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Cuomo declares himself ‘anti-billionaire' as he re-enters New York mayoral race

Cuomo declares himself ‘anti-billionaire' as he re-enters New York mayoral race

Telegraph5 days ago
Andrew Cuomo has seemingly declared himself an 'anti-billionaire' as he re-entered the New York mayoral race.
Mr Cuomo, the former New York governor, lost the Democratic primary to socialist candidate Zohran Mamdani last month but on Monday announced he would stand as a third-party candidate.
Mr Mamdani was propelled to victory by a campaign focused on the cost of living, with plans to raise the minimum wage to $30 an hour, freeze rent for stabilised tenants and build 200,000 affordable homes within a decade.
In an interview with New York Magazine on Tuesday, Mr Cuomo likened himself to his 33-year-old rival, claiming they were both 'anti-billionaire'.
'I believe he is authentic in his political ideology… social, anti-business becomes anti-establishment, anti-billionaire,' he said of Mr Mamdani.
'Which, yeah, I'm anti-billionaire. They have too much money. Make them give it back, especially when we're having an affordability crisis.'
Claims Cuomo adopted Mamdani's words
The comments have prompted a row between the media and the Cuomo camp, who have pushed back on reports of their candidate's apparent adoption of Mr Mamdani's talking points.
'That's a silly manipulation of the governor's words: he was clearly explaining and mimicking Mamdani's campaign messag e and how it resonated with his supporters,' said Rich Azzopardi, Mr Cuomo's spokesman.
'That's not his position at all and both the context of the conversation makes that clear.'
However, David Freedlander, the journalist who interviewed Mr Cuomo for New York Magazine, described the former governor's 'anti-billionaire' comments as his 'pitch for Mamdani voters'.
As governor, Mr Cuomo pushed back on attempts by fellow Democrats in the state Senate as they attempted to impose a tax on millionaires, claiming it would cause wealthy individuals to flee New York.
The state would be able to 'count on one hand the number of millionaires left' if they followed through with the plan, he said in 2019.
He has also noted that one per cent of its population pay 50 per cent of its tax revenues, and blocked former New York City mayor Bill de Blasio's attempts to raise income taxes on those earning more than $500,000 in 2014.
Elsewhere in the interview, Mr Cuomo said, like Mr Mamdani, he was in favour of freezing rent and introducing 'fast free buses'.
'I was not aggressive enough'
Looking back on his failed primary campaign, the former governor said he had failed to cross-examine Mr Mamdani's policies, which he said would mean 'death for New York City'.
'I never really debunked his proposals because I just didn't engage. That was a mistake,' said Mr Cuomo, whom commentators criticised for running a listless campaign.
'I made a mistake. I was not as aggressive as I should be, which is really ironic because my whole life people have been saying about me, 'Oh, he's too aggressive, too combative, pushed too hard'.'
He continued: 'It was just a mistake, and it's not a mistake I'm going to make again.'
So far, Mr Cuomo faces an uphill battle to win the mayoral election in November, with the anti-Mamdani vote split between Eric Adams, the current mayor, Republican candidate Curtis Sliwa, and Jim Walden, an independent.
'You run a multi-candidate field, Mamdani wins,' Mr Cuomo said.
'One-on-one is the best shot, and the goal is stopping Mamdani. Whoever has the best shot to do that should go forward.'
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Chelsea manor listed for £250million becomes one of London's most valuable after owner quits London because 'Britain has gone to hell'
Chelsea manor listed for £250million becomes one of London's most valuable after owner quits London because 'Britain has gone to hell'

Daily Mail​

time13 minutes ago

  • Daily Mail​

Chelsea manor listed for £250million becomes one of London's most valuable after owner quits London because 'Britain has gone to hell'

