The other day I visited a friend who works at one of those irritating high tech companies. I think they make iPhone apps or something.
His office - if you can call an airy loft-like space filled with toys and snack areas an office - is exactly what a television set designer would come up with, if he were designing the office of an irritating tech firm that makes iPhone apps.
As I walked past the open cubicles and the fun little coffee area, I noticed that every single employee was young, fit, and good-looking - exactly as if they were the cast of a TV show. I also noticed that they were all wearing some kind of self-measurement device clipped to their clothes, or on their wrists.
These gadgets are all the rage these days. There's one from Nike, and something called FitBit and another one called Up. They measure your sleep and how many steps you take a day. You can sync them to your phone and in general keep track of yourself in a lot of ways.
I was unaware, until that moment, how unmeasured my life is.
"We like to measure ourselves here," my friend said when I asked about the devices. "We like to keep track of our physical activity and chart our progress."
He said it with relaxed self-assurance, and just a hint of disapproval of me for asking the question. It was a tone that anyone who's ever been in a cult, or gone to an intense yoga class, would know.
"Rob," he said, "in this facility we're moving into a new way of using technology. The growth in the future is going to be in what we call the area of the 'quantified self'."
Apparently, we haven't been paying enough attention to ourselves lately. We've been talking and talking and talking, sure. But this is something more.
"The quantified self," he went on, "is the newest growth area for new devices and markets. People who want to sleep better, or keep track of their general happiness - they'll all be wearing these. In the future, you'll carry around a self-monitor, just like your smart phone today."
It doesn't sound like a cheerful future. It won't be just steps and sleep hours we'll be charting. Soon it'll be food intake and oxygen use, and time spent clenching your jaw.
Maybe at the end of the day your device will tell you how much time you spent looking out the window or daydreaming about winning the lottery. You'll be able to know the actual number of minutes you spent pretending not to want those French fries, and the number of chews it took to eat them all.
I suppose this is a natural progression. We've spent the past decade teaching ourselves to post and tweet and friend and unfriend - sharing our little thoughts with other people who are also posting and tweeting.
Now, exhausted by all of that talking, we're retreating back into ourselves: "I don't want to know your status update. I want to know how many steps I walked."
I asked my friend: "Does this mean we're all turning inward? We're all getting back to a kind of privacy?"
My tone was hopeful but my friend waved me off. "Oh, we're posting and sharing all of this new data, too," he said. "We're keeping track of it, and posting it, so we can share it and support each other as we reach our fitness goals."
Which, of course, is a lie. Whenever you hear the phrase "support each other" along with "fitness goals", you know what it really means: the shame of other people knowing exactly what you weigh.
Thoroughly depressed, I moved on to the subject of my visit: a new product my friend was working on.
When he told me what it was I felt cold shivers of fear. It's a device that measures attention. It quantifies the actual time spent watching something on TV, and even the attention level devoted to a show.
"In our initial tests," he said, "it turns out that people don't watch TV very closely, or pay much attention to the ads. I thought you'd be interested in this since you're in TV, and that's pretty much how you all make your money."
"When is this being released," I asked, my voice breaking.
"Not sure," he said. "Right now we're trying to figure out how to build it without using too many batteries. But we're close."
So it's a race between me and technology. I've got to produce a hit show before the "quantified self" reveals that, in fact, there's no such thing. My money is on the batteries coming first.
Rob Long is a writer and producer based in Hollywood
On Twitter: @rbcl
Skoda Superb Specs
Engine: 2-litre TSI petrol
Power: 190hp
Torque: 320Nm
Price: From Dh147,000
Available: Now
Company Profile
Name: JustClean
Based: Kuwait with offices in other GCC countries
Launch year: 2016
Number of employees: 130
Sector: online laundry service
Funding: $12.9m from Kuwait-based Faith Capital Holding
What can victims do?
