Throughout his career Mark Kozelek's music and its subject matter has grown up along with him.
Throughout his career Mark Kozelek's music and its subject matter has grown up along with him.

The last indie hero?



In 1991, after two years of playing for little more than their girlfriends in small San Francisco clubs, the Red House Painters finally caught a break. The quartet's lead-singer and guitarist - a tall, north-east Ohio-native with a mellow, languid tenor named Mark Kozelek - befriended the local musician Mark Eitzel, the frontman for the band American Music Club. Eitzel, who had just returned from a UK tour, told his new friend about an English journalist he had bumped into who had taken a shine to the Painters' gauzy rock 'n' roll. "Send him your demo," Eitzel told Kozelek. "He loves your stuff." Great, Kozelek thought.

But there was one hitch. "I had literally never sent a package overseas in my life." Kozelek says. "I didn't even know how it worked." So he grabbed a brown lunch bag and stuffed a C90 cassette tape of the Painters' demo inside. He folded the bag shut, fastened it with Scotch tape, and slapped several stamps on the corner. Then Kozelek walked across the street from his one-bedroom apartment in San Francisco's Nob Hill neighbourhood and dropped the package in the mailbox.

Then he waited? and waited. Six months passed. Kozelek forgot about even mailing the thing. And then his phone rang. It was Ivo Watts-Russell, the founder and head of London's 4AD Records. "To this day, it's all just crazy to me," Kozelek says, on the phone from his apartment just a few blocks away from that charmed mailbox. "Three months after that we were on a plane flying to England, meeting with these English people at 4AD, doing a lot of interviews with English journalists, and playing for English audiences."

After the release of the band's debut, Down Colorful Hill, in the autumn of 1992, the Painters soon established themselves at the forefront of what came to be called slow-core (or sadcore): a heady mix of emotional lyrics, hazy guitar figures and dreamy tempos. British, and later, American audiences fell for it. With his ability to "nail complex emotions or fears in just a couple of lines", the 25-year-old Kozelek reminded Watts-Russell of Jackson Browne. As Watts-Russel recalls: "While most UK bands were hiding beautiful melodies, delivered by less than beautiful voices, beneath a wall of cascading guitars, Red House Painters hit one square in the face?"

The Painters' rise from the San Francisco underground to the headlines of the British music press may have been unlikely. But it is certainly no more implausible than Kozelek's continued relevance in an indie-rock world that - except for the occasional bout of teenage nostalgia - too-often leaves its Nineties heroes for dead. Yet at 42, a decade after the Painters' disintegration, Kozelek is going stronger than ever, retaining his old fans and gathering up new ones only dimly aware of the Painters' legacy. With Caldo Verde, the record label he founded in 2005, Kozelek has released a steady clip of records -both under Sun Kil Moon, the band he founded in 2003, and his own name. The most recent Sun Kil Moon release, last year's April, a 74-minute epic of monochrome folk and Neil Young-esque classic rock, landed on a number of year-end best-of lists. This year saw the release of the odds-and-ends collection The Finally LP, and, recorded live in Spain, Find Me, Ruben Olivares - both under his own name.

Now comes Lost Verses Live, another collection of live material culled from the singer's recent American and European solo tours. Except for the lone Painters tune Katy Song, Lost Verses is a tidy summation of Kozelek's oeuvre since the release if Sun Kil Moon's 2003 debut, Ghosts of the Great Highway. There is, of course, that unmistakable voice: Kozelek's breathy, haunted tenor -a lament for days gone by and a plea for better days still to come. There is the meditative acoustic guitar, sometimes inflected with a Spanish lilt, other-times coloured by open-chord tunings reminiscent of John Fahey or Nick Drake. There is Kozelek's masochistic affinity for cover songs, often by artists with whom he shares strikingly little. Kozelek has produced entire LPs dedicated to AC/DC and the iconic American indie-rock band, Modest Mouse. Here, Kozelek's take on the latter's Four Fingered Fisherman and Tiny Cities have much more to do with Simon & Garfunkel than the excitable jangle preferred by Modest Mouse's singer Isaac Brook.

Most dramatically, though, Lost Verses is, like so much of Kozelek's work this decade, pregnant with memory and nostalgia. In Kozelek's musical mis-en-scene, the past hangs as thick and heavy as the fog rolling through his hometown. Months in Spain busking for "crowds of passing faces", a misspent summer stranded on Florida beaches "poor as a joke", an ex-girlfriend with fingernails painted the colour of saltwater taffy from the Jersey shore, Kozelek's recollections tickle his throat, keep him awake, won't let him be. "I have all these memories/ I don't know what for? Some overflow and spill out like waves/Some I will harbour for all of my days," he sings on April's Like A River.

