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Several small and three big reasons for Trump's return

Mint Mumbai

|

November 20, 2024

The US election outcome wasn't just about who ran and how. It carries deeper implications for democracy

- SANJOY CHAKRAVORTY

The US elections are over and the outcome is an uncontestable victory for Donald Trump and the Republican Party. Trump got 50.4% of the national vote, a margin of more than 2 percentage points over Kamala Harris. This signals a decisive victory by recent US election standards. He won all seven swing states and got about the same number of votes in 2024 as in 2020 (Harris got 10 million fewer than Joe Biden had that year).

Before we hold our breath again in anticipation of the antics to come from the Trump administration, let us try to look for some explanation of the outcome. There are two sets of possible explanations. The first set, which dominates the media, can be grouped together as 'short term' or 'only this election'. These are the most direct and obvious explanations that treat this—and every election—as a unique case with its own dynamics. In this line of thinking, changing candidates or messaging or timing could have yielded a different outcome. These include:

It's Biden's fault: He blocked the Democratic primary process by insisting on running for president although he was mentally and physically unfit, which increased disdain for him and resulted in a candidate, Harris, who was not vetted by party members and had little time to prepare.

It's Harris's fault: She ran a poor campaign; her message was muddled and advertising insipid; her only arguments were 'I am pro-abortion' and 'I'm not Trump'; she never acknowledged the struggles of the working class, and was seen as weak.

MEER VERHALEN VAN Mint Mumbai

Mint Mumbai

Mint Mumbai

Tobacco cess set to expire, enter health and national security cess

Finance minister Nirmala Sitharaman will introduce a bill in Lok Sabha on Monday to levy a new cess for public health and national security, replacing the GST compensation cess on tobacco, which will lapse when the Centre completes repayment of the loans raised to compensate states.

time to read

2 mins

December 01, 2025

Mint Mumbai

Mint Mumbai

Battery PLI may get new spark as rules set to ease

Scheme saw limited success; 50GWh capacity by Dec 2024 goal fell far short

time to read

3 mins

December 01, 2025

Mint Mumbai

Mint Mumbai

China used to be a cash cow for western companies. Now it’s a test lab.

For Western companies in China, a new reality has set in: The easy money is gone and competition is only getting fiercer.

time to read

4 mins

December 01, 2025

Mint Mumbai

BEHIND THE GLOSSY REPORT: THE MAKE BELIEVE ESG WORLD

Recently, the Sebi chairperson made a distinction that should make every company board squirm, Speaking at the “Gatekeepers of Governance’ summit, Tuhin Kanta Pandey separated “compliance” from “governance” in a way that was both elegant and damning.

time to read

2 mins

December 01, 2025

Mint Mumbai

Mint Mumbai

New safety, emission rules spell riches for parts firms

Anti-lock brakes? Sound alerts for EVs? Ever-changing emission norms? For India’s nimble auto parts makers, every new regulation to raise safety and lower pollution is opening up business avenues.

time to read

3 mins

December 01, 2025

Mint Mumbai

Mint Mumbai

APIs to innovation: Bulk drug makers ramp up CDMO bets

Once focused on low-margin active pharmaceutical ingredients (APIs), India’s bulk drug manufacturers are raising their ambitions, with several now investing heavily in research and development to win contract development and manufacturing work from global drugmakers.

time to read

2 mins

December 01, 2025

Mint Mumbai

Mint Mumbai

Smart GDP growth casts shadow over December rate cut

The Reserve Bank of India’s (RBI's) Monetary Policy Committee (MPC) is widely expected to keep the policy rate unchanged on 5 December, even as a sizable minority of economists argues that the space created by softening inflation and moderating nominal growth warrants another rate cut.

time to read

2 mins

December 01, 2025

Mint Mumbai

Mint Mumbai

Why MF vendors haven't grown as fast as MF assets

A rising tide does not lift all boats—an adage that mutual fund distributors will vouch for.

time to read

4 mins

December 01, 2025

Mint Mumbai

Mint Mumbai

Gen Alpha will make new rules for their workplace

Gen Alpha will expect hybrid workplaces, Al tools and 4-day weeks— offices unrecognizable to their parents’

time to read

3 mins

December 01, 2025

Mint Mumbai

EC extends electoral roll revision by a week to II Dec; final list on 14 Feb

The Election Commission on Sunday extended by one week the entire schedule of the ongoing special intensive revision (SIR) of electoral rolls in nine states and three Union territories amid allegations by opposition parties that the “tight timelines” were creating problems for people and ground-level poll officials.

time to read

2 mins

December 01, 2025

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