Someday, this is how you’ll pay for those bath towels on Amazon. Ed Jones / AFP
Someday, this is how you’ll pay for those bath towels on Amazon. Ed Jones / AFP

Peter Nowak: The muddled meaning and corporate future of selfies



When is a selfie not a selfie? When it’s taken by someone else. Then, it’s … er, an elsey?

It’s a seemingly innocuous distinction, but with the selfie – essentially a photo you take of yourself – evolving from a simple expression of narcissism to an increasingly used method of verifying one’s identity, it is taking on more than just a superficial measure of importance.

The issue came to the fore last week when a British man shared a photo on social media of himself posing with a plane hijacker. It was a goofy lad-ish prank, he explained to news reporters afterward.

“I’m not sure why I did it – I just threw caution to the wind while trying to stay cheerful in the face of adversity,” said Ben Innes of his photo with Seif Eldin Mustafa, a Cypriot who threatened to blow up a domestic EgyptAir flight.

Mr Innes said the photo, which was widely reported on by mainstream news outlets and went viral on social media, was the “best selfie ever”. The only problem was, it technically wasn’t one since it was taken by a member of the cabin crew.

The safety of passengers aboard the plane was obviously the paramount concern, but once the situation was resolved peacefully without violence, custodians were left to argue about the brazenness of Mr Innes’s actions. And there was also the issue of whether it was appropriate to refer to his photo as a selfie.

The Oxford English Dictionary, which officially added the word in 2013, defines a selfie as “a photograph that one has taken of oneself, typically one taken with a smartphone or webcam and shared through social media”.

The official word thus stresses the need for the subject of the photo to be taking it him- or herself. It’s not just pedantic, it’s logical. Self portraits existed before selfies, but it was only when the actual self-taking of pictures was made possible by smartphones that the new word arose.

At its very root, a selfie therefore requires the person in the picture to be taking the photo. Otherwise it’s just a portrait.

Language evolves and it’s good not to be too precious about such things, but as many commenters pointed out on Twitter, maintaining the purity of word meanings is important for preserving the sanctity of language and discourse in general.

One commenter hit the nail exactly on the head: “If you allow words to mean the opposite of what they actually mean you are literally Hitler.”

It’s more than just an academic concern, however, as e-commerce and finance companies are increasingly adopting selfies as identity verification measures.

MasterCard, for example, is going to allow customers in Europe and North America to make payments via selfies starting this summer, with a global expansion planned for next year.

Amazon has also filed a patent application in the United States for a pay-by-selfie system. Amazon’s China counterpart Alibaba is, for its part, developing facial recognition payment methods as well.

In each case, customers would use a photo of themselves rather than a password to log in and make transactions. But a simple photo won’t do, since those can be easily acquired and used nefariously by third parties.

Rather, such apps will incorporate two-step authentication systems that also ask the user to perform a certain action or gesture in a secondary photo – winking one eye or smiling – to prove it’s them, and that they’re alive and a real person.

The companies believe such biometric measures are more secure than simple text passwords, which can be forgotten or cracked, and they say that customers prefer them. MasterCard, for one, says 92 per cent of people who have tried selfie pay in tests like it better than passwords.

All of these systems are predicated on the photo subject in question using them, not passing control off to a third-party. While it’s technically possible to have someone else take your picture and relay an app’s gesture instructions in the process, who wants to have someone else holding their phone while paying off a credit card bill?

The point of both selfies and the authentication systems that will incorporate them are found in the very root of the word – they are expressions of and verifications of the self. Neither really works when someone else is involved.

Peter Nowak is a veteran technology writer and the author of Humans 3.0: The Upgrading of the Species.

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FA CUP FINAL

Manchester City 6
(D Silva 26', Sterling 38', 81', 87', De Bruyne 61', Jesus 68')

Watford 0

Man of the match: Bernardo Silva (Manchester City)

In numbers

1,000 tonnes of waste collected daily:

  • 800 tonnes converted into alternative fuel
  • 150 tonnes to landfill
  • 50 tonnes sold as scrap metal

800 tonnes of RDF replaces 500 tonnes of coal

Two conveyor lines treat more than 350,000 tonnes of waste per year

25 staff on site

 

Have you been targeted?

Tuan Phan of SimplyFI.org lists five signs you have been mis-sold to:

1. Your pension fund has been placed inside an offshore insurance wrapper with a hefty upfront commission.

2. The money has been transferred into a structured note. These products have high upfront, recurring commission and should never be in a pension account.

3. You have also been sold investment funds with an upfront initial charge of around 5 per cent. ETFs, for example, have no upfront charges.

4. The adviser charges a 1 per cent charge for managing your assets. They are being paid for doing nothing. They have already claimed massive amounts in hidden upfront commission.

5. Total annual management cost for your pension account is 2 per cent or more, including platform, underlying fund and advice charges.

The specs: 2018 Opel Mokka X

Price, as tested: Dh84,000

Engine: 1.4L, four-cylinder turbo

Transmission: Six-speed auto

Power: 142hp at 4,900rpm

Torque: 200Nm at 1,850rpm

Fuel economy, combined: 6.5L / 100km

If you go

Flying

Despite the extreme distance, flying to Fairbanks is relatively simple, requiring just one transfer in Seattle, which can be reached directly from Dubai with Emirates for Dh6,800 return.

 

Touring

Gondwana Ecotours’ seven-day Polar Bear Adventure starts in Fairbanks in central Alaska before visiting Kaktovik and Utqiarvik on the North Slope. Polar bear viewing is highly likely in Kaktovik, with up to five two-hour boat tours included. Prices start from Dh11,500 per person, with all local flights, meals and accommodation included; gondwanaecotours.com 

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  • Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
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How to apply for a drone permit
  • Individuals must register on UAE Drone app or website using their UAE Pass
  • Add all their personal details, including name, nationality, passport number, Emiratis ID, email and phone number
  • Upload the training certificate from a centre accredited by the GCAA
  • Submit their request
What are the regulations?
  • Fly it within visual line of sight
  • Never over populated areas
  • Ensure maximum flying height of 400 feet (122 metres) above ground level is not crossed
  • Users must avoid flying over restricted areas listed on the UAE Drone app
  • Only fly the drone during the day, and never at night
  • Should have a live feed of the drone flight
  • Drones must weigh 5 kg or less

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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'Panga'

Directed by Ashwiny Iyer Tiwari

Starring Kangana Ranaut, Richa Chadha, Jassie Gill, Yagya Bhasin, Neena Gupta

Rating: 3.5/5

Getting%20there%20and%20where%20to%20stay
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Elvis
%3Cp%3E%3Cstrong%3EDirector%3A%3C%2Fstrong%3E%20Baz%20Luhrmann%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStars%3A%3C%2Fstrong%3E%20Austin%20Butler%2C%20Tom%20Hanks%2C%20Olivia%20DeJonge%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%204%2F5%3C%2Fp%3E%0A
COMPANY%20PROFILE
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