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A virtuoso on second fiddle



One day, early in Bill and Hillary Clinton's eight-year spell in the White House, their daughter Chelsea was feeling poorly at her private school in Washington DC and the nurse decided an aspirin would be in order. School regulations laid down that parental consent was needed before any medication could be dispensed, which presented an obvious problem. "Call my dad," Chelsea advised the nurse briskly, "my mom's too busy."

The nurse followed the child's advice and got through to the Oval Office with surprising ease. The president quickly gave permission for the aspirin to be administered. Then he stayed on the line for a long chat about her symptoms, and other matters. This anecdote - which happens to be true - is revealing not just because it shows an endearingly human side to Bill Clinton, but also because it confirms how Chelsea, even as a young girl, understood where the real power resided in her family.

Many who have fallen within the Clintons' orbit over the years have remarked upon Hillary's lack of tact, but no one has ever doubted her stringent self-confidence, or her utter conviction that she is entitled to wield power in her own right. To the surprise of no informed Washington insider, the Clintons are once again capturing the American political headlines at a time when the spotlight might more properly be pointed at the man who won the recent presidential election. All talk and coverage of president-elect Barack Obama's transition to the White House has been overtaken by Hillary speculation. Will she or won't she accept the offer to become Mr Obama's secretary of state; has she, for that matter, actually been offered the job?

Hillary Clinton lost the battle for the Democratic nomination, yet once again she is The Story and, like a good soap opera, this drama is wringing emotional responses and calculations not just from her, but from her husband and her closest friends, who are happy to talk to the media. For Hillary, how bitter must be the realisation now that had things gone better for her in a couple of pivotal primaries, and had she sewn up the nomination, then she would almost certainly have won the election against the Republican nominee, Senator John McCain, who in the run-up to the election proved himself the most inept national campaigner since Bob Dole in 1996.

Bill Clinton called himself the "Comeback Kid" after he bounced back in the New Hampshire primary of 1992 and rescued his first White House run when it appeared certain to collapse under the enormous weight of the Gennifer Flowers sex scandal (it was not actually a big scandal; the only scandal was that he was denying a low-intensity, long-standing affair with a woman when it was clear to everyone that he was lying, as was subsequently confirmed).

But it is not only Bill Clinton who has this resilience. Watching Hillary earn the devotion of white working class men and women in blue-collar states such as Pennsylvania a few months ago as she tried to overtake the candidate Obama, it is difficult to remember how reviled she was when her husband burst into the national consciousness in 1992. From his earliest days in Arkansas politics, Bill always had the easy charm, the warm handshake, the "elevator eyes" that appraised any youngish woman from kitten heels to hair band, and back again. The voters looked into Bill's open face and saw their own weaknesses and foibles reflected back at them. So they forgave him his sins of the flesh, which somehow seemed to be caused by too exuberant an appetite for life, which is no great offence when you think about it.

By contrast, in the public mind at least, Hillary was cold and shrill, the icy feminist from the Midwest who was not fit for retail politics. People who got to know the Clintons in Washington in the 1990s said this caricature was wide of the mark and that in private she had a warmth and earthy sense of humour. It was said she could tell a decent dirty joke; but no matter, the public image was all, and it stuck, even if it was unfair.

How galling all this must have been for Hillary during her husband's two terms in the White House and as she ran around after him, clearing up the messes he left. Hillary Rodham met Bill Clinton at Yale Law School in the early 1970s and she was easily the better student, comfortably outscoring her boyfriend in all the tests. Like all good lawyers, her mind was clear and precise, whereas Bill's was meandering and diffuse.

Yet it was Bill who had that special quality that was to lead him inexorably into politics and she was always just the helper. She once said she was not the type of gal who was contented to stand by her man, but in truth no first lady has any choice but to take up that role once she finds herself in the White House. And she had to stand by him even when, humiliatingly, it was found he had dallied with a young intern named Monica Lewinsky in a room just off the Oval Office, with disastrous consequences for his presidency.

But when Hillary Clinton struck out on her own, she confounded her critics and triumphed and, as her husband left the White House, she found a seat in the Senate. Her record since has been good enough that two years ago she was in position to mount a plausible bid for the Democratic presidential nomination, and she very nearly won. Her primary campaign against Mr Obama was a dirty one and Bill Clinton himself was occasionally on hand to press buttons which raised covert racial questions about Mr Obama's suitability. It was never a pretty fight, and several times it threatened to become very ugly indeed.

Mr Obama held his nerve, maintained his poise and prevailed. Why now, then, Democrats in Washington wonder, is he drawn to deal with the Clinton machine when, on the face of it, he would not seem to need her? One explanation might be Mr Obama's recognition that, in narrowly winning the Democratic nomination, he failed to score convincingly with white working class voters. And as the credit crunch bites in the United States, and it is clear the incoming administration will face serious questions about its willingness to bail out the US car industry, the new president will need all strands of Democratic opinion on his side. Should one or more of the big three auto manufacturers lapse into bankruptcy in the early days of the Obama administration, the new president could do without sniping from a rival who got the blue-collar vote in the states likely to be worst affected.

