New York Mayor Michael Bloomberg warned Sunday that New York must make `tough choices,` including spending cuts and layoffs, to weather growing economic difficulties.

Bloomberg said in his weekly radio address that the `ongoing financial crisis` means the economy is `stalling and our tax revenues are falling.`

New York Mayor Michael Bloomberg warned Sunday that New York must make `tough choices,` including spending cuts and layoffs, to weather growing economic difficulties.

Bloomberg said in his weekly radio address that the `ongoing financial crisis` means the economy is `stalling and our tax revenues are falling.`

Largely anticipated and already celebrated, Barack Obama`s presidential election win seemed set to get a sober reception Wednesday on Wall Street, which turned toward new difficulties to come.

Dow Jones futures slipped nine points, or 0.09 percent, around 0500 GMT, following a surge on the media`s announcement of the Democrat`s triumph at the polls.

Thousands erupted in joy Tuesday on New York`s Times Square as gigantic television screens relayed Democrat Barack Obama`s dramatic victory in the epic US presidential race.

Piercing howls of joy, dancing, and chants of `Obama! Obama!` broke out at the news flashing across the jumbotrons that line the neon-lit `Crossroads of the World.`

Democratic presidential candidate Barack Obama won the large, left-leaning state of New York and its 31 electoral votes on Tuesday as expected, three US television networks said.

CBS, CNN and NBC all projected an Obama victory in New York, which is the third biggest electoral vote prize in the election after California and Texas.

British distance running star Paula Radcliffe warmed up for the defence of her New York Marathon title with victory in the 10-mile Great South Run here on Sunday.

In her first race since she suffered fresh Olympic heartache in Beijing, when a fractured left femur left her short of full fitness and in a lowly 23rd place, Radcliffe won in Portsmouth in a time of 51 minutes 11 seconds.

PORTSMOUTH, England, Oct 25, 2008 (AFP) - British distance running star Paula Radcliffe hopes the 10-mile Great South Run here Sunday will provide her with just the tune-up she needs before she defends her New York Marathon title.

Radcliffe suffered fresh Olympic heartache in Beijing when a fractured left femur left her short of full fitness and down the field in a lowly 23rd place.

NEW YORK, Oct 23, 2008 (AFP) - New York Mayor Michael Bloomberg faced a nail-biting showdown Thursday over his ambition to stay in office a third term.

The bitterly divided city government was to vote on a bill proposed by Bloomberg to change the current limit of two terms to three, allowing him to run again in 2009.

NEW YORK, Oct 23, 2008 (AFP) - New York's City Council narrowly voted in favor of extending term limits Thursday, opening the way for Mayor Michael Bloomberg to stay in office.

The council passed the bill by 29 votes to 22 after a heated debate. This means that Bloomberg, who ends his second term next year, will be able to seek re-election to another four years in office.

NEW YORK, Oct 23, 2008 (AFP) - New York Mayor Michael Bloomberg's plan to extend term limits and stay in office came down to the wire Thursday in the most contentious City Council vote for years.

The city government was to vote on a bill submitted by the billionaire mayor to change term limits from two to three, allowing him to run again in 2009.

NEW YORK, Oct 23, 2008 (AFP) - Billionaire New York Mayor Michael Bloomberg won the chance Thursday to prolong his rule after the City Council voted to extend term limits.

The city government narrowly passed a measure changing the two-term limit to three, opening the way for Bloomberg to seek re-election in 2009 and a further four years in office.

The immigrants gathered at dawn to chase the American Dream, but as fast as the sun soared over New York, so the dream slid from their grasp.

About 60 men wearing boots, jeans and sweatshirts, most of them illegal immigrants from Latin America, stood silently at the Brooklyn crossroads.

New York Mayor Michael Bloomberg`s bid to change term limits and stay in office next year is a `disgrace,` angry opponents told a raucous public meeting on the controversy Thursday.

City Council member Tony Avella called the proposal a `disgrace` and was seconded by another opponent, council member Letitia James, who added that New York was led by a `government of wolves.`

NEW YORK, Oct 2, 2008 (AFP) - New York Mayor Michael Bloomberg announced Thursday that he would seek a third term as mayor, a move which would require overturning the city's term limitations law.

The billionaire mayor's second term in office is scheduled to end in 2009.

NEW YORK, Sept 30, 2008 (AFP) - New York Mayor Michael Bloomberg will announce this week that he is seeking to overturn a term limitations law so he can head the city for another four years, media reported Tuesday.

The New York Times quoted unnamed sources said to be acquainted with the decision of the billionaire mayor, who otherwise would have to leave office in 2009.

NEW YORK, Sept 18, 2008 (AFP) - New York state on Thursday launched a probe into illegal short selling practices that may have hurt finance firms including Lehman Brothers and Morgan Stanley, state attorney general Andrew Cuomo said.

