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Botswana’s ruling party loses election, ending 58-year rule
  + stars: | 2024-11-01 | by ( ) edition.cnn.com   time to read: +2 min
Reuters —Botswana’s President Mokgweetsi Masisi conceded defeat on Friday after preliminary results showed his party had lost its parliamentary majority by a landslide in this week’s election, ending nearly six decades in power. Analysts said that mounting socio-economic grievances, particularly among young people, were the downfall of the ruling Botswana Democratic Party (BDP), which has governed the small southern African state since independence from Britain in 1966. “Although I wanted to stay on as your president, I respect the will of the people and I congratulate the president-elect. Neighboring Namibia will hold elections later this month in which the ruling SWAPO party, which has governed since 1990, is also expected to face a stiff challenge. “The outcome of Botswana’s elections should serve as a warning to long-time ruling parties across southern Africa and beyond that without economic progress and employment opportunities, political dominance will falter,” said Zaynab Hoosen, an Africa analyst at Pangea-Risk.
Persons: Reuters —, Mokgweetsi Masisi, Duma Boko, Boko, ” Masisi, , Mpho Mogorosi, , Zaynab Hoosen Organizations: Reuters, Umbrella, Democratic, Duma, Analysts, Botswana Democratic Party, BDP, National Congress, SWAPO Locations: Botswana, Britain, Gaborone, , , Africa, South, Namibia
Over the past seven decades, Puerto Rico has been governed by the pro-statehood New Progressive Party, currently in office held by Gov. This year, however, the candidate from the Puerto Rican Independence Party, a minority party that advocates for the island’s independence from the U.S., has had a breakthrough. Independence Party candidate Juan Dalmau has gained enough momentum to have a fighting chance at defeating Jenniffer Gonzalez, the candidate from the incumbent pro-statehood party, and relegating the candidate from the Popular Democratic Party, Jesús Manuel Ortiz, to third place. As a result, Congress passed the PROMESA law in 2016 to create a federally appointed fiscal oversight board to allow Puerto Rico to restructure its debt. In addition to this, Puerto Rico was hit by devastating natural disasters that include 2017’s Hurricane María and a series of earthquakes in 2020 and the pandemic.
Persons: Pedro Pierluisi, Juan Dalmau, Jenniffer Gonzalez, Jesús Manuel Ortiz, he's, Carlos Vargas, Ramos, Puerto Ricans, Ricardo Rosselló, Cristina Rodríguez, , Rodriguez, Ortiz, Miguel Hernández, there's, Castro, , González, Jorge Schmidt Nieto, Schmidt Nieto, Pierluisi, Kamala Harris, Donald Trump, Harris, Tony Hinchcliffe’s, Puerto, Dalmau, Charles Venator, wouldn't, Javier Jiménez Organizations: New Progressive Party, Gov, Popular Democratic Party, Puerto Rican Independence Party, Independence Party, Puerto Ricans, Alianza, Citizens, Center, Puerto Rican Studies, Hunter College, Puerto Rican, Islanders, Puerto Rico, “ Alianza ”, Avid, Housing, U.S, University of Puerto, González, Puerto Rico's Center, Investigative Journalism, of Justice, Puerto Rico’s nonvoting, Popular Democratic, Trump, University of Connecticut Locations: Puerto Rico, U.S, Puerto, New York, Puerto Rican, Puerto Ricans, Alianza, Cuba, University of Puerto Rico, Mayagüez, Dalmau, Santiago, Venator
Their clash has already drawn more ad spending than any other Senate race in history, eclipsing the $412 million spent in Georgia’s 2020 race between Jon Ossoff and David Perdue. While Moreno clings to Trump, Brown tends to avoid talking too much about national political figures from either party. “Sherrod Brown, he’s taking ads in like he’s my best friend,” the former president said Sunday during a rally at Madison Square Garden in New York. He also acknowledged the threat of ticket-splitters — and the importance of Trump having coattails long enough to carry Moreno along with him. But then-Rep. Tim Ryan, a Democrat who represented much of the area for years, lost it to Vance in the Senate race by 3 points in 2022.
