About This Source - Bloomberg QuickTake: Now
Bloomberg L.P. is a privately held financial, software, data, and media company headquartered in Midtown Manhattan, New York City.
It was founded by Michael Bloomberg in 1981, with the help of Thomas Secunda, Duncan MacMillan, Charles Zegar, and a 12% ownership investment by Merrill Lynch.
Recent from Bloomberg QuickTake: Now:
Bloomberg Quicktake: Now published this video item, entitled “Trump Says He’ll Give Up Power If Electoral College Backs Biden” – below is their description.
President Donald Trump said he’ll relinquish power if the Electoral College affirms Democrat Joe Biden’s win, but he signaled he may never formally concede defeat, and may skip the Democrat’s inauguration.
Trump fielded questions from reporters on Thursday for the first time since his election defeat, speaking at the White House after a Thanksgiving teleconference with members of the military.
He rehashed for about 25 minutes a series of allegations his legal team has so far made but provided little or no evidence for — and thus hasn’t raised in court appearances — while saying flatly that Biden couldn’t have received 80 million votes from the American people.
The defiant and occasionally conspiratorial exchange in the White House’s diplomatic room included a brief acknowledgement of the reality facing him. When Trump was asked if he’d physically leave the building if the Electoral College affirms Biden’s victory, he replied, “certainly I will, and you know that.”Bloomberg Quicktake: Now YouTube Channel
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In This Story: Donald Trump
Donald John Trump is the 45th and current president of the United States. Before entering politics, he was a businessman and television personality. Trump was born and raised in Queens, a borough of New York City, and received a bachelor’s degree in economics from the Wharton School.
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In This Story: Electoral College
The United States Electoral College is the group of presidential electors required by the Constitution to form every four years for the sole purpose of electing the president and vice president. Each state appoints electors equal in number to its congressional delegation. Federal office holders cannot be electors.
Of the current 538 electors, an absolute majority of 270 or more electoral votes is required to elect the president and vice president. If no candidate achieves an absolute majority there, a contingent election is held by the United States House of Representatives to elect the president, and by the United States Senate to elect the vice president.
The appropriateness of the Electoral College system is a matter of ongoing debate. Supporters argue that it is a fundamental component of American federalism by preserving the Constitutional role of the states in presidential elections. Candidates must appeal to a broad and diverse set of states rather than focusing only on the few U.S. cities with the highest population densities.
Critics argue that the Electoral College system is less democratic than a direct popular vote and that the College violates the democratic principle of “one person, one vote.” Thus, a president may be elected who did not win the national popular vote, as occurred in 1824, 1876, 1888, 2000, and 2016.
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In This Story: Thanksgiving
Thanksgiving is best known as a holiday celebrated in the United States on the fourth Thursday of November every year, usually through feasting, parades and travel to see family and friends, though celebrations have been scaled back during the 2020 coronavirus pandemic.
The roots of the modern celebration lie in settlers celebrating their arrival in the Americas in the early 1600’s. It has been a public holiday since 1941 due to federal legislation, an annual tradition in the United States by presidential proclamation since 1863 and by state legislation since the Founding Fathers of the United States.
Traditionally, Thanksgiving has been a celebration of the blessings of the year, including the harvest. What Americans call the “Holiday Season” generally begins with Thanksgiving. The first day after Thanksgiving Day—Black Friday—marks the start of the Christmas shopping season.