2011 in review: a year of oddballs and other oddities


  • English
  • Arabic

January 8 Superheroes of Seattle

A gang of real-life superheroes began fighting crime on the streets of a Seattle suburb. One, known as "Phoenix Jones", wore a bulletproof suit with anti-stab plates and carried a can of mace and a Taser. In one swoop he prevented an attempt to break into a car. "From the right, this guy comes dashing in, wearing this skintight rubber, black and gold suit and starts chasing him away," the motorist said.

February 5 Husband puts wife on terrorist watch list

A British immigration officer who wanted to get rid of his wife added her name to a terrorist watch list to prevent her from flying home. The man illegally accessed government databases in the UK to list his spouse as someone whose presence in the country was "not conducive to the public good". As a result, the woman was blocked from entering Britain for three years after leaving the country to visit her family in Pakistan. The officer was sacked for "gross misconduct".

March 11 Robber calls cops on homeowner

A burglar called police from a house he had just broken into because he feared the owner was downstairs with a gun. Timothy Chapek had locked himself in an upstairs bathroom after being confronted by the homeowner and his two German shepherds. Police in Portland, in the US state of Oregon, received an emergency call from Chapek, 24. After arriving at the house, officers arrested the intruder and charged him with criminal trespass.

March 19 High diver makes little splash

An American high diver broke his own record by plunging 11 metres into a pool of water just 30 centimetres deep. Darren Taylor performed the feat by landing safely in a child's paddling pool set up in Trondheim, Norway. He has now had 13 shallow-diving records accepted by the Guinness World Records.

May 7 Man buys drugs, complains to police

Police in South Carolina received an emergency call from a man who complained that he had been short-changed by his drug dealer. Dexter White, 41, asked officers to investigate why he had only been given US$20 (Dh73) worth of crack cocaine despite handing the dealer $60. He was arrested on a charge of disorderly conduct.

May 21 New sharpener museum has a point

A new museum opened to display the world's largest collection of pencil sharpeners. The Rev Paul Johnson had accumulated more than 3,400 sharpeners by the time of his death last year. The museum was opened in a visitors' centre near his home in Carbon Hill, in the midwestern US state of Ohio.

June 4 Brazilian bites the bullet: with false teeth

A set of dentures saved the life of an elderly Brazilian man when they deflected a bullet during a bar-room shoot-out. Zacarias Pacheco de Moraes, 81, was struck in the face when shooting started at the bar he owned in the city of Alta Floresta. Doctors said that the bullet would have gone through his brain, killing him instantly, had it not taken a deflection off his false teeth.

July 9 Man waits two weeks for friend to arrive at airport

A Polish man spent more than two weeks waiting at Brazil's Sao Paulo airport for a friend who never showed up. Robert Parzelski arrived from London on June 17, but apparently was too scared to venture outside when there was no one to meet him. He decided to wait on a concrete bench, telling baffled airport staff in broken English: "I'm Poland." He was returned to London 18 days after setting out.

August 6 The NY Hillbillies of Prospect Park

A gang of poachers were arrested in a New York park. The group - described as looking like the "Beverly Hillbillies" - were seen roasting a pigeon over a fire that they had built in Prospect Park in Brooklyn. Park officers found that they had also caught fish from the park's ornamental lake, trapped ducks and had even eaten squirrels. The poachers were issued with fines totalling US$2,100 (Dh7,700).

September 24 Parents try to force son, 41, from home

A fed-up elderly couple in Italy went to court to make their 41-year-old son leave home. They said he had a job but refused to fly the nest, insisted on having his clothes laundered and his meals cooked for him. The son was given six days to leave before the Venetian courts issued his parents with a protection order against him.

October 29 Biker gang fights it out over killer lattes

A gangland turf war described as the worst biker feud in California for a decade was understood to have been prompted by a row over who got to drink lattes at a Starbucks. At least three men were killed and a number of others injured in fighting between the Hells Angels and Vagos biker gangs. Police said the war was started by an argument over who had the right to the best tables at a coffee shop in Santa Cruz. The city's police chief said: "Only in Santa Cruz would you have biker wars over who's going to control pumpkin spice lattes."

Kandahar%20
%3Cp%3E%3Cstrong%3EDirector%3A%3C%2Fstrong%3E%20Ric%20Roman%20Waugh%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStars%3A%C2%A0%3C%2Fstrong%3EGerard%20Butler%2C%20Navid%20Negahban%2C%20Ali%20Fazal%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%202.5%2F5%3C%2Fp%3E%0A

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.”