US President Joe Biden said on Friday that only “the Lord Almighty” could convince him to give up on his effort for re-election, despite growing calls from fellow Democrats to do so following a disastrous debate against his Republican opponent Donald Trump.
During a prime time interview with ABC, Mr Biden blamed a cold and exhaustion for his “bad night” last week, insisting that he was mentally and physically fit for a second term.
He did, however, refuse to commit to taking a cognitive test and having the results released to the public.
“I wouldn't be running if I didn't think I did” have the capacity for a second term, he said, but that he is staying in the race “because I think I understand best what has to be done”.
He contested the accuracy of current polling, saying “I remember them telling me the same thing in 2020, I can't win, the polls show I can't win” before he was ultimately successful.
Mr Biden said that all the pollsters he has talked to have said the election is “a toss-up”.
“I don't think anyone is as qualified to be president or win the race as me,” he said, adding that he would only step aside if the “Lord Almighty” came down and told him to.
The President projected similar strength during an earlier event in Wisconsin, telling supporters he had beaten Republican candidate Trump once and “I will beat him again”.
“You probably heard we had a little debate last week. Can’t say it was my best performance,” he said, referring to his frequent stumbles and meandering answers when he faced off against Trump in Atlanta at the end of last month.
“But ever since then, there’s been a lot of speculation. ‘What’s Joe going to do? Is he going to stay in the race? Is he going to drop out? What’s he going to do? Well, here’s my answer: I am running and going to win again.”
The Biden campaign announced it would be putting $50 million towards advertising for the month of July, according to Politico, with the President scheduled to headline the NAACP and UnidosUS conferences in Las Vegas, Nevada, during the Republican National Convention.
The announcement came as a report showed that a group of Democrats – led by Senator Mark Warner – was forming, with the aim of asking Mr Biden to step down.
The Washington Post reported on Friday that Mr Warner, whose state of Virginia must be won by Democrats in November to keep the White House, is telling politicians in his party that the President can no longer remain in the election following his debate performance.
Also on Friday, US Representative Mike Quigley became the fourth Democrat to call on Mr Biden to step aside.
Amid the panic in Democratic circles, the front-runner to potentially replace Mr Biden on the ticket is his own vice president.
Following the debate, Ms Harris threw herself into the wagon-circling by the administration and Democratic politicians, highlighting how the event was one moment in a long string of achievements.
In a testy exchange during a CNN interview, she said: “I’m not going to spend all night with you talking about the last 90 minutes when I’ve been watching the last three and a half years of performance.”
She conceded later during a donor conference in San Francisco, that the President’s performance was “not his finest hour”, but insisted that “the outcome of this election cannot be determined by one day in June”.
Her dogged support for her boss has not dissuaded speculation that she could replace Mr Biden on the Democratic ticket.
The Trump campaign has already gone on the offensive, with Axios reporting the former president is planning a public relations assault against Ms Harris.
In a video leaked earlier this week, a golf cart-riding Trump can be heard calling the President “broken down” and on the verge of “quitting the race”, while expresses hope that Ms Harris will be named the candidate.
“I think she’s going to be better” as an opponent, Trump said in the video, adding: “She’s so bad. She’s so pathetic.”
But Trump may be engaging in this advance attack for a reason: polling released since the debate has offered more encouraging signs for Ms Harris than other possible contenders, with a CNN survey finding she trailed Trump 45 per cent to 47 per cent, respectively, in a hypothetical matchup. In comparison, Trump led Mr Biden 49 per cent to 43 per cent.
A Reuters/Ipsos had her at 42 per cent to Trump's 43 per cent. The same poll had Mr Biden and Trump in a dead heat.
The differences are slight but are a marked improvement over pre-debate polls.
Bloomberg cited an anonymous Democratic operative as saying that more sceptics within the party are moving into the “K-Hive”– a nickname for the Vice President’s supporters.
Representative James Clyburn of South Carolina, historically a major supporter of the President, said following the debate that Mr Biden should keep fighting. But he noted in an interview that, as “a Biden-Harris person”, he would support Ms Harris if the President was not an option.
