McCain shakes up US presidential race



"John McCain on Friday announced a running mate whom he met only six months ago and with whom he spoke just once on the phone about the position before offering it in person earlier this week," Jonathan Martin wrote in Politico. "McCain's first encounter with Sarah Palin came at a Washington meeting of the National Governors Association in February, according to a campaign-provided reconstruction of how the little-known Alaska governor was thrust into the national spotlight. The two discussed the position by phone on Sunday before McCain invited Palin and her husband to Arizona to formally make the offer. McCain, joined by his wife, Cindy, did just that Thursday morning at their home near Sedona, Arizona. "By picking somebody he and most Americans barely know - an out-of-the-blue decision that sent shock waves of disbelief through the political world and still has jaws agape - McCain has taken a considerable gamble." For The New York Times, Peter Baker wrote: "Senator John McCain spent the summer arguing that a 40-something candidate with four years in major office and no significant foreign policy experience was not ready to be president. "And then on Friday he picked as his running mate a 40-something candidate with two years in major office and no significant foreign policy experience. "The selection of Gov Sarah Palin of Alaska proved quintessentially McCain - daring, hazardous and defiantly off-message. He demonstrated that he would not get boxed in by convention as he sought to put a woman next in line to the presidency for the first time. Yet in making such an unabashed bid for supporters of Senator Hillary Rodham Clinton, he risked undercutting his central case against Senator Barack Obama." In The Washington Post, Dan Balz wrote: "For all the enthusiasm Palin's selection generated among conservative constituencies, many GOP strategists were privately bewildered by McCain's decision. "One Republican strategist, who spoke on the condition of anonymity to offer a candid view, said in an e-mail, 'I would rather be arguing with conservatives about abortion than with the Democrats about a lack of experience on our own ticket.' " 'She really destroys the 'not ready' mantra,' another strategist noted. "But other Republicans believe Palin could help the ticket in the industrial states of the Midwest if she is seen as they believe she will be: a working mother of strong character and convictions, and a fresh voice from outside Washington calling for an end to business as usual." David Frum, a former speechwriter for President George W Bush, said in National Review: "It's a wild gamble, undertaken by our oldest ever first-time candidate for president in hopes of changing the board of this election campaign. Maybe it will work. But maybe (and at least as likely) it will reinforce a theme that I'd be pounding home if I were the Obama campaign: that it's John McCain for all his white hair who represents the risky choice, while it is Barack Obama who offers cautious, steady, predictable governance. "Here's I fear the worst harm that may be done by this selection. The McCain campaign's slogan is 'country first.' It's a good slogan, and it aptly describes John McCain, one of the most self-sacrificing, gallant, and honourable men ever to seek the presidency. "But question: If it were your decision, and you were putting your country first, would you put an untested small-town mayor a heartbeat away from the presidency?" One immediate effect of Mr McCain's announcement was to swiftly turn the media's attention away from the highlight of the Democratic party's national convention: Barack Obama's nomination acceptance speech at one of America's largest political rallies in living memory. The New York Times said: "In his speech, Mr Obama scored Mr McCain for raising questions about his patriotism, and trying, he said, to turn a big election into a fight on small squabbles. " 'I love this country, and so do you, and so does John McCain,' Mr Obama said, an American flag lapel affixed to his left lapel. 'The men and women who serve in our battlefields may be Democrats and Republicans and Independents, but they have fought together and bled together and some died together under the same proud flag.' " 'So I've got news for you, John McCain: We all put our country first,' he said, prompting the crowd to break into a chant of 'U-S-A, U-S-A.' " Meanwhile, in Kenya, the country of Obama's father, The Nation reported: "As Mr Obama was delivering his speech from about 5.10am East African time, Kenyans in their thousands woke up to watch him live on television. "Tourism minister Najib Balala and his wife and three children were up as early. "By the time the Saturday Nation team arrived at his house at 4.45am, the minister was seated in front of his TV with an 'Obama for President' button pinned on his shirt. " 'In Obama there is a new leadership that gives inspiration and hope not only in America but all over the world,' Mr Balala said. He added: 'Obama's leadership gives a new meaning to democracy in total disregard of whether one is black or white.'

