A new one man show opens on Broadway this week. Long Story Short is the kind of comic ramble - a history of the world in 75 minutes - that one might happen across at the Edinburgh Festival, and it stars Colin Quinn, with whom only the most dedicated Saturday Night Live viewers will be familiar. So, why is it one of the most intriguing Broadway shows for some time? Because a quick glance down the production notes reveals the starry name of a debut director, one Jerry Seinfeld.
Long Story Short is the latest in a long line of eclectic endeavours from Seinfeld since his spectacularly successful eponymous sitcom ended 12 years ago. But going back to his stand-up comedy roots, writing a children's book and making guest appearances in the likes of Curb Your Enthusiasm and 30 Rock, have prompted snide comments that perhaps his career is not on the most upward of curves.
The sniping reached its peak with a reality television show earlier this year of which he was the executive producer. In The Marriage Ref, celebrities watched the real-life arguments of fighting couples and voted on whom they thought in the right. It was widely panned - The Huffington Post asked: "How could a man as funny as Seinfeld produce such a remarkably unfunny show?" But most grievous of all, anyone who has somehow missed the joys of the Seinfeld television show could easily glance at a photograph of this 56 year-old New Yorker and remark that he was "that guy in the Windows Vista advertisements".
But how do you follow one of the most successful television series ever? The answer is you don't always have to. Earlier this year, the chairman of Warner Brothers Entertainment, which owns the rights to Seinfeld, disclosed that the series had made a staggering $2.7 billion (Dh9.9bn) in repeat fees since 1998. One would imagine that Seinfeld - as co-creator of the show - enjoys a percentage of that. Certainly, the children's book won't be funding his obsession with Porsche sports cars (more than 40 at the last count).
But financial success and a garage full of cars will never be enough for actors who have basked in critical glory and fame for so long. The fluctuating fortunes since 1998 of the rest of the Seinfeld cast - Julia Louis-Dreyfus, Jason Alexander and Michael Richards have all attempted to transfer their success to new sitcoms, failing, on the whole, abysmally - led to the idea of "the Seinfeld curse".
The notion of such a "curse" has extended to other popular American shows. The male cast of Friends have never quite escaped the shadow of the show that made them global stars. Matt Le Blanc's spin-off, Joey, was such a disaster that he's only just tentatively dipping his toes into television again. Matthew Perry has hardly set the world alight, and David Schwimmer has retreated, in the main, to the stage.
Meanwhile, the star of Frasier is also struggling. Kelsey Grammer had his sitcom Hank cancelled mid-season earlier this year, admitting "it just wasn't very funny". There's a picture developing here of the sitcom actor or actress who finds life after a big hit very difficult to deal with. And that's because comedy typecasts actors like no other genre - it would be almost impossible to take, for example, Ricky Gervais' gurning face seriously in a meaty drama. But if you shoot to fame on, say, a medical drama, a whole spectrum of work awaits. When George Clooney was ER's heart-throb, it was simply the launching pad to a varied and stratospheric career.
It's doubly difficult for Seinfeld, of course. In the sitcom he actually played a fictionalised version of himself. How on earth, then, is he supposed to escape the image of a man who likes Superman and breakfast cereal? Nor has he entirely helped himself in that regard: another of his advertisements, this time for American Express, was called The Adventures of Seinfeld and Superman.
Still, he has his cars - and his widely appreciated stand-up. And for all we know, these supposedly "cursed" actors might actually be rather happy. Schwimmer, certainly, seems to be enjoying acting on Broadway and directing films like Run Fatboy Run. Seinfeld's new show was widely derided, but The Marriage Ref has still been recommissioned for a second series. And while he might not be hitting the heights of 10 or more years ago, consider this: would we still be interested in yet another new series of Seinfeld? Almost certainly not.
