Legend has it that when the Kellogg Co was testing a new cereal called Coco Pops, it was discovered that consumers liked the chocolate taste but were put off by the milk turning brown.
Instead of scrapping the product, some clever marketing man suggested they simply pre-empt this objection by presenting it as a positive. And so an advertising slogan was born: "So chocolatey, they even turn the milk brown."
The rest, as they say, is obesity. Sorry, I mean history.
The milk of English football is turning brown today, with both the Premier League title and FA Cup likely to be decided within the same three hours or so.
If Manchester United draw or win against Blackburn at Ewood Park, a record 19th title is theirs.
Thirty minutes later, the FA Cup final will kick off between Manchester City and Stoke City.
It is brown because it is different. Normally, the FA Cup final has a special day all to itself.
Is this change a good thing? It could have been, had the marketing men who now allegedly run the game bothered to tell us how wonderfully chocolatey it will taste.
What a feast of football, they could have told us: warm up with a title-decider, then enjoy the climax of the oldest cup competition in football.
Roll up, roll up, and bag your place on the sofa for this once-in-a-lifetime spectacle!
And what a great story, they might have teased: both halves of a great football city poised for potential ecstasy on the very same afternoon!
Which set of fans will occupy Albert Square, the traditional focal point in Manchester for such celebrations, tonight?
Will it be swathed solely in red, as if to emphasise the dominance of United or - for this week at least - draped only in unfamiliar sky blue, moth-eaten banners fluttering in a wind of change?
Or will it be half and half, with United's greatest achievement tempered by the hot breath of their resurgent neighbours down their necks? But they did not sell us this chocolate treat.
Instead, football shrugged its shoulders and said: "Sorry, but Uefa didn't want us to use Wembley for two weeks before the Champions League final, so what can we do?"
This was an open goal to traditionalists who are determined to see an international conspiracy against the FA Cup, those dewy-eyed nostalgia-mongers who cannot bear the thought of cup-final day feeling even slightly different to when they watched it as pups.
The charge was led by Tony Pulis, the Stoke manager, who called the decision "disgusting". Pundits, players and ex-professionals agreed. To them, brown milk tastes not of chocolate but something altogether less palatable.
For some reason - coincidence, incompetence or perhaps a desire to take all the flak at once - the Football Association chose this time to announce that next year's FA Cup final will again clash with league games, due to the season being truncated by the European Championships.
Oh, yes, and kick off will be moved from 3pm to 5.15pm because the television people say so.
Not all football fans fear change - I am comfortable with experimentation, and I am looking forward to this day of double destiny - but I do fear the idea of my sport being run by spineless buffoons who apparently lurch between decisions without a plan, or even the semblance of one.
In short, give us cocoa the taste, not Cocoa the Clown.
sports@thenational.ae
Yemen's Bahais and the charges they often face
The Baha'i faith was made known in Yemen in the 19th century, first introduced by an Iranian man named Ali Muhammad Al Shirazi, considered the Herald of the Baha'i faith in 1844.
The Baha'i faith has had a growing number of followers in recent years despite persecution in Yemen and Iran.
Today, some 2,000 Baha'is reside in Yemen, according to Insaf.
"The 24 defendants represented by the House of Justice, which has intelligence outfits from the uS and the UK working to carry out an espionage scheme in Yemen under the guise of religion.. aimed to impant and found the Bahai sect on Yemeni soil by bringing foreign Bahais from abroad and homing them in Yemen," the charge sheet said.
Baha'Ullah, the founder of the Bahai faith, was exiled by the Ottoman Empire in 1868 from Iran to what is now Israel. Now, the Bahai faith's highest governing body, known as the Universal House of Justice, is based in the Israeli city of Haifa, which the Bahais turn towards during prayer.
The Houthis cite this as collective "evidence" of Bahai "links" to Israel - which the Houthis consider their enemy.
About Proto21
Date started: May 2018
Founder: Pir Arkam
Based: Dubai
Sector: Additive manufacturing (aka, 3D printing)
Staff: 18
Funding: Invested, supported and partnered by Joseph Group
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Engine: 2-litre turbocharged
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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.”
ACL Elite (West) - fixtures
Monday, Sept 30
Al Sadd v Esteghlal (8pm)
Persepolis v Pakhtakor (8pm)
Al Wasl v Al Ahli (8pm)
Al Nassr v Al Rayyan (10pm)
Tuesday, Oct 1
Al Hilal v Al Shorta (10pm)
Al Gharafa v Al Ain (10pm)
Sholto Byrnes on Myanmar politics
Three trading apps to try
Sharad Nair recommends three investment apps for UAE residents:
- For beginners or people who want to start investing with limited capital, Mr Nair suggests eToro. “The low fees and low minimum balance requirements make the platform more accessible,” he says. “The user interface is straightforward to understand and operate, while its social element may help ease beginners into the idea of investing money by looking to a virtual community.”
- If you’re an experienced investor, and have $10,000 or more to invest, consider Saxo Bank. “Saxo Bank offers a more comprehensive trading platform with advanced features and insight for more experienced users. It offers a more personalised approach to opening and operating an account on their platform,” he says.
- Finally, StashAway could work for those who want a hands-off approach to their investing. “It removes one of the biggest challenges for novice traders: picking the securities in their portfolio,” Mr Nair says. “A goal-based approach or view towards investing can help motivate residents who may usually shy away from investment platforms.”
AI traffic lights to ease congestion at seven points to Sheikh Zayed bin Sultan Street
The seven points are:
Shakhbout bin Sultan Street
Dhafeer Street
Hadbat Al Ghubainah Street (outbound)
Salama bint Butti Street
Al Dhafra Street
Rabdan Street
Umm Yifina Street exit (inbound)
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