Obama fends off Romney, economy to win second term

November 7, 2012

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Washington, November 7: Barack Obama captured a second White House term, blunting a mighty challenge by Republican Mitt Romney as Americans voted for a leader they knew over a wealthy businessman they did not.

Mr. Obama, America's first African-American President, easily captured far more than the 270 electoral votes needed for victory and further cemented his place in American history on Tuesday with a victory, despite having led the country through its most difficult economic times since the Great Depression in the 1930s, a time of stubbornly high unemployment and anxiety about the future.

Mr. Obama told a rally of cheering supporters that the election “reminded us that while our road has been hard, while our journey has been long, we have picked ourselves up, we have fought our way back. For the United States, “the best is yet to come,” he said.

Mr. Romney said he had called Mr. Obama to concede, and in an appearance before supporters in Boston he congratulated the president saying, “I pray that he will be successful in guiding our nation.”

Both Mr. Romney and Mr. Obama spoke of the need for unity and healing the nation's partisan divide. But the election did nothing to end America's divided government. The Democrats retained their narrow majority in the Senate, while the Republicans kept control of the House of Representatives.

That means Mr. Obama's agenda will be largely in the hands of House Speaker John Boehner, the president's partner in unsuccessful deficit talks.

Mr. Obama's narrow lead in the popular vote will make it difficult for him to claim a sweeping mandate. With returns from 79 per cent of the nation's precincts, Mr. Obama had 52.2 million, 49.5 per cent. Mr. Romney had 51.7 million, 49 per cent.

But Mr. Obama did have a sizeable victory where it mattered, in the competition for electoral votes. He had at least 303 votes to Mr. Romney's 206.

The President is chosen in a State-by-State tally of electors, not according to the nationwide popular vote, making such “battleground” states which vote neither Republican nor Democrat on a consistent basis particularly important in such a tight race.

Mr. Obama won Ohio, Wisconsin, Virginia, Iowa, New Hampshire, Colorado and Nevada, seven of the nine battleground states where the rivals and their allies poured nearly $1 billion into dueling television commercials.

Of the nine battleground States, Mr. Romney captured only North Carolina. The final swing State Florida remained too close to call.

The election emerged as a choice between two very different visions of government whether it occupies a major, front-row place in American lives or is in the background as a less-obtrusive facilitator for private enterprise and entrepreneurship.

The economy was rated the top issue by about 60 per cent of voters surveyed as they left polling places. But more said former President George W. Bush bore responsibility for current circumstances than Obama did after nearly four years in office.

About 4 in 10 said the economy is on the mend, but more than that said it was stagnant or getting worse more than four years after the near-collapse of 2008. The survey was conducted for The Associated Press and a group of television networks.

Polls were still open in much of the country as the two rivals began claiming the spoils of a brawl of an election in a year in which the struggling economy put a crimp in the middle class dreams of millions.

While Mr. Obama spent the final day of his final campaign in Chicago, Mr. Romney raced to Ohio and Pennsylvania for Election Day campaigning and projected confidence as he flew home to Massachusetts. “We fought to the very end, and I think that's why we'll be successful,” he said, adding that he had finished writing a speech anticipating victory but nothing if the election went to his rival.

But the mood soured among the Republican high command as the votes came in and Mr. Obama ground out a lead in critical States.

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Earlier:

Obama wins second term

Washington, November 7: President Barack Obama won re-election on Tuesday night despite a fierce challenge from Republican Mitt Romney as well as the weak economy and high unemployment that encumbered his first term and crimped the middle class dreams of millions.

The President sealed his victory in Ohio, Iowa, New Hampshire and Colorado, four of the nine battleground States where the two rivals and their allies spent nearly $1 billion on dueling television commercials.

“This happened because of you. Thank you,” Mr. Obama tweeted to supporters as he secured four more years in the White House.

Ultimately, the result of the brawl of an election campaign appeared likely to be the political status quo. Democrats won two more years of control of the Senate, and Republicans were on track to do likewise in the House.

Mr. Romney was in Massachusetts, his long and grueling bid for the presidency at an unsuccessful end.

The 51-year-old first African-American President was projected by television channel CNN as having won the second term with 274 electoral votes after exit polls gave him California in west coast which has 55 electoral votes.

It projected Mr. Romney has having secured 201 votes in an electoral college of 535 votes. The winner has to garner at least 270 votes.

