For many of the roughly 40,000 Armenian Americans living in Pennsylvania, the Senate race between Democratic candidate John Fetterman and Republican Mehmet Oz is personal and has become focused on a genocide that occurred during the First World War.
Oz, a retired heart surgeon and popular TV personality, is hoping to become the first Muslim senator in US history and keep a critical Senate seat under Republican control in the November 8 midterms.
But it is his ties to Turkey and his refusal to label the systematic killings of Armenians by the Ottoman Empire as genocide that have infuriated many living in the Keystone State.
In Huntingdon Valley, a suburb to the north-west of Philadelphia, Armenian community members and allies gathered outside the registered headquarters of the Oz campaign to protest against his silence on the issue.
The crowd of young and old, Democrats and Republicans are campaigning for Oz's defeat on November 8 — even as he has surged from being 10 points to only two points behind his opponent.
Lorig Baronian, a descendant of genocide survivors, saw Oz’s Senate bid as an affront to her community.
“We refuse to allow a candidate to drag the US Senate back into the days of denial … [back to] the sad era before the US Senate voted 100 to zero to recognise this crime and reject its denial,” Ms Baronian told the crowd.
In 2019, the Senate voted unanimously to recognise the atrocities that killed about 1.5 million Armenians as genocide. And two years later, Joe Biden became the first sitting US president to describe the atrocities as genocide.
Mr Biden's declaration angered Turkey, whose foreign minister called it “the greatest betrayal to peace and justice”.
As many as 1.5 million Armenians are estimated to have been killed from 1915 to 1917 in the waning days of the Ottoman Empire, which suspected the Christian minority of conspiring with Russia during Oz, 62, is a former cardiothoracic surgeon but since retiring has courted controversy by promoting non-proven remedies.
He is a dual US and Turkish citizen who served in the Turkish military, and his campaign has referred to the events of 1915 as the “evils of World War One [that] should be commemorated”.
But neither the campaign nor the candidate has used the word genocide, something that Ms Baronian finds identical with the Turkish playbook.
“Oz's refusal to recognise this known case of genocide mirrors to the hateful campaign — led by Ankara — to cover up this crime, abandon its victims, and consolidate its fruits,” she said.
The Oz campaign did not respond to a request for comment.
More than 30 countries have recognised the atrocities as genocide, including France, Germany, Argentina and Canada.
Turkey has long rejected the designation and has accused the Armenian community of “infusing history with myth”.
Karine Shamlian, a Pennsylvania voter and a volunteer with the Armenian National Committee of America (Anca), told The National that her objection to Oz’s candidacy has nothing to do with his Turkish roots.
“There are many Turkish people who recognise the Armenian genocide … So it has nothing to do with him being Turkish,” said Ms Shamlian, whose grandparents were genocide survivors that moved to the US. “It is about standing up for justice and truth in history.
“As a public servant that would be representing Pennsylvania, we want to make sure that our voices and our concerns are represented fairly in the United States Senate.”
Ms Shamlian said members of the community and Anca had tried to reach out to the Oz campaign but their messages went unanswered.
On the campaign trail, Oz has mostly avoided discussing his Turkish heritage but has said that he would renounce his Turkish citizenship if he wins the race.
But Joseph Frounjian, an Armenian-American resident of Pennsylvania who normally votes Republican, said Oz renouncing his citizenship is not enough.
“He voted in the Turkish elections [in 2018]. He participated in the Turkish military. So for me, it's a question of where does his allegiance lie? Is it with the United States? Or is it with Turkey?,” Mr Frounjian told The National.
An advertisement by Anca and the Hellenic American Leadership Council took aim at those ties, accusing the candidate of receiving millions of dollars from Turkish businesses and cosying up to the country’s leader, Recep Tayyip Erdogan.
Oz, who was born in Ohio to Turkish parents, called the attacks “bigoted” and likened them to “slurs made in the past about Catholics and Jews”.
His rival, Mr Fetterman, has not made Oz's Turkish links a part of his attack line but has come out strongly in recognising the Armenian genocide.
“As a Pennsylvanian, I welcomed the long overdue US government recognition of the Armenian genocide — by the US House and Senate in 2019 and by President Biden in 2021 — and will, as a US senator, support promoting public education about this atrocity,” Mr Fetterman said in a statement.
With polls narrowing in the race, it is the suburbs of Pennsylvania, such as Huntingdon Valley, that could decide the outcome and possibly the control of the Senate.
Some members of the community have reservations about Mr Fetterman's economic and social policies, but for them, the race has been solely defined by keeping Oz away from Washington.
TECH%20SPECS%3A%20APPLE%20WATCH%20SERIES%208
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OPINIONS ON PALESTINE & ISRAEL
Another way to earn air miles
In addition to the Emirates and Etihad programmes, there is the Air Miles Middle East card, which offers members the ability to choose any airline, has no black-out dates and no restrictions on seat availability. Air Miles is linked up to HSBC credit cards and can also be earned through retail partners such as Spinneys, Sharaf DG and The Toy Store.
An Emirates Dubai-London round-trip ticket costs 180,000 miles on the Air Miles website. But customers earn these ‘miles’ at a much faster rate than airline miles. Adidas offers two air miles per Dh1 spent. Air Miles has partnerships with websites as well, so booking.com and agoda.com offer three miles per Dh1 spent.
“If you use your HSBC credit card when shopping at our partners, you are able to earn Air Miles twice which will mean you can get that flight reward faster and for less spend,” says Paul Lacey, the managing director for Europe, Middle East and India for Aimia, which owns and operates Air Miles Middle East.
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.”
WISH
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The%20specs
%3Cp%3E%3Cstrong%3EEngine%3A%3C%2Fstrong%3E%20Twin%20electric%20motors%20and%20105kWh%20battery%20pack%0D%3Cbr%3E%3Cstrong%3EPower%3A%20%3C%2Fstrong%3E619hp%0D%3Cbr%3E%3Cstrong%3ETorque%3A%20%3C%2Fstrong%3E1%2C015Nm%0D%3Cbr%3E%3Cstrong%3ETransmission%3A%20%3C%2Fstrong%3ESingle-speed%20auto%0D%3Cbr%3E%3Cstrong%3ETouring%20range%3A%20%3C%2Fstrong%3EUp%20to%20561km%0D%3Cbr%3E%3Cstrong%3EOn%20sale%3A%20%3C%2Fstrong%3EQ3%20or%20Q4%202022%0D%3Cbr%3E%3Cstrong%3EPrice%3A%20%3C%2Fstrong%3EFrom%20Dh635%2C000%3C%2Fp%3E%0A
The specs: 2018 Genesis G70
Price, base / as tested: Dh155,000 / Dh205,000
Engine: 3.3-litre, turbocharged V6
Gearbox: Eight-speed automatic
Power: 370hp @ 6,000rpm
Torque: 510Nm @ 1,300rpm
Fuel economy, combined: 10.6L / 100km
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