Connect with us

News

Kamala Harris’ Economic Pitch Just Got A Lot More Complicated

Published

on

harris
Kamala Harris | CNN Image

Even when the economy was booming, the Biden-Harris administration couldn’t shake the “vibecession”. It may be much more difficult now that fractures are appearing in the labor market.

Americans have been dissatisfied with the economy for over three years because prices have risen, and many consumers have blamed the White House fairly or unfairly. Inflation is now more or less under control, but it has come at a cost: the job market, while historically strong, is beginning to erode.

Last month, the economy added only 114,000 jobs, and unemployment increased to 4.3% from 4.1%, owing primarily to a surge in job searchers returning to the labor force. It wasn’t a horrible jobs report, but it starkly contrasted to June, when the economy added 179,000, and May, when it added 216,000.

The jobs report was far from a disaster, and it is no guarantee of an approaching recession. But it was unexpected, and analysts expressed concern about how swiftly the labor market contracted.

harris

Kamala Harris | CNN Image

Kamala Harris’ Economic Pitch Just Got A Lot More Complicated

“We don’t know how quickly the labour market is softening, but it appears pretty darn clear,” said Heidi Shierholz, head of the Economic Policy Institute, a left-leaning think tank.

One month is insufficient to identify a trend, but it is enough to substantially challenge Vice President Kamala Harris’ economic appeal as the new expected Democratic nominee.

For Wall Street, the unexpected downturn was the bitter icing on top of a sundae of poor technology results.

“The reason investors are reacting the way they are is because we are back, in many ways, to where we were during the dot-com bubble,” said CFRA Research’s chief financial strategist, Sam Stovall. “And at the same time, it’s just a reminder that investors are no better than hyperactive first-graders playing musical chairs, always trying to out-anticipate the other as to when the music will stop.”

Investors got a little crazy on Friday, sending US equities plummeting. The Dow fell more than 600 points, or 1.5 percent. The S&P 500 fell 1.8 percent, while the Nasdaq Composite fell 2.4 percent, placing the tech-heavy index in correction territory (down 10% from its peak on July 10).

(In other words, Wall Street may have overreacted because that is exactly how they do things.)

Until recently, the labor market had held up quite well despite the strain of increased interest rates, which made it more difficult for businesses to expand. Cracks are starting to appear; however, as jobless claims grow, unemployment rises, and fewer people change jobs.

Kamala Harris’ Economic Pitch Just Got A Lot More Complicated

Historically, this is a terrible indicator for the incumbent party. According to a recent Refinitiv analysis, when the unemployment rate lowers in the two years leading up to an election, the incumbent is more likely to be re-elected. Unsurprisingly, challengers usually benefit when the unemployment rate rises before an election.

It’s not a perfect indicator—there have been a few outliers to the trend in the last 64 years—but unemployment has grown 0.8 points in the last two years, which could pose an additional challenge for Harris.

Republicans have used Americans’ inflation fatigue to criticize President Joe Biden’s economic policies while downplaying (or just ignoring) month after month of record employment growth. With inflation falling, the GOP now has new material to use to advance its claim that the economy is in disarray despite the fact that it is historically robust by nearly all measures.

“This jobs report is one of the worst we have ever seen from the Biden-Harris Administration,” Missouri Rep. Jason Smith said in a statement on Friday. “Another dreadful jobs report under Biden/Harris’ leadership,” said the Connecticut GOP on X.

Kamala Harris’ Economic Pitch Just Got A Lot More Complicated

For over three years, the Biden administration has been able to counter Republican accusations with a slew of positive labor market data: earnings surpassing inflation, 16 million new jobs, and unemployment remaining around 4%.

However, survey after poll revealed that inflation fatigue overshadowed almost everything else on voters’ concerns. It didn’t matter how much wages increased or how plentiful the employment was; the vibes were horrible.

The labor market is strong, but its advantages have increasing limitations. And “it’s complicated” isn’t exactly a surefire way to charm voters.

SOURCE | CNN

News

Taylor Swift Supports Kamala Harris as a “Steadyhanded” Leader.

Published

on

Taylor Swift

(VOR News) – Taylor Swift has put her support behind Kamala Harris in her bid to become the next President of the United States of America with her endorsement.

As a result of this decision, months of speculation regarding the musical performer who is considered to be the most famous in the world has been put to rest. Swift referred to Harris as “a gifted, steady-handed leader.” Harris was described in this way.

On Tuesday evening, just after the vice president and her Republican opponent, Donald Trump, concluded their presidential debate, Taylor Swift posted a message on Instagram. “I think we can accomplish so much more in this country if we are led by calm and not chaos.”

Taylor Swift stated in her writing.

Responding to Trump’s recent dissemination of a social media message that falsely claimed to be her endorsement, Swift disclosed that she had told individuals of her intention to vote.

This was done in response to Trump’s recent actions. My concerns regarding the dangers that are commonly connected with artificial intelligence and the dissemination of false information were heightened as a result of this. I came to the conclusion that I need to prioritise openness as a result of this,” she stated.

