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Javier E

Will We Forgive Amazon When This Is Over? - WSJ - 0 views

  • all is far from well in the kingdom of Bezos. At a defining moment for the company, it is letting customers down.
  • the promise to ship anything to our doorstep in a day or two that has gained it the trust of an astonishing 112 million Prime members in the U.S. (a nation of 129 million households) has evaporated nearly overnight.
  • it feels like Amazon is little better than any other retailer at getting us what we need, when we need it.
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  • The fact that Amazon’s retail operations are functioning at all is a testament to the flexibility of the company’s infrastructure during a health crisis that few if any companies were prepared for.
  • But the crisis is laying bare the cracks in Amazon’s ability
  • Those cracks include times when up to half the workers in some of the company’s facilities haven’t shown up, with some saying it was due to their fear they wouldn’t be adequately protected from coronavirus.
  • It’s also due to Amazon’s just-in-time supply chain, reliance on third-party sellers and largely automated systems of buying and selling that were never designed to handle such a crisis.
  • Amazon shoppers are unable to get many of the essential products the company says it’s prioritizing now.
  • everything considered nonessential takes more time than the two days Amazon conditioned us to expect.
  • In the mid-2010s, Amazon initiated a program called “hands off the wheel,” which replaced many of the functions of Amazon’s white-collar retail workers—those responsible for managing inventory and negotiating with sellers—with AI and automated systems
  • One-third of respondents said the first time they had ever ordered groceries online was in the past 30 days, and 60% of respondents used Amazon to order groceries.
  • The infrastructure Amazon built pushed the entire e-commerce industry toward ever broader selection delivered ever faster.
  • as of March, 55% of Americans polled had ordered groceries online, compared with 36% two years ago.
  • Amazon’s systems respond more quickly to increases in demand than humans could, but it also leads to breakdowns when they encounter unexpected shocks—e.g., a global pandemic
  • In the week ending March 28, Americans spent 47% more on consumer packaged goods purchased online when compared with the same period a year ago, according to Nielsen and Rakuten Intelligence.
  • Amazon has hired 80,000 additional workers in just the past few weeks, as part of its pledge to hire 100,000 new permanent workers. It has also raised its base wage from $15 an hour to $17, through April.
  • with more workers pouring into Amazon’s facilities, and more forced to stay by the lack of alternatives, there could be more protests by employees and more concessions from historically union-averse management
  • Already, the company has instituted double pay for overtime, paid leave for associates with confirmed or suspected cases of Covid-19, a tripling of its janitorial staff and audits of its own facilities to comply with these measures.
  • Consumers felt, in good times anyway, that “I can trust the item, I know it’s a good price, I have transparency on when I’m going to receive it, and if I have issues Amazon will work on my behalf,” he adds.
  • A big edge Amazon holds over competitors is that it can cover losses or scant retail margins with a combination of good will from investors and a cross-subsidy from its booming cloud business, Amazon Web Services.
  • Of all cloud providers, Amazon is the best positioned to benefit both in the long and short term from surging demand, Eric Sheridan, an analyst at UBS, wrote in a Monday note surveying the industry.
  • All this increased usage means more revenue for AWS and more profit for its parent company. In turn, that means more opportunity for Amazon to, as Mr. Bezos famously put it, turn its retail competitors’ margins into Amazon’s opportunity.
  • for Amazon, a company that may already be too big for its own good, it could lead to more of the regulatory scrutiny that its success was drawing even before coronavirus.
  • An ever greater variety of customers will view Amazon as a basic utility but, wary of overreliance, will explore alternatives, too. The bill for Mr. Bezos’ possibly Faustian bargain with the universe—that everyone loves an innovative and ruthless competitor, even when it becomes dominant—may finally come due.
anonymous

Opinion | What Can Biden's Plan Do for Poverty? Look to Bangladesh. - The New York Times - 0 views

  • One of the great moral stains on the United States is that the richest and most powerful country in history has accepted staggering levels of child poverty. With final legislative approval of President Biden’s $1.9 trillion American Rescue Plan on Wednesday, the United States has decided to scrub at that stain.
  • But then the government and civic organizations promoted education, including for girls. Today, 98 percent of children in Bangladesh complete elementary school. Still more astonishing for a country with a history of gender gaps, there are now more girls in high school in Bangladesh than boys.
  • I was right that Bangladesh faces huge challenges, not least climate change. But over all my pessimism was dead wrong, for Bangladesh has since enjoyed three decades of extraordinary progress.
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  • Life expectancy in Bangladesh is 72 years. That’s longer than in quite a few places in the United States, including in 10 counties in Mississippi. Bangladesh may have once epitomized hopelessness, but it now has much to teach the world about how to engineer progress.
  • That’s what Biden’s attack on child poverty may be able to do, and why its central element, a refundable child tax credit, should be made permanent. Bangladesh reminds us that investing in marginalized children isn’t just about compassion, but about helping a nation soar.
  • As Bangladesh educated and empowered its girls, those educated women became pillars of Bangladesh’s economy. The nation’s garment factories have given women better opportunities, and that shirt you’re wearing right now may have been made by one of them, for Bangladesh is now the world’s largest garment exporter, after China.
  • Educated women also filled the ranks of nonprofits like Grameen and Brac, another highly regarded development organization. They got children vaccinated. They promoted toilets. They taught villagers how to read. They explained contraception. They discouraged child marriage
  • This represents a revolution in American policy and a belated recognition that all society has a stake in investing in poor kids. To understand the returns that are possible, let’s look to lessons from halfway around the world.
  • As that nation turns 50, its surprising success offers lessons about investing in the most marginalized.
  • Bangladesh was born 50 years ago this month amid genocide, squalor and starvation. Henry Kissinger famously referred to Bangladesh then as a “basket case,” and horrifying photos from a famine in 1974 sealed the country’s reputation as hopeless.
  • In the early 1980s, fewer than one-third of Bangladeshis completed elementary school. Girls in particular were rarely educated and contributed negligibly to the economy.
  • Granted, factories in Bangladesh pay poorly by Western standards, have problems with abuse and sexual harassment, and pose fire risks and other safety problems; a factory collapse in 2013 killed more than 1,100 workers. But the workers themselves say that such jobs are still better than marrying at 14 and working in a rice paddy, and unions and civil society pushed for and won huge though incomplete improvements in worker safety.
  • In short, Bangladesh invested in its most underutilized assets — its poor, with a focus on the most marginalized and least productive, because that’s where the highest returns would be. And the same could be true in America. We’re not going to squeeze much more productivity out of our billionaires, but we as a country will benefit hugely if we can help the one in seven American children who don’t even graduate from high school.
katherineharron

Cuomo, Newsom and Trump's early pandemic praise vanished - CNNPolitics - 0 views

  • Nearly a year ago, New York Democratic Gov. Andrew Cuomo announced that all nonessential workers in the state would have to stay home. The announcement was one of many that marked the beginning of the coronavirus pandemic.
  • But, just as history has shown us time and time again, a year turned out to be a lifetime in their political careers
  • Cuomo, Newsom and Trump all experienced classic examples of a rally-around-the-flag event. When a crisis hits, constituents give their leading politicians bumps in the polls. These bumps rarely ever last -- a lesson all three of these politicians have now learned. Cuomo was probably seen as the biggest hero of the early days of the pandemic. He gave daily news conferences that became must-see television for many. He even wrote a book about leadership.
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  • Cuomo's favorable rating jumped to 77%. Just two months earlier, his favorable rating had been 44% -- a paltry figure for a Democrat from a blue state. close dialogThe world is watching as the Biden administration takes office.Get updates on US politics delivered to your inbox daily. Sign Me UpNo ThanksBy subscribing you agree to ourprivacy policy.The world is watching as the Biden administration takes office.Get updates on US politics delivered to your inbox daily. Please enter aboveSign Me UpBy subscribing you agree to ourprivacy policy.Success! See you in your inbox.</
  • California was one of the earliest states hit in the pandemic, and most voters applauded Newsom's response. His approval rating among likely voters in Public Policy Institute of California polling topped out at 64% in May 2020. That was up from 52% in February 2020 and 49% in January 2020. Newsom, though, has been criticized for how he handled lockdowns and business and school reopenings during the last year
  • His favorable rating is down to 44% and a mere 36% of voters want him to run for reelection, according to a March Quinnipiac University poll. The one piece of good news for Cuomo is that most Democrats (60%) have a favorable view of the governor, a slim majority (50%) want him to run again in 2022 and just 21% want him to resign.
  • More prominently, Cuomo is dealing with multiple allegations of inappropriate behavior toward women. The attorney general's office is investigating the claims, and the state Assembly speaker has allowed an impeachment investigation to begin. Many state and federal officials are calling on Cuomo to resign.
  • Still, the fact that Newsom is facing a recall and that his approval rating is averaging only about 50% right now is not a great position for a Democrat in California. Of course, both Cuomo and Newsom are in better political shape than Trump. While Trump ended up losing the election, at least in part to his response to the pandemic, voters actually had rallied around him early.
  • By the summer, Trump's overall approval rating dropped into the low 40s. He consistently low on who would better handle the pandemic compared with Democrat Joe Biden, who's now president. Indeed, Trump may very well have won the election without the pandemic. His approval rating on the economy was better than that of any of the incumbents who had lost in the last 45 years before him.
katherineharron