Kozelek is one of the very few American singer-songwriters about whom it's conceivable to imagine now-20-year-old fans will continue to listen to with unceasing admiration long past their 40th birthdays. If Kozelek doesn't make growing up seem cool, he at least makes it mysterious, almost edgy. You envy the wealth of his experiences, but you also yearn, impossibly, for the vantage point of middle age from which it's possible to make sense of them.

Paradoxically, Kozelek's justification for his music's wistfulness, and its love of place (in Moorestown, he recalls a former lover living on North Church Street in an "attic space overgrown" and painted "Mediterranean blue") has less do with melancholic disposition. It's about his hectic tour schedule, about being a working musician, about finding yourself in a strange hotel in the south of Spain at 3am. "You're getting bounced around so much," Kozelek says, "that sometimes you're not really able to reflect on something until a few years, a few relationships down the road, when you're able to look back at this thing and finally get some perspective on it."

Despite the eerie resemblance between his singing and speaking voices, Kozelek is not the brooder his music makes him out to be. On the phone, he is casual and unpretentious, almost chipper. (He laughs about not owning an iPod and the fact that his "prehistoric cellphone" doesn't have a camera.) And he's perfectly straightforward about what he has to do to maintain his career. Sun Kil Moon rarely plays outside the West Coast. Instead, Kozelek prefers to tour as a solo act in order to take home a larger cut of the proceeds. "It's just what I have to do to make a living," he says.

In fact, the creation of Sun Kil Moon was, to a large extent, a marketing ploy. After a series of label disputes - first with 4AD, then with Island Records - significantly delayed the release of the last two Red House Painters records (1996's Songs for a Blue Guitar and 2001's Old Ramon), a fact which led to the band's disintegration in 2001, Kozelek decided he needed a new name to generate some momentum. "It really felt right to come up with a new name to get some fresh attention to what I was doing," he says. Hence Sun Kil Moon, a name taken from the Korean bantamweight, Sung-Kil Moon. (Kozelek is a huge boxing fan.) Yet precisely like the Painters, his latest project is essentially a Kozelek solo act with a catchier name.

Even in the decade's early years, after the Painters' break-up but before Sun Kil Moon's emergence, when his musical career faltered, he found a way to maintain his public profile with few small film roles. A fan, the director Cameron Crowe got Kozelek a role as the bassist in the fictional band Stillwater for his 2000 film Almost Famous. A year later, Kozelek made an appearance in another Crowe project, Vanilla Sky.

Surely, part of what makes Kozelek so appealing is the dichotomy between the profound melancholy of his music and the pragmatism that has ensured its relevance long past the Painters' demise, between the obsessions that flit violently in and out of his art and the sense of world-weariness that pervades it all, between, to put it simply, childhood and adulthood. As a boy growing up in Massillon, Ohio, Kozelek didn't relate much to his classmates. It was to their older brothers and sisters, metal-heads all, that he was drawn - a social habit that landed him in rehab before his 15th birthday. And yet today, sober for 27 years, Kozelek lives like a man half his age: alone in a one-bedroom apartment in a hip San Francisco neighbourhood. He has no children. Four years is the longest relationship he's ever been in.

He is, of course, not immune to the pleasures of settling down. Many of his old touring buddies have kids, some even have real-estate licenses, and Kozelek readily admits to envying their "stability" and the quiet pace of private life. But Kozelek is long past worrying over the choices he has made. "I remember the last two or three hours before I turned 40. I was freaking out," he says. "But then the nice thing about it is you've just become what you are and you're OK: 'I guess this was what I was supposed to do with my life.' There's something calming and peaceful about that."

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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

Game Changer

Director: Shankar 

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

Rating: 2/5

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.
Hydrogen: Market potential

Hydrogen has an estimated $11 trillion market potential, according to Bank of America Securities and is expected to generate $2.5tn in direct revenues and $11tn of indirect infrastructure by 2050 as its production increases six-fold.

"We believe we are reaching the point of harnessing the element that comprises 90 per cent of the universe, effectively and economically,” the bank said in a recent report.

Falling costs of renewable energy and electrolysers used in green hydrogen production is one of the main catalysts for the increasingly bullish sentiment over the element.

The cost of electrolysers used in green hydrogen production has halved over the last five years and will fall to 60 to 90 per cent by the end of the decade, acceding to Haim Israel, equity strategist at Merrill Lynch. A global focus on decarbonisation and sustainability is also a big driver in its development.

