It will be remembered as a banner year for American democracy. Emboldened by economic crisis and inspired by revolutionary upheaval overseas, its citizens took to the streets in 2011 to show their frustration with stale political leadership. In doing so, they awakened a fresh discussion about the very nature of democracy in the United States and Occupy Wall Street (OWS) became an inescapable component of the international political landscape.
As an idea and a rallying cry, "Occupy Wall Street" is now a concept that has been adopted around the world. Protests from London to Tel Aviv have used its battle cry of embracing the power of the forgotten majority. Ironically, its roots can be tracked to the very consumerist trends its founders have been rallying against, most notably the marketability of a revolution in a time of global unrest.
Last July, the Canadian anti-consumerist magazine Adbusters, best known for its sharp attention-grabbing stunts like "Buy Nothing Day", began the hashtag "occupywallstreet" on Twitter and disseminated an iconic poster portraying a ballerina precariously balancing atop the Wall Street bull. With these subtle moves, Adbusters tapped into the growing discontent in North America, and provided a rallying point for activists in the United States.
In September, a group of 1,000 activists answered the Adbusters call and marched to the barricaded New York Stock Exchange in the heart of Lower Manhattan. Unable to literally occupy Wall Street, they descended on two privately owned spaces designated for public use close by, the atrium of Deutsche Bank's North American headquarters and Zuccotti Park, which became the site of a lively tent encampment and the epicentre of the movement. It was precisely the choice of privately owned public spaces that protected the activists from immediate eviction by New York City law-enforcement officials.
The early days are a haze to most of the seasoned core of OWS. "Every day felt like a dog year," William Dobbs, a member of the group's press team told me in a phone conversation. Lauren Minis, a native of New York City, recently returned from a long trip abroad and was looking for a job when the occupation began. Disenchanted with an American political system that does not represent her values and a cynical electorate seemingly unable or unwilling to change the nature of the system, she was naturally drawn to the public outburst of direct democracy that has typified OWS. Immediately after her first visit, she assumed a leadership position in the sustainability working group.
As the movement grew and without a clear manifesto, US media outlets struggled to place it in the traditional political map. Some mainstream news organisations attempted to portray it as one of entitlement by focusing on the large numbers of unemployed college students, outfitted with shiny Apple computers, who made up the protesters' ranks.
Despite the media's apparent confusion, excessive crowd control measures exercised by local police forces - including critically wounding an Iraqi war veteran with a rubber bullet during the evacuation of the Occupy Oakland encampment - guaranteed international media exposure. Without the bellicose reaction of the police, it is doubtful the movement would have been able to enjoy such lavish coverage. Who says protesters need to be violent when the system they are confronting provides all the violence necessary to grab the headlines?
The mainstream US political establishment has used Occupy Wall Street as a platform to attack policies and blame "the other". The "blame game" of American politics has pushed people like Alejandro Verla, 31, a public health worker and member of the empowerment and action working group at OWS, to seek out different types of political action they see embodied in the movement. "I worked for two months straight to get Obama elected," Verla told me. "Now I want nothing to do with mainstream politics. We need to change the way Americans think about politics and democracy."
Inside a quirky coffee shop in the affluent Upper East Side neighbourhood of Manhattan, Joshua Stephens, a 30-something professional dog walker, explained OWS with a liberal smattering of Foucault, Deleuze and classic anarchist theory. A member of the outreach and education working group, Stevens noted that the occupation has opened a space for Americans to acquire the dexterity necessary to engage in direct democracy. Between sips of thick espresso, he triumphantly pointed out that every person who attends a general assembly meeting - the nightly consensus gatherings that determine the Occupy movement's strategy - leaves radicalised in some way. For OWS, this has been its greatest success and perhaps its only goal.
For Stevens and many others, OWS has changed traditional notions of how the left operates in the United States. In recent years, that group has watched grassroots right-wing movements (like the Tea Party) achieve electoral results and concrete media success. For many, social issues have been ignored due to the need to combat American foreign policy blunders in Iraq and Afghanistan.
Not only has OWS demonstrated that the left is concerned with such issues but it has also confirmed that the rest of the world is willing to stand in solidarity with an American struggle for income equality.
OWS, according to Stephens, has placed the American left at the centre of an international movement of dissent.
