It has begun. The second Donald Trump administration has opened with a remarkable flurry of executive orders and other measures that push the US in a drastically new direction. This includes a major effort to downsize the government, enforce a new ideology against diversity, equity and inclusion, transform relations with neighbours and partners, and, above all, fundamentally reshape the administrative bedrock.
This last experiment smacks of strongman politics, with measures to ensure that officials, including traditionally apolitical civil servants in mid-level positions who have typically been exempt from ideological litmus tests, are politically correct.
It is the first step towards transforming a genuinely democratic society based on the rule of law into an "illiberal democracy", in which the rule of law is replaced by the rule of men, and ultimately one man.
Mr Trump's supporters counter that the president must be served by loyal administrators who can be relied upon not to try to sabotage his agenda. The traditional American approach to this conundrum has been a wide latitude for presidents to appoint senior officials, including cabinet secretaries and White House staff.
At the end of his last term, Mr Trump created a new Schedule F, making virtually all administrators at-will employees who can be dismissed effectively without cause. This measure gave the White House unprecedented and, critics say, unwarranted, power over the entire bureaucracy along ideological lines. If even a junior civil servant is perceived as disloyal on any grounds, they can be summarily sacked, without recourse.
If Trump can deliver what the American people think they want, his radical innovations will likely be welcome, at least for a time
Former president Joe Biden immediately eliminated Schedule F, restoring the basic protections for civil servants. Mr Trump has wasted no time in reasserting this power, now called Schedule Policy/Career. By taking away due process rights from federal workers, the Trump administration has positioned itself for an unprecedented ideological purge of the bureaucracy.
In some crucial agencies, especially the FBI, the purge is already well under way. Last week, the Justice Department fired eight senior officials – including those overseeing national security, cybersecurity and counterterrorism.
This was followed by sweeping efforts to identify agents involved in investigating the January 6, 2021 insurrection against Congress. FBI personnel received questionnaires, which they are required to answer immediately, interrogating any involvement in the sweeping investigation into the violent attack on the peaceful transfer of power.
The fate of FBI staff who did their jobs in investigating this extraordinary crime – the culprits of which, including those who attacked police officers, were all instantly pardoned by Mr Trump – remains to be seen. But this will certainly have its intended chilling effect.
The firing of over a dozen federal prosecutors involved in pursuing the criminal cases that were pending against Mr Trump before his election victory last November suggests that the personal and ideological purge is likely to be ruthless and sweeping.
All this is incompatible with assurances given under oath by Mr Trump's nominee to head the FBI, his arch loyalist Kash Patel, to Congress that there will be no ideological or political litmus tests at the FBI. At the absolute minimum, this is a signal that participation in law enforcement when it comes to Mr Trump and his supporters, even those involved in violent crimes against the police, Congress and the Constitution, is unacceptable and possibly unpardonable.
It creates an unprecedented zone of impunity around the president personally and politically. It is a direct attack on the rule of law, precisely targeting those empowered and entrusted with upholding and enforcing those laws.
Inevitably, these measures are being met with significant resistance. Unions representing federal employees are suing to restore due process rights to apolitical administrators. And the head of the FBI's New York field office, the centre of investigations of Mr Trump's pre-presidential activities, has described the Bureau as being in the midst of a "battle".
In a recent email James Dennehy told his colleagues it was time to "dig in," as "good people are being walked out of the FBI and others are being targeted because they did their jobs in accordance with the law and FBI policy". He frankly wrote that the mass sackings of senior officials had created "fear and angst within the FBI ranks," adding that: "I mourn the forced retirements."
The FBI is hardly an isolated example. The US agency for international development, the primary arm through which the US provides humanitarian relief and spreads soft power around the world, is being apparently dismantled entirely.
Scores of administrators around the country who worked on diversity, equity and inclusion programmes have been placed on leave and face likely dismissal because of the sweeping rejection of such programmes by the new administration. In effect, if a civil servant had been assigned to work on a programme or initiative now seen as out of step with the administration, they are often being blamed personally and could pay the price.
We have seen this playbook before, both historically and in recent times around the world. It is now being attempted in the US. Thus far, the guardrails have proven useless and Mr Trump, enjoying his early victorious honeymoon, appears virtually unstoppable.
That may not continue. US Courts, in particular, may intervene to uphold democratic traditions. But the most important cases will reach a Supreme Court with a solid Republican and very right wing majority that may be tempted to side with Mr Trump.
Many of the justices, like Mr Trump's senior aides, are adherents of the "unitary executive" theory of US government, which holds that the individual person of the president has absolute and unquestionable power over all aspects of the executive branch, no matter how trivial or mundane. There are no exceptions, loopholes or exclusions. This decidedly non-traditional reading of the Constitution effectively renders the US with a temporary king, at least regarding all executive aspects of the government.
Most people everywhere don't spend much time fretting over constitutional processes and structures. They are invariably much more concerned with results. If Mr Trump can deliver what the American people think they want, his radical innovations will likely be welcome, at least for a time. If not, and he will be hard-pressed if he's going to war with the whole administrative structure, then this rapidly developing experiment in personalised governance and American autocracy will be remembered as a tragic wrong turn.
How has net migration to UK changed?
The figure was broadly flat immediately before the Covid-19 pandemic, standing at 216,000 in the year to June 2018 and 224,000 in the year to June 2019.
