• Most Popular
  • Most Shared
A shopper browses the bread section at a Wal-Mart store in Santa Clarita, California April 1, 2008. REUTERS/Mario Anzuoni

The food-stamp economy

On the last day of every month, shoppers at Walmart load their carts with food and household items and wait for the midnight hour. Is this the new normal in America?  Full Article 

Judge clears way for Bloomberg to run again in NY

NEW YORK
Tue Jan 13, 2009 3:57pm EST
Mayor of New York Michael Bloomberg addresses a gathered audience before signing a bill extending term limits on elected officials at City Hall in New York November 3, 2008. REUTERS/Lucas Jackson

NEW YORK (Reuters) - The New York City Council had the legal right to extend term limits for itself and Mayor Michael Bloomberg, a federal judge ruled on Tuesday, clearing an obstacle for Mayor Michael Bloomberg to seek a third term.

U.S.

The judge dismissed a civil rights lawsuit filed by elected officials who opposed the new law. However Bloomberg still faces a potential barrier from a state legislator who is seeking to pass a law that might stop the mayor from running again.

In November, Bloomberg signed a law increasing the term limit for elected officials to three 4-year terms from two, overturning two public referendums, held in 1993 and 1996, that imposed the two-term limit.

Bloomberg, a former Wall Street trader and self-made billionaire who was elected mayor in 2001 and in 2005, has argued that the extraordinary financial crisis requires a person of his experience, so he decided to help overturn the referendums and run again this year.

A group of elected officials and voters filed suit in Brooklyn federal court to stop Bloomberg, saying the new law denied voters "meaningful participation in the political process."

In a 64-page ruling, U.S. District Judge Charles Sifton found that city law does not limit the City Council's "ability to overturn or modify laws passed by referendum."

"As a result, each subsequent enactment takes priority over previous ones, regardless of the source," the ruling said.

Randy Mastro, the lawyer for the plaintiffs, said he would consult with his clients before deciding whether to appeal.

"We certainly believe there are grounds for an appeal," he said. "We believe strongly that what our elected officials did was illegal."

Michael Cardozo, the city's chief lawyer, said the ruling "upheld the City Council's extension of term limits and allowed the voters of this city the opportunity to elect officials of their choosing."

Meanwhile, New York State Assemblyman Hakim Jeffries has reintroduced a bill he offered in the last legislative session to require a voter referendum on the issue.

A spokeswoman for Jeffries said he was confident the bill would eventually be brought to a vote.



More from Reuters

Photo

U.S. probing if al Qaeda linked to airplane incident

WASHINGTON (Reuters) - The Obama administration said on Sunday it was investigating whether al Qaeda was involved in a Christmas Day attempt to blow up a passenger jet and sought to head off Republican attacks over its anti-terrorism measures. | Video

A Delta Airbus 330 airliner sits on a runway at Detroit Metropolitan Airport in Romulus, Michigan in this video grab made December 25, 2009. Credit: REUTERS/WDIV TV/Handout

The battle in mid-air

The attraction of bombing airliners means the aviation industry has to be constantly vigilant in its fight against attackers.  Full Article 

A caution sign is seen next to a stock board at the Australian Securities Exchange (ASX) in Sydney September 5, 2008. REUTERS/Daniel Munoz
Political Risk in 2010:

Don't say we didn't warn you

With the financial crisis (mostly) in the past, U.S. investors are eying a fresh start to the coming year. Here's a look at what speedbumps lie ahead.  Full Article