New Op-ed: BLOOMY'S BILLIONS: 'REFORMS' BOOST HIS '08 EDGE

CAMPAIGN-finance regulations keep on wrecking havoc with America's elec tions, entrenching incumbents and reducing voter turnout. Now they could help make Mayor Bloomberg our next President or at least give him great influence over who wins.

Bloomberg is reportedly talking of devoting $1 billion of his own money to win the White House as an independent - vastly outspending any conceivable combined outlays by the Republican and Democratic nominees, even if they forego public financing. . . .