Rolls of 'I Voted' stickers at the Maricopa County Tabulation and Election Centre ahead of the Arizona primary and general elections in Phoenix. AFP
Rolls of 'I Voted' stickers at the Maricopa County Tabulation and Election Centre ahead of the Arizona primary and general elections in Phoenix. AFP
Rolls of 'I Voted' stickers at the Maricopa County Tabulation and Election Centre ahead of the Arizona primary and general elections in Phoenix. AFP
Rolls of 'I Voted' stickers at the Maricopa County Tabulation and Election Centre ahead of the Arizona primary and general elections in Phoenix. AFP

A third of Americans say they will not accept election results if their candidate loses


Sara Ruthven
  • English
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Latest updates: Follow our full coverage on the US election

About a third of Americans in a recent survey said they would not accept the results of the US election if their candidate were to lose.

According to a report by the World Justice Project, nearly half of Republican respondents say they would not accept the election results if the Democratic candidate wins.

Included in those figures, 14 per cent Republicans and about 11 per cent of Democrats said they would take action to overturn election results if the other party won. The report did not specify what action respondents might take in response to the election not going as they hope.

“This points to a potential crisis of legitimacy that could undermine the stability of the electoral process,” said the report by the World Justice Project, a non-profit whose state mission is working to advance the rule of law worldwide.

Elizabeth Andersen, executive director of the organisation, told USA Today that the survey results were “startling” and said they seem “like a recipe for potential conflict in the aftermath of the election”.

As the US Congress met on January 6, 2021, to certify Joe Biden's electoral win in November, a mob of Donald Trump supporters stormed the Capitol in an attempt to overturn the results.

The level of political polarisation in the country is again at such a pitch that there are fears there may be another attempt to change the outcome of the election.

The wider report from the World Justice Project showed a general deterioration in the public’s perception of the rule of law in the country compared to previous years.

A majority of Americans view the current state of the rule of law in the US negatively, “despite their positive associations with the concept of rule of law itself”, the report said.

“This dichotomy reflects growing concerns over the actual implementation and integrity of the rule of law in the country,” it added.

“While both Democrats and Republicans overwhelmingly agree on the critical importance of the rule of law for the future of the United States, its democracy, and their own lives, these shared beliefs mask deeper concerns about the erosion of government accountability and institutional trust.”

The report also highlighted that a greater percentage of Democrats believe that high-ranking government officials are held accountable for misconduct, but indicated that Republicans have grown increasingly pessimistic on this topic.

Republican candidate Mr Trump is facing numerous criminal and civil cases as he continues his campaign for the White House. Many of his supporters view the cases as politically motivated.

At the same time, the percentage of respondents who agree the president must always obey the law has decreased since 2018, dropping from 87 per cent to 83 per cent.

“Overall trust in many key institutions has decreased since 2018, with a particularly pronounced decline in confidence in judges and the media,” the report said.

As to the electoral process itself, Democrats were more likely to respond positively to questions on electoral authorities including officials' trustworthiness – 67 per cent compared to 34 per cent of Republicans – and the process's ability to prevent fraud – 56 per cent compared to 29 per cent of Republicans.

Republicans, meanwhile, are more likely to believe that voting is equally accessible and convenient for all citizens.

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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.”

Roll of honour 2019-2020

Dubai Rugby Sevens
Winners: Dubai Hurricanes
Runners up: Bahrain

West Asia Premiership
Winners: Bahrain
Runners up: UAE Premiership

UAE Premiership
}Winners: Dubai Exiles
Runners up: Dubai Hurricanes

UAE Division One
Winners: Abu Dhabi Saracens
Runners up: Dubai Hurricanes II

UAE Division Two
Winners: Barrelhouse
Runners up: RAK Rugby

PROFILE OF STARZPLAY

Date started: 2014

Founders: Maaz Sheikh, Danny Bates

Based: Dubai, UAE

Sector: Entertainment/Streaming Video On Demand

Number of employees: 125

Investors/Investment amount: $125 million. Major investors include Starz/Lionsgate, State Street, SEQ and Delta Partners

Updated: September 17, 2024, 5:33 PM