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WASHINGTON (Reuters) -The odds-on Democratic victory in two U.S. Senate races on Tuesday could open the door to the more robust government spending response economists and others have argued is needed to get the country through the pandemic with as little long-term economic damage to companies and households as possible.
FILE PHOTO: Democratic presidential nominee Joe Biden makes a statement on the U.S. presidential election results during a brief appearance before reporters in Wilmington, Delaware, November 5, 2020. REUTERS/Kevin Lamarque
While results in the Georgia contests are not yet official, rising U.S. bond yields on Wednesday showed investors were already pricing in Democratic control of not just the White House, when President-elect Joe Biden takes office in two weeks, but both chambers of the U.S. Congress.
Constitutional law attorney Mark Smith provides insight into the Georgia Senate runoffs.
To someone who loves this country, it is almost inconceivable that Georgia voters have elected to send Raphael Warnock to the United States Senate. Democrat Warnock, a Black preacher who has thundered from the pulpit that America must repent for its worship of whiteness, has edged out Republican Sen. Kelly Loeffler to win one of two Senate seats up for grabs in run-off elections. The other race, between Democrat Jon Ossoff and Republican incumbent Sen. David Perdue, is as yet too close to call.
The politics of envy and grievance – of class warfare and racial hostilities have won out over messages of hope, prosperity and opportunity for all. How could this happen?
Markets React to Georgia Elections, Banks and Industrials to Gain, Oil Reduced I will have to give some of my favorite tech names a haircut in the name of balance. Hopefully everyone gained some exposure to gold.
Jan 06, 2021 | 07:24 AM EST
Understand
That the environment is whatever it is. While individuals can not change the big picture, said individuals are far from helpless. So. be pragmatic. If anticipation is impossible, trend recognition is not.
Identify
See both threats and opportunities for what they are in real time. No if only , no shoulda , no woulda , no coulda . You must defend you and those reliant upon you. You must see all avenues of approach, and determine on what ground and how you will mount your defense. Not to mention how aggressive to be on offense. Know your ability. Know your weakness. Know your tolerance.
Georgia results could pave way for quick additional US pandemic support channelnewsasia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from channelnewsasia.com Daily Mail and Mail on Sunday newspapers.