COLUMBIA, Mo. // he president of the University of Missouri system stepped down Monday amid criticism of his handling of student complaints about race and discrimination.
President Tim Wolfe said his resignation was effective immediately. He made the announcement at the start of what had been expected to be a lengthy closed-door meeting of the school’s governing board. He largely pre-empted that session in a halting statement that was simultaneously apologetic, clumsy and defiant.
“This is not the way change comes about,” he said, alluding to recent protests. “We stopped listening to each other.”
He urged students, faculty and staff to “use my resignation to heal and start talking again to make the changes necessary.”
A poor audio feed for the one board member who was attending the meeting via conference call left Wolfe standing awkwardly at the podium for nearly three minutes after only being able to read the first sentence of his statement.
The race complaints came to a head over the weekend when at least 30 black football players announced they would not participate in team activities until Wolfe was gone.
For months, black student groups have complained of racial slurs and other slights on the overwhelmingly white flagship campus of the state’s four-college system. Frustrations flared during a homecoming parade October 10 when black protesters blocked Wolfe’s car, and he did not get out and talk to them. They were removed by police.
Black members of the football team joined the outcry on Saturday night. By Sunday, a campus sit-in had grown in size, graduate student groups planned walkouts and politicians began to weigh in.
Until Monday, Wolfe did not indicate that he had any intention of stepping down. He agreed in a statement issued Sunday that “change is needed” and said the university was working to draw up a plan by April to promote diversity and tolerance.
The Tigers’ next game is Saturday against Brigham Young University at Arrowhead Stadium, the home of the NFL’s Kansas City Chiefs, and canceling it could cost the school more than US$1 million (Dh3.67m).
“The athletes of color on the University of Missouri football team truly believe `Injustice Anywhere is a threat to Justice Everywhere,”’ the players said in a statement. “We will no longer participate in any football related activities until President Tim Wolfe resigns or is removed due to his negligence toward marginalised students’ experience. We are united!”
The school’s American collegiate football coach Gary Pinkel expressed solidarity on Twitter, posting a picture of the team and coaches locking arms. The tweet said: “The Mizzou Family stands as one. We are united. We are behind our players.”
Practice and other team activities were canceled Sunday. A statement issued by Pinkel and Missouri athletic director Mack Rhoades linked the return of the protesting American collegiate football players to the end of a hunger strike by a black graduate student who began the effort November 2 and has vowed to not eat until Wolfe is gone.
“Our focus right now is on the health of Jonathan Butler, the concerns of our student-athletes and working with our community to address this serious issue,” the statement said.
The protests began after the student government president, who is black, said in September that people in a passing pickup truck shouted racial slurs at him. In early October, members of a black student organization said slurs were hurled at them by an apparently drunken white student.
Also, a swastika drawn in feces was found recently in a dormitory bathroom.
Many of the protests have been led by an organization called Concerned Student 1950, which gets its name from the year the university accepted its first black student. Its members besieged Wolfe’s car at the parade, and they have been conducting a sit-in on a campus plaza since last Monday.
Two trucks flying Confederate flags drove past the site Sunday, a move many saw as an attempt at intimidation. At least 150 students gathered at the plaza Sunday night to pray, sing and read Bible verses, a larger crowd than on previous days. Many planned to camp there overnight, despite temperatures that had dropped into the upper 30s.
Also joining in the protest effort were two graduate student groups that called for walkouts Monday and Tuesday and the student government at the Columbia campus, the Missouri Students Association.
The association said in a letter Sunday to the system’s governing body that there had been “an increase in tension and inequality with no systemic support” since last year’s fatal shooting of Michael Brown in Ferguson, which is about 120 miles east of Columbia.
Brown, an unarmed black 18 year old, was shot and killed by a white police officer during a struggle, and his death helped spawn the “Black Lives Matter” movement rebuking police treatment of minorities.
The association said Wolfe heads a university leadership that “has undeniably failed us and the students that we represent”.
“He has not only enabled a culture of racism since the start of his tenure in 2012, but blatantly ignored and disrespected the concerns of students,” the group wrote.
Concerned Student 1950 has demanded, among other things, that Wolfe “acknowledge his white male privilege,” that he is immediately removed and that the school adopt a mandatory racial-awareness program and hire more black faculty and staff.
One of the sit-in participants, Abigail Hollis, a black undergraduate, said the campus is “unhealthy and unsafe for us”.
“The way white students are treated is in stark contrast to the way black students and other marginalised students are treated, and it’s time to stop that,” Hollis said. “It’s 2015.”
The school’s undergraduate population is 79 per cent white and 8 per cent black. The state is about 83 per cent white and nearly 12 per cent black.
Wolfe, 56, is a former software executive and Missouri business school graduate whose father taught at the university. He was hired in 2011 as president, succeeding another former business executive who also lacked experience in academia.
Lawmakers and elected officials began to weigh in Sunday. The chairman of a Missouri House higher education committee, Republican Rep. Steven Cookson, said in a statement that Wolfe “can no longer effectively lead” and should leave his post.
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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.”
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The End of Loneliness
Benedict Wells
Translated from the German by Charlotte Collins
Sceptre
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5.10pm: Continous
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6.20pm: West Acre
7pm: Flood Zone
7.40pm: Straight No Chaser
8.15pm: Romantic Warrior
8.50pm: Calandogan
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2011/12 Chelsea: 8(7) - 0
2012/13 West Brom (loan): 35(15) - 17
2013/14 Chelsea: 2(2) - 0
2013/14 Everton (loan): 31(2) - 15
2014/15 Everton: 36(4) - 10
2015/16 Everton: 37(1) - 18
2016/17 Everton: 37(1) - 25
DUBAI SEVENS 2018 DRAW
Gulf Men’s League
Pool A – Dubai Exiles, Dubai Hurricanes, Bahrain, Dubai Sports City Eagles
Pool B – Jebel Ali Dragons, Abu Dhabi Saracens, Abu Dhabi Harlequins, Al Ain Amblers
Gulf Men’s Open
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Gulf U19 Boys
Pool A – Deira International School, Dubai Hurricanes, British School Al Khubairat, Jumeirah English Speaking School B
Pool B – Dubai English Speaking College 2, Jumeirah College, Dubai College A, Abu Dhabi Harlequins 2
Pool C – Bahrain Colts, Al Yasmina School, DESC, DC B
Pool D – Al Ain Amblers, Repton Royals, Dubai Exiles, Gems World Academy Dubai
Pool E – JESS A, Abu Dhabi Sharks, Abu Dhabi Harlequins 1, EC
Gulf Women
Pool A – Kuwait Scorpions, Black Ruggers, Dubai Sports City Eagles, Dubai Hurricanes 2
Pool B – Emirates Firebirds, Sharjah Wanderers, RAK Rides, Beirut Aconites
Pool C – Dubai Hurricanes, Emirates Firebirds 2, Abu Dhabi Saracens, Transforma Panthers
Pool D – AUC Wolves, Dubai Hawks, Abu Dhabi Harlequins, Al Ain Amblers
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This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.
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