When the hard, sad fact of David Foster Wallace’s death surfaced in September 2008, it was 12 years since he had last published a novel. Only a few of those closest to him knew about the long, troublesome fiction project to which he had devoted the previous 10 years, working, we’re told, until his depression became so severe that he could no longer write. Wallace’s suicide – he hanged himself at his home in Claremont, California, aged 46 – left the book unfinished.
Now, two-and-a-half years on, this week sees the publication of The Pale King, a version of that unfinished novel patched together from thousands of draft pages – some typed, some handwritten into a variety of notebooks – that were assembled by Wallace's long-time editor and friend, Michael Pietsch.
"The Pale King seems to me," says Pietsch, "as deep and as brave as anything he ever wrote" – praise of the highest kind, given that Wallace was undoubtedly one of the most important, most daring and most brilliant American novelists of his generation. No surprise, then, that The Pale King is being published to vast attention.
But behind the literary clamour is a fierce argument. That is, should Pietsch and Little, Brown and Company – Wallace's US publishers – have published the book at all? Would Wallace have wanted this writing to become public? And given that Wallace – famous for his perfectionism – was not around to finish the novel or oversee its editing, can The Pale King really be called a "David Foster Wallace novel"?
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It’s a debate that strikes at the heart of our ideas of ownership, art and the creative process, and one that is currently being played out across the media.
So is it ever right to publish work without an author’s express permission? And, if not, how many literary masterpieces would we have had to do without?
In the case of The Pale King, we're told that Wallace left no instructions. Those around him, though, have argued that his intentions were clear enough. At the heart of the book is a 250-page typed manuscript that Wallace left in a neatly stacked pile on the centre of his desk: the pages were discovered by his wife, Karen Green, along with Wallace's literary agent Bonnie Nadell. Pietsch has said: "To me, the fact that he left those pages on his work table is proof that he wanted the book published." Nadell, meanwhile, has said of discovering the manuscript: "If there had been a spotlight on those pages they couldn't have been more obvious. I felt in my heart, and so did Karen, that he wanted people to see it, and ultimately the reasons to publish outweighed the reasons not to."
To read The Pale King is to understand how even a writer of Wallace's capacity could struggle with it for 10 years and still not finish. In scope and ambition, it is a sister to 1996's Infinite Jest: the sprawling, polyphonic, 1,200-page masterpiece that captured the self-conscious angst of generation X, and that made Wallace famous.
The Pale King is set in a tax office in Illinois: we follow a cast of employees as they go about their rote, tedious work and remember times in which they lived more fully. Wallace, it seems, set out to write about boredom; no surprise, then, that some pages are themselves less than electrifying. Whole chapters, though, are exactly that: the kind of nuanced, thrillingly intelligent, soulful writing that prompted Zadie Smith to call Wallace "an actual genius". Would we want to be without them?
Against those arguing that The Pale King should not have been published are some who say that great art belongs not to its author, but to everyone. Wallace, they say, may have intended that the The Pale King be published, or he may not: it doesn’t really matter.
Archie Bland, a journalist and book critic who has reviewed the novel for a UK broadsheet, is among them. “First, I think that if those closest to Wallace – including his wife – saw fit to publish, then I don’t see what position you or I or some blogger is in to know better,” says Bland. “But it’s one thing to argue about whether Wallace wanted this work published. Bluntly, I think that in the case of a significant writer, the value of the work is more important than any knowledge we have about the intentions of its author. Wallace is one of the most significant writers of the last 20 years. If you take that seriously, how can you not publish? “Imagine that we were talking about a valuable piece of scientific work: no one would say that we should extinguish that work after the death of its author. Why should we treat a valuable piece of literature any differently?”
The argument certainly has pedigree. In 1924, the writer and editor Max Brod ignored the last will and testament of his friend Franz Kafka, which instructed him to burn all of Kafka's unpublished writings. Had he followed the instructions, we would not have the The Trial or The Castle. True, most cases of posthumous publication are not as aesthetically important: when Vladimir Nabokov's unfinished novel, The Original of Laura, was finally published in 2009 it was widely considered a disappointment. But even in instances such as that there is a clear literary value to the text.
In that light, the case against publication seems hard to sustain. But alongside the debate over whether The Pale King should ever have made its way outside Wallace's office has come another, more subtle argument. All right, it runs, The Pale King is published: but can it really be called a Wallace novel, when it is likely that, had Wallace been around, the final book would have differed in significant ways?
Or, as American journalist Tom Scocca put in on the Slate website: "David Foster Wallace wrote two novels, and The Pale King is not one of them."
Pietsch says that he took thousands of draft pages from Wallace’s office in duffel bags, before later assembling them into the form they take in the published book. In his introduction he tells how these pages suggested no definite structure, and how the final chapter order is his. What’s more, we have no idea how close to “finished” Wallace considered the book. Bland offers a way out of the problem:
“It has to be considered an addendum,” he says. “It’s unfair to judge it by usual critical standards because Wallace didn’t have the chance to finish it.”