US Coronavirus: Michigan's Covid-19 crisis could be a sign of what's to come for the US, expert says - CNN - 0 views

  • As the US races to vaccinate more Americans, Covid-19 cases and hospitalizations are rising, predominantly among younger people who haven't yet gotten a shot.
  • Some experts worry this might only be the start of what's to come in the next weeks. Michigan is already in the middle of a violent surge
  • "Michigan is really the bellwether for what it looks like when the B.1.1.7 variant ... spreads in the United States," Dr. Celine Gounder told CNN on Sunday. "It's causing a surge in cases and it's causing more severe disease, which means that even younger people, people in their 30s, 40s and 50s are getting very sick and being hospitalized from this."
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  • Michigan's surge is a combination of two factors, Gounder says: the spread of the B.1.1.7 variant combined with people relaxing on mitigation measures before enough residents are vaccinated.
  • Florida has the highest number of cases of the variant, followed by Michigan, Minnesota and Massachusetts, according to data from the Centers for Disease Control and Prevention.
  • Experts say it's more contagious, may cause more severe disease and may potentially be more deadly. And it's rapidly spreading across the country.
  • Here's why: It takes about two weeks after the Pfizer and Moderna second doses and about two weeks after the Johnson &amp; Johnson vaccine before people are immune, she said. Meanwhile, Gounder added, "the incubation period, which is the time from when you are exposed to when you are infected with coronavirus, is four to five days."close dialogSign up for the Results Are In NewsletterGet the latest expert advice to live a healthier and happier lifeSign me upNo, ThanksBy subscribing you agree to ourPrivacy PolicySign up for the Results Are In NewsletterGet the latest expert advice to live a healthier and happier lifePlease enter aboveSign me upNo, ThanksBy subscribing you agree to ourPrivacy PolicyYou have successfully subscribed.By subscribing you agree to ourPrivacy Policyclose dialog
  • "So there is no way that a surge in vaccination is going to help curb this when transmission is happening right now," she said.
  • the only thing that will curb transmission right now are measures that take effect immediately.
  • Michigan is now reporting thousands of new Covid-19 cases daily, when just weeks ago, state data showed the daily reported case count was as low as 563 cases.
  • "Hospitals are being inundated," Dr. Jonathan Reiner, a professor of medicine and surgery at George Washington University, told CNN. "Michigan needs to shut down."
Javier E

Fight the Future - The Triad - 0 views

  • In large part because our major tech platforms reduced the coefficient of friction (μ for my mechanics nerd posse) to basically zero. QAnons crept out of the dark corners of the web—obscure boards like 4chan and 8kun—and got into the mainstream platforms YouTube, Facebook, Instagram, and Twitter.
  • Why did QAnon spread like wildfire in America?
  • These platforms not only made it easy for conspiracy nuts to share their crazy, but they used algorithms that actually boosted the spread of crazy, acting as a force multiplier.
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  • So it sounds like a simple fix: Impose more friction at the major platform level and you’ll clean up the public square.
  • But it’s not actually that simple because friction runs counter to the very idea of the internet.
  • The fundamental precept of the internet is that it reduces marginal costs to zero. And this fact is why the design paradigm of the internet is to continually reduce friction experienced by users to zero, too. Because if the second unit of everything is free, then the internet has a vested interest in pushing that unit in front of your eyeballs as smoothly as possible.
  • the internet is “broken,” but rather it’s been functioning exactly as it was designed to:
  • Perhaps more than any other job in the world, you do not want the President of the United States to live in a frictionless state of posting. The Presidency is not meant to be a frictionless position, and the United States government is not a frictionless entity, much to the chagrin of many who have tried to change it. Prior to this administration, decisions were closely scrutinized for, at the very least, legality, along with the impact on diplomacy, general norms, and basic grammar. This kind of legal scrutiny and due diligence is also a kind of friction--one that we now see has a lot of benefits.&nbsp;
  • The deep lesson here isn’t about Donald Trump. It’s about the collision between the digital world and the real world.
  • In the real world, marginal costs are not zero. And so friction is a desirable element in helping to get to the optimal state. You want people to pause before making decisions.
  • described friction this summer&nbsp;as: “anything that inhibits user action within a digital interface, particularly anything that requires an additional click or screen.” For much of my time in the technology sector, friction was almost always seen as the enemy, a force to be vanquished. A “frictionless” experience was generally held up as the ideal state, the optimal product state.
  • Trump was riding the ultimate frictionless optimized engagement Twitter experience: he rode it all the way to the presidency, and then he crashed the presidency into the ground.
  • From a metrics and user point of view, the abstract notion of the President himself tweeting was exactly what Twitter wanted in its original platonic ideal. Twitter has been built to incentivize someone like Trump to engage and post
  • The other day we talked a little bit about how fighting disinformation, extremism, and online cults is like fighting a virus: There is no “cure.” Instead, what you have to do is create enough friction that the rate of spread becomes slow.
  • Our challenge is that when human and digital design comes into conflict, the artificial constraints we impose should be on the digital world to become more in service to us. Instead, we’ve let the digital world do as it will and tried to reconcile ourselves to the havoc it wreaks.
  • And one of the lessons of the last four years is that when you prize the digital design imperatives—lack of friction—over the human design imperatives—a need for friction—then bad things can happen.
  • We have an ongoing conflict between the design precepts of humans and the design precepts of computers.
  • Anyone who works with computers learns to fear their capacity to forget. Like so many things with computers, memory is strictly binary. There is either perfect recall or total oblivion, with nothing in between. It doesn't matter how important or trivial the information is. The computer can forget anything in an instant. If it remembers, it remembers for keeps.
  • This doesn't map well onto human experience of memory, which is fuzzy. We don't remember anything with perfect fidelity, but we're also not at risk of waking up having forgotten our own name. Memories tend to fade with time, and we remember only the more salient events.
  • And because we live in a time when storage grows ever cheaper, we learn to save everything, log everything, and keep it forever. You never know what will come in useful. Deleting is dangerous.
  • Our lives have become split between two worlds with two very different norms around memory.
  • [A] lot of what's wrong with the Internet has to do with memory. The Internet somehow contrives to remember too much and too little at the same time, and it maps poorly on our concepts of how memory should work.
  • The digital world is designed to never forget anything. It has perfect memory. Forever. So that one time you made a crude joke 20 years ago? It can now ruin your life.
  • Memory in the carbon-based world is imperfect. People forget things. That can be annoying if you’re looking for your keys but helpful if you’re trying to broker peace between two cultures. Or simply become a better person than you were 20 years ago.
  • The digital and carbon-based worlds have different design parameters. Marginal cost is one of them. Memory is another.
  • 2. Forget Me Now
  • 1. Fix Tech, Fix America
mattrenz16

