US Senator from California, Kamala Harris, addresses the media on January, 21 2019 at Howard University in Washington, DC after announcing earlier in the day that she is seeking to become the first African American woman to hold the office of US president, joining an already-crowded field of Democrats lining up to take on Donald Trump. Harris joins Senator Elizabeth Warren of Massachusetts, Hawaii congresswoman Tulsi Gabbard, New York Senator Kirsten Gillibrand and former housing secretary Julian Castro, among others, either in the race or exploring a run for the 2020 Democratic nomination. Nearly 22 months before the 2020 election, the battle for the White House is already firming up, as Americans begin to assess who might be the opposition party nominee to challenge Trump for control of the White House.

Harris made the announcement on the national holiday honoring civil rights movement icon Martin Luther King Jr., whom she said her mother met.

 / AFP / EVA HAMBACH
US Senator from California, Kamala Harris is seeking to become the first female African American president. AFP

Democrats lurch left on top policies as 2020 primary race begins



Democratic presidential contender Julian Castro launched his campaign by pledging support for "Medicare for All," free universal preschool, a large public investment in renewable energy and two years of free college for all Americans.

That wasn't enough for some of his party's most liberal members.

Critics on social media quickly knocked Mr Castro's plan to provide only two years of free higher education — instead of four — as "half measures", ''scraps" and "corporate Dem doublespeak". Aware of the backlash, the former Obama administration Cabinet member clarified his position in an interview days later.

"At least the first two years of college or university or apprenticeship programme should be tuition free — and preferably four years," Mr Castro said. "We're going to work toward that."

Welcome to the 2020 presidential primaries. Almost no policy is too liberal for Democrats fighting to win over their party's base, which is demanding a presidential nominee dedicated to pursuing bold action on America's most pressing challenges.

Among two dozen possible candidates, virtually all have embraced universal health care in one form or another. Some have rallied behind free college, job guarantee programmes, a $15 (Dh55) minimum wage and abolishing — or at least reconstituting — the federal agency that enforces immigration laws. While few have outlined detailed proposals to fund their priorities, most would generate new revenue by taxing the rich.

The leftward lurch on top policies carries risks.

President Donald Trump and his Republican allies are betting that voters will ultimately reject the Democratic proposals as extreme. Some GOP leaders cast lesser plans as socialism during the Obama era.

Republican critics are joined by a handful of moderate Democrats, who fear that promises by well-intentioned presidential prospects may create unrealistic expectations with their party's most passionate voters.

Billionaire businessman Michael Bloomberg, a former Republican mayor of New York now considering a Democratic presidential bid, recently opined that primary voters might be receptive to a more moderate approach.

"Most Democrats want a middle-of-the-road strategy," Mr Bloomberg said on ABC's The View. "If you go off on trying to push for something that has no chance of getting done, that we couldn't possibly pay for, that just takes away from where you can really make progress in helping people that need help today."

So far, at least, very few presidential prospects are heeding such warnings.

In the 2016 campaign, Vermont Senator Bernie Sanders, a self-described democratic socialist, was the only presidential contender to support "Medicare for All," a proposal that would essentially provide free healthcare coverage to all Americans. This year, it's hard to find anyone in opposition.

That's even after one recent study predicted the plan would cost taxpayers more than $32 trillion. Proponents argue that those same taxpayers would save the trillions they currently spend out-of-pocket for their health care.

Lesser-known policies have emerged heading into 2020 as well.

Cory Booker, a senator from New Jersey who is expected to launch his presidential campaign soon, has sponsored legislation to create a federal jobs guarantee programme in several communities across America. The pilot programme, which is co-sponsored by fellow 2020ers like the New York senator Kirsten Gillibrand, the Massachusetts senator Elizabeth Warren, the California senator Kamala Harris and the Oregon Senator Jeff Merkley, could transform the US labour market by providing well-paid government employment with benefits for anyone who wants it.

Critics decry the plan as a step toward socialism.

"Big challenges demand big solutions," Mr Booker said. "Both Martin Luther King Jr and president Franklin Roosevelt believed that every American had the right to a job, and that right has only become more important in this age of increasing income inequality, labour market concentration and continued employment discrimination."

