NEWTOWN, CONNECTICUT // Barack Obama, the US president, speaking alone on a spare stage for a nation in sorrow, declared that he will use "whatever power" he has to prevent shootings like the Connecticut school massacre.
"What choice do we have?" Obama said at an evening vigil in the shattered community of Newtown, Connecticut. "Are we really prepared to say that we're powerless in the face of such carnage, that the politics are too hard? Are we prepared to say that such violence visited on our children year after year after year is somehow the price of our freedom?"
For Mr Obama, that was an unmistakable sign that he would at least attempt to take on the explosive issue of gun control. He made clear that the deaths compelled the United States to act, and that he was the leader of a nation that was failing to keep its children safe. He spoke of a broader effort, never outlining exactly what he would push for, but expressed outrage by yet another shooting rampage.
"Surely we can do better than this," he said. "We have an obligation to try."
The massacre of 26 children and adults at Sandy Hook Elementary on Friday elicited horror around the world, soul-searching in the United States, fresh political debate and questions about the incomprehensible - what drove the 20-year-old suspect to kill his mother and then unleash gunfire on children.
A total of 6 adults and 20 boys and girls ages six and seven were slaughtered.
Mr Obama told Connecticut Govenor Dannel Malloy that Friday was the most difficult day of his presidency. The president has two daughters, Malia and Sasha, who are 14 and 11, respectively.
"Can we say that we're truly doing enough to give all the children of this country the chance they deserve to live out their lives in happiness and with purpose? I've been reflecting on this the last few days," the president said, sombre and steady in his voice. "And if we're honest with ourselves, the answer is no. We're not doing enough and we will have to change."
He promised in the coming weeks to talk with law enforcement, mental health professionals, parents and educators on an effort to prevent mass shootings.
The shootings have restarted a debate in Washington about what politicians can to do help - gun control or otherwise. Obama has called for "meaningful action" to prevent killings.
Democratic lawmakers said yesterday that military-style assault weapons should be banned and that a national commission should be established to examine mass shootings in the US
Mr Obama and Senate Democrats have not pushed for new gun controls since rising to power in the 2008 elections. Outspoken advocates for stricter laws, including Senator Dianne Feinstein, say that's because of the powerful sway of the National Rifle Association, the gun owners' lobby.
But gun control advocates also say the latest shooting is a tipping point that could change the dynamic of the debate. Feinstein said she will propose legislation next year that would ban big clips, drums and strips of more than 10 bullets.
Near the start of his remarks, Mr Obama read the names of the adults who died. He finished by reading the first names of the kids, slowly, in the most wrenching moment of the night.
Cries and sobs filled the room.
"That's when it really hit home," said Jose Sabillon, who attended the interfaith memorial with his son, Nick, a fourth-grader who survived the shooting unharmed.
Said Obama of the girls and boys who died: "God has called them all home. For those of us who remain, let us find the strength to carry on and make our country worthy of their memory."
Inside the room, children held stuffed teddy bears and dogs. The smallest kids sat on their parents' laps.
There were tears and hugs, but also smiles and squeezed arms. Mixed with disbelief was a sense of a community reacquainting itself all at once.
One man said it was less mournful, more familial. Some kids chatted easily with their friends. The adults embraced each other in support.
"We're halfway between grief and hope," said Curt Brantl, whose daughter was in the library of the elementary school when the shootings occurred. She was not harmed.
The president first met privately with families of the victims and with the emergency personnel who responded to the shootings. The gathering happened at Newtown High School, the site of Sunday night's interfaith vigil, about a mile and a half from where the shootings took place.
Police and firefighters got hugs and standing ovations when they entered. So did Mr Obama.
"We needed this," said the Rev. Matt Crebbin, senior minister of the Newtown Congregational Church. "We needed to be together to show that we are together and united."
Police say the gunman, Adam Lanza, was carrying an arsenal of ammunition big enough to kill just about every student in the school if given enough time. He shot himself in the head just as he heard police drawing near, authorities said.
"There was a lot of ammo, a lot of clips," said state police Lt. Paul Vance. "Certainly a lot of lives were potentially saved."
The chief medical examiner has said the ammunition was the type designed to break up inside a victim's body and inflict the maximum amount of damage, tearing apart bone and tissue.
A Connecticut official said the gunman's mother was found dead in her pyjamas in bed, shot four times in the head with a. 22-calibre rifle. The killer then went to the school with guns he took from his mother and began blasting his way through the building.
All the victims at the school were shot with the rifle, at least some of them up close, and all were apparently shot more than once, Chief Medical Examiner Dr H. Wayne Carver said. There were as many as 11 shots on the bodies he examined.
Investigators have offered no motive for the shooting. A law enforcement official, speaking on condition of anonymity, said investigators are reviewing the contents of Lanza's computer, as well as phone and credit card records in an effort to piece together his activities leading up to the shooting. The official was not authorised to discuss the details of the case.
Mr Obama said his words of comfort would not be enough, but he brought them anyway, on behalf of parents everywhere now holding their children tighter.
"I can only hope that it helps for you to know," he said, "that you are not alone in your grief."
Batti Gul Meter Chalu
Producers: KRTI Productions, T-Series
Director: Sree Narayan Singh
Cast: Shahid Kapoor, Shraddha Kapoor, Divyenndu Sharma, Yami Gautam
Rating: 2/5
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If you go
Where to stay: Courtyard by Marriott Titusville Kennedy Space Centre has unparalleled views of the Indian River. Alligators can be spotted from hotel room balconies, as can several rocket launch sites. The hotel also boasts cool space-themed decor.
