, writes about, and distributes news from around the country or the world to newspapers, periodicals and radio and television broadcasters, as well as government agencies and other users. All of the major news organizations, especially those with considerable news-gathering capabilities of their own, rely on the agencies for the vast majority of their news coverage and reporting.
The news agency is available in a number of different formats. In certain large cities, newspapers, radio stations, and television stations have banded together to provide regular coverage of news concerning the police, courts, government offices, and other public affairs. This has resulted in more comprehensive coverage of police, courts, and government offices. National agencies have broadened the scope of such coverage by gathering and disseminating stock-market quotations, sports outcomes, and election results, among other things. A few news outlets have broadened their scope to include coverage of international events.
It has evolved to include news interpretation, special columns, news pictures, audiotape recordings for radio broadcast, and, more frequently than not, motion picture film and videotapes for television news broadcasts. Since World War II, a growing number of agencies have been organized as cooperatives, and the tendency has continued. Individual members of this type of organization contribute news from their respective circulation zones to a central agency pool for distribution to the general public. Regional, national, and international news organizations have their own reporters to cover important events in major news centers, and they keep offices in order to expedite the dissemination of their services.
In addition to supplying investors with business and economic news, Bloomberg News is also recognized for promoting competition among business newswires.
Michael Bloomberg, an American businessman and politician, launched the company that would become known as Bloomberg LP in 1981. (originally named Innovative Market Systems). First, the corporation provided financial data about stocks, bonds, and other investments to Wall Street investment banks through the sale of computer terminals. Bloomberg and American writer Matthew Winkler founded Bloomberg Business News in 1990, with Winkler serving as the publication’s editor in chief at the time. The company’s computer terminals were used to deliver the news service to its employees.
By 1991, Bloomberg Business News had established bureaus in New York, Washington, London, Tokyo, Toronto, and New Jersey, in addition to its headquarters in New York. Bloomberg Television, a business news channel, was added to the lineup in 1994. As part of its investment magazine, Bloomberg Personal, which was initially distributed as a Sunday newspaper supplement, the company also established Bloomberg Press to publish books for financial professionals and the general public on topics such as investing, economics, and current affairs in 1996. BusinessWeek magazine was purchased by the corporation in 2009. (renamed Bloomberg BusinessWeek).
As Bloomberg Journalism gained prominence in the world of business news, its competitors began to be wary of the company’s success. Due to the fact that it was unable to compete with both Bloomberg and Reuters, Dow Jones eventually sold its Telerate data operations (which were similar to the Bloomberg terminal in that they were leased to Wall Street traders and contained data about investments).
John Micklethwait, a former editor in chief of The Economist, took over as editor in chief of Bloomberg News in 2014. Winkler remained editor-in-chief of Bloomberg News until his retirement in 2014. Bloomberg News had 150 bureaus in 73 countries by 2016, according to the company. Bloomberg News was well-known for having an intensive, editor-driven culture, and employees who left the news service to work for other media firms were not often brought back by the company.
In order to write articles in a precise fashion, business journalists who joined Bloomberg were instructed to do so in accordance with the company’s internal stylebook, The Bloomberg Way: A Guide for Reporters and Editors (1991). According to the book, which has been updated numerous times, reporters were taught how to cover specific events, such as company profits and the daily performance of the stock market. Typical Bloomberg News stories were distinguished by the use of a four-paragraph lead structure, which included the “nut” paragraph (which explained the rationale for the story; it was usually, but not always, the third paragraph) and a quote, which was usually in the fourth paragraph, among other elements.
Many business journalists found the Bloomberg terminal to be an extremely valuable reporting tool. In addition to phone numbers and email addresses, the terminal allowed access to information about millions of company leaders as well as Wall Street analysts and investors, and industry consultants, among other things. It also supplied records from the Securities and Exchange Commission for all publicly traded firms, as well as information on lawsuits and judicial judgments.
Bloomberg News was also a major driving force behind the evolution of journalism. In the 1990s, Winkler successfully lobbied federal government agencies to recognize the organization as a media organization, allowing its reporters to be credentialed to cover breaking news such as monthly unemployment statistics and quarterly gross domestic product figures, among other things. Journalists from Bloomberg were denied credentials since their news was provided on terminals rather than through a wire service or in a printed newspaper.
Aside from that effort, Winkler was a driving force behind the Securities and Exchange Commission’s Regulation Fair Disclosure, legislation that mandates public firms to publish critical information to all stakeholders at the same time. In the past, firms had the option of prohibiting investors, analysts, and journalists from listening in on their conference calls where they disclosed their earnings or other news, or from attending meetings where they discussed their business operations. Business journalists now have more access to information about the corporations they cover as a result of the new rule.
In current usage, the term mayor refers to the head of a local administration. As a result, the mayor is virtually always the chairman of the municipal council as well as the chairman of the executive committee of the council. Aside from that, the mayor may also serve in the capacities of chief executive officer, ceremonial figurehead, and representative of the central government in the local area. When it comes to a different, more contemporary style of municipal management—the council-manager system—the mayor has a significantly diminished role, functioning essentially just as the council’s leader. With respect to any particular system of local government, it is reasonable to assert that the mayor’s position is largely dependent on his or her relationship with the council and with the central government.
