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NYC Mayoral Candidate Argues Affordability Key to Luring Tech Sector Growth

Democratic mayoral frontrunner Zohran Mamdani emphasized housing affordability as the primary draw for tech companies during Thursday’s debate. The candidate’s position comes despite his platform including significant corporate tax hikes aimed at funding public services.

Affordability Over Tax Incentives in NYC Tech Recruitment

Assemblyman Zohran Mamdani, the Democratic frontrunner in the New York City mayoral race, reportedly argued during Thursday’s debate that affordability rather than tax concessions would ultimately attract technology companies to the city. According to reports, Mamdani suggested that tech CEOs would choose to establish operations in New York if potential employees could afford to live there.

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PayPal and Venmo Services Restored Following Widespread Payment Disruption

PayPal and Venmo services have been restored following a significant service disruption that affected millions of users. According to company statements, the outage has been resolved after causing temporary payment processing issues across both platforms.

Payment Services Restored After Widespread Disruption

PayPal and Venmo services have reportedly returned to normal operation following a significant service disruption that affected millions of users across both platforms. According to reports from Forbes, Caitlin Girouard, a spokesperson for PayPal, confirmed that both apps “experienced a brief service disruption that has since been resolved.”