South Ossetia set to become part of Russia

"The Kremlin moved swiftly to tighten its grip on Georgiaís breakaway regions yesterday as South Ossetia announced that it would soon become part of Russia, which will open military bases in the province under an agreement to be signed on Tuesday," The Times reported. "Tarzan Kokoity, the province's Deputy Speaker of parliament, announced that South Ossetia would be absorbed into Russia soon so that its people could live in 'one united Russian state' with their ethnic kin in North Ossetia. "The declaration came only three days after Russia defied international criticism and recognised South Ossetia and Georgia's other separatist region of Abkhazia as independent states. Eduard Kokoity, South Ossetia's leader, agreed that it would form part of Russia within 'several years' during talks with Dmitri Medvedev, the Russian President, in Moscow." The New York Times reported: "The Georgian government broke off diplomatic relations with Russia on Friday and Russia responded by doing the same. "While the move was expected in the wake of the war this month, it was a significant political ripple in post-Soviet politics. Never before has Russia severed formal diplomatic ties with any of the other 14 republics that became independent states in 1991 after the collapse of the Soviet Union." AFP said: "Russia called Saturday for more international observers to be sent to Georgia, two days before a European Union summit that Tbilisi hopes will punish Moscow with sanctions. "The appeal for stronger European monitoring in Georgia came as Prime Minister Vladimir Putin urged EU leaders to show 'common sense' at the summit on Monday and ignore calls for sanctions. "Leaders of the 27-nation EU are seeking to agree on a response to Russia's military surge into Georgia and the decision to recognise the independence of South Ossetia and Abkhazia." Meanwhile, McClatchy Newspapers said: "During Russian bombing raids on Georgia's troops and villages earlier this month, Kremlin officials seemed to have another target in their sights: Georgian President Mikheil Saakashvili, a man they openly despise. "But the fighting, subsequent occupation and this week's de facto annexation of two large chunks of Georgian territory into Russian control have so far only strengthened Saakashvili's domestic political support. Some analysts, though, see a long struggle ahead between Russia and the US-backed government in Georgia. "For now, even among political foes of Saakashvili there is broad solidarity with their president in the face of what they see as a Russian aggression that threatens to topple his administration."

Iran warns of world war

"A senior military commander warned on Saturday that any attack on Iran would start a new world war, as Tehran pressed on with its controversial nuclear drive despite the risk of further UN sanctions," AFP reported. " 'Any aggression against Iran will start a world war,' deputy chief of staff for defence publicity, Brigadier General Masoud Jazayeri, said in a statement carried by the state news agency IRNA. In The Forward, Yossi Alpher wrote: "Barring a doomsday scenario, Israel may be forced to concede to Washington at least some of its freedom to make independent decisions aimed at militarily neutralising or even delaying the Iranian nuclear threat. In the near future, Israel is far less likely to receive American backing and support for an attack on Iran, as it might have just a few months ago. "In short, Israel and the United States may be falling out of sync regarding Iran. "In recent days we were informed that the United States had agreed to deploy an American-manned, high-power early-warning system in the Negev. By linking up to a sophisticated American radar and satellite system, Israel would increase its early-warning time against missiles launched from Iran by crucial minutes and could intercept them at a greater distance from home. The catch is that an American green light is now required before Israel can launch a preemptive attack against Iran." Congressional Quarterly said: "A pro-Israel organisation argued Wednesday that a majority of Americans would support military action against Iran under certain circumstances, in a rare concurrence of message between some Democrats and Republicans at the Democratic National Convention. "Democratic pollster Stan Greenberg and Republican pollster Frank Luntz joined under the banner of the Israel Project to release data from a poll of voters in the United States, Great Britain, and Germany. They aimed to make the case that a US consensus exists on Iran's regime and the need for tough measures to combat it. "The Israel Project officials say the group is pushing for a diplomatic approach to dealing with Iran. But they prominently presented data portraying that a majority of Americans could eventually get behind an Israeli or US strike on Iranian nuclear facilities."

