MEXICO CITY // More than 100,000 frustrated Mexicans, many carrying pictures of kidnapped loved ones, marched across the country yesterday to demand government action against a relentless tide of killings, abductions and shootouts.
The mass candlelight protests were a challenge to the government of President Felipe Calderon, who has made fighting crime a priority and deployed more than 25,000 soldiers and federal police to wrest territory from powerful drug cartels.
Cries of "enough" and "long live Mexico" rose up from sea of white-clad demonstrators filling Mexico City's enormous Zocalo square.
The protesters held candles twinkling in the darkness as they sang the national anthem before dispersing.
"We can no longer live, we can't be safe anywhere," said Enrique Contreras, a 42-year-old salesman who said he has been robbed several times, most recently last week.
"I hope those in government do their jobs. Otherwise, they should resign."
City officials refused to give a crowd estimate, but the Zocalo can hold nearly 100,000 people.
Tens of thousands overflowed into the surrounding streets, unable to squeeze into the square. Thousands more protested in cities across the country.
In the capital, Romana Quintera, 72, wore a T-shirt with a photograph of her baby grandson who was kidnapped for ransom five years ago when gunmen burst into her home and killed her niece.
Two people imprisoned for the attack have refused to reveal the boy's fate, and Ms Quintera said investigators have given up on the case.
"We're desperate," she said, holding back tears. "We ask authorities with all our heart to be more sensitive. Maybe nothing like this has happened to them, or they would be more sensitive."
Despite the arrest of several drug kingpins, little has improved the ground since the Calderon government began its crackdown.
Homicides have surged as drug cartels battle each other for control of trafficking routes and stage vicious attacks against police nearly each day. In the gang-plagued border state of Chihuahua alone, there have been more than 800 killings this year, double the number during the same period last year.
This week, a dozen headless bodies were found in the Yucatan Peninsula, home to Mexico's most popular beach resort, Cancun.
While impoverished Mexicans stage almost daily strikes and protests, yesterday's marches brought out thousands of middle-class citizens who are often the targets of kidnappings.
The protest was inspired by the abduction and murder of the 14-year-old son of a wealthy businessman - a case that provoked an outcry when prosecutors said a police detective was a key participant in the abduction for ransom.
The boy's father, Alejandro Marti, called on top government officials to quit if they could not stem the crime wave. His challenge became a rally cry at the march, where many held up signs with his words: "If you can't, resign."
The first to arrive for the Mexico City protest was the family of 24-year-old Monica Alejandrina Ramirez, who was kidnapped on in 2004 and has not been heard from since.
Hours before the march began, the family stood silently beneath the independence monument, holding up large banners with her picture. Some colleagues of her mother, a circus performer, walked on stilts and wore clown wigs to help draw attention.
"The most frustrating thing has been the indolence of many of the authorities, their insensitivity," said her father, Manuel Ramirez Juarez, a family doctor.
"I have often asked myself, why? Why me? Why my daughter?"
Having staked his presidency on improving security, Mr Calderon responded to the rising anger by summoning governors and mayors to a national security meeting, drawing up a 74-point anti-crime plan.
It included plans for better police recruiting and oversight systems, as well as an anti-kidnapping strategy within six months.
The Defence Department promised to equip police with more powerful automatic weapons. Mr Calderon has urged patience, warning that rooting out drug gangs and bringing security to the streets would not happen by decree. Neither will cleaning up and bolstering Mexico's police.
In some northern towns, officers complain of having to share guns, and many have quit in terror after seeing colleagues killed in front of their homes.
More than half of Mexico's state and municipal police officers have only a primary education, making it difficult for them to aspire to the highest ranks and salaries.
Many are tempted to join the payrolls of criminal gangs.
"When you go out, you go with fear - are you going to make it home or not?" said Almicar Polanco, 42, marching with about 2,000 others in the border city of Tijuana, across from San Diego.
He clutched a flyer with a faded picture of his father-in-law, kidnapped two years earlier and missing ever since.
* AP
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.”
The specs
Engine: 3.0-litre six-cylinder turbo
Power: 398hp from 5,250rpm
Torque: 580Nm at 1,900-4,800rpm
Transmission: Eight-speed auto
Fuel economy, combined: 6.5L/100km
On sale: December
Price: From Dh330,000 (estimate)
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Director: Basel Adra, Yuval Abraham, Rachel Szor, Hamdan Ballal
Stars: Basel Adra, Yuval Abraham
Rating: 3.5/5
The specs
Engine: 2.0-litre 4-cylturbo
Transmission: seven-speed DSG automatic
Power: 242bhp
Torque: 370Nm
Price: Dh136,814
The biog
Name: Salem Alkarbi
Age: 32
Favourite Al Wasl player: Alexandre Oliveira
First started supporting Al Wasl: 7
Biggest rival: Al Nasr
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The National's picks
4.35pm: Tilal Al Khalediah
5.10pm: Continous
5.45pm: Raging Torrent
6.20pm: West Acre
7pm: Flood Zone
7.40pm: Straight No Chaser
8.15pm: Romantic Warrior
8.50pm: Calandogan
9.30pm: Forever Young
Managing the separation process
- Choose your nursery carefully in the first place
- Relax – and hopefully your child will follow suit
- Inform the staff in advance of your child’s likes and dislikes.
- If you need some extra time to talk to the teachers, make an appointment a few days in advance, rather than attempting to chat on your child’s first day
- The longer you stay, the more upset your child will become. As difficult as it is, walk away. Say a proper goodbye and reassure your child that you will be back
- Be patient. Your child might love it one day and hate it the next
- Stick at it. Don’t give up after the first day or week. It takes time for children to settle into a new routine.And, finally, don’t feel guilty.