Incumbent Rudy Giuliani, a Republican, will not be a candidate in this November's election because the city charter's new term limits prevent him from seeking a third term.

CNN: Michael Bloomberg eyes run at New York mayor

Mr. Klein's term was marked by aggressive moves to promote charter schools and make principals and teachers more accountable for performance.

WSJ: Schools Chancellor Klein Resigns, Joins News Corp.

But we should also take long-term steps to unlock those handcuffs and let charter schools choose the retirement plans that best suit their recruitment needs.

FORBES: Charter Schools, Pensions and Golden Handcuffs

During his second term, he vetoed the renewal of the charter for the independent Second Bank of the United States, a private institution that kept the federal government's deposits interest-free, and issued uniform paper currency.

ECONOMIST: American democracy

Indeed, the unpredictable congressmen might also scotch any attempt at charter change, or cha-cha, the local term for constitutional reform.

ECONOMIST: President Arroyo toughs it out

The other three trade bodies that agreed to the new charter are the BCCA, a trade association for lenders offering short-term loans, the Consumer Credit Trade Association and the Finance and Leasing Association.

BBC: Payday lenders' new code in place

In another term, he could concentrate on his social agenda: education, health, pensions, the Citizen's Charter and opportunities for those at the bottom of the ladder.

ECONOMIST: John Major