From the global economy and the climate to the cost of living, nothing is doing what it should. Now the entire universe seems to have joined the club.
Like the pace of life on earth, it seems to be speeding up. And no one knows why.
Astronomers have long known that the universe is expanding, propelled by its explosive birth in the Big Bang about 14 billion years ago.
The discovery of the cosmic expansion was a revelation that wrong-footed even Albert Einstein, who in common with everyone else thought the universe was infinite and unchanging.
Then in the late 1990s, a second shock arrived, in the form of evidence that the universe was not merely expanding, but doing so at an ever-increasing rate. This blew apart the view that the fate of our universe was dictated simply by the force of gravity. Another, anti-gravitational, force was needed to explain the accelerating pace of the expansion.
That force has been dubbed Dark Energy, a name as enigmatic as its source. It seems to emerge from the very interstices of space and time, creating a force that has proved even more potent than gravity on cosmic scales for billions of years.
That was a discovery so radical that it prompted the award of Nobel prizes to the astronomers responsible, among them Adam Riess, of Johns Hopkins University, Baltimore.
Now Professor Riess may have uncovered another twist in this mind-boggling tale.
He and a team of a dozen colleagues have now published evidence that there may yet be another influence on the cosmic expansion – one that is causing it to accelerate even faster than Dark Energy can manage.
In findings just submitted to the Astrophysical Journal, the team uses studies of relatively nearby galaxies to deduce that the cosmos is now expanding about 10 per cent faster than expected.
That might not sound a big difference but the observations are precise enough to make mere fluke an unlikely explanation.
Certainly Prof Riess thinks the effect is real. “I think that there is something in the standard cosmological model that we don’t understand,” he told leading research journal Nature. Professor Kevork Abazajian, a cosmologist at the University of California, Irvine, agreed, describing the finding as potentially “transformational”.
Yet astronomers know only too well how the universe has played nasty tricks on those with the temerity to uncover its mysteries.
And none of them is deeper than the nature of forces that drive it.
Isaac Newton glimpsed this when applying his own theory of gravity to the universe. In correspondence with fellow scholar Richard Bentley in 1692, Newton realised that if gravity were the sole force, the universe would be unstable. Just the slightest bit of lumpiness would lead the universe to collapse on itself.
Over two centuries later, Einstein ran into strikingly similar problems. His own theory of gravity, General Relativity, also refused to give a stable, static universe. His response was to fiddle with its equations to extract the “right” answer from them.
When astronomers later discovered the universe wasn’t static, Einstein realised he’d missed out on making his greatest-ever scientific prediction, which he allegedly later viewed as the greatest blunder of his life.
Ironically, the discovery of Dark Energy showed that Einstein’s equations did need a “fiddle-factor” after all, to boost the effect of gravity. But it’s not just theorists who have come unstuck pondering the cosmos.
When astronomers first measured the rate of cosmic expansion, the results implied that the Big Bang occurred 1.8 billion years ago. By the 1950s, it was clear this could not be correct, as radioactive dating methods showed that the Earth was far older still – an obvious absurdity.
For decades afterwards, astronomers tried but failed to get a definitive result for the rate at which the universe is expanding – and thus its age.
The breakthrough finally came in the 1990s, with satellite studies of the heat left over from the Big Bang.
Analysis of its strength and spread allowed astronomers to work out the expansion rate and age of the universe with unprecedented precision.
The current best estimate is that the Big Bang occurred 13.8 billion years, give or take just 20 million years.
Ironically, that astonishing precision is now at the core of the latest cosmic conundrum. That’s because the satellite data is very hard to square with the results found by Riess and his colleagues.
They have measured the expansion rate of the universe in more recent times, using exploding stars in galaxies relatively close to us.
In theory, it’s possible to work out the distances to these so-called Type 1a supernovas by recording how their light fades. Combined with measurements of the speed of their galaxies, the result is an estimate of the cosmic expansion rate.
Riess and his colleagues wanted to boost confidence in this method by cross-checking it with a similar technique using pulsing stars known as Cepheid variables. Like the supernovas, their distance can also be estimated from studies of changes in their brightness.
The good news is that the team succeeded in doubling the number of galaxies whose distances are now known using both methods.
The trouble is, the resulting figure for the cosmic expansion rate is higher than that found by the ultra-precise satellite data – so high, in fact, it’s hard to dismiss as a mere fluke.
As ever, theorists have proved able to supply all kinds of weird and wonderful explanations.
