In financial news, global markets have rebounded after plummeting upon the news of Trump’s victory. Stocks of some companies surged, including the largest private prison contractor, Corrections Corporation of America—which recently changed its name to CoreCivic—whose shares are up 43 percent since Trump’s victory. GEO Group, another private prison contractor, is up 21 percent. The Intercept reports stocks also surged for many military contractors, including Raytheon, General Dynamics, Lockheed Martin and Boeing.
Maine Votes for Ranked-Choice Voting, Opening Door for More 3rd-Party Candidates
Meanwhile, in Maine, voters approved a ballot measure that will transform the way voting occurs in the state and will open the door for more third-party candidates. The measure approves ranked-choice voting, which means people can vote for their choice of candidates in order. If their first-choice candidate does not win, their vote automatically defaults to their second-choice candidate, and so on. Maine becomes the first state in the nation to approve this style of voting, which will be used for both state and federal elections.