Persons: Ohio — Sen, Sherrod Brown, Bernie Moreno, Jon Ossoff, David Perdue, Brown, Moreno, Donald Trump, ” Brown, , it’s, , , ” Sen, Republican Bernie Moreno, Barack Obama, Bob Taft, Trump, “ Sherrod Brown, “ He’s, ” Moreno, MAGA, Donald Trump Jr, Sen, Lindsey Graham, Graham, “ Trump’s, ” Graham, Kamala Harris, “ I’m, Kamala, Joe Biden, ’ ” Brown, Obama, Brown’s, Rachel Petri, JD Vance, Tim Ryan, Vance, they’ve, ” Petri, Paul Adams, Chuck Schumer, Hunter, “ We’ve, ” Trump, Martin Luther King Jr, Shontel Brown, Chris Ronayne, Moreno “, Andre Washington, — Sherrod Brown, David Brock, He’s, ” Moreno —, Sherrod Organizations: Republicans, Trump, NBC News, Teamsters, Republican, Ohio Senate, Ohio Gov, Madison, Trump’s, Democrat, , Democratic, Senate, Trump Jr, Cleveland, Ohio Democratic Party, GOP, Fund, Cuyahoga County Democratic Locations: VERMILION, Ohio, Trump, Youngstown, New York, Erie, swingy Lorain County, Lorain, Lorain County, Cleveland, Delaware, Mahoning counties . Delaware, Columbus, Mahoning, Strongsville, Russia, Lake Erie, Cuyahoga County, I’m
With Republicans favored to win the Senate, Harris may have few opportunities to pursue an ambitious legislative agenda, shifting the Democratic ideological fight to key personnel decisions. “It’d be a strategic blunder for Harris to pick an ugly fight over Lina Khan’s future when there’s already strong consensus among Democrats. Moderate senators like Bob Casey and Jackie Rosen are actively campaigning on the FTC’s work to lower prices,” said a Senate Democratic aide, who was granted anonymity to discuss a sensitive subject. Removing her would not only infuriate the left but it could provoke a confirmation fight with Senate Republicans over her replacement. Some in the progressive movement believe Harris should simply leave her there without going through confirmation again in the Senate if need be.
Persons: WASHINGTON, Kamala Harris tacks, Lina Khan, Harris, , Dan Geldon, Sen, Elizabeth Warren, , ” Geldon, Mark Cuban, Gary Gensler, Barry Diller, Reid Hoffman, Hoffman, ” “, Adam Green, Kamala Harris, Joe Biden, Ron Klain, Khan, Danielle Deiseroth, MAGA, Lina Khan’s, there’s, Bob Casey, Jackie Rosen, Alexandria Ocasio, Bernie Sanders, “ Khan, Jeff Hauser, he’s, Ohio Democratic Sen, Sherrod Brown, Geldon, General Merrick Garland, Donald Trump, Michael Dorf, Neil Buchanan, Ezra Levin, Biden, we’d, ” Levin Organizations: Federal Trade, Biden, Republicans, NBC, Securities, Exchange, Billionaire Democratic, Democratic Party, Democratic, Facebook, Progress, Trump, Will, Progressives, SEC, Crypto, Ohio Democratic, Banking Committee, Cuban, Monday, Trump Republicans, Republican Locations: Alexandria, Cortez, Ohio, Harris ’, Washington
The 2024 election has been full of memorable moments and unexpected twists. Photos show key moments in the 2024 election cycle and the Trump and Harris campaigns. AdvertisementThe 2024 presidential race has been full of history-making moments and unexpected twists. Related Video Can Kamala Harris win over Democrats after Joe Biden drops out of 2024 presidential election? Here's a look back at the biggest moments of the 2024 presidential race in photos.
Persons: Biden, Kamala Harris, Harris, , Joe Biden, Donald Trump, Trump, MAGA, Ohio Sen, JD Vance Organizations: Trump, Biden, Service, Democratic, Republican National Convention, Ohio
Pennsylvania Voters Worry About the Toxicity of PoliticsIn a tight presidential race, Pennsylvania, with its 19 electoral votes, will very likely decide the winner. That’s clear in Berks County, which lies about 60 miles northwest of Philadelphia where flourishing Democratic suburbs melt into conservative, rural Pennsylvania. But nearly all of them worried that the growing toxicity of national politics had endangered that sense of community. She said many people she knew remembered Mr. Trump’s name on the stimulus checks that were sent out in 2020. “They’re pushing division.” Scroll to play video Muted Winston Reyes Winston Reyes Adam Nissley Adam Nissley Sara Torres Sara Torres Winston Reyes Winston Reyes Adam Nissley Adam Nissley Ivan Shibley Ivan Shibley Ruth Martelli Ruth Martelli Winston Reyes Winston Reyes Sara Torres Sara Torres Ruth Martelli Ruth Martelli “I was a Democrat before, I voted Democrat.” “I was a Democrat before, I voted Democrat.” “I voted for Obama to start with.
