In all the discussions about Mr Biden, people should not not forget the value of age and experience. AFP
In all the discussions about Mr Biden, people should not not forget the value of age and experience. AFP
In all the discussions about Mr Biden, people should not not forget the value of age and experience. AFP
In all the discussions about Mr Biden, people should not not forget the value of age and experience. AFP


Biden's physical and mental decline is the issue, not his age


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  • Arabic

July 03, 2024

For months, and not just after his disastrous presidential debate appearance, Americans have been saying that Joe Biden is too old to serve another term in the White House. In a February poll for ABC News, 86 per cent of those surveyed said so. That was up from 74 per cent last September.

It is a sure bet that no one changed their mind for the better about Mr Biden after watching his excruciating performance last week. But Mr Biden’s age – he’s 81 – is not the real issue. That is his evident mental and physical decline.

I make the distinction because I feel we are collectively in danger of drawing the wrong lesson here. And I say so with confidence because of the examples we’ve had in South-East and East Asia, where some of the most towering figures in national, regional and global politics have continued well into old age, and their peoples have had cause to thank them for their continued service.

Malaysia’s current Prime Minister, Anwar Ibrahim, is 76, only five years younger than Mr Biden, but he’s as sprightly and acute as ever. His age simply isn’t an issue. In Singapore, the country’s founding leader, Lee Kuan Yew, continued in office as Senior Minister and then Minister Mentor during his 80s, finally stepping down at the age of 87.

If anyone doubted that the formidable Mr Lee wasn’t still a force to be reckoned with in his later years, they should have remembered what he’d said before: “Even from my sickbed, even if you are going to lower me into the grave and I feel that something is going wrong, I will get up. Those who believe that after I have left the government as prime minister, I will go into a permanent retirement, really should have their heads examined.”

The former Thai leader Prem Tinsulanonda was president of the country’s influential Privy Council from 1998 until his death aged 98 in 2019, and played a hugely important role – often semi-behind the scenes – in trying to steer a country prone to coups and protests towards a stable path, enabled by his position as a representative of the revered royal institution.

China’s former paramount leader, Deng Xiaoping, was in power well into his 80s, and was 87 when he undertook his “southern tour”, which many credit with saving the country’s economic reform programme that laid the foundations for its great successes today.

And of course in Malaysia, where I live, in 2018 the then 93-year-old Mahathir Mohamad returned as prime minister for a second time. He may have “often looked and felt extremely tired and frequently visited the hospital for various health checks”, as Romen Bose notes in his fast-paced and insightful new book on the Mahathir administration, Shattered Hopes, but when he turned his mind to something his focus remained laser-like, as his political foes found to their cost.

Former South Africa president Nelson Mandela, centre, is reunited with members of 'the Elders' in 2010, a group of retired leaders widely recognised as having moral authority and experience. AP
Former South Africa president Nelson Mandela, centre, is reunited with members of 'the Elders' in 2010, a group of retired leaders widely recognised as having moral authority and experience. AP

It may have been partly due to local or regional culture, but it was noticeable at the time that almost nobody in the country seemed to think that electing a nonagenarian as prime minister would be ridiculous. Maybe that wasn’t just “Asian values” in action. For revering experience in many fields is, after all, quite normal. To call someone an “elder statesman” is a compliment, implying valuable depths of knowledge and judgment.

There was a reason why Nelson Mandela called his new group “the Elders” when he founded it in 2007. The six retired leaders were widely recognised as having the moral authority and experience to “support courage where there is fear, foster agreement where there is conflict and inspire hope where there is despair”, as Mr Mandela put it.

Former US president Jimmy Carter was among them. Mr Carter is 99 and in a hospice, and perhaps I am speaking for myself here, but is there anyone alive today who is as much admired for his ethical clarity?

Malaysia’s current Prime Minister, Anwar Ibrahim, is 76, only five years younger than Mr Biden, but he’s as sprightly and acute as ever

Youth, on the other hand, may often be overrated.

Emmanuel Macron was only 39 when he was first elected President of France. He proclaimed that he was bringing a fresh approach to politics, under his “alternative centrism”, which, to many, looked right wing and out of touch with ordinary voters. In the years since, the far-right National Rally has steadily gained ground to the point that it appears poised to win the second round of France’s parliamentary election this weekend.

