NYC politics
fromUnHerd
9 hours agoZohran Mamdani is pushing New York towards fiscal disaster
New York City's finances are severely strained, with spending outpacing revenue growth, leading to potential credit downgrades.
I'm incredibly proud of the firm and what we've accomplished in the last year. We had certainly, the year before, a historic year financially, and this year was also historic in being one of our best financial years in history.
"Our city advances when our workers can too. By connecting city workers to undergraduate and graduate educations, we're empowering the next generation of civil servants who act ambitiously, think creatively and believe firmly in government's ability to improve the lives of working people."
"The specific barrier is capital," says Lisa George, global head of the Macquarie Group Foundation. "Without access to capital, it's very hard to get social mobility and educational mobility in life."
Mamdani stated that the City Council's budget strategy effectively ensures this structural deficit will continue indefinitely, impacting vital city services and failing to solve deep financial problems.
The three-year commitment is rooted in the understanding that arts and culture are essential civic and economic infrastructure in Oregon. The foundation's $20 million commitment has grown to more than $23 million thanks to new donations and strategic grants.
Why do I get to be the runner, and these guys get to be the homeless guys on the corner? Why can't we all be runners? She didn't have an answer. It would've been easy to let that question dissolve with her footsteps. Most people would have. But Mahlum saw something in those men that others had missed.
The money will go to a St. Michael's Hospital research centre, as well as non-profit United Way Greater Toronto, to establish the Slaight Family Housing Lab a program that aims to put roofs over people's heads while providing wraparound services.
I've always thought it would be good to acquire an old warehouse in every town throughout the land and convert it into low-rent community workspaces for artists, local charities and small businesses getting off the ground. A kind of people's WeWork. What would others do with a humungous, but not unlimited, pile of dosh to benefit society? Roland Freeman, West Yorkshire Send new questions to nq@theguardian.com.
My reporting charts the changes the foundation has undergone since 2018, when Elizabeth Alexander, a noted poet, became its president. The nonprofit has become more and more openly political; in 2020, Alexander declared that Mellon would prioritize 'social justice in all of its grantmaking' going forward. Because Mellon is the country's largest humanities funder by several orders of magnitude, larger even than the federal government, this new direction has
To address the housing shortage, the city should make it cheaper for landlords to build new units. A public-private partnership where the city builds the shells of new apartment buildings and leases the interiors to landlords, who in turn develop and rent them to tenants, can increase supply and lower rents. Some estimate that the city needs 500,000 more housing units by 2032 to keep up with demand. Rental prices are skyrocketing because of this high demand and limited supply.
The order names a problem that anyone who has spent time in civic life recognizes. Too often, "community" is defined by the few who repeatedly show up or happen to be in the room. That is not because they care more, but because they have the time, flexibility, and familiarity with civic processes that many New Yorkers do not. When those voices are treated as synonymous with an entire district, our understanding of the public and consensus becomes distorted.
The change in the administration's tactics in Minneapolis is not a retreat. Instead, they are regrouping and planning another mode of attack, with the hopes that their repression might be met with resistance that is easier to control and contain. People who garner their relevancy and power through the dehumanization and oppression of others will do whatever it takes to cling to their soulless sense of self.
Over the years, I've worked as a consultant on numerous federal grant projects from the US Department of Agriculture and elsewhere that focused on local economic development and were granted to nonprofits serving their communities. But since the 2024 elections, the focus of my work-and that of the small New Mexico-based consulting firm, Prospera Partners, that I lead-has shifted to help nonprofits develop strategies to sustain themselves despite federal cuts in funding and to programs that once supported their work.
I've seen this before-many times, in fact. What you're describing is not unheard of in the nonprofit sector. Founder energy is one of the most powerful forces driving new missions into the world. It can also be one of the riskiest. Many organizations, especially those built from lived experience, passion, and necessity, begin with little more than a vision, a problem to solve.