Independent thinking for complex markets and current events
The House Rules Committee on Monday opted against voting on a short-term spending bill that would avert a government shutdown, setting the stage for a scenario in which House Speaker Mike Johnson (R-La.) will need to rely on Democrats to pass the contentious measure. Johnson’s three month continuing resolution, which would keep the government funded …
New York City Mayor Eric Adams has reversed a plan to give abandoned luxury Harlem a condominium complex to migrants after significant community outcry. “Adams’ change of heart came during a surprise appearance at a St. Nicholas House Resident Association meeting packed with dozens of residents furious over the city’s plan for a building development …
In a case that promises to utterly upend New York politics — and boost the city’s housing market — the Supreme Court may soon strike down the essence of the rent control laws. Local politicians love nothing more than to gesture on behalf of cheaper housing, as with the City Council bill aiming to force landlords to pay broker …