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Ronald S. Lauder, a billionaire cosmetics heir who spent millions in 1993 on the referendum to ordain the term limit, wrote the aforementioned op-ed piece and is willing to make a one-time exception in supporting Mayor Bloomberg in his quest to serve another term. Lauder compared the New York financial situations of now and the 1970s; an investment banker named Felix Rohatyn would not avoided the bankruptcy of New York City at the helm of the Municipal Assistance Corporation. The New York Post was the first publication to report of Robert Lauder’s change of opinion, which could be a pivotal for Mayor Bloomberg, as it amounts to his greatest opposition gracefully stepping out of his way and deciding to support him...
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