IMF approves $1.5m loan to Bangladesh    China in advanced talks to join Digital Economy Partnership Agreement    Contact Financial completes first securitization issuance of 2024 valued at EGP 1.04bn    Egypt's annual inflation declines to 31.8% in April – CAPMAS    Chimps learn and improve tool-using skills even as adults    13 Million Egyptians receive screenings for chronic, kidney diseases    Al-Mashat invites Dutch firms to Egypt-EU investment conference in June    Asian shares steady on solid China trade data    Trade Minister, Building Materials Chamber forge development path for Shaq El-Thu'ban region    Cairo mediation inches closer to Gaza ceasefire amidst tensions in Rafah    Taiwan's exports rise 4.3% in April Y-Y    Microsoft closes down Nigeria's Africa Development Centre    Global mobile banking malware surges 32% in 2023: Kaspersky    Mystery Group Claims Murder of Businessman With Alleged Israeli Ties    Egypt, World Bank evaluate 'Managing Air Pollution, Climate Change in Greater Cairo' project    US Embassy in Cairo announces Egyptian-American musical fusion tour    Japanese Ambassador presents Certificate of Appreciation to renowned Opera singer Reda El-Wakil    Sweilam highlights Egypt's water needs, cooperation efforts during Baghdad Conference    AstraZeneca injects $50m in Egypt over four years    Egypt, AstraZeneca sign liver cancer MoU    Swiss freeze on Russian assets dwindles to $6.36b in '23    Amir Karara reflects on 'Beit Al-Rifai' success, aspires for future collaborations    Climate change risks 70% of global workforce – ILO    Prime Minister Madbouly reviews cooperation with South Sudan    Egypt retains top spot in CFA's MENA Research Challenge    Egyptian public, private sectors off on Apr 25 marking Sinai Liberation    Debt swaps could unlock $100b for climate action    President Al-Sisi embarks on new term with pledge for prosperity, democratic evolution    Amal Al Ghad Magazine congratulates President Sisi on new office term    Egyptian, Japanese Judo communities celebrate new coach at Tokyo's Embassy in Cairo    Uppingham Cairo and Rafa Nadal Academy Unite to Elevate Sports Education in Egypt with the Introduction of the "Rafa Nadal Tennis Program"    Financial literacy becomes extremely important – EGX official    Euro area annual inflation up to 2.9% – Eurostat    BYD، Brazil's Sigma Lithium JV likely    UNESCO celebrates World Arabic Language Day    Motaz Azaiza mural in Manchester tribute to Palestinian journalists    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Glitter and business
Published in Al-Ahram Weekly on 13 - 11 - 2008

All thoughts -- serious and otherwise -- are on 20 January as Americans try to forget their many troubles, says Anayat Durrani
Election 2008 was made for the history books. The first African- American was elected president of the United States. The highest voter turnout among students in history. The longest and most expensive campaign in history.
It was also the first time two serving senators ran against each other. The first time a Roman Catholic is elected vice-president. And, having served for the past 36 years, vice-president-elect Joe Biden became the longest serving senator in history to become vice-president.
President-elect Barack Obama won 53 per cent of the popular vote and 364 electoral votes of the 270 needed to become president. Obama's win toppled the last racial barrier in American politics. McCain won 46 per cent of the popular vote and 162 electoral votes.
An estimated 135 million Americans voted in the election, which some experts say could be the highest turnout since 1960. With the polls results in, experts say two out of three voters under 30 voted for Obama. Fifty-five per cent of white voters and Americans aged 65 and over voted for McCain.
African-Americans, Latinos and Asians voted for Obama. Obama held onto every state won by 2004 Democratic candidate John Kerry, but also captured states from McCain that were carried by Bush that year, including Iowa, Colorado, New Mexico, Nevada, Ohio, Florida, Virginia and Indiana.
Obama will have a Democratic majority in both houses of Congress, winning Republican-held Senate seats in Virginia, New Mexico, New Hampshire and North Carolina. Not since 1955 have the Democrats held the presidency and a majority in both the House of Representatives and the Senate.
Obama visited Bush at the White House on Monday to begin the transition of power that begins 20 January, when Obama is inaugurated. Obama's campaign had sharply criticised Bush's "failed policies" while promoting "change" under an Obama administration over the economy and foreign policy. Obama's White House visit was historic considering the structure's history. The White House was built by slaves and staffed by slaves until 1850. President Bush and the first black president met alone in the Oval Office for over an hour, with no other staff. It was Obama's first time in the Oval Office. The two discussed the economic crisis and the security challenges facing the nation.
President Bush's approval ratings are at 24 per cent in contrast to the incoming president whose approval ratings are at 75 per cent. When President Obama assumes office he should have the highest approval ratings of any new president since Ronald Reagan in 1981.
The meeting at the White House came amid rumours of a new economic stimulus package backed by Democrats which is opposed by Bush, an expanded bailout for the insurance giant AIG and emergency aid for struggling automakers. Obama said he would not be attending the global economic summit that President Bush will convene in Washington on 15 November.
Members of Obama's transition team said on Sunday that once in office they would work to strike down or reverse some of the Bush executive orders that Democrats have fought against such as embryonic stem cell research and oil drilling. "Across the board, whether it's national security, the economy, the senior leadership that will manage healthcare, energy and the environment, I think he intends to move very quickly," Obama transition co-chairman John Podesta said on "Fox News Sunday".
Obama spokeswoman Stephanie Cutter issued a statement saying that Obama would discuss any executive orders with both Democrats, Republicans and members of his Cabinet. "The president-elect has pledged to run an open and inclusive government, so before he makes any decisions on potential executive or legislative actions, he will be conferring with congressional leaders on both sides of the aisle, as well as interested groups."
Meanwhile, there is much excitement and anticipation over Obama's historic inauguration. The swearing-in and inaugural speech will occur on the west steps of the Capitol on 20 January. To get free tickets to the event, tickets must be requested directly from a senator or House member less than a week before the event and must be claimed in person. The government has printed 250,000 tickets so far, with scalpers already scrambling, despite Senator Dianne Feinstein's demand that Congress make it a crime to scalp inauguration tickets.
"We have heard reports that there are people trying to scalp Inaugural tickets for more than $40,000 each. This is unconscionable and must not be allowed," Feinstein said in a statement. "This inauguration will be the major civic event of our time, and these tickets are supposed to be free for the people. Nobody should have to pay for their tickets," she added.


Clic here to read the story from its source.