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.
This story is from the August 26, 2024 edition of Business Standard.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the August 26, 2024 edition of Business Standard.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
The Maverick Who Founded HBO
Charles Dolan, the pay-television pioneer who won the first cable-TV franchise in Manhattan, founded Home Box Office Inc. and later built Cablevision Systems Corp into the fifth-largest US cable company, has died. He was 98.
Antarctica, North Pole: India's elderly take to extreme travels
Travel among India's senior citizens has evolved over the years with tour agencies observing a rise in demand, especially post-pandemic for adventure and non-traditional international destinations.
Auction of 11 critical mineral blocks called off
The central government has annulled the auction of over half of the 21 critical mineral blocks offered in the fourth round of bidding, citing a poor response, according to a notification from the Ministry of Mines on the MSTC e-commerce portal.
Navi Mumbai Airport Set To Begin Commercial Ops In May 2025: AAHL
International operations to start by July next year; project expected to cost around ₹18,000 crore
Manmohan Singh's economic reforms of the 1990s
The acclaimed \"architect of India's economic reforms\" has gone, mourned by people across political parties and professions, not just economists, civil servants, and journalists.
First Mover Mantra
Why EV leader Tata Motors is thirsting for more competition despite losing market share
Build debt fund portfolio diversified across duration
Take limited exposure to longer-duration funds in coming year
Rely on rolling returns, not point-to-point data
\"Financial planning experts often argue that equity markets outperform fixed deposits over the long term. However, I can demonstrate that a 10-year investment in fixed deposits has delivered higher returns than equity markets,\" declared my friend Mitesh.
Markets Will Likely Take Cue From the Budget
The 2024-25 (FY25) October-December (Q3) quarter earnings are expected to mirror those of the second quarter (Q2), with key sectors grappling with a demand slowdown. The government's approach to the economic downturn and its priorities will become evident in the upcoming Budget, says JIMEET MODI, founder and chief executive officer of Samco Group. In an interview with Sundar Sethuraman, Modi suggests domestic markets will likely stay volatile in calendar year (CY) 2025, influenced by developments in the US markets, inflation concerns, recession risks, and interest rate decisions. Edited excerpts:
Gold, silver ETFs: Alchemists spinning wealth in 2024
Where investors find philosopher's stone, with ₹19,000 crore inflow in first 11 months of 2024