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New York mayor predicts economic downturn (AFP)

New York City Mayor Michael Bloomberg, pictured 29 September 2007, warned Sunday a global economic downturn was looming, triggered by the "lunacy" of public debt.(AFP/File/Olivier Laban-Mattei)AFP - New York City Mayor Michael Bloomberg warned Sunday a global economic downturn was looming, triggered by the "lunacy" of public debt.

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