There is barely a week left before November 3, when polls close in the most momentous American election in decades, if not a century or more. Fifty-six million ballots have already been cast by early and postal voting. If results are close, counting could go on for days and litigation for weeks. But a decisive outcome could be clear as early as election night.
Democratic candidate Joe Biden's edge over incumbent Republican President Donald Trump has been amazingly consistent. Since early summer, he has held a strong, typically double-digit, lead in national polls, and smaller but significant ones in most swing states, with almost no deviation.
Democrats are haunted by Mr Trump's unexpected victory over Hillary Clinton four years ago. Many Republicans appear convinced that he will somehow pull off another stunning upset.
But with the economy struggling and the coronavirus pandemic again surging, the underlying circumstances are radically different. Mrs Clinton was deeply unpopular, but there is no sign Mr Trump has provoked widespread dislike or mistrust of Mr Biden or demonstrated that he is senile or secretly radical.
Early voting data heavily favours the Democrats. Yet Mr Trump could still win, particularly if he inspires a large group of those among his core constituency of non-college-educated white Americans who typically don't vote to go to the polls on election day. A marked surge of new Republican voter registrations in key states provides the main hope that he will prevail after all.
The all-important Senate, meanwhile, seems a real toss-up and is now the main focus of serious Republican efforts.
Four years ago, many Trump-backers cast the election in starkly existential terms. Now he is being even more lurid and aggressive, warning that a Biden victory would destroy the country, wreck its economy, prompt waves of non-white immigration, and hand power to radical socialists.
This time, however, Democrats and numerous prominent disaffected Republican commentators and operatives (though few serving elected officials) agree that the stakes are historically and nationally existential. Mrs Clinton, by contrast, never took Mr Trump seriously until he won, and no one knew how he would behave in office.
Mr Trump's campaign proclaims that American culture, capitalism and, in effect, white ethnic power are at stake. Mr Biden's allies insist that democratic institutions and the rule of law might not survive four more years of Mr Trump. The “soul of the country", both sides say, is on the ballot.
The outcome will therefore force a far more dramatic reckoning within the losing party than any normal defeat would.
To counter Mr Trump's narrow but deeply passionate base, the Democratic Party and its own base voters strategically chose to unite, tack strongly to the centre and, through the staunchly moderate Mr Biden, build the broadest national coalition they could, including by courting receptive conservatives.
Democrats have bet everything on their centre-left mainstream leadership, essentially the old guard from the Bill Clinton and Barack Obama eras. They are basically offering Americans a return to pre-Trump “normality” through a familiar, moderate standard-bearer backed by a historically unprecedented bevy of his Republican former opponents who agree that democratic processes and institutions are in mortal peril from the current president.
If Mr Biden wins, this gamble will be strongly vindicated and reinforced. As the clash between Mrs Clinton and Senator Bernie Sanders of Vermont four years ago demonstrated, there is a bitter Democratic split between a typically younger and passionate left-wing camp, and the centrist, often literally old, guard still in charge.
From left: Democratic Representatives Rashida Tlaib, Ilhan Omar, Alexandria Ocasio-Cortez and Ayanna Pressley comprise the left wing of the Democratic Party. EPA
That division will persist and perhaps grow. But a Biden victory will mean the new generation of leftists, now led by Congresswoman Alexandria Ocasio-Cortez of New York, must be patient. They can still pursue control of the party, but will have to proceed cautiously, given the success of the centrist gambit, and, especially at first, the glow of victory.
But if Mr Trump wins, their ascendancy will be rapid. Amid bitter recriminations, the left would surely seize control of the party, shifting it radically in their direction.
Among Republicans, as Mr Trump's presidency demonstrates, populist hardliners have already decisively defeated and marginalised the centre-right old guard, such as 2012 GOP presidential candidate Senator Mitt Romney of Utah.
If Mr Trump is re-elected, this radicalism will be strongly reinforced, and his personal control become so entrenched that one of his own children may inherit his party leadership.
Senator Tom Cotton is aligned with the radical wing of the Republican Party. AP Photo
If Mr Trump is narrowly defeated while loudly charging fraud, and especially if Republicans retain the Senate, the stage will be set for him to attempt a comeback in 2024, health permitting. Failing that, one of his core “America First” supporters – perhaps Senators Tom Cotton of Arkansas or Josh Hawley of Missouri, or the notorious white nationalist TV commentator Tucker Carlson – could take the helm of a doggedly extreme Republican Party.
Even if he is trounced and Democrats take the Senate, a rapid resurgence of the beleaguered Republican centre-right seems unlikely. The base is now so extreme that what is needed is another programmatic Republican de-radicalisation campaign, even more extensive than efforts in the 1960s to marginalise the fanatical John Birch Society.
