bill de blasio

♦ An FT investigation has uncovered the key role played by Deutsche Bank, JPMorgan and UniCredit in the reform of the Vatican bank, by refusing to provide financial services over the past two years.
♦ The World Trade Organisation’s 159 members managed to agree on something for the first time in its 18-year history last week – a sign that the organisation is “coming alive”.
♦ Yingluck Shinawatra’s position as Thai prime minister is in jeopardy because of opposition hatred for her brother – a force that has defined her premiership and driven instability.
♦ Bedouin gangs in the Sinai have discovered that taking hostages is more profitable than human smuggling.
♦ Bill de Blasio’s challenge as New York mayor will be to negotiate and pay for a way out of the impasse between the administration and the unions of city workers. 

Bill de Blasio (Getty)

By Luisa Frey

On Tuesday night 52-year-old Bill de Blasio won the New York mayoral election in one of the largest victories in the Big Apple’s electoral history.

De Blasio beat Joseph Lhota by a 49-point margin (73 per cent to 24 per cent), which is the widest in a mayoral election since Edward Koch won a third term in 1985 by 68 points. De Blasio is also the first Democrat to win in nearly 25 years. 

John Aglionby

Bill de Blasio celebrates his election triumph with his family. Reuters

Three months ago, Bill de Blasio was trailing in fourth place in the crowded Democratic race to become the party’s candidate in the New York’s mayoral election. Yet on Tuesday night the 52-year-old public advocate swept to one of the largest victories in the city’s electoral history. This is how he managed it.

1) He played the the “Tale of Two Cities” card – the wealthy and less well off – to great effect. He promised to raise taxes on those earning more than $500,000 a year to pay for pre-school education – a policy President Barack Obama supported. Despite this, according to an exit poll in the New York Daily News, he still won among voters earning more than $100,000.