There's no doubt The Pale King bears the stamp both of Wallace and Pietsch. Remember, though, that many conventional works of fiction combine to a surprising extent the joint efforts of writer and editor: in 2009 the literary world discovered how radically the best-known short stories of Raymond Carver had been altered by his editor, Gordon Lish, before publication. The difference there, of course, is that Carver agreed – however reluctantly – to publication, whereas Wallace did not.
Ultimately, the answers to these two questions – the legitimacy of publication, and our attitude as readers to the published text – throw light on one another. Publication of a work of fiction as important as The Pale King is surely legitimate; but if that work is unfinished, we must construct that legitimacy ourselves – we must purchase our communal ownership – by making sure we honour the experience of the work's first owner, who was its author.
Read The Pale King. And remember that had Wallace not succumbed to a terrible existential crisis, it would have been even better.
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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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Living in...
This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.
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Ten tax points to be aware of in 2026
1. Domestic VAT refund amendments: request your refund within five years
If a business does not apply for the refund on time, they lose their credit.
2. E-invoicing in the UAE
Businesses should continue preparing for the implementation of e-invoicing in the UAE, with 2026 a preparation and transition period ahead of phased mandatory adoption.
3. More tax audits
Tax authorities are increasingly using data already available across multiple filings to identify audit risks.
4. More beneficial VAT and excise tax penalty regime
Tax disputes are expected to become more frequent and more structured, with clearer administrative objection and appeal processes. The UAE has adopted a new penalty regime for VAT and excise disputes, which now mirrors the penalty regime for corporate tax.
5. Greater emphasis on statutory audit
There is a greater need for the accuracy of financial statements. The International Financial Reporting Standards standards need to be strictly adhered to and, as a result, the quality of the audits will need to increase.
6. Further transfer pricing enforcement
Transfer pricing enforcement, which refers to the practice of establishing prices for internal transactions between related entities, is expected to broaden in scope. The UAE will shortly open the possibility to negotiate advance pricing agreements, or essentially rulings for transfer pricing purposes.
7. Limited time periods for audits
Recent amendments also introduce a default five-year limitation period for tax audits and assessments, subject to specific statutory exceptions. While the standard audit and assessment period is five years, this may be extended to up to 15 years in cases involving fraud or tax evasion.
8. Pillar 2 implementation
Many multinational groups will begin to feel the practical effect of the Domestic Minimum Top-Up Tax (DMTT), the UAE's implementation of the OECD’s global minimum tax under Pillar 2. While the rules apply for financial years starting on or after January 1, 2025, it is 2026 that marks the transition to an operational phase.
9. Reduced compliance obligations for imported goods and services
Businesses that apply the reverse-charge mechanism for VAT purposes in the UAE may benefit from reduced compliance obligations.
10. Substance and CbC reporting focus
Tax authorities are expected to continue strengthening the enforcement of economic substance and Country-by-Country (CbC) reporting frameworks. In the UAE, these regimes are increasingly being used as risk-assessment tools, providing tax authorities with a comprehensive view of multinational groups’ global footprints and enabling them to assess whether profits are aligned with real economic activity.
Contributed by Thomas Vanhee and Hend Rashwan, Aurifer
Section 375
Cast: Akshaye Khanna, Richa Chadha, Meera Chopra & Rahul Bhat
Director: Ajay Bahl
Producers: Kumar Mangat Pathak, Abhishek Pathak & SCIPL
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Living in...
This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.
The biog
Birthday: February 22, 1956
Born: Madahha near Chittagong, Bangladesh
Arrived in UAE: 1978
Exercise: At least one hour a day on the Corniche, from 5.30-6am and 7pm to 8pm.
Favourite place in Abu Dhabi? “Everywhere. Wherever you go, you can relax.”
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Try out the test yourself
Q1 Suppose you had $100 in a savings account and the interest rate was 2 per cent per year. After five years, how much do you think you would have in the account if you left the money to grow?
a) More than $102
b) Exactly $102
c) Less than $102
d) Do not know
e) Refuse to answer
Q2 Imagine that the interest rate on your savings account was 1 per cent per year and inflation was 2 per cent per year. After one year, how much would you be able to buy with the money in this account?
a) More than today
b) Exactly the same as today
c) Less than today
d) Do not know
e) Refuse to answer
Q4 Do you think that the following statement is true or false? “Buying a single company stock usually provides a safer return than a stock mutual fund.”
a) True
b) False
d) Do not know
e) Refuse to answer
The “Big Three” financial literacy questions were created by Professors Annamaria Lusardi of the George Washington School of Business and Olivia Mitchell, of the Wharton School of the University of Pennsylvania.
Answers: Q1 More than $102 (compound interest). Q2 Less than today (inflation). Q3 False (diversification).
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- Specialist robotics and science laboratories
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- Disruption Lab and Research Centre for developing entrepreneurial skills