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Posts posted by bostonangler

  1. LOS ANGELES (AP) — Bernie Sanders won Super Tuesday's biggest prize, taking California on a night he sought to blunt the momentum of a suddenly surging Joe Biden in the race for the Democratic presidential nomination.

    California was only one of 14 states that voted Tuesday, but its more than 400 delegates made it the most coveted primary in the narrowing Democratic field. But it is not clear how many delegates Sanders will claim from California, given the state's complicated process for awarding them. The final tally won't be sorted out for days as state officials still must count late arriving mail-in ballots.

    In early returns, Sanders led with 29% of the vote. Biden was second with nearly 19% while former New York Mayor Mike Bloomberg was third with just under 18%. Massachusetts Sen. Elizabeth Warren was fourth with 12%.

    Sanders went all-in on California four years ago, hoping the deep-blue state would give him the surge he needed to defeat establishment candidate Hillarious Clinton. He lost on election night in 2016, but his sophisticated campaign operation never left. He opened field offices across the state, including far-flung outposts in the state's Central Valley, areas traditionally ignored by presidential campaigns.

    He aggressively courted Latino voters, who make up 40% of the state's population, and he worked hard to make sure voters who were not registered with a political party knew how to request a ballot and vote for him.

    “Tonight I assure you with absolute confidence, we are going to win the Democratic nomination,” Sanders told supporters in Vermont on Tuesday. “What we need is a new politics that brings working class people into our political movement which brings young people into our political movement and which in November will create the highest voter turnout in America’s political history.”

    Tuesday's election came just days after voters in South Carolina resurrected Biden's candidacy, forcing moderate rivals Pete Buttigieg and Amy Klobuchar to end their campaigns and endorse the former vice president. The reshuffled field gave many of California's 20 million registered voters reason to rethink their ballots.

    The Associated Press called the race for Sanders on Tuesday before any votes were counted, relying on AP VoteCast, a wide-ranging survey of the American electorate.

    Sanders' strongest supporters tend to be younger and Hispanic, two groups that don't usually vote early. But the survey saw Sanders had a big lead in ballots that were mailed before election day. Many of those ballots were sent before Biden's victory in South Carolina led Klobuchar and Buttigieg to quit the race.

    That means any candidate chasing Sanders would have to make up lots of ground in ballots cast in person on Election Day, but VoteCast found Sanders had an edge in those votes, too.

    Biden reveled in his wins in other states, including Virginia, Oklahoma, Tennessee and Alabama — states where Biden did not have a big campaign presence.

    Speaking to supporters in Los Angeles, a jubilant Biden mocked critics who declared his campaign dead.

    “We were told, ‘Well, when you got to Super Tuesday it would be over,'” Biden said. “Well it may be over for the other guy.”

    California continued a disappointing night for billionaire Bloomberg, who skipped the early primary states to focus his fortune on Super Tuesday. His ads dominated the airwaves in the state's expensive media markets, but it wasn't enough to surpass Sanders.

    Warren, who had been battling with Sanders for the heart of the party's progressive wing, picked up a late endorsement from Jennifer Siebel Newsom, wife of Gov. Gavin Newsom. The boost might be enough for the Warren campaign to get above the 15% threshold required to win delegates.

    President Donald Trump, who lost California by over 4 million votes in 2016, faced only token opposition in the state's Republican primary. Meanwhile, California Republicans were trying to position themselves to retake a string of U.S. House seats that Democrats seized in 2018.

    In the 25th Congressional District, Republicans were hoping to recapture a seat won in 2018 by former Democratic U.S. Rep. Katie Hill, who resigned last year following a House ethics probe and sex scandal.

    Democrat Christy Smith was leading Republican Mike Garcia in a special election to finish the remainder of Hill’s term, and also in a separate primary election for the next term of Congress.

    In the 50th Congressional District, former Republican U.S. Rep. Darrell Issa was leading a trio of other Republicans. The seat was left vacant after the resignation of former Rep. Duncan Hunter, who stepped down after pleading guilty to a corruption charge.

