President Joe Biden's Democratic Party is in danger of losing both houses of Congress in the midterm elections. AP
President Joe Biden's Democratic Party is in danger of losing both houses of Congress in the midterm elections. AP
President Joe Biden's Democratic Party is in danger of losing both houses of Congress in the midterm elections. AP
President Joe Biden's Democratic Party is in danger of losing both houses of Congress in the midterm elections. AP

What Americans are thinking heading into 2022 midterm elections


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US voters will head to the polls in this week's midterm elections after a year that saw a proliferation of gun violence, the emergence of Europe's largest war in decades, a historic inflation battle and the overturning of Roe v Wade.

These issues will be on many voters' minds when they elect who will represent them — not just in the US Congress, but also in governorships and statewide offices across the country.

Democratic and Republican candidates have spent months fine-tuning their messaging, all in the hope of remaining in power or knocking off their incumbent opponent.

Here are a few issues driving Americans to the polls in the 2022 US midterm elections in record numbers:

Follow the money

Inflation, now at 8.2 per cent, is taking a toll on Americans' household budgets. Consequently, many US voters this year will be voting with their finances in mind.

The economy ranks as “extremely important” among 49 per cent of all US voters, data from Gallup shows, its highest tally for a midterm election cycle in all but one year since 2002.

President Joe Biden has tried to quell inflationary fears by tapping into the Strategic Petroleum Reserve, passing the Inflation Reduction Act and touting US hiring numbers. But only 31 per cent of Americans approve of how he has handled the economy, Gallup polling shows.

Abortion and crime also rate highly among US voters' concerns. Meanwhile, gun control and immigration remain “third-tier issues”.

Republicans and Democrats split on economy and abortion

Whereas the economy ranks as extremely important for all US voters, it is an even more central issue for Republican voters, which could point to how they will vote.

Sixty-four per cent of Republican voters consider the economy to be “extremely important” as opposed to 33 per cent of Democrats.

A separate poll conducted by ABC/Ipsos shows most Americans trust the Republicans to handle the economy.

Meanwhile, women's reproductive rights remains the top issue for Democratic voters after the Supreme Court earlier this year overturned Roe versus Wade.

Mr Biden and other high-profile Democratic leaders have used the Supreme Court's decision to galvanise voters to elect politicians that would work to codify reproductive rights into federal law. The White House and others have warned that Republicans could impose a federal ban on abortion, though Republicans in Congress are split.

Meanwhile, “Relations with Russia”, polled for the first time, is a tertiary issue for both Republicans and Democrats as the war in Ukraine continues.

House Minority Leader Kevin McCarthy, a Republican, said there would no longer be a “blank cheque” to the war-torn country if the conservative party retakes the lower chamber.

Democrats suffered a self-inflicted wound when its progressive members sent a letter to Mr Biden urging him to engage directly with Russia. The caucus quickly retracted its letter after facing fierce criticism.

Climate change, crime and immigration remain partisan issues.

Americans dissatisfied with future

Few are happy with how things are going in the country, signalling that voters may want changes when electing who to serve them in Congress — a bad sign for the Democrat-held House and Senate.

Historically, those who are dissatisfied with the current state of affairs (Republicans at 6 per cent) turn up at the polls more than those voters who are relatively happy with things (31 per cent for Democrats).

Still, early voting data compiled by CNN shows Democrats are turning out to the polls in bigger numbers than in 2020 and 2018 in three key states — Arizona, Nevada and Pennsylvania. While it's positive for Democrats, voters of the party traditionally favour early voting more than Republicans do. More Republicans choose to vote on the day of the poll.

Additionally, a compilation of polling data by FiveThirtyEight on November 5 shows that 46.5 per cent of American voters support a Republican Congress, as opposed to 45.3 per cent for a Democratic Congress.

Eroding trust in US Congress

Confidence in the legislative branch of the US government, or Congress, has increasingly become partisan after years of unified shared levels of trust among parties in the country.

The two major US political parties never breached a 10 per cent difference in their distrust of Congress until this year.

Gallup polling shows a 30 per cent difference between Democrats (54 per cent) and Republicans (24 per cent) on their level of trust in Congress — as opposed to when both the parties shared 38 per cent confidence in the last legislative term.

A more partisan divide in trust of Congress does not bode well for an atmosphere that is seeing increasing levels of misinformation, electoral denial and political violence — from the January 6 insurrection that was based on a lie that the 2020 presidential election was stolen to a violent attack on US House Speaker Nancy Pelosi's husband.

A New York Times/Siena College poll found in October that 28 per cent of all voters have little trust in the accuracy of results from midterm races, including 41 per cent of all Republicans.

Joe Biden: an unpopular president

While the presidency is not on the ballot, how American voters view Mr Biden can indicate how his Democratic Party will fare in the midterms.

How the power falls in Congress will largely decide the rest of his presidency.

As Mr Biden has low ratings, with 53 per cent disapproval, the midterms might be a response to his handling of the biggest issues on the minds of voters, while the president asserts the elections are also about saving democracy — but voters aren't making it a priority, a New York Times/Siena College poll found in October.

With his low approval rating, Mr Biden has stayed away from the campaign trail until recently, and it isn't clear how much of a draw that will bring to Democratic candidates.

