It was surely the most interesting corporate tweet for quite some time. When Apple’s Eddy Cue – a senior vice-president at the largest publicly traded corporation in the world, no less – tweeted earlier this week, “We hear you @taylorswift13, Apple will always make sure that artists are paid”, it was not only an admission that the company had got its royalties policy for its new music-streaming service spectacularly wrong. It was confirmation, too, that Taylor Swift had, at 25, become one of the most powerful women in music.
That's an incredible state of affairs, given her self-titled debut album in 2006 was the kind of teenage country-music record that are 10-a-penny in Nashville. Nine years and four albums later, her current release 1989's enthralling mix of breezy 21st-century pop and autobiographical songwriting has now sold nearly nine million copies worldwide. No wonder Apple Music needed her onside.
Yes, a Swift-less Apple Music would have left a gaping hole in a service promising "all the music you could ever want". But Apple was worried because Swift also has influence – Bloomberg Businessweek's memorable headline from November last year ran "Taylor Swift is the music industry".
When her Tumblr post entitled "To Apple, Love Taylor" explained the reasons behind holding back 1989 from Apple Music, she called the company's decision to not pay royalties to artists during a three-month trial period "shocking, disappointing, and completely unlike this historically progressive and generous company". But the well-thought-out statement was clearly not just an outburst from a singer-songwriter already worth an estimated US$200 million (Dh735m). Particularly when she continued: "This is about the new artist or band that has just released their first single and will not be paid for its success... [and] these are the echoed sentiments of every artist, writer and producer in my social circles who are afraid to speak up publicly because we admire and respect Apple so much."
Those social circles include Ed Sheeran, Lena Dunham, Lorde and, as The Guardian noted late last year, "pretty much any smart and interesting young woman in the public eye". Oh, and the small matter of her 59 million followers on Twitter. All of whom – including Apple – know that Swift is in the enviable position of having the wealth to be able to take a stand.
In November, she removed all her records from Spotify, the popular and successful music-streaming service that Apple hopes to usurp. It was potentially a huge gamble given 75 million people across the globe use Spotify to listen to music. But her rationale was clear. “I’m not willing to contribute my life’s work to an experiment that I don’t feel fairly compensates the writers, producers, artists, and creators of this music,” she told Yahoo Music.
The telling line in that statement was the description of her music career as her “life’s work”. Because, for all the laudable campaigning and philanthropic work she undertakes – she’s given $4 million to fund a new education centre in Nashville, promotes children’s literacy and is a vocal supporter of hundreds of charities – it can easily be overlooked that she’s written and produced some of the most interesting, polished and downright fun pop records of recent times.
But then even from an incredibly young age, Swift has been very much in control of her career. Begging her mother to take her on 1,300-kilometre road trips to Nashville from their Pennsylvania home as an 11-year-old, by 14, she’d convinced her father to transfer to the Nashville office of Merrill Lynch, after record company RCA offered her a development deal. Incredibly, she then walked away from the biggest record label in country music when they said they were unlikely to release any of her music until she was 18.
"I mean, I was 14," she told The Daily Telegraph in 2009. "I genuinely felt that I was running out of time. I'd written all these songs and I wanted to capture these years of my life on an album while they still represented what I was going through."
She did that on her debut, eponymous album. Listen to first single Tim McGraw now, with its soft 12-string acoustic, fiddle and homely story of a summer romance coming to an end, and it's not difficult to see why the country music scene immediately took the 16-year-old to their hearts in 2006.
With hindsight, it was the other singles that really set the Swift template. Our Song still boasts all the country tropes, but is defiantly pop in outlook, celebrated at the time by Rolling Stone as a combination of Britney Spears and Patsy Cline. Picture To Burn, with its indignant chorus ("I hate that stupid old pickup truck/ You never let me drive/ You're a redneck heartbreak/ Who's really bad at lying") was a sassy, tongue-in-cheek feminist anthem.
She told MTV years later that writing Taylor Swift was like "recording your diary over the years, and that's a gift". Not only to her, but the millions of young girls who quickly identified with this effortlessly normal, ringleted teenager who wrote her own songs and wanted the world to hear them. Not least because, unlike most country music artists, Swift used the then-ubiquitous MySpace to reach them – ironic, given her later stance on streaming music. All of which meant Taylor Swift was a slow burner, but by the time she was competing for best new artist Grammy with Amy Winehouse in 2008, she'd already sold enough records to make the follow-up eagerly anticipated.
