10 things you need to know today: March 8, 2016

Bloomberg nixes presidential bid to avoid helping Trump, Michigan votes, and more

Mike Bloomberg
(Image credit: Neilson Barnard/Getty Images)

1. Bloomberg decides against independent presidential bid

Former New York City Mayor Michael Bloomberg announced Monday that he will not launch an independent campaign for president this year. He said that after months of groundwork he had concluded he couldn't win, but might tip a three-way race in favor of GOP frontrunner Donald Trump. Bloomberg said his fellow New York billionaire was dangerous, and had run "the most divisive and demagogic presidential campaign I can remember, preying on people's prejudices and fears."

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Harold Maass, The Week US

Harold Maass is a contributing editor at The Week. He has been writing for The Week since the 2001 debut of the U.S. print edition and served as editor of TheWeek.com when it launched in 2008. Harold started his career as a newspaper reporter in South Florida and Haiti. He has previously worked for a variety of news outlets, including The Miami Herald, ABC News and Fox News, and for several years wrote a daily roundup of financial news for The Week and Yahoo Finance.