Meet the NYC Mayoral Hopeful Who Says He's Scandal-Free
A litigator and former federal prosecutor, Walden is polling at just 1%, according to a recent Slingshot Strategies survey. But he insists he'll break through by positioning himself as the best alternative to Mamdani rivals weighed down by investigations, indictments and controversies. He's pledged to create a Department of Public Integrity empowered to investigate any city office, including the mayor's.
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Wall Street Journal
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- Wall Street Journal
Democrats Choose Mamdani II
Many elected Democrats want to distance themselves from the party's New York mayoral nominee, Zohran Mamdani. Minnesota progressives want to send Mr. Mamdani some socialist backup. Minneapolis Mayor Jacob Frey is up for re-election, but he was snubbed at last weekend's Democratic convention, whose delegates instead endorsed Omar Fateh, a 35-year-old socialist state Senator. Mr. Fateh is proposing rent control and more public housing, including with funding from 'a dedicated levy.' He says Minneapolis shouldn't be a 'playground for developers.' His stance on the homeless is to promise 'a compassionate approach to encampments,' including saying he'll work to 'ensure that residents have access to life-saving infrastructure like hand-washing stations, portable bathrooms, running water, safe needle disposal programs, and storage for personal belongings.' He says voters want a bold mayor who 'will end the cycle of the Minneapolis Police Department's (MPD) violence and brutality that has held our city captive for so many years.' In Mr. Fateh's view, 'over 47% of calls to MPD can be diverted to non-police responders.' He wants to reduce crime by investing in 'upstream solutions' on poverty and mental health. No surprise, Mr. Fateh is 'passionately pro-labor,' and he pledges to 'work collaboratively with the unions representing City employees to ensure workers get fair contracts.' But if Mr. Fateh joins the public unions on their side of the bargaining table, who will represent residents and taxpayers?
CBS News
a few seconds ago
- CBS News
McCormick, Fetterman and HUD Secretary Turner tour Edgar Thompson works plant
U.S. Sens. Dave McCormick and John Fetterman joined Department of Housing and Urban Development Secretary Scott Turner on a tour of the Edgar Thompson works plant in Braddock on Friday. Fetterman, a Democrat, and McCormick, a Republican, emerged from a tour of the 150-year-old plant touting its recent sale to Japan-based Nippon Steel. "This Nippon-U.S. Steel partnership is great for our country, it's great for Pennsylvania," McCorcmick said. "This way of life now has been effectively guaranteed now for decades to come," Fetterman said. The long-awaited partnership between U.S. Steel and Nippon Steel was finalized on June 18, with Nippon Steel promising to invest $14 billion into U.S. operations, with $2.4 billion set aside for operations in the Mon Valley. The partnership is expected to create more than 100,000 jobs throughout the U.S., including in the Mon Valley. "You know when you create jobs, there's a housing need," Turner said. Braddock is replete with rundown and blighted buildings and homes. Turner said the sale will go a long way in solving that issue. Turner and McCormick specifically say one thing stands in the way. "When you have burdensome regulations, it cripples development, it cripples building," Turner said. "It's all about supply, it's all about reducing regulations," McCormick said. "And that's going to be a big boost in supply. When there's a big boost in supply, people are going to be able to afford it." Nippon says it will not cut production and honor present union contracts for the next 10 years. In May, however, United Steel Workers International President David McCall released a statement on Nippon's promises, saying: "Issuing press releases and making political speeches is easy. Binding commitments are hard. The devil is always in the details. "Our members know from decades of negotiating contracts: Trust nothing until you see it in writing."
Yahoo
28 minutes ago
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US appeals court strikes down SEC rule on 'audit trail' funding
WASHINGTON (Reuters) -A federal appeals court on Friday struck down 2023 regulations adopted by the U.S. Securities and Exchange Commission on funding a comprehensive market surveillance system, finding that Wall Street's top regulator had not provided a sufficient basis for allowing stock exchanges to pass on its costs to their members, court papers showed. The unanimous decision represented another blow to SEC regulations adopted under the previous Biden administration, which faced concerted opposition from industry and Republican lawmakers. It was also a setback for the Consolidated Audit Trail, a repository of investor and transaction data meant to give regulators overarching visibility into U.S. market operations, but which has faced delays and obstacles for more than a decade. The American Securities Association and Citadel Securities, which brought the lawsuit, both hailed the outcome. The ruling "prevents a tax hike on every American investor who buys or sells a share of stock," ASA President Chris Iacovella said in a statement. The SEC did not immediately respond to requests for comment. Over the objections of its Republican members, the SEC in 2023 split the operating costs among buyers, sellers, and exchanges. Officials said at the time this would divide costs evenly but also allow exchanges several years to recoup hundreds of millions already spent. This drew stiff objections from the investment industry, which said it could be left paying an unfairly large share. The two Republicans are now part of the five-member commission's controlling majority. In an opinion for a three-judge panel of the U.S. Court of Appeals for 11th Circuit, Circuit Judge Andrew Brasher said that, because the SEC had not advanced a sufficient justification in deciding how the system's cost would fall on different actors in the marketplace, "we conclude that the 2023 Funding Order is arbitrary and capricious" and therefore in violation of federal laws governing the crafting of regulations. The appeals court sent the rule back to the SEC for further processing in line with the court's decision. The SEC mandated the CAT's creation in 2012 as a response to the "flash crash" of 2010 when major Wall Street indexes temporarily erased nearly $1 trillion in market value in a matter of minutes. Officials say it can allow regulators to spot market manipulation and have cited its data in enforcement actions.