Those who regard that prospect as a catastrophe point the finger of blame firmly at Mr Macron. An older conservative in the mould of former president Jacques Chirac may have been able to keep the populists to the margins, as he did.

But Mr Macron is a mature oak compared to what could come next. If the National Rally does win an overall majority, its candidate to be prime minister is Jordan Bardella. Friends who have met him describe him as impressive, but at 28 could he possibly have what it takes to lead a government of the world’s seventh-largest economy?

Coming to power at an early or earlyish age presents another problem: what to do during the decades once you are out.

For UK prime ministers, to take one example, the experience has been mixed. Tony Blair left office at the relatively youthful age of 54 and, whatever his critics say, has maintained his commitment to public service with international, academic and charity roles and his own institute.

Another predecessor, Ted Heath, remained an MP for 27 years after losing the premiership, but the ill grace he never ceased to display at losing the Tory leadership in 1975 earned him the nickname “the incredible sulk”. Before returning as foreign secretary, David Cameron was reported to have told friends just how “bored” he was two years after leaving Downing Street aged 49.

So, in all the discussions about Mr Biden, let us not forget the value of age and experience. The problem is not how old he is, but that he no longer has what China’s Mr Deng and Singapore’s Mr Lee manifestly had well into their 80s – a mind (and in Mr Lee’s case a tongue) as sharp as a razor. And not just on “good” days.

Paltan

Producer: JP Films, Zee Studios
Director: JP Dutta
Cast: Jackie Shroff, Sonu Sood, Arjun Rampal, Siddhanth Kapoor, Luv Sinha and Harshvardhan Rane
Rating: 2/5

RESULTS

ATP China Open
G Dimitrov (BUL x3) bt R Bautista Agut (ESP x5)
7-6, 4-6, 6-2
R Nadal (ESP x1) bt J Isner (USA x6)
6-4, 7-6

WTA China Open
S Halep (ROU x2) bt D Kasatkina (RUS)
6-2, 6-1
J Ostapenko (LAT x9) bt S Cirstea (ROU)
6-4, 6-4

ATP Japan Open
D Schwartzman (ARG x8) bt S Johnson (USA)
6-0, 7-5
D Goffin (BEL x4) bt R Gasquet (FRA)
7-5, 6-2
M Cilic (CRO x1) bt R Harrison (USA)
6-2, 6-0

SERIE A FIXTURES

Friday Sassuolo v Benevento (Kick-off 11.45pm)

Saturday Crotone v Spezia (6pm), Torino v Udinese (9pm), Lazio v Verona (11.45pm)

Sunday Cagliari v Inter Milan (3.30pm), Atalanta v Fiorentina (6pm), Napoli v Sampdoria (6pm), Bologna v Roma (6pm), Genoa v Juventus (9pm), AC Milan v Parma (11.45pm)

Who's who in Yemen conflict

Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government

Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council

Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south

Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory

The specs
Engine: 2.5-litre, turbocharged 5-cylinder

Transmission: seven-speed auto

Power: 400hp

Torque: 500Nm

Price: Dh300,000 (estimate)

On sale: 2022 

The more serious side of specialty coffee

While the taste of beans and freshness of roast is paramount to the specialty coffee scene, so is sustainability and workers’ rights.

The bulk of genuine specialty coffee companies aim to improve on these elements in every stage of production via direct relationships with farmers. For instance, Mokha 1450 on Al Wasl Road strives to work predominantly with women-owned and -operated coffee organisations, including female farmers in the Sabree mountains of Yemen.

Because, as the boutique’s owner, Garfield Kerr, points out: “women represent over 90 per cent of the coffee value chain, but are woefully underrepresented in less than 10 per cent of ownership and management throughout the global coffee industry.”

One of the UAE’s largest suppliers of green (meaning not-yet-roasted) beans, Raw Coffee, is a founding member of the Partnership of Gender Equity, which aims to empower female coffee farmers and harvesters.

Also, globally, many companies have found the perfect way to recycle old coffee grounds: they create the perfect fertile soil in which to grow mushrooms. 