Company Profile:

Name: The Protein Bakeshop

Date of start: 2013

Founders: Rashi Chowdhary and Saad Umerani

Based: Dubai

Size, number of employees: 12

Funding/investors:  $400,000 (2018) 

Expert input

If you had all the money in the world, what’s the one sneaker you would buy or create?

“There are a few shoes that have ‘grail’ status for me. But the one I have always wanted is the Nike x Patta x Parra Air Max 1 - Cherrywood. To get a pair in my size brand new is would cost me between Dh8,000 and Dh 10,000.” Jack Brett

“If I had all the money, I would approach Nike and ask them to do my own Air Force 1, that’s one of my dreams.” Yaseen Benchouche

“There’s nothing out there yet that I’d pay an insane amount for, but I’d love to create my own shoe with Tinker Hatfield and Jordan.” Joshua Cox

“I think I’d buy a defunct footwear brand; I’d like the challenge of reinterpreting a brand’s history and changing options.” Kris Balerite

 “I’d stir up a creative collaboration with designers Martin Margiela of the mixed patchwork sneakers, and Yohji Yamamoto.” Hussain Moloobhoy

“If I had all the money in the world, I’d live somewhere where I’d never have to wear shoes again.” Raj Malhotra

Arabian Gulf League fixtures:

Friday:

  • Emirates v Hatta, 5.15pm
  • Al Wahda v Al Dhafra, 5.25pm
  • Al Ain v Shabab Al Ahli Dubai, 8.15pm

Saturday:

  • Dibba v Ajman, 5.15pm
  • Sharjah v Al Wasl, 5.20pm
  • Al Jazira v Al Nasr, 8.15pm
The specs

AT4 Ultimate, as tested

Engine: 6.2-litre V8

Power: 420hp

Torque: 623Nm

Transmission: 10-speed automatic

Price: From Dh330,800 (Elevation: Dh236,400; AT4: Dh286,800; Denali: Dh345,800)

On sale: Now

What is tokenisation?

Tokenisation refers to the issuance of a blockchain token, which represents a virtually tradable real, tangible asset. A tokenised asset is easily transferable, offers good liquidity, returns and is easily traded on the secondary markets. 

2025 Fifa Club World Cup groups

Group A: Palmeiras, Porto, Al Ahly, Inter Miami.

Group B: Paris Saint-Germain, Atletico Madrid, Botafogo, Seattle.

Group C: Bayern Munich, Auckland City, Boca Juniors, Benfica.

Group D: Flamengo, ES Tunis, Chelsea, Leon.

Group E: River Plate, Urawa, Monterrey, Inter Milan.

Group F: Fluminense, Borussia Dortmund, Ulsan, Mamelodi Sundowns.

Group G: Manchester City, Wydad, Al Ain, Juventus.

Group H: Real Madrid, Al Hilal, Pachuca, Salzburg.

Other promotions
  • Deliveroo will team up with Pineapple Express to offer customers near JLT a special treat: free banana caramel dessert with all orders on January 26
  • Jones the Grocer will have their limited edition Australia Day menu available until the end of the month (January 31)
  • Australian Vet in Abu Dhabi (with locations in Khalifa City A and Reem Island) will have a 15 per cent off all store items (excluding medications) 
FIXTURES

UAE’s remaining fixtures in World Cup qualification R2
Oct 8: Malaysia (h)
Oct 13: Indonesia (a)
Nov 12: Thailand (h)
Nov 17: Vietnam (h)
 

The Little Things

Directed by: John Lee Hancock

Starring: Denzel Washington, Rami Malek, Jared Leto

Four stars

How Voiss turns words to speech

The device has a screen reader or software that monitors what happens on the screen