Opinion: Naomi Osaka's courageous choice - CNN - 0 views

  • Twenty-three-year-old tennis player and four-time Grand Slam singles champion Naomi Osaka stunned the tennis community this week by dropping out of the in-progress French Open, one of the year's major tournaments, announcing on social media that she will "take some time away from the court."
  • That is why forcing her to choose between her mental health and a few media sound bites was entirely unnecessary. We don't need to hear from her to appreciate her skill on the court. We do not need to drive her out of her career in order to punish her for failing to perform.
  • In attempting to force her hand, they essentially forced her out. Enter email to sign up for the CNN Opinion newsletter. "close dialog"Get CNN Opinion's newsletter for the latest thoughts and analysis on today's news.Please enter aboveSign me upBy subscribing you agree to ourprivacy policy.Thanks for Subscribing!Continue ReadingBy subscribing you agree to ourprivacy policy."close dialog"/* effects for .bx-campaign-1376914 *//* custom css .bx-campaign-1376914 *//* custom css from creative 52220 */.bxc.bx-custom.bx-campaign-1376914 .bx-row-image-logo img { height: 42px;}@media screen and (max-width:736px) { .bxc.bx-custom.bx-campaign-1376914 .bx-row-image-logo img { height: 35px;}}/*Validation border*/.bxc.bx-custom.bx-campaign-1376914 .bx-row-validation .bx-input { border-color: #B50000; /*Specify border color*/ border-width: 1px; box-shadow: none; background-color: transparent; color: #B50000; /*Specify text color*/}/* rendered styles .bx-campaign-1376914 */.bxc.bx-campaign-1376914.bx-active-step-1 .bx-creative:before {min-height: 220px;}.bxc.bx-campaign-1376914.bx-active-step-1 .bx-creative {border-color: #c1c1c1;border-style: solid;background-size: contain;background-color: white;border-width: 1px 0;border-radius: 0;}@media all and (max-width: 736px) {.bxc.bx-campaign-1376914.bx-active-step-1 .bx-creative:before {min-height: 200px;}}.bxc.bx-campaign-1376914.bx-active-step-1 .bx-creative> *:first-child {width: 780px;vertical-align: middle;padding: 10px;}@media all and (max-width: 736px) {.bxc.bx-campaign-1376914.bx-active-step-1 .bx-creative> *:first-child {width: 340px;padding: 20px;}}.bxc.bx-campaign-1376914.bx-active-step-1 .bx-close {stroke: rgb(193, 193, 193);stroke-width: 2px;width: 24px;height: 24px;}@media all and (max-width: 736px) {.bxc.bx-campaign-1376914.bx-active-step-1 .bx-close {width: 30px;height: 30px;padding: 0 0 10px 10px;}}.bxc.bx-campaign-1376914 .bx-group-1376914-y4M7jyO {width: 660px;text-align: left;}@media all and (max-width: 736px) {.bxc.bx-campaign-1376914 .bx-group-1376914-y4M7jyO {text-align: center;width: 315px;}}.bxc.bx-campaign-1376914 .bx-element-1376914-tVcUlRZ {padding: 0;width: auto;}.bxc.bx-campaign-1376914 .bx-element-1376914-tVcUlRZ> *:first-child {background-color: transparent;background-size: contain;}.bxc.bx-campaign-1376914 .bx-group-1376914-BpRQ7DR {width: 660px;text-align: left;padding: 25px 0 15px;}@media all and (max-width: 736px) {.bxc.bx-campaign-1376914 .bx-group-1376914-BpRQ7DR {width: 310px;padding: 15px 0 15px;text-align: center;}}.bxc.bx-campaign-1376914 .bx-element-1376914-oUX5Jvf {width: 100%;}@media all and (max-width: 736px) {.bxc.bx-campaign-1376914 .bx-element-1376914-oUX5Jvf {width: auto;}}.bxc.bx-campaign-1376914 .bx-element-1376914-oUX5Jvf> *:first-child {font-family: CNN Business,CNN,Helvetica Neue,Helvetica,Arial,Utkal,sans-serif;font-weight: 400;font-size: 24px;line-height: 1.1em;}@media all and (max-width: 736px) {.bxc.bx-campaign-1376914 .bx-element-1376914-oUX5Jvf> *:first-child {font-size: 16px;padding: 6px 0 0;line-height: 1.2;}}.bxc.bx-campaign-1376914 .bx-group-1376914-PZ8dLrW {width: 660px;padding: 0;min-width: 550px;text-align: left;}@media all and (max-width: 736px) {.bxc.bx-campa
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  • But Open organizers didn't stop there, issuing a news release threatening to expel her from the tournament if she kept it up.
  • And so, she quit. Read More
  • Her decision was surprising, but not entirely out of the blue. Earlier, Osaka had announced that she would be opting out of the tournament's "mandatory" media interviews, citing mental health concerns, including a history of depression.
  • Osaka first came into the spotlight at the 2018 US Open when her historic win against Serena Williams received boos from a crowd convinced that Williams was unfairly targeted by the umpire. What should have been an extraordinarily joyous occasion, her first major victory and the event that catapulted her into public recognition, was instead one that made her cry, both immediately following the match and when she went to collect her trophy. ESPN declared that "Naomi Osaka was denied her magic moment."
  • Simply put, it's because the world has unrealistic expectations of celebrities and athletes. We believe the public nature of their fame entitles us access to their private lives. In several recent interviews, such as one with podcaster Dax Shepard, Prince Harry has talked openly of his own mental health struggles and of the pressures he and his wife, Meghan Markle, have felt as objects of media fascination, pressures so severe that Markle thought of suicide.
  • Many of her fellow athletes agreed with her decision. Steph Curry tweeted, "you shouldn't ever have to make a decision like this -- but so damn impressive taking the high road when the powers that be don't protect their own. major respect @naomiosaka." Martina Navratilova tweeted her support of Osaka, noting that "as athletes we are taught to take care of our body, and perhaps the mental &amp; emotional aspect gets short shrift. This is about more than doing or not doing a press conference." Serena Williams offered her support, too.
  • Some tennis players, of course -- including Rafael Nadal and Sofia Kenin -- have come out to say that speaking to reporters is part of the job. But just because something has been part of the job needn't mean it should be, or that it should be for everyone. Osaka didn't just decide she didn't feel like giving interviews. She was forced to make a choice, and she chose herself. That takes courage, courage that is a shame she had to muster at all. Because in the end, the tennis world has lost a great, at least for now -- a point that deserves much more attention.
aidenborst

Opinion: Michael Flynn is playing with fire - CNN - 0 views

  • It's hard to get a grip on what's happened to one-time war hero, retired lieutenant general Michael Flynn.
  • Flynn, a former national security adviser to President Donald Trump, shockingly appeared to support a military coup in the United States during a Sunday keynote address to a Dallas conference organized by supporters of QAnon conspiracy theories.
  • An audience member at the Dallas event asked Flynn: "I want to know why what happened in Minamar (sic) can't happen here?" The audience raucously cheered this question. Flynn replied, "No reason. I mean, it should happen here. No reason. That's right." Again, the audience cheered heartily. Enter email to sign up for the CNN Opinion newsletter. "close dialog"Healing a divided country starts with listening. Sign up for refreshing takes from every perspective. Please enter aboveSign me upBy subscribing you agree to ourprivacy policy.Thanks for Subscribing!Continue ReadingBy subscribing you agree to ourprivacy policy."close dialog"/* effects for .bx-campaign-1376913 *//* custom css .bx-campaign-1376913 *//* custom css from creative 52220 */.bxc.bx-custom.bx-campaign-1376913 .bx-row-image-logo img { height: 42px;}@media screen and (max-width:736px) { .bxc.bx-custom.bx-campaign-1376913 .bx-row-image-logo img { height: 35px;}}/*Validation border*/.bxc.bx-custom.bx-campaign-1376913 .bx-row-validation .bx-input { border-color: #B50000; /*Specify border color*/ border-width: 1px; box-shadow: none; background-color: transparent; color: #B50000; /*Specify text color*/}/* rendered styles .bx-campaign-1376913 */.bxc.bx-campaign-1376913.bx-active-step-1 .bx-creative:before {min-height: 220px;}.bxc.bx-campaign-1376913.bx-active-step-1 .bx-creative {border-color: #c1c1c1;border-style: solid;background-size: contain;background-color: white;border-width: 1px 0;border-radius: 0;}@media all and (max-width: 736px) {.bxc.bx-campaign-1376913.bx-active-step-1 .bx-creative:before {min-height: 200px;}}.bxc.bx-campaign-1376913.bx-active-step-1 .bx-creative> *:first-child {width: 780px;vertical-align: middle;padding: 10px;}@media all and (max-width: 736px) {.bxc.bx-campaign-1376913.bx-active-step-1 .bx-creative> *:first-child {width: 340px;padding: 20px;}}.bxc.bx-campaign-1376913.bx-active-step-1 .bx-close {stroke: rgb(193, 193, 193);stroke-width: 2px;width: 24px;height: 24px;}@media all and (max-width: 736px) {.bxc.bx-campaign-1376913.bx-active-step-1 .bx-close {width: 30px;height: 30px;padding: 0 0 10px 10px;}}.bxc.bx-campaign-1376913 .bx-group-1376913-y4M7jyO {width: 660px;text-align: left;}@media all and (max-width: 736px) {.bxc.bx-campaign-1376913 .bx-group-1376913-y4M7jyO {text-align: center;width: 315px;}}.bxc.bx-campaign-1376913 .bx-element-1376913-tVcUlRZ {padding: 0;width: au
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  • On Monday, Flynn seemed to be trying to dial back, saying on social media that he doesn't support a military coup. Yet Flynn's comments in Dallas Sunday were made on video, which can be seen here by anyone who wants to judge Flynn's response for themselves.
  • Flynn's recent musings about coups, martial law and overturning legitimate presidential elections are all a very long way from the period after 9/11, when he served in the elite Joint Special Operations Command as a highly regarded intelligence officer in Afghanistan and Iraq.
  • Flynn was so well thought of that he was eventually promoted to lieutenant general and to run the Defense Intelligence Agency (DIA), but Flynn's overseers in the Obama administration thought he was an ineffective manager of DIA, a large agency with 17,000 employees, and in 2014 he was pushed out of his post.
  • After Trump won the presidency in 2016, he appointed Flynn his national security adviser, a post in which he served for the record briefest amount of time; only 24 days.
  • Flynn was fired for lying to Vice President Mike Pence about the content of conversations he had had with the Russian ambassador to the United States during the presidential transition. Flynn later pleaded guilty to lying to the FBI about the same issue.
  • Trump pardoned Flynn, but the eradication of his conviction doesn't seem to have impacted Flynn's continuing lack of good judgment: Calling for the overturning of a legitimate presidential election; floating the imposition of martial law and appearing to approve of a coup in the United States.
aidenborst

