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martes, 8 de noviembre de 2022

USA Midterm Elections today. At least 40 states have passed laws that either tighten voting rules or expand voting access.


USA Midterm Elections today. At least 40 states have passed laws that either tighten voting rules or expand voting access. Midterm Elections Are Different This Year. Here’s Why, WSJ youtube channel, https://youtu.be/0kRcB9PuXxQ.

Midterm elections in the United States are the general elections that are held near the midpoint of a president's four-year term of office, on the Tuesday after the first Monday in November. Federal offices that are up for election during the midterms include all 430 seats in the United States House of Representatives, and 33 or 34 of the 100 seats in the United States Senate.

In addition, 34 of the 50 U.S. states elect their governors for four-year terms during midterm elections, while Vermont and New Hampshire elect governors to two-year terms in both midterm and presidential elections. Thus, 36 governors are elected during midterm elections. Many states also elect officers to their state legislatures in midterm years. There are also elections held at the municipal level. On the ballot are many mayors, other local public offices, and a wide variety of citizen initiatives.

Midterm elections historically generate lower voter turnout than presidential elections. While the latter have had turnouts of about 50–60% over the past 60 years, only about 40% of those eligible to vote go to the polls in midterm elections. Historically, midterm elections often see the president's party lose seats in Congress, and also frequently see the president's opposite-party opponents gain control of one or both houses of Congress.

All of Latin America, and especially Central America, depends on the giant of the North for its economic, political, social and environmental well-being. A topic that is of special interest is that of migrants, and since 1999, the eight million Venezuelan migrants.

The 2022 US midterm elections are expected to usher in a new era of divided government, with polls showing Democrats losing control of the House and possibly the Senate. 
 
The Dow Jones Industrial Average is up 500 points as investors eye the possibility of a third day in the green for the main U.S. equity indexes. Many on Wall Street, including Morgan Stanley's Michael Wilson and Opimas's Octavio Marenzi, have said that the return of a more divided Congress would likely be the best-case scenario for stocks because the return of gridlock in Washington would likely mean less federal spending which, in theory, should help to subdue price pressures.

Why? Because, as economists have explained, the immense fiscal spending in response to the advent of the COVID-19 pandemic helped to stoke demand at a time when supply-chain disruptions and rising commodity prices were simultaneously weighing on supply.

But what would be the worst-case scenario for U.S. stocks? According to a team of U.S.-focused strategists at Rabobank, stocks would likely suffer should Democrats strengthen their grip on both chambers of Congress, although the impact on bonds would be more ambiguous.
 
San Jose Costa Rica November 8th, 2022 rafaelvilagut@gmail.com.

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