No Result
View All Result
SUBMIT YOUR ARTICLES
  • Login
Thursday, May 7, 2026
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
8 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
eBay bans GameStop CEO’s account after he listed store signs to fund his  billion eBay offer

eBay bans GameStop CEO’s account after he listed store signs to fund his $56 billion eBay offer

by TheAdviserMagazine
May 7, 2026
0

Apparently every dollar counts in GameStop’s $56 billion effort to acquire eBay.  GameStop’s CEO, Ryan Cohen, already has a $20...

edit post
Tata and JSW near bn bet on domestic EV research

Tata and JSW near $1bn bet on domestic EV research

by TheAdviserMagazine
May 7, 2026
0

India's Tata Group and JSW Group are collectively directing nearly $1bn towards independent electric-vehicle (EV) and battery research, as domestic...

edit post
Addiction, emotional distress and dread of dull tasks: AI models ‘behave as though’ they’re sentient

Addiction, emotional distress and dread of dull tasks: AI models ‘behave as though’ they’re sentient

by TheAdviserMagazine
May 7, 2026
0

ChatGPT probably tells you that it’s “happy to help.” Claude apologizes when it makes mistakes. AI models push back when...

edit post
Trafigura to build new aluminium smelter in Egypt

Trafigura to build new aluminium smelter in Egypt

by TheAdviserMagazine
May 7, 2026
0

Trafigura has signed a term sheet with the Egyptian Aluminium Company (Egyptalum) and Metallurgical Industries Holding (MIH) to establish a...

edit post
Dabur Q4 Results: Cons PAT rises 15% YoY to Rs 369 crore, revenue up 7%; Rs 5.50 per share dividend announced

Dabur Q4 Results: Cons PAT rises 15% YoY to Rs 369 crore, revenue up 7%; Rs 5.50 per share dividend announced

by TheAdviserMagazine
May 7, 2026
0

FMCG major Dabur India reported a consolidated net profit at Rs 369 crore in the March-ended quarter versus Rs 320...

edit post
Treasury expected to borrow  trillion this year—more than 6 billion every month

Treasury expected to borrow $2 trillion this year—more than $166 billion every month

by TheAdviserMagazine
May 7, 2026
0

The U.S. Treasury will likely have borrowed more than $2 trillion by the end of the fiscal year, according to...

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
Gavin Newsom issues ‘final warning’ amid California’s dire housing crisis — what’s at stake for millions of residents

Gavin Newsom issues ‘final warning’ amid California’s dire housing crisis — what’s at stake for millions of residents

May 3, 2026
edit post
Florida Warning: With Senior SNAP Benefits Averaging 8/Month, Thousands Risk Losing Assistance in 2026

Florida Warning: With Senior SNAP Benefits Averaging $188/Month, Thousands Risk Losing Assistance in 2026

April 27, 2026
edit post
Minnesota Wealth Tax | Intangible Personal Property Tax

Minnesota Wealth Tax | Intangible Personal Property Tax

May 6, 2026
edit post
10 Cheapest High Dividend Stocks With P/E Ratios Under 10

10 Cheapest High Dividend Stocks With P/E Ratios Under 10

April 13, 2026
edit post
Exclusive: America’s largest Black-owned bank launches podcast with mission to unlock hidden shame holding back generational wealth

Exclusive: America’s largest Black-owned bank launches podcast with mission to unlock hidden shame holding back generational wealth

April 29, 2026
edit post
NYC Mayor Mamdani knocked Ken Griffin in pied-a-terre tax promo. His firm calls the move ‘shameful’

NYC Mayor Mamdani knocked Ken Griffin in pied-a-terre tax promo. His firm calls the move ‘shameful’

April 23, 2026
edit post
eBay bans GameStop CEO’s account after he listed store signs to fund his  billion eBay offer

eBay bans GameStop CEO’s account after he listed store signs to fund his $56 billion eBay offer

0
edit post
Trump Ends Federal Foreclosure Protection Measures—Prepare For a Wave of Deals to Hit the Market

Trump Ends Federal Foreclosure Protection Measures—Prepare For a Wave of Deals to Hit the Market

0
edit post
Chart of the Week: Big Tech Isn’t as Big as You Think

Chart of the Week: Big Tech Isn’t as Big as You Think

0
edit post
*HOT* Luxury Towel Warmer only  shipped!

*HOT* Luxury Towel Warmer only $49 shipped!

0
edit post
Stop Fundraising Like It’s 2021: The Bootstrapped Hybrid Model Is Quietly Winning

Stop Fundraising Like It’s 2021: The Bootstrapped Hybrid Model Is Quietly Winning

0
edit post
Trump small business loans: the  billion clawback

Trump small business loans: the $22 billion clawback

0
edit post
eBay bans GameStop CEO’s account after he listed store signs to fund his  billion eBay offer

eBay bans GameStop CEO’s account after he listed store signs to fund his $56 billion eBay offer

May 7, 2026
edit post
*HOT* Luxury Towel Warmer only  shipped!

*HOT* Luxury Towel Warmer only $49 shipped!

May 7, 2026
edit post
Tata and JSW near bn bet on domestic EV research

Tata and JSW near $1bn bet on domestic EV research

May 7, 2026
edit post
Ethereum Price Slips as ETH Whales Offload Holdings, What’s Next?

Ethereum Price Slips as ETH Whales Offload Holdings, What’s Next?

May 7, 2026
edit post
Chart of the Week: Big Tech Isn’t as Big as You Think

Chart of the Week: Big Tech Isn’t as Big as You Think

May 7, 2026
edit post
12 Government Benefits You Didn’t Know You Qualify For After 60

12 Government Benefits You Didn’t Know You Qualify For After 60

May 7, 2026
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

  • eBay bans GameStop CEO’s account after he listed store signs to fund his $56 billion eBay offer
  • *HOT* Luxury Towel Warmer only $49 shipped!
  • Tata and JSW near $1bn bet on domestic EV research
  • 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.