Persons: Donald J, Trump, Biden, , Matthew, Turner Adrean Turner Brandon Moyer Brandon Moyer Ola, Ola, Sara Torres Sara Torres Eushanada Joof, Joof Ivan Shibley Ivan Shibley Ola, Joof Ivan Shibley Ivan Shibley Adam Nissley Adam Nissley Winston Reyes Winston Reyes Brandon Moyer Brandon Moyer Ruth Martelli Ruth Martelli Eushanada Joof, Joof Ivan Shibley Ivan Shibley Brandon Moyer Brandon Moyer Ola, Ola Creston Ruth Martelli Ruth Martelli Winston Reyes Winston Reyes Sara Torres Sara Torres Adam Nissley Adam Nissley Ivan Shibley Ivan Shibley Eushanada Joof, Joof Winston Reyes Winston Reyes, ” you’re, ” “, Kamala Harris, , we’ve, Tony Perez, Perez, , Sara Torres Sara Torres Adam Nissley Adam Nissley Winston Reyes Winston Reyes Adrean Turner Adrean Turner Adam Nissley Adam Nissley Eushanada Joof, Joof Brandon Moyer Brandon Moyer Ola, Ola Creston Ruth Martelli Ruth Martelli Adam Nissley Adam Nissley Sara Torres Sara Torres “, “ It’s, “ Trump, Kamala, ” Kamala, Xiomara Linda Guerrero “ It’s, Xiomara Linda Guerrero, Ross, Puerto Rico, Guerrero, Ola Creston Ola, Ola Creston Ola Creston Ivan Shibley Ivan Shibley Ola, Ola Creston Ola Creston Ivan Shibley Ivan Shibley Ola Creston Ola, Ola Creston Ola Creston Ivan Shibley Ivan Shibley Ola Creston Ola Creston Ivan Shibley Ivan Shibley Brandon Moyer Brandon Moyer Adam Nissley Adam Nissley Winston Reyes Winston Reyes Sara Torres Sara Torres Ivan Shibley Ivan Shibley Ruth Martelli Ruth Martelli Winston Reyes Winston Reyes, there’s, “ You’re, Randy Bleyer, Winston Reyes Winston Reyes Adam Nissley Adam Nissley Sara Torres Sara Torres Winston Reyes Winston Reyes Adam Nissley Adam Nissley Ivan Shibley Ivan Shibley Ruth Martelli Ruth Martelli Winston Reyes Winston Reyes Sara Torres Sara Torres Ruth Martelli Ruth Martelli “, Obama, ” “ Obama, ” “ Kamala Harris, “ Kamala Harris, Shavona Johnson, Creston Adrean Turner Adrean Turner Ruth Martelli Ruth Martelli Winston Reyes Winston Reyes Sara Torres Sara Torres Ruth Martelli Ruth Martelli Adrean Turner Adrean Turner Ivan Shibley Ivan Shibley Ruth Martelli Ruth Martelli Ola, Creston Adrean Turner Adrean Turner Ruth Martelli Ruth Martelli Winston Reyes Winston Reyes Sara Torres Sara Torres Ruth Martelli Ruth Martelli Adrean Turner Adrean Turner Ivan Shibley Ivan Shibley Ruth Martelli Ruth Martelli Ola Creston Ola, Sara Torres Sara Torres “, Roe, Wade, can’t, — it’s, ” it’s, You’re, Liz Groh “, Liz Groh Organizations: Mr, ” “ Liberal, , Trump, I’m, Republican, Pennsylvania, Berks County, Gas, Madison, Democrat, Immigrants, Walmart, America, Democratic Party, Blacks, state’s Department of Corrections, Republican Party Locations: Pennsylvania, Berks County, Philadelphia, Reading, Berks, , Boyertown, Pa, Joof Ivan Shibley Ivan Shibley Ola Creston, Creston, Ola Creston, “ Berks County, United States, America, ” “ Berks County, Spanish, Puerto Ricans, Puerto, New York, Ola Creston Ola Creston, Ola Creston Ola Creston Ivan Shibley Ivan Shibley Ola Creston, Ola Creston Ola Creston Ivan Shibley Ivan Shibley Ola Creston Ola Creston, Hazleton, It’s, , Creston Adrean Turner Adrean Turner Ruth Martelli Ruth Martelli Winston Reyes Winston Reyes Sara Torres Sara Torres Ruth Martelli Ruth Martelli Adrean Turner Adrean Turner Ivan Shibley Ivan Shibley Ruth Martelli Ruth Martelli Ola Creston
As a former acting U.S. trade representative who also served on the National Security Council, I’ve engaged in international economic policymaking firsthand. Trump’s main economic idea is to indiscriminately impose tariffs on U.S. trading partners, but it is American importers, exporters and consumers who will pay the price. When Trump last levied tariffs, the EU, Canada, China and other trading partners imposed their own tariffs in retaliation. While President Joe Biden left most of Trump’s tariffs against China in place, he managed to negotiate agreements that led to the easing of many retaliatory measures. As president, Harris would lead an economy that helps everyone, not just those at the very top.
