Last Thursday, from a neoclassical stage that felt soothingly pagan for US voters who still believe in the separation of church and state, Barack Obama accepted his historic nomination as the Democratic Party's presidential nominee. In his 45-minute speech, he warned supporters of a renewed onslaught of personal attacks against him. "If you don't have a record to run on," he told the party faithful, "then you paint your opponent as someone people should run from. You make a big election about small things."
Thus, the absurd rumours about Mr Obama being simultaneously a crypto-gay dope dealer on the one hand and a stealth Muslim on the other. Mr Obama, we are told, is unpatriotic because he would not wear an American flag pin on his lapel until he was pressured to do so. Elevated to the White House, he would unilaterally disarm America and impose nationwide income distribution. Strong stuff, even by the gutter culture of US presidential politics. But if Mr Obama is not an Islamic militant, then what is he? He has been compared to Abraham Lincoln, who like Mr Obama was raised from humble roots, came of age in Illinois and was a political unknown when he ran for president. Mr Obama also recalls John F Kennedy for his glamour, charm, eloquence and the history-making thrust of his candidacy - Mr Obama as the first African-American to make a viable bid for the oval office, Kennedy as the first Catholic.
Such comparisons are potent symbolically but are of little use as a benchmark for how Mr Obama may govern. For that, one should consider the very much extant Bill Clinton. Despite tensions between the two men, Mr Obama will be the steward of Clinton neoliberalism, rather than its wrecking ball - minus Mr Clinton's self-destructive gluttony, and if the Democratic platform is anything to go by, his fiscal discipline.
Mr Obama's economic plan is a mix of public initiative and private enterprise - the same blended fabric that makes traditional liberals break out in hives. He would raise taxes on household incomes of US$250,000 (Dh918,000) and greater while offering lower and middle income tax breaks that would amount to a $1,000 rebate per household. (Mr Clinton, it must be remembered, imposed a similar tax regime and presided over one of the longest periods of sustained economic growth in US history.)
Mr Obama's health care plan would oblige private insurers to cover anyone who asks for it, regardless of their medical history, but does not - unlike Hillary Clinton's more ambitious version - insist on universal coverage. He has co-sponsored a bill that would invest tens of billions of dollars in America's failing infrastructure - roads, railway, ports and power grids - through the creation of a publicly backed but privately financed infrastructure bank.
He has dialled back his opposition to free-trade deals, in particular the Clinton-midwifed North American Free Trade Agreement, possibly because of the revival of America's export base due to the weak US dollar and possibly because he never bought into the protectionists' s gimmick in the first place. Mr Obama has surrounded himself with adherents of the Milton Friedman school of free-market economics, including his chief economics adviser, Jason Furman, an acolyte of Robert Rubin, the investment banker and Clinton treasury secretary.
For all his talk about exiting Iraq, Mr Obama's world view is informed by the same myth of American exceptionalism that inspired Mr Clinton to extend Nato to Russia's very doorstep, planting the seed for the Georgia-South Ossetia crisis that now threatens to ignite a new Cold War. His foreign policy advisers are Clinton retreads who would increase the US defence budget and leverage its might to "integrate civilian and military capabilities to promote global democracy and development". He would also give expeditionary power to non-defense agencies, including the secretary of state, Homeland Security, Justice and Treasury.
If Mr Obama does keep militant company, it is the corps of foreign policy boffins who would intensify the militarisation of US foreign policy in the name of "liberal interventionism". Only when it comes to underwriting such an expansive, neoliberal agenda does Mr Obama deviate from Mr Clinton. He says he will pay for his new initiatives by closing tax loopholes for big business and cutting legislative red tape. This would be an admirable start, but it would also be a drop in the bucket of America's $500 billion budget deficit, which is due to increase exponentially within the next few years as a retiring baby-boom population begins to draw down the country's Social Security reserve.
