Soumya Bhattacharya was a novelist, journalist and literary critic
January 12, 2023
In his first policy speech of 2023, British Prime Minister Rishi Sunak talked about wanting to make the study of maths compulsory for all pupils up to the age of 18.
“Right now, just half of all 16–19 year-olds study any maths at all,” Mr Sunak said. “Yet, in a world where data is everywhere and statistics underpin every job, our children’s jobs will require more analytical skills than ever before. And letting our children out into the world without those skills is letting our children down.”
Maths is a pure science. No one can argue that its study is valuable. Or that being accomplished in maths is more useful than being poor at it. But Mr Sunak’s statement also holds a mirror to a global obsession with maths, and a growing belief that being successful at that one subject will become synonymous with success in life and earning a livelihood. It speaks to the primacy of Stem (science, technology, engineering, mathematics) within the university system across the world, the largesse being granted to Stem by universities to the exclusion of every other field of study.
Amid this craze, it escapes many of us – including education administrators and academics – that the study of a certain field other than maths equips pupils to navigate their way through a world and jobs which, as Mr Sunak put it, “require more analytical skills than ever before”. That field is the liberal arts.
The study of the liberal arts hones the powers of logical reasoning, critical thinking, rational analysis, and problem solving
We can all agree that the liberal arts develop soft skills in its students. In a world in which communication is the key, a liberal arts graduate is likelier to be a more effective communicator than, say, an engineering graduate.
Much more importantly, however, the study of the liberal arts hones the powers of logical reasoning (and, therefore, analytical skills), critical thinking, rational analysis, and problem solving. An astute liberal arts graduate ought to be able to deconstruct any text or situation. When confronted with, for instance, a major global event, they should be able to place it in a historical, cultural and sociological context, spot connections and patterns between the past and the present, join the dots, break down a complicated set of circumstances and explain it with perceptiveness and fluency.
A wide range of interests, vast reading, as well as broad and deep exposure to literature, philosophy, the arts, film and popular culture – without which no liberal arts graduate is worth their salt – broadens the mind and imparts erudition. It also makes for a versatile, cosmopolitan, well-rounded human being, who is steeped in a variety of influences and can use them to untangle a knotty conundrum. Not for nothing are liberal arts graduates now much in demand in sectors like tech and AI – fields distinct from the ones with which they were traditionally associated.
The fetishisation of maths as a subject (something that has existed for ages in countries such as India and China) means that 17- and 18-year-olds who are not as proficient in it as some of their peers are somehow perceived to be lesser pupils. Worse, forcing them to study maths even if they have no knack for it results in their being unable to explore subjects that excite a passion in them, areas of study that they may really want to explore.
British Prime Minister Rishi Sunak during Prime Minister's Questions at the House of Commons in London. EPA
In a 2019 lecture titled "The Liberal Arts in the 21st Century: More Important than Ever", Santa J Ono, currently president of the University of Michigan and at the time the vice chancellor of the University of British Columbia in Vancouver, drew attention to the book Losing Earth: The Decade We Could Have Stopped Climate Change, by Nathaniel Rich. “I urge you all to read its compelling narrative about climate change and the chance we had to save the Earth three decades ago,” he said.
“The author of Losing Earth was not a climate scientist; he was a liberal arts graduate. I would argue that his humanities background helped make his message even more powerful, because his liberal arts education gave him the critical thinking skills, and the perspective to bring home the poignancy of our lost chance to save the Earth’s environment.”
Dr Ono himself is a widely respected immunologist. He did his undergraduate degree from the University of Chicago, one of the finest institutions in the world. But he believes that the liberal arts courses he took at university made him a better scholar and human being. “I believe that I am a better scholar because of my liberal arts education, because it was intentionally diverse and heterogeneous, because it made me move outside of my comfort zone into areas of thought and discussion that were uncomfortable to me ... it broadened my mind, it exercised my mind,” Dr Ono said.
Maths deals only in black and white; there is only right or wrong. By nurturing complex life skills, the liberal arts teach its students to navigate a world that is in many shades of grey.
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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1. Black holes are objects whose gravity is so strong not even light can escape their pull
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3. Large black holes can also be formed when smaller ones collide and merge
4. The biggest black holes lurk at the centre of many galaxies, including our own
5. Astronomers believe that when the universe was very young, black holes affected how galaxies formed
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Indoor Cricket World Cup
Venue Insportz, Dubai, September 16-23
UAE squad Saqib Nazir (captain), Aaqib Malik, Fahad Al Hashmi, Isuru Umesh, Nadir Hussain, Sachin Talwar, Nashwan Nasir, Prashath Kumara, Ramveer Rai, Sameer Nayyak, Umar Shah, Vikrant Shetty
Key findings of Jenkins report
Founder of the Muslim Brotherhood, Hassan al Banna, "accepted the political utility of violence"
Views of key Muslim Brotherhood ideologue, Sayyid Qutb, have “consistently been understood” as permitting “the use of extreme violence in the pursuit of the perfect Islamic society” and “never been institutionally disowned” by the movement.
Muslim Brotherhood at all levels has repeatedly defended Hamas attacks against Israel, including the use of suicide bombers and the killing of civilians.
Laying out the report in the House of Commons, David Cameron told MPs: "The main findings of the review support the conclusion that membership of, association with, or influence by the Muslim Brotherhood should be considered as a possible indicator of extremism."
Position: legal consultant with Al Rowaad Advocates and Legal Consultants.
THE BIO: Martin Van Almsick
Hometown: Cologne, Germany
Family: Wife Hanan Ahmed and their three children, Marrah (23), Tibijan (19), Amon (13)
Favourite dessert: Umm Ali with dark camel milk chocolate flakes
Favourite hobby: Football
Breakfast routine: a tall glass of camel milk
UK's plans to cut net migration
Under the UK government’s proposals, migrants will have to spend 10 years in the UK before being able to apply for citizenship.
Skilled worker visas will require a university degree, and there will be tighter restrictions on recruitment for jobs with skills shortages.
But what are described as "high-contributing" individuals such as doctors and nurses could be fast-tracked through the system.
Language requirements will be increased for all immigration routes to ensure a higher level of English.
Rules will also be laid out for adult dependants, meaning they will have to demonstrate a basic understanding of the language.
The plans also call for stricter tests for colleges and universities offering places to foreign students and a reduction in the time graduates can remain in the UK after their studies from two years to 18 months.
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Starring:Ajay Devgn, Tabu, Shantanu Maheshwari, Jimmy Shergill, Saiee Manjrekar