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      in US Politics

      Joe Biden's coronavirus taskforce to meet as Trump urged to cooperate

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      Joe Biden will convene a coronavirus taskforce on Monday to confront one of the biggest problems vexing the US, as the president-elect and his running mate, Kamala Harris, move ahead with their transition process.On Sunday night, Biden and Harris released their first public schedule as “president-elect” and “vice-president-elect”.Biden is due to meet with a 12-member advisory board led by former the surgeon general, Vivek Murthy, and the former Food and Drug Administration commissioner, David Kessler, to examine how best to tame a pandemic that has killed more than 237,000 Americans.He will speak in Wilmington, Delaware, about his plans for tackling the coronavirus pandemic and rebuilding the economy later in the day.Biden has spent much of the campaign criticising Donald Trump’s handling of the crisis and has vowed to listen to scientists to guide his own approach.There are questions over whether Trump, who has not publicly recognised Biden’s victory and has falsely claimed the election was stolen, will impede Democrats as they try to establish a government.The transition cannot shift into high gear until the US General Services Administration, which oversees federal property, certifies the winner.Emily Murphy, the Trump appointee who runs the agency, has not given the go-ahead for the transition to begin, and on Sunday night a GSA spokeswoman gave no timetable for the decision.Until then, the GSA can continue providing Biden’s team with offices, computers and background checks for security clearances, but they cannot yet enter federal agencies or access federal funds set aside for the transition.The Biden campaign on Sunday pressed the agency to move ahead.“America’s national security and economic interests depend on the federal government signalling clearly and swiftly that the United States government will respect the will of the American people and engage in a smooth and peaceful transfer of power,” the campaign said in a statement.There is little precedent in the modern era of a president erecting hurdles for his successor. The stakes are especially high this year because Biden will take office amid a raging pandemic, which will require a comprehensive government response.The advisory board of the nonpartisan Center for Presidential Transition also urged the Trump administration to “immediately begin the post-election transition process and the Biden team to take full advantage of the resources available under the Presidential Transition Act”.Biden’s taskforce will be responsible for executing the promises he made on the campaign trail for tackling Covid-19, which include doubling the number of drive-through testing sites, establishing a US public health job corps to mobilise 100,000 Americans on contact tracing; and ramping up production of masks, face shields and other PPE equipment.Trump has no public events scheduled for Monday, and he has not spoken in public since Thursday. Vice-president Mike Pence is due to meet with the White House coronavirus taskforce on Monday for the first time since 20 October.As part of a public campaign to question the election results, he is planning to hold rallies to build support for his fight over the outcome, Trump’s campaign spokesman, Tim Murtaugh, said.The US recorded more than 127,399 cases on Saturday, bringing the total recorded to nearly 9.9m, according to Johns Hopkins University. More than 1,000 deaths were recorded, bring the national toll close to 237,000. America has reported over 100,000 infections five times in the past week, according to a Reuters analysis, which found that the latest seven-day average in the US is more than the combined average for India and France, two of the hardest hit countries overseas.Biden’s transition effort now has a website, BuildBackBetter.com, and a Twitter account, @Transition46. Biden’s team is also expected to move forward with efforts to choose the officials who will serve with him in his administration. He has not offered a timeline for cabinet picks, but he and Harris have pledged that his administration leaders will reflect the country, with representation of women and people of colour.He is also reportedly planning a series of urgent orders that would roll back some of Trump’s agenda, in some cases fulfilling his campaign promises. That includes repealing the travel ban against Muslim-majority countries (one of Trump’s first actions); rejoining the international climate accord; rejoining the World Health Organization; taking action to protect “Dreamers” from deportation; revoking “the global gag rule”, which blocks the US government from funding groups that conduct abortions or advocate abortion rights; and reestablishing Obama-era environmental regulations.But Trump has not yet acknowledged defeat and has launched an array of lawsuits to press claims of election fraud for which he has produced no evidence. State officials say they are not aware of any significant irregularities. Since the race was called, the president has been golfing and tweeting a steady stream of election misinformation that has forced Twitter to acknowledge his allegations are disputed and that mail-in voting is safe and secure.Murtaugh said Trump will hold a series of rallies to build support for the legal fights challenging the outcome, though he did not say when and where they would take place.Trump will seek to back up his as-yet-unsubstantiated accusations of voting fraud by highlighting obituaries of dead people the campaign said voted in the election, Murtaugh said.Trump also announced teams to pursue recounts in several states. Experts said that effort, like his lawsuits, are unlikely to meet with success.“The chances of a recount flipping tens of thousands of votes across multiple states in his favour are outside anything we have seen in American history,” William Antholis, the director of the University of Virginia’s Miller Center thinktank, wrote in an essay on Sunday.Reuters contributed to this report More

