Assessing Mayor Bloomberg's Impact on the Economy
Friday, March 15, 2013
Over his 11 years as mayor of New York City, Michael Bloomberg has pushed for economic development, immigration reform, public health initiatives and gun control, among other issues.
After a judge blocked his administration's ban on sugary beverages this week, Bloomberg quickly arranged a press conference where he defended the policy.
"I’m trying to do what’s right. I have to defend my children and you and everybody else to save lives," he said. "Obesity kills. There’s just no question about it."
Bloomberg has fewer than 300 days left at City Hall, and the roadblock on sweetened drinks means he may not have time to implement one of the biggest public health initiatives he's pushed for during his tenure.
It also raises the question of his legacy.
This week on Money Talking, regular contributors Rana Foroohar of Time magazine and Joe Nocera of the New York Times assess the economic impact of Bloomberg's policies and discuss how he might put his clout and $27 billion fortune to work after he leaves office.
Looking ahead, Foroohar talks about the news that former Treasury Secretary Timothy Geithner is writing a book about his experience during the financial crisis.
Nocera examines how March Madness brings the NCAA hundreds of millions of dollars in just a few short weeks.