Synergy Extreme United States

Indian IT midcap companies seem well-placed on their path to growth with healthy deals in the pipeline and addition of a new clients to their current portfolios. Companies look to make heavy investments in the overseas markets, analysts foresee further expansion in the near future. Even the global worries looming the world economy, growth plans for Indian midcap software firms seem well on track.

The midcap IT firms have witnessed sustained growth with significant investment especially in the European. For the Indian IT sector, this also falls in line with Nasscom’s growth projections of 16-18%. The IT firms maintain that in spite of a marginal slowdown, overseas client budgets remain unaffected.

The Chief Corporate Development Office at Zensar Technologies, Ajay Bhandari says that the company’s retail and inusurance verticals are fetching maximum returns. They have not seen any cuts in clients budgets so far. Base on the research firm Ernst and Young India, small companies are looking at virgin markets for outsourcing, which have helped drive growth.

The midcap companies have made acquisitions in countries like Spain, Turkey and German, regions which are not on the radar of large IT outsourcing firms. For midcap IT firms and that has kept the business pipeline healthy, the $30 billion outsourcing market in Europe accounts for 25 percent of revenue. The analysts say that focusing on regions beyond the UK has worked in the favor of the companies.

The Partner IT Practice, Ernst & Young  Milan Sheth said that within the Europe they have started focusing on regions and countries beyond the UK. All the efforts that they had taken  24 to 30 months back are bearing fruit. For majority of the IT companies, analysts consider looking at various options as a key to their growth although UK remains to be a preferred destination.

REFERENCES:

http://profit.ndtv.com/news/corporates/article-growth-of-indian-it-firms-intact-despite-global-crisis-293853

http://articles.timesofindia.indiatimes.com/2012-05-30/software-services/31899878_1_growth-story-gdp-global-leaders

http://ibnlive.in.com/news/indian-growth-story-is-intact-pranab-mukherjee/258433-7.html

The bank could not be acknowledged the same scope of the inquiry and the size of the hidden liabilities. A source stated that making the largest United States bank the new target of a wide analysis of how banks avert transactions that contains sanctioned regions and drug money, JPMorgan Chase & Co’s agreement with the United States anti-money laundering laws is being observed by a banking regulator.

An independent branch in the Treasury Department, the Office of the Comptroller of the Currency is observing JPMorgan’s systems that are created to monitor and filter transactions. The same outline of the inquiry and the size of potential liabilities for the bank could not be analyzed, Joseph Evangelisti, a JPMorgan spokesman avoids commenting regarding on the issue.

It assumed amplified scrutiny by regulators of its consent with the latest and existing regulations containing the anti-money laundering laws, JPMorgan stated in its quarterly arranging with the United States Securities and Exchange Commission  on the previous month. To discuss the money laundering involving the sending of drug money via bank networks and funds from other regions that encountering international sanctions like in Iran, the latest analysis comes in the middle of improving efforts by the regulators.

The issue also has become the target for the Department of Justice that requires to ramp up the figure of criminal cases that brings beyond the Bank Secrecy Act, it was the law that needs financial institutions and their staff to take steps to avoid money laundering. The source added that the United States regulators also are conceivably observing illicit transactions tied up to Venezuela.

To reinforce investigations that could result in one of the largest ever agreements or fines, British bank HSBC Holdings Plc inhibit almost $700 million prior to this summer. The Senate panel analyzed transactions bound to the Saudi Arabia, Cayman Islands, Iran and Mexico, a United States report disapproved an extensively polluted culture at the bank. New York’s banking regulator attained a $340 million agreement with British bank Standard Chartered Plc last month after the regulator checked out transactions tied up to Iran.

Through a procedure called remote-deposit capture, there have also been several cases in which the comptroller’s office pointed weaknesses in how banks clear checks probably tied to shady money transactions. The inquiry observed a monitoring gap in the bank tied up in Citigroup’s remote deposit capture business, the OCC distinguished a number of anti-money laundering deficiencies at Citigroup Inc last April. The Citigroup claimed that they already fixed the problem or they were in the process in giving solutions at that time.

