Some in Washington protest that Donald Trump has exceeded his authority by effectively taking the US into a war with Iran without congressional approval. Reuters
Some in Washington protest that Donald Trump has exceeded his authority by effectively taking the US into a war with Iran without congressional approval. Reuters
Some in Washington protest that Donald Trump has exceeded his authority by effectively taking the US into a war with Iran without congressional approval. Reuters
People around the world, and certainly in America, were taken aback to learn that US President Donald Trump ordered a drone strike to kill Qassem Suleimani, one of Iran's top commanders, and Abu Mahdi Al Muhandis, head of the pro-Iranian militia in Iraq, Kataib Hezbollah. Opinion in the country is divided about the constitutional legitimacy and wisdom of the move but rather less about whether this administration is prepared to deal with the consequences of a dramatic escalation with Iran.
Suleimani was head of the Quds Force, a unit in the Islamic Revolutionary Guard Corps, Iran's paramilitary militia, and has led his country's efforts to expand its hegemony and spread its influence in the Arab world over the past 20 years. He was probably the most significant military figure in the history of the "Islamic Republic" and, arguably, second in influence only to its supreme leader, Ali Khamenei. Killing him was the most significant blow Mr Trump could have struck against the Tehran regime anywhere outside of Iran itself.
The US government estimates Suleimani was responsible for the deaths of more than 600 US troops, largely in Iraq, since 2003. So, except for some far left and right-wing voices and a newly-emerging neo-isolationist think tank, people who follow the developments in the Middle East largely agree that the Iranian terrorist ringmaster got what he deserved.
However, major foreign policy developments, especially in an election year, are invariably subjects of ideological and partisan contention – and this is no exception. Among major figures in the US Congress, the division largely falls along party lines. Members of the Republican Party are applauding while those of the Democratic Party are seeking some way of expressing concern without being unpatriotic.
Within the mainstream, which is generally careful to welcome Suleimani’s demise, the demurrals are primarily constitutional and procedural. Most Democrats' objections focus on the appropriate relationship between the White House and Congress in strategic decision-making.
Some protest that Mr Trump has exceeded his authority by, in effect, taking the US into a war with Iran without congressional approval. The constitution explicitly states that Congress exclusively has the power to declare war. But since the Second World War, this has been largely a theoretical prerogative, with the president, as commander-in-chief, in effect deciding where and when the US engages in armed conflict. That has been consistent among both Democratic and Republican administrations.
A destroyed vehicle is on fire following a US strike on Friday at Baghdad International Airport that killed Qassem Suleimani. AFP
The constitutional argument in this case is particularly weak. The drone strike that killed Suleimani has not taken the US into a war with Iran by any meaningful definition of the term. Nor has it sentenced the country to inevitably slide into one.
Even by the most traditional and strict reading of Congress' war powers, this kind of limited, quick-action and highly focused attack is actually a textbook example of why the framers of the constitution included an executive branch in the first place – and gave the president the powers of commander-in-chief of the military and control of most aspects of foreign policy.
The framers were anti-monarchical republicans rebelling against British, European and even classical Roman experiences of monarchy. Yet they concluded from their experiment with the early, decentralised and inadequate "Articles of Confederation" – the first written constitution of the US – that many essential actions of government were necessarily national and unsuited to the complex deliberations of any committee, whether small or large.
To deal with immediate contingencies, emergencies and decisions that perforce must be rapid, flexible and focused, even these anti-monarchists recognised that a powerful, centralised national executive was indispensable. That was particularly true in the case of day-to-day international relations and military matters, as well as unexpected contingencies such as natural disasters.
There is little doubt that Suleimani and Al Muhandis were plotting further attacks against American personnel and installations in Iraq. What, after all, was Suleimani doing there – and in the company of Al Muhandis?
Their focus was almost certainly planning the next stage in the "maximum resistance" campaign against the US and its allies in the region. It is implausible to think they were discussing anything else. Add to that, the insistence of US officials that there is meaningful intelligence that additional attacks were indeed being planned.
One must also factor in the great likelihood that elements of Iraqi intelligence were involved in gathering the information that led to the drone attack, and that they also could well have had knowledge of such plans.
Article II of the US constitution, which enumerates the powers of the presidency, anticipates precisely this kind of contingency. So even if this was a huge strategic error, it was well within presidential authority.
Democratic Party leaders, including Chuck Schumer, have complained that they did not receive the traditional briefings in advance of the action. AFP
Mainstream Democratic Party leaders, including senate minority leader Chuck Schumer, have complained that they did not receive the traditional briefings in advance of the action, as familiar procedure would dictate. Mr Schumer complained that the "gang of eight" – the four senior-most members of the house of representatives and senate – did not receive such a briefing, as is customary.
The real national anxiety is far more widespread and shared among Republicans and Democrats, left and right, and most serious observers: does Mr Trump really understand what he is getting the US into?
Responding to Iran's escalating provocations was essential to defending American interests in the Middle East. Yet Tehran might remain convinced that Mr Trump does not have the stomach for a full-blown war, including major combat operations, with Iran.