Musicians who enjoy spectacular success so young are damned to hyperbole, but there was something very true in New York magazine's assertion that in so "captivatingly nailing everything that is awesome and awful about coming of age" the musician with which she bore the most comparison was The Beach Boys' Brian Wilson. By this point, her second album, Fearless, was already alerting people beyond the country-music firmament that Swift had something about her – not least when a track from it, You Belong with Me, beat Beyonce's Single Ladies (Put a Ring on It) to the MTV Video Music Award for Best Female Video in 2009.
It wasn’t so much that Swift was the first country-music artist to win the accolade that proved how far, and how quickly, America had fallen in love with her. It was the reaction to Kanye West interrupting her acceptance speech on live television. Stars such as Pink, Janet Jackson and Katy Perry (who Swift would later fall out with) came out in her defence, and when the president of the United States was caught on tape calling West a “jackass”, Swift had moved on to an entirely new level of celebrity fame.
Which, naturally, has its pitfalls. Her love life – Swift has had a string of public and short-lived relationships with the likes of Jake Gyllenhaal and One Direction’s Harry Styles – has been scrutinised and mocked in a way male artists seldom have to endure. And when she writes about those romances in her songs, as every artist has done over the years, she’s often criticised for being bitter.
But Swift has taken on the critics head on in her lyrics – her 2014 single Shake It Off has the lines: "I go on too many dates/ But I can't make them stay / At least, that's what people say." And one of the many reasons she continues to enjoy such acclaim is that she changes the narrative about women "unlucky" in love. As she said last year, 1989, from which Shake It Off is taken, doesn't have jilted, pining songs about lost love. It's about going "out into the world and making changes in your life on your own terms, friends on your own terms".
There is little, musically, connecting Shake It Off with Tim McGraw. But because Swift appears to have stayed essentially the same person she's always been, the progression to global superstar has been effortless. No major rock-star meltdowns here, just a genuine love for her fans and the music.
Not everything she touches turns to gold – the “feud” with Katy Perry, which began over hiring dancers for an arena tour, is ridiculous, and some concert photographers have taken issue with her image-rights policy. But generally, there’s no “image” to speak of, she believes in the songs she writes and, increasingly, they’re about empowerment and womanhood – without resorting to cliché or bashing everyone over the head with warrior feminism.
Perhaps the moment "Country Taylor Swift" crossed over into bone fide "Pop Star Taylor Swift" exemplifies her allure. Her first American Billboard No 1, 2012's We Are Never Ever Getting Back Together, has all the narrative smarts that define country music, but at the same time is defiantly, effervescently pop. It's a fun break-up song, one that celebrates the power of friendship and laughs at try-hard men.
In the video, Swift jumps around in pyjamas. Her band are in animal suits. It's quite amusing to think that the same person now influences Apple policy. That'll be, as Time magazine put it on their cover in November, "The power of Taylor Swift".
weekend@thenational.ae
An earlier version of the story said that Taylor Swift won the 2009 Best Female Video over Beyonce’s Crazy in Love which was incorrect.
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COMPANY%20PROFILE
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The five pillars of Islam
Killing of Qassem Suleimani
THE SPECS
Engine: 4.0L twin-turbo V8
Gearbox: eight-speed automatic
Power: 571hp at 6,000rpm
Torque: 800Nm from 2,000-4,500rpm
Fuel economy, combined: 11.4L/100km
Price, base: from Dh571,000
On sale: this week
Things Heard & Seen
Directed by: Shari Springer Berman, Robert Pulcini
Starring: Amanda Seyfried, James Norton
2/5
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.
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- Critically assess whether a project’s promises or returns seem too good to be true.
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What can you do?
