David Letterman during a taping of his final Late Show on Wednesday, May 20, 2015 at the Ed Sullivan Theater in New York. Letterman retired after 33 years in late night television, 6,028 broadcasts, nearly 20,000 total guest appearances, 16 Emmy Awards and more than 4,600 career Top Ten Lists. Jeffrey R. Staab / CBS via AP
David Letterman during a taping of his final Late Show on Wednesday, May 20, 2015 at the Ed Sullivan Theater in New York. Letterman retired after 33 years in late night television, 6,028 broadcasts, nShow more

David Letterman leaves late night with thanks and a smile



There are those who will argue that the world of television hasn’t suffered such a loss in nearly a generation, and they’re right.

When David Letterman signed off CBS' Late Show for good Wednesday, he closed the book on more than his own incomparable career in late night. He closed out a broadcasting epoch that also encompasses his mentor, Tonight Show host Johnny Carson, who retired with great emotion and ceremony in 1992. Dave also called it a day for Steve Allen and Jack Paar, who back in the 1950s broke ground as each took a turn as the host of Tonight.

All that is part of Letterman’s legacy – as well as a career-spanning total of “eight minutes of laughter”, he cracked in his final monologue.

For anyone sad that Letterman is leaving the spotlight, he offered joking consolation, announcing that he and about-to-be-former bandleader Paul Shaffer would soon “be debuting our new act at Caesars Palace with our white tigers”. If only.

Dave’s much-awaited finale was surprisingly unsurprising for such a momentous occasion. But it was clearly what Letterman wanted for himself: a wrapping up and an occasion to say thanks. He seemed to enjoy himself greatly in the process.

At the top of the show, he was showered with a two-minute standing ovation. Then some of his favourite celebs delivered the final Top 10 List. He presented a sampling of vintage clips, and a new filmed segment displayed a day in the life of Dave doing Late Show – fun, even instructive, if an odd idea since this is no longer the way Dave's day will go.

Near the end of the show, Letterman voiced appreciation for all the praise and tributes, “merited or not”, directed at him recently, but added, “Do me a favour: Save a little for my funeral.”

He thanked, in generous detail, his staff, crew and talent, who “deserve more credit for this show than I ever will”.

He thanked his wife, Regina, and their son Harry, shown in the audience, telling them, “I love you both, and nothing else matters, does it?”

And he thanked his viewers: “There’s nothing I can ever do to repay you.”

With that, he concluded, “The only thing I have left to do for the last time on a television programme: Thank you and good night.”

Whereupon his by-request band, the Foo Fighters, pounded out a chosen song, Everlong, over which a rapid-fire slide show of Dave's TV life flashed. The effect was riveting, and, maybe for the first time, there was no denying: Dave was gone.

The late-night talk TV world Letterman leaves behind is packed with capable hosts on many networks, but what they preside over, strictly speaking, is neither talk TV or late night. This collection of hosts are mostly feel-good, up-for-anything entertainers, not the wry, leery talker Dave perfected. What they hosted, more like variety shows, are available for playback any hour of the day, either whole or parsed out in digital snippets.

Where does this leave viewers now in Letterman’s absence? Immersed, as before, in a wide-open culture of humour he helped mastermind – an ironic, irreverent sensibility sufficiently absorbed into the ethos that it is scarcely noticed anymore, much less recognised as being largely of Dave’s making. Note: No one uses the term “Lettermanesque” anymore. It’s just assumed.

In the final star-studded Top 10 List (“Things I’ve Always Wanted to Say to Dave”), Tina Fey weighed in with: “Thanks for finally proving men can be funny.”

Which Letterman did, and so much more.

Now he has left on his own accord, which lends him a further distinction among talk-show hosts. No one forced him out. Letterman can boast a record of influence and longevity (33 years and more than 6,000 broadcasts) that is unlikely ever to be matched, so, at age 68, it was time to go. Whatever misgivings he has shared in recent interviews about his retirement, he seemed satisfied on this last show. He was aglow.

Even so, it’s hard not to imagine that, if he could turn back the clock, he’d be game to do it all over again. Who could blame Dave for that? Who wouldn’t join him for that ride?

2025 Fifa Club World Cup groups

Group A: Palmeiras, Porto, Al Ahly, Inter Miami.

Group B: Paris Saint-Germain, Atletico Madrid, Botafogo, Seattle.

Group C: Bayern Munich, Auckland City, Boca Juniors, Benfica.

Group D: Flamengo, ES Tunis, Chelsea, Leon.

Group E: River Plate, Urawa, Monterrey, Inter Milan.

Group F: Fluminense, Borussia Dortmund, Ulsan, Mamelodi Sundowns.

Group G: Manchester City, Wydad, Al Ain, Juventus.

Group H: Real Madrid, Al Hilal, Pachuca, Salzburg.

