<p>Philadelphia 76ers centre Joel Embiid (21) hugs recording artist Meek Mill&nbsp;Bill Streicher-USA TODAY Sports</p>
<p>Philadelphia 76ers centre Joel Embiid (21) hugs recording artist Meek Mill&nbsp;Bill Streicher-USA TODAY Sports</p>

Rapper Meek Mill freed after uproar over harsh term



Rapper Meek Mill won freedom from prison on Tuesday after an unusually harsh sentence triggered protests that pointed to racial biases in US probation laws.

The 30-year-old Philadelphia rapper, who was jailed in November over a case from his teenage years, was ordered out on bail by Pennsylvania's Supreme Court.

As he walked at least temporarily free, Mill thanked supporters who campaigned for him as well as the Philadelphia district attorney's office that sided with him.

"I understand that many people of colour across the country don't have that luxury and I plan to use my platform to shine a light on those issues," Mill wrote on Twitter.

"In the meantime, I plan to work closely with my legal team to overturn this unwarranted conviction and look forward to reuniting with my family and resuming my music career," said Mill, whose last album Wins and Losses reached number three on the US chart.

Mill, raised by a single mother after his father was killed, was thrown into jail over his arrest on drug and gun possession charges in 2008, well before the rapper born as Robert Rihmeek Williams achieved stardom.

At what had looked like a routine hearing, Philadelphia judge Genece Brinkley handed Mill a term of between two and four years for violating terms of parole, including scheduling shows that conflicted with the court schedule and entering a publicized scuffle in St. Louis.

Ordering Mill out on bail, the state's Supreme Court cited "credibility issues" over a police officer who was a witness.

Mill has said he was badly beaten during the 2008 arrest and placed a bloody mugshot of himself as the cover of his "DC4" mixtape.

The Supreme Court did not throw out the case but asked the local court to reach a resolution within 60 days. It also did not remove Brinkley but noted she "may opt to remove herself from presiding over this matter."

In addition to street rallies, Mill enjoyed the support of celebrities including hip-hop mogul Jay-Z, whose Roc Nation management signed Mill.

In an op-ed last year for The New York Times, Jay-Z said that Mill's case was "just one example of how our criminal justice system entraps and harasses hundreds of thousands of black people every day."

Probation, which dates from English common law, was initially seen as a compassionate way for courts to grant freedom to people who pose little risk.

But a survey by The Marshall Project, a non-profit news organisation that covers the US judicial system, found that at least 61,250 people - and probably far more -- are in prison across the United States for minor parole violations like missing appointments, failing drug tests or staying out past curfew.

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Coal Black Mornings

Brett Anderson

Little Brown Book Group 

The rules on fostering in the UAE

A foster couple or family must:

  • be Muslim, Emirati and be residing in the UAE
  • not be younger than 25 years old
  • not have been convicted of offences or crimes involving moral turpitude
  • be free of infectious diseases or psychological and mental disorders
  • have the ability to support its members and the foster child financially
  • undertake to treat and raise the child in a proper manner and take care of his or her health and well-being
  • A single, divorced or widowed Muslim Emirati female, residing in the UAE may apply to foster a child if she is at least 30 years old and able to support the child financially

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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Teaching your child to save

Pre-school (three - five years)

You can’t yet talk about investing or borrowing, but introduce a “classic” money bank and start putting gifts and allowances away. When the child wants a specific toy, have them save for it and help them track their progress.

Early childhood (six - eight years)

Replace the money bank with three jars labelled ‘saving’, ‘spending’ and ‘sharing’. Have the child divide their allowance into the three jars each week and explain their choices in splitting their pocket money. A guide could be 25 per cent saving, 50 per cent spending, 25 per cent for charity and gift-giving.

Middle childhood (nine - 11 years)

Open a bank savings account and help your child establish a budget and set a savings goal. Introduce the notion of ‘paying yourself first’ by putting away savings as soon as your allowance is paid.

Young teens (12 - 14 years)

Change your child’s allowance from weekly to monthly and help them pinpoint long-range goals such as a trip, so they can start longer-term saving and find new ways to increase their saving.

Teenage (15 - 18 years)

Discuss mutual expectations about university costs and identify what they can help fund and set goals. Don’t pay for everything, so they can experience the pride of contributing.

Young adulthood (19 - 22 years)

Discuss post-graduation plans and future life goals, quantify expenses such as first apartment, work wardrobe, holidays and help them continue to save towards these goals.

* JP Morgan Private Bank 

The specs

Engine: four-litre V6 and 3.5-litre V6 twin-turbo

Transmission: six-speed and 10-speed

Power: 271 and 409 horsepower

Torque: 385 and 650Nm

Price: from Dh229,900 to Dh355,000

Key facilities
  • Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
  • Premier League-standard football pitch
  • 400m Olympic running track
  • NBA-spec basketball court with auditorium
  • 600-seat auditorium
  • Spaces for historical and cultural exploration
  • An elevated football field that doubles as a helipad
  • Specialist robotics and science laboratories
  • AR and VR-enabled learning centres
  • Disruption Lab and Research Centre for developing entrepreneurial skills