Executive, Raymond J. McGuire says he would be leaving his position as the vice chairman at Citigroup to join the Democratic Nomination next year.
During the pandemic, business leaders in New York have been eager for one of their peers to run for mayor.
Now, one of the highest-ranking and longest-serving Black executives on Wall Street has announced his intentions to run for Mayor.
On Thursday, Executive, Raymond J. McGuire, said he would be leaving his position as the vice chairman at Citigroup to join the growing field of candidates who are seeking the Democratic nomination next year.
Mr. McGuire is well known in the financial world, but as political newcomer he will need to make inroads with voters, according to my colleague, Jeffery C. Mays, who covers local politics.
According to an interview with Emma G. Fitzsimmons, the New York City Hall bureau chief, McGuire seems like a really interesting candidate and could speak to voters who want someone with business experience and who want to elect the second Black mayor in the city’s history.
After the #BlackLivesMatter protests this year, some Democrats believe the city doesn’t need another white man as mayor. But the progressive wing of the party also has a lot of power right now, and they might think Mr. McGuire is too conservative. They might be skeptical of him since he is an executive who has worked with big corporations.
However, the two elected officials – the front-runners in the race who are viewed as leading candidates are Eric Adams, the Brooklyn borough president, and Scott M. Stringer, the city comptroller.
Mr. Adams did a “back to work” subway ride this week to urge New Yorkers to return to the system, and he’s Black and a former police officer, so he talks a lot about criminal justice issues.
Mr. Stringer has been trying to establish himself as one of the most progressive candidates in the race, and he emphasizes his knowledge of fiscal matters.
The pandemic and the city’s economic crisis are likely to be the biggest issues. The Democratic primary is in June, and New york City will still be grappling with the coronavirus and its economic repercussions then.
Trump's tax case await Amy Coney Barrett in her first week at Supreme Court
Trump’s tax case await Amy Coney Barrett in her first week at Supreme Court
Recall sometime last month, President Trump announced Judge Amy Coney Barnett as his Supreme Court pick. Barnett is a favorite among Republicans due to her narrow interpretation of the Constitution, her strict conservative beliefs, and ardently pro-life opinions.
Now, Amy Coney Barrett is preparing to join the Supreme Court as the justices are ready to take action on a number of important petitions before them, including Trump’s Tax case.
Barrett will solidify a 6-3 conservative majority on the high court and will be able to participate in the court’s action on the petitions, potentially giving Republican litigants an additional ally as the justices review the various requests.
According to Washington CNN, The justices are primed to decide soon whether a New York prosecutor will get access to Trump’s financial documents from January 2011 to August 2019, including his tax returns.
Last July, the Supreme Court, voting 7-2, rejected the President’s broad claims of immunity from a state criminal subpoena seeking his tax returns and said that as president he was not entitled to any kind of heightened standard unavailable to ordinary citizens.
The justices sent the case back to the lower court so that the President could make more targeted objections regarding the scope of the subpoena.
Trump’s lawyers told the lower courts that the subpoena was overbroad and issued in bad faith, but the courts once again rejected those arguments.
An appellate court ruled earlier this month that “there is nothing to suggest that these are anything but run-of-the-mill documents typically relevant to a grand jury investigation into possible financial or corporate misconduct.”
Trump’s personal lawyers then took the case back to the Supreme Court, urging the justices to put the lower court ruling on hold while the justices considered whether to take up the appeal.
If the justices deny the request, the subpoena can go forward although the documents will be shielded from public release because of grand jury secrecy rules.
Trump threatens China with big price ‘for what they’ve done to the world’
The United States President ‘Donald Trump’ has again hit out at China over the coronavirus, promising Beijing will “pay a big price for what they’ve done to the world.”
“It wasn’t your fault that this happened, it was China’s fault,” Trump said in a video from the White House Wednesday, in which he touted his own recovery from the virus that has infected multiple top administration officials, and touted a supposed cure.
“China’s going to pay a big price what they’ve done to this country.”
According to Hong kong CNN, Beijing will have been expecting this type of rhetoric following Trump’s infection, his aggressive language — reminiscent of similar threats made toward Iran earlier in his presidency — comes at a seriously volatile time between the US and China, both diplomatically and militarily.
China has been advancing its territorial claims in the South China Sea, the Himalayas, and over the self-ruled island of Taiwan, all areas where the US is already engaged militarily or could easily be dragged in by any conflict.
In recent weeks, the People’s Liberation Army has released a flurry of videos touting its ability to take on the US, while state media has run propaganda warning Washington not to test Beijing, and playing up the 70th anniversary of China’s entry into the Korean War, known in Chinese as the “War to Resist US Aggression and Aid Korea.
“Trump’s promises to make China “pay” is more likely a reference to pushing Beijing on trade, a key focus of his administration, but even there, it is not clear that continued aggression will pay off, with both countries hurting from the ongoing trade war and China becoming increasingly intransigent after months of stalled negotiations.
Beijing may be hoping for a reset come November, whether Trump wins a second term and feels able to tone down his rhetoric, or is replaced by Democratic candidate Joe Biden.