Japan’s record covid cases stoke economic double-dip concern #SootinClaimon.Com

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Japan’s record covid cases stoke economic double-dip concern (nationthailand.com)

Japan’s record covid cases stoke economic double-dip concern

InternationalNov 21. 2020Pedestrians wait to cross a road in Tokyo on Nov. 19, 2020. MUST CREDIT: Bloomberg photo by Soichiro Koriyama.
/Photo by: Soichiro Koriyama — Bloomberg
Location: Tokyo, JapanPedestrians wait to cross a road in Tokyo on Nov. 19, 2020. MUST CREDIT: Bloomberg photo by Soichiro Koriyama. /Photo by: Soichiro Koriyama — Bloomberg Location: Tokyo, Japan 

By The Nation

Syndication The Washington Post, Bloomberg · Yoshiaki Nohara

Record covid-19 cases in Japan and overseas are increasing the risk of the economy losing recovery momentum and even shrinking again as the spread of infections complicates the government’s plans to support growth.

Lockdowns overseas and renewed concerns over the virus at home already appear to be impacting activity in Japan’s economy, according to PMI data released Friday. The figures showed a faster rate of contraction in both the manufacturing and service sectors.

While the likelihood of a double-dip contraction in Japan still isn’t the main scenario for economists, the outside risk of one is growing as the near-term outlook continues to look far from clear even after encouraging vaccine test results.

The surge in infection cases makes Shinichiro Kobayashi, chief economist at Mitsubishi UFJ Research & Consulting Co., wonder if he needs to cut his current forecast for zero growth in the first quarter of 2021.

“Just a little push will be enough to bring Japan into a double dip,” Kobayashi said Friday, a day after Tokyo raised its virus alert to the highest level and nationwide cases hit another daily record. “It’s becoming acutely clear that the government isn’t able to contain virus cases while boosting economic activity.”

On Friday, the capital reported 522 new cases, topping 500 for a second straight day. Local media reported daily cases remained high in other areas, including a fresh record in Hokkaido.

Just as growing infections in Japan present a double-dip tail risk for Japan, soaring case numbers overseas could also bode ill for the world economy.

“A second wave of infections is slowing down the recovery; it is losing momentum,” Kristalina Georgieva, managing director of the International Monetary Fund, said of the global economy at Bloomberg New Economy Forum.

Most economists still expect Japan’s growth to continue, but at a much slower pace. The economy surged an annualized 21.4% in the previous quarter after a record slump during a nationwide state of emergency in April and May.

Prime Minister Yoshihide Suga’s government and the Tokyo metropolitan authorities have so far held back from any major tightening of voluntary restrictions, despite the uptick in infections. While there seems to be very little appetite for calling another state of emergency, the possibility is growing that some measures will need to be taken.

Suga has called for a third extra budget to keep the economy on a growth path, but the spread of infections makes it difficult for him to simply rely on his Go-To-Travel campaign.

The domestic travel subsidies have been one of the government’s most successful stimulus tools, but they could end up contributing to the spread of the virus if they are extended or expanded or if guidelines aren’t observed.

The program is also weighing on inflation. Figures out Friday showed key consumer prices falling at the fastest pace in more than nine years, driven down partly by the travel discounts.

Mitsumaru Kumagai, chief economist at Daiwa Institute of Research Ltd. and an adviser to Suga, estimates the impact of the campaign at 3.6 times the initial cost, resulting in a 4.9 trillion yen boost to the economy over time. That growth prop could have less impact if the program needs to be downsized or withdrawn.

About 40 million people used the Go-To-Travel program between July 22 to Oct. 31 to the tune of about 209 billion yen ($2 billion), according to Japan Tourism Agency.

Kumagai warns that another nationwide emergency lasting a month would shave 3.3 trillion yen off gross domestic product and push up unemployment by 1.2 percentage points.

Day-care operator tells parents covid is a ‘hoax’ #SootinClaimon.Com

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Day-care operator tells parents covid is a ‘hoax’ (nationthailand.com)

Day-care operator tells parents covid is a ‘hoax’

InternationalNov 20. 2020

By The Washington Post
Meagan Flynn, Sarah Pulliam Bailey, Michelle Boorstein

The complaints started to mount after a teacher who tested positive for the coronavirus had been at work maskless – working with toddlers and infants.

In fact, no one was wearing masks at Little Lambs Christian Dayschool, the day care at Fairlawn Christian Academy in Radford, according to Virginia Department of Health records.

But on Monday, Pastor Stephen Phillips sent a memo to parents, telling them that there was nothing to be worried about – and that they shouldn’t trust federal health authorities.

“Don’t allow yourself to be controlled and manipulated by media hype and government propaganda,” the pastor wrote, according to a copy obtained by The Washington Post and which is also referenced in state records. “Please do your own research!”

Now, after parents and even one employee’s boyfriend complained to the state health department, Phillips’s apparent refusal to comply with virus restrictions has led to swift consequences.

Following an immediate investigation, the state suspended Little Lambs Christian Dayschool’s food-service permit, which Noelle Bissell, director of the New River Health District, said is the only regulatory authority health officials have over establishments that flout coronavirus restrictions.

The state took this step only after Phillips told investigators he would refuse to follow public health guidelines. The investigation unfolded this week as Virginia and much of the nation are seeing record surges in coronavirus cases, while hospitals are preparing for influxes of patients.

All Phillips has to do is agree to follow the rules to get his permit back, the state said – but in another letter to parents he made clear he does not intend to do so. Instead, he said that the state shut down his entire business, including Fairlawn Christian Academy, and that parents should “convey their indignation to the Montgomery County Health Department and Governor Ralph Northam.”

“Because we have refused to adopt state mandated Covid guidelines, we have had our license to do business rescinded,” Phillips wrote in a letter provided to The Post by a parent. He added: “If you are not already aware, the entire Covid pandemic has been a hoax to establish an the anti-Christ Kingdom on earth.”

Phillips and other staff members at Fairlawn Christian Academy did not respond to multiple requests for comment Thursday.

Bobby Parker, a spokesman for the state health department, said Phillips’s claim that the state shuttered the school and day care is a misrepresentation of the department’s actions. Only the day care’s food permit is temporarily suspended – but will be restored if Phillips complies with restrictions.

The food permit “is not permanently cast aside,” he said. “There is an opportunity for it to be restored if there’s a demonstration of compliance” with Northam’s executive orders requiring masks and social distancing within businesses.

Parker said he was not aware of any other legal actions the state was taking against the business that could lead to it being shut down. The Virginia Department of Social Services, which oversees child-care facilities, could not be reached for comment Thursday evening. Online DSS records show Little Lambs day care is exempt from licensing because it is a religious facility. It has a capacity of 95 kids, ages 1 month old to under 13.

The decision by Phillips and his wife, Patrice Phillips, to close both the day care and Christian school has left parents scrambling to find new schooling and child-care options.

As a single mom, Chelsea Sewell, 28, was devastated to learn that the school was closing. Her 6-year-old daughter Marlee had been part of the day care since she was 2 and started attending the Christian school this year to avoid virtual learning in the public school system.

Sewell said she didn’t think it was a health risk to put her daughter in school, but she does believe covid-19 is “100 percent real.”

“This letter is just out of hand,” she said. “I do understand that Pastor Steve is upset about the school closing, but he didn’t need to go that extreme.”

According to health department records, at least three people complained to the state after Phillips sent a memo explaining a teacher tested positive while also telling them not to trust federal health authorities. One said his girlfriend, an employee, was specifically told not to wear a mask.

“Since the management believe COVID-19 to be some sort of government conspiracy, they failed to take this seriously,” another person wrote to the health department in an email, attaching Phillips’s initial letter.

Phillips and his wife refused to cooperate with investigators who visited the school two days later, even denying that an unmasked teacher tested positive after investigators already confirmed that with the teacher herself.

