“I will share some insight with you,” said Allan Lichtman, distinguished professor of history at American University, when asked about whether or not he was ready to make his annual US presidential election prediction in favour of the incumbent, President Joe Biden.
“You know, so many Democrats are saying, ‘Oh my, Biden is too old, we need to get someone else’ – well, that’s a recipe for losing the election.”
Prof Lichtman’s 13 trends, or “keys” system, has been a much-talked-about apparatus when it comes to predicting US presidential elections.
“The keys have been right since 1984,” said Prof Lichtman, pointing out that he has accurately used the keys to predict both Democratic and Republican White House victories.
Who is Allan Lichtman and what has he predicted?
While known in various political science circles for much of his career, Prof Lichtman broke through to the mainstream right before the 2016 US presidential election when he accurately predicted Donald Trump would defeat heavily favoured Hillary Clinton, a prediction that went against many polls and analysis at the time.
Shortly after Mr Trump won the White House in 2016, he sent Prof Lichtman a signed note.
“Professor, congrats, good call,” it read.
Prof Lichtman, however, was also among the first to predict that Mr Trump would be impeached, which came to fruition in 2021 shortly after the insurrection he incited following his electoral defeat to Democratic candidate Joe Biden in the 2020 election.
As for the 2024 US presidential election, Prof Lichtman said he’s not ready to lock in a prediction yet.
“The keys are still uncertain,” he said.
For some of the keys, such as incumbency, minimal social unrest, economy and lack of a Democratic primary challenger, Mr Biden does appear to have an advantage.
What remains to be seen, however, is what might happen if some of the other keys become a factor such as a third-party candidate, potential scandals or a potentially charismatic challenger from the Republican side.
Could Mr Biden get re-elected?
Several polls do suggest voters are concerned about Mr Biden’s age.
At 80, he is the oldest to serve as president, compared to Ronald Reagan, who was 77 at the end of his presidency.
Prof Lichtman cautioned that although it might be tempting for Democrats to run someone else, doing so would jeopardise several of the keys.
He also pointed to the potential Republican challenger, Donald Trump, aged 77, as having a similar vulnerability.
“Look, it’s not like Biden might be running against a 45 year old,” Prof Lichtman said.
Worth noting is that, although he trails in the polls, if Republican Florida Governor Ron DeSantis becomes the nominee, he would be 44 years old.
Either way, Prof Lichtman said disregarding the importance of incumbency would be a self-inflicted electoral wound from which the Democrats might not recover.
It also remains to be seen how the appointment of a special council to investigate Hunter Biden, Mr Biden's son, might play out in the public eye leading up to the election day, which could cause another key to turn against him.
Prof Lichtman's system has seen its occasional critics, such as prominent statistician and journalist Nate Silver, who once described the 13 keys method as “superficial” back in 2011, but he pointed out that his prediction of a Barack Obama victory at the time came to fruition.
“I wrote him [Mr Silver] a 30-page response … and offered to write a joint article with him,” Prof Lichtman said. He added that he wanted to write about how two analysts using two totally different methods could ultimately come to the same conclusion.
FiveThirtyEight, founded by Mr Silver and operated by ABCNews, ultimately published Prof Lichtman's response, but Mr Silver did not directly address it.
“I never heard a word from him,” Prof Lichtman said.
There was also the caveat of the 2000 election, when Prof Lichtman predicted a victory for Al Gore.
On paper, of course, he was right. Mr Gore won the popular vote over George W Bush by 543,000 votes, and by most standards, probably would have won recounts in the much-contested state Florida, but ultimately the Supreme Court put a stop to those recounts and sent Mr Gore – who was vice president at the time – packing from the White House.
“Gore, based on the actual verdict of the voters was the winner … what happened in Florida was voter suppression,” Prof Lichtman said. “And I wasn't the only one to come to that conclusion.”
In terms of media appearances and interview requests, Prof Lichtman's presence reached a crescendo shortly after his 2016 prediction of a Trump upset.
That prediction, followed by his prediction of a Biden victory in 2020, propelled his method to new heights of popularity, but Prof Lichtman's resume is significantly broader than his recent presidential predictions.
“I won over $100,000 on Tic Tac Dough,” he said, referring to the US game show that ran from 1978 to 1986.
“I've also been a an expert witness in more than 100 civil rights cases.”
Mr Lichtman said he's used to seeing his methods and predictions critiqued by both Democrats and Republicans, but always makes sure to point out that his predictions are not endorsements.
