Iowa

By David Gallerano
♦ The Kremlin-backed candidate Sergei Sobyanin beats anti-corruption blogger Alexei Navalny and remains mayor of Moscow, although Navalny’s unexpected result looks like an alarm signal for Vladimir Putin.
♦ A school regional programme shows many families in Spain cannot provide their children with basic needs – namely, food and a balanced diet.
♦ Writer John le Carré discusses his life and recent events with Philippe Sands.
While jihadists and al-Qaeda affiliates prepare on the Syrian mountains for the US attack (with the lessons of Iraq in mind), Syrian refugees are leaving the country and experiencing a hard time in Egypt, where they are now associated with the discredited regime of Mohammed Morsi. In the New York Times Nicholas Kristof outlines two options for the US – intervention or paralysis – and chooses the latter.
The ancient practice of self-immolation – though relatively uncommon – is Chinese farmers’ ultimate protest. Chinese government will probably respond by increasing compensation for expropriated rural land.
♦ Iowa grants gun permits to people who are legally or completely blind. There is disagreement among advocates for the disabled and public officers on whether this endangers public safety.
♦ Brazilian TV network Globo reveals that the NSA spied on Brazilian Oil giant Petrobras, adding to the existing tensions between United States and Brazil. 

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Welcome back to the FT’s live coverage of the US Election 2012 as voters have re-elected Barack Obama over Mitt Romney. The Democrats will retain a majority in the Senate, while the Republicans will hold the house. Follow all the action with Shannon Bond, Arash Massoudi and Anjli Raval in New York (All times EST).

02.20: As the celebrations continue in Chicago, we leave you with these closing thoughts.

The President came into tonight’s election a damaged political figure with victory far from certain. He won with help of a unmatched grass-roots campaign and his direct appeal to a broad cross-section of America’s ever-changing demographics. He won’t enter his second-term in office with the same momentum in his sails but that’s not to say his challenges are any less daunting. 

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Welcome back to the FT’s live coverage of the US Election 2012 in which US voters will choose between Barack Obama and Mitt Romney. As millions of Americans continue to head to polling sites around the country, some results will begin to trickle in shortly.

By Arash Massoudi and Anjli Raval in New York (All times EST)

19.00: Continue to follow our election live blog here.

18.55: How will markets react tomorrow? Michael Mackenzie, FT’s US markets editor, says bond traders believe Treasury yields are likely to fall if President Obama is re-elected as attention will focus on gridlock and the “fiscal cliff”.

“Traders think a Romney win would push the benchmark yield higher as the risk of a fiscal accident is reduced. For equities, the consensus view is that a relief rally beckons once the election result is finalised, with a Romney win pushing stocks even higher.”

 

Voters wait outside a makeshift polling station on Sandy-ravaged Staten Island, New York. (AP)

Welcome to the FT’s live coverage of a momentous election in which US voters will choose between Barack Obama and Mitt Romney to lead them through a future of economic and political uncertainty. Here is our moment-by-moment reporting as months of bitter campaigning and rancorous rhetoric end, and voters finally have their say. By Anjli Raval and Arash Massoudi in New York and John Aglionby and Ben Fenton in London. (All times EST)

16.52 We’re going to take a short break before the polls start to close. Stay tuned for more live coverage on FT.com, which can be found here.

16.49: Lionel Barber, Financial Times editor, writes a piece from Washington saying that America’s real test comes after the polls: 

The final stretch: Barack Obama presses the flesh at a rally in Cincinnati, Ohio on Sunday (AP)

Welcome to the penultimate summary of media coverage of the 2012 US election campaign on a day when geography means nothing and psephology everything as the candidates make their final push for the few, surely very few, remaining undecided voters.

The polls on this last day of campaigning suggest President Barack Obama has a slight edge in the states he needs to hold – Ohio, Wisconsin, Iowa, Nevada – to keep the White House, but his opponent Mitt Romney is easily close enough for polls to be wrong and an upset to be possible.

RealClearPolitics.com shows “Obama (D)” ahead of “Romney (R)” by a sliver – half of a percentage point. Five national polls on Sunday gave the following margins: Obama +3; Obama +1; Obama +1; Tie; Tie. The possibility, last seen in 2000, of the victor losing the popular vote but winning in the electoral college, remains open. 

Welcome to a summary of US election coverage of a day when President Barack Obama had the luxury of dominating television screens without having to pay an extra cent in advertising, while his opponent Mitt Romney was forced into an uncomfortable position in the wings of a great drama.

 

In the Financial Times, Alan Rappeport reports from Atlantic City that Mr Obama’s position as incumbent gave him the opportunity not only to be pictured coming to the aid of a storm-battered New Jersey, but also inspecting damage alongside the state’s governor, Chris Christie, who has been one of Mr Romney’s main surrogates in attacking the president. 

In his latest dispatch from the US, John McDermott tells of an unfortunate automobile accident – and a fortunate meeting.