A US postal worker makes a delivery while wearing a face mask, at a store in Gallup, New Mexico, US , December 7. Reuters
A US postal worker makes a delivery while wearing a face mask, at a store in Gallup, New Mexico, US , December 7. Reuters
A US postal worker makes a delivery while wearing a face mask, at a store in Gallup, New Mexico, US , December 7. Reuters
A US postal worker makes a delivery while wearing a face mask, at a store in Gallup, New Mexico, US , December 7. Reuters


Adapting to life after the pandemic will be tough but not impossible


  • English
  • Arabic

December 14, 2021

When news of Covid-19's Omicron variant broke a few weeks back, my daughter sighed and said: "I give up. Just when I think we've turned a corner, we're back in it all over again. I guess we have to be resigned to the fact that this will never end." She expressed the dread felt by many that if this variant does, in fact, result in a new wave of the virus, it may be the one that finally breaks our spirit.

For the past 21 months, since the first Covid-19 lockdown, people in America, and also the rest of the world, been through a number of ups and downs. Each time Americans got their hopes up that the pandemic was receding, they became deflated when it came roaring back. I recall how some of us believed that the first lockdown in March 2020 would last only a month or so, after which we assumed that life would return to "normal". Many of us did as we were told by the Centers for Disease Control and Prevention. We quarantined, avoided crowds, wore masks and socially distanced. The problem was that too many of our fellow US citizens didn't take any of these precautions. Some were just lazy or couldn't understand the gravity of the menace we were facing. Worse still, many were influenced by then-President Donald Trump, who fearing the impact that pandemic precautions would have on the economy and his presidency, downplayed the danger and scoffed at the impact of the disease despite the advice of his own Covid-19 Task Force.

A family wearing face masks walk on a street in New York on December 6. AFP
A family wearing face masks walk on a street in New York on December 6. AFP

As Donald Trump criticised those in the medical community who advised caution or the government officials who instituted precautionary lockdowns, he spawned a culture of conspiracy theorists who grew his rejection into an expansive and angry belief system. In their minds, the dangers of the pandemic were a fiction, the lockdowns a conspiracy that posed an existential threat to our freedoms, and the vaccines (that Mr Trump had once boasted that he had helped to create) more dangerous than the disease they were supposed to cure.

By the winter of 2020-21, cases surged again and the hoped-for "return to normal" was delayed. This time, the sharpest rise in Covid-19 cases weren't in the cities and states run by Democrats – as Mr Trump had once cynically observed – they were in the very Republican states whose leadership had rejected lockdowns and precautionary measures.

The face of city centres has changed. But the most serious changes aren't physical, they are political and psychological

Beginning in January 2021, vaccines were being rolled out for most Americans. Once again, many Americans listened to the recommendations of CDC and received our first and second shots. And once again, too many of our fellow citizens didn't. In some cases, it may have been due to lack of access or a historical distrust of the medical community. But all too often, the failure to get the vaccine had become a political statement of resistance. Overall, only 60 per cent of eligible Americans have been vaccinated (a percentage lower than Vietnam, Cuba and Cambodia). And nine of the top 10 states (with vaccination rates over 65 per cent) are headed by Democrats, while the bottom 10 states (with vaccine rates under 50 per cent) are headed by Republicans.

After the first wave of vaccines, there was a downturn in reported cases and once again we lowered our guard. Some states and cities prematurely ended their requirements on indoor masking and social distancing, and people began acting as if "we were back to normal". It is in this context, that reports of yet a new and potentially more contagious Covid-19 variant is such a cause for despair.

An honest look at where we are leads me to conclude that the hoped-for return to normal is, at best, wishful thinking. After 21 months of Covid-19, it appears more likely that we will find ourselves in a "new normal" because so much has already changed that life will not easily revert to its pre-pandemic state.

Many government agencies and large corporate entities have continued to permit staff to work remotely. Many lower-paid service workers, after initially being laid off, have joined the "gig economy". They are earning more and enjoying the freedom and flexibility it provides. As their former workplaces have reopened, employers, finding it difficult to find replacement staff, have been forced to increase wages. In major cities, office spaces are empty. To accommodate customers concerned with disease, restaurants have expanded outdoor seating and cut off street parking. Public transit has scaled back due to reductions in ridership. As a result, the face of city centres has changed.