A valuable Chelsea manor is set to be listed for an eye-watering £250million after its billionaire owner quit London, declaring that 'Britain has gone to hell'. John Fredriksen, the UK's ninth richest billionare, moved his business out of the UK capital last month after it had emerged he had closed the Sloane Square headquarters of one of his private businesses - Seatankers Management. Now, his luxury 300-year-old Georgian manor is said to be hitting the market. Nestled on Chelsea's oldest street in west London, the Old Rectory comes fit with a private ballroom and a near two acre garden, one of central London's largest. Mr Fredriksen, 81, is understood to be packing up his multi-million pound home, boasting up to 10 bedrooms across 30,000 square feet, the Times has reported. Local residents have alleged that more than a dozen domestic staff have been let go, while discreet viewings of the grand mansion are also set to be arranged. Experts believe that a listing of the prestigious home is unlikely to appear on popular property listing sites but instead will be sold in an 'off-market' private deal delivered by specialist agents. A spokesman for Fredriksen declined to comment on whether The Old Rectory was on sale, alongside whether any domestic staff had been let go, according to The Times. The Norweigan-born shipping tycoon, who has an estimated wealth of around £13.7billion, has been publicly critical of Britain's poor economic prospects, particularly following Labour's controversial non-dom tax raid. Local residents have alleged that more than a dozen domestic staff have been let go, while discreet viewings of the grand mansion are also set to be arranged. Experts believe that a listing of the prestigious home is unlikely to appear on popular property listing sites He is said to be spending most of his time running his successful business empire from the United Arab Emirates, rather than the UK. At a shipping event in June, Mr Fredriksen told Norweigan title E24 that Britain was 'starting to remind me more and more of Norway', adding: 'Britain has gone to hell, like Norway'. He continued: 'The entire Western world is on its way down. 'People should get up and work even more, and go to the office instead of having a home office.' Mr Fredriksen purchased the Grade II-listed riverside mansion from Greek businessman Theodore Angelopoulos in 2001 for £37million. In 2004, he reportedly turned down former Chelsea owner Roman Abramovich's £100million offer for the house. Having first gotten into oil trading in the 1960s and then buying his first tankers in the 1970s, Mr Fredriksen left Norway in 1978. The oil tanker magnate went on to make his fortune during the Iran-Iraq war in the 1980s. The oil tanger magnate (pictured) moved his business out of the UK capital last month after it had emerged he had closed the Sloane Square headquarters of one of his private businesses - Seatankers Management. In an interview with E24 in June, he said that 'Britain has gone to hell' John Waters, director of independent buying agency Robert Bailey Property, told The Times that 'many' of the UK's wealthiest home owners that have left the country in recent years have chosen to rent overseas, rather than sell their properties. They do so, he said, 'in the hope that the UK tax system will in the future become less unfavourable'. Mr Waters added: 'They feel they have little choice due to the end of non-dom status and the prospect of all their global assets being subject to UK inheritance tax.' In April, The Labour Government abolished the non-dom tax status in April, which is where UK residents whose permanent home or domicile for tax purposes is outside the country. Then, just a month later, it was revealed that the UK has suffered the biggest fall in billionaires on record. The number dropped to 156 this year from 165 in 2024, representing the sharpest decline in the Sunday Times Rich List's 37-year-history. 'Our billionaire count is down and the combined wealth of those who feature in our research is falling,' Robert Watts, compiler of the Rich List, said when it was published last month. 'We are also finding fewer of the world's super rich are coming to live in the UK.' Research by New World Wealth has also suggested that the UK has lost 18 dollar billionaires over the last two years - more than any other country in the world. However, putting an exact figure on the number of billionaires leaving the country is complicated by the difficulty of calculating an individuals' wealth and working out their tax residency if they do not make this information public. The drop in Britain's billionares also came after the Autumn Budget last year that included several controversial tax changes. Since April, employers have had to start paying higher National Insurance contributions for their staff.