REFERENCES:

http://profit.ndtv.com/news/corporates/article-jpmorgan-faces-money-laundering-probe-source-310887

http://www.reuters.com/article/2012/09/15/us-jpm-probe-idUSBRE88E0G220120915

http://www.complinet.com/global/news/news/article.html?ref=158492

http://money-summit.com/jpmorgan-faces-money-laundering-probe-source/

http://103.1.112.194:3601/Companies/x3cQWMzypOZKhx4I2ZgXYN/JPMorgan-faces-money-laundering-probe-source.html

The Cognizant Technology Solutions Corp stood by its full year revenue forecast at a time when its Indian gape have been painting a desolate picture for the rest of the year on restricting global outsourcing spending. On the Nasdaq, the company’s shares rose as much as 13 percent to $65.48. New Jersey-based, Teaneck most of whose employees are in India has been gaining ground over Infosys Ltd and Wipro Ltd as it has traditionally worked with relatively lower margins helping it win more contracts.

Morningstart analyst Swami Shanmugasundaram stated that Cognizant reiterating its guidance of at least 20% growth in this environment shows that it’s in a various league compared to the likes of Infosys and Wipro. For the first time. its quarterly revenue topped Infosys as the bellwether of India’s showpiece $100 billion outsourcing sector  faces diminishing hopes of a revival in demand. The Cognizant told the Reuters that six new strategic customers in the quarter includin g Philips Electronics NV, its president Gordon Coburn. In annual revenue, the company defines strategic customers as those who have the potential to bring in at least $5 million to more than $50 million a year.

Coburn stated on a conference call, the cognizant is seeing an upward shift pipeline as clients look ways to run their business more efficiently and a shift to larger end to end outsourcing deals from discretionary projects. In the month of June, the company entered into a $330 million deal with the US unit of Dutch insurer ING Groep NV to expand the business process management contract between the two.

The Chief Financial Officer Karen McLoughlin said on a conference call that the majority of their growth for the remainder of the year 2012 will come from the ramp-up of clients that we won over the past months and years., including recent transformational engagements like ING US, Philips and others.

The Cognizant raised its profit forecast but reiterated its revenue outlook for the year. In the second quarter, Coburn stated the raised profit outlook is mainly a result of its share repurchase plan. The cognizant expects earnings for the year to be at least $3.38 per share up from its previous forecast of at least $3.36 per share, it reaffirmed its revenue forecast of at least $7.34 billion.  Coburn said that on a constant dollar basis since they last gave an outlook, they took their outlook up by over $20 million. They’ve absorbed over $20 million of negative currency impact for the full year.

Base to Thomson Reuters, analyst on average were expecting full-year earnings of $3.37 per share on revenue of $7.34 billion.The cognizant expects that its adjusted operating margin to remain in the range of 19 percent for the rest of the year. For the June quarter from 19.8 percent year earlier, operating margins rose to 20 percent.

In 1994, the company founded as captive unit of Dun and Bradstreet in India stated that net income rose to $251.9 million or 82 cents per share for the second quarter from $208 million or 67 cents per share a year earlier. cognizants shares have fallen about 20% since May 7 when the company lowered its full-year forecast for the first time in nearly four years.

REFERENCES:

http://profit.ndtv.com/news/market/article-cognizant-quarterly-revenue-tops-infosys-shares-jump-13-308914

Both insourcing and outsourcing are going to stay in this exceptional globalized nation, told by a top Obama aide, regardless of the charges being rolled up by the President Obama Campaign over Republican presidential candidate Mitt Romney in outsourcing jobs abroad. On the sidelines of the Democratic National Convention, the previous Clinton Administration Chair of the Council of Economic Advisors and now as an economic policy advisor to the Obama Campaign, Laura Tyson said that it is necessary to analyze supply chain disaggregation and supply chain complexity, outsourcing and insourcing is going to stay.

