New York Mayor-elect Zohran Mamdani has enlisted the expertise of Lina Khan, a former head of the Federal Trade Commission, to tackle affordability in the city. This move has sent ripples through business circles, with some wondering if Mamdani's outreach to corporate leaders during his campaign was genuine.
Khan, known for her aggressive approach to regulation, is now expected to bring a similar zeal to the local level. Her appointment signals that affordability will be a top priority under Mamdani's administration. In a recent podcast interview, Khan outlined her plans to "make sure we have a full accounting of all the laws and authorities that the mayor can unilaterally deploy" to achieve this goal.
Under her leadership at the FTC, Khan successfully blocked a massive $25 billion merger between two grocery giants, citing concerns over price inflation and labor market harm. She also banned junk fees for concerts and hotels, capped prices on asthma inhalers, and cracked down on pharmaceutical companies inflating insulin costs.
Business advocates are bracing themselves for potential regulation aimed at making the city more affordable. However, not everyone is convinced that Khan's tactics will yield results. Kathy Wylde of Partnership for New York City described her as "an ideologue, but a smart one," while cautioning that litigation may not be an effective way to achieve affordability.
Khan's agenda includes reducing food and drink prices at sports venues, cracking down on price gouging in healthcare, and regulating algorithmic pricing by landlords, Uber, and Lyft. She cited a 56-year-old New York City law prohibiting "unconscionable" business practices as the basis for her proposed actions.
With Khan's appointment, New Yorkers can expect to see aggressive enforcement of consumer protection laws at the local level. Whether this will translate into tangible benefits for residents remains to be seen, but one thing is clear: affordability is now a top priority under Mamdani's administration.
Khan, known for her aggressive approach to regulation, is now expected to bring a similar zeal to the local level. Her appointment signals that affordability will be a top priority under Mamdani's administration. In a recent podcast interview, Khan outlined her plans to "make sure we have a full accounting of all the laws and authorities that the mayor can unilaterally deploy" to achieve this goal.
Under her leadership at the FTC, Khan successfully blocked a massive $25 billion merger between two grocery giants, citing concerns over price inflation and labor market harm. She also banned junk fees for concerts and hotels, capped prices on asthma inhalers, and cracked down on pharmaceutical companies inflating insulin costs.
Business advocates are bracing themselves for potential regulation aimed at making the city more affordable. However, not everyone is convinced that Khan's tactics will yield results. Kathy Wylde of Partnership for New York City described her as "an ideologue, but a smart one," while cautioning that litigation may not be an effective way to achieve affordability.
Khan's agenda includes reducing food and drink prices at sports venues, cracking down on price gouging in healthcare, and regulating algorithmic pricing by landlords, Uber, and Lyft. She cited a 56-year-old New York City law prohibiting "unconscionable" business practices as the basis for her proposed actions.
With Khan's appointment, New Yorkers can expect to see aggressive enforcement of consumer protection laws at the local level. Whether this will translate into tangible benefits for residents remains to be seen, but one thing is clear: affordability is now a top priority under Mamdani's administration.
I think its gonna be interesting to see how Lina Khan puts her FTC experience into NYC 
️. She came on strong at the FTC and took down some big players, so I'm wondering if she'll do the same here 
. Some people are worried that her approach is too aggressive, but Khan seems like someone who's not afraid to take risks 
. One thing thats for sure is that affordability will be a major focus under Mamdani's admin 
. Will it work? Only time will tell 
Remember when she blocked that $25 billion merger at the FTC? That was some serious corporate take-down. I wonder if Mamdani's campaign promises were just a ploy to get Khan on board. Maybe she's gonna use her regulatory powers to squeeze out big corps and hurt local businesses. 
. But at the same time, I know some of these regulations can be kinda strict 
.
. Still, it'll be interesting to see how Khan's agenda plays out and whether it actually makes a difference in our city 
AND OKAY, I KNOW SOME PEOPLE MIGHT BE THINKING "BUT IS THIS JUST ANOTHER WAY FOR THE GOVERNMENT TO INTERFERE WITH BUSINESSES?" AND MY ANSWER IS... NOPE! IT'S ABOUT MAKING SURE EVERYONE IN THIS CITY CAN AFFORD THE BASICS WITHOUT BREAKING THE BANK!!! 
. It's a fine line to walk, and I'd love to see how Mamdani's administration navigates this in the coming months 
... They're not exactly known for their generosity 
... But at the same time, it's hard to deny that something needs to change in this city 
... We're already seeing prices skyrocket and people struggling to make ends meet 
️
But at the same time, you've gotta wonder if she'll be too aggressive with her tactics... Kathy Wylde seems to think so 
. Either way, I'm curious to see how this all plays out and whether it'll actually make a dent in affordability. It's gonna be interesting to watch 
!
. It's about time someone gave the city a shake-up. Not everyone's gonna love Khan's tactics, but I say bring it on 
.
. But now that he's got someone like Khan on board, things might actually change 
. I'm not surprised business advocates are getting nervous