Always use only regulated platforms
Stop all transactions and communication on suspicion
Save all evidence (screenshots, chat logs, transaction IDs)
Report to local authorities
Warn others to prevent further harm
Courtesy: Crystal Intelligence
FIGHT CARD
Fights start from 6pm Friday, January 31
Catchweight 82kg
Piotr Kuberski (POL) v Ahmed Saeb (IRQ)
Women’s bantamweight
Cornelia Holm (SWE) v Corinne Laframboise (CAN)
Welterweight
Omar Hussein (JOR) v Vitalii Stoian (UKR)
Welterweight
Josh Togo (LEB) v Ali Dyusenov (UZB)
Flyweight
Isaac Pimentel (BRA) v Delfin Nawen (PHI)
Catchweight 80kg
Seb Eubank (GBR) v Mohamed El Mokadem (EGY)
Lightweight
Mohammad Yahya (UAE) v Ramadan Noaman (EGY)
Lightweight
Alan Omer (GER) v Reydon Romero (PHI)
Welterweight
Ahmed Labban (LEB) v Juho Valamaa (FIN)
Featherweight
Elias Boudegzdame (ALG) v Austin Arnett (USA)
Super heavyweight
Roman Wehbe (LEB) v Maciej Sosnowski (POL)
Managing the separation process
- Choose your nursery carefully in the first place
- Relax – and hopefully your child will follow suit
- Inform the staff in advance of your child’s likes and dislikes.
- If you need some extra time to talk to the teachers, make an appointment a few days in advance, rather than attempting to chat on your child’s first day
- The longer you stay, the more upset your child will become. As difficult as it is, walk away. Say a proper goodbye and reassure your child that you will be back
- Be patient. Your child might love it one day and hate it the next
- Stick at it. Don’t give up after the first day or week. It takes time for children to settle into a new routine.And, finally, don’t feel guilty.
RACE RESULTS
1. Valtteri Bottas (FIN/Mercedes) 1hr 21min 48.527sec
2. Sebastian Vettel (GER/Ferrari) at 0.658sec
3. Daniel Ricciardo (AUS/Red Bull) 6.012
4. Lewis Hamilton (GBR/Mercedes) 7.430
5. Kimi Räikkönen (FIN/Ferrari) 20.370
6. Romain Grosjean (FRA/Haas) 1:13.160
7. Sergio Pérez (MEX/Force India) 1 lap
8. Esteban Ocon (FRA/Force India) 1 lap
9. Felipe Massa (BRA/Williams) 1 lap
10. Lance Stroll (CAN/Williams) 1 lap
11. Jolyon Palmer (GBR/Renault) 1 lap
12. Stoffel Vandoorne (BEL/McLaren) 1 lap
13. Nico Hülkenberg (GER/Renault) 1 lap
14. Pascal Wehrlein (GER/Sauber) 1 lap
15. Marcus Ericsson (SWE/Sauber) 2 laps
16. Daniil Kvyat (RUS/Toro Rosso) 3 laps
COMPANY%20PROFILE
%3Cp%3E%3Cstrong%3EName%3A%3C%2Fstrong%3E%20Carzaty%2C%20now%20Kavak%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Dubai%3Cbr%3E%3Cstrong%3ELaunch%20year%3A%20%3C%2Fstrong%3ECarzaty%20launched%20in%202018%2C%20Kavak%20in%20the%20GCC%20launched%20in%202022%3Cbr%3E%3Cstrong%3ENumber%20of%20employees%3A%3C%2Fstrong%3E%20140%3Cbr%3E%3Cstrong%3ESector%3A%3C%2Fstrong%3E%20Automotive%3Cbr%3E%3Cstrong%3EFunding%3A%20%3C%2Fstrong%3ECarzaty%20raised%20%246m%20in%20equity%20and%20%244m%20in%20debt%3B%20Kavak%20plans%20%24130m%20investment%20in%20the%20GCC%3C%2Fp%3E%0A
Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.
Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.
“Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.
Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.
“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.
Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.
From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.
Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.
BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.
Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.
Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.
“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.
Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.
“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.
“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”
The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”
Villains
Queens of the Stone Age
Matador
Drivers’ championship standings after Singapore:
1. Lewis Hamilton, Mercedes - 263
2. Sebastian Vettel, Ferrari - 235
3. Valtteri Bottas, Mercedes - 212
4. Daniel Ricciardo, Red Bull - 162
5. Kimi Raikkonen, Ferrari - 138
6. Sergio Perez, Force India - 68