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After winning New Hampshire, Trump is cruising to the nomination

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MOST THINGS become banal after a near-decade of cultural dominance. But not Donald Trump. Republican voters are still enthralled by him, undaunted by all the turmoil and scandal of his time in the White House and his post-presidential life. His rallies retain their feeling of secular religious revival. His fresh-faced rivals, by contrast, have looked unoriginal and uninspiring. By the time Republicans had voted in just one state, Iowa, only one serious challenger remained. All the rest had dropped out; most had endorsed him. The last woman standing, Nikki Haley, a former governor of South Carolina who served as America’s ambassador to the United Nations while Mr Trump was in office, mounted her resistance in New Hampshire, the second state to cast ballots. Like all the rest, she was overrun.

Mr Trump got 54.3% of the vote to Ms Haley’s 43.3%, and quickly pointed out that no one had ever won both Iowa and New Hampshire and failed to secure the nomination. An unbowed Ms Haley vowed to fight on. “You’ve all heard the chatter among the political class, they’re falling all over themselves saying this race is over,” she said at a speech in Concord, New Hampshire, conceding victory to Mr Trump. “This race is far from over. There are dozens of states left to go. And the next one is my sweet state of South Carolina.” Mr Trump was not pleased. “Who the hell was the impostor that went up on the stage before and, like, claimed a victory?” he sniped at his victory speech.

The problem for Ms Haley is that, if she cannot win in New Hampshire, she cannot expect to win anywhere. Entrance polls conducted during the Iowa caucuses, held on January 15th, show Ms Haley overperforming among Republicans with college degrees, who labelled themselves as political moderates, who didn’t identify as evangelical Christians and especially well among those who believe that President Joe Biden legitimately won the election of 2020. Those kinds of voters are over-represented in New Hampshire.

It was not just a demographic dividend that Ms Haley had hoped to cash in. She won the endorsement of Chris Sununu, New Hampshire’s popular Republican governor, who barnstormed the state with her. She and her allies heavily outspent Mr Trump, splashing out $31m versus his $15.7m. She spent months traipsing around the state’s breweries and diners, while Mr Trump eschewed such drudgery. Anti-Trump Republicans had said the only way to beat the former president was to consolidate support into a single opponent—which has now happened. And even after all that she lost by 11 points.

Chart: The Economist

Subsequent states in the primary calendar are more hostile terrain for Ms Haley. Republicans in her home state of South Carolina, which holds its primary on February 24th, look much more like those in Iowa—where Ms Haley came 32 points behind Mr Trump—than New Hampshire. An average of recent polls there shows Ms Haley trailing by a crushing 37 points. Mr Trump has secured the endorsements of the top South Carolina Republicans with whom Ms Haley once worked as governor.

In trying to explain away this uncomfortable reality at an election-eve rally in Salem, New Hampshire, Ms Haley branded herself as somehow more of a populist insurgent than Mr Trump. One candidate “has got the entire political elite all around him. It’s all of Congress. It’s all these legislative people. He’s got the media all around him. But you know what? I’ve never wanted them.” Only the most credulous supporters in the crowd would believe Ms Haley’s line that her former colleagues were abandoning her because she had been so zealous in pursuing ethics reforms while governor. One especially bored reporter (not this one) began timing their Rubik’s-cube-solving abilities midway through the speech.

In a memo released on the day of the New Hampshire vote, Ms Haley’s campaign argued that she had a viable path to the nomination, urging a “deep breath” until “Super Tuesday” on March 5th, when many states hold their primaries. Her team’s argument is that many of the states that will vote in the next six weeks are “open primaries”, in which independent voters who are not registered Republicans can take part. This factor will indeed help Ms Haley. But in order to be the Republican presidential nominee, one unfortunately needs to be able to command a majority of the party.

The bigger battle ahead

The meek and muddied anti-Trump resistance looks close to its last gasp. Only late in her campaign did Ms Haley take to attacking Mr Trump by name. Her criticisms of the man are usually meticulously crafted to avoid moral judgment. “Rightly or wrongly, chaos follows him,” is a favourite line of hers, as if the chaos had been a curse of some vindictive god rather than intrinsic to the man himself.

