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Thursday, December 31, 2020

It's a new year but the politics of 2020 isn't going away - CNN

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(CNN) It is officially, finally 2021. But while everyone on Earth has had enough of the year that was, Americans need to gird themselves for a bit more 2020, at least to start, as a large portion of Republican lawmakers put their names next to President Donald Trump's effort to overturn the election.

There will be 20 more days of Trump and he will be on fire. The President has brought his drama show back to Washington early, perhaps realizing his time in the White House is down to days and counting. He's also hoping to pressure Republican lawmakers to back his wild and inaccurate claims of fraud when the electoral votes that seal his exit are counted in what's normally an antiquated ceremony.

He will also travel to Georgia for his last political rally as President, when he encourages voters there to show up for the all-important January 5 runoff and protect Republicans' Senate majority. There are, as of this writing, two developing complications for Trump. He's spent months attacking the electoral system as fraudulent, particularly in Georgia, where he lost. And one of the Republican candidates, Sen. David Perdue, will have to quarantine after coming into contact with someone who tested positive for Covid-19.

There will be a show January 6. CNN's Jake Tapper reported Thursday that as many as 140 House Republicans could vote to throw out electoral votes from swing states. That's a strong majority of the Republicans in the House trying to overturn the election and swear fealty to the President.

It's an easier vote in the House, where objections to the election are destined to fall against the larger number of Democrats in that chamber.

Senators who bit their tongues during his presidency will have a chance to find their independence.

There will be calls for sanity. Nebraska Sen. Ben Sasse criticized those who would object to the electoral votes of Pennsylvania, and perhaps other states, when they're counted January 6.

"I have been urging my colleagues also to reject this dangerous ploy," Sasse wrote in a six-part Facebook post, after Sen. Josh Hawley, a Missouri Republican, said he would be the senator who forced votes on the objections.

It'll be an aggravating vote for those Senate Republicans running for reelection in 2022, when the party is defending more Senate seats than Democrats.

There will be a split in the GOP. A vote for the objections Trump wants is a vote for conspiracy theory over fact and against the democratic will of the country.

A vote against the objections is to accept the decision of the people but defy the grassroots of the GOP and fail a fealty test to Trump, likely inviting a primary challenge in the near future.

Few Senate Republicans want to make this choice, which is why party elders had tried to shield themselves from it. But now that Hawley has decided to object, Senate Majority Leader Mitch McConnell has made it clear to lawmakers he's giving them room to vote their conscience, according to a source familiar with a Thursday conference call on which McConnell asked Hawley -- who was not in attendance -- to explain his rationale.

Still, McConnell went on to tell his colleagues that even with a career as long as his, the vote would mark one of the most significant, perhaps the most significant, he'd ever cast -- and that it would mark the same for each senator on the call, two people familiar with the call told CNN.

But this intraparty split will carry over to other questions. As Trump weighs in, unbound by any sort of official responsibility, his sway over the party will be tested.

President Trump's tweets in favor of $2,000 stimulus checks got several GOP senators to endorse the idea, although McConnell effectively killed it.

When former President Trump tweets in favor of something, will Republicans pay attention?

There will be a reckoning over the President's Twitter account. Even after he's left office, the President will have access to his Twitter account. It's been his preferred mode of communication while in office. The problem for the soon-to-be former President is that he may not be given the same deference by social media companies out of office as he's been given as leader of the free world.

Twitter and Facebook have taken to marking as suspect the posts in which he spreads outright falsehoods about his election loss, but it may soon become difficult for those companies to justify allowing him to spread them at all.

Accounts have been suspended for less than what Trump does on a daily basis and the social media companies will come under immediate pressure to censure Trump, perhaps by suspending his account.

The effects of such a move, were it to occur, would be interesting not only to see if his power to influence is clipped without his platform, but also to hasten GOP scrutiny of "Section 230," a provision of telecom law that separates the companies from the content users publish on their sites.

There will be a split among Democrats. It's much easier to be united in pursuit of power than it is to stay united in power. Trump, to his credit, was able to effectively marshal Republicans, often through fear and bullying, during his time in office. As president, it's unlikely Biden will use those same tactics. And he'll have to contend with progressives on the left who want more attention to big problems like climate change and inequality that require systemic change the moderates in his party have less interest in pursuing. A year from now, it will be much easier for Republicans to focus on Biden's policies -- and he's likely to be a relatively moderate president -- in a way to aggravate and turn off progressives. Vermont Sen. Bernie Sanders won't quietly let Biden take the moderate route. Neither will Massachusetts Sen. Elizabeth Warren, New York Rep. Alexandria Ocasio-Cortez or the Congressional Black Caucus.

The proof of these divides is already evident in the scrutiny Biden has faced from progressives in the selection of his Cabinet.

His ability to navigate the demands of the groups that rallied behind his campaign, and navigate around Republican obstruction, will determine whether he can get anything done in the White House.

There will be a majority in the Senate. We just don't know yet which party will have it. That depends on what happens in Georgia's twin US Senate runoffs Tuesday. If the two Republican incumbents -- Sens. David Perdue and Kelly Loeffler -- win, Republicans will have 51 votes and control access to the Senate floor. Given McConnell's expertise in obstruction and interest in the 2022 midterms, a 51-seat majority could be Biden's biggest presidential headache. If the Democratic challengers -- Jon Ossoff and Raphael Warnock -- win, the resulting 50-50 tie won't give Democrats much wiggle room to pass legislation, but it will give them the ability to get measures on the Senate floor with Vice President-elect Kamala Harris able to break ties as president of the Senate.

