Connect with us

Business

British Prime Minister Sunak Britain’s Obama Moment?

Published

on

by Vijaya Chandrasoma

The parallels between the recent rise to premiership of the United Kingdom of Rishi Sunak and the election to the presidency of the United States of Barack Obama in 2008 bear a few similarities. They also represent the differences in the circumstances by which leadership could be achieved in two of the leading democracies in the world; similarities and differences both personal and national.The main personal and national similarity is that both Sunak and Obama were the first heads of state of countries never previously been so adorned by men of colour. They were both young when they took on the mantle of leadership. Sunak is 42-years old now. Obama was 47 when he was first elected to the presidency.

They are both highly educated. Sunak got his first degree at Worcester College, Oxford and an MBA on a Fulbright Scholarship at Stanford University in California. Obama earned his degrees from the Universities of Columbia and Harvard Law School. They are both extremely good-looking. In fact, Sunak is known as Dishy Rishi, and Obama has always been considered to be attractive by the opposite sex. Coincidentally, both their fathers were born and raised in Kenya, though of different ethnicities. And, probably most importantly, each have the great good fortune of being blessed with two lovely daughters.

Sunak being elevated to be the occupant of No. 10, Downing Street would have that infamous Indian hater, Winston Churchill spinning violently in his grave. He was the first British Prime Minister to vociferously bemoan the disintegration of the British Empire, especially its crown jewel, India. Obama’s election to the US presidency would have evoked a similar upheaval in the grave of Jefferson Davis, the first and only President of the Confederate States from 1861 till the end of the Civil War in 1865, who publicly decried the Emancipation Proclamation, by which Lincoln granted freedom to all slaves in the United States of America.

The similarities seem to end there. Although they both had brilliant academic careers, the routes which got them their education differed greatly both in family circumstances and the systems of education in England and the United States.

Sunak is a first generation Britisher, born in Southampton in 1980; his parents were of Indian origin, having emigrated to England from East Africa in the 1960s. His father was a doctor and his mother ran her own pharmacy; good upper middle-class stock able to send their son to Winchester College, one of the leading – and most expensive – private schools in England and then to the University of Oxford.

Obama is a first generation American, born in Hawaii, to a Kenyan father and a white American woman from Kansas. Barack Obama Snr. won a scholarship to study in America. He met his wife, Obama’s mother, while they were both studying at the University of Hawaii. Obama’s parents divorced in 1964, when he was two years old. After his graduation from the University of Hawaii, Obama Snr. went on to Harvard to study for a doctoral program in economics. He went back to Kenya after completing his Master’s degree, to become a senior economist in the Kenyan government.

Junior’s mother remarried another foreign student from Indonesia, and Barack spent a couple of his formative years at a government-run school in Jakarta. He returned to Hawaii in 1971, lived with his grandparents and graduated from an elite preparatory academy in Honolulu. He then attended Occidental College in Los Angeles, transferred to Columbia University in New York, where he received a Bachelor’s Degree in Political Science. Barack went on to Harvard Law School for his Juris Doctor (JD). After a few years of study of literature and philosophy, while serving as a writer and editor for a publisher, he decided to enter politics in 1985, serving as a community organizer in Chicago. He was elected to the US Senate in 2004.

A career totally different from that of Sunak, who, after Stanford and Oxford, worked at Goldman Sachs and then moved onto Hedge Fund management. He entered politics, being elected as an MP to a safe Conservative seat in north Yorkshire in 2015. Sunak had a rapid rise in the Conservative Party, being appointed as Chancellor of the Exchequer (Finance Minister) by Boris Johnson in 2020.

Their wives could not be more different. Michelle Robinson was the descendant of African slaves, who grew up as part of a working-class family in a poor neighbourhood in the South Side of Chicago. The family lived in a one-roomed apartment. She shared her “bedroom” – which was the living room split down the center – with her brother. Michelle’s father, Fraser Robinson, suffered from multiple sclerosis, worked as a city pump operator, and never missed a day of work. He ingrained into his children the values of achievement through hard work. Michelle excelled in her secondary education, and then followed her brother, Craig with a scholarship to Princeton University. She went on to get her law degree at Harvard University, returned home to Chicago, where she met Barack. They were married in 1992 when Obama was working as a community organizer for the Democratic Party in the South Side of Chicago.

