Kamala Harris formally accepted the Democratic nomination for president with a speech delivered in the guise of her old job, a prosecutor with a multi-count indictment against her November opponent, Donald Trump.
Elections
India’s Sensex Declines Ahead of Central Bank’s Rate Review
The S&P BSE Sensex declined 0.6 percent, the most in two weeks, to 35,907.31 as of 9:53 a.m. in Mumbai, while the NSE Nifty 50 Index slipped 0.7 percent. Markets across Asia tumbled following the biggest slide on Wall Street since mid-October.
The US Economy and the Midterm Elections – Gold Silver Reports
The US economy is growing, inflation has finally hit the US Federal Reserve’s 2% target, and unemployment is quite low – and at an all-time low for African-Americans and Hispanics. For the first time in memory, there are more job openings listed by US companies than there are unemployed people. Such conditions usually foreshadow rising real (inflation-adjusted) wages, which would indicate that American workers, many of whom were left behind in the anemic post-crisis recovery, might finally reap benefits from the strong economy.