Saturday, February 29, 2020

Sanders Leads Nationally as Biden Triumphs in South Carolina


Vermont Senator Bernie Sanders has captured frontrunner status in the Democratic race, though it may not be enough to win enough delegates before the convention in Milwaukee in a few months.

That may be even more likely after today’s vote, as former Vice President Joe Biden scored a strong victory in the South Carolina primary Saturday. Long touted as his firewall, Biden seemed to be danger just last week of losing the primary to a surging Sanders. Biden, with around 90% of the precincts in, has just under 50% of the vote, with second-place Sanders just under 20%.

Even with Biden’s South Carolina victory and the possibility of momentum heading into Super Tuesday this week, Sanders holds a healthy lead on national polling, which was Biden’s claim just last month. According to the RealClearPolitics poll aggregator, Sanders leads Biden 29.6% to 18.8%, with former New York City Mayor Michael Bloomberg coming in third with 16.4%. Bloomberg, who will only be on state ballots starting on Super Tuesday, surged in polling this past month as he spent hundreds of millions of dollars on television and online advertisements. His momentum has slowed, however, amid a poor first debate performance and a somewhat resurgent Biden, whose disastrous Iowa and New Hampshire results had some wondering if he would leave the race.

While Sanders maintains the lead in national polling and in certain Super Tuesday states, there is a strong chance neither he or any other candidate will reach a majority of delegates on the first ballot. If that happens, delegates can choose who to be their nominee at the convention, possibly setting up a protracted and heated battle to face Trump in November.


Riots in India Kill 42 So Far


Riots have broken out in the city of Delhi as opponents and supporters of a controversial citizenship law passed by the Indian Parliament clashed on the streets.

The Citizenship Amendment Act (CAA) creates a path for citizenship for certain illegal immigrants but notably excludes Muslims from those eligible. The riots in North East Delhi arose after a local politician vowed to clear the streets of protestors opposing the law, most of whom are Muslim. Supporters of the law, mostly Hindu, took to the streets in an attempt to stop the demonstrations of the opponents. At least 600 have been arrested so far.


Coronavirus Causes Worry as Markets React


The coronavirus outbreak, linked to the virus now-named COVID-19, has sickened nearly 90,000 worldwide, with most infections occurring in China, the virus’s origin point, though rapidly spreading across the globe, including major outbreaks in Iran and Italy.

The virus, which causes a respiratory disease similar to influenza, spreads through respiratory droplets emitted from the body during sneezing and coughing. Cases can develop into pneumonia and possibly turn fatal. The fatality rate for the disease is estimated at 1-3%.

The prospect of a pandemic, in which the disease infects a significant population in most areas of the world, has sent shockwaves through the global markets, with many indices having their worst week since the financial crisis in 2008. The S&P 500 and the DJIA both fell around 10% this past week, with the DJIA shedding 3500 points.

In addition, concerns over the availability of health supplies, such as face masks, have surfaced as many of these products are made in China, specifically in Hubei Province, the epicenter of the outbreak.