Those who believe the story of Finn McCool may feel a sense of vindication after a geologist in Northern Ireland suggested a new theory on the origins of the Giant's Causeway, one of the country's most popular tourist attractions and a Unesco World Heritage Site.
Legend has it that the giant laid the stones to create a walkway to Scotland after being challenged to a fight by a rival. Others prefer to rely on more scientific theories.
The origin of the striking stones, which have attracted visitors from around the world, has fascinated people for centuries.
Dr Mike Simms, senior curator of natural sciences at National Museums NI, has now put forward the first new interpretation since 1940.
He suggests the formation event may have taken only a few days rather than thousands of years. So a perfectly ordinary task for a giant.
Dr Simms considered why the extraordinary geological features are only found at sea level.
To mark Unesco’s International Geodiversity Day on October 6, he has explained why he believes they were formed in a matter of days.
The scientific explanation, widely accepted for decades, is that a river valley was filled with lava that ponded to a greater depth than normal.
As the thick layer of lava cooled and solidified it formed regular columns.
But Dr Simms said that, if this lava-filled hollow was a valley, it would have cut through old layers of lava beneath.
He has identified layers of old lava on the shore either side of the Giant’s Causeway sloping inward, where older layers have not eroded away.
“An analogy I find helpful when explaining this involves cake. Eroding a river valley is rather like cutting through a layer of cake to reveal layers beneath the surface," Dr Simms said.
“In my interpretation, what we actually see are layers of older rock sloping towards the Causeway – more like a badly baked cake that has sunk in the middle.
“I believe the ground subsided as lava moved up and erupted at the surface.
“The lava filled the depression creating the conditions for the columns to form. This event likely took just a few days rather than the many thousands of years that would be needed for erosion to create a river valley.”
He said he first began thinking about the theory when he led a trip to the site in 2012.
“I owe a particular debt of gratitude to another geologist, a young Brazilian man who was on a field trip I was leading in 2012,” he said.
“He questioned how long it would take to erode the supposed river valley, and it was this that opened my eyes to the evidence before me.
“I had visited the Giant’s Causeway many times before, and until that moment I had just accepted the previous theory.
“It goes to show that even at world famous landmarks such as this, new discoveries can be made from a simple observation.”
The Giant’s Causeway is Northern Ireland’s only Unesco World Heritage Site and is operated by the National Trust, which has acknowledged Dr Simms’s theory.
Max Bryant, general manager at Giant’s Causeway and Carrick-a-Rede, said there could always be new possibilities and perspectives on how the site was formed.
“It highlights just how marvellous, magnificent and mysterious a geological formation we have here in Northern Ireland to share with the world,” he said.
Kathryn Thomson, chief executive of National Museums NI, said she was proud to support Dr Simms’s theory.
“I think it’s wonderful he has showcased the expertise of our team and how important museums are,” she said.
“Yes, we provide spaces for people to explore and learn, but our teams also make meaningful contributions elsewhere.
“As a knowledge-based organisation, our staff are uniquely placed to present research and ideas.
“By using our vast natural science collections, for instance, we can support new discoveries and promote responsible and ethical action when it comes to our natural world.”
Match info:
Portugal 1
Ronaldo (4')
Morocco 0
Grand slam winners since July 2003
Who has won major titles since Wimbledon 2003 when Roger Federer won his first grand slam
Roger Federer 19 (8 Wimbledon, 5 Australian Open, 5 US Open, 1 French Open)
Rafael Nadal 16 (10 French Open, 3 US Open, 2 Wimbledon, 1 Australian Open)
Novak Djokovic 12 (6 Australian Open, 3 Wimbledon, 2 US Open, 1 French Open)
Andy Murray 3 (2 Wimbledon, 1 US Open)
Stan Wawrinka 3 (1 Australian Open, 1 French Open, 1 US Open)
Andy Roddick 1 (1 US Open)
Gaston Gaudio 1 (1 French Open)
Marat Safin 1 (1 Australian Open)
Juan Martin del Potro 1 (1 US Open)
Marin Cilic 1 (1 US Open)
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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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Who: Al Ain v Team Wellington
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Gender equality in the workplace still 200 years away
It will take centuries to achieve gender parity in workplaces around the globe, according to a December report from the World Economic Forum.
The WEF study said there had been some improvements in wage equality in 2018 compared to 2017, when the global gender gap widened for the first time in a decade.
But it warned that these were offset by declining representation of women in politics, coupled with greater inequality in their access to health and education.
At current rates, the global gender gap across a range of areas will not close for another 108 years, while it is expected to take 202 years to close the workplace gap, WEF found.
The Geneva-based organisation's annual report tracked disparities between the sexes in 149 countries across four areas: education, health, economic opportunity and political empowerment.
After years of advances in education, health and political representation, women registered setbacks in all three areas this year, WEF said.
Only in the area of economic opportunity did the gender gap narrow somewhat, although there is not much to celebrate, with the global wage gap narrowing to nearly 51 per cent.
And the number of women in leadership roles has risen to 34 per cent globally, WEF said.
At the same time, the report showed there are now proportionately fewer women than men participating in the workforce, suggesting that automation is having a disproportionate impact on jobs traditionally performed by women.
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International Invitational: Speranza 22
International Vets: Joining Jack
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Napoleon
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