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Zohran Mamdani

All articles tagged with #zohran mamdani

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.

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.

Mamdani's NYC FY27 Budget Balances Without Raising Property Taxes
politics14 days ago

Mamdani's NYC FY27 Budget Balances Without Raising Property Taxes

Mayor Zohran Mamdani unveils a $124.7 billion FY2027 budget that balances a multi‑billion‑dollar gap without increasing property taxes, enabled by state aid, delayed pension payments, new revenue (including a pied‑à‑terre tax), and efficiency savings. The plan funds expanded libraries, parks, transit affordability, education and childcare, and a major NYCHA investment, marking a shift away from austerity — though officials warn out‑year deficits remain and reserves should be strengthened to weather uncertainty.

Texas courts NYC firms as Mamdani's wealth critique rattles Wall Street
politics15 days ago

Texas courts NYC firms as Mamdani's wealth critique rattles Wall Street

Texas Gov. Greg Abbott welcomes New York companies relocating or expanding to Texas, touting the state’s no income tax and pro-growth climate, as New York City Mayor Zohran Mamdani faces backlash for criticizing Ken Griffin’s wealth. The article notes Texas has surpassed New York in financial-sector employment and JPMorgan Chase now employs more people in Texas than in New York, with Griffin and Apollo threatening to shift operations outside NYC after Mamdani’s backing of a pied‑à‑terre tax. A White House adviser says Mamdani’s anti‑corporate rhetoric could help Republicans in 2028, while Democrat Paterson urges resilience for NYC’s business community; Abbott’s border actions, including migrant relocations to sanctuary cities, are mentioned to illustrate broader political dynamics.

Griffin says Mamdani's wealth-tax campaign video endangered him
politics20 days ago

Griffin says Mamdani's wealth-tax campaign video endangered him

Billionaire Ken Griffin says NYC Mayor Zohran Mamdani's video portraying him as a poster child for taxing the rich — including showing where he lives — put him in harm's way, citing the murder of a CEO to argue risk to investors as he weighs a reported $6 billion NYC project. Mamdani did not publicly address the safety claim, while a mayoral spokesperson defended tax reform that includes the wealthy and pledged to help business growth; Griffin's project future remains undetermined.

politics21 days ago

Vornado CEO: 'Tax the rich' rhetoric is as hateful as slurs

Steve Roth, CEO of Vornado Realty Trust, argued that calls to 'tax the rich' should be praised, not condemned, claiming the phrase is as hateful as racial slurs during an investor call; he criticized Mayor Zohran Mamdani’s pied-à-terre tax video and suggested Ken Griffin could play a role in educating voters, while Hochul resists broad tax hikes and Citadel weighs a paused $6 billion Midtown project involving Roth’s firm.

New York Mayor urges King Charles to return the Koh-i-Noor diamond
americas26 days ago

New York Mayor urges King Charles to return the Koh-i-Noor diamond

New York City Mayor Zohran Mamdani urged King Charles III to return the 105.6-carat Koh-i-Noor diamond, mined in India and long-contested, which is now part of Britain's Crown Jewels in the Tower of London; the diamond’s ownership history spans multiple empires and nations, and while India has pressed for its return, it was not clear if Mamdani raised the issue during the king’s state visit.

Wilson seizes NYC Council District 3, dealing a setback to Mamdani’s endorsement strategy
politics27 days ago

Wilson seizes NYC Council District 3, dealing a setback to Mamdani’s endorsement strategy

Carl Wilson declared victory in the NYC Council District 3 special election, defeating Lindsey Boylan in a race that devolved into a proxy battle between Mayor Mamdani’s faction and Julie Menin’s camp, with Wilson backed by outgoing officials and major unions and Boylan supported by Cuomo-aligned figures. The result, while not final until the ranked-choice tally is completed, signals a win for Wilson and for Menin, and underscores LGBTQ+ leadership continuity in Manhattan’s West Side as the candidates prepare for a potential June primary.

politics28 days ago

NYC Leaders Push to Trim Millionaire Tax Credit to Balance City Budget

New York City Mayor Zohran Mamdani and City Council Speaker Julie Menin joined to urge Gov. Hochul and Albany to scale back the Pass-Through Entity Tax (PTET) credit that largely benefits millionaires, hoping to raise about $1 billion to help close NYC's budget gap; Hochul rejected the change, complicating the city's budget process amid delayed state spending and ongoing negotiations.

Mamdani's 'Godfather' stunt outside Griffin's penthouse sparks Paterson rebuke
politics1 month ago

Mamdani's 'Godfather' stunt outside Griffin's penthouse sparks Paterson rebuke

New York City Mayor Zohran Mamdani faced sharp criticism from former Gov. David Paterson for a publicity video outside hedge-fund titan Ken Griffin's Manhattan residence to back Kathy Hochul's pied-à-terre tax; Paterson called the stunt Godfather-like and warned it could be dangerous amid political tensions. Citadel signaled it might drop its $6 billion Midtown development in response, and watchdogs questioned whether the tax would raise the projected $500 million in revenue.

Penthouse spotlight fuels clash over NYC second-home tax plan
us-politics1 month ago

Penthouse spotlight fuels clash over NYC second-home tax plan

New York City mayor Zohran Mamdani pushes a pied-à-terre tax on homes valued above $5 million to fund childcare and reduce the city’s deficit, a plan that would affect about 13,000 properties. Ken Griffin’s hedge fund Citadel hit back in a memo, accusing Mamdani of ignorance and disdain and noting Mamdani filmed outside Griffin’s $238 million Central Park penthouse to underscore his campaign. Citadel says the tax is short-sighted despite its own significant tax contributions and redevelopment plans in the city; Mamdani has said he’s not anti-business and aims to balance needs with revenues. Citadel declined to comment.