Protesters rally at the Ohio Statehouse after the Supreme Court overturned Roe vs. Wade on June 24, 2022 in Columbus, Ohio. AP
Protesters rally at the Ohio Statehouse after the Supreme Court overturned Roe vs. Wade on June 24, 2022 in Columbus, Ohio. AP
Protesters rally at the Ohio Statehouse after the Supreme Court overturned Roe vs. Wade on June 24, 2022 in Columbus, Ohio. AP
Protesters rally at the Ohio Statehouse after the Supreme Court overturned Roe vs. Wade on June 24, 2022 in Columbus, Ohio. AP


It's not a good look for US courts to be at the centre of a political maelstrom


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August 15, 2023

US political realities are being dominated by the legal system and the judiciary to a virtually unprecedented degree. An activist, ultra-conservative and highly assertive Supreme Court is setting itself up as the premier national decision-making body. State Supreme Courts are also asserting extraordinary powers. And high-profile criminal cases may, more than anything else, define the next presidential election.

The Supreme Court's reactionary Catholic majority is simultaneously pleasing and roiling both friends and foes. In particular, the 2022 Dobbs v Jackson Women's Health Organisation ruling that stripped women of a 50-year-old constitutional right to reproductive choice early in a pregnancy is having a devastating effect on women seeking health care in much of the country. But it's also proving even more of a political bombshell than many liberals hoped and some conservatives feared.

No one was sure if the initial outpouring of anger from women's rights groups and others would have a sustained long-term political impact. After all, other issues could overtake reproductive rights for attention, or the politics of abortion access could find its own equilibrium in various states. But the issue has remained a top national political force.

Protesters march around the Arizona Capitol after the Supreme Court decision to overturn the Roe v. Wade, on June 24, 2022, in Phoenix. AP
Protesters march around the Arizona Capitol after the Supreme Court decision to overturn the Roe v. Wade, on June 24, 2022, in Phoenix. AP

It's clear that the Supreme Court ruling is more profoundly at odds with majority American public opinion than initially understood, not only in liberal or moderate states, but in some highly conservative ones. That certainly helped the Democrats perform far better in the 2022 midterms than was widely expected. It seems likely to be a major asset to Democratic candidates in general, and President Joe Biden's re-election bid in particular, in 2024.

Every time voters have been able to make their voices heard directly through state referenda, abortion access has won decisively. Nonetheless, conservative courts are working to maintain these restrictions despite the popular will. This is likely to maintain and exacerbate the sense of outrage.

Ohio's anti-choice laws are so strict that a pregnant 10-year-old rape victim had to flee to nearby Indiana to access healthcare that saved her from dire consequences of giving birth at her age

In highly conservative Kentucky, voters overwhelmingly sided with abortion access. Nonetheless, the state Supreme Court, following the national court's lead, ruled that two highly restrictive 2019 state laws, one banning nearly all abortions and the other banning all beyond six weeks of pregnancy, should remain in place for now, despite the will of most voters.

The right-wing state legislature in Ohio – which used to be reliably liberal but has become distinctly conservative in recent years – has taken note of this trend. It sought to prevent voters from amending the state constitution to protect reproductive rights in a coming November ballot initiative.

Even though Ohio conservatives have been campaigning against August referenda as bad for democracy because they typically produce low voter turnout in the lazy summer months, that's exactly when they introduced a ballot initiative to require many more signatures to introduce a measure and a 60 per cent supermajority, rather than the existing simple majority, to amend the state constitution.

People gather to protest the Supreme Courts 6-3 decision in the Dobbs v. Jackson Women’s Health Organisation at Washington Square Park on June 24, 2022 in New York City. AFP
People gather to protest the Supreme Courts 6-3 decision in the Dobbs v. Jackson Women’s Health Organisation at Washington Square Park on June 24, 2022 in New York City. AFP

They were obviously counting on the very qualities about an August vote against which they had complained so bitterly. And even though the referendum issue was only indirectly about reproductive rights, turnout was unusually large and the anti-choice measure was trounced by a massive 14 points. Given voting patterns from the past two elections, it's obvious that plenty of Republicans and conservative voters joined liberals in rejecting the cynical ploy.

