Now watch him run for mayor again.
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Breaking News Alert
The New York Times
Wednesday, August 3, 2011 -- 9:03 PM EDT
-----
Bloomberg Investing $30 Million of His Money in Program to Aid Minority Youth
The administration of Mayor Michael R. Bloomberg, in a blunt acknowledgment
that thousands of young black and Latino men are cut off from New York’s civic,
educational and economic life, plans to spend nearly $130 million on
far-reaching measures to improve their circumstances.
The program, the most ambitious policy push of Mr. Bloomberg’s third term,
would overhaul how the government interacts with a population of about 315,000
New Yorkers who are disproportionately undereducated, incarcerated and
unemployed.
To pay for the endeavor in a time of fiscal austerity, the city is relying on
an unusual source: Mr. Bloomberg himself, who intends to use his personal
fortune to finance about a quarter of the cost, city officials said.
Read More:
http://www.nytimes.com/2011/08/04/nyregion/new-york-plan-will-aim-to-lift-minority-youth.html?emc=na
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