INTERNACIONAL
Chicago knows what happens when Ken Griffin turns on a city, now Mamdani may find out

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There is no clearer example of what happens when billionaire Ken Griffin turns on a city than in Chicago — a blueprint that he’s now following in New York.
The Citadel founder is clashing with New York City Mayor Zohran Mamdani over taxes targeting the ultra-wealthy and intensifying crime, reviving the same tensions that drove him to pull his business and billions out of Chicago.
Griffin, worth about $50 billion according to Forbes, moved the firm’s global headquarters from Chicago to Miami in 2022, a departure that showed how quickly jobs, investment and influence can follow when a major financial player leaves.
The move marked Griffin’s break from Chicago, where he built one of the world’s most powerful hedge fund and market-making operations, which helped cement the city’s status as a global financial hub.
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Ken Griffin, founder of Citadel, moved the firm’s operations from Chicago to Florida in 2022, marking a major shift for one of the world’s most powerful hedge funds. (Krisztian Bocsi/Bloomberg via Getty Images)
The Windy City, which served as Citadel’s home for more than 30 years, has seen much of the firm’s workforce shift south, with the office go from roughly 1,300 employees to a few hundred and still shrinking.
«Asking people to leave Chicago for New York or Miami has not been hard,» Griffin said at a conference in New York on Oct. 6.
«Chicago, over the past six or seven years, has been engulfed in a series of problems,» he said, pointing to crime as one of the city’s most pressing challenges, along with broader economic and policy concerns weighing on employees’ willingness to stay.
BILLIONAIRE KEN GRIFFIN SAYS CITADEL’S CHICAGO EXODUS WAS ‘NOT HARD,’ CITES CRIME, TAXES
«I think the sad part of the story is how many people who had built lives in Chicago were willing to walk away from that and move to Miami or New York, just given the challenges that Illinois has faced,» he added.
For Chicago, the result has been a steady erosion of one of its most prominent corporate anchors — shrinking office space, relocating employees and the departure of a billionaire who once poured hundreds of millions into the city’s institutions and politics. It also meant fewer high-paying finance jobs downtown and the disappearance of a major civic and cultural benefactor.
That dynamic is now resurfacing in New York, where Griffin is locked in an escalating fight with Mamdani, echoing the early stages of his break with Chicago when Lori Lightfoot was mayor and JB Pritzker was governor of Illinois.
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On April 15, NYC Mayor Zohran Mamdani posted a video outside Ken Griffin’s Manhattan penthouse promoting a new «tax-the-rich» policy. (Spencer Platt/Aaron Schwartz/Bloomberg/Getty Images / Getty Images)
The dispute was sparked by Mamdani’s viral April 15 video promoting a proposed tax on second homes worth more than $5 million. Filmed outside Griffin’s 24,000-square-foot Central Park South penthouse — purchased for a record $238 million — the video singled out the hedge fund powerhouse by name.
«This is an annual fee on luxury properties worth more than $5 million, whose owners do not live full-time in the city. Like for this penthouse, which hedge fund CEO Ken Griffin bought for $238 million,» Mamdani said in the clip.
Griffin has since criticized the video as «creepy and weird» during a discussion at the Milken Institute Global Conference on April 6. He said he watched it three times.
Asked about Citadel’s plans for a $6 billion office tower at 350 Park Avenue, he said the firm is reassessing the project while doubling down on its expansion in Miami, which he called «unquestionably» the right choice.
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Citadel CEO Ken Griffin purchased the penthouse property at 220 Central Park South in 2019 for roughly $238 million. (Jeenah Moon/Bloomberg/Getty Image)
The clash highlights a widening divide between progressive ambitions in major cities and the financial leaders who help drive their economies.
It also raises a broader question: whether New York could follow a path similar to Chicago’s where a prolonged standoff between political leadership and one of its most powerful business figures ultimately ended in departure.
Meanwhile, Florida and other red states have branded themselves as business- and billionaire-friendly, welcoming high earners and balking taxes that would burden their empires.
chicago, new york city, taxes, zohran mamdani, chicagos crime wave
INTERNACIONAL
Argentinian flight instructor jumps to death from plane, 22-year-old student forced to land alone

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A flight instructor jumped to his death out of a small aircraft over Argentina, forcing the student pilot he was teaching to land the plane herself.
Leandro Andrés Bertazzo, 42, was on board a two-seat Cessna 150G on Saturday when he made the decision to jump out over the province of Córdoba, according to CNN, which cited its Argentinian affiliate TN.
«He made this tragic decision on board an aircraft with another person by his side,» Eduardo Álvarez, director of the Flying Parrot Córdoba flying school where Bertazzo worked, told TN. «It’s impossible to think about it or understand it, but the human mind is so complex.»
An undated photo of Leandro Andrés Bertazzo, a 42-year-old pilot who jumped to his death from a plane on Saturday, July 4 in Argentina. (Instagram/Leandro Bertazzo)
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Rosario, the 22-year-old student, later told authorities that Bertazzo told her, «You know what you have to do, carry on,» before taking off his gear, opening the door and leaping out, according to Álvarez.
Opening the door of a plane midair is incredibly difficult. Álvarez said it would be akin to trying to open the door of a car traveling 124 miles per hour.

