Congress vote will send the wrong message to Assad



In the end, the constitutional lawyer won the argument with the commander in chief: Barack Obama decided the risks of striking Syria without the explicit backing of Congress were greater than the risk that America's lawmakers would deal him a humiliating setback by voting no.

In his short Rose Garden speech on Saturday, the president who ran as the candidate of peace threatened to make war against Bashar Al Assad, but meanwhile demanded that the people's representatives stand up and be counted - Mr Obama will have none of the endless sniping that followed his Libya operation, before which Congress was merely consulted.

It is, to say the least, an enormous gamble - perhaps the most consequential of Mr Obama's presidency. The White House is projecting confidence, but there's a very real chance that it will lose this vote. And make no mistake: A loss would prove devastating to Mr Obama's prestige at home and abroad, scuppering the remainder of his domestic agenda and deepening the doubts gnawing at America's allies.

In the House, where Mr Obama faces entrenched opposition to nearly anything he does, looming budget fights are further poisoning an already toxic atmosphere. Earlier this summer, the Republican-dominated House stunned Washington when it failed to pass a farm bill, usually a routine matter. Immigration reform, despite the strong backing of both party establishments, seems doomed to a slow, grinding death. An amendment severely restricting the once-invulnerable National Security Agency surprised everyone in July when it nearly passed with a strange-bedfellows coalition of libertarians and the left.

The House debate over Syria will be waged along the same battle lines - and the vote will be just as close. Already, Republican aides are signalling that Democratic votes will be needed to secure a yes vote. Minority leader Nancy Pelosi has voiced her strong support of the president, but many Democrats, still furious over the fiasco in Iraq and very much aware of the public's distaste for deeper involvement in the Middle East's bloody conflicts, will ignore her entreaties. How many she needs is anyone's guess.

The Senate seems like an easier sell, with 53 generally reliable Democratic senators and a hawkish bloc of Republicans led by John McCain and Lindsey Graham. But even there, authorisation is no slam dunk: A single senator, most likely Kentucky's Rand Paul, could launch a filibuster, forcing Majority Leader Harry Reid to round up 60 votes. And Mr McCain and Mr Graham have warned that they will vote against a strike plan that is not tied to a comprehensive strategy for Mr Al Assad's ouster, raising the prospect that the hawks could be the tougher political problem for a president intent on keeping his intervention, in the words of one embittered official, "just muscular enough not to get mocked".

What seems inevitable - at a minimum - is that the White House's expansively drafted authorisation will emerge in much narrower form. Sunday's Capitol Hill briefing, the White House ran into a buzzsaw of scepticism, with wayward lawmakers loudly declaring themselves unpersuaded by the administration's case for action, while advocates remained largely silent. Senator Patrick Leahy, the influential head of the Senate Judiciary Committee, said he would amend the White House draft, and others will doubtless offer changes of their own.

The coming week, or weeks, of high-stakes drama in Washington will make for gripping television and perhaps a healthier democracy - but hardly a potent message to the Syrian regime, which has gradually escalated its brutal counterinsurgency campaign as the international community has largely tut-tutted from the sidelines.

Two years ago, how many would have guessed that, after 110,000 deaths and the gassing of hundreds of Syrian civilians, Mr Al Assad would still be in power - and his forced ouster wouldn't even be on the table? Certainly not Mr Obama, who clearly thought it would all be over by now.

What's particularly baffling is that the White House seemed woefully unprepared for this moment, despite months of repeated warnings of the terrible consequences Mr Al Assad would face should he cross the president's red line. As Fred Hof, a recently retired State Department expert on Syria, wrote in a scathing blog post: "The events of the past 10 days suggest that there was no administration forethought to the possibility of a major chemical incident in Syria; there was no plan in place to respond to a major chemical attack by a regime that had already demonstrated its deep and abiding contempt for the president and his red lines."

Even more puzzling, the administration has promised to punish Mr Al Assad even if Capitol Hill demurs. "We don't contemplate that the Congress is going to vote no," John Kerry, the secretary of state, said on Sunday, adding that the president retained the power to order strikes "no matter what Congress does".

It is no exaggeration to say that the remainder of Mr Obama's presidency hinges on this vote.

If he wins, the president may have strengthened his hand at home, even if his indecision has done damage to his standing abroad. But if he loses, it is the Syrian people who will bear the consequences.