Swift made use of the signature phrase “Taylor Swift, Childless Cat Lady” in response to JD Vance’s assertion that “childless cat ladies” were in charge of the presidency of the United States of America.

The singer, who is thirty-four years old, does not have any children and his only pets are three. In 2018, she gave her official support to the Democratic candidate for the Senate in Tennessee, and she put her support behind Joe Biden and Kamala Harris for the 2020 election.

On Tuesday, the information regarding the several ways in which her followers can register to vote was posted on her Instagram account. The number of people that follow her on that platform is 283 million.

The song “Freedom” by Harris has become an unofficial campaign hymn as a result of the support of other well-known celebrities, such as Beyoncé, who granted her permission to use the song for rallies and advertising purposes.

Rolling Stone reports that Beyoncé wrote a letter to the campaign of Donald Trump, requesting that they stop using the term “Freedom,” after the campaign of Trump published a video that featured the term.

Taylor Swift has been the subject of numerous right-wing conspiracy theories, one of which asserts that she was involved in a scheme to ensure that Biden remains in the White House. These viewpoints have been directed towards Taylor Swift due to the fact that she is one of the most famous performers in the history of the world and a cultural icon in the United States.

Following the revelation of an Islamist terrorist plot to attack Swift’s followers during the show, authorities in Austria were compelled to cancel three of Swift’s concerts that were scheduled to take place as recently as the previous month.

Planned was for Taylor Swift Austria to host the rock shows.

During the early stages of her career, Taylor Swift, who began her career in Nashville, adhered to the customs of the country music industry and refrained from making public statements regarding political problems.

After some time had passed, she did, however, express regret for her silence regarding Trump in 2016. During the upcoming documentary that will be shown on Netflix, she is heard telling her father, “I need to be on the right side of history,” in the year 2020.

During an appearance on MSNBC, Swift’s running mate Tim Walz expressed his gratitude for Swift’s endorsement. He referred to Swift’s speech as “eloquent” and urged her supporters to support Harris. In addition, Walz sent his appreciation to Swift for her support of the Harris campaign.

In a speech that he delivered early Wednesday morning, Trump stated that he was “not a fan of Taylor Swift.”

“She is a very liberal individual who consistently endorses a Democrat, and it is likely that she will face repercussions in the marketplace,” he added. In his statement, he was referring to the fact that she consistently supports Democratic candidates.

SOURCE: FT

SEE ALSO:

Shares of Trump Media Plunged After the GOP Nominee Debated Harris.

Missouri’s Supreme Court Rejects a Republican Effort to Remove an Abortion Vote.

Continue Reading

News

Shares of Trump Media Plunged After the GOP Nominee Debated Harris.

Published

on

Trump Media

(VOR News) – The day after Trump Media, the company’s biggest shareholder, had a performance at the presidential debate that drew heavy criticism for disparaging Vice President Kamala Harris.

The share price of Trump Media fell by more than 13% on Wednesday. At Harris, the performance was aimed at. The act was directed at Harris.

Since the proprietor of the Truth Social app began actively trading as DJT on the Nasdaq at the beginning of March, the company’s stock price has dropped to its lowest intraday level. The price of shares has dropped significantly since that time.

A Trump Media share purchase is usually viewed as a political bet.

This is because Trump is the person that the Republican Party is now considering and has served as president in the past. This is because Donald Trump is serving as the Republican Party’s nominee at the moment.

Analysts forecast that the value of Trump Media would either rise or fall based on Donald Trump’s chances of winning the election. This will happen depending on how the election turns out.

According to a statement from Trump Media, the popularity of Donald Trump at least plays a major role in the success of the company’s operations.

The fact that stock prices dropped on Wednesday suggests that some of Trump’s fans may not have been happy with what they witnessed during the Tuesday night debate in Philadelphia. The subject was discussed on Tuesday.

In comparison to Trump, who frequently answered her bait in an attempt to deflect him from the issue at hand, Harris appeared to be more prepared, more fluid, and more composed. Political pundits agreed that both liberals and conservatives were right in their appraisals of Harris when they attacked him.

Trump was challenged by Harris’s team to take part in another discussion as soon as the first debate concluded. This was done to give the impression that the debate process was confident.

Trump Media might not acknowledge the comments’ accuracy.

On Wednesday, he persisted in his insistence that Harris was only interested in talking to him again because she had been “beaten badly.” He made this comment to bolster his earlier assertion. This was the claim he made in a post on Truth Social.

“Why would I do a rematch?” he posed to the audience throughout his performance. They were offered the chance to react.

It’s probable that the ten percent gain in Trump Media’s stock during Tuesday’s trading was due to investors’ high expectations for Trump’s performance in the debate.

Following its merger with a blank-check company, Trump Media—which was then privately held—saw a 75% decline in stock price from its intraday high in late March. The implosion, which had been ongoing for weeks, caused the stock price to fall up to 75% from its peak. The company’s progress on Monday and Tuesday offered a much-needed break from the collapse.

