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New York City Mayor Michael Bloomberg wants to live in a better world. That’s why he vetoed a law that would have raised the minimum wage for a measly few hundred or so working New Yorkers to at least $10 an hour.

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This is just the kind of news that doesn't bode well for the state of democracy in America: New York City Mayor Michael Bloomberg shelled out $102 million of his own money in his recent successful (albeit close) run for re-election. That shakes out to about $183 per vote, and the final tally may still rise.

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He changed the rules, he put down the cash, and now New York City's Mayor Michael Bloomberg has been re-upped for a third term, beating his Democratic competitor, City Comptroller Bill Thompson, by a slim margin on Tuesday.

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Billionaire hedge fund founder Raj Rajaratnam was arrested Friday and charged with running the largest hedge fund insider-trading scheme in history. Charged with Rajaratnam, founder of Galleon Group, were executives of several prestigious U.S. companies.

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It's official: Microsoft's top-geek-made-good, Bill Gates, is leaving his full-time position as head of Microsoft on Friday. Now that he's made more money than regular mortals can even fathom (aside from those congresspeople who approve the defense budget), he's stepping down in order to focus on his philanthropic work with the Bill and Melinda Gates Foundation.

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Ever wonder what Ted Turner might be thinking about, say, Mideast politics, or how to squeak by on just "a couple billion" dollars? How about bunnies? If so, you're in luck -- this GQ interview with the ever-rowdy media mogul has it all, along with a rather startling spat with his publicist captured on the record.

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