The first essay in James Wood's latest book is an homage to The Who's drummer Keith Moon and his"formally controlled, joyously messy" drumming.
The first essay in James Wood's latest book is an homage to The Who's drummer Keith Moon and his"formally controlled, joyously messy" drumming.
The first essay in James Wood's latest book is an homage to The Who's drummer Keith Moon and his"formally controlled, joyously messy" drumming.
The first essay in James Wood's latest book is an homage to The Who's drummer Keith Moon and his"formally controlled, joyously messy" drumming.

James Wood at top of critique heap


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The title of Greatest Living Critic is a lofty one, a prestigious label in the world of letters, but one that James Wood has worn relatively humbly for the past decade. As with the best of his forebears, he routinely divides opinion, and yet admirers and detractors seem to be united in their admiration for his fruitful and insightful yields from gimlet-eyed close-reading, and his penetrative ability to get to the core of a novel. It has led fellow critic Cynthia Ozick to appeal for a "thicket of Woods". As one has yet to materialise, we should instead appreciate what we have and hope for a continued, consistently excellent output of literary appraisals and takedowns of both contemporary and classic fiction.

Four years on from Wood's astute primer, How Fiction Works, and we are now due another book. The Fun Stuff is a much-welcome collation of 23 discerning essays and reviews on authors and oeuvre. Whereas earlier collections had their contents linked by a unifying red thread - The Broken Estate and The Irresponsible Self could be decoded by their subtitles: Essays on Literature and Belief and On Laughter and the Novel - The Fun Stuff is simply a best-of compilation of dispatches for The New Yorker, TheNew Republic and the London Review of Books between 2004 and 2011. There is no binding theme, and the arrangement, though chronological, seems in places a flung-together hodgepodge (an essay on Geoff Dyer following one on Thomas Hardy); but, as most of the authors included are still writing, we can view it as an in-depth study and commentary on the modern novel.

That said, the first, eponymous essay is the odd one out. The Fun Stuff is an homage to The Who's Keith Moon and an autobiographical account of Wood's history of, not to mention talent for, drumming. Wood reveals his "sheltered, austerely Christian upbringing" and how he "got off on classical and churchy things". His interest in theology informed his first book of criticism (and flavoured his novel, The Book Against God - proof that not every critic is a novelist manqué) and that scriptural knowledge (and scepticism) seeps into several essays here. Cormac McCarthy's The Road highlights the book's eschatological plot, godless presence and "dilemmas of theodicy"; the novels of Marilynne Robinson, Wood argues, are infused with the author's own "founded ecstasies" and enriched by polarising meditations on faith. There is even an essay on religion, specifically the King James Bible. Theological thought imbues certain literary pieces, and in a similar vein Wood weaves literature into his musical essay. Keith Moon's "formally controlled and joyously messy" drumming is apparently akin to the more frantic sentences we see in DH Lawrence, Saul Bellow and David Foster Wallace.

Wood is a master at such blending. Each essay contains numerous voices, not only that of the writer under discussion. Other writers, philosophers and critics are referenced or quoted to validate a point or attest to a certain heritage or tradition. Wood expands each review by beginning with a salient theme and then illustrating his chosen author's relationship to it. Thus the McCarthy review is prefaced with a brief discourse on the post-apocalyptic novel; the lead-in to a review of Kazuo Ishiguro's Never Let Me Go expounds on the tricky knack of fusing literary fiction with sci-fi or fantasy.

However, Wood imports too much outside noise in a review of Joseph O'Neill's Netherland. What begins as a reading of the book as a postcolonial novel ends up a critique of Zadie Smith's misreading of it, resulting in her review being allotted the same review space as O'Neill's novel.

The two longest works here, essays on George Orwell and Edmund Wilson, show Wood's adroitness with quantity and quality. The former was lauded by the late Orwell aficionado Christopher Hitchens. The latter is redolent of an earlier essay on Harold Bloom, in which Wood demonstrated his fearlessness at taking on an acknowledged heavyweight. Bloom for Wood is past his prime, repetitive, keen to rank, and perhaps most scathing of all, no longer a critic but "a populist appreciator". Wilson comes off better and is lauded for his "pugnacious clarity" but is faulted for eschewing close textual reading. Wood follows in the tradition of Matthew Arnold and TS Eliot (and even Bloom) by favouring an aesthetic approach to literature and for isolating key chunks of text to pan for both beauty and meaning.

Wood is equally efficient and just as renowned for his turn of phrase. It is here, though, that we find his strengths and weaknesses. On the plus side, his quirkier descriptions always hit the mark: the reader grows sated with Norman Rush's language "as houseguests sometimes want to escape their overvivid hosts"; Aleksandar Hémon is "a postmodernist who has been mugged by history". Wood's metaphors stay resolutely unmixed: Ishiguro's characters' "freedom is a tiny hemmed thing, their lives a vast stitch-up"; Orwell, bringing his description to already extant fictional worlds, "needed a drystone wall already up, so that he could bring his mortar to it and lovingly fill in the gaps". At times his descriptions are necessarily stark, and calling VS Naipaul "the public snob, the grand bastard" gets us straight to the point.