Another woman who complained, who spoke on the condition of anonymity for fear of retribution against her family, told The Post her sister’s children attended the school, and after her sister showed her the school’s initial letter to parents, she was “mortified.” Her niece has asthma, she said. She felt like she had to do something.

“I’m a health-care worker,” she said. “I am having to protect myself on a daily basis. . . . It’s not only that they’re not taking precautions, but you know someone tested positive and you’re just going on business as usual? You’re notifying the parents and telling them, don’t worry about this, it’s a hoax?”

Her sister, who also spoke on the condition of anonymity for fear of reprisal, told The Post that she believed her kids were safe because classroom capacity at Fairlawn Christian Academy was limited to fewer than 10 kids.

She and Sewell said that two months ago, the school shut down for seven days after a student tested positive for the coronavirus, leading them to believe the school was taking precautions.

Sewell said the pastor telling everyone that coronavirus is a “LIE straight from hell” was especially offensive. She knows people, like her best friend’s grandfather, who died of covid-19.

“How do you explain to your best friend that the pastor of this school thought this whole coronavirus was a hoax?” she said. “It’s just sad.”

Confident his victory will stand, Biden tries to stay above the fray #SootinClaimon.Com

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Confident his victory will stand, Biden tries to stay above the fray (nationthailand.com)

Confident his victory will stand, Biden tries to stay above the fray

InternationalNov 20. 2020President-elect Joe Biden speaks Thursday at the Queen theater in Wilmington, Del., after meeting virtually with 10 U.S. governors. Biden has brushed aside President Trump's efforts to reverse the election results, saying, President-elect Joe Biden speaks Thursday at the Queen theater in Wilmington, Del., after meeting virtually with 10 U.S. governors. Biden has brushed aside President Trump’s efforts to reverse the election results, saying, “It’s hard to fathom how this man thinks.” Washington Post photo by Salwan Georges 

By The Washington Post
Michael Scherer, Matt Viser

President-elect Joe Biden tried Thursday to minimize as an irresponsible distraction the ever-escalating attempts by President Donald Trump and his allies to undermine or overturn the presidential election results.

The decision reflected confidence among Biden’s advisers that Trump’s maneuverings – from pushing Michigan Republicans to block certification of the results to unfounded claims that U.S. voting machine software had been tampered with by allies of the late Venezuelan leader Hugo Chávez – were little more than public spectacle aimed at satisfying Trump’s sense of grievance with no chance of overturning the vote.

“It’s hard to fathom how this man thinks. It’s hard to fathom,” Biden told reporters in Wilmington, Del. “I am confident he knows he hasn’t won and he’s not going to be able to win, and we’re going to be sworn in on Jan. 20.”

Biden said he did not plan any new legal moves in response to Trump’s latest efforts, but also did not rule out taking action against the General Services Administration at a future date to force a belated recognition of his presidential transition. The GSA, following Trump’s dictate, has refused to allow the traditional exchange of information with the incoming administration, even blocking intelligence and pandemic briefings.

“Hang on. I’m on my way,” Biden said, after being asked what he would tell people concerned by Trump’s efforts to question the results. “That’s what I say to them. Not a joke.”

Democratic strategists and elected officials have largely closed ranks behind Biden’s strategy to avoid engaging directly with Trump’s efforts to spread false conspiracies about voter fraud or pressure political officials to award him the election in states where Biden earned more votes.

“The president-elect has taken the right tack, frankly, to stay above it, to keep focused on preparing himself for the work ahead, to be meeting with people who can help prepare him, even if the president continues to stonewall the transition – and let other actors push back,” Rep. Adam Schiff, D-Calif., said. “It’s in Donald Trump’s interest to continue to make this a partisan food fight. So I think it’s wise for the president-elect to keep some distance from that.”

While largely dismissing Trump’s machinations, Democrats also recoiled at the targets of his baseless allegations of fraud – voters in mostly African American cities like Detroit.

“This is just pure racism, unvarnished,” said Rep. Andy Levin, D-Mich., whose district is just outside the city. “He’s gone outside the bounds of democracy here. Anybody who’s involved in this scheme has left democracy behind and they’re in the land of maintaining power by whatever means necessary.”

Biden has approached Trump’s latest attempts to foment a sense of national crises in the same way his team handled the president’s most disruptive tactics during the campaign, though with arguably less public urgency. Biden previously downplayed the importance of Trump’s efforts to pressure Ukraine to hurt Biden’s campaign in 2019, and was dismissive of Trump’s constant focus on the past business dealings of his son, Hunter Biden.

At the same time, Biden’s campaign has also aggressively reached out to and promoted outside validators who are calling on Trump to accept the results of the election

Tom Donohue, CEO of the Republican-friendly U.S. Chamber of Commerce, said in a statement to Axios on Thursday that Trump “should not delay the transition a moment longer” and he notably referred to Biden as “president-elect.”

“We call on the Trump administration to work cooperatively with President-elect Biden and his team,” the National Association of Manufacturers said in a separate statement from the organization’s leadership.

Yet while Biden was merely a candidate when he dealt with Trump’s previous efforts to sow chaos, he now operates from a relative position of power, as a president-elect projected to win 306 electoral votes after flipping five states in the direction of Democrats, according to current vote counts. Biden’s legal team continues to express confidence that the election result will stick despite Trump’s latest efforts.

Those included directly contacting a Republican on the board of canvassers in Wayne County, Mich., on Tuesday. On Thursday, he invited to the White House Republican legislators from Michigan, who the Trump team hopes can be persuaded to overturn Biden’s 157,000-vote victory in the state.

The Biden campaign believes that suggests a political strategy that is as doomed as Trump’s legal strategy, which has broadly been rejected by state and federal courts. Biden’s advisers predict that any attempt to delay the certification of a state’s vote count so lawmakers could appoint their own electors would be rejected by federal courts as an unconstitutional violation of due process and the right to vote.

“The legislature has no authority to appoint electors where a state has held an election and by law the voters determine who those electors will be,” Biden campaign senior adviser Bob Bauer said. “Michigan held an election and the voters chose Joe Biden. Game, set, match. It’s all over.”

Biden’s communications team has also concluded there is no upside to engaging more directly with Trump’s false claims about the election, including broadly discredited conspiracies of massive voter fraud. They are aware that such accusations may weaken voters’ confidence in the election and Biden’s ability to govern across party lines, but think elevating the issue with Biden at the fore would not help.

“The Biden campaign built the largest and most aggressive voter protection operation in history, and they are still out there making sure every vote is counted and all the votes are certified,” said Ben LaBolt, who served as press secretary for Barack Obama’s 2012 reelection campaign. “The president-elect is focused right where he should be, which is staffing his administration and outlining his plan to govern.”

Inside Biden’s operations, the effort of fighting back against Trump has been relegated to a dwindling number of staff who are still working for the campaign and not on the transition effort. Mike Gwin, a spokesman for Biden’s campaign, released a statement Thursday denouncing a news conference at the Republican National Committee headquarters in Washington by Trump’s legal team, including former New York mayor Rudy Giuliani.

“Yet another Rudy Giuliani spectacle exposes, as his appearances always do, the absurdity of Donald Trump’s thoroughly discredited claims of voter fraud,” Gwin said. “Numerous courts, election officials from both parties, and even officials within Trump’s own administration, have all reaffirmed that claims of widespread voter fraud are categorically false. In fact, lawyers for Trump have admitted that in papers filed in court and under direct questioning from judges.”

The news conference included claims that had already been rejected by courts of widespread voter and vote counting fraud, while adding in new claims, like the unfounded accusation that “communist money” from China and Venezuela had influenced the election result.

“President Trump won by a landslide,” Trump campaign attorney Sidney Powell said falsely of results that have Biden leading by nearly 6 million votes and a comfortable electoral college lead.