Persons: you’re, it’s, you’ve, Kamala Harris, Donald Trump, I’ve, Harris, Shawn Fain, , ” Harris, Harris ’, Trump, Smoot, Hawley, Mitch McConnell, “ I’m, Trump’s, Davidson, Joe Biden, Biden Organizations: National Security Council, United Auto Workers, Democratic Party, Republican, Foundation, European Union, Pennsylvania Farm Bureau, , Harley, EU Locations: Pennsylvania, Michigan, Wisconsin, America, China, U.S, EU, Canada
Police arrested an 18-year-old wielding a machete with an 18-inch blade outside a polling station in Florida Tuesday, who was part of a group of teenagers accused of intimidating Democratic supporters. The teenager, Caleb James Williams, was arrested after 4 p.m. when officers were called to the Beaches Branch Library in Neptune Beach. Caleb James Williams captured wielding a machete outside a polling station in Neptune Beach, Fla., on Tuesday. Neptune Beach Police DepartmentPolice chief Michael J. Police have sought to assure people that the polling station and other sites in the county remain safe for voters.
Persons: Caleb James Williams, Williams, Donald Trump, Kamala Harris, Michael J, Key, , Daniel Henry, Harris, Walz, Duval Organizations: Police, Democratic, Beaches Branch, Neptune, Neptune Beach Police Department, Neptune Beach Police Department Police, Duval County Democratic Party, Beaches Library, Trump, Duval GOP, NBC Locations: Florida, Beaches, Neptune Beach, Fla, Duval County
Detailed below is what Harris and Trump have proposed in order to address these worries. Vice President Kamala Harris and former President Donald Trump have both pledged to address high prices by boosting the supply of homes. Related storiesThe Democratic candidate also said she plans to expand the existing low-income housing tax credit, which incentivizes the rehabilitation or building of housing targeted at lower-income households. As president, Trump proposed major cuts to the federal Department of Housing and Urban Development's budget, including slashing housing assistance and community development aid. AdvertisementWhile in office in 2017, Trump proposed a budget for the 2018 fiscal year that would have significantly cut rural housing subsidies.
Persons: Harris, Trump, , Kamala Harris, Donald Trump, Daryl Fairweather, Redfin, Fairweather, Jessica Lautz, multifamily Organizations: Service, Business, Democratic, Peterson Institute for International Economics, Builders, of Housing, Urban, National Association of Realtors, Democratic Party Locations: America
CNN —Democrats are mounting an unprecedented digital advertising campaign in the closing weeks of the presidential race, pouring hundreds of millions of dollars into a targeted effort that the party hopes will tip the balance in one of the closest elections in US history. The effort is being steered by Future Forward PAC, or FF PAC, the largest single-candidate super PAC in the 2024 election. The 2024 election is poised to break the record set by the 2020 election and see $10.2 billion worth of campaign advertising, according to the ad tracking firm AdImpact. The ad laboratoryWith its massive war chest, FF PAC has faced the challenge of effectively and efficiently distributing its resources. FF PAC has not engaged in a comparable turnout effort, leaving that traditional campaign activity to the cash-flush Harris operation.
Persons: Kamala Harris, Donald Trump’s, Harris, , Joe Biden’s, Trump, Michael Bloomberg, Dustin Moskovitz, Reid Hoffman, , John Kelly, , , Ian Sams, Roe, Wade, ” Margit Westerman, we’ve, Peacock, Elon Musk, Harris ’ Organizations: CNN, Future Forward PAC, FF PAC, PAC, FF, Super, Democratic Party’s, Citizens United, Commission, Biden, Trump, Democratic, New York, Facebook, LinkedIn, Bloomberg, New York Times, PAC’s, YouTube, Olympics, Hulu, Univision, Warner Bros, GOP countereffort FF, Republican, Google, Harris, Republicans, Preserve, America PAC, Restoration PAC, America PAC –, MAGA Inc, GOP, Inc, Elon, FF PAC’s, Department of Justice Locations: Pennsylvania, Michigan , Wisconsin , Arizona , Nevada , North Carolina, Georgia, AdImpact, Preserve America, Philadelphia
You’ve probably heard a lot about the gender gap in presidential politics by now. And this most of all: In modern presidential politics, the gender gap has never been wider, but it gets particularly large when we break out gender by educational attainment. KerrY Bush Obama McCain Obama Romney Clinton Trump Biden Trump Harris Trump +40 Dem. KerrY Bush Obama McCain Obama Romney Clinton Trump Biden Trump Harris Trump +40 Dem. The story of this election could well be the gender gap between those Americans who went to college and those who didn’t.