Ohio's anti-choice laws are so strict that a pregnant 10-year-old rape victim had to flee to nearby Indiana to access health care that saved her from likely dire physical and personal consequences of giving birth at her age. Such cases are happening throughout the country, and the backlash is proving broad, deep and long-lasting. So, the Supreme Court has delivered individual women and the Republican Party massive, albeit very different, crises at the national level and in many states.

The Supreme Court itself is increasingly bedevilled by unprecedented corruption accusations, particularly regarding the longest-serving justice, Clarence Thomas. Hardly a week goes by without new revelations of gifts and benefits he has received from numerous wealthy "friends,” including underwriting his motorhome, purchasing and refurbishing his mother's home, paying his ward’s tuition and lavish vacations – including 38 trips abroad, 34 private jet or helicopter rides, numerous yacht voyages, resort vacations and exclusive club memberships – among many others.

In November 2022, I wrote in these pages that the Supreme Court has become “the most corrupt, corrupted and corrupting” major national institution. The case for that has grown significantly stronger since then. A reasonable person would surely see this as public office being used for private gain.

From this “exalted” level of constitutional jurisprudence to more down and dirty criminal prosecutions, both sides in the likely rematch between Mr Biden and his predecessor, Donald Trump, are being haunted by criminal prosecutions.

An investigation of Mr Biden's son, Hunter, begun during Mr Trump's presidency over alleged tax and gun offences was continued by the Biden administration under the same federal prosecutor, David Weiss, to avoid accusations of favouritism.

Hunter Biden, son of US President Joe Biden, departs from the federal court after a plea hearing on two misdemeanour charges of willfully failing to pay income taxes in Wilmington, Delaware, US, on July 26. Reuters
Hunter Biden, son of US President Joe Biden, departs from the federal court after a plea hearing on two misdemeanour charges of willfully failing to pay income taxes in Wilmington, Delaware, US, on July 26. Reuters

A plea deal that probably would have spared him prison time was rejected by a judge and is now being renegotiated, although the charges might go to trial. Mr Weiss has been elevated to special counsel status, providing him additional independence. For President Biden, the danger is a constant drip-drip of news about his son's legal travails – dovetailing with evidence-free Republican accusations that the two Bidens partnered in corruption schemes – could harm his re-election prospects.

It could even help offset the tsunami of criminal trials facing his likely opponent, Mr Trump. Though the charges against the younger Mr Biden are trivial in comparison to the over 100 already facing Mr Trump, much of the public may assume a false equivalence. Mr Trump has now been criminally indicted for a fourth time over an alleged plot to overturn the 2020 election results in Georgia. The prosecutor has introduced a sprawling racketeering case involving 18 defendants, the opposite approach to that of special counsel Jack Smith, who has charged Mr Trump alone to promote speed and simplicity.

Either way, unless Hunter Biden secures a stable plea agreement with his father's Justice Department, his trial could attenuate public dismay with Mr Trump.

With the corruption-contaminated US Supreme Court and state-level equivalents deeply at odds with public sentiments, and criminal trials bedevilling the likely Republican nominee and, possibly, the son of his Democratic opponent, US courts find themselves inappropriately at the centre of the national political maelstrom. That's unhealthy, alarming and bad for almost everyone.

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.”

