Actually, this might not have been the easiest place to begin. Few topics have occasioned such philosophical contortions as the problem of defining art. The contemporary debate is divided between those who see the essence of art in the social institutions that surround it - a crude version of such a view might be to say that art is what artists make - and those who think that there are universal and fairly concrete properties that all works of art share, from the most ancient apotropaic mask to the latest piece of Turner-winning humbug. Neither point of view, whether conventionalist or functionalist, is particularly good at isolating all and only those things that are art. And this is hardly surprising, since - if you'll forgive a detour this early in proceedings - language doesn't work that way. It's a logician's fantasy that ordinary words can be defined by necessary and sufficient conditions, like the terms in a legal document. Instead, as modern cognitive science seems to confirm, objects fall into our various semantic boxes according to how well they resemble our paradigm cases for each word. It was Wittgenstein who observed that "game" seems impossible to define in such a way as to include everything from solitaire to bat-the-rat (this was in his apocryphal Purple Ronnie Notebook). He proposed that we understand what the word signifies by means of a sort of family resemblance across all its instances. And indeed, this phenomenon is quite common: see if you can think up an airtight definition of the word "salad". Not easy, is it? For now, accept this provisional gloss. Art is material shaped by humans with the intention of engaging the imaginations of other intelligent beings. All that other stuff is just the other stuff.
You can explain all the above to some people until you're blue in the face, and they'll still turn around to you and say: "Yes, but it isn't art, is it?" After long reflection, I think these people may be messing with me.
Literally, something that happens every two years. The grandfather of art biennales is the Venice one, established in 1895. It set the template for the massive international show that celebrates the best of each country's talent in jealously curated national stands. It was followed in the 1950s by biennials in Sao Paulo and Kassel. For decades, the word "biennale" connoted prestige and high-cultural gravitas. Then in the mid-1990s, inflation set in. The Sharjah Biennial in 1993 was ahead of the curve. It was followed by rival events in Santa Fe, Lyon, Berlin, Moscow, Gwangju and other places, all of which served to erode the currency of the term. Venice must be kicking itself for not taking out a trademark. Incidentally, I have heard a number of variant pronunciations of "biennale". The correct way is like "by nail".
Someone who collects artworks. However, the word takes on subtleties of meaning depending on how serious and rich the collector is. When an artist is in demand, for example, the gallery that represents them may become choosy about whom they sell to: after all, they have an investment not only in the current collection but in the artist's future reputation. Consequently, tastemakers will tend to trump hangers-on, and serious art-world people will be favoured over casual speculators. How does one demonstrate the right kind of seriousness? By establishing a track record for buying big names when they're starting out; by making sure that the works in your collection go out on loan to high-profile exhibitions, and if it comes to it, by endowing an art prize or foundation. Anything to get your chosen acquisition good gossip.
Mark Twain once said of Wagner that his music is better than it sounds. Conceptualism is likewise committed to the premise that art can be better than it looks. The object, if there is one, is merely the vehicle for an idea - typically a less lucid vehicle than the accompanying wall text. Laurence Weiner's series of descriptions of possible artworks that he never went to the trouble of actually building may be viewed as an acknowledgement of this fact. Conceptualism is now old hat, of course, in as much as few contemporary artists would apply the term to themselves. But the inclinations that motivated the 1960s movement of which Weiner was a part - a hermetic, confrontational and deconstructive tendency - can be found in spades in subsequent generations. See, for instance, the Young British Artists who were notorious in the 1990s for cutting up sharks and exhibiting their unmade beds. Not much aestheticism there.
It is sometimes complained that the role of curator has seen a falling-off in recent years: where once exhibitions were assembled by meticulous scholars inspired only by a love of learning, now they are thrown together by philistines in a feverish pursuit of the zeitgeist and ticket revenues. To this I offer three objections. Firstly, there has always, so far as I know, been an element of entrepreneurialism in the staging of art shows. Secondly, many of the curators I have spoken to were very learned and impressive. Thirdly, some of the ones who weren't still put on interesting exhibitions. Naturally, things may still be going to hell in a handcart. I just haven't seen any evidence of it yet.