There will be so much more Covid. The beginning of Biden's presidency will likely be judged more for what he does to kickstart the use of Covid vaccines than for any large policy proposals. The country is at war with the disease and, as he prepares to take office, thousands of Americans are dying each day. He's promised to "move heaven and earth" to get vaccines out to Americans, something more easily said than done as he navigates public skepticism of vaccines.

There will be something new. Think back to the beginning of 2020, when Covid was not yet known to be in the country, and the overriding political story was the historic impeachment of Trump for pressuring foreign governments to help him taint Biden.

One year later, those words seem like something from a different era. Covid rages, impeachment feels like a footnote to history and, rather than suffer Trump's sabotage, Biden will soon be president.

The coming year is sure to include its own twists, and our collective view of this strange and tumultuous period will change as it's stretched through time and perspective.

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It's a new year but the politics of 2020 isn't going away - CNN
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The Spot: The best, worst, dumbest and weirdest of Colorado politics in 2020 - The Denver Post

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For people, policy and Colorado politics

What’s The Spot? You’re reading an installment of our weekly politics newsletter. Sign up here to get it delivered straight in your inbox.


In a small, dwindling number of hours, 2020 will end. Nothing can be said of it that has not already been said of roaches, rotten eggs and root canals, so let’s leave it at that and dive right in: Here is the best, worst, dumbest and weirdest of Colorado politics in that no good, very bad year, as compiled by reporter Justin Wingerter in consultation with several political observers.

Best federal campaign: Lauren Boebert

When you’re a millennial high school dropout with no political experience and little money who manages to beat a five-term incumbent congressman by 10 percentage points, you’ve earned this superlative. No contest.

“Lauren Boebert accomplished something no Colorado candidate had done since 1972, unseating an incumbent member of Congress in a primary election,” said Dick Wadhams, a former chair of the Colorado Republican Party. “Even though Trump endorsed five-term Congressman Scott Tipton, she convinced Third District primary voters she was the real Trump candidate.”

With a potent Trumpian mix of social media bombast, ultra-conservative platitudes and an unfailing ability to bring attention to herself, Boebert shocked Tipton on June 30. Then she won a general election contest against the far more politically experienced Diane Mitsch Bush on Nov. 3, making her a rising Republican star in Colorado — albeit one who since winning her election has made the biggest wave by backing outgoing President Donald Trump’s attempts to cast doubt on his loss.

Worst campaign: Scott Tipton

When you’re a five-term incumbent congressman who lost to a millennial high school dropout with no political experience and little money by 10 percentage points, you’ve earned this superlative. No contest.

“It would be inaccurate to say that Scott Tipton and his campaign team fell asleep; they were in a coma,” says Jason Bane of Colorado Pols, a Democratic blog.

Aside from sending a few mailers bashing Boebert, Tipton never seemed to acknowledge he had a primary challenger. He skipped forums and did not run TV or radio ads. Then he lost. Badly. There’s not much more to say about Tipton’s campaign because, well, there wasn’t much of a Tipton campaign.

Best legislative campaign: Kevin Priola

The state senator, a Republican from Henderson, continues to defy expectations, demographics and his party’s decline in the state. How? By combining dawn-to-dusk door knocking with a centrist, bipartisan record. The result was a two-point victory in an otherwise Democratic Adams County district.

Both parties poured massive amounts of money into the legislative race, and Democrats attacked Priola on several fronts. But just as in 2016, when Priola first ran and won, the Republican held on, sketching out a blueprint for how Republicans can be victorious in Colorado’s moderately Democratic areas.

“He went door-to-door in the middle of a pandemic and made the case for reelection despite a brutal barrage from progressive interests and a real lack of quality air support from right-wing outside groups,” said Ian Silverii, executive director of Progress Now Colorado. “Priola is a household name in Adams County to be sure, and that gave him a good head start, but running against that many headwinds and still eking out a victory deserves recognition.”

Best local government campaign: Alexis King

Since 2004, district attorneys in the 1st Judicial District (Jefferson and Gilpin counties) have been Republican. Four years ago, Republican Pete Weir won by a solid seven percentage points. Four years before that, Democrats didn’t even nominate a candidate.

Skip ahead to November. Alexis King, a reform-minded Democrat, faced Matthew Durkin, a Republican with decades of experience and the endorsement of The Post. She won by nearly 10 points, a 17-point party swing from 2016, and will be the first woman to hold the position of top prosecutor in the 1st Judicial District.

Best ad: Andrew Romanoff, “Clean Up

This mid-June ad from the Democratic candidate for U.S. Senate was eye-catching, memorable, and accurate. It used former Gov. John Hickenlooper’s famous 2010 shower ad to brutal effect and encapsulated the Senate contender’s awful June in a punchy 30 seconds.

So much so that Colorado’s Democratic establishment rushed to Hickenlooper’s aid. Angrier than mosquitoes in a mannequin factory, they issued statement after sanctimonious statement, decrying the attack ad as too mean.

Worst ad: Giffords, “You Know Who

This August spot from the gun control group features a man we are told is Republican U.S. Sen. Cory Gardner but who looks more like an overweight Jeff Daniels. Setting aside the fact that guns were not a top issue for voters (this was August 2020), the supposed purpose of the ad — to criticize Gardner for opposing background checks — is lost in strange imagery, like chest hair coming through MAGA pajamas.