While multiple Trump suits have been dismissed already, Biden’s campaign has legal teams monitoring all of the continuing challenges, including a recount in Wisconsin, where the state’s Elections Commission on Thursday ordered a review of more than 800,000 ballots in two liberal counties that Biden carried overwhelmingly. That recount was required by law after Trump’s campaign agreed to pay the $3 million cost.

Biden’s campaign has been confident that the recount won’t dramatically shift the state, where Biden won by nearly 21,000 votes.

“The claims are totally laughable and it’s political theater,” said one Biden adviser, speaking on the condition of anonymity because they were not authorized to speak publicly. “We’re focused on the issue that we think the American people care about: health care, covid, the economy. And that’s the split screen: Trump is relegated to a smaller and smaller audience while we’re focused on doing the business of the transition.”

Earlier this month, three days after he had been declared president-elect, Biden said it didn’t matter whether Trump conceded or not.

“I’m confident that the fact that they’re not willing to acknowledge we won at this point is not of much consequence in our planning and what we’re able to do between now and January 20,” he said.

He reiterated the comment Monday, when asked again about Trump’s claims that he instead was the winner. “I interpret that as Trumpianism,” Biden said. “No change in his modus operandi, and I think the pressure will continue to build.”

Biden instead has pushed forward to reframe the political debate around bipartisan efforts to tackle covid-19 and the economic impacts of the pandemic.

On Thursday, he held a virtual meeting with 10 governors – five Democrats and five Republicans – to talk about the coronavirus and their state-level responses amid another surge in cases.

“You need help, and I want you to know that I will be your partner in the White House,” Biden said. “I don’t see this as a red state issue or a blue state issue. I see this – we are all in this together.”

At his news conference later in the day, Biden underscored his belief that the best way forward for the country and his own presidency was in trying to work closely with Republicans in the Senate, who will control the body next year unless Democrats win two runoff elections in Georgia after the new year.

Biden said he had already selected a treasury secretary, who would be announced around Thanksgiving and, he said, was likely to be cheered across the ideological spectrum in his party.

Ultimately, while reserving the right to take legal action to force the Trump administration to recognize his presidential transition, he said that could take more time than building a consensus within the country and among Republican lawmakers that he should be recognized as president-elect.

“I am making a judgment based on many years of experience about how to get things done with the opposition,” Biden said. “My judgment is that we will get further along by actually working with our Republican colleagues now.”

– – –

The Washington Post’s Annie Linskey contributed to this report.

Pro-Trump media show different view of election #SootinClaimon.Com

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Pro-Trump media show different view of election (nationthailand.com)

Pro-Trump media show different view of election

InternationalNov 20. 2020

By The Washington Post
David Weigel

Joe Biden won the 2020 presidential election, carrying 306 electoral votes. Dozens of lawsuits, brought by President Donald Trump’s campaign and by conservative activists, have been knocked down, failing to find irregularities that had any effect on the vote.

Yet for three hours on Tuesday night, Newsmax prepared conservative viewers for something big. In Wayne County, Mich., two Republican officials had declined to certify the results of the Nov. 3 election. Host Greg Kelly claimed that the election could be “reversed,” then brought on Trump campaign attorney Sidney Powell to explain what the events in Michigan had meant.

“That’s an excellent development,” Powell said. “I would expect the entire Michigan board to reject the counts from the ballots. The election could not have been more rigged than it was.”

Moments later, the Wayne County Republicans reversed their decision, certifying the election. Twenty-four hours later they’d reverse themselves, again, attempting to retract the certification, which election rules do not allow them to do. This was surprising, but far less so for people watching pro-Trump media. Those outlets are offering his base an addictive alternate theory of the election. In this theory, one with no basis in fact or evidence but that threatens to undermine how American democracy works, the president claims to have won the election and the rest of the media is trying to steal it from him.

On Newsmax, on One America News, at websites such as the Epoch Times and Gateway Pundit, the election’s drama is not over, and the plan to keep Trump in power sounds straightforward: Stop key states from certifying the election, and snatch at least 37 electoral votes from Joe Biden

“All your corruption’s going to come out in Wisconsin,” former White House adviser Steve Bannon told listeners of his podcast, “The War Room,” on Wednesday morning, predicting that a recount in the state would turn up enough fraud to void the election. That’s fanciful, and it’s not the Trump campaign’s argument, that it can disqualify 100,000 absentee ballots or more in two liberal counties if they were requested online. “Not going to be able to certify Wisconsin. Sorry. Not going to be able to certify Michigan. Sorry. Not going to be able to certify Georgia. Sorry. Not to mention Pennsylvania, you obviously can’t certify that.” (Biden leads in the count in Wisconsin by about 20,600 votes, in Michigan by about 157,000, in Georgia by about 13,600 and Pennsylvania by about 82,000.)

Republicans and administration officials, usually cloaked in anonymity, have said for days that the election challenges are harmless gifts for a president who hates to lose. Fox News cut into afternoon programming on Thursday to air a bizarre, lengthy news conference at the Republican National Committee, with logic-defying claims that had been circulating on pro-Trump media. But Biden’s campaign has taken the same approach to the transition that it took to last-minute allegations of corruption against the president-elect’s son: Ignore, refute, and wait for the facts to prove them right.

“I just think it’s an embarrassment, quite frankly,” Biden said last week. “The fact that they’re not willing to acknowledge that we won, at this point, is not of much consequence in our planning.”

Conservative election challenges have also divided the Republican Party and failed to generate any energy outside the already supercharged Trump base. A “Million MAGA March” in Washington last week fell around 990,000 attendees short of its eponymous goal; the “campaign-style” rallies that the president was reportedly considering 11 days ago, dramatizing his claims of fraud, have not taken place.

Instead, the president has tweeted links to stories that allege fraud and asserted that he won states that he did not. He has not directly addressed the results, on camera, in two weeks.

“Donald Trump won, I believe, clearly, a 70%-plus landslide election in the nation,” Lin Wood, an Atlanta-area attorney, said on Fox News host Mark Levin’s radio show this week. “He probably won over 400 electoral votes.”

Wood has sued to overturn Georgia’s election; the president’s tweets about Georgia, which finished its audit of the vote Thursday, have embraced Wood’s theory that changes to signature-matching rules, agreed to by a Republican election official, should nullify the results.

In the media that is most friendly to the president – a lot of it being consumed by Trump himself right now – this is one of many baseless theories getting airtime. Texts and emails to donors insist that “the Radical Left’s plan to steal the Election is starting to crumble.” While Republicans critical of the strategy decline to go on the record, his allies and his campaign are heading to microphones, saying Trump probably won the election, possibly by a landslide, and there’s time to prove it or, at least, to prevent Biden from being sworn in.

Fox News, which for decades has been at the center of the conservative media ecosystem, has a wobbly role in this story. The network blew away the ratings competition on Nov. 3, and its call of Arizona for Biden held up despite Trump campaign claims that it would win there. But it has lagged behind competitors in post-election coverage and clearly lost some market share to Newsmax and OAN, networks that are less available on cable packages but easy to devour online. And after cutting away from an RNC news conference last week, citing misinformation, it split the difference Thursday: It aired more than 90 minutes of accusations, before a reporter summed them up by saying they were not true.

According to Nielsen numbers, first collected by The Associated Press, Newsmax’s viewership has increased tenfold since the election, with more than half a million people watching its prime-time streams. OAN, which the president has promoted for years as a Fox News alternative, has gotten boosts from presidential retweets and a stream of interviews with Trump officials who do not get friendly treatment on other networks.

“Our Constitution does provide mechanisms for if an election is irredeemably compromised, there’s corruption, or there’s foreign influence,” Trump legal adviser Jenna Ellis said in an OAN interview this week. The mechanism, she explained, was to “not certify false results.”

