Mamdani wins New York as Democratic electoral sweep deals blow to Trump
Zohran Mamdani, a democratic socialist who seized on discontent with the high cost of living, was elected New York City mayor on Tuesday, as Democrats swept elections across the US in a rebuke to Donald Trump and his Republican party.
The Democratic victories came 10 months into the US president’s second term — and offer a warning that American voters remain dissatisfied with inflation and Trump’s troubles in bringing it under control.
With one year until next year’s midterms, Tuesday’s results will energise a Democratic party that has struggled to mount effective opposition to Trump and his Maga agenda.
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Wall Street offers cautious support to NY mayor-elect Zohran Mamdani
New York’s financial elite have offered cautious support to Zohran Mamdani after the Muslim democratic socialist won the city’s mayoral election after a record voter turnout.
Many on Wall Street have viewed the 34-year-old Queens assemblyman with suspicion for his criticism of the moneyed class in a city where finance and real estate titans loom large, and for his pledges to impose additional income tax on salaries over $1mn.
But in the final weeks before the election, Mamdani intensified his courtship of New York’s business class, attending a series of meetings with chief executives as he sprinted towards what appeared to be an inevitable victory.
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Comment: Mamdani evokes range of political figures in victory speech
There was an interesting range of references in Zohran Mamdani’s victory speech tonight. To Eugene Debs, who ran five times for the American presidency as a socialist, winning 900,000 votes in a four-way race in 1912. To Jawaharlal Nehru, the first prime minister of post-independence India. To Fiorello La Guardia, mayor of New York City between 1934 and 1946, nominally a Republican but who, in the words of the historian Joshua Freeman, governed “like a socialist”. And finally, though he didn’t mention him by name, to Andrew Cuomo’s father Mario, who said that you “campaign in poetry” but “govern in prose”.