Cessna 150m FRA150M climbing out after take-off with flaps deployed and hills behind. (aviation-images.com/Universal Images Group via Getty Images)
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Álvarez said that Rosario managed to land the plane safely, despite being in «complete shock.» There was no damage to the plane, according to TN.
Álvarez noted that Bertazzo had gone on a flight with another student earlier in the day.

A view from the main road of the flight school Bertazzo worked at, Flying Parrot Córdoba. (Google Maps)
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Álvarez also told TN that Bertazzo had visited a psychiatric institute, something that was only known by his family prior to his death.
Prosecutors in Córdoba will lead the investigation into Bertazzo’s death. The plane he jumped from is now in police custody.
world, south america, trending news
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INTERNACIONAL
Biden-era enviro rule accused of strangling truckers, squeezing Americans lands on Trump chopping block

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FIRST ON FOX: The Trump administration is proposing to slash Biden-era truck emissions regulations in a move officials say would save the trucking industry about $12 billion and ease supply chain costs that make everyday goods more expensive for Americans.
«Collectively, these savings will be passed on to American families through lower costs for food, household goods, and other products trucks deliver, while still maintaining strong environmental protections and ensuring clean air,» read the Environmental Protection Agency (EPA) press release first viewed by Fox News Digital.
The EPA has proposed changes to heavy-duty truck emissions rules that would save truckers an estimated $12 billion, including up to $6,000 per new truck, helping lower transportation costs and prices for American families.
The proposal would eliminate DEF-related engine deratements and speed restrictions for new highway engines and vehicles, as well as new nonroad engines and equipment, including farm machinery, replacing them with warning alerts so operators can keep working until repairs can be made safely.
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A combine harvester during a soybean harvest at a farm in Harvard, Illinois, Oct. 17, 2025. (Christopher Dilts/Bloomberg/Getty Images)
Previous policies «make delivering everything more expensive and so that’s going to all be passed on to the consumer as well. By making these trucks cheaper and more reliable, we are making sure that the supply chain stays as cheap as possible for the American people,» EPA air chief Aaron Szabo told Fox News Digital in an interview.
The proposal would also reduce costly emissions warranty requirements from the 2023 rule while keeping nearly 90% of the planned NOx emissions reductions and giving manufacturers more time and flexibility to meet the updated standards.
Szabo said the proposal addresses a major problem caused by DEF system failures, which can force trucks and farm equipment into «limp mode» by reducing their speed to just five miles per hour.
STEVE MOORE: POLITICIANS ARE BLAMING THE WRONG VILLAIN FOR AMERICA’S RISING FOOD PRICES

Trump’s White House dinner for farmers comes as the administration touts trade gains, tax relief and other policies affecting rural America. (Alex Wong/Getty Images)
He said with more than 200 possible failure codes, the deratements can leave truckers stranded on the side of the road and farmers losing hours—or even days—of productivity during critical work like harvesting.
«We’re both making the products more reliable and decreasing the impact from DEF. And we’re also bringing down the price of the whole supply chain by reducing the cost of these new trucks,» Szabo said.
Secretary of Agriculture Brooke Rollins told Fox News Digital in a statement that the issue has «shown the true cost of government overreach.»
AMERICA’S FAVORITE BEERS — AND THE JOBS TIED TO THEM — ARE AT THE CENTER OF A BREWING TRADE FIGHT

President Donald Trump walks past tractors as he arrives to participate in a roundtable on «American Agriculture» at Custer Farms in Chippewa Falls, Wisconsin (SAUL LOEB / AFP via Getty Images)
«Our rural communities rely on diesel powered engines to deliver their food, families, electricity, and so much more to where it needs to go. The billions in savings will directly benefit those who feed, fuel, and clothe our nation,» Rollins said.
The latest proposal follows Trump’s broader pledge to roll back Biden-era green regulations after he returned to office.
«We will terminate the Green New Deal, revoke the electric vehicle mandate, and unleash American energy,» Trump said in his inaugural speech.
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Szabo said the Biden administration tried to push Americans into electric trucks with rules it enforced.
«That’s what the Biden administration was doing. They were forcing people to not have choice anymore, taking away their freedom to choose what kind of vehicle and telling them you have to buy an electric vehicle,» he added.
Fox News Digital reached out to the Office of Joe Biden for comment.
regulation, trucks, economic policy, environment regulation
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