Ellis said as much on Twitter, incorrectly insisting that “Republican state legislator” (sic) would get to assign the state’s electoral votes if lower-level officials didn’t certify the Nov. 3 results. (Under Michigan law, which cannot be changed without the agreement of Democratic Gov. Gretchen Whitmer, the legislatures cannot supersede the certified popular vote.) But Twitter, like other social media giants, has been appending warnings to false election information. Pro-Trump media does not do that, instead treating the results as called by The Associated Press and others as an irresponsible display of electoral interference. Neither Newsmax nor OAN has called the election; neither has the Epoch Times, whose map displaying six Biden-won states as “contested” – leaving Trump ahead in the electoral vote count – has been featured in Trump donor appeals.

There’s no single theory of how the results can be overturned. Instead, pro-Trump sites embrace every theory. Mainstream coverage of the challenges has sifted out the fakery and reported on damaging developments such as Trump campaign attorneys admitting that they have no proof of fraud.

But as consumers of pro-Trump media knew for days, there was no one-shot lawsuit that could overturn the election. Only a cloud of uncertainty could do that. Signal-boosted by the president, rumors about the election could get to local officials, or to the right judge, convincing them that the election’s outcome in their state or county was unknowable. In their Nevada and Pennsylvania suits, Trump attorneys have asked for the states’ electoral votes to either be given to the president or not awarded at all, so long as the number of ballots being questioned are greater than the margin between Biden and Trump.

In court, that argument relies on data that could, theoretically, be collected, like more than 1.5 million envelopes that Pennsylvania absentee ballots arrived in. In pro-Trump media, anything else can fly, from questions about how few mail ballots were disqualified, to a conspiracy theory that the voting software company Dominion allowed results to be altered. While it’s easy for reporters to witness recounts in person – a Washington Post reporter did so last week – pro-Trump media have avoided that in favor of coverage of rallies against certifying the counts or speculation about anything that could nullify them.

False allegations that foreign actors altered vote counts ping-ponged across that universe. One theory involving Venezuela was advanced on OAN by a former Department of Homeland Security official; another was flogged by a retired Air Force officer and former Obama birther; and by Turning Point USA founder Charlie Kirk, an influential Trumpworld figure who spoke at the Republican National Convention. And on Thursday, Sidney Powell closed the loop, using the news conference with Giuliani to inaccurately bring in George Soros and the Clinton Foundation.

Wild claims like these have not shown up in any Trump campaign lawsuits. But they’re cycling through pro-Trump media, influencing the thinking of the president and the sort of people who become partisan elections officers. A rumor that repeatedly has been debunked, or relies on allegations so wild that they risk defamation, may not get oxygen in mainstream media outlets or in courts. It would not need to, in the preferred Trump campaign scenario, which is shared every day on channels such as OAN – that is, find enough officials in enough states who refuse to certify the election. For conservatives just outside the loop, it’s hard to follow. But they are not ruling anything out.

“Do you think Lin Wood and Sidney Powell want to do a replay of Geraldo [Rivera]’s vault?” Rush Limbaugh asked his listeners Tuesday, referring to a moment that humiliated man who would become a Fox News correspondent. “I mean, there is no way.”

That was before Thursday’s news conference, during which Powell, with no evidence, suggested that the results from Nov. 3 were fraudulent and could be nullified because of the machines being used. On Friday, 13 days after the election result was declared, the president is set to welcome Michigan’s Republican legislative leadership to the White House.

Trump applies levers in bid to reverse vote #SootinClaimon.Com

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Trump applies levers in bid to reverse vote (nationthailand.com)

Trump applies levers in bid to reverse vote

InternationalNov 20. 2020President Trump's attorney, Rudy Giuliani, is pictured alongside a map showing four key states in red during a news conference Thursday at the Republican National Committee headquarters in Washington, D.C. Photo by Sarah Silbiger for The Washington PostPresident Trump’s attorney, Rudy Giuliani, is pictured alongside a map showing four key states in red during a news conference Thursday at the Republican National Committee headquarters in Washington, D.C. Photo by Sarah Silbiger for The Washington Post 

By The Washington Post
Philip Rucker, Amy Gardner, Josh Dawsey

WASHINGTON – President Donald Trump is using the power of his office to try to reverse the results of the election, orchestrating a far-reaching pressure campaign to persuade Republican officials in Michigan, Georgia and elsewhere to overturn the will of voters in what critics decried Thursday as an unprecedented subversion of democracy.

After courts rejected the Trump campaign’s baseless allegations of widespread voter fraud, the president is now trying to remain in power with a wholesale assault on the integrity of the vote by spreading misinformation and trying to persuade loyal Republicans to manipulate the electoral system on his behalf.

In an extraordinary news conference Thursday at the Republican National Committee headquarters, Trump’s attorneys claimed without evidence there was a centralized conspiracy with roots in Venezuela to rig the U.S. presidential election. They alleged voter fraud in Atlanta, Detroit, Milwaukee, Philadelphia and other cities whose municipal governments are controlled by Democrats and where President-elect Joe Biden won by large margins.

“We cannot allow these crooks – ’cause that’s what they are – to steal an election from the American people,” said one of the attorneys, Rudy Giuliani. “They elected Donald Trump; they didn’t elect Joe Biden. Joe Biden is in the lead because of the fraudulent ballots, the illegal ballots that were produced and that were allowed to be used after the election was over. Give us an opportunity to prove it in court and we will.”

Neither Giuliani nor other Trump attorneys have furnished evidence to support that or any other claim of widespread fraud.

Thursday’s show by Trump’s lawyers disquieted many, including Christopher Krebs, the Trump-appointed director of the Cybersecurity and Infrastructure Security Agency whom the president fired Tuesday after he stated publicly that the election had been secure.

“That press conference was the most dangerous 1hr 45 minutes of television in American history. And possibly the craziest,” Krebs wrote on Twitter.

On Capitol Hill, senior Democrats ratcheted up their rhetoric. “I think this borders on treason,” said House Majority Leader Steny Hoyer, D-Md. “He is undermining the very essence of democracy, which is: You go to the poll, you vote and the people decide. There’s no doubt that the people decided.”

Ben. Ben Sasse of Nebraska was one of the few Republicans to offer criticism Thursday. “Wild press conferences erode public trust,” Sasse said in a statement. “. . . Rudy and his buddies should not pressure electors to ignore their certification obligations under the statute. We are a nation of laws, not tweets.”

In defiance of the vote, Trump and his lawyers are scrambling to stop key states from certifying their results and to enlist Republican state officials to overturn Biden’s wins by seating Trump electors to the electoral college.

Biden’s team expressed confidence Thursday that Trump’s intensifying effort to keep power would fail.

“None of it is legally significant,” said Bob Bauer, a senior adviser to the Biden campaign, who runs the election protection legal efforts. “They are pivoting from this completely failed litigation strategy to a strategy of misleading people into believing that he now has a political option. It is a response to failure. It is the last card that he thinks he can pull from his deck here, but his hand remains a completely losing hand.”

But other Democrats voiced more concern about the threat of Trump’s moves.

“Other people looked at me like I was insane, but I have fully anticipated that Donald Trump would try every trick in the book,” said Rep. Debbie Dingell, D-Mich. “The kind of stuff that’s being done now is undermining people’s confidence in the election process and the integrity of the election and it is fundamentally attacking the roots of our democracy, and it is unacceptable.”

Trump’s focus for the moment is centered on Michigan, where Biden is the projected winner and leads by about 157,000 votes. The president earlier this week called a Republican member of Wayne County’s Board of Canvassers, after which she attempted to rescind her vote to certify Biden’s win in Wayne, which is where Detroit is located and is the state’s most populous county.

Trump then invited the leaders of Michigan’s Republican-controlled state Senate and House to meet him Friday at the White House ahead of next Monday’s state canvassing board meeting to certify results.

