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New York City is about to test Mamdani’s progressive economic vision
New York City braces for Mamdani’s inauguration
Psychotherapist Jonathan Alpert joins ‘The Sunday Briefing’ to discuss New York City’s mental preparation for Zohran Mamdani to officially take office and how Americans can stick to their New Year’s resolutions.
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With nearly 9 million residents and the world’s largest financial hub, New York City is about to test a progressive economic vision under Mayor-elect Zohran Mamdani.
Proposals such as free buses, city-owned grocery stores and rent freezes have already rattled Wall Street, prompting sharp criticism from Mamdani’s critics. The clash underscores a widening divide between progressive ambitions for the city and the financial sector that has long powered its economy.
Affordability sits at the center of Mamdani’s agenda as he prepares to run America’s largest city. Here’s a breakdown of how he plans to address it.
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City-owned grocery stores
Mamdani has proposed a network of city-owned grocery stores to address rising food prices. (Charly Triballeau/AFP/Getty Images)
Mamdani has committed to creating a «network of city-owned grocery stores focused on keeping prices low, not making a profit.»
«Without having to pay rent or property taxes, they will reduce overhead and pass on savings to shoppers. They will buy and sell at wholesale prices, centralize warehousing and distribution, and partner with local neighborhoods on products and sourcing,» Mamdani has promised.
The mayor of New York City has control over city-run programs, so he can accomplish this goal by securing New York City Council approval.
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Billionaire John Catsimatidis, owner of Gristedes and D’Agostino’s, the largest independent supermarket chain in New York City, has previously said he would consider moving his corporate office out of New York following a Mamdani win.
Atlanta Mayor Andre Dickens has launched a similar pilot program, opening a city-owned grocery store in a neighborhood long classified by the U.S. Department of Agriculture as a low-income, low-access food desert.
Free bus rides
The Metropolitan Transportation Authority is a state-run agency, so the mayor of New York City does not have direct control over it. (Michael Nagle/Bloomberg/Getty Images)
Mamdani has vowed to «permanently eliminate the fare on every city bus and make them faster by rapidly building priority lanes, expanding bus queue-jump signals and dedicated loading zones to keep double parkers out of the way.»
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This proposal would require coordination with the Metropolitan Transportation Authority (MTA). MTA is a state-run agency which the mayor of New York City does not have direct control over.
According to City & State New York, Mamdani’s free bus fare promise would require an additional expense, possibly more than $700 million. It’s unclear how Mamdani plans to pay for the additional fee.
Raising the minimum wage to $30 by 2030
One of the more ambitious plans is to raise the city’s minimum wage to $30 by 2030. (Adam Gray/Bloomberg/Getty Images)
Additionally, Mamdani has said he wants to raise the minimum wage to $30 an hour in the next four years.
«After that, the minimum wage will automatically increase based on the cost of living and productivity increases,» Mamdani claims on his campaign website.
MAMDANI’S RISE IN NYC MIRRORS ECONOMIC FLIGHT TO THE SOUTH, STUDY SHOWS
By allowing the City Council to create its own minimum wage law, Mamdani has proposed a way to raise the minimum wage in New York City without the state’s approval. But a state-level increase is unlikely.
Free childcare
It is unclear how Mamdani will finance this specific proposal of free childcare for New Yorkers. (Ryan Murphy/Getty Images)
Mamdani has also campaigned to provide every New York family that has a child up to 5 years old with free childcare.
It is unclear how he will finance this proposal, which experts estimate could cost billions of dollars annually.
He has previously floated a tax increase on the wealthiest New Yorkers and corporations to pay for the increased services, which would require state-level approval.
Freeze the rent
Experts warn that freezing rent for rent-stabilized apartments could drive up costs for other renters. (Michael Nagle/Bloomberg/Getty Images)
Mamdani has pledged to freeze rents for tenants in rent-stabilized apartments and expand affordable housing using city resources.
While a rent freeze may sound like a straightforward fix to New York City’s affordability crisis, housing experts warn it could backfire by discouraging investment and pushing rents higher in non-stabilized units.
ACKMAN SAYS MAMDANI ‘RIGHT ON PROBLEM, WRONG ON FIX’ IN NYC HOUSING DEBATE
New York Apartment Association CEO Kenny Burgos said the policy could deter developers. «I don’t know any investor or builder who would want to build in a city where the mayor is threatening to cap revenues,» Burgos told FOX Business.
