US Vice President Kamala Harris has been endorsed by President Joe Biden, after he announced he was bowing out of the election race. AFP
US Vice President Kamala Harris has been endorsed by President Joe Biden, after he announced he was bowing out of the election race. AFP
US Vice President Kamala Harris has been endorsed by President Joe Biden, after he announced he was bowing out of the election race. AFP
US Vice President Kamala Harris has been endorsed by President Joe Biden, after he announced he was bowing out of the election race. AFP

Will Kamala Harris win 2024 US election? Poll predictor Allan Lichtman assesses the race


Cody Combs
  • English
  • Arabic

Allan Lichtman, an American professor of history who has correctly predicted past US presidential elections, says Vice President Kamala Harris has a path to victory in November, even though President Joe Biden's decision to withdraw from the race will make things significantly more difficult for the Democratic Party.

Mr Biden announced on Sunday that he would no longer seek re-election and endorsed Ms Harris to compete against Republican nominee Donald Trump and seek a return to the White House.

Prof Lichtman uses his 13 keys prediction system to assess presidential races and says the withdrawal of Mr Biden makes things challenging for the Democrats.

“He's out, so they lose the incumbency key, but they still can retain the contest key,” said Prof Lichtman, explaining that if Ms Harris wins two thirds of delegate votes at the Democratic National Convention, she would have the party contest key.

“If the Democrats grow a spine and become smart, they will unite behind Harris as the consensus nominee and preserve the contest key, and forfeit only the single incumbency key,” he said during his YouTube show, just hours after Mr Biden's announcement.

Prof Lichtman has become something of a political science celebrity, with his YouTube channel attracting more than 52,000 subscribers who eagerly await announcements regarding his electoral predictions.

“There are still four shaky keys on which I haven't made my call – third party, social unrest, foreign policy failure and foreign policy success,” he explained, before returning to the importance of a smooth handover at the Democratic Party's convention in Chicago.

An internal party fight would matter “a great deal” to the outcome of the election, he said.

By any objective standard, Ms Harris is the front-runner, but with weeks to go before the convention, there is still plenty of time for speculation to swirl and other candidates to announce a run for the Democratic nomination and seek the support of delegates.

How does Lichtman's 13 keys model work?

The 13 keys to the White House is an index of true or false responses to a set of questions, based on a simple pattern recognition algorithm.

“True” answers favour the re-election of the incumbent, while “false” answers favour the challenger. When six or more of the statements are false, the incumbent party is predicted to lose.

Lichtman's 13 keys to the White House

Party mandate: After the midterm elections, the incumbent party holds more seats in the US House of Representatives than it did after the previous midterm elections.

Contest: The candidate is nominated on the first ballot and wins at least two thirds of the delegate votes.

Incumbency: The sitting President is the party candidate.

Third party: A third-party candidate wins at least five per cent of the popular vote.

Short-term economy: The National Bureau of Economic Research has either not declared a recession, or has declared it over before the election.

Long-term economy: Real per-capita economic growth during the term equals or exceeds the mean growth during the previous two terms.

Policy change: The administration achieves a major policy change during the term comparable to the New Deal, under Franklin Roosevelt, or the first-term revolution under Ronald Reagan.

Social unrest: There is no social unrest during the term that is comparable to the upheavals of the post-civil war Reconstruction or of the 1960s, and is sustained or raises deep concerns about the unravelling of society.

Scandal: There is no broad recognition of a scandal that directly touches on the President.

Foreign or military failure: There is no major failure during the term comparable to Pearl Harbour or the Iran hostage crisis that appears to significantly undermine America's national interests or threaten its standing in the world.

Foreign or military success: There is a major success during the term comparable to the winning of the Second World War or the Camp David Accords that significantly advances America's national interests or its standing in the world.

Incumbent charisma: The incumbent party candidate is a national hero comparable to Ulysses Grant or Dwight Eisenhower, or is an inspirational candidate comparable to Mr Roosevelt or Mr Reagan.

Challenger charisma: The challenger party candidate is not a national hero comparable to Mr Grant or Mr Eisenhower and is not an inspirational candidate comparable to Franklin Roosevelt or Ronald Reagan.

– Source: Allan Lichtman, The Thirteen Keys to the Presidency

After Mr Biden’s incoherent debate performance in June prompted calls for him to end his run for re-election, Prof Lichtman warned that such a move would jeopardise the incumbency key in his election prediction system, potentially giving the momentum to Mr Trump.

Prof Lichtman, who rose to international prominence in 2016 when he correctly predicted the election of Mr Trump, had not been shy about criticising those who called for Mr Biden to drop out.

“All of those pundits and journalists and political operatives who say Biden should drop out have absolutely no track record in predicting elections,” he said several weeks ago.

