The documentary filmmaker Leon Gast has an eye for maverick characters. His most famous film When We Were Kings captured Muhammad Ali in full pomp, as the heavyweight boxer prepared to fight George Foreman in Zaire, in 1974. His new work Smash His Camera is another look at celebrity, but this time, it is from the perspective of someone behind, rather than in front of the camera. His subject is Ron Galella, the photographerwhomNewsweek once called "The Godfather of the US paparazzi culture".
Galella became world famous when Jackie Kennedy Onassis sued him for harassment, twice. She told her bodyguards to "smash his camera", a phrase that has now been adopted by Gast as the title for this humorous account of the flamboyant lensman. The judicial decisions in those cases, especially the "free speech" trial of 1972, set the ground rules from which paparazzi have worked ever since. As the movie highlights, some of the most famous snaps of celebrities,not just those of Jackie O, have come from his hand.
The dandy snapper took great risks to get the shots he wanted. Occasionally, these came at a price; Marlon Brando punched him in the face; Richard Burton's bodyguards roughed him up; he was hosed down by Brigitte Bardot's security staff and Elvis Presley's heavies slashed his tyres. Galella, now 79, simply looks back on these memories fondly. At the Sundance Film Festival earlier this year, Galella arrived at the launch of an exhibition of his work dressed as if he had walked out of Huggy Bear's joint in Starsky & Hutch. He could not have cut a more contradictory figure to the humble septuagenarian director Leon Gast, who blended into the room almost unnoticed.
In the film, Galella's never-say-die approach and refusal to give up sees the American expert on constitutional law, Floyd Abrams, call him "the price tag of the First Amendment". The photographer laughs at the suggestion: "Yeah, I stretched it as far as I could, but everything I did was legal because I shot my pictures of Jackie in public areas, the streets of New York, restaurants, the park; all public areas, and it's perfectly legal because she is a celebrity. But she claimed I invaded her privacy and harassed her, which is not true."
What Gast does extremely well is give both an amusing picture of his protagonist and an interesting and balanced discussion on the freedom of the press. Paparazzi generally have a bad name, but both sides of the argument are pointedly put, and the director cannot hide a grudging respect for their work and especially that of his subject. "Ron is an artist," the documentarian says. "The thing that impressed me more than anything was: here is a guy who actually goes underneath his big sink, takes out these chemicals, mixes them and puts them in these trays, and who does that kind of thing anymore? My impression is that anyone can be a paparazzo today. We were at a premiere yesterday and there were a few hundred people lined up as they knew that Ben Affleck and Tommy Lee Jones were going to be down there. They were snapping away - you don't need any talent, you just need to know how to focus and set up an F-stop (set an aperture setting). You just need to snap away and hope you get lucky. Ron is a real artist: I really believe that.
"At times he crossed the line but his motive was never for the money. He did it for posterity." The filmmaker shares with his subject a fascination with celebrity. Gast admits: "I'm fascinated by a certain kind of celebrity. There are similarities in Marlon Brando, Muhammad Ali and Ron Galella. First of all, Ron has a tremendous ego, as Ali had. Ali became famous, infamous, for saying: 'I am the greatest.' People disliked him, resented him. Galella says: 'I'm Ron Galella, paparazzo superstar.'
"Ali said whatever was on his mind, it was unfiltered. Ron also says whatever is on his mind. Ron is selfish. Ali was selfish. "When it came to Ron's art or Ali's skills as a boxer, both are individualists and strong individuals." But there are moments in the film, such as when the photographer surreptitiously gets into a private event using false accreditation, that it is questionable how morally right his actions are. Gast says: "I wanted the film to address freedom of speech and the right to privacy.
"Where does it cross the line? You, as a photographer, sneak into somebody's house and get an intimate picture of whoever it might be. You sneak out, you have the picture, you hand it to a newspaper publisher, you can be arrested, you can be charged with a felony, you, as the photographer, because you crossed the line by breaking and entering.However, the First Amendment covers the publication, so they cannot be prosecuted. They have freedom of the press."
The attitude of Galella to the tactics used by a paparazzo to get good pictures is typically more gung-ho. "A lot of times you have to crash events when you are not invited," the photographer declares. "So you dress accordingly. I always wore a white tie and black suit because you have to sneak in and fit the occasion. Sometimes, it's normal." As for his own notoriety, the photographer says fame can help as well as be a hindrance.
