Republicans stumble into another race controversy



WASHINGTON // As the Young Republican National Federation prepares to elect a new chairman tomorrow during its annual convention, it does so facing something that has become familiar to the political party of late: controversy. One of two candidates running for the job, Audra Shay, the federation's current vice chair, has found herself under fire after responding with seeming encouragement to a recent post on her Facebook page that referred to Barack Obama as a terrorist and included a racial slur about African-Americans. The matter began when Ms Shay posted a Facebook status update saying that the hypermarket chain Wal-Mart had "just signed a death warrant in my opinion" because it backed the US president's healthcare plan, according to screen shots of her page published by various media outlets. That prompted a flurry of replies, including two from a Facebook "friend" named Eric. The first railed against big, intrusive government, saying it was "making us commies". The second referred to "Obama bin Laden" as a "terrorist" and a "Muslim" and said "[we] need to take this country back from all these mad coons". "You tell em Eric! lol," Ms Shay subsequently wrote, using the abbreviation for "laughing out loud". She maintains she was responding to the first comment, not the second, which she has since condemned as "derogatory" and "disgusting". And she blames dirty politics in the race for the Young Republican chairmanship, which is to be decided by a vote tomorrow at the group's convention in Indiana. "I do not, [nor] would I ever, condone that type of language or behaviour," Ms Shay said in a statement. "Unfortunately, my opponents have now spun a web of misconception and untruths, desperately trying to paint me as a racist. Nothing could be farther from the truth. In fact, I have made it part of my Young Republican life to ensure that we did not just focus on outreach, but inclusion. "It is a disgrace that these types of political attacks are taking place and once again, it proves that my opponents will stoop to the lowest levels to steal this election from the jaws of victory." Ms Shay did not respond to an e-mail requesting comment. Her opponent in the race, Rachel Hoff, a national committee member for the Young Republicans in the District of Columbia, also did not respond to a request for comment. The matter puts the Republican Party on the spot once again on the matter of race, even as it tries to court minorities and bill itself as inclusive. The current episode is reminiscent of an earlier controversy involving one of the candidates for the national Republican Party chairmanship, Chip Saltsman. He included on a campaign CD a copy of the song Barack the Magic Negro, sung to the melody of Puff the Magic Dragon. The then-chairman of the Republican National Committee, Mike Duncan, who is white, said at the time he was "shocked" and "appalled". But Mr Saltsman, who ultimately lost the January vote for chairman, was defended by a fellow contender, Kenneth Blackwell, who is black. Mr Blackwell attributed the flap over the CD to "hypersensitivity" in the press. There have been other incidents. Last year, conference organisers at the Values Voter Summit shut down the sale of "Obama Waffles" in a box that depicted him in a cartoon caricature with thick lips and bugged-out eyes. A member of the state Republican committee in Florida also resigned in January after sending an e-mail to colleagues reported to have said of Mr Obama's inauguration: "I'm confused. How can 2,000,000 blacks get into Washington, DC in 1 day in sub zero temps when 200,000 couldn't get out of New Orleans in 85 degree temps with four days notice?" She was referring to the many people stranded there, in desperate conditions, following Hurricane Katrina. In a forced apology, she bemoaned the fact that some people seemed to have lost their sense of humour. Lenny McAllister, a black conservative who co-founded the website Hip Hop Republican and is a member of the North Carolina GOP's executive committee, said in a statement about the current controversy that he was "appalled" that Ms Shay "could support and encourage antiquated, racist language and behaviour that has aided in ripping apart the Republican Party and America for decades". "Audra Shay had an opportunity to show what Republicans truly stand for when facing a disgusting and hurtful sentiment," he said. "Instead, she merely continued the poor trend of what a minority of Republicans embarrassingly enact. This is not the mark of leadership." eniedowski@thenational.ae

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Lexus LX700h specs

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Schedule
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COMPANY%20PROFILE
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ON%20TRACK
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Skewed figures

In the village of Mevagissey in southwest England the housing stock has doubled in the last century while the number of residents is half the historic high. The village's Neighbourhood Development Plan states that 26% of homes are holiday retreats. Prices are high, averaging around £300,000, £50,000 more than the Cornish average of £250,000. The local average wage is £15,458. 

The smuggler

Eldarir had arrived at JFK in January 2020 with three suitcases, containing goods he valued at $300, when he was directed to a search area.
Officers found 41 gold artefacts among the bags, including amulets from a funerary set which prepared the deceased for the afterlife.
Also found was a cartouche of a Ptolemaic king on a relief that was originally part of a royal building or temple. 
The largest single group of items found in Eldarir’s cases were 400 shabtis, or figurines.

Khouli conviction

Khouli smuggled items into the US by making false declarations to customs about the country of origin and value of the items.
According to Immigration and Customs Enforcement, he provided “false provenances which stated that [two] Egyptian antiquities were part of a collection assembled by Khouli's father in Israel in the 1960s” when in fact “Khouli acquired the Egyptian antiquities from other dealers”.
He was sentenced to one year of probation, six months of home confinement and 200 hours of community service in 2012 after admitting buying and smuggling Egyptian antiquities, including coffins, funerary boats and limestone figures.

For sale

A number of other items said to come from the collection of Ezeldeen Taha Eldarir are currently or recently for sale.
Their provenance is described in near identical terms as the British Museum shabti: bought from Salahaddin Sirmali, "authenticated and appraised" by Hossen Rashed, then imported to the US in 1948.

- An Egyptian Mummy mask dating from 700BC-30BC, is on offer for £11,807 ($15,275) online by a seller in Mexico

- A coffin lid dating back to 664BC-332BC was offered for sale by a Colorado-based art dealer, with a starting price of $65,000

- A shabti that was on sale through a Chicago-based coin dealer, dating from 1567BC-1085BC, is up for $1,950

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Crystal Palace - Frank de Boer

Everton - Ronald Koeman

Manchester City - Pep Guardiola

Manchester United - Jose Mourinho

Southampton - Mauricio Pellegrino

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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.”