The assumption that Trump represented an anomaly who would at last be consigned to the ash heap of history was washed away on Tuesday night by a red current that swept through battleground states – and swept away the understanding of America long nurtured by its ruling elite of both parties.
No longer can the political establishment write off Trump as a temporary break from the long march of progress, a fluke who somehow sneaked into the White House in a quirky, one-off Electoral College win eight years ago. With his comeback victory to reclaim the presidency, Trump has now established himself as a transformational force reshaping the US in his own image.
Populist disenchantment with the nation's direction and resentment against elites proved to be deeper and more profound than many in both parties had recognized. Trump's testosterone-driven campaign capitalized on resistance to electing the first woman president.
And while tens of millions of voters still cast ballots against Trump, he once again tapped into a sense among many others that the country they knew was slipping away, under siege economically, culturally and demographically.
To counter that, those voters ratified the return of a brash 78-year-old champion willing to upend convention and take radical action even if it offends sensibilities or violates old standards. Any misgivings about their chosen leader were shoved to the side.
As a result, for the first time in history, Americans have elected a convicted criminal as president. They handed power back to a leader who tried to overturn a previous election, called for the "termination" of the Constitution to reclaim his office, aspired to be a dictator on Day 1 and vowed to exact "retribution" against his adversaries.
Bu hikaye Business Standard dergisinin November 08, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Giriş Yap
Bu hikaye Business Standard dergisinin November 08, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
IndiGo stock takes off on rating upgrade
Elara Capital gives 'buy' rating after IndiGo's highest-ever traffic in November
Wait for NAV, price on exchange to converge before investing
Indian investors seeking to diversify their portfolios through overseas exchange-traded funds (ETFs) are paying a premium.
Multiple triggers for Vedanta stock
Vedanta’s stock is experiencing multiple positive triggers, primarily driven by favorable aluminium and zinc price trends. The company's demerger plans, while modified, are expected to unlock value and improve capital allocation. Key projects coming online in the next 12-18 months, including alumina refinery expansion and captive mines, are poised to significantly boost earnings.
Markets settle flat in muted trade
Benchmark indices Sensex and Nifty ended flat in listless trading on Thursday amid a lack of near-term triggers and unabated foreign fund outflows.
India Third-Best Performing Major Market in 2024
The domestic market capitalization has soared 18.4 percent to $5.18 trillion in 2024, adding $806 billion.
MP High Court stays Burmans' Religare open offer
In a strange turn of events, the Madhya Pradesh High Court's Jabalpur Bench has stayed the Burman family's open offer to acquire an additional 26 per cent stake in Religare Enterprises, and the company's annual general body meeting.
IPO Mopup Likely to Top ₹2 Trillion Mark Next Year
Fund mobilisation through initial public offerings (IPOs) will continue to rise in 2025 and the total amount is expected to breach the ₹2 trillion mark, investment banking firm Pantomath Group estimates.
Derivatives volume drops 37%
Stricter trading norms help cool off speculative activity in December so far
Indian crypto investors ride Bitcoin, altcoin wave
The majority of crypto investors in the country have invested in mainstream virtual digital assets (VDAs) such as Bitcoins, altcoins like Dogecoin, Shiba Inu, and Ethereum, followed by non-fungible tokens (NFTs) and stablecoins, a compilation of year-end reports of crypto majors CoinDCX and CoinSwitch revealed.
28% OF LS SEATS HAD NO WOMAN CANDIDATE IN 2024
The Election Commission of India on Thursday released 42 statistical reports for the Lok Sabha (LS) elections 2024.