“Yet they claim to know what the Democrats should be doing to win this election, and once again, they’re trapped into looking at the polls. And all those same experts tracking the polls told us Hillary Clinton couldn’t lose.”

Confidence vacuum

Several weeks ago, Prof Lichtman said he felt it would be a strategic mistake for Mr Biden to step aside in the election race, and suggested he should resign as President, allowing Ms Harris to take office.

“Kamala Harris, much younger, no issue about her mental sharpness, would become President, that would check off the incumbency key, and Biden would release all his delegates to support Harris at the convention to avoid an internal party fight, and that would also check off the contest key,” he added.

That scenario has not quite panned out. Mr Biden made it clear that he would see out his term.

He has thrown his support behind his Vice President, which could help to give Mrs Harris momentum before the party convention.

But an uncertain and potentially chaotic event, similar to the 1968 Democratic convention held in Chicago after the assassination of Robert F Kennedy, could create a confidence vacuum and waste campaign resources, potentially giving Mr Trump an easier path to the White House.

Who is Allan Lichtman and what has he predicted?

While he was known in various political science circles for much of his career, Prof Lichtman broke through to the mainstream before the 2016 US presidential election when he accurately predicted Mr Trump would defeat heavily favoured Democratic nominee Hillary Clinton.

That prediction went against many polls and analyses at the time.

Shortly after Mr Trump won the race to the White House, he sent Prof Lichtman a signed note. “Professor, congrats, good call,” it said.

Prof Lichtman was also among the first to predict that Mr Trump would be impeached.

Former US president Donald Trump sent a signed note to Prof Allan Lichtman after he predicted the result of the 2016 election. Photo: Allan Lichtman
Former US president Donald Trump sent a signed note to Prof Allan Lichtman after he predicted the result of the 2016 election. Photo: Allan Lichtman

As for the 2024 US presidential election, Prof Lichtman has said he is not yet ready to lock in a prediction. “I have not made final prediction,” he said previously on his YouTube channel. “I hope to make it about the same time as I made it in 2020, which was August.”

Prof Lichtman has also been critical of polls, insisting that they hold little predictive value at this stage in the election race.

“That's the same kind of mistake that led the pollsters and pundits to be so dramatically wrong in 2016, to be wrong in 1988 and to be wrong in 2012,” he said.

Rise to prominence

Prof Lichtman made several media appearances after he predicted Mr Trump's election win in 2016. He has since been interviewed by media outlets all over the world, all seeking to gain insights that do not necessarily focus on polling.

He has correctly predicted every US election since 1984, with one discrepancy – the 2000 election between Al Gore, US vice president at the time, and George W Bush, who was governor of Texas.

Prof Lichtman predicted a victory for Mr Gore and, while he won the popular vote, there was controversy over vote tallies in Florida. A Supreme Court decision gave Mr Bush the electoral college victory and the presidency, a controversy that still generates ample debate to this day.

“Gore, based on the actual verdict of the voters, was the winner. What happened in Florida was voter suppression,” Prof Lichtman told The National last year. “And I wasn't the only one to come to that conclusion.”

It is not politics all the time for Prof Lichtman, however. He is also an avid distance runner and has written several books.

In 1981, he also had a successful series of victories on popular US game show, Tic Tac Dough.

“I won more than $100,000 in cash and prizes on that show,” he said. “I was on for four weeks and defeated 20 opponents.

His lengthy run on the show helped to prepare him for his countless TV and media interviews later in his career, he added. “Not only do you have to know a lot, but you can't freeze,” he recalled. “It takes a lot of stamina, they taped five shows in one day, and there were always technical glitches and sometimes the recordings would go late into the night.”

Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

The specs

Engine: 2.0-litre 4cyl turbo

Power: 261hp at 5,500rpm

Torque: 405Nm at 1,750-3,500rpm

Transmission: 9-speed auto

Fuel consumption: 6.9L/100km

On sale: Now

Price: From Dh117,059

The specs

Price: From Dh180,000 (estimate)

Engine: 2.0-litre turbocharged and supercharged in-line four-cylinder

Transmission: Eight-speed automatic

Power: 320hp @ 5,700rpm

Torque: 400Nm @ 2,200rpm

Fuel economy, combined: 9.7L / 100km

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BUNDESLIGA FIXTURES

Friday (UAE kick-off times)

Borussia Dortmund v Paderborn (11.30pm)

Saturday 

Bayer Leverkusen v SC Freiburg (6.30pm)

Werder Bremen v Schalke (6.30pm)

Union Berlin v Borussia Monchengladbach (6.30pm)

Eintracht Frankfurt v Wolfsburg (6.30pm)

Fortuna Dusseldof v  Bayern Munich (6.30pm)

RB Leipzig v Cologne (9.30pm)

Sunday

Augsburg v Hertha Berlin (6.30pm)

Hoffenheim v Mainz (9pm)

 

 

 

 

 

Visa changes give families fresh hope

Foreign workers can sponsor family members based solely on their income

Male residents employed in the UAE can sponsor immediate family members, such as wife and children, subject to conditions that include a minimum salary of Dh 4,000 or Dh 3,000 plus accommodation.

