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The North Carolina Board of Elections voted unanimously on Thursday in favor of holding a new election in Congressional District 9 after an investigation into election irregularities.Mark Harris, the Republican leading in the contested 9th District race, said Thursday a new election should be called. He told a state board Thursday he does not condone the activities that have come to light after testimony this week and he feels that the public's confidence in the process is shaken.Harris' call on Thursday was a dramatic reversal from his previous stance that the election board should certify the results of the election, in which unofficial tallies have Harris winning 905 more votes than his Democratic opponent.Harris had 742
The latest version of Monopoly is taking on a big social issue – the gender pay gap. It’s called Ms. Monopoly. The rules are a bit altered from the original board game to give female players a leg up. Women start with ,900, while men only start with ,500. Women also get 0 for passing go and men get the standard 0. There are some cards that give advantages to the men but they are limited. Some have criticized the new version of the game, calling it a gimmick. Others, however, say it sends a great message about gender equality. "Choosing the gender gap in wage is I think pretty bold and it's you know Monopoly is played majority by kids and so reaching them in an early age and telling the gals that they're just as valued if not more valued than men based on what they do. I think it's a great story," said Keith Meyers, owner of Board Game Republic. Meyers started working in the board game industry as a teen and is well aware of this the game and its social commentary. "I know some of the people who work at Hasbro and I applaud them for their efforts in what they've done," said Meyers. If you know the history of Monopoly, this new version is especially interesting because of who originally created the popular board game. "A mistaken conception is hat Charles Darrow was the inventor of it but it was actually Elizabeth Magie," said Meyers. "It was based off of Elizabeth Magie’s game that was actually built to show the bad side of monopolies and you know the whole tenant landlord issues."Ms. Monopoly pays homage to monopoly's original intent nearly 100 year ago. The game is also teaching a younger generation that women can make as much as men do, if not more. 1702
The Dow fell more than 800 points Wednesday after the bond market, for the first time in over a decade, flashed a warning signal that has an eerily accurate track record for predicting recessions.Here's what happened: The 10-year Treasury bond yield fell below 1.6% Wednesday morning, dropping just below the yield of the 2-year Treasury bond. It marked the first time since 2007 that 10-year bond yields fell below 2-year yields.US stocks fell as investors sold stock in companies and moved it into bonds. The Dow was about 2.8% lower. The broader S&P 500 was also down 2.8% and the Nasdaq sank 3.1% Wednesday.CNN Business' Fear and Greed Index signaled investors were fearful. The VIX volatility index spiked 26%.Investors are on edge because the German economy shrank in the second quarter, and the US-China trade war still looms large over markets despite the latest truce. Industrial production in China grew at the weakest rate in 17 years in July.As the global economy sputters, investors are plowing money into long-term US bonds. The 30-year Treasury yield fell to 2.05%, the lowest rate on record.Government bonds — particularly US Treasuries — are classic "safe-haven" assets that investors like to hold in their portfolios when they're nervous about the economy. Stocks, by contrast, are riskier assets that tend to be more volatile during economic slowdowns.Gold, another safe-haven asset, rose 1% Wednesday.Here's what this all means: Normally, long-term bonds pay out more than short-term bonds because investors demand to be paid more to tie up their money for a long time. But that key "yield curve" inverted on Wednesday. That means investors are nervous about the near-term prospects for the US economy. Bonds and yields trade in opposite directions, so yields sink when investors buy bonds.Part of the yield curve has been inverted for several months. In March, the yield on the 3-month Treasury bill rose above the rate on the 10-year Treasury note for the first time since 2007. It inverted again on July 24 and has remained negative. But Wednesday marked the first time in over a decade that the "main" yield curve — the 2-year / 10-year ratio — had inverted.That spooked Wall Street, because an inversion of the 2/10 curve has preceded every recession in modern history. That doesn't mean a recession is imminent, however: The Great Recession started nearly two years after the December 2005 yield-curve inversion.William Foster, Moody's lead US analyst, predicts the US economy will avoid a recession in 2019 and in 2020, despite the yield curve inversion's warning sign. He expects growth to slow in the second half this year into 2020.The US economy remains strong: Unemployment is historically low, consumer spending is booming, and the financial system is healthy."Even though we're discouraged by the yield curve's shape right now, we see few signs of danger ahead," said John Lynch, LPL Research chief investment strategist, in a blog post.Stocks have grown volatile lately, with the Dow plunging and rising more than 350 points in each session this week. But the yield curve inversion doesn't mean the stock market is about to collapse. The S&P 500 has rallied 22% on average between the first time a yield curve inverts and the start of a recession, Lynch noted.Following the last yield curve inversion in 2005, stocks rose for 12 straight months. 3400
The DEMOCRATS have given us the weakest immigration laws anywhere in the World. Mexico has the strongest, & they make more than 0 Billion a year on the U.S. Therefore, CONGRESS MUST CHANGE OUR WEAK IMMIGRATION LAWS NOW, & Mexico must stop illegals from entering the U.S....— Donald J. Trump (@realDonaldTrump) March 29, 2019 347
The House of Representatives is set to begin drafting articles of impeachment on Wednesday following two weeks full of testimony from an array of government officials, including those who conduct foreign affairs with Ukraine. On Wednesday, the House's Judiciary Committee will call upon four witnesses. These four witnesses are being brought in to provide an academic perspective on impeachment. Judiciary Chair Jerry Nadler, will call upon Pamela Karlan, a Stanford law professor; Noah Feldman a Harvard law professor; and Michael Gerhardt, a University of North Carolina law professor. Republicans have chosen Jonathan Turley, a law professor at George Washington University, to provide expert testimony. RELATED: 728