Persons: You’ve, Donald Trump, Kamala Harris, Harris, Trump, KerrY Bush Obama McCain Obama Romney Clinton Trump Biden, KerrY Bush Obama McCain Obama Romney Clinton Trump Biden Trump Harris, Joe Biden, Hillary Clinton’s, , Trump’s, JD Vance, , Vance, Biden, Ronald Reagan, Reagan, Joe Rogan’s, Joe Rogan, Brené Brown, Wade, Joe Biden’s, Amanda Iovino, Glenn Youngkin’s Organizations: Trump, Harris, women, Pew, Mr, Pew Research, Facebook, Democratic, Pew Research Center, KerrY Bush Obama McCain Obama Romney Clinton Trump Biden Trump, KerrY Bush Obama McCain Obama Romney Clinton Trump Biden Trump Harris Trump, ., Election, Republicans, Republican Party, Democratic Party, America, Lake Research Partners, Democratic National Committee, WPA Intelligence, Republican, Republican National Convention, Democratic National Convention, YouTube Locations: American, New York, Roe
Chief among them, the person the outgoing president tapped to replace him on the ticket, Vice President Kamala Harris. “People understood that if you didn’t choose Kamala Harris, you’d have a big problem with your base voters,” Etienne says. He’s had plenty of women who worked for him over the years, but there was no one who looked like Kamala Harris and there was no one in a position of authority. Vice President Kamala Harris and Minnesota Gov. Elijah Nouvelage/AFP/Getty ImagesComing Thursday: How cat people are still haunting Trump’s campaign
Persons: Joe Biden, Donald Trump, Read, ” Joe Biden, CNN’s MJ Lee, Nancy Pelosi, Biden, Lee, , , Pelosi, “ America’s, Evan Vucci, Trump’s, Team Trump, “ Trump, unpleasantly, Tim Alberta, NPR’s Michel Martin, Kamala Harris, “ Joe Biden’s, California’s Gavin Newsom, Michigan’s Gretchen Whitmer, J.B, Pritzker, Kentucky’s Andy Beshear, Maryland’s Wes Moore, Pennsylvania’s Josh Shapiro, Sens, Amy Klobuchar, Joe Manchin, Pete Buttigieg, Harris, ” Lee, Ashley Etienne, Barack Obama, you’d, ” Etienne, Trump, Harris ’, , “ Kamala, I’ve, Ron Bieber, cheaters, Donald Trump’s, “ We’re, Kevin Mohatt, CNN’s Kristen Holmes, CNN’s Phil Mattingly, Van Jones, he’s, Rachel Scott, Vincent Alban, Obama, Hillary Clinton, Lyin, Kamala ”, Etienne, Treene, Jeff Zeleny, detests Biden, viscerally detests, He’s, Tim Walz, Ohio Sen, JD Vance, Walz, ” Vance, Vance, Brendan Smialowski, CNN’s Edward, Isaac Dovere, Beyoncé’s, Roe, Wade, smirking, Elijah Nouvelage Organizations: CNN, Guardian, White, Republican National Convention, Team, Trump, Governors, Democratic National Convention, Naval, Democratic Party, Harris, Biden, Democratic, AFL, National Association of Black Journalists, ABC, Howard University, Minnesota Gov, Marine, Army National Guard, United States Marine Corps, Ohio Republican, Arlington National Cemetery, Pentagon, Getty, Republicans, , Fox News, ABC News Locations: Wilmington, Delaware, Atlantic, Michigan’s Gretchen Whitmer , Illinois, Minnesota, West Virginia, Michigan, Wisconsin, West Allis , Wisconsin, Trump, Jamaica, India, United States, Iraq, United States of America, Afghanistan, Philadelphia, AFP, Roe, Alabama, Atlanta
Donald J. Trump @realDonaldTrump americanthinker.com/blog/2024/... www.americanthinker.com The real reason Boeing is in the news In short, China wants Boeing out. Inside Trump’s Truth Social Conspiracy Theory Machine An analysis of Donald Trump’s Truth Social posts reveals the paranoid and unfounded content the former president creates and amplifies each day. In addition to the posts themselves, the analysis zeroed in on the 170 Truth Social accounts that Mr. Trump had amplified on the platform. A spokeswoman for Truth Social did not answer questions from The Times about the company’s policies on conspiratorial content and the accounts that spread it. From July to September, Truth Social received an average of about 4.7 million unique monthly visitors, according to the web analytics firm Similarweb.