One of those doubly abused notions, which has been used to justify a lot of bad and boring art and also made a lot of press releases unnecessarily difficult to read. Jacques Derrida coined the word, though true to character he refused to offer a pithy explanation of what he meant by it ("All sentences of the type 'deconstruction is X'... miss the point," he once said). In art, the word tends to refer to a style that calls attention to itself, or that disrupts some other style, often with the nannyish intention of alerting the viewer to the work's artificiality. Bertolt Brecht was an early explorer of this terrain. During the 1940s he produced plays that undercut the theatrical illusion to bring about so-called "alienation effects", thereby (so the theory went) shaking audiences from their bourgeois torpor. In subsequent generations, the technique has been used as a fig leaf for artists too inept to make work about anything other than their own techniques.
A euphemistic way of describing an artist who is not famous or in-demand but who, on a charitable assessment, may yet become so. The expression has largely replaced talk of cutting-edge or avant-garde artists, which is odd. Why should these violent, military metaphors have given way to something as blandly statistical as the idea of emergence? A sociological puzzle I leave for the reader.
What the actual physical object is like, quite apart from what it means. Is it acceptable to care about this? Fashions change; at the moment, however, one may. Until further notice.
Someone who owns a gallery. The slightly Gallic ring to the word makes it sound like an art in its own right - as indeed it is. The art in question, however, is PR. Gallerists are the guardians of reputations; they will filter buyers for the artists they represent, knobble rivals, and attempt to influence the rate of productivity of their charges so as to match market demand. A thug's game played by gentlemen - or rich kids, at any rate.
An intermittently voguish style in which a painting or sculpture strives to be, in some respects, indistinguishable from the thing it represents. The effects can be very lifelike: the clammily convincing work of the Australian sculptor Ron Mueck, for example, takes one deep into the uncanny valley. If you have a spare afternoon in West London, there's always fun to be had by going to the Saatchi Gallery and standing very still. When some curious person starts peering up your nose, break the pose and introduce yourself. Then follow them to watch how they cower from all the other hyperrealist works in the place.
The use of (typically common or found) materials to transform an environment. Installations are the bane of art dealers' lives. No one wants to display a hospital gurney buried in a mound of wood bark in their living rooms. For artists unreconciled to the commercial dimensions of their industry, this is a large part of their appeal.
A word that has some legitimate application in anatomy, but that is more commonly found in mystifying arts press releases. It means, literally, pertaining to the space between two things. If an artist is neither one thing nor the other, it is polite to call his or her work interstitial.
A style in which the work of art is stripped down to its bare essence - some blank surfaces, the suggestion of a design. Remarkably, in most cases, that essence suggests little beyond a preference for minimalist aesthetics. As they say, inside every Wreck of the Medusa there's a plain white canvas waiting to get out.
An artist could be said to have successfully problematised their subject if they make the viewer see that something they had previously taken for granted is full of deep and tricky questions. In inventing cubism, Picasso is sometimes said to have problematised the concept of space; this, it is agreed, was a good thing for him to have done. There's a fine line, however, between showing that something is full of deep and tricky questions and looking as if, for reasons of education or neurology, you just can't get your head around it. Certain things - hygiene, personal finance, traffic regulations and so on - are best left unproblematised.
Artists who have worn out the designation "emerging" without ever making much of a splash may still achieve relevance. This happens if work in their mode suddenly becomes fashionable or newsworthy: the obscure or forgotten artist can then ride the slipstream of something else in which people are actually interested.
An exhibition area. Call it a space if you want to convince someone very naive that you are dashingly au fait with the intricacies of staging an exhibition, or if you have already used all its less pretentious synonyms so many times that they have started to lose meaning. Never otherwise.
An art movement invented by the Warhol-like Japanese tycoon Takashi Murakami that blurs the distinctions between high and low culture, art and commerce. In practice, this means commandeering venerable institutions such as the Guggenheim and using them to sell Manga-style figurines and Louis Vuitton handbags. This, you must admit, is clever.
A preview of an exhibition, which one attends by invitation. The artist is generally present, which can be awkward if, for example, you tend to make startled exclamations of disgust when confronted by work you don't immediately take to. The presence of vol-au-vents, however, is always nice.
