Bumbling Rangers cannot hold off Giants in Game 1


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SAN FRANCISCO // The dominant October ace was missing for the Texas Rangers.

While Cliff Lee failed to locate his pitches effectively, there were also bobbles in the field and bumbling on the bases. It all added up to a dismal World Series debut for the Rangers, who lost the opener 11-7 to the San Francisco Giants on Wednesday night.

"Jitters didn't have anything to do with it," Ron Washington, the Texas manager, said. "They put 11 runs on the board. They beat us."

Still, the Rangers did plenty to help the Giants. Texas became the first World Series team in six years to have four errors in a game, including two by Vladimir Guerrero in right field.

Ian Kinsler got tagged out when he took a turn past first base on a ball he thought rolled away but did not. And, worst of all for Texas, Lee was not himself. The left-hander lost a post-season game for the first time with his shortest outing while giving up his most runs.

"I was a little bit erratic and trying to find it, and just for whatever reason, I couldn't get consistent with locating pitches," Lee said. "I threw a ton of pitches, and threw a lot of balls. Threw a lot of pitches over the heart of the plate."

The Rangers jumped out to an early 2-0 lead in the match-up of former Cy Young Award winners, and Lee even contributed with his bat, doubling in the second off Tim Lincecum.

But Michael Young, the third baseman, let Edgar Renteria's leadoff grounder in the third kick off his glove for an error. Renteria scored on a double by Freddy Sanchez before Buster Posey's RBI single tied the game in a 32-pitch inning for Lee.

"We would have liked to play a cleaner game," Young said.

Lee, the midseason acquisition the Rangers got in the hope of winning games like this, retired the next six batters before everything fell apart. He was gone after a six-batter span in the fifth when five reached base. Juan Uribe then greeted submarine-style reliever Darren O'Day, knocking a 2-0 fastball into the left-field seats for a three-run homer that made it 8-2.

Guerrero, playing in the field rather than his usual designated hitter slot, misplayed two balls when San Francisco tacked on three runs in the eighth.

Texas had not made four errors in a game since July 2008.

"Usually, a team makes errors, you're going to find a way to score off them," Young said. "But we've been a great defensive team all season long, so this isn't really something we're going to lose sleep over."

* Associated Press

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Our family matters legal consultant

Name: Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.

The advice provided in our columns does not constitute legal advice and is provided for information only. Readers are encouraged to seek independent legal advice. 

The more serious side of specialty coffee

While the taste of beans and freshness of roast is paramount to the specialty coffee scene, so is sustainability and workers’ rights.

The bulk of genuine specialty coffee companies aim to improve on these elements in every stage of production via direct relationships with farmers. For instance, Mokha 1450 on Al Wasl Road strives to work predominantly with women-owned and -operated coffee organisations, including female farmers in the Sabree mountains of Yemen.

Because, as the boutique’s owner, Garfield Kerr, points out: “women represent over 90 per cent of the coffee value chain, but are woefully underrepresented in less than 10 per cent of ownership and management throughout the global coffee industry.”

One of the UAE’s largest suppliers of green (meaning not-yet-roasted) beans, Raw Coffee, is a founding member of the Partnership of Gender Equity, which aims to empower female coffee farmers and harvesters.

Also, globally, many companies have found the perfect way to recycle old coffee grounds: they create the perfect fertile soil in which to grow mushrooms. 

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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.”

UAE currency: the story behind the money in your pockets
From Europe to the Middle East, economic success brings wealth - and lifestyle diseases

A rise in obesity figures and the need for more public spending is a familiar trend in the developing world as western lifestyles are adopted.

One in five deaths around the world is now caused by bad diet, with obesity the fastest growing global risk. A high body mass index is also the top cause of metabolic diseases relating to death and disability in Kuwait,  Qatar and Oman – and second on the list in Bahrain.

In Britain, heart disease, lung cancer and Alzheimer’s remain among the leading causes of death, and people there are spending more time suffering from health problems.

The UK is expected to spend $421.4 billion on healthcare by 2040, up from $239.3 billion in 2014.

And development assistance for health is talking about the financial aid given to governments to support social, environmental development of developing countries.

 

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Match info

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