Champions League Last 16

Red Bull Salzburg (AUT) v Bayern Munich (GER) 

Sporting Lisbon (POR) v Manchester City (ENG) 

Benfica (POR) v Ajax (NED) 

Chelsea (ENG) v Lille (FRA) 

Atletico Madrid (ESP) v Manchester United (ENG) 

Villarreal (ESP) v Juventus (ITA) 

Inter Milan (ITA) v Liverpool (ENG) 

Paris Saint-Germain v Real Madrid (ESP)  

%3Cp%3E%3Cstrong%3ETHE%20SPECS%3C%2Fstrong%3E%0D%3Cbr%3EEngine%3A%203.5-litre%20V6%0D%3Cbr%3ETransmission%3A%209-speed%20automatc%0D%3Cbr%3EPower%3A%20279hp%0D%3Cbr%3ETorque%3A%20350Nm%0D%3Cbr%3EPrice%3A%20From%20Dh250%2C000%0D%3Cbr%3EOn%20sale%3A%20Now%3C%2Fp%3E%0A
Should late investors consider cryptocurrencies?

Wealth managers recommend late investors to have a balanced portfolio that typically includes traditional assets such as cash, government and corporate bonds, equities, commodities and commercial property.

They do not usually recommend investing in Bitcoin or other cryptocurrencies due to the risk and volatility associated with them.

“It has produced eye-watering returns for some, whereas others have lost substantially as this has all depended purely on timing and when the buy-in was. If someone still has about 20 to 25 years until retirement, there isn’t any need to take such risks,” Rupert Connor of Abacus Financial Consultant says.

He adds that if a person is interested in owning a business or growing a property portfolio to increase their retirement income, this can be encouraged provided they keep in mind the overall risk profile of these assets.

Dirham Stretcher tips for having a baby in the UAE

Selma Abdelhamid, the group's moderator, offers her guide to guide the cost of having a young family:

• Buy second hand stuff

 They grow so fast. Don't get a second hand car seat though, unless you 100 per cent know it's not expired and hasn't been in an accident.

• Get a health card and vaccinate your child for free at government health centres

 Ms Ma says she discovered this after spending thousands on vaccinations at private clinics.

• Join mum and baby coffee mornings provided by clinics, babysitting companies or nurseries.

Before joining baby classes ask for a free trial session. This way you will know if it's for you or not. You'll be surprised how great some classes are and how bad others are.

• Once baby is ready for solids, cook at home

Take the food with you in reusable pouches or jars. You'll save a fortune and you'll know exactly what you're feeding your child.