Some suggest Dark Energy – whatever it is - might simply be getting more powerful over time. Others think something called Dark Radiation may be needed to explain the mis-match.
Are we about to see a revolution in our understanding of the universe? Cynics would point out we’ve been here before.
The debacle over the ludicrously short age of the universe was traced back to faulty understanding of Cepheid variables – the very same type of stars now used by Riess and colleagues. While far more is known about them now, there are still concerns about their reliability as a measure of distance.
Riess and his team plan to get to the bottom of the mystery using new data from orbiting observatories.
The smart money is probably on the discrepancy fading away but only a fool would bank on there being no more Nobel prizes in the quest to understanding the cosmos.
Robert Matthews is Visiting Professor of Science at Aston University, Birmingham. His new book “Chancing It: The Laws of Chance and what they mean for you” is out now.
Jeff Buckley: From Hallelujah To The Last Goodbye
By Dave Lory with Jim Irvin
Avatar: Fire and Ash
Director: James Cameron
Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana
Rating: 4.5/5
Company profile
Name: Thndr
Started: October 2020
Founders: Ahmad Hammouda and Seif Amr
Based: Cairo, Egypt
Sector: FinTech
Initial investment: pre-seed of $800,000
Funding stage: series A; $20 million
Investors: Tiger Global, Beco Capital, Prosus Ventures, Y Combinator, Global Ventures, Abdul Latif Jameel, Endure Capital, 4DX Ventures, Plus VC, Rabacap and MSA Capital
MATCH INFO
Manchester United 1 (Greenwood 77')
Everton 1 (Lindelof 36' og)
If you go
The flights
The closest international airport for those travelling from the UAE is Denver, Colorado. British Airways (www.ba.com) flies from the UAE via London from Dh3,700 return, including taxes. From there, transfers can be arranged to the ranch or it’s a seven-hour drive. Alternatively, take an internal flight to the counties of Cody, Casper, or Billings
The stay
Red Reflet offers a series of packages, with prices varying depending on season. All meals and activities are included, with prices starting from US$2,218 (Dh7,150) per person for a minimum stay of three nights, including taxes. For more information, visit red-reflet-ranch.net.
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.”
More on animal trafficking
Desert Warrior
Starring: Anthony Mackie, Aiysha Hart, Ben Kingsley
Director: Rupert Wyatt
Rating: 3/5
The%20specs
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Pots for the Asian Qualifiers
Pot 1: Iran, Japan, South Korea, Australia, Qatar, United Arab Emirates, Saudi Arabia, China
Pot 2: Iraq, Uzbekistan, Syria, Oman, Lebanon, Kyrgyz Republic, Vietnam, Jordan
Pot 3: Palestine, India, Bahrain, Thailand, Tajikistan, North Korea, Chinese Taipei, Philippines
Pot 4: Turkmenistan, Myanmar, Hong Kong, Yemen, Afghanistan, Maldives, Kuwait, Malaysia
Pot 5: Indonesia, Singapore, Nepal, Cambodia, Bangladesh, Mongolia, Guam, Macau/Sri Lanka
COMPANY PROFILE
Name: Lamsa
Founder: Badr Ward
Launched: 2014
Employees: 60
Based: Abu Dhabi
Sector: EdTech
Funding to date: $15 million
ADCC AFC Women’s Champions League Group A fixtures
October 3: v Wuhan Jiangda Women’s FC
October 6: v Hyundai Steel Red Angels Women’s FC
October 9: v Sabah FA
The story in numbers
18
This is how many recognised sects Lebanon is home to, along with about four million citizens
450,000
More than this many Palestinian refugees are registered with UNRWA in Lebanon, with about 45 per cent of them living in the country’s 12 refugee camps
1.5 million
There are just under 1 million Syrian refugees registered with the UN, although the government puts the figure upwards of 1.5m
73
The percentage of stateless people in Lebanon, who are not of Palestinian origin, born to a Lebanese mother, according to a 2012-2013 study by human rights organisation Frontiers Ruwad Association
18,000
The number of marriages recorded between Lebanese women and foreigners between the years 1995 and 2008, according to a 2009 study backed by the UN Development Programme
77,400
The number of people believed to be affected by the current nationality law, according to the 2009 UN study
4,926
This is how many Lebanese-Palestinian households there were in Lebanon in 2016, according to a census by the Lebanese-Palestinian dialogue committee