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      in US Politics

      The Guardian view on Joe Biden: cometh the hour, cometh the man | Editorial

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      “This is the time to heal in America”. President-elect Joe Biden’s words were directed at a nation suffering after four years of Donald Trump’s dishonesty and fear-mongering. Mr Biden understands Trumpism is arsenic in the water supply of American political culture. It has sloshed around the country, flowing most freely wherever Republicans were in power. Even after the president had clearly lost the popular vote, his Republican enablers embraced his claims about a stolen election rather than denouncing them.Yet Mr Biden wants America to come together not come apart. There is nothing to gain from trading incivilities with Republican opponents. He seeks to bridge divides. Under Mr Trump, the US has become more polarised between educated and less-educated voters; whites and people of colour; haves and have-nots; and urban and rural areas. Mr Biden is right: politics can’t be conducted in a furnace, it’s time to “lower the temperature”.In his words Americans must “see each other again [and] listen to each other again”. There’s too much at stake to do otherwise. The US faces a triple crisis: a pandemic that is costing hundreds of lives daily; an economic depression with skyrocketing long-term unemployment; and a politics where consensus is sorely lacking but badly needed. These are interrelated emergencies. Covid cannot be solved without a faith in facts, which is why Mr Biden will set up an expert pandemic taskforce ahead of naming his cabinet. His emphasis on science is in contrast to widespread Republican disdain for evidence.The country’s economy can only be revived by federal spending to keep companies and households afloat while upscaling the test-and-trace regime. Thanks to the US’s skewed electoral system Republicans may find themselves in a position to frustrate a president Biden. Some want to bite the hand of friendship that he has extended. This would be a bad idea. Republicans who shrank the government to the size “it can be drowned in the bathtub” can see when you do so people die. Those who pushed profit-driven opinion ahead of scientific fact ought to realise that conservative ideology won’t cure coronavirus.Without a vaccine, what is needed is money from Congress and politicians willing to persuade people to change their behaviour. Super-spreading lies about the economy and the virus has deadly consequences. A public reared in an age of government distrust led to a revolt against mask-wearing and social distancing. Mr Biden is asking Republicans to stop peddling fact-free assertions about liberties being lost for the sake of public health. They should listen to him.The trained cynicism about government needs to be unwound. Mr Biden’s argument is that if Americans cannot share a common narrative about how to handle Covid then the government cannot produce a successful solution. He is right. Republicans must break Mr Trump’s spell over their party. Left unchecked the Grand Old Party risks reducing itself to a cult beholden to an ageing leader’s bizarre conspiracy theories.The American dream does not exist for many people. How to manage this pain is central to Mr Biden’s healing touch. The president-elect seems ready to offer compassion and help to those whose suffering Mr Trump dismissed as fraudulent. Mr Biden wants Americans to feel empowered by believing in something larger than themselves. He would like elected leaders to take, rather than abdicate, responsibility for public duties. If the 2020 election was a referendum on the Trump years, the pandemic provides a test of conservative principles. Mr Biden aims to restore trust in government, and in the US itself. Republicans should do their bit to help. More

