A few months after the Democrats’ bitter defeat in the 2024 presidential elections, the party convened an executive committee meeting. Instead of taking a long hard look at the reasons for their poor performance, the meeting devolved into a round of self-congratulations. “We had the best convention ever.” “We raised more money than ever.” “We had the best team and the best co-operation between the White House, the Harris campaign, and the party”.
When one esteemed party leader raised her hand reminding everyone that “we lost” and suggested that the party needed an autopsy to understand what went wrong, her idea was met with indignation. “What do you mean an ‘autopsy’? We’re not dead!”
True, the party isn’t dead, but its 2024 performance was poor. It lost the White House and the Senate. And polls now show Democrats with their lowest favourability ratings in recent history.
Despite denying the need for an autopsy, during the past few months press reports have included advice from “Democratic party operatives” as to what the party should do moving forward and reports of studies commissioned by one or another party entity analysing the 2024 defeat. The consensus that has emerged is that Democrats need to move to the “centre” and forego radical or “leftist” political ideas.
The lesson that Democrats need to learn is that “the left” is not primarily defined by where you stand on social issues
The problem with this assessment is twofold. First, most of the operatives speaking out or the groups commissioned to conduct the studies (reportedly costing $30 million) are the same consultants who dug the hole Democrats now find themselves in. They do not understand the voters they lost or what needs to be done to win them back.
Second, their definitions of “centrist” and “leftist” are inventions to suit their own biases. It’s not enough to say, “We need to stop being so ‘woke,’ and instead focus on what voters care about,” especially when they don’t really know what voters do care about.
For years, these same consultants have argued that Democrats need to move to “the centre” of American politics, which they define as an amalgam of conservative-leaning fiscal/economic policies and more liberal-leaning on some (but not all) social issues. There was no overall theme to this mish-mash of ideas, and candidates who listened to the consultants often tied themselves in knots trying to appeal to voters without a coherent message.
While pre-Trump, Republicans would focus on the Reagan mantra of lower taxes and smaller government, when one asked Democrats what they stood for, they would read off a litany of issues (reproductive rights, social justice, environment, immigration, gun laws, etc) leaving it up to voters to find the forest from the trees. Because Republicans’ “smaller government, lower taxes” only increased income inequality and threatened the economic well-being of most voters, they avoided the details on these matters and instead sought to divert voters’ attention by elevating and exaggerating one or another of the Democrats’ stances on social issues. “Democrats want open borders.” “Democrats are soft on crime.” “Democrats want to abolish police.” “Democrats want transgender athletes to compete in women’s sports.”
Each time Republicans would lay these traps, Democrats would take the bait, focusing on these issues instead of developing an overarching message that would reach a majority of voters.
Twenty-five years ago, I co-authored a book with my brother John Zogby titled What Ethnic Americans Really Think. It was based on polling John’s firm had done measuring the political attitudes of voters from several US ethnic groups: Italians, Arabs, Hispanics, Asians, Jews and Africans. Despite the deep differences that existed amongst the communities included in the study, what came through was that their views converged on several issues. Strong majorities in all groups were proud of and had an emotional tie to their heritages and were attached to their hometowns and their family connections. This was true for those who immigrated to and those born in the US.
Contrary to the consultants’ “wisdom,” all of these communities supported what can be seen as progressive economic/fiscal policies. For example, overwhelming majorities, from the mid-80 per cent range to mid-90 per cent, wanted the federal government to: help underwrite health insurance; raise the minimum wage; impose penalties on polluters; oppose a regressive taxation system; strengthen social security and medicare, and support public education. Large majorities also wanted: campaign finance reform; gun control; and a US unilateral ban on nuclear weapons testing.
On social issues, the views of the voters from each of these ethnic groups reflected a more nuanced approach. Smaller majorities, but still majorities, supported the death penalty, limits on abortion, school vouchers and opposition to racial preferences in hiring.
So in reality, the “centre” is not being more moderate on economic issues and more liberal on social issues because the economic and fiscal issues have the support of almost nine in 10 voters and are the foundation for building a majoritarian party. At the same time, instead locking out, demeaning, and refusing to engage with voters with divergent views on social issues, Democrats need to respectfully discuss these issues within the party.
The lesson that Democrats need to learn is that “the left” is not primarily defined by where you stand on social issues. Instead, unlike Republicans, Democrats must define themselves as the party that understands the government’s positive role in creating an economy and programmes that create jobs and opportunities for working and middle class families – Black, Asian, Latino and White ethnics.
When they don’t embrace these concerns, they cede this ground to Republicans, who despite their regressive policies now claim to represent the working class while charging that Democrats only represent elites.
This doesn’t mean that Democrats should ever abandon their commitment to the range of social and cultural issues party leaders have long embraced as critical for our diverse democratic society. But these issues can’t define the party.
For Democrats to win, they must reclaim their history as the party of Franklin Roosevelt, Lyndon Johnson, and, yes, Joe Biden and Bernie Sanders. That they are the party that believes that government has a role to play in lifting up those who need a helping hand, and providing for the working classes and middle classes of all ethnic and racial communities.