It then dropped to an estimated 111,000 in the year to June 2020 when restrictions introduced during the pandemic limited travel and movement.
The total rose to 254,000 in the year to June 2021, followed by steep jumps to 634,000 in the year to June 2022 and 906,000 in the year to June 2023.
The latest available figure of 728,000 for the 12 months to June 2024 suggests levels are starting to decrease.
Jiu-jitsu calendar of events for 2017-2018:
August 5:
Round-1 of the President’s Cup in Al Ain.
August 11-13:
Asian Championship in Vietnam.
September 8-9:
Ajman International.
September 16-17
Asian Indoor and Martial Arts Games, Ashgabat.
September 22-24:
IJJF Balkan Junior Open, Montenegro.
September 23-24:
Grand Slam Los Angeles.
September 29:
Round-1 Mother of The Nation Cup.
October 13-14:
Al Ain U18 International.
September 20-21:
Al Ain International.
November 3:
Round-2 Mother of The National Cup.
November 4:
Round-2 President’s Cup.
November 10-12:
Grand Slam Rio de Janeiro.
November 24-26:
World Championship, Columbia.
November 30:
World Beach Championship, Columbia.
December 8-9:
Dubai International.
December 23:
Round-3 President’s Cup, Sharjah.
January 12-13:
Grand Slam Abu Dhabi.
January 26-27:
Fujairah International.
February 3:
Round-4 President’s Cup, Al Dhafra.
February 16-17:
Ras Al Khaimah International.
February 23-24:
The Challenge Championship.
March 10-11:
Grand Slam London.
March 16:
Final Round – Mother of The Nation.
March 17:
Final Round – President’s Cup.
GIANT REVIEW
Starring: Amir El-Masry, Pierce Brosnan
Director: Athale
Rating: 4/5
UPI facts
More than 2.2 million Indian tourists arrived in UAE in 2023
More than 3.5 million Indians reside in UAE
Indian tourists can make purchases in UAE using rupee accounts in India through QR-code-based UPI real-time payment systems
Indian residents in UAE can use their non-resident NRO and NRE accounts held in Indian banks linked to a UAE mobile number for UPI transactions
The lowdown
Badla
Rating: 2.5/5
Produced by: Red Chillies, Azure Entertainment
Director: Sujoy Ghosh
Cast: Amitabh Bachchan, Taapsee Pannu, Amrita Singh, Tony Luke
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
more from Janine di Giovanni
The%20Roundup
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What sanctions would be reimposed?
Under ‘snapback’, measures imposed on Iran by the UN Security Council in six resolutions would be restored, including:
- An arms embargo
- A ban on uranium enrichment and reprocessing
- A ban on launches and other activities with ballistic missiles capable of delivering nuclear weapons, as well as ballistic missile technology transfer and technical assistance
- A targeted global asset freeze and travel ban on Iranian individuals and entities
- Authorisation for countries to inspect Iran Air Cargo and Islamic Republic of Iran Shipping Lines cargoes for banned goods
Brown/Black belt finals
3pm: 49kg female: Mayssa Bastos (BRA) v Thamires Aquino (BRA)
3.07pm: 56kg male: Hiago George (BRA) v Carlos Alberto da Silva (BRA)
3.14pm: 55kg female: Amal Amjahid (BEL) v Bianca Basilio (BRA)
3.21pm: 62kg male: Gabriel de Sousa (BRA) v Joao Miyao (BRA)
3.28pm: 62kg female: Beatriz Mesquita (BRA) v Ffion Davies (GBR)
3.35pm: 69kg male: Isaac Doederlein (BRA) v Paulo Miyao (BRA)
3.42pm: 70kg female: Thamara Silva (BRA) v Alessandra Moss (AUS)
3.49pm: 77kg male: Oliver Lovell (GBR) v Tommy Langarkar (NOR)
3.56pm: 85kg male: Faisal Al Ketbi (UAE) v Rudson Mateus Teles (BRA)
4.03pm: 90kg female: Claire-France Thevenon (FRA) v Gabreili Passanha (BRA)
4.10pm: 94kg male: Adam Wardzinski (POL) v Kaynan Duarte (BRA)
4.17pm: 110kg male: Yahia Mansoor Al Hammadi (UAE) v Joao Rocha (BRA
LOVE%20AGAIN
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COMPANY PROFILE
● Company: Bidzi
● Started: 2024
● Founders: Akshay Dosaj and Asif Rashid
● Based: Dubai, UAE
● Industry: M&A
● Funding size: Bootstrapped
● No of employees: Nine
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.”
The specs
Engine: 3.9-litre twin-turbo V8
Power: 620hp from 5,750-7,500rpm
Torque: 760Nm from 3,000-5,750rpm
Transmission: Eight-speed dual-clutch auto
On sale: Now
Price: From Dh1.05 million ($286,000)
Tips for SMEs to cope
- Adapt your business model. Make changes that are future-proof to the new normal
- Make sure you have an online presence
- Open communication with suppliers, especially if they are international. Look for local suppliers to avoid delivery delays
- Open communication with customers to see how they are coping and be flexible about extending terms, etc
Courtesy: Craig Moore, founder and CEO of Beehive, which provides term finance and working capital finance to SMEs. Only SMEs that have been trading for two years are eligible for funding from Beehive.