Dogecoin surges after Coinbase Pro lets some users trade it - CNN - 0 views

  • Dogecoin is going to the moon again.
  • The canine-themed digital currency soared more than 25% Wednesday to about 40 cents. Investors cheered the news that crypto giant Coinbase (COIN) was planning to let users of its Coinbase Pro service buy and sell dogecoin.
  • By Wednesday night, Dogecoin had reached 42 cents, according to Coinbase.
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  • "One of the most common requests we receive from customers is to be able to trade more assets on our platform," Coinbase said in a blog post Tuesday.
  • "We will make a separate announcement if and when this support is added," the company said.
  • But Musk is cheering the dogecoin comeback. Following the Coinbase announcement, Musk resurfaced a tweet of his from last July that showed a gigantic cloud with a dog's face on it and the text "dogecoin standard" that was approaching a landscape labeled "global financial system."Enter your email to receive CNN's nightcap newsletter. "close dialog"We read all day so you don’t have to.Get our nightly newsletter for all the top business stories you need to know.Please enter aboveSign me upBy subscribing you agree to ourprivacy policy.Success! Thanks for signing up for the CNN Business Nightcap newsletter."close dialog"/* effects for .bx-campaign-1334631 *//* custom css .bx-campaign-1334631 *//* custom css from creative 52221 */@keyframes bx-anim-1334631-spin { 100% { transform: rotate(360deg); }}/* rendered styles .bx-campaign-1334631 */.bxc.bx-campaign-1334631.bx-active-step-1 .bx-creative:before {min-height: 240px;}.bxc.bx-campaign-1334631.bx-active-step-1 .bx-creative {border-color: #00c59e;border-style: none;background-size: contain;background-color: #00c59e;}.bxc.bx-campaign-1334631.bx-active-step-1 .bx-creative> *:first-child {width: 780px;padding: 18px;vertical-align: middle;}@media all and (max-width: 736px) {.bxc.bx-campaign-1334631.bx-active-step-1 .bx-creative> *:first-child {width: 340px;padding: 18px 5px;}}.bxc.bx-campaign-1334631.bx-active-step-1 .bx-close {stroke: rgb(0, 0, 0);stroke-width: 1.5px;}@media all and (max-width: 736px) {.bxc.bx-campaign-1334631.bx-active-step-1 .bx-close {width: 30px;height: 30px;padding: 0 0 10px 10px;}}.bxc.bx-campaign-1334631 .bx-group-1334631-3EEWyi6 {width: 310px;text-align: left;}@media all and (max-width: 736px) {.bxc.bx-campaign-1334631 .bx-group-1334631-3EEWyi6 {text-align: center;}}.bxc.bx-campaign-1334631 .bx-element-1334631-GCtdzI1 {width: 290px;}@media all and (max-width: 736px) {.bxc.bx-campaign-1334631 .bx-element-1334631-GCtdzI1 {width: 230px;}}.bxc.bx-campaign-1334631 .bx-element-1334631-GCtdzI1> *:first-child {alt: CNN business Nightcap;}.bxc.bx-campaign-1334631 .bx-group-1334631-ZEoAbMC {width: 380px;padding: 15px 0 0 10px;text-align: left;}@media all and (max-width: 736px) {.bxc.bx-campaign-1334631 .bx-group-1334631-ZEoAbMC {width: 300px;padding: 18px 0 0;text-align: center;}}.bxc.bx-campaign-1334631 .bx-element-1334631-3bKsKxs {width: 100%;}@media all and (max-width: 736px) {.bxc.bx-campaign-1334631 .bx-element-1334631-3bKsKxs {width: 100%;}}@media all and (min-width: 1025px) {.bxc.bx-campaign-1334631 .bx-element-1334631-3bKsKxs {width: 500px;}}.bxc.bx-campaign-1334631 .bx-element-1334631-3bKsKxs> *:first-child {font-family: CNN,Helvetica Neue,Helvetica,Arial,Utkal,sans-serif;font-weight: 700;font-size: 20px;}@media all and (max-width: 736px) {.bxc.bx-campaign-1334631 .bx-element-1334631-3bKsKxs> *:first-child {font-size: 15px;min-width: auto;}}.bxc.bx-campaign-1334631 .bx-element-1334631-PQSiIV9 {width: 100%;}@media all and (max-width: 736px) {.bxc.bx-campaign-1334631 .bx-element-1334631-PQSiIV9 {width: 100%;}}@media all and (min-width: 1025px) {.bxc.bx-campaign-1334631 .bx-element-1334631-PQSiIV9 {width: 500px;}}.bxc.bx-campaign-1334631 .bx-element-1334631-PQSiIV9> *:first-child {font-family: CNN,Helvetica Neue,Helvetica,Arial,Utkal,sans-serif;font-weight: 400;font-size: 16px;padding: 8px 0 0;}@media all and (max-width: 736px) {.bxc.bx-campaign-1334631 .bx-element-1334631-PQSiIV9> *:first-child {font-size: 14px;padding: 6px 0 0;}}.bxc.bx-campaign-1334631 .bx-group-1334631-UY4jwxF {width: 695px;paddi
katherineharron

Biden White House would welcome Trump's help in promoting vaccine - CNNPolitics - 0 views

  • The White House said it would welcome former President Donald Trump's help in promoting the coronavirus vaccine to his supporters but says there are other ways to convince conservatives to get the shot.
  • "I discussed it with my team and they say the thing that has more impact than anything Trump would say to the MAGA folks is what the local doctors, what the local preachers, what the local people in the community say," Biden said at the White House on Monday.
  • Earlier, the White House laid out how it was reaching conservatives with vaccine messaging, even as officials acknowledged a Democratic president did not carry the same weight among that population as other public figures.Read More"If former President Trump woke up tomorrow and wanted to be more vocal about the safety and efficacy of the vaccine certainly we'd support that," press secretary Jen Psaki said at a Monday's White House briefing.close dialogThe world is watching as the Biden administration takes office.Get updates on US politics delivered to your inbox daily. Sign Me UpNo ThanksBy subscribing you agree to ourprivacy policy.The world is watching as the Biden administration takes office.Get updates on US politics delivered to your inbox daily. Please enter aboveSign Me UpBy subscribing you agree to ourprivacy policy.Success! See you in your inbox.//assets.b
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  • Health officials, including Dr. Anthony Fauci, have said Trump's voice in promoting the vaccine would go far in convincing Republicans to get it.
  • Trump has made small efforts to promote the vaccine, including in a speech at this year's Conservative Political Action Conference, but he did not appear in a public service announcement featuring former presidents that was released last week.Psaki noted those presidents -- Barack Obama, George W. Bush, Bill Clinton and Jimmy Carter -- "did not need an engraved invitation" to promote the vaccine.
  • "The President's goal is to vaccine all Americans, not just those who voted for him," she said. "We know we need to meet everyone where they are, and that includes conservatives."
katherineharron

