This is Steve Emberwith the VOA Special English program IN THE NEWS.
Michael Bloomberg was sworn in as mayor of New York City onTuesday. Former Mayor Rudolph Giuliani led a ceremony in TimesSquare a few moments after the New Year began.
About five-hundred-thousand NewYear's Eve celebrants watched the event. It was the largest publicgathering in the city since the terrorist attacks on Septembereleventh.
A swearing-in ceremony had never been held in Times Squarebefore. But, New York City has changed since the destruction of theWorld Trade Center. Both Mister Giuliani and Mister Bloomberg hopedthat holding a ceremony in Times Square would help people feel safein the city. An official ceremony took place at City Hall later inthe day.
Mister Bloomberg, a Republican, isthe one-hundred-eighth mayor of New York. He defeated Democrat MarkGreen in the election in November. The new mayor spent a recordseventy-million dollars of his own money on his campaign for theoffice.
This is the first political office Michael Bloomberg has held. Hehas been an extremely successful businessman. Mister Bloomberg beganhis professional life in Nineteen-Sixty-Six as a trader on WallStreet. In the early Nineteen-Eighties, he started a company thatdeveloped and sold financial information technology. He madehundreds of millions of dollars in the business.
In Nineteen-Ninety, Michael Bloomberg opened a financial newsservice. Bloomberg News grew quickly. Today, it employs more thanone-thousand people to provide news to media and companies aroundthe world. The news service led to Bloomberg Radio, BloombergTelevision and Bloomberg-dot-com on the Internet.
Political experts say Mister Bloomberg's business skills couldhelp New York solve its current economic difficulties. The city hasa four-thousand-million dollar budget deficit. One-hundred-thousandpeople in the city lost their jobs as a result of the terroristattacks. And, a number of companies moved out of the city.
Mister Bloomberg also faces problems in the New York City publiceducation system. The actions he takes during his term could affectmore than one-million students in the city.
Michael Bloomberg will lead New York while it makes difficultdecisions about the future of the area where the World Trade Centeronce stood. Some people feel the area should be made into a memorialfor the thousands of people who died there. Others want to see theTrade Center re-built to show that New York is not defeated.
The new mayor has not yet said what he thinks about these andother issues. However, he did make one promise. He said RudyGiuliani had asked him not to fail the people of New York. MichaelBloomberg answered, "Rudy, I will not."
This VOA Special English program, IN THE NEWS was written by CatyWeaver. This is Steve Ember.