Thursday, September 29, 2022
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The week in politics: Top trends and people to watch

As the only incumbent Republican senator running in a state that Hillary Clinton won in 2016, Heller would much rather focus on tax reform and the economy than immigration or repealing Obamacare -- which Republicans have so far failed to do. The Denver Post reports, "With just weeks left in the race, Tillemann has doubled down on that outsider approach by trying to position himself as the true progressive in the Democratic primary — arguing that he, not Crow, would pursue the impeachment of President Donald Trump." In New York's 24th District, a similar fight is playing out to see who will challenge Republican incumbent John Katko in the fall. Republicans continue to use Pelosi as a foil, with Mr. Trump arguing in Nevada yesterday that a vote for Jacky Rosen is a vote for Nancy Pelosi. Max Rose is expected to win Tuesday night's Democratic primary to run against Rep. Daniel Donovan or Michael Grimm in the fall. House primaries The Democrats need to flip 23 Republican-held districts to take control of the House of Representatives this fall, and CBS News rates 5 of the House districts facing primary elections on Tuesday as "very likely" or "probably" competitive in November (CO-6, NY-11, NY-19, NY-22, and UT-4). Senate primaries Maryland, New York and Utah each have one Senate primary election on Tuesday. In New York, incumbent Democratic Senator Kirsten Gillibrand, a potential 2020 presidential hopeful, has no primary challenge and is expected to easily win re-election in the fall. In Utah, Mitt Romney is expected to win the Republican nomination. Voting changes/Ballot initiatives Tuesday night marks the first time that Colorado's 1.2 million unaffiliated voters can cast ballots in the primary elections.

On Politics: Henry-Pashinski contest one to watch

Editor’s note: On Politics is a new Tuesday column in which we will analyze key local, state and national political developments of the past week. While many eyes will be on the gubernatorial and U.S. Senate contests this fall, Luzerne County very likely has a new hot ticket to watch in November. The opportunity arose because Gregory Wolovich Jr., the Republican nominee in the 121st Legislative District, said he will vacate the slot because he believes Henry would be a better fit. Henry’s apparent coronation as the GOP candidate could turn what many expected to be another non-contest in the district into an interesting battle, to say the least. Democrat Pashinski, 72, is seeking his seventh two-year term in the legislature. But in place of 25-year-old Wolovich, Pashinski now is expected to face Henry, 53, who brings to the race one of the most recognized names in Wyoming Valley media circles. In an interview with the Times Leader, Henry said property tax reform and the opioid crisis are among the most pressing issues she would look to address. Henry said last week she would back legislation to eliminate or drastically reduce reliance on real estate taxes to fund public education through other means, such as increasing the state’s personal income and sales taxes. Pashinski handily defeated Libertarian challenger Betsy Summers in 2016 and 2014, and ran unopposed in 2012. Incumbency is still a powerful defense — and as noted, Pashinski’s name carries a great deal of weight and respect.

Trump Makes Pence Watch Him Issue Pardons to See How It’s Done

WASHINGTON (The Borowitz Report)—President Donald J. Trump made Vice-President Mike Pence watch him issue pardons for several hours to see how it is done, a White House source confirmed. According to the source, Trump pardoned a number of disgraced political figures and former reality-show cronies for the sole purpose of training Pence in the art of issuing pardons. After signing pardon after pardon while Pence looked on intently, Trump commanded the Vice-President to sign a “practice pardon” to prove that he “wouldn’t mess anything up,” the source said. Before trying his hand at issuing a pardon, Pence heaped praise on Trump for the pardoning demonstration he had just given. “Mr. President, as in everything you do, your mastery of pardoning has been a wonder to behold,” he said. “I pray to God that, if I am ever called upon to issue a pardon, I do it with one-tenth of the skill and grace you have just displayed.” “Stop sucking up and sign it,” Trump reportedly snapped.

Uncertain Times For Italian Politics: Questions And Watch Points

Unsurprisingly, with the possibility of another election in the cards, market sentiment has shifted to risk-off in light of the political uncertainty. Three questions for Italy going forward Against the backdrop of the latest polling data, it is really hard to predict what will happen next in the political arena. What's in the cards for financial markets? Currently, we think the political risks are growing, incrementally pushing our cycle score deeper into negative territory. Combined, our building blocks have triggered a move from an underweight position to neutral for Italian government bonds, but are not yet telling us it's time to move to an overweight. The information, analysis and opinions expressed herein are for general information only and are not intended to provide specific advice or recommendations for any individual entity. As with any type of portfolio structuring, attempting to reduce risk and increase return could, at certain times, unintentionally reduce returns. Investments that are allocated across multiple types of securities may be exposed to a variety of risks based on the asset classes, investment styles, market sectors, and size of companies preferred by the investment managers. Neither Russell Investments nor its affiliates are responsible for investment decisions with respect to such investments or for the accuracy or completeness of information about such investments. This is a publication of Russell Investments.

