No Result
View All Result
SUBMIT YOUR ARTICLES
  • Login
Monday, November 17, 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
2 months 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
UN Security Council adopts US resolution on Trump’s Gaza plan

UN Security Council adopts US resolution on Trump’s Gaza plan

by TheAdviserMagazine
November 17, 2025
0

The UN Security Council on Monday voted to adopt a U.S.-drafted resolution endorsing President Donald Trump's plan to end the...

edit post
Trump promises to send ,000 tariff dividend checks ‘probably the middle of next year, a little bit later than that’

Trump promises to send $2,000 tariff dividend checks ‘probably the middle of next year, a little bit later than that’

by TheAdviserMagazine
November 17, 2025
0

President Donald Trump promised on Monday that his administration will begin issuing $2,000 “tariff dividend” checks to Americans around the...

edit post
This Cisco exec started at the 6 billion company 30 years ago after interviewing for the wrong gig. It inspired her to fight for entry-level jobs

This Cisco exec started at the $306 billion company 30 years ago after interviewing for the wrong gig. It inspired her to fight for entry-level jobs

by TheAdviserMagazine
November 17, 2025
0

That fear could end up being fortuitous. That was the case for Fran Katsoudas, Cisco’s chief people, policy, and purpose...

edit post
 Hedge fund billionaire Bill Ackman just dropped a four-word dating tip — and the internet is going crazy over it

 Hedge fund billionaire Bill Ackman just dropped a four-word dating tip — and the internet is going crazy over it

by TheAdviserMagazine
November 17, 2025
0

Somewhere in Stanford, California, an undergrad is telling his roommates that he landed a Friday night date because he tried...

edit post
SPY ETF: If The S&P Goes Lower, Look To Trade Put Options On This Fund

SPY ETF: If The S&P Goes Lower, Look To Trade Put Options On This Fund

by TheAdviserMagazine
November 17, 2025
0

After a rocky start, the S&P 500 has delivered an impressive year. From its April lows, the index has surged...

edit post
Itron buys Israeli startup Locusview for 5m

Itron buys Israeli startup Locusview for $525m

by TheAdviserMagazine
November 17, 2025
0

US smart energy and water solutions company Itron (Nasdaq: ITRI) has announcerd the acquisition of Israeli startup Locusview for...

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
7 States That Are Quietly Taxing the Middle Class Into Extinction

7 States That Are Quietly Taxing the Middle Class Into Extinction

November 8, 2025
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
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
Data centers in Nvidia’s hometown stand empty awaiting power

Data centers in Nvidia’s hometown stand empty awaiting power

November 10, 2025
edit post
8 States Offering Special Cash Rebates for Residents Over 65

8 States Offering Special Cash Rebates for Residents Over 65

November 9, 2025
edit post
This Cisco exec started at the 6 billion company 30 years ago after interviewing for the wrong gig. It inspired her to fight for entry-level jobs

This Cisco exec started at the $306 billion company 30 years ago after interviewing for the wrong gig. It inspired her to fight for entry-level jobs

0
edit post
Fed Governor Waller backs December rate cut as support for weakening labor market

Fed Governor Waller backs December rate cut as support for weakening labor market

0
edit post
Gov’t plans bank tax for mortgage relief even if rate falls

Gov’t plans bank tax for mortgage relief even if rate falls

0
edit post
MAGA Breaks on the Rocks of Hasbara

MAGA Breaks on the Rocks of Hasbara

0
edit post
Stablecoins Move Into the Mainstream: What Institutions Expect Next

Stablecoins Move Into the Mainstream: What Institutions Expect Next

0
edit post
What Your YMCA Offers Seniors — But Doesn’t Advertise

What Your YMCA Offers Seniors — But Doesn’t Advertise

0
edit post
UN Security Council adopts US resolution on Trump’s Gaza plan

UN Security Council adopts US resolution on Trump’s Gaza plan

November 17, 2025
edit post
Bitcoin Social Dominance Hits 4-Month High: What It Means

Bitcoin Social Dominance Hits 4-Month High: What It Means

November 17, 2025
edit post
What Your YMCA Offers Seniors — But Doesn’t Advertise

What Your YMCA Offers Seniors — But Doesn’t Advertise

November 17, 2025
edit post
Fed Governor Waller backs December rate cut as support for weakening labor market

Fed Governor Waller backs December rate cut as support for weakening labor market

November 17, 2025
edit post
Trump promises to send ,000 tariff dividend checks ‘probably the middle of next year, a little bit later than that’

Trump promises to send $2,000 tariff dividend checks ‘probably the middle of next year, a little bit later than that’

November 17, 2025
edit post
*HOT* Canvas Photo Prints Deals: 8×8 for .55 shipped, plus more {Great Gift Idea!}

*HOT* Canvas Photo Prints Deals: 8×8 for $8.55 shipped, plus more {Great Gift Idea!}

November 17, 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

  • UN Security Council adopts US resolution on Trump’s Gaza plan
  • Bitcoin Social Dominance Hits 4-Month High: What It Means
  • What Your YMCA Offers Seniors — But Doesn’t Advertise
  • 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.