Worst political blunder (tie): Hancock’s travel

Denver Mayor Michael Hancock’s decision to travel for Thanksgiving, after telling Denverites and city staff not to, was immediately criticized by public health officials and politicians in both major political parties. Democrats distanced themselves while Republicans and anti-shutdown conservatives had a field day with it — for weeks.

Worst political blunder (tie): Hick’s contempt

In a slew of unforced errors just weeks before his June primary election, John Hickenlooper refused to appear at a virtual hearing of the Independent Ethics Commission, fought a subpoena in court, lost in court, still refused to comply with the subpoena, and was held in contempt, all because he didn’t like virtual hearings.

His decisions, and those of his lawyers, generated weeks of bad headlines and Republican ad material while accomplishing absolutely nothing. In the end, Hickenlooper still had to testify about his multiple gift ban violations. The virtual format he wasted time and taxpayer money fighting worked just fine after all.

“Because of Hick’s own arrogance, resources national Democrats could have deployed elsewhere were instead poured into the primary to rescue his campaign,” says Kyle Kohli with Compass Colorado, a conservative group.

Despite himself, Hickenlooper pulled off wins against Romanoff and then Gardner.

Greatest sacrifice for a campaign: Teddy Hickenlooper

Look, no teenager playing hoops in the driveway wants to go up for a fadeaway only to be blocked by his or her 68-year-old dad. Much respect to Teddy Hickenlooper for enduring that indignity in aid of his father’s U.S. Senate campaign.

In May, the Hickenlooper campaign posted a video of its candidate swatting Teddy’s shot, walking over to a camera and vowing to “block Mitch McConnell from the chokehold he has on the U.S. Senate.” The video was mocked by some — including Texas Sen. Ted Cruz — but proved popular, racking up hundreds of thousands of views.

Need more 2020 politics?

Here’s our list of the top 10 political stories of the year.

One more thing, Spot readers: Please take the quick survey you received from us via email on Tuesday — we’d love your feedback! If you have ideas for new content or suggestions to improve The Spot, let us know.

Thank you, and happy New Year!


As always, forward this newsletter to your colleagues and encourage them to sign up. And to support the important journalism we do, you can become a Denver Post subscriber here.

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December 31, 2020 at 10:00PM
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Missing Just a Few of the Best Stock Market Days Could Cost You Big - Motley Fool

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You may have heard that timing the market is a losing game and that most investors can't successfully do it. Knowing this is one thing, but it might not stop you from attempting it.

Before you try to time the market, you should understand that there's more at stake than just missing the bottom of a crash or the top of a bull run. And over the years, trying to time the market can cost you a lot of money. Here's how much.

Bronze bear and bull figures staring at each other.

Image source: Getty Images.

Investing can be emotional 

When you invest, you're usually doing it with an end goal in mind. Maybe that goal is retirement, or perhaps you're saving so that you can buy a new home. Investing during bull markets when prices are increasing can make you feel successful, as you see the value of your investments grow -- and your financial security isn't in danger. The better the stock market does, the more fun you have participating in it so you buy new investments, even as they become more expensive.

Investing during a bear market may give you different emotions like anxiety or fear. Because you plan on eventually using your money, watching it decline in value during a down market cycle can be very difficult. It may even set off some panic alarms. If they ring loud enough and the threat to your livelihood seems imminent, it may make you react emotionally and sell out of your investments. 

This method of investing may feel good, but is the exact opposite of what you should do. Instead of buying when investments are trading at low prices and selling them when they're trading at high prices, you're buying in at high prices and selling them when they've tanked. Additionally, you may think that selling out of your investments will prevent you from losing money. But the time you spend out of the market may make you miss out on some very important trading days, which can cost you a lot.

How much exactly? 

JPMorgan's asset management arm has put an exact price to these missed days in its Guide to Retirement report. If you invested $10,000 into the S&P 500 on Jan. 3, 2000 and left it completely invested until Dec. 31, 2019, you would've received an average annual return of just over 6%. Your $10,000 would've grown to $32,421.

This 20-year period of time includes roughly 5,000 days during which the stock market was open. But as the table below shows, if you missed just the 10 best days out of those 5,000, you'd have less than half as much money. Miss the best 20 days, and you'd barely have made any money at all over 20 years, and you'd have lost money if you missed more winning days.

Time Invested Since Jan. 3, 2000 Dollar Value  Annualized Performance
Fully invested into S&P 500 $32,421 6.06%

Missed 10 best days 

$16,180 2.44%

Missed 20 best days

$10,176 0.08%

Missed 30 best days 

$6,749 (1.95%)

Missed 40 best days 

$4,607 (3.8%)

Missed 50 best days

$3,246

(5.47%)

Missed 60 best days

$2,331 (7.02%)

Data source: JPMorgan.

What's the cause?

Beating the stock market is hard. When you're out of the market, you might feel safer, but you risk missing out on huge gains.

For example, the stock market bottomed out on March 23, 2020. If you'd been waiting for the perfect investment opportunity and delayed putting money in because you believed that the stock market would further decline, you would've missed out on about 67% worth of market returns from the bottom.

If and when you time the market correctly, it can be exciting. But the risk of getting it wrong is much greater. No one can be 100% certain of what the stock market is going to do. Because of this, time in the market is more important than timing the market. Instead of playing this guessing game, focus on using strategies like asset allocation and diversification. They will help reduce your portfolio risk, potentially enhance your returns, and help you stay invested for the long term.

