As O’Rourke explains, every one cent coin minted costs the US taxpayer two cents.
As O’Rourke explains, every one cent coin minted costs the US taxpayer two cents.

His two cents



Two things made PJ O'Rourke stand out when was making his name as a foreign reporter in the 1980s. The first was that he was a deeply conservative Republican. It made for an unusual, dissenting voice in an industry that often feigns objectivity or simply reports from the left. There were plenty of right-wing pontificators who were prepared to argue that if Bob Geldof really wanted to help Africa he should be raising money for a ton of explosives to stick under the thrones of half a dozen corrupt rulers. Yet there were very few who concluded as much having gone there, nosed around the corrupt systems, experienced the suffering first-hand and rendered it all in tragicomic prose.

What really made O'Rourke special, however, was his sense of humour. At his peak, he was a very funny writer indeed - he's still the most-quoted writer in the Oxford Book of Humorous Quotations. He may have analysed foreign affairs from a political standpoint, but he was also prepared to snipe at targets on both sides of the fence. That not only made the humour more effective (comedy rarely works when it preaches), but gave his reporting greater authority.

And that tendency is still there. His latest book, Don't Vote It Just Encourages the Bastards, is not a piece of reportage - it is supposed to be a tract in support of conservative liberalism. But it is often funniest when criticising the right. "Conservative policies on immigration are as stupid as conservative attitudes toward immigrants are gross," O'Rourke writes at one point. "George W Bush, at his most beneficent, said that if illegal immigrants wanted citizenship they would have to do three things: pay taxes, learn English, and work in a meaningful job. Bush didn't meet two out of three of those qualifications."

Such a style is suited to foreign reportage, or rather, reportage makes a suitable clothes-horse for this style. O'Rourke writes with exquisite anger about the Middle East, from where, years ago, he penned some of his finest dispatches: "The aftermath of the 1991 Gulf War still makes me sick… A generation later, people were glad to see us [in Iraq] until they noticed that we'd forgotten to bring along anyone to feed or doctor the survivors of shock and awe…" And he is also quick to mock the absurdities of America's involvement in the Balkans: "Where were we when Clinton was dithering over the massacres in Kosovo and decided, at last, to send Kosovan Serbs a message: Mess with the United States and we'll wait six months then bomb the country next to you."

The problem is that O'Rourke overreaches. That epigrammatic approach works very well when interspersed with telling interviews and front-line observations. When the author is trying - and too often failing - to grapple with political and economic ideas, it ends up masking lackadaisical thinking. The entire chapter on climate change pointedly runs to only half a side ("There's not a goddamn thing you can do about it… there are 1.3 billion people in China, and they all want a Buick… go tell 1.3 billion Chinese they can never have a Buick. Then, assuming the Sierra Club helicopter has rescued you in time, I want you to go tell a billion people in India the same thing"). Amusing enough - but does that mean there's no point discussing, say, diplomatic policy or environmental summits?

This tendency towards oversimplification runs deeper when it comes to presenting the thrust of his thesis, namely, that government in America is too big. On the one hand, O'Rourke marshals his anecdotal evidence effectively. He explains, for example, that it costs the US Government two cents to manufacture a one-cent piece, because of a rising commodities market that drove up zinc prices; "In for a penny, in for $16 million of wasted tax dollars spent to put eight billion pennies into circulation." A campaign has started to stop producing the coins. Yet the zinc suppliers have managed to block it by paying a political consulting firm $180,000 to lobby against new legislation. "It is rather wonderful that for a mere $180,000 you can get government to sit there like a lump… what if Japan's bombing of Pearl Harbor… or Napoleonic France's invasion of Russia could have been prevented for $180,000. The miracle of democracy - always letting us get our two cents in." He's strong, too, on the Affordable Health Care for America Act 2009, whose 1,990 pages of legislation weren't read by the legislators who passed it, as opposed to the eight pages of US Constitution used "to run a whole country for 221 years".