The screen reader sends the text to the speech synthesiser

This converts to audio whatever it receives from screen reader, so the person can hear what is happening on the screen

A VOISS computer costs between $200 and $250 depending on memory card capacity that ranges from 32GB to 128GB

The speech synthesisers VOISS develops are free

Subsequent computer versions will include improvements such as wireless keyboards

Arabic voice in affordable talking computer to be added next year to English, Portuguese, and Spanish synthesiser

Partnerships planned during Expo 2020 Dubai to add more languages

At least 2.2 billion people globally have a vision impairment or blindness

More than 90 per cent live in developing countries

The Long-term aim of VOISS to reach the technology to people in poor countries with workshops that teach them to build their own device

How much of your income do you need to save?

The more you save, the sooner you can retire. Tuan Phan, a board member of SimplyFI.com, says if you save just 5 per cent of your salary, you can expect to work for another 66 years before you are able to retire without too large a drop in income.

In other words, you will not save enough to retire comfortably. If you save 15 per cent, you can forward to another 43 working years. Up that to 40 per cent of your income, and your remaining working life drops to just 22 years. (see table)

Obviously, this is only a rough guide. How much you save will depend on variables, not least your salary and how much you already have in your pension pot. But it shows what you need to do to achieve financial independence.

 

FIXTURES

Saturday, November 3
Japan v New Zealand
Wales v Scotland
England v South Africa
Ireland v Italy

Saturday, November 10
Italy v Georgia
Scotland v Fiji
England v New Zealand
Wales v Australia
Ireland v Argentina
France v South Africa

Saturday, November 17
Italy v Australia
Wales v Tonga
England v Japan
Scotland v South Africa
Ireland v New Zealand

Saturday, November 24
|Italy v New Zealand
Scotland v Argentina
England v Australia
Wales v South Africa
Ireland v United States
France v Fiji

Our legal consultants

Name: Hassan Mohsen Elhais

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

Other must-tries

Tomato and walnut salad

A lesson in simple, seasonal eating. Wedges of tomato, chunks of cucumber, thinly sliced red onion, coriander or parsley leaves, and perhaps some fresh dill are drizzled with a crushed walnut and garlic dressing. Do consider yourself warned: if you eat this salad in Georgia during the summer months, the tomatoes will be so ripe and flavourful that every tomato you eat from that day forth will taste lacklustre in comparison.

Badrijani nigvzit

A delicious vegetarian snack or starter. It consists of thinly sliced, fried then cooled aubergine smothered with a thick and creamy walnut sauce and folded or rolled. Take note, even though it seems like you should be able to pick these morsels up with your hands, they’re not as durable as they look. A knife and fork is the way to go.

Pkhali

This healthy little dish (a nice antidote to the khachapuri) is usually made with steamed then chopped cabbage, spinach, beetroot or green beans, combined with walnuts, garlic and herbs to make a vegetable pâté or paste. The mix is then often formed into rounds, chilled in the fridge and topped with pomegranate seeds before being served.

The%20specs
%3Cp%3E%3Cstrong%3EEngine%3A%3C%2Fstrong%3E%206.4-litre%20V8%0D%3Cbr%3E%3Cstrong%3ETransmission%3A%20%3C%2Fstrong%3E8-speed%20auto%0D%3Cbr%3E%3Cstrong%3EPower%3A%20%3C%2Fstrong%3E470bhp%0D%3Cbr%3E%3Cstrong%3ETorque%3A%20%3C%2Fstrong%3E637Nm%0D%3Cbr%3E%3Cstrong%3EPrice%3A%20%3C%2Fstrong%3EDh375%2C900%20(estimate)%0D%3Cbr%3E%3Cstrong%3EOn%20sale%3A%3C%2Fstrong%3E%20now%3C%2Fp%3E%0A

'Project Power'

Stars: Jamie Foxx, Joseph Gordon-Levitt, Dominique Fishback

Director: ​Henry Joost and Ariel Schulman

Rating: 3.5/5

Developer: Ubisoft Montreal / Ubisoft Toronto
Publisher: Ubisoft
Platforms: Playstation 4, Xbox One, Windows
​​​​​​​Release Date: April 10

Getting there

The flights

Flydubai operates up to seven flights a week to Helsinki. Return fares to Helsinki from Dubai start from Dh1,545 in Economy and Dh7,560 in Business Class.

