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AMERICA IS BECOMING MORE SOCIALIST

08/11/2025 08:52 am MYT

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New York state Assembly member Zohran Mamdani's victory as New York city's next mayor over former governor Andrew Cuomo and Republican candidate Curtis Sliwa capped an astonishing campaign by a 34-year-old who was polling at 1% in Jan 2025. Mamdani defeated the 67-year-old scion of a political dynasty and crashed onto the national political scene with a stunning upset over former New York Gov. Andrew Cuomo in Jun's Democratic primary.

"I will wake up each morning with a singular purpose: To make this city better for you than it was the day before," Mamdani promised New Yorkers in his victory speech. 

His campaign was packed with big policies aimed at lowering the cost of living for everyday New Yorkers, from free child care, free buses to a rent freeze for people living in rent-regulated apartments and new affordable housing - much of it funded by raising taxes on the wealthy.


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Note from Publisher

i Capital will pause its publication for one issue in the week beginning 10 Nov. However, www.icapital.biz will be updated as usual and the operating hours of our Kuala Lumpur office will remain unchanged. Volume 37, number 14 of i Capital will henceforth be dated 20 Nov – 26 Nov 2025.

 

As the US and China reached a trade pause following meetings of the two countries’ senior officials in Kuala Lumpur and presidents in South Korea, trade tensions between the world’s two largest economies have eased significantly, for now. As Malaysia has also signed a trade deal with the US, it appears that there will be more stability going forward. However, with Donald Trump at the helm, one can never be sure that things will be back to normal. 

 

One needs to be prepared for all possibilities. In the 2025 Investor Day on 15-16 Nov at the KLCC, Capital Dynamics has painstakingly assembled about a dozen experts of various fields to share and discuss critical semicon industry and global trade issues. In other words, contents of the 2025 Investor Day are useful not only to business people and investors, but ordinary folks as well. In fact, for this year’s Investor Day, Capital Dynamics has put in a lot of efforts to get local university students to participate. If you have still not registered to attend the Asia’s most innovative investment event, you need to hurry up because space is running out fast.

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