No Result
View All Result
SUBMIT YOUR ARTICLES
  • Login
Tuesday, October 28, 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
1 month 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

Advisor’s guide to managing client pessimism in bull market

Related Posts

edit post
Israel-US fares stay high despite return of foreign carriers

Israel-US fares stay high despite return of foreign carriers

by TheAdviserMagazine
October 28, 2025
0

For the first time since the start of the war, American Airlines will resume flights to and from Israel....

edit post
Positive Breakout: These 11 stocks cross above their 200 DMAs – Upside Ahead?

Positive Breakout: These 11 stocks cross above their 200 DMAs – Upside Ahead?

by TheAdviserMagazine
October 27, 2025
0

In the Nifty500 pack, 11 stocks' closing prices crossed above their 200 DMA (Daily Moving Averages) on October 27, 2025,...

edit post
Amkor outlines B Arizona campus investment and projects double-digit Q4 revenue growth (NASDAQ:AMKR)

Amkor outlines $7B Arizona campus investment and projects double-digit Q4 revenue growth (NASDAQ:AMKR)

by TheAdviserMagazine
October 27, 2025
0

Seeking Alpha's Disclaimer: The earnings call insights are compilations of earnings call transcripts and other content available on the Seeking...

edit post
Harvard says it’s been giving too many A grades to students

Harvard says it’s been giving too many A grades to students

by TheAdviserMagazine
October 27, 2025
0

More than half of the grades handed out at Harvard College are A’s, an increase from decades past even as...

edit post
More flight disruptions are hitting airports across the country due to a shortage of air traffic controllers

More flight disruptions are hitting airports across the country due to a shortage of air traffic controllers

by TheAdviserMagazine
October 27, 2025
0

A shortage of air traffic controllers caused more flight disruptions Monday around the country as controllers braced for their first full missing...

edit post
Competitive rates and military-focused banking

Competitive rates and military-focused banking

by TheAdviserMagazine
October 27, 2025
0

Summary: Service Credit Union was founded in 1957 to support military personnel and their families at Pease Air Force Base...

Next Post
edit post
Advisor’s guide to managing client pessimism in bull market

Advisor's guide to managing client pessimism in bull market

edit post
How wealth management firms can scale growth

How wealth management firms can scale growth

  • Trending
  • Comments
  • Latest
edit post
77-year-old popular furniture retailer closes store locations

77-year-old popular furniture retailer closes store locations

October 18, 2025
edit post
Pennsylvania House of Representatives Rejects Update to Child Custody Laws

Pennsylvania House of Representatives Rejects Update to Child Custody Laws

October 7, 2025
edit post
What to Do When a Loved One Dies in North Carolina

What to Do When a Loved One Dies in North Carolina

October 8, 2025
edit post
Another Violent Outburst – Democrats Inciting Civil Unrest

Another Violent Outburst – Democrats Inciting Civil Unrest

October 24, 2025
edit post
Probate vs. Non-Probate Assets: What’s the Difference?

Probate vs. Non-Probate Assets: What’s the Difference?

October 17, 2025
edit post
California Attorney Pleads Guilty For Role In 2M Ponzi Scheme

California Attorney Pleads Guilty For Role In $912M Ponzi Scheme

October 15, 2025
edit post
Why West Coast Investors Are Turning to Midwestern Real Estate Notes

Why West Coast Investors Are Turning to Midwestern Real Estate Notes

0
edit post
More flight disruptions are hitting airports across the country due to a shortage of air traffic controllers

More flight disruptions are hitting airports across the country due to a shortage of air traffic controllers

0
edit post
The NBA Season is Back—These 8 Markets Are Cash Cows For Airbnbs

The NBA Season is Back—These 8 Markets Are Cash Cows For Airbnbs

0
edit post
The World Confronts the Genocide Washington Is Trying to Bury

The World Confronts the Genocide Washington Is Trying to Bury

0
edit post
Israel-US fares stay high despite return of foreign carriers

Israel-US fares stay high despite return of foreign carriers

0
edit post
BlackRock Ethereum ETF purchases .5M in ETH

BlackRock Ethereum ETF purchases $72.5M in ETH

0
edit post
BlackRock Ethereum ETF purchases .5M in ETH

BlackRock Ethereum ETF purchases $72.5M in ETH

October 28, 2025
edit post
The World Confronts the Genocide Washington Is Trying to Bury

The World Confronts the Genocide Washington Is Trying to Bury

October 28, 2025
edit post
Israel-US fares stay high despite return of foreign carriers

Israel-US fares stay high despite return of foreign carriers

October 28, 2025
edit post
Positive Breakout: These 11 stocks cross above their 200 DMAs – Upside Ahead?

Positive Breakout: These 11 stocks cross above their 200 DMAs – Upside Ahead?

October 27, 2025
edit post
Mamdani To Reform NYC – Wall Street Moves To Miami

Mamdani To Reform NYC – Wall Street Moves To Miami

October 27, 2025
edit post
Ethereum Price Prediction: ,300 Resistance Key as Institutions Add  M to ETH Treasuries

Ethereum Price Prediction: $4,300 Resistance Key as Institutions Add $78 M to ETH Treasuries

October 27, 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

  • BlackRock Ethereum ETF purchases $72.5M in ETH
  • The World Confronts the Genocide Washington Is Trying to Bury
  • Israel-US fares stay high despite return of foreign carriers
  • 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.