Till California was called, Mr. Romney had a comfortable lead over the President with another crucial state Florida saw a tight race between the two with a slight edge for Obama. Florida has 29 electoral votes.

CNN projected that Pennsylvania with 20 electoral votes would go to Obama, while it predicted that Republicans will keep control of the US House of Representatives.

CNN also projected that the powerful U.S. Senate will still be controlled by the Democrats.

Moments after network predicted his victory, Mr. Obama went online to thank voters for giving him a second term.

“This happened because of you. Thank you. Four more years,” Mr. Obama tweeted on his official account.

As television networks projected that Obama was on the road to victory once again, his supporters flooded the campaign headquarters in Chicago, the hometown of the President. Celebrations erupted as Democrats raised slogans and reveled in victory.

Hundreds and thousands of supporters of Mr. Obama across the country from his home town Chicago to Times Square in New York erupted in celebrations.

Official results are yet to be declared and Romney is also yet to concede defeat.

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President Barack Obama's supporters cheer at his election night party late Tuesday in Chicago.


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News Network
May 6,2020

Singapore, May 6: Oil prices slipped back Wednesday after two days of gains, although Brent crude remained above $30 a barrel, as renewed US-China tensions offset optimism about the easing of coronavirus lockdowns.

Brent, the international benchmark, fell 1.1 per cent to $30.63 a barrel in early Asian trade. On Tuesday, the contract surged 14 per cent and rose above $30 for the first time since mid-April.

US marker West Texas Intermediate slipped 1.9 per cent and was changing hands for $24.13 a barrel.

Oil markets have been battered as the virus strangled demand due to business closures and travel restrictions, with US crude falling into negative territory last month for the first time.

They started rallying strongly this week as countries from Europe to Asia ease curbs and economies start shuddering back to life.

But gains were capped Wednesday as dealers follow a brewing US-China row after Donald Trump hit out at Beijing over its handling of the outbreak, saying it began in a Wuhan lab, but so far offering no evidence.

"Traders are incredibly cautious this morning, weighing all the possible China responses," said Stephen Innes, chief global market strategist at AxiCorp.

"And the one that would hurt the most would be for China to reduce imports of US oil."

This week's rally was in part driven by a deal agreed between top producers to reduce output by almost 10 million barrels a day, which came into effect on May 1.

There have also been signs that the massive oversupply in the market is starting to ease as demand slowly comes back.

Energy data provider Genscape said earlier this week that stockpiles at the main US oil depot in Cushing, Oklahoma had increased by only 1.8 million barrels last week following weeks of major rises.

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Agencies
May 4,2020

Washington, May 4: Anxious for an economic recovery, President Donald Trump fielded Americans' questions about decisions by some states to allow nonessential businesses to reopen while other states are on virtual lockdown due to the coronavirus.

After more than a month of being cooped up at the White House, Trump returned from a weekend at the Camp David presidential retreat in Maryland and participated in a “virtual” town hall, hosted Sunday night by Fox News Channel, from inside the Lincoln Memorial.

He pushed for an economic reopening, one his advisers believe will be essential for his reelection chances this November.

“We have to get it back open safely but as quickly as possible," Trump said.

The president acknowledged fear on both sides of the issue, some Americans worried about getting sick while others are concerned about losing jobs.

Though the administration's handling of the pandemic, particularly its ability to conduct widespread testing, has come under fierce scrutiny, the president defended the response and said the nation was ready to begin reopening.

“I'll tell you one thing. We did the right thing and I really believe we saved a million and a half lives,” the president said.

But he also broke with the assessment of his senior adviser and son-in-law, Jared Kushner, saying it was “too soon to say" if the federal government was overseeing a “success story."

Trump's impatience also flashed. While noting that states would go at their own pace in returning to normal, with ones harder hit by the coronavirus going slower, he said that “some states frankly I think aren't going fast enough" and singled out Virginia, which has a Democratic governor and legislature.

And he urged the nation's schools and universities to return to classes this fall.

But many public health experts believe that cannot be done safely until a vaccine is developed.

Trump declared Sunday that he believed one could be available by year's end although his own pandemic task force has predicated it could be another 18 months.

Federal guidelines that encouraged people to stay at home and practice social distancing expired late last week.

