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New York City

All articles tagged with #new york city

politics2 hours ago

Mamdani Targets NYC Housing Bottleneck with Aggressive Zoning Push

New York Mayor Zohran Mamdani unveiled a housing plan to address inequitable growth, proposing land-use changes and citywide zoning reforms to spur residential development in low-producing neighborhoods, accelerate transit‑oriented housing, and aim for 200,000 affordable homes over 10 years, using tools from the Adams era and creating a fast-track review for 12 identified districts as vacancy remains at a multi-decade low.

Bezos questions NYC school funding, urges root-cause fixes over tax hikes
business1 day ago

Bezos questions NYC school funding, urges root-cause fixes over tax hikes

Jeff Bezos said on CNBC that New York City's public-school spending (about $44,000 per student) is inefficient and wouldn’t be tolerated in business, arguing funds don’t reach teachers and calling for root-cause solutions rather than higher taxes on the wealthy; NYC Mayor Zohran Mamdani responded, while Bezos and the family later pledged up to $150 million for early childhood education in NYC (including a $100 million donation and $25 million contingent on matching funds) to support expanded childcare programs.

Wall Street CEOs Play Nice With NYC’s Leftward Mayor, Critics Say Real Policy Battle Barges Ahead
business2 days ago

Wall Street CEOs Play Nice With NYC’s Leftward Mayor, Critics Say Real Policy Battle Barges Ahead

Jamie Dimon and David Solomon reportedly had a friendly, constructive talk with NYC Mayor Zohran Mamdani about public-private partnerships, but the column casts the meeting as a sign of tension between big business and the left-leaning administration, noting the absence of Ken Griffin and arguing that polite engagement won’t counter Mamdani’s policies; Dimon later called Mamdani an ideologue in a Bloomberg interview, and the piece suggests that Wall Street may be voting with its feet as firms relocate jobs to friendlier jurisdictions.

NYC to offer 1,000 World Cup tickets at $50 via city lottery
world5 days ago

NYC to offer 1,000 World Cup tickets at $50 via city lottery

New York City Mayor Zohran Mamdani announced a lottery giving 1,000 NYC residents reduced-price World Cup tickets at $50 each, for five group-stage games and two knockout matches at MetLife Stadium (renamed New York New Jersey Stadium for the tournament). The lottery runs May 25–six days, with up to 50,000 daily entrants; winners also receive free bus transportation to the stadium and the chance to buy an additional ticket. The 2026 World Cup, hosted by the US, Mexico and Canada, has faced criticism over ticket prices and transportation.

New York City to offer $50 World Cup tickets via lottery for MetLife Stadium games
world5 days ago

New York City to offer $50 World Cup tickets via lottery for MetLife Stadium games

NYC mayor Zohran Mamdani unveils a lottery for about 1,000 $50 World Cup tickets for MetLife Stadium games (excluding the final), including bus transport, with entries running May 25–30 and winners able to buy up to two tickets each; the program aims to boost local access amid high ticket prices and is organized with the NY/NJ World Cup host committee, not FIFA.

New York residents win 1,000 $50 World Cup tickets via city-backed ballot
world5 days ago

New York residents win 1,000 $50 World Cup tickets via city-backed ballot

New York City Mayor Zohran Mamdani brokered a deal with FIFA to provide 1,000 World Cup tickets to NYC residents at $50 each, allocated by ballot across seven MetLife Stadium matches (excluding the final) with free bus travel; the tickets come from joint host committee allocations and are non-transferable to curb scalping. The entry window runs May 25–5pm ET, with up to 50,000 applicants per day, and winners announced June 3 who can buy up to two tickets to bring a child. This marks a rare citywide affordable-access effort ahead of the 2026 World Cup hosted in the US, Canada, and Mexico.

Dimon to Mamdani: NYC’s success hinges on results, not ideology
business5 days ago

Dimon to Mamdani: NYC’s success hinges on results, not ideology

JPMorgan Chase CEO Jamie Dimon told Bloomberg TV he’ll judge NYC Mayor Zohran Mamdani by outcomes rather than rhetoric, warning that if affordable housing and other core issues don’t improve, the city won’t attract people or business. Dimon cautioned that Mamdani’s left-leaning agenda must compete for talent with global hubs, as the mayor pushes higher taxes on corporations, a 2% income tax hike for the wealthy, and a luxury levy on second homes. Dimon also backed Jeff Bezos’s call for reducing taxes on lower earners to zero, and supported Bezos after he criticized Mamdani for naming Ken Griffin in a video. The comments followed a meeting with Mamdani and other business leaders and underscore growing tension between NYC’s business community and the mayor’s policy aims.

Bezos Backs NYC Luxury-Home Tax, Pushes Back on Singling Out Griffin
business5 days ago

Bezos Backs NYC Luxury-Home Tax, Pushes Back on Singling Out Griffin

Jeff Bezos publicly supports Mayor Mamdani's pied-à-terre tax on New York City properties valued over $5 million that aren’t primary residences, arguing such taxes can be reasonable if applied judiciously. He also pushed back against criticisms that singled out Citadel CEO Ken Griffin, saying Griffin isn’t a villain. Bezos noted he would be affected since he owns NY properties but lives in Florida. The tax originated with Gov. Hochul and was later backed by Mamdani, and it remains subject to legislative approval amid broader opposition.

Drunk-driving crash on NYC sidewalk kills father of triplets and a doorman
world9 days ago

Drunk-driving crash on NYC sidewalk kills father of triplets and a doorman

A suspected drunk driver in a Mercedes SUV plowed onto a Manhattan Valley sidewalk around 6 p.m. near Amsterdam Ave and West 109th St, killing two men (one a doorman and the other a hospital worker who was a father of triplets) and critically injuring three others. The driver was taken into custody and Collision Investigation Squad detectives are reviewing surveillance footage as the investigation continues.