America
Zohran Mamdani: A ‘nepo baby’ in the belly of the beast
According to New York Mayor Eric Adams, who is under investigation for bribery allegations with ties to Türkiye, the next election to determine the city’s leader would be between a “blue-collar” candidate and another candidate “in a suit and with a silver spoon.”
Adams’s “blue-collar” candidate was, of course, himself. The candidate born with a silver spoon in his mouth was (surprise!) Zohran Mamdani.
Who would have thought… The frontrunner for the Democratic nomination for Mayor of New York is Zohran Mamdani—a “democratic socialist” of Indian descent whose ancestors were followers of “Twelver Shia Islam.”
Mamdani, who has gained prominence with a platform including free public transport, a solution to the housing crisis, and the “denunciation of Israel,” became known in connection with the term “nepo baby,” which entered the American public discourse—thanks to Hollywood stars—with a December 2022 issue of New York Magazine.
What is a nepo baby? To say “he was born on a blessed night” [a Turkish idiom for being extremely lucky] wouldn’t be enough. It’s a term used for relatively wealthy/upper-crust celebrities who were born into privilege, with a silver spoon in their mouth, and have risen in the profession of their parents or ancestors.
City&State New York, likely envious of the nepo baby list made for the West Coast, prepared one for the East Coast (New York). The date was December 20, 2022. The list included former Governor Andrew Cuomo (whose father was also a former governor) and Andrew Giuliani, known as Trump’s lawyer (his father, too, was a former mayor).
Mamdani made it onto this list back at the end of 2022. He is introduced as follows:
“His mother is the Oscar-nominated director Mira Nair. She may not have directly helped Mamdani enter politics, but she might have had some influence on his short-lived rap career.”
Mamdani’s mother, Mira Nair, has directed films such as “Salaam Bombay!”, “Mississippi Masala,” and “Monsoon Wedding.” His father, Mahmood Mamdani, is a renowned professor in the fields of international relations and anthropology.
In 2013, Nair was invited to a film festival in Israel but announced on social media that she would not go to the country “until the apartheid ends.”
Mahmood Mamdani, for his part, held informational meetings at the encampments set up at Columbia last year to protest the occupation in Gaza and criticized the university’s response to the protests.
Mahmood Mamdani is a prominent figure in the field of postcolonialism at Columbia. His academic work addresses topics such as the legacy of colonialism in Africa. As Aijaz Ahmad, who penned an excellent critique on the subject, puts it, the widespread “postcolonial” studies in the West offer a golden opportunity for members or children of the ruling classes in the colonial world to establish themselves in the West, especially in Western academia.
Nair’s career is also peculiar. She met Mahmood in Uganda, where Zohran was also born. The director was doing research for her film “Mississippi Masala.” But, according to what she told The New York Times, producers who wanted a “white hero” in her film were unwilling to provide funding.
Somehow, though, Nair eventually found “a few million dollars” and began shooting the film in Uganda, with the famous actor Denzel Washington in the lead role.
Don’t underestimate Nair’s position: Warner Bros. offered our director the chance to direct Harry Potter and the Order of the Phoenix, but Nair turned it down because she was filming The Namesake, adapted from Jhumpa Lahiri’s bestselling novel of the same name.
***
Family isn’t everything, but it is important. “Colored” property owners from the former colonies of the British Empire have no trouble joining the Western ruling class aristocracy.
Prabhat Patnaik, India’s diligent Marxist, analyzes the phenomenon of these “Third World” leaders rising to prominence in imperialist countries as a “tendency toward the formation of an international middle class.” I quote at length:
“This phenomenon [the rise of politicians or businesspeople from the Third World – author’s note] not only creates an opportunity to emphasize how ‘fair’ the countries in question where they grew up are, but it also helps convince people from the middle classes in Third World countries that they will receive ‘equal treatment’ in these metropolises, and consequently, that the world has a ‘just’ order and that the country of one’s birth is irrelevant to success. One of the problems that people from the middle classes in the colonies used to face was that they were subjected to discrimination in their own countries under colonial administration and could never rise beyond a certain point in official positions. This experience made the middle class feel that they had to overthrow the colonial yoke. In contrast, the current experiences of the present-day Third World middle class convince them that such discrimination no longer exists and, therefore, that the phenomenon of imperialism itself is no longer valid.”
