China is investing in factories in Eastern Europe, not because their labor costs are lower, but because they want to be closer to their markets.
Michael BloombergI've got the greatest job in the world. There's no other job in government where cause and effect is so tightly coupled where you can make a difference every day in so many different ways and in so many different people's lives. It's a great challenge.
Michael BloombergWhen you go to Washington now, you can feel a sense of fear in the air - the fear to do anything, or say anything, that might affect the polls, or give the other side an advantage, or offend a special interest.
Michael BloombergWell, you have the public not wanting any new spending, you have the Republicans not wanting any new taxes, you have the Democrats not wanting any new spending cuts, you have the markets not wanting any new borrowing, and you have the economists wanting all of the above. And that leads to paralysis.
Michael BloombergKeep in mind, Mike Bloomberg's kids and grandkids are breathing that air just like the coalminers' families are breathing that air. And the coalminers are the ones that have the conflict. They want their jobs, I understand that. They need to be able to feed their families. They also have to worry about their health and the health of their families.
Michael Bloomberg