Why many Black Americans are boycotting big-box retail stores: ‘using my money to resist'
Why many Black Americans are boycotting big-box retail stores: ‘using my money to resist'

The Guardian

time32 minutes ago

  • The Guardian

Why many Black Americans are boycotting big-box retail stores: ‘using my money to resist'

Rebecca Renard-Wilson has stopped shopping at Target and all things Amazon including Whole Foods and Amazon Fresh. These days, the mother of two shops for the things she needs at farmer's markets, small mom-and-pop stores or she goes directly to the websites of products she wants to purchase. 'I have options of where I put my money,' Renard-Wilson, 49, said. 'Yes, Target's convenient. Yes, Amazon Fresh is on my drive to my kids' school. The options that I have discovered have opened up new relationships. I feel more connected to my community because I'm not shopping at those big-box places. I'm able to now use my money not only to resist places that don't align with my values, but I'm able to now support places that do align with my values. To me, that's a win-win.' Renard-Wilson is among a growing group of African Americans who are ditching corporate big-box retail stores who rolled back their DEI programs and instead are shopping at small, minority- and women-owned businesses they believe value their dollars more. In February, more than 250,000 people signed a pledge to boycott Target after Rev Jamal Bryant, pastor of New Birth Baptist church outside of Georgia, called for a 40-day Target Fast that started at the beginning of the Lenten season. The boycott has become a movement across social media and within community neighborhoods nationwide with the shared goal of rejecting systems that do not value the African American community, and it has already impacted Target. In the first quarter of the year, the company reported a $500m loss in year-over-year sales, citing reaction to the boycott and lower foot traffic. Shortly after taking office in January, Donald Trump eliminated DEI programs across offices in the federal government. Retailers, including Target, Walmart and Amazon, followed the president's lead in eliminating their DEI programs and initiatives. In 2020, following the killings of George Floyd, Breonna Taylor and Ahmaud Arbery, millions marched in the streets in protest of police violence – and tech giants, retailers, Fortune 500 companies and industries pledged their commitment to diversity practices. Target specifically committed to invest $2 bn in Black-owned businesses. It increased the amount it spent with Black-owned suppliers by over 50% and doubled the number of Black-owned brands on its shelves. Customers found Black-owned hair products such as TGIN (Thank God Its Natural), Camille Rose and Pattern (by actor Tracee Ellis Ross), beauty brands Black Opal and TLB (The Lip Bar), and lifestyle merchandise like Be Rooted and Tabitha Brown's products including mugs, stationary, tote bags, home decor and kitchen essentials. Some considered it to be a 'racial reckoning'. By 2024, the reckoning had soured as racial justice fatigue and a deviance to progress set-in with the reelection of Trump. 'We are standing in righteous indignation against racism and sexism in this nation,' Bryant told his congregation. Target, he said, 'made a commitment after the death of George Floyd that you would invest $2 bn into the Black community before December 2025'. When Target dropped its DEI programs and initiatives in January, Bryant said the company was 'reneging on the financial commitment you made to our people'. Bryant partnered with the US Black Chamber of Commerce to provide a digital directory of more than 150,000 Black-owned businesses across the US and asked that the more than 250,000 people who registered to buy directly from the Black-owned businesses' online platforms and not Target. And during the Easter weekend Bryant said that five mega churches turned their spaces into retail malls so congregants could support Black-owned businesses. It wasn't an easy decision to boycott Target, Renard-Wilson said. She has friends who have products on Target shelves and liked supporting their businesses. When she learned about the boycott on social media, she was conflicted. 'Some people were saying if you boycott Target, then you are basically crippling those Black, queer, or Latino creatives who have had to put so much capital, so much time, and so much resources just to get their stuff on the Target shelves,' Renard-Wilson said. 'I was like, 'Damn, now this is complicated.'' The retailers' decisions to eliminate their DEI initiatives, Renard-Wilson said, demonstrated that they 'don't really care about' minority communities. There was a time, she says, when she shopped at Target and Amazon Fresh pretty regularly, because they were convenient. Sometimes she visited Amazon Fresh two or three times a week, because it was on the way to her kids' schools. Renard-Wilson, who lives with her husband and two young children in Los Angeles, gets a lot of the goods that she used to purchase at Target or Amazon from Costco now, which doubled-down on its commitment to DEI. 