Graduation could be risky for Carroll



I like to think that after two decades of covering sports, I am hard to shock. But when the University of Southern California (USC) head football coach announced he was moving to the NFL's Seattle Seahawks I was caught off guard. Pete Carroll had become USC football. When he arrived there in 2000, he instantly turned the programme from mediocre to dominant. During his tenure USC won two national titles, had two Heisman Trophy winners and had 14 players selected in the first round of the NFL draft.

He became a household name as the coach of the best college football programme in the west of the United States. "We've had a marvellous run of players who made this thing happen," Carroll said of his success at USC. "These have been the most cherished times of my life. I don't expect to ever top this." Carroll was last an NFL head coach in 1994 with the New York Jets. He failed. It had always been rumoured that even with all his success at USC, Carroll had unfinished business with the NFL.

"It hurts to separate right now, but it can't keep on going because I can't pass up this opportunity." Carroll said. "This is the challenge of a lifetime and it's too difficult to pass up. It's not about money or any tangible issues. It's about the challenge." I see his point. This is an area in coaching that he has yet to tackle successfully, but I still have two questions? Why Seattle? I am not saying Seattle is not a nice city or that their football team are second rate, but to leave one of the premier jobs in college football for an NFL franchise who are not media favourites seems an odd move. He will be paid a ton of money and have total control of the Seahawks, but on the food chain of American sports, being Seattle coach is not a premier position.

So maybe the reason is that USC football tailed off a bit this year. They neither dominated nor played for the national title. Maybe big-time NFL teams stopped calling Carroll and maybe Seattle were his only option. Why now? Beyond the fact that USC football had an off year, there are two ongoing National Collegiate Athletic Association (NCAA) investigations into the programme and possible rule infractions by USC players for taking improper benefits from the boosters who fund the team.

It is not out of the realm of possibility that Carroll saw NCAA punishment on the horizon and bailed out for the first offer that came his way. We will not know if that is true until the NCAA finish their investigation. When I see Carroll jump back into the NFL coaching fraternity, I wonder what the attraction is that makes successful college coaches leave secure jobs for the uncertainty of the NFL ranks.

Steve Spurrier was on top of the world at the University of Florida in 2001 when he left to coach the Washington Redskins. He flamed out in two seasons. Nick Saban did the same when he left Louisiana State University in 2004 for the Miami Dolphins. He too lasted just two years. Is it just that the NFL is the pinnacle of American football coaching? Is it tougher to deal with naïve 18-year-old college football players or 25-year-old millionaires?

It seems to me I would prefer coaching at college level, but time after time top college coaches leave the comfort of a successful programme for the challenge of the NFL. So in two years will Carroll be another Spurrier or Saban? Will he be kicking himself for leaving USC when he was on top? He probably answered this the day he left USC. "I never thought this would happen," Carroll said. "I thought I'd be here forever."

@Email:ppabst@thenational.ae

If you go
Where to stay: Courtyard by Marriott Titusville Kennedy Space Centre has unparalleled views of the Indian River. Alligators can be spotted from hotel room balconies, as can several rocket launch sites. The hotel also boasts cool space-themed decor.

When to go: Florida is best experienced during the winter months, from November to May, before the humidity kicks in.

How to get there: Emirates currently flies from Dubai to Orlando five times a week.
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Globalization and its Discontents Revisited
Joseph E. Stiglitz
W. W. Norton & Company

The specs
 
Engine: 3.0-litre six-cylinder turbo
Power: 398hp from 5,250rpm
Torque: 580Nm at 1,900-4,800rpm
Transmission: Eight-speed auto
Fuel economy, combined: 6.5L/100km
On sale: December
Price: From Dh330,000 (estimate)
Places to go for free coffee
  • Cherish Cafe Dubai, Dubai Investment Park, are giving away free coffees all day. 
  • La Terrace, Four Points by Sheraton Bur Dubai, are serving their first 50 guests one coffee and four bite-sized cakes
  • Wild & The Moon will be giving away a free espresso with every purchase on International Coffee Day
  • Orange Wheels welcome parents are to sit, relax and enjoy goodies at ‘Café O’ along with a free coffee
Paatal Lok season two

Directors: Avinash Arun, Prosit Roy 

Stars: Jaideep Ahlawat, Ishwak Singh, Lc Sekhose, Merenla Imsong

Rating: 4.5/5

The specs

Engine: Direct injection 4-cylinder 1.4-litre
Power: 150hp
Torque: 250Nm
Price: From Dh139,000
On sale: Now

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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How to protect yourself when air quality drops

Install an air filter in your home.

Close your windows and turn on the AC.

Shower or bath after being outside.

Wear a face mask.

Stay indoors when conditions are particularly poor.

If driving, turn your engine off when stationary.

Dubai Bling season three

Cast: Loujain Adada, Zeina Khoury, Farhana Bodi, Ebraheem Al Samadi, Mona Kattan, and couples Safa & Fahad Siddiqui and DJ Bliss & Danya Mohammed 

Rating: 1/5

Jawab Iteiqal
Director: Mohamed Sammy
Starring: Mohamed Ramadan, Ayad Nasaar, Mohamed Adel and Sabry Fawaz
2 stars

Know your camel milk:
Flavour: Similar to goat’s milk, although less pungent. Vaguely sweet with a subtle, salty aftertaste.
Texture: Smooth and creamy, with a slightly thinner consistency than cow’s milk.
Use it: In your morning coffee, to add flavour to homemade ice cream and milk-heavy desserts, smoothies, spiced camel-milk hot chocolate.
Goes well with: chocolate and caramel, saffron, cardamom and cloves. Also works well with honey and dates.