START-UPS%20IN%20BATCH%204%20OF%20SANABIL%20500'S%20ACCELERATOR%20PROGRAMME
%3Cp%3E%3Cstrong%3ESaudi%20Arabia%3C%2Fstrong%3E%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EJoy%3A%3C%2Fstrong%3E%20Delivers%20car%20services%20with%20affordable%20prices%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EKaraz%3A%3C%2Fstrong%3E%20Helps%20diabetics%20with%20gamification%2C%20IoT%20and%20real-time%20data%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EMedicarri%3A%3C%2Fstrong%3E%20Medical%20marketplace%20that%20connects%20clinics%20with%20suppliers%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EMod5r%3C%2Fstrong%3E%3A%20Makes%20automated%20and%20recurring%20investments%20to%20grow%20wealth%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStuck%3A%3C%2Fstrong%3E%20Live%2C%20on-demand%20language%20support%20to%20boost%20writing%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EWalzay%3A%3C%2Fstrong%3E%20Helps%20in%20recruitment%20while%20reducing%20hiring%20time%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EUAE%3C%2Fstrong%3E%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EEighty6%3A%20%3C%2Fstrong%3EMarketplace%20for%20restaurant%20and%20supplier%20procurements%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EFarmUnboxed%3A%20%3C%2Fstrong%3EHelps%20digitise%20international%20food%20supply%20chain%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ENutriCal%3A%3C%2Fstrong%3E%20Helps%20F%26amp%3BB%20businesses%20and%20governments%20with%20nutritional%20analysis%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EWellxai%3A%3C%2Fstrong%3E%20Provides%20insurance%20that%20enables%20and%20rewards%20user%20habits%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EEgypt%3C%2Fstrong%3E%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EAmwal%3A%3C%2Fstrong%3E%20A%20Shariah-compliant%20crowd-lending%20platform%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EDeben%3A%3C%2Fstrong%3E%20Helps%20CFOs%20manage%20cash%20efficiently%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EEgab%3A%3C%2Fstrong%3E%20Connects%20media%20outlets%20to%20journalists%20in%20hard-to-reach%20areas%20for%20exclusives%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ENeqabty%3A%3C%2Fstrong%3E%20Digitises%20financial%20and%20medical%20services%20of%20labour%20unions%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EOman%3C%2Fstrong%3E%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EMonak%3A%3C%2Fstrong%3E%20Provides%20financial%20inclusion%20and%20life%20services%20to%20migrants%3C%2Fp%3E%0A
Forced%20Deportations
%3Cp%3EWhile%20the%20Lebanese%20government%20has%20deported%20a%20number%20of%20refugees%20back%20to%20Syria%20since%202011%2C%20the%20latest%20round%20is%20the%20first%20en-mass%20campaign%20of%20its%20kind%2C%20say%20the%20Access%20Center%20for%20Human%20Rights%2C%20a%20non-governmental%20organization%20which%20monitors%20the%20conditions%20of%20Syrian%20refugees%20in%20Lebanon.%3C%2Fp%3E%0A%3Cp%3E%E2%80%9CIn%20the%20past%2C%20the%20Lebanese%20General%20Security%20was%20responsible%20for%20the%20forced%20deportation%20operations%20of%20refugees%2C%20after%20forcing%20them%20to%20sign%20papers%20stating%20that%20they%20wished%20to%20return%20to%20Syria%20of%20their%20own%20free%20will.%20Now%2C%20the%20Lebanese%20army%2C%20specifically%20military%20intelligence%2C%20is%20responsible%20for%20the%20security%20operation%2C%E2%80%9D%20said%20Mohammad%20Hasan%2C%20head%20of%20ACHR.%3Cbr%3EIn%20just%20the%20first%20four%20months%20of%202023%20the%20number%20of%20forced%20deportations%20is%20nearly%20double%20that%20of%20the%20entirety%20of%202022.%26nbsp%3B%3C%2Fp%3E%0A%3Cp%3ESince%20the%20beginning%20of%202023%2C%20ACHR%20has%20reported%20407%20forced%20deportations%20%E2%80%93%20200%20of%20which%20occurred%20in%20April%20alone.%26nbsp%3B%3C%2Fp%3E%0A%3Cp%3EIn%20comparison%2C%20just%20154%20people%20were%20forcfully%20deported%20in%202022.%3C%2Fp%3E%0A
Violence%20
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Our legal consultant

Name: Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.

Company profile

Date started: 2015

Founder: John Tsioris and Ioanna Angelidaki

Based: Dubai

Sector: Online grocery delivery

Staff: 200

Funding: Undisclosed, but investors include the Jabbar Internet Group and Venture Friends

Revival
Eminem
Interscope

Key findings of Jenkins report
  • Founder of the Muslim Brotherhood, Hassan al Banna, "accepted the political utility of violence"
  • Views of key Muslim Brotherhood ideologue, Sayyid Qutb, have “consistently been understood” as permitting “the use of extreme violence in the pursuit of the perfect Islamic society” and “never been institutionally disowned” by the movement.
  • Muslim Brotherhood at all levels has repeatedly defended Hamas attacks against Israel, including the use of suicide bombers and the killing of civilians.
  • Laying out the report in the House of Commons, David Cameron told MPs: "The main findings of the review support the conclusion that membership of, association with, or influence by the Muslim Brotherhood should be considered as a possible indicator of extremism."
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UAE currency: the story behind the money in your pockets
What can victims do?