    And a statewide ballot measure to borrow $15 billion to modernize and update public schools was losing in early returns, with millions of votes in Los Angeles and San Francisco yet to be counted.

    Speaking at a Sacramento polling place , Gov. Gavin Newsom declined to say who he voted for on Tuesday. But he predicted the party would unify as before come November.




    This is going to be a long election season.


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  2. California reported its first death from the coronavirus on Wednesday: an elderly patient in Placer County, near Sacramento, who had underlying health problems. Ten others in the US have died from the virus, all in Washington state.

    "Jennifer and I extend our deepest condolences to the family and loved ones affected by this death in Placer County," Gov. Gavin Newsom said in a statement. "The state is working with federal officials to follow up on contact tracing of individuals that may have been exposed to provide treatment and protect public health."

    The patient had recently returned from a cruise on the Grand Princess, a Princess Cruises ship that departed from San Francisco and went to Mexico.

    Princess Cruises also owns the Diamond Princess, which hosted one of the largest outbreaks of the new coronavirus outside China. Passengers on that ship were quarantined for two weeks in February after a man tested positive for the coronavirus six days after departing the vessel. More than 700 people on board wound up infected, and six people have died.

    The California patient who died on Wednesday traveled on the Grand Princess from February 11 to 21. The Placer County Health Department said other passengers on the cruise may have been exposed to the virus. The department added that it is working closely with the Sacramento County Health Department and the Centers for Disease Control and Prevention to identify and contact those passengers.

    Princess Cruises said the ship would turn around at sea since the CDC is investigating a "small cluster" of coronavirus cases in Northern California related to the previous voyage. At least one other confirmed coronavirus patient — a person in Sonoma County — was also on the Grand Princess cruise at the same time as the Placer County patient who died.

    Passengers who remained on board after the last voyage were told to stay in their rooms until they're cleared by medical staff. In the meantime, they're allowed to order room service.

    The ship is set to arrive in San Francisco on Thursday afternoon.

    A Princess Cruise ship.
    A Princess Cruise ship.

    Princess Cruises

    The California patient who died had minimal contact with others in the Sacramento community after returning from the cruise, health officials said. The person was admitted to the Kaiser Permanente hospital in Roseville last Thursday after arriving by ambulance.

    "While we have expected more cases, this death is an unfortunate milestone in our efforts to fight this disease, and one that we never wanted to see," Placer County Public Health Officer Aimee Sisson said in a statement.

    The Placer County Health Department said at least 10 Kaiser Permanente healthcare workers and five emergency responders had contact with the patient before the person was isolated; they're being quarantined but haven't shown symptoms of the virus.

    Because the patient was elderly, they were at a higher risk of developing a severe case of the virus. A recent study from the Chinese Center for Disease Control and Prevention found that about 15% of people older than 80 who had the virus died.

    The US has reported nearly 150 coronavirus cases, some of which are mild. All the people who have died in the US were elderly or had preexisting health problems.

    "If you are healthy and not at higher risk, please look out for friends and loved ones who would be considered more vulnerable and offer support," Sisson said. "We are working with our state and federal partners to limit the impacts of this disease to our community, but we need the public's help as well."

    Read the original article on Business Insider



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  3. Analyst: Fed's emergency cut was 'psychologically important', may herald negative rates


    The Federal Reserve's decision to cut interest rates by 50 basis points on Tuesday was "psychologically very important for the markets," according to one analyst, who also thinks rates could sink below zero as the stakes get higher in the worldwide battle to prevent a coronavirus pandemic.

    Amid growing concerns surrounding the COVID-19 viral outbreak, voting members of the Federal Open Market Committee unanimously agreed to an inter-meeting rate cut by half a percentage point — the first inter-meeting cut since the 2008 financial crisis. Stocks whipsawed on the unexpected move, underscoring on the emergency rate cut.

    [Take our quick poll: Do you think the stock market has bottomed?]

    Greg Valliere, chief U.S. policy strategy of AGF Investments, told Yahoo Finance the Fed’s cut was "not a cure for the virus, obviously, but I say this move greatly reduces the chances of a recession."