Persons: Donald Trump, Donald J, Trump, Biden, Trump baselessly, JOE BIDEN, Donald Trump’s, Trump’s, , Joseph Uscinski, George Soros, globalist, Harris, Mr, Kamala Harris, Hurricane Helene, Crooked Joe Biden, Hunt, be us, HAP E, OR F, REGIS, ony Biden, ree, Joe, O., asser t, ruth Socia, Soros, Harri, MAGA, ruth e, ange, ron y m “NCSW, “He, accou, SOROS, ruth S, ove, uther, tim e, y., the 2020, ravi, orme Organizations: Trump, , OPEN, PLAN ”, Mr, Boeing, FOX, WIN, Truth, Times, The Times, Social, University of Miami, Democratic Party, Democratic, Federal Emergency Management Agency, Justice Department, White, DOJ, UF, UT, ims, acc Locations: China, York, , Nord, Ukraine, Hurricane, America, ife, Abo, TIR
This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Oil slump boosts marketsAll major U.S. indexes rose Monday on soft oil prices while investors awaited Big Tech earnings. Japan's Nikkei 225 extended gains to a second day, up 0.7% as the country's jobless rate for September dropped to 2.4% from 2.5% the previous month. [PRO] How to trade Japan's electionAfter Japan voted on Monday, the Nikkei 225 rose on the results.
Persons: Irene, Shigeru Ishiba Organizations: CNBC, Big Tech, Japan's Nikkei, Liberal Democratic Party, Nasdaq, CR Beverage, HSBC, Japan, Nikkei Locations: Lower Manhattan , New York, Asia, Pacific, Japan, U.S, Hong Kong, IPOs
Asia-Pacific markets are set to open higher, tracking gains on Wall Street as investors looked toward a slate of megacap technology earnings to keep propelling the Nasdaq Composite to new heights this week. Japan's Nikkei 225 futures pointed to a slightly stronger open for the market, with the futures contract in Chicago at 38,715 and its counterpart in Osaka at 38,630 compared to the previous close of 38,605.53. This comes after the ruling Liberal Democratic Party lost its parliamentary majority after voters cast their ballots on Sunday to determine the control of the lower house, marking the first time since 2009 that Japan's ruling coalition lost its majority. Australia's S&P/ASX 200 was 0.44% higher in its first hour of trade. Hong Kong's Hang Seng index futures were at 20,733, higher than the HSI's last close of 20,599.36.
Persons: Australia's Organizations: Nasdaq, Nikkei, Liberal Democratic Party Locations: Asia, Pacific, Chicago, Osaka
Amember of staff hands flyers with picture of Japan's Prime Minister Shigeru Ishiba before his election campaign speech in Tokyo on October 26, 2024. Voters delivered a "harsh judgement" to the LDP, in the words of Prime Minister Shigeru Ishiba. Following that result, parties have 30 days to try to form a coalition government and pick a prime minister. It's still unclear what the exact makeup of a coalition government could look like, clouding the outlook for both economic policy and Ishiba's fate. Thong predicted there will be no significant changes to the country's defense policy, although he pointed out that "a major increase in [defense] exports may be challenging."
Persons: Shigeru Ishiba, Yuichi Yamazaki, It's, William Pesek, CNBC's, Damian Thong, Thong, Fumio Kishida, Masahiko Loo Organizations: Japan's, Afp, Getty, Liberal Democratic Party, Voters, Trump, Macquarie Capital, State Street Global Advisors Locations: Tokyo, Japan
“Hey hey, ho ho, thank you, Joe, it’s time to go!”The success of former President Donald Trump’s campaign is becoming a catastrophe for sitting President Joe Biden. A fundraising appeal from the Biden campaign says, “How does a guy who used to say that Donald Trump and his policies were ‘reprehensible,’ become Donald Trump’s running mate? Through years of being a rubber-stamp for Donald Trump’s extreme, MAGA agenda. Women voters, whom the Trump campaign desperately needs, start posting cat memes sharply critical of Vance’s views. But even though Trump is casting himself as the martyr, within days it will seem he was playing the prophet.
