Officials on high alert in Arizona's Maricopa County as they hope to avoid election count disruption


Ellie Sennett
  • English
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Inside a fenced and walled-off security compound at the vote tabulation centre in Phoenix, Maricopa County, local officials emerged hours into election day to celebrate “calm” as Arizona voters cast their ballots.

Maricopa, with a population of 3.9 million, is Arizona's largest county and in 2020 it was targeted by Donald Trump and his supporters as they claimed fraud after Democrat Joe Biden won by just 0.4 percentage points. It has been a hotspot for conspiracy theories since then.

County Sheriff Russ Skinner told reporters that every local security agency remains “dialled up” as election day continues, and so far there have been “no credible threats relative to public safety”.

Fears of, and preparations for, violence are reflected at the national level this election cycle. A Scripps News/Ipsos poll found that 62 per cent of Americans – including 70 per cent of Democrats and 59 per cent of Republicans – say violence related to the election this year is somewhat or very likely.

The FBI warned of bomb threats at polling stations in “multiple” US states on Tuesday, adding that none were credible but many appeared to have originated from Russia. Authorities in the US state of Georgia earlier said bomb threats had briefly disrupted voting in some precincts.

This election cycle has been a volatile one, and security for election day had reached unprecedented levels given concerns over the possibility of civil unrest, election rigging and violence against poll workers.

Maricopa County supervisor Bill Gates said the county had invested millions of dollars into making sure “the workers who are here today feel safe”.

“Things have been very calm,” he added.

The National on Tuesday observed vote counters, operating in shifts, tally ballots with mistaken markings or ink stains to “determine voter intent”. These bipartisan volunteers are brought in by vetted applications, county officials said.

The county did not allow close-up photographs of election workers, in part out of concern for their safety.

In Arizona, the sole swing state of this election to border Mexico, growing anti-immigrant sentiment in the US has played a major role in “setting the stage for election denialism”, immigration advocate Victor Guillen Febres – an immigrant from Venezuela who works with the national group United We Dream – told The National on an early morning canvass.

Mr Trump's powerful allies, like Tesla founder and X chief executive Elon Musk, have claimed Democrats are “importing” immigrants who will vote for them in elections. Others have alleged undocumented migrants have cast ballots without the legal status to do so.

“We have seen this hateful rhetoric really divide and confuse people about our electoral process, but even more importantly it actually leads to real hate and violence in our communities,” said Mr Febres.

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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.”

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Updated: November 06, 2024, 2:27 PM