The president’s allies have said that if the board deadlocks, the legislature could choose to ignore Biden’s popular-vote win and seat Trump electors. But experts say such a move would be on shaky legal ground. And multiple election lawyers have said that scenario is unlikely for several reasons. Gov. Gretchen Whitmer, a Democrat, has the power to fire members of the canvassing board and appoint interim replacements without legislative approval. And Democrats are highly likely to file suit in the event the board deadlocks, because state law directs the board to follow the popular vote in its decision to certify.

“I can’t tell you all the different actions [Republicans] are contemplating, but I implore people to put country over party and do the will of the people – respect the law, and see through that the will of the people is reflected in our electors and not play games with this fundamental part of our democracy,” Whitmer said at a news conference Thursday.

In Georgia and Pennsylvania, where Republicans also control the state legislatures, officials said Trump’s ploy stood little chance of success.

A top adviser to Georgia Secretary of State Brad Raffensperger, a Republican, said there is “zero” chance the secretary would take a phone call from the president or his advisers. Raffensperger is expected to certify the statewide result Friday, as required by law. The certification then goes to Gov. Brian Kemp, another Republican, for his signature.

Kemp told reporters last week that he was glad Raffensperger ordered the hand-counted audit of the presidential vote. “Let’s let that happen and let the chips fall where they may,” he said.

Yet Trump has for the past several days been publicly badgering Kemp to intervene in the recount to reject ballots and “flip” the result, which currently has Biden winning by 12,284 votes. “Republicans must get tough!” Trump tweeted at Kemp on Thursday morning. Privately, Trump has told advisers he is furious with the governor for not doing more to overturn the outcome.

Trump also is consulting with advisers about how he might get Wisconsin ballots discarded, and his lawyers say they believe he has a relatively strong case in Dane and Milwaukee counties because of how officials there conducted absentee balloting. They have offered no evidence to bolster their case.

These are the words and actions of an attempted coup, according to historians and other experts.

“We have never seen anything like this before,” historian and author Michael Beschloss said. “This is a president abusing his very great powers to try to stay in office, even though it is obvious to everyone that he has been defeated in the polls. That is a prospect that terrified most of the founders.”

Beschloss added, “I don’t want to be alarmist, but I do think it’s our job as citizens to keep watch on every one of these things with an eye to that ultimate dread of the founders, which is that a president rejected by the voters would use his powers to try to stay in office anyway.”

The latest evolution in the Trump strategy came into view Thursday at RNC headquarters, where Giuliani and campaign attorneys Jenna Ellis and Sidney Powell presented their argument for widespread fraud but provided no evidence.

Powell argued that the voting systems used in many states, including those manufactured by Dominion Voting Systems, use software “created in Venezuela at the direction of Hugo Chávez to make sure he never lost an election.”

The conspiracy theory that machines by Dominion, a Colorado-based manufacturer, were programmed to rig the election has spread widely on right-wing websites and social media and has become an obsession of Trump’s in recent days. A Republican who has spoken with the president said he has been telling his team that votes should be thrown out in any state, such as Georgia, where Dominion machines were used.

There is no evidence to support this theory, however.

The Trump campaign did not raise objections to Dominion equipment or software before the Nov. 3 election. And the company’s products are certified for use in states that Trump won, including Utah and Florida.

In addition, Giuliani and Powell’s claims have been disproved in Georgia, where the state’s hand recount of nearly 5 million paper ballots affirmed that the Dominion scanners accurately counted the vote, state officials said.

Ellis swatted away questions from reporters asking for evidence of the massive fraud that she, Powell and Giuliani claimed, saying they would produce it later.

Trump was said to be enthused about the news conference and asked allies to watch it, a White House official said. The event seemed at times farcical, with streaks of what appeared to be black hair dye mixed with sweat dripping down the sides of Giuliani’s face as he spoke.

Giuliani has assumed control of the president’s strategy, which is in part to build a public-relations case on television that amps up political pressure on Republican officials in key states to make decisions more amenable to Trump, according to two campaign officials.

At first, officials said, Trump seemed rather deflated with the election results and only going through the motions of a legal fight. But his attitude changed in recent days. Although Trump has long vacillated on Giuliani, he has been buoyed by the former New York mayor’s energy – and, after so many other advisers told him he was unlikely to win a second term, by Giuliani’s proclamations that he just might, two campaign advisers said. They, like others, spoke on the condition of anonymity to discuss internal deliberations.

But not everyone in the president’s orbit shares his enthusiasm. One senior White House official, asked for comment about Giuliani, let out a long laugh. Some advisers think Giuliani sees this ongoing effort as a way to make money and remain relevant.

Some of Trump’s most valued lawyers – including White House counsel Pat Cipollone and private attorneys Jay Sekulow and Jane and Marty Raskin – have not played large roles in this post-election fight, while former Florida attorney general Pam Bondi, a public face for the effort in the early days, has all but disappeared.

Trump campaign lawyers Justin Clark and Matt Morgan were not at Thursday’s news conference and were not part of the Giuliani discussions. “They’ve been totally cut out,” a senior campaign official said.

Clark and campaign manager Bill Stepien were said to be at headquarters Thursday and aides were winding down the operation, dealing with contracts and offboarding hundreds of employees.

Also not present was RNC Chairwoman Ronna McDaniel, who was in Michigan. The RNC granted Giuliani’s request to use its building after officials there were informed by the president that Giuliani was in charge of all efforts, an official said.

Giuliani did not respond to multiple requests seeking comment.

Election law experts said the clock is ticking on Trump, as states will soon certify their results.

“Every day that the process continues as normal solidifies Biden’s position,” said Rick Hasan, a law professor at the University of California at Irvine. “Anything he has a chance to win is not enough to change the outcome in any state. The legal path is dead.”

– – –

The Washington Post’s Mike DeBonis, Michael Scherer and Matt Viser contributed to this report.

In Georgia, efforts to get out the vote haven’t stopped #SootinClaimon.Com

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In Georgia, efforts to get out the vote haven’t stopped (nationthailand.com)

In Georgia, efforts to get out the vote haven’t stopped

InternationalNov 20. 2020Deborah Scott, executive director of Georgia Stand-Up, is focused on registering more voters ahead of the state's Senate runoffs. Washington Post photo by Melina MaraDeborah Scott, executive director of Georgia Stand-Up, is focused on registering more voters ahead of the state’s Senate runoffs. Washington Post photo by Melina Mara 

By The Washington Post
Vanessa Williams, Reis Thebault

ATLANTA – For Deborah Scott, executive director of Georgia Stand-Up, it’s as if Election Day never ended.

The get-out-the-vote efforts of civic engagement groups like hers, which helped Joe Biden become the first Democratic presidential candidate to win the state in nearly three decades, have been ongoing since Nov. 3. The group is still knocking on doors, calling voters and signing up new registrants, with a big push involving 100 volunteers planned for this weekend. Another group that works to mobilize voters of color set up tables at a recent high school graduation to register newly eligible young voters. A third group is reaching voters at transit stations.

The efforts are a continuation of the groups’ relentless push to register, engage and turn out voters ahead of a pair of high-stakes Senate runoffs on Jan. 5, which will determine which party controls the Senate and potentially whether a President Biden will be able to enact an ambitious agenda or be blocked by a restive upper chamber.

“At this point, it’s a turnout game,” said Scott, whose group focuses on Atlanta. As excited and proud Black voters are about their role in the outcome of the general election, Scott said the challenge is to remind them “we’re not done yet. We have to get them to go back. We have to show them why this race is so important because a lot of people will not be as engaged.”

