Latest news with #MichaelBloomberg
Yahoo
a day ago
- Business
- Yahoo
Shark Tank's Kevin O'Leary warns Gen Z this job is a slow ‘drift into hell' that'll make you unemployable for life
multimillionaire Kevin O'Leary says that two-thirds of his Harvard MBA students are 'lost souls' who want to go into consulting over entrepreneurship. The Executive Fellow teaching at the Ivy League exclusively tells Fortune that each year, he tries to convince Gen Zers to ditch the path of cushy office jobs and 'mediocrity'–or risk being unemployable for life. Many business school students coming out of Stanford University, New York University, and the University of Pennsylvania are already stepping into their swanky Wall Street jobs. But multimillionaire investor Kevin O'Leary is urging his Harvard students to skip the typical consulting track—and build something of their own instead. 'Look, if you want to drift into hell on Earth, stay 24 months in a consulting firm and you are tainted meat for the rest of your life,' O'Leary tells Fortune. 'No one's going to hire you to make a decision because you never have made one.' 'Why would anybody burn all those hours while someone else makes money, and you do nothing of consequence? I respect all the consulting firms that are out there, but I'm going to do my best to keep people from going into that.' O'Leary is an Executive Fellow at the prestigious Ivy League college, teaching an MBA Elective Curriculum course The Founder Mindset. The school has pumped out some of the most successful entrepreneurs, including Michael Bloomberg, Sheryl Sandberg, Jamie Dimon, and Bill Ackman—but the institution's entrepreneurial spirit hasn't rubbed off on all of its students. O'Leary says that when he asks his Harvard cohort who wants to go into consulting, about two-thirds raise their hands. But the $4.2 billion SoftKey Software Products founder has made it his mission to recruit them into entrepreneurial life—even if his lessons require some harsh truths. 'What I try and do is disrupt a few of them in every class that I go into at the beginning of the program saying, 'If I can get four of you to abandon your drift into mediocrity, then I've done a great job here.' Business consultants will 'never be free' O'Leary understands the draw to the consulting world; he notes these jobs can offer $250,000 to $350,000 salaries right off the bat, despite consultants being worked 'like an animal' for the first three years. But sky-high wages and cushy offices might not be worth the price they have to pay: never producing anything of their own, always working for the big man and putting off potential employers, like O'Leary. 'If you're there for more than two than 24 months, you get the virus. You're tainted—your resume says you were someone of no consequence,' the 71-year-old tells Fortune. 'So I always take those resumes of consultants that want to get into the real world, and throw them in the garbage,' O'Leary continues. 'They haven't done anything, they just wrote reports. Didn't matter.' Being worked to the bone for six-figures is still enticing for some professionals, as many log in 100-hour workweeks for much less. But beyond having an underwhelming resume, O'Leary says consultants will never have freedom working under a boss. 'You can go to the soccer games, go to picnics. You can do whatever, and it's a great life. You can provide for a family,' he adds. 'But you'll never be free. You'll never be financially free.' Entrepreneurship may mean no vacations, sharing an apartment with five roommates, and grinding for years—but once you make it, you can call your own shots. This story was originally featured on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
12-07-2025
- Politics
- Yahoo
Crime-ridden Democrat run cities like Milwaukee should adopt Giuliani model
Sadly, Milwaukee is becoming a food and pharmacy desert. The businesses give specious reasonings for closing down, but I bet the true reason is crime, especially shoplifting. A lot of large American cities (and counties) are run by Democrats, and the tragedy is they refuse to adopt the Rudy Giuliani model, which is the 'broken windows theory.' Giuliani made New York into a safe city and saved the city from bankruptcy. Tourism exploded. I would love to tell the folks who whine and express anger that they brought their dilemma on themselves via their votes. It's their fault; the businesses are not evil. I can only think of one Democrat that followed the Giuliani model, and that was former New York mayor Michael Bloomberg. Crime dropped further. It's an American tragedy that our large cities are crime ridden, fiscal messes and losing population. It doesn't have to be. Earl Orlebeke, Waukesha Letters: Let local school boards handle issue of cellphone use by students Letters: In Trump era of Washington, ignorant are celebrated, not the butt of jokes | Letters Here are some tips to get your views shared with your friends, family, neighbors and across our state: Please include your name, street address and daytime phone. Generally, we limit letters to 200 words. Cite sources of where you found information or the article that prompted your letter. Be civil and constructive, especially when criticizing. Avoid ad hominem attacks, take issue with a position, not a person. We cannot acknowledge receipt of submissions. We don't publish poetry, anonymous or open letters. Each writer is limited to one published letter every two months. All letters are subject to editing. Write: Letters to the editor, Milwaukee Journal Sentinel, 330 E. Kilbourn Avenue, Suite 500, Milwaukee, WI, 53202. Fax: (414)-223-5444. E-mail: jsedit@ or submit using the form that can be found on the on the bottom of this page. This article originally appeared on Milwaukee Journal Sentinel: Shoplifting real reason why grocery chains leaving Milwaukee | Letters