Billionaire activist Tom Steyer supports much of the liberal movement's new priorities — including Mr Trump's impeachment — but says the federal jobs guarantee "doesn't make sense" given the nation's low employment rate.

"I want the private sector to produce jobs people can live on," he said in an interview. "A guarantee of government jobs doesn't make sense."

Yet Mr Steyer insists that most of his party's policy priorities — universal health care and free college, among them — are anything but radical.

"The Republicans are an extremist far-right, radical party. When you say we need to moderate to their position, there's nothing moderate or pragmatic about their position," said Mr Steyer, who recently backed away from a presidential run, although he's expected to spend tens of millions of dollars to shape the 2020 debate.

Free college is quickly emerging as a litmus test for Democratic contenders.

Those already on the record backing free tuition at public colleges and universities include former vice president Joe Biden, Mr Sanders, Ms Gillibrand, Ms Harris and Mrs Warren. Estimates vary for the cost to state and local taxpayers, although Mr Sanders acknowledged it could be $70 billion annually.

Mrs Warren seemed to back away from her support for free college during an appearance in Iowa earlier in the month, however. In 2017, she co-sponsored the "College For All Act", which would have made tuition free at public universities.

Asked in a radio interview whether she supports reducing the cost of college or offering it free, Mrs Warren responded: "No, I think this is about reducing the cost."

It's unlikely the Democratic Party's base would tolerate any significant shifts to the centre on free college — or any of the party's top issues.

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Read more:

Democrat Kamala Harris opens presidential bid

Could Elizabeth Warren be the challenger to beat Donald Trump in 2020?

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Such populist appeals helped fuel sweeping Democratic victories in last fall's midterm elections, while producing a new generation of unapologetic Democratic leaders such as New York Representative Alexandria Ocasio-Cortez, who is aligned with the democratic socialist movement. And polls repeatedly suggest that voters support proposals for universal health care, free college and free preschool.

"We have seen a dramatic shift in the Democratic Party's political centre," said Adam Green, co-founder of the Progressive Change Campaign Committee. "Those who deny that are hurting their chances in 2020."

Meanwhile, Mr Castro, like others in the early 2020 field, says he's fully committed to a "bold vision" to address the nation's top policy challenges.

"All Democrats recognise that this is not going to be easy, that to get Medicare for all, for instance, it's not guaranteed, it's not going to be easy, it may require along the way there are some compromises," he said. "But I'm convinced that it's worth it to go forward."

COMPANY PROFILE

Company name: Revibe
Started: 2022
Founders: Hamza Iraqui and Abdessamad Ben Zakour
Based: UAE
Industry: Refurbished electronics
Funds raised so far: $10m
Investors: Flat6Labs, Resonance and various others

A QUIET PLACE

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

Director: Michael Sarnoski

Rating: 4/5

The Specs

Engine: 1.6-litre 4-cylinder petrol
Power: 118hp
Torque: 149Nm
Transmission: Six-speed automatic
Price: From Dh61,500
On sale: Now

Alan Wake Remastered

Developer: Remedy Entertainment
Publisher: Microsoft Game Studios
Consoles: PlayStation 4 & 5, Xbox: 360 & One & Series X/S and Nintendo Switch
Rating: 4/5

Company Profile

Company name: Yeepeey

Started: Soft launch in November, 2020

Founders: Sagar Chandiramani, Jatin Sharma and Monish Chandiramani

Based: Dubai

Industry: E-grocery

Initial investment: $150,000

Future plan: Raise $1.5m and enter Saudi Arabia next year

Sun jukebox

Rufus Thomas, Bear Cat (The Answer to Hound Dog) (1953)

This rip-off of Leiber/Stoller’s early rock stomper brought a lawsuit against Phillips and necessitated Presley’s premature sale to RCA.

Elvis Presley, Mystery Train (1955)

The B-side of Presley’s final single for Sun bops with a drummer-less groove.

Johnny Cash and the Tennessee Two, Folsom Prison Blues (1955)

Originally recorded for Sun, Cash’s signature tune was performed for inmates of the titular prison 13 years later.

Carl Perkins, Blue Suede Shoes (1956)

Within a month of Sun’s February release Elvis had his version out on RCA.