 

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December 31, 2020 at 09:32PM
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Live politics updates: Trump to return to DC early, GOP senator says he's 'playing with fire' in contesting election - USA TODAY

Markets started 2020 riding high, and they'll end it even higher - CNN

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Stocks opened mixed on Thursday, the last trading day of the year. The Dow (INDU) was flat, after finishing at a record high Wednesday, and the broader S&P 500 (SPX) was also little changed. The Nasdaq Composite (COMP) opened 0.1% higher.
The S&P and Nasdaq are also near all-time highs, notching their latest record on Monday. All three indexes stand to end the year with gains. For the Nasdaq, it is shaping up to be the best year since 2009.
At the start of 2020, investors worried the market might have less tailwind as the Fed stopped cutting interest rates and the economic jolt from the Trump tax cuts ran out. On top of that, the US-China trade deal still hung in the balance. But little did they know they were about to fall off a cliff.
After hitting record highs at the start of the year, the market began to quiver in fear of the coronavirus pandemic in February and deepened its selloff in March as lockdown measures took hold across the Unites States. The Dow routinely set new records for its biggest one-day point drops in history, and the New York Stocks Exchange had to suspend trading in the S&P 500 multiple times because the index plummeted too fast.
But in the months that followed, as the economic pain from the pandemic continued, the stock market recovered faster than many expected.
"This year was a year with a lot of reminders for investors: number one, don't overreact," Leo Grohowski, chief investment officer at BNY Wealth Management, told CNN Business.
As the market roared back from its steep March losses, investors who had panicked and pulled their money lost out on the rally.
The length and strength of the stock market rally was one of the most surprising parts of the year for investors. People will look back at this year and wonder how such market records could have been reached against the backdrop of unprecedented economic hardship, said JJ Kinahan, chief strategist at TD Ameritrade.
The lesson: "Wall Street just isn't reflecting main street," Kinahan said. "But the other part of this is that there is also no main street stock market."
Indeed,companies that ended up gaining market share during the pandemic, such as Amazon (AMZN) and Walmart (WMT), were already enormous businesses before Covid-19. Meanwhile, smaller businesses and mom-and-pop stores were, and still are, in a very different situation.

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How Politics, Protests and the Pandemic Shaped a Year in Books - The New York Times

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From “American Dirt” to “Apropos of Nothing” to “A Promised Land,” here is what happened in the literary and publishing world’s unforgettable 2020.

The year in books, like the year everywhere else, was a simultaneously breakneck and slow-motion mixture of exhaustion, peril, controversy, inspiration and resilience.

Its main themes in the United States were very much those found in the culture as a whole: the brutal effects of a pandemic, the protests and conversations about racial justice, and the final year of the Trump administration. As these profound and prolonged trends affected the literary world, more discrete but still significant moments were happening all the while. Here’s a (more or less) chronological recap of an unforgettable literary year.

The publishing year began with a cautionary tale about buzz. Jeanine Cummins’s third novel, “American Dirt,” about a Mexican mother and son who flee their country for the United States after a drug cartel kills their family, was published with great commercial and critical expectations. The commercial part worked out.

Before the book was even available in stores, several writers accused Ms. Cummins, who identifies as white and Latina but is not Mexican, of exploiting the traumatic experiences of migrants for her fast-paced novel. Oprah Winfrey chose the novel for her book club, placing the book and its critics under an even more intense spotlight.

“It was an extraordinary convergence of forces,” The Times’s Jennifer Schuessler and Alexandra Alter reported in January. “Industry hype meets charges of cultural appropriation meets one of the most combustible political issues in America today, immigration.” In her review of the novel, The Times’s Parul Sehgal wrote: “I’m of the persuasion that fiction necessarily, even rather beautifully, requires imagining an ‘other’ of some kind.” But, she continued, “the caveat is to do this work of representation responsibly, and well,” and this particular book’s shortcomings “have little to do with the writer’s identity and everything to do with her abilities as a novelist.”

Alfred A. Knopf, the august literary imprint that is now part of Penguin Random House, was founded in 1915. Until this year, it has had only three editors in chief in its history: its founder and namesake; Robert Gottlieb, his successor; and Sonny Mehta, who had presided in the role for 32 years and died at 77 in December 2019. In January, Reagan Arthur was named the fourth.

Arthur had previously been the publisher at Little, Brown, where the writers in her stable included Kate Atkinson, Michael Connelly, Rachel Cusk, Malcolm Gladwell and David Sedaris.

Given that both “Wolf Hall” and “Bring Up the Bodies,” the first two volumes of Hilary Mantel’s Tudor-era trilogy, won the Booker Prize, anticipation was high for the third and concluding book, “The Mirror and the Light.” Nearly 800 pages, it was published in February, a couple of years after initially planned, to the consternation of some impatient fans. “The reason it took so long is that it’s difficult, and that is a totally sufficient explanation,” Mantel told The Times.

Hilary Mantel’s book “The Mirror and the Light” came out in February.
Ellie Smith for The New York Times

“The Mirror and the Light” is about the last four years in the life of Mantel’s protagonist, Thomas Cromwell, as he reaches the height of his influence and power in Henry VIII’s court before being — historical spoiler alert — beheaded.

Parul Sehgal called it a “triumphant capstone” to the trilogy, though the “slackest” of the three novels. Thomas Mallon called the trilogy “probably the greatest historical fiction accomplishment of the past decade,” but felt that in the third book, “the enterprise, like Henry, has put on weight and self-importance.” The novel did not win Mantel her third Booker, but it was longlisted for the prize.