She added that to create the United States a very appealing state to do business is the challenge for the United States, that is why the United States firms choose to stay and return as foreign corporations continue to invest in the state. They should improve their corporate tax code and in order to influence insourcing or outsourcing by their tax codes, they should not so anything.

The Democratic leaders have condemned Mitt Romney of being a pioneer in  outsourcing jobs in China and for keeping his wealth in some foreign banks. Last year as President Barack Obama had a meeting regarding in-sourcing, they are starting to claim that they will keep some job in the United States or they will try to return several jobs back to the state. As U.S. firms are working due to the labour costs and the energy price environment are more appealing, stated by Tyson.

Enhancing the cost environment was the first thing while the second is that they should not have in their tax policy that eventually lessen taxes to support firms that transferring overseas however they have taxes that reduce the attractiveness in order to bring back the jobs. It is not about helping with transferring jobs overseas or an incentive neither it is not a restraint in bringing back jobs in the state, Tyson stated.

Other regions all over the world are creating a lot to declare foreign direct investment, said by the Jobs Council of the President. Serves as a coordinator within the government and the business was the foreign direct investment missions and arranging trade plans. Basically selling foreign direct investment are the things that they do aside from other stuff. However at the federal level, the United States government should do a lot from that. Inside the Commerce Department, President Barack Obama has built up a new team and today the State Department is doing the same, as they improve their economic counselor in order to focus on foreign investment flow within the United States.

REFERENCES:

http://articles.economictimes.indiatimes.com/2012-09-06/news/33649845_1_obama-aide-foreign-direct-investment-corporate-tax-code

http://www.zimbio.com/Barack+Obama/articles/EHW-dVxmKqn/Outsourcing+stay+Barack+Obama+aide

http://www.google.com.ph/url?sa=t&rct=j&q=outsourcing%20is%20here%20to%20stay%3A%20barack%20obama%20aide&source=web&cd=3&cad=rja&ved=0CC4QFjAC&url=http%3A%2F%2Fwww.allvoices.com%2Fnews%2F12921050-outsourcing-is-here-to-stay-barack-obama-aide&ei=fIRZUJnJCartiwKsroCYDg&usg=AFQjCNFMiSIPDJU3X-kPuz3Qf0exKjAr-Q

http://globalizationtoday.com/outsourcing-is-here-to-stay-barack-obama-aide-zee-news/

http://globalizationtoday.com/outsourcing-is-here-to-stay-barack-obama-aide-economic-times/

Stocks fall further from that goal Monday pursuing a new sign of a delay in the United States economy and troubles over Europe’s attempt to maintain its currency union together after rolling over four days to near pre-recession buzz. The Dow Jones industrial midpoint decreased to 0.3 percent or 40.27 points to 13,5532.10, all three supreme indexes were screwed out.Last week, the United States stocks are prove out a assault that delivered the S&P 500 to its highest level in almost five years.

In an effort to have the people to borrow and spend more, investors purchased stocks on news that the Federal Reserved organized to buy mortgage bonds. Weakening investor spirits as the Empire State Manufacturing Survey instructing that conditions for New York manufacturers remains weak. The succeeded report from the Fed about the United States industrial production decreased in August by the huge amount in almost 3 years.

The vice president of equity investments at USAA Investments, Wasif Latif said that they are not totally out of the woods economically, that serves as measuring on markets. As indexes fluctuate at multi-year highs technical and psychological barriers could be hard to intervene. A new raised for the stock market’s most beneficial company, Apple surged $8.50 to $699.78.

Later this week, the company declared an advanced sales for its iPhone 5 that run twice the rate for its recent version of the unit. The Nasdaq complex lost with 5.28 to 3,178.67, while 4.48 to 1,461.19 was the loss of Standard & Poor’s 500. Almost 1.1 percent were the decreased of several banks and other financial companies that has been also hit badly, six of the ten largest industry sectors in the S&P 500 fell, including the material stocks with 1.5 percent down.