"It is strange that OWS has gained such international presence," Micha Whiteman, a press liaison officer for the movement told me in the heart of the Zuccotti Park encampment at the beginning of November. "I remember the inspiration that I had while watching the Egyptian revolution unfold on Al Jazeera. The funny thing is that I had to watch [it] online because Al Jazeera is not available in the United States. Now Egyptians are watching our movement unfold with the same hopeful anticipation."
The growth and rhetoric of OWS has clear similarities with other revolutions that shook the globe this year, but this summer's Israeli tent protests seem to be nearly identical. Those protests began when a small group of young Tel Aviv residents erected a tent encampment in the middle of the city's posh Rothschild Boulevard to demonstrate against high rents. Within a matter of weeks, hundreds of thousands of Israelis took to the streets demanding greater economic equality and social justice. However, the tent protesters refused to deal with the "political" issues of occupation and the institutional discrimination that non-Jewish citizens of Israel face on a daily basis, leading some to voice criticism at the honesty of the movement.
Israeli demonstrators argued vociferously that Israeli society had become too apathetic to economic policies that reflect incredible income inequality and the greed of Israeli politicians. According to its leaders, the absence of a "political" discussion concerning Palestinians and their lack of clear demands allowed for a space of radicalisation where rank-and-file Israelis could debate politics in order to learn a new language of democratic discourse. At the height of the movement, 500,000 Israelis took to the streets of Tel Aviv, Jerusalem and Haifa - the proportional equivalent of 17 million Americans - demanding social justice.
Yet, by the end of summer, the Israeli movement had all but fizzled away. With the tent encampments evacuated by law-enforcement officials, many of the protesters simply went back to their normal lives. Occupy Wall Street has clearly learnt an important lesson from its Israeli counterpart. Namely, that core social issues must be dealt with directly and not pushed aside.
For the past month, tent encampments from Los Angeles to Philadelphia have been evicted by police forces with surprising regularity. On November 15, Zuccotti Park was cleared by New York City police officers and is now only being used for meetings during daylight hours. A court case is pending to see whether the activists will be allowed to return to the park. Some activists have responded to the evictions with protest marches from New York City to Washington DC as well as planned blockades of West Coast port facilities. The activists are fighting to stay relevant now that their tent cities have disappeared and it is unclear whether OWS will succeed. For some involved in the movement it is time to regroup, return home and plan larger actions for next year.
Exactly what has the Occupy Wall Street movement accomplished in its short existence?
This unavoidable question has plagued it from the beginning but might miss the point, according to many of those living in tents across the nation. Unable to change the system from within, the OWS movement has successfully amended the national political landscape in the United States. By challenging income inequality, grassroots activists have presented an often ignored demand to expand democratic enfranchisement to a broad majority of Americans.
The growth and international support for the movement, coupled with a deep ongoing crisis in the global economy, has guaranteed that the discontent projected by Occupy Wall Street will certainly not disappear anytime soon. Despite clear plans for the future and even without explaining exactly what she meant in concrete terms, Lauren Minis ended our conversation on an upbeat note, "We are working on creating a new paradigm that is so appealing that people don't have to think twice about walking away from the old one."
Joseph Dana is a journalist based in Jerusalem.
Sholto Byrnes on Myanmar politics
MATCH INFO
Tottenham Hotspur 0 Everton 1 (Calvert-Lewin 55')
Man of the Match Allan (Everton)
How does ToTok work?
The calling app is available to download on Google Play and Apple App Store
To successfully install ToTok, users are asked to enter their phone number and then create a nickname.
The app then gives users the option add their existing phone contacts, allowing them to immediately contact people also using the application by video or voice call or via message.
Users can also invite other contacts to download ToTok to allow them to make contact through the app.
Five famous companies founded by teens
There are numerous success stories of teen businesses that were created in college dorm rooms and other modest circumstances. Below are some of the most recognisable names in the industry:
- Facebook: Mark Zuckerberg and his friends started Facebook when he was a 19-year-old Harvard undergraduate.
- Dell: When Michael Dell was an undergraduate student at Texas University in 1984, he started upgrading computers for profit. He starting working full-time on his business when he was 19. Eventually, his company became the Dell Computer Corporation and then Dell Inc.