Announcing and publishing a book can be a slow business. Not in this case. The controversy around Woody Allen’s autobiography, “Apropos of Nothing,” crammed a year’s worth of drama into three weeks.

On March 2, Hachette Book Group said it would publish the filmmaker’s book in April under its Grand Central imprint. Three days later, dozens of Hachette employees staged a walkout to protest the company’s decision because of the allegations that Mr. Allen molested his adopted daughter Dylan Farrow. He has denied the accusations and wasn’t charged after two investigations decades ago. The next day, Hachette said it wouldn’t publish the book and would return all rights to it to Mr. Allen. Two weeks later, the book was published by Arcade, an imprint of the independent publisher Skyhorse.

The end result? The book itself didn’t make much of a splash. The Times’s Dwight Garner, in his review, called it a “sometimes appealing, occasionally funny, sad and somewhat tawdry book” that, as it goes on, “begins to make the clicking sound cars do when the battery has expired.”

For the publishing industry, the London Book Fair was the canary in the coal mine that was 2020. Organizers called off the annual event on March 4, the same week that major book fairs were canceled in France, Germany and Italy. BookExpo, the biggest industry event in the United States, staged a modified version of the event online in late May.

Around that time, the event’s director said that the future was unclear, and that “if anyone thinks we’re going to go ‘back to normal’ and everything will be as it was, they’re kidding themselves.” And indeed, Reed Exhibitions announced in December that the 2021 event was canceled, and that the company would spend time envisioning what a continuing fair might look like.

When booksellers closed up shop in mid-March in the face of the pandemic and Amazon briefly made shipment of books a lower priority, publishers had some very quick decisions to make.

Hundreds of books originally scheduled to come out in the spring and summer were pushed to the fall or even to 2021, while publishers hoped that stores (and the world in general) would have made some important adjustments to our new reality by then.

Brittainy Newman/The New York Times

Book sales in the United States fell more than 8 percent in March compared with the same month in 2019. While publishers ended 2020 in unexpectedly strong shape, most book sales were not through independent bookstores, which continued to struggle throughout the crisis.

With stores closed and the country’s attention occupied by the news, writers — perhaps especially debut novelists — had to get creative in spreading the word about their work.

“The book is not prophecy,” Lawrence Wright wrote about his novel “The End of October,” “but its appearance in the middle of the worst pandemic in living memory is not entirely coincidental either.”

Mr. Wright’s imagination was inspired by the global outbreak of SARS in 2003 and the historical memory of the Spanish flu of 1918. A prizewinning nonfiction writer, he consulted scientists and health care workers in order to write a realistic thriller about the rapid spread of a flu pandemic.

Dwight Garner, in his review, said that Wright’s research was put to good use, resulting in a rare specimen: a “sweeping, authoritative and genuinely intelligent thriller.” (Wright’s 31,000-word reported account of the coronavirus takes up most of the current issue of The New Yorker.)

In late May, in the wake of the killing of George Floyd, Americans marched in the streets to protest racism and police brutality. Social upheaval and conversations about the nation’s conscience reached a pitch reminiscent of the 1960s.

The literary world reflected this in many ways. By the early days of June, best-seller lists were filled with recent books about race, like “How to Be an Antiracist,” by Ibram X. Kendi, and “So You Want to Talk About Race,” by Ijeoma Oluo, as well as books published a decade or more ago, including “The New Jim Crow,” by Michelle Alexander.

Around the same time in June, writers on social media began using a hashtag, #PublishingPaidMe, to draw attention not just to the homogeneity of the publishing industry but how much writers of color are (or are not) paid. Jesmyn Ward wrote that she “fought and fought” for her first $100,000 advance, even after her novel “Salvage the Bones” had won a National Book Award in 2011.

The Times spoke to an author, literary agent, marketer, publicist, editors and booksellers about how being Black affects their careers and the books you read. And we asked writers to share with us the histories, novels and poetry that have done the most to deepen their understanding of race and racism in America.

In July, Dana Canedy, a former New York Times editor and the administrator of the Pulitzer Prizes, became the new publisher of Simon & Schuster and the first Black person to lead a major publishing house. And Lisa Lucas, the former executive director of the National Book Foundation, was named the publisher of Pantheon and Schocken Books. Other hires and structural changes in 2020 suggested that the industry was moving past lip service in its efforts to increase diversity.

“There’s a certain comfort that comes from knowing a fact,” Alex Trebek told The Times’s Alexandra Alter in July. “The sun is up in the sky. There’s nothing you can say that’s going to change that. You can’t say, ‘The sun’s not up there, there’s no sky.’ There is reality, and there’s nothing wrong with accepting reality.”

Trebek had publicly accepted the reality of his struggles with advanced pancreatic cancer, and this year he published a moving memoir, “The Answer Is …” Parul Sehgal called it “a friendly, often funny account marked by a reluctance so deep that it confers a curious integrity upon the celebrity tell-all.” Trebek died at 80 in November.

In a development that some had predicted when publishers moved their spring books to later in the year, backlogs at major printers caused havoc as the newly crowded fall arrived.

More than 1,200 books about President Trump have been published during his term in office, and readers have essentially said: Keep ’em coming. Some of the most high-profile this year included his niece Mary L. Trump’s “Too Much and Never Enough” and the former national security adviser John Bolton’s “The Room Where It Happened.”

“No matter what your political position, there’s really no doubt that the strong feelings around the Trump administration have pushed book sales in a way we’ve never seen before in the political arena,” Kristen McLean, an executive at NPD Books, a market research firm, told The Times in August.