“If you let your personal views infect your work, you will be useless as a predictor,” he said. “The 13 prediction keys are a robust system and they're based on 160 years of American political experience going back to the days of Abe Lincoln.”
On the Republican side, Prof Lichtman says some of his earliest consulting work was advice he gave to Ronald Reagan's adviser, Lee Atwater, a major figure in US conservatism.
“He wanted to know what would happen if Ronald Reagan didn't run again, because you had a situation similar to what you a have with Biden today,” he said.
“I told him, 'You don't want to lose the party battle or the charisma key'.”
Conversely, Prof Lichtman also says he has had conversations with Mr Biden's former chief of staff, Ron Klaine, who was curious as to how to best position the Democrat for re-election.
“I told him the best thing Biden could do was to govern well, that's what's going to matter in the end,” he said.
“All politics aside, the American people aren't fooled or tricked. They'll give you four more years if you merit it, and if not they'll turn to alternatives.”
How does Lichtman's 13 keys model work?
The 13 Keys to the White House is an index of true-or-false responses to a set of questions, based on a simple pattern recognition algorithm.
“True” answers favour the re-election of the incumbent, while “false” answers favour the challenger.
When six or more of the statements are false, the incumbent party is predicted to lose.
Lichtman's 13 Keys to the White House:
- Party mandate: After the midterm elections the incumbent party holds more seats in the US House of Representatives than it did after the previous midterm elections.
- Contest: The candidate is nominated on the first ballot and wins at least two thirds of the delegate votes.
- Incumbency: The sitting president is the party candidate.
- Third party: A third-party candidate wins at least 5 per cent of the popular vote.
- Short-term economy: The National Bureau of Economic Research has either not declared a recession, or has declared it over prior to the election.
- Long-term economy: Real per-capita economic growth during the term equals or exceeds the mean growth during the previous two terms.
- Policy change: The administration achieves a major policy change during the term comparable to the New Deal or the first-term Reagan Revolution.
- Social unrest: There is no social unrest during the term that is comparable to the upheavals of the post-civil war Reconstruction or of the 1960s, and is sustained or raises deep concerns about the unravelling of society.
- Scandal: There is no broad recognition of a scandal that directly touches upon the president
- Foreign or military failure: There is no major failure during the term comparable to Pearl Harbour or the Iran hostage crisis that appears to significantly undermine America's national interests or threaten its standing in the world.
- Foreign or military success: There is a major success during the term comparable to the winning of the Second World War or the Camp David Accords that significantly advances America's national interests or its standing in the world.
- Incumbent charisma: The incumbent party candidate is a national hero comparable to Ulysses Grant or Dwight Eisenhower or is an inspirational candidate comparable to Franklin Roosevelt or Ronald Reagan.
- Challenger charisma: The challenger party candidate is not a national hero comparable to Ulysses Grant or Dwight Eisenhower and is not an inspirational candidate comparable to Franklin Roosevelt or Ronald Reagan.
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
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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.”
'Will%20of%20the%20People'
%3Cp%3E%3Cstrong%3EArtist%3A%20%3C%2Fstrong%3EMuse%3Cbr%3E%3Cstrong%3ELabel%3A%20%3C%2Fstrong%3EWarner%3Cbr%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%202.5%2F5%3C%2Fp%3E%0A
'The Sky is Everywhere'
Director:Josephine Decker
Stars:Grace Kaufman, Pico Alexander, Jacques Colimon
Rating:2/5
MATCH INFO
Norwich 0
Watford 2 (Deulofeu 2', Gray 52')
Red card: Christian Kabasele (WatforD)
Our family matters legal consultant
Name: Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants.
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
The specs
Engine: 3.0-litre six-cylinder turbo
Power: 398hp from 5,250rpm
Torque: 580Nm at 1,900-4,800rpm
Transmission: Eight-speed auto
Fuel economy, combined: 6.5L/100km
On sale: December
Price: From Dh330,000 (estimate)
Infobox
Western Region Asia Cup Qualifier, Al Amerat, Oman
The two finalists advance to the next stage of qualifying, in Malaysia in August
Results
UAE beat Iran by 10 wickets
Kuwait beat Saudi Arabia by eight wickets
Oman beat Bahrain by nine wickets
Qatar beat Maldives by 106 runs
Monday fixtures
UAE v Kuwait, Iran v Saudi Arabia, Oman v Qatar, Maldives v Bahrain
J%20Street%20Polling%20Results
%3Cp%3E97%25%20of%20Jewish-Americans%20are%20concerned%20about%20the%20rise%20in%20anti-Semitism%3Cbr%3E%3Cbr%3E76%25%20of%20US%20Jewish%20voters%20believe%20Donald%20Trump%20and%20his%20allies%20in%20the%20Republican%20Party%20are%20responsible%20for%20a%20rise%20in%20anti-Semitism%3Cbr%3E%3Cbr%3E74%25%20of%20American%20Jews%20agreed%20that%20%E2%80%9CTrump%20and%20the%20Maga%20movement%20are%20a%20threat%20to%20Jews%20in%20America%22%3Cbr%3E%3C%2Fp%3E%0A
if you go
The flights
Air Astana flies direct from Dubai to Almaty from Dh2,440 per person return, and to Astana (via Almaty) from Dh2,930 return, both including taxes.