Document everything immediately; including dates, times, locations and witnesses
Seek professional advice from a legal expert
You can report an incident to HR or an immediate supervisor
You can use the Ministry of Human Resources and Emiratisation’s dedicated hotline
In criminal cases, you can contact the police for additional support
The specs
Engine: 77.4kW all-wheel-drive dual motor
Power: 320bhp
Torque: 605Nm
Transmission: Single-speed automatic
Price: From Dh219,000
On sale: Now
Game Changer
Director: Shankar
Stars: Ram Charan, Kiara Advani, Anjali, S J Suryah, Jayaram
Rating: 2/5
The Bio
Favourite vegetable: “I really like the taste of the beetroot, the potatoes and the eggplant we are producing.”
Holiday destination: “I like Paris very much, it’s a city very close to my heart.”
Book: “Das Kapital, by Karl Marx. I am not a communist, but there are a lot of lessons for the capitalist system, if you let it get out of control, and humanity.”
Musician: “I like very much Fairuz, the Lebanese singer, and the other is Umm Kulthum. Fairuz is for listening to in the morning, Umm Kulthum for the night.”
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.”
Key products and UAE prices
iPhone XS
With a 5.8-inch screen, it will be an advance version of the iPhone X. It will be dual sim and comes with better battery life, a faster processor and better camera. A new gold colour will be available.
Price: Dh4,229
iPhone XS Max
It is expected to be a grander version of the iPhone X with a 6.5-inch screen; an inch bigger than the screen of the iPhone 8 Plus.
Price: Dh4,649
iPhone XR
A low-cost version of the iPhone X with a 6.1-inch screen, it is expected to attract mass attention. According to industry experts, it is likely to have aluminium edges instead of stainless steel.
Price: Dh3,179
Apple Watch Series 4
More comprehensive health device with edge-to-edge displays that are more than 30 per cent bigger than displays on current models.
The specs: 2018 Maserati Ghibli
Price, base / as tested: Dh269,000 / Dh369,000
Engine: 3.0-litre twin-turbocharged V6
Transmission: Eight-speed automatic
Power: 355hp @ 5,500rpm
Torque: 500Nm @ 4,500rpm
Fuel economy, combined: 8.9L / 100km
Formula Middle East Calendar (Formula Regional and Formula 4)
Round 1: January 17-19, Yas Marina Circuit – Abu Dhabi
Round 2: January 22-23, Yas Marina Circuit – Abu Dhabi
Round 3: February 7-9, Dubai Autodrome – Dubai
Round 4: February 14-16, Yas Marina Circuit – Abu Dhabi
Round 5: February 25-27, Jeddah Corniche Circuit – Saudi Arabia
Set-jetting on the Emerald Isle
Other shows filmed in Ireland include: Vikings (County Wicklow), The Fall (Belfast), Line of Duty (Belfast), Penny Dreadful (Dublin), Ripper Street (Dublin), Krypton (Belfast)
If you go
Where to stay: Courtyard by Marriott Titusville Kennedy Space Centre has unparalleled views of the Indian River. Alligators can be spotted from hotel room balconies, as can several rocket launch sites. The hotel also boasts cool space-themed decor.
When to go: Florida is best experienced during the winter months, from November to May, before the humidity kicks in.
How to get there: Emirates currently flies from Dubai to Orlando five times a week.
Sustainable Development Goals
1. End poverty in all its forms everywhere
2. End hunger, achieve food security and improved nutrition and promote sustainable agriculture
3. Ensure healthy lives and promote well-being for all at all ages
4. Ensure inclusive and equitable quality education and promote lifelong learning opportunities for all
5. Achieve gender equality and empower all women and girls
6. Ensure availability and sustainable management of water and sanitation for all
7. Ensure access to affordable, reliable, sustainable and modern energy for all
8. Promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all
9. Build resilient infrastructure, promote inclusive and sustainable industrialisation and foster innovation
10. Reduce inequality within and among countries
11. Make cities and human settlements inclusive, safe, resilient and sustainable
12. Ensure sustainable consumption and production patterns
13. Take urgent action to combat climate change and its effects
14. Conserve and sustainably use the oceans, seas and marine resources for sustainable development
15. Protect, restore and promote sustainable use of terrestrial ecosystems, sustainably manage forests, combat desertification, and halt and reverse land degradation and halt biodiversity loss
16. Promote peaceful and inclusive societies for sustainable development, provide access to justice for all and build effective, accountable and inclusive institutions at all levels
17. Strengthen the means of implementation and revitalise the global partnership for sustainable development