I did my doctoral work at Temple University in Philadelphia, whose founder was Russell Conwell, a nineteenth-century Baptist preacher. Conwell was an accomplished writer, a captivating preacher and a visionary entrepreneur, but the theology he helped to popularise was, in a word, disturbing. It provided divine justification for the acquisition of money and legitimised the gap between extreme wealth and extreme poverty.
Conwell believed and taught that wealth was available to all men. Because opportunities to become rich are everywhere, all one needed to do to attain wealth was to work hard enough and be blessed by God.
Conwell wrote that it was a Christian’s duty to become rich: “Money is power, money is force ... Money printed your bible, money builds your churches, money sends your missionaries, and money pays your preachers. The man who gets the largest salary can do the most good with the power that has been furnished to him.”
I thought of Russell Conwell’s bizarre 19th-century glorification of wealth this week when the Supreme Court removed one of the last remaining limits on the amount of money that wealthy donors could spend in political campaigns. Before this week, the limit an individual donor could spend directly on campaigns was $117,000 (Dh429,750).
Building on its belief that “money is speech”, and that Congress has no right to pass laws that limit free speech, the court voted to end these spending limits.
After this new Supreme Court ruling, it is now possible for individuals to give as much $3.5 million to campaigns in a single election cycle.
This Supreme Court ruling comes on top of its 2010 “Citizen’s United” decision which took almost all limits off the amounts that wealthy individuals could spend independently to influence the outcome of elections. The wealthy have taken advantage of this ruling and have spent quite freely.
In 2012, it is estimated that the interlocking network of committees funded by just one group, the Koch brothers, spent almost $400 million in support of Republican candidates and causes.
Sheldon Adelson, a casino magnate and advocate of hard-line Israeli policies who has a net worth of almost $38 billion, spent more than $90 million to support his favoured Republicans.
Overall, 61 big donors to independent efforts gave more money to influence the result of the 2012 presidential election than the nearly 3.7 million small donors who contributed directly to the Obama and Romney campaigns.
And so, thanks to the Supreme Court and to Conwell’s litany of “money is power, money is force”, we can now add that big money gives one a bigger voice.
This was on display this past week when Mr Adelson convened all of the Republican party’s 2016 presidential aspirants to his Las Vegas casino for the annual meeting of the Republican Jewish Coalition. The meeting was dubbed the “Adelson Primary” in the press.
With Mr Adelson and Israel’s ambassador to Washington in attendance, one by one the Republican hopefuls auditioned, hoping to win access to the magnate’s deep pockets to support their campaign.
Looking at the scene, I could only think of Russell Conwell’s quote. I thought of Conwell again this week when Paul Ryan, chairman of the House budget committee, released his newest budget proposal that would cut federal spending by over $5 trillion over the next 10 years. He would cut taxes for the rich to encourage economic growth and cut health care, food stamps and other anti-poverty programmes to end the “culture of dependency” and encourage hard work.
I believe that Conwell must be smiling at these displays of callousness, masking as righteousness, and at the craven quest for money and the role it has come to play in American politics.
James Zogby is the president of the Arab American Institute
On Twitter: @aaiusa
COMPANY PROFILE
Name: Kumulus Water
Started: 2021
Founders: Iheb Triki and Mohamed Ali Abid
Based: Tunisia
Sector: Water technology
Number of staff: 22
Investment raised: $4 million
Electric scooters: some rules to remember
- Riders must be 14-years-old or over
- Wear a protective helmet
- Park the electric scooter in designated parking lots (if any)
- Do not leave electric scooter in locations that obstruct traffic or pedestrians
- Solo riders only, no passengers allowed
- Do not drive outside designated lanes
Key facilities
- Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
- Premier League-standard football pitch
- 400m Olympic running track
- NBA-spec basketball court with auditorium
- 600-seat auditorium
- Spaces for historical and cultural exploration
