Donald Trump delivered a victory speech to supporters in West Palm Beach, Florida, on Wednesday. AP
Donald Trump delivered a victory speech to supporters in West Palm Beach, Florida, on Wednesday. AP
Donald Trump delivered a victory speech to supporters in West Palm Beach, Florida, on Wednesday. AP
Donald Trump delivered a victory speech to supporters in West Palm Beach, Florida, on Wednesday. AP


Trump's stunning victory shows, actually, Americans do want to go back


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November 06, 2024

Donald Trump’s resounding victory in the US election is a stunning testimony about the attitudes of the American public and the state of US political culture.

Mr Trump would appear to be a singularly unappealing candidate by the historical standards of American politics – the first convicted felon to win the presidency, who ran what appeared to be an undisciplined and chaotic campaign.

Indeed, in the closing rally of his campaign, guest speakers spewed racist invective directed at Puerto Ricans, African Americans and other minorities. By all accounts, the Republican ground game in several swing states was virtually non-existent, while Democrats were knocking on doors across the country.

None of it has seemed to matter, because Americans have overwhelmingly embraced Mr Trump’s agenda. He has threatened to prosecute and persecute some of his political opponents and jail them. He promises “retribution” and has assembled a group of wealthy supporters led by Elon Musk.

Elon Musk was a prominent campaigner for Donald Trump in the election's final stretch. Reuters
Elon Musk was a prominent campaigner for Donald Trump in the election's final stretch. Reuters

He has threatened to round up millions of undocumented migrants and carry out “bloody” mass deportations. He has also promised to base the US economy around tariffs that would constitute the largest and most aggressive tax increase in modern American history, increasing prices both for consumers at stores such as Target and Walmart and for manufacturers requiring everything from steel to semiconductor chips.

Mr Trump is less likely to be surrounded by outside experts, military officers and government professionals than he was in his first administration. Instead, this time his administration is almost certain to be packed with personal loyalists and ideologues, including many who could be determined to carry out the most extreme elements of his campaign rhetoric. Whether he relies on “Project 2025” prepared by the Heritage Foundation or his own “Agenda 47”, the very similar plan propagated on his campaign website, he can be expected to replace much of America’s apolitical administrative bureaucracy with loyalists from around the country.

Internationally, the biggest losers are surely the Ukrainians, who are likely to receive virtually no support from a second Trump administration. Indeed, Mr Trump has vowed to end the war in Ukraine the day after his election, which he probably won’t be able to do. But he has hinted at forcing Kyiv to accept highly disadvantageous terms for a ceasefire.

The Palestinians, too, have much to fear. When Mr Trump was in power, he cut all aid to, and relationships with, Palestinians, and might be expected to assist Israel in the dismantling of UNRWA, the UN agency charged with caring for Palestinian refugees. Moreover, Israeli Prime Minister Benjamin Netanyahu and his extremist allies – some of the biggest winners outside the US from this outcome – may well try to move forward with large-scale annexation in the West Bank, as suggested by Mr Trump’s 2020 “Peace to Prosperity” proposal.

Americans were well aware of all of this when they went to the polls. None of it was underhand or remotely veiled. All of it was advertised in blinding political neon.

The only conclusion from the outcome is that much of the broad American public is enthusiastic about Mr Trump’s brand of populist politics. They are not issuing a cry of despair, or repudiating national institutions that are fundamentally failing. Their choice is an outcome forged in a time of relative peace and prosperity. There is chaos in certain parts of the world, but the US is not involved in a direct war anywhere. And while many Americans complain about the economy and cost of living has indeed been an issue for certain segments of society, it is the envy of the world and the consumer spending habits of the general public belie any sense of desperation or widespread impoverishment.

It is, however, certainly a stunning repudiation of American political traditions and political system. Mr Trump has made his hostility to parts of the Constitution and certain aspects of the rule of law crystal clear. Indeed, his victory will also constitute his literal get-out-of-jail-free card, since he was facing a long list of legal issues, especially for the purloined top secret documents case still pending in Florida.

The willingness of so much of the American polity to embrace this version of Mr Trump, and the new and more brutal vision he is proposing, will have a lasting and profoundly corrosive effect on US society and its place in the wider world.