Sunak’s wife, Akshata Murthy, is the daughter of Indian billionaire, Narayan Murthy, the founder of Infosys, who has often been dubbed as the Bill Gates of India. She went on to study economics and French at a private liberal college in Claremont, California. She met Sunak while they were both studying at Stanford. She is the heiress to a fortune, worth billions. They were married in a simple but elegant ceremony in Bangalore in 2009. Rishi Sunak is said to be the richest politician in Britain.

At least, he was a rich man before he became the Prime Minister, unlike many Sri Lankans who held that coveted office. From rags to red sashes is the thought that comes to mind when talking about our politics.As for their religions, Sunak is a practicing Hindu, Obama is a Christian. England pays no heed to one’s religion as a requirement for any job, including Prime Minister. In fact, when a reporter questioned a British Prime Minister in the 90s about his religion, I may be wrong but I think it was Blair, his response was “that’s none of your bloody business.”

As we all know, it would be impossible to win the US presidency without placing one hand on the Bible, the other holding an AR15 military style rifle. Sunak and Obama inherited near recession economies. Obama rose to the challenge, and ran a progressive, scandal free, two-term administration, which saw a thriving economy, ending with 72 months of growth and the lowest unemployment figures in history. Through the Affordable Care Act (Obamacare), he gave health-care insurance to over 30 million hitherto uninsured Americans. All this achieved despite a hostile and confrontational Republican majority in Congress.

Time will only tell what economic and political strategies Sunak will use to pull Britain out of its current economic malaise. Being a lifelong Conservative, these will almost certainly not be the progressive measures which helped Obama to get out of the near recession he inherited from Bush.

Sunak is a Conservative, at a time when both his Party and the British economy are fractured. He doesn’t represent change, hope or success against the odds as Obama did a decade ago. A formidable task of rescue awaits him, for which his seven-year career in national politics has hardly prepared him. The truncated nature of his period as Prime Minister – the next British general election will be held no later than January 2025 – won’t give him sufficient time to address, much less solve the immediate problems facing the British economy. Also, with a divided Conservative Party, the task of remaining in power over the next two years, and so avoiding the possibility of No. 10 Downing Street having a revolving door, highlighted by the recent departures of Boris Johnson and Liz Truss, will be formidable.In any event, Ms Truss can truthfully boast that her 44 days as the British Prime Minister spanned two monarchies!

Mr. Sunak has one advantage over the Americans, in racism against minorities and coloured people. Britain and America were both apologetically racist as late as in the 1960s. Though racism still exists in Britain, it has evolved to be far more muted. I have no doubt that there are white supremacists longing for the good old days when Britain ruled the world. But it certainly has not grown into the virulent post-Trump, racist monstrosity that represents fascism and white supremacy currently dominating the United States.

Britain surely will not have a Hitler moment that is threatening to destroy democracy. They have, by and large, racially evolved and accepted the diverse reality of their country. In any event, Sunak is more British than the British. His ultimate departure from office will not end in the pathological resentment and fear in America, caused by Obama’s successful presidency, which has led to the racial violence by white Americans terrified of losing the centuries-long privileges they have enjoyed.

We will know the fate of America’s future at the midterm elections on November 8. My most fervent hope, against all polls, is that a sufficient majority of decent American people will understand the real and present danger to the nation presented by Trump and his white supremacist cult; that they will come out in droves and vote to wipe out an armed, violent and bigoted Republican Party.

Whatever the result will be, whichever Party will be elected to control one or both Houses in Congress on November 8, it is certain that there will be widespread allegations of voter fraud with the inevitable violence in the streets. That political violence has already begun with the recent brutal, Trump-motivated attack on Speaker Pelosis’s 82-year-old husband in San Francisco.

As Sonia Sodha, London Observer columnist writes, “Ultimately, I am not sure it is any less bigoted to apply benevolent rather than malevolent stereotypes to Asian and black people. It undermines the goal of a society where the colour of someone’s skin isn’t worth commenting on because it genuinely no longer matters…. when we understand that our common humanity encompasses the good and the bad.”

That indeed is the noble goal, the achievement of which, on present form, is in the long-distant future for the United States of America. If ever. But hopefully doable in the United Kingdom as they continue to emulate the progressive, socially and economically just policies of developed nations in Europe and beyond.



Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Business

Low-quality coal shipment affects Lakvijaya coal power plant operations

Published

on

Operations at Sri Lanka’s main coal-fired power facility, the Lakvijaya coal power plant, suffered a significant disruption soon after a new shipment of coal was introduced, raising concerns over generation stability and environmental emissions.

Energy analyst Dr. Vidura Ralapanawa said in a social media post that the plant began using coal from “Ship 11” on Wednesday, following confirmation from officials of the Ceylon Electricity Board (CEB).

However, almost immediately after the new batch of coal was fed into the system, the plant’s generation capacity began to decline due to the poor quality of the fuel.

According to Dr. Ralapanawa, the plant’s output dropped by about 82 megawatts overall. Unit 1 recorded a drop of 45 MW, Unit 2 fell by 15 MW, and Unit 3 declined by 22 MW shortly after the coal was introduced.

The situation worsened later in the night when two coal mills in Unit 3 reportedly became clogged around 11 p.m., causing a rapid fall in generation capacity. Unit 3, which normally operates at a higher output level, was said to be running at around 170 MW following the malfunction.

Coal mills are a crucial component in coal-fired power generation. They grind raw coal into a fine powder before it is fed into the boiler for combustion. Each generating unit at the Norochcholai facility is equipped with five coal mills, and any obstruction in these systems can severely affect plant operations.

When mills become clogged, plant operators often have to rely on diesel-fired burner guns to stabilise the flame inside the boiler. While this helps maintain combustion, it significantly increases operating costs because of the high price of diesel.

The heavy use of diesel has another consequence. According to Dr. Ralapanawa’s post, when diesel firing increases, the plant’s Electro-Static Precipitators (ESPs) must be shut down. ESPs are designed to capture and remove particulate matter such as fly ash before emissions are released through the chimney.

With the ESPs switched off, large amounts of fly ash may be released into the atmosphere, potentially affecting surrounding communities.

Dr. Ralapanawa further noted that the coal shipment appears to have low calorific value, low volatile matter, and high ash content, all of which reduce combustion efficiency. In addition, the coal reportedly has a low grindability index, making it harder to pulverise and increasing the likelihood of mill blockages.

He added that while the immediate clogging of the mills may be cleared within a day, the underlying quality issues with the coal could make the problem persistent.

The development comes amid earlier assurances from officials of the Ceylon Electricity Board that the Norochcholai plant could be operated effectively even with lower-quality coal supplies.

The Norochcholai facility, with an installed capacity of 900 MW, is the largest power station in Sri Lanka and a critical component of the national grid. Any disruption to its operations can have wider implications for the country’s electricity supply, potentially forcing the system to rely on more expensive oil-based power generation.

Engineers are currently working to address the clogged mills and stabilise generation, but energy analysts warn that unless the fuel quality improves, similar operational issues could recur.

By Ifham Nizam

Continue Reading

Business

CSE regains some positive terrain but challenges remain

Published

on

CSE trading yesterday was positive overall on account of local economic growth prospects but concerns deriving from West Asian tensions lingered.

The market is still recovering from previous days’ uncertainties, market analysts said.

The All Share Price Index went up by 256 points, while the S and P SL20 rose by 63.8 points. Turnover stood at Rs 5.68 billion with nine crossings.

Seven crossings were reported in HNB Finance where 130 million shares crossed to the tune of Rs 1.1 billion; its shares traded at Rs 8.50, LMF four million shares crossed for Rs 348 million; its shares traded at Rs 87, Commercial Bank 661,000 shares crossed for Rs 142 million; its shares traded at Rs 215, Seylan Bank (Non-Voting) 750,000 shares crossed for Rs 49 million; its shares sold at Rs 75.50, ACL Cables 500,000 shares crossed for Rs 49 million; its shares traded at Rs 98, HNB 100,000 shares crossed for Rs 43.2 million; its shares sold at Rs 432 and Access Engineering 500,000 shares crossed for Rs 38.5 million and its shares fetched at Rs 77.

In the retail market companies that mainly contributed to the turnover were; HNB Finance Rs 331 million (34.8 million shares traded), Lanka Credit and Business Finance Rs 184 million (21.6 million shares traded), LOLC Holdings Rs 180 million (320,000 shares traded), Commercial Bank Rs 167 million (774,000 shares traded), Softlogic Capital Rs 138 million (twelve million shares traded), Sampath Bank Rs 124 million (789,000 shares traded) and ACL Cables Rs 123 million (1.26 million shares traded). During the day 330 million share volumes changed hands in 36639 transactions.

