New York City's next mayor Eric Adams at his election night party in Brooklyn. Reuters
New York City's next mayor Eric Adams at his election night party in Brooklyn. Reuters
New York City's next mayor Eric Adams at his election night party in Brooklyn. Reuters
New York City's next mayor Eric Adams at his election night party in Brooklyn. Reuters

Eric Adams elected mayor of New York City


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Former police officer Eric Adams has been elected mayor of New York City.

Mr Adams, who fought racial discrimination within the force, will in January become the city's second black mayor. He vowed to make New York's post-coronavirus economic recovery his main focus.

New York has been heavily affected by the pandemic as thousands of businesses closed and more than 34,000 residents were killed by the coronavirus.

Early in the pandemic, the city had some of the highest infection and death rates in the US.

Mr Adams's win caps a remarkable rise from his beginnings in poverty, which included running errands for a gang as a teenager before a beating by police officers spurred his determination to join the force and reform it from the inside.

“Tonight, I have accomplished my dream and, with all my heart, I am going to remove the barriers that are preventing you from accomplishing yours,” the centrist Democrat told cheering supporters at his victory party in Brooklyn.

Mr Adams, 61, had been the overwhelming favourite to defeat Republican rival and volunteer crime fighter Curtis Sliwa. New York is heavily liberal, with registered Democrats outnumbering Republicans by seven to one.

US TV networks including NBC and CBS called the race shortly after polls closed at 9pm eastern time

Early unofficial results released by New York City's Board of Elections suggested that Mr Adams would win more than 70 per cent of the votes and Mr Sliwa, 67, a right-wing radio host and founder of the Guardian Angels crime prevention group, quickly conceded.

Being New York's mayor is often described as the most difficult job in the US after that of being president.

Mr Adams, who credits veganism with reversing his 2016 diabetes diagnosis, will succeed highly unpopular Bill de Blasio, whose second and last term ends on December 31.

Dancers perform at incoming New York mayor Eric Adams' election night party in Brooklyn. Reuters
Dancers perform at incoming New York mayor Eric Adams' election night party in Brooklyn. Reuters

As mayor for more than eight million people, he will oversee America's largest municipal budget, its biggest police force and public school system.

The moderate defeated progressive rivals in June's Democratic primary by pledging to crack down on violent crime that increased steeply during the pandemic.

He promised to tackle wealth inequalities and reform the education system, as well.

Mr Adams will also have to deal with a severe lack of cheap housing, the effects of more extreme weather events on New York's creaking infrastructure and violent chaos at the notorious Rikers Island prison.

“If you do not educate you, will incarcerate and we do not want to incarcerate our young people,” he said in his victory speech.

Company%20profile
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How to keep control of your emotions

If your investment decisions are being dictated by emotions such as fear, greed, hope, frustration and boredom, it is time for a rethink, Chris Beauchamp, chief market analyst at online trading platform IG, says.

Greed

Greedy investors trade beyond their means, open more positions than usual or hold on to positions too long to chase an even greater gain. “All too often, they incur a heavy loss and may even wipe out the profit already made.

Tip: Ignore the short-term hype, noise and froth and invest for the long-term plan, based on sound fundamentals.

Fear

The risk of making a loss can cloud decision-making. “This can cause you to close out a position too early, or miss out on a profit by being too afraid to open a trade,” he says.

Tip: Start with a plan, and stick to it. For added security, consider placing stops to reduce any losses and limits to lock in profits.

Hope

While all traders need hope to start trading, excessive optimism can backfire. Too many traders hold on to a losing trade because they believe that it will reverse its trend and become profitable.

Tip: Set realistic goals. Be happy with what you have earned, rather than frustrated by what you could have earned.

Frustration

Traders can get annoyed when the markets have behaved in unexpected ways and generates losses or fails to deliver anticipated gains.

Tip: Accept in advance that asset price movements are completely unpredictable and you will suffer losses at some point. These can be managed, say, by attaching stops and limits to your trades.

Boredom

Too many investors buy and sell because they want something to do. They are trading as entertainment, rather than in the hope of making money. As well as making bad decisions, the extra dealing charges eat into returns.

Tip: Open an online demo account and get your thrills without risking real money.

MOUNTAINHEAD REVIEW

Starring: Ramy Youssef, Steve Carell, Jason Schwartzman

Director: Jesse Armstrong

Rating: 3.5/5

UAE currency: the story behind the money in your pockets
MATCH INFO

Everton 2 Southampton 1
Everton: Walcott (15'), Richarlison (31' )
Southampton: Ings (54')

Man of the match: Theo Walcott (Everton)

Groom and Two Brides

Director: Elie Semaan

Starring: Abdullah Boushehri, Laila Abdallah, Lulwa Almulla

Rating: 3/5

What can victims do?

Always use only regulated platforms

Stop all transactions and communication on suspicion

Save all evidence (screenshots, chat logs, transaction IDs)

Report to local authorities

Warn others to prevent further harm

Courtesy: Crystal Intelligence

ETFs explained

Exhchange traded funds are bought and sold like shares, but operate as index-tracking funds, passively following their chosen indices, such as the S&P 500, FTSE 100 and the FTSE All World, plus a vast range of smaller exchanges and commodities, such as gold, silver, copper sugar, coffee and oil.

ETFs have zero upfront fees and annual charges as low as 0.07 per cent a year, which means you get to keep more of your returns, as actively managed funds can charge as much as 1.5 per cent a year.

There are thousands to choose from, with the five biggest providers BlackRock’s iShares range, Vanguard, State Street Global Advisors SPDR ETFs, Deutsche Bank AWM X-trackers and Invesco PowerShares.

Opening Rugby Championship fixtures: Games can be watched on OSN Sports
Saturday: Australia v New Zealand, Sydney, 1pm (UAE)
Sunday: South Africa v Argentina, Port Elizabeth, 11pm (UAE)

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The Facility’s Versatility

Between the start of the 2020 IPL on September 20, and the end of the Pakistan Super League this coming Thursday, the Zayed Cricket Stadium has had an unprecedented amount of traffic.
Never before has a ground in this country – or perhaps anywhere in the world – had such a volume of major-match cricket.
And yet scoring has remained high, and Abu Dhabi has seen some classic encounters in every format of the game.
 
October 18, IPL, Kolkata Knight Riders tied with Sunrisers Hyderabad
The two playoff-chasing sides put on 163 apiece, before Kolkata went on to win the Super Over
 
January 8, ODI, UAE beat Ireland by six wickets
A century by CP Rizwan underpinned one of UAE’s greatest ever wins, as they chased 270 to win with an over to spare
 
February 6, T10, Northern Warriors beat Delhi Bulls by eight wickets
The final of the T10 was chiefly memorable for a ferocious over of fast bowling from Fidel Edwards to Nicholas Pooran
 
March 14, Test, Afghanistan beat Zimbabwe by six wickets
Eleven wickets for Rashid Khan, 1,305 runs scored in five days, and a last session finish
 
June 17, PSL, Islamabad United beat Peshawar Zalmi by 15 runs
Usman Khawaja scored a hundred as Islamabad posted the highest score ever by a Pakistan team in T20 cricket

UAE currency: the story behind the money in your pockets
COMPANY%20PROFILE
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Updated: November 03, 2021, 4:40 AM