With a lead in Pennsylvania, Biden nears victory in the state and the election.

first_imgMr. Trump has baselessly insisted that post-Election Day tallies showing Mr. Biden leading in battleground states, including Pennsylvania, were the result of fraud, and has vowed to challenge them in court. His campaign showed no sign of an imminent concession Friday morning. “The false projection of Joe Biden as the winner is based on results in four states that are far from final,” a lawyer for the Trump campaign said in a statement.Mayor Jim Kenney of Philadelphia dismissed those accusations on Friday.“While some including the President continue to spew baseless claims of fraud, claims for which his team has not produced one iota of evidence, what we have seen here in Philadelphia is democracy, pure and simple,” Mr. Kenney said.Andrew Bates, a spokesman for the Biden campaign, said that if Mr. Biden won the election and Mr. Trump refused to concede, “The United States government is perfectly capable of escorting trespassers out of the White House.” Mr. Biden had steadily erased Mr. Trump’s early lead in the state — at one point, the president led by half a million votes — as ballots, mostly absentee and mail-in votes, were counted over the past few days. Most of the remaining uncounted votes in the state are in Democratic-leaning areas.At a news conference on Friday afternoon, Philadelphia elections officials said that they would have another update of 2,000 to 3,000 ballots on Friday afternoon, and that they had about 40,000 ballots left to count in the city. “We believe when the votes are counted, it’s pretty clear that Joe Biden’s going to be president of the United States, because he’s going to win Pennsylvania,” said State Senator Sharif Street, the vice chair of the state Democratic Party, on Thursday. PHILADELPHIA — Joseph R. Biden Jr. took the lead over President Trump in Pennsylvania on Friday morning as Democrats grew increasingly confident that he would win the state and with it the presidency: The state’s 20 electoral votes would put Mr. Biden, who has 253 electoral votes, past the 270-vote threshold for victory.By late Friday morning, after more votes were counted from Philadelphia and other counties that have supported Mr. Biden, he led Mr. Trump by more than 13,000 votes.- Advertisement – The remaining ballots “generally fall into one of three categories: those that require a review, provisionals and U.S. military overseas ballots,” said Lisa Deeley, one of the city commissioners in Philadelphia in charge of elections. “I would estimate there’s approximately 40,000 remaining to be counted.”- Advertisement – “We can also tell you that it may take several days to complete the reporting of that,” Ms. Deeley added.On Thursday, Kathy Boockvar, the Pennsylvania secretary of state, told CNN that the “overwhelming majority” of the state’s remaining votes would be counted by Friday. Pennsylvania Democratic officials have said their analysis of the uncounted votes gave them confidence that Mr. Biden would win the state by a substantial margin.- Advertisement – – Advertisement –last_img read more

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How the low interest rate is benefiting Gold Coast borrowers

first_img Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 0:29Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:29 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD540p540p360p360p270p270pAutoA, selectedAudio Tracken (Main), selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.This is a modal window. This modal can be closed by pressing the Escape key or activating the close button.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreenWays to get into the property market for less00:29 He said it had already given a much-needed confidence boost to the local market.“It’s been positive for real estate as there’s been more people out and about,” he said.“It gives them the confidence to get out there and buy.“There’s a lot of sold signs up out there.” The cash rate is expected to be cut at least one more time before the end of the year.More from news02:37International architect Desmond Brooks selling luxury beach villa10 hours ago02:37Gold Coast property: Sovereign Islands mega mansion hits market with $16m price tag1 day agoHowever, Mr Henderson said changes to lending criteria, more buyer confidence post federal election and tax cuts for low income earners had also contributed to the improved market conditions. In a move to further strengthen the market, low rates were tipped to stay. “Lower interest rates will be more of the norm for our lifetime,” he said. “Whether they stay this low, that’s probably not feasible.” CoreLogic head of research Tim Lawless backed his comments, explaining all the changes were collectively helping slower markets across the country bounce back.“The pause in the cutting cycle will give the RBA time to assess the effects of earlier rate cuts on the economy and consumer spending,” he said. The Reserve Bank decided to keep the official interest rate on hold.PROPERTY experts believe another interest rate cut is in sight despite the Reserve Bank deciding to hold tight.It came as no surprise that the official interest rate would remain at its current record low of 1 per cent following cuts in June and July but another was expected before the end of the year.Real Estate Institute of Queensland Gold Coast zone chairman Andrew Henderson said the RBA would likely wait to see how the economy reacted to previous cuts before making another. RELATED: Rates set to hold until November “However, there is a strong likelihood of at least one more cut later this year.”“With mortgage rates set to remain low for an extended period of time … and potentially move even lower later this year, we are expecting to see the housing market move into a gradual recovery.“However, with credit policies remaining tight and economic uncertainty still elevated, we aren’t expecting a material acceleration in housing activity or housing values.”According to comparison site Finder’s RBA Cash Rate Survey, experts and economists predicted property values would rise across the nation by August next year.last_img read more

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