Rogue asteroids on course to 'buzz' Earth


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PARIS .. Astronomers are gearing for thrills this year when Earth gets buzzed by two rogue asteroids and two comets, including a wanderer last seen by the forerunners of mankind, blaze across the sky.

Next week, the guardians who scour the heavens for dangerous space rocks will be closely tracking an asteroid called 99942 Apophis.

Named after the god of evil and darkness in Egyptian mythology, Apophis measures around 270 metres (877 feet) across, a mass able to deliver more energy than 25,000 Hiroshima bombs if it ever smashed into Earth.

Apophis sparked some heart-stopping moments when it was first detected in 2004.

Early calculations suggested a 2.7-percent probability of a collision in 2029, the highest ever seen for an asteroid, but the risk was swiftly downgraded after more observations.

Even so, for April 13, 2036, "there is still a tiny chance of an impact," says NASA's fabled Jet Propulsion Laboratory (JPL), which puts the risk at about one in 250,000.

One of the big unknowns is the Yarkovsky effect, a phenomenon discovered by a Russian engineer at the start of the 20th century.

A slowly rotating body that orbits close to the Sun experiences heating on one side of its body that then cools at "night" as it turns over.

This alternate heating and cooling can cause a tiny momentum, depending on the body's spin and amount of area that warms.

The question is whether, over time, the Yarkovsky effect is accelerating Apophis, thus skewing estimates for future approaches.

Seeking clues, NASA's deep-space radars at Goldstone, in California's Mojave desert, and at Arecibo in Puerto Rico will be scanning Apophis, which on January 9 will pass by at some 14.5 million kilometres (nine million miles).

"Using new measurements of the asteroid's distance and line-of-sight velocity, we hope to reduce the orbital uncertainties and extend the interval over which we can compute the motion into the future," JPL's Lance Benner said in an email.

"It's possible that the new measurements improve the orbit to the point that we can completely rule out an impact."

On February 15, a 57-metre (185-feet) asteroid, 2012 DA14, will skim the planet at just 34,500 kilometres (21,600 miles). In other words, it will spookily fly by inside the orbit of geostationary satellites.

"It's going to be the closest predicted flyby of an asteroid," says Mark Bailey, director of the Armagh Observatory in Northern Ireland.

"Because it is coming so close, even amateur astronomers will be able to watch it as it moves against background stars, and it may be visible through binoculars."

Comets - seen by the superstitious as harbingers of great events - could make 2013 a memorable year, astronomers hope.

Lonely travellers of the cosmos, comets comprise giant clumps of primeval ice and dust, formed in the infancy of the Solar System, which loop around the Sun at intervals that can vary from years to aeons.

As they get closer to our star, solar heat warms the comet's surface, causing it to spew out gases and shed a dusty trail which becomes reflected as a "tail" in the Sun's rays.

First up is Comet 2011 L4 (PANSTARRS), whose name comes from the telescope at the University of Hawaii which spotted it in 2011.

PANSTARRS could be at its brightest from March 8 to 12, according to US specialist Gary Kronk.

The biggest excitement is being reserved for Comet ISON, named after the International Scientific Optical Network, whose telescope was used by Russian astronomers Vitaly Nevski and Artyom Novichonok to make the find last September.

Right now, it is unclear how bright ISON will be, but by some calculations it could become visible to the naked eye by late November and maybe linger brilliantly for months, becoming a once-a-century event.

ISON is an extraordinary beast, for it last returned to Earth 10 million years ago, or more, says Bailey.

"It's a 'new comet', which comes from a region of the Solar System that's called the Oort Cloud, an extensive system that extends from around a thousand times the distance of the Earth to the Sun to around 100,000-200,000 times this distance," Bailey says.

"If you imagine a model of the Solar System whereby the Sun's a football in the centre of a football pitch and the Earth is on the perimeter, then this comet has come effectively from Australia. That's the scale of things."

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The President's Cake

Director: Hasan Hadi

Starring: Baneen Ahmad Nayyef, Waheed Thabet Khreibat, Sajad Mohamad Qasem 

Rating: 4/5

Need to know

When: October 17 until November 10

Cost: Entry is free but some events require prior registration

Where: Various locations including National Theatre (Abu Dhabi), Abu Dhabi Cultural Center, Zayed University Promenade, Beach Rotana (Abu Dhabi), Vox Cinemas at Yas Mall, Sharjah Youth Center

What: The Korea Festival will feature art exhibitions, a B-boy dance show, a mini K-pop concert, traditional dance and music performances, food tastings, a beauty seminar, and more.

For more information: www.koreafestivaluae.com

List of alleged parties

 

May 12, 2020: PM and his wife Carrie attend 'work meeting' with at least 17 staff 

May 20, 2020: They attend 'bring your own booze party'

Nov 27, 2020: PM gives speech at leaving party for his staff 

Dec 10, 2020: Staff party held by then-education secretary Gavin Williamson 

Dec 13, 2020: PM and his wife throw a party

Dec 14, 2020: London mayoral candidate Shaun Bailey holds staff event at Conservative Party headquarters 

Dec 15, 2020: PM takes part in a staff quiz 

Dec 18, 2020: Downing Street Christmas party 

Zidane's managerial achievements

La Liga: 2016/17
Spanish Super Cup: 2017
Uefa Champions League: 2015/16, 2016/17, 2017/18
Uefa Super Cup: 2016, 2017
Fifa Club World Cup: 2016, 2017

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Fifa Club World Cup:

When: December 6-16
Where: Games to take place at Zayed Sports City in Abu Dhabi and Hazza bin Zayed Stadium in Al Ain
Defending champions: Real Madrid

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War and the virus

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.”

Pearls on a Branch: Oral Tales
​​​​​​​Najlaa Khoury, Archipelago Books