Attested original marriage certificate, birth certificate of the child, ejari or rental contract, labour contract, salary certificate must be submitted to the government authorised typing centre to complete the sponsorship process

In Abu Dhabi, a woman can sponsor her husband and children if she holds a residence permit stating she is an engineer, teacher, doctor, nurse or any profession related to the medical sector and her monthly salary is at least Dh 10,000 or Dh 8,000 plus accommodation.

In Dubai, if a woman is not employed in the above categories she can get approval to sponsor her family if her monthly salary is more than Dh 10,000 and with a special permission from the Department of Naturalization and Residency Dubai.

To sponsor parents, a worker should earn Dh20,000 or Dh19,000 a month, plus a two-bedroom accommodation

 

 

 

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Other workplace saving schemes
  • The UAE government announced a retirement savings plan for private and free zone sector employees in 2023.
  • Dubai’s savings retirement scheme for foreign employees working in the emirate’s government and public sector came into effect in 2022.
  • National Bonds unveiled a Golden Pension Scheme in 2022 to help private-sector foreign employees with their financial planning.
  • In April 2021, Hayah Insurance unveiled a workplace savings plan to help UAE employees save for their retirement.
  • Lunate, an Abu Dhabi-based investment manager, has launched a fund that will allow UAE private companies to offer employees investment returns on end-of-service benefits.
Avatar: Fire and Ash

Director: James Cameron

Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana

Rating: 4.5/5

How to help

Donate towards food and a flight by transferring money to this registered charity's account.

Account name: Dar Al Ber Society

Account Number: 11 530 734

IBAN: AE 9805 000 000 000 11 530 734

Bank Name: Abu Dhabi Islamic Bank

To ensure that your contribution reaches these people, please send the copy of deposit/transfer receipt to: juhi.khan@daralber.ae

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MOUNTAINHEAD REVIEW

Starring: Ramy Youssef, Steve Carell, Jason Schwartzman

Director: Jesse Armstrong

Rating: 3.5/5

TV: World Cup Qualifier 2018 matches will be aired on on OSN Sports HD Cricket channel

Company%20Profile
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Planes grounded by coronavirus

British Airways: Cancels all direct flights to and from mainland China 

Hong Kong-based Cathay Pacific: Cutting capacity to/from mainland China by 50 per cent from Jan. 30

Chicago-based United Airlines: Reducing flights to Beijing, Shanghai, and Hong Kong

Ai Seoul:  Suspended all flights to China

Finnair: Suspending flights to Nanjing and Beijing Daxing until the end of March

Indonesia's Lion Air: Suspending all flights to China from February

South Korea's Asiana Airlines,  Jeju Air  and Jin Air: Suspend all flights

Company profile

Name: Dukkantek 

Started: January 2021 

Founders: Sanad Yaghi, Ali Al Sayegh and Shadi Joulani 

Based: UAE 

Number of employees: 140 

Sector: B2B Vertical SaaS(software as a service) 

Investment: $5.2 million 

Funding stage: Seed round 

Investors: Global Founders Capital, Colle Capital Partners, Wamda Capital, Plug and Play, Comma Capital, Nowais Capital, Annex Investments and AMK Investment Office  

Result

2.15pm: Maiden Dh75,000 1,950m; Winner: Majestic Thunder, Tadhg O’Shea (jockey), Satish Seemar (trainer).

2.45pm: Handicap Dh80,000 1,800m; Winner: Tailor’s Row, Royston Ffrench, Salem bin Ghadayer.

3.15pm: Handicap Dh85,000 1,600m; Winner: Native Appeal, Adam McLean, Doug Watson.

3.45pm: Handicap Dh115,000 1,950m; Winner: Conclusion, Antonio Fresu, Musabah Al Muhairi.

4.15pm: Handicap Dh100,000 1,400m; Winner: Pilgrim’s Treasure, Tadhg O’Shea, Satish Seemar.

4.45pm: Maiden Dh75,000 1,400m; Winner: Sanad Libya, Richard Mullen, Satish Seemar.

5.15pm: Handicap Dh90,000 1,000m; Winner: Midlander, Richard Mullen, Satish Seemar

Updated: September 05, 2024, 11:35 AM