Actress Emma Stone accepts Best Actress for 'La La Land' during this week's Academy Awards (Christopher Polk/Getty Images/AFP)
Actress Emma Stone accepts Best Actress for 'La La Land' during this week's Academy Awards (Christopher Polk/Getty Images/AFP)

Do Hollywood's protest politics make any difference at all?



For the second year in a row, the build-up to the Oscars has focused less on what happens on stage and more on the wider world beyond it.

Last year, the #OscarsSoWhite campaign highlighted a lack of diversity that stretched far beyond merely Hollywood's niche of the entertainment industry. This year, with feelings about Donald Trump's policies running high, the question was how political the Oscars would be?

Not very, in the end, although there were a couple of jabs at the US president by the host Jimmy Kimmel, who thanked Mr Trump for making the Oscars look less racist.

This is Oscars activism and when it occasionally awakens from its slumber – almost always during the presidency of a Republican – it is cast as the bold and the beautiful speaking truth to those in power. If only.

There are two main issues with Oscars activism. The first is that it is only done when it is popular to do so. At a moment when the US is convulsed by politics, it is easy to make political statements. Indeed, were Hollywood celebrities not to talk politics, they would look out of touch – a culturally and economically flawed strategy.

Far from being radical, Hollywood is actually instinctively conservative – this is a century-old industry that only in 2015 released a major film explicitly depicting a sexual relationship between a black man and a white woman, Will Smith and Margot Robbie in Focus – and rarely wants to get out ahead of the majority of the general public.

But it is the second aspect that I think is more concerning. Oscars activism creates a false sense of opposition to political power. It's like a comfort blanket for those who don't like what is happening in US politics but don't want to take the time to do anything about it.

Politics, after all, takes place in the details and most people would prefer to watch a comedian "tear into" Mr Trump than actually get involved in the hard work of opposing his policies.

An illustration of both of these aspects comes from the George W Bush years. The high point of Oscars activism comes from the 2003 awards, when Michael Moore, a vociferous opponent of Mr Bush, won an Oscar for Bowling for Columbine.

In his acceptance speech – which was given mere days after US fighter jets began bombing Baghdad – he denounced the "man sending us to war for fictitious reasons".

The audience looked utterly bewildered, unable to process this intrusion of reality, and Moore was booed and eventually his speech was halted. Hollywood's fear of real political power is so great that the entertainment capital of the country wouldn't even let Moore speak freely.

Contrast that, when Moore was voicing a genuinely controversial opinion on a real political policy, with the literal standing ovation Meryl Streep received on Sunday night for calling out Mr Trump for mocking a disabled reporter. Streep was right to do it, no doubt, but it's a position no one, not even Mr Trump given his defensive tweets on the subject, could disagree with. Even when it tries, Hollywood's anti-establishment politics are vanilla.

Worse than vanilla, in fact, because far from opposing the excesses of American power, Hollywood actually enables them.

Zero Dark Thirty, a film about the hunt for Osama bin Laden, was so servile in promoting the CIA's message that torture works – and indeed was explicitly changed to reflect what the Agency wanted – that the US senator tasked with investigating the CIA's torture programme walked out of the film and called it "false".

Hollywood's response was to lavish the film with Oscar nominations – and this was 2012, recall, when some of the worst abuses of the "war on terror" were already public knowledge. Nor was that a one-off: American Sniper, now derided as "terrorsploitation", also won an Academy Award two years later.

As with the Oscar event itself, few want to look behind the curtain. The perception that Hollywood is fighting for liberal causes only works on the most superficial level. Those who disliked Mr Bush and his conservative base stopped caring and talking politics the moment Barack Obama became president.

It didn't matter that Mr Obama took over many of the worst aspects of Mr Bush's administration – and, indeed, took them a step further, for the first time killing US citizens abroad without a trial. It wasn't the policy that Hollywood minded so much as the politician.

In a sense, of course, this shouldn't be a surprise. Entertainers love public applause and applause rarely follows unpopular opinions. Now that public opinion has shifted against the Iraq war, it is impossible to imagine a room full of Hollywood actors booing criticism of it.

Far from leading a public debate, Hollywood is actually a barometer of it. Whichever way the wind is blowing, the cameras follow.

But that does not replace politics, it merely replicates it. Opposition to Mr Trump will neither begin nor end on the red carpets of California. It takes place in the gritty streets of average American towns and in the grey, faceless halls of lawmakers up and down the country; all places where there are no spotlight. And no one in Hollywood can exist without a spotlight.

falyafai@thenational.ae

On Twitter: @FaisalAlYafai

Dubai Bling season three

Cast: Loujain Adada, Zeina Khoury, Farhana Bodi, Ebraheem Al Samadi, Mona Kattan, and couples Safa & Fahad Siddiqui and DJ Bliss & Danya Mohammed 

Rating: 1/5

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The specs
Engine: Long-range single or dual motor with 200kW or 400kW battery
Power: 268bhp / 536bhp
Torque: 343Nm / 686Nm
Transmission: Single-speed automatic
Max touring range: 620km / 590km
Price: From Dh250,000 (estimated)
On sale: Later this year

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.”

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.
COMPANY PROFILE
Name: HyperSpace
 
Started: 2020
 
Founders: Alexander Heller, Rama Allen and Desi Gonzalez
 
Based: Dubai, UAE
 
Sector: Entertainment 
 
Number of staff: 210 
 
Investment raised: $75 million from investors including Galaxy Interactive, Riyadh Season, Sega Ventures and Apis Venture Partners
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RESULT

RS Leipzig 3 

Marcel Sabitzer 10', 21'

Emil Forsberg 87'

Tottenham 0

 

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
Squid Game season two

Director: Hwang Dong-hyuk 

Stars:  Lee Jung-jae, Wi Ha-joon and Lee Byung-hun

Rating: 4.5/5

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Third Test

Day 3, stumps

India 443-7 (d) & 54-5 (27 ov)
Australia 151

India lead by 346 runs with 5 wickets remaining

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Blonde
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