Lloyd Austin, who led US troops into Baghdad in 2003 and rose to head the US Central Command, has been chosen by president-elect Joe Biden to be the first African-American secretary of defence, US media reported Monday.
A veteran of conflicts in Iraq and Afghanistan, the retired four-star army general, 67, beat the favourite for the job, former under-secretary of defence Michele Flournoy.
CNN, Politico and the New York Times cited unnamed sources familiar with the decision, after Mr Biden said earlier Monday that he had made his choice and would announce it on Friday. Gen Austin would require Senate confirmation to take up the post.
He spent four decades in the army, graduating from the West Point Military Academy and following a career with a wide range of assignments, from leading platoons to running logistics groups and overseeing recruiting, to senior Pentagon jobs.
In March 2003 he was the assistant division commander of the 3rd Infantry Division when it marched from Kuwait into Baghdad in the US invasion of Iraq.
From late 2003 to 2005, he was in Afghanistan commanding the Combined Joint Task Force 180, the principle US-led operation seeking to stabilise the security situation in the country.
In 2010 he was made commanding general of US forces in Iraq, and two years later became the commander of the Central Command, in charge of all Pentagon operations in the Middle East and Afghanistan. During his time in Iraq, he reportedly became close to Beau Biden, the late son of Joe Biden. Beau Biden, at the time holding the rank of Major, served on the staff of Gen Austin, and the two men often attended Catholic Mass together, remaining friends after their Iraq deployment. Beau Biden died of a brain tumor in 2015.
Gen Austin retired from the military in 2016, and joined the board of directors of Raytheon Technologies, one of the Pentagon's largest contractors.
He would require special approval from the Senate due to federal law that requires military officers to wait seven years after retirement before serving as the Pentagon chief.
The waiver has happened twice – most recently for general Jim Mattis, the first defence secretary in the administration of President Donald Trump.
But members of the Senate agreed begrudgingly, amid concerns over Mr Trump's views on the military, and several said at the time that they wouldn't want to do it again.
"He shouldn't be considered for the same reason that Sec. Mattis shouldn't have been," said Congressman Justin Amash in a tweet.
"The law prohibits recently retired members of the Armed Forces from serving in this civilian capacity. Mr Biden would be the second president in a row to violate this norm."
Gen Austin would take responsibility for the 1.2 million active service members, of which about 16 per cent are black.
But black Americans serve disproportionately in the lower ranks and few have achieved high command positions, with some notable exceptions. Colin Powell, whose parents were Jamaican, served as Chairman of the Joint Chiefs of Staff in the early 1990s.
The issue became more clear over the past year when some African-American servicemen and women expressed support for the national Black Lives Matter movement against police racism and abuse.
Former defence secretary Mark Esper said he held numerous listening sessions to make white soldiers understand what their black colleagues felt.
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Director: Elie Semaan
Starring: Abdullah Boushehri, Laila Abdallah, Lulwa Almulla
Rating: 3/5
Where to buy art books in the UAE
There are a number of speciality art bookshops in the UAE.
In Dubai, The Lighthouse at Dubai Design District has a wonderfully curated selection of art and design books. Alserkal Avenue runs a pop-up shop at their A4 space, and host the art-book fair Fully Booked during Art Week in March. The Third Line, also in Alserkal Avenue, has a strong book-publishing arm and sells copies at its gallery. Kinokuniya, at Dubai Mall, has some good offerings within its broad selection, and you never know what you will find at the House of Prose in Jumeirah. Finally, all of Gulf Photo Plus’s photo books are available for sale at their show.
In Abu Dhabi, Louvre Abu Dhabi has a beautiful selection of catalogues and art books, and Magrudy’s – across the Emirates, but particularly at their NYU Abu Dhabi site – has a great selection in art, fiction and cultural theory.
In Sharjah, the Sharjah Art Museum sells catalogues and art books at its museum shop, and the Sharjah Art Foundation has a bookshop that offers reads on art, theory and cultural history.
Who's who in Yemen conflict
Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government
Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council
Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south
Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory
What the law says
Micro-retirement is not a recognised concept or employment status under Federal Decree Law No. 33 of 2021 on the Regulation of Labour Relations (as amended) (UAE Labour Law). As such, it reflects a voluntary work-life balance practice, rather than a recognised legal employment category, according to Dilini Loku, senior associate for law firm Gateley Middle East.
“Some companies may offer formal sabbatical policies or career break programmes; however, beyond such arrangements, there is no automatic right or statutory entitlement to extended breaks,” she explains.
“Any leave taken beyond statutory entitlements, such as annual leave, is typically regarded as unpaid leave in accordance with Article 33 of the UAE Labour Law. While employees may legally take unpaid leave, such requests are subject to the employer’s discretion and require approval.”
If an employee resigns to pursue micro-retirement, the employment contract is terminated, and the employer is under no legal obligation to rehire the employee in the future unless specific contractual agreements are in place (such as return-to-work arrangements), which are generally uncommon, Ms Loku adds.
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Dubai Bling season three
Cast: Loujain Adada, Zeina Khoury, Farhana Bodi, Ebraheem Al Samadi, Mona Kattan, and couples Safa & Fahad Siddiqui and DJ Bliss & Danya Mohammed
Rating: 1/5
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The specs: 2019 Mercedes-Benz GLE
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Director: Jon M Chu
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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
More from Rashmee Roshan Lall
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.”
UAE currency: the story behind the money in your pockets