But there is another point. It is often said in American presidential politics that you want your enemies inside your tent, facing out, rather than outside, facing in. The role of secretary of state is precisely as important as the president wants it to be. The incumbent does not work in the White House, but down the road in an obscure part of town called Foggy Bottom, where the state department is placed and, in Washington, geographical proximity to the seat of power is all.

Colin Powell was lured into the Bush administration to give some semblance of multilateral thinking in difficult times, but he was ineffective. Successful secretaries of state prevail only when they have the authority of their boss. James Baker, the first President Bush's secretary of state, was the best example of this, ruthlessly enforcing his master's will in assembling the broad coalition in favour of the First Gulf War against Iraq.

Hillary is smart enough to know that she could be humiliated. Unlike Mr Obama, she voted in the Senate in favour of the Iraq war; she made a fool of herself during the campaign earlier this year by suggesting she flew into Bosnia as first lady under fire, when the news footage showed an elaborate and cosy reception committee had been in place. She has ridden out those embarrassments and she has shown she has a thick skin. But if she accepts the job as secretary of state, she must know she faces the prospect of being marginalised and condemned to playing second fiddle - a role she mastered for eight years in the White House even if her family indulged her by pretending they thought she was really in charge.

* The National

COMPANY PROFILE

Name: Elmawkaa
Based: Hub71, Abu Dhabi
Founders: Ebrahem Anwar, Mahmoud Habib and Mohamed Thabet
Sector: PropTech
Total funding: $400,000
Investors: 500 Startups, Flat6Labs and angel investors
Number of employees: 12

Sarfira

Director: Sudha Kongara Prasad

Starring: Akshay Kumar, Radhika Madan, Paresh Rawal

Rating: 2/5

Ads on social media can 'normalise' drugs

A UK report on youth social media habits commissioned by advocacy group Volteface found a quarter of young people were exposed to illegal drug dealers on social media.

The poll of 2,006 people aged 16-24 assessed their exposure to drug dealers online in a nationally representative survey.

Of those admitting to seeing drugs for sale online, 56 per cent saw them advertised on Snapchat, 55 per cent on Instagram and 47 per cent on Facebook.

Cannabis was the drug most pushed by online dealers, with 63 per cent of survey respondents claiming to have seen adverts on social media for the drug, followed by cocaine (26 per cent) and MDMA/ecstasy, with 24 per cent of people.

Listen to Extra Time
The five pillars of Islam

1. Fasting

2. Prayer

3. Hajj

4. Shahada

5. Zakat 

The five pillars of Islam
Teri Baaton Mein Aisa Uljha Jiya

Directors: Amit Joshi and Aradhana Sah

Cast: Shahid Kapoor, Kriti Sanon, Dharmendra, Dimple Kapadia, Rakesh Bedi

Rating: 4/5

COMPANY PROFILE

Name: Kinetic 7
Started: 2018
Founder: Rick Parish
Based: Abu Dhabi, UAE
Industry: Clean cooking
Funding: $10 million
Investors: Self-funded

Company profile

Company name: Fasset
Started: 2019
Founders: Mohammad Raafi Hossain, Daniel Ahmed
Based: Dubai
Sector: FinTech
Initial investment: $2.45 million
Current number of staff: 86
Investment stage: Pre-series B
Investors: Investcorp, Liberty City Ventures, Fatima Gobi Ventures, Primal Capital, Wealthwell Ventures, FHS Capital, VN2 Capital, local family offices

57 Seconds

Director: Rusty Cundieff
Stars: Josh Hutcherson, Morgan Freeman, Greg Germann, Lovie Simone
Rating: 2/5

EMIRATES'S REVISED A350 DEPLOYMENT SCHEDULE

Edinburgh: November 4 (unchanged)

Bahrain: November 15 (from September 15); second daily service from January 1

Kuwait: November 15 (from September 16)

Mumbai: January 1 (from October 27)

Ahmedabad: January 1 (from October 27)

Colombo: January 2 (from January 1)

Muscat: March 1 (from December 1)

Lyon: March 1 (from December 1)

Bologna: March 1 (from December 1)

Source: Emirates

'Ghostbusters: From Beyond'

Director: Jason Reitman

Starring: Paul Rudd, Carrie Coon, Finn Wolfhard, Mckenna Grace

Rating: 2/5

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.”

