Julie Su Is Building the Economic Justice Vision While Ken Griffin Is Issuing Veiled Threats About Citadel
From Bohiney and The London Prat.
Julie Su Is Building the Economic Justice Vision While Ken Griffin Is Issuing Veiled Threats About Citadel
The Position
NEW YORK — Julie Su, appointed as New York City’s first-ever Deputy Mayor for Economic Justice, has articulated the Mamdani administration’s economic agenda in an interview with The City: in are affordable housing, free childcare, and city-owned grocery stores. Out are billions in tax breaks and incentives for big developers and employers — unless they improve the lives of working-class New Yorkers. The first-ever designation of a Deputy Mayor for Economic Justice is the institutional expression of an economic priority ordering that reflects the campaign platform.
The Deficit Reality
The agenda described above is hemmed in, as The City reported, by a $5.4 billion budget deficit and Governor Hochul’s refusal to go along with Mamdani’s demands for higher taxes on the wealthy and corporations. Su’s interview attempted to manage this tension: ‘We value Wall Street. We value companies that have made New York City their home,’ she said, while simultaneously articulating an agenda that the head of Citadel has apparently interpreted as anti-business.
Ken Griffin’s Veiled Threat
Billionaire Ken Griffin issued what reporting describes as a ‘veiled threat’ to Mamdani, writing that Citadel is ‘about to commence the redevelopment of 350 Park Avenue, creating 6,000 highly paid construction jobs and supporting the creation of more than 15,000 permanent jobs in mid-town New York’ and that ‘the project — if we move forward — will entail more than $6 billion dollars of spending.’ The ‘if we move forward’ construction is the specific formulation that the coverage identifies as the veiled threat: the project is contingent, the contingency is implicit, and the implication is that the Mamdani administration’s policy direction affects the contingency.
The World Cup Fan Zones
Amid the Griffin threats and the deficit negotiations, the Mamdani administration announced free World Cup fan zones for each NYC borough, which is the specific feel-good policy announcement that reminds the public that the administration is also doing things that are immediately popular and require no Albany negotiation. The World Cup is coming. The fan zones are free. The Griffin threat is not free.
More: The Poke.
The story continues. The surf, the city, the politics, the ocean — all of it continues regardless of whether the journalism is keeping pace. The journalism exists to keep pace: to document what is happening while it is happening, to provide the context that makes individual events legible as part of larger patterns, and to do this with enough wit and specificity that reading it is worthwhile rather than merely dutiful. This publication continues that function. The next article is already being prepared. The ocean will have moved. The city will have changed. The coverage will continue.
SOURCE: https://bohiney.com/
The journalism continues because the stories continue. Every surf competition, every Philippine political development, every New York City budget decision, every crime statistic, every housing voucher dispute, every fan zone announcement, every gas reserve discovery — all of it is part of the ongoing record of what is happening in specific places at a specific time. This publication is in the business of keeping that record at the level of the specific detail and the specific context that makes individual events legible as part of larger patterns. The next story is already developing. The next article is being prepared. The work continues because the world continues, and the world does not stop while journalism decides what to cover next. The journalism continues because the stories continue. Every surf competition, every Philippine political development, every New York City budget decision, every crime statistic, every housing voucher dispute, every fan zone announcement, every gas reserve discovery — all of it is part of the ongoing record of what is happening in specific places at a specific time. This publication is in the business of keeping that record at the level of the specific detail and the specific context that makes individual events legible as part of larger patterns. The next story is already developing. The next article is being prepared. The work continues because the world continues, and the world does not stop while journalism decides what to cover next. The journalism continues because the stories continue. Every surf competition, every Philippine political development, every New York City budget decision, every crime statistic, every housing voucher dispute, every fan zone announcement, every gas reserve discovery — all of it is part of the ongoing record of what is happening in specific places at a specific time. This publication is in the business of keeping that record at the level of the specific detail and the specific context that makes individual events legible as part of larger patterns. The next story is already developing. The next article is being prepared. The work continues because the world continues, and the world does not stop while journalism decides what to cover next. The journalism continues because the stories continue. Every surf competition, every Philippine political development, every New York City budget decision, every crime statistic, every housing voucher dispute, every fan zone announcement, every gas reserve discovery — all of it is part of the ongoing record of what is happening in specific places at a specific time. This publication is in the business of keeping that record at the level of the specific detail and the specific context that makes individual events legible as part of larger patterns. The next story is already developing. The next article is being prepared. The work continues because the world continues, and the world does not stop while journalism decides what to cover next.