Democrats were already concerned about President Joe Biden's age and his leadership on the economy. AP
Democrats were already concerned about President Joe Biden's age and his leadership on the economy. AP
Democrats were already concerned about President Joe Biden's age and his leadership on the economy. AP
Democrats were already concerned about President Joe Biden's age and his leadership on the economy. AP

Investigation into Hunter Biden complicates already rocky road to 2024 election


Jihan Abdalla
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President Joe Biden, who is gearing up for his 2024 re-election campaign, has already been contending with low approval ratings and doubts over whether he can handle a second term in office.

Now the 80-year-old President is facing another challenge: last week, a special counsel was appointed to investigate his son, Hunter Biden, over accusations that he participated in improper business dealings.

The President himself has not been implicated in the case, and this legal trouble, observers say, pales in comparison to the legal woes confronting his predecessor and likely rival, Donald Trump.

Mr Trump, 77, has been hit with four indictments and dozens of criminal charges involving allegations that he attempted to overturn the results of the 2020 presidential election, mishandled classified documents and was involved in making hush-money payments to an adult film actress.

Still, the investigation into his son is an additional hurdle in an increasingly partisan and uncertain political climate for Mr Biden.

“We have these two tremendously flawed candidates that the bulk of the voters would rather not have, with the nominations in a stronger position than ever, running against each other,” John Freehery, a Republican strategist, told The National.

Last week, the US Justice Department named a special counsel to investigate Hunter Biden amid allegations he engaged in illicit business deals overseas. AFP
Last week, the US Justice Department named a special counsel to investigate Hunter Biden amid allegations he engaged in illicit business deals overseas. AFP

“This is historically unique.”

Only 24 per cent of Americans want Mr Biden to run again in the coming election, according to an Associated Press-Norc Centre for Public Affairs Research poll published on Thursday, and 53 per cent said they would definitely not support Mr Trump if he were the nominee.

But amid a deep partisan divide in American society, Mr Freehery said, the indictments against Mr Trump have boosted his popularity among Republican voters, while many Democrats believe that Mr Biden is the best candidate to take on his predecessor in a rematch.

“What we have with both candidates is a perception that these are partisan investigations and they don't seem to have an impact on either candidate because they're viewed in this partisan prism,” Mr Freehery said.

Fifty-three per cent of Americans said they approve of the Justice Department's decision to indict Mr Trump, according to the AP poll, while a Reuters poll in June found that half of Americans believe Mr Biden's son has received preferential treatment from prosecutors.

The appointment of a special counsel to investigate Mr Biden’s son has helped to shifted attention away from Mr Trump’s legal problems.

A plea deal under which Hunter Biden pleaded guilty to tax charges but avoided another charge related to possession of a weapon collapsed last month after a federal judge rejected it, leading to the appointment of special counsel David Weiss, a Trump-appointed US prosecutor in Delaware.

As a special counsel, Mr Weiss will be able to conduct a wider investigation than typical federal prosecutors.

US Attorney General Merrick Garland announced the appointment of special counsel David Weiss in the ongoing investigation of Hunter Biden. Reuters
US Attorney General Merrick Garland announced the appointment of special counsel David Weiss in the ongoing investigation of Hunter Biden. Reuters

Mr Weiss had previously charged Hunter Biden for failing to pay taxes in 2017 and 2018, as well as unlawful possession of a firearm.

In addition to the investigation into his son, Mr Biden is facing an uphill battle convincing voters that he has done a good job handling the economy, despite falling inflation rates and steady job growth.

A Reuters/Ipsos poll published earlier this month found that 42 per cent of those who voted for Mr Biden in 2020 said the economy was “worse” than it was when he took office.

There is also mounting scepticism over his age – he is the nation’s oldest ever president – as well as questions over his mental acuity.

An ABC poll conducted in May found that 68 per cent of Americans believe Mr Biden is too old for another term, while 44 per cent said the same about Mr Trump.

Meanwhile, Mr Trump – who has been charged in a plot to undermine democracy for his actions leading up the January 6 riots on the Capitol in 2021 – was indicted on Monday, along with 18 other allies, over alleged efforts to overturn the results of the 2020 elections in Georgia, a state Mr Biden narrowly won.

It was his fourth indictment in five months. He has pleaded not guilty to all charges.

Mr Trump, who remains the front-runner in a crowded field of Republican contenders in the 2024 race, has seized on the Hunter Biden case, referring frequently to the “Biden crime family”.

Republican members of Congress have been discussing the launch of an impeachment inquiry into Mr Biden over allegations of financial misconduct.

Jim Manley, a Democratic strategist, acknowledges that the economy and concerns over Mr Biden's age, are likely to cast a shadow over his campaign.

“We can't deny that his poll numbers are pretty low but none of it has to do with Hunter Biden,” he told The National.

“But the reality for Democrats is, this issue regarding Hunter Biden isn't going away anytime soon. Republicans have made that very clear.”

Checks continue

A High Court judge issued an interim order on Friday suspending a decision by Agriculture Minister Edwin Poots to direct a stop to Brexit agri-food checks at Northern Ireland ports.

Mr Justice Colton said he was making the temporary direction until a judicial review of the minister's unilateral action this week to order a halt to port checks that are required under the Northern Ireland Protocol.

Civil servants have yet to implement the instruction, pending legal clarity on their obligations, and checks are continuing.

MATCH INFO

Manchester United 1 (Fernandes pen 2') Tottenham Hotspur 6 (Ndombele 4', Son 7' & 37' Kane (30' & pen 79, Aurier 51')

Man of the match Son Heung-min (Tottenham)

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
How to invest in gold

Investors can tap into the gold price by purchasing physical jewellery, coins and even gold bars, but these need to be stored safely and possibly insured.

A cheaper and more straightforward way to benefit from gold price growth is to buy an exchange-traded fund (ETF).

Most advisers suggest sticking to “physical” ETFs. These hold actual gold bullion, bars and coins in a vault on investors’ behalf. Others do not hold gold but use derivatives to track the price instead, adding an extra layer of risk. The two biggest physical gold ETFs are SPDR Gold Trust and iShares Gold Trust.

Another way to invest in gold’s success is to buy gold mining stocks, but Mr Gravier says this brings added risks and can be more volatile. “They have a serious downside potential should the price consolidate.”

Mr Kyprianou says gold and gold miners are two different asset classes. “One is a commodity and the other is a company stock, which means they behave differently.”

Mining companies are a business, susceptible to other market forces, such as worker availability, health and safety, strikes, debt levels, and so on. “These have nothing to do with gold at all. It means that some companies will survive, others won’t.”

By contrast, when gold is mined, it just sits in a vault. “It doesn’t even rust, which means it retains its value,” Mr Kyprianou says.

You may already have exposure to gold miners in your portfolio, say, through an international ETF or actively managed mutual fund.

You could spread this risk with an actively managed fund that invests in a spread of gold miners, with the best known being BlackRock Gold & General. It is up an incredible 55 per cent over the past year, and 240 per cent over five years. As always, past performance is no guide to the future.

Result

Crystal Palace 0 Manchester City 2

Man City: Jesus (39), David Silva (41)

Updated: August 19, 2023, 10:00 AM`