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Rahm Emanuel, the New King of Chicago

By crushing the competition, Rahm Emanuel is not just mayor—he may be mayor for life. Jonathan Alter reports from the victory party, from the jokes about Rahm's residency flap to the challenges he faces.

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Former White House Chief of Staff Rahm Emanuel speaks at his election night party Tuesday, Feb. 22, 2011 in Chicago. (Kiichiro Sato / AP Photo).

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