COMPANY PROFILE
Name: Kumulus Water
Started: 2021
Founders: Iheb Triki and Mohamed Ali Abid
Based: Tunisia
Sector: Water technology
Number of staff: 22
Investment raised: $4 million
Learn more about Qasr Al Hosn
In 2013, The National's History Project went beyond the walls to see what life was like living in Abu Dhabi's fabled fort:
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The specs: 2019 Cadillac XT4
Price, base: Dh145,000
Engine: 2.0-litre turbocharged in-line four-cylinder engine
Transmission: Nine-speed automatic
Power: 237hp @ 5,000rpm
Torque: 350Nm @ 1,500rpm
Fuel economy, combined: 8.7L / 100km
De De Pyaar De
Produced: Luv Films, YRF Films
Directed: Akiv Ali
Cast: Ajay Devgn, Tabu, Rakul Preet Singh, Jimmy Sheirgill, Jaaved Jaffrey
Rating: 3.5/5 stars
THE SPECS
Engine: Four-cylinder 2.5-litre
Transmission: Seven-speed auto
Power: 165hp
Torque: 241Nm
Price: Dh99,900 to Dh134,000
On sale: now
THE BIO
Favourite book: ‘Purpose Driven Life’ by Rick Warren
Favourite travel destination: Switzerland
Hobbies: Travelling and following motivational speeches and speakers
Favourite place in UAE: Dubai Museum
COMPANY%20PROFILE
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The%20specs
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Zakat definitions
Zakat: an Arabic word meaning ‘to cleanse’ or ‘purification’.
Nisab: the minimum amount that a Muslim must have before being obliged to pay zakat. Traditionally, the nisab threshold was 87.48 grams of gold, or 612.36 grams of silver. The monetary value of the nisab therefore varies by current prices and currencies.
Zakat Al Mal: the ‘cleansing’ of wealth, as one of the five pillars of Islam; a spiritual duty for all Muslims meeting the ‘nisab’ wealth criteria in a lunar year, to pay 2.5 per cent of their wealth in alms to the deserving and needy.
Zakat Al Fitr: a donation to charity given during Ramadan, before Eid Al Fitr, in the form of food. Every adult Muslim who possesses food in excess of the needs of themselves and their family must pay two qadahs (an old measure just over 2 kilograms) of flour, wheat, barley or rice from each person in a household, as a minimum.
THE SPECS
Engine: 6.75-litre twin-turbocharged V12 petrol engine
Power: 420kW
Torque: 780Nm
Transmission: 8-speed automatic
Price: From Dh1,350,000
On sale: Available for preorder now
Studying addiction
This month, Dubai Medical College launched the Middle East’s first master's programme in addiction science.
Together with the Erada Centre for Treatment and Rehabilitation, the college offers a two-year master’s course as well as a one-year diploma in the same subject.
The move was announced earlier this year and is part of a new drive to combat drug abuse and increase the region’s capacity for treating drug addiction.
PRESIDENTS CUP
Draw for Presidents Cup fourball matches on Thursday (Internationals first mention). All times UAE:
02.32am (Thursday): Marc Leishman/Joaquin Niemann v Tiger Woods/Justin Thomas
02.47am (Thursday): Adam Hadwin/Im Sung-jae v Xander Schauffele/Patrick Cantlay
03.02am (Thursday): Adam Scott/An Byeong-hun v Bryson DeChambeau/Tony Finau
03.17am (Thursday): Hideki Matsuyama/CT Pan v Webb Simpson/Patrick Reed
03.32am (Thursday): Abraham Ancer/Louis Oosthuizen v Dustin Johnson/Gary Woodland
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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.”
Recipe: Spirulina Coconut Brothie
Ingredients
1 tbsp Spirulina powder
1 banana
1 cup unsweetened coconut milk (full fat preferable)
1 tbsp fresh turmeric or turmeric powder
½ cup fresh spinach leaves
½ cup vegan broth
2 crushed ice cubes (optional)
Method
Blend all the ingredients together on high in a high-speed blender until smooth and creamy.
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