'We didn't really mess with Costco that much because it was a headache to get to and the parking was always crazy,' said Renard-Wilson. 'But when Target was like, 'Forget DEI', and Costco was like, 'We value diversity,' I was like, 'I'm going to spend my money in a place that's aligned with my values.'' And when Renard-Wilson can't find what she needs at Costco, she'll go to small local mom-and-pop stores or buy directly online from the source. She found a deodorant she likes produced by a Black woman-owned company. Renard-Wilson is also part of a Facebook group where people share where to get certain items. The financial cost of not shopping at Target or Amazon has been minimal, Renard-Wilson said. In fact, when she compared one of her pre-boycott credit card bills with her credit card bill during the boycott, she had spent $2,000 less by not shopping at the big-box retailers. She points out the one time her husband, a teacher, paid more than double for workshop supplies that he could have gotten much cheaper at Amazon. Other than that, Renard-Wilson says most products have only been a few bucks more along with the cost of shipping sometimes. 'Thankfully, prayerfully, we're in a financial position to be able to pay a little bit more,' says Renard-Wilson, who acknowledges that her family is currently in a privileged financial position to be able to explore options outside of big-box corporate retail stores. But there are families in smaller rural areas who do not have the retail options of big cities, technology access or the financial means to fully participate in the retail boycott. Karmen Jones' 82-year-old grandmother lives in rural Mississippi. The closest grocery store to her grandmother is a Walmart, Jones says, which is 30 to 40 minutes away from her grandmother's home. There is no Instacart or Uber Eats in her area that's close to the Delta, and her elderly grandmother is not going to go online to purchase items, Jones said. There's also the transportation issue. Jones often has to take her grandmother grocery shopping when she visits. 'It's a privilege to be able to protest,' Jones, 26, said. 'My grandmother does not have the privilege to say no to a Walmart if that's the nearest grocery store that she has.' Jones' family's roots run deep in Mississippi. Her family had to be protected from the Ku Klux Klan, she says, because her great-grandmother owned a successful Black business. Jones recently visited the plantation where her family lived and worked in Mississippi, and witnessed the large wealth gap between Blacks and whites in the rural area. Given her family's history, she doesn't want people to judge her grandmother if she is unable to participate in the boycott. 'I believe the elders deserve to have a break at times. They deserve to have support and to have care. That is where she [my grandmother] is in her chapter in her life. She's in a place where she deserves care,' said Jones, a communications consultant, whose family travels between Washington DC, where she first heard about the retail boycott, and Mississippi for work. She also notes that there's a difference in the robust grocery market in the DMV (Washington DC, Maryland and Virginia) versus the food deserts in Mississippi. 'In the DMV, we quickly noticed that you don't really have to go to Walmart or Target. You can go to Harris Teeter or Trader Joes,' Jones said. In Mississippi, Jones says she's shopped at Kroger or Costco since the boycott. If she goes to a particularly rural area, she has to stop at a corner store or market for goods. But more importantly, she's noticed the big financial cost to boycotting. Most of her beauty or hair products used to be purchased from Amazon, Jones says, but now she buys items from Ulta, which has remained committed to its DEI initiatives put forth in 2020 and 2021. 'There is a price to pay for protesting,' Jones said. Though Jones has had to pay more for products, she says she will not be going back to big retailers anytime soon, even if they reinstated their DEI initiatives. Target, especially, was a disappointment, Jones said. 'Target marketed itself prior to Trump's last election as being pro-DEI and being pro-Black creatives. Our faces were all around the store and even in the aisles,' she said. Bryant told CNN's Erin Burnett in May that the Target boycott will continue until things shift. He's taking a page out of the history books, pointing to the 1955 Montgomery Bus Boycott that lasted 381 days. That protest, which occurred 70 years ago, serves as a model. Most recently Bryant called for a boycott of Dollar General stores and McDonalds. Renard-Wilson says she doesn't plan to return to the big-box retail stores, even if there is a shift to embrace DEI again. 'I do not have any desire to continue supporting capitalistic systems that put profit over people,' Renard-Wilson says. 'I'm going to use my money and try to invest in people who care about me and my community.' This story was co-published and supported by the journalism non-profit the Economic Hardship Reporting Project.

What you need to know about Trump, Epstein and the MAGA controversy
What you need to know about Trump, Epstein and the MAGA controversy

BreakingNews.ie

time43 minutes ago

  • BreakingNews.ie

What you need to know about Trump, Epstein and the MAGA controversy

The 2019 suicide of disgraced financier and sex offender Jeffrey Epstein in a New York jail cell generated conspiracy theories, fuelled by US president Donald Trump's conservative MAGA movement, that he was killed by one of his famous connections. Here are some facts about Epstein and the current controversy: Advertisement Who is Jeffrey Epstein? The Brooklyn-born Epstein, a former high school math teacher who later founded consulting and financial management firms, cultivated the rich and famous. He was known for socializing with politicians and royalty, including Mr Trump, Democratic president Bill Clinton, Microsoft MSFT.O co-founder Bill Gates and Britain's Prince Andrew. Some friends and clients flew on his private plane and visited his Caribbean islands. Mr Trump knew Epstein socially in the 1990s and early 2000s. During the 2021 trial of Epstein associate Ghislaine Maxwell, the financier's longtime pilot, Lawrence Visoski, testified that Mr Trump flew on Epstein's private plane multiple times. Mr Trump has denied being on the plane. What was Epstein charged with? In 2008, Epstein pleaded guilty to a Florida state felony prostitution charge, after federal prosecutors agreed not to charge him with sex trafficking of minors. He served 13 months in jail and was required to register as a sex offender. That punishment is now widely regarded as too lenient. Advertisement In July 2019, the US Justice Department charged Epstein with sex trafficking minors, including sexually exploiting and abusing dozens of girls, in New York and Florida between 2002 and 2005. He pleaded not guilty. Epstein died on August 10th, 2019, at age 66 by hanging himself in a Manhattan jail cell, an autopsy concluded. He was never tried on the 2019 charges. What is the current controversy over Epstein? Though the New York City chief medical examiner determined that Epstein's death was a suicide by hanging, Epstein's ties to wealthy and powerful people prompted speculation that one or more of them wanted him silenced. In several interviews, Mr Trump left open the possibility that Epstein may not have died by suicide. During the 2024 presidential campaign, when asked on Fox News if he would declassify the Epstein files, Mr Trump said: "Yeah, yeah I would." Advertisement In February, Fox News asked attorney general Pam Bondi whether the Justice Department would be releasing Epstein's client list, and she said: "It's sitting on my desk right now to review." The 2019 suicide of disgraced financier and sex offender Jeffrey Epstein in a New York jail cell generated conspiracy theories. Photo:Some of Mr Trump's most loyal followers became furious after his administration reversed course on its promise. A Justice Department memo released on July 7th concluded that Epstein killed himself and said there was "no incriminating client list" or evidence that Epstein blackmailed prominent people. The demands by Trump supporters for more Epstein-related documents have caused a rare fracture within the president's base. Supporters, inspired by conservative talk show hosts and podcasters, have said the federal government is concealing records to protect wealthy and influential people with ties to Epstein. Advertisement Trying to contain the fallout, Mr Trump defended Ms Bondi and accused his supporters in a Truth Social post of falling for a hoax, calling them "weaklings" who were helping Democrats. With backlash from his base not abating, Mr Trump on July 17th requested that Ms Bondi ask a federal judge to unseal grand jury transcripts related to Epstein's 2019 indictment. The government on Friday filed a motion in Manhattan federal court to unseal the transcripts. What happens next? Ultimately, a judge will decide whether to release the transcripts. Transcripts of grand jury proceedings are generally kept secret under federal criminal procedure rules, with limited exceptions. If a judge agrees to release the transcripts, it is likely that some material would be redacted, or blacked out because of privacy or security concerns.

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