Jessica White/The New York Times

The book sales are likely to stay, even if Trump won’t. Publishers are signing up the next wave of books about the administration. “People say, ‘Well, there have been too many Trump books,’” Ann Godoff, Penguin’s president and editor in chief, said. “I think you haven’t seen anything yet, and the reason for that is the sources are going to come loose; they’re going to be freer to talk.”

On Oct. 8, the American poet Louise Glück was awarded the Nobel Prize in Literature. “Louise Glück’s voice is unmistakable,” Anders Olsson, the chair of the prize-giving committee said. “It is candid and uncompromising, and it signals this poet wants to be understood.” He also said her voice was “full of humor and biting wit.”

In an interview with The Times, Glück said: “It seemed to be extremely unlikely that I would ever have this particular event to deal with in my life.”

“It’s part of her greatness,” Dwight Garner wrote, “that her poems are relatively easy of access while impossible to utterly get to the bottom of. They have echoing meanings; you can tangle with them for a very long time.”

Near the end of a challenging year, booksellers were as eager as readers for Barack Obama’s highly anticipated “A Promised Land.” Obama had planned to write a memoir about his presidency within a year or so of leaving office. Instead, he took nearly four years to produce what is just the first of what will now be two volumes.

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In her review, The Times’s Jennifer Szalai said that the book offers “frank confessions of his own uncertainties and doubts. At a time of grandiose mythologizing, he marshals his considerable storytelling skills to demythologize himself.” And in the Book Review, Chimamanda Ngozi Adichie wrote: “For all his ruthless self-assessment, there is very little of what the best memoirs bring: true self-revelation. So much is still at a polished remove.”

The same week Obama’s memoir was published, the National Book Awards and the Booker Prize announced their winners for 2020. Charles Yu took home the National Book Award for fiction for “Interior Chinatown,” his sendup of Hollywood and Asian-American stereotypes. The nonfiction prize went to “The Dead Are Arising: The Life of Malcolm X,” a biography by Les Payne and his daughter Tamara Payne, who finished the book after her father’s death in 2018.

The Booker Prize was awarded to Douglas Stuart for “Shuggie Bain,” which was also a finalist for the National Book Award. Stuart began writing the book, an autobiographical novel about a boy and his single, alcoholic mother in 1980s Glasgow, when he was a senior director of design at Banana Republic.

The world’s largest publisher, Penguin Random House, agreed in late November to acquire Simon & Schuster, the third largest publisher, for more than $2 billion from ViacomCBS. The move arrived after a decade already rife with consolidation in the industry.

The Authors Guild opposed the sale, writing in a statement: “The number of large mainstream publishing houses will go from five to just four, further reducing competition in an already sparse competitive environment.”

Markus Dohle, the chief executive of Penguin Random House, said that concerns about the deal’s possible effects on competition were based on “politics and perception,” not data. “We are very confident we’ll get clearance for the deal,” he said.

In a year far too suffused with loss, the world of books said goodbye to its share of admired figures. Here are just a few of them, with links to their full Times obituaries.

Elizabeth Wurtzel, Mary Higgins Clark, Alice Mayhew, George Steiner, Charles Portis, Clive Cussler, Tomie dePaola, Patricia Bosworth, Carolyn Reidy, Larry Kramer, Pete Hamill, Gail Sheehy, Shere Hite, Stanley Crouch, Harold Evans, Diane di Prima, Jan Morris, Alison Lurie, John le Carré, Anthony Veasna So; Barry Lopez.

Follow New York Times Books on Facebook, Twitter and Instagram, sign up for our newsletter or our literary calendar. And listen to us on the Book Review podcast.

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Lessons From a Crazy Year in Financial Markets - The Wall Street Journal

5 things to know before the stock market opens Thursday - CNBC

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1. Last trading day of 2020 on Wall Street

Ornaments on the New York Stock Exchange (NYSE) holiday tree at Wall Street on December 9, 2020 in New York City.
Angela Weiss | AFP | Getty Images

The stock market is poised to wrap up a tumultuous 2020 that showed surprisingly strong gains.

Stock futures were mixed Thursday. Heading into the final session of 2020, the S&P 500 has risen 15.5% after soaring 70% from its March pandemic low. The Dow Jones Industrial Average has gained 6.6% year to date, while the Nasdaq Composite has rallied more than 43% as investors favored high-growth technology companies during the pandemic.

2. Jobless claims come in below estimates

A help wanted sign is posted at a taco stand in Solana Beach, California.
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The number of first-time unemployment-benefits filers totaled 787,000 for the week ending Dec. 26, the Labor Department said Thursday. Economists polled by Dow Jones were expecting 828,000.

Still, the number remained well above pre-pandemic levels. Those receiving benefits under all unemployment programs dropped by nearly 800,000 to 19.6 million, but that compares with 1.8 million a year ago.

3. Europe shares post yearly losses of 3.8%

A European Union (EU) flies alongside a British Union flag, also known as a Union Jack in London.
Jason Alden | Bloomberg Creative Photos | Getty Images

European markets, which closed early on Thursday, logged modest losses for 2020. The pan-European Stoxx 600 index closed 0.14% lower on New Year's Eve after a shorter trading session, bringing its 2020 losses to 3.8%. The worst-performing market in the region has been Spain's IBEX, down 15% this year.

4. California has identified its first case of mutant Covid strain found in U.K.

Gavin Newsom, governor of California, speaks during a news conference in Sacramento, California
Rich Pedroncelli | Bloomberg | Getty Images

California health officials have identified the state's first case of a new and more infectious strain of Covid-19 that was initially discovered in the United Kingdom. The patient is a 30-year-old man in San Diego County who began showing symptoms on Sunday, county officials confirmed Wednesday.

