Kamala Harris speaks at event marking 'Bloody Sunday' in Selma


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Vice President Kamala Harris visited Selma, Alabama, on Sunday to commemorate a defining moment in the fight for equal voting rights, even as congressional efforts to restore the 1965 Voting Rights Act have faltered.

Ms Harris linked arms with rank-and-file activists from the civil rights movement and led thousands across the bridge where, on March 7, 1965, white state troopers attacked black voting rights marchers attempting to cross.

The images of violence at Edmund Pettus Bridge — originally named after a Confederate general — shocked the nation and helped galvanise support for passage of the Voting Rights Act.

Ms Harris called the site hallowed ground where people fought for the “most fundamental right of American citizenship: the right to vote".

“Today, we stand on this bridge at a different time,” Ms Harris said in a speech before the gathered crowd.

“We again, however, find ourselves caught in between. Between injustice and justice. Between disappointment and determination. Still in a fight to form a more perfect union. And nowhere is that more clear than when it comes to the ongoing fight to secure the freedom to vote.”

The nation’s first woman vice president — as well as the first African American and Indian American in the role — spoke of marchers whose “peaceful protest was met with crushing violence. They were kneeling when the state troopers charged. They were praying when the billy clubs struck”.

Police beat and tear-gassed the marchers, fracturing the skull of young activist John Lewis, a lion of the civil rights movement who went on to a long and celebrated career as a Georgia congressman.

President Joe Biden on Sunday renewed his call for the passage of voting legislation, saying the ground-breaking 1965 Voting Rights Act “has been weakened not by brute force, but by insidious court decisions”.

The proposed legislation is named after Lewis, who died in 2020, and is part of a broader elections package that collapsed in the US Senate earlier this year.

“In Selma, the blood of John Lewis and so many other courageous Americans sanctified a noble struggle. We are determined to honour that legacy by passing legislation to protect the right to vote and uphold the integrity of our elections,” Mr Biden said in a statement.

Democrats have been unsuccessfully trying to update the law and pass additional measures to make it more convenient for people to vote. A key provision of the law was tossed out by a US Supreme Court decision in 2013.

People march across the Edmund Pettus Bridge with placards bearing the image of the late John Lewis, for whom the most recent voting rights act is named. Getty Images / AFP
People march across the Edmund Pettus Bridge with placards bearing the image of the late John Lewis, for whom the most recent voting rights act is named. Getty Images / AFP

Among those gathered on Sunday were activists from the 1965 march. Ms Harris walked across the bridge beside Charles Mauldin, who was sixth in line behind Lewis on Bloody Sunday and was beaten with a night stick.

Two women who fled the violence said having a black woman as vice president seemed unimaginable 57 years ago.

“That’s why we marched,” said Betty Boynton, daughter-in-law of voting rights activist Amelia Boynton.

“I was at the tail end and all of the sudden I saw these horses. Oh my goodness, and all of the sudden … I saw smoke. I didn’t know what tear gas was. They were beating people,” Ms Boynton said, recalling Bloody Sunday.

But Ms Boynton said the anniversary is tempered by fears of the impact of new voting restrictions being enacted.

“And now they are trying to take our voting rights from us. I wouldn’t think in 2022 we would have to do all over again what we did in 1965,” Ms Boynton said.

Ora Bell Shannon, 90, of Selma, was a young mother during the march and ran from the bridge with her children. Before Bloody Sunday, she and other black citizens stood in line for days at a time trying to register to vote in the then white-controlled city, facing impossible voter tests and long lines.

“They knew you wouldn’t be able to pass the test,” Ms Shannon recalled.

The US Supreme Court in 2013 gutted a portion of the 1965 law that required certain states with a history of discrimination in voting, mainly in the South, to receive US Justice Department approval before changing the way they hold elections.

The supporters of the end of preclearance said the requirement — while necessary in the 1960s — was no longer needed. Voting rights activists have said the end of preclearance is emboldening states to pass a new wave of voting restrictions.

The proposed Freedom to Vote: John R Lewis Act would restore the preclearance requirement and put nationwide standards for how elections operate — such as making Election Day a national holiday and allowing early voting nationwide.

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Namibia v UAE Saturday Sep 16-Tuesday Sep 19

Table 1 Ireland, 89 points; 2 Afghanistan, 81; 3 Netherlands, 52; 4 Papua New Guinea, 40; 5 Hong Kong, 39; 6 Scotland, 37; 7 UAE, 27; 8 Namibia, 27

The major Hashd factions linked to Iran:

Badr Organisation: Seen as the most militarily capable faction in the Hashd. Iraqi Shiite exiles opposed to Saddam Hussein set up the group in Tehran in the early 1980s as the Badr Corps under the supervision of the Iran Revolutionary Guards Corps (IRGC). The militia exalts Iran’s Supreme Leader Ali Khamenei but intermittently cooperated with the US military.

Saraya Al Salam (Peace Brigade): Comprised of former members of the officially defunct Mahdi Army, a militia that was commanded by Iraqi cleric Moqtada Al Sadr and fought US and Iraqi government and other forces between 2004 and 2008. As part of a political overhaul aimed as casting Mr Al Sadr as a more nationalist and less sectarian figure, the cleric formed Saraya Al Salam in 2014. The group’s relations with Iran has been volatile.

Kataeb Hezbollah: The group, which is fighting on behalf of the Bashar Al Assad government in Syria, traces its origins to attacks on US forces in Iraq in 2004 and adopts a tough stance against Washington, calling the United States “the enemy of humanity”.

Asaeb Ahl Al Haq: An offshoot of the Mahdi Army active in Syria. Asaeb Ahl Al Haq’s leader Qais al Khazali was a student of Mr Al Moqtada’s late father Mohammed Sadeq Al Sadr, a prominent Shiite cleric who was killed during Saddam Hussein’s rule.

Harakat Hezbollah Al Nujaba: Formed in 2013 to fight alongside Mr Al Assad’s loyalists in Syria before joining the Hashd. The group is seen as among the most ideological and sectarian-driven Hashd militias in Syria and is the major recruiter of foreign fighters to Syria.

Saraya Al Khorasani:  The ICRG formed Saraya Al Khorasani in the mid-1990s and the group is seen as the most ideologically attached to Iran among Tehran’s satellites in Iraq.

(Source: The Wilson Centre, the International Centre for the Study of Radicalisation)

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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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Updated: March 08, 2022, 3:53 AM