LAS VEGAS // US Republican presidential front-runner Mitt Romney cruised to victory in the Nevada caucuses, notching a second straight triumph over a field of rivals suddenly struggling to keep pace.
The Saturday caucuses drew little attention in the nominating campaign, but Nevada figures to be a fierce battleground in November between the winner of the Republican nomination and Barack Obama, the Democrat president. The state's unemployment rate was measured at 12.6 per cent in December, the worst in the US.
Mr Romney unleashed a sharp attack on Obama, whose economic policies he said have "made these tough times last longer".
"President Obama seems to believe America's role as leader in the world is a thing of the past. I believe the 21st century will be and must be an American century," Mr Romney, the former Massachusetts governor, said to cheers from his backers.
Newt Gingrich, the former House of Representatives speaker, and Ron Paul, the Texas Representative, vied for a distant second. Rick Santorum, the former Pennsylvania Senator, trailed the field. Returns from 14 of 17 counties showed Mr Romney with 42 per cent support, Mr Gingrich with 25 per cent, Mr Paul with 20 per cent and Mr Santorum with 13 per cent.
Mr Romney's victory capped a week that began with his double-digit win in the Florida primary. That contest was as intense as Nevada's caucuses were sedate - so quiet that they produced little television advertising, no candidate debates and only a modest investment of time by the contenders.
Preliminary results of a poll of Nevada Republicans entering their caucuses showed that nearly half said the most important consideration in their decision was a candidate's ability to defeat Mr Obama this fall, a finding in line with other states.
The entrance poll was conducted by Edison Research for The Associated Press at 25 randomly selected caucus sites. It included 1,553 interviews and had a margin of sampling error of plus or minus 4 percentage points.
A total of 28 delegates were at stake in the state-by-state race to lock up the 1,144 needed to secure the Republican nomination.
From Nevada, the calendar turns to caucuses in Minnesota and Colorado and a non-binding primary in Missouri on Tuesday.
COMPANY%20PROFILE
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The specs
Engine: 2.0-litre 4-cyl
Power: 153hp at 6,000rpm
Torque: 200Nm at 4,000rpm
Transmission: 6-speed auto
Price: Dh99,000
On sale: now
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Why it pays to compare
A comparison of sending Dh20,000 from the UAE using two different routes at the same time - the first direct from a UAE bank to a bank in Germany, and the second from the same UAE bank via an online platform to Germany - found key differences in cost and speed. The transfers were both initiated on January 30.
Route 1: bank transfer
The UAE bank charged Dh152.25 for the Dh20,000 transfer. On top of that, their exchange rate margin added a difference of around Dh415, compared with the mid-market rate.
Total cost: Dh567.25 - around 2.9 per cent of the total amount
Total received: €4,670.30
Route 2: online platform
The UAE bank’s charge for sending Dh20,000 to a UK dirham-denominated account was Dh2.10. The exchange rate margin cost was Dh60, plus a Dh12 fee.
Total cost: Dh74.10, around 0.4 per cent of the transaction
Total received: €4,756
The UAE bank transfer was far quicker – around two to three working days, while the online platform took around four to five days, but was considerably cheaper. In the online platform transfer, the funds were also exposed to currency risk during the period it took for them to arrive.
UAE currency: the story behind the money in your pockets
COMPANY PROFILE
Founders: Alhaan Ahmed, Alyina Ahmed and Maximo Tettamanzi
Total funding: Self funded
The specs
Engine: 1.5-litre turbo
Power: 181hp
Torque: 230Nm
Transmission: 6-speed automatic
Starting price: Dh79,000
On sale: Now
COMPANY PROFILE
Initial investment: Undisclosed
Investment stage: Series A
Investors: Core42
Current number of staff: 47
Our family matters legal consultant
Name: Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants.
Globalization and its Discontents Revisited
Joseph E. Stiglitz
W. W. Norton & Company