CEDAR RAPIDS, IOWA // Can the US president, Barack Obama, win another term in the White House? That question begins being answered tomorrow across schools, gymnasiums, churches and community centres in the agricultural state of Iowa.
Registered voters will go to 800 centres to cast their vote for who the Republican party challenger to Mr Obama should be.
After months of campaigning, televised debates and scandals, the choice is a mixed bag.
Among the seven candidates, there is Newt Gingrich, who says the Palestinians are an "invented" people, despite once embracing Yasser Aarafat, the head of the Palestinian Liberation Organisation.
And Mitt Romney, a Mormon and the wealthy former governor of Massachusetts, who once boasted about how much money he made.
Ron Paul, a libertarian congressman from Texas, wants to eliminate eight federal government agencies. A former aide says he is anti-Israeli, something Mr Paul rejects.
Michelle Bachman, a congresswoman from Minnesota, who wants to phase out social security and Medicare.
Rick Santorum, a former Pennsylvania senator who believes Islamic fascism rooted in Iran is the source of much of the world's strife.
This vote is important because it is the first ballot in the contest to choose which Republican will challenge a Democrat president whose popularity has wavered.
Voters here are beginning the process of choosing delegates who will then join other delegates from around the country at the Republican party convention in Florida in August to decide who will challenge Mr Obama in November's election.
Democrats too have a caucus, or a vote, but there are no challengers to Mr Obama, and the party's efforts will be focused on organising for the presidential campaign.
For a time this largely rural and sparsely populated state will be at the heart of American politics.
Without a good start here, it could be hard for candidates to maintain momentum, although the picture could change as the campaign swings through the south.
The caucus are grassroots democracy at its best. Candidates have to leave the bubble of Washington or state politics and travel through the towns and cities here to talk with people. And listen to them.
Mr Santorum, for instance, has visited every one of Iowa's 99 counties and it could stand him in good stead tomorrow.
In effect, a candidate is successful in Iowa if his party workers can convince their neighbours to vote for him.
It is a process that makes Iowan politics inclusive and simple, said Jim Conklin, a former Republican Party chairman in Linn County.
"Iowans will listen to anyone, once," Mr Conklin said, sitting in a sparse office functioning as a temporary Republican headquarters on the outskirts of Cedar Rapids, Linn County's largest town.
"If you can reach them, you have a chance with them."
And while winning Iowa does not necessarily mean winning the eventual nomination - in fact, it usually doesn't - a good showing is necessary to garner national attention and secure vital campaign financing.
"You want to be propelled out of Iowa," said Renee Schulte, a Republican state legislator from Cedar Rapids.
"In order to do that, you want to be among the top three."
But this year, things may be different.
The field remains wide open and only Mr Romney has shown anything resembling consistency in polls.
He has more money and a bigger campaign staff than his competition.
As a Mormon, Mr Romney struggles for support from the important evangelical constituency. And his support seems tepid, more grounded in the perception that of all the leading candidates he would stand a better chance against Mr Obama. In effect, the least worst choice.
The other candidates arouse greater passion. But each is problematic.
Mr Santorum is relatively unknown, and while doing well in polls in Iowa, he has concentrated all his efforts here and has very little presence in the states that follow, especially New Hampshire, Nevada and Florida.
He is also socially conservative, a position that might make him popular in the America's heartland, but would be harder to translate onto broader support nationally.
Mr Paul garners near fanatical support, and is running a highly disciplined campaign.
But his critics say he is too radical to beat Mr Obama, with his plans to bring back the gold standard - where gold is the standard economic measure - and abolish the Federal Reserve.
Mr Gingrich carries a lot of baggage, with three marriages and one admitted affair, which could be an issue with socially conservative Republicans.
Moreover, questions over the more than US$1.6 million (Dh5.8m) payment for consultancy work he did for Freddie Mac, a government mortgage provider embroiled in the 2008 housing finance crisis.
Mrs Schulte, who is supporting Mr Romney, said any nominee's chances against Mr Obama would to a great degree depend on their choice of vice-presidential running mate.