But Wood is deaf to his more flowery, overwrought phrasing, and clearly no editor is prepared to take a red pen to such ornamental flourishes. An essay on Anna Karenina in The Irresponsible Self contained, for my money, his worst example (Tolstoy is "a beast of instinct who can outrun the nervous zoologists of form") and in this collection he continues to veer from the baroque (Gogol didn't hide his plot, he "garaged his secret") to the nonsensical (schoolchildren have large musical instrument cases strapped to them "like diligent coffins").

Several essays in The Fun Stuff also exhibit uncharacteristic erratic displays of conviction, to the extent that we require a leap of faith to believe in Wood's argument. Orwell "almost certainly got this eye for didactic detail from Tolstoy"; Ian McEwan "may be aware that Rousseau hovers behind him", and "Graham Greene and George Orwell may have been closer models" for him; "what [Dostoevsky] probably liked about Eugene Onegin was its utter absence of rational motive". The "certainly" is Wood overstating his case, and with the modifying "may" and "probably" he is timidly hedging his bets.

However, these are rare lapses. Elsewhere, and shorn of these shaky props, he excels and convinces with carefully substantiated arguments, in turn subtly theorising and forcibly ramming his points home. Wood is immensely, omnivorously well-read (in the Hardy essay, he seems to have devoured not only his fiction but also all poems, letters, notebooks and biographies), able to connect an idea with that of a like-minded literary antecedent. A line by Ishiguro is linked to a Kafka story and then to one by Beckett, from which we bounce to Hardy's Tess before culminating in a similar line in a Hardy poem. The result is like watching dexterously skimmed stones, only each ripple never diminishes in size.

In recent years, Wood has been criticised for a steadfast avowal of realism over all other schools of literature. In Joseph Anton, Salman Rushdie dubs him "the malevolent Procrustes of literary criticism" for his inflexibility towards other genres, chiefly Rushdie's magical realism. The Fun Stuff doesn't do a lot to level that lopsidedness (an essay on Paul Auster is in effect a hatchet job on Auster's shallow prose) but there is an illuminating piece on the avant-garde fictions of László Krasznahorkai and WG Sebald gets his due for inheriting Thomas Bernhard's "diction of extremism".

In How Fiction Works, Wood argued that "the novel is the great virtuoso of exceptionalism: it always wriggles out of the rules thrown around it." Wood is also a virtuoso of exceptionalism in that he has, at present, as a critic, no equal. It wouldn't be too great an exaggeration to subtitle The Fun Stuff - How Criticism Works. But how it works and how it is done are two separate matters. I doubt even Wood can articulate how he does it. The fact is, he can do it, and after all this time he still remains at the top of his game, with no one quite tall enough to snatch his crown.

Malcolm Forbes is a freelance essayist and reviewer.

GIANT REVIEW

Starring: Amir El-Masry, Pierce Brosnan

Director: Athale

Rating: 4/5

Iran's dirty tricks to dodge sanctions

There’s increased scrutiny on the tricks being used to keep commodities flowing to and from blacklisted countries. Here’s a description of how some work.

1 Going Dark

A common method to transport Iranian oil with stealth is to turn off the Automatic Identification System, an electronic device that pinpoints a ship’s location. Known as going dark, a vessel flicks the switch before berthing and typically reappears days later, masking the location of its load or discharge port.

2. Ship-to-Ship Transfers

A first vessel will take its clandestine cargo away from the country in question before transferring it to a waiting ship, all of this happening out of sight. The vessels will then sail in different directions. For about a third of Iranian exports, more than one tanker typically handles a load before it’s delivered to its final destination, analysts say.

3. Fake Destinations

Signaling the wrong destination to load or unload is another technique. Ships that intend to take cargo from Iran may indicate their loading ports in sanction-free places like Iraq. Ships can keep changing their destinations and end up not berthing at any of them.

4. Rebranded Barrels

Iranian barrels can also be rebranded as oil from a nation free from sanctions such as Iraq. The countries share fields along their border and the crude has similar characteristics. Oil from these deposits can be trucked out to another port and documents forged to hide Iran as the origin.

* Bloomberg

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Profile

Name: Carzaty

Founders: Marwan Chaar and Hassan Jaffar

Launched: 2017

Employees: 22

Based: Dubai and Muscat

Sector: Automobile retail

Funding to date: $5.5 million

UAE central contracts

Full time contracts

Rohan Mustafa, Ahmed Raza, Mohammed Usman, Chirag Suri, Mohammed Boota, Sultan Ahmed, Zahoor Khan, Junaid Siddique, Waheed Ahmed, Zawar Farid

Part time contracts

Aryan Lakra, Ansh Tandon, Karthik Meiyappan, Rahul Bhatia, Alishan Sharafu, CP Rizwaan, Basil Hameed, Matiullah, Fahad Nawaz, Sanchit Sharma

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.”