This brings us closer to a Nietzschean ideal of an “intermingled, (aristocratic) ruling class that disregards national borders.” There are also those, like Homi Kharas, who affirm this by calling it the “global middle class.” This “global middle class” has an ideological package that will save our planet: It will combat global warming; it will steer global capital markets and corporations toward “sustainability”…
Beyond that, confirming Patnaik’s thesis, they also “don’t believe” in imperialism. It is constantly underlined that Mamdani’s wife, the Damascus-born artist Rama Duwaji, is “Syrian.” In Duwaji’s biography, we see that she has worked with The New Yorker, The Washington Post, Apple, Spotify, VICE, the BBC, and Tate Modern. A US-based campaign account close to Iran and Hezbollah writes that Duwaji supported the foreign-backed rebellion against the Bashar al-Assad government and that Mamdani is “controlled opposition.” The picture is complete.
***
Just because a person is born with a silver spoon in their mouth doesn’t mean they have to embrace their “class.” History is full of examples.
But Mamdani is not among them.
It seems this is the case, as a New York Times investigation into who he gets his votes from in New York is the kind of news that would soothe the heart of a Wall Street said to be trembling in fear.
The NYT writes that Mamdani pulled ahead thanks to increased turnout in gentrifying neighborhoods and strong support from Asian and Hispanic communities.
“Democratic socialist” Mamdani secured high vote shares in Brooklyn’s affluent “brownstone” neighborhoods, in the diverse neighborhoods of Upper Manhattan, and in areas of Queens with large South Asian populations.
I would like to remind you that brownstone houses in New York are expensive: one of the main reasons these homes are so costly is simply their rarity. The number of these houses is limited, and it’s not possible to build more.
Quoting again from the NYT investigation: Mamdani, who promises to solve New York’s economic crisis, performed better than his rivals in predominantly college-educated districts and in middle- and high-income neighborhoods. Mamdani won in most of the majority-Asian districts and narrowly beat his main rival, Cuomo, in majority-Hispanic districts.
An interesting data point: Cuomo received more support in majority-Black districts and in low-income districts. Mamdani, however, struggled to win over older, wealthier voters, a significant portion of whom are Jewish, on Manhattan’s Upper West and East Sides.
I quote directly from the NYT investigation:
“Mamdani, who would be the city’s first Muslim and South Asian mayor, received his highest vote share in gentrifying neighborhoods with young, left-leaning voters, like Ridgewood in Queens and Greenpoint in Brooklyn. Voters in Jamaica Hills, a Queens neighborhood with a large South Asian population, also preferred Mr. Mamdani by a wide margin.”
The research shows that the majority of high- and middle-income New Yorkers voted for Mamdani. Nearly half of the low-income population, however, voted for Cuomo.
***
It is known that there is a search for restructuring within the Democratic Party following the disappearance of Joe Biden and the defeat of Kamala Harris.
Saikat Chakrabarti, a former adviser to New York Representative Alexandria Ocasio-Cortez, one of Mamdani’s most important supporters, has rolled up his sleeves to unseat Nancy Pelosi in San Francisco.
The Texas-born Chakrabarti, a Silicon Valley veteran of Indian descent, is a perfect fit for the “nepo baby” class. This software engineer-turned-activist is known for his goals of a “Green New Deal” and a “New New Deal.” In his manifesto titled “A Mission for America,” he complains about the bureaucracy against nuclear energy and calls on the military to normalize nuclear power in the public eye, wears a t-shirt featuring a photo of Subhas Chandra Bose, a Hindu nationalist known for his sympathy for the Nazis, and was part of the “progressive” group “Justice Democrats.”