Blake Hounshell is former managing editor of Foreign Policy

On Twitter: @blakehounshell

Prophets of Rage

(Fantasy Records)

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.”

The%20specs
%3Cp%3E%3Cstrong%3EEngine%3A%20%3C%2Fstrong%3E2.0-litre%204-cyl%20turbo%3Cbr%3E%3Cstrong%3EPower%3A%20%3C%2Fstrong%3E190hp%20at%205%2C600rpm%3Cbr%3E%3Cstrong%3ETorque%3A%20%3C%2Fstrong%3E320Nm%20at%201%2C500-4%2C000rpm%3Cbr%3E%3Cstrong%3ETransmission%3A%20%3C%2Fstrong%3E7-speed%20dual-clutch%20auto%3Cbr%3E%3Cstrong%3EFuel%20consumption%3A%20%3C%2Fstrong%3E10.9L%2F100km%3Cbr%3E%3Cstrong%3EPrice%3A%20%3C%2Fstrong%3EFrom%20Dh119%2C900%3Cbr%3E%3Cstrong%3EOn%20sale%3A%20%3C%2Fstrong%3ENow%3C%2Fp%3E%0A
Our family matters legal consultant

 

Name: Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.

COMPANY PROFILE
Name: Kumulus Water
 
Started: 2021
 
Founders: Iheb Triki and Mohamed Ali Abid
 
Based: Tunisia 
 
Sector: Water technology 
 
Number of staff: 22 
 
Investment raised: $4 million 
A State of Passion

Directors: Carol Mansour and Muna Khalidi

Stars: Dr Ghassan Abu-Sittah

Rating: 4/5

'The Batman'

Stars:Robert Pattinson

Director:Matt Reeves

Rating: 5/5

The specs

Engine: 2.0-litre 4-cylturbo

Transmission: seven-speed DSG automatic

Power: 242bhp

Torque: 370Nm

Price: Dh136,814

The specs

Engine: 2.9-litre, V6 twin-turbo

Transmission: seven-speed PDK dual clutch automatic

Power: 375bhp

Torque: 520Nm

Price: Dh332,800

On sale: now

Kill%20Bill%20Volume%201
%3Cp%3E%3Cstrong%3EDirector%3C%2Fstrong%3E%3A%20Quentin%20Tarantino%3Cbr%3E%3Cstrong%3EStars%3C%2Fstrong%3E%3A%20Uma%20Thurman%2C%20David%20Carradine%20and%20Michael%20Madsen%3Cbr%3E%3Cstrong%3ERating%3C%2Fstrong%3E%3A%204.5%2F5%3C%2Fp%3E%0A
Zidane's managerial achievements

La Liga: 2016/17
Spanish Super Cup: 2017
Uefa Champions League: 2015/16, 2016/17, 2017/18
Uefa Super Cup: 2016, 2017
Fifa Club World Cup: 2016, 2017

Godzilla%20x%20Kong%3A%20The%20New%20Empire
%3Cp%3E%3Cstrong%3EDirector%3A%20%3C%2Fstrong%3EAdam%20Wingard%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStarring%3A%20%3C%2Fstrong%3EBrian%20Tyree%20Henry%2C%20Rebecca%20Hall%2C%20Dan%20Stevens%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%204%2F5%3C%2Fp%3E%0A

Leap of Faith

Michael J Mazarr

Public Affairs

Dh67
 

The Sand Castle

Director: Matty Brown

Stars: Nadine Labaki, Ziad Bakri, Zain Al Rafeea, Riman Al Rafeea

Rating: 2.5/5

IF YOU GO
 
The flights: FlyDubai offers direct flights to Catania Airport from Dubai International Terminal 2 daily with return fares starting from Dh1,895.
 
The details: Access to the 2,900-metre elevation point at Mount Etna by cable car and 4x4 transport vehicle cost around €57.50 (Dh248) per adult. Entry into Teatro Greco costs €10 (Dh43). For more go to www.visitsicily.info

 Where to stay: Hilton Giardini Naxos offers beachfront access and accessible to Taormina and Mount Etna. Rooms start from around €130 (Dh561) per night, including taxes.

The specs

Engine: 1.5-litre turbo

Power: 181hp

Torque: 230Nm

Transmission: 6-speed automatic

Starting price: Dh79,000

On sale: Now