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Beame was the first Jewish mayor of New York City. He was born in London, and grew up on New York's Lower East Side, and became city budget director from 1952 to 1961. He was a Democrat and was elected to two terms as city comptroller in 1961 and 1969For other uses, see Number 1969. For the movie, see 1969 (movie). Events January January 1 Australian media baron Rupert Murdoch purchases the largest selling British Sunday newspaper The News Of The World January 5 The Derry Riots leave over 100 people i. Before being elected mayor, he served as city comptroller during the mayoralty of John V. Lindsay.
After defeating State Senator John Marchi in the 1973Events January events January 1 United Kingdom, Ireland, and Denmark enter the European Economic Community now known as the European Union January 3 Columbia Broadcasting System (CBS) sells the New York Yankees for $10 million to a 12-person syndicate led mayoral election, Beame faced the worst fiscal crisis in the city's history and spent the bulk of his term attempting to ward off bankruptcy. He slashed the city workforce, froze wages, and restructured the budget, that proved insufficient until reinforced by actions from newly created state-sponsored entities and the granting of federal funds. After a tumultuous four years as mayor, he ran for a second term in 1977 and finished third in the Democratic primaryA primary election is one in which a political party selects a candidate for a later election by all registered voters in that jurisdiction nominating primary . Primaries are sometimes open only to registered members of that party, and sometimes open to a to U.S. Representative Edward I. Koch and New York Secretary of State Mario M. Cuomo.