European stocks finish slightly lower as traders watch Italian politics

Reuters European stocks closed mostly lower Monday, with investors tracking developments in Italian politics after two populist parties said they had reached a deal to form a new government. What are markets doing? The Stoxx Europe 600 index SXXP, -0.05% slipped less than 0.1% to close at 392.19, edging back after scoring its longest weekly winning run since March 2015 last week. What is driving the market? Italy was the major focus in Europe on Monday after antiestablishment 5 Star Movement and hard-right League party over the weekend reportedly reached a deal on forming a governing coalition. The new government—expected to be announced in coming days—would end more than two months of political deadlock in Italy after the country’s general election in early March produced an inconclusive result. Trade talks between the U.S. and China were also in the limelight on Monday. What are strategists saying? “There is the clear positive to an end of over two months of political gridlock [in Italy]; however, there is a glaring negative in that such a coalition could impact on Italy’s relationship with the European Union, potentially throwing Italy’s slowly recovering economy into disarray,” said Jasper Lawler, head of research at London Capital Group, in a note. “Anticipated measures include renegotiations of EU accords with a tougher stance, although a full-blown withdrawal from the European Union does not appear to be on the cards, which goes some way to explaining the inexistent response from the euro,” he added.

‘Saturday Night Live’ Cast Members’ Moms Weigh in on Show’s Politics (Watch)

“Saturday Night Live” opened its penultimate episode of the 43rd season with a special message for and from mothers on the eve of Mother’s Day instead of its usual political satire. Cast members introduced their mothers to the audience, standing side by side on stage. Kenan Thompson’s mother noted that she likes the show, “except for all of the political stuff.” “We get it!” she said. After Mikey Day reminded his mother he was in a production of “The Crucible,” she replied that such a story is “a lot like the witch hunt against President Trump.” Luke Nell’s mother followed suit, advising him “enough with the Trump jokes.” It didn’t seem to matter that he reminded her he doesn’t write them, as she continued, “And why doesn’t ‘SNL’ ever talk about crooked Hillary! ?” “I’m so new here, please do not do this to me,” he replied. Chris Redd asked his mother not to do it to him, either, but she had bigger fish to fry than issues over politics. “Jesus isn’t president, Mom,” he pointed out. “And that’s the problem!” she said. Colin Jost’s mother said she thinks Alec Baldwin does a great Trump impression but thinks it is too mean. And Melissa McCarthy popped by as the “world’s proudest stepmom.” Meanwhile, the political talk was mostly contained to “Weekend Update,” with Jost talking about Trump helping secure the prisoners from North Korea, saying that he was having a good week because he didn’t even say “Wait, I thought they were Americans” when greeting them and that although Trump claimed to have the highest 3 a.m. ratings over such an event, the actual highest ratings at that time came on election night “from liberals hoping they were being pranked.” “Sure, this is a decent week for Trump,” conceded Che.

It’s Primary Day in Illinois. Here are four storylines to watch

has been spent on TV and radio ads on both sides. And it’s possible that two incumbents — the state’s Republican governor and a Democratic congressman — could go down to defeat. Is Gov. Rauner should still be considered the favorite to win today’s primary in his rocky road to re-election. Rauner could lose #ILGov primary tomorrow night, or at least closer than expected for a challenge to a multi-millionaire incumbent governor.” If Rauner loses, he’d be the first Illinois governor seeking re-election to lose a primary in 42 years. 2. Who wins the Dem primary for governor — the billionaire, the Kennedy or the former teacher? It’s an affluent suburban district and a top target for Dems. Here are the numbers for the primary: Trump shakes up his legal team “President Trump’s legal team was poised for a shake-up on Monday, according to two people briefed on the matter, as he openly discussed firing one of his lawyers, another considered resigning and a third — who pushed theories on television that Mr. Trump was framed by the F.B.I. The president reassured Mr. Cobb that he had no plans to fire him, according to a person who spoke with the president late Monday, in part to prevent a narrative that his team was in disarray after The New York Times began making inquiries.” More: “Mr. Net change: ~+2D.” Politico: GOP is worried about Don Blankenship in West Virginia “National Republicans — on the heels of the Roy Moore and Rick Saccone debacles — worry they’re staring down their latest potential midterm election fiasco: coal baron and recent federal prisoner Don Blankenship,” Politico says.