Persons: Joe Biden, Donald Trump, Read, Joe, Donald Trump’s, Trump, Roe, Wade, , , Shadi Hamid, Trump nodded, White Trump, Biden, CNN’s MJ Lee, , ’ ” Biden, David, Jill, granddaughters Finnegan, Natalie, Haiyun Jiang, ABC’s George Stephanopoulos, ” Biden, NBC’s Lester Holt, Hakeem Jeffries, “ Joe Biden, ” Sen, Chris Coons, vise, Wade –, Ben Carson, Ken Cuccinelli, Mark Meadows, Stephen Miller, Peter Navarro, CNN’s Phil Mattingly, they’ve, ” Mattingly, ” Trump, J.D, Vance, ” Ohio Sen, JD Vance, Rebecca Wright, “ America’s Hitler, MAGA, “ Vance, Mike Pence wouldn’t, Jen O’Malley Dillon, , ” Vance, , Kamala Harris, Pete Buttigieg, we’ve, sociopaths ”, Alayna Treene, George Clooney, Volodymyr Zelensky “, Putin, Barack Obama, Nancy Pelosi, Chuck Schumer, Samuel Corum, Hillary Clinton, Trump’s, ” CNN’s John King, Hulk Hogan, Let Trump, Sean O’Brien, Carolina Sen, Tim Scott, Ron DeSantis, Vivek Ramaswamy, Nikki Haley, “ Donald Trump, thrall, Hogan, Will Lanzoni, luxuriating, Ozzy Osbourne, Andy Kaufman, Chauncey DeVega, weathers, Bernadette Tuazon, CNN “ I’m, I’m, Kamala Harris ’ Organizations: CNN, White, Pew Research, National Religious Broadcasters, The Washington Post, Trump, New York Times, Democratic Party, , New York Democrat, Heritage Foundation, Justice Department, Republican National Convention, Senate, Fox News, GOP, Women, Biden, NATO, Democrats, Democratic, Getty, Democrat, Republican, RNC, Florida Gov, South Carolina Gov, Grand Old Party, Atlantic City, World Wrestling Entertainment Hall of Fame, Salon, Republican Party, Resolute, Locations: The, Delaware, , Detroit, Pennsylvania, Wisconsin, United States, Great State of Ohio, ” Ohio, Idaho, Milwaukee, Ohio, Las Vegas, AFP, American, Carolina, Florida, Milwaukee’s, America
The outcome of this snap election signals that Ishiba may face difficulties in getting his party's policies passed in parliament. These include "more fiscal stimulus measures," and a cut in tax rates, Okamura added. His comments come amid expectations of the Bank of Japan leaving its rates unchanged at its meeting on Oct. 31. 'High-quality companies' Okamura is now betting on "higher quality companies with good pricing power." The five are also among the top holdings in the 19.1 billion yen (124.6 million) Japan Equity Engagement Fund .
Persons: Shigeru Ishiba's, Komeito, Izumi Devalier, CNBC's, Neuberger Berman's Kei Okamura, Okamura —, , Okamura, bode Organizations: Liberal Democratic Party, Bank of America, Nikkei, Tokyo Stock Exchange, Bank of Japan's, U.S . Federal Reserve, Fed, Bank of Japan, Hitachi, Mitsubishi Logistics, Tokyo Marine Holdings, Japan Equity, Tokyo Marine Locations: Japan, Tokyo, shareholdings
Ballot drop boxes in Portland, Oregon, and neighboring Vancouver, Washington, were set on fire early Monday morning, police said, just over a week out from Election Day. The Portland Police Bureau said an "incendiary device" was placed inside of a sidewalk ballot box in the Central City district. At around 4 a.m. local time, about a half-hour after the reported fire in Portland, police in Vancouver also responded to a ballot box fire. Earlier this month, the Vancouver bomb squad responded to reports of a "suspicious device" near a downtown ballot box, police said. The device was "safely removed" and the ballot box itself was "not compromised," according to a news release.
Persons: Greg Kimsey, Shasti Conrad, Kimsey, Marie Gluesenkamp Perez, Donald Trump, Joe Kent Organizations: Vancouver . The Portland Police Bureau, Officers, Portland police, Unit, NBC News, Disposal Unit, FBI, Vancouver, Washington State Democratic Party, Congressional, Democratic Rep, Republican, U.S . Postal, Police Locations: Portland , Oregon, Vancouver , Washington, Portland, Vancouver ., Central City, Vancouver, Multnomah County, Clark County, Washington's, Phoenix
The base GOP voters Trump is most focused on aren’t necessarily the same voters who are key to the coalition Snyder is trying to build. Gretchen Whitmer, and two-seat majorities in both the state House and the state Senate (Democrats also hold a majority on the state Supreme Court). “The only advantage they have is old notions,” Whitmer said last week at her own event to support state House candidates in Oakland County. All the districts he’s targeting “can swing either way,” Snyder said. Rick Snyder is openly trying to get MAGA extremists elected to the state House,” Kubitschek said.
Persons: Rick Snyder, ” Snyder, , Donald Trump, There’s, Snyder, Kamala Harris, Fred Upton, Trump, Peter Meijer, , Tommy Brann, ” Paul Hudson, Hillary Scholten, Meijer, “ I’ve, ” Hudson, Mike Rogers, ’ “, Gretchen Whitmer, Whitmer, , ” Whitmer, Geoff Robins, Joe Biden, I’ve, , ’ ” Snyder, Ron Robinson, Tom Kuhn, Tommy Kubitschek, Snyder’s, It’s, MAGA, ” Kubitschek, Jennifer Conlin, Ann Organizations: Michigan Gov, GOP, Republicans, Trump, Republican, NBC News, White, Michigan’s Republican U.S, Senate, Democratic, Michigan, Getty, Pepsi, Michigan ”, Council, Brann, Affordable, Democrats, Michigan Democratic Party, , Republican Party Locations: WYOMING, Mich, , Michigan, There’s, Grand, Detroit, Battle, Traverse City, Grand Rapids, , Lansing, Oakland County, Flint, AFP, Utica, Troy, Ann Arbor
TOKYO — The makeup of Japan’s future government was in flux on Monday after voters punished Prime Minister Shigeru Ishiba’s scandal-tainted ruling coalition in a weekend election, leaving no party with a clear mandate to lead the world’s fourth-largest economy. The biggest winner of the night, the main opposition Constitutional Democratic Party of Japan (CDPJ), had 148 seats, up from 98 previously, but also still well short of the 233 majority. But days before the vote, a newspaper affiliated with the Japan Communist Party reported that the party had provided campaign funds to branches headed by non-endorsed candidates. “LDP’s payments to branches show utter lack of care for public image,” ran an editorial in the influential Asahi newspaper two days before the election. In one bright spot, a record 73 women were elected into Japan’s male-dominated parliament, surpassing 54 at the 2009 election.