- Subway: Fred DeLuca opened the first Subway restaurant when he was 17. In 1965, Mr DeLuca needed extra money for college, so he decided to open his own business. Peter Buck, a family friend, lent him $1,000 and together, they opened Pete’s Super Submarines. A few years later, the company was rebranded and called Subway.
- Mashable: In 2005, Pete Cashmore created Mashable in Scotland when he was a teenager. The site was then a technology blog. Over the next few decades, Mr Cashmore has turned Mashable into a global media company.
- Oculus VR: Palmer Luckey founded Oculus VR in June 2012, when he was 19. In August that year, Oculus launched its Kickstarter campaign and raised more than $1 million in three days. Facebook bought Oculus for $2 billion two years later.
The specs
Engine: 3-litre twin-turbo V6
Power: 400hp
Torque: 475Nm
Transmission: 9-speed automatic
Price: From Dh215,900
On sale: Now
Points about the fast fashion industry Celine Hajjar wants everyone to know
- Fast fashion is responsible for up to 10 per cent of global carbon emissions
- Fast fashion is responsible for 24 per cent of the world's insecticides
- Synthetic fibres that make up the average garment can take hundreds of years to biodegrade
- Fast fashion labour workers make 80 per cent less than the required salary to live
- 27 million fast fashion workers worldwide suffer from work-related illnesses and diseases
- Hundreds of thousands of fast fashion labourers work without rights or protection and 80 per cent of them are women
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Countries recognising Palestine
France, UK, Canada, Australia, Portugal, Belgium, Malta, Luxembourg, San Marino and Andorra
Ways to control drones
Countries have been coming up with ways to restrict and monitor the use of non-commercial drones to keep them from trespassing on controlled areas such as airports.
"Drones vary in size and some can be as big as a small city car - so imagine the impact of one hitting an airplane. It's a huge risk, especially when commercial airliners are not designed to make or take sudden evasive manoeuvres like drones can" says Saj Ahmed, chief analyst at London-based StrategicAero Research.
New measures have now been taken to monitor drone activity, Geo-fencing technology is one.
It's a method designed to prevent drones from drifting into banned areas. The technology uses GPS location signals to stop its machines flying close to airports and other restricted zones.
The European commission has recently announced a blueprint to make drone use in low-level airspace safe, secure and environmentally friendly. This process is called “U-Space” – it covers altitudes of up to 150 metres. It is also noteworthy that that UK Civil Aviation Authority recommends drones to be flown at no higher than 400ft. “U-Space” technology will be governed by a system similar to air traffic control management, which will be automated using tools like geo-fencing.
The UAE has drawn serious measures to ensure users register their devices under strict new laws. Authorities have urged that users must obtain approval in advance before flying the drones, non registered drone use in Dubai will result in a fine of up to twenty thousand dirhams under a new resolution approved by Sheikh Hamdan bin Mohammed, Crown Prince of Dubai.
Mr Ahmad suggest that "Hefty fines running into hundreds of thousands of dollars need to compensate for the cost of airport disruption and flight diversions to lengthy jail spells, confiscation of travel rights and use of drones for a lengthy period" must be enforced in order to reduce airport intrusion.
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'The Batman'
Stars:Robert Pattinson
Director:Matt Reeves
Rating: 5/5
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Empty Words
By Mario Levrero
(Coffee House Press)
Need to know
Unlike other mobile wallets and payment apps, a unique feature of eWallet is that there is no need to have a bank account, credit or debit card to do digital payments.
Customers only need a valid Emirates ID and a working UAE mobile number to register for eWallet account.