"There will have to be some Yin-Yang with the choice of vice-president," she suggested.
But she conceded that did not help Republican challenger John McCain when he chose Alaska governor Sarah Palin as his running mate against Mr Obama in the 2008 election.
But Mr Conklin, who supports Mr Gingrich, said that doesn't really matter.
Republican dislike of Mr Obama ran so deep, he said, that the party would unite behind the eventual nominee.
"Any of them is better than Obama."
okarmi@thenational.ae
Kandahar%20
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Our legal consultants
Name: Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants.
The specs
Engine: Four electric motors, one at each wheel
Power: 579hp
Torque: 859Nm
Transmission: Single-speed automatic
Price: From Dh825,900
On sale: Now
The specs
Engine: 1.5-litre 4-cylinder petrol
Power: 154bhp
Torque: 250Nm
Transmission: 7-speed automatic with 8-speed sports option
Price: From Dh79,600
On sale: Now
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if you go
The flights
Direct flights from the UAE to the Nepalese capital, Kathmandu, are available with Air Arabia, (www.airarabia.com) Fly Dubai (www.flydubai.com) or Etihad (www.etihad.com) from Dh1,200 return including taxes. The trek described here started from Jomson, but there are many other start and end point variations depending on how you tailor your trek. To get to Jomson from Kathmandu you must first fly to the lake-side resort town of Pokhara with either Buddha Air (www.buddhaair.com) or Yeti Airlines (www.yetiairlines.com). Both charge around US$240 (Dh880) return. From Pokhara there are early morning flights to Jomson with Yeti Airlines or Simrik Airlines (www.simrikairlines.com) for around US$220 (Dh800) return.
The trek
Restricted area permits (US$500 per person) are required for trekking in the Upper Mustang area. The challenging Meso Kanto pass between Tilcho Lake and Jomson should not be attempted by those without a lot of mountain experience and a good support team. An excellent trekking company with good knowledge of Upper Mustang, the Annaurpuna Circuit and Tilcho Lake area and who can help organise a version of the trek described here is the Nepal-UK run Snow Cat Travel (www.snowcattravel.com). Prices vary widely depending on accommodation types and the level of assistance required.
Paatal Lok season two
Directors: Avinash Arun, Prosit Roy
Stars: Jaideep Ahlawat, Ishwak Singh, Lc Sekhose, Merenla Imsong
Rating: 4.5/5
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EXPATS
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ARM%20IPO%20DETAILS
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MATCH INFO
Uefa Champions League semi-finals, first leg
Liverpool v Roma
When: April 24, 10.45pm kick-off (UAE)
Where: Anfield, Liverpool
Live: BeIN Sports HD
Second leg: May 2, Stadio Olimpico, Rome
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More on animal trafficking
Formula Middle East Calendar (Formula Regional and Formula 4)
Round 1: January 17-19, Yas Marina Circuit – Abu Dhabi
Round 2: January 22-23, Yas Marina Circuit – Abu Dhabi
Round 3: February 7-9, Dubai Autodrome – Dubai
Round 4: February 14-16, Yas Marina Circuit – Abu Dhabi
Round 5: February 25-27, Jeddah Corniche Circuit – Saudi Arabia
The Breadwinner
Director: Nora Twomey
Starring: Saara Chaudry, Soma Chhaya, Laara Sadiq
Three stars
THE DETAILS
Deadpool 2
Dir: David Leitch
Starring: Ryan Reynolds, Josh Brolin, Justin Dennison, Zazie Beetz
Four stars
How to avoid crypto fraud
- Use unique usernames and passwords while enabling multi-factor authentication.
- Use an offline private key, a physical device that requires manual activation, whenever you access your wallet.
- Avoid suspicious social media ads promoting fraudulent schemes.
- Only invest in crypto projects that you fully understand.
- Critically assess whether a project’s promises or returns seem too good to be true.
- Only use reputable platforms that have a track record of strong regulatory compliance.