Persons: Shigeru Ishiba’s, , Ishiba, Komeito, Keiichi Ishii, , Tobias Harris, Yoshihiko Noda, Fumio Kishida, Yuichiro Tamaki, Nobuyuki Baba, Rintaro Nishimura, Masakazu Tokura Organizations: U.S, Ishiba’s Liberal Democratic Party, Constitutional Democratic Party of Japan, Japan Foresight, LDP, Japan Communist Party, Asahi, Democratic Party for, People, Japan Innovation Party, DPP, Bank of Japan, Asia, Komeito Locations: TOKYO, China, North Korea, Japan
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMarkets trying to understand BOJ & yen position post-elections: StrategistThe Nikkei 225 rockets higher after a surprising defeat for the ruling Liberal Democratic Party. We ask Daniel Gerard from State Street Global Markets what that says about market sentiment, and where it leaves the Bank of Japan and the Japanese yen.
Persons: Daniel Gerard Organizations: Nikkei, Liberal Democratic Party, State Street Global, Bank of Japan
TOPSHOT - Officials look on as people vote during the general election at a polling station set up at a local school in Tokyo on October 27, 2024. Japan voted on October 27 in its tightest election in years, with new Prime Minister Shigeru Ishiba and his juggernaut Liberal Democratic Party facing potentially their worst result since 2009. (Photo by Richard A. Brooks / AFP) (Photo by RICHARD A. BROOKS/AFP via Getty Images)Futures for Japan's benchmark Nikkei 225 were mixed Monday after the country saw the ruling Liberal Democratic Party lose its majority in Japan's lower house following elections on Sunday. Public broadcaster NHK has projected the ruling bloc would secure 214 seats, with just one of the total 465 seats undeclared. The opposition Constitutional Democratic Party and the Democratic Party for the People have made significant gains in this election.
Persons: Shigeru Ishiba, Richard A, Brooks, RICHARD A, BROOKS Organizations: Liberal Democratic Party, Getty, Nikkei, Sunday, Public, NHK, Constitutional Democratic Party, Democratic Party for Locations: Tokyo, Japan, AFP, Chicago, Osaka
The yen touched a three-month low on Monday as Japan's ruling coalition lost its parliamentary majority and investors figured that would likely slow future interest rate hikes, while the dollar headed for a monthly gain on rising U.S. yields. On the dollar, the yen hit its weakest since late July at 153.3 in early-morning trade and it touched the same milestone at 165.36 to the euro . That was down from the 279 seats they held previously and marked the coalition's worst result since it briefly lost power in 2009. The U.S. dollar index has climbed 3.6% during October, its sharpest monthly rise since April 2022. The New Zealand dollar traded near a three-month low of $0.5974, down nearly 6% for the month.
Persons: Shigeru Ishiba's, Komeito, Donald Trump, Sterling Organizations: Shigeru Ishiba's Liberal Democratic Party, NHK, Bank of Japan, Nomura, U.S, gilts, Australian, New Zealand Locations: Japan, U.S, Europe, Australia, China
Japan's longtime ruling Liberal Democratic Party may have suffered an election shock, but analysts said that's unlikely to deter the Bank of Japan from its interest rate hike cycle. In Sunday's elections, the LDP lost its majority in Japan's lower house for the first time since 2009. Besides its junior coalition partner Komeito, the LDP will need to work with other parties to form a government. The political turmoil comes ahead of a Bank of Japan meeting this week. Roughly 86% of economists polled by Reuters expect the central bank to leave its rates unchanged when it announces its decision Thursday.
Persons: Kazuo Ueda, Japan's, Komeito, David Boling, CNBC's, they're, Izumi Devalier, Devalier, you've Organizations: Japan, International Monetary Fund, World Bank, Liberal Democratic Party, Bank of Japan, LDP, Eurasia Group, Reuters, Bank of America Locations: Washington , U.S, Japan
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