In that sense, a future President Obama would resemble less Mr Clinton, who managed a budget surplus through aggressive legislative haggling, than he does the White House's current occupant. It may be unfair to judge a presidential candidate's intentions from his rhetoric, but America's allowance for expedient cant is fast evaporating.
sglain@thenational.ae
COMPANY PROFILE
Name: Almnssa
Started: August 2020
Founder: Areej Selmi
Based: Gaza
Sectors: Internet, e-commerce
Investments: Grants/private funding
The specs
Engine: 3-litre twin-turbo V6
Power: 400hp
Torque: 475Nm
Transmission: 9-speed automatic
Price: From Dh215,900
On sale: Now
THE SPECS
Engine: 3-litre V6
Transmission: eight-speed automatic
Power: 424hp
Torque: 580 Nm
Price: From Dh399,000
On sale: Now
How to protect yourself when air quality drops
Install an air filter in your home.
Close your windows and turn on the AC.
Shower or bath after being outside.
Wear a face mask.
Stay indoors when conditions are particularly poor.
If driving, turn your engine off when stationary.
The Bio
Amal likes watching Japanese animation movies and Manga - her favourite is The Ancient Magus Bride
She is the eldest of 11 children, and has four brothers and six sisters.
Her dream is to meet with all of her friends online from around the world who supported her work throughout the years
Her favourite meal is pizza and stuffed vine leaves
She ams to improve her English and learn Japanese, which many animated programmes originate in
City's slump
L - Juventus, 2-0
D - C Palace, 2-2
W - N Forest, 3-0
L - Liverpool, 2-0
D - Feyenoord, 3-3
L - Tottenham, 4-0
L - Brighton, 2-1
L - Sporting, 4-1
L - Bournemouth, 2-1
L - Tottenham, 2-1
The Sand Castle
Director: Matty Brown
Stars: Nadine Labaki, Ziad Bakri, Zain Al Rafeea, Riman Al Rafeea
Rating: 2.5/5
COMPANY PROFILE
Founders: Alhaan Ahmed, Alyina Ahmed and Maximo Tettamanzi
Total funding: Self funded
Last 10 winners of African Footballer of the Year
2006: Didier Drogba (Chelsea and Ivory Coast)
2007: Frederic Kanoute (Sevilla and Mali)
2008: Emmanuel Adebayor (Arsenal and Togo)
2009: Didier Drogba (Chelsea and Ivory Coast)
2010: Samuel Eto’o (Inter Milan and Cameroon)
2011: Yaya Toure (Manchester City and Ivory Coast)
2012: Yaya Toure (Manchester City and Ivory Coast)
2013: Yaya Toure (Manchester City and Ivory Coast)
2014: Yaya Toure (Manchester City and Ivory Coast)
2015: Pierre-Emerick Aubameyang (Borussia Dortmund and Gabon)
2016: Riyad Mahrez (Leicester City and Algeria)
Joker: Folie a Deux
Starring: Joaquin Phoenix, Lady Gaga, Brendan Gleeson
Director: Todd Phillips
Rating: 2/5
THE SIXTH SENSE
Starring: Bruce Willis, Toni Collette, Hayley Joel Osment
Director: M. Night Shyamalan
Rating: 5/5
COMPANY%20PROFILE%20
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Business Insights
- As per the document, there are six filing options, including choosing to report on a realisation basis and transitional rules for pre-tax period gains or losses.
- SMEs with revenue below Dh3 million per annum can opt for transitional relief until 2026, treating them as having no taxable income.
- Larger entities have specific provisions for asset and liability movements, business restructuring, and handling foreign permanent establishments.
