130509Michael Bloomberg has prevailed in his quest to run for the third term. By a vote of 29 to 22, the New York City Council voted to extend term limits a little while ago, overturning two voter referendums that had imposed a limit of two four-year terms. The vote wasn't without some excitement: After Public Advocate Betsy Gotbaum announced the tally at 4:35 p.m., the balcony "erupted in shouts of 'The city's for sale!' and 'Shame on you!'" [NYT, NYDN, NYP]