It is said that the banking and financial sectors performed well. HNB Finance was active in the financial sector, while Commercial Bank and HNB were active in the banking counters.

Further, National Development Bank has received Colombo Stock Exchange approval in principle to list Rs 16 billion of 11.50, 11.04 and 11.85 percent debentures, it said in a CSE filing.

NDB will issue 120 million Tier 2, listed, rated, unsecured, subordinated, redeemable Basel III compliant GSS+ bonds with a non-viability conversion, at Rs 100 each.

Yesterday the rupee was quoted at Rs 310.70/85 to the US dollar in the spot market, weaker from Rs 310.30/60 the previous day, dealers said, while bond yields were broadly steady.

By Hiran H Senewiratne

Continue Reading

Business

Indian Ocean under fire: Parliament explodes over the sinking of ‘IRIS Dena’

Published

on

A new crisis looms with a second Iranian vessel at the doorstep

Sri Lanka’s parliament became a secondary battleground yesterday as the sinking of the Iranian frigate IRIS Dena ignited a fierce debate over national sovereignty, regional maritime priciples, and the government’s perceived ‘strategic paralysis.’

While the Navy’s rescue of 32 sailors was initially painted in shades of heroism, Opposition MPs have now unfurled a narrative of missed warnings and geopolitical betrayal.

In a scathing address, Opposition firebrand Chamara Sampath Dissanayake challenged the circumstances of the vessel’s arrival in Sri Lankan waters. The IRIS Dena had been a guest of the Indian Navy during the MILAN-2026 exercises just days prior. Dissanayake alleged that at the conclusion of the fleet review, the vessel was effectively ‘put out’ of India, leaving the crew with no choice but to steer toward Sri Lanka.

“This was a deliberate attempt by the host to put a guest in harm’s way,” Dissanayake charged, stopping just short of naming India directly while making the implication undeniable. He argued that Sri Lanka had been ‘set up’ to deal with the fallout of a targeted strike that occurred only 11 nautical miles from Galle.

The debate took a darker turn when SJB MP Mujibur Rahman dropped a bombshell regarding the timing of the attack. Rahman alleged that the IRIS Dena had signalled for permission to enter Sri Lankan waters 11 hours before it was struck by U.S. torpedoes.

“Why did the authorities keep silent?” Rahman demanded. He blasted the government for failing to act on humanitarian grounds, suggesting that Colombo’s hesitation provided the necessary window for what U.S. Defense Secretary Pete Hegseth termed a ‘Quiet Death.’ Rahman’s critique painted a picture of a government ensnared in superpower machinations, unable to uphold the principles of the Indian Ocean as a ‘Zone of Peace.’

Responding to the barrage of questions, Cabinet Spokesman Dr. Nalinda Jayatissa confirmed a chilling new development: a second Iranian vessel is currently positioned in the Exclusive Economic Zone (EEZ) off Colombo.

While Jayatissa assured the House that the President and the Security Council are ‘fully aware’ and making ‘necessary interventions’ to protect those on board, the lack of specific details fueled further anxiety. Political analysts suggest that the government’s failure to announce a clear, proactive neutral policy has left it in a state of ‘vacillation,’ unable to decide whether to grant refuge to the second ship or risk another tragedy on its doorstep.

The parliamentary clash was punctuated by the visit of former president Ranil Wickremesinghe to the Iranian Embassy yesterday to offer condolences for the passing of Supreme Leader Ayatollah Ali Khamenei. Wickremesinghe had warned on March 2 – just 48 hours before the sinking – that the current ‘leadership eviction’ methodology in the Middle East could destabilise the Indian Ocean.

As the death toll from the IRIS Dena stands at 87 with 60 still missing, the ‘can of worms’ opened in parliament reveals a nation at a crossroads. The government’s silence during the Dena’s final hours and its current ‘intervention’ with the second vessel will likely define Sri Lanka’s standing in a rapidly fragmenting global order.

As the House adjourned, one question remained hanging in the air: In the face of a superpower conflict, does Sri Lanka have the ‘backbone’ to be truly neutral, or is it merely a spectator to its own maritime destiny?

by Sanath Nanayakkare

Continue Reading

Trending