Sly Cooper and the Thievius Raccoonus

Developer: Sucker Punch Productions
Publisher: Sony Computer Entertainment
Console: PlayStation 2 to 5
Rating: 5/5

ROUTE TO TITLE

Round 1: Beat Leolia Jeanjean 6-1, 6-2
Round 2: Beat Naomi Osaka 7-6, 1-6, 7-5
Round 3: Beat Marie Bouzkova 6-4, 6-2
Round 4: Beat Anastasia Potapova 6-0, 6-0
Quarter-final: Beat Marketa Vondrousova 6-0, 6-2
Semi-final: Beat Coco Gauff 6-2, 6-4
Final: Beat Jasmine Paolini 6-2, 6-2

A QUIET PLACE

Starring: Lupita Nyong'o, Joseph Quinn, Djimon Hounsou

Director: Michael Sarnoski

Rating: 4/5

SPECS

Engine: 4-litre V8 twin-turbo
Power: 630hp
Torque: 850Nm
Transmission: 8-speed Tiptronic automatic
Price: From Dh599,000
On sale: Now

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. 

The specs

Engine: 2.0-litre 4cyl turbo
Power: 261hp at 5,500rpm
Torque: 400Nm at 1,750-4,000rpm
Transmission: 7-speed dual-clutch auto
Fuel consumption: 10.5L/100km
On sale: Now
Price: From Dh129,999 (VX Luxury); from Dh149,999 (VX Black Gold)

MATCH INFO

Uefa Champions League final:

Who: Real Madrid v Liverpool
Where: NSC Olimpiyskiy Stadium, Kiev, Ukraine
When: Saturday, May 26, 10.45pm (UAE)
TV: Match on BeIN Sports

Milestones on the road to union

1970

October 26: Bahrain withdraws from a proposal to create a federation of nine with the seven Trucial States and Qatar. 

December: Ahmed Al Suwaidi visits New York to discuss potential UN membership.

1971

March 1:  Alex Douglas Hume, Conservative foreign secretary confirms that Britain will leave the Gulf and “strongly supports” the creation of a Union of Arab Emirates.

July 12: Historic meeting at which Sheikh Zayed and Sheikh Rashid make a binding agreement to create what will become the UAE.

July 18: It is announced that the UAE will be formed from six emirates, with a proposed constitution signed. RAK is not yet part of the agreement.

August 6:  The fifth anniversary of Sheikh Zayed becoming Ruler of Abu Dhabi, with official celebrations deferred until later in the year.

August 15: Bahrain becomes independent.

September 3: Qatar becomes independent.

November 23-25: Meeting with Sheikh Zayed and Sheikh Rashid and senior British officials to fix December 2 as date of creation of the UAE.

November 29:  At 5.30pm Iranian forces seize the Greater and Lesser Tunbs by force.

November 30: Despite  a power sharing agreement, Tehran takes full control of Abu Musa. 

November 31: UK officials visit all six participating Emirates to formally end the Trucial States treaties

December 2: 11am, Dubai. New Supreme Council formally elects Sheikh Zayed as President. Treaty of Friendship signed with the UK. 11.30am. Flag raising ceremony at Union House and Al Manhal Palace in Abu Dhabi witnessed by Sheikh Khalifa, then Crown Prince of Abu Dhabi.

December 6: Arab League formally admits the UAE. The first British Ambassador presents his credentials to Sheikh Zayed.

December 9: UAE joins the United Nations.

Company Profile

Name: Direct Debit System
Started: Sept 2017
Based: UAE with a subsidiary in the UK
Industry: FinTech
Funding: Undisclosed
Investors: Elaine Jones
Number of employees: 8

Herc's Adventures

Developer: Big Ape Productions
Publisher: LucasArts
Console: PlayStation 1 & 5, Sega Saturn
Rating: 4/5

The specs: 2018 Nissan Patrol Nismo

Price: base / as tested: Dh382,000

Engine: 5.6-litre V8

Gearbox: Seven-speed automatic

Power: 428hp @ 5,800rpm

Torque: 560Nm @ 3,600rpm

Fuel economy, combined: 12.7L / 100km

THE SPECS

Engine: 1.5-litre, four-cylinder turbo

Transmission: seven-speed dual clutch automatic

Power: 169bhp

Torque: 250Nm

Price: Dh54,500

On sale: now

The National selections

6pm: Go Soldier Go
6.35pm: Man Of Promise
7.10pm: Withering
7.45pm: Mawj
8.20pm: Falling Shadow
8.55pm: Law Of Peace
9.30pm: Naval Power
10.05pm: The Attorney

SPECS

Engine: 1.5-litre turbo

Power: 181hp

Torque: 230Nm

Transmission: 6-speed automatic

Starting price: Dh79,000

On sale: Now

Turning waste into fuel

Average amount of biofuel produced at DIC factory every month: Approximately 106,000 litres

Amount of biofuel produced from 1 litre of used cooking oil: 920ml (92%)

Time required for one full cycle of production from used cooking oil to biofuel: One day

Energy requirements for one cycle of production from 1,000 litres of used cooking oil:
▪ Electricity - 1.1904 units
▪ Water- 31 litres
▪ Diesel – 26.275 litres

DUNGEONS & DRAGONS: HONOR AMONG THIEVES

Directors: John Francis Daley and Jonathan Goldstein
Stars: Chris Pine, Michelle Rodriguez, Rege-Jean Page, Justice Smith, Sophia Lillis
Rating: 3/5


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