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Weekly Summaries

2nd of November – 8th of November

Joe Biden named President-Elect

After multiple days of anticipation, the result was finally announced. Biden was named President-Elect, receiving 290 electoral votes. Our writer Liam wrote about the US elections in more detail on our updates section. You can read his post here: https://econir-web.com/2020/11/08/the-us-election-of-2020/

Terror attack in Vienna

On Monday night, four people were killed and at least 22 other people were wounded in the capital city of Austria: Vienna. Multiple gunmen shot people at 6 different locations in central Vienna. Sebastian Kurz, Austria’s chancellor, announced that the police killed one of the gunmen. Austrian officials later described the shooting as a “terror attack.”

Kabul University stormed

On Monday, gunmen in Afghanistan stormed Kabul University, killing at least 19 people and wounding many more. An Afghan branch of the Islamic State later claimed responsibility. 

Categories
News

The US Election Of 2020

After a nail-biting election, Joe Biden has been named President-Elect. Today, his lead continued to increase in the state of Pennsylvania, giving him 20 additional electoral points and making him surpass the needed 270. President Trump has called for re-counts which have little to no merit as Biden carries states with margins of thousands that won’t be affected by a recount. Pennsylvania is vital in re-establishing the Blue Wall which the Democrats lost in 2016. All trends continue to show a clear Biden lead in the states of Arizona, Nevada, Georgia and Pennsylvania. If Biden manages to win all those states, he will have the same electoral number as Trump did when he beat Hillary Clinton in the 2016 elections. Major news outlets such as CNN and the BBC have called Biden the new incoming president. This election marks a key turning point in history as Kamala Harris will be the first female and first colored Vice-President, while Joe Biden will be the oldest President of the USA. Traditionally, the sitting President calls the newly elected one, but as of today Trump has not called Biden. The Biden-Harris team will have its first public speech at 8 PM EST on the 8th of November. The following months will be crucial for them as they have the task of somehow uniting a split America. Biden might have won the popular vote by approximately four million, yet around 70 million Americans still voted for Trump. After the winning announcement, celebrations of joy erupted throughout America. However, these celebrations are being overshadowed by the coronavirus outbreak; America had its highest increase in the number of cases reported in 24 hours (132,797) on the 6th of November. As the election draws to a close, it will be interesting to see how the world reacts, specifically looking at the markets.

To read more about the election press the following links:

NBC News

CNN

BBC