The television show Dynasty – remember that one? About the personal and business intrigues of a rich American family? – ran from 1981 to 1989. It was extremely popular in its day, but maybe the best measure of its impact is this: people named their babies after its characters.
The elegant patriarch of the family, Blake Carrington – played by the silver-haired, honey-voiced John Forsythe – and the vampy seductress, Alexis Carrington – played by the, well, vampy and seductive Joan Collins – may not have been terrific moral role models for a generation of American children, but their glamorous-sounding given names certainly were.
This happens a lot. There was a surge of baby boys called James after the first two Bond films were released with Sean Connery in that iconic role. The 1970s saw an uptick in the names Luke (think Luke Skywalker) and Clint and Farrah (as in Eastwood and Fawcett, of course) but also odder choices, like Bonnie from Bonnie & Clyde, a rather violent and gruesome picture that ended with the title characters riddled with bullets.
It’s hard to imagine seeing that film and that scene and immediately thinking to yourself, “you know, Bonnie is such a lovely name”, but a disproportionate number of expectant parents did exactly that. Maybe it’s not really about the specifics of the movie or television show. Maybe just hearing a name said aloud – having it float around the ether of the popular culture – is enough to inspire a parent.
As those babies get older, of course, the names lose their immediate Hollywood association, so maybe it’s not such a terrible idea. There were plenty of Jameses and Lukes and Bonnies before those hit movies entered the cultural mainstream, so when those children introduced themselves – “Hi, I’m Clint, and this is my friend Luke” – it wasn’t immediately obvious that their parents were highly suggestible movie buffs.
Not so the unfortunate children of Dynasty – those born to parents under the sway of that over-the-top and barely-believable series. They are now in their mid-twenties, out on their own, looking for jobs and getting apartments and doing all of the things that young adults do. The names Blake and Alexis weren't unknown before the series, but anyone over the age of, say, 40, who meets a young Blake or a young Alexis or, even more hilariously, a young Blake and Alexis at the same time, can be forgiven for erupting into giggles.
In the mid-1990s, the most popular television show in the world was Baywatch, which was about – and I can't really believe I have to say this, but if you're younger than 30 this might be ancient history – an ensemble of beach lifeguards in Southern California.
The star of the show, David Hasselhoff, played a character called Mitch, though that apparently did not inspire a bubble of baby Mitches around the world. David Hasselhoff, despite being the most-watched person on Earth at the time, simply couldn't sell anyone on his character's given name. There were no reports of an explosion of Mitches around the globe. The Baywatch-inspired Mitch babies would be in their early 20s by now. I haven't met any. Have you?
Hasselhoff’s son on the show, on the other hand, was called Hobie, which isn’t even a given name to begin with. Hobie is a brand of surfboards and small sailing craft based in Southern California. It wasn’t clear in the show whether Hasselhoff’s Mitch had named his son after the brand, but that didn’t matter to its worldwide audience.
Not too long ago, when I was travelling through eastern Europe, I encountered several young Hobies – the living echoes of their parents'Baywatch obsession. And for the record: not one of them surfed.
According to a recent survey, there has been a noticeable upswing in the following odd-sounding names for newborn children: Lux and Ludwig are more popular than ever for boys; Valencia and Juno are spiking for girls.
What do all of those names have in common? Is there a popular television show or motion picture with characters with those names? Well, if you check out Instagram, the most popular photo-sharing app in the world, and look at the available “filters” it offers to help touch-up and glamourise your camera-phone snaps, you’ll see Lux, Ludwig, Valencia and Juno among the choices.
Yes, that’s right: some people are naming their children after Instagram filters.
Which, I suppose, doesn’t seem all that outlandish when you think of the Blakes, Alexises, Hobies and Bonnies running around. In fact, as the generations unfold, it’s entirely possible that in 20 years, a middle-management Hobie might interview a young and enthusiastic Juno or Lux for a job. Of course, before any job is offered, the young Ludwig or Valencia will probably have to have a brief meeting with a now-senior level Blake or Alexis.
Bonnie, Clint and Luke, by this time, will be retired and living on their pensions.
Rob Long is a writer and producer in Hollywood
On Twitter: @rcbl
Who was Alfred Nobel?
The Nobel Prize was created by wealthy Swedish chemist and entrepreneur Alfred Nobel.
- In his will he dictated that the bulk of his estate should be used to fund "prizes to those who, during the preceding year, have conferred the greatest benefit to humankind".
- Nobel is best known as the inventor of dynamite, but also wrote poetry and drama and could speak Russian, French, English and German by the age of 17. The five original prize categories reflect the interests closest to his heart.
- Nobel died in 1896 but it took until 1901, following a legal battle over his will, before the first prizes were awarded.
The National in Davos
We are bringing you the inside story from the World Economic Forum's Annual Meeting in Davos, a gathering of hundreds of world leaders, top executives and billionaires.
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Messi (27’, 32’, 87’)
Leganes 1
El Zhar (68’)
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Ajax v Real Madrid, midnight (Thursday), BeIN Sports
The years Ramadan fell in May
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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Verona 1 (Verre 19' pen)
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Uefa Champions League, semi-final result:
Liverpool 4-0 Barcelona
Liverpool win 4-3 on aggregate
Champions Legaue final: June 1, Madrid
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.
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Director: James Cameron
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Rating: 4.5/5
The specs
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