He has called their bluff. But they can call his, too. There are real questions about whether he has a viable strategy, a serious vision for the long term, the political commitment and the personal qualities to lead a showdown with the so-called Islamic Republic.
His performance thus far as president overall is not reassuring – arguably except when it comes to Iran itself. Is Mr Trump capable of competently directing the US in such a considerable, protracted and complex struggle? Skepticism remains widespread.
Hussein Ibish is a senior resident scholar at the Arab Gulf States Institute in Washington
Islay Robinson, group chief executive of mortgage broker Enness Global, offers his advice on buying property in today's market.
While many have been quick to call a market collapse, this simply isn’t what we’re seeing on the ground. Many pockets of the global property market, including London and the UAE, continue to be compelling locations to invest in real estate.
While an air of uncertainty remains, the outlook is far better than anyone could have predicted. However, it is still important to consider the wider threat posed by Covid-19 when buying bricks and mortar.
Anything with outside space, gardens and private entrances is a must and these property features will see your investment keep its value should the pandemic drag on. In contrast, flats and particularly high-rise developments are falling in popularity and investors should avoid them at all costs.
Attractive investment property can be hard to find amid strong demand and heightened buyer activity. When you do find one, be prepared to move hard and fast to secure it. If you have your finances in order, this shouldn’t be an issue.
Lenders continue to lend and rates remain at an all-time low, so utilise this. There is no point in tying up cash when you can keep this liquidity to maximise other opportunities.
Keep your head and, as always when investing, take the long-term view. External factors such as coronavirus or Brexit will present challenges in the short-term, but the long-term outlook remains strong.
Finally, keep an eye on your currency. Whenever currency fluctuations favour foreign buyers, you can bet that demand will increase, as they act to secure what is essentially a discounted property.
National Bonds unveiled a Golden Pension Scheme in 2022 to help private-sector foreign employees with their financial planning.
In April 2021, Hayah Insurance unveiled a workplace savings plan to help UAE employees save for their retirement.
Lunate, an Abu Dhabi-based investment manager, has launched a fund that will allow UAE private companies to offer employees investment returns on end-of-service benefits.
Retirement funds heavily invested in equities at a risky time
Pension funds in growing economies in Asia, Latin America and the Middle East have a sharply higher percentage of assets parked in stocks, just at a time when trade tensions threaten to derail markets.
Retirement money managers in 14 geographies now allocate 40 per cent of their assets to equities, an 8 percentage-point climb over the past five years, according to a Mercer survey released last week that canvassed government, corporate and mandatory pension funds with almost $5 trillion in assets under management. That compares with about 25 per cent for pension funds in Europe.
The escalating trade spat between the US and China has heightened fears that stocks are ripe for a downturn. With tensions mounting and outcomes driven more by politics than economics, the S&P 500 Index will be on course for a “full-scale bear market” without Federal Reserve interest-rate cuts, Citigroup’s global macro strategy team said earlier this week.
The increased allocation to equities by growth-market pension funds has come at the expense of fixed-income investments, which declined 11 percentage points over the five years, according to the survey.
Hong Kong funds have the highest exposure to equities at 66 per cent, although that’s been relatively stable over the period. Japan’s equity allocation jumped 13 percentage points while South Korea’s increased 8 percentage points.
The money managers are also directing a higher portion of their funds to assets outside of their home countries. On average, foreign stocks now account for 49 per cent of respondents’ equity investments, 4 percentage points higher than five years ago, while foreign fixed-income exposure climbed 7 percentage points to 23 per cent. Funds in Japan, South Korea, Malaysia and Taiwan are among those seeking greater diversification in stocks and fixed income.
• Bloomberg
DEADPOOL & WOLVERINE
Starring: Ryan Reynolds, Hugh Jackman, Emma Corrin
Director: Shawn Levy
Rating: 3/5
Which honey takes your fancy?
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The Al Ghaf tree is a local desert tree which bears the harsh summers with drought and high temperatures. From the rich flowers, bees that pollinate this tree can produce delicious red colour honey in June and July each year
Sidr Honey
The Sidr tree is an evergreen tree with long and strong forked branches. The blossom from this tree is called Yabyab, which provides rich food for bees to produce honey in October and November. This honey is the most expensive, but tastiest
Samar Honey
The Samar tree trunk, leaves and blossom contains Barm which is the secret of healing. You can enjoy the best types of honey from this tree every year in May and June. It is an historical witness to the life of the Emirati nation which represents the harsh desert and mountain environments
Cecelia Crocker was on board Northwest Airlines Flight 255 in 1987 when it crashed in Detroit, killing 154 people, including her parents and brother. The plane had hit a light pole on take off
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Bahia Bakari, then 12, survived when a Yemenia Airways flight crashed near the Comoros in 2009, killing 152. She was found clinging to wreckage after floating in the ocean for 13 hours.
Jim Polehinke was the co-pilot and sole survivor of a 2006 Comair flight that crashed in Lexington, Kentucky, killing 49.
UAE currency: the story behind the money in your pockets