Fortunately, David Weinert, an Editor at Mapcidy.com, recorded footage of his Brooklyn neighbors celebrating and posted the video on the Mapcidy website.

Link:
Election Celebration in Brooklyn via Mapcidy

An estimated 24 million Americans ages 18 to 29 voted in this election, an increase in youth turnout by at least 2.2 million over 2004, reports CIRCLE, a non-partisan organization that promotes research on the political engagement of young Americans. That puts youth turnout somewhere between 49.3 and 54.5 percent, meaning 19 percent more young people voted this year than in 2004, estimates John Della Volpe, the director of polling for the Harvard Institute of Politics. And that’s a conservative estimate, Della Volpe says. Source Link

The increase in young voters helped to produce an estimated 8.3 - 8.4 million more young votes for Obama than for McCain. This margin is wider than Obama's overall popular vote victory margin (appx 7.5 million), suggesting that youth voters were the decisive factor in determining the outcome of the election.

For more informationa on the history of youth turnout, I suggest this post at FutureMajority.com

So far, yields have stayed low because spooked investors are seeking the safety and security of Treasury Notes/Bills.  However, the worry is that there just isn't $2 trillion in demand for new Treasuries, which would result in rising interest rates to attract people to buy the debt...or if the Government is determined to keep interest rates low, then they might start printing money, contributing to inflation, rather than raise the debt in the market.  Another concern is that with most of the World's government enacting some sort of rescue package, there will be diminished demand from international investors and governments, who have been buying over 40% of newly issued U.S. Government debt this decade.

Finally, with the demand by governments for huge amounts of cash in exchange for debt, there will be less capital in the world to be used for private investment.

Selected Quotes from the AFP article.

The Treasury said the federal government had borrowed 530 billion dollars from the markets in the third quarter. Of that amount, 300 billion dollars was borrowed for the Federal Reserve's Supplementary Financing Program, launched in mid-September in a bid to support the ailing economy.

The US Treasury said Monday it would seek to borrow a record 550 billion dollars in the October-December period to help stabilize the financial sector hammered by the global credit crisis.

The fourth-quarter borrowing estimate was substantially higher than the 408 billion dollars announced in July, and is a record high for quarterly estimates, a Treasury official said.

In July the Treasury had estimated third-quarter borrowing at 171 billion dollars.

From -  Globe and Mail UK

On the eve of the historic U.S. presidential election, two Montreal radio DJs are the toast of the comedy world today for their weekend telephone prank on U.S. vice-presidential candidate Sarah Palin.

Sébastien Trudel and Marc-Antoine Audette, co-hosts of Les Cerveaux de l'info, the drive-home show on Montreal's CKOI-FM, spent five days last week persuading Ms. Palin's Republican Party staff that French President Nicolas Sarkozy wanted to speak with her by phone and wish her well in tomorrow's election.

"When we started to work on the idea last Tuesday," Mr. Audette said in an interview yesterday, "we thought it would be mission impossible. But after about a dozen calls, we started to realize it might work, because her staff didn't know the name of the French President. They asked us to spell it."

See my related post on this topic at www.mapcidy.com

Free Cup of Cofee of Election Day

Originally seen at - It just gets worse - Daily Barf

NYTimes - How Much Is Your Vote Worth?

In the Electoral College, the combined effect of these two distortions is a mockery of the principle of "one person, one vote." While each of Florida's 27 electoral delegates represents almost 480,000 eligible voters, each of the three delegates from Wyoming represents only 135,000 eligible voters. That makes a voter casting a presidential ballot in Wyoming three and a half times more influential than a voter in Florida.

The NYTimes has an interesting graphic that provides some perspective.

Op-Chart - NYTimes

White House spokesman Tony Fratto said at a press briefing this week that officials closely watch Libor, then paused.

``Raise your hand if you're familiar with the Libor rate,'' he said to two dozen reporters. Only one did, drawing nervous chuckles. 

Source: Bloomberg

http://www.mcclatchydc.com/homepage/story/53350.html (Source: McClatchy)

Did the Bailout Package (also known as “The Emergency Economic Stabilization Act”) pass through the Senate because another large Insurance company was about to collapse?

Quote from Senator Reid:

"We don't have a lot of leeway on time," Reid told reporters in the Capitol. "One of the individuals in the caucus today talked about a major insurance company -- a major insurance company -- one with a name that everyone knows that's on the verge of going bankrupt. That's what this is all about."

Op-Ed by Nicholas Kristoff on the Japanese experience with a banking crisis that has continued for nearly 20 years.

http://www.nytimes.com/2008/10/02/opinion/02kristof.html?_r=1&oref=login (Source: New York Times)

Smart Commentary on the Federal Reserve Balance Sheet

http://blogs.cfr.org/setser/2008/09/30/do-not-doubt-that-this-is-a-real-crisis-more-on-feds-balance-sheet/ (Source: Brad Setser – CFR.org)

Hedge Funds are stockpiling cash to prepare for investor withdrawals. Some are preventing investors from withdrawing their money. Typically investors can redeem their investments at the end of each quarter.

http://www.finalternatives.com/node/5628 (Source: Fin Alternatives)

http://www.ft.com/cms/s/0/2316cff6-9004-11dd-9890-0000779fd18c.html?nclick_check=1 (Source: Financial Times)

The Race for Energy: What Will It Mean for Western Firms?

http://knowledge.wharton.upenn.edu/article.cfm?articleid=2054 (Source: Knowledge @ Wharton)

Car Dealers are greatly impacted by the ‘credit crunch’ – Up to 400 dealerships could close before the end of year. The problem: Consumers can’t get financing to buy a car.

http://money.cnn.com/2008/09/30/autos/car_dealer_pain/index.htm?cnn=yes (Source: CNN Money)