Does policy matter?
Business Standard|August 26, 2024
Lessons from two elections and one ongoing campaign
Does policy matter?

The last of the national elections that defined 2024 which was, by any standards, an epic year for election enthusiasts is rapidly approaching. Three score and ten days remain for the citizens of the United States to pick a government; and, while it was the Republicans who were the party of Abraham Lincoln, it is the Democrats who are clothing themselves in his mantle this time around, declaring they are "for the people".

One question that is worth asking at this point, however, is this: Are elections about policy, after all? The Democratic Party has surged in opinion polls recently - though probably not enough to win because of what people are calling "vibes". The replacement on the ticket of the current octogenarian President by his much younger vicepresident seemed sufficient to significantly expand the party's coalition of voters. Data shows, for example, that the median age of donors to Kamala Harris' campaign is 56, while the same statistic for Joe Biden's campaign was 66. (The distribution of donors to the President was also significantly skewed, with the mode at above 70.) This has happened without a significant shift in policies. After all, vice-presidents cannot exactly define themselves independently from the Presidents they serve.

To some extent, Ms Harris' rhetoric about issues like peace in West Asia is distinct from that of her boss in her convention speech, she focused both on defending Israel but also on the rights of the Palestinians. But the criticism that her campaign has been light on broader policy initiatives may be relatively justified.

But, if the vibes are working, do policy proposals even matter? Perhaps it does under certain circumstances.

هذه القصة مأخوذة من طبعة August 26, 2024 من Business Standard.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة August 26, 2024 من Business Standard.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

المزيد من القصص من BUSINESS STANDARD مشاهدة الكل
Business Standard

NPS FUND RETURNS Equity-debt allocation: Let risk appetite, not past-yr returns, decide

Funds under the National Pension System (NPS) have delivered strong returns over the past year across all asset classes, exceeding their longer-term averages.

time-read
2 mins  |
January 02, 2025
Index AUM criteria to limit MF Lite's ambit
Business Standard

Index AUM criteria to limit MF Lite's ambit

The strict product launch conditions under the MF Lite framework leaves little room for innovation by asset managers opting for this newly introduced route to enter the mutual fund (MF) business, experts said.

time-read
2 mins  |
January 02, 2025
Business Standard

Mumbai realty firms to build on demand, robust pipeline

The outlook for Mumbai-based real estate players remains strong given the launch pipeline and demand outlook reflected in the registration data for December.

time-read
2 mins  |
January 02, 2025
Business Standard

Mkts open in green for 7th year running

2025 OUTLOOK: Face headwinds from high valuations, domestic demand issues, and global uncertainties

time-read
2 mins  |
January 02, 2025
Sebi simplifies disclosure norms for listed entities with integrated filing
Business Standard

Sebi simplifies disclosure norms for listed entities with integrated filing

The Securities and Exchange Board of India (Sebi) has made integrated filing for Listing Obligations and Disclosure Requirements (LODR) effective for all disclosures starting with the quarter ending December 2024.

time-read
1 min  |
January 02, 2025
Business Standard

Stock Consolidates, Outlook Bright

With just two trading sessions to go before the ITC-ITC Hotels demerger record date, shares of ITC continue to consolidate in a thin range of ₹460-485 in an otherwise volatile equity market.

time-read
2 mins  |
January 02, 2025
Business Standard

NSE enforces mechanism for brokers to curb market abuse

The National Stock Exchange (NSE) has issued a guidance note for stock brokers to ensure prevention and detection of fraud or market abuse.

time-read
1 min  |
January 02, 2025
ITC Hotels to go the Jio Fin way
Business Standard

ITC Hotels to go the Jio Fin way

ITC's move to hive off its hotel business will have implications for passive funds and exchange traded funds (ETFs) similar to that seen during the Reliance Industries-Jio Financial demerger.

time-read
1 min  |
January 02, 2025
Air India Becomes 1st Indian Airline to Offer Wi-Fi on Domestic Flights
Business Standard

Air India Becomes 1st Indian Airline to Offer Wi-Fi on Domestic Flights

The in-flight Wi-Fi will allow flyers to connect multiple devices simultaneously when above 10,000 feet in the air

time-read
2 mins  |
January 02, 2025
Business Standard

2024 Warmest Year in India Since 1901: IMD

The year 2024 was the warmest on record in India since 1901, with the average minimum temperature settling 0.90 degrees Celsius above the long-period average, the India Meteorological Department (IMD) said on Wednesday.

time-read
2 mins  |
January 02, 2025