Fox News
09-07-2025
- Politics
- Fox News
Left-wing critics blame Texas flood devastation on 'climate denialism,' warn more to come unless inaction ends
While debate over why the Texas floods were so deadly has centered around President Donald Trump's cuts to key weather agencies, left-wing critics have also complained that policy inaction and "climate denialism" were major factors. As search and rescue efforts continued after the devastating storm swept through Texas on the July Fourth holiday, former Democratic presidential candidate and New York City Mayor Michael Bloomberg penned an op-ed arguing that the Texas floods "were made worse by climate denialism." "The latest episode of horrific flooding isn't just about a natural disaster in one state. It's also about a political failure that's been happening in states across the country, and most of all in Washington," Bloomberg wrote. "The refusal to recognize that climate change carries a death penalty is sending innocent people, including far too many children, to early graves." "We are at a crossroads," Ben Jealous, former candidate for Maryland governor andexecutive director at the Sierra Club, wrote in his own op-ed following the tragedy in Texas. "We can double down on denial and let superstorms, heatwaves, droughts, floods and fires determine our fate. Or we can lead — with science, resilience, courage, and a recommitment to our values," Jealous said. Meanwhile, Will Bunch, a national opinion columnist at the Philadelphia Inquirer, said that "so many more lives would have been saved if leaders dropped climate denial and believed in government for the public good." In response to these arguments, Steve Milloy, a senior policy fellow at the conservative-leaning Energy and Environment Legal Institute, said it was "sad" to see folks politicizing the tragedy in Texas to advance their agenda. "Just for the record, this area of Texas is known for flash floods," Milloy added. "Extreme rainfall is not correlated with emissions and there hasn't even been any 'global warming' over the past five days." The climate advocacy group Climate Central also added that "it is difficult to directly attribute specific rain events to climate change" in an assessment about understanding the link between the Texas floods and climate change. Milloy said that while the National Weather Service was "sufficiently staffed" in his view, he thinks a preliminary investigation will show the warning system in place needs improvements. In a statement to Fox News Digital, White House spokesperson Abigail Jackson called it "shameful and disgusting" to see that in the wake of the environmental tragedy in Texas, people were politicizing it. "The Texas officials who say, 'We couldn'tqaa [sic] see this coming,' are totally oblivious that they should have seen climate change coming, and done something about it. Climate change denial means more torrential rain for Texas, and more flash flooding," former Washington State Democratic Governor Jay Inslee wrote on social media. "North Carolina. Texas. When will floods finally wash away the climate change denial in DC that is now washing away America's economically productive clean energy industries?" Inslee asked in a separate post. One climate group, World Weather Attribution, told Axios it was so confident climate change is what caused the deadly flooding that it does not even plan to study the natural disaster to better understand what caused it. Fox News Digital reached out to the group to understand better why it is so certain of the cause, but did not receive a response. The group investigated the climate change impacts of a July heat wave in Europe as recently as this month, according to the New York Times.
Fast Company
26-06-2025
- Business
- Fast Company
‘It's officially hot commie summer': Wall Street melts down on social media over Zohran Mamdani's NYC primary win
As Zohran Mamdani declared victory in the New York City Democratic mayoral primary on Tuesday night, one had to wonder: Has anyone checked on the finance bros? On X, the Wall Street meltdown was already well underway. 'It appears that NYC is electing to commit suicide by Mayor,' wrote Jim Bianco, president of Bianco Research. 'It's officially hot commie summer,' added Dan Loeb, CEO of hedge fund Third Point and longtime Cuomo backer. Loeb wasn't alone. Billionaires like Michael Bloomberg and Bill Ackman had backed Andrew Cuomo, still seen as the frontrunner even in the race's final days. 'Bill Ackman drafting his thoughts on Mamdani rn,' one post joked, alongside an image of an essay-length text being written. 'Another great part of Mamdani's victory is that it means Michael Bloomberg pretty much lit over $8 million on fire for no reason lol,' another X user wrote. The finance industry's reaction isn't surprising. A Mamdani win in November's general election could bring what Wall Street dreads most: tax hikes and tighter regulations threatening corporate and investment interests—fueling the familiar cry of a wealthy exodus. 'Wealthy New Yorkers moving to Miami if Zohran wins,' one Instagram meme joked. Let's not forget the finance bro who did vote for Mamdani (starter pack includes a Carhartt beanie and a copy of The Communist Manifesto). 'NYC girls with trust funds were calling him 'Zaddy Zohran' and you thought he was going to lose?' one user posted on X. One post, acknowledging defeat, featured an AI-generated image of fleece-clad finance bros scanning groceries at a city-run market: 'Well boys, onto the new bullpen.' Another post on X perfectly summed up the general mood: 'Investment bankers reacting to NYC nominating a socialist for Mayor.' The accompanying caption? 'we'd all be fine with a lot less, right?' The extended deadline for Fast Company's Next Big Things in Tech Awards is this Friday, June 27, at 11:59 p.m. PT. Apply today.