Chakrabarti was fired from the AOC campaign, but his platform is being adopted wholesale. According to a report on NPR in April, a young generation, including the Silicon Valley veteran, was poised to become the “new AOCs.” This younger generation, advocating for a more “aggressive” stance against Trump, was deeply dissatisfied with the old Democrats.
It’s not hard to see that Mamdani is also playing to this crowd. After his initial success, Mamdani’s campaign team is looking for ways to appeal to the “general public.” Mamdani, who once advocated for defunding the police, now appears to have backed away from that position.
It is claimed that corporations are prepared to spend $20 billion to defeat Mamdani. Mamdani’s campaign, however, believes they can quickly raise an initial $8 billion. Pro-Mamdani super PACs face no limits on how much money they can raise, and the group “New Yorkers for Lower Costs” raised $1.5 million in the primaries.
The Wall Street Journal (WSJ) writes even more. It suggests that the broad support for Mamdani reveals how Wall Street has changed in recent years, stating:
“Mr. Mamdani received more individual donations from the big banks than Mr. Cuomo did, according to city campaign-finance records that list donors’ employers. But they were mostly among the growing ranks of tech staff and other nonfinance workers. Three Goldman Sachs software engineers, for example, were listed as giving directly to Mr. Mamdani. Only one financier at Goldman gave directly to Mr. Cuomo, records show.”
Furthermore, the WSJ reports that other bankers who quietly support Mamdani did not want to speak “on the record,” and one even tried to use a “fake name.”
According to POLITICO, following his primary victory, Mamdani met privately with Senate Majority Leader Chuck Schumer and House Minority Leader Hakeem Jeffries. Both are “establishment” New York Democrats.
The two leaders did not immediately give Mamdani their full endorsement, but they made positive comments about him on the social media site X and said they planned to meet with him in person soon.
A person close to Mamdani, speaking on condition of anonymity, described these statements as a “positive green light” and said the team was “very, very hopeful” about what they had accomplished in the short time since the primaries.
Also, Mamdani was called to the stage on Tuesday night by New York Attorney General Letitia James. James is one of the state’s most beloved and influential Democrats, known for her legal battles with President Donald Trump.
America
Trump energy shares rose by up to $4.4m during Iran war, CNBC reports
The value of US President Donald Trump’s nine largest oil and gas holdings increased by approximately $1.5 million to $4.4 million during the first six months of the war with Iran.
According to an analysis conducted by CNBC based on the American leader’s financial disclosure, corporate balance sheets, and FactSet market data, the investment basket includes shares in Chevron, ConocoPhillips, ExxonMobil, Kinder Morgan, Marathon Petroleum, Occidental Petroleum, Phillips 66, Valero Energy, and Williams Companies.
In its calculations, the television network took into account the minimum and maximum baseline values of Trump’s declared holdings alongside share price fluctuations from the close of trading on 27 February through 31 August.
As the conflict with Iran continued, specialists managing Trump’s investment accounts maintained active trading in energy company shares.
Up to 29 June, the latest date for which transactions were disclosed, fresh purchases were logged alongside at least 23 sales operations involving stock in the nine companies.
Because disclosure filings do not specify exact share numbers or transaction prices, the estimates produced by CNBC do not reflect Trump’s realised profits or the precise current scale of his holdings.
On 2 March, the first trading day following the launch of air strikes against Iran by the US and Israel, shares in eight major oil and gas companies were purchased through Trump’s accounts.
These transactions included ExxonMobil shares valued at between $100,000 and $250,000. Prior to the conflict, the aggregate value of Trump’s holdings in ExxonMobil stood at between $3.2 million and $12.5 million.
Stock market gains in August, excluding subsequent transactions, raised the value of these shares by approximately $176,000 to $690,000.