Roy Orbison, Ooby Dooby (1956)

An essential piece of irreverent juvenilia from Orbison.

Jerry Lee Lewis, Great Balls of Fire (1957)

Lee’s trademark anthem is one of the era’s best-remembered – and best-selling – songs.

Herc's Adventures

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

On the menu

First course

▶ Emirati sea bass tartare Yuzu and labneh mayo, avocado, green herbs, fermented tomato water  

▶ The Tale of the Oyster Oyster tartare, Bahraini gum berry pickle

Second course

▶ Local mackerel Sourdough crouton, baharat oil, red radish, zaatar mayo

▶ One Flew Over the Cuckoo’s Nest Quail, smoked freekeh, cinnamon cocoa

Third course

▶ Bahraini bouillabaisse Venus clams, local prawns, fishfarm seabream, farro

▶ Lamb 2 ways Braised lamb, crispy lamb chop, bulgur, physalis

Dessert

▶ Lumi Black lemon ice cream, pistachio, pomegranate

▶ Black chocolate bar Dark chocolate, dates, caramel, camel milk ice cream
 

COMPANY PROFILE

Company name: Almouneer
Started: 2017
Founders: Dr Noha Khater and Rania Kadry
Based: Egypt
Number of staff: 120
Investment: Bootstrapped, with support from Insead and Egyptian government, seed round of
$3.6 million led by Global Ventures

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

RESULTS

Men
1 Marius Kipserem (KEN) 2:04:04
2 Abraham Kiptum (KEN) 2:04:16
3 Dejene Debela Gonfra (ETH) 2:07:06
4 Thomas Rono (KEN) 2:07:12
5 Stanley Biwott (KEN) 2:09:18

Women
1 Ababel Yeshaneh (ETH) 2:20:16
2 Eunice Chumba (BRN) 2:20:54
3 Gelete Burka (ETH) 2:24:07
4 Chaltu Tafa (ETH) 2:25:09
5 Caroline Kilel (KEN) 2:29:14

Spider-Man: No Way Home

Director: Jon Watts

Stars: Tom Holland, Zendaya, Jacob Batalon 

Rating:*****

Afcon 2019

SEMI-FINALS

Senegal v Tunisia, 8pm

Algeria v Nigeria, 11pm

Matches are live on BeIN Sports

Guardians of the Galaxy Vol 3

Director: James Gunn

Stars: Chris Pratt, Zoe Saldana, Dave Bautista, Vin Diesel, Bradley Cooper

Rating: 4/5

When Umm Kulthum performed in Abu Dhabi

Known as The Lady of Arabic Song, Umm Kulthum performed in Abu Dhabi on November 28, 1971, as part of celebrations for the fifth anniversary of the accession of Sheikh Zayed bin Sultan Al Nahyan as Ruler of Abu Dhabi. A concert hall was constructed for the event on land that is now Al Nahyan Stadium, behind Al Wahda Mall. The audience were treated to many of Kulthum's most well-known songs as part of the sold-out show, including Aghadan Alqak and Enta Omri.

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.”

The specs

Engine: 2.0-litre 4-cyl turbo

Power: 247hp at 6,500rpm

Torque: 370Nm from 1,500-3,500rpm

Transmission: 10-speed auto

Fuel consumption: 7.8L/100km

Price: from Dh94,900

On sale: now

The specs: 2018 Mazda CX-5

Price, base / as tested: Dh89,000 / Dh130,000
Engine: 2.5-litre four-cylinder
Power: 188hp @ 6,000rpm
Torque: 251Nm @ 4,000rpm
Transmission: Six-speed automatic
​​​​​​​Fuel consumption, combined: 7.1L / 100km

The Lowdown

Us

Director: Jordan Peele

Starring: Lupita Nyong'o, Winston Duke, Shahadi Wright Joseqph, Evan Alex and Elisabeth Moss

Rating: 4/5

Scoreline

Arsenal 0 Manchester City 3

  • Agüero 18'
  • Kompany 58'
  • Silva 65'
US federal gun reform since Sandy Hook

- April 17, 2013: A bipartisan-drafted bill to expand background checks and ban assault weapons fails in the Senate.

