Michael Bloomberg rang in the new year by being sworn in for his third term as mayor of New York. The inauguration took place at City Hall, with Bloomberg delivering a speech emphasizing immigration reform, crime prevention, small-business aid, and volunteerism. "Conventional wisdom holds that by a third term, mayors run out of energy and ideas," Bloomberg said. "But we have proved the conventional wisdom wrong time and again, and I promise you, we will do it once more." City Comptroller John Liu, the city's first Asian American elected to public office, and Public Advocate Bill de Blasio also spoke after being sworn in. "These guys, Bill de Blasio and John Liu, will be right on [Bloomberg's] case," former Mayor David Dinkins said. After the ceremony, Bloomberg lent a hand to volunteer activities in Staten Island, Queens, and the Bronx.