'Presidential debate showes two visions of US'

October 11, 2016

Jeddah, Oct 11: The second US presidential debate on Sunday between Donald Trump and Hillary Clinton left Arab analysts astonished “as it displayed two different Americas.”

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Jordan's former Information Minister Saleh Al-Qallab said Clinton performed well.

“She made some very good points against Trump, and if she wins — and I hope she does — it will be good for Syria and the entire Middle East,” he told Arab News from Amman on Tuesday.
Al-Qallab felt Trump seems to incline toward Russian President Vladimir Putin when it comes to Syria.

“To me, there were clear signs during the course of the debate that Trump wants to hedge his bets on Russia ... He is going over to Russia,” he said. “No worry, he is not going to win.”

Al-Qallab said the world is once again divided between the East and the West, just like it was during the Cold War.

Clinton was “very clear” in her opposition to Russia. “She is not going to be like US President Barack Obama who turned out to be very, very weak,” he said. “Clinton is not going to treat Russia like Obama did. She is going to be tough.”

Al-Qallab's verdict: “Clinton won. Trump fought hard, but in the end, he was defeated.”

Joyce Karam, Al-Hayat's Washington bureau chief, told Arab News that there were two visions of America on display on Sunday night, “one of Trump and the other of Clinton.”

She felt Trump “did better stylistically” when compared to the first debate. “However, that was not enough for him to deliver the knockout blow to Clinton,” she said. “He needed a knockout to rebalance his position in the race.”

She said there were stark differences between the two nominees on the many issues that endanger the US and the rest of the world. “Take the Middle East, for example, and look how they are viewing what is happening in Syria,” she said. “It was astonishing to see Trump actually describing the bombardment and the razing of Aleppo as fighting ISIS.”

She was equally shocked by Trump's defending Russia in the hacking controversy.

“This comes two days after the US intelligence had officially confirmed that Russia is involved in the hacking,” she said.

“When they asked him about Syria, and the need to meet Russian provocations with US strength and military force, as advocated by his running mate (Mike Pence), Trump said, ‘I haven't spoken to him recently. Right now, Syria is fighting ISIS.'”

For Karam, that was a revealing moment of the debate. “This shows how stubborn Trump is and how detached he is from the foreign policy reality and national security interests of the United States.”

According to her, people are surprised that a US presidential nominee should be in the same camp as Assad and Russia “at a time when the US has just launched an investigation into Russian war crimes in Aleppo.”

She said if Trump actually wins, that could lead to the US going into the Russian-Iranian camp over Syria. “That would be unprecedented in US foreign policy.”

She admitted that Trump did criticize the Iran nuclear deal. “But then there is no consistency in his foreign policy outlook. He says a lot of things that could ring well with his voters, but there is no real strategy, no clear outlook on how he defines US national security in the Middle East.”

Karam's verdict: “It was actually a draw. I don't think anybody emerged as a winner on Sunday night.”

Maha Akeel, a Jeddah-based Saudi journalist, said she did not like either candidate.

“But, if I have to choose, it would be Clinton because she is tough, experienced, smart and knows the issues, and you can tell that from her answers,” she said.

If she makes history as the first female US president “this will be good for women and girls around the world, especially since she is an advocate of women's rights and empowerment,” said Akeel.

Akeel's verdict: “I am not sure, but Trump did better this time.”

Alaa Abdel Ghani, former deputy editor-in-chief of Ahram Weekly, described the debate as “dirty.”

“We watched the debate with amusement and also disbelief as one candidate tells the other that if he becomes the president, he would put the other in jail. We have not seen anything like this before,” he told Arab News from Cairo. “I don't think it ever happened in US election history.

He rued the fact that nobody talked about the real issues that concern ordinary Americans, such as economy and health care.

“This was supposed to be a debate in which the people of the United States were supposed to participate; they were supposed to ask questions and seek answers. But since the focus was too much on the past history of Bill Clinton and his liaison with other women, and the infamous Trump tape, there was very little time for people to ask questions about their future and the future of America,” he said.

Ghani's verdict: “No clear winner.”

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News Network
June 24,2020

Geneva, Jun 24: The global cumulative count of confirmed coronavirus cases is approaching nine million, with 133,326 cases recorded over the past day, the World Health Organisation (WHO) said in its daily situation report on Tuesday.

Over the past 24 hours, 3,847 people died from COVID-19 worldwide, taking the cumulative death toll to 469,587 fatalities, according to the report.

The global case total has now reached 8,993,659.

The Americas still account for the majority of cases and deaths -- 4.4 million and 224,207, respectively.

The United States remains the country with the highest count of cases and fatalities -- 2.3 million and 119,761, respectively.

