The death of Ruth Bader Ginsburg sounded a warning for American progressives, thousands of whom – wracked with ever-deepening concern for the future – gathered on Saturday outside the Supreme Court in Washington to honour the late justice.
As evening fell with a sudden September chill, a stream of families and young people gathered for a second night – only 45 days before the US presidential election is held – to pay homage to a renowned progressive figure, affectionately referred to as RBG.
"Ruth, I didn't know you, but you affected my life in many ways," says one of many letters placed at the foot of the court building, among flowers, rainbow flags and Ginsburg bobblehead figurines.
A choir performed a concert, singing songs such as John Lennon's Imagine, as mourners lit candles and organisations representing liberal causes such as Black Lives Matter, gun reform and pro-choice groups handed out shirts, signs and stickers.
"This marks a seismic shift in the course for justice for our generation and will have a permanent effect on the history of what Generation Z does," gun reform activist David Hogg, who survived the Marjory Stoneman Douglas High School shooting in 2018, told AFP.
Earlier, Democratic vice presidential candidate Kamala Harris wended her way discreetly to the front of the crowd.
"RBG was one of my pioneers, an icon, a fighter. She was a woman in every way," she told AFP.
Ginsburg made her name in the 1970s by bringing down a series of laws that discriminated against women.
Nominated to the country's highest court in 1993, she spent her 27-year tenure there defending the rights of immigrants, among other groups, establishing herself unequivocally as a champion of the American left.
Ms Harris's running mate and US President Donald Trump's opponent, Joe Biden, is struggling to drum up great enthusiasm among progressive voters, owing to his centrist views and age. He is 77.
But Ginsburg's death, in a country already on edge, could well galvanise them to his side.
Elizabeth Warren, a senator for Massachusetts, addressed mourners from a podium and said: "This fight has just begun."
The challenge will be to prevent the doyenne of the Supreme Court from being replaced with her ideological opposite, since Mr Trump has preselected very conservative candidates.
"Thank you for teaching us how to fight," Gina Eppolito wrote in chalk on the pavement outside the imposing white marble building in the US capital, a city known for its progressivism.
A mother of two 11-year-olds, Ms Eppolito said she was concerned that rights acquired during her generation – particularly the right to abortion – might not be passed on to her children.
With Ginsburg's death at the age of 87, the US Supreme Court could become conservative for a long time.
That sparked fears among those who gathered outside the court.
"We are in an extremely vulnerable position," Ms Eppolito said.
Pam Crescenzo, 60, could not hold back tears as she spoke.
"If the courts continue to tilt to the right, it's really going to be a difficult time to be a woman in America," she said.
To her right, a group of people read out a Hebrew prayer. Ginsburg was born to a Jewish family in New York and died on the eve of Rosh Hashanah, one of the most holy days in Judaism.
In a sign of the deep divisions in the US, a man wearing a black suit came to the court to praise Mr Trump. He was roundly booed by the crowd.
Many of the young people there also wanted to thank Ginsburg and to promise they would take up her fight.
"We have a lot of work to do and a lot of fighting to do in the next 45 days," said Kiley Boland, 25.
"It's on us now. She can rest. We got this."
MATCH INFO
Who: UAE v USA
What: first T20 international
When: Friday, 2pm
Where: ICC Academy in Dubai
Bharatanatyam
A ancient classical dance from the southern Indian state of Tamil Nadu. Intricate footwork and expressions are used to denote spiritual stories and ideas.
Five%20calorie-packed%20Ramadan%20drinks
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How much do leading UAE’s UK curriculum schools charge for Year 6?
- Nord Anglia International School (Dubai) – Dh85,032
- Kings School Al Barsha (Dubai) – Dh71,905
- Brighton College Abu Dhabi - Dh68,560
- Jumeirah English Speaking School (Dubai) – Dh59,728
- Gems Wellington International School – Dubai Branch – Dh58,488
- The British School Al Khubairat (Abu Dhabi) - Dh54,170
- Dubai English Speaking School – Dh51,269
*Annual tuition fees covering the 2024/2025 academic year
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.”
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