Obama campaign warns of 'extremist' Republicans



WASHINGTON // US President Barack Obama's 2012 re-election campaign sought to portray the nation's first Republican nomination battle as a victory for "extremist" candidates.

The Iowa caucuses — which saw Mitt Romney, the former Massachusetts governor, edge out the former Pennsylvania senator Rick Santorum by eight votes — launched the battle to deny Mr Obama a second term.

In keeping with its previous line of attack, the Obama campaign's manager Jim Messina said in a statement that the "extremist Tea Party agenda won a clear victory" shortly after the results were announced.

"No matter who the Republicans nominate, we'll be running against someone who has embraced that agenda in order to win — vowing to let Wall Street write its own rules, end Medicare as we know it, roll back gay rights, leave the troops in Iraq indefinitely, restrict a woman's right to choose, and gut Social Security to pay for more tax cuts for millionaires and corporations."

Mr Messina also warned of "unprecedented" spending by outside groups on campaign ads and urged the president's supporters to step up donations and on the ground organising ahead of the November vote.

"Watching the circus on TV, it's tempting to think it's almost funny — but this is not a joke. We've got to be ready," Mr Messina said.

Mr Obama — weighed down by the sputtering economy and lingering high unemployment, faces a tough re-election battle with the eventual nominee.

Mr Romney has been a front-runner for months, but nearly all the other candidates have at some point cycled to the front of the pack as wavering Republicans have sought a more conservative alternative.

Mr Santorum, an ardent social conservative strongly opposed to abortion and gay marriage who had lingered in the second tier of candidates up until just a few days ago, was nearly able to defeat Mr Romney in Iowa after running an intense campaign in the state.

Fund-raising tips for start-ups

Develop an innovative business concept

Have the ability to differentiate yourself from competitors

Put in place a business continuity plan after Covid-19

Prepare for the worst-case scenario (further lockdowns, long wait for a vaccine, etc.) 

Have enough cash to stay afloat for the next 12 to 18 months

Be creative and innovative to reduce expenses

Be prepared to use Covid-19 as an opportunity for your business

* Tips from Jassim Al Marzooqi and Walid Hanna

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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.

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Based: Gaza
Sectors: Internet, e-commerce
Investments: Grants/private funding
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Based: Dubai
Founders: Alhaan Ahmed, Alyina Ahmed and Maximo Tettamanzi
Sector: Sustainability
Total funding: Self funded
Number of employees: 4
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Mbark Boussoufa, Morocco

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COMPANY%20PROFILE%20
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Name: Rain Management

Year started: 2017

Based: Bahrain

Employees: 100-120

Amount raised: $2.5m from BitMex Ventures and Blockwater. Another $6m raised from MEVP, Coinbase, Vision Ventures, CMT, Jimco and DIFC Fintech Fund