A man who calls himself 'Peatonito' and dresses as a wrestler, pushes a car as he performs his routine in the streets of Mexico City on April 21, 2015. Peatonito is a character who resembles a superhero trying to raise drivers' awareness so thay they respect crosswalks on the streets of Mexico City.  Yuri Cortez/AFP Photo
A man who calls himself 'Peatonito' and dresses as a wrestler, pushes a car as he performs his routine in the streets of Mexico City on April 21, 2015. Peatonito is a character who resembles a superheShow more

Masked hero making Mexico’s streets safe for pedestrians



MEXICO CITY // On the mean and traffic-choked streets of Mexico City, a fearless superhero is fighting to protect the planet from the worst the internal combustion engine can throw at it.

The mighty Peatonito (Little Pedestrian) pushes cars blocking the path of pedestrians, creates crosswalks with spray paint, and climbs on vehicles parked on sidewalks — though his mother has begged him to stop stepping on them.

“Pedestrians are happy because they finally have a defender,” Peatonito said, his face covered by a wrestling mask adorned with a pedestrian symbol and wearing a striped cape (sewed by his grandma) adorned with the black and white stripes of a pedestrian crossing.

“We live in a car dictatorship. Nobody had fought for pedestrian rights until some activists emerged a few years ago.”

Meanwhile, below the city streets five clowns are on a similar mission to send up urban incivility, barging into a metro carriage making monkey noises and holding a sign saying “It’s better without pushing.”

Peatonito and the clowns from the civic association the Claustrofobos (Claustrophobes) are among a wave of activists fighting uncivil behaviour and bad urban planning in this metropolis of 21 million people, four million cars and five million daily metro commuters.

In 2013, around 30 groups from across the country formed The Pedestrian League, which published a “Mexican Charter for Pedestrian Rights” and lobbies against public policies that favour cars.

Some groups post pictures on social media to shame drivers illegally parked on sidewalks or in handicapped spots. With buckets of paint, they create crosswalks or trace sidewalks.

But humour is the weapon used by Peatonito and Claustrofobos.

They face a city where drivers only need an ID and 704 pesos ($46) to get a license and joke that red lights are a “suggestion”. Underground, moody metro riders battle to enter and exit trains like rugby players in a scrum.

Six philosophy graduates founded the group “Ponte la del Metro” to restore metro etiquette in 2010, and later created Claustrofobos.

“We think that giving information through art and culture makes information more fun,” said co-founder Aldo Giordano, 27, who works at a film-production company.

This year, the city gave them one million pesos ($65,000) to fund the clown troupe, conduct research and make a short film.

As the clowns entered one of the orange metro trains, some riders stared blankly at their phones, but many smiled and took pictures, happy to see something other than illegal sellers of CDs or other contraband.

A curly-haired clown moaned and pretended to faint while holding a “baby” (her purse) wrapped in a purple scarf, mocking the unwillingness of younger commuters to give up their seats.

“There are no gentlemen like before. Now they act like they’re half asleep to avoid giving up their seats to women or the elderly,” said Susana Hernandez, a 53-year-old housewife whose frown turned into a smile during the brief show.

The performances can have an immediate effect. At escalators, they convince people standing still on the left side to move to the right and let others pass.

The clowns also bring smiles at ticket booths, where sellers and customers are often rude to each other.

“We’re trying to break a vicious circle,” said Julio Cesar Ortega, the 27-year-old artistic director of the Clownoscopio troupe, which works with Claustrofobos, after dabbing white make up on his face with a red dot on his nose.

But changing attitudes will take longer than the daily commute.

“Many people congratulate us but also tell us that nothing will change,” Mr Giordano said. “I think we are planting the seeds, and another generation will obtain this change.”

Claustrofobos and Peatonito both say they were partly inspired by former Bogota mayor Antanas Mockus, who deployed mimes to mock traffic violators.

Peatonito aims to reduce traffic deaths in a city where pedestrians account for more than half of around 1,000 annual road fatalities, according to health ministry statistics.

On a recent weekday morning, Peatonito policed a side road of the capital’s iconic and congested Reforma boulevard.

“We need you,” said a driver who sheepishly reversed after Peatonito pushed his car back with both hands on the hood, both laughing as they waved goodbye.

Peatonito’s real identity is Jorge Canez, who works in non-governmental urban policy group. But twice a week, he puts on a black mask with a green pedestrian symbol.

He even has a business card. People contact him on Facebook and Twitter, asking for help to improve their streets. He spray paints circles around holes on the pavement and sends pictures to city officials.

In a country where wrestlers are national heroes, he got the idea two years ago after watching a lucha libre (Mexican wrestling) event.

“You have to be creative for people to be entertained and want to help you in this pedestrian revolution,” Peatonito said.

With his newfound fame, he gets invitations to urban planning events abroad.

“I’ll keep doing this until nobody is run over,” Peatonito said, as he removes his mask and cape and turns to walk away, blending in with ordinary Mexicans walking to work.

* Agence France-Presse

Paatal Lok season two

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Rating: 4.5/5

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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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Name: Almnssa
Started: August 2020
Founder: Areej Selmi
Based: Gaza
Sectors: Internet, e-commerce
Investments: Grants/private funding
Dubai Bling season three

Cast: Loujain Adada, Zeina Khoury, Farhana Bodi, Ebraheem Al Samadi, Mona Kattan, and couples Safa & Fahad Siddiqui and DJ Bliss & Danya Mohammed 

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The Book of Collateral Damage

Sinan Antoon

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Winner Tailor’s Row, Royston Ffrench, Salem bin Ghadayer

3.30pm Handicap (TB) Dh76,000 (D) 1,400m

Winner Alla Mahlak, Adrie de Vries, Rashed Bouresly

4pm Maiden (TB) Dh60,000 (D) 1,200m

Winner Hurry Up, Royston Ffrench, Salem bin Ghadayer

4.30pm Handicap (TB) Dh68,000 (D) 1,200m

The specs

AT4 Ultimate, as tested

Engine: 6.2-litre V8

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Transmission: 10-speed automatic

Price: From Dh330,800 (Elevation: Dh236,400; AT4: Dh286,800; Denali: Dh345,800)

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PREMIER LEAGUE FIXTURES

Saturday (UAE kick-off times)

Watford v Leicester City (3.30pm)

Brighton v Arsenal (6pm)

West Ham v Wolves (8.30pm)

Bournemouth v Crystal Palace (10.45pm)

Sunday

Newcastle United v Sheffield United (5pm)

Aston Villa v Chelsea (7.15pm)

Everton v Liverpool (10pm)

Monday

Manchester City v Burnley (11pm)