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News Network
July 27,2020

Tokyo, Jul 27: Gold hit an all-time high on Monday as tit-for-tat consulate closures in China and the United States rattled investors, boosting the allure of safe-haven assets, although sentiment was mixed with tech gains supporting some Asian stocks.

MSCI's ex-Japan Asia-Pacific index rose 1.3 percent as Taiwan's TSMC, Asia's third-largest company by market capitalisation, rose almost 10 percent.

The chipmaker's gains boosted other tech stocks in the region and came after rival Intel signalled it may give up manufacturing its own components due to delays in new 7-nanometer chip technology.

Also soothing sentiment, Chinese shares eked out gains after big falls late last week, with CSI300 index rising 0.5 percent.

S&P500 futures were last up 0.4 percent in choppy trade while Japan's Nikkei fell 0.5 percent, resuming trade after a long weekend and catching up with falls in global shares late last week.

Global shares had lost steam last week after Washington ordered China's consulate in Houston to close, prompting Beijing to react in kind by closing the US consulate in Chengdu.

US Secretary of State Mike Pompeo took fresh aim at China last week, saying Washington and its allies must use "more creative and assertive ways" to press the Chinese Communist Party to change its ways.

"US President (Donald) Trump used to say China's President Xi Jinping is a great leader. But now Pompeo's wording is becoming so aggressive that markets are starting to worry about further escalation," said Norihiro Fujito, chief investment strategist at Mitsubishi Securities.

Gold rose 1.0 percent to a record high of $1,920.9 per ounce, surpassing a peak touched in September 2011, as Sino-US tensions boosted the allure of safe-haven assets, especially those not tied to any specific country.

The yellow metal is also helped by aggressive monetary easing adopted by many central banks around the world since the pandemic plunged the global economy into a recession.

Some investors fret such an unprecedented level of money-printing could eventually lead to inflation.

MORE STIMULUS

Hopes of a quick US economic recovery are fading as coronavirus infections showed few signs of slowing.

That means the economy could capitulate without fresh support from the government, with some of earlier steps such as enhanced jobless benefits due to expire this month.

Investors hope US Congress will agree on a deal before its summer recess but there are some sticking points including the size of the stimulus and enhanced unemployment benefits.

US Treasury Secretary Steve Mnuchin said the package will contain extended unemployment benefits with 70 percent "wage replacement".

Democrats, who control the House of Representatives, want enhanced benefits of $600 per week to be extended and look to much bigger stimulus compared with the Republicans' $1 trillion plan.

Investors are looking to corporate earnings from around the world for hints on the pace of recovery in the global economy.

"It looks like rising coronavirus cases are starting to slow down recovery in many countries," said Masahiro Ichikawa, senior strategist at Sumitomo Mitsui DS Asset Management.

Concerns about the US economic outlook started to weigh on the dollar, reversing its inverse correlation with the economic well-being over the past few months.

The dollar index dropped 0.3 percent to its lowest level in nearly two years.

The euro gained 0.3 percent to $1.1693, hitting a 22-month high of $1.16590 as sentiment on the common currency improved after European leaders reached a deal on a recovery fund in a major step towards more fiscal co-operation.

Against the yen, the dollar slipped 0.5 percent to 105.605 yen, a four-month low while the British pound hit a 4 1/2-month high of $1.2832.

Oil prices dipped on worries about the worsening Sino-US relations.

Brent futures fell 0.46 percent to $43.14 per barrel while US crude futures lost 0.44 percent to $41.11.

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News Network
April 13,2020

Vienna, Apr 13: Top oil-producing countries agreed on "historic" output cuts to prop up prices hammered by the coronavirus crisis and a Russia-Saudi price war, sending crude prices soaring on Monday.

The US benchmark WTI climbed 7.7 percent to $24.52 a barrel in early Asian trade while Brent was up 5.0 percent at $33.08.

OPEC producers dominated by Saudi Arabia and allies led by Russia thrashed out a compromise deal via videoconference Sunday after Mexico had balked at an earlier agreement struck on Friday.

In the compromise reached Sunday they agreed to a cut of 9.7 million barrels per day from May, according to Mexican Energy Minister Rocio Nahle, down slightly from 10 million barrels a day envisioned earlier.

OPEC Secretary General Mohammad Barkindo called the cuts "historic".

"They are largest in volume and the longest in duration, as they are planned to last for two years," he said.

The agreement between the Vienna-based Organization of the Petroleum Exporting Countries and partners foresees deep output cuts in May and June followed by a gradual reduction in cuts until April 2022.

Barkindo added that the deal "paved the way for a global alliance with the participation of the G20".

Saudi Energy Minister Prince Abdulaziz bin Salman, who chaired the meeting together with his Russian and Algerian counterparts, also confirmed that the discussions "ended with consensus".

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