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Three Thoughts and an Asterisk on the NYC Mayoral Race

Trends in Zohran Mamdani’s win. Plus: The mortgage fraud that stole Canadians’ homes.

Mamdani at an election night event. — Mamdani at an election night event.
Photographer: Christian Monterrosa/Bloomberg

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By Wes Kosova

June 25, 2025 at 5:56 PM EDT

Local primary elections don’t normally command national attention, unless it’s New York City’s and a charismatic young lawmaker has just knocked off a member of the Democratic old guard. Wes Kosova is here with some takeaways. Plus: A mortgage fraud that stole Canadian homes and innovative loans for foreign MBA students.

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