- July 2015: Bill to require background checks for all gun sales is introduced in House of Representatives. It is not brought to a vote.

- June 12, 2016: Orlando shooting. Barack Obama calls on Congress to renew law prohibiting sale of assault-style weapons and high-capacity magazines.

- October 1, 2017: Las Vegas shooting. US lawmakers call for banning bump-fire stocks, and some renew call for assault weapons ban.

- February 14, 2018: Seventeen pupils are killed and 17 are wounded during a mass shooting in Parkland, Florida.

- December 18, 2018: Donald Trump announces a ban on bump-fire stocks.

- August 2019: US House passes law expanding background checks. It is not brought to a vote in the Senate.

- April 11, 2022: Joe Biden announces measures to crack down on hard-to-trace 'ghost guns'.

- May 24, 2022: Nineteen children and two teachers are killed at an elementary school in Uvalde, Texas.

- June 25, 2022: Joe Biden signs into law the first federal gun-control bill in decades.

COMPANY PROFILE

Company: Eco Way
Started: December 2023
Founder: Ivan Kroshnyi
Based: Dubai, UAE
Industry: Electric vehicles
Investors: Bootstrapped with undisclosed funding. Looking to raise funds from outside

25-MAN SQUAD

Goalkeepers: Francis Uzoho, Ikechukwu Ezenwa, Daniel Akpeyi
Defenders: Olaoluwa Aina, Abdullahi Shehu, Chidozie Awaziem, William Ekong, Leon Balogun, Kenneth Omeruo, Jamilu Collins, Semi Ajayi 
Midfielders: John Obi Mikel, Wilfred Ndidi, Oghenekaro Etebo, John Ogu
Forwards: Ahmed Musa, Victor Osimhen, Moses Simon, Henry Onyekuru, Odion Ighalo, Alexander Iwobi, Samuel Kalu, Paul Onuachu, Kelechi Iheanacho, Samuel Chukwueze 

On Standby: Theophilus Afelokhai, Bryan Idowu, Ikouwem Utin, Mikel Agu, Junior Ajayi, Valentine Ozornwafor

About RuPay

A homegrown card payment scheme launched by the National Payments Corporation of India and backed by the Reserve Bank of India, the country’s central bank

RuPay process payments between banks and merchants for purchases made with credit or debit cards

It has grown rapidly in India and competes with global payment network firms like MasterCard and Visa.

In India, it can be used at ATMs, for online payments and variations of the card can be used to pay for bus, metro charges, road toll payments

The name blends two words rupee and payment

Some advantages of the network include lower processing fees and transaction costs

MATCH INFO

Uefa Champions League, semi-final result:

Liverpool 4-0 Barcelona

Liverpool win 4-3 on aggregate

Champions Legaue final: June 1, Madrid

A Round of Applause

Director: Berkun Oya
Starring: Aslihan Gürbüz, Fatih Artman, Cihat Suvarioglu
Rating: 4/5

TWISTERS

Director:+Lee+Isaac+Chung

Starring:+Glen+Powell,+Daisy+Edgar-Jones,+Anthony+Ramos

Rating:+2.5/5

The drill

Recharge as needed, says Mat Dryden: “We try to make it a rule that every two to three months, even if it’s for four days, we get away, get some time together, recharge, refresh.” The couple take an hour a day to check into their businesses and that’s it.

Stick to the schedule, says Mike Addo: “We have an entire wall known as ‘The Lab,’ covered with colour-coded Post-it notes dedicated to our joint weekly planner, content board, marketing strategy, trends, ideas and upcoming meetings.”

Be a team, suggests Addo: “When training together, you have to trust in each other’s abilities. Otherwise working out together very quickly becomes one person training the other.”

Pull your weight, says Thuymi Do: “To do what we do, there definitely can be no lazy member of the team.” 

ELECTION RESULTS

Macron’s Ensemble group won 245 seats.

The second-largest group in parliament is Nupes, a leftist coalition led by Jean-Luc Melenchon, which gets 131 lawmakers.

The far-right National Rally fared much better than expected with 89 seats.

The centre-right Republicans and their allies took 61.


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