In this combination photograph, actress Tina Fey (L) portrays Republican vice-presidential nominee Alaska Governor Sarah Palin in an episode of NBC's "Saturday Night Live", and the real Governor Palin is shown waving to supporters as she arrives at the airport of Allentown, Pennsylvania in an October 8, 2008 file photo.
In this combination photograph, actress Tina Fey (L) portrays Republican vice-presidential nominee Alaska Governor Sarah Palin in an episode of NBC's "Saturday Night Live", and the real Governor PalinShow more

Palin smiles as Saturday Night Live mocks her anew



COLUMBUS // After watching "Saturday Night Live" make fun of her from afar, Sarah Palin witnessed it first hand this week as Tina Fey engaged in fiction by depicting her at the news conference the Republican vice presidential nominee has yet to hold. Later, Ms Palin came on stage during the Weekend Update mock news segment and watched cast member Amy Poehler do a rap song the Alaska governor had decided might not be good for her to perform personally. "My country 'tis of thee, from my porch I can see Russia and such, Ms Poehler rapped as Ms Palin bobbed her head rhythmically and actors dressed as Eskimos, her husband Todd, and a moose pranced across the stage.

In the show's opening, Ms Fey's impersonation of Palin told a group of reporters, "First off, I just want to say how excited I am to be in front of both the liberal elite media as well as the liberal regular media. I am looking forward to a portion of your questions." Asked to assess how her running mate, John McCain, did in his debate with Democrat Barack Obama last week, Ms Fey as "Palin" replied, "I just thought he was great. Because the American people are angry - and John McCain is angry, too." By contrast, Mr Obama was smooth. "When he's talking, it's like an angel whispering in your ear. He makes John McCain sound like a garbage truck," replied Ms Fey. Moments later, the camera cut away to the real Palin watching a television monitor alongside the show's executive producer, Lorne Michaels. "You know, Lorne, I just don't think it's a realistic depiction of the way my press conferences would have gone," Ms Palin said. She said she wished he would have let her do a sketch about "30 Rock," the NBC program in which Ms Fey now stars. That prompted Mr Michaels to deadpan: "Honestly not enough people know that show." Ms Palin then stood mute as Ms Fey's "30 Rock" co-star, Alec Baldwin came into view, mistook Ms Palin for Ms Fey and pleaded with Mr Michaels not to let the actor go onstage with the governor. "This is the most important election in our nation's history and you want her, our Tina, to go out there and stand with that horrible woman?" Mr Baldwin said. When Mr Michaels broke down and introduced him to Ms Palin, Mr Baldwin feigned embarrassment and replied, "I see. Forgive me. I feel I must say this: You are way hotter in person." Ms Palin, who had also helped Mr Baldwin when he stumbled over her nickname "Caribou Barbie," got even by saying, "Thank you, and I must say, your brother Stephen is my favorite Baldwin brother." The camera soon cut back to Ms Fey, who answered a question about the polls. "I don't worry about the polls. Polls are just a fancy way of systematically predicting what's going to happen. The only poll I care about is the North Pole, and that ... is ... melting. It's not great." The real Ms Palin then walked onto the news conference set, sending Ms Fey fleeing. "Thank you, thank you," the governor said to applause from the studio audience. "No, I'm not going to take any of your questions, but I do wanted to take this opportunity to say, `Live from New York, it's Saturday Night."' The appearance was anticipated since September, when Ms Fey began portraying Ms Palin just after Mr McCain selected the little-known governor as his running mate. The two look alike, and Ms Palin remarked that people often told her - before Ms Fey started portraying her - that she resembled the actor. It was not immediately clear if Mr McCain, overnighting in Ohio, watched the show, but earlier in the day he told a crowd in Woodbridge, Virginia, that he thought Ms Fey and Ms Palin were "separated at birth." Speaking of his running mate, he added, "I know she'll do a great job."

*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.”

Company%20Profile
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Company name: baraka
Started: July 2020
Founders: Feras Jalbout and Kunal Taneja
Based: Dubai and Bahrain
Sector: FinTech
Initial investment: $150,000
Current staff: 12
Stage: Pre-seed capital raising of $1 million
Investors: Class 5 Global, FJ Labs, IMO Ventures, The Community Fund, VentureSouq, Fox Ventures, Dr Abdulla Elyas (private investment)

The specs

Engine: 2.0-litre 4-cyl

Power: 153hp at 6,000rpm

Torque: 200Nm at 4,000rpm

Transmission: 6-speed auto

Price: Dh99,000

On sale: now

MATCH INFO

England 241-3 (20 ovs)

Malan 130 no, Morgan 91

New Zealand 165 all out (16.5ovs)

Southee 39, Parkinson 4-47

England win by 76 runs

Series level at 2-2

MATCH INFO

Barcelona 2
Suarez (10'), Messi (52')

Real Madrid 2
Ronaldo (14'), Bale (72')

Ms Yang's top tips for parents new to the UAE
  1. Join parent networks
  2. Look beyond school fees
  3. Keep an open mind
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Bert van Marwijk factfile

Born: May 19 1952
Place of birth: Deventer, Netherlands
Playing position: Midfielder

Teams managed:
1998-2000 Fortuna Sittard
2000-2004 Feyenoord
2004-2006 Borussia Dortmund
2007-2008 Feyenoord
2008-2012 Netherlands
2013-2014 Hamburg
2015-2017 Saudi Arabia
2018 Australia

Major honours (manager):
2001/02 Uefa Cup, Feyenoord
2007/08 KNVB Cup, Feyenoord
World Cup runner-up, Netherlands

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UAE currency: the story behind the money in your pockets
The specs
Engine: 4.0-litre flat-six
Power: 510hp at 9,000rpm
Torque: 450Nm at 6,100rpm
Transmission: 7-speed PDK auto or 6-speed manual
Fuel economy, combined: 13.8L/100km
On sale: Available to order now
Price: From Dh801,800

SPECS

Nissan 370z Nismo

Engine: 3.7-litre V6

Transmission: seven-speed automatic

Power: 363hp

Torque: 560Nm

Price: Dh184,500

The specs

Engine: Direct injection 4-cylinder 1.4-litre
Power: 150hp
Torque: 250Nm
Price: From Dh139,000
On sale: Now

The bio

Job: Coder, website designer and chief executive, Trinet solutions

School: Year 8 pupil at Elite English School in Abu Hail, Deira

Role Models: Mark Zuckerberg and Elon Musk

Dream City: San Francisco

Hometown: Dubai

City of birth: Thiruvilla, Kerala

The specs

Engine: 1.5-litre turbo

Power: 181hp

Torque: 230Nm

Transmission: 6-speed automatic

Starting price: Dh79,000

On sale: Now

The BIO:

He became the first Emirati to climb Mount Everest in 2011, from the south section in Nepal

He ascended Mount Everest the next year from the more treacherous north Tibetan side

By 2015, he had completed the Explorers Grand Slam

Last year, he conquered K2, the world’s second-highest mountain located on the Pakistan-Chinese border

He carries dried camel meat, dried dates and a wheat mixture for the final summit push

His new goal is to climb 14 peaks that are more than 8,000 metres above sea level