    “Still, another thing I never thought I would say and that is there’ s a chance rates could go negative in the U.S.,” he told “On the Move” in an interview. “I would guess in the next 24 hours that would be one of the big sidebars in the press that we could see rates fall even further.”

    The downside is that the "saver class," which consists mostly of senior citizens, "have been hit again" because of falling yields, the analyst stated. However, Valliere expects a "tremendous amount of refinancing."

    Since last week’s historic market rout, Wall Street has been calling for the Fed to move — with President Donald Trump demanding the central bank get even more aggressive.


    The Federal Reserve is cuting but must further ease and, most importantly, come into line with other countries/competitors. We are not playing on a level field. Not fair to USA. It is finally time for the Federal Reserve to LEAD. More easing and cutting!

    — Donald J. Trump (@realDonaldTrump) March 3, 2020

    Valliere said the move from the Fed sends a signal as to "how seriously they took it," and that the central bank may yet move again when it meets later this month.

    While some question the efficacy of monetary policy and what tools remain as rates move lower, Valliere noted there are other moves policymakers can take. These include easing up on lending standards, bridge loans to companies, grants, and maybe lifting tariffs that will "creep into the narrative over the next few weeks."




    More QE?????

    The more things change the more they stay the same.



  4. The Dow Jones Industrial Average plunged to session lows Tuesday, as it swung from a 376-point gain to a 900-point loss following the Fed's surprise rate cut.

    The Dow Jones industrials dived 3.2%, the Nasdaq crashed 3.7%, and the S&P 500 shed 3.4%. Small caps tracked by the Russell 2000 tumbled 2.2%. Volume was higher on both major exchanges vs. the same time Monday.

    Soon after the open, the Federal Reserve unexpectedly cut rates by a half point to help counter the economic impact of the coronavirus outbreak. It marked the first surprise cut since the 2008 financial crisis. Fed Chairman Jerome Powell said risks to the U.S. outlook "have changed materially."

    President Donald Trump tweeted a demand for further easing: "The Federal Reserve is cutting but must further ease and, most importantly, come into line with other countries/competitors. We are not playing on a level field. Not fair to USA. It is finally time for the Federal Reserve to LEAD. More easing and cutting!"



    It did finish higher then the day's low

    Dow 30

    I wonder if people understand if the Fed goes to negative rates like Trump is asking for, they will have to pay banks to keep their money there?


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  5. I'm not worried, Trump said warm weather will kill it... And everyone is of course, safe at his rallies... I think he is trying to make sure people still show up...


    Maybe they held up funding because according to the experts, the real medical experts, the funding proposed by the administration is woefully inadequate. Of course the administration is smarter than the doctors...


    Our reactionary approach has been embarrassing.... In South Korea that are testing 10,000 people a day. Heck they have set up drive thru testing. I saw a college student at an American airport who just arrived back from Europe and no one even checked his temperature.  Our leaders need to be proactive and lead, not try and play catch up...





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  6. 3 minutes ago, Shabibilicious said:


    Except that ship has only sailed for the Trump base, compliments of Mitch McConnell....those on the Left and Independents know the real deal.....Think of it as the federal judge who's ordered Hils to give a deposition on her emails years after the fact....Trump is by know means off the hook, as his corruption will follow him around for eons.  


    GO RV, then BV


    I believe you are correct... When he is out of office, many things will come back to haunt him... JMHO



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  7. Let's see what happens today.... There is no doubt some backroom deals were made to get these people to drop out before Super Tuesday. Perhaps promised positions in the next administration. But no one is planning for the possibility that Mike brings a lot of voters to his campaign... They seem to have already counted him out... I'm not so sure. Many people I talk to who are in the middle are interested. I even know several Republicans who have decided they will not vote for Trump and they see Mike as a less extreme choice...


    On another note Saturday I saw many Trump supporters in South Carolina planning on disrupting the election by voting for Sanders... Considering Biden won by 20 points of more, there was virtually zero effect by the Trump movement... It seems that crowd is nowhere near as plentiful as they would like you to believe...



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