- An elevated football field that doubles as a helipad
- Specialist robotics and science laboratories
- AR and VR-enabled learning centres
- Disruption Lab and Research Centre for developing entrepreneurial skills
The specs
Engine: 3.0-litre six-cylinder turbo
Power: 398hp from 5,250rpm
Torque: 580Nm at 1,900-4,800rpm
Transmission: Eight-speed auto
Fuel economy, combined: 6.5L/100km
On sale: December
Price: From Dh330,000 (estimate)
57%20Seconds
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A MINECRAFT MOVIE
Director: Jared Hess
Starring: Jack Black, Jennifer Coolidge, Jason Momoa
Rating: 3/5
THE%20SWIMMERS
%3Cp%3E%3Cstrong%3EDirector%3A%20%3C%2Fstrong%3ESally%20El-Hosaini%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStars%3A%20%3C%2Fstrong%3ENathalie%20Issa%2C%20Manal%20Issa%2C%20Ahmed%20Malek%20and%20Ali%20Suliman%C2%A0%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%20%3C%2Fstrong%3E4%2F5%3C%2Fp%3E%0A
NO OTHER LAND
Director: Basel Adra, Yuval Abraham, Rachel Szor, Hamdan Ballal
Stars: Basel Adra, Yuval Abraham
Rating: 3.5/5
Premier Futsal 2017 Finals
Al Wasl Football Club; six teams, five-a-side
Delhi Dragons: Ronaldinho
Bengaluru Royals: Paul Scholes
Mumbai Warriors: Ryan Giggs
Chennai Ginghams: Hernan Crespo
Telugu Tigers: Deco
Kerala Cobras: Michel Salgado
COMPANY%20PROFILE
%3Cp%3E%3Cstrong%3ECompany%20name%3A%3C%2Fstrong%3E%20Alaan%3Cbr%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%202021%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Dubai%3Cbr%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20Parthi%20Duraisamy%20and%20Karun%20Kurien%3Cbr%3E%3Cstrong%3ESector%3A%3C%2Fstrong%3E%20FinTech%3Cbr%3E%3Cstrong%3EInvestment%20stage%3A%3C%2Fstrong%3E%20%247%20million%20raised%20in%20total%20%E2%80%94%20%242.5%20million%20in%20a%20seed%20round%20and%20%244.5%20million%20in%20a%20pre-series%20A%20round%3Cbr%3E%3Cbr%3E%3C%2Fp%3E%0A
MATCH INFO
Alaves 1 (Perez 65' pen)
Real Madrid 2 (Ramos 52', Carvajal 69')
Profile
Co-founders of the company: Vilhelm Hedberg and Ravi Bhusari
Launch year: In 2016 ekar launched and signed an agreement with Etihad Airways in Abu Dhabi. In January 2017 ekar launched in Dubai in a partnership with the RTA.
Number of employees: Over 50
Financing stage: Series B currently being finalised
Investors: Series A - Audacia Capital
Sector of operation: Transport
CHATGPT%20ENTERPRISE%20FEATURES
%3Cp%3E%E2%80%A2%20Enterprise-grade%20security%20and%20privacy%3C%2Fp%3E%0A%3Cp%3E%E2%80%A2%20Unlimited%20higher-speed%20GPT-4%20access%20with%20no%20caps%3C%2Fp%3E%0A%3Cp%3E%E2%80%A2%20Longer%20context%20windows%20for%20processing%20longer%20inputs%3C%2Fp%3E%0A%3Cp%3E%E2%80%A2%20Advanced%20data%20analysis%20capabilities%3C%2Fp%3E%0A%3Cp%3E%E2%80%A2%20Customisation%20options%3C%2Fp%3E%0A%3Cp%3E%E2%80%A2%20Shareable%20chat%20templates%20that%20companies%20can%20use%20to%20collaborate%20and%20build%20common%20workflows%3C%2Fp%3E%0A%3Cp%3E%E2%80%A2%20Analytics%20dashboard%20for%20usage%20insights%3C%2Fp%3E%0A%3Cp%3E%E2%80%A2%20Free%20credits%20to%20use%20OpenAI%20APIs%20to%20extend%20OpenAI%20into%20a%20fully-custom%20solution%20for%20enterprises%3C%2Fp%3E%0A
At a glance
Global events: Much of the UK’s economic woes were blamed on “increased global uncertainty”, which can be interpreted as the economic impact of the Ukraine war and the uncertainty over Donald Trump’s tariffs.
Growth forecasts: Cut for 2025 from 2 per cent to 1 per cent. The OBR watchdog also estimated inflation will average 3.2 per cent this year
Welfare: Universal credit health element cut by 50 per cent and frozen for new claimants, building on cuts to the disability and incapacity bill set out earlier this month
Spending cuts: Overall day-to day-spending across government cut by £6.1bn in 2029-30
Tax evasion: Steps to crack down on tax evasion to raise “£6.5bn per year” for the public purse
Defence: New high-tech weaponry, upgrading HM Naval Base in Portsmouth
Housing: Housebuilding to reach its highest in 40 years, with planning reforms helping generate an extra £3.4bn for public finances
How much do leading UAE’s UK curriculum schools charge for Year 6?
- Nord Anglia International School (Dubai) – Dh85,032
- Kings School Al Barsha (Dubai) – Dh71,905
- Brighton College Abu Dhabi - Dh68,560
- Jumeirah English Speaking School (Dubai) – Dh59,728
- Gems Wellington International School – Dubai Branch – Dh58,488
- The British School Al Khubairat (Abu Dhabi) - Dh54,170
- Dubai English Speaking School – Dh51,269
*Annual tuition fees covering the 2024/2025 academic year