Crawling back from sharp losses following a quick drop in oil that left traders imagining the cause, energy stocks lost almost 0.8 percent. The huge fall since late July was benchmark as it fell to $96.62 with the loss of about 2.4 percent or $2.38. Since the opening bell, stocks have dropped following overseas markets decreased, in Europe benchmark indexes fell to 0.8 percent in France and in Italy with 0.9 percent.

Managing European banks could take longer than anticipated that follows an upset meeting of the financial ministers of the region over the weekend, European investors sold partly on plans that producing a new authority. The new authority would be able to deliver banks directly, the investors are concerned about the collapsing banks in the country that could diverge panic that will lead in worsening in the monetary union.

The Dow Jones industrial average occur with 4 percent of its 14,164 all time high on October 9, 2007, after the swell in the United States stocks last week. As the Great Recession started two months later, it brought upset in stock prices to 12 year lows. The major business conditions index falls five points to minus 10.4. While the new orders index glide nine points to minus 14.0, it serves as the third straight negative results. Volume was light at 3.2 billion shares, and over two stocks glide for each one that increased on the New York Stock Exchange.

REFERENCES:

http://profit.ndtv.com/news/market/article-us-stocks-slip-apple-hits-new-high-310970

http://articles.economictimes.indiatimes.com/2012-09-17/news/33902816_1_office-depot-s-p-indexes

http://www.poughkeepsiejournal.com/viewart/20120917/BUSINESS/120917009/U-S-stocks-slip-Apple-hits-new-high?odyssey=nav|head

http://www.app.com/viewart/20120917/NJBIZ/309170064/US-stocks-slip-close-Apple-hits-new-high

Oracle united a previous sequence of technology firms that have struggled in a trembling economy, however for the next several months the management’s prediction assumed to convince investors the business software maker will instantly attain the progress. The quarterly results were declared in which it supported the latest evidence that the government agencies and the companies are covering up the technology spending till they get a better sight of where the economy is emerging.

To contribute  in new personal computers and other high-priced hardware, the decision-makers in technology departments have been exceptionally hesitant, this drift has result several leading PC manufacturing like Dell Inc., Hewlett-Packard. Co. together with a group of microprocessor makers to enunciate frustrating numbers and exposed viewpoint.

Oracle’s area of expertise is database software and applications that automate administrative works which is the products that are still utilizing higher sales in the midst of doubtful times. This supported Oracle to intensify its revenue from online subscription and the latest software from the same time last year that acquired 5 percent.

It serves as an encouraging indication because those licenses provide more money making chances in the form of future maintenance and enhancement fees. In the recent quarter, Oracle assumed its subscription and sales of software licenses from the same time last year will increase by 5 to 15 percent. However, Oracle is also trying to move its way throughout the computer server market, an attempt emphasized by its acquisition worth $7.3 billion of Sun Microsystems in the year 2010.

The enhancement has not enhanced yet, even though Oracle executives had announced it will guarantee to be a productive action. Oracle’s hardware revenue fell fast by 19 percent in its most current quarter. A three month period stretching from June to August, the failure humiliate Oracle’s total numbers for its fiscal fiscal quarter. Oracle was affected by injured currencies in Europe and other regions in the world, the same with most of the United States companies that rely on overseas customers for most of their deals.

Compared to the previous year, during the recent quarter the currency instability changed into several dollars. In the quarter, Oracle Corp. attained 41 cents per share or $2.03 billion, equivalent to 11 percent higher from net income of 36 cents per share or $1.84 billion. It would have acquired 53 cents per share except for certain accounting stuff. The overall revenue plunged 2 percent or $8.18 billion from last year, Analysts anticipate that with over $200 million below.

For the present quarter that will end in November, the sales failure in the previous quarter might have been more annoying if not for Oracle’s growth. The firm, that is Redwood Shores, California-based forecast its revenue at distressing that remains unchanged from last year and apparent increase by only 4 percent. At the middle point of that envision, expecting that Oracle’s results will be determined, the firm’s revenue is about $9 billion in the current quarter. In the current quarter, Oracle assumes its earnings to reach 59 cents to 63 cents, while in extending trading, Oracle’s stock price had turned to 12 cents to $32.38.