The specs

AT4 Ultimate, as tested

Engine: 6.2-litre V8

Power: 420hp

Torque: 623Nm

Transmission: 10-speed automatic

Price: From Dh330,800 (Elevation: Dh236,400; AT4: Dh286,800; Denali: Dh345,800)

On sale: Now

COMPANY%20PROFILE
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The%20Little%20Mermaid%20
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Formula Middle East Calendar (Formula Regional and Formula 4)
Round 1: January 17-19, Yas Marina Circuit – Abu Dhabi
 
Round 2: January 22-23, Yas Marina Circuit – Abu Dhabi
 
Round 3: February 7-9, Dubai Autodrome – Dubai
 
Round 4: February 14-16, Yas Marina Circuit – Abu Dhabi
 
Round 5: February 25-27, Jeddah Corniche Circuit – Saudi Arabia
The Brutalist

Director: Brady Corbet

Stars: Adrien Brody, Felicity Jones, Guy Pearce, Joe Alwyn

Rating: 3.5/5

Schedule
%3Cp%3E%3Cstrong%3ENovember%2013-14%3A%3C%2Fstrong%3E%20Abu%20Dhabi%20World%20Youth%20Jiu-Jitsu%20Championship%3Cbr%3E%3Cstrong%3ENovember%2015-16%3A%20%3C%2Fstrong%3EAbu%20Dhabi%20World%20Masters%20Jiu-Jitsu%20Championship%3Cbr%3E%3Cstrong%3ENovember%2017-19%3A%3C%2Fstrong%3E%20Abu%20Dhabi%20World%20Professional%20Jiu-Jitsu%20Championship%20followed%20by%20the%20Abu%20Dhabi%20World%20Jiu-Jitsu%20Awards%3C%2Fp%3E%0A
SPECS
%3Cp%3E%3Cstrong%3EEngine%3A%20%3C%2Fstrong%3E4-litre%20flat-six%0D%3Cbr%3E%3Cstrong%3EPower%3A%20%3C%2Fstrong%3E525hp%20(GT3)%2C%20500hp%20(GT4)%0D%3Cbr%3E%3Cstrong%3ETorque%3A%20%3C%2Fstrong%3E465Nm%20(GT3)%2C%20450Nm%20(GT4)%0D%3Cbr%3E%3Cstrong%3ETransmission%3A%20%3C%2Fstrong%3ESeven-speed%20automatic%0D%3Cbr%3E%3Cstrong%3EPrice%3A%20%3C%2Fstrong%3EFrom%20Dh944%2C000%20(GT3)%2C%20Dh581%2C700%20(GT4)%0D%3Cbr%3E%3Cstrong%3EOn%20sale%3A%20%3C%2Fstrong%3ENow%0D%3Cbr%3E%3C%2Fp%3E%0A
Zombieland: Double Tap

Director: Ruben Fleischer

Stars: Woody Harrelson, Jesse Eisenberg, Emma Stone

Four out of five stars 

Europe’s rearming plan
  • Suspend strict budget rules to allow member countries to step up defence spending
  • Create new "instrument" providing €150 billion of loans to member countries for defence investment
  • Use the existing EU budget to direct more funds towards defence-related investment
  • Engage the bloc's European Investment Bank to drop limits on lending to defence firms
  • Create a savings and investments union to help companies access capital
Analysis

Members of Syria's Alawite minority community face threat in their heartland after one of the deadliest days in country’s recent history. Read more

Who is Ramon Tribulietx?

Born in Spain, Tribulietx took sole charge of Auckland in 2010 and has gone on to lead the club to 14 trophies, including seven successive Oceania Champions League crowns. Has been tipped for the vacant New Zealand national team job following Anthony Hudson's resignation last month. Had previously been considered for the role. 

While you're here

Company name: Farmin

Date started: March 2019

Founder: Dr Ali Al Hammadi 

Based: Abu Dhabi

Sector: AgriTech

Initial investment: None to date

Partners/Incubators: UAE Space Agency/Krypto Labs 

FIXTURES

Fixtures for Round 15 (all times UAE)

Friday
Inter Milan v AS Roma (11.45pm)
Saturday
Atalanta v Verona (6pm)
Udinese v Napoli (9pm)
Lazio v Juventus (11.45pm)
Sunday
Lecce v Genoa (3.30pm)
Sassuolo v Cagliari (6pm)
SPAL v Brescia (6pm)
Torino v Fiorentina (6pm)
Sampdoria v Parma (9pm)
Bologna v AC Milan (11.45pm)

Fifa%20World%20Cup%20Qatar%202022%20
%3Cp%3E%3Cstrong%3EFirst%20match%3A%20%3C%2Fstrong%3ENovember%2020%0D%3Cbr%3E%3Cstrong%3EFinal%2016%20round%3A%20%3C%2Fstrong%3EDecember%203%20to%206%0D%3Cbr%3E%3Cstrong%3EQuarter-finals%3A%20%3C%2Fstrong%3EDecember%209%20and%2010%0D%3Cbr%3E%3Cstrong%3ESemi-finals%3A%20%3C%2Fstrong%3EDecember%2013%20and%2014%0D%3Cbr%3E%3Cstrong%3EFinal%3A%20%3C%2Fstrong%3EDecember%2018%3C%2Fp%3E%0A

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.”

US Industrial Market figures, Q1 2017

Vacancy Rate 5.4%

Markets With Positive Absorption 85.7 per cent

New Supply 55 million sq ft

New Supply to Inventory 0.4 per cent

Under Construction 198.2 million sq ft

(Source: Colliers)

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