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      in US Politics

      Markets plunge in uncertainty about a second term and a second wave

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      Stock market investors are braced for a bumpy ride this week as the likelihood of further dramatic increases in Covid-19 cases across the world collide with the final days of the US presidential election campaign.
      Last week, shares in the US and Europe slumped at their fastest rate since March and analysts said there would be worse to come, after France and Germany imposed strict lockdowns and US states came under pressure to tackle the rising number of deaths.
      “New lockdowns across Europe are being harshly repriced by markets,” said Barclays equity strategist Emmanuel Cau.
      “There is a huge nervousness about a second wave,” added Gabriel Sterne, head of global macro research at consultancy Oxford Economics. “With some government finances beginning to be stretched, the threat of further lockdowns is causing a large degree of anxiety.”
      Heightened levels of concern about the path of the virus began to affect markets three weeks ago. From New York to Paris, London and Tokyo, investors sold heavily from 13 October onwards as each day brought news of higher infection rates and growing numbers of deaths.
      Stricter measures to limit households mingling began to take effect and government ministers of all political stripes began to talk about broader lockdowns being the only answer to the spread of the virus.
      FTSE 100
      The Paris CAC index lost more than 400 points, or 8%, from 13 October to the end of last week while London’s top 100 listed companies slumped 7.5% over the same period. Last week, the Stoxx 600 index of European companies slumped to its lowest level in five months, falling 3.1% in a day.
      In the US, a downturn in stock values that began in September with a panic over the virus turned into a rout after it became clear Congress would not give Donald Trump the stimulus package he craved.
      Without a second trillion-dollar tranche of cash to support closed businesses and millions of unemployed workers, the president’s boast that the recovery was “looking fantastic” lacked substance. The S&P 500 lost more than 8% in the 16 days that followed 13 October.
      It wasn’t the first time this year that fears of a Covid-19 second wave had spooked markets, but the rallies that turned the previous panics into mere blips on a chart appear to be absent this time. Investors have stopped listening to hopeful stories about a vaccine and begun looking at the ripple effect that flows from the widespread adoption of masks and physical distancing.
      As Dhaval Joshi, chief European strategist at BCA Research, says, consumers who cannot use their nose or mouth in close proximity to others are hardly consumers at all.
      He estimates that while lockdowns put a temporary block on economic activity, the face mask and distancing rules will cut as much as 10% off GDP for as long as they are imposed.Stocks in the three hardest-hit sectors – hospitality, retail, and transport – have taken a beating since March.
      Stoxx 600
      However, investors who have switched to the tech industry have shrugged off concerns about the virus. The major tech companies – Apple, Amazon, Alphabet (the owner of Google), Microsoft and Facebook – were behind the 50% increase in the S&P 500 since Trump took the presidency and have generally benefited from the switch to a more digital economy since the lockdowns in March. If US stocks are to recover their momentum, tech will have to perform.
      In the UK, where the FTSE 100 is dominated by banking, insurance and oil and gas companies, share prices have barely recovered after dipping to 5,000 points in March. Across Europe, successful industrial giants such as Mercedes-Benz, Volkswagen and Siemens have been hit as a six-month recovery in their share prices took a negative turn.
      Donald Trump’s attack lines in the closing weeks of the US presidential campaign have also highlighted the potential downside for investors of a victory for Democratic candidate Joe Biden on 3 November. Desperate to land some punches on his rival, the president has tweeted more than once: “A vote for Joe Biden is a vote for the biggest TAX HIKE in history.”
      So far the claim, which even rightwing US thinktanks say overstates the magnitude of his tax proposals, has failed to shift the polls and they continue to suggest a Biden victory. But distrust of the polls and Trump’s veiled threats to challenge the validity of a narrow Biden victory have only added to stock-market jitters.
      S&P500
      One constant source of light for investors has been the actions of central banks. After a brief flirtation by the US Federal Reserve with increasing interest rates during the first years of the Trump administration, all central banks have cut borrowing costs to zero, and some, including the European Central Bank (ECB) and the Bank of Japan, to below zero.
      Central banks have also pumped trillions into the financial system to maintain the flow of easy credit to businesses large and small, adding to the sense that whatever Covid-19 may throw at them, companies’ borrowing costs will be negligible.
      This week the Bank of England’s monetary policy committee is expected to add another £100bn to the £745bn of “quantitative easing” – purchasing sovereign and corporate debt from financial institutions – it has already injected into the economy. The US Fed’s board will also meet this week and the signs are that the recent slump in stock values will persuade its policymakers to increase its current $7.2tn (£5.6tn) of QE.
      Last week the president of the ECB, Christine Lagarde, signalled a further stimulus for the eurozone in December, while the Bank of Japan has said that its determination to print as much money as it takes to keep interest rates below zero is “unlimited”.
      Such support from the central banks will be essential as the virus continues to ravage the populations of Europe and the US. Whether it will be enough to turn the stock market back on to a more positive path is another matter. More

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      in Elections

      'Be afraid of Covid': New York governor Cuomo blasts Trump over coronavirus 'denial' – video

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      New York governor Andrew Cuomo has denounced Donald Trump over remarks he made telling Americans ‘to get out there’ and not fear Covid-19. Cuomo attacked Trump’s comments as ‘just more denial’ after the president returned from the White House following a three-night stay at the Walter Reed national military medical center. ‘Don’t be afraid of Covid? No. Be afraid of Covid. It can kill you. Don’t be cavalier.’
      Trump tells negotiators to halt talks on Covid economic relief measures

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