But the most serious changes aren't physical, they are political and psychological. In our new normal, we have become a dangerously divided polity in which we not only disagree on such fundamental issues as race and gender equality, but also have now politicised and become deeply divided over the health of ourselves, our children and our communities.

School board and city council meetings have erupted in shouting matches over proposed mask and vaccine mandates. And some public officials who have imposed them have received death threats. It is particularly worrisome that the angry debates on these matters of life and death aren't even rational. Covid-19 infection rates among the unvaccinated are five times greater than those among the vaccinated, while the hospitalisation and death rates are 10 times greater among the unvaccinated.

I fear that this deep and abiding division will carry over into a new normal. It will be a long time before some of us feel comfortable going maskless, and we will eye with suspicion and some fear or resentment those who refuse to mask or keep their distance. The maskless, in turn, will likely see those in masks not as people concerned with the health of themselves and their families, but as haughty liberals making a political statement.

This is where I fear we are. Our cities are changing, our workplaces are as well. We have become so deeply and angrily divided in the US that even deadly disease has become partisan. Even if this new Omicron variant or the ones that follow are contained, I think it best that we shed the illusion that we will awaken one morning to find the pandemic over and life returned to the way it was. The normal that was is no longer. The Covid-19 pandemic is transforming the lives of this generation the way the Great Depression, World Wars, and the Cold War shaped the lives of our grandparents and parents. They adapted and survived. And I still have hope that we will too.

Living in...

This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.

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.”

The specs: 2017 Ford F-150 Raptor

Price, base / as tested Dh220,000 / Dh320,000

Engine 3.5L V6

Transmission 10-speed automatic

Power 421hp @ 6,000rpm

Torque 678Nm @ 3,750rpm

Fuel economy, combined 14.1L / 100km

The biog

Title: General Practitioner with a speciality in cardiology

Previous jobs: Worked in well-known hospitals Jaslok and Breach Candy in Mumbai, India

Education: Medical degree from the Government Medical College in Nagpur

How it all began: opened his first clinic in Ajman in 1993

Family: a 90-year-old mother, wife and two daughters

Remembers a time when medicines from India were purchased per kilo

UAE currency: the story behind the money in your pockets
FIXTURES

Thursday
Dibba v Al Dhafra, Fujairah Stadium (5pm)
Al Wahda v Hatta, Al Nahyan Stadium (8pm)

Friday
Al Nasr v Ajman, Zabeel Stadium (5pm)
Al Jazria v Al Wasl, Mohammed Bin Zayed Stadium (8pm)

Saturday
Emirates v Al Ain, Emirates Club Stadium (5pm)
Sharjah v Shabab Al Ahli Dubai, Sharjah Stadium (8pm)

While you're here
The biog

Name: Timothy Husband

Nationality: New Zealand

Education: Degree in zoology at The University of Sydney

Favourite book: Lemurs of Madagascar by Russell A Mittermeier

Favourite music: Billy Joel

Weekends and holidays: Talking about animals or visiting his farm in Australia

The National's picks

4.35pm: Tilal Al Khalediah
5.10pm: Continous
5.45pm: Raging Torrent
6.20pm: West Acre
7pm: Flood Zone
7.40pm: Straight No Chaser
8.15pm: Romantic Warrior
8.50pm: Calandogan
9.30pm: Forever Young

How the bonus system works

The two riders are among several riders in the UAE to receive the top payment of £10,000 under the Thank You Fund of £16 million (Dh80m), which was announced in conjunction with Deliveroo's £8 billion (Dh40bn) stock market listing earlier this year.

The £10,000 (Dh50,000) payment is made to those riders who have completed the highest number of orders in each market.

There are also riders who will receive payments of £1,000 (Dh5,000) and £500 (Dh2,500).

All riders who have worked with Deliveroo for at least one year and completed 2,000 orders will receive £200 (Dh1,000), the company said when it announced the scheme.

UAE currency: the story behind the money in your pockets
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

Jetour T1 specs

Engine: 2-litre turbocharged

Power: 254hp

Torque: 390Nm

Price: From Dh126,000

Available: Now

THE BIO

Favourite car: Koenigsegg Agera RS or Renault Trezor concept car.

Favourite book: I Am Pilgrim by Terry Hayes or Red Notice by Bill Browder.

Biggest inspiration: My husband Nik. He really got me through a lot with his positivity.

Favourite holiday destination: Being at home in Australia, as I travel all over the world for work. It’s great to just hang out with my husband and family.

 

 

Updated: December 14, 2021, 6:36 AM