"I don't think that the Californians should feel that this is something odd. This is something that's expected," White House coronavirus advisor Dr. Anthony Fauci said Wednesday during a live Q&A session with California Gov. Gavin Newsom. Fauci said other states will likely soon identify their own cases of the new strain. The first confirmed case of the strain in the United States was found in Colorado, the state announced Tuesday.

5. U.S. slaps tariffs on French and German wines, aircraft parts

Qantas A380 taking off on runway in Saxony, Dresden on Aug. 21, 2020
Tino Plunert | picture alliance | Getty Images

U.S. trade officials said Wednesday they were hiking tariffs on certain European Union products, including aircraft-related parts and wines from France and Germany.

The move came amid a 16-year U.S.-EU dispute over civil aviation subsidies involving European aircraft company Airbus and its U.S.-based rival Boeing.

In a statement, the Office of the U.S. Trade Representative said the EU had unfairly calculated tariffs against the U.S. that are allowed by a September World Trade Organization ruling in the ongoing dispute: "The EU needs to take some measure to compensate for this unfairness."

— Follow all the developments on Wall Street in real time with CNBC Pro's live markets blog. Get the latest on the pandemic with our coronavirus blog.

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News Brief: Politics Of Relief, Ariz. COVID-19 Surge, Census Delay - NPR

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Senate leadership rules out sending standalone $2,000 checks to U.S. workers. Arizona grapples with second highest COVID-19 rate in the nation. And, the Census Bureau will miss year-end deadline.

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Is the Stock Market Closed Today? Here Are the Hours for New Year’s Eve and Day. - Barron's

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Times Square in New York City on Tuesday.

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We’re almost there—2020 is nearly in the books. The past year will likely prove unforgettable, though mostly for the wrong reasons. The Covid-19 pandemic has touched every aspect of life.

Small businesses, forced to close and limit capacity to slow the spread of the virus, have been hammered. The same is true for travel and leisure firms, as well as movie theaters and other live-event businesses.

For investors, the past 12 months included a record for stocks, followed by a bear market, then another record high. A lot went on in between, including trillions of dollars in government aid and historic intervention from the Federal Reserve. Meanwhile, e-commerce stocks, technology firms that facilitate working from home, and at-home entertainment stocks have flourished.

For now, investors will get some much-needed time off for New Year’s Day.

Are the markets open on New Year’s Eve 2020? Are they closed on New Year’s Day 2021?

The New York Stock Exchange and Nasdaq are open for New Year’s Eve, but will be closed on Jan. 1. The same is true for U.S. over-the-counter markets. U.S. bond markets will close at 2 p.m. on Dec. 31, and all day on New Year’s Day.

Will international markets be closed on New Year’s Eve? How about New Year’s Day?

The Toronto Stock Exchange will close at 1 p.m. EST on New Year’s Eve, and for the day on Jan. 1. The London Stock Exchange will close at 12:30 GMT on New Year’s Eve.

The Hong Kong stock exchange will close at noon local time on New Year’s Eve, and be closed on Jan. 1. The Shanghai Stock Exchange will be open on Dec. 31, but close Jan. 1. The Tokyo Stock Exchange will be closed on both days.

What should I expect in the year ahead?

The past 12 months have proved, if more proof was needed, there is much you can’t predict. Investors are looking ahead to the new year with some optimism, based on hope that vaccines can put an end to the pandemic.

Earlier this month, Barron’s published our annual survey of market strategists and chief investment officers at large banks and money-management firms. The 10 experts have year-end 2021 S&P 500 forecasts that range from 3800 to 4400. The average implied gain is 9%, or 10% to 11% when including expected dividends.

Looking at stocks, Barron’s highlighted Berkshire Hathaway (BRK. B), Google’s parent Alphabet (GOOGL), Apple (AAPL), Coca-Cola (KO), Merck (MRK), Goldman Sachs Group (GS), and Newmont (NEM).

As of Wednesday’s close, the S&P 500 index had risen 15.5% to 3732.04 in 2020. Here’s hoping 2021 proves to be happier and healthier.

Write to Connor Smith at connor.smith@barrons.com

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Global $5.73 Billion Exoskeleton Market Forecasts to 2027 - GlobeNewswire

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Dublin, Dec. 31, 2020 (GLOBE NEWSWIRE) -- The "Exoskeleton Market Share, Growth & Analysis By Mobility Type, By End-User, By Type, By Technology, By Anatomy, Segment Forecasts To 2027" report has been added to ResearchAndMarkets.com's offering.

Rising incidences of patients with body movement disorders such as multiple sclerosis, Parkinson's disease, and strokes are major factors influencing the market growth.

Market Size-USD 310 million in 2019, Market Growth-CAGR of 43.4 %, Market Trends-Increase in disposable income and rising health concerns

The Exoskeleton Market is expected to reach USD 5.73 Billion by 2027

This can be mainly associated with the increasing number of patients with body movement disorders, such as multiple sclerosis, Parkinson's disease, and strokes. This would increase the need to study and ensure the safety of targeted and specific therapies, circumvent potential shortcomings, and evaluate their outcomes. As a result of their high effectiveness, many military and healthcare companies are including exoskeleton devices to offer highly effective results to the large population experiencing target diseases.

