Republican convention warns of grim future under Joe Biden


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Republicans made the case for President Donald Trump to be re-elected in November in the Republican National Convention on Monday night.

The party made pointed attacks against Democratic presidential candidate Joe Biden, warning of a grim future under his leadership.

Unlike the Democratic Party's convention, which was held entirely online because of the coronavirus pandemic, the Republicans opted for a mix of video remarks and actual events.

On Monday, 336 Republican delegates met in Charlotte, North Carolina, where they officially nominated Mr Trump to serve on the ballot in November. The delegates attending the event, many unmasked, were tested for coronavirus before arriving at the convention centre.

“The only way they can take this election away from us is if this is a rigged election,” Mr Trump told the hundreds of delegates, repeating an unsupported claim that the Democrats are involved in a "post office scam". Mr Trump has admitted to withholding funding for the US Postal Service during a time when many Americans are hoping to vote by mail in order to avoid crowded polling stations.

At the weekend, the Democratic-led House of Representatives approved legislation that would reverse recent changes in postal operations and send $25 billion (Dh91 billion) to shore up the agency before the November election, but the White House has said Mr Trump would veto it.

The Republican Party kicked off their convention with a video praising Mr Trump for his handling of the pandemic, after Democrats spent much of their convention attacking his administration for an inadequate response. Medical professionals and small-business owners credited Mr Trump with saving lives and livelihoods.

During a prerecorded appearance at the White House, where Mr Trump spoke with several essential workers including some frontline health workers, none of the participants wore masks, which has become a partisan flashpoint despite clear recommendations from epidemiologists that masks can slow the disease's spread.

Mr Trump later appeared with six former American hostages that had been freed during his administration, as he touted his negotiation skills.

US Navy veteran Michael White, who was sentenced to ten years in an Iranian prison, used the segment to take aim at Iran's "injustice system," calling it an "oppressive, extortionist, terrorist regime."

Critics of the president pointed out that negotiations to bring home American Mustafa Kassem failed.

Before he was elected president, Mr Trump had attacked deceased senator John McCain's well-recognised record as a "war hero."

“He’s not a war hero,” said Mr Trump in 2015. “He was a war hero because he was captured. I like people who weren’t captured.”

Former US ambassador to the UN, Nikki Haley, began her address by attacking the international organisation as a "place where dictators, murderers and thieves denounce America and then put their hands out and demand that we pay their bills."

She used her speech to blast Mr Biden while applauding Mr Trump's sanctions on Iran, and his decision to move the US embassy to Jerusalem.

Mr Biden said he would leave the US embassy in Jerusalem if re-elected.

Ms Haley flatly blamed China for the coronavirus pandemic that has devastated the US economy.

Addressing the national protests against racism that were sparked by the death of George Floyd, she said "America is not a racist country."

Donald Trump Jr speaks during the first day of the Republican convention. AFP
Donald Trump Jr speaks during the first day of the Republican convention. AFP

The president's eldest son Donald Trump Jr ridiculed the Democratic presidential nominee with name-calling in a fiery speech.

“In the past, both parties believed in the goodness of America,” the younger Trump said. “This time, the other party is attacking the very principles on which our nation was founded,” citing freedom of thought, speech, religion and the rule of law.

Mocking Mr Biden’s past meetings with Chinese leaders as vice president, he called the Democrat “Beijing Biden” and poked at his decades in the Senate and previously unsuccessful presidential bids by calling him “The Loch Ness Monster of the swamp.”

The younger Trump echoed Ms Haley's remarks on racism, calling the protests for racial justice lawless, violent mobs intent on toppling long-honuored past leaders.

Pushing an emerging theme of the Republican campaign, he said, “It’s almost like this election is shaping up to be church, work and school versus rioting, looting and vandalism.”

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The burning issue

The internal combustion engine is facing a watershed moment – major manufacturer Volvo is to stop producing petroleum-powered vehicles by 2021 and countries in Europe, including the UK, have vowed to ban their sale before 2040. The National takes a look at the story of one of the most successful technologies of the last 100 years and how it has impacted life in the UAE. 

