Kieren Fallon, who has been banned from horse racing for the past 18 months for doping, will return to the track on Friday night.
Kieren Fallon, who has been banned from horse racing for the past 18 months for doping, will return to the track on Friday night.
Kieren Fallon, who has been banned from horse racing for the past 18 months for doping, will return to the track on Friday night.
Kieren Fallon, who has been banned from horse racing for the past 18 months for doping, will return to the track on Friday night.

It's easy to forgive a winner


  • English
  • Arabic

The disgraced jockey Kieren Fallon is riding Double Standards this week. No, that's not the name of his first mount at Kempton Park on Friday evening, when he will return to the saddle after an 18-month ban. Rather, it is the term for the deliciously topsy-turvy manner in which we judge our sportsmen. Fallon, lest we forget, was banned from racing for the first half of 2007 after testing positive for a banned substance. He had barely been back in the saddle for three months when he again failed a dope test - leading to the 18-month ban imposed back in January 2008. The Irishman also stood trial in the UK for race-fixing, although it was halted due to insufficient evidence and the charges were dropped.

Such a chequered history would be enough to finish a career in many other sectors of life: politics, industry, the Boy Scouts. Instead, whether he wins or loses on Friday (and history suggests he will probably win) Fallon will be given a hero's welcome back to flat racing. What is it with sports fans and our demented logic? Why do we shower dubious characters like Fallon with unconditional love while refusing to even feign affection for better behaved athletes?

Perhaps it is a British thing. Poor old Tim Henman never failed a drug test in his life as he made his way to being the fourth best tennis player in the world, but his name still prompts hoots of derision in his native land outside SW19. His equally clean-living successor Andy Murray - currently ranked No 2 in the world - is only slightly more popular, and that rests on a knife edge. Just one bad match, or another ill-advised joke about the England football team, and he will once again find himself unwelcome at SW19.

Michael Owen scored 118 goals for Liverpool but the Kop's love for him was always lukewarm, at best, even before he signed for arch rivals Manchester United. David Beckham used to run more kilometres per match than any of his England teammates, yet he was regularly accused of being a lazy, self-serving poseur by his countrymen. These, by the way, were the same countrymen who would lavish universal praise on the likes of darts player Phil Taylor (convicted of indecent assault), cricketer Geoffrey Boycott (convicted of assaulting his ex-girlfriend) and snooker player Ronnie O'Sullivan (a former drug user with a troubled personal history).

British sports fans will argue that we love sportsmen who show their human frailties, who strive to be the best despite their fiery temperaments. Others will argue that bad boys are simply more entertaining. The truly deluded may even say that, if Ghandi was right that a civilisation should be judged on how it treats its weakest members, then the world of the sports fan is truly civilised because they embrace those who do wrong.

Well, at least two of those theories may hold some water. But I suspect a slightly baser motive as to why Fallon and similar rebels will always be welcomed home like the Prodigal Son, fatted calf and all. It is because Fallon is such a good jockey that he could probably saddle up that fatted calf and still beat the field with six lengths to spare. It's amazing what we will forgive a sportsman who delivers guaranteed victory.

Maybe if Henman had actually won Wimbledon, or if Murray does so, or if Owen's goals had helped bring the Premiership to Anfield, or Beckham had lifted the World Cup, they too would discover that - even in the topsy turvy mind of a sports fan - we can love the saints as much as the sinners.

What is a robo-adviser?

Robo-advisers use an online sign-up process to gauge an investor’s risk tolerance by feeding information such as their age, income, saving goals and investment history into an algorithm, which then assigns them an investment portfolio, ranging from more conservative to higher risk ones.

These portfolios are made up of exchange traded funds (ETFs) with exposure to indices such as US and global equities, fixed-income products like bonds, though exposure to real estate, commodity ETFs or gold is also possible.

Investing in ETFs allows robo-advisers to offer fees far lower than traditional investments, such as actively managed mutual funds bought through a bank or broker. Investors can buy ETFs directly via a brokerage, but with robo-advisers they benefit from investment portfolios matched to their risk tolerance as well as being user friendly.

Many robo-advisers charge what are called wrap fees, meaning there are no additional fees such as subscription or withdrawal fees, success fees or fees for rebalancing.