NEW YORK, September 9, 2008 (AFP) - Pakistani-born builder Abdul Sageer is about to complete New York's newest mosque, but his face falls, seven years after the 9/11 attacks, when he wonders who will reconstruct his immigrant community.

'Yes, we're putting up a building,' says Sageer, 60, 'but that won't help return things to the way they were.'

Maybe nothing will.

NEW YORK, August 4, 2008 (AFP) - These days, even a leather armchair and hot-dog-sized cigar won't calm Wall Street's jittery workers.

'The mood is not good,' drawls one corporate lawyer through a sweet cloud of cigar fumes at Barclay-Rex, an upscale tobacconist near the New York Stock Exchange.

NEW YORK, April 23, 2008 (AFP) - Born out of the horror of the September 11 attacks, the Tribeca Film Festival co-founded by director Robert de Niro in 2002 opens for its seventh year Wednesday hailing its growing strength.

NEW YORK, April 7, 2008 (AFP) - Plans by New York authorities to introduce a London-style traffic congestion charge for motorists entering Manhattan ground to a shuddering halt Monday when state legislators blocked the proposed levy.

NEW YORK, April 1, 2008 (AFP) - Plans by New York authorities to charge motorists for entering Manhattan have taken a step forward with a vote by the city's council urging state lawmakers to approve the proposed levy.

NEW YORK, March 29, 2008 (AFP) - Five years after New York became one of the first major world cities to ban smoking in public places, nearly a quarter of a million people have kicked the habit and tobacco-related deaths have dropped significantly.

NEW YORK, March 24, 2008 (AFP) - New York Governor David Paterson, who assumed office just last week after his predecessor Eliot Spitzer quit over a prostitution scandal, admitted Monday to dabbling with illegal drugs.

ALBANY, New York, March 17, 2008 (AFP) - New York's first black governor, David Paterson, was sworn into office Monday, less than a week after his predecessor Eliot Spitzer resigned in disgrace over a prostitution scandal.

NEW YORK, March 17, 2008 (AFP) - New York's first black governor, David Paterson, is due to be sworn into office Monday, just a week after press reports engulfed his predecessor Eliot Spitzer in a prostitution scandal.

NEW YORK, March 14, 2008 (AFP) - A week ago, she was just a call girl and aspiring singer. But throw the governor of New York onto her client list and Ashley Alexandra Dupre has become an overnight star and budding millionaire.

NEW YORK, March 14, 2008 (AFP) - The call girl whose tryst with disgraced New York Governor Eliot Spitzer brought about his downfall once worked for an escort service he busted, its former owner said.

The former pimp said he met and employed Ashley Dupre, at her initiative, when she was just 19.

NEW YORK, March 13, 2008 (AFP) - Despite stepping down as New York governor over a sex scandal, Eliot Spitzer could still face charges relating to prostitution and suspicious bank transfers.

NEW YORK, March 13, 2008 (AFP) - Despite stepping down as New York governor over a sex scandal, Eliot Spitzer is still likely to face charges relating to prostitution and suspicious bank transfers, according to one legal expert.

NEW YORK, March 13, 2008 (AFP) - The identity of the high-priced prostitute at the center of the Eliot Spitzer sex scandal emerged Thursday after the embattled crime-busting New York state governor declared that he would resign.

NEW YORK, March 12, 2008 (AFP) - A sex scandal that erupted over New York governor Eliot Spitzer's involvement with high-priced prostitutes sizzled Wednesday with his resignation and the release of the hooker's identity.

NEW YORK, March 12, 2008 (AFP) - The escapade with a prostitute that brought down New York Governor Eliot Spitzer is but the most recent in a long list of sex scandals in US politics, where politicians' private lives are often paraded in public.

NEW YORK, March 12, 2008 (AFP) - New York Governor Eliot Spitzer resigned from office Wednesday, succumbing to threats of impeachment and mounting media pressure over his involvement with a high-end prostitution ring.

NEW YORK, March 12, 2008 (AFP) - He was once known as 'Mr Clean,' anointed by Time magazine as 'Crusader of the Year,' and talked of as potential presidential material.

NEW YORK, March 12, 2008 (AFP) - With the resignation of Eliot Spitzer over a prostitution scandal, New York gets its first black governor, and the United States its first blind governor, in the shape of David Paterson.

NEW YORK, March 12, 2008 (AFP) - New York Governor Eliot Spitzer resigned from office Wednesday, succumbing to threats of impeachment and mounting media pressure over his involvement in a career-ending prostitution scandal.

NEW YORK, March 12, 2008 (AFP) - New York Governor Eliot Spitzer announced his resignation Wednesday, succumbing to threats of impeachment and media pressure over his involvement in a prostitution scandal.