“We won't go back,” Ms Harris declared. But American voters apparently do want to “go back”. Mr Trump would lose, Democrats insisted, because “that's just not us, we're not like that”. Well, American voters strongly disagreed. They had sent a clear message: “No, actually, that is us. We are exactly like that.”

Much of that broader world, including a number of traditional US partners, may now question the reliability and even fundamental seriousness of US society, political culture, global leadership and traditional central role in the international community.

Latest updates: Follow our full coverage on the US election

Results:

CSIL 2-star 145cm One Round with Jump-Off

1.           Alice Debany Clero (USA) on Amareusa S 38.83 seconds

2.           Anikka Sande (NOR) For Cash 2 39.09

3.           Georgia Tame (GBR) Cash Up 39.42

4.           Nadia Taryam (UAE) Askaria 3 39.63

5.           Miriam Schneider (GER) Fidelius G 47.74

 

 

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Founders: Rashi Chowdhary and Saad Umerani

Based: Dubai

Size, number of employees: 12

Funding/investors:  $400,000 (2018) 

UAE currency: the story behind the money in your pockets
How will Gen Alpha invest?

Mark Chahwan, co-founder and chief executive of robo-advisory firm Sarwa, forecasts that Generation Alpha (born between 2010 and 2024) will start investing in their teenage years and therefore benefit from compound interest.

“Technology and education should be the main drivers to make this happen, whether it’s investing in a few clicks or their schools/parents stepping up their personal finance education skills,” he adds.

Mr Chahwan says younger generations have a higher capacity to take on risk, but for some their appetite can be more cautious because they are investing for the first time. “Schools still do not teach personal finance and stock market investing, so a lot of the learning journey can feel daunting and intimidating,” he says.

He advises millennials to not always start with an aggressive portfolio even if they can afford to take risks. “We always advise to work your way up to your risk capacity, that way you experience volatility and get used to it. Given the higher risk capacity for the younger generations, stocks are a favourite,” says Mr Chahwan.

Highlighting the role technology has played in encouraging millennials and Gen Z to invest, he says: “They were often excluded, but with lower account minimums ... a customer with $1,000 [Dh3,672] in their account has their money working for them just as hard as the portfolio of a high get-worth individual.”

The past Palme d'Or winners

2018 Shoplifters, Hirokazu Kore-eda

2017 The Square, Ruben Ostlund

2016 I, Daniel Blake, Ken Loach

2015 DheepanJacques Audiard

2014 Winter Sleep (Kış Uykusu), Nuri Bilge Ceylan

2013 Blue is the Warmest Colour (La Vie d'Adèle: Chapitres 1 et 2), Abdellatif Kechiche, Adele Exarchopoulos and Lea Seydoux

2012 Amour, Michael Haneke

2011 The Tree of LifeTerrence Malick

2010 Uncle Boonmee Who Can Recall His Past Lives (Lung Bunmi Raluek Chat), Apichatpong Weerasethakul

2009 The White Ribbon (Eine deutsche Kindergeschichte), Michael Haneke

2008 The Class (Entre les murs), Laurent Cantet

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BUNDESLIGA FIXTURES

Saturday

Borussia Dortmund v Eintracht Frankfurt (5.30pm kick-off UAE)

Bayer Leverkusen v Schalke (5.30pm)

Wolfsburg v Cologne (5.30pm)

Mainz v Arminia Bielefeld (5.30pm)

Augsburg v Hoffenheim (5.30pm)

RB Leipzig v Bayern Munich (8.30pm)

Borussia Monchengladbach v Freiburg (10.30pm)

Sunday

VfB Stuttgart v Werder Bremen  (5.30pm)

Union Berlin v Hertha Berlin (8pm)

Top Hundred overseas picks

London Spirit: Kieron Pollard, Riley Meredith 

Welsh Fire: Adam Zampa, David Miller, Naseem Shah 

Manchester Originals: Andre Russell, Wanindu Hasaranga, Sean Abbott

Northern Superchargers: Dwayne Bravo, Wahab Riaz

Oval Invincibles: Sunil Narine, Rilee Rossouw

Trent Rockets: Colin Munro

Birmingham Phoenix: Matthew Wade, Kane Richardson

Southern Brave: Quinton de Kock

UAE currency: the story behind the money in your pockets
Updated: November 07, 2024, 1:08 PM