The specs

Engine: Dual 180kW and 300kW front and rear motors

Power: 480kW

Torque: 850Nm

Transmission: Single-speed automatic

Price: From Dh359,900 ($98,000)

On sale: Now

Our legal consultants

Name: Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.

Emergency

Director: Kangana Ranaut

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

Rating: 2/5

Zakat definitions

Zakat: an Arabic word meaning ‘to cleanse’ or ‘purification’.

Nisab: the minimum amount that a Muslim must have before being obliged to pay zakat. Traditionally, the nisab threshold was 87.48 grams of gold, or 612.36 grams of silver. The monetary value of the nisab therefore varies by current prices and currencies.

Zakat Al Mal: the ‘cleansing’ of wealth, as one of the five pillars of Islam; a spiritual duty for all Muslims meeting the ‘nisab’ wealth criteria in a lunar year, to pay 2.5 per cent of their wealth in alms to the deserving and needy.

Zakat Al Fitr: a donation to charity given during Ramadan, before Eid Al Fitr, in the form of food. Every adult Muslim who possesses food in excess of the needs of themselves and their family must pay two qadahs (an old measure just over 2 kilograms) of flour, wheat, barley or rice from each person in a household, as a minimum.

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
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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%3Cp%3E%3Cstrong%3ECompany%20name%3A%20%3C%2Fstrong%3EAlmouneer%3Cbr%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%202017%3Cbr%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20Dr%20Noha%20Khater%20and%20Rania%20Kadry%3Cbr%3E%3Cstrong%3EBased%3A%20%3C%2Fstrong%3EEgypt%3Cbr%3E%3Cstrong%3ENumber%20of%20staff%3A%20%3C%2Fstrong%3E120%3Cbr%3E%3Cstrong%3EInvestment%3A%20%3C%2Fstrong%3EBootstrapped%2C%20with%20support%20from%20Insead%20and%20Egyptian%20government%2C%20seed%20round%20of%20%3Cbr%3E%243.6%20million%20led%20by%20Global%20Ventures%3Cbr%3E%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.”

The specs
 
Engine: 3.0-litre six-cylinder turbo
Power: 398hp from 5,250rpm
Torque: 580Nm at 1,900-4,800rpm
Transmission: Eight-speed auto
Fuel economy, combined: 6.5L/100km
On sale: December
Price: From Dh330,000 (estimate)
Things Heard & Seen

Directed by: Shari Springer Berman, Robert Pulcini

Starring: Amanda Seyfried, James Norton

2/5

The Melbourne Mercer Global Pension Index

The Melbourne Mercer Global Pension Index

Mazen Abukhater, principal and actuary at global consultancy Mercer, Middle East, says the company’s Melbourne Mercer Global Pension Index - which benchmarks 34 pension schemes across the globe to assess their adequacy, sustainability and integrity - included Saudi Arabia for the first time this year to offer a glimpse into the region.

The index highlighted fundamental issues for all 34 countries, such as a rapid ageing population and a low growth / low interest environment putting pressure on expected returns. It also highlighted the increasing popularity around the world of defined contribution schemes.

“Average life expectancy has been increasing by about three years every 10 years. Someone born in 1947 is expected to live until 85 whereas someone born in 2007 is expected to live to 103,” Mr Abukhater told the Mena Pensions Conference.

“Are our systems equipped to handle these kind of life expectancies in the future? If so many people retire at 60, they are going to be in retirement for 43 years – so we need to adapt our retirement age to our changing life expectancy.”

Saudi Arabia came in the middle of Mercer’s ranking with a score of 58.9. The report said the country's index could be raised by improving the minimum level of support for the poorest aged individuals and increasing the labour force participation rate at older ages as life expectancies rise.

Mr Abukhater said the challenges of an ageing population, increased life expectancy and some individuals relying solely on their government for financial support in their retirement years will put the system under strain.

“To relieve that pressure, governments need to consider whether it is time to switch to a defined contribution scheme so that individuals can supplement their own future with the help of government support,” he said.

The specs: 2018 BMW R nineT Scrambler

Price, base / as tested Dh57,000

Engine 1,170cc air/oil-cooled flat twin four-stroke engine

Transmission Six-speed gearbox

Power 110hp) @ 7,750rpm

Torque 116Nm @ 6,000rpm

Fuel economy, combined 5.3L / 100km

How to protect yourself when air quality drops

Install an air filter in your home.

Close your windows and turn on the AC.

Shower or bath after being outside.

Wear a face mask.

Stay indoors when conditions are particularly poor.

If driving, turn your engine off when stationary.

Sting & Shaggy

44/876

(Interscope)