REFERENCES:

http://gadgets.ndtv.com/laptops/news/oracles-q1-earnings-rise-11-percent-despite-decline-in-hardware-sales-270310

http://newsr.in/n/Science/74rfho35q/Oracle-Q1-earnings-rise-11-percent-despite.htm

http://www.kar.ind.in/2012/09/22/oracles-q1-earnings-rise-11-percent-despite-decline-in-hardware-sales-2/

Against other major currencies the dollar remains weak while the Asian shares increased to a four-month high, after the United States Federal Reserve declared an intrusive new strength to boost job development in the United States economy. Subsequently, the European Central Bank’s bond-buying strategy to acquire borrowing expenses down for Euro zone members was allowed by the constitutional court of Germany, the Fed’s action will likely boost the risk-positive momentum at work.

With the Standard & Poor’s 500 Index are striking its highest close from way back December 2007, MSCI’s broadest index of Asia-Pacific shares over Japan increased of 0.9 percent as the United States convened to multi-year raised. Almost 11 percent were the Japan’s Nikkei stock average acceleration. Prior to the outlook for jobs enhances extensively as long as the inflation remains composed, working out on its dual mandate to carry on discussing unemployment and low inflation, almost $40 billion of mortgage-backed debt each month, the Fed stated.

It was strange to raise interest rates from the previous lows until mid-2015, stretching the time frame for that action from late 2014, added by the Fed. The currency strategist at GFT Forex in New Jersey, Neal Gilbert stated that no limit has been established in the circumstances, the Fed decision to announce the latest round of quantitative easing is lower QE3 and higher in QE Infinity.

The Fed is flooding the market with cash and China discussing stimulatory infrastructure projects, together with the Europe getting their plan together, the three huge influencers of market dynamics could develop a trash market. As the yen may encounter the unintentional consequence of appreciating versus the dollar to levels that the Japanese authorities would find harsh, Gilbert assumed the toughest reactions in the Euro opposed to the dollar.

The chief investment officer of Sica Wealth Management now identifies gold as the ultimate investment in the aspect of a weakening dollar and mass liquidity creation, they recently manage more than $1 billion in real estate, private equity holdings and client assets. He added that he assumed commodity costs to continue to rise, the appeal of gold as a shelter from fear and a secondary currency has never been higher.

After climbing to its highest since February 29, 2 percent to a high of about $1,772.26, spot gold remains at $1,766.75 an ounce. Since investors will soon transfer their focus to the risk of depending heavily on a government entity for its development and the weaker economic fundamentals, Sica argued that the market euphoria will sustain.

He added that the Fed has reached to the point of no return, any attempt to return to an economy that depends on free market fundamentals will experience difficulty as the central bank takes this responsibility and carries out to its execution. Since August last year, Asian credit markets have been stable with the spread of the iTraxx Asia former Japan investment-grade index staying near its bottom level.

REFERENCES:

http://profit.ndtv.com/news/market/article-asian-shares-rally-dollar-stays-pressured-after-fed-310797

http://profit.ndtv.com/news/market/article-asian-shares-rally-dollar-stays-pressured-after-fed-310797

http://article.wn.com/view/2012/09/14/Asian_shares_rally_dollar_stays_pressured_after_Fed/

http://www.silobreaker.com/asian-shares-rally-dollar-stays-pressured-after-fed-5_2265974778793820206

A survey analyzed that within the next two years, most of the United States high-tech firms anticipated to export more gadgets like tablets, mobile phones and other electronic devices because of the increasing middle class populations in growing nations, pointing out increasing labor costs and free trade agreements overseas. The Obama administration planned to reach its goal to increase exports by 2015, some United States high-tech executives surveyed almost 85 percent but 40 percent of executives were assured two years ago as the export target was prepared.