Ed Elson, a business analyst and co-host of the «Prof G Markets» podcast, echoed that concern, saying rent freezes undermine supply. «Paradoxically, they disincentivize construction, which causes rents elsewhere to rise,» he said, calling the policy «too good to be true.»
Taxing corporations and NYC’s 1%
Mamdani has floated taxing the wealthiest New Yorkers to help finance some of his economic agenda. (Michael Nagle/Bloomberg/Getty Images)
Mamdani said he would fund his programs through a «revenue plan» that would «raise the corporate tax rate to match New Jersey’s 11.5%, bringing in $5 billion. And he will tax the wealthiest 1% of New Yorkers, those earning above $1 million annually, a flat 2% tax.»
While Mamdani has certainly done the math, a plan like this requires approval from the state legislature and the signature of the governor.
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New York Gov. Kathy Hochul has voiced her opposition to tax hikes, which could create some hurdles for Mamdani’s marquee campaign promise.
FOX Business’ Daniella Genovese contributed to this report.
zohran mamdani,new york city,taxes
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Russia sentences American to 4 years for allegedly trying to take Kalashnikov rifle stocks: report
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An American was sentenced Tuesday to four years in jail in Russia for allegedly trying to fly out of an airport in Moscow with the stocks of Kalashnikov assault rifles in his suitcase, a report said.
The unnamed U.S. citizen, who collects Kalashnikov weapons, did not make a customs declaration after purchasing two stocks and checking a suitcase containing the items at Moscow’s Vnukovo airport, Reuters reported, citing the RIA Novosti state news agency.
He later was found guilty under an article of Russian criminal code relating to the smuggling of weapons, it added.
Fox News Digital has reached out to the State Department for comment.
RUSSIA UPS JAIL SENTENCE OF US CITIZEN TO 10 YEARS FOR BEATING PRISON STAFF
AK-47 rifles are seen during a training session at a shooting range outside of Kyiv, Ukraine, on the left, in July 2023. On the right are passenger jets at Moscow’s Vnukovo airport. An American reportedly was jailed after trying to transport Kalashnikov rifle stocks in a suitcase at the airport. (STR/NurPhoto via Getty Images; Andrey Rudakov/Bloomberg via Getty Images)
Russian state media is also claiming the American partially admitted guilt, according to Reuters.
The State Department warns Americans not to travel to Russia «for any reason due to terrorism, unrest, wrongful detention and other risks.»
CHINA PLEDGES AID TO UKRAINE AS US OFFICIALS WARN BEIJING IS QUIETLY FUELING RUSSIA’S WAR
A Kalashnikov of a Ukrainian soldier participating in shooting training is seen in Donetsk region of Ukraine on July 31, 2024. (Jose Colon/Anadolu via Getty Images)
«The U.S. Embassy in Moscow has limited ability to assist in the case of a detention of a U.S. citizen. There is no guarantee that the Russian government will grant the U.S. Embassy consular access to detained U.S. citizens,» the State Department said. «U.S. citizens may serve their entire prison sentence without release. The risk of wrongful detention of U.S. citizens remains high. Even if a case is determined wrongful, there is no guarantee of release.»
A terminal at Vnukovo International Airport in Moscow, Russia, in August 2023. (Maxim Shemetov/Reuters)
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«Russian officials often question and threaten U.S. citizens without reason. Russian security services have arrested U.S. citizens on false charges,» it added. They have denied them fair treatment and convicted them without credible evidence. Russian authorities have opened questionable investigations against U.S. citizens for their religious activities.»
russia,crime,state department,world
El presidente iraní, Masoud Pezeshkian, afirmó que su país está dispuesto a que haya una verificación de que no busca dotarse de armas atómicas, coincidiendo con el ciclo de negociaciones con Estados Unidos sobre el programa nuclear.
«No estamos buscando en absoluto tener armas nucleares», declaró Pezeshkian en una entrevista publicada este martes. «Si alguien quiere verificarlo, estamos dispuestos a que se lleve a cabo dicha verificación».
Irán y Estados Unidos mantuvieron este martes unas breves negociaciones, en las que no hablaron directamente, sino que se intercambiaron mensajes a través de Omán, en su papel de mediador, y tras las cuales la vía diplomática se mantiene abierta en la búsqueda de un acuerdo sobre el programa nuclear iraní.
