Last month, on April 24, Sachin Tendulkar turned 39. Two days later, excited television news anchors announced that the government of India had given him a birthday present: he had been nominated to the Rajya Sabha, the upper house of India's parliament. He was now an MP; it was as if Sebastian Coe had been ennobled and raised to the House of Lords with his spikes on.
In parliament, India's opposition parties, so quick to skewer the United Progressive Alliance's government, chorused their approval, suppressing their chagrin that the ruling coalition would get the credit for having done, for once, the right thing. Some pundits murmured that Tendulkar had allowed himself to be used by politicians, but he put a stop to that by making a statement that he was not about to join a political party or enter politics.
For Tendulkar's fans, the nomination was no more than his due.
Some even felt short-changed by the nomination: the government, they felt, should have given him the Bharat Ratna, India's highest civilian honour. This award has been given to, among others, a Nobel Prize-winning economist, a former president, a martyred prime minister and Mother Teresa.
It has recently had its scope amended: from being reserved for exceptional achievement in the arts, literature, sciences and public service, it now recognises achievement in "any field of human endeavour". Tendulkar bulks so large in India's public imagination that there are many who believe that the change was made with the specific intention of clearing a path for him.
Not yet 40, Tendulkar is more than a cricketing great in India, he is on the way to becoming a secular saint. If the upper house nomination was like being beatified, the Bharat Ratna, whenever it's conferred, will complete his canonisation.
In his hagiographies, St Sachin will be remembered as a warrior saint. In his first Test series against Pakistan in 1989, in the fourth Test in Sialkot, this schoolboy, 16 going on 12, was hit in the face by a bouncer. He didn't leave the field; batting in a bloody shirt, he counter-attacked to score his second Test 50. Having been bloodied against the old enemy, he was no longer a prodigy; he was now an authentic Indian hero.
Tendulkar was born into a stereotypical middle-class family. His father was a college teacher who wrote poetry and fiction in Marathi. His mother worked for a life insurance company. He and his three older siblings grew up in a small flat in Bandra East, a then unfashionable part of Mumbai.
His first three centuries confirmed his genius: they came on tour against England and Australia on lively wickets. There was the match-saving 100 at Old Trafford against England when he was 17, the 100 in Sydney against Australia in a drawn match and, finally, the 114 on a fast pitch in Perth that established that Tendulkar wasn't just special, he was a modern great in the making.
The India of the 1990s, remade by liberalisation into a less cautious, more thrusting place than it was before, fell in love with Tendulkar because he combined the solidity of the Bombay school of batsmanship with an irrepressible need to attack. Multinational companies looking for mascots rewarded his spectacular aggression with endorsements that made him rich beyond the dreams of the salaried middle class into which he was born in 1973.
His jousts with Shane Warne, the great Australian leg-spinner, and his rivalry with Brian Lara for the title of best batsman in the world made him a symbol of world-class excellence in a country hungry for heroes.
There were, of course, carpers. As Tendulkar's stack of centuries grew, dissenting voices began to complain that his hundreds burnished his career without necessarily winning Test matches. When the most revered name in cricketing journalism, Wisden, published in 2004 a list of the 100 greatest Test centuries, not one of Tendulkar's figured.
The naysayers said, "we told you so", but they remained in a tiny minority because Tendulkar, along with a great cohort of Indian batsmen - Rahul Dravid, VVS Laxman, Sourav Ganguly and Virender Sehwag - had begun to steer the Indian team to the top of the cricketing tree by beating strong teams at home and competing well abroad.
There was the epic 2-1 win over Australia in 2001, forever associated in the public mind with Laxman's match-winning 281 at the Eden Gardens, but Tendulkar took three wickets in the fourth innings of the match to bowl the Australians out. In the decisive Test in Chennai that India won, Tendulkar scored an uncharacteristically dour 100 that made sure India gained a crucial first innings lead. In the World Cup in South Africa in 2003, Tendulkar's inventive aggression as an opening batsman propelled India to the final, where they lost to Australia.
Win or lose, Tendulkar was the fulcrum of an Indian team that competed on roughly level terms against a dominant Australian side that had a claim to being the greatest team in the history of Test cricket.
