US political organisations, supporters and interested parties spent more than US$5.8 billion (Dh21.3bn) during the 2012 election season and what did that expenditure achieve? The political deadlock of the past four years has been replaced by a return to political deadlock and President Barack Obama will have to work tirelessly to forge the necessary bipartisan agreements to solve his nation's $16 trillion debt problem.
That multibillion campaign figure, calculated by the Open Secrets website, includes all spending on presidential, senate and house elections and represents an increase from 2008's figure of $5.2bn. Eight years before that, election spending amounted to a relatively trim $3bn.
Much post-election talk has focused on how - despite Mitt Romney's assertion that he left everything on the field - the Republican Party dropped the ball in what had been deemed a winnable contest.
History does not fully support that idea. In truth, the vast majority of elected incumbent presidents, Republican or Democrat, are returned to office if they seek a second term. Jimmy Carter and George HW Bush are the only post-war exceptions to that rule and both came up against extraordinary challengers (Ronald Reagan and Bill Clinton, respectively) whose charisma proved impossible for the American public to resist. Romney is many things – his concession speech last week revealed him as a man of great dignity and grace – but few would ever put him in the same political bracket as either of those historical giants.
Analysts also point to the Republican Party's failure to keep up with the changing face of American voters, but that does not provide a wholly satisfactory answer to the final result either.
Presidential elections are no longer nationwide contests in the conventional sense. The political map may chart the boundaries of 50 states plus the District of Columbia, but victory requires a successful outcome in only a handful of battleground states and only a smattering of precincts within those territories. Run a successful micro-campaign and you win, or "lose Ohio, lose the race", as the equation latterly became for Romney.
This political reality will not have been lost on the longlist of candidates who are already being pushed to the front of the stage by Republican Party activists keen to reclaim control of the White House in 2016.
Several of those names are familiar: Paul Ryan, Sarah Palin, Condoleezza Rice and Jeb Bush are all considered credible candidates. Several others are relative long shots: Marco Rubio is young and would help his party tap into the now-vital Hispanic vote. Both Chris Christie and Bobby Jindal are viewed as governors to watch in New Jersey and Louisiana, respectively, while Scott Walker is also deemed a strong performer in Wisconsin. The campaign to find the man to represent the party will begin in earnest in two years' time, after congressional midterm elections condemn Obama to "lame duck" status in the White House.
That there is even a tentative discussion about such matters only days after the conclusion of the most expensive election ever shows the time is ripe to calm the incessant hum of campaigning. Currently, the beauty of the election system in the US is also its biggest undoing.
The gladiatorial nature of campaigning encourages spending on an industrial scale and effectively condemns the US to a long period of stasis. The campaign becomes more important than the issues being debated.
A far better solution would be to cap expenditure and cut the amount of time candidates can spend on the road (like in many other parts of the world), allowing both Congress and the president to get on with the business of rescuing the world's largest economy.
Not only would that break an endless cycle, it might also stimulate some fresh thinking about America's many problems.
