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Mamdani's Rent-Freeze Approved By NYC Guidelines Board
Mamdani's Rent-Freeze Approved By NYC Guidelines Board
The New York City Rent Guidelines Board voted 7–1 to freeze rents on about 1 million rent-stabilized apartments for up to two years, giving tenants a win on a central campaign promise from Mayor Zohran Mamdani while revealing tensions over the board’s independence.
The board set the annual increase at zero percent for both one-year and two-year leases starting in October. The affected apartments house roughly 2.5 million residents. The board’s 2025 study found the average monthly rent in regulated units was $1,599 last...
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Jun 2, 2026 / Tyler Durden
US, China Militaries Hold 'Candid' Deconfliction Talks In Hawaii As Trump Goes Quiet On Taiwan
US, China Militaries Hold 'Candid' Deconfliction Talks In Hawaii As Trump Goes Quiet On Taiwan
American and Chinese military officers have sat down for rare deconfliction talks in Hawaii, soon on the heels of the Trump-Xi summit in Beijing last month. According to a late Monday statement from the Chinese Navy, the two superpowers held what they described as "candid and constructive" exchanges during a two-day closed-door meeting. It happened last week in Honolulu, reports have newly revealed.
The sides came away agreeing that improved communication could successfully reduce tactical miscalculations and...
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Aug 19, 2026 / Dave DeCamp
Trump Says He’s Launching the ‘Most Crushing Economic Operation Ever’ Against Iran
President Trump on Wednesday night said that he was launching what he described as the “most crushing economic operation ever’ against Iran and threatened the economies of any countries that do business with the Islamic Republic. “No one has given the Islamic Republic of Iran a greater opportunity to make a Deal than me. TRAGICALLY, […]
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Apr 30, 2026 / Tyler Durden
Japan Intervened In FX Market To Buy Yen
Japan Intervened In FX Market To Buy Yen
With Brent surging to a new post war high overnight, rising as high as $125 on fear of an imminent resumption of hostilities in Iran, which dragged yields higher, and also pushed the USDJPY above 160 for the first time since late March, overnight Japan made clear - again - it wouldn't take it any more, with the usual round of jawboning.
*KATAYAMA: WE ARE MONITORING FX MARKET WHILE YOU ARE ON HOLIDAY
*KATAYAMA: WE ARE NEARING TIMING TO TAKE BOLD ACTION ON FX
Then
*MIMURA:...
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