Bloomberg's Win Just Start of Tests

Nov 4th, 2009 - Wall Street Journal

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NEW YORK -- Mayor Michael Bloomberg faces a host of economic and political challenges in his third term, some of which may be compounded by Tuesday's closer-than-expected contest.

The billionaire mayor managed to garner only 51% of the vote despite putting upward of $90 million of his own money into the campaign and outspending his underdog opponent, Democrat William Thompson Jr., by a 14-to-1 margin as of Oct. 23.

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