After election day, there is a chance of constitutional chaos.

It could take the form of acute uncertainty, not only about who won the election but also about the process by which that question will be settled trib.al/sKzNZAb
We might have a perfect storm:

🗳️Close contests in key states
📬Issues with mail-in voting
🧐Allegations of voter suppression and fraud
🙅🏼‍♂️An incumbent who is unwilling to accept a loss
trib.al/sKzNZAb
It is essential to understand that Nov. 3 is only the first of three defining days.

The second is Dec. 14, when members of the Electoral College cast their votes. The third is Jan. 6, 2021, when Congress meets in joint session to declare the winner
trib.al/sKzNZAb
What happens on Nov. 3 is almost always enough to decide the presidential election.

In nearly every state, the candidate who receives the most votes statewide is entitled to the vote of all of the state’s electors trib.al/sKzNZAb
Suppose, for example, that President Donald Trump receives 47.3% of the vote in Ohio, and that former Vice President Joe Biden receives 47.2% of the vote there.

All of Ohio’s 18 electoral votes would be allocated to Trump trib.al/sKzNZAb
But what if we don’t know on Nov. 3, or even a month later, who won Ohio? Or Wisconsin, Michigan, Pennsylvania and Florida?

What if it takes a long time to count the votes, and what if the results are disputed? trib.al/sKzNZAb
What is relevant is an obscure law — the Electoral Count Act of 1887.

The ECA was a direct response to a constitutional crisis in 1876, when Congress could not agree whether Samuel J. Tilden or Rutherford B. Hayes had won the election trib.al/sKzNZAb
If we read the act carefully, we can make progress toward handling any chaos that might arise in 2020.

Section 2 of the ECA makes state law decisive trib.al/sKzNZAb
Section 2 is basically a congressional pledge to respect the authority of the states.

A lot depends on a state making a “final determination” by Dec. 8, six days before the meeting on Dec. 14. If a state does that, Congress cannot alter its determination trib.al/sKzNZAb
Section 4 of the ECA is also important, because it should greatly limit the role of political shenanigans.

To reject a vote from an elector, both houses of Congress have to agree trib.al/sKzNZAb
In 2020, with the Senate controlled by Republicans, and the House controlled by Democrats, electoral votes are highly unlikely to be rejected, if partisanship is decisive trib.al/sKzNZAb
Congress is only allowed to reject the votes of electors if they have not been “regularly given.” For example:

– Votes for people who could not constitutionally become president
– Votes on the wrong day
– Votes that resulted from corruption
trib.al/sKzNZAb
But what if Congress receives two sets of returns – say, one from a Republican legislature and one from a Democratic governor, and both purporting to be the returns from a state?

The ECA’s Section 4 tries to sort that out trib.al/sKzNZAb
In short: If one of the two sets of returns can claim the Dec. 8 safe harbor, it prevails.

If neither can claim it, the House and the Senate get to decide — if they can agree. If they can't, the certification by the governor of the state is authoritative trib.al/sKzNZAb

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More from @bopinion

4 Nov
LIVE: Bloomberg Opinion’s best political, economic and market minds are joining forces to cover the election.

Follow along with our live blog here: trib.al/wHFBHGr
First, a disclaimer from @TimOBrien: Votes may take a few days to tabulate in some key contests. That's normal! That's OK!

It also means that #Election2020 blogging is all about uncertainty trib.al/wHFBHGr Image
Let’s start with the economy, via @karlbykarlsmith:

It’s worth remarking how sensitive 2016 appeared to be to economic fluctuations vs. how seemingly irrelevant they are today. Instead, the swing this time seems to be dominated almost entirely by Covid-19 trib.al/wHFBHGr Image
Read 30 tweets
3 Nov
Bumper harvests and healthy stockpiles coming into 2020 have helped the world dodge the worst of food-security worries triggered by the Covid-19 pandemic.

But nutrition has suffered anyway trib.al/7Xb1aoQ
Malnutrition is the result of:

➡️Migrant laborers being kept home
➡️Children being shut out of school
➡️Workers losing jobs

The economic consequences in both emerging and developed markets will linger trib.al/7Xb1aoQ Image
Crippling food inflation has been averted this time, but there have been glimpses of panic:

🛒Empty supermarket shelves
🇻🇳Vietnam’s restrictions on rice
🇰🇿Kazakhstan’s restrictions on wheat and flour
🥩Infected slaughterhouses and meat-packing plants trib.al/7Xb1aoQ Image
Read 12 tweets
1 Nov
It’s easy to feel as if there’s no light at the end of the Covid-19 tunnel:

📈ICUs are filling up
🔒Fresh lockdowns
💉Herd immunity a long way off

Yet we shouldn’t ignore the better news from Asia trib.al/X4AUjxs
The strategies pursued by South Korea, Vietnam & China are paying off. As of Nov. 1, the cumulative death rate per million is:

🇺🇸U.S.: 696
🇬🇧U.K.: 685
🇫🇷France: 563
vs.
🇰🇷South Korea: 9
🇨🇳China: 3
🇻🇳Vietnam: 0.36

[Chart shows data correct as of Oct. 30] trib.al/X4AUjxs
The perception of an Asian advantage often falls prey to essentialist thinking: that the East is doing things the West could never do, thanks to profound differences in values, politics and culture, writes @LionelRALaurent.

That’s not necessarily the case trib.al/X4AUjxs
Read 10 tweets
31 Oct
You’ve heard the scenarios:

Trump loses but refuses to leave.
Biden loses but refuses to concede.
Absentee ballots aren’t counted.
The angry left takes to the streets.
The angry right takes to the streets.
Lawyers take to the courts.
trib.al/IO736Nn
Into the pre-election turmoil comes a useful new analysis from the economists Michael Geruso and Dean Spears.

They warn of a significant chance that the presidential election could be swung by a few thousand disqualified ballots trib.al/IO736Nn
Their conclusion is stark:

"We find that it is much more likely under the Electoral College system than under a hypothetical National Popular Vote that the election outcome will be narrow enough to be reversible by judicial or administrative processes" trib.al/IO736Nn
Read 11 tweets
30 Oct
Older people have been hit from both sides by the Covid-19 pandemic and the recession:

🥚Nest eggs are wobbling
💰Retirees could run out of savings
🚑Workers face heightened health risks
📈Ages 55+ have very high unemployment trib.al/mMlQ5PJ
As your parents get older and you get more established, they may turn to you for financial support.

While you may feel a moral obligation to help your parents, you first need to run through a basic checklist trib.al/mMlQ5PJ
Step 1: Know your own financial situation.

For that, you need a personal budget. Any decision about your generosity hinges on whether you actually have the money trib.al/mMlQ5PJ
Read 10 tweets
28 Oct
At the start of 2020, @blsuth took an informal poll asking which CEO deserved more attention.

The result was almost unanimous: Mike Lamach of Trane Technologies
trib.al/ioV9y3Q
📈The numbers show why: Since Lamach became CEO in 2010, the company’s market value has tripled to more than $30 billion.

During the pandemic, he was able to turn an air conditioning company into a juggernaut, all while keeping things sustainable twitter.com/i/broadcasts/1…
As the weather gets colder, the safety of indoor air is on a lot of people's minds.

What can companies or individuals do to make sure that their heating, ventilation, and air conditioning systems can be a tool in fighting the spread of infection? trib.al/ioV9y3Q
Read 13 tweets

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