Good Morning. A late-night host just said "FCC you" on live television, and his own network tried to stop him from doing it.

Plus, the upcoming Ronda Rousey fight, Mamdani’s tax showdown, and advice on getting rich from Scott Galloway (forwarded this email? Join 523k readers).

1% Better Challenge: Compliment a stranger today. No agenda, no follow-up. Just drop something kind. Reply and tell us what you said. We'll share the best ones.

TOP STORY TODAY

Colbert Fights FCC

Stephen Colbert publicly criticized both CBS and the FCC during Monday's "Late Show" after his network blocked a planned interview with Texas Democratic Senate candidate James Talarico. CBS cited potential equal-time rule violations. Colbert later posted the interview on YouTube (video), bypassing broadcast restrictions entirely.

The FCC's equal-time rules require broadcast networks hosting political candidates to offer opponents equal airtime. Last month, the FCC issued guidance suggesting shows "motivated by partisan purposes" lose their standard talk-show exemption. The rules don't apply to streaming, cable, or podcasts.

The FCC is also investigating ABC's "The View" over a similar Talarico appearance. Paramount, CBS's parent company, has regulatory matters currently pending before the federal government.

NYC Tax Showdown

New York City Mayor Zohran Mamdani proposed a 9.5% property tax increase Tuesday, generating an estimated $3.7 billion, as a fallback if the state won't approve taxes on wealthy individuals and corporations. The city faces a two-year budget gap of $5.4 billion after accounting for $1.5 billion in state aid.

Mamdani's preferred solution requires approval from Governor Kathy Hochul and the state legislature, both of whom have opposed new taxes. The property tax hike would affect over 3 million residential units and 100,000 commercial buildings. The City Council, which must approve any increase, has also pushed back.

Hochul noted property tax decisions rest with the mayor and council. Mamdani needs council support to pass his full budget, making the path forward uncertain regardless of which revenue approach he pursues. Mamdani’s first 10 days.

Jesse Jackson Dies

The Rev. Jesse Jackson, prominent civil rights activist and two-time Democratic presidential candidate, died overnight at age 84 (WSJ). A family spokeswoman confirmed his passing. Jackson was known for his powerful public speaking and advocacy on behalf of working-class Americans and minority communities.

Born in 1941 in Greenville, South Carolina, Jackson participated in civil rights sit-ins, worked alongside Martin Luther King Jr., and founded Operation PUSH in 1971. He made history in 1984 as the first Black man to run a nationwide major-party presidential campaign, later gaining front-runner status briefly in 1988.

Jackson remained a prominent political figure for decades, drawing both strong support from liberals and criticism from conservatives who questioned his methods and motivations (NYT).

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TODAY’S LIFE ADVICE

America’s Best Roadside Attractions

New research from Betway Casino ranked America's most popular roadside attractions by combining TripAdvisor reviews, Instagram posts, and Google search volume across 83 sites nationwide.

Here are the top attractions worth planning your next road trip around:

Any spots you would add to this list? Reply to this newsletter and let us know!

Scott Galloway: How to Get Rich

Professor Scott Galloway's wealth-building formula is deceptively simple: focus plus the product of stoicism, time, and diversification. Focus means finding what you're genuinely great at, positioning yourself in growing industries, and investing in key relationships, including choosing the right life partner.

Stoicism means living below your means, because wealth isn't about income, it's about savings. Time means starting early and letting compound interest work for decades. Diversification means never letting one bad decision become fatal.

Galloway admits luck, birthright, and timing played roles in his own success, but argues discipline and consistent investing remain the clearest path to financial freedom for everyone.

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