Cate Le Bon performs as part of the 2012 Noise Pop Festival in San Francisco, California. Photo by Tim Mosenfelder / Getty Images
Cate Le Bon performs as part of the 2012 Noise Pop Festival in San Francisco, California. Photo by Tim Mosenfelder / Getty Images

Album Review: Mug Museum by Cate Le Bon



Cate Le Bon Mug Museum (Turnstile) ⋆⋆⋆⋆

First things first: Cate Le Bon is not the child of Duran Duran’s Simon Le Bon. Do not, under any circumstances, mistake her for fame-gilded offspring in the mould of Peaches Geldof, Daisy Lowe or Lily Allen. Le Bon is another type of woman altogether, from the grand tradition of eccentric female vocalists: think Nico, Kate Bush, Cerys Matthews, Tori Amos and Blondie. And this, her third full-length album, finds her in a sweet spot, somewhere between difficult experiment and approachable folksiness.

She’ll never lose the Nico references that have followed her from the start, thanks to that gauche, deep, slightly off-key wobble that plays down her fine voice, not to mention the meandering but simple melodies and the accent (hers is strongly Welsh, rather than German, and she has previously released music entirely written in Welsh). This album does little to dispel the comparisons, with its 1960s-toned instruments and deceptively simple song structures. Indeed, Mirror Me might be a direct nod to the Velvet Underground’s I’ll Be Your Mirror.

That’s not to say this is a derivative record. Certainly there are discernible influences – not least the California psychedelia that appears to be the consequence of Le Bon’s move to Los Angeles earlier this year. It’s an album sung through the organic fug that real instruments offer – loose timings, odd bar lengths and a semi-improvised feel in songs such as the almost hymnal title track. And it seems touched with diffuse autumn sunlight, notably in I Think I Knew, a beautiful duet with Mike Hadreas, aka Perfume Genius.

But the themes are more melancholic than this would imply, the writing being prompted by the death of Le Bon’s maternal grandmother. Though the lyrics are often opaque, nothing could be clearer than the question in the title of Are You with Me Now? Elsewhere, the haunting, hypnotic Cuckoo Through the Walls blends a sort of fairy-tale lilt with a woozy, weary repetition and dissonance, and Wild has a heavy, grungy gloom.

It’s not all downbeat, though. The opening track, I Can’t Help You, is all chirpy rhythms and twangy guitars, and Sisters has a post-punk drive with Blondie-esque vocals.

Production by Noah Georgeson (of Joanna Newsom fame) is spare, and it is a somewhat slight album, but it’s heartfelt. And that’s something that some of the biggest albums of 2013 failed to offer.

artslife@thenational.ae

Singham Again

Director: Rohit Shetty

Stars: Ajay Devgn, Kareena Kapoor Khan, Ranveer Singh, Akshay Kumar, Tiger Shroff, Deepika Padukone

Rating: 3/5

SPECS

Engine: 4-litre V8 twin-turbo
Power: 630hp
Torque: 850Nm
Transmission: 8-speed Tiptronic automatic
Price: From Dh599,000
On sale: Now

How Tesla’s price correction has hit fund managers

Investing in disruptive technology can be a bumpy ride, as investors in Tesla were reminded on Friday, when its stock dropped 7.5 per cent in early trading to $575.

It recovered slightly but still ended the week 15 per cent lower and is down a third from its all-time high of $883 on January 26. The electric car maker’s market cap fell from $834 billion to about $567bn in that time, a drop of an astonishing $267bn, and a blow for those who bought Tesla stock late.

The collapse also hit fund managers that have gone big on Tesla, notably the UK-based Scottish Mortgage Investment Trust and Cathie Wood’s ARK Innovation ETF.

Tesla is the top holding in both funds, making up a hefty 10 per cent of total assets under management. Both funds have fallen by a quarter in the past month.

Matt Weller, global head of market research at GAIN Capital, recently warned that Tesla founder Elon Musk had “flown a bit too close to the sun”, after getting carried away by investing $1.5bn of the company’s money in Bitcoin.

He also predicted Tesla’s sales could struggle as traditional auto manufacturers ramp up electric car production, destroying its first mover advantage.

AJ Bell’s Russ Mould warns that many investors buy tech stocks when earnings forecasts are rising, almost regardless of valuation. “When it works, it really works. But when it goes wrong, elevated valuations leave little or no downside protection.”

A Tesla correction was probably baked in after last year’s astonishing share price surge, and many investors will see this as an opportunity to load up at a reduced price.

Dramatic swings are to be expected when investing in disruptive technology, as Ms Wood at ARK makes clear.

Every week, she sends subscribers a commentary listing “stocks in our strategies that have appreciated or dropped more than 15 per cent in a day” during the week.

Her latest commentary, issued on Friday, showed seven stocks displaying extreme volatility, led by ExOne, a leader in binder jetting 3D printing technology. It jumped 24 per cent, boosted by news that fellow 3D printing specialist Stratasys had beaten fourth-quarter revenues and earnings expectations, seen as good news for the sector.

By contrast, computational drug and material discovery company Schrödinger fell 27 per cent after quarterly and full-year results showed its core software sales and drug development pipeline slowing.

Despite that setback, Ms Wood remains positive, arguing that its “medicinal chemistry platform offers a powerful and unique view into chemical space”.

In her weekly video view, she remains bullish, stating that: “We are on the right side of change, and disruptive innovation is going to deliver exponential growth trajectories for many of our companies, in fact, most of them.”

Ms Wood remains committed to Tesla as she expects global electric car sales to compound at an average annual rate of 82 per cent for the next five years.

She said these are so “enormous that some people find them unbelievable”, and argues that this scepticism, especially among institutional investors, “festers” and creates a great opportunity for ARK.

Only you can decide whether you are a believer or a festering sceptic. If it’s the former, then buckle up.

Student Of The Year 2

Director: Punit Malhotra

Stars: Tiger Shroff, Tara Sutaria, Ananya Pandey, Aditya Seal 

1.5 stars

If you go
Where to stay: Courtyard by Marriott Titusville Kennedy Space Centre has unparalleled views of the Indian River. Alligators can be spotted from hotel room balconies, as can several rocket launch sites. The hotel also boasts cool space-themed decor.

When to go: Florida is best experienced during the winter months, from November to May, before the humidity kicks in.

How to get there: Emirates currently flies from Dubai to Orlando five times a week.
Citadel: Honey Bunny first episode

Directors: Raj & DK

Stars: Varun Dhawan, Samantha Ruth Prabhu, Kashvi Majmundar, Kay Kay Menon

Rating: 4/5

The specs
Engine: 77.4kW all-wheel-drive dual motor
Power: 320bhp
Torque: 605Nm
Transmission: Single-speed automatic
Price: From Dh219,000
On sale: Now
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The biog

First Job: Abu Dhabi Department of Petroleum in 1974  
Current role: Chairperson of Al Maskari Holding since 2008
Career high: Regularly cited on Forbes list of 100 most powerful Arab Businesswomen
Achievement: Helped establish Al Maskari Medical Centre in 1969 in Abu Dhabi’s Western Region
Future plan: Will now concentrate on her charitable work

The biog

Age: 35

Inspiration: Wife and kids 

Favourite book: Changes all the time but my new favourite is Thinking, Fast and Slow  by Daniel Kahneman

Best Travel Destination: Bora Bora , French Polynesia 

Favourite run: Jabel Hafeet, I also enjoy running the 30km loop in Al Wathba cycling track