Californians reject Prop 19 as activists vow renewed push
In California voters reject Proposition 19 by 54 to 46 percent, stoking activist resolve to push for legalization in 2012 and beyond. Exit polls show broad opposition across races, with strong backing in San Francisco and Santa Cruz but losses in Humboldt region, while critics fault campaign messaging and state regulation delays. A previous measure in South Dakota also fails, and Arizona's medical marijuana ballot remains too close to call. Governor Schwarzenegger had just criminalized small possession as a traffic ticket, fueling contention over urgency of legalization.
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Red dominates campaign styling across parties in election color study
A Potpourri of political attire highlights red as an action color worn by Lisa Murkowski Carly Fiorina Christine O Donnell Rand Paul Barbara Boxer Andrew Cuomo and others during election events. Experts link red to energy urgency and visibility while blue is seen as more spiritual. The study notes Obama’s varied tie choices and the enduring image of red power in politics.
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Treasury to maintain borrowing pace amid policy uncertainty
The Treasury Department said it will keep borrowing near current levels for the rest of the year due to economic and tax policy uncertainty, even as tax receipts rise and deficits dip slightly. Separately, the SEC approved new brokerage rules to curb risks from customers with rapid trading access, prohibiting unfiltered naked access to exchanges in a 5-0 vote.
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Wednesday Markets Roundup Shows Mixed U.S. Trading
Dow Jones at 11,215.13 led by industrials while Nasdaq stood at 2,540.27 and S&P 500 at 1,197.96. Treasury 30 year at 4.06 percent, corn 5.25 cents higher, soybeans up 3.5 cents, wheat down 2 cents. Oil rose 79 cents to 84.69.
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Automakers report stronger U S sales in October
U S auto sales rose 13.4 percent to 950,165 in October, led by Chrysler Ford Honda and Nissan with double-digit gains. General Motors up 3.5 percent, Toyota down 4 percent amid recalls and an aging lineup. Measured annual rate at 12.26 million, strongest since August 2009.
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