Vice President Joe Biden announced his decision to resign from the presidential race at the same time as the fall, endorsing Harris to take his place as the front-runner on the Democratic ticket.

It also happened in the days preceding the start of the period during which Trump and other executives of the corporation will be able to begin selling their stock.

With almost 57% of the shares, Trump is the only proprietor of the business. The stake was valued at more than $1.8 billion in the sum that was offered during the Wednesday morning auction.

When the lock-up agreement expires on September 19, it is unclear whether or not Trump plans to start the process of selling off his ownership stake in the business.

SOURCE: CNBC

SEE ALSO:

Missouri’s Supreme Court Rejects a Republican Effort to Remove an Abortion Vote.

RCMP Arrest Somali Man For Smuggling Eight Africans into Canada

Continue Reading

News

Missouri’s Supreme Court Rejects a Republican Effort to Remove an Abortion Vote.

Published

on

Supreme Court

(VOR News) – In spite of the last-ditch efforts made by Republicans to prevent the amendment from being enacted, the Supreme Court of Missouri made the decision on Tuesday to keep a proposal that would legalise abortion on the ballot for November.

This decision was taken with the intention of ensuring that the amendment would be on the ballot. In spite of the fact that Republicans were unable to stop the amendment from being passed into law, this decision was made.

According to the finding, the Secretary of State of Missouri Supreme Court, Jay Ashcroft, is required to “certify to local election authorities that Amendment 3 be placed on the general election ballot for November 5, 2024, and shall take all steps necessary to ensure that it is on said ballot.”

This obligation is stipulated in the ruling. This indicates that he is obligated to make certain that Amendment 3 is considered for inclusion on the ballot.

In the aftermath of the decision in Roe v. Wade, which was reversed in 2022, the state enacted an almost comprehensive ban on abortion, which would Supreme Court ultimately lead to the restoration of constitutional safeguards for abortion-related issues. If Amendment 3 were to be approved, the safeguards would be brought back into effect.

In accordance with the amendment to the Constitution, “the government shall not deny or infringe upon a person’s fundamental right to reproductive freedom,” states the amendment.

In the context of reproductive health care, “reproductive freedom” refers to the right to make and carry out decisions regarding all topics surrounding reproductive health care. One of the rights that people have is called “reproductive autonomy.”

A Supreme Court significant amount of effort was put out by advocates for reproductive rights in the state, led by Missourians for Constitutional Freedom, in order to guarantee that the proposal would be included on the ballot. By gathering more than 380,000 signatures on the petition, they were able to accomplish this goal.

The Secretary of State of Missouri Supreme Court, Jay Ashcroft, provided his consent for it to be listed on the ballot for the election that would take place in November during the month of August.

The election would take place in November. However, not long after that, Republican state Representative Hannah Kelly and state Senator Mary Elizabeth Coleman filed a lawsuit against Ashcroft for certifying the amendment. The complaint was filed against Ashcroft. Ashcroft was the focus of the complaint that was lodged.

They argued that the Act was flawed in a substantial way because it did not specify which laws it would invalidate through its certification, and that this was a fundamental problem. Because of the finding that was handed down by a judge in Cole County the previous week, which deemed Amendment 3 to be invalid because it “violated state law,” the efforts to decertify the amendment continued into the following week.

This was due to the fact that the judge who handed down the ruling ruled that the amendment was unlawful.

Just a few weeks after he had given his approval, Ashcroft announced that he was going to decertify the attempt. This news came far sooner than expected. Only three days had passed since he had given his consent before this news was made.

He was particularly concerned about “serious concern about whether the proposed petition satisfies the legal requirements for adequate notice to the public.” The decertification of the individual in question was challenged, which ultimately resulted in the case being brought before the highest court in the state.

The Supreme Court of Missouri confirmed that the efforts of the Republicans were fruitless just a few hours before the deadline for the submission of ballots for the main election.

Only a few hours remained before the Supreme Court’s deadline.

The Missourians for Constitutional Freedom organisation published a statement in which they said, “Today’s decision by the Missouri Supreme Court is a victory for both direct democracy and reproductive freedom in the state of Missouri.”

This comment was included in the statement that was issued by the organisation. Citizens, and not politicians, are given the authority to make decisions regarding this extremely significant matter as a result of the ruling of the Supreme Court.

To achieve this goal, it is necessary to make certain that Amendment 3 will be included on the ballot for the election that will take place on November 5th respectively.

As a result of this decision, Missouri will be the eleventh state to hold a vote on reproductive rights when the election itself takes place in the month of November.

This decision was taken as a result of the decision that was made before. In order for Amendment 3 to be enacted, it will require fifty percent of the votes that are cast across the board.

SOURCE: YN

SEE ALSO:

RCMP Arrest Somali Man For Smuggling Eight Africans into Canada

Disgraced Fashion Mogul Peter Nygard Sentenced to 11 Years For Sexual Assault

NASA Astronauts Stuck in Space After Troubled Capsule Returns to Earth Empty

Continue Reading

Download Our App

vornews app

Advertise Here

Volunteering at Soi Dog

Soi Dog

Trending