Republicans have historically outperformed Democrats in Georgia’s runoff elections, which is one reason some political strategists suggest the Democratic Party and these groups have a steep climb ahead of the runoffs, which pit challenger Jon Ossoff, a Democrat, against incumbent Sen. David Perdue, a Republican, and the Rev. Raphael Warnock, a Democrat, against Sen. Kelly Loeffler, a Republican. The runoffs were triggered when none of the candidates got more than 50% of the vote in the Nov. 3 election.

But President Donald Trump’s aggressive attempts at overturning the results of the presidential race could prompt a backlash from Democratic voters, particularly Black voters, whose support was critical to Biden’s success in the election. Many view Trump’s false accusations of voter fraud – targeting heavily Black cities including Philadelphia, Atlanta and Detroit – as racist attempts to invalidate African American votes.

“I’ve definitely met people in rural parts of the state who say, ‘Oh they’re trying to take away our vote? We’re not going to have that,’ ” said Wanda Mosley, senior coordinator for Black Voters Matter in Georgia. “It absolutely motivates Black voters across the state when they see our voting rights under attack.”

Wanda Mosley with Black Voters Matter knocks on doors in rural Blakely, Ga., on Nov. 2.

She said voters are paying close attention to what is unfolding in Michigan, where Republican election officials are seeking to block certification of votes in Wayne County, home to majority-Black Detroit. Georgia has also been the site of fierce fights over allegations of voter suppression of people of color.

“We brace ourselves,” Mosley said. “We’re looking and watching and seeing what they’re doing in Michigan, but we’re also keeping an eye on what’s happening in Georgia. We’re watching now so that were ready on January 5th and 6th and 7th.”

Lauren Groh-Wargo, chief executive of Fair Fight, predicted this runoff would be different from past cycles anyway, after Democrats pulled off a victory for President-elect Biden.

“We absolutely are going to be competitive. We have the wind in our sails on the Democratic side and two great candidates,” she said. “The big question is what is turnout going to be, and we feel like turnout is going to be relatively high.”

Since 2000, Georgia’s White population has declined from 65% to 52%, according to the most recent census estimates.

Democrats have slowly improved their statewide electoral game during the past several years, thanks to rapid demographic changes and grass-roots organizing. One of the best-known architects of the coalition of liberal voters is Stacey Abrams, whose 2018 campaign for governor was the best statewide performance for a Democrat in Georgia until Biden’s upset. Abrams, a former Democratic leader of the state House, had worked for years to register more people of color and young voters. Her campaign, which she lost by 1.4 percentage points, inspired her followers and independent groups to continue to register voters and educate them about the importance of participating in the political process.

Charles Bullock, a veteran political scientist at the University of Georgia, said demographic changes and the stakes both parties have in the outcome of the runoff could make for a slightly better playing field for Democrats this year.

That the two Georgia seats could determine the balance of power in the Senate has drawn more attention to the runoff than in past election cycles, Bullock said.

Warnock, the African American pastor of Atlanta’s Ebenezer Baptist Church, where slain civil rights icon the Rev. Martin Luther King Jr. preached, could bring out more Black voters, whose numbers have tended to decline more steeply than White voters in runoff contests. Bullock said Democrats could be more competitive “if Reverend Warnock can help punch up Black participation,” Bullock said.

Black voters are the Democratic Party’s largest and most loyal supporters in Georgia and turning them out, along with Latinos, Asian Americans, LGBTQ individuals and young people, will be the focus of grass-roots organizations.

Although many of those organizations are nonpartisan, their focus on voters more likely to support Democratic candidates – as they did overwhelmingly for Biden in the general election – will help the party in the upcoming runoff.

The groups plan to apply lessons they learned in the 2020 general election to try to punch up turnout among traditionally Democratic groups.

For instance, Felicia Davis, convener of the Clayton County Black Women’s Roundtable, estimates that turnout there was about 10% lower than usual in the presidential election. The pandemic severely curbed the amount of door-to-door canvassing that she and other grass-roots activists usually do, she said, and she thinks they will have to increase their activity for the runoff.

“We have to put on face masks and shields because we have to canvass. People do have to have that personal touch,” Davis said, adding that infrequent voters especially need to be personally persuaded.

Democrats are also putting more focus on persuading the state’s Latinos, who currently account for 5% of eligible voters, to show up for the runoffs.

“With the strength of the Latino electorate being at 250,000 strong, that is a sizable enough chunk in a tight, competitive race to make a difference,” said Jerry Gonzalez, CEO of Galeo, a nonprofit civic engagement organization that works in Georgia’s Latino communities.

Latino voters in Georgia, who favored Biden by 25 points in exit polls, have historically turned out at higher rates than in other states.

Whit Ayres, a Republican strategist who has worked on many campaigns in Georgia, expressed skepticism that Democrats could improve their performance over the general election, which drew historic turnout because of the strong feelings about Trump.

“If they didn’t participate in one of the most intense elections in our lifetime, it strikes me as a tall order to get someone who didn’t care enough to vote in this election to come back to vote in a runoff in January,” Ayres said.

Republicans will be hyper-focused on convincing the voters that cast ballots for Loeffler and Perdue the first time around to return to the polls, Ayres said. But some of those voters may be turned off by the two Republican senators’ support for allegations of fraud in the 2020 election in Georgia, he added.

The campaigns expect both races to be tight, which means turnout – and perhaps first-time voters – will be key.

New Georgia Project, which was founded by Abrams in 2013, has focused on registering young voters of color across the state. Nse Ufot, the organization’s chief executive, said her staff has identified 100,000 people they’ll try to register before the Dec. 7 deadline and expects to sign up as many as 20,000 of them.

That group, mostly 18- to 34-year-olds, is spread around the state and concentrated in places with historically low participation rates and where the gap between registered White voters and registered voters of color is the largest.

Last week, in Atlanta, New Georgia Project set up tables outside a joint graduation for city high schools whose spring ceremonies were canceled. As the graduates streamed out of a football stadium on the city’s south side, staffers handed out voting material.

“It was beautiful, we were rushed by kids in caps and gowns in different colors from different schools,” Ufot said. “We told them their community welcomes them to adulthood – and here’s a voter registration form.”

But the group has also ramped up online organizing efforts. On Election Day, they convened “Twitch the Vote,” an all-day event live-streamed on the gamer-focused platform that drew half a million visitors and encouraged them to head to the polls. New Georgia Project estimates there are up to 30,000 17-year-olds who will turn 18 between Election Day and the Jan. 5 runoffs – another pool of voters the group will target.

Ahead of the runoffs, Ufot and her team will focus on the state’s rural areas, which the state’s political establishment often writes off as homogenous and solidly Republican.

“When we would talk about rural voters, people would have a confused look on their face,” Ufot said. “We realized when people hear rural voters, they think of White conservatives and that is just not the case in Georgia.”

On the eve of the election, Mosley and her group were crisscrossing the state in their self-appointed “Blackest bus in America.” The nonpartisan group made several stops in the southwestern corner of the state, reminding residents to turn out the next day – but also registering new voters, even though the deadline to be eligible for the Nov. 3 contest had long passed.

“Voter registration is a 365-day-a-year proposition for us,” Mosley said.

They plan to keep focusing on places like Georgia’s rural southwest – cities like Blakely, for example, one of the last Mosley visited before the general election. And while questions swirl in Washington and elsewhere about the presidential election, most voters are focused on issues closer to home.

In Blakely – the seat of Early County, which was devastated by a coronavirus outbreak in April – there are few issues more important to voters than health care, Mosley said.

“Georgia is one of only 12 states that does not have Obamacare, so we have struggled with access to health care prior to covid,” Mosley said. “Now not having health care, coupled with hospital closings, it is glaring and it is top of mind for a lot folks, especially Black folks.”

Mosley said get-out-the-vote efforts in rural areas are vital not just for the Senate contest, but also for the lesser-known race for public service commission, which regulates the state’s utilities and has a direct, immediate impact on residents’ lives.

“Their lives are on the ballot in many ways,” Mosley said.