"I forced Jackie O to be spontaneous, that's the advantage that I had of being known. I'm somewhat famous or infamous in that stars react to me, either positively or negatively and that's great. I love that. That's what good, I don't have to use a celebrity because stars react when they see and recognise me." Yet he adds that there is a limit to how self-aggrandising one can be: "I love my work and being myself, and being yourself you never think you are a superstar really. I say, or am quoted as saying: 'I'm a paparazzo superstar,' but really if stars believe they are superstars it's wrong because in the end we are all human."
What strikes a chord while watching the film is that, in a bygone era, stars certainly seemed to have more allure. It's a standpoint that the photographer agrees with. "The days that I shot these great stars such as Elizabeth Taylor, Cher or any of them, they had a mystery about them,and a lot of it is contrived too. "Jackie O was a great actress, she knew how to create mystery, like using a low whispery voice, never talking too much, never giving interviews, not even to Barbara Walters, but you see I had the advantage when you're there with the camera. She would say quotes at me, quotes like 'smash his camera','Aren't you supposed to be in jail?' and many others."
Galella keeps every photo he takes. In the film Gast and Galella take us into the latter's warehouse archive.All his photographs have been filed in an orderly and exhaustive fashion, and Gast admiringly says: "He's a collector of things about him. Every picture that he has ever taken and was taken of him, he still has." Galella is certainly one of those rare characters that the more you know about them, the more you like and admire them.
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Real estate tokenisation project
Dubai launched the pilot phase of its real estate tokenisation project last month.
The initiative focuses on converting real estate assets into digital tokens recorded on blockchain technology and helps in streamlining the process of buying, selling and investing, the Dubai Land Department said.
Dubai’s real estate tokenisation market is projected to reach Dh60 billion ($16.33 billion) by 2033, representing 7 per cent of the emirate’s total property transactions, according to the DLD.
In numbers: PKK’s money network in Europe
Germany: PKK collectors typically bring in $18 million in cash a year – amount has trebled since 2010
Revolutionary tax: Investigators say about $2 million a year raised from ‘tax collection’ around Marseille
Extortion: Gunman convicted in 2023 of demanding $10,000 from Kurdish businessman in Stockholm
Drug trade: PKK income claimed by Turkish anti-drugs force in 2024 to be as high as $500 million a year
Denmark: PKK one of two terrorist groups along with Iranian separatists ASMLA to raise “two-digit million amounts”
Contributions: Hundreds of euros expected from typical Kurdish families and thousands from business owners
TV channel: Kurdish Roj TV accounts frozen and went bankrupt after Denmark fined it more than $1 million over PKK links in 2013
How much sugar is in chocolate Easter eggs?
- The 169g Crunchie egg has 15.9g of sugar per 25g serving, working out at around 107g of sugar per egg
- The 190g Maltesers Teasers egg contains 58g of sugar per 100g for the egg and 19.6g of sugar in each of the two Teasers bars that come with it
- The 188g Smarties egg has 113g of sugar per egg and 22.8g in the tube of Smarties it contains
- The Milky Bar white chocolate Egg Hunt Pack contains eight eggs at 7.7g of sugar per egg
- The Cadbury Creme Egg contains 26g of sugar per 40g egg
Skewed figures
In the village of Mevagissey in southwest England the housing stock has doubled in the last century while the number of residents is half the historic high. The village's Neighbourhood Development Plan states that 26% of homes are holiday retreats. Prices are high, averaging around £300,000, £50,000 more than the Cornish average of £250,000. The local average wage is £15,458.
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
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.”
The National's picks
4.35pm: Tilal Al Khalediah
5.10pm: Continous
5.45pm: Raging Torrent
6.20pm: West Acre
7pm: Flood Zone
7.40pm: Straight No Chaser
8.15pm: Romantic Warrior
8.50pm: Calandogan
9.30pm: Forever Young
Key facilities
- Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
- Premier League-standard football pitch
- 400m Olympic running track
- NBA-spec basketball court with auditorium
- 600-seat auditorium
- Spaces for historical and cultural exploration
- An elevated football field that doubles as a helipad
- Specialist robotics and science laboratories
- AR and VR-enabled learning centres
- Disruption Lab and Research Centre for developing entrepreneurial skills