On Wednesday, President Donald Trump used his executive power to pardon a number of close allies, including Roger Stone, former campaign chairman Paul Manafort and Charles Kushner, the father of his son-in-law and advisor, Jared Kushner.
Mr Trump previously sparked controversy in November when he pardoned his former national security advisor, Michael Flynn, who pleaded guilty in 2017 to lying to the FBI about his contacts with Russian officials. Manafort, 70, was charged as part of the same investigation.
At the time, Robert Mueller’s Special Counsel investigation was looking into allegations about foreign interference in the 2016 elections, on behalf of Mr Trump’s campaign.
The recent pardons bring the total number of people who have had sentences overturned or investigations quashed by Mr Trump to 49. Once again, the question of 'executive clemency' and pardoning is back in the spotlight.
How then, does the presidential pardon work?
It may seem at odds with day-to-day politics in one of the world’s oldest democracies, but presidential pardons are enshrined in the US Constitution.
America's founding political document contains the “Pardon Clause”, which allows the president to pardon individuals, including members of the president’s family.
State crimes are exempt from presidential intervention – so most felonies, such as murder, cannot be covered by a presidential pardon. Federal crimes typically cover matters of national interest, for example, breaking customs laws, or crimes that cross state boundaries.
Mr Trump has also said he could, if pressed, pardon himself, although some lawyers note that this would not be constitutional.
Importantly, Mr Trump can use the clause to stop an investigation, to stop a punishment from being carried out or to commute a sentence.
The latter was the case for Alice Marie Johnson, who Mr Trump pardoned in 2018, after she served a 21-year sentence for cocaine trafficking.
US model and celebrity Kim Kardashian-West had campaigned on Ms Marie Johnson’s behalf, using Mr Trump’s favourite social media platform. Ms Kardashian-West's husband, Kanye West, has in the past been a vocal supporter of Mr Trump.
Understandably, presidential pardons are the subject of considerable controversy: former president Bill Clinton famously pardoned his brother, Roger, as well as issuing several other pardons that were seen as politically motivated.
Mr Trump has drawn particular criticism however.
According to lawyers Jack Goldsmith and Mark Gluck, writing in the blog Lawfare, 29 of 34 individuals pardoned by Mr Trump may have advanced “a clear political goal of the president” or may have had a personal connection to him, or his friends.
Before the recent wave of pardons, here are some of Mr Trump’s most controversial interventions:
Dinesh D’Souza
D'Souza, who has regularly appeared on Fox news, pleaded guilty to making illegal campaign contributions in the 2012 Senate campaign of his friend, Republican Wendy Long. D'Souza was pardoned by Mr Trump in 2018.
Bernard Kerik
The former New York City police commissioner and conservative news pundit was found guilty in 2009 of tax fraud and lying to government officials, during a vetting process for the position of Homeland Security secretary. He was pardoned by Mr Trump in February.
Eddie Gallagher
One of three former US servicemen accused of war crimes and later pardoned by Mr Trump, US Special Forces commander Eddie Gallagher was accused by colleagues of shooting civilians during the battle of Mosul in Iraq in 2017. A military court cleared him of the most serious charges – shooting civilians – and Mr Trump later reversed his demotion.
Conrad Black
The former media mogul and biographer of Mr Trump was convicted in the US of fraud and obstructing justice in 2007. Mr Trump pardoned Black in 2019, describing him as a friend.
Paul Pogue
The Texan businessman was accused of failing to pay taxes in 2010, although he pleaded guilty to the charges and settled what was owed. In February, Mr Trump pardoned Mr Pogue, whose family reportedly made substantial donations to Mr Trump’s 2020 campaign, according to the Federal Election Commission.
The specs
Engine: 0.8-litre four cylinder
Power: 70bhp
Torque: 66Nm
Transmission: four-speed manual
Price: $1,075 new in 1967, now valued at $40,000
On sale: Models from 1966 to 1970
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UAE currency: the story behind the money in your pockets
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.”
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Company%20Profile
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The specs: 2019 Mercedes-Benz C200 Coupe
Price, base: Dh201,153
Engine: 2.0-litre turbocharged four-cylinder
Transmission: Nine-speed automatic
Power: 204hp @ 5,800rpm
Torque: 300Nm @ 1,600rpm
Fuel economy, combined: 6.7L / 100km
UAE currency: the story behind the money in your pockets
Living in...
This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.