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Winning North Carolina, Donald Trump seizes the early advantage

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DONALD TRUMP won the swing state of North Carolina as he took an early advantage in his race for the White House against Kamala Harris. The vice-president’s path to victory narrowed as early results showed her underperforming Joe Biden’s showing of four years ago. At 11pm Eastern time, early vote counts in America’s presidential race showed an early advantage in the electoral college for Mr Trump. There were warning signs for the Harris campaign as the first results poured in.

Several hours after the first polls closed, the other six of the seven swing states seen as vital to the two candidates’ chances for winning the electoral college—Arizona, Georgia, Michigan, Nevada, Pennsylvania and Wisconsin—were too close to call. Yet Mr Trump enjoyed a lead of three percentage points in Georgia, with 93% of the state’s vote counted. In North Carolina, Mr Trump’s lead was similar with just over 88% of the vote counted.

If Mr Trump’s lead holds up there, the pathway to an electoral-college victory for Ms Harris would narrow considerably, requiring her to sweep the “blue wall” states of Michigan, Pennsylvania and Wisconsin, where the vote count was proceeding more slowly.

Outside the key battlegrounds, the early picture was no more encouraging for the Harris campaign. In Virginia, which Mr Biden won comfortably in 2020, Ms Harris led narrowly with 82% of votes counted. She seemed likely to win Virginia eventually but was lagging behind Mr Biden’s performance in suburban counties such as Loudoun, outside Washington, DC. There, similarly to other suburban jurisdictions in Virginia, Ms Harris’s share of a near-complete vote trailed Mr Biden’s performance four years ago by more than six percentage points. That is a concerning trend if it extends to Pennsylvania and Michigan, where suburban voters are crucial to Ms Harris’s prospects.

In Florida, a former battleground that Mr Biden lost by just over three percentage points last time, Ms Harris was doing even worse, underperforming Mr Biden’s margin by ten percentage points with almost all of the state vote counted. Across all early reporting states, Ms Harris’s performance in counties posting near-complete votes to Mr Biden’s numbers in 2020 showed the vice-president underperforming.

Ms Harris and her allies will have to hope that the picture unfolds differently in Pennsylvania, the most important of the three blue-wall states, which always looked like a crucial state for both her and Mr Trump. Here there were at least a few encouraging signs. With just over a third of the expected vote posted in Montgomery County, a populous suburb of Philadelphia that leans Democratic, Ms Harris led with 68% of the vote, more than five percentage points better than Mr Biden’s performance four years ago. That is the sort of result she will probably need in all of Philadelphia’s blue-tinted-collar counties if she is to hold off Mr Trump’s strength in less populated rural areas.

Michigan’s vote was too incomplete to judge even several hours after its polls closed, and Wisconsin, which Mr Biden won by just 20,000 votes four years ago, Mr Trump led narrowly with 61% of the vote counted. A similar early picture prevailed in Arizona, a state where pre-election polls had shown Mr Trump held his most significant advantage.

Because the trio of Pennsylvania, Michigan and Wisconsin remained in play at 11pm EST—and no other state pegged for Ms Harris had fallen to Mr Trump—the election remained in the balance. What seemed clear is that if Ms Harris were to defy the early run of results and squeeze out a victory, it would emerge from the key Rust Belt states and would probably be as close as the razor-thin margins Mr Biden won there in 2020.

Economics

Andrew Cuomo plots a comeback in New York City

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Political disgrace isn’t as constraining as it used to be. Andrew Cuomo, whose public career was thought to be dead just three years ago, is back in the spotlight as a newly declared candidate for mayor of New York City—and he is topping polls. Mr Cuomo resigned as governor of New York state in August 2021 amid multiple sexual-harassment allegations (which he denied). On March 1st he announced his comeback.

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Trump’s armed forces won’t look like Biden’s

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America is set to spend more—and differently

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Economics

Euro zone inflation February 2025

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Two parents and their two children walk through a section of sweet cakes, biscuits and jam.

Nicolas Guyonnet | Afp | Getty Images

Euro zone inflation eased to 2.4% in February but came in slightly above analyst expectations, according to flash data from statistics agency Eurostat.

Economists surveyed by Reuters had expected inflation to dip to 2.3% in February, down from the 2.5% reading of January.

Euro zone inflation re-accelerated in the fourth quarter, but European Central Bank policymakers remain optimistic about its trajectory. Accounts from the central bank’s January meeting last week showed that policymakers believed inflation was on its way to meeting the 2% target, despite some lingering concerns.

The ECB meets again later this week and is widely expected to announce another interest cut, which would mark its sixth reduction since it started easing monetary policy back in June.

Markets will also pay close attention to the ECB statement accompanying the rate decision, searching for clues on policymakers’ assessment of inflation and monetary policy restrictions.

The Monday data comes after several major economies within the euro zone reported inflation data last week. Provisional data showed that February inflation was unchanged at a higher-than-expected 2.8% in Germany, but eased sharply to 0.9% in France. The readings are harmonized across the euro zone to ensure comparability.

This breaking news story is being updated.

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