- Store funds in hardware wallets as opposed to online exchanges.
Day 3 stumps
New Zealand 153 & 249
Pakistan 227 & 37-0 (target 176)
Pakistan require another 139 runs with 10 wickets remaining
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.”
Results
Stage Two:
1. Mark Cavendish (GBR) QuickStep-AlphaVinyl 04:20:45
2. Jasper Philipsen (BEL) Alpecin-Fenix
3. Pascal Ackermann (GER) UAE Team Emirates
4. Olav Kooij (NED) Jumbo-Visma
5. Arnaud Demare (FRA) Groupama-FDJ
General Classification:
1. Jasper Philipsen (BEL) Alpecin-Fenix 09:03:03
2. Dmitry Strakhov (RUS) Gazprom-Rusvelo 00:00:04
3. Mark Cavendish (GBR) QuickStep-AlphaVinyl 00:00:06
4. Sam Bennett (IRL) Bora-Hansgrohe 00:00:10
5. Pascal Ackermann (GER) UAE Team Emirates 00:00:12
PREMIER LEAGUE STATS
Romelu Lukaku's goalscoring statistics in the Premier League
Season/club/appearances (substitute)/goals
2011/12 Chelsea: 8(7) - 0
2012/13 West Brom (loan): 35(15) - 17
2013/14 Chelsea: 2(2) - 0
2013/14 Everton (loan): 31(2) - 15
2014/15 Everton: 36(4) - 10
2015/16 Everton: 37(1) - 18
2016/17 Everton: 37(1) - 25
Poland Statement
All people fleeing from Ukraine before the armed conflict are allowed to enter Poland. Our country shelters every person whose life is in danger - regardless of their nationality.
The dominant group of refugees in Poland are citizens of Ukraine, but among the people checked by the Border Guard are also citizens of the USA, Nigeria, India, Georgia and other countries.
All persons admitted to Poland are verified by the Border Guard. In relation to those who are in doubt, e.g. do not have documents, Border Guard officers apply appropriate checking procedures.
No person who has received refuge in Poland will be sent back to a country torn by war.
WHAT IS GRAPHENE?
It was discovered in 2004, when Russian-born Manchester scientists Andrei Geim and Kostya Novoselov were experimenting with sticky tape and graphite, the material used as lead in pencils.
Placing the tape on the graphite and peeling it, they managed to rip off thin flakes of carbon. In the beginning they got flakes consisting of many layers of graphene. But when they repeated the process many times, the flakes got thinner.
By separating the graphite fragments repeatedly, they managed to create flakes that were just one atom thick. Their experiment led to graphene being isolated for the very first time.
In 2010, Geim and Novoselov were awarded the Nobel Prize for Physics.
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
The%20Mother%20
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SPEC SHEET
Display: 6.8" edge quad-HD dynamic Amoled 2X, Infinity-O, 3088 x 1440, 500ppi, HDR10 , 120Hz
Processor: 4nm Snapdragon 8 Gen 1/Exynos 2200, 8-core
Memory: 8/12GB RAM
Storage: 128/256/512GB/1TB
Platform: Android 12
Main camera: quad 12MP ultra-wide f/2.2, 108MP wide f/1.8, 10MP telephoto f/4.9, 10MP telephoto 2.4; Space Zoom up to 100x, auto HDR, expert RAW
Video: 8K@24fps, 4K@60fps, full-HD@60fps, HD@30fps, super slo-mo@960fps
Front camera: 40MP f/2.2
Battery: 5000mAh, fast wireless charging 2.0 Wireless PowerShare
Connectivity: 5G, Wi-Fi, Bluetooth 5.2, NFC
I/O: USB-C
SIM: single nano, or nano and SIM, nano and nano, eSIM/nano and nano
Colours: burgundy, green, phantom black, phantom white, graphite, sky blue, red
Price: Dh4,699 for 128GB, Dh5,099 for 256GB, Dh5,499 for 512GB; 1TB unavailable in the UAE
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