Name: Peter Dicce

Title: Assistant dean of students and director of athletics

Favourite sport: soccer

Favourite team: Bayern Munich

Favourite player: Franz Beckenbauer

Favourite activity in Abu Dhabi: scuba diving in the Northern Emirates 

 

Specs

Engine: Dual-motor all-wheel-drive electric

Range: Up to 610km

Power: 905hp

Torque: 985Nm

Price: From Dh439,000

Available: Now

W.
Wael Kfoury
(Rotana)

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COMPANY%20PROFILE
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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.
'Operation Mincemeat' 

Director: John Madden 

 

Cast: Colin Firth, Matthew Macfayden, Kelly Macdonald and Penelope Wilton

 

Rating: 4/5

 
Avatar: Fire and Ash

Director: James Cameron

Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana

Rating: 4.5/5

SPECS
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SCHEDULE

6.30pm Maiden Dh165,000 (Dirt) 1,400m
7.05pm: Handicap Dh170,000 (D) 1,600m
7.40pm: Maiden Dh165,000 (D) 1,600m
8.15pm: Handicap Dh210,000 (D) 1,200m
8.50pm: Handicap Dh210,000 (D) 2,000m
9.25pm:Handicap Dh185,000 (D) 1,400m
 
Amith's predicted winners:
6.30pm: Down On Da Bayou
7.05pm: Etisalat
7.40pm: Mulfit
8.15pm: Pennsylvania Dutch
8.50pm: Mudallel
9.25pm: Midnight Sands

HEADLINE HERE
  • I would recommend writing out the text in the body 
  • And then copy into this box
  • It can be as long as you link
  • But I recommend you use the bullet point function (see red square)
  • Or try to keep the word count down
  • Be wary of other embeds lengthy fact boxes could crash into 
  • That's about it

Left Bank: Art, Passion and Rebirth of Paris 1940-1950

Agnes Poirer, Bloomsbury

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First Person
Richard Flanagan
Chatto & Windus 

SPEC%20SHEET
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Other key dates
  • Finals draw: December 2
  • Finals (including semi-finals and third-placed game): June 5–9, 2019
  • Euro 2020 play-off draw: November 22, 2019
  • Euro 2020 play-offs: March 26–31, 2020
Retirement funds heavily invested in equities at a risky time

Pension funds in growing economies in Asia, Latin America and the Middle East have a sharply higher percentage of assets parked in stocks, just at a time when trade tensions threaten to derail markets.

Retirement money managers in 14 geographies now allocate 40 per cent of their assets to equities, an 8 percentage-point climb over the past five years, according to a Mercer survey released last week that canvassed government, corporate and mandatory pension funds with almost $5 trillion in assets under management. That compares with about 25 per cent for pension funds in Europe.

The escalating trade spat between the US and China has heightened fears that stocks are ripe for a downturn. With tensions mounting and outcomes driven more by politics than economics, the S&P 500 Index will be on course for a “full-scale bear market” without Federal Reserve interest-rate cuts, Citigroup’s global macro strategy team said earlier this week.

The increased allocation to equities by growth-market pension funds has come at the expense of fixed-income investments, which declined 11 percentage points over the five years, according to the survey.

Hong Kong funds have the highest exposure to equities at 66 per cent, although that’s been relatively stable over the period. Japan’s equity allocation jumped 13 percentage points while South Korea’s increased 8 percentage points.

The money managers are also directing a higher portion of their funds to assets outside of their home countries. On average, foreign stocks now account for 49 per cent of respondents’ equity investments, 4 percentage points higher than five years ago, while foreign fixed-income exposure climbed 7 percentage points to 23 per cent. Funds in Japan, South Korea, Malaysia and Taiwan are among those seeking greater diversification in stocks and fixed income.

• Bloomberg

UAE currency: the story behind the money in your pockets
Stormy seas

Weather warnings show that Storm Eunice is soon to make landfall. The videographer and I are scrambling to return to the other side of the Channel before it does. As we race to the port of Calais, I see miles of wire fencing topped with barbed wire all around it, a silent ‘Keep Out’ sign for those who, unlike us, aren’t lucky enough to have the right to move freely and safely across borders.

We set sail on a giant ferry whose length dwarfs the dinghies migrants use by nearly a 100 times. Despite the windy rain lashing at the portholes, we arrive safely in Dover; grateful but acutely aware of the miserable conditions the people we’ve left behind are in and of the privilege of choice.