The stay

Golden Crown Igloos in Levi offer stays from Dh1,215 per person per night for a superior igloo; www.leviniglut.net 

Panorama Hotel in Levi is conveniently located at the top of Levi fell, a short walk from the gondola. Stays start from Dh292 per night based on two people sharing; www. golevi.fi/en/accommodation/hotel-levi-panorama

Arctic Treehouse Hotel in Rovaniemi offers stays from Dh1,379 per night based on two people sharing; www.arctictreehousehotel.com

Friday's schedule in Madrid

Men's quarter-finals

Novak Djokivic (1) v Marin Cilic (9) from 2pm UAE time

Roger Federer (4) v Dominic Thiem (5) from 7pm

Stefanos Tsitsipas (8) v Alexander Zverev (3) from 9.30pm

Stan Wawrinka v Rafael Nadal (2) from 11.30pm

Women's semi-finals

Belinda Bencic v Simona Halep (3) from 4.30pm

Sloane Stephens (8) v Kiki Bertens (7) from 10pm

Our legal consultants

Name: Hassan Mohsen Elhais

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

Analysis

Members of Syria's Alawite minority community face threat in their heartland after one of the deadliest days in country’s recent history. Read more

Jebel Ali card

1.45pm: Maiden Dh75,000 1,400m

2.15pm: Handicap Dh90,000 1,400m

2.45pm: Maiden Dh75,000 1,000m

3.15pm: Handicap Dh105,000 1,200m

3.45pm: Maiden Dh75,000 1,600m

4.15pm: Handicap Dh105,000 1,600m

4.45pm: Handicap Dh80,000 1,800m

 

The National selections

1.45pm: Cosmic Glow

2.15pm: Karaginsky

2.45pm: Welcome Surprise

3.15pm: Taamol

3.45pm: Rayig

4.15pm: Chiefdom

4.45pm: California Jumbo

SQUADS

South Africa:
JP Duminy (capt), Hashim Amla, Farhaan Behardien, Quinton de Kock (wkt), AB de Villiers, Robbie Frylinck, Beuran Hendricks, David Miller, Mangaliso Mosehle (wkt), Dane Paterson, Aaron Phangiso, Andile Phehlukwayo, Dwaine Pretorius, Tabraiz Shamsi

Bangladesh
Shakib Al Hasan (capt), Imrul Kayes, Liton Das (wkt), Mahmudullah, Mehidy Hasan, Mohammad Saifuddin, Mominul Haque, Mushfiqur Rahim (wkt), Nasir Hossain, Rubel Hossain, Sabbir Rahman, Shafiul Islam, Soumya Sarkar, Taskin Ahmed

Fixtures
Oct 26: Bloemfontein
Oct 29: Potchefstroom

A State of Passion

Directors: Carol Mansour and Muna Khalidi

Stars: Dr Ghassan Abu-Sittah

Rating: 4/5

WORLD RECORD FEES FOR GOALKEEPERS

1) Kepa Arrizabalaga, Athletic Bilbao to Chelsea (£72m)

2) Alisson, Roma to Liverpool (£67m)

3) Ederson, Benfica to Manchester City (£35m)

4) Gianluigi Buffon, Parma to Juventus (£33m)

5) Angelo Peruzzi, Inter Milan to Lazio (£15.7m

Company profile: buybackbazaar.com

Name: buybackbazaar.com

Started: January 2018

Founder(s): Pishu Ganglani and Ricky Husaini

Based: Dubai

Sector: FinTech, micro finance

Initial investment: $1 million

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.”