Debate continued over moves by governors to start reopening state economies that tanked after shopping malls, salons and other nonessential businesses were ordered closed in attempt to slow a virus that has killed more than 66,000 Americans, according to a tally of reported deaths by Johns Hopkins University.

The U.S. economy has suffered, shrinking at a 4.8 per cent annual rate from January through March, the government estimated last week. It was the sharpest quarterly drop since the 2008 financial crisis.

Roughly 30.3 million people have filed for unemployment aid in the six weeks since the outbreak forced employers to shut down and slash their workforces. It was the worst string of layoffs on record.

Larry Kudlow, Trump's top economic adviser, on Sunday predicted a “spectacular 2021” — with “the right set of policies” — on top of a rebound from July through December of this year.

He said on CNN's "State of the Union" that the administration would "pause” to review the effectiveness of trillions in economic relief spending before making any decision on whether additional aid is needed.

House Speaker Nancy Pelosi, D-Calif., said Thursday that state and local governments are seeking up to USD 1 trillion for coronavirus costs, The Senate planned to reopen Monday, despite the Washington area's continued status as a virus hot spot and with the region still under stay-at-home orders.

The House remains shuttered. The pandemic is forcing big changes at the tradition-bound Supreme Court: The justices will hear arguments, beginning Monday, by telephone for the first time since Alexander Graham Bell patented his invention in 1876.

Congressional Republicans are resisting calls by Democrats for emergency spending for states and local governments whose revenue streams all but dried up in recent weeks.

The GOP is counting on the country's reopening and the rebound promised by Trump as their best hope to forestall another big round of virus aid.

The leaders of California and Michigan are among governors under public pressure over lockdowns still in effect while states such as Florida, Georgia and Ohio are reopening.

Michigan Governor Gretchen Whitmer, a Democrat, said Sunday that the armed protesters who demonstrated inside her state's Capitol “depicted some of the worst racism” and “awful parts” of US history by showing up with Confederate flags, nooses and swastikas.

Trump had tweeted “LIBERATE” and named Michigan and other states in mid-April. In a new tweet Friday, he urged Whitmer to “make a deal” with the protesters. “These are very good people, but they are angry.

They want their lives back again, safely!” Trump said.

Despite the opposition of Michigan's Republican-controlled Legislature, Whitmer has extended a state of emergency declaration and directed most businesses statewide to remain closed.

Some people participating in other public protests across the US have not kept their distance from one another and have rallied without masks, not heeding public health recommendations.

Deborah Birx, coordinator of the White House coronavirus task force, called that behavior “devastatingly worrisome.”

She said people will feel guilty for the rest of their lives if they end up infected and unwittingly spread the virus to vulnerable family members.

“We need to protect each other at the same time we're voice our discontent,” she told CNN's “State of the Union.”

An overwhelming majority of Americans support stay-at-home orders and other efforts to slow the virus' spread, according to a recent survey from The Associated Press-NORC Center for Public Affairs Research.

Asked about states that are reopening before they meet benchmarks laid out in federal guidelines she helped write, Birx said the guidelines “are a pretty firm policy of what we think is important from a public health standpoint.”

She added that she and others have made it clear that people must continue practising social distancing, “scrupulous” hand washing and other measures to protect themselves and others.

Fox News Channel said it asked viewers to submit questions about reopening the country on the network's Twitter, Facebook and Instagram accounts for a chance to appear on the rare broadcast from the Lincoln Memorial. Trump spoke from the memorial's steps last July Fourth.

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News Network
June 22,2020

Geneva, Jun 22: The global count of coronavirus cases has surpassed 8.7 million, with 183,020 new cases recorded on Sunday, the World Health Organisation said in its daily situation report.

Over the last 24 hours, 4,743 people died from COVID-19 worldwide, taking the death toll to 461,715 fatalities, according to the report.

The cumulative global toll of confirmed cases has now reached 8,708,008, as stated in the report.

The WHO Regional Director for Europe, Dr Hans Henri P. Kluge, shared that Europe accounts for 31 per cent of COVID-19 cases and 43 per cent of COVID-19 deaths globally.

Dr Kluge highlighted that several countries continue to face increasing disease incidence and that "preparing for the autumn is a priority now at the WHO Regional Office for Europe"

The United States continues to be worst affected by the contagion with the highest count of cases and fatalities -- 2.2 million and 118,895, respectively.

The novel coronavirus was declared a pandemic by WHO on March 11.

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