Ms Haley’s demise would commit the Republican Party to Trumpism, with its blend of isolationism, illiberalism and protectionism, and away from the internationalism of which Ms Haley sometimes seems the sole influential ambassador on the Republican side. In America, voters get what they want. And it seems that nothing—not a dozen vanquished Republican candidates, not the one remaining woman, not the 91 criminal indictments facing Mr Trump—can get in their way.

Mr Trump can’t wait to swat away Ms Haley so that he can focus on the coming contest with Mr Biden. Mr Biden won 56% of the votes in the Democratic primary in New Hampshire on Tuesday, even though (because he disputed New Hampshire’s cherished right to hold the first primary) his name was not on the ballot. He, too, is cruising to the nomination. Brace yourself for a Biden-Trump rematch.

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Economics

UK inflation September 2024

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The Canary Wharf business district is seen in the distance behind autumnal leaves on October 09, 2024 in London, United Kingdom.

Dan Kitwood | Getty Images News | Getty Images

LONDON — Inflation in the U.K. dropped sharply to 1.7% in September, the Office for National Statistics said Wednesday.

Economists polled by Reuters had expected the headline rate to come in at a higher 1.9% for the month, in the first dip of the print below the Bank of England’s 2% target since April 2021.

Inflation has been hovering around that level for the last four months, and came in at 2.2% in August.

Core inflation, which excludes energy, food, alcohol and tobacco, came in at 3.2% for the month, down from 3.6% in August and below the 3.4% forecast of a Reuters poll.

Price rises in the services sector, the dominant portion of the U.K. economy, eased significantly to 4.9% last month from 5.6% in August, now hitting its lowest rate since May 2022.

Core and services inflation are key watch points for Bank of England policymakers as they mull whether to cut interest rates again at their November meeting.

As of Wednesday morning, market pricing put an 80% probability on a November rate cut ahead of the latest inflation print. Analysts on Tuesday said lower wage growth reported by the ONS this week had supported the case for a cut. The BOE reduced its key rate by 25 basis points in August before holding in September.

Within the broader European region, inflation in the euro zone dipped below the European Central Bank’s 2% target last month, hitting 1.8%, according to the latest data.

This is a breaking news story and will be updated shortly.

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Economics

Why Larry Hogan’s long-odds bid for a Senate seat matters

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FEW REPUBLICAN politicians differ more from Donald Trump than Larry Hogan, the GOP Senate candidate in Maryland. Consider the contrasts between a Trump rally and a Hogan event. Whereas Mr Trump prefers to take the stage and riff in front of packed arenas, Mr Hogan spent a recent Friday night chatting with locals at a waterfront wedding venue in Baltimore County. Mr Hogan’s stump speech, at around ten minutes, felt as long as a single off-script Trump tangent. Mr Trump delights in defying his advisers; Mr Hogan fastidiously sticks to talking points about bipartisanship, good governance and overcoming tough odds. Put another way, Mr Hogan’s campaign is something Mr Trump is rarely accused of being: boring. But it is intriguing.

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Economics

Polarisation by education is remaking American politics

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DEPENDING ON where exactly you find yourself, western Pennsylvania can feel Appalachian, Midwestern, booming or downtrodden. No matter where, however, this part of the state feels like the centre of the American political universe. Since she became the presumptive Democratic presidential nominee, Kamala Harris has visited Western Pennsylvania six times—more often than Philadelphia, on the other side of the state. She will mark her seventh on a trip on October 14th, to the small city of Erie, where Donald Trump also held a rally recently. Democratic grandees flit through Pittsburgh regularly. It is where Ms Harris chose to unveil the details of her economic agenda, and it is where Barack Obama visited on October 10th to deliver encouragement and mild chastisement. “Do not just sit back and hope for the best,” he admonished. “Get off your couch and vote.”

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