The Independent
26-06-2025
- Politics
- The Independent
Washington Democrats don't know whether to panic or surrender to left-wing Mamdani's playbook after NYC race shocker
Whatever you do, don't extrapolate this result! Democrats in Washington and the media were falling over each other on Wednesday and Thursday to insist that the party as a whole should not follow the democratic socialist bent of Zohran Mamdani after the 33-year-old pulled off an upset victory in the New York mayoral primary. Defying the polls, Mamdani beat former governor Andrew Cuomo in the first round of voting — even as Cuomo's camp went into the day boasting of being ahead. Mamdani, they argue, does not provide a policy mold for other Democrats to fit themselves into, given New York's status as a deep-blue stronghold where a Republican is largely assumed to have no shot of winning in November. They're correct about the electorate itself not being representative of the country as a whole. But the panic among a certain generation of Democrats, especially in the days leading up to Mamdani's victory, is indicative of a party elite with some glaring vulnerabilities that were once again laid bare on Tuesday. Eleven months after former President Joe Biden stepped down from his re-election bid and forced his party into an accelerated catch-up sprint with around 100 days to go, the party's centrist establishment once again pinned all of their hopes (and cash) on an unpopular, aging statesman beset by ethical concerns. Guess what happened next? Not even a massive onslaught of Michael Bloomberg's wealth could save Cuomo, who remained well behind Mamdani throughout the night as votes were counted. None of the multitude of Democrats who once called on Cuomo to resign over sexual misconduct allegations could give a clear explanation for their change of heart — or why they weren't backing one of Mamdani's numerous other rivals. Axios's Alex Thompson, speaking on After Party with Emily Jashinsky, described the mindset of party leadership, whom he said told voters: 'This is the best candidate. Eat your vegetables.' For the second time in as many years, it didn't work. With a new reality setting in, the party's caucuses in Washington are split over how to view Mamdani, who now is very likely to become one of the most prominent Democratic politicians in the country. Progressives, of course, are openly embracing him. A few members of the party's establishment have come around as well, like Rep. Jerry Nadler, who endorsed him on Thursday. Others have not. Hakeem Jeffries and Chuck Schumer, both from New York and the two highest-ranking Democrats on the hill, have not made official endorsements of Mamdani's campaign for the general election (yet). Both are facing calls from prominent progressives to be challenged in their own primaries next year. Tom Suozzi, a Democrat in a front line district in the state, openly tweeted his reservations about the state assemblyman after his victory. The coverage of the race clearly plays a role here. Even as Mamdani himself was laser-focused on the issue of affordability in New York City, his association with the Democratic Socialists of America and his opposition to Israel's war in Gaza received an intense focus from a controversy-hungry mainstream political press. Even Mamdani's joint interview with cross-endorser Brad Lander on Stephen Colbert's Late Show was dominated by talk about Israel and Palestine. Front-line Democrats still fear any association with their party's far-left, whom they mainly view as a punching bag in tough election years. And party leaders in Washington still feel they have to cater to those representatives and senators, whose fates are so closely tied to the party's ability to fundraise in future cycles. A larger coalition, however, is taking some non-controversial lessons from Mamdani's victory — or, at least, lessons that would be non-controversial anywhere besides the Democratic Party. Voters, they argue, were certain to back the younger candidate less tied to the party's establishment in a year when more and more voters (especially millennials, who were a leading part of Mamdani's voter coalition) have lost faith in the party's establishment to lead themselves, let alone anyone else. They were also less likely to pick a candidate with such obvious baggage as Cuomo under the argument that a former governor who resigned in disgrace under a cloud of allegations was somehow the stronger pick come November. Especially when the city's voters were already weary of the evolving scandal around Mayor Eric Adams, who dropped out of the Democratic primary while under a corruption probe. Progressives and moderates cease their agreement after this point. The party's centrists will argue that the successful characteristics of Mamdani's appeal can be replicated in a candidate outside of the party's left wing. Progressives disagree, claiming that the kind of personal connection to voters only exists among more populist candidates, especially younger ones. They also point to Mamdani's massive army of volunteers, which they argue is directly tied to lefty organizations like DSA. And they argue that Cuomo, like Joe Biden and Kamala Harris before him, couldn't articulate a vision for their governance at all If nothing else, Tuesday's election results in New York sent one clear message to party leaders. Their efforts to shut out the progressive wing by throwing big-name endorsements and the crushing weight of big donor money behind weak candidates who have seen too many election cycles will increasingly be met with failure, unless the party can actually convince voters that the center-left has an exciting bench of charismatic younger leaders to pick up the torch.