Opinion: The danger of a giant Covid belly flop - CNN - 0 views

  • As more and more vaccinations are administered in the US, the Covid-19 story, which once was nothing more than a tale of enormous tragedy, now has a new plotline: how best to return to normal.
  • transmission of a virus depends on a non-immune person bumping into an actively infected person. With more and more vaccination, the likelihood that a non-immune person will come in contact with an infected person is progressively reduced until -- poof -- the risk of catching the infection is almost gone (though never zero).
  • The issue in 1918, when the first article describing herd immunity was published, was the threat of epidemic miscarriage due to a bacterium among pregnant cows in Kansas.
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  • Consider a calculation to determine the threshold for herd immunity: Vc=(1− 1/R0)/E. "Vc" is the proportion of people who must be vaccinated to protect the rest of the herd, "R0," pronounced R-naught, is an estimate of the number of secondary cases from the original infected person and "E" represents effectiveness of a given vaccine against transmission. And this, which resembles a brutal SAT math section entry, is the dumbed-down version.
  • This is not a fund-raiser with a fixed universal goal we all are striving to reach. The above equation evaluates the nation as a homogenized entity, but people live in communities
  • In other words, susceptible cows should be culled to lessen the risk of new infections
  • Though, of course, the fix -- culling -- is not an option for human disease, the benefit of an immune herd is self evident.
  • Fast forward to the 21st century world of vaccines. Pandemics and health care are decidedly more complex, which has led all to wonder: what is the magic number of people we need to vaccinate so we can all forget these disastrous last 14 months?close dialogOur free Provoke/Persuade newsletter compiles the week’s most thought-provoking pieces and delivers them straight to your inbox. Please enter aboveSign me upBy subscribing you agree to ourprivacy policy.Thanks for Subscribing!Continue ReadingBy subscribing you agree to ourprivacy policy.close dialog/* effects for .bx-campaign-1295603 *//* custom css .bx-campaign-1295603 *//* custom css from creative 52220 */.bxc.bx-custom.bx-campaign-1295603 .bx-row-image-logo img { height: 42px;}@media screen and (max-width:736px) { .bxc.bx-custom.bx-campaign-1295603 .bx-row-image-logo img { height: 35px;}}/*Validation border*/.bxc.bx-custom.bx-campaign-1295603 .bx-row-validation .bx-input { border-color: #B50000; /*Specify border color*/ border-width: 1px; box-shadow: none; background-color: transparent; color: #B50000; /*Specify text color*/}/* rendered styles .bx-campaign-1295603 */.bxc.bx-campaign-1295603.bx-active-step-1 .bx-creative:before {min-height: 220px;}.bxc.bx-campaign-1295603.bx-active-step-1 .bx-creative {border-color: #c1c1c1;border-style: solid;background-size: contain;background-color: white;border-width: 1px 0;border-radius: 0;}@media all and (max-width: 736px) {.bxc.bx-campaign-1295603.bx-active-step-1 .bx-creative:before {min-height: 200px;}}.bxc.bx-campaign-1295603.bx-active-step-1 .bx-creative> *:first-child {width: 780px;vertical-align: middle;padding: 10px;}@media all and (max-width: 736px) {.bxc.bx-campaign-1295603.bx-active-step-1 .bx-creative> *:first-child {width: 340px;padding: 20px;}}.bxc.bx-campaign-1295603.bx-active-step-1 .bx-close {stroke: rgb(193, 193, 193);stroke-width: 2px;width: 24px;height: 24px;}@media all and (max-width: 736px) {.bxc.bx-campaign-1295603.bx-active-step-1 .bx-close {width: 30px;height: 30px;padding: 0 0 10px 10px;}}.bxc.bx-campaign-1295603 .bx-group-1295603-y4M7jyO {width: 660px;text-align: left;}@media all and (max-width: 736px) {.bxc.bx-campaign-1295603 .bx-group-1295603-y4M7jyO {text-align: center;width: 315px;}}.bxc.bx-campaign-1295603 .bx-element-1295603-tVcUlRZ {padding: 0;width: auto;}.bxc.bx-campaign-1295603 .bx-element-1295603-tVcUlRZ> *:first-child {background-color: transparent;background-size: contain;}.bxc.bx-campaign-1295603 .bx-group-1295603-BpRQ7DR {width: 660px;text-align: left;padding: 25px 0 15px;}@media all and (max-width: 736px) {.bxc.bx-campaign-1295603 .bx-group-1295603-BpRQ7DR {width: 310px;padding: 15px 0 15px;text-align: center;}}.bxc.bx-campaign-1295603 .bx-element-1295603-oUX5Jvf {width: 100%;}@media all and (max-width: 736px) {.bxc.bx-campaign-1295603 .bx-element-1295603-oUX5Jvf {width: auto;}}.bxc.bx-campaign-1295603 .bx-element-1295603-oUX5Jvf> *:first-child {font-family: CNN Business,CNN,Helvetica Neue,Helvetica,Arial,Utkal,sans-serif;font-weight: 400;font-size: 24px;line-height: 1.1em;}@media all and (max-width: 736px) {.bxc.bx-campaign-1295603 .bx-element-1295603-oUX5Jvf> *:first-child {font-size: 16px;padding: 6px 0 0;line-height: 1.2;}}.bxc.bx-campaign-1295603 .bx-group-1295603-PZ8dLrW {width: 660px;padding: 0;min-width: 550px;text-align: left;}@media all and (max-width: 736px) {.bxc.bx-campaign-1295603 .bx-group-1295603-PZ8dLrW {min-width: auto;width: 310px;padding: 0;}}@media all and (min-wi
  • Lessening the threat of fetal loss therefore was straightforward: farmers should "retain" immune cattle -- those who had already had a spontaneous abortion -- and not waste "material, time, and energy ... on animals of doubtful value." Rather, they advised to butcher the non-immune cows and concentrate on the immune, "profitable" ones.
  • A famous mumps outbreak in adolescent boys from the Orthodox Jewish community is thought to have been exacerbated by the school practice of promoting close, sustained (15 hours a day) contact with a study partner ("chavrusa") including "animated" face-to-face discussion resulting in transmission despite the fact that most had been vaccinated years before.
  • Stated more simply, the herd likely is protected at a very different percent of vaccinated people in an Orthodox Jewish community in San Diego where people live near the school and walk to most activities compared to a gated community in a Minneapolis suburb where many prefer to keep to themselves.
  • We have received a master class in viral variants in recent months, witnessing day by day the alarming uptick in new cases as the B.1.1.7. variant has been introduced to new communities. But a single R-naught cannot fit all variants of Covid-19; a community with higher rates of B.1.1.7. and, therefore, a higher R-naught will require, among other things, a higher level of vaccination to designate the herd as sufficiently immune.
  • There is not one magic number to signal to the entire country that we have finally made it;
  • This is extremely important to keep in mind in the weeks and months ahead as we continue to vaccinate and wait and vaccinate and wait, chasing a number that is fundamentally misleading.
  • The heterogeneity of human behavior, geography and the virus itself explains the vagueness of the pronouncements of Dr. Anthony Fauci, the chief medical adviser to President Joe Biden, and other experts as they seek to evade specifying just how many more people need vaccination before we officially can claim victory.
  • As we have seen in the US during the 15-month arc of the pandemic, trust in science and scientists has been the key to progress. Masks work. Vaccines work. Certain medications work.
carolinehayter

Poll On Capitol Riot: Majority Of Americans Blame Trump : NPR - 0 views

  • Almost 6 in 10 Americans said they blame President Trump for the violent insurrection that took place at the U.S. Capitol Jan. 6 by a mob of his supporters, according to the latest NPR/PBS NewsHour/Marist poll.
  • But they are split on whether Congress should continue to take action against him after he leaves office next week, and half believe social media companies like Facebook and Twitter — which have banned him from their platforms — should not continue to restrict Trump after Wednesday.
  • Eight in 10 Republicans disagree that Trump is to blame for the violence, don't believe social media companies should continue restrictions on him and don't trust that results of the 2020 election were accurate.
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  • Trump has continued to falsely claim that the election was stolen and rigged, repeating that message to tens of millions of his followers. That was amplified by conservative media in the lead-up to the violence Jan. 6 that was intended to stop the ceremonial counting of the Electoral College votes from the states that showed Democrat Joe Biden won the presidential election. To date, Trump has still not conceded, even after the House impeached him for the second time Wednesday. Following the vote, Trump released a video denouncing plans for further violence and promised a peaceful transition, but he did not congratulate President-elect Biden on his victory.
  • Overall, 58% said Trump is to blame either a "great deal" or a "good amount" for the violence at the Capitol, while 40% said "not much" or "not at all."
  • Predictably, there is a very sharp partisan divide — 92% of Democrats and 55% of independents blame Trump, but 82% of Republicans do not.
  • When it comes to trusting that the results of the election are accurate, 60% said they do, while 38% said they don't. Almost all Democrats (92%) trust the results, as do a majority of independents (56%). But just 1 in 5 (20%) of Republicans do; a whopping 78% do not.
  • As with most things in the Trump presidency, there's a big split between whites with college degrees and those without — 67% of whites with degrees trust the results, while 50% of whites without do not.
  • There's also a predictable race and age split — 67% of nonwhites trust the result, compared to 56% of whites; 68% of Gen Z and Millennials (those under 40) trust them, compared to 51% of Gen Xers, 59% of Baby Boomers and 55% of the "Silent/Greatest" generation (those over 74).
  • Whether Congress should continue to take action against Trump for the Capitol violence is more controversial than whether he is to blame. Americans are split on this question. By a statistically insignificant margin, 49% to 48%, they think Congress should. Among registered voters, however, it turns slightly more opposed, 50% to 47%.
  • The key here is independents. While 84% of Democrats think Congress should continue to pursue action and 88% of Republican think it should not, independents by a 13-point margin said it should not (55% to 42%).
  • By a 50%-43% margin, Americans do not think social media companies should continue to restrict Trump's use of their platforms beyond his term as president
  • Three-quarters of Democrats (73%) think they should, but 79% of Republicans and 56% of independents think they should not.
Javier E