Best Academy: Ajax and Benfica

Best Agent: Jorge Mendes

Best Club : Liverpool   

 Best Coach: Jurgen Klopp (Liverpool)  

 Best Goalkeeper: Alisson Becker

 Best Men’s Player: Cristiano Ronaldo

 Best Partnership of the Year Award by SportBusiness: Manchester City and SAP

 Best Referee: Stephanie Frappart

Best Revelation Player: Joao Felix (Atletico Madrid and Portugal)

Best Sporting Director: Andrea Berta (Atletico Madrid)

Best Women's Player:  Lucy Bronze

Best Young Arab Player: Achraf Hakimi

 Kooora – Best Arab Club: Al Hilal (Saudi Arabia)

 Kooora – Best Arab Player: Abderrazak Hamdallah (Al-Nassr FC, Saudi Arabia)

 Player Career Award: Miralem Pjanic and Ryan Giggs

UAE currency: the story behind the money in your pockets
The National Archives, Abu Dhabi

Founded over 50 years ago, the National Archives collects valuable historical material relating to the UAE, and is the oldest and richest archive relating to the Arabian Gulf.

Much of the material can be viewed on line at the Arabian Gulf Digital Archive - https://www.agda.ae/en

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.

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.”

Avatar: Fire and Ash

Director: James Cameron

Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana

Rating: 4.5/5

The burning issue

The internal combustion engine is facing a watershed moment – major manufacturer Volvo is to stop producing petroleum-powered vehicles by 2021 and countries in Europe, including the UK, have vowed to ban their sale before 2040. The National takes a look at the story of one of the most successful technologies of the last 100 years and how it has impacted life in the UAE. 

Read part four: an affection for classic cars lives on

Read part three: the age of the electric vehicle begins

Read part two: how climate change drove the race for an alternative 

Moon Music

Artist: Coldplay

Label: Parlophone/Atlantic

Number of tracks: 10

Rating: 3/5

HAEMOGLOBIN DISORDERS EXPLAINED

Thalassaemia is part of a family of genetic conditions affecting the blood known as haemoglobin disorders.

Haemoglobin is a substance in the red blood cells that carries oxygen and a lack of it triggers anemia, leaving patients very weak, short of breath and pale.

The most severe type of the condition is typically inherited when both parents are carriers. Those patients often require regular blood transfusions - about 450 of the UAE's 2,000 thalassaemia patients - though frequent transfusions can lead to too much iron in the body and heart and liver problems.

The condition mainly affects people of Mediterranean, South Asian, South-East Asian and Middle Eastern origin. Saudi Arabia recorded 45,892 cases of carriers between 2004 and 2014.

A World Health Organisation study estimated that globally there are at least 950,000 'new carrier couples' every year and annually there are 1.33 million at-risk pregnancies.

TEAMS

EUROPE:
Justin Rose, Francesco Molinari, Tyrrell Hatton, Tommy Fleetwood, Jon Rahm, Rory McIlroy, Alex Noren, Thorbjorn Olesen, Paul Casey, Sergio Garcia, Ian Poulter, Henrik Stenson

USA:
Brooks Koepka, Justin Thomas, Dustin Johnson, Patrick Reed, Bubba Watson, Jordan Spieth,​​​​​​​ Rickie Fowler, Webb Simpson, Tiger Woods, Phil Mickelson, Bryson DeChambeau ( 1 TBC)

PROFILE

Name: Enhance Fitness 

Year started: 2018 

Based: UAE 

Employees: 200 

Amount raised: $3m 

Investors: Global Ventures and angel investors 

How the bonus system works

The two riders are among several riders in the UAE to receive the top payment of £10,000 under the Thank You Fund of £16 million (Dh80m), which was announced in conjunction with Deliveroo's £8 billion (Dh40bn) stock market listing earlier this year.

The £10,000 (Dh50,000) payment is made to those riders who have completed the highest number of orders in each market.

There are also riders who will receive payments of £1,000 (Dh5,000) and £500 (Dh2,500).

All riders who have worked with Deliveroo for at least one year and completed 2,000 orders will receive £200 (Dh1,000), the company said when it announced the scheme.

Updated: July 03, 2024, 3:00 PM