Corey Haim and Jason Patric's careers were never the same after The Lost Boys.
Corey Haim and Jason Patric's careers were never the same after The Lost Boys.
Corey Haim and Jason Patric's careers were never the same after The Lost Boys.
Corey Haim and Jason Patric's careers were never the same after The Lost Boys.

Was The Lost Boys ever lost?


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As the obituaries mount up for Corey Haim, the star of the cult film The Lost Boys who died on Wednesday aged 38, there's something rather puzzling about how he is being cast. Almost every newspaper and website has him down as a teen heartthrob of the late 1980s. True, as Sam Emerson, he was a fresh faced, good-looking kid. But he was just a kid. Being 13 myself at that time, I can confidently report that the older brother Michael (Jason Patric) was the pin-up teenage girls really wanted on their walls.

Haim's character was a hero for the male section of The Lost Boys' sizeable audience. The film plays like a grown-up Scooby Doo: the gang of vampiric bikers who terrorise the troubled Californian seaside town of Santa Carla would have probably got away with their murderous schemes if it wasn't for those meddling kids. By gathering up seemingly every clove of garlic and drop of holy water in the town, Sam and his friends Edgar (Corey Feldman) and Alan Frog (Jamison Newlander) help save Michael from himself and the bloodthirsty vampire leader David (a terrifyingly young-looking Keifer Sutherland).

It's all great fun and has aged pretty well. The Lost Boys was a cult hit because it didn't take itself too seriously, which means that 23 years on, it's still an enjoyable story rather than a generic, throwaway vampire movie simply intent on scaring its audience. In that sense, it was the precursor to Buffy the Vampire Slayer and Twilight: the plot and subtext - of teenagers trying to fit in and find out who they are - is more important than scenes of fake blood spurting frantically out of jugular veins. Indeed, Buffy wears its influences on its sleeve: Spike, with his shock of peroxide hair, was essentially Kiefer Sutherland's character given a 1990s update.

The constant cultural references also gave The Lost Boys a cool cachet. In fact, Joel Schumacher's film defined the period rather more, in hindsight, than it probably intended. Michael and Sam talk knowingly about The Texas Chainsaw Massacre. Twice. In this world, comic books are crucial and MTV is something no self-respecting boy can be without. Michael has a poster of the 1980s indie-rock heroes Echo And The Bunnymen on his wall and they contribute a song to the soundtrack. Schumacher would go on to make his name as the blockbusting director of the 1990s Batman films, but here, he spends the first third of the film building the strange world of Santa Carla so intricately that Michael being enticed into drinking David's vampire blood seems somehow believable.

But, as so often with teenage actors, these breakthrough performances were, on the whole, the high-water mark of careers rather than a precursor of greater things to come. Haim's career nosedived into straight-to-video movies. He had weight and drug problems. So low did he go that the Irish indie band The Thrills wrote a hit single in 2004 entitled Whatever Happened To Corey Haim? Corey Feldman knew the answer: he had continued to work with his Lost Boys co-star - the nadir of this collaboration coming when the pair hit upon an idea for a reality television show called The Two Coreys.

Jason Patric's career, too, has been characterised by bit-part roles and gossip-mag infamy: he was the man Julia Roberts ran away with to Europe three days before she was due to marry Kiefer Sutherland. And talking of Sutherland, he is perhaps the only actor here to have made good on his early promise, his role as Jack Bauer in 24 making him a huge star. Even so, his reputation for Hollywood carousing has at times threatened to derail his career.

If most of its stars' careers have stalled, The Lost Boys legend has at least lived on. So it wasn't much of a surprise when a sequel surfaced in 2008. The problem was, Lost Boys: The Tribe was terrible, a straight-to-DVD affair that dismally mimicked the original's storyline but cheapened the legacy through puerile titillation. The producers couldn't attract Kiefer Sutherland, so they somewhat desperately cast Angus Sutherland - Kiefer's brother - as head vampire instead. Corey Feldman and Corey Haim did make appearances (the latter in the credits, strangely) but it was desperate stuff.