Russia's opposition roars on social media as Putin's allies plod along on state TV - The Washington Post - 0 views

  • As social media sites such as TikTok and Instagram help energize young Russians against Putin, the Kremlin’s attempts at counter­messaging seem stuck in another age.
  • Another wave of demonstrations is planned for Sunday, with TikTok videos from last weekend’s protests acting as an engine driving more youths to the movement.
  • “We were shocked by the police violence, because we weren’t expecting such violence,” recounted Moscow protester Maria Isayeva, 24, who said riot police hit her several times on the head, requiring six stitches. “The main thing that keeps our protests smaller than they could be is that people are afraid of violence.”ADBut she said she would take part in a planned protest Sunday.
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  • “It’s important not just to me, to prove to myself that I am not afraid, but also for them to see that people are not afraid of violence anymore,” she said. “Staying at home feels safer, but it’s not safer, because you’re still without any human rights.”
  • “The most fundamental thing about Russian politics is that young people don’t watch TV,”
  • He said youths were “much less trusting of the government and much less loyal” because they were not seeing state television’s portrayals of Russia as a strong, self-reliant power with great leadership but surrounded by enemies.
  • “The biggest challenge for the government is a generational shift in news sources, and this is why they’re so afraid,” he added.
  • 39 percent of Russians would vote for Putin if elections were held. But the percentage of people age 18 to 24 willing to vote for him fell from 36&nbsp;percent to 20&nbsp;percent over the previous year.
  • the Kremlin was banking on the fact that few young people bothered to vote, but its efforts to stop young protesters through force might only energize many of them. Intimidation might deter some of them but will not win over their hearts and minds, he said.
  • “Now it’s trendy to be in the opposition,” Gallyamov said. “Several years ago, those in opposition were hopeless marginals. Now, supporting the authorities is becoming marginal.”
Javier E

The Young Left Is a Third Party - The Atlantic - 0 views

  • Americans 55 and up account for less than one-third of the population, but they own two-thirds of the nation’s wealth, according to the Federal Reserve. That’s the highest level of elderly wealth concentration on record. The reason is simple: To an unprecedented degree, older Americans own the most valuable real estate and investment portfolios. They’ve captured more than 80 percent of stock-market growth since the end of the Great Recession.
  • under the age of 40, for their part, are historically well educated, historically peaceful, and historically law-abiding
  • “In the U.S, as in the U.K. and in much of Europe, 2008 was the end of the end of history,” says Keir Milburn, the author of Generation Left, a book on young left-wing movements. “The last decade in the U.K. has been the worst decade for wage growth for 220 years. In the U.S., this generation is the first in a century that expects to have lower lifetime earnings than their parents. It has created an epochal shift.”
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  • Young Americans demanding more power, control, and justice have veered sharply to the left. This lurch was first evident in the two elections of Barack Obama, when he won the youth vote by huge margins
  • Obama won about 60 percent of voters younger than 30 in the 2008 primary. Bernie Sanders won more than 70 percent of under-30 voters in the 2016 primary, which pushed Hillary Clinton to the left and dragged issues like Medicare for All and free college from the fringe to the mainstream of political debate.
  • Joe Biden polled at 2 percent among voters under 30, within the margin of error of zero. Nationally, he is in single digits among Millennials, the generation born between 1981 and 1996. Yet Biden is the Democratic front-runner for the 2020 presidential nomination, thanks to his huge advantage among old voters and black voters, who are considerably more moderate than younger Democrats.
  • Bernie Sanders, by contrast, leads all candidates among voters under 30 and polls just 5 percent among voters over 65
  • justice: Social justice, sought through a reappraisal of power relationships in social and corporate life, and economic justice, sought through the redistribution of income from the rich to the less fortunate.
  • age—perhaps even more than class or race—is now the most important fault line within the Democratic Party. 2c 2c 2c 2c 2c 2c 2c 2c 2c
  • It might be most useful to think about 2cyoung progressives as a third party trapped in a two-party system.
  • they are a powerful movement politically domiciled within a larger coalition of moderate older minorities and educated suburbanites, who don’t always know what to do with their rambunctious bunkmates.
  • this progressive third party’s platform look like?
  • age divides young leftists from both Republicans and Democrats. Democrats under 30 have almost no measurable interest in the party’s front-runner. Democrats over 65 have almost no measurable interest in the favored candidate of the younger generation.
  • This group’s support for Medicare for All, free college, and student-debt relief is sometimes likened to a “give me free stuff” movement.
  • every movement wants free stuff, if by free stuff one means “stuff given preferential treatment in the tax code.” By this definition, Medicare is free stuff, and investment income is free stuff, and suburban home values propped up by the mortgage-interest deduction are free stuff. The free stuff in the tax code today benefits Americans with income and wealth—a population that is disproportionately old.
  • Medicare for All might be politically infeasible, but it is, taken literally, a request that the federal government extend to the entire population the insurance benefits now exclusively reserved for the elderly. That’s not hatred or resentment; it sounds more like justice.
  • across ethnicities, many Americans have a deep aversion to anything that can be characterized as “political correctness” or “socialism.”
  • this might be the biggest challenge for the young progressive agenda
  • While Medicare for All often polls well, its public support is exquisitely sensitive to framing. According to the Kaiser Family Foundation, the net favorability of eliminating private insurance or requiring most Americans to pay more in taxes—both part of the Sanders plan—is negative-23 points.
  • The young left’s deep skepticism toward capitalism simply isn’t shared by previous generations.
  • Gen X is firmly pro-capitalist and Baby Boomers, who came of age during the Cold War, prefer capitalism over socialism by a two-to-one margin.
  • Social Security and Medicare are, essentially, socialism for the old, but that’s not the same as converting them into Berniecrats.)
  • “This is only the halfway point of an epochal change in Western politics following the Great Recession,” Keir Milburn says. The far right has responded with calls for xenophobic nationalism to preserve national identity, while the left has responded with calls for social democracy to restore socioeconomic justice
  • the far right is ascendant, but they have no answer to the future because they’ve given up on the future. The young left has identified that the future of adulthood no longer feels viable to many people, and it’s putting together a different vision.”
aidenborst

Stocks week ahead: Saying goodbye to a wild 2020 - CNN - 0 views

  • The Dow and the S&amp;P 500 ended the year at record highs and the Nasdaq Composite logged its best performance since 2009 with a whopping 43.6% jump. Overall, the indexes registered gains for the second year in a row.
  • Nobody could have predicted the market mayhem of 2020. Stocks hit record highs at the start of the year, before worries about the coronavirus pandemic — first abroad and then closer to home — pushed US markets into a spiral in February and March. The Dow routinely set new records for worst one-day point drops in history, and the New York Stocks Exchange had to suspend trading in the S&amp;P 500 multiple times as the selloff triggered circuit breakers.
  • But in the months that followed, the market recovered — and faster than many had expected.
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  • Some of the year's biggest winners are investors who closed their eyes and muffled their ears during the pandemic selloff and held onto their stocks. By the end of the year, their portfolio balances were looking pretty good
  • "This year was a year with a lot of reminders for investors: number one, don't overreact," Leo Grohowski, chief investment officer at BNY Wealth Management, told CNN Business.close dialogBefore Markets OpenStart your day smartGet essential news and analysis on global markets with CNN Business’ daily newsletter. Sign me upNo thanksBy subscribing you agree to ourprivacy policy.By subscribing you agree to ourprivacy policy.Before Markets OpenStart your day smartGet essential news and analysis on global markets with CNN Business’ daily newsletter. Please enter aboveSign me upNo thanksBy subscribing you agree to ourprivacy policy.By subscribing you agree to ourprivacy policy.Before Markets Open
  • The disconnect between Wall Street and Main Street will likely be a topic that follows us into the New Year.
  • The US economy is operating at 82% of where it was in early March, according to the Back-to-Normal Index from Moody's Analytics and CNN Business.
xaviermcelderry

