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The #NobelPrize committee couldn't reach Paul Milgrom to share the news that he won, so his fellow winner and neighbor Robert Wilson knocked on his door in the middle of the night. pic.twitter.com/MvhxZcgutZ— Stanford University (@Stanford) October 12, 2020 275

The 2020 election will be by far the most expensive campaign ever run, according to the election finance organization Center for Responsible Politics. The organization said this week that this year’s federal election will cost billion, nearly double from the amount spent last year.Spending on the presidential election alone is projected to be .6 billion, with over billion being spent in House and Senate races.Open Secrets says Joe Biden is set to become the first presidential candidate to ever raise billion, and that figure does not include money spent by PACs.Fueling the cost of this year’s election, billionaires Tom Steyer and Michael Bloomberg pumped .4 billion into the primary race. All told, Democrats have spent nearly billion so far, which is about billion more than Republicans.A plurality of the fundraising, some 41%, comes from large donors. Small-level donors make up 22% of campaign contributions.“Donors poured record amounts of money into the 2018 midterms, and 2020 appears to be a continuation of that trend — but magnified,” said Sheila Krumholz, executive director of the Center for Responsive Politics. “Ten years ago, a billion-dollar presidential candidate would have been difficult to imagine. This cycle, we’re likely to see two.”While individual donations are capped, funds to PACs are not. The highest-contributing individuals in this year’s election are Sheldon Adelson and his wife Miriam who have spent 3 billion. The Adelson’s sent million to pro-Trump super PAC Preserve America.Democrats have benefited from Bloomberg’s generosity. The former presidential candidate has spent 7 million on Democrats, including million to help Biden win the states of Texas and Ohio.The Center for Responsible Politics operates the campaign finance website opensecrets.org. To review their data, click here. 1872

States and regional health departments have created a patchwork of COVID-19 precautions and safety measures this holiday season. One challenge all of them face is enforcement.In Oregon, the governor is asking people to call the cops on their neighbors if they see people violating COVID-19-related restrictions like gathering sizes.“Do you want people calling the police on their neighbors?” a reporter from KGW asks Governor Kate Brown.“Look, this is no different than what happens if there’s a party down the street and it’s keeping everyone awake. What do neighbors do? They call law enforcement,” Governor Brown responds. 633

Texas Lt. Gov. Dan Patrick blamed Friday's massacre at a high school near Houston in part on "too many entrances and too many exits" on the campus, prompting some to mock his perspective as "door control.""From what we know, this student walked in ... with a long coat and a shotgun under his coat," said Patrick, a Republican who has an A+ rating from the National Rifle Association. "It's 90 degrees. Had there been one single entrance possibly for every student, maybe he would have been stopped." 508

Stocks are in the midst of a scary October slump, sliding sharply again on Wednesday because investors are worried about rising interest rates.The Dow fell 800 points and dipped below 26,000 for the first time in a month. All 30 Dow stocks were in the red. The Dow was on track to have its third-worst point drop ever. The Dow fell by more than 1,000 points twice this year -- their biggest ever -- because of inflation fears.The S&P 500 posted its fifth straight decline. And tech stocks were getting hit particularly hard. The Nasdaq dropped 3.5%.October has often been a nerve-racking month for investors, and this month is living up to that reputation. All three indexes are in the red this month. But the Nasdaq has really taken it on the chin: It has plunged more than 7% already in October. 835