Always use only regulated platforms

Stop all transactions and communication on suspicion

Save all evidence (screenshots, chat logs, transaction IDs)

Report to local authorities

Warn others to prevent further harm

Courtesy: Crystal Intelligence

Dubai Bling season three

Cast: Loujain Adada, Zeina Khoury, Farhana Bodi, Ebraheem Al Samadi, Mona Kattan, and couples Safa & Fahad Siddiqui and DJ Bliss & Danya Mohammed 

Rating: 1/5

COMPANY PROFILE
Name: Mamo 

 Year it started: 2019 Founders: Imad Gharazeddine, Asim Janjua

 Based: Dubai, UAE

 Number of employees: 28

 Sector: Financial services

 Investment: $9.5m

 Funding stage: Pre-Series A Investors: Global Ventures, GFC, 4DX Ventures, AlRajhi Partners, Olive Tree Capital, and prominent Silicon Valley investors. 

 
Your rights as an employee

The government has taken an increasingly tough line against companies that fail to pay employees on time. Three years ago, the Cabinet passed a decree allowing the government to halt the granting of work permits to companies with wage backlogs.

The new measures passed by the Cabinet in 2016 were an update to the Wage Protection System, which is in place to track whether a company pays its employees on time or not.

If wages are 10 days late, the new measures kick in and the company is alerted it is in breach of labour rules. If wages remain unpaid for a total of 16 days, the authorities can cancel work permits, effectively shutting off operations. Fines of up to Dh5,000 per unpaid employee follow after 60 days.

Despite those measures, late payments remain an issue, particularly in the construction sector. Smaller contractors, such as electrical, plumbing and fit-out businesses, often blame the bigger companies that hire them for wages being late.

The authorities have urged employees to report their companies at the labour ministry or Tawafuq service centres — there are 15 in Abu Dhabi.

North Pole stats

Distance covered: 160km

Temperature: -40°C

Weight of equipment: 45kg

Altitude (metres above sea level): 0

Terrain: Ice rock

South Pole stats

Distance covered: 130km

Temperature: -50°C

Weight of equipment: 50kg

Altitude (metres above sea level): 3,300

Terrain: Flat ice
 

UAE currency: the story behind the money in your pockets
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What are NFTs?

Are non-fungible tokens a currency, asset, or a licensing instrument? Arnab Das, global market strategist EMEA at Invesco, says they are mix of all of three.

You can buy, hold and use NFTs just like US dollars and Bitcoins. “They can appreciate in value and even produce cash flows.”

However, while money is fungible, NFTs are not. “One Bitcoin, dollar, euro or dirham is largely indistinguishable from the next. Nothing ties a dollar bill to a particular owner, for example. Nor does it tie you to to any goods, services or assets you bought with that currency. In contrast, NFTs confer specific ownership,” Mr Das says.

This makes NFTs closer to a piece of intellectual property such as a work of art or licence, as you can claim royalties or profit by exchanging it at a higher value later, Mr Das says. “They could provide a sustainable income stream.”

This income will depend on future demand and use, which makes NFTs difficult to value. “However, there is a credible use case for many forms of intellectual property, notably art, songs, videos,” Mr Das says.

SPECS
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Florida: The critical Sunshine State

Though mostly conservative, Florida is usually always “close” in presidential elections. In most elections, the candidate that wins the Sunshine State almost always wins the election, as evidenced in 2016 when Trump took Florida, a state which has not had a democratic governor since 1991. 

Joe Biden’s campaign has spent $100 million there to turn things around, understandable given the state’s crucial 29 electoral votes.

In 2016, Mr Trump’s democratic rival Hillary Clinton paid frequent visits to Florida though analysts concluded that she failed to appeal towards middle-class voters, whom Barack Obama won over in the previous election.

Profile

Company: Justmop.com

Date started: December 2015

Founders: Kerem Kuyucu and Cagatay Ozcan

Sector: Technology and home services

Based: Jumeirah Lake Towers, Dubai

Size: 55 employees and 100,000 cleaning requests a month

Funding:  The company’s investors include Collective Spark, Faith Capital Holding, Oak Capital, VentureFriends, and 500 Startups. 

'Champions'

Director: Manuel Calvo
Stars: Yassir Al Saggaf and Fatima Al Banawi
Rating: 2/5
 

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Updated: August 16, 2023, 8:39 AM