The US House of Representatives committee investigating the January 6, 2021, Capitol insurrection voted on Monday to recommend four criminal charges against former president Donald Trump for his central role in attempts to overturn the 2020 presidential election.
In an unprecedented move, the nine-member panel urged the Department of Justice to prosecute Mr Trump for incitement of insurrection, obstruction of an official proceeding, conspiracy to defraud the US and conspiracy to make a false statement.
Mr Trump did not immediately issue any public reaction.
No one associated with the attack on the Capitol has previously faced the charge of insurrection, and it is the first time in US history that Congress has formally referred a former president for prosecution.
“We understand the gravity of each and every referral we are making today, just as we understand the magnitude of the crime against democracy that we described in our report,” panel member Congressman Jamie Raskin said when introducing the referrals.
Calling him “unfit for any office”, the panel's vice chairwoman Liz Cheney accused the former president of failing to perform his duty when his supporters stormed the Capitol in an effort to halt the certification of Joe Biden's presidential victory.
“No man who would behave that way, at that moment in time can ever serve in any position of authority in our nation again,” she said.
Shortly after the public meeting concluded, the committee published an executive summary introducing its full report ahead of an expected release on Wednesday.
The Justice Department is not obligated to abide by the committee's referrals. Special counsel Jack Smith is overseeing federal investigations into Mr Trump.
"The entire nation knows who is responsible for that day. Beyond that, I don't have any immediate observations," Republican Senator Mitch McConnell said:
Mr Trump's former vice president Mike Pence told Fox News that an indictment by the Justice Department would be "terribly divisive in a country at a time when the American people want to see us heal".
"And my hope is the Justice Department will think very carefully," Mr Pence said.
The committee has also referred John Eastman, a lawyer for Mr Trump who supported his efforts to overturn the 2020 election, to be criminally prosecuted.
It also referred several members of Congress to be sanctioned by the House Ethics Committee for defying the panel's subpoenas: Republican leader Kevin McCarthy and representatives Jim Jordan, Scott Perry and Andy Biggs.
Mr Trump's actions leading up to the events of January 6 have been at the heart of the committee's work since last year.
The committee has accused Mr Trump of being central to a plan to overturn the results of the 2020 election, which he lost to Democratic challenger Mr Biden by seven million votes.
It says that Mr Trump for months ignored advice from White House officials and instead pursued baseless claims that the election was stolen from him through a nationwide Democratic conspiracy.
Mr Trump defied a subpoena to testify in front of the committee and has repeatedly attacked the integrity of the panel.
Hearings this year featured live testimony from dozens of officials including a White House aide and election officials who said they had been pressured by the Trump administration.
Monday's meeting aired testimony for the first time from Hope Hicks, who served as Mr Trump's communications director.
Ms Hicks recalled a conversation she had with Mr Trump in which the former president suggested no one would care about his legacy if he lost the election.
“The only thing that matters is winning,” she recalled him saying.
The actions undertaken by the committee cap more than a year-long effort that included the testimony of thousands of witnesses and millions of documents.
The panel was under pressure to complete its work before Republicans take control of the House next year. They are expected to launch their own enquiries into January 6, seeking to blame the events of the day on law enforcement shortcomings.
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
%3Cp%3E%3Cstrong%3EDirectors%3A%3C%2Fstrong%3E%20Chris%20Buck%2C%20Fawn%20Veerasunthorn%3Cbr%3E%3Cstrong%3EStars%3A%3C%2Fstrong%3E%20Ariana%20DeBose%2C%20Chris%20Pine%2C%20Alan%20Tudyk%3Cbr%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%203.5%2F5%3C%2Fp%3E%0A
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
Small%20Things%20Like%20These
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