Nov 8, 2019

Podcast: Billionaires battle back

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Bloomberg's 2020 run is a test of America's entrepreneurial aspirations

Illustration: Sarah Grillo/Axios

Michael Bloomberg's entry into the 2020 presidential race was reflexively roasted in certain quarters as little more than a billionaire trying to buy an election — or, in the more succinct words of Anand Giridharadas, "plutes gonna plute."

Between the lines: What gets lost in between aren't the specifics of Bloomberg's record, or if he'd make a better or worse president than his rivals. It's the intrinsic value of entrepreneurship, and if that remains an aspirational touchstone for American voters.

Go deeperArrowNov 26, 2019

Sanders to Bloomberg: You're not going to buy this election

Democratic Presidential candidate Sen. Bernie Sanders at the Climate Crisis Summit at Drake University in Des Moines, Iowa, Saturday. Photo: Stephen Maturen/Getty Images

Sen. Bernie Sanders had a message for new Democratic presidential rival, billionaire Mike Bloomberg, during the Climate Crisis Summit at Drake University in Des Moines, Iowa, Saturday: "You're not going to buy this election."

Go deeperArrowNov 10, 2019

Bloomberg apologizes for controversial "stop-and-frisk" policing practices

Michael Bloomberg at a 2019 gala in New York City. Photo: Ron Adar/SOPA Images/LightRocket via Getty Images

Former New York City Mayor Mike Bloomberg apologized at a black megachurch in Brooklyn on Sunday for implementing aggressive “stop-and-frisk” policing practices that disproportionately targeted black and Latino people across the city, the New York Times reports.

Why it matters: Bloomberg’s speech was his first since he filed paperwork to enter the 2020 presidential primary in Alabama, with the comments marking a surprising reversal on a core policy of the former mayor's tenure. Bloomberg in the past has strongly defended stop-and-frisk, which allowed police officers to stop and search anyone they suspected of a crime.

Go deeperArrowNov 17, 2019