Al término del encuentro, el ministro de Exteriores de Irán, Abás Araqchí, declaró que se había logrado «un buen progreso respecto a la sesión anterior» (hace veinte días), que en esta ocasión el ambiente fue «más constructivo e incluso se refirió a avances sobre «una serie de principios rectores», según los cuales se redactará un posible borrador de acuerdo.
«Tenemos una decisión más clara sobre qué acciones deben tomarse», declaró, sin ofrecer detalles de lo conversado.
Más optimismo aún mostró el ministro de Asuntos Exteriores de Omán, Badr bin Hamad al Busaidi, que hizo de mediador y quien habló de «buenos avances» en la identificación de «objetivos comunes» y de «cuestiones técnicas relevantes».
A través de una declaración por redes sociales, el ministro omaní también se refirió a los esfuerzos que se hicieron para definir los principios a los que se refirió su homólogo iraní, aclarando siempre que queda mucho camino por andar y que habrá otra reunión próximamente.
La figura del director general del Organismo Internacional de la Energía Atómica (OIEA), Rafael Grossi, tomó relevancia en esta segunda ronda de las negociaciones, que se reanudaron tras los ataques de Estados Unidos contra tres instalaciones nucleares iraníes el pasado junio, en una operación conjunta con Israel.
Grossi, quien es candidato a ser secretario general de la ONU, se reunió el lunes con Araqchí, y hoy mismo lo hizo con la delegación estadounidense, que han liderado el enviado especial de la Casa Blanca, Steve Witkoff; y Jared Kushner, yerno del presidente Donald Trump.
En una comparecencia horas después en la Conferencia de Desarme de la ONU, reunida en la sede europea de la organización en Ginebra, Araqchí ofreció algunas claves de lo abordado con Grossi cuando, tras denunciar los ataques estadounidenses de mediados de 2025, dijo que en la actualidad «no existen modalidades» que hagan posible la inspección de las instalaciones afectadas por parte de la OIEA.
«Esas instalaciones requieren un marco acordado mutuamente entre Irán y la agencia. Esto es algo en lo que estamos trabajando», reveló el ministro en ese momento y mostró la disposición de Irán a responder a algunas de las exigencias de Estados Unidos.
Aunque no se sabe con certeza en qué condiciones se encuentran esas plantas, informes de organismos internacionales apuntan a que sufrieron daños significativos.
Sin embargo, durante la jornada también hubo mensajes duros -implícitos y explícitos- de Irán con respecto a Estados Unidos, a su forma de negociar y a sus exigencias, al tiempo que le recomendó actuar con prudencia en relación a sus amenazas de atacar militarmente si el régimen iraní no se pliega a sus exigencias.
A este respecto, Araqchí dijo en la ONU que en caso de que EE.UU. le agreda, su respuesta «no se limitará a sus fronteras», mientras que desde Teherán se anunciaba el cierre durante varias horas para maniobras navales de partes del estrecho de Ormuz, una vía marítima muy importante geopolítica y comercialmente.
Trump ha manifestado su interés por resolver la cuestión nuclear iraní -tras señalar que estaría involucrado a distancia en las negociaciones de hoy-, en particular después de la violenta represión armada de las manifestaciones multitudinarias que tuvieron lugar en las primeras semanas de este año en Irán y en las que murieron miles de personas.
Estados Unidos junto con los otros cuatro países del Consejo de Seguridad de la ONU, más Alemania, alcanzó en 2015 un acuerdo sobre el programa nuclear iraní, el cual establecía medidas para garantizar que se adecuara únicamente a fines civiles a cambio del alivio de sanciones, pero Trump retiró a su país del mismo en 2018, durante su primer mandato.
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Obama dragged for ‘headache’-inducing presidential center update that has visitors squinting
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Former President Barack Obama’s presidential center in Chicago is again coming under scrutiny for its architectural design — this time leaving locals scratching their heads over confusing text wrapped around the top of the building.
«I’m outside the Obama Center museum tower right now,» Chicago Sun-Times architecture critic Lee Bay posted to X Monday, sparking a deluge of mockery from locals and conservatives.
«The new letters — an excerpt from Obama’s Selma speech — are tough read to me, giving off the lorem ipsum vibes,» he added, referring to placeholder «dummy» text frequently used in graphic design templates to fill space with scrambled Latin.
Obama’s presidential center — which includes a library, athletic facilities, a museum and more — is slated to open in June after years of delays that included lawsuits and federal reviews of opening the 20-acre campus on Chicago’s South Side.