The caption beside a piece of art when it appears in an exhibition. This is generally the point at which the curatorial sensibility behind a show is most clearly exposed. For example, the wall texts for the Tate's Lure of the East exhibition (now showing in Sharjah) were what several London reviewers seemed most interested in; there the political sensitivities of the organisers were at their tenderest. Captions may be quite voluminous - they often are in shows of historical material put together by a national institution. In edgier, more commercial settings, they tend to be laconic to the point of unhelpfulness: you're lucky to get a name and a date. Not that this matters: it's frightfully gauche to be seen to read the things at all. True art aficionados know it all already.
Will the pound fall to parity with the dollar?
The idea of pound parity now seems less far-fetched as the risk grows that Britain may split away from the European Union without a deal.
Rupert Harrison, a fund manager at BlackRock, sees the risk of it falling to trade level with the dollar on a no-deal Brexit. The view echoes Morgan Stanley’s recent forecast that the currency can plunge toward $1 (Dh3.67) on such an outcome. That isn’t the majority view yet – a Bloomberg survey this month estimated the pound will slide to $1.10 should the UK exit the bloc without an agreement.
New Prime Minister Boris Johnson has repeatedly said that Britain will leave the EU on the October 31 deadline with or without an agreement, fuelling concern the nation is headed for a disorderly departure and fanning pessimism toward the pound. Sterling has fallen more than 7 per cent in the past three months, the worst performance among major developed-market currencies.
“The pound is at a much lower level now but I still think a no-deal exit would lead to significant volatility and we could be testing parity on a really bad outcome,” said Mr Harrison, who manages more than $10 billion in assets at BlackRock. “We will see this game of chicken continue through August and that’s likely negative for sterling,” he said about the deadlocked Brexit talks.
The pound fell 0.8 per cent to $1.2033 on Friday, its weakest closing level since the 1980s, after a report on the second quarter showed the UK economy shrank for the first time in six years. The data means it is likely the Bank of England will cut interest rates, according to Mizuho Bank.
The BOE said in November that the currency could fall even below $1 in an analysis on possible worst-case Brexit scenarios. Options-based calculations showed around a 6.4 per cent chance of pound-dollar parity in the next one year, markedly higher than 0.2 per cent in early March when prospects of a no-deal outcome were seemingly off the table.
Bloomberg
Tentative schedule of 2017/18 Ashes series
1st Test November 23-27, The Gabba, Brisbane
2nd Test December 2-6, Adelaide Oval, Adelaide
3rd Test Dcember 14-18, Waca, Perth
4th Test December 26-30, Melbourne Cricket Ground, Melbourne
5th Test January 4-8, Sydney Cricket Ground, Sydney
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
Ultra processed foods
- Carbonated drinks, sweet or savoury packaged snacks, confectionery, mass-produced packaged breads and buns
- margarines and spreads; cookies, biscuits, pastries, cakes, and cake mixes, breakfast cereals, cereal and energy bars;
- energy drinks, milk drinks, fruit yoghurts and fruit drinks, cocoa drinks, meat and chicken extracts and instant sauces
- infant formulas and follow-on milks, health and slimming products such as powdered or fortified meal and dish substitutes,
- many ready-to-heat products including pre-prepared pies and pasta and pizza dishes, poultry and fish nuggets and sticks, sausages, burgers, hot dogs, and other reconstituted meat products, powdered and packaged instant soups, noodles and desserts.
WTL%20SCHEDULE
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Who has lived at The Bishops Avenue?
- George Sainsbury of the supermarket dynasty, sugar magnate William Park Lyle and actress Dame Gracie Fields were residents in the 1930s when the street was only known as ‘Millionaires’ Row’.
- Then came the international super rich, including the last king of Greece, Constantine II, the Sultan of Brunei and Indian steel magnate Lakshmi Mittal who was at one point ranked the third richest person in the world.
- Turkish tycoon Halis Torprak sold his mansion for £50m in 2008 after spending just two days there. The House of Saud sold 10 properties on the road in 2013 for almost £80m.