Treasury Secretary Mnuchin cuts off Federal Reserve’s emergency aid programs, sparking unusual rebuke from Fed #SootinClaimon.Com

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Treasury Secretary Mnuchin cuts off Federal Reserve’s emergency aid programs, sparking unusual rebuke from Fed (nationthailand.com)

Treasury Secretary Mnuchin cuts off Federal Reserve’s emergency aid programs, sparking unusual rebuke from Fed

InternationalNov 20. 2020Treasury Secretary Steven MnuchinTreasury Secretary Steven Mnuchin 

By The Washington Post · Rachel Siegel, Jeff Stein · NATIONAL, BUSINESS, POLITICS

WASHINGTON – Treasury Secretary Steven Mnuchin on Thursday said he would not extend most of the emergency lending programs run in tandem with the Federal Reserve, a move the central bank immediately criticized, citing the fragile recovery.

The Fed’s exceedingly rare public rebuke reflected a government divided on how to respond, as the pandemic surges across the nation, threatening a new wave of shutdowns and marking an inflection point of the recession.

In a letter to Fed Chair Jerome Powell, Mnuchin requested not only that several of the programs wind down at the end of the year, but also that unspent money allocated to the Fed under the first stimulus effort, the Cares Act, be reallocated by Congress. The move would end most of the Fed’s emergency lending facilities, including the Main Street lending program and the municipal liquidity facility, which issue loans to struggling businesses and local governments. Mnuchin also requested a 90-day extension of a few of the programs that operate through the markets.

However, the Treasury Department does not have the sole authority to reallocate the funds, but instead would have to secure Fed agreement.

The letter triggered a rare public statement from the Fed Thursday evening.

“The Federal Reserve would prefer that the full suite of emergency facilities established during the coronavirus pandemic continue to serve their important role as a backstop for our still-strained and vulnerable economy,” the central bank said in a rare statement following Mnuchin’s letter.

The decision to curb the Fed’s lending powers comes as new economic data is signaling the U.S. economy is being newly battered by a spike in coronavirus cases that are already triggering a new wave of government-ordered closures, restrictions and shutdowns.

Democrats denounced the move as handicapping the economy President-Elect Joe Biden is set to inherit in January.

“This is a reckless mistake to take away the ability the Federal Reserve has to respond to what is still a very dangerous and uncertain time in the economy,” said Jason Furman, who served as a senior economist for the Obama administration. “I cannot think of any economic motivation for canceling programs … This is tying the hands of the United States in responding to this crisis.”

Earlier this week, Powell said the Fed was committed to using all of its tools “for as long as it takes until the job is well and truly done,” and that “when the right time comes, and I don’t think that time is yet or very soon, we will put those tools away. Then on Thursday, the Fed issued a statement pushing back against Mnuchin’s letter.

Although the Main Street lending facility and municipal liquidity facility have been widely criticized for their onerous loan terms and meager uptake, Fed officials have argued for months that it would be premature to cut off that support until the recovery is sustained and the economy survives the dark winter ahead.

In March, Congress allotted $454 billion to the Treasury Department to support the central bank’s emergency lending programs, including those for struggling businesses and local governments. Those lending programs have recently become a kind of political football.

Republican lawmakers, including Senator Patrick Toomey, R-Penn., who could soon take the helm of the Senate Banking Committee, said those programs have served their purpose. Democrats have been less willing to shut down the facilities altogether, instead pointing to the lingering holes it the recovery and saying there are plenty of ways the facilities could be expanded and given wider reach.

In a statement Thursday evening, Toomey said Congress’s intent with the Cares Act made clear the facilities were meant to be temporary.

“These facilities, which were established in response to the unprecedented market turmoil caused by the covid-19 pandemic earlier this year, have successfully achieved their intended purpose: stabilizing credit markets so private credit could once again flow to businesses, states, and municipalities,” Toomey said. “These temporary facilities helped to both normalize markets and produce record levels of liquidity.”

Even so, much of the money entrusted to the Fed has hardly been touched, and it’s unclear how much money could get out the door given specific rules about how the money should be spent. Of the $454 billion pot allotted from Treasury under the Cares Act, only $195 billion has been specifically committed to cover any losses the Fed might take through its programs, including through loans that companies fail to repay. As of last month, the remaining $259 billion still has not been committed to any of the Fed’s specific programs or for any other purpose.

U.S. initial jobless claims rise for first time in five weeks #SootinClaimon.Com

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U.S. initial jobless claims rise for first time in five weeks (nationthailand.com)

U.S. initial jobless claims rise for first time in five weeks

InternationalNov 20. 2020A worker pours molten metal from a furnace at a castings facility in Salem, Ohio, on Aug. 24, 2016. MUST CREDIT: Bloomberg photo by Ty Wright.A worker pours molten metal from a furnace at a castings facility in Salem, Ohio, on Aug. 24, 2016. MUST CREDIT: Bloomberg photo by Ty Wright. 

By Syndication Washington Post, Bloomberg · Jarrell Dillard · BUSINESS, US-GLOBAL-MARKETS

Applications for U.S. state unemployment benefits rose for the first time in five weeks and remained well above pre-virus levels, suggesting the labor-market recovery is slowing amid a surging pandemic and fresh business restrictions.

Initial jobless claims in regular state programs totaled 742,000 in the week ended Nov. 14, up 31,000 from the prior week and compared with expectations for a decline, Labor Department data showed Thursday. On an unadjusted basis, the figure increased by about 18,000. The week included Veterans Day, and claims data tend to be more volatile around holidays.

Continuing claims — the total pool of Americans on ongoing state unemployment benefits –fell 429,000 to 6.37 million in the week ended Nov. 7. The number of Americans claiming extended assistance continued to rise as many unemployed exhausted regular state benefits.

The main figures compared with economists’ projections for 700,000 initial claims and 6.4 million continuing claims, based on the median estimates in Bloomberg surveys.

The U.S. labor market is already suffering anew from the record pace of covid-19 infections, which has spurred a new wave of government restrictions on businesses across the country. Restaurants are likely to be hit particularly hard by the loss of indoor dining in colder weather, and a lack of fresh stimulus will also weigh on the recovery during the wait for widespread vaccine distribution.

“The road to recovery is likely to be quite rocky, unfortunately,” Nathan Sheets, PGIM Fixed Income’s chief economist and a former Federal Reserve official, said on Bloomberg Television. “The virus and the restrictions being put in place to fight the virus are likely to take a bite out of economic activity over the next, say, three or four months.”

U.S. stocks fell, while 10-year Treasury yields were lower and the dollar rose.

Separate data on Thursday were more upbeat: sales of previously owned U.S. homes rose in October to a 15-year high, extending a housing market boom, while a gauge of factory employment in the Philadelphia region showed a fifth straight month of expansion.

But other recent reports suggest the labor-market rebound is losing steam. Census Bureau surveys conducted from mid-October to early November showed that the number of employed Americans declined by about 4.5 million, according to data released Wednesday.

The increase in initial jobless claims was driven by a surge in Louisiana, where filings more than quadrupled from the prior week to 42,724, a six-month high, on an unadjusted basis. Claims also rose in Massachusetts, Texas and Virginia, while Illinois, Florida and New Jersey saw declines.

Initial claims for Pandemic Unemployment Assistance, which provides benefits to self-employed and gig workers, also quadrupled in Louisiana to almost 40,000 last week, the highest since April.

Continuing claims for PUA decreased nationally by 751,000 to 8.68 million in the week ended Oct. 31.

More people have been rolling onto extended programs like Pandemic Emergency Unemployment Compensation, but these programs will expire by year-end and leave many without government aid. PEUC claims increased about 233,000 to 4.38 million.

