No Result
View All Result
SUBMIT YOUR ARTICLES
  • Login
Monday, September 15, 2025
TheAdviserMagazine.com
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
No Result
View All Result
TheAdviserMagazine.com
No Result
View All Result
Home Market Research Business

Days after calling herself a ‘staunch capitalist’ before a sitdown with socialist Zohran Mamdani, Kathy Hochul endorses him

by TheAdviserMagazine
6 hours ago
in Business
Reading Time: 3 mins read
A A
Days after calling herself a ‘staunch capitalist’ before a sitdown with socialist Zohran Mamdani, Kathy Hochul endorses him
Share on FacebookShare on TwitterShare on LInkedIn



Gov. Kathy Hochul on Sunday urged New Yorkers to vote Zohran Mamdani for mayor of New York City, giving the Democratic nominee one of his most significant endorsements to date in the contest to lead the nation’s biggest city.

Writing in The New York Times‘ opinion section, Hochul said that while she and Mamdani diverged on some issues, they came together on the importance of addressing the affordability crisis in the city and across the state.

Just four days earlier, Hochul had sat down with Bloomberg TV and sung a very different tune. Calling herself a “staunch capitalist,” she said she would sit down soon with Mamdani and make some things clear. “The city of New York, as powerful and mighty as it is, is still a subdivision of the state, so any tax increase has to come across my desk first.” Mamdani, of course, campaigned on tax increases including a new tax on millionaires and an increase in the state’s corporate tax rate.

“In our conversations,” Hochul wrote in the Times, “I heard a leader who shares my commitment to a New York where children can grow up safe in their neighborhoods and where opportunity is within reach for every family,” wrote Hochul, a Democrat who served alongside Mamdani’s mayoral rival, former Gov. Andrew Cuomo, after winning two elections as lieutenant governor. In June, Mamdani shocked observers by convincingly trouncing Cuomo in the Democratic primary. “I heard a leader who is focused on making New York City affordable — a goal I enthusiastically support,” Hochul added.

The stunning success of Mamdani, a 33-year-old self-described democratic socialist, in the race for New York City mayor has exposed divisions within the Democratic Party as it struggles to repair its brand more than half a year into Donald Trump’s presidency. Hochul’s endorsement is the latest sign that Democratic leaders who had been skeptical of Mamdani’s liberal views are beginning to consolidate around him.

Mamdani thanked Hochul for the boost, saying it’s a sign “our movement is growing stronger.”

“Governor Hochul has made affordability the centerpiece of her work. I look forward to fighting alongside her to continue her track record of putting money back in New Yorkers’ pockets and building a safer and stronger New York City where no one is forced to leave just so they can afford to raise a family,” Mamdani said in a statement Sunday night. “I’m grateful to the Governor for her support in unifying our party — as well as the work she’s done standing up to President Trump, securing free lunch meals for our kids, and expanding access to childcare.”

In recent weeks, the other candidates in the race — former Gov. Andrew Cuomo, incumbent Mayor Eric Adams and Republican Curtis Sliwa — have intensified their criticism of Mamdani over his platform and past statements ahead of the city’s general election in November. President Donald Trump himself thinks Mamdani is likely to win, as he said over the weekend, while he has criticized Sliwa as “not exactly prime time,” including his well-known penchant for adopting rescue cats.

Hochul said another reason she decided to back Mamdani was his vow that he would make sure the New York Police Department had the resources it needs to keep the city’s streets and subways safe.

“I urged him to ensure that there is strong leadership at the helm of the N.Y.P.D. — and he agreed,” Hochul wrote.

Mamdani, who is leading in the polls, has not been endorsed by some prominent Democrats, including Chuck Schumer and Hakeem Jeffries, the minority leaders in the U.S. Senate and House.

U.S. House Republican Leadership Chairwoman Elise Stefanik, a New York congresswoman, said Hochul’s endorsement is a sign that the governor is moving left to shore up falling poll numbers.

“At the exact moment when New Yorkers are looking for strong leadership from their Governor with a majority opposing Zohran Mamdani, Kathy Hochul embraces this raging Communist who will destroy New York making it less affordable and more dangerous — once again putting criminals and communists first, and New Yorkers LAST,” Stefanik said in a Sunday statement.

Mamdani soundly defeated Cuomo in the Democratic primary. Cuomo has since relaunched his campaign as an independent. Adams, a Democrat, skipped the primary to run as an independent in November. Sliwa ran unopposed in the Republican primary.

Hochul served as lieutenant governor to Cuomo and replaced him after he stepped down in 2021 following a barrage of sexual harassment allegations. He denied wrongdoing during the campaign, maintaining that the scandal was driven by politics.

Fortune Global Forum returns Oct. 26–27, 2025 in Riyadh. CEOs and global leaders will gather for a dynamic, invitation-only event shaping the future of business. Apply for an invitation.



Source link

Tags: CallingCapitalistdaysendorsesHochulKathyMamdanisitdownSocialistStaunchZohran
ShareTweetShare
Previous Post

Ethereum Faces September Profit-Taking Risks Despite $638M ETF Boost

Next Post

How wealth management firms can scale growth

Related Posts

edit post
Oil steady as market weighs supply risk from attacks on Russian refineries

Oil steady as market weighs supply risk from attacks on Russian refineries

by TheAdviserMagazine
September 15, 2025
0

Oil prices held steady in early trade on Tuesday after rising in the previous session, as market participants contemplated potential...

edit post
Appeals court rejects Trump’s bid to oust Lisa Cook from the Fed ahead of interest rate decision

Appeals court rejects Trump’s bid to oust Lisa Cook from the Fed ahead of interest rate decision

by TheAdviserMagazine
September 15, 2025
0

An appeals court ruled Monday that Lisa Cook can remain a Federal Reserve governor, rebuffing President Donald Trump’s efforts to remove her...