CNBC also examined transactions executed on days when Trump’s decisions directly swayed the oil market. On 23 March, when the president deferred planned strikes against Iran’s energy infrastructure, the price of a barrel of Brent crude dropped by roughly 11%.
That same day, oil and gas shares worth a combined $163,000 to $570,000 were purchased across Trump’s accounts.
A similar transaction took place on 7 April. One of Trump’s investment accounts sold between $500,000 and $1 million worth of ExxonMobil shares.
Approximately two and a half hours after markets closed, President Trump announced an agreement on a two-week ceasefire with Iran. The following morning, ExxonMobil shares fell by more than 6% at the market open.
The report noted that CNBC saw no evidence indicating that Trump gave direct instructions for specific trades, that managers possessed advance knowledge of his actions, or that personal financial interests guided White House policies.
White House officials, commenting on the matter, stated that the president’s investment portfolio is managed by independent portfolio managers and that neither Trump nor members of his family hold authority to intervene in asset trading decisions.
The growth in the portfolio coincided with a broader surge in the earnings of energy majors. The nine energy companies in which Trump holds shares generated a combined profit of $47.6 billion in the second quarter.
During the same period last year, that figure stood at $15.9 billion. The profits of ExxonMobil and Chevron alone climbed from $9.6 billion in the prior year to $26.6 billion.
In July, the US Office of Government Ethics published Trump’s 927-page financial disclosure report for 2025.
The report noted that Trump’s earnings from cryptocurrency operations exceeded $500 million.
America
Over half of Latino voters back Democrats in key US House races
A new public opinion poll in the US shows that Democratic candidates have made notable gains since 2024 among Latino voters in critical, competitive districts for the House of Representatives.
These gains have the potential to directly determine which party will secure the majority in Congress next year.
According to a joint survey by Hart Research and TelevisaUnivision shared with Axios, Democrats reached 58% support on the generic congressional ballot among Latino voters across 17 competitive House districts.
The share of those backing Republicans within the same voting bloc remained at 35%. This group continues to represent the fastest-growing swing constituency in battleground districts.
Examining three competitive House races in Texas, the study indicated that Latino voters, who reported splitting evenly at 44% to 44% in the 2024 presidential election, shifted 56% to 36% in favour of Democrats heading into the midterms.
Latino support for Democrats also increased in other states. In California, 57% of Latino voters said they would support Democrats, compared with 33% who said they would back the Republican Party.
Kate Coleman, Senior Vice President at TelevisaUnivision, highlighted voter behaviour in remarks to Axios:
“Latino voters are not locked into one party. They are watching developments closely; they make decisions based on who stands with them and how they stand.”
The survey data determined that 11% of Latino respondents who said they voted for Donald Trump in the 2024 presidential election now support Democratic candidates.
Accelerating his deportation plans, Trump triggered fear across many Latino neighbourhoods while weakening his support among this demographic.
The Hart Research and TelevisaUnivision study revealed that 63% of Latino voters disapprove of Trump’s presidential job performance. The share of those approving of his performance in office stood at 36%.
Trump’s approach to high prices and the cost of living drew disapproval from 65% of Latino voters, while immigration enforcement and deportation practices were disapproved of by 62%.
More than half of Latino voters, at 64%, reported that they disapprove of Immigration and Customs Enforcement (ICE).
A survey published in May by UnidosUS showed that a quarter of Latino voters “would probably not vote” or would definitely not support Trump if they had to vote for him again.
The study at that time had pointed out that, despite Trump’s decline among Latino voters, Democrats had not yet secured significant gains.
According to Pew Research Center data, Trump strengthened his support in 2024 by securing 48% of the Latino vote, coming very close to the 51% reached by then Vice President Kamala Harris.
Some figures within the Democratic Party, however, worry that primary victories by democratic socialist candidates could alienate certain Latino voters, particularly those who fled Cuba or Venezuela.