Brevity in legislation is one thing; here, O'Rourke's argument could do with a little expansion. We know that governments have always passed legislation for its own sake, but there's plenty of it which is necessary. He might have asked how a distinction between useful and useless can be made. Instead he's already moved on to the effect that runaway law has had on America. The growth of government, O'Rourke believes, lead to increased expectation of positive rights - "gimme rights," such as the right to education. In fact, he says, no such right exists. A selfish view? No, he argues: there's an important difference between individualism and self-interest: "To get rid of our positive rights we have to embrace our duties. The helpless and hapless don't have a right to our assistance, but we have absolutely inescapable… duties to assist them."

There's an obvious question here: what happens if people don't do their bit? The danger, according to O'Rourke, is that their duties "get turned over to the committee brain of politics". He's quite amusing on the problems inherent in committee thinking, but concedes politics will always be involved in the execution of those duties, and the extent to which it does so is "where the fun starts". The problem is that it should also be where his argument starts, rather than where it finishes. Instead, we just get a few vague lines on how society needs to provide "ungovernmental ways of being powerful", by which he means decentralisation of government. Oh, and by making money, of course; and it's on this issue that the problem of sweeping generalisation really grates.

O'Rourke is an unabashed free-marketeer, a disciple of Milton Friedman and Friedrich Hayek. To say this is unfashionable after a global financial meltdown is an understatement: "Joe Jerk down the road from me, with the cars up on blocks in his front yard, fell behind in his mortgage payments and the economy of Iceland collapsed. I'm missing a few parts of the puzzle myself." Pressing on undaunted, O'Rourke maintains that the historical failures of collectivisation ("the people who are thus collectivized immediately choose any available alternative, from getting drunk on Indian reservations or getting shot climbing the Berlin wall") leave the free market as the only game in town. Its pronouncements are inescapable; as with a bathroom scale, while we might not like what we see, "we can't pass a law making ourselves weigh ten stone". Here, the folksy style positions the free market as a natural and inevitable form of social organisation, which is more than many economists would say for it.

And from this position, O'Rourke argues that government exacerbated the financial crisis. He might be right when he argues elements of it didn't help - just as the South Sea Bubble was born of machinations to fund Britain's budget deficit, so the 2008 crisis was exacerbated by Alan Greenspan's attempts to manipulate interest rates. But he's far less convincing in claiming that the problem was the fug resulting from centralised control: "We've had the rule of law largely in our hands since 1980. Where was the transparency?" It's fine to make this point, but without developing it the Keynesians are hardly likely to shake in their boots.

This is the story of the whole tract. O'Rourke is out of his comfort zone, covering subjects that don't suit his style. His last armchair book, The CEO of the Sofa, worked - but he was talking about wine, music and his neighbours. The funniest section in Don't Vote is where he's talking about today's political "shouters", such Bill O'Reilly and Michael Moore ("We've all backed away from this shouting guy while vigorously nodding our heads in agreement. Often the shouting guy we were backing away from was our dad..."). Ironically, O'Rourke's lack of sophistication means he ends up only marginally less of a ranter himself.

Alan White's work has appeared in The Times Literary Supplement, The Guardian, The Observer, Private Eye and The Oldie.

TWISTERS

Director:+Lee+Isaac+Chung

Starring:+Glen+Powell,+Daisy+Edgar-Jones,+Anthony+Ramos

Rating:+2.5/5

COMPANY PROFILE


Company name: Clara
Started: 2019
Founders: Patrick Rogers, Lee McMahon, Arthur Guest, Ahmed Arif
Based: Dubai
Industry: LegalTech
Funding size: $4 million of seed financing
Investors: Wamda Capital, Shorooq Partners, Techstars, 500 Global, OTF, Venture Souq, Knuru Capital, Plug and Play and The LegalTech Fund

The biog

Name: Abeer Al Shahi

Emirate: Sharjah – Khor Fakkan

Education: Master’s degree in special education, preparing for a PhD in philosophy.

