The US Republican presidential nominee Senator John McCain greets supporters as he arrives at a rally in Belton, Missouri on Oct 20 2008.
The US Republican presidential nominee Senator John McCain greets supporters as he arrives at a rally in Belton, Missouri on Oct 20 2008.

Life at the school that shaped John McCain



Much has been made of John McCain's time at the US Naval Academy and how it shaped his life. We know about his ordeal as a prisoner of war in Vietnam. But when it comes to what experience he says truly formed his character, he says of his high school English teacher, William Ravenel: "His influence in my life was more important and more benevolent than that of any person outside of my family".

He "was simply the best man at the school", Mr McCain told the audience at his alma mater, Episcopal High School, in Alexandria, Virginia, across the river from Washington, this spring. "I discussed all manner of subjects with him from sports to the short stories of Somerset Maugham, from his combat experience to my future ? Every child should be blessed with a teacher like I had," Mr McCain said.

Episcopal was indeed about life-changing teachers. A generation apart, Mr McCain, class of 1954, and I, class of '77, attended the then all-boys boarding school that was, during Mr McCain's years, a somewhat spartan southern version of Holden Caulfield's Pencey Prep in The Catcher in the Rye. Journalist Ken Ringle, also an Episcopal graduate, described the school during the McCain era as "then-bare-bones, near-military boarding school where boys, many from wealthy families in the south, were sent to be taken down a peg from the country club indulgences at home and toughened into manhood with academic rigour, compulsory team sports, and cold fried eggs for breakfast. It was a bizarre kind of boot camp of the mind and soul. We slept in curtained alcoves on sagging pipe-frame bunks in ageing dormitories light years from the preppy privileges of popular myth."

Twenty-three years later, the school was not so lacking in privileges, resembling a small college campus with all the amenities. It had a field house and American football stadium that were the envy of area sports teams. It was, after all, a short ride from the nation's capital, giving students many cultural and educational opportunities they could not have received anywhere else. Not many 16-year-olds get chances to attend Kennedy Center plays and National Symphony concerts on a frequent basis.

But in the 1970s, Episcopal was still a school filled with traditions: coats and ties to meals, mandatory chapel attendance, first-year students called Rats, who had to wake up the upperclassmen for breakfast and hold the doors for them, among other servile duties. As to be expected, Mr McCain hated being a rat, saying he made "his resentment clear in my usual immature ways to upperclassmen and school officials, piling up demerits and earning the distinction at the end of the year of 'worst rat'".

Seniority was given special status. Those in the graduating class during my years enjoyed privileges ranging from internships off campus to pool playing. The school aimed to be the quintessential we-are-all-in-this-together male bonding experience. Episcopal was also much about honour. The code - I will not lie, I will not cheat, I will not steal, I will report the student who does - is ingrained in one's conscience long after graduation day.

For Mr McCain, that sense of honour helped him survive his ordeal as a prisoner of war. "I learned to appreciate [the honour code] when my own honour was challenged by more serious threats than I ever faced in high school," he said during his spring speech. There are many who might scoff at a politician upholding such high ideals, and Mr McCain has had his own ethical controversies. But what is so deeply ingrained in a youth of 15 serves as a guiding light for a lifetime. You might not always follow, but you do know the right way to go.

"If there is any reason for my success in life, it is because of what I learned at The High School, much of it through the honour code," Mr McCain said. "I learned that character is what you are in the dark ? I have been in the dark, not just in prison but also in my public life, and during those times and throughout my life, the principles of the honour code are the compass that I've tried to follow."

As for his English teacher, Mr Ravenel, the Arizona senator told journalist Robert Timberg that "he was the one guy I wanted to see when I got out of prison ? There wasn't anybody I felt I could talk to about it. I just wanted to see Ravenel. I wanted to tell him that I finally understood there in Hanoi what he had been trying to tell me all those years about life and what it means. I wanted to thank him and apologise for being so stupid."