The world’s largest package delivery firm, IDC Manufacturing Insights for United Parcel Service, conducted the third annual survey. High-tech marketing director at UPS in Atlanta, Ken Rankin said that the motivation of the middle class that have more expendable income and a huge craving for technology products such as mobile phones, laptops and tablets. The UPS chief executive officer, Scott Davis attended the President’s Export Council and has promoted free trade union as essential for developing the United States economy and its exports.

Ron Kirk, the United States Trade Representative said that a free trade within the Panama and the United States will promptly carry out. After the United States-South Korea alliance, it followed by the United States-Columbian compact. Rankin said that over the past two years, only 23 percent of the firms announced that they gain increase in the export industry however within the next two years, 74 percent are the anticipated export growth.

He added that in spite of all of the short-term talk regarding with the economic imperfections and the apprehended fiscal cliff, in the next two to five years the high-tech executives that they discussed with had an effective outlook when it comes to the export development of their products. The fiscal cliff affect the year-end deadline for almost $500 billion in terminating United States tax cuts and automatic spending cut sets for the coming year, except if the Congress can deal in lowering the budget required.

The study of the 125 high-tech manufacturers includes logistics executives and senior supply chain in semiconductor, electronic component and accessories, communications equipment and consumer electronics industries. According to the survey, within the next three to five years high-tech product sales and shipments are anticipated to increase tremendously by 22 percent in the Middle East, Africa and India.

Various regions may gain the effect of the increase, and these may expect to the rest of the South America with 19 percent, 15 percent for Eastern Europe, China with 8 percent, Brazil will have 18 percent while Korea will get 13 percent and even other regions will be affected by the growth.

REFERENCES:

http://gadgets.ndtv.com/mobiles/news/us-high-tech-companies-expect-to-export-more-cell-phones-tablets-survey-274132

http://www.industryleadersmagazine.com/us-based-high-tech-companies-ramping-up-their-exports/

http://articles.economictimes.indiatimes.com/2012-10-01/news/34198225_1_export-growth-export-target-free-trade

http://benton.org/node/136200

http://www.i4u.com/2012/09/barack-obama/companies-us-exports-ramping-survey-high-tech

On Monday, in Geneva, the Obama administration will plan to file an extensive trade case at the World Trade organization against China with unevenly financing its exports of autos and auto parts as stated by a senior administration official with an obvious political reasons for the presidential election for less than some weeks before. For 2009-2011, the W.T.O case charges China by giving at least $1 billion of subsidies for exports auto parts and autos.

It has quickly expanded exports to growing regions and those exports challenge to some extent with the autos designed or exported into the U.S. as China exports basically no complete assembled cars to the U.S.. During the visit to Ohio one of the most valuable of the battleground states and a place where the president is striving to capitalize oh his bailout of the auto business, President Barack Obama intends to declare the action on Monday.

Last week a poll from The Wall Street journal, Marist College and NBC News unveiled Mr. Obama is creating a significant lead in Ohio State. Ohio is also the center of the American auto parts business that has dropped heavily from job deficiency that have identified with surging imports of auto parts coming from China. The upper Midwestern states have developed into a main battleground in the presidential election especially Ohio that has contended Florida in the previous presidential elections as the most striving state among others.

Approximately a half from 2001 to 2010 has dropped by the auto parts employment in the United States as imports coming from China developed over sevenfold within the same time, it is based on the data given by the senior official who claimed on obscurity citing an administration policy preventing on the record opinions on the latest policy as the official announcement is finished. In Ohio, almost 54,200 individuals was being employed directly with the auto parts manufacturers. The auto business develops 850,000 jobs in the state or equivalent to 12.4 percent of total employment.

The increased automation has also played some great part, however, auto industry professionals argue which imports have been directly in charge of the closing of factories and reduction of other plants. Even though the auto sales have started to recover in the previous months, since 2008 the delaying of the American auto market has also had some effect. The Republican presidential nominee, Mitt Romney, has often blamed the Obama administration for not doing any action to challenge China on currency and trade policy.

