The Bloomberg Square Mile Relay kicked off its 5-city tour in London on September 17, as Mike Bloomberg led the crowd through a final countdown unleashing 1,100 relay runners through the City of London.
Modern philanthropy began as a substitute for government. Where government failed, philanthropists stepped in, providing food for the poor, hospitals for the sick, and libraries, museums, and colleges for the masses. Philanthropy continues to play a vital role in all of these areas. But some still see philanthropy as an alternative to government. I see it as a way to embolden government.
Michael Bloomberg is synonymous with the financial markets, thanks to the Bloomberg analytics terminal which is a must for every company that deals with financial markets. But after spending more than a decade as Mayor of New York, Bloomberg is on a mission to make governments sensitive about climate change as UN envoy. In an interview with ET, he speaks from climate to financial markets. Excerpts: