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AOC endorses democratic socialist Zohran Mamdani in New York mayoral race

AOC endorses democratic socialist Zohran Mamdani in New York mayoral race

Yahoo9 hours ago

Congresswoman Alexandria Ocasio-Cortez has endorsed insurgent democratic socialist candidate Zohran Mamdani in New York City's closely watched mayoral race.
In the heavily Democratic city, all eyes have been on the looming party primary for the mayoral candidate on 24 June, which has largely settled into a two-way fight between the outsider Mamdani and former New York governor Andrew Cuomo.
Cuomo – whose tenure as governor was marred by accusations of sexual harassment – dominated early polling but Mamdani, a 33-year-old city assemblyman, has emerged as a serious rival, surging on the back of a leftist set of policy positions.
Related: New York City Democratic mayoral primary debate: five key takeaways
'Assembly member Mamdani has demonstrated a real ability on the ground to put together a coalition of working-class New Yorkers that is strongest to lead the pack,' Ocasio-Cortez told the New York Times in an interview. 'In the final stretch of the race, we need to get very real about that.'
Ocasio-Cortez, 35, is one of the most prominent young and leftwing voices in Democratic politics, currently taking a prominent role – along with veteran senator Bernie Sanders – in opposing the Trump administration and criticizing Democratic party elites for not doing enough to fight the White House.
Her endorsement in the New York mayor's race, in which incumbent Eric Adams has been dogged by corruption allegations and his close relationship with Donald Trump, had been eagerly anticipated.
'As someone who got elected when I was 28 years old, I know very intimately what it means to be trusted with an enormous job of immense responsibility at a very young age,' she said of Mamdani.
Mamdani responded to the news by telling the Times that Ocasio-Cortez was a 'once-in-a-generation leader' and said: 'In 2018, AOC shocked the world and changed our politics for the better with her historic victory. On June 24, we will do the same.'
On Wednesday night, Mamdani, who has seen a recent surge in popularity and is closing on Cuomo, participated in a debate with the former governor and other candidates before the endorsement.
He accused the centrist Cuomo of being beholden to powerful and wealthy donors and their corporate interests.
'The difference between myself and Andrew Cuomo is that my campaign is not funded by the very billionaires who put Donald Trump in DC,' Mamdani said.
Cuomo, meanwhile, attacked Mamdani as being too young and inexperienced for the tasking of running a sprawling metropolis of the size of New York.
'He's been in government 27 minutes,' Cuomo jabbed.

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What aspiring business leaders can learn from Zohran Mamdani's success
What aspiring business leaders can learn from Zohran Mamdani's success

Business Insider

time36 minutes ago

  • Business Insider

What aspiring business leaders can learn from Zohran Mamdani's success

Business leaders — regardless of their political persuasions — might learn something from presumptive New York City mayoral primary winner Zohran Mamdani. As soon as the results began flooding in, political commentators rushed to voice their opinions about what Mamdani's likely victory could mean for New York City and the future of the Democratic party. But the state assemblyman's success provides clear takeaways for all sorts of leaders, regardless of industry or politics, experts told BI. Lisa Friscia, a consultant and executive coach, told Business Insider that Mamdani's campaigning shows that leaders must find genuine ways to connect with people. "Authenticity and connection aren't just nice-to-haves," she said. "That's what works." Here are three major takeaways from his campaign: Lean into your strengths Mamdani's likely victory on Tuesday signaled that he had tapped into real frustrations — particularly among young people — over issues like housing affordability, said Jake Telkamp, an assistant professor at the Hull College of Business at Augusta University in Georgia. Telkamp said the 33-year-old stuck relentlessly to his message and delivered it in a way that didn't feel canned. At times, it was even humorous, he said. For example, in January, Mamdani, dressed in a suit and tie, darted across the beach at Brooklyn's Coney Island and into the ocean to talk about his plans to freeze rents for rent-stabilized apartments in the city. "That really helps get that message across in an entertaining way," Telkamp said. He said Mamdani's polar plunge on the topic of "freezing" helped him stand out in a crowded field of candidates. Using humor in your messaging — and showing charisma — can be an effective strategy for keeping and maintaining attention, whether you're courting potential voters or customers, Telkamp said. Yet, for all the appeal the former rapper's playful approach held for some voters, leaders need to consider what feels right for them so that the message comes across as genuine, he said. "If it comes across as inauthentic, observers will likely be even more dismissive toward the leader," Telkamp said. The prototypical big-company CEO with a staid demeanor who attempts to copy Mamdani's informal approach, for example, could risk looking unconvincing, Telkamp said. "The authenticity part is something that leaders really need to be aware of," he said. Show substance Even as it was entertaining, the message from Coney Island still had meat, said Zeve Sanderson, executive director of the Center for Social Media and Politics at New York University. So did a January video, Sanderson said, in which Mamdani spoke to food truck operators about what several described as an onerous process for getting an operating permit. In only a couple of minutes, Sanderson said, Mamdani managed to deliver an "incredibly substantive" message. "He literally went through the city permitting process," Sanderson said. "That's hardly fascinating stuff for most voters." Sanderson said this is a reminder that leaders can benefit from delving into the details of important issues and presenting them in a memorable way. Friscia said that in the remarks she saw Mamdani make, he didn't appear to be speaking down to people and, instead, spoke with authority about the challenges they faced. "He knew those pain points because he had been in those communities listening to people," she said. Don't avoid tough conversations Mamdani, a Democratic socialist, likely found success in part because he was willing to go to communities that might not appear to be receptive to progressive policies, Christina Greer, an associate professor of political science at Fordham University, told BI. Sanderson also said Mamdani likely benefited from his decision to take on his critics head-on, particularly in the videos he posted on social media. "Rather than avoiding them entirely or pretending like they didn't exist, he often directly engaged with them," Sanderson said. Too often, Sanderson said, leaders can be reluctant to engage with the criticism they're facing, especially on social media. "That's a really powerful thing for him to do," Sanderson said, adding that the strategy marks a shift from five to 10 years ago, when experts often advised political campaigns and companies to avoid such sparring. Greer said leaders who are willing to leave "safe political spaces" to talk with those who might disagree with them can win over some skeptics, or at least earn their respect. "Fortune favors the bold," she said.

CNBC's Joe Kernen says NYC may become crime-ridden ‘Gotham' after Zohran Mamdani win: ‘Class warfare'
CNBC's Joe Kernen says NYC may become crime-ridden ‘Gotham' after Zohran Mamdani win: ‘Class warfare'

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time41 minutes ago

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CNBC's Joe Kernen says NYC may become crime-ridden ‘Gotham' after Zohran Mamdani win: ‘Class warfare'