edit post
Israeli drone camera co NextVision raising 0m

Israeli drone camera co NextVision raising $400m

by TheAdviserMagazine
September 15, 2025
0

After its share price has risen 272% over the past year and 1,765% over the past three years, NextVision...

edit post
Markets are starting to price in economic overheating – UBS (SP500:)

Markets are starting to price in economic overheating – UBS (SP500:)

by TheAdviserMagazine
September 15, 2025
0

Sep. 15, 2025 1:29 PM ETS&P 500 Index (SP500)AAPL, SMH, XLF, XLK, IYF, IYW, AMZN, MSFT, GGME, NVDA, KBE, XPH,...

edit post
Israeli digital bank Esh launches with no fees

Israeli digital bank Esh launches with no fees

by TheAdviserMagazine
September 15, 2025
0

Israeli digital bank Esh launched operations today three years after it received a banking license from the Bank of...

edit post
Professors think students are prepared for the workforce— nearly half of students disagree and feel unready even for entry-level roles

Professors think students are prepared for the workforce— nearly half of students disagree and feel unready even for entry-level roles

by TheAdviserMagazine
September 15, 2025
0

While it may be assumed that recent college graduates aren’t ready to take on the AI-burdened job market, the ones...

Next Post
edit post
How wealth management firms can scale growth

How wealth management firms can scale growth

edit post
Facebook Settlement Payments Are Finally Rolling Out—Here’s What to Know

Facebook Settlement Payments Are Finally Rolling Out—Here’s What to Know

  • Trending
  • Comments
  • Latest
edit post
What Happens If a Spouse Dies Without a Will in North Carolina?

What Happens If a Spouse Dies Without a Will in North Carolina?

September 14, 2025
edit post
California May Reimplement Mask Mandates

California May Reimplement Mask Mandates

September 5, 2025
edit post
Who Needs a Trust Instead of a Will in North Carolina?

Who Needs a Trust Instead of a Will in North Carolina?

September 1, 2025
edit post
Does a Will Need to Be Notarized in North Carolina?

Does a Will Need to Be Notarized in North Carolina?

September 8, 2025
edit post
DACA recipients no longer eligible for Marketplace health insurance and subsidies

DACA recipients no longer eligible for Marketplace health insurance and subsidies

September 11, 2025
edit post
Big Dave’s Cheesesteaks CEO grew up in ‘survival mode’ selling newspapers and bean pies—now his chain sells a  cheesesteak every 58 seconds

Big Dave’s Cheesesteaks CEO grew up in ‘survival mode’ selling newspapers and bean pies—now his chain sells a $12 cheesesteak every 58 seconds

August 30, 2025
edit post
Divergent raises 0M to expand production of specialized military parts

Divergent raises $290M to expand production of specialized military parts

0
edit post
How Smart Hospitals Innovate While Staying Patient-Centric

How Smart Hospitals Innovate While Staying Patient-Centric

0
edit post
How wealth management firms can scale growth

How wealth management firms can scale growth

0
edit post
Oil steady as market weighs supply risk from attacks on Russian refineries

Oil steady as market weighs supply risk from attacks on Russian refineries

0
edit post
3 Popular Perks That Southwest Airlines Is Ending for Good — and 6 New Upgrades

3 Popular Perks That Southwest Airlines Is Ending for Good — and 6 New Upgrades

0
edit post
Appeals court rejects Trump’s bid to oust Lisa Cook from the Fed ahead of interest rate decision

Appeals court rejects Trump’s bid to oust Lisa Cook from the Fed ahead of interest rate decision

0
edit post
Oil steady as market weighs supply risk from attacks on Russian refineries

Oil steady as market weighs supply risk from attacks on Russian refineries

September 15, 2025
edit post
Appeals court rejects Trump’s bid to oust Lisa Cook from the Fed ahead of interest rate decision

Appeals court rejects Trump’s bid to oust Lisa Cook from the Fed ahead of interest rate decision

September 15, 2025
edit post
Facebook Settlement Payments Are Finally Rolling Out—Here’s What to Know

Facebook Settlement Payments Are Finally Rolling Out—Here’s What to Know

September 15, 2025
edit post
How wealth management firms can scale growth

How wealth management firms can scale growth

September 15, 2025
edit post
Days after calling herself a ‘staunch capitalist’ before a sitdown with socialist Zohran Mamdani, Kathy Hochul endorses him

Days after calling herself a ‘staunch capitalist’ before a sitdown with socialist Zohran Mamdani, Kathy Hochul endorses him

September 15, 2025
edit post
Ethereum Faces September Profit-Taking Risks Despite 8M ETF Boost

Ethereum Faces September Profit-Taking Risks Despite $638M ETF Boost

September 15, 2025
The Adviser Magazine

The first and only national digital and print magazine that connects individuals, families, and businesses to Fee-Only financial advisers, accountants, attorneys and college guidance counselors.

CATEGORIES

  • 401k Plans
  • Business
  • College
  • Cryptocurrency
  • Economy
  • Estate Plans
  • Financial Planning
  • Investing
  • IRS & Taxes
  • Legal
  • Market Analysis
  • Markets
  • Medicare
  • Money
  • Personal Finance
  • Social Security
  • Startups
  • Stock Market
  • Trading

LATEST UPDATES

  • Oil steady as market weighs supply risk from attacks on Russian refineries
  • Appeals court rejects Trump’s bid to oust Lisa Cook from the Fed ahead of interest rate decision
  • Facebook Settlement Payments Are Finally Rolling Out—Here’s What to Know
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclosures
  • Contact us
  • About Us

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.