Under MS Dhoni's captaincy, Tendulkar helped his team reach the summit of international cricket. In 2010 he had miraculous season as a batsman, rolling back the years to hit seven centuries. His purple patch pushed India to the number one position in the ICC's Test rankings and then, in the summer of 2011, he saw his greatest dream come true: he was part of the Indian team that won the World Cup.
For the first time in the history of the game, India was the best team in the world in both Test and limited-overs cricket. Yuvraj Singh, the player of the tournament, declared that the team had won the Cup for India and Tendulkar. In that magical moment of triumph, after 22 years of trying, Tendulkar did seem to embody Indian cricket.
In the catastrophic year that followed, the Indian team's trajectory and Tendulkar's diverged. Tendulkar opted out of the West Indies tour where India narrowly won the Test series. He was part of the team that lost 4-0 to both England and Australia in tours of those countries. These were the worst beatings that India had suffered in decades. Not only did India lose the Test series, it lost every limited-overs competition it played outside India.
Through this passage of humiliating defeat, Tendulkar left the post-match comments to his teammates. Player after player suffered the embarrassment of explaining why the world's best team was being sequentially thrashed, but not the player to whom Singh had dedicated the World Cup victory.
Tendulkar's defenders argued that, poised on 99 international hundreds (the sum of Tendulkar's Test and One-Day International centuries), his presence would have been a distraction because the press was obsessed with the imminent 100th hundred.
Tendulkar himself took the milestone very seriously. After he scored his 100th century in an ODI in Bangladesh, he and his management began a noisy celebration of the achievement. That India had lost the match against Bangladesh, besides losing virtually every match they had played in the months after the World Cup, seemed to count for little.
Asked about retirement, Tendulkar said that it would be selfish of him to retire at the top of his game, not acknowledging his recent modest record. There seemed, for once, a disconnect between Tendulkar's contribution to the team and his opinion of himself. Earlier, Tendulkar's enormous success as a corporate brand had seemed an incidental by-product of his cricketing genius. Now it seemed as if he was, in the company of Coca-Cola, Adidas and the Indian business giant Mukesh Ambani, massaging his brand since his celebration of the record coincided with Indian cricket's nadir.
A birthday tweet by Tendulkar summed up the new tone deafness: "Hello friends, you can join my birthday chat and send me your wishes at 12.30pm today. Dial 5100100 from your Airtel phone."
However blasé fans become about endorsements, there is something a little off about a great man leveraging his birthday to produce a revenue stream for his sponsors. It almost begged the question: "And how do I say happy birthday if I'm on Vodafone?"
Someone about to be canonised ought to count the cost of individual self-promotion at a time of collective defeat. A sportsman as adored as Tendulkar owes it to himself and his admirers to rein in his handlers when they crank the machine too hard.
Don Bradman, the Australian legend who famously saw in Tendulkar's batting glimpses of his own style, accepted the honours without working his public. Contemporary cricketers show us every day that celebrity can be milked. Bradman knew, as Tendulkar should, that immortality must be guarded.
The biography
April 24, 1973 Tendulkar is born in Mumbai into a middle-class Maharashtrian family
1988 Figures in a 664-run partnership in a school
tournament
1989 Plays his first Test against Pakistan at 16
August 1990 Scores first Test century at Old Trafford
1996 Becomes captain of the Indian team
1998 Helps India win a home series against
Australia
2003 Scores 98 against Pakistan to win a crucial match in the World Cup
December 2010 Becomes the first man to hit 50 Test centuries
February 2010 Attains the
highest score ever in One Day cricket: 200 against South Africa
2011 Helps India win the World Cup in Mumbai
March 2012 Hits 100th
hundred in the Asia Cup.
Cinco in numbers
Dh3.7 million
The estimated cost of Victoria Swarovski’s gem-encrusted Michael Cinco wedding gown
46
The number, in kilograms, that Swarovski’s wedding gown weighed.
1,000
The hours it took to create Cinco’s vermillion petal gown, as seen in his atelier [note, is the one he’s playing with in the corner of a room]
50
How many looks Cinco has created in a new collection to celebrate Ballet Philippines’ 50th birthday
3,000
The hours needed to create the butterfly gown worn by Aishwarya Rai to the 2018 Cannes Film Festival.
