Members of the 118th US Congress had been scheduled to be sworn in this week, setting up a divided legislature for the next two years of President Joe Biden's term — though this has been derailed by a lengthy battle over who will be the next House speaker.
According to the agenda of the first day of Congress, the election of the speaker is to be followed by a speech from the speaker-elect, then the swearing in of members and the adoption of House rules.
Representatives from across the country brought their families to be present for their swearing in, as is tradition.
But that is all currently on hold, as Republicans continue to be divided over their choice for speaker. Some representatives' relatives were spotted snoozing in the gallery while others simply left — and Democrats are growing impatient.
“On vote SIX for speaker of the House and really nothing has changed. There is currently no House of Representatives that can serve the people till we get through this,” tweeted representative-elect Maxwell Frost.
“The definition of insanity is doing the same thing over and over again and expecting a different result.”
When they are finally sworn in, the new Congress features what could be seen as the beginning of a generational shift in US politics, with more women than ever serving as well as younger politicians from an array of backgrounds.
Here is a brief look at what the 118th US Congress will look like:
A record number of women
Women will hold a record number of seats in the US legislature, data from the Centre for American Women and Politics show.
The 118th Congress will include 149 women serving, two more than the previous record of 147 set in the 117th Congress. The biggest gains for women come in the House of Representatives, where they will hold 28.5 per cent of seats.
Of the 149 women in Congress, 107 are Democrats. The other 42 are Republicans, a record high.
This year, Vermont is sending its first woman to Congress.
The first Gen Z representative
Maxwell Frost, a congressman-elect from Florida, will be the first member of Gen Z to serve in the US House of Representatives.
At age 25, Mr Frost will be the youngest member of the House. The Democrat campaigned on gun control, climate change and expanded healthcare access.
Mr Frost said last month that he was denied an apartment in Washington because he had accrued debt while running for Congress. The Gen Z congressman-elect told ABC he would have to “couch surf” until his first paycheque from Congress comes in.
A younger and more diverse make-up
Following a series of congresses that widened the age discrepancy between old and young politicians, the new Congress somewhat closes that gap.
Only 5 per cent of members were under the age of 40 last year, but nearly 21 per cent of incoming freshman members of Congress will be under that age, Insider reported.
And 13 women of colour will be welcomed into the US House of Representatives on Tuesday, adding to the lower chamber's growing diversity. In total, 58 women of colour will serve in Congress, including a record number of black and Latina women in the House.
Katie Britt will become the first female senator elected in her home state of Alabama.
A history-making term for Mitch McConnell
The 118th Congress may be slightly younger, but Republicans in the Senate will still be led by Minority Leader Mitch McConnell.
The octogenarian was confirmed as his party's leader in the Senate last month, cementing his legacy as the longest-serving party leader in Senate history.
Mr McConnell, 80, has served in Republican leadership in the Senate since 2007.
A freshman representative under investigation
The most controversial representative set to be sworn in is George Santos, a Republican who has faced calls to resign after a series of lies he made about his background came to light.
Mr Santos, a representative-elect from New York, admitted he had lied about his education and work history, and also made misleading statements about his purported Jewish heritage.
Democrats have called on Mr Santos to resign, but the freshman has signalled he intends to serve his two-year term.
Republican leadership, currently embroiled in a speaker-selection fiasco, has almost no power to prevent him from being sworn in.
Mr Santos is currently being investigated by US federal regulators over his finances. Brazilian regulators are also reopening a criminal case against him after records showed he admitted to fraud, The New York Times reported.
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Results
5pm: Wadi Nagab – Maiden (PA) Dh80,000 (Turf) 1,200m; Winner: Al Falaq, Antonio Fresu (jockey), Ahmed Al Shemaili (trainer)
5.30pm: Wadi Sidr – Handicap (PA) Dh80,000 (T) 1,200m; Winner: AF Majalis, Tadhg O’Shea, Ernst Oertel
6pm: Wathba Stallions Cup – Handicap (PA) Dh70,000 (T) 2,200m; Winner: AF Fakhama, Fernando Jara, Mohamed Daggash
6.30pm: Wadi Shees – Handicap (PA) Dh80,000 (T) 2,200m; Winner: Mutaqadim, Antonio Fresu, Ibrahim Al Hadhrami
7pm: Arabian Triple Crown Round-1 – Listed (PA) Dh230,000 (T) 1,600m; Winner: Bahar Muscat, Antonio Fresu, Ibrahim Al Hadhrami
7.30pm: Wadi Tayyibah – Maiden (TB) Dh80,000 (T) 1,600m; Winner: Poster Paint, Patrick Cosgrave, Bhupat Seemar
The specs
Engine: 2.0-litre 4cyl turbo
Power: 261hp at 5,500rpm
Torque: 405Nm at 1,750-3,500rpm
Transmission: 9-speed auto
Fuel consumption: 6.9L/100km
On sale: Now
Price: From Dh117,059
Famous left-handers
- Marie Curie
- Jimi Hendrix
- Leonardo Di Vinci
- David Bowie
- Paul McCartney
- Albert Einstein
- Jack the Ripper
- Barack Obama
- Helen Keller
- Joan of Arc
Take Me Apart
Kelela
(Warp)
Who's who in Yemen conflict
Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government
Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council
Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south
Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory
F1 The Movie
Starring: Brad Pitt, Damson Idris, Kerry Condon, Javier Bardem
Director: Joseph Kosinski
Rating: 4/5
The Voice of Hind Rajab
Starring: Saja Kilani, Clara Khoury, Motaz Malhees
Director: Kaouther Ben Hania
Rating: 4/5
Final scores
18 under: Tyrrell Hatton (ENG)
- 14: Jason Scrivener (AUS)
-13: Rory McIlroy (NIR)
-12: Rafa Cabrera Bello (ESP)
-11: David Lipsky (USA), Marc Warren (SCO)
-10: Tommy Fleetwood (ENG), Chris Paisley (ENG), Matt Wallace (ENG), Fabrizio Zanotti (PAR)
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SPEC%20SHEET%3A%20SAMSUNG%20GALAXY%20S24%20ULTRA
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Results
Ashraf Ghani 50.64 per cent
Abdullah Abdullah 39.52 per cent
Gulbuddin Hekmatyar 3.85 per cent
Rahmatullah Nabil 1.8 per cent
Brief scoreline:
Al Wahda 2
Al Menhali 27', Tagliabue 79'
Al Nassr 3
Hamdallah 41', Giuliano 45 1', 62'
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.”
'Unrivaled: Why America Will Remain the World’s Sole Superpower'
Michael Beckley, Cornell Press
match info
Manchester United 3 (Martial 7', 44', 74')
Sheffield United 0
The candidates
Dr Ayham Ammora, scientist and business executive
Ali Azeem, business leader
Tony Booth, professor of education
Lord Browne, former BP chief executive
Dr Mohamed El-Erian, economist
Professor Wyn Evans, astrophysicist
Dr Mark Mann, scientist
Gina MIller, anti-Brexit campaigner
Lord Smith, former Cabinet minister
Sandi Toksvig, broadcaster