Favourite activities: Bungee jumping

Favourite quote: “My people and I will not settle for anything less than first place” – Sheikh Mohammed bin Rashid.

EMIRATES'S REVISED A350 DEPLOYMENT SCHEDULE

Edinburgh: November 4 (unchanged)

Bahrain: November 15 (from September 15); second daily service from January 1

Kuwait: November 15 (from September 16)

Mumbai: January 1 (from October 27)

Ahmedabad: January 1 (from October 27)

Colombo: January 2 (from January 1)

Muscat: March 1 (from December 1)

Lyon: March 1 (from December 1)

Bologna: March 1 (from December 1)

Source: Emirates

Most polluted cities in the Middle East

1. Baghdad, Iraq
2. Manama, Bahrain
3. Dhahran, Saudi Arabia
4. Kuwait City, Kuwait
5. Ras Al Khaimah, UAE
6. Ash Shihaniyah, Qatar
7. Abu Dhabi, UAE
8. Cairo, Egypt
9. Riyadh, Saudi Arabia
10. Dubai, UAE

Source: 2022 World Air Quality Report

MOST POLLUTED COUNTRIES IN THE WORLD

1. Chad
2. Iraq
3. Pakistan
4. Bahrain
5. Bangladesh
6. Burkina Faso
7. Kuwait
8. India
9. Egypt
10. Tajikistan

Source: 2022 World Air Quality Report

RESULT

Arsenal 1 Chelsea 2
Arsenal:
Aubameyang (13')
Chelsea: Jorginho (83'), Abraham (87') 

England XI for second Test

Rory Burns, Keaton Jennings, Ben Stokes, Joe Root (c), Jos Buttler, Moeen Ali, Ben Foakes (wk), Sam Curran, Adil Rashid, Jack Leach, James Anderson

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.”

Confirmed bouts (more to be added)

Cory Sandhagen v Umar Nurmagomedov
Nick Diaz v Vicente Luque
Michael Chiesa v Tony Ferguson
Deiveson Figueiredo v Marlon Vera
Mackenzie Dern v Loopy Godinez

Tickets for the August 3 Fight Night, held in partnership with the Department of Culture and Tourism Abu Dhabi, went on sale earlier this month, through www.etihadarena.ae and www.ticketmaster.ae.

Zimbabwe v UAE, ODI series

All matches at the Harare Sports Club:

1st ODI, Wednesday, April 10

2nd ODI, Friday, April 12

3rd ODI, Sunday, April 14

4th ODI, Tuesday, April 16

UAE squad: Mohammed Naveed (captain), Rohan Mustafa, Ashfaq Ahmed, Shaiman Anwar, Mohammed Usman, CP Rizwan, Chirag Suri, Mohammed Boota, Ghulam Shabber, Sultan Ahmed, Imran Haider, Amir Hayat, Zahoor Khan, Qadeer Ahmed

Our family matters legal consultant

Name: Hassan Mohsen Elhais

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

Some of Darwish's last words

"They see their tomorrows slipping out of their reach. And though it seems to them that everything outside this reality is heaven, yet they do not want to go to that heaven. They stay, because they are afflicted with hope." - Mahmoud Darwish, to attendees of the Palestine Festival of Literature, 2008

His life in brief: Born in a village near Galilee, he lived in exile for most of his life and started writing poetry after high school. He was arrested several times by Israel for what were deemed to be inciteful poems. Most of his work focused on the love and yearning for his homeland, and he was regarded the Palestinian poet of resistance. Over the course of his life, he published more than 30 poetry collections and books of prose, with his work translated into more than 20 languages. Many of his poems were set to music by Arab composers, most significantly Marcel Khalife. Darwish died on August 9, 2008 after undergoing heart surgery in the United States. He was later buried in Ramallah where a shrine was erected in his honour.


The Arts Edit

A guide to arts and culture, from a Middle Eastern perspective

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