UAE currency: the story behind the money in your pockets
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Emergency phone numbers in the UAE
Estijaba – 8001717 – number to call to request coronavirus testing
Ministry of Health and Prevention – 80011111
Dubai Health Authority – 800342 – The number to book a free video or voice consultation with a doctor or connect to a local health centre
Emirates airline – 600555555
Etihad Airways – 600555666
Ambulance – 998
Knowledge and Human Development Authority – 8005432 ext. 4 for Covid-19 queries
Tamkeen's offering
- Option 1: 70% in year 1, 50% in year 2, 30% in year 3
- Option 2: 50% across three years
- Option 3: 30% across five years
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%3Cp%3EThe%20UAE%20flag%20was%20first%20unveiled%20on%20December%202%2C%201971%2C%20the%20day%20the%20UAE%20was%20formed.%C2%A0%3C%2Fp%3E%0A%3Cp%3EIt%20was%20designed%20by%20Abdullah%20Mohammed%20Al%20Maainah%2C%2019%2C%20an%20Emirati%20from%20Abu%20Dhabi.%C2%A0%3C%2Fp%3E%0A%3Cp%3EMr%20Al%20Maainah%20said%20in%20an%20interview%20with%20%3Cem%3EThe%20National%3C%2Fem%3E%20in%202011%20he%20chose%20the%20colours%20for%20local%20reasons.%C2%A0%3C%2Fp%3E%0A%3Cp%3EThe%20black%20represents%20the%20oil%20riches%20that%20transformed%20the%20UAE%2C%20green%20stands%20for%20fertility%20and%20the%20red%20and%20white%20colours%20were%20drawn%20from%20those%20found%20in%20existing%20emirate%20flags.%3C%2Fp%3E%0A
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%3Cp%3EMeghan%20Markle%2C%20the%20wife%20of%20Prince%20Harry%2C%20launched%20her%20long-awaited%20podcast%20Tuesday%2C%20with%20tennis%20megastar%20Serena%20Williams%20as%20the%20first%20guest.%3C%2Fp%3E%0A%3Cp%3EThe%20Duchess%20of%20Sussex%20said%20the%2012-part%20series%2C%20called%20%22Archetypes%2C%22%20--%20a%20play%20on%20the%20name%20of%20the%20couple's%20oldest%20child%2C%20Archie%20--%20would%20explore%20the%20female%20experience.%3C%2Fp%3E%0A%3Cp%3ELast%20year%20the%20couple%20told%20Oprah%20Winfrey%20that%20life%20inside%20%22The%20Firm%22%20had%20been%20miserable%2C%20and%20that%20they%20had%20experienced%20racism.%26nbsp%3B%3C%2Fp%3E%0A%3Cp%3E%22I%20don't%20ever%20remember%20personally%20feeling%20the%20negative%20connotation%20behind%20the%20word%20ambitious%2C%20until%20I%20started%20dating%20my%20now-husband%2C%22%20she%20told%20the%20tennis%20champion.%26nbsp%3B%3C%2Fp%3E%0A%3Cp%3E%3C%2Fp%3E%0A
The specs
Engine: 2.0-litre 4cyl turbo
Power: 261hp at 5,500rpm
Torque: 405Nm at 1,750-3,500rpm
Transmission: 9-speed auto
Fuel consumption: 6.9L/100km
On sale: Now
Price: From Dh117,059
GAC GS8 Specs
Engine: 2.0-litre 4cyl turbo
Power: 248hp at 5,200rpm
Torque: 400Nm at 1,750-4,000rpm
Transmission: 8-speed auto
Fuel consumption: 9.1L/100km
On sale: Now
Price: From Dh149,900
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.”
In numbers: China in Dubai
The number of Chinese people living in Dubai: An estimated 200,000
Number of Chinese people in International City: Almost 50,000
Daily visitors to Dragon Mart in 2018/19: 120,000
Daily visitors to Dragon Mart in 2010: 20,000
Percentage increase in visitors in eight years: 500 per cent
Who is Tim-Berners Lee?
Sir Tim Berners-Lee was born in London in a household of mathematicians and computer scientists. Both his mother, Mary Lee, and father, Conway, were early computer scientists who worked on the Ferranti 1 - the world's first commercially-available, general purpose digital computer. Sir Tim studied Physics at the University of Oxford and held a series of roles developing code and building software before moving to Switzerland to work for Cern, the European Particle Physics laboratory. He developed the worldwide web code as a side project in 1989 as a global information-sharing system. After releasing the first web code in 1991, Cern made it open and free for all to use. Sir Tim now campaigns for initiatives to make sure the web remains open and accessible to all.
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Profile of RentSher
Started: October 2015 in India, November 2016 in UAE
Founders: Harsh Dhand; Vaibhav and Purvashi Doshi
Based: Bangalore, India and Dubai, UAE
Sector: Online rental marketplace
Size: 40 employees
Investment: $2 million