Cover page of the book Among You
Cover page of the book Among You

Book review: Jake Wood's extraordinary story on his life as a soldier



Among You
Jake Wood
Mainstream Publishing

It was once said of the rags-to-riches Pulitzer Prize-winning journalist Rick Bragg that he writes like a man on fire.

Author Jake Wood is also a burning man who shapes sentences with a poet's heart and a fighter's rage. The flames of the wars in Iraq and Afghanistan, where he served in the British Territorial Army, smoulder darkly on the pages of his book Among You.

Back home, he sleeps with a hammer beneath his bed. He keeps his bathroom door locked while taking a shower, even though he mostly lives alone. On London trains, the sight of a backpack makes him recoil, fearing it might be filled with explosives.

Wood, who split his time in the military with mind-numbing days sitting in front of a computer screen as a civilian analyst for a bank, has post-traumatic stress disorder (PTSD).

"When sleep comes late in the night now, the ghosts of the dead live on in my dreams," he writes. "And when the spectral grey fingers of dawn reach through the windows, I feel demons born of the monster coming for me from within. They torment me with their rage against reality and my guilt for having survived."

Only the most stoic among us will not shed a tear reading this harrowing account of loves found and lost, the brutality of war and the damages we do to each other - and to ourselves.

Wood's original compensation from the military for his wounds is a lump-sum payment of £9,075 (Dh50,000) for "pain and suffering".

When he returns from war for a final time, his PTSD forces him to go on sick leave from the bank. When that runs out, he is told he no longer has a job.

Thoughts of suicide have been his constant companion - when romantic relationships fall apart, when children with guns thousands of kilometres from London become the enemy. And when he feels his nation has turned its back on him and all the other psychologically wounded soldiers. But rather than recoil in total despair, Wood continues to get treatment for his mental-health problems.

With the aid of an altruistic legal team, he fights the system that did not give him and others a hero's welcome on return.

In June 2011, Wood learns he has won his financial battle. His payment is increased to £140,000 and he is eligible for a monthly guaranteed income of 75 per cent of his Afghanistan pay.

But Wood knows the fight is not over:

"I do not want to always inhabit the numb, grey limbo between Afghanistan and Home. I know I must learn to let colours back in again. I know I must find those 'better angels of my nature', before darkness overcomes them …

"And now I have lived a life less ordinary, for the rest of my life I want only the ordinary - with all its extraordinary everyday miracles."

For the reader, this one soldier's story is indeed extraordinary and a reminder that if you can write like Jake Wood, your life - whether lived in your head or in the world at large - will be far from ordinary.

rpretorius@thenational.ae

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Biography

Favourite drink: Must have karak chai and Chinese tea every day

Favourite non-Chinese food: Arabic sweets and Indian puri, small round bread of wheat flour

Favourite Chinese dish: Spicy boiled fish or anything cooked by her mother because of its flavour

Best vacation: Returning home to China

Music interests: Enjoys playing the zheng, a string musical instrument

Enjoys reading: Chinese novels, romantic comedies, reading up on business trends, government policy changes

Favourite book: Chairman Mao Zedong’s poems

Key facilities
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MISSION: IMPOSSIBLE – FINAL RECKONING

Director: Christopher McQuarrie

Starring: Tom Cruise, Hayley Atwell, Simon Pegg

Rating: 4/5

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.”

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Based: Vienna, Austria; started in Dubai

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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

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UAE currency: the story behind the money in your pockets
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Jeff Buckley: From Hallelujah To The Last Goodbye
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Name: Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.