Incredibly, though, it made Warner Premiere so much money, a follow-up - Lost Boys: the Thirst - is now in production. Again, it won't be coming to any cinema near you, and again it appears to combine the continuing cult status of the original (Feldman and Newlander star) with tacky sensationalism (a South African supermodel plays the love interest). It would be pointless to hold out much hope for it. So perhaps it is best to remember The Lost Boys - and Corey Haim - for the original. And if, somehow, the glories of The Lost Boys have passed you by, find a copy and enjoy this classic teen film. As Kiefer Sutherland says to Jason Patric: "Initiation's over, Michael. Time to join the club."

UAE currency: the story behind the money in your pockets

Indoor cricket World Cup:
Insportz, Dubai, September 16-23

UAE fixtures:
Men

Saturday, September 16 – 1.45pm, v New Zealand
Sunday, September 17 – 10.30am, v Australia; 3.45pm, v South Africa
Monday, September 18 – 2pm, v England; 7.15pm, v India
Tuesday, September 19 – 12.15pm, v Singapore; 5.30pm, v Sri Lanka
Thursday, September 21 – 2pm v Malaysia
Friday, September 22 – 3.30pm, semi-final
Saturday, September 23 – 3pm, grand final

Women
Saturday, September 16 – 5.15pm, v Australia
Sunday, September 17 – 2pm, v South Africa; 7.15pm, v New Zealand
Monday, September 18 – 5.30pm, v England
Tuesday, September 19 – 10.30am, v New Zealand; 3.45pm, v South Africa
Thursday, September 21 – 12.15pm, v Australia
Friday, September 22 – 1.30pm, semi-final
Saturday, September 23 – 1pm, grand final

The biog

Favourite Emirati dish: Fish machboos

Favourite spice: Cumin

Family: mother, three sisters, three brothers and a two-year-old daughter

Dust and sand storms compared

Sand storm

  • Particle size: Larger, heavier sand grains
  • Visibility: Often dramatic with thick "walls" of sand
  • Duration: Short-lived, typically localised
  • Travel distance: Limited 
  • Source: Open desert areas with strong winds

Dust storm

  • Particle size: Much finer, lightweight particles
  • Visibility: Hazy skies but less intense
  • Duration: Can linger for days
  • Travel distance: Long-range, up to thousands of kilometres
  • Source: Can be carried from distant regions
Who's who in Yemen conflict

Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government

Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council

Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south

Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory

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

Company%20Profile
%3Cp%3E%3Cstrong%3ECompany%20name%3A%3C%2Fstrong%3E%20myZoi%3Cbr%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%202021%3Cbr%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20Syed%20Ali%2C%20Christian%20Buchholz%2C%20Shanawaz%20Rouf%2C%20Arsalan%20Siddiqui%2C%20Nabid%20Hassan%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20UAE%3Cbr%3E%3Cstrong%3ENumber%20of%20staff%3A%3C%2Fstrong%3E%2037%3Cbr%3E%3Cstrong%3EInvestment%3A%3C%2Fstrong%3E%20Initial%20undisclosed%20funding%20from%20SC%20Ventures%3B%20second%20round%20of%20funding%20totalling%20%2414%20million%20from%20a%20consortium%20of%20SBI%2C%20a%20Japanese%20VC%20firm%2C%20and%20SC%20Venture%3C%2Fp%3E%0A
The five pillars of Islam

1. Fasting 

2. Prayer 

3. Hajj 

4. Shahada 

5. Zakat 

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.”

UAE currency: the story behind the money in your pockets
Moon Music

Artist: Coldplay

Label: Parlophone/Atlantic

Number of tracks: 10

Rating: 3/5

UAE currency: the story behind the money in your pockets

The Dictionary of Animal Languages
Heidi Sopinka
​​​​​​​Scribe

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