Tuesday's fixtures
Group A
Kyrgyzstan v Qatar, 5.45pm
Iran v Uzbekistan, 8pm
N Korea v UAE, 10.15pm

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UPI facts

More than 2.2 million Indian tourists arrived in UAE in 2023
More than 3.5 million Indians reside in UAE
Indian tourists can make purchases in UAE using rupee accounts in India through QR-code-based UPI real-time payment systems
Indian residents in UAE can use their non-resident NRO and NRE accounts held in Indian banks linked to a UAE mobile number for UPI transactions

Global Fungi Facts

• Scientists estimate there could be as many as 3 million fungal species globally
• Only about 160,000 have been officially described leaving around 90% undiscovered
• Fungi account for roughly 90% of Earth's unknown biodiversity
• Forest fungi help tackle climate change, absorbing up to 36% of global fossil fuel emissions annually and storing around 5 billion tonnes of carbon in the planet's topsoil

Results:

CSIL 2-star 145cm One Round with Jump-Off

1.           Alice Debany Clero (USA) on Amareusa S 38.83 seconds

2.           Anikka Sande (NOR) For Cash 2 39.09

3.           Georgia Tame (GBR) Cash Up 39.42

4.           Nadia Taryam (UAE) Askaria 3 39.63

5.           Miriam Schneider (GER) Fidelius G 47.74

The more serious side of specialty coffee

While the taste of beans and freshness of roast is paramount to the specialty coffee scene, so is sustainability and workers’ rights.

The bulk of genuine specialty coffee companies aim to improve on these elements in every stage of production via direct relationships with farmers. For instance, Mokha 1450 on Al Wasl Road strives to work predominantly with women-owned and -operated coffee organisations, including female farmers in the Sabree mountains of Yemen.

Because, as the boutique’s owner, Garfield Kerr, points out: “women represent over 90 per cent of the coffee value chain, but are woefully underrepresented in less than 10 per cent of ownership and management throughout the global coffee industry.”

One of the UAE’s largest suppliers of green (meaning not-yet-roasted) beans, Raw Coffee, is a founding member of the Partnership of Gender Equity, which aims to empower female coffee farmers and harvesters.

Also, globally, many companies have found the perfect way to recycle old coffee grounds: they create the perfect fertile soil in which to grow mushrooms. 

How Filipinos in the UAE invest

A recent survey of 10,000 Filipino expatriates in the UAE found that 82 per cent have plans to invest, primarily in property. This is significantly higher than the 2014 poll showing only two out of 10 Filipinos planned to invest.

Fifty-five percent said they plan to invest in property, according to the poll conducted by the New Perspective Media Group, organiser of the Philippine Property and Investment Exhibition. Acquiring a franchised business or starting up a small business was preferred by 25 per cent and 15 per cent said they will invest in mutual funds. The rest said they are keen to invest in insurance (3 per cent) and gold (2 per cent).

Of the 5,500 respondents who preferred property as their primary investment, 54 per cent said they plan to make the purchase within the next year. Manila was the top location, preferred by 53 per cent.

How to keep control of your emotions

If your investment decisions are being dictated by emotions such as fear, greed, hope, frustration and boredom, it is time for a rethink, Chris Beauchamp, chief market analyst at online trading platform IG, says.

Greed

Greedy investors trade beyond their means, open more positions than usual or hold on to positions too long to chase an even greater gain. “All too often, they incur a heavy loss and may even wipe out the profit already made.

Tip: Ignore the short-term hype, noise and froth and invest for the long-term plan, based on sound fundamentals.

Fear

The risk of making a loss can cloud decision-making. “This can cause you to close out a position too early, or miss out on a profit by being too afraid to open a trade,” he says.

Tip: Start with a plan, and stick to it. For added security, consider placing stops to reduce any losses and limits to lock in profits.

Hope

While all traders need hope to start trading, excessive optimism can backfire. Too many traders hold on to a losing trade because they believe that it will reverse its trend and become profitable.

Tip: Set realistic goals. Be happy with what you have earned, rather than frustrated by what you could have earned.

Frustration

Traders can get annoyed when the markets have behaved in unexpected ways and generates losses or fails to deliver anticipated gains.

Tip: Accept in advance that asset price movements are completely unpredictable and you will suffer losses at some point. These can be managed, say, by attaching stops and limits to your trades.

Boredom

Too many investors buy and sell because they want something to do. They are trading as entertainment, rather than in the hope of making money. As well as making bad decisions, the extra dealing charges eat into returns.

Tip: Open an online demo account and get your thrills without risking real money.

Major matches on Manic Monday

Andy Murray (GBR) v Benoit Paire (FRA)

Grigor Dimitrov (BGR) v Roger Federer (SUI)

Rafael Nadal (ESP) v Gilles Muller (LUX)

Adrian Mannarino (FRA) Novak Djokovic (SRB)

UAE currency: the story behind the money in your pockets
MATCH INFO

Quarter-finals

Saturday (all times UAE)

England v Australia, 11.15am 
New Zealand v Ireland, 2.15pm

Sunday

Wales v France, 11.15am
Japan v South Africa, 2.15pm

Updated: November 07, 2022, 7:07 PM