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Mayor mike bloomberg bid farewell to new york city politics, but don't expect one of the world's richest men to simply disappear, armed with billions of dollars and a zeal for civic issues. michael bloomberg's next chapter promises to be very interesting. with a last wave, this multibillion air is out of work, for now. >> i'll be fulfilling a lifelong dream of enjoying a small soda on a nonsmoking beach. >> reporter: the net worth of $31 billion, makes him the seventh richest man in the country, and the 13th richest in the world, and it started with a layoff. when solomon brothers let him go i...

There is outrage in michigan after the largest teachers union, the michigan education association announced its intention to give a $10,000 severance package to a former teacher and convicted child molester. the former math and computer teach teacher, neil ericsson, was found guilty of sexually abusing a 14-year-old boy over three years and was sentenced to 15 to 30 years in prison. unbelievable. we reached out to the m.e.a. and they defended their actions saying they are legally obligated to enforce the contract for all employees. while the union fights to pay this criminal $10,000 in severan...

Association announced its intention to give a $10,000 severance package to a former teacher and convicted child molester. the former math and computer teacher, neil ericsson, was found guilty of sexually abusing a 14-year-old boy over three years and was sentenced to 15 to 30 years in prison. unbelievable. we reached out to the m.e.a. and they defended their actions saying they are legally obligated to enforce the contract for all employees. while the union fights to pay this criminal $10,000 in severance it is bullying several hard working respectable teachers, including my next guest, by ref...

>> against their laws, their rights. >> liberals love tolerance. but you are the intolerant one. you are intolerant of a majority view that's christian in the country. >> the majority has nothing to do with it. >> you don't care. >> i don't care if it is 99-1. we all have equal rights. >> we do, but you feign outrage. i don't believe you are fayning outrage at all. i think you are trying to raise money by appealing to your base and going after christian groups. that's what i think. >> nice to meet you, kettle. my good ness you're talking about raising funds with a fake war on oh christmas. we ...

That's not stopping his teacher's union from fighting for his $10,000 severance package. and we investigate more trouble for nbc news. their host, ed schultz, why is he secretly receiving mountains of money from big labor?