Quick%20facts
%3Cul%3E%0A%3Cli%3EStorstockholms%20Lokaltrafik%20(SL)%20offers%20free%20guided%20tours%20of%20art%20in%20the%20metro%20and%20at%20the%20stations%3C%2Fli%3E%0A%3Cli%3EThe%20tours%20are%20free%20of%20charge%3B%20all%20you%20need%20is%20a%20valid%20SL%20ticket%2C%20for%20which%20a%20single%20journey%20(valid%20for%2075%20minutes)%20costs%2039%20Swedish%20krone%20(%243.75)%3C%2Fli%3E%0A%3Cli%3ETravel%20cards%20for%20unlimited%20journeys%20are%20priced%20at%20165%20Swedish%20krone%20for%2024%20hours%3C%2Fli%3E%0A%3Cli%3EAvoid%20rush%20hour%20%E2%80%93%20between%209.30%20am%20and%204.30%20pm%20%E2%80%93%20to%20explore%20the%20artwork%20at%20leisure%3C%2Fli%3E%0A%3C%2Ful%3E%0A
GAC GS8 Specs
Engine: 2.0-litre 4cyl turbo
Power: 248hp at 5,200rpm
Torque: 400Nm at 1,750-4,000rpm
Transmission: 8-speed auto
Fuel consumption: 9.1L/100km
On sale: Now
Price: From Dh149,900
The specs
- Engine: 3.9-litre twin-turbo V8
- Power: 640hp
- Torque: 760nm
- On sale: 2026
- Price: Not announced yet
Killing of Qassem Suleimani
Match info
Australia 580
Pakistan 240 and 335
Result: Australia win by an innings and five runs
Not Dark Yet
Shelby Lynne and Allison Moorer
Four stars
Our legal consultants
Name: Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants.
The bio:
Favourite film:
Declan: It was The Commitments but now it’s Bohemian Rhapsody.
Heidi: The Long Kiss Goodnight.
Favourite holiday destination:
Declan: Las Vegas but I also love getting home to Ireland and seeing everyone back home.
Heidi: Australia but my dream destination would be to go to Cuba.
Favourite pastime:
Declan: I love brunching and socializing. Just basically having the craic.
Heidi: Paddleboarding and swimming.
Personal motto:
Declan: Take chances.
Heidi: Live, love, laugh and have no regrets.
KILLING OF QASSEM SULEIMANI
The specs
Engine: 2.0-litre 4-cyl turbo
Power: 201hp at 5,200rpm
Torque: 320Nm at 1,750-4,000rpm
Transmission: 6-speed auto
Fuel consumption: 8.7L/100km
Price: Dh133,900
On sale: now
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.”
Getting there
The flights
Flydubai operates up to seven flights a week to Helsinki. Return fares to Helsinki from Dubai start from Dh1,545 in Economy and Dh7,560 in Business Class.
The stay
Golden Crown Igloos in Levi offer stays from Dh1,215 per person per night for a superior igloo; www.leviniglut.net
Panorama Hotel in Levi is conveniently located at the top of Levi fell, a short walk from the gondola. Stays start from Dh292 per night based on two people sharing; www. golevi.fi/en/accommodation/hotel-levi-panorama
Arctic Treehouse Hotel in Rovaniemi offers stays from Dh1,379 per night based on two people sharing; www.arctictreehousehotel.com
SCORES IN BRIEF
Lahore Qalandars 186 for 4 in 19.4 overs
(Sohail 100,Phil Salt 37 not out, Bilal Irshad 30, Josh Poysden 2-26)
bt Yorkshire Vikings 184 for 5 in 20 overs
(Jonathan Tattersall 36, Harry Brook 37, Gary Ballance 33, Adam Lyth 32, Shaheen Afridi 2-36).
Company%20profile
%3Cp%3E%3Cstrong%3ECompany%3A%20%3C%2Fstrong%3ESplintr%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStarted%3A%20%3C%2Fstrong%3EMay%202019%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EFounders%3A%20%3C%2Fstrong%3EMohammad%20AlMheiri%20and%20Badr%20AlBadr%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EBased%3A%20%3C%2Fstrong%3EDubai%20and%20Riyadh%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ESector%3A%20%3C%2Fstrong%3Epayments%20%2F%20FinTech%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ESize%3A%20%3C%2Fstrong%3E10%20employees%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EInitial%20investment%3A%20%3C%2Fstrong%3Eundisclosed%20seven-figure%20sum%20%2F%20pre-seed%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStage%3A%20%3C%2Fstrong%3Eseed%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EInvestors%3A%20%3C%2Fstrong%3Eangel%20investors%3C%2Fp%3E%0A
Our legal consultants
Name: Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants.
UAE currency: the story behind the money in your pockets
Avatar: Fire and Ash
Director: James Cameron
Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana
Rating: 4.5/5
if you go
The flights
Air Astana flies direct from Dubai to Almaty from Dh2,440 per person return, and to Astana (via Almaty) from Dh2,930 return, both including taxes.
The hotels
Rooms at the Ritz-Carlton Almaty cost from Dh1,944 per night including taxes; and in Astana the new Ritz-Carlton Astana (www.marriott) costs from Dh1,325; alternatively, the new St Regis Astana costs from Dh1,458 per night including taxes.
When to visit
March-May and September-November
Visas
Citizens of many countries, including the UAE do not need a visa to enter Kazakhstan for up to 30 days. Contact the nearest Kazakhstan embassy or consulate.
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