Jan 11, 2019

Michael Bloomberg says he would self-fund 2020 presidential election

Michael Bloomberg at a conference. Photo: Bill Pugliano/Getty Images

Michael Bloomberg has indicated he would self-fund a 2020 presidential campaign if he were to declare a bid, claiming his wealth would keep him from needing to curry favor with special interests

What they're saying: "I ran three times. I used only my own money so I didn’t have to ask anybody what they wanted in return for a contribution," Bloomberg said in Texas, the AP notes.

  • More Bloomberg: "And, if I ran again, I would do the same thing. I think not having to adjust what you say and what you work on based on who financed your campaign is one of the things that the public really likes. ... I understand not everybody can be self-funded but those that can, I think, should."
  • Sen. Elizabeth Warren (D-Mass.), who has formed a presidential exploratory committee, has criticized the idea that the Oval Office can be "one more plaything that billionaires can buy."

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Illustration: Aïda Amer/Axios

Four months ago, on the very same weekend, Eliud Kipchoge became the first human to run a marathon in under two hours, and fellow Kenyan Brigid Kosgei shattered the women's marathon record.

Why it matters: Kipchoge and Kosgei were both wearing Nike's controversial Vaporfly sneakers, which many believed would be banned because of the performance boost provided by a carbon-fiber plate in the midsole that acted as a spring and saved the runner energy.

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Reassessing the global impact of the coronavirus

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Economists are rethinking projections about the broader economic consequences of the coronavirus outbreak after a surge of diagnoses and deaths outside Asia and an announcement from a top CDC official that Americans should be prepared for the virus to spread here.

What's happening: The coronavirus quickly went from an also-ran concern to the most talked-about issue at the National Association for Business Economics policy conference in Washington, D.C.

Tech can't remember what to do in a down market

Illustration: Rebecca Zisser/Axios

Wall Street's two-day-old coronavirus crash is a wakeup alarm for Silicon Valley.

The big picture: Tech has been booming for so long the industry barely remembers what a down market feels like — and most companies are ill-prepared for one.