When Nathan Apodaca’s car broke down last month, he reached for his smartphone, a bottle of cranberry juice and his long-board, flicked open a popular social media app and rolled his way into history.
Even if you are familiar with the viral TikTok clip of him skateboarding down a US slip road lipsyncing to a popular song from the '70s, it is worth unpacking it a little to work out why those few seconds of footage have gone viral.
Perhaps it is the knowing nod Mr Apodaca gives to the camera in its opening frames or the grey asphalt, silver silos and white pick-up trucks that filled his corner of Idaho on that crisp September morning? Or maybe it was his choice of song, Fleetwood Mac's Dreams, which was such a perfect example of soft rock to set against the cloudy blue morning sky behind him. Taken together and viewed from afar, this is a familiar version of America, as seen in popular culture.
But the real magic happens as Mr Apodaca slides down the road on an unseen skateboard, slugging fitfully from an oversized plastic bottle of fruit juice, and Fleetwood Mac’s Stevie Nicks begins to sing, “You say you want your freedom, well who am I to keep you down,” before Mr Apodaca mimes: “It’s only right that you should play the way you feel it.”
Like the best art, everything seems to balance perfectly: intrigue, humour, light and despair. There is what we know in this small vignette and then there is the great chasm of the unknown that has been progressively filled by the many interviews Mr Apodaca has given since posting his work on TikTok.
What happened next also seems to embody a version of the old-fashioned American Dream, with his rise from anonymity and adversity to possibility and prominence.
Mr Apodaca's moment of fame, compressed into a clip a few seconds long and unwound on loop in our digital world, has prompted tribute videos honouring his art, including one by Mick Fleetwood himself, and has pushed Rumours, the best-selling album from which the song is drawn, back to the top of one of the many Billboard charts that now map every possible genre of music.
Mr Apodaca's TikTok back catalogue has been given a boost too, with many seeking out the clips he posted before he started troubling the zeitgeist. Last week, Ocean Spray, the brand of juice he was drinking on that September morning, delivered a new vehicle to his doorstep to replace his unreliable old one. Media reports say he's found himself an agent and has taken time away from work to make sense of the world he now lives in.
Of the daily avalanche of content delivered to our social media feeds that is posted with phrases like “this clip is exactly what we need right now” and “how it started vs how it’s going”, it turns out that what we really needed was a pause to consider that someone might be having a worse day than any one of us, and that a knowing nod to camera was the best way to express how it’s going.
The trend in viral clips has moved on from the irrepressible spirit of banging pots
In a year marked by staying put and sheltering at home, the trend in viral clips has moved from the irrepressible spirit of banging pots to honour frontline workers in the spring to the look-at-me-I’m-great world of “your last move is their first move” and “between art and quarantine” of the summer.
To some degree, viral social media always used to be rooted in community. Even the often criticised ice bucket challenge, which dominated social media feeds six years ago this autumn and is recognised as one of the defining viral campaigns of the past decade, raised awareness and money for ALS and motor neuron charities around the world. A 2019 report found that funding increased dramatically in the period when the campaign's social media fire burnt most brightly.
That same year, the viral 2014 Twitter campaign "put out your bats" which began following the death of Australian international cricketer Phillip Hughes after being struck by a cricket ball, served to be one of the ways that communities bound themselves together in their collective sadness and incomprehension at what had just happened.
Both examples seem several places removed from the show-off viral social media moments of the summer. If 2020 is the year when so many dreams have dissolved into nightmares and communities have been torn apart by the unfolding tragedy of the pandemic, then his clip is a timely correction at the very least.
No one really knows why certain clips or stories catch fire in the deep forest of social media. Maybe the reason this one did is that it exudes both a sense of loss and a feeling of hope. Later in the song, Nicks sings about “have you any dreams you’d like to sell”. It turns out Mr Apodaca did – and we were only happy to buy them.
Nick March is an assistant editor-in-chief at The National
North Pole stats
Distance covered: 160km
Temperature: -40°C
Weight of equipment: 45kg
Altitude (metres above sea level): 0
Terrain: Ice rock
South Pole stats
Distance covered: 130km
Temperature: -50°C
Weight of equipment: 50kg
Altitude (metres above sea level): 3,300
Terrain: Flat ice
Indoor cricket in a nutshell
Indoor cricket in a nutshell
Indoor Cricket World Cup - Sept 16-20, Insportz, Dubai
16 Indoor cricket matches are 16 overs per side
8 There are eight players per team
9 There have been nine Indoor Cricket World Cups for men. Australia have won every one.
5 Five runs are deducted from the score when a wickets falls
4 Batsmen bat in pairs, facing four overs per partnership
Scoring In indoor cricket, runs are scored by way of both physical and bonus runs. Physical runs are scored by both batsmen completing a run from one crease to the other. Bonus runs are scored when the ball hits a net in different zones, but only when at least one physical run is score.
Zones
A Front net, behind the striker and wicketkeeper: 0 runs
B Side nets, between the striker and halfway down the pitch: 1 run
C Side nets between halfway and the bowlers end: 2 runs
D Back net: 4 runs on the bounce, 6 runs on the full
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.”
Packages which the US Secret Service said contained possible explosive devices were sent to:
- Former first lady Hillary Clinton
- Former US president Barack Obama
- Philanthropist and businessman George Soros
- Former CIA director John Brennan at CNN's New York bureau
- Former Attorney General Eric Holder (delivered to former DNC chair Debbie Wasserman Schultz)
- California Congresswoman Maxine Waters (two devices)
FFP EXPLAINED
What is Financial Fair Play?
Introduced in 2011 by Uefa, European football’s governing body, it demands that clubs live within their means. Chiefly, spend within their income and not make substantial losses.
What the rules dictate?
The second phase of its implementation limits losses to €30 million (Dh136m) over three seasons. Extra expenditure is permitted for investment in sustainable areas (youth academies, stadium development, etc). Money provided by owners is not viewed as income. Revenue from “related parties” to those owners is assessed by Uefa's “financial control body” to be sure it is a fair value, or in line with market prices.
What are the penalties?
There are a number of punishments, including fines, a loss of prize money or having to reduce squad size for European competition – as happened to PSG in 2014. There is even the threat of a competition ban, which could in theory lead to PSG’s suspension from the Uefa Champions League.