Gaydamak to run in Jerusalem mayoral elections

Billionaire businessman Arkadi Gaydamak announced Monday morning that he intends to run in the next Jerusalem mayoral elections. A controversial philantropist, Gaydamak has been vocal in criticizing Olmert and Peretz for not focusing enough on social issues. He embarrassed the government during the Second Lebanon War when he sent thousands of families from the North to a makeshift camp in Nitzanim. He has also used his own resources to help Sderot residents and set up a socioeconomic movement last month called Tzedek Hevrati (Social Justice). It is still unclear whether he will transform his new organization into a political party.