Florida Governor Ron DeSantis's administration has blocked a new Advanced Placement course on African-American studies from being taught in high schools. AP
Florida Governor Ron DeSantis's administration has blocked a new Advanced Placement course on African-American studies from being taught in high schools. AP
Florida Governor Ron DeSantis's administration has blocked a new Advanced Placement course on African-American studies from being taught in high schools. AP
Florida Governor Ron DeSantis's administration has blocked a new Advanced Placement course on African-American studies from being taught in high schools. AP

Florida blocks high school African-American studies class from being taught


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The US state of Florida has blocked a college-level high school course on African-American studies from being taught, claiming that it is historically inaccurate and violates state law.

The state education department rejected the new Advanced Placement programme in a letter last week to the College Board, which oversees AP classes.

Florida education officials did not specify exactly what content the state found objectionable but said: “As presented, the content of this course is inexplicably contrary to Florida law and significantly lacks educational value.

“In the future, should College Board be willing to come back to the table with lawful, historically accurate content, [the education department] will always be willing to reopen the discussion.”

In a statement, the College Board responded: “Like all new AP courses, AP African-American Studies is undergoing a rigorous, multiyear pilot phase, collecting feedback from teachers, students, scholars and policymakers.

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“The process of piloting and revising course frameworks is a standard part of any new AP course, and frameworks often change significantly as a result.”

The College Board website describes the course as interdisciplinary, touching on literature, arts, humanities, political science, geography and science. The pilot programme is making its debut at 60 schools across the country before it expands to additional schools.

Governor Ron DeSantis, a potential 2024 Republican presidential candidate, has opposed what he calls liberal ideologies in schools, including lessons around critical race theory, which examines systemic racism and has become a frequent target of conservatives.

Last year, he signed legislation called the Stop WOKE Act that restricts certain race-based conversations and analysis in schools and businesses.

The law bars instruction that says members of one race are inherently racist or should feel guilt for past actions committed by others of the same race, among other things.

More recently, the governor’s budget office called on state colleges to submit spending information on programmes related to diversity, equity and inclusion as well as critical race theory, raising concerns of potential funding cuts around such initiatives.

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.”

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

The specs: 2018 Jeep Grand Cherokee Trackhawk


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Engine: Supercharged 6.2-litre V8
Gearbox: Eight-speed automatic
Power: 707hp @ 6,000rpm
Torque: 875Nm @ 4,800rpm
Fuel economy, combined: 16.8L / 100km (estimate)

Company%20profile
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Innotech Profile

Date started: 2013

Founder/CEO: Othman Al Mandhari

Based: Muscat, Oman

Sector: Additive manufacturing, 3D printing technologies

Size: 15 full-time employees

Stage: Seed stage and seeking Series A round of financing 

Investors: Oman Technology Fund from 2017 to 2019, exited through an agreement with a new investor to secure new funding that it under negotiation right now. 

What can you do?

Document everything immediately; including dates, times, locations and witnesses

Seek professional advice from a legal expert

You can report an incident to HR or an immediate supervisor

You can use the Ministry of Human Resources and Emiratisation’s dedicated hotline

In criminal cases, you can contact the police for additional support

COMPANY PROFILE

Name: Lamsa

Founder: Badr Ward

Launched: 2014

Employees: 60

Based: Abu Dhabi

Sector: EdTech

Funding to date: $15 million

Updated: January 19, 2023, 10:16 PM