Author Marilynne Robinson. AP Photo / Lefteris Pitarakis, File
Author Marilynne Robinson. AP Photo / Lefteris Pitarakis, File

Robinson, Chast, Piketty among National Book Critics prize nominees



AP

Novelist Marilynne Robinson, economist Thomas Piketty and cartoonist Roz Chast are among the finalists for the United States’ National Book Critics Circle prizes.

Nobel laureate Toni Morrison will receive a Lifetime Achievement award, while National Book Award winner Phil Klay has won the John Leonard Prize for the best debut release of 2014, the short story collection Redeployment.

Leonard, who died in 2008, was a reviewer for The New York Times and other publications and a founder of the book critics circle known for championing new writers. Morrison, a rising star in the 1970s, was among his discoveries.

The 30 nominees for six competitive categories were announced on Monday.

For the first time in the critics circle's 40-year history, one book was a nominee in two categories. Claudia Rankine's Citizen, a hybrid of verse, history and commentary, was cited in criticism and poetry.

Robinson, whose Lila completed an award-winning trilogy set in rural Iowa that includes Gilead and Home, was one of two National Book Award fiction finalists to be selected for fiction by the book critics. Also cited for both awards was Rabih Alameddine for the Beirut-based novel An Unnecessary Woman.

The other fiction nominees were Jamaican novelist Marlon James' 700-page A Brief History of Seven Killings, Lily King's Euphoria and Chang-rae Lee's On Such a Full Sea.

The critics bypassed last year's top-selling literary novel and a National Book Award runner-up, Anthony Doerr's Second World War drama, All the Light We Cannot See.

Piketty's Capital in the Twenty-First Century, a surprise best-seller translated from French to English by Arthur Goldhammer," is a nonfiction finalist.

One of the world's foremost historians of slavery, David Brion Davis, also is a finalist in nonfiction for The Problem of Slavery in the Age of Emancipation. Other nominees in the category were Peter Finn's and Petra Couvee's The Zhivago Affair, Elizabeth Kolbert's The Sixth Extinction and Hector Tobar's Deep Down Dark.

Chast's illustrated memoir about her parents, Can't We Talk About Something More Pleasant, was a nominee for autobiography. Others chosen included Lacy M. Johnson's The Other Side and Meline Toumani's There Was and There Was Not.

Blake Bailey, a National Book Critics Circle winner in 2009 for his biography of John Cheever, is a nominee for autobiography for The Splendid Things We Planned.

In biography, the finalists were Ezra Greenspan's William Wells Brown; South Carolina. Gwynne's book on Confederate Gen Stonewall Jackson, Rebel Yell; John Lahr's Tennessee Williams; Ian S. MacNiven's work on publisher James Laughlin, Literchoor Is My Beat; and Miriam Pawd's The Crusades of Cesar Chavez.

Besides Rankine, the poetry nominees were Saced Jones' Prelude to Bruise, Willie Perdomo's The Essential Hits of Shortly Bon Bon, Christian Wiman's Once in the West and Jake Adam York's Abide.

Criticism finalists included Rankine; the late Ellen Willis' anthology, The Essential Ellen Willis; Eula Biss' On Immunity; Vikram Chandra's Geek Sublime; and Lynne Tillman's What Would Lynne Tillman Do? published by the very independent Red Lemonade, which advocates "risky, socially charged, misbehaving stuff".

The winners will be announced March 12. The only cash prize handed out will be to New Yorker staffer Alexandra Schwartz, who receives $1,000 as winner of the Nona Balakian Citation for Excellence in Reviewing.

The critics circle has about 700 members, based throughout the US.

COMPANY PROFILE
Name: ARDH Collective
Based: Dubai
Founders: Alhaan Ahmed, Alyina Ahmed and Maximo Tettamanzi
Sector: Sustainability
Total funding: Self funded
Number of employees: 4
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Source: Federal Office for the Protection of the Constitution

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Biog

Mr Kandhari is legally authorised to conduct marriages in the gurdwara

He has officiated weddings of Sikhs and people of different faiths from Malaysia, Sri Lanka, Russia, the US and Canada

Father of two sons, grandfather of six

Plays golf once a week

Enjoys trying new holiday destinations with his wife and family

Walks for an hour every morning

Completed a Bachelor of Commerce degree in Loyola College, Chennai, India

2019 is a milestone because he completes 50 years in business

 

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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Name: Mamo 

 Year it started: 2019 Founders: Imad Gharazeddine, Asim Janjua

 Based: Dubai, UAE

 Number of employees: 28

 Sector: Financial services

 Investment: $9.5m

 Funding stage: Pre-Series A Investors: Global Ventures, GFC, 4DX Ventures, AlRajhi Partners, Olive Tree Capital, and prominent Silicon Valley investors. 

 
Emergency

Director: Kangana Ranaut

Stars: Kangana Ranaut, Anupam Kher, Shreyas Talpade, Milind Soman, Mahima Chaudhry 

Rating: 2/5

Graduated from the American University of Sharjah

She is the eldest of three brothers and two sisters

Has helped solve 15 cases of electric shocks

Enjoys travelling, reading and horse riding

 

Game Changer

Director: Shankar 

Stars: Ram Charan, Kiara Advani, Anjali, S J Suryah, Jayaram

Rating: 2/5

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
BRAZIL SQUAD

Alisson (Liverpool), Daniel Fuzato (Roma), Ederson (Man City); Alex Sandro (Juventus), Danilo (Juventus), Eder Militao (Real Madrid), Emerson (Real Betis), Felipe (Atletico Madrid), Marquinhos (PSG), Renan Lodi (Atletico Madrid), Thiago Silva (PSG); Arthur (Barcelona), Casemiro (Real Madrid), Douglas Luiz (Aston Villa), Fabinho (Liverpool), Lucas Paqueta (AC Milan), Philippe Coutinho (Bayern Munich); David Neres (Ajax), Gabriel Jesus (Man City), Richarlison (Everton), Roberto Firmino (Liverpool), Rodrygo (Real Madrid), Willian (Chelsea).

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SQUADS

India
Virat Kohli (captain), Rohit Sharma (vice-captain), Shikhar Dhawan, Ajinkya Rahane, Manish Pandey, Kedar Jadhav, Dinesh Karthik, Mahendra Singh Dhoni (wicketkeeper), Hardik Pandya, Axar Patel, Kuldeep Yadav, Yuzvendra Chahal, Jasprit Bumrah, Bhuvneshwar Kumar, Shardul Thakur

New Zealand
Kane Williamson (captain), Martin Guptill, Colin Munro, Ross Taylor, Tom Latham (wicketkeeper), Henry Nicholls, Ish Sodhi, George Worker, Glenn Phillips, Matt Henry, Colin de Grandhomme, Mitchell Santner, Tim Southee, Adam Milne, Trent Boult

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.
Cryopreservation: A timeline
  1. Keyhole surgery under general anaesthetic
  2. Ovarian tissue surgically removed
  3. Tissue processed in a high-tech facility
  4. Tissue re-implanted at a time of the patient’s choosing
  5. Full hormone production regained within 4-6 months