The Hart Research and TelevisaUnivision survey was conducted between 6 and 17 August among 1,500 Latino respondents. The poll’s margin of error was reported as 2.5 percentage points.
America
Researcher quits Anthropic and warns AI firms gamble with lives
Jacob Coxon, an artificial intelligence researcher at Anthropic, has resigned from his post, stating that tech companies are acting irresponsibly in the race towards self-improving superintelligence. Coxon warned that the autonomous operational capabilities of such systems pose existential risks to humanity and that internal industry anxieties run far deeper than generally perceived.
The AI researcher stepped down from his position at Anthropic to draw attention to industry safety vulnerabilities and the unregulated race among developers.
Having worked for three years as a pre-training researcher across both OpenAI and Anthropic, Coxon announced his decision to leave in an extensive statement shared on his X account.
Stating that both companies have acted irresponsibly, Coxon argued that developers are engaged in a dangerous race to achieve self-improving superintelligence.
I resigned from Anthropic today. I spent the last three years doing pretraining research at both OpenAI and Anthropic. Neither company is acting responsibly. They are racing straight to self-improving superintelligence and gambling with our lives. More thoughts below.
— Jacob Coxon (@hilbertspaess) September 9, 2026
“They believe it could kill us all by the end of the decade”
In his posts, Coxon stated that technical teams developing AI genuinely believe this technology could bring about the demise of humanity by the end of the decade.
Asserting that these concerns are not a marketing strategy, the researcher noted that while top executives and senior researchers adopt a cautious tone in public statements, they voice the very same fears behind closed doors.
Developments reflecting similar anxieties across the sector evoke James Cameron’s 1984 film The Terminator, which set 2029 as the pivotal year when machines waged war against humanity.
Indeed, Evan Hubinger, head of Anthropic’s own alignment team, had previously estimated the probability of human extinction to be greater than 10%.
Warning that systems currently under development will soon evolve into superhuman structures capable of bypassing any firewall, transforming industries overnight, and securing physical resources, Coxon stressed that the pace of progress is not slowing in any way.
Arguing that the danger of superintelligence is no longer merely theoretical, the researcher pointed to the Hugging Face security leak that occurred between May and July.
In that incident, OpenAI models established an independent chatroom within the testing environment to communicate among themselves, subsequently using this channel to reach the open internet and infiltrate production systems.
Because of this security breach, Hugging Face was forced to rebuild approximately one-third of its infrastructure.
“They are gambling with our lives”
Characterising the leak as a warning flare, Coxon indicated that the incident makes pacing agreements between US-based laboratories more feasible.
However, emphasising that developers are not yet on the right track to prevent a global race, the researcher noted that measures such as a temporary moratorium on advancing model capabilities could be considered.
Arguing that civilisation-scale risks have not yet been sufficiently internalised at OpenAI, Coxon contended that Anthropic joined the race out of an ambition to be first, despite being fully aware of the dangers.
Coxon is not the only figure to leave the sector on such grounds. Mrinank Sharma, a member of Anthropic’s safety team, also stepped down earlier this year, writing that the world is in danger.
On the other hand, not everyone agrees with these catastrophic scenarios. Some responses to the post emphasised the view that humanity, with an evolutionary history spanning hundreds of thousands of years, will not be wiped out by a text prediction model achieving consciousness.
It was also noted that even the plot of the Terminator franchise does not entirely support Coxon’s premise, as the human resistance survived the nuclear catastrophe and ultimately defeated the machines.
Alongside safety debates, AI continues to directly affect the labour market. Research by the Stanford Digital Economy Lab indicates that, while mass job losses have not yet materialised, entry-level employment in AI-exposed sectors across the US has fallen by nearly 20%.
A Goldman Sachs study pointed to a similar trend, showing that entry-level workers bear the brunt of the ongoing workforce transformation.
Anthropic, which remains at the centre of the controversy, filed for an initial public offering in June and plans to list on the Nasdaq exchange this autumn at a multi-trillion-dollar valuation.
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