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Monday, December 09, 2019 {{ new Date().getDay() }}

New York (AFP) – U.S. stocks Tuesday moved higher following a report showing rising home prices as investors kicked off the final session of a banner year for equities.

About 30 minutes into trade, the Dow Jones Industrial Average rose 25.36 points (0.15 percent) to 16,529.65.

The broad-based S&P 500 gained 3.03 (0.16 percent) at 1,844.10, while the tech-rich Nasdaq Composite Index added 12.07 (0.29 percent) at 4,166.27.

Both the Dow and S&P 500 were above their record closing levels.

Home prices for the 20 biggest U.S. cities rose a seasonally adjusted 1.0 percent in October compared with the prior month, according to the S&P Case-Shiller home price index.

Prices were up 13.6 percent year-over-year, slightly less than the 13.8 percent rise expected by analysts.

Car-rental company Hertz gained 6.4 percent after enacting a “poison pill” plan designed to prevent a group of shareholders from taking a controlling stake in the company.

Warren Buffett’s Berkshire Hathaway was flat after announcing that it will purchase a specialty chemicals unit from refiner Phillips 66, paying with shares Berkshire already holds in Phillips. News reports said the stock deal was worth about $1.4 billion. Phillips rose 2.5 percent.

Chipmaker Marvell Technology Group gained 6.1 percent after private equity firm KKR disclosed that it owns a 6.8 percent stake in the firm.

Hewlett-Packard dipped 0.4 percent after increasing the number of staff it plans to lay off by 5,000 to 34,000.

Bond prices were mixed. The yield on the 10-year bond rose to 3.00 percent from 2.98 percent, while the 30-year held steady at 3.91 percent. Bond prices and yields move inversely.

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Eric Holder

The failure of major federal voting rights legislation in the Senate has left civil rights advocates saying they are determined to keep fighting—including by suing in battleground states. But the little bipartisan consensus that exists on election reform would, at best, lead to much narrower legislation that is unlikely to address state-level GOP efforts now targeting Democratic blocs.

“This is the loss of a battle, but it is not necessarily the loss of a war, and this war will go on,” Eric Holder, the former U.S. attorney general and Democrat, told MSNBC, saying that he and the Democratic Party will be suing in states where state constitutions protect voting rights. “This fight for voting rights and voter protection and for our democracy will continue.”

“The stakes are too important to give up now,” said Damon Hewitt, president and executive director of the Lawyers’ Committee for Civil Rights Under Law, which for years has operated an Election Day hotline to help people vote. “Our country cannot claim to be free while allowing states to legislate away that freedom at will.”

In recent weeks, as it became clear that the Senate was not going to change its rules to allow the Freedom to Vote Act and the John Lewis Voting Rights Advancement Act to pass with a simple majority, there have been efforts by some lawmakers, election policy experts, and civil rights advocates to identify what election reforms could pass the Senate.

“There are several areas… where I think there could be bipartisan consensus,” said David Becker, executive director of the Center for Election Innovation and Research, in a briefing on January 20. “These areas are all around those guardrails of democracy. They are all about ensuring that however the voters speak that their voice is heard… and cannot be subverted by anyone in the post-election process.”

Becker cited updating the 1887 Electoral Count Act, which addressed the process where state-based slates of presidential electors are accepted by Congress. (In recent weeks, new evidence has surfaced showing that Donald Trump’s supporters tried to present Congress with forged certificates as part of an effort to disrupt ratifying the results on January 6, 2021.) Updating that law could also include clarifying which state officials have final authority in elections and setting out clear timetables for challenging election results in federal court after Election Day.

Five centrist Washington-based think tanks issued a report on January 20, Prioritizing Achievable Federal Election Reform, which suggested federal legislation could codify practices now used by nearly three-quarters of the states. Those include requiring voters to present ID, offering at least a week of early voting, allowing all voters to request a mailed-out ballot, and allowing states to start processing returned absentee ballots a week before Election Day.

But the report, which heavily drew on a task force of 29 state and local election officials from 20 states convened by Washington’s Bipartisan Policy Center, was notable in what it did not include, such as restoring the major enforcement section of the Voting Rights Act of 1965, which was removed by the U.S. Supreme Court in 2013. It did not mention the Electoral Count Act nor growing threats to election officials from Trump supporters.

“This won’t satisfy all supporters of the Freedom to Vote Act, but this is a plausible & serious package of reforms to make elections more accessible and secure that could attract bipartisan support,” tweeted Charles Stewart III, a political scientist and director of the MIT Election Data and Science Lab. “A good starting point.”

The reason the centrist recommendations won’t satisfy civil rights advocates is that many of the most troubling developments since the 2020 election would likely remain.

Targeting Battleground States

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Former president Donald Trump

By Rami Ayyub and Alexandra Ulmer

(Reuters) -The prosecutor for Georgia's biggest county on Thursday requested a special grand jury with subpoena power to aid her investigation into then-President Donald Trump's efforts to influence the U.S. state's 2020 election results.

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