1.1 million
The number of followers that Michael Cinco’s Instagram account has garnered.
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The specs
Engine: 2.0-litre 4cyl turbo
Power: 261hp at 5,500rpm
Torque: 405Nm at 1,750-3,500rpm
Transmission: 9-speed auto
Fuel consumption: 6.9L/100km
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Some of Darwish's last words
"They see their tomorrows slipping out of their reach. And though it seems to them that everything outside this reality is heaven, yet they do not want to go to that heaven. They stay, because they are afflicted with hope." - Mahmoud Darwish, to attendees of the Palestine Festival of Literature, 2008
His life in brief: Born in a village near Galilee, he lived in exile for most of his life and started writing poetry after high school. He was arrested several times by Israel for what were deemed to be inciteful poems. Most of his work focused on the love and yearning for his homeland, and he was regarded the Palestinian poet of resistance. Over the course of his life, he published more than 30 poetry collections and books of prose, with his work translated into more than 20 languages. Many of his poems were set to music by Arab composers, most significantly Marcel Khalife. Darwish died on August 9, 2008 after undergoing heart surgery in the United States. He was later buried in Ramallah where a shrine was erected in his honour.
The%20specs
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White hydrogen: Naturally occurring hydrogen
Chromite: Hard, metallic mineral containing iron oxide and chromium oxide
Ultramafic rocks: Dark-coloured rocks rich in magnesium or iron with very low silica content
Ophiolite: A section of the earth’s crust, which is oceanic in nature that has since been uplifted and exposed on land
Olivine: A commonly occurring magnesium iron silicate mineral that derives its name for its olive-green yellow-green colour
Who's who in Yemen conflict
Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government
Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council
Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south
Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory
Will the pound fall to parity with the dollar?
The idea of pound parity now seems less far-fetched as the risk grows that Britain may split away from the European Union without a deal.
Rupert Harrison, a fund manager at BlackRock, sees the risk of it falling to trade level with the dollar on a no-deal Brexit. The view echoes Morgan Stanley’s recent forecast that the currency can plunge toward $1 (Dh3.67) on such an outcome. That isn’t the majority view yet – a Bloomberg survey this month estimated the pound will slide to $1.10 should the UK exit the bloc without an agreement.
New Prime Minister Boris Johnson has repeatedly said that Britain will leave the EU on the October 31 deadline with or without an agreement, fuelling concern the nation is headed for a disorderly departure and fanning pessimism toward the pound. Sterling has fallen more than 7 per cent in the past three months, the worst performance among major developed-market currencies.
“The pound is at a much lower level now but I still think a no-deal exit would lead to significant volatility and we could be testing parity on a really bad outcome,” said Mr Harrison, who manages more than $10 billion in assets at BlackRock. “We will see this game of chicken continue through August and that’s likely negative for sterling,” he said about the deadlocked Brexit talks.
The pound fell 0.8 per cent to $1.2033 on Friday, its weakest closing level since the 1980s, after a report on the second quarter showed the UK economy shrank for the first time in six years. The data means it is likely the Bank of England will cut interest rates, according to Mizuho Bank.
The BOE said in November that the currency could fall even below $1 in an analysis on possible worst-case Brexit scenarios. Options-based calculations showed around a 6.4 per cent chance of pound-dollar parity in the next one year, markedly higher than 0.2 per cent in early March when prospects of a no-deal outcome were seemingly off the table.
Bloomberg
Under 19 World Cup
Group A: India, Japan, New Zealand, Sri Lanka
Group B: Australia, England, Nigeria, West Indies
Group C: Bangladesh, Pakistan, Scotland, Zimbabwe
Group D: Afghanistan, Canada, South Africa, UAE
UAE fixtures
Saturday, January 18, v Canada
Wednesday, January 22, v Afghanistan
Saturday, January 25, v South Africa
UAE currency: the story behind the money in your pockets
Killing of Qassem Suleimani
More from Neighbourhood Watch
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.”
500 People from Gaza enter France
115 Special programme for artists
25 Evacuation of injured and sick
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Power: 450hp
Torque: 700Nm
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Engine: 2-litre TSI petrol
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UAE currency: the story behind the money in your pockets