NORFOLK, Va. -New presidential candidate Michael Bloomberg traveled to the city that hosts the world’s largest Navy base on Monday and blasted President Donald Trump over the recent ouster of the nation’s Navy secretary.
For the first stop of his Democratic campaign, Bloomberg went to Norfolk, where he criticized Trump over the firing of Richard Spencer. The civilian leader of the Navy said he could not in good conscience follow an order by the president to allow a Navy SEAL accused of war crimes to retire without losing his SEAL status.
“The fact remains: We have a president, a commander in chief, who has no respect for the rule of law, and no concern whatsoever for ethics or honor, or for the values that truly make America great,” Bloomberg told a group of reporters at a downtown hotel.
Virginia is a critical Super Tuesday state that is key to Bloomberg’s campaign strategy of bypassing early states to focus on the crush of states that vote later in the cycle. And the locale offered the billionaire and former mayor of New York City more than just the latest controversy in Washington to promote his platform.
The neighboring city of Virginia Beach suffered a mass shooting on May 31 that killed 12 people at a municipal complex. Bloomberg, 77, said that such shootings have become “almost routine” and that “we have to put an end to this madness.”
Gun control is a hallmark of Bloomberg’s political identity. His group, Everytown for Gun Safety, has pumped more than $6 million into Virginia campaigns alone in recent years to support like-minded Democrats, according to the Virginia Public Access Project.
Democrats retook both chambers in Virginia’s Legislature earlier this month. Bloomberg said it was proof that “with the right candidate, we can turn areas from red to blue.”
Bloomberg, a centrist who became a Democrat last year, joined the presidential race Sunday, just 10 weeks before primary voting begins. His Democratic rivals have already pounced on his plans to rely on his personal fortunes to fund his campaign, accusing him of trying to buy an election.
Bloomberg said Trump was a “threat to our country, to our values and our national security.” But he also cast doubt on the crowded field of Democrats whose performance, he insinuated, forced him into the race.
“I think that there is a greater risk of having Donald Trump reelected than there was before,” Bloomberg told reporters. “And in the end, I looked in the mirror and said that I just cannot let this happen.”
The former Republican touted a platform that also focused on combating sea-level rise, economic inequality and health care.
He said he’s already beaten Trump in other arenas, at least symbolically, devoting tens of millions of dollars to pursue policy priorities that are in sharp contrast to the president’s.
For instance, Bloomberg has helped shutter 282 coal plants in the United States and organized a coalition of American cities on track to cut 75 million metric tons of carbon emissions by 2025.
“I know what it takes to beat Trump because we already have, and I will do it again,” Bloomberg said.
Bloomberg also chatted with people at a diner in downtown Norfolk that was mobbed with reporters and at least some people who were eager to support him.
Among them was Craig Schranz, 43, an emergency medicine physician who said he’s fiscally conservative and socially liberal like Bloomberg is. He praised Bloomberg for not “vilifying” capitalism and for supporting a health care plan that doesn’t eliminate private-payer health insurance.
“I think he’s someone who knows how to govern,” said Schranz, who said he had supported former Vice President Joe Biden before Bloomberg joined the race. “I think he’s going to implement sound policy that we need.”
Bloomberg plans to go to Phoenix, Arizona, on Tuesday.
GSG
source: newsinfo.inquirer.net
Showing posts with label Michael Bloomberg. Show all posts
Showing posts with label Michael Bloomberg. Show all posts
Tuesday
Wednesday
Bill Gates could reach ‘trillionaire’ status by 2042
As the world’s richest man, Bill Gates exponentially grows his net worth each passing day, and according to a recent study, he’ll most likely become the first ever trillionaire in the next 25 years.
As pointed out in an Oxfam International report entitled “An Economy for the 99%”, the Microsoft founder’s wealth has grown at a staggering 11 percent clip per year since 2009, and has shown no signs of slowing down.
With his net worth at $78.7 billion, as modestly estimated by Forbes as of August 2016, the 61-year-old tech wizard is projected to reach the unimaginable trillionaire status by the time he is 86 years old.
By the time he left Microsoft in 2006, Gates’ net worth was at $50 billion and has grown at an astonishing rate over the last decade.
His meteoric rise money-wise comes “despite his commendable attempts to give it away through his Foundation,” the report said.
In addition to the charitable work he does through his personal foundation, the tech innovator has also devoted his time and resources to eradicating infectious diseases and improving education around the world.
A recent estimate says he has donated over $28 billion through the Bill and Melinda Gates Foundation.
In addition, Gates is a founding member of The Giving Pledge, a group composed of some of the richest individuals in the world who pledge to give away more than half of their worth.
What’s even more absurd is the fact that since no one has reached such status yet, the word ‘trillionaire’ is not even recognized in the dictionary as an official word.
“In such an environment, if you are already rich, you have to try hard not to keep getting a lot richer,” Oxfam noted in a Business Insider report.
“The super-rich can achieve returns that are not available to the ordinary saver, helping the gap to grow between the wealthy and everyone else,” the report stated. “The bigger the initial investment, the higher returns one can make as the initial costs of sophisticated advice and high-risk investments can be justified with the potential for super-lucrative returns.”
In a separate report last week, Oxfam revealed names of eight billionaires—including Gates—who have more money than the poorest half of the world’s population.
The list includes business magnate Warren Buffett, Inditex founder Amancio Ortega, Mexican investor Carlos Slim, Amazon chief executive Jeff Bezos, Facebook’s Mark Zuckerberg, former New York City Mayor Michael Bloomberg, and Oracle’s Larry Ellison. Khristian Ibarrola
source: newsinfo.inquirer.net
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