In 1993, when a young – and mostly unknown – actress won an Oscar for her dazzling comic turn in the hilarious film, My Cousin Vinny, a lot of people thought that there had been a mistake. The presenter that night was Hollywood icon Jack Palance, an actor who had appeared in dozens of westerns and who was by 1993 just this side of doddering. Maybe even a bit on the other side, truth be told. He opened the envelope to present the Best Supporting Actress award and seemed to pause a bit and lose his concentration before he announced the winner.
The other nominees were an almost diabolically-assembled group of heavy-hitting actresses. Vanessa Redgrave was up that year, as was the widow of Laurence Olivier, Joan Plowright. Long-time stage and screen leading women Judy Davis and Miranda Richardson rounded out the nominees. Marisa Tomei – young, untested, fresh from a role on a daytime television drama – seemed like the very longest of long shots, so when a befuddled Palance called out her name, a lot of people wondered if maybe he had done a little last-minute freelancing and the Academy of Motion Picture Arts and Sciences had just decided that it was less embarrassing to just let it go.
There were, of course, perfectly good reasons why we can be sure Tomei truly won that award on the square. First, her performance was terrific, and the Academy regularly hands the Best Supporting awards to newcomers who make a noticeable splash. Second, the collection of old-timers she was up against probably split a lot of votes among them, leaving Tomei to scoop up a winning plurality. Finally, these things are tough to hide, and even tougher to cover up. At some point in the ensuing 24 years, someone would have unearthed the true vote tally.
The reason this rumour has lasted so long, though, is because people – especially people in Hollywood – can’t imagine a world in which every flaw and blemish isn’t instantly vanished with make-up, special effects, plastic surgery or clever accounting. Hollywood is a place where mistakes simply don’t exist. They happen, of course – no one and no industry is immune to error – but in Hollywood we have plenty of time and tools to smooth over the rough spots. If Jack Palance blurted out the wrong name, goes the conspiracy theory, the powers that rule the entertainment industry would swoop in with airbrushes and cover stories and rewrite the ballot results.
That’s what we do in Hollywood. We fix mistakes before the audience sees them. When an actor flubs a line, we call “Cut!” And we do it again. When an actress trips over her own feet, we call “Back to One!” And everyone goes back to their first positions to restart the scene. A movie or television set is a symphony of mistakes and pratfalls and do-overs that the audience never knows about.
When we make a film requiring special visual effects, we erase the guidelines that control the model of the spaceship, we digitally enhance the laser blast from the hero’s weapon, we create tidal waves and car crashes and entire battlefields where there were only a couple of actors moving against a bright green backdrop. If an actor or actress shows up for work a bit puffy and red-eyed from a too-late evening, the hair and make-up departments go to work and transform them back into objects of allure. We can even give a bald man a thick head of hair.
So a few nights ago, when Warren Beatty and Faye Dunaway – both, it needs to be said, entering the Jack Palance phase of their careers – opened the Best Picture award envelope and announced the wrong winner, you could almost hear the audience gathered in the Kodak Theater on Hollywood Boulevard call out a collective “Cut!” You could see the entertainment industry professionals squirming in their seats as they watched one of the only real disasters anyone in show business can imagine unfolding, which is a mistake that cannot be reshot, covered over or erased by special effects.
What happened on the Oscar stage that night was a spontaneous eruption of reality and Hollywood hates that more than anything.
Beatty and Dunaway are iconic old-style movie stars. Both of them are legendary for demanding the perfect wrinkle-erasing lighting effects and soft-focus close-ups. Beatty especially is a perfection-driven director and producer, someone known for endless rewrites and multiple takes. Dunaway, it is said, rarely emerges in public in anything less than full make-up and perfect hair. You couldn’t have asked, in other words, for a more appropriate duo to deliver an unfixable slap to Hollywood’s obsession with making everything look seamless.
“Never show the wires,” is an old show business axiom. But as media becomes more spontaneous and homemade – Snapchat videos, Facebook Live posts, YouTube channels and the like – the audience is becoming more interested in the wires and less in the illusion. People watching the Oscars on television last Sunday night were delighted by the crazy and unexpected moment when the wrong winner was announced. They loved the awkward and unrehearsed way the true winner was brought to the stage. The people watching from inside the theatre hated every minute of it. Too bad for them.
Rob Long is a writer and producer in Hollywood
On Twitter: @rcbl
Emergency
Director: Kangana Ranaut
Stars: Kangana Ranaut, Anupam Kher, Shreyas Talpade, Milind Soman, Mahima Chaudhry
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
The specs: 2018 Mercedes-AMG C63 S Cabriolet
Price, base: Dh429,090
Engine 4.0-litre twin-turbo V8
Transmission Seven-speed automatic
Power 510hp @ 5,500rpm
Torque 700Nm @ 1,750rpm
Fuel economy, combined 9.2L / 100km
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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.”
Sunday's games
All times UAE:
Tottenham Hotspur v Crystal Palace, 4pm
Manchester City v Arsenal, 6.15pm
Everton v Watford, 8.30pm
Chelsea v Manchester United, 8.30pm
Adele: The Stories Behind The Songs
Caroline Sullivan
Carlton Books
The specs
Engine: 4.0-litre flat-six
Torque: 450Nm at 6,100rpm
Transmission: 7-speed PDK auto or 6-speed manual
Fuel economy, combined: 13.8L/100km
On sale: Available to order now
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Vidaamuyarchi
Director: Magizh Thirumeni
Stars: Ajith Kumar, Arjun Sarja, Trisha Krishnan, Regina Cassandra
Rating: 4/5
How to apply for a drone permit
- Individuals must register on UAE Drone app or website using their UAE Pass
- Add all their personal details, including name, nationality, passport number, Emiratis ID, email and phone number
- Upload the training certificate from a centre accredited by the GCAA
- Submit their request
What are the regulations?
- Fly it within visual line of sight
- Never over populated areas
- Ensure maximum flying height of 400 feet (122 metres) above ground level is not crossed
- Users must avoid flying over restricted areas listed on the UAE Drone app
- Only fly the drone during the day, and never at night
- Should have a live feed of the drone flight
- Drones must weigh 5 kg or less
The Good Liar
Starring: Helen Mirren, Ian McKellen
Directed by: Bill Condon
Three out of five stars