The exoskeleton is an external skeleton that provides protection and support to an animal's body, unlike the internal skeleton or endoskeleton in humans. In practice, some of the more essential kinds of exoskeletons are known as "shells." Exoskeletons are located on the user's body and act as amplifiers that increase, strengthen, or restore human performance. The opposite would be an automatic prosthetic, such as a robotic leg or arm that substitutes the original body part.

Accelerated growth in healthcare industries, increasing prevalence of chronic diseases, rise in population, rise in R&D investment in life sciences, increasing number of innovative product launches, and technological advancements in healthcare industries are some important factors for market growth in North America. The region is estimated to account for the largest share of 22.3% of the market in 2019.

Further key findings from the report suggest

  • The electric actuator technology segment is expected to grow at a rate of 43.4% during the forecast period.
  • The largest share of electric actuators technology is due to its low cost over pneumatic or hydraulic actuators and their accurate control of acceleration, speed, and position.
  • The emergence of a large number of commercialized electric actuators is another critical factor anticipated to boost the market share in the coming years.
  • The stationary exoskeleton segment accounts for a market share of 45.6% in 2019.
  • Due to the predominance of a vast number of new entrants, established manufacturers, and suppliers in the market, the industry is extremely competitive.
  • Important factors for the growth of the segment are the rising predominance of spinal cord injuries (SCIs) and increasing usage of stationary type in rehabilitation.
  • The increasing predominance of nervous system trauma is one of the crucial factors expected to drive the application of exoskeletons in the healthcare industry.
  • The healthcare end-user segment is expected to grow at a rate of 43.4% during the forecast period.
  • Patients suffering from SCI (spinal cord injuries) are one of the principal end-users of these products.
  • There has been an improvement in the adoption of these devices for disabled and elderly patients in rehabilitation therapies.
  • The importance of exoskeletons in the military, helping injured soldiers in movement, and lifting heavy objects is also a key factor for growth.
  • Asia Pacific is forecast to witness the fastest CAGR of 43.6% during the forecast period. Rising healthcare expenditure and increasing concerns due to the various benefits of these tools are significant growth drivers for the market in this region.
  • Economic development, coupled with continually increasing per capita healthcare investment in emerging countries, such as India, China, and Singapore, is expected to create high growth opportunities.
  • Innovations and technological trends in treatment and increased healthcare facilities are expected to drive the growth further
  • Key participants include Lockheed Martin Corporation, ReWalk Robotics, Parker Hannifin, REX Bionics, Ekso Bionics, ATOUN Inc., Cyberdyne, Hocoma, Wandercraft, Revision Military, and Honda Motor Co. Ltd.

Key Topics Covered:

Chapter 1. Market Synopsis
1.1. Market Definition
1.2. Research Scope & Premise
1.3. Methodology
1.4. Market Estimation Technique

Chapter 2. Executive Summary
2.1. Summary Snapshot, 2018-2026

Chapter 3. Indicative Metrics

Chapter 4. Exoskeleton Market Segmentation & Impact Analysis
4.1. Exoskeleton Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
4.2.2.1. Technology advancement
4.2.2.2. Growing demand for robotic rehabilitation from healthcare sector
4.2.2.3. High R&D investment for development of the exoskeleton technology
4.2.3. Market restraints analysis
4.2.3.1. Stringent government regulations
4.3. Technological Insights
4.4. Regulatory Framework
4.5. ETOP Analysis
4.6. Porter's Five Forces Analysis
4.7. Competitive Metric Space Analysis
4.8. Price trend Analysis

Chapter 5. Exoskeleton Market By Mobility Type Insights & Trends
5.1. Mobility Type Dynamics & Market Share, 2019&2026
5.2. Mobile Exoskeleton
5.3. Stationary Exoskeleton

Chapter 6. Exoskeleton Market By Technology Insights & Trends
6.1. Technology Dynamics & Market Share, 2019 &2026
6.2. Electric Actuator
6.3. Fuel Cell
6.4. Pneumatic Actuator
6.5. Hydraulic
6.6. Electric Servo
6.7. Shape Memory Alloy Actuator

Chapter 7. Exoskeleton Market By End User Insights & Trends
7.1. End User Dynamics & Market Share, 2019 &2026
7.2. Healthcare
7.3. Military & defense
7.4. Industrial
7.5. Others

Chapter 8. Exoskeleton Market By Type Insights & Trends
8.1. Type Dynamics & Market Share, 2019 &2026
8.2. Powered
8.3. Passive

Chapter 9. Exoskeleton Market By Anatomy Insights & Trends
9.1. Anatomy Dynamics & Market Share, 2019 & 2026
9.2. Lower Body
9.3. Full Body
9.4. Upper Body

Chapter 10. Exoskeleton Market By Regional Outlook

Chapter 11. Competitive Landscape
11.1. Market Revenue Share By Manufacturers
11.2. Manufacturing Cost Breakdown Analysis
11.3. Mergers & Acquisitions
11.4. Market positioning
11.5. Strategy Benchmarking
11.6. Vendor Landscape

Chapter 12. Company Profiles

  • Lockheed Martin Corporation
  • ReWalk Robotics
  • Parker Hannifin
  • REX Bionics
  • Ekso Bionics
  • ATOUN Inc.
  • Cyberdyne
  • Hocoma
  • Wandercraft
  • Revision Military
  • Honda Motor Co. Ltd.

For more information about this report visit https://www.researchandmarkets.com/r/fk1xy0

Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.

CONTACT: ResearchAndMarkets.com
Laura Wood, Senior Press Manager
press@researchandmarkets.com
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