Coming so fast before the election, however the timing of the administration’s case makes it likely the Chinese government will blame Obama of portraying politics, this accusation was already planned by Chinese officials especially those with close partnership to involve regions in related with previous trade cases including solar panels. President Obama has worked out enforcement of the rights of the Americans in the global trading system since day one, and the administration has a persistent data of plan to support American employment.

Similarly in the previous year, Chinese exports have developed as the Chinese economy has slowed strongly, allowing especially the domestic Chines automakers with large inventories of unsold cars that they are planning to trade abroad. During the Democratic convention, speakers continually mentioned that 3 years ago the federal government bailout for the Detroit auto industry following an idea that the bailout will manifest politically worthwhile in major states. In the Republican convention the speakers basically prevented the issue.

REFERENCES:

http://profit.ndtv.com/news/auto/article-us-to-file-wto-case-against-china-over-car-exports-310917

http://www.nytimes.com/2012/09/18/business/global/us-files-wto-case-against-china-over-cars.html?_r=1

http://www.joc.com/trade/us-files-wto-case-against-china-over-auto-subsidies

http://www.google.com.ph/url?sa=t&rct=j&q=us%20to%20file%20wto%20case%20against%20china%20over%20car%20exports&source=web&cd=5&cad=rja&ved=0CDwQFjAE&url=http%3A%2F%2Fwww.france24.com%2Fen%2F20120917-china-files-wto-complaint-against-chinese-auto-subsidies-tariffs-duties-exports-obama&ei=b-dXUPrKMsTXigK9woDYCQ&usg=AFQjCNFUaI9L1njHoqCdSyRhoykPfdTQiw

President Barack Obama won the election. It was not that easy for President Barack Obama to won a second victory, he was neck and neck in the polls as election season came down to the wire. In 2008, Obama made history when he became the first US president with African culture, tried to hold onto the Oval office during one of the most bitterly partisan and strong economic time in the country. President Barack Obama rode a wave of broad support from moderates, women and minorities to win re-election by defeating Republican challenger Mitt Romney in Democratic strongholds and key battleground states. It was an election in which Latinos and their interests and concerns hot more concentration than ever, in the media and by stable and broad politicians alike.

At Obama’s victory party in Chicago, the happy supporters cheered and danced then Obama thanked all the people for ensuring the nation, a nation that will continue to move forward while warning the battle for change they seek. Obama said that, in this election the American people reminded them that while their road has been hard, while their journey has been long, they have picked theirseleves up, they have fought their way back and they know in their hearts that for the United States of America the best is yet to come.

A former Massachusetts governor Mitt Romney Obama’s GOP challenger warned that it would push policies that would favor the rich at the expense of the middle-class and low-income Americans. Barack Obama warned Latinos that a Romney presidency would be hostile to immigrants and Latinos.  He broadcast that he would postpone exile for undocumented incomer brought to the United States as minors and who met a strict set of basis in June. There were 1 million immigrants are believed to be affected by the initiative, which Romney stated that he would discontinue if he incline president.

The president surpassed the decisive 270-vote threshold in the Electoral College with victory in Ohio. According to the CNN call based on unofficial returns, a later projected victory in another swing state Virginia gave him 303 electoral votes to 206 for Romney.

With Latinos, Romney ran into problems when he took a particularly hard line on immigration during the GOP primaries. In an effort to appeal to the party’s conservative base, Romney voiced support for the Arizon anti-illegal immigration law, SB 1070, parts of which were upheld by the US  Supreme Court as well as self deportation in essence making life so difficult for undocumented immigrants that they would leave of their own accord.

REFERENCE:

http://edition.cnn.com/2012/11/06/politics/election-2012/index.html

http://www.businessinsider.com/barack-obama-has-won-the-election-2012-11

http://www.theglobeandmail.com/news/world/obama-won-re-election-because-he-represents-the-america-that-is/article5032245/