Mr Ravenel died at age 53 when Mr McCain was still a PoW. Now, as the presidential campaign winds down, it is a telling tribute to teachers everywhere that a person who has endured and succeeded as much as Mr McCain has said simply of his high school mentor: "One of the best men I have ever known". rpretorius@thenational.ae

COMPANY PROFILE
Name: HyperSpace
 
Started: 2020
 
Founders: Alexander Heller, Rama Allen and Desi Gonzalez
 
Based: Dubai, UAE
 
Sector: Entertainment 
 
Number of staff: 210 
 
Investment raised: $75 million from investors including Galaxy Interactive, Riyadh Season, Sega Ventures and Apis Venture Partners
COMPANY PROFILE
Name: ARDH Collective
Based: Dubai
Founders: Alhaan Ahmed, Alyina Ahmed and Maximo Tettamanzi
Sector: Sustainability
Total funding: Self funded
Number of employees: 4
COMPANY%20PROFILE%20
%3Cp%3E%3Cstrong%3ECompany%20name%3A%20%3C%2Fstrong%3EAlmouneer%3Cbr%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%202017%3Cbr%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20Dr%20Noha%20Khater%20and%20Rania%20Kadry%3Cbr%3E%3Cstrong%3EBased%3A%20%3C%2Fstrong%3EEgypt%3Cbr%3E%3Cstrong%3ENumber%20of%20staff%3A%20%3C%2Fstrong%3E120%3Cbr%3E%3Cstrong%3EInvestment%3A%20%3C%2Fstrong%3EBootstrapped%2C%20with%20support%20from%20Insead%20and%20Egyptian%20government%2C%20seed%20round%20of%20%3Cbr%3E%243.6%20million%20led%20by%20Global%20Ventures%3Cbr%3E%3C%2Fp%3E%0A
Francesco Totti's bio

Born September 27, 1976

Position Attacking midifelder

Clubs played for (1) - Roma

Total seasons 24

First season 1992/93

Last season 2016/17

Appearances 786

Goals 307

Titles (5) - Serie A 1; Italian Cup 2; Italian Supercup 2

Disclaimer

Director: Alfonso Cuaron 

Stars: Cate Blanchett, Kevin Kline, Lesley Manville 

Rating: 4/5

Results:

Men's wheelchair 800m T34: 1. Walid Ktila (TUN) 1.44.79; 2. Mohammed Al Hammadi (UAE) 1.45.88; 3. Isaac Towers (GBR) 1.46.46.

How to protect yourself when air quality drops

Install an air filter in your home.

Close your windows and turn on the AC.

Shower or bath after being outside.

Wear a face mask.

Stay indoors when conditions are particularly poor.

If driving, turn your engine off when stationary.

Teams

Punjabi Legends Owners: Inzamam-ul-Haq and Intizar-ul-Haq; Key player: Misbah-ul-Haq

Pakhtoons Owners: Habib Khan and Tajuddin Khan; Key player: Shahid Afridi

Maratha Arabians Owners: Sohail Khan, Ali Tumbi, Parvez Khan; Key player: Virender Sehwag

Bangla Tigers Owners: Shirajuddin Alam, Yasin Choudhary, Neelesh Bhatnager, Anis and Rizwan Sajan; Key player: TBC

Colombo Lions Owners: Sri Lanka Cricket; Key player: TBC

Kerala Kings Owners: Hussain Adam Ali and Shafi Ul Mulk; Key player: Eoin Morgan

Venue Sharjah Cricket Stadium

Format 10 overs per side, matches last for 90 minutes

Timeline October 25: Around 120 players to be entered into a draft, to be held in Dubai; December 21: Matches start; December 24: Finals

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.”

Wicked
Director: Jon M Chu
Stars: Cynthia Erivo, Ariana Grande, Jonathan Bailey
Rating: 4/5
UAE currency: the story behind the money in your pockets
Company%20Profile
%3Cp%3E%3Cstrong%3ECompany%20name%3A%20%3C%2Fstrong%3ENamara%0D%3Cbr%3E%3Cstrong%3EStarted%3A%20%3C%2Fstrong%3EJune%202022%0D%3Cbr%3E%3Cstrong%3EFounder%3A%20%3C%2Fstrong%3EMohammed%20Alnamara%0D%3Cbr%3E%3Cstrong%3EBased%3A%20%3C%2Fstrong%3EDubai%20%0D%3Cbr%3E%3Cstrong%3ESector%3A%20%3C%2Fstrong%3EMicrofinance%0D%3Cbr%3E%3Cstrong%3ECurrent%20number%20of%20staff%3A%20%3C%2Fstrong%3E16%0D%3Cbr%3E%3Cstrong%3EInvestment%20stage%3A%20%3C%2Fstrong%3ESeries%20A%0D%3Cbr%3E%3Cstrong%3EInvestors%3A%20%3C%2Fstrong%3EFamily%20offices%0D%3Cbr%3E%3C%2Fp%3E%0A