New testimony from an elderly former Secret Service agent who was guarding US president John F Kennedy when he was assassinated in Dallas in 1963 could prove to be a fatal blow to the widely disparaged official narrative of the murder.
There is a difference between genuine mysteries of history and the subjects of paranoid conspiracy theories. In history and politics, the venerable philosophical principle of Occam's Razor – which holds that all things being equal, the simplest explanation is usually correct – is invaluable. There's no need to look for outlandish explanations when obvious ones are rationally satisfactory.
The official narrative of the Kennedy assassination in the Warren Commission Report was, from the outside, too weak and deeply flawed not to be widely doubted. The circumstances of the killing are a genuine mystery and rejecting a totally unconvincing official account isn't paranoid or unwarranted. Speculation is likely to intensify now that former Secret Service agent Paul Landis, who was standing on the car runner boards a few feet from Mr Kennedy when he was shot, has at last told his story.
The Report's account hinges on the assumption that a "magic bullet" hit Mr Kennedy and Texas governor John Connally, who survived the attack, in multiple implausible parts of his body. Not only was the bullet's path seemingly bizarre, though hardly impossible, but the fact that it was found on Mr Connally's stretcher in a near-pristine state after all that supposed ricocheting and damage raised immediate doubts.
Mr Landis says that he found that bullet lodged in the leather of the limousine behind where Mr Kennedy had been sitting when shot. He took it into the hospital and placed it on the president’s stretcher in hopes it could help doctors. He surmises that the two stretchers were later jostled together and the bullet bounced onto Mr Connelly's.
The "magic bullet" that hit both Mr Kennedy and, repeatedly, Mr Connally is the linchpin of the lone gunman theory propagated by the Warren Report. If Mr Connally was struck by a different, and therefore additional, bullet, the already far-fetched idea that Lee Harvey Oswald was alone responsible for all the shooting crumbles. It virtually guarantees that there was at least one other gunman, and possibly more.
While the official narrative never held much water, many popular alternatives also seem entirely unconvincing. As popularised in Oliver Stone's essentially fictional hit film JFK, they tend to blame the CIA and/or the military for killing Mr Kennedy. They claim Mr Kennedy was preparing to destroy the intelligence agency or withdraw US advisers from Vietnam or to take some other supposedly intolerable action. And, therefore, he was simply killed.
This leaves a lot to be desired, to put it mildly. There is no evidence that Mr Kennedy wanted to, or could have, gone to war with the intelligence services. It's unclear whether he was really going to pursue a withdrawal from Vietnam or that this would've been regarded as an intolerable betrayal by the military.
Most importantly, the CIA has no history, before or since, of assassinating US presidents. The CIA and/or military certainly had the means but lacked any clear motive. And as for opportunity, virtually anyone who wanted to take a potshot at that motorcade could have.
The most glaring flaw in the official narrative that rendered the Kennedy assassination a genuine mystery from the outset is that, a few days after the assassination, Oswald himself was shot, in full view of police who were escorting him in custody, by Jack Ruby. Ruby insisted that he was motivated by patriotic outrage, but that's another laughable claim.
Ruby was a disreputable Dallas nightclub owner strongly associated with Cosa Nostra – the American mafia. The mafia, like anyone else, had the opportunity. They undoubtedly had the means. And mob leaders in the South (and Chicago) had ample motive.
They had supported Mr Kennedy and believed they had been crucial to his victory over Richard Nixon in 1960, in one of the closest elections in US history. Then Mr Kennedy appointed his brother, Robert, attorney general, who immediately launched a crusade against the mafia, leaving mob leaders feeling betrayed.
Carlos Marcello of New Orleans and Santo Trafficante of Tampa were extremely powerful and particularly aggrieved. Both had been major figures in the mafia-dominated economy of pre-Castro Cuba and were not only bitter about the Kennedy crackdown against organised crime but also the fiasco of the Bay of Pigs invasion and a sense that Washington was failing miserably to reverse the Cuban revolution and rescue their money.
Most significantly, perhaps, in 1961, the Kennedy Justice Department deported Marcello on highly dubious immigration charges, later overturned in court, to Guatemala. From Guatemala, Marcello was deported to El Salvador, and finally dumped in rural Honduras. He and his lawyer had to walk through more than 17 miles of high-altitude jungle, with no provisions, map or compass, before finally reaching a village.
Marcello's attorney reported that during this brutal ordeal, the ageing mafia kingpin collapsed three times and said he couldn't go any further, and repeatedly vowed vengeance against Robert Kennedy. He was a murderous man in a murderous rage by the time he finally made it back to the United States.
The motorcade was a wide-open opportunity. The mob bosses of Tampa, Chicago and, above all, New Orleans certainly had ample motive. The only question is: did mere gangsters really have the means to kill the US president?
1963 was still in the midst of the heyday of US mafia power. Marcello and Trafficante could have drawn on sophisticated assassins from around the US, or Italy and even France, even without the assistance or knowledge of the famous "five families" in New York City.
The biggest weakness of this possible explanation is how they manipulated Oswald into involvement. But Oswald's role isn't adequately explained by any other theory either. Ruby's murder of Oswald is rather less mysterious. Occam's Razor would suggest he was acting on orders from mafia superiors. He knew he had cancer and was dead by 1967.
Mr Landis’ account reinforces how implausible the official narrative is. US government involvement seems far-fetched and, above all, lacks a rational motive. Key mobsters, however, had the motive, means and opportunity. That's not proof, but it's not bad.
Who was Alfred Nobel?
The Nobel Prize was created by wealthy Swedish chemist and entrepreneur Alfred Nobel.
- In his will he dictated that the bulk of his estate should be used to fund "prizes to those who, during the preceding year, have conferred the greatest benefit to humankind".
- Nobel is best known as the inventor of dynamite, but also wrote poetry and drama and could speak Russian, French, English and German by the age of 17. The five original prize categories reflect the interests closest to his heart.
- Nobel died in 1896 but it took until 1901, following a legal battle over his will, before the first prizes were awarded.
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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.”
Sole survivors
- Cecelia Crocker was on board Northwest Airlines Flight 255 in 1987 when it crashed in Detroit, killing 154 people, including her parents and brother. The plane had hit a light pole on take off
- George Lamson Jr, from Minnesota, was on a Galaxy Airlines flight that crashed in Reno in 1985, killing 68 people. His entire seat was launched out of the plane
- Bahia Bakari, then 12, survived when a Yemenia Airways flight crashed near the Comoros in 2009, killing 152. She was found clinging to wreckage after floating in the ocean for 13 hours.
- Jim Polehinke was the co-pilot and sole survivor of a 2006 Comair flight that crashed in Lexington, Kentucky, killing 49.
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