The five pillars of Islam
Ashes 2019 schedule
August 1-5: First Test, Edgbaston
August 14-18: Second Test, Lord's
August 22-26: Third Test, Headingley
September 4-8: Fourth Test, Old Trafford
September 12-16: Fifth Test, Oval
COMPANY%20PROFILE
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Ticket prices
- Golden circle - Dh995
- Floor Standing - Dh495
- Lower Bowl Platinum - Dh95
- Lower Bowl premium - Dh795
- Lower Bowl Plus - Dh695
- Lower Bowl Standard- Dh595
- Upper Bowl Premium - Dh395
- Upper Bowl standard - Dh295
Farasan Boat: 128km Away from Anchorage
Director: Mowaffaq Alobaid
Stars: Abdulaziz Almadhi, Mohammed Al Akkasi, Ali Al Suhaibani
Rating: 4/5
Roger Federer's 2018 record
Australian Open Champion
Rotterdam Champion
Indian Wells Runner-up
Miami Second round
Stuttgart Champion
Halle Runner-up
Wimbledon Quarter-finals
Cincinnati Runner-up
US Open Fourth round
Shanghai Semi-finals
Basel Champion
Paris Masters Semi-finals
COMPANY%20PROFILE
%3Cp%3E%3Cstrong%3ECompany%20name%3A%3C%2Fstrong%3E%20Revibe%20%0D%3Cbr%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%202022%0D%3Cbr%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20Hamza%20Iraqui%20and%20Abdessamad%20Ben%20Zakour%20%0D%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20UAE%20%0D%3Cbr%3E%3Cstrong%3EIndustry%3A%3C%2Fstrong%3E%20Refurbished%20electronics%20%0D%3Cbr%3E%3Cstrong%3EFunds%20raised%20so%20far%3A%3C%2Fstrong%3E%20%2410m%20%0D%3Cbr%3E%3Cstrong%3EInvestors%3A%20%3C%2Fstrong%3EFlat6Labs%2C%20Resonance%20and%20various%20others%0D%3C%2Fp%3E%0A
Killing of Qassem Suleimani
Business Insights
- Canada and Mexico are significant energy suppliers to the US, providing the majority of oil and natural gas imports
- The introduction of tariffs could hinder the US's clean energy initiatives by raising input costs for materials like nickel
- US domestic suppliers might benefit from higher prices, but overall oil consumption is expected to decrease due to elevated costs
TO A LAND UNKNOWN
Director: Mahdi Fleifel
Starring: Mahmoud Bakri, Aram Sabbah, Mohammad Alsurafa
Rating: 4.5/5
A timeline of the Historical Dictionary of the Arabic Language
- 2018: Formal work begins
- November 2021: First 17 volumes launched
- November 2022: Additional 19 volumes released
- October 2023: Another 31 volumes released
- November 2024: All 127 volumes completed
The Bio
Hometown: Bogota, Colombia
Favourite place to relax in UAE: the desert around Al Mleiha in Sharjah or the eastern mangroves in Abu Dhabi
The one book everyone should read: 100 Years of Solitude by Gabriel Garcia Marquez. It will make your mind fly
Favourite documentary: Chasing Coral by Jeff Orlowski. It's a good reality check about one of the most valued ecosystems for humanity
Wicked
Director: Jon M Chu
Stars: Cynthia Erivo, Ariana Grande, Jonathan Bailey
How to increase your savings
- Have a plan for your savings.
- Decide on your emergency fund target and once that's achieved, assign your savings to another financial goal such as saving for a house or investing for retirement.
- Decide on a financial goal that is important to you and put your savings to work for you.
- It's important to have a purpose for your savings as it helps to keep you motivated to continue while also reducing the temptation to spend your savings.
- Carol Glynn, founder of Conscious Finance Coaching
DUNE%3A%20PART%20TWO
%3Cp%3E%3Cstrong%3EDirector%3A%3C%2Fstrong%3E%20Denis%20Villeneuve%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStarring%3A%3C%2Fstrong%3E%20Timothee%20Chamalet%2C%20Zendaya%2C%20Austin%20Butler%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%205%2F5%3C%2Fp%3E%0A
The specs: 2017 GMC Sierra 1500 Denali
Price, base / as tested Dh207,846 / Dh220,000
Engine 6.2L V8
Transmission Eight-speed automatic
Power 420hp @ 5,600rpm
Torque 624Nm @ 4,100rpm
Fuel economy, combined 13.5L / 100km
BRAZIL%20SQUAD
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Aquaman%20and%20the%20Lost%20Kingdom
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