- Other residents have included Iraqi businessman Nemir Kirdar, singer Ariana Grande, holiday camp impresario Sir Billy Butlin, businessman Asil Nadir, Paul McCartney’s former wife Heather Mills.
Hunting park to luxury living
- Land was originally the Bishop of London's hunting park, hence the name
- The road was laid out in the mid 19th Century, meandering through woodland and farmland
- Its earliest houses at the turn of the 20th Century were substantial detached properties with extensive grounds
'The Batman'
Stars:Robert Pattinson
Director:Matt Reeves
Rating: 5/5
MATCH INFO
Champions League quarter-final, first leg
Ajax v Juventus, Wednesday, 11pm (UAE)
Match on BeIN Sports
COMPANY%20PROFILE
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Who's who in Yemen conflict
Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government
Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council
Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south
Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory
Veere di Wedding
Dir: Shashanka Ghosh
Starring: Kareena Kapoo-Khan, Sonam Kapoor, Swara Bhaskar and Shikha Talsania
Verdict: 4 Stars
A little about CVRL
Founded in 1985 by Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, the Central Veterinary Research Laboratory (CVRL) is a government diagnostic centre that provides testing and research facilities to the UAE and neighbouring countries.
One of its main goals is to provide permanent treatment solutions for veterinary related diseases.
The taxidermy centre was established 12 years ago and is headed by Dr Ulrich Wernery.
The five pillars of Islam
How to avoid crypto fraud
- Use unique usernames and passwords while enabling multi-factor authentication.
- Use an offline private key, a physical device that requires manual activation, whenever you access your wallet.
- Avoid suspicious social media ads promoting fraudulent schemes.
- Only invest in crypto projects that you fully understand.
- Critically assess whether a project’s promises or returns seem too good to be true.
- Only use reputable platforms that have a track record of strong regulatory compliance.
- Store funds in hardware wallets as opposed to online exchanges.
Profile
Company: Justmop.com
Date started: December 2015
Founders: Kerem Kuyucu and Cagatay Ozcan
Sector: Technology and home services
Based: Jumeirah Lake Towers, Dubai
Size: 55 employees and 100,000 cleaning requests a month
Funding: The company’s investors include Collective Spark, Faith Capital Holding, Oak Capital, VentureFriends, and 500 Startups.
Five famous companies founded by teens
There are numerous success stories of teen businesses that were created in college dorm rooms and other modest circumstances. Below are some of the most recognisable names in the industry:
- Facebook: Mark Zuckerberg and his friends started Facebook when he was a 19-year-old Harvard undergraduate.
- Dell: When Michael Dell was an undergraduate student at Texas University in 1984, he started upgrading computers for profit. He starting working full-time on his business when he was 19. Eventually, his company became the Dell Computer Corporation and then Dell Inc.
- Subway: Fred DeLuca opened the first Subway restaurant when he was 17. In 1965, Mr DeLuca needed extra money for college, so he decided to open his own business. Peter Buck, a family friend, lent him $1,000 and together, they opened Pete’s Super Submarines. A few years later, the company was rebranded and called Subway.
- Mashable: In 2005, Pete Cashmore created Mashable in Scotland when he was a teenager. The site was then a technology blog. Over the next few decades, Mr Cashmore has turned Mashable into a global media company.
- Oculus VR: Palmer Luckey founded Oculus VR in June 2012, when he was 19. In August that year, Oculus launched its Kickstarter campaign and raised more than $1 million in three days. Facebook bought Oculus for $2 billion two years later.
FIGHT%20CARD
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Company%20profile
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The%20specs
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Red flags
- Promises of high, fixed or 'guaranteed' returns.
- Unregulated structured products or complex investments often used to bypass traditional safeguards.
- Lack of clear information, vague language, no access to audited financials.
- Overseas companies targeting investors in other jurisdictions - this can make legal recovery difficult.
- Hard-selling tactics - creating urgency, offering 'exclusive' deals.
Courtesy: Carol Glynn, founder of Conscious Finance Coaching
Zayed Sustainability Prize
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.”
UAE currency: the story behind the money in your pockets