Daily Briefing :- 9,10/11/16

Here is CurrentHow’s Daily Briefing™ for the 9th and 10th of November, 2016 :-

1. Trump wins the US Presidential Elections in a major upset :-

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Donald Trump was elected America’s 45th president Tuesday, an astonishing victory for a celebrity businessman and political novice who capitalized on voters’ economic anxieties, took advantage of racial tensions and overcame a string of sexual assault allegations on his way to the White House.
Democrat Hillary Clinton conceded the presidency to Trump in a phone call early Wednesday morning, a stunning end to a campaign that appeared poised right up until Election Day to make her the first woman elected U.S. president.

Trump’s triumph over Clinton, not declared until well after midnight, will end eight years of Democratic dominance of the White House. He’ll govern with Congress fully under Republican control and lead a country deeply divided by his rancorous campaign against Clinton. He faces fractures within his own party, too, given the numerous Republicans who either tepidly supported his nomination or never backed him at all.

“I say it is time for us to come together as one united people,” Trump told supporters at a Midtown hotel near his Trump Tower campaign headquarters, vowing to unify a deeply divided nation.

He said he had spoken by phone with Clinton and they had exchanged congratulations on a hard-fought race. “For those who have chosen not to support me in the past, of which there were a few people, I’m reaching out to you for your guidance and your help so we can work together and unify our great country,” he said, the stage crowded with family and his most loyal allies.

n a tight race that was not decided until after 2 a.m., Trump won nearly all of the competitive battleground states, claiming Florida, Ohio, North Carolina and others.

The Republican also carried Pennsylvania and Wisconsin, states that hadn’t voted for a GOP presidential candidate since the 1980s.

Americans needed to choose whether they thought Clinton should be the nation’s first woman to hold the office of commander in chief, or if the billionaire businessman really could “make America great again.”

2. India bans Rs. 500 and Rs. 1,000 notes to curb “Black Money” :-

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In a sudden address to the nation, Prime Minister Narendra Modi has announced that starting midnight, existing Rs. 500 and Rs. 1,000 notes can no longer be used for any transactions.
They must be deposited, starting Thursday and through December 30, at post offices and banks, he said, describing the move as essential to fight “the disease of black money.”

New Rs. 500 and Rs. 2,000 notes, cleared by the Reserve Bank of India, will be introduced on Thursday. For now, notes currently in use can be traded for upto Rs. 4,000 till November 24 and for larger amounts thereafter. Against notes that are deposited, withdrawals of upto Rs. 10,000 a day or 20,000 a week will be permitted for now. PM Modi, urging the country to bear with “temporary hardships” in the implementation of the new rule, said that banks will be closed to the public tomorrow and ATMs will not work in some places for the next 48 hours and withdrawals will be limited till Friday to Rs. 2,000.

The PM said that though India is now “a global bright spot” with its fast-growing economy, corruption and black or undeclared money “are the biggest obstacles to our success.”

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This is a news briefing and the content published in this post does not reflect the views of CurrentHow™ Inc. in any way.

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