When to go: Florida is best experienced during the winter months, from November to May, before the humidity kicks in.
How to get there: Emirates currently flies from Dubai to Orlando five times a week.
'Nope'
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Company%20profile
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Libya's Gold
UN Panel of Experts found regime secretly sold a fifth of the country's gold reserves.
The panel’s 2017 report followed a trail to West Africa where large sums of cash and gold were hidden by Abdullah Al Senussi, Qaddafi’s former intelligence chief, in 2011.
Cases filled with cash that was said to amount to $560m in 100 dollar notes, that was kept by a group of Libyans in Ouagadougou, Burkina Faso.
A second stash was said to have been held in Accra, Ghana, inside boxes at the local offices of an international human rights organisation based in France.
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Low turnout
Two months before the first round on April 10, the appetite of voters for the election is low.
Mathieu Gallard, account manager with Ipsos, which conducted the most recent poll, said current forecasts suggested only two-thirds were "very likely" to vote in the first round, compared with a 78 per cent turnout in the 2017 presidential elections.
"It depends on how interesting the campaign is on their main concerns," he told The National. "Just now, it's hard to say who, between Macron and the candidates of the right, would be most affected by a low turnout."
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
The specs
Engine: Long-range single or dual motor with 200kW or 400kW battery
Transmission: Single-speed automatic
Max touring range: 620km / 590km
Price: From Dh250,000 (estimated)
The specs
Engine: 2-litre or 3-litre 4Motion all-wheel-drive Power: 250Nm (2-litre); 340 (3-litre) Torque: 450Nm Transmission: 8-speed automatic Starting price: From Dh212,000 On sale: Now
THE BIO
Favourite car: Koenigsegg Agera RS or Renault Trezor concept car.
Favourite book: I Am Pilgrim by Terry Hayes or Red Notice by Bill Browder.
Biggest inspiration: My husband Nik. He really got me through a lot with his positivity.
Favourite holiday destination: Being at home in Australia, as I travel all over the world for work. It’s great to just hang out with my husband and family.
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Price, base / as tested From Dh173,775 (base model)
Engine 2.0-litre 4cyl turbo, AWD
Power 249hp at 5,500rpm
Torque 365Nm at 1,300-4,500rpm
Gearbox Nine-speed auto
Fuel economy, combined 7.9L/100km
The Buckingham Murders
Starring: Kareena Kapoor Khan, Ash Tandon, Prabhleen Sandhu
Director: Hansal Mehta
Rating: 4 / 5
What is double taxation?
- Americans living abroad file taxes with the Internal Revenue Service, which can cost hundreds of dollars to complete even though about 60 per cent do not owe taxes, according to the Taxpayer Advocate Service
- Those obligations apply to millions of Americans residing overseas – estimates range from 3.9 million to 5.5 million – including so-called "accidental Americans" who are unaware they hold dual citizenship
- The double taxation policy has been a contentious issue for decades, with many overseas Americans feeling that it punishes them for pursuing opportunities abroad
- Unlike most countries, the US follows a citizenship-based taxation system, meaning that Americans must file taxes annually, even if they do not earn any income in the US.
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.”
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Company%20Profile
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Stree
Producer: Maddock Films, Jio Movies
Director: Amar Kaushik
Cast: Rajkummar Rao, Shraddha Kapoor, Pankaj Tripathi, Aparshakti Khurana, Abhishek Banerjee
Rating: 3.5
APPLE IPAD MINI (A17 PRO)
Display: 21cm Liquid Retina Display, 2266 x 1488, 326ppi, 500 nits
Chip: Apple A17 Pro, 6-core CPU, 5-core GPU, 16-core Neural Engine
Storage: 128/256/512GB
Main camera: 12MP wide, f/1.8, digital zoom up to 5x, Smart HDR 4
Front camera: 12MP ultra-wide, f/2.4, Smart HDR 4, full-HD @ 25/30/60fps
Biometrics: Touch ID, Face ID
Colours: Blue, purple, space grey, starlight
In the box: iPad mini, USB-C cable, 20W USB-C power adapter
Price: From Dh2,099
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Diriyah%20project%20at%20a%20glance
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Coming soon
Torno Subito by Massimo Bottura
When the W Dubai – The Palm hotel opens at the end of this year, one of the highlights will be Massimo Bottura’s new restaurant, Torno Subito, which promises “to take guests on a journey back to 1960s Italy”. It is the three Michelinstarred chef’s first venture in Dubai and should be every bit as ambitious as you would expect from the man whose restaurant in Italy, Osteria Francescana, was crowned number one in this year’s list of the World’s 50 Best Restaurants.
Akira Back Dubai
Another exciting opening at the W Dubai – The Palm hotel is South Korean chef Akira Back’s new restaurant, which will continue to showcase some of the finest Asian food in the world. Back, whose Seoul restaurant, Dosa, won a Michelin star last year, describes his menu as, “an innovative Japanese cuisine prepared with a Korean accent”.
Dinner by Heston Blumenthal
The highly experimental chef, whose dishes are as much about spectacle as taste, opens his first restaurant in Dubai next year. Housed at The Royal Atlantis Resort & Residences, Dinner by Heston Blumenthal will feature contemporary twists on recipes that date back to the 1300s, including goats’ milk cheesecake. Always remember with a Blumenthal dish: nothing is quite as it seems.