Instead, former South Carolina governor Nikki Haley is poised to try to amalgamate populist Trumpians and traditional Reaganite conservatives. She has strong Reaganite credentials but served as Mr Trump's UN ambassador without alienating him or his base.
Former UN ambassador Nikki Haley, right, could succeed Donald Trump at the helm of the Republican Party. AP Photo
Having painstakingly planted a foot in each camp, she has positioned herself to offer Republicans a viable future under a conservative, Christian woman of colour in an increasingly diverse country – a plausible opponent to another Indian-American, Mr Biden’s running mate and possible successor, Senator Kamala Harris.
If Trumpism implodes in the coming days, a new Haley-led conservative fusionism could be the sequel. But there is no sign of any Republican leaders preparing to banish or subdue the increasingly empowered menagerie of fanatics, white nationalists, QAnon and other bizarre cultists in their ranks.
If Mr Biden loses, the US could be trapped between two extremist parties, with moderates sidelined in both. But if he wins, centrists and all Americans still committed to traditional institutions of democracy and the rule of law will retain a strong, even commanding, voice into the foreseeable future.
Hussein Ibish is a senior resident scholar at the Arab Gulf States Institute and a US affairs columnist for The National
In numbers: China in Dubai
The number of Chinese people living in Dubai: An estimated 200,000
Number of Chinese people in International City: Almost 50,000
Daily visitors to Dragon Mart in 2018/19: 120,000
Daily visitors to Dragon Mart in 2010: 20,000
Percentage increase in visitors in eight years: 500 per cent
RACE CARD
6.30pm Al Maktoum Challenge Round-1 Group 1 (PA) Dh119,373 (Dirt) 1,600m
Pox that threatens the Middle East's native species
Camelpox
Caused by a virus related to the one that causes human smallpox, camelpox typically causes fever, swelling of lymph nodes and skin lesions in camels aged over three, but the animal usually recovers after a month or so. Younger animals may develop a more acute form that causes internal lesions and diarrhoea, and is often fatal, especially when secondary infections result. It is found across the Middle East as well as in parts of Asia, Africa, Russia and India.
Falconpox
Falconpox can cause a variety of types of lesions, which can affect, for example, the eyelids, feet and the areas above and below the beak. It is a problem among captive falcons and is one of many types of avian pox or avipox diseases that together affect dozens of bird species across the world. Among the other forms are pigeonpox, turkeypox, starlingpox and canarypox. Avipox viruses are spread by mosquitoes and direct bird-to-bird contact.
Houbarapox
Houbarapox is, like falconpox, one of the many forms of avipox diseases. It exists in various forms, with a type that causes skin lesions being least likely to result in death. Other forms cause more severe lesions, including internal lesions, and are more likely to kill the bird, often because secondary infections develop. This summer the CVRL reported an outbreak of pox in houbaras after rains in spring led to an increase in mosquito numbers.
U19 WORLD CUP, WEST INDIES
UAE group fixtures (all in St Kitts)
Saturday 15 January: UAE beat Canada by 49 runs
Thursday 20 January: v England
Saturday 22 January: v Bangladesh
UAE squad:
Alishan Sharafu (captain), Shival Bawa, Jash Giyanani, Sailles Jaishankar, Nilansh Keswani, Aayan Khan, Punya Mehra, Ali Naseer, Ronak Panoly, Dhruv Parashar, Vinayak Raghavan, Soorya Sathish, Aryansh Sharma, Adithya Shetty, Kai Smith
Conflict, drought, famine
Estimates of the number of deaths caused by the famine range from 400,000 to 1 million, according to a document prepared for the UK House of Lords in 2024. It has been claimed that the policies of the Ethiopian government, which took control after deposing Emperor Haile Selassie in a military-led revolution in 1974, contributed to the scale of the famine. Dr Miriam Bradley, senior lecturer in humanitarian studies at the University of Manchester, has argued that, by the early 1980s, “several government policies combined to cause, rather than prevent, a famine which lasted from 1983 to 1985. Mengistu’s government imposed Stalinist-model agricultural policies involving forced collectivisation and villagisation [relocation of communities into planned villages]. The West became aware of the catastrophe through a series of BBC News reports by journalist Michael Buerk in October 1984 describing a “biblical famine” and containing graphic images of thousands of people, including children, facing starvation.
Band Aid
Bob Geldof, singer with the Irish rock group The Boomtown Rats, formed Band Aid in response to the horrific images shown in the news broadcasts. With Midge Ure of the band Ultravox, he wrote the hit charity single Do They Know it’s Christmas in December 1984, featuring a string of high-profile musicians. Following the single’s success, the idea to stage a rock concert evolved. Live Aid was a series of simultaneous concerts that took place at Wembley Stadium in London, John F Kennedy Stadium in Philadelphia, the US, and at various other venues across the world. The combined event was broadcast to an estimated worldwide audience of 1.5 billion.
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 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.
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.