U.S. existing-home sales unexpectedly rise to highest since 2005 #SootinClaimon.Com

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U.S. existing-home sales unexpectedly rise to highest since 2005 (nationthailand.com)

U.S. existing-home sales unexpectedly rise to highest since 2005

InternationalNov 20. 2020Homes in McCullough Hills neighborhood are seen in this aerial photograph taken over Henderson, Nev., on Sept. 18, 2020. MUST CREDIT: Bloomberg photo by Roger Kisby.Homes in McCullough Hills neighborhood are seen in this aerial photograph taken over Henderson, Nev., on Sept. 18, 2020. MUST CREDIT: Bloomberg photo by Roger Kisby. 

By Syndication Washington Post, Bloomberg · Henry Ren · BUSINESS, PERSONAL-FINANCE

Sales of previously owned U.S. homes unexpectedly rose in October to the highest level in almost 15 years, extending a housing market boom fueled by record-low mortgage rates and buyers’ desire for properties in the suburbs.

Contract closings increased 4.3% from the prior month to an annualized 6.85 million, the strongest pace since November 2005, according to National Association of Realtors data released Thursday. The October rate exceeded all economists’ forecasts in a Bloomberg survey, which had a median estimate of 6.47 million.

The median selling price jumped 15.5% from a year earlier on an unadjusted basis to a record-high of $313,000, reflecting more sales of upper-end properties.

The report offers offers more evidence that the housing sector is providing a bigger push for an economic recovery at risk of a bigger slowdown as coronavirus cases surge and lawmakers remain at a stalemate over additional fiscal stimulus. However, housing momentum, driven in part by preferences for larger homes that double as office space during the pandemic, has led to a lack of available properties and higher prices.

“It’s quite amazing, and certainly surprising,” Lawrence Yun, NAR’s chief economist, said on a call with reporters. “It’s quite remarkable given that we’re still in the midst of the pandemic and the high unemployment rate.”

The association anticipates that the housing boom will be sustained next year. Yun forecasts existing-home sales to climb 10% to 6 million in 2021.

Combined with lean new-housing inventory, selling prices of existing homes grew in the third quarter at the fastest pace in seven years, restraining affordability, a separate report by the NAR showed last week.

Available inventory declined 19.8% in October from a year earlier to 1.42 million units. The inventory of houses would last a record-low 2.5 months at the current sales pace. Realtors see anything below five months of supply as a sign of a tight market.

Properties remained on the market for an average of 21 days in October, compared with 36 days a year ago, the NAR said. Some 72% of homes sold were on the market for less than a month.

Sales of previously owned one-family homes climbed 4.1% to a 6.12 million pace, while purchases of condominiums increased 5.8%.

The NAR’s report showed purchases of existing homes increased in all four U.S. regions. Sales in the South, the biggest region, and the Midwest increased to their strongest paces on record, while purchases in the West were the firmest since 2006.

For their part, builders are stepping up construction amid elevated backlogs. Starts of one-family homes in October hit the fastest pace since April 2007, and a measure of homebuilder sentiment is at a record high.

Previously owned home sales account for roughly 90% of U.S. transactions and are calculated when a contract closes.

UAE tries to lower temperature in dispute with OPEC+ allies #SootinClaimon.Com

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UAE tries to lower temperature in dispute with OPEC+ allies (nationthailand.com)

UAE tries to lower temperature in dispute with OPEC+ allies

InternationalNov 20. 2020Suhail Al Mazrouei, United Arab Emirates' energy minister, center, pauses as he speaks to reporters ahead of the 176th Organization Of Petroleum Exporting Countries (OPEC) meeting in Vienna on July 1, 2019. MUST CREDIT: Bloomberg photo by Stefan Wermuth.Suhail Al Mazrouei, United Arab Emirates’ energy minister, center, pauses as he speaks to reporters ahead of the 176th Organization Of Petroleum Exporting Countries (OPEC) meeting in Vienna on July 1, 2019. MUST CREDIT: Bloomberg photo by Stefan Wermuth. 

By Syndication Washington Post, Bloomberg · Salma El Wardany, Javier Blas, Anthony Di Paola · BUSINESS, WORLD, US-GLOBAL-MARKETS, MIDDLE-EAST

The United Arab Emirates tried to lower the temperature in a dispute with OPEC+ allies, after the country’s officials privately questioned the benefit of its membership in the oil alliance.

After a day of public silence following press reports the nation was considering its position in OPEC, Energy Minister Suhail Al-Mazrouei said Thursday the UAE “has always been a committed member.” But he did not address whether the government was assessing its future in the group.

“We have demonstrated this commitment through our compliance to the current OPEC+ agreement,” Al-Mazrouei said in a short statement, much of it written in the past tense. “As a reliable and long-standing member of OPEC, we have always been open and transparent in all our decisions and strategies in support of OPEC.”

The UAE — the biggest producer in the Organization of Petroleum Exporting Countries after Saudi Arabia and Iraq — has not said publicly it’s debating its membership, let alone planning to exit. And officials briefed the media on Wednesday under condition they would not be named, allowing room for maneuver if they want to distance themselves from such comments.

Tension between Riyadh and Abu Dhabi has grown since late summer, when the UAE breached its OPEC+ output quota and got a stern warning from its larger neighbor. Emirati policy makers seem increasingly frustrated by what they see as an unfair allocation of production caps and as the UAE economy reels from shriveling oil revenue and the coronavirus pandemic.

It comes at a delicate moment for OPEC+, a partnership between OPEC and other exporters such as Russia. It propped up oil prices with an historic agreement in April to cut supply and offset the pandemic’s impact on demand. Any cracks in the alliance — let alone push-back from a producer as big as the UAE — would undermine an already fragile market.

Brent crude fell 0.2% to $44.27 a barrel as of 1:30 p.m. in London. The benchmark has more than doubled since OPEC+ struck its deal, but is still down 33% this year.

The dissent is unusual. The UAE has long avoided public clashes, preferring to solve disputes quietly behind closed doors. It’s unclear whether the private comments were designed to force a negotiation over output levels with OPEC+’s leaders Saudi Arabia and Russia, or if they represent a genuine policy debate. Any decision to leave OPEC would need the approval of Mohammed bin Zayed, the UAE’s de factor ruler and Abu Dhabi’s crown prince.

OPEC+ is meant to decide at its next meeting on Nov. 30-Dec. 1 whether to go ahead with a January production increase as set out in the April agreement, or delay it. So far, Riyadh and Moscow have signaled they are prepared to delay the hike as the virus continues to sap demand for energy.

This week, a panel of OPEC+ ministers said the group needed to be cautious despite a rally in oil prices. “All participating countries need to be vigilant, proactive and be prepared to act, when necessary, to the requirements of the market,” the panel said in a statement.

Al-Mazrouei, the UAE’s energy minister, sounded more circumspect and took a line unusually distant from that of Saudi Arabia. He said everyone must first be convinced of the need to delay the production increase.

Oil rose to its highest since early September on Wednesday on further signs of stronger demand in China, India and other Asian nations, and with pharmaceutical companies making progress on Covid-19 vaccines.

“I think there will be a livelier discussion and more uncertainty about whether ministers will agree” to an extension of current output levels, said Bob McNally, president of consultant Rapidan Energy Group and a former White House official.

Al-Mazrouei also insisted that straggling producers should implement unfinished supply cuts — possibly a barb related to the public rebuke he received from the kingdom in the summer, after the UAE flouted its own commitments. Saudi Arabia has also said that all members, collectively, need to keep to their pledges.

The UAE’s daily crude output is capped at 2.59 million barrels until the end of the year, after which it’ll rise to 2.74 million if OPEC+ opts against a delay. The country pumped 3.4 million barrels daily in March, a monthly record, and has the capacity to produce around 4 million each day.

The lead-ups to OPEC meetings often feature last-minute dramas, and this tussle may dissipate, as others have before. But cracks emerging in a key partnership would be an alarming development for the cartel.