Lexus LX700h specs
Engine: 3.4-litre twin-turbo V6 plus supplementary electric motor
Power: 464hp at 5,200rpm
Torque: 790Nm from 2,000-3,600rpm
Transmission: 10-speed auto
Fuel consumption: 11.7L/100km
On sale: Now
Price: From Dh590,000
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
Company%20profile
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A Prayer Before Dawn
Director: Jean-Stephane Sauvaire
Starring: Joe Cole, Somluck Kamsing, Panya Yimmumphai
Three stars
2025 Fifa Club World Cup groups
Group A: Palmeiras, Porto, Al Ahly, Inter Miami.
Group B: Paris Saint-Germain, Atletico Madrid, Botafogo, Seattle.
Group C: Bayern Munich, Auckland City, Boca Juniors, Benfica.
Group D: Flamengo, ES Tunis, Chelsea, Leon.
Group E: River Plate, Urawa, Monterrey, Inter Milan.
Group F: Fluminense, Borussia Dortmund, Ulsan, Mamelodi Sundowns.
Group G: Manchester City, Wydad, Al Ain, Juventus.
Group H: Real Madrid, Al Hilal, Pachuca, Salzburg.
If you go...
Fly from Dubai or Abu Dhabi to Chiang Mai in Thailand, via Bangkok, before taking a five-hour bus ride across the Laos border to Huay Xai. The land border crossing at Huay Xai is a well-trodden route, meaning entry is swift, though travellers should be aware of visa requirements for both countries.
Flights from Dubai start at Dh4,000 return with Emirates, while Etihad flights from Abu Dhabi start at Dh2,000. Local buses can be booked in Chiang Mai from around Dh50
RedCrow Intelligence Company Profile
Started: 2016
Founders: Hussein Nasser Eddin, Laila Akel, Tayeb Akel
Based: Ramallah, Palestine
Sector: Technology, Security
# of staff: 13
Investment: $745,000
Investors: Palestine’s Ibtikar Fund, Abu Dhabi’s Gothams and angel investors
The specs
Engine: 4.0-litre V8 twin-turbocharged and three electric motors
Power: Combined output 920hp
Torque: 730Nm at 4,000-7,000rpm
Transmission: 8-speed dual-clutch automatic
Fuel consumption: 11.2L/100km
On sale: Now, deliveries expected later in 2025
Price: expected to start at Dh1,432,000
EMIRATES'S%20REVISED%20A350%20DEPLOYMENT%20SCHEDULE
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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.”
More from Rashmee Roshan Lall
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Position: legal consultant with Al Rowaad Advocates and Legal Consultants
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What: 11th edition of the Mubadala World Tennis Championship
When: December 27-29, 2018
Confirmed: men: Novak Djokovic, Rafael Nadal, Kevin Anderson, Dominic Thiem, Hyeon Chung, Karen Khachanov; women: Venus Williams
Tickets: www.ticketmaster.ae, Virgin megastores or call 800 86 823
TEACHERS' PAY - WHAT YOU NEED TO KNOW
Pay varies significantly depending on the school, its rating and the curriculum. Here's a rough guide as of January 2021:
- top end schools tend to pay Dh16,000-17,000 a month - plus a monthly housing allowance of up to Dh6,000. These tend to be British curriculum schools rated 'outstanding' or 'very good', followed by American schools
- average salary across curriculums and skill levels is about Dh10,000, recruiters say
- it is becoming more common for schools to provide accommodation, sometimes in an apartment block with other teachers, rather than hand teachers a cash housing allowance
- some strong performing schools have cut back on salaries since the pandemic began, sometimes offering Dh16,000 including the housing allowance, which reflects the slump in rental costs, and sheer demand for jobs
- maths and science teachers are most in demand and some schools will pay up to Dh3,000 more than other teachers in recognition of their technical skills
- at the other end of the market, teachers in some Indian schools, where fees are lower and competition among applicants is intense, can be paid as low as Dh3,000 per month
- in Indian schools, it has also become common for teachers to share residential accommodation, living in a block with colleagues
How to protect yourself when air quality drops
Install an air filter in your home.
Close your windows and turn on the AC.
Shower or bath after being outside.
Wear a face mask.
Stay indoors when conditions are particularly poor.
If driving, turn your engine off when stationary.
Tips for newlyweds to better manage finances
All couples are unique and have to create a financial blueprint that is most suitable for their relationship, says Vijay Valecha, chief investment officer at Century Financial. He offers his top five tips for couples to better manage their finances.
Discuss your assets and debts: When married, it’s important to understand each other’s personal financial situation. It’s necessary to know upfront what each party brings to the table, as debts and assets affect spending habits and joint loan qualifications. Discussing all aspects of their finances as a couple prevents anyone from being blindsided later.
Decide on the financial/saving goals: Spouses should independently list their top goals and share their lists with one another to shape a joint plan. Writing down clear goals will help them determine how much to save each month, how much to put aside for short-term goals, and how they will reach their long-term financial goals.
Set a budget: A budget can keep the couple be mindful of their income and expenses. With a monthly budget, couples will know exactly how much they can spend in a category each month, how much they have to work with and what spending areas need to be evaluated.
Decide who manages what: When it comes to handling finances, it’s a good idea to decide who manages what. For example, one person might take on the day-to-day bills, while the other tackles long-term investments and retirement plans.
Money date nights: Talking about money should be a healthy, ongoing conversation and couples should not wait for something to go wrong. They should set time aside every month to talk about future financial decisions and see the progress they’ve made together towards accomplishing their goals.
EXPATS
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