Mayors are either appointed or elected to their positions. Until roughly the middle of the nineteenth century, the majority of mayors in Europe were nominated by the national government. With the rise of representative government came the practise of electing the mayor, which was followed by an increasing number of countries. This technique manifests itself in a variety of ways. When a mayor is elected in most European nations, he or she is chosen by the local council from among its members, and he or she is typically the head of the majority party or one of the largest parties in the city. The majority of mayors in Switzerland, Canada, New Zealand, the Philippines, and Japan are elected by their constituents.
In nations where the mayor serves as an agent of the central government, such as France, the mayor is usually both the actual and nominal leader of the local government, as is the case in many other European countries. To put it another way, the position is normally chosen by the central government, and the mayor has significantly higher executive powers than the council members. The mayor, acting as an agent of the federal government, serves as the lifeblood of the municipal administration and the focal point of policy development.
As a leading provider of business and economic information to the investing public, Bloomberg News is well-known in the New York City media market as well as for increased rivalry among the several business newswires. According to the website’s about page, Bloomberg LP owns and operates Bloomberg News.
In 1981, Michael Bloomberg, a prominent American businessman and politician, established Bloomberg LP (originally named Innovative Market Systems). Financial data on stocks, bonds and other investments was incorporated in computer terminals marketed to Wall Street investment banks at first. Bloomberg Business News was created in 1990 by Bloomberg and American journalist Matthew Winkler, who served as editor-in-chief. Company computers served as delivery devices for the news.
To better serve its readers, Bloomberg Business News established bureaus in a number of major cities throughout the world by the year 1991. As of 1994, Bloomberg Television had been added to the network’s lineup. After starting a Sunday newspaper supplement called Bloomberg Personal, the business also launched Bloomberg Press in 1996, which publishes books for financial professionals and the general public on topics such as investment, economics, and current events. BusinessWeek magazine was purchased by the corporation in 2009. (renamed Bloomberg BusinessWeek).
The success of Bloomberg News in the corporate realm prompted its competitors to be on guard. Since it couldn’t compete with Bloomberg and Reuters, Dow Jones sold its Telerate data operations (similar to the Bloomberg terminal in that they were leased to Wall Street traders and contained data about investments). Reuters employees were accused of taking confidential data from Bloomberg in an effort to copy some of its services in 1998.
John Micklethwait, the former editor-in-chief of The Economist, replaced Winkler as editor-in-chief of Bloomberg News in 2014. There were 150 bureaus in 73 countries by the year 2016 for Bloomberg News. As a result of Bloomberg News’ reputation for a tough, editor-driven culture, many of its former employees were not rehired. The Bloomberg Way: A Guide for Reporters and Editors, the company’s internal style guide, was used to teach business journalists how to write articles (1991). To help journalists cover specific stories like quarterly results and the daily stock market performance, the book has been revised and updated numerous times. This four-paragraph lead style was common at Bloomberg News, with the “nut” paragraph (which usually appeared in the third paragraph but wasn’t always) and a quote (frequently in the fourth paragraph) serving as a signature feature of the paper’s reporting.
Many business journalists found the Bloomberg terminal to be an invaluable reporting tool. The terminal gave users access to contact information, such as phone numbers and e-mail addresses, for millions of business leaders, Wall Street analysts and investors, and industry consultants. In addition, it supplied information on lawsuits and legal judgments from the Securities and Exchange Commission.
In addition, Bloomberg News was a major driving force in the evolution of journalism. To ensure that its reporters could cover breaking news such as monthly unemployment figures and quarterly GDP figures, Winkler worked with federal government agencies in the 1990s to gain their recognition as a media institution. Bloomberg reporters were denied access since their stories were not published in a wire service or in a print newspaper, but instead were delivered through terminals.
With regard to Regulation Fair Disclosure, Winkler spearheaded a campaign for the SEC’s requirement that public businesses must make key information available to all shareholders at once. If a company didn’t want the public to hear its conference calls or attend meetings where it discussed its business, it could do so in the past; however, this is no longer an option. As a result of the new regulation, business journalists now have broader access to company information. a municipal government’s chief executive officer is known as the mayor. Because of this, the mayor predominates as head of the city council and executive committee. Additionally, the mayor can serve as the city’s chief executive officer, as well as a symbolic leader and representative of the federal government on the local level. For example, in the council-manager style of municipal government, the mayor serves primarily as the council’s chief representative. The mayor’s position is largely dependent on the mayor’s relationship with the council and the central government, regardless of the system of local government.
Appointed or elected, there are two types of mayors. Most mayors in Europe were nominated by the central government until the middle of the nineteenth century. More and more countries have embraced the practice of electing the mayor as a result of the emergence of representative government. There are many variations on this theme. Local councils in most European nations elect their mayors from among their members, who are typically the leaders of the majority or one of the largest political parties in the area. Municipal elections are largely based on the popular vote in countries like Japan, Switzerland, Canada, New Zealand, the Philippines, and the United Kingdom.
Mayors in nations like France, where they operate as representatives of the national government, are both the nominal and practical leaders of their municipalities. Accordingly, the position is usually decided by the central government and has far more executive powers than the city council. Because of his or her role as a representative of the federal government, the mayor serves as the engine and focal point of local policy.
|Michael Bloomberg Contact Address, Phone Number, Email ID, Website|
|Fanmail Address (residence address)||Michael Bloomberg, 17 E 79th Street, New York, NY 10075-0101, USA.|
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Michael Bloomberg Address: Boston, Massachusetts, U.S.
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