* Nick March
Thank You for Banking with Us
Director: Laila Abbas
Starring: Yasmine Al Massri, Clara Khoury, Kamel El Basha, Ashraf Barhoum
Rating: 4/5
Cricket World Cup League 2
UAE squad
Rahul Chopra (captain), Aayan Afzal Khan, Ali Naseer, Aryansh Sharma, Basil Hameed, Dhruv Parashar, Junaid Siddique, Muhammad Farooq, Muhammad Jawadullah, Muhammad Waseem, Omid Rahman, Rahul Bhatia, Tanish Suri, Vishnu Sukumaran, Vriitya Aravind
Fixtures
Friday, November 1 – Oman v UAE
Sunday, November 3 – UAE v Netherlands
Thursday, November 7 – UAE v Oman
Saturday, November 9 – Netherlands v UAE
COMPANY%20PROFILE%20
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Meydan race card
6.30pm: Maiden Dh 165,000 1,600m
7.05pm: Handicap Dh 185,000 2,000m
7.40pm: Maiden Dh 165,000 1,600m
8.15pm: Handicap Dh 190,000 1,400m
8.50pm: Handicap Dh 175,000 1,600m
9.25pm: Handicap Dh 175,000 1,200m
10pm: Handicap Dh 165,000 1,600m
Sunday's games
All times UAE:
Tottenham Hotspur v Crystal Palace, 4pm
Manchester City v Arsenal, 6.15pm
Everton v Watford, 8.30pm
Chelsea v Manchester United, 8.30pm
Sholto Byrnes on Myanmar politics
Moon Music
Artist: Coldplay
Label: Parlophone/Atlantic
Number of tracks: 10
Rating: 3/5
THE BIO
Favourite place to go to in the UAE: The desert sand dunes, just after some rain
Who inspires you: Anybody with new and smart ideas, challenging questions, an open mind and a positive attitude
Where would you like to retire: Most probably in my home country, Hungary, but with frequent returns to the UAE
Favorite book: A book by Transilvanian author, Albert Wass, entitled ‘Sword and Reap’ (Kard es Kasza) - not really known internationally
Favourite subjects in school: Mathematics and science
Company%20Profile
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The specs: Volvo XC40
Price: base / as tested: Dh185,000
Engine: 2.0-litre, turbocharged in-line four-cylinder
Gearbox: Eight-speed automatic
Power: 250hp @ 5,500rpm
Torque: 350Nm @ 1,500rpm
Fuel economy, combined: 10.4L / 100km
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Bawaal%20
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Singham Again
Director: Rohit Shetty
Stars: Ajay Devgn, Kareena Kapoor Khan, Ranveer Singh, Akshay Kumar, Tiger Shroff, Deepika Padukone
Rating: 3/5
Company%20Profile
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EA Sports FC 25
Developer: EA Vancouver, EA Romania
Publisher: EA Sports
Consoles: Nintendo Switch, PlayStation 4&5, Xbox One and Xbox Series X/S
Rating: 3.5/5
Company%20Profile
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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
OIL PLEDGE
At the start of Russia's invasion, IEA member countries held 1.5 billion barrels in public reserves and about 575 million barrels under obligations with industry, according to the agency's website. The two collective actions of the IEA this year of 62.7 million barrels, which was agreed on March 1, and this week's 120 million barrels amount to 9 per cent of total emergency reserves, it added.
Match statistics
Abu Dhabi Harlequins 36 Bahrain 32
Harlequins
Tries: Penalty 2, Stevenson, Teasdale, Semple
Cons: Stevenson 2
Pens: Stevenson
Bahrain
Tries: Wallace 2, Heath, Evans, Behan
Cons: Radley 2
Pen: Radley
Man of the match: Craig Nutt (Harlequins)
The specs
Engine: 77.4kW all-wheel-drive dual motor
Power: 320bhp
Torque: 605Nm
Transmission: Single-speed automatic
Price: From Dh219,000
On sale: Now
Apple%20Mac%20through%20the%20years
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The%20specs
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Bugatti Chiron Super Sport - the specs:
Engine: 8.0-litre quad-turbo W16
Transmission: 7-speed DSG auto
Power: 1,600hp
Torque: 1,600Nm
0-100kph in 2.4seconds
0-200kph in 5.8 seconds
0-300kph in 12.1 seconds
Top speed: 440kph
Price: Dh13,200,000
Bugatti Chiron Pur Sport - the specs:
Engine: 8.0-litre quad-turbo W16
Transmission: 7-speed DSG auto
Power: 1,500hp
Torque: 1,600Nm
0-100kph in 2.3 seconds
0-200kph in 5.5 seconds
0-300kph in 11.8 seconds
Top speed: 350kph
Price: Dh13,600,000
COMPANY PROFILE
● Company: Bidzi
● Started: 2024
● Founders: Akshay Dosaj and Asif Rashid
● Based: Dubai, UAE
● Industry: M&A
● Funding size: Bootstrapped
● No of employees: Nine