Read part four: an affection for classic cars lives on

Read part three: the age of the electric vehicle begins

Read part two: how climate change drove the race for an alternative 

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Some of Darwish's last words

"They see their tomorrows slipping out of their reach. And though it seems to them that everything outside this reality is heaven, yet they do not want to go to that heaven. They stay, because they are afflicted with hope." - Mahmoud Darwish, to attendees of the Palestine Festival of Literature, 2008

His life in brief: Born in a village near Galilee, he lived in exile for most of his life and started writing poetry after high school. He was arrested several times by Israel for what were deemed to be inciteful poems. Most of his work focused on the love and yearning for his homeland, and he was regarded the Palestinian poet of resistance. Over the course of his life, he published more than 30 poetry collections and books of prose, with his work translated into more than 20 languages. Many of his poems were set to music by Arab composers, most significantly Marcel Khalife. Darwish died on August 9, 2008 after undergoing heart surgery in the United States. He was later buried in Ramallah where a shrine was erected in his honour.

 

Company: Instabug

Founded: 2013

Based: Egypt, Cairo

Sector: IT

Employees: 100

Stage: Series A

Investors: Flat6Labs, Accel, Y Combinator and angel investors

Indoor cricket World Cup:
Insportz, Dubai, September 16-23

UAE fixtures:
Men

Saturday, September 16 – 1.45pm, v New Zealand
Sunday, September 17 – 10.30am, v Australia; 3.45pm, v South Africa
Monday, September 18 – 2pm, v England; 7.15pm, v India
Tuesday, September 19 – 12.15pm, v Singapore; 5.30pm, v Sri Lanka
Thursday, September 21 – 2pm v Malaysia
Friday, September 22 – 3.30pm, semi-final
Saturday, September 23 – 3pm, grand final

Women
Saturday, September 16 – 5.15pm, v Australia
Sunday, September 17 – 2pm, v South Africa; 7.15pm, v New Zealand
Monday, September 18 – 5.30pm, v England
Tuesday, September 19 – 10.30am, v New Zealand; 3.45pm, v South Africa
Thursday, September 21 – 12.15pm, v Australia
Friday, September 22 – 1.30pm, semi-final
Saturday, September 23 – 1pm, grand final

Roll of honour 2019-2020

Dubai Rugby Sevens

Winners: Dubai Hurricanes

Runners up: Bahrain

 

West Asia Premiership

Winners: Bahrain

Runners up: UAE Premiership

 

UAE Premiership

Winners: Dubai Exiles

Runners up: Dubai Hurricanes

 

UAE Division One

Winners: Abu Dhabi Saracens

Runners up: Dubai Hurricanes II

 

UAE Division Two

Winners: Barrelhouse

Runners up: RAK Rugby

Need to know

Unlike other mobile wallets and payment apps, a unique feature of eWallet is that there is no need to have a bank account, credit or debit card to do digital payments.

Customers only need a valid Emirates ID and a working UAE mobile number to register for eWallet account.

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 BIO

Favourite holiday destination: Whenever I have any free time I always go back to see my family in Caltra, Galway, it’s the only place I can properly relax.

Favourite film: The Way, starring Martin Sheen. It’s about the Camino de Santiago walk from France to Spain.

Personal motto: If something’s meant for you it won’t pass you by.

Last-16 Europa League fixtures

Wednesday (Kick-offs UAE)

FC Copenhagen (0) v Istanbul Basaksehir (1) 8.55pm

Shakhtar Donetsk (2) v Wolfsburg (1) 8.55pm

Inter Milan v Getafe (one leg only) 11pm

Manchester United (5) v LASK (0) 11pm 

Thursday

Bayer Leverkusen (3) v Rangers (1) 8.55pm

Sevilla v Roma  (one leg only)  8.55pm

FC Basel (3) v Eintracht Frankfurt (0) 11pm 

Wolves (1) Olympiakos (1) 11pm 

OPENING FIXTURES

Saturday September 12

Crystal Palace v Southampton

Fulham v Arsenal

Liverpool v Leeds United

Tottenham v Everton

West Brom v Leicester

West Ham  v Newcastle

Monday  September 14

Brighton v Chelsea

Sheffield United v Wolves

To be rescheduled

Burnley v Manchester United

Manchester City v Aston Villa

While you're here