The humble polka dot, aside from adorning the Duchess of Cambridge at the service of thanksgiving for the life of Prince Philip, has enjoyed a wide and varied history.
Throughout the Middle Ages, Europeans generally avoided spotty patterns, largely to its unfortunate resemblance to the blotches and boils of the plague and smallpox — both virulent diseases at the time.
During the 1800s, however, that all changed, when a new dance craze called the polka swept across Europe. The exact origins of the name are a little hazy, with many favouring the theory that it referred to the Czech word pulka, meaning half, in reference to the small steps taken in the dance.
The arrival of the Industrial Revolution, and mechanised weaving in the late 1700s, meant that, for the first time, it was possible to produce identical, evenly spaced dots across a length of cloth. This led to something of a frenzy for the new design, around the same time as the dance, so the names began to merge.
It is not clear how or when this happened, but fashionable ladies rushed to be seen in the new pattern, resulting in must-have items such as the polka jacket and the polka hat. While these have all since faded from memory, the polka dot has survived.
The English name "polka dots", however, first appeared in print in 1857, when the Godey’s Lady’s Book, a women’s magazine of the time, described a “scarf of muslin, for light summer wear, surrounded by a scalloped edge, embroidered in rows of round polka dots." Until this arrival, spotted fabric had gone by various monikers, including dotted-Swiss, the Spanish name lunares, the French term quinconce, and thalertupfen in German.
While the dance slipped into obscurity over the years, the pattern has remained, becoming an accepted fixture with its suggestion of a clean-cut wholesomeness. When Norma Smallwood became the first Native American woman to be crowned Miss America in 1926, she wore a polka dot swimsuit, while in 1935, Walt Disney dressed the character Minnie Mouse in yellow polka dots for the first time — yes, yellow, her famous red and white look didn't appear until 1941.
During the 1950s, everyone from Marilyn Monroe to Elizabeth Taylor was seen in the jaunty, summery print, and by 1954, the best selling version of Christian Dior’s famous New Look was the polka dot. Hubert de Givenchy launched his owned spotty gown the following year, reversed as black on white, while for Carolina Herrera, the design was so key to her work in the 1980s and 1990s, that when she launched her first fragrance in 1988, it arrived in a polka dotted box.
Another British royal, Princess Diana, was a big fan of polka dots, and wore them repeatedly during her lifetime, including when leaving the hospital clutching her newborn son, Prince William, in 1982. This was mirrored by Prince William's wife, Duchess of Cambridge, who wore a blue polka dot dress to leave the hospital with their firstborn, Prince George, 31 years later in 2013.
Julia Roberts's character wore a polka dot dress in the 1990 film Pretty Woman. While the film delivers some very dubious messaging, it is notable that when her character wants to appear of higher social status, she opts for a polka dot dress and a straw boater.
Fashion brands have too embraced the trend, most notably Dolce & Gabbana, where the pattern has been reworked numerous times, making it part of the house's DNA, while brands such as Gucci, Armani, Marc Jacobs, Balmain and even Versace have all, at some point, embraced the dots.
THE SPECS
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Transmission: six-speed automatic
Power: 165hp
Torque: 240Nm
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Tank warfare
Lt Gen Erik Petersen, deputy chief of programs, US Army, has argued it took a “three decade holiday” on modernising tanks.
“There clearly remains a significant armoured heavy ground manoeuvre threat in this world and maintaining a world class armoured force is absolutely vital,” the general said in London last week.
“We are developing next generation capabilities to compete with and deter adversaries to prevent opportunism or miscalculation, and, if necessary, defeat any foe decisively.”
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The specs
Engine: 6.2-litre V8
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Transmission: 8-speed dual-clutch auto
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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.”
MATCH INFO
Manchester United v Manchester City, Wednesday, 11pm (UAE)
Match is on BeIN Sports
Friday's schedule at the Etihad Airways Abu Dhabi Grand Prix
GP3 qualifying, 10:15am
Formula 2, practice 11:30am
Formula 1, first practice, 1pm
GP3 qualifying session, 3.10pm
Formula 1 second practice, 5pm
Formula 2 qualifying, 7pm
Our legal columnist
Name: Yousef Al Bahar
Advocate at Al Bahar & Associate Advocates and Legal Consultants, established in 1994
Education: Mr Al Bahar was born in 1979 and graduated in 2008 from the Judicial Institute. He took after his father, who was one of the first Emirati lawyers
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Uefa Champions League play-off
First leg: Wednesday, 11pm (UAE)
Ajax v Dynamo Kiev
Second leg: Tuesday, August 28, 11pm (UAE)
Dynamo Kiev v Ajax
MWTC info
Tickets to the MWTC range from Dh100 and can be purchased from www.ticketmaster.ae or by calling 800 86 823 from within the UAE or 971 4 366 2289 from outside the country and all Virgin Megastores. Fans looking to attend all three days of the MWTC can avail of a special 20 percent discount on ticket prices.
Results
1. New Zealand Daniel Meech – Fine (name of horse), Richard Gardner – Calisto, Bruce Goodin - Backatorps Danny V, Samantha McIntosh – Check In. Team total First round: 200.22; Second round: 201.75 – Penalties 12 (jump-off 40.16 seconds) Prize €64,000
2. Ireland Cameron Hanley – Aiyetoro, David Simpson – Keoki, Paul Kennedy – Cartown Danger Mouse, Shane Breen – Laith. Team total 200.25/202.84 – P 12 (jump-off 51.79 – P17) Prize €40,000
3. Italy Luca Maria Moneta – Connery, Luca Coata – Crandessa, Simone Coata – Dardonge, Natale Chiaudani – Almero. Team total 130.82/198.-4 – P20. Prize €32,000
Asia Cup Qualifier
Venue: Kuala Lumpur
Result: Winners play at Asia Cup in Dubai and Abu Dhabi in September
Fixtures:
Wed Aug 29: Malaysia v Hong Kong, Nepal v Oman, UAE v Singapore
Thu Aug 30: UAE v Nepal, Hong Kong v Singapore, Malaysia v Oman
Sat Sep 1: UAE v Hong Kong, Oman v Singapore, Malaysia v Nepal
Sun Sep 2: Hong Kong v Oman, Malaysia v UAE, Nepal v Singapore
Tue Sep 4: Malaysia v Singapore, UAE v Oman, Nepal v Hong Kong
Thu Sep 6: Final
Asia Cup
Venue: Dubai and Abu Dhabi
Schedule: Sep 15-28
Teams: Afghanistan, Bangladesh, India, Pakistan, Sri Lanka, plus the winner of the Qualifier
Election pledges on migration
CDU: "Now is the time to control the German borders and enforce strict border rejections"
SPD: "Border closures and blanket rejections at internal borders contradict the spirit of a common area of freedom"
Specs
Engine: Duel electric motors
Power: 659hp
Torque: 1075Nm
On sale: Available for pre-order now
Price: On request
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Avatar: Fire and Ash
Director: James Cameron
Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana
Rating: 4.5/5