To your first point, I guess I don't understand your definition of corruption. I think your example is exercising a legitimate power as a mayor, to the benefit

To your first point, I guess I don't understand your definition of corruption. I think your example is exercising a legitimate power as a mayor, to the benefit of a friend rather than to the benefit of some other deserving party, and no benefit to himself other than a warm fuzzy feeling. That is poor governance, but it is not corruption. To your second point, virtually all of Michael Bloomberg's wealth comes from 'Bloomberg' the company. 'Bloomberg' the company has one business -- terminals on traders' desks. Everything else they do is a loss-leader to advertise the terminals. For the past 20 years every bond trader in New York and London has paid BBG around $3000 a month and will continue to, until some young whipper snapper from HN disrupts the industry and dislodges them from traders. Reuters came close, and is currently mounting a new challenge, but I wouldn't hold my breath.