Why a ‘lukewarm’ endorsement from Wall Street is an unexpected victory for Zohran Mamdani

Zoran Mandani is the 33-year-old state lawmaker running for New York City mayor who's recently swept the city's Democratic primary. The self-declared Democratic socialist came from behind by campaigning hard on affordability or lack thereof in America's most expensive city. If elected, he promises to institute a city-wide rent freeze to increase affordable housing, to provide free buses and free child care, among other things. All of it paid for with new taxes on the city's wealthy and large corporations. T ...