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Bloomberg decision to seek third term draws hisses among cheers

Mike Bloomberg is planning to come to the rescue of New Yorkers by running for a third term as mayor amid the city's economic woes.

His decision, which leaves voter-backed term limit laws in shards on the City Council floor, was met with both excitement and disdain Tuesday.

"Hooray, hooray!" said former Mayor Ed Koch.

Claiming he's needed to steer the city during the economic...

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