Megayacht Foam Parties Are In
Felix Salmon, Emily Peck, and Elizabeth Spiers discuss the reactions to Zohran Mamdani winning the NYC Democratic primary, examining why business leaders' fears of socialism may be overblown given the city's political realities and the mayor's limited power. They also analyze Donald Trump's strategy of potentially naming a future Fed chair in advance and whether this "shadow chair" tactic could undermine the central bank's independence. Finally, the hosts ponder Jeff Bezos and Lauren Sanchez's lavish wedding in Venice, reflecting on the apparent shift from "stealth wealth" to conspicuous consumption among the ultra-rich.
Jun 28, 2025•50 min