OBAMA PRESIDENTIAL CENTER SLAMMED FOR PROMOTING ‘FAR-LEFT’ AGENDA ON PUBLIC LAND
The text of former President Obama’s speech marking the 50th anniversary of «Bloody Sunday» in Selma, Alabama, is wrapped around the side of the upcoming presidential center in Chicago. (E. Jason Wambsgans/Chicago Tribune/Tribune News Service via Getty Images)
The construction includes a 225-foot museum tower with the text of Obama’s 2015 speech in Selma, Alabama, marking the 50th anniversary of Bloody Sunday, when civil rights demonstrators were met with violent resistance from local law enforcement in a watershed moment that helped galvanize support for the 1965 Voting Rights Act.
OBAMA PRESIDENTIAL CENTER JOB LISTINGS PUSH ‘ANTI-RACISM’ PLEDGE AHEAD OF OPENING
The text of Obama’s speech, inscribed on the upper echelon of the tower, reads: «You are America. Unconstrained by habit and convention. Unencumbered by what is, ready to seize what ought to be. For everywhere in this country, there are first steps to be taken, there is new ground to cover, there are more bridges to be crossed. America is not the project of any one person. The single most powerful word in our democracy is the word ‘We.’ ‘We The People.’ ‘We Shall Overcome.’ ‘Yes We Can.’ That word is owned by no one. It belongs to everyone. Oh, what a glorious task we are given to continually try to improve this great nation of ours.»
Critics of the building had a field day on X in response to the building update, including one user comparing it to a «Klingon prison» in a nod to «Star Trek,» while others lampooned the alleged inability to read the text of the building.
«What don’t you understand about,» Targeted Victory vice president Logan Dobson posted. «YOU ARE AMERICA ED BY HABILAND UNENCUMBERED ADY TO SEIZE WE,» he continued, mocking the confusing lay out of the text.
OBAMA PRESIDENTIAL CENTER BREAKS SILENCE OVER CONTROVERSIAL BUILDING DESIGN
Former President Barack Obama’s presidential center in Chicago is facing mounting scrutiny over a speech inscription on the building that has left viewers confused. (Jeff Swensen/Getty Images)
«The dyslexic in me is not amused,» journalist and columnist Salena Zito posted.
«He put his own speech on the outside of his library?» one user posted. «Find yourself someone who loves you like Obama loves himself.»
«I gave up after developing a headache three lines from the top,» one user posted.
PROTESTERS RAGED, CRITICS MOCKED — NOW OBAMA SAYS HIS LIBRARY’S ACTUALLY OPENING
«It looks like a WW2-era German anti-aircraft tower,» another posted.
Former First Lady Michelle Obama gives her remarks during the groundbreaking ceremony of the Obama Presidential Center in Chicago, Sept. 28, 2021. (Sebastian Hidalgo/Reuters)
«I noticed when I was in the air that the sentences wrap around the west and south sides of the building, and looks decent in a very specific spot on the ground or very good from the air…but like that’s not an ideal design in my opinion,» a Chicago photojournalist posted to X.
Other users didn’t take issue with the campus itself, but remarked how the construction is gentrifying the South Side.
«It actually does look good,» one user posted. «Love or hate the guy, at least the presidential library will have a nice park for people to walk through. I get the whole blue vs red thing. But right now the main problem seems to be the gentrification and house price increases in the neighbourhood.»
The main tower of the Obama Presidential Center rises above Jackson Park in Chicago as construction continues on the privately run campus. (Fox 32 Chicago)
The text inscription was preparing for installation at the end of 2025, according to the Obama Foundation’s website.
«At the Museum Building, crews are preparing support structures ahead of the installation of screen text taken from President Obama’s speech «You Are America,» which marked the 50th anniversary of the Selma to Montgomery marches,» the Obama Foundation said in its year-end recap on construction for 2025.
The Obama Foundation has celebrated the center repeatedly since it was first announced more than a decade ago, describing it ahead of its opening as «a lively community hub, economic anchor, and beacon of democracy right here on the South Side of Chicago.»
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The campus has come under scrutiny from locals over gentrification concerns and over its Brutalist-style of architecture, a post-war-era style popularized in the 1950s known for its modular and minimalist designs. For locals in Chicago, they’ve dubbed the building the «The Obamalisk,» according to the New York Post, in a jab at the Brutalist-inspired design.
Fox News Digital reached out to the Obama Foundation for additional comment Tuesday morning.
barack obama,michelle obama,white house,chicago
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