Trump asks Americans to ‘stay true to our cause’ on Independence Day


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President Donald Trump celebrated “the greatest political journey in human history” on Thursday in a July 4 commemoration before a soggy, cheering crowd of spectators, many of them invited, on the grounds of the Lincoln Memorial.

Supporters welcomed his tribute to the US military while protesters attacked him for taking centre stage on a holiday devoted to unity.

Mr Trump called on Americans to “stay true to our cause” in a “Salute to America” programme that adhered to patriotic themes and hailed an eclectic mix of history’s heroes, from the armed forces, space, civil rights and other aspects of American life.

He largely stuck to his script, avoiding diversions into his agenda or re-election campaign.

A late afternoon downpour drenched the capital’s Independence Day crowds and pointed to an evening of possible on-and-off storms.

But Mr Trump’s speech unfolded in occasional rain and the warplanes he had summoned conducted flyovers as planned.

By adding his own, one-hour production to capital festivities that typically draw hundreds of thousands anyway, he became the first president in nearly seven decades to address a crowd at the National Mall on Independence Day.

Protesters objecting to what they saw as his taking over the holiday launched an inflatable Donald Trump as an angry, nappy-clad baby.

Aides to the crowd-obsessed president fretted about the prospect of empty seats at his event.

They scrambled in recent days to distribute tickets and mobilise the Trump and Republican Party social media accounts to encourage participation for an event hastily arranged and surrounded with confusion.

Many who filed into the sprawling VIP section said they got their free tickets from members of Congress or from friends or neighbours who could not use theirs.

Outside that zone, a diverse mix of visitors, locals, veterans, tour groups, immigrant families and others milled about, some drawn by Mr Trump, some by curiosity, some by the holiday’s regular activities along the Mall.

Protesters earlier made their voices heard in sweltering heat by the Washington Monument, along the traditional parade route and elsewhere, while the VIP section at the reflecting pool served as a buffer for Mr Trump’s event.

“We think that he is making this about himself and it’s really a campaign rally,” said Medea Benjamin, co-director on anti-war organisation Codepink, who brought the Trump inflatable.

“We think that he’s a big baby. He’s erratic, he’s prone to tantrums, he doesn’t understand the consequences of his actions. And so this is a great symbol of how we feel about our president.”

The balloon remained tied down at the Mall because park officials restricted the group’s permission to move it or fill it with helium, Ms Benjamin said.

Protesters also handed out small Trump-baby balloons on sticks. Molly King, 13, of La Porte in Indiana, was a Trump supporter in a “Make America Great Again” hat but happily came away with a balloon.

“They’re making a big stink about it but it’s actually pretty cute,” she said. “I mean, why not love your president as you’d love a baby?”

A small crowd gathered to take pictures with the big balloon, which drew Trump supporters and detractors.

“Even though everybody has different opinions, everybody's getting along,” said Kevin Malton, a Trump supporter from Middlesboro, Kentucky.

But Daniela Guray, 19, from Chicago, held a “Dump Trump” sign and said she was subjected to a racial insult while walking along the Constitution Avenue parade route.

Ms Guray said she was told to go home.

She said she did not come to the Mall to protest but ended up doing so.

“I started seeing all the tanks with all the protests and that’s when I said, ‘Wait, this is not an actual Fourth of July',” she said. “Trump is making it his day rather than the Fourth of July.”

Weather permitting, Mr Trump planned flyovers by warplanes, aircraft in the presidential Air Force One and Marine One fleet and the Navy Blue Angels aerobatics team. A larger than usual fireworks display was assembled.

Mr Trump was defensive on Wednesday when talking about the event, tweeting that the cost “will be very little compared to what it is worth".

A child waves flags as people take photos while US President Donald Trump and first lady Melania Trump arrive for the "Salute to America" event during Fourth of July Independence Day celebrations at the Lincoln Memorial in Washington. REUTERS/Carlos Barria
A child waves flags as people take photos while US President Donald Trump and first lady Melania Trump arrive for the "Salute to America" event during Fourth of July Independence Day celebrations at the Lincoln Memorial in Washington. REUTERS/Carlos Barria

“We own the planes, we have the pilots, the airport is right next door," he said. "All we need is the fuel.

“We own the tanks and all. Fireworks are donated by two of the greats.”

Mr Trump glossed over the expense of shipping tanks and other military vehicles to Washington by rail and guarding them for several days, and other costs.

Not since 1951, when president Harry Truman spoke before a large gathering on the Washington Monument grounds to mark the 175th anniversary of the signing of the Declaration of Independence, has a US leader made an Independence Day speech on the Mall.

“this business of diverting money and military assets to use them as a kind of prop, to prop up a presidential ego, is not reflecting well on our country,” said Pete Buttigieg, one of the Democrats running for the presidency.

Mr Buttigieg, the Mayor of South Bend, Indiana, is a Navy Reserve veteran who served in Afghanistan in 2014.

The National Parks Conservation Foundation and Democracy Forward called on the Interior Department’s watchdog to investigate what they said might be an “unlawful decision to divert” national parks money to the spectacle.

Mr Trump and the event’s organisers may have to reimburse the government millions of dollars if he went into campaign mode, in breach of federal appropriations law and the Hatch Act that bars politicking on government time, Walter Shaub said.

Mr Shaub left the Office of Government Ethics in 2017 after clashing with the White House over ethics and disclosure issues.

Washington has held an Independence Day celebration for decades, with a parade along Constitution Avenue, a concert on the Capitol lawn by the National Symphony Orchestra, and fireworks starting at dusk near the Washington Monument.

Mr Trump altered the lineup by adding his speech, moving the fireworks closer to the Lincoln Memorial and summoning the tanks and warplanes.

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Sand storm

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Dust storm

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  • Duration: Can linger for days
  • Travel distance: Long-range, up to thousands of kilometres
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Alibaba’s new ‘Tech Town’  in Dubai is worth... $600m

China’s investment in the MIddle East in 2016 was... $29.5bn

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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.”

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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

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Ways to control drones

Countries have been coming up with ways to restrict and monitor the use of non-commercial drones to keep them from trespassing on controlled areas such as airports.

"Drones vary in size and some can be as big as a small city car - so imagine the impact of one hitting an airplane. It's a huge risk, especially when commercial airliners are not designed to make or take sudden evasive manoeuvres like drones can" says Saj Ahmed, chief analyst at London-based StrategicAero Research.

New measures have now been taken to monitor drone activity, Geo-fencing technology is one.

It's a method designed to prevent drones from drifting into banned areas. The technology uses GPS location signals to stop its machines flying close to airports and other restricted zones.

The European commission has recently announced a blueprint to make drone use in low-level airspace safe, secure and environmentally friendly. This process is called “U-Space” – it covers altitudes of up to 150 metres. It is also noteworthy that that UK Civil Aviation Authority recommends drones to be flown at no higher than 400ft. “U-Space” technology will be governed by a system similar to air traffic control management, which will be automated using tools like geo-fencing.

The UAE has drawn serious measures to ensure users register their devices under strict new laws. Authorities have urged that users must obtain approval in advance before flying the drones, non registered drone use in Dubai will result in a fine of up to twenty thousand dirhams under a new resolution approved by Sheikh Hamdan bin Mohammed, Crown Prince of Dubai.

Mr Ahmad suggest that "Hefty fines running into hundreds of thousands of dollars need to compensate for the cost of airport disruption and flight diversions to lengthy jail spells, confiscation of travel rights and use of drones for a lengthy period" must be enforced in order to reduce airport intrusion.

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