WASHINGTON // Mitt Romney, a former governor of the state of Massachusetts, has won the Republican primary in neighbouring New Hampshire to cement his position as the favourite to win his party’s nomination to challenge Barack Obama, the US president, later this year.
With 281 out of 301 precincts counted, Mr Romney has secured 40 per cent of the vote, well ahead of second-placed Ron Paul, a Texas congressman, on 23 per cent, and Jon Huntsman, the former governor of Utah, who came third with 17 per cent.
Newt Gingrich, formerly the leader of the US House of Representatives, came in fourth with 10 per cent of the vote, just ahead of Rick Santorum, the former governor of Pennsylvania who had run Mr Romney close in Iowa, but came a distant fifth with nine per cent here.
“Thank you New Hampshire,” Mr Romney told supporters last night at his campaign headquarters in Manchester. “Tonight we made history…. Tonight we celebrate, tomorrow we go back to work.”
Mr Romney is the first Republican to win the first two nominating contests of a presidential campaign since 1975, and his victory in New Hampshire was never in doubt. He had a strong presence in the state and his popularity in nearby Massachusetts spilled over.
The only question was the margin of victory, and he will be content that a comfortable victory has put him in a strong position going into South Carolina, where the next primary is held. Mr Romney leads the polls there, but the state is more conservative and affiliation to the Mormon church is more controversial.
His rivals are in some disarray, however. Having secured 21 per cent of the vote in Iowa and now 23, Mr Paul is the only one of the Republican field showing any kind of consistency and before a typically fervent crowd of supporters – who kept interrupting the Texas libertarian with chants of “Ron Paul, revolution, bring us back our constitution” - Mr Paul Tuesday called his second place a “victory for liberty”.
“There is no way they are going to stop the momentum that we have started.”
Jon Huntsman, a former ambassador to China, came in third in the first race he has really contested, and said he would fight on in South Carolina. But he will be disappointed that he could not secure second place and, with most of his support from the moderate wing of the Republican Party, will likely struggle among the conservative base that comes into play in South Carolina.
Newt Gingrich needs to reverse his fortunes in South Carolina. Mr Gingrich has consistently looked strong in Republican debates, but has failed to translate those performances into votes and is badly faltering.
Mr Gingrich vowed to fight on in South Carolina, telling supporters it would take someone “capable of debating Obama face to face” to win the presidency. But he will look to South Carolina to provide him a reason to continue.
Mr Santorum, who garnered the evangelical Christian vote in Iowa to propel him to within eight votes of Mr Romney there, will also hope to bring back some energy to his campaign in South Carolina. And though he managed to secure more votes than projected in New Hampshire, the nine per cent he won here has not really furnished his campaign with much momentum.
okarmi@thenational.ae
This article was corrected on January 11, 2012 to reflect the fact Ron Paul is a Texas congressman not the state governor as previously stated
Jigra
Starring: Alia Bhatt, Vedang Raina, Manoj Pahwa, Harsh Singh
COMPANY PROFILE
Name: Almnssa
Started: August 2020
Founder: Areej Selmi
Based: Gaza
Sectors: Internet, e-commerce
Investments: Grants/private funding
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Director: Christian Carion
Starring: James McAvoy, Claire Foy, Tom Cullen, Gary Lewis
Rating: 2/5
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What are NFTs?
Are non-fungible tokens a currency, asset, or a licensing instrument? Arnab Das, global market strategist EMEA at Invesco, says they are mix of all of three.
You can buy, hold and use NFTs just like US dollars and Bitcoins. “They can appreciate in value and even produce cash flows.”
However, while money is fungible, NFTs are not. “One Bitcoin, dollar, euro or dirham is largely indistinguishable from the next. Nothing ties a dollar bill to a particular owner, for example. Nor does it tie you to to any goods, services or assets you bought with that currency. In contrast, NFTs confer specific ownership,” Mr Das says.
This makes NFTs closer to a piece of intellectual property such as a work of art or licence, as you can claim royalties or profit by exchanging it at a higher value later, Mr Das says. “They could provide a sustainable income stream.”
This income will depend on future demand and use, which makes NFTs difficult to value. “However, there is a credible use case for many forms of intellectual property, notably art, songs, videos,” Mr Das says.
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Torque: 230Nm
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Mohammed bin Zayed Majlis
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Tips on buying property during a pandemic
Islay Robinson, group chief executive of mortgage broker Enness Global, offers his advice on buying property in today's market.
While many have been quick to call a market collapse, this simply isn’t what we’re seeing on the ground. Many pockets of the global property market, including London and the UAE, continue to be compelling locations to invest in real estate.
While an air of uncertainty remains, the outlook is far better than anyone could have predicted. However, it is still important to consider the wider threat posed by Covid-19 when buying bricks and mortar.
Anything with outside space, gardens and private entrances is a must and these property features will see your investment keep its value should the pandemic drag on. In contrast, flats and particularly high-rise developments are falling in popularity and investors should avoid them at all costs.
Attractive investment property can be hard to find amid strong demand and heightened buyer activity. When you do find one, be prepared to move hard and fast to secure it. If you have your finances in order, this shouldn’t be an issue.
Lenders continue to lend and rates remain at an all-time low, so utilise this. There is no point in tying up cash when you can keep this liquidity to maximise other opportunities.
Keep your head and, as always when investing, take the long-term view. External factors such as coronavirus or Brexit will present challenges in the short-term, but the long-term outlook remains strong.
Finally, keep an eye on your currency. Whenever currency fluctuations favour foreign buyers, you can bet that demand will increase, as they act to secure what is essentially a discounted property.
COMPANY PROFILE
Initial investment: Undisclosed
Investment stage: Series A
Investors: Core42
Current number of staff: 47
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.
Company%20Profile
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COMPANY PROFILE
Name: HyperSpace
Started: 2020
Founders: Alexander Heller, Rama Allen and Desi Gonzalez
Based: Dubai, UAE
Sector: Entertainment
Number of staff: 210
Investment raised: $75 million from investors including Galaxy Interactive, Riyadh Season, Sega Ventures and Apis Venture Partners
THE DETAILS
Director: Milan Jhaveri
Producer: Emmay Entertainment and T-Series
Cast: John Abraham, Manoj Bajpayee
Rating: 2/5
What are the GCSE grade equivalents?
- Grade 9 = above an A*
- Grade 8 = between grades A* and A
- Grade 7 = grade A
- Grade 6 = just above a grade B
- Grade 5 = between grades B and C
- Grade 4 = grade C
- Grade 3 = between grades D and E
- Grade 2 = between grades E and F
- Grade 1 = between grades F and G
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TWISTERS
Director: Lee Isaac Chung
Starring: Glen Powell, Daisy Edgar-Jones, Anthony Ramos
Rating: 2.5/5