New York City’s mayoral candidates sparred over whether freezing rents for stabilized apartments is realistic policy during last night’s debate, with Andrew Cuomo arguing it would hurt landlords’ ability to cover costs. Meanwhile, a new report from the state comptroller shows Wall Street profits jumped to $30 billion in the first half of the year, putting the industry on track for one of its strongest years ever. And Governor Kathy Hochul has vetoed a bill that would have required all 911 ambulances in New York City to have at least two certified responders, drawing criticism from the union representing EMTs and paramedics.
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