“Teaching might even be the greatest of arts, since the medium is the human mind and spirit,” said the writer John Steinbeck. The truth of these lines became abundantly clear in the course of the pandemic.
Teachers have always been heroes. Most people have a story about a favourite teacher, one who changed their lives. Starting from the first lockdown last year, they have became superheroes, supporting young people – our most valuable resource and our investments for the future. Teachers have been doing their jobs at a time when the stakes for the future of young people are higher than ever.
Even as we are yet to emerge on the other side of Covid-19, I wrote to my children’s teachers to thank them for their momentous efforts. They need to know that we value and respect them, and that we recognise their actions go beyond the call of duty. The head teacher replied: “Your note made me cry. We do it because we love the children, but it’s so hard day in day out and everything that happens behind the scenes.”
A teacher watches on a device as Britain's Prime Minister Boris Johnson announces the latest lockdown in England, January 4. Reuters
Like the rest of us, they are not immune to the pandemic strains or the illnesses and loss of loved ones. If schools are places with some of the highest transmission rates, teachers’ physical and mental health are at risk too, not just the children's. I dread the post-traumatic stress that teachers will weigh on teachers, and the long-term effect on them and education at large.
Now add to all this the fact that teachers in some parts of the world been drawn into political battles.
Currently, in the UK, the closure of schools in the face of spiking Covid-19 cases is big news. The UK is back in lockdown, with school premises closed and learning moved completely online. But barely hours before the announcement, views about how schools should continue were mixed.
Prime Minister Boris Johnson said schools are "safe" but added that the mixing of bubbles, as children mingle, is the problem. Teachers' unions said the environment is unsafe for teachers as well as pupils and that adhering to these concerns should be top priority. Parents continue to have mixed feelings about the opening or closing of schools, depending on their individual circumstances and their children’s mental health or special needs.
Those who think the severity of the virus is being overstated, who don't want lockdowns and see restrictions as an affront, want schools to open and teachers to teach. The risk, this section of people believes, is small, while education is critical and must continue. Those who take the view that shutting down can finally get us out of this situation despite the short term pain want schools to close. The concerns of teachers and pupils lie somewhere in this mix.
Pre-K teacher Kirstin Roberts covers herself with a warming blanket during a virtual class outside in Chicago, on January 4. AP
We know that schooling and education determine life chances to a great extent. Those chances are not being helped when the social equalities in society are widened due to school closures, resulting in the further widening of the deprivation gap. Take the case of laptops that were promised in April last year to disadvantaged schoolchildren in London. In the end, few were seen. Free school meals – usually provided to children most in need – also became a contentious issue with the government.
These and several more instances make clear that schools are about more than just education. They are institutions that address massive social needs like malnutrition and child care. Teachers are responsible for delivering that wider school remit.
The politics of education clearly suggest that schools have that additional function: to function as childcare centres so that parents can work and keep the economy going. There is little slack in the system. Parents already know this – especially working mothers who, even before the pandemic, struggled daily to balance household finances with child care and work. With coronavirus not yet under control, the struggle is on a societal level.
The pandemic has, however, shown that schooling can be done in different ways. And we must reassess the skills that we need to equip children with. Parents, teachers and all members of society need to rethink what children actually need to learn, given that the pandemic will have changed the way societies work.
But we also need to rethink how learning takes place and factor in new techniques because the move to online and blended learning – with its ability to reach new audiences and students who live far away from the city and their schools – is here to stay.
Teachers are at the heart of society. And as our front line into the future, they deserve nothing less than our complete support and appreciation. To draw on Steinbeck’s words, teachers are ensuring that the minds and spirits of children stay strong, resilient and nurtured.
And as we go into the future, schoolchildren will grow up to be at the forefront of change, despite the wounds they continue to acquire in the pandemic. For making today's children capable of facing an unpredictable and rapidly changing future, we owe teachers a great debt.
Shelina Janmohamed is an author and a culture columnist for The National
Why it pays to compare
A comparison of sending Dh20,000 from the UAE using two different routes at the same time - the first direct from a UAE bank to a bank in Germany, and the second from the same UAE bank via an online platform to Germany - found key differences in cost and speed. The transfers were both initiated on January 30.
Route 1: bank transfer
The UAE bank charged Dh152.25 for the Dh20,000 transfer. On top of that, their exchange rate margin added a difference of around Dh415, compared with the mid-market rate.
Total cost: Dh567.25 - around 2.9 per cent of the total amount
Total received: €4,670.30
Route 2: online platform
The UAE bank’s charge for sending Dh20,000 to a UK dirham-denominated account was Dh2.10. The exchange rate margin cost was Dh60, plus a Dh12 fee.
Total cost: Dh74.10, around 0.4 per cent of the transaction
Total received: €4,756
The UAE bank transfer was far quicker – around two to three working days, while the online platform took around four to five days, but was considerably cheaper. In the online platform transfer, the funds were also exposed to currency risk during the period it took for them to arrive.
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.”
Sector: Additive manufacturing, 3D printing technologies
Size: 15 full-time employees
Stage: Seed stage and seeking Series A round of financing
Investors: Oman Technology Fund from 2017 to 2019, exited through an agreement with a new investor to secure new funding that it under negotiation right now.
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Last-16 Europa League fixtures
Wednesday (Kick-offs UAE)
FC Copenhagen (0) v Istanbul Basaksehir (1) 8.55pm