From Bloomberg Markets and Finance.

After this week’s democratic primary election for New York City mayor, Wall Street has more questions than answers. Partnership for New York’s President and CEO Kathryn Wylde says the disconnect between Wall Street and Zohran Mamdani’s supporters explains the attractiveness of progressive policies in a city that symbolizes capitalism. Harvard Economist Ed Glaeser has studied the success and failure of democratic socialist ideals in cities across the United States and warns that New York is facing a "maximally risky moment."
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