Biden Leads Trump in Four Key States, Poll Shows - The New York Times - 0 views

  • “doesn’t lie to you. If he says he’s going to do something, he goes and he does it.”
    • yehbru
       
      wow...
  • In Arizona, for example, the president had an eight-point advantage with men but Mr. Biden was the overwhelming favorite of women, winning 56 percent of them compared with Mr. Trump’s 38 percent.
  • The former vice president is leading by double digits among white voters with college degrees in Wisconsin, Pennsylvania and Arizona and beating him, 48 percent to 45 percent, with that constituency in Florida.
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  • Mr. Biden is also poised to become the first Democrat in 20 years to carry older adults, the voters who are most at risk with the coronavirus.
  • But the president is facing an even larger gender gap in the Hispanic community than he is over all: Latinas favor Mr. Biden by 39 points.
  • Joseph R. Biden Jr. holds a clear advantage over President Trump across four of the most important presidential swing states, a new poll shows, bolstered by the support of voters who did not participate in the 2016 election and who now appear to be turning out in large numbers to cast their ballots, mainly for the Democrat.
  • His strength is most pronounced in Wisconsin, where he has an outright majority of the vote and leads Mr. Trump by 11 points, 52 percent to 41 percent.
  • Mr. Biden’s performance across the electoral map appears to put him in a stronger position heading into Election Day than any presidential candidate since at least 2008
  • Should Mr. Biden’s lead hold in three of the four states tested in the survey, it would almost certainly be enough to win, and if he were to carry Florida, he would most likely need to flip just one more large state that Mr. Trump won in 2016 to clinch the presidency.
  • In the closing days of the campaign, Mr. Biden has a modest advantage in Florida, where he is ahead of Mr. Trump by three points, 47 percent to 44 percent, a lead that is within the margin of error.
  • While that advantage has varied over time, and has differed from state to state, he has at no point slipped behind Mr. Trump in any of the swing states that are likeliest to decide the election.
  • Mr. Trump has continued to hold onto most of the coalition that elected him in the first place, made up chiefly of rural conservatives and white voters who did not attend college.
  • More broadly, Mr. Trump is facing an avalanche of opposition nationally from women, people of color, voters in the cities and the suburbs, young people, seniors and, notably, new voters. In all four states, voters who did not participate in 2016, but who have already voted this time or plan to do so, said they support Mr. Biden by wide margins.
  • In Wisconsin, voters who did not cast a ballot in 2016 favor Mr. Biden by 19 points. They have a similarly lopsided preference in Florida, where Mr. Biden leads by 17 points. His advantage with people who did not vote in 2016 is 12 points in Pennsylvania and 7 points in Arizona.
  • The numbers on new voters represent a setback for the president, whose advisers have long contended he would outperform his polling numbers because of the support he would receive from infrequent or inconsistent voters
  • Mr. Trump’s apparent weakness in many of the country’s largest electoral prizes leaves him with a narrow path to the 270 Electoral College votes required to claim victory, short of a major upset or a systemic error in opinion polling surpassing even the missteps preceding the 2016 election.
  • The margin of error is 3.2 percentage points in Wisconsin and Florida; 3 points in Arizona and 2.4 points in Pennsylvania.Mr. Biden has consistently held the upper hand over Mr. Trump across the electoral map in polling conducted by The Times since late last spring.
  • Amid that bleak outlook, the president has continued to baselessly cast doubt on the integrity of the election. On Saturday in Pennsylvania, he told supporters that the nation could be waiting for weeks to learn of a winner and that “very bad things” could happen as ballots are counted in the days after the election.
  • Many of the those who said they did not vote in 2016 said they had already voted this year. In Florida and Arizona, more than two thirds of nonvoters in 2016 who were identified as likely voters this year said that they had already cast a ballot. That figure was 56 percent in Wisconsin and 36 percent in Pennsylvania.
  • Based on the poll, however, it seems that Mr. Biden rather than Mr. Trump could be the beneficiary of record-busting turnout.
  • If the president is defeated, the most obvious explanation may be his weakness with women. Mr. Biden led Mr. Trump by double digits among female voters in each of the four states, and in some states the advantage was so significant that it offset Mr. Trump’s strength among men.
mariedhorne

Trump Poised to Match 2016 Latino Support, Poll Shows - WSJ - 0 views

  • President Trump appears poised to receive roughly the same amount of Latino support in this week’s election as in 2016, despite efforts by each party to move the needle with a key voting bloc, the latest Wall Street Journal/NBC/Telemundo poll shows.
  • Democrat Joe Biden leads Mr. Trump among Latino voters, 62% to 29%. That is a within-the-margin-of-error uptick for Mr. Trump from when the survey was last conducted, in September, when Mr. Biden led the president 62% to 26%.
  • In 2016, former Secretary of State Hillary Clinton won 66% of the Latino vote, exit polls found, while Mr. Trump received 28%. In this survey, 9% of Latino voters remain undecided or plan to back another candidate, down from 13% in September.
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  • Latino voters in Florida and Arizona had Mr. Biden leading Mr. Trump among the group 55% to 33% and 66% to 26%, respectively.
  • Almost two-thirds—64%—say they disapprove of Mr. Trump’s handling of the crisis, while 28% approve. By a 12-point margin, Latino voters said coronavirus was more important than the economy in determining their vote
  • Just 63% of Latino voters ranked their interest in the race at the very top of a scale from one to 10, compared with 82% of non-Latino white voters and 74% of Black voters. The 63% for Latinos is higher than the 58% recorded in a Wall Street Journal/NBC News poll conducted shortly before the 2016 election.
  • For the final week of the campaign, Mr. Biden had almost three times as much money booked as Mr. Trump for Spanish-language broadcast television ads, $2.4 million to $829,000, data from ad-tracking firm Kantar/CMAG showed.
  • The oversample of Latino voters was conducted in conjunction with The Wall Street Journal/NBC News poll conducted Oct. 29-31. The survey, which included 410 registered Latino voters, has a margin of error of plus or minus 4.8 percentage points
xaviermcelderry

What We'll Know on Every Hour of The Election - The New York Times - 0 views

  • Signs of a Biden win: If Mr. Biden still holds a comfortable lead in Florida after the early votes arrive in the Panhandle, the president’s chances are on life support. Of course, the needle will probably have told you this already. North Carolina’s Election Day vote will take longer, but maybe we’ll have enough votes there for the needle to start to make up its mind.AdvertisementContinue reading the main storySigns of a Trump win: If Mr. Trump has already fought Mr. Biden to a draw in Florida, this one could go down to the wire — a precondition for a national Trump victory. At this point, victory in Florida would come down to the straggling Election Day vote: Democratic ballots in Miami-Dade and Broward, versus a whole lot of Republican vote elsewhere in the state. Again, the needle will be your guide.
  • Signs of a Biden win: If Mr. Biden’s still leading or outright victorious in North Carolina and Florida, according to the needle. We also ought to have some counties all wrapped up in Ohio, for our first clear look at what’s happening in the Midwest. If Mr. Biden is running well ahead of Mrs. Clinton’s performance there in 2016, that will be a clear tell that the polls were generally right about his strength among white voters.AdvertisementContinue reading the main storySigns of a Trump win: If Mr. Trump’s going to win, he will need to be favored in North Carolina and Florida at this point, at least in the view of the needle. He’ll also need to show some surprising strength in the first counties to wrap up in the Northern battlegrounds.
  • Signs of a Biden win: Let’s suppose that Mr. Biden didn’t win Florida and North Carolina, which we more or less ought to know by 10 p.m. First, we’re going to want to see if he has a big lead in the Arizona early vote. He ought to have one. Then all eyes on the Midwest — and especially Wisconsin and Ohio. Here, we’re looking for early signs of strength for Mr. Biden. In Ohio, we’re focused on the completed counties; in Wisconsin, we’re trying to take a broad, aggregate view of all the counties without centralized absentee precincts. If Mr. Biden’s doing far better than Hillary Clinton did in 2016 in mostly white rural areas, that might be all we need to know. We’ll also have to keep a special eye on the counties in Appalachian eastern Ohio, for some hints on Pennsylvania.Signs of a Trump win: First, did Mr. Trump keep it close in the Arizona early vote? That would be a good sign for him. Then all eyes are on these mostly white Midwestern counties, especially those that have counted all of their vote. The president needs to match his 2016 tallies — or more. If the polls are right, he’ll fare far worse. If they’re wrong, we’ll know — even if we’re not yet sure whether he’ll squeak it out again
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  • Signs of a Biden win: If the polls are right and the count is on track, Mr. Biden is probably getting a Wisconsin and Nevada call on election night. Georgia’s another possibility — if Mr. Biden is going to win the state, he has probably caught up to Mr. Trump by now. If the night’s going really well for Mr. Biden, maybe he’s still competitive or even leading in Iowa, Ohio or Texas.AdvertisementContinue reading the main storyMichigan and Pennsylvania? Well, we’re just going to have to wait and see. Of the two, Michigan seems more plausible.Exactly where will the count stand in Michigan and Pennsylvania if Mr. Biden’s on track for victory? It depends on how many absentee ballots they get through, of course. If they haven’t counted many mail ballots, Mr. Trump could even lead by double digits.The better measure: Focus on any counties that manage to wrap up their count. I’d guess some will get pretty close. If Mr. Biden’s winning, he will start to outrun Mrs. Clinton’s 2016 showing in the counties that get through their mail votes. That could be the tell.Signs of a Trump win: If the president’s on track, the race in Nevada and Wisconsin might be too close to call. Even if he eventually loses Wisconsin, he might hold on to the lead all the way until we get the absentees from Milwaukee. He probably already got the call in that long list of states where Mr. Biden’s hoping to squeak out a win, like Ohio and so on.The most important sign would be a lead in Pennsylvania and Michigan. In Pennsylvania, it could easily be a double-digit lead, depending on just how many absentee ballots have been counted. With Mr. Biden holding such a commanding lead among the third of the electorate that voted early, a Trump win most likely involves a double-digit victory on Election Day — and a double-digit lead in the count, late into the night.
Javier E