CNBC anchor Joe Kernen said New York City risks becoming the crime-ridden Gotham of 'The Dark Knight' Batman trilogy following democratic socialist Zohran Mamdani's shocking victory in the city's Democratic mayoral primary. Kernen, speaking on 'Squawk Box' on Wednesday, joked that co-host Andrew Ross Sorkin should challenge Mamdani in the general election. 'I mean, you've got a platform that's similar to his that you ran on, that you said free things,' Kernen said before launching into a pointed analogy. 3 CNBC anchor Joe Kernen likened New York City to the crime-ridden Gotham of 'The Dark Knight' trilogy on Wednesday. CNBC 'I don't wanna go here, but Gotham,' Kernen said. 'Have you seen what Batman is up against in Gotham, and what the guy running for mayor is up against? That's what it reminds me of. They're taking Wall Streeters and making them walk out onto the ice in the East River and hope– and then they fall through. I mean, there is a class warfare that's going on.' Kernen's remarks reflect growing unease in financial and political circles over Mamdani's platform, which includes rent freezes, tax hikes on the wealthy, free public transportation and city-run grocery stores. 3 Zohran Mamdani shocked observers by winning Tuesday's Democratic primary in the New York City mayoral race. Stephen Yang Mamdani's win, which was propelled by young and progressive voters, has rattled New York's political establishment. Newspapers sympathetic to the Democratic Party such as the New York Times and Chicago Tribune lobbied against Mamdani's candidacy, citing an agenda that critics have said is unrealistic. Mamdani's platform has also raised concerns it could drive businesses out of the city and burden taxpayers. His call to raise the minimum wage to $30 an hour by 2030 has drawn particular criticism from small business groups. Mamdani has also drawn backlash over his views on Israel and Jewish identity. He has referred to Israel's campaign in Gaza as 'genocide' and said he believes Israel should exist 'as a state with equal rights' rather than as a Jewish state. Jewish groups, including the Anti-Defamation League and US Holocaust Memorial Museum, condemned his refusal to disavow the slogan 'globalize the intifada,' which they say incites violence against Jews. 3 'The Dark Knight' tells the story of a fictional superhero Batman who fights rampant crime in Gotham City. Warner Brothers Establishment Democrats have distanced themselves, calling Mamdani 'too extreme.' His critics argue that the city lacks the infrastructure to implement sweeping reforms like public grocery stores, given the longstanding dysfunction at agencies like NYCHA. The Post has sought comment from Mamdani.

‘Betting' site Kalshi, which predicted both Trump and Mamdani's wins, parlays $2 billion valuation
‘Betting' site Kalshi, which predicted both Trump and Mamdani's wins, parlays $2 billion valuation

Yahoo

timean hour ago

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‘Betting' site Kalshi, which predicted both Trump and Mamdani's wins, parlays $2 billion valuation

Kalshi, the prediction market and financial exchange platform that correctly predicted the outcome of the 2024 presidential election and recent New York mayoral primary, said it reached a $2 billion valuation on Wednesday following its latest funding round. The website, which functions more like a financial market than a traditional gambling website, allows users to buy into event contracts through 'yes' or 'no' questions. It's regulated by the Commodity Futures Trading Commission, allowing it to function in states where sports betting is banned. Kalshi skyrocketed to popularity this past year after its platform correctly predicted President Donald Trump would win over former vice president Kamala Harris — even when traditional polling had the two candidates neck-in-neck. Most recently, Kalshi's website correctly predicted hours before polls closed that Zohran Mamdani, the New York City primary candidate, would beat former governor Andrew Cuomo for the Democratic nomination. In its latest round of funding, Kalshi said it raised $185 million from investors, led by the venture capital firm Paradigm. Other investors included Peng Zhao, the CEO of Citadel Securities; Sequoia Capital, a venture capital firm; and Multicoin Capital, a crypto investment company, according to the Wall Street Journal. Calling it 'one of the fastest growing companies in America,' Kalshi CEO and co-founder Tarek Mansour told CNBC that its growth cements its trajectory to becoming a leading financial market. 'We always thought the mission of the company [is] the idea of building the most important financial market on the planet,' Mansour said. Investments in Kalshi come less than a year after it won a lawsuit against the Commodity Futures Trading Commission that now allows it to list contracts on the outcome of elections — something that has historically been outlawed. Mansour said it was their goal to create a financial market 'that could price anything' from elections to Academy Award predictions to sports outcomes. Kalshi and other betting markets have become a popular way for people to bet on the outcome of events, bypassing traditional gambling regulations. But the method of so-called 'backdoor gambling' has left lawmakers and regulators skeptical. "These contracts are a backdoor attempt to bring gambling into financial markets," Cantrell Dumas, the director of derivatives policy at Better Markets, a non-profit group that advocates for a safer financial market system, told Reuters. Three former government officials raised alarm bells about betting markets in October, warning Americans not to get too comfortable with them, given that there is little historical accuracy or precedent. Mansour acknowledged that Kalshi could serve as a powerful tool for the public to gauge the predictability of political events, but he said it should still not replace traditional polling. He reminded people that even in the recent New York City mayoral primary, there was 'volatility.'

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