Latest news with #NewYorkMayor
Irish Times
an hour ago
- Business
- Irish Times
Wall Street gets the chills in New York's ‘hot commie summer'
Wall Street is, to put it mildly, not keen on the prospect of a socialist mayor of New York. It's 'officially hot commie summer', said billionaire money manager Dan Loeb. 'Socialism has no place in the economic capital of our country,' said hedge fund manager Bill Ackman, warning an exodus of wealthy taxpayers could cost New York up to $10 billion. Young people will get a 'refresher on the outcome of Marxism', said Bitcoin billionaire Tyler Winklevoss. 'Suicide by mayor,' said investment strategist Jim Bianco. Their target? Zohran Mamdani , the democratic socialist now favoured to become New York's next mayor. READ MORE Mamdani's plans include rent freezes, free childcare, free buses and public grocery stores, funded by tax hikes on the wealthy. Much of his wish list requires state approval, and Governor Kathy Hochul has already rejected proposed tax hikes. Still, the symbolism alone has unnerved the moneyed classes. Billionaire doomsaying isn't new. Investors made similar threats about leaving New York when Bill de Blasio ran in 2001, only to stay put once he was elected. Mamdani is clearly further left, and his rhetoric is fierier. Nevertheless, for all the talk of leaving for Florida or Texas, New York still offers what they can't: density, talent, infrastructure and prestige. Wall Street may squirm in this ideologically hostile summer, but flight may be harder than fury.
Washington Post
9 hours ago
- Politics
- Washington Post
Mamdani faces Islamophobic attacks from GOP lawmakers, commentators
Zohran Mamdani, who is poised to become the Democratic nominee in New York's mayoral race, is facing a barrage of Islamophobic attacks from some Republican lawmakers and commentators, drawing condemnations from Muslim rights leaders. Rep. Andrew Ogles (R-Tennessee) referred to Mamdani as 'little muhammad' and wrote on social media this week that he 'needs to be DEPORTED.'
Wall Street Journal
9 hours ago
- Politics
- Wall Street Journal
Zohran Mamdani and the Jews
This has been the first time in Zohran Mamdani's adult life that he hasn't wanted to talk about Israel. To obsess over its sins, real and imagined; to destroy it; to expel it from the club of nations. This was also the first time he has run for mayor of New York. Mr. Mamdani's victory in Tuesday's Democratic mayoral primary is said to have nothing to do with his 'foreign policy.' The socialist spoke about rent and grocery prices.
The Independent
9 hours ago
- Politics
- The Independent
Marjorie Taylor Greene offers rare GOP praise of Mamdani's campaign: ‘He talked directly to the people'
MAGA firebrand Marjorie Taylor Greene has offered some rare Republican praise for the New York mayoral primary campaign of Democrat Zohran Mamdani. The Georgia congresswoman initially reacted to the presumed victory of the three-term New York State assemblyman, a Muslim, with an edited image of the Statue of Liberty cloaked in a burqa. She now calls his campaign 'unique and smart.' In an appearance on Steve Bannon 's podcast War Room on Real America's Voice, Green attributed Mamdani's apparent win over the frontrunner, former Governor Andrew Cuomo, to having 'talked directly to the people.' She said Mamdani 'was focused on their issues, focused on their problems, and talking to the people about his solutions.' Greene added: 'I think it's extremely important that we get a hard focus on solving our problems, and that's what people really want. And you know that guy that won … the Democrat primary in the [New York] mayor's race. I've watched quite a few of his videos, and he did something pretty unique and very smart, even though I don't agree with anything he says.' She continued: 'He really ran a campaign where he talked directly to the people. He was focused on their issues, focused on their problems, and talking to the people about his solutions, even though his solutions are insane and they're socialist, probably communist, but … he was talking directly to the people.' 'When we are not talking to the people and not working on the people's problems, we lose the people, and the people will turn elsewhere,' she concluded. While the Georgia lawmaker is no fan of Mamdani, acknowledging his abilities on the campaign trail is of note amidst the torrent of Islamophobic bigotry otherwise directed at the man who is likely to become the next mayor of New York. The New York Young Republican Club reacted to the primary results with a 'call to action' on X. 'The radical Zohran Mamdani cannot be allowed to destroy our beloved city of New York,' the group wrote. The group urged the president to invoke the Red Scare-era Communist Control Act to yank Mamdani's citizenship and 'promptly deport him.' The club called on White House Deputy Chief of Staff Stephen Miller and Trump's border czar, Tom Homan, to take action. Miller claimed New York City is the 'clearest warning yet of what happens to a society when it fails to control migration.' 'The entire Democrat party is lining up behind the diehard socialist who wants to end all immigration enforcement and abolish the prison system entirely,' he added. Republican Rep. Andy Ogles of Tennessee referred to Mamdani as 'little Muhammad' and said he's 'an antisemitic, socialist, communist who will destroy the great City of New York.' 'He needs to be DEPORTED. Which is why I am calling for him to be subject to denaturalization proceedings,' he added. President Donald Trump reacted to Mamdani's win on Truth Social: 'Zohran Mamdani, a 100% Communist Lunatic, has just won the Dem Primary, and is on his way to becoming Mayor. We've had Radical Lefties before, but this is getting a little ridiculous.' He added: 'He looks TERRIBLE, his voice is grating, he's not very smart, he's got AOC+3, Dummies ALL, backing him, and even our Great Palestinian Senator, Cryin' Chuck Schumer, is groveling over him. Yes, this is a big moment in the History of our Country!' Mamdani, who could become the city's first Muslim and Indian-American mayor, won one of the first major Democratic primaries since the start of Trump's second stint in the White House. His platform has largely focused on a growing affordability crisis, with plans for universal childcare, free buses, and a freeze on rent increases in rent-controlled units.
Bloomberg
13 hours ago
- Politics
- Bloomberg
Wall Street Democrats Sweat as DNC Chair Navigates Mamdani Surge
The mood was uneasy as Democratic donors gathered at a Midtown steakhouse for lunch. The night before, progressive candidate Zohran Mamdani had all but clinched the party's nomination for New York mayor — triggering fears by moderates that national Democrats might veer toward socialism. Over crispy artichokes, shrimp and salmon, Democratic National Committee Chairman Ken Martin sought to reassure them.