Those Obama-Trump Counties - The Bulwark - 0 views

  • Of the 206 counties that voted for Obama in both 2008 and 2012 but then went for Trump in 2016, nearly all of them—186 as of this writing—remained faithful to the president in 2020.
  • For Democrats the picture is slightly better in the upper Midwest. Trump won by smaller margins in a number of Obama-Trump counties in Minnesota, Wisconsin, and Michigan. A few even flipped back into the Democratic fold: Biden edged out Trump in 1 of Michigan’s 12 Obama-Trump counties, and a few in Minnesota, a state that went narrowly for Clinton
  • Even in these states, though, Trump actually padded his margins in many Democratic strongholds that Obama and Biden won just eight years ago.
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  • Biden’s weak showing in Obama-Trump country is a reminder that Democrats will need to reckon with their increasingly strained relationship to the white working class.
  • As we argue in our new book, Trump’s Democrats, citizens in these communities admire Trump not primarily because of defects in their personal character. Rather, they like Trump for reasons that are more cultural than psychological.
  • many were Trumpy well before Trump arrived on the national political stage. Some of these communities’ most beloved Democratic leaders are brazen, thin-skinned, nepotistic, and promise to provide for their constituents by cutting deals—and corners, if needed. This is partly because their political culture has been shaped by a working-class honor culture that prizes strong men and a tradition of boss-style politics that is more transactional than ideological.
  • These citizens also have strong loyalties to hometowns that are confronting serious social and economic problems. Unlike the Proud Boys, most Trump Democrats take more pride in their hometown than their skin color
  • just looking at some of the places where he performed well at the polls suggests that his appeal cannot be reduced to white nationalism.
  • Biden, after all, won back some of these states by the slimmest of margins despite a pandemic and slumping economy hanging over the head of the incumbent president
  • it really took a plague to drive Donald Trump from office.
  • even if Democrats are somehow able to consistently cobble together winning coalitions without these voters, they still have to ask themselves a more existential question: What kind of party do they want theirs to become? More pointedly, do they want to have a broad-based party of the American working class?
  • progressives need to better understand the cultural chasm that divides blue communities in college towns and urban centers from those that lie behind the Democrats’ tattered blue wall.
  • Republicans, meanwhile, face a different challenge. They need to dispense with Trumpism without alienating the president’s new enthusiasts. To walk that tightrope, they need a far better cultural understanding of these Obama-Trump voters
  • For Never Trumpers that begins by resisting the temptation to read Trump’s deplorableness back into his supporters.
katherineharron

US coronavirus: America is at a crossroads in this pandemic as Covid-19 deaths near 500,000 - CNN - 0 views

  • On the brink of a devastating milestone -- 500,000 US Covid-19 deaths -- the US is at a crossroads in the course of this pandemic.
  • And while vaccinations slowly increase, some Americans say they won't get a Covid-19 vaccine -- hurting the chances of herd immunity and hindering a return to normal life.
  • More than 43.6 million Americans have received at least one dose of their two-dose vaccines, according to the US Centers for Disease Control and Prevention. close dialogCovid-19Your local resource.Set your location and log in to find local resources and information on Covid-19 in your area.Please enter aboveSet Locationclose dialog/* effects for .bx-campaign-1191325 *//* custom css .bx-campaign-1191325 *//* custom css from creative 50769 */.bx-custom.bx-campaign-1191325 .bx-row-validation .bx-input {border-color: white !important;border-width: 1px !important;background-color: white !important;box-shadow: 0px 2px 8px 1px rgba(0,0,0,0.12) !important;}.bx-custom.bx-campaign-1191325 .bx-row-validation .bx-vtext { color: #e53841 !important; font-size: 11px !important; position: absolute !important; bottom: -1.8em !important;} @media screen and (max-width:736px) { .bx-custom.bx-campaign-1191325 .bx-row-validation .bx-vtext {font-size: 10px !important; }}.bx-custom.bx-campaign-1191325 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  • About 18.8 million have been fully vaccinated. That's about 5.7% of the US population -- far less than the estimated 70% to 85% of Americans who would need to be immune to reach herd immunity.
  • To speed up vaccinations, some experts have suggested delaying second vaccine doses to get more first doses into people's arms.
  • Both vaccines on the US market -- developed by Pfizer-BioNTech and Moderna -- require two doses, the second of which are intended to be administered 21 days and 28 days after the first, respectively.
  • Nationwide, the rates of new Covid-19 cases, hospitalizations and deaths are declining.The number of patients hospitalized with Covid-19 has fallen for the 40th day in a row, according to the COVID Tracking Project.
  • Fauci hopes that doesn't happen, he said, adding it's "possible" people may be wearing masks in 2022.
  • And daily new cases have dropped 23% over the same time period, according to Johns Hopkins. (But testing is also down by 17%, according to the COVID Tracking Project.)
  • About 1,700 cases of variant strains first spotted in the UK, South Africa and Brazil have been reported in the US, according to the Centers for Disease Control and Prevention.
  • Experts with the University of Washington's Institute for Health Metrics and Evaluation said over the weekend that while the B.1.1.7 strain likely accounts for less than 20% of current infections in the US, that number will likely soar to 80% by late April.
  • "Managing the epidemic in the next four months depends critically on scaling up vaccination, trying to increase the fraction of adults willing to be vaccinated above three-quarters, and strongly encouraging continued mask use and avoiding situations where transmission is likely, such as indoor dining, going to bars, or indoor gatherings with individuals outside the household," the team wrote.
  • "With new, more contagious variants of the virus circulating throughout the U.S., now is not the time to let your guard down and scale back on the measures that we know will work to prevent further illness and deaths -- wearing masks, practicing physical distancing, and washing hands," a joint statement said.
  • Daily deaths have declined 24% this past week compared to the previous week
  • "I do think we're looking at some new normals. I think the handshake, for example, is probably going away," she said."I do think masks in the cough/cold/flu season in the winter months would make a lot of sense. That clearly, really insulated the Southeast Asian countries from some of the worst of this, understanding the importance of wearing masks."
  • "It's estimated that about 70% of Americans must be vaccinated before we get to herd immunity through vaccination," CNN medical analyst Dr. Leana Wen said. "That's the point where enough people have the immune protection that the virus won't spread anymore."
  • "The evidence was pretty compelling by last March or April that uniform wearing of masks would reduce transmission of this disease," National Institutes of Health Director Dr. Francis Collins told Axios on HBO on Sunday.
  • "A mask is nothing more than a life-saving medical device, and yet it got categorized in all sorts of other ways that were not factual, not scientific and frankly, dangerous," he added. "And I think you can make a case that tens of thousands of people died as a result."
katherineharron

Biden's popular vote margin over Trump tops 7 million - CNNPolitics - 0 views

  • President-elect Joe Biden's margin over President Donald Trump in the nationwide popular vote is now more than 7 million votes and may continue to grow as several states continue counting votes.
  • Biden's lead over Trump is the second largest since 2000
  • Biden had won about 81.2 million votes, the most votes a candidate has won in US history, and Trump had won about 74.2 million.
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  • Trump's vote count makes him the second-highest vote earner in American history.
  • the President has refused to concede the race and continues to make baseless claims about widespread voter fraud.
  • Biden won 306 electoral votes, while Trump has 232. Two hundred and seventy electoral votes are needed to become president.
  • A number of states have certified their election results, including Pennsylvania, Wisconsin, Nevada, Georgia and Michigan.
  • The campaign has mounted legal challenges that have failed to gain any traction, with many of the cases being dismissed by judges for lack of evidence.
  • Despite Trump's refusal to concede, Biden has continued to build out his administration and has named several key nominees and appointees to top roles in his administration.
  • On Tuesday, Biden introduced a diverse economic team, including Janet Yellen, who would be the first woman as Treasury secretary if confirmed by the Senate.
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