The hotels
Rooms at the Ritz-Carlton Almaty cost from Dh1,944 per night including taxes; and in Astana the new Ritz-Carlton Astana (www.marriott) costs from Dh1,325; alternatively, the new St Regis Astana costs from Dh1,458 per night including taxes.
When to visit
March-May and September-November
Visas
Citizens of many countries, including the UAE do not need a visa to enter Kazakhstan for up to 30 days. Contact the nearest Kazakhstan embassy or consulate.
Avatar: Fire and Ash
Director: James Cameron
Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana
Rating: 4.5/5
The%20Beekeeper
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'Manmarziyaan' (Colour Yellow Productions, Phantom Films)
Director: Anurag Kashyap
Cast: Abhishek Bachchan, Taapsee Pannu, Vicky Kaushal
Rating: 3.5/5
Dubai Women's Tour teams
Agolico BMC
Andy Schleck Cycles-Immo Losch
Aromitalia Basso Bikes Vaiano
Cogeas Mettler Look
Doltcini-Van Eyck Sport
Hitec Products – Birk Sport
Kazakhstan National Team
Kuwait Cycling Team
Macogep Tornatech Girondins de Bordeaux
Minsk Cycling Club
Pannonia Regional Team (Fehérvár)
Team Auvergne-Rhône-Alpes
Team Ciclotel
UAE Women’s Team
Under 23 Kazakhstan Team
Wheel Divas Cycling Team
The biog
Favourite food: Tabbouleh, greek salad and sushi
Favourite TV show: That 70s Show
Favourite animal: Ferrets, they are smart, sensitive, playful and loving
Favourite holiday destination: Seychelles, my resolution for 2020 is to visit as many spiritual retreats and animal shelters across the world as I can
Name of first pet: Eddy, a Persian cat that showed up at our home
Favourite dog breed: I love them all - if I had to pick Yorkshire terrier for small dogs and St Bernard's for big
COMPANY%20PROFILE
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'The worst thing you can eat'
Trans fat is typically found in fried and baked goods, but you may be consuming more than you think.
Powdered coffee creamer, microwave popcorn and virtually anything processed with a crust is likely to contain it, as this guide from Mayo Clinic outlines:
Baked goods - Most cakes, cookies, pie crusts and crackers contain shortening, which is usually made from partially hydrogenated vegetable oil. Ready-made frosting is another source of trans fat.
Snacks - Potato, corn and tortilla chips often contain trans fat. And while popcorn can be a healthy snack, many types of packaged or microwave popcorn use trans fat to help cook or flavour the popcorn.
Fried food - Foods that require deep frying — french fries, doughnuts and fried chicken — can contain trans fat from the oil used in the cooking process.
Refrigerator dough - Products such as canned biscuits and cinnamon rolls often contain trans fat, as do frozen pizza crusts.
Creamer and margarine - Nondairy coffee creamer and stick margarines also may contain partially hydrogenated vegetable oils.
The specs: 2018 Renault Megane
Price, base / as tested Dh52,900 / Dh59,200
Engine 1.6L in-line four-cylinder
Transmission Continuously variable transmission
Power 115hp @ 5,500rpm
Torque 156Nm @ 4,000rpm
Fuel economy, combined 6.6L / 100km
Ziina users can donate to relief efforts in Beirut
Ziina users will be able to use the app to help relief efforts in Beirut, which has been left reeling after an August blast caused an estimated $15 billion in damage and left thousands homeless. Ziina has partnered with the United Nations High Commissioner for Refugees to raise money for the Lebanese capital, co-founder Faisal Toukan says. “As of October 1, the UNHCR has the first certified badge on Ziina and is automatically part of user's top friends' list during this campaign. Users can now donate any amount to the Beirut relief with two clicks. The money raised will go towards rebuilding houses for the families that were impacted by the explosion.”