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    Michael Bloomberg joins Democrats' 2020 race for president

    by Michael Finnegan, Los Angeles Times Nov 24, 2019 4 minutes

    Billionaire and former New York City Mayor Michael R. Bloomberg joined the race for the Democratic presidential nomination on Sunday, adding new uncertainty to the party's already unsettled contest to pick President Trump's challenger in 2020.

    After more than a decade of exploring a White House run, Bloomberg, one of the richest men in the world, enters the race with a huge financial edge over his Democratic rivals - but also with big vulnerabilities. The former Republican is banking on the collapse of Joe Biden's candidacy, casting himself as a steadier and more viable moderate than the former vice president.

    "We cannot afford four more years of President Trump's reckless and unethical actions," Bloomberg said on his campaign website. "He represents an existential threat

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