Galt Global Review

QFS 360

 
December 28, 2006

THE GALT GLOBAL REVIEW:
Positive Global News Events of 2006


by The Editor


Please enjoy our end of year “round-up” of some of the more positive news events, trends, research and initiatives that occurred in 2006.

Congratulations! You are Time magazine’s “Person of the Year.”
The annual honour for 2006 went to each and every one of us – “citizens of the new digital democracy” - as Time Magazine cited the shift from institutions to individuals. As stated in Time: ”Look at 2006 through a different lens and you'll see another story, one that isn't about conflict or great men. It's a story about community and collaboration on a scale never seen before. It's about the cosmic compendium of knowledge Wikipedia and the million-channel people network YouTube and the online metropolis MySpace.”

This year’s winners included anyone creating innovative content on the World Wide Web; what Silicon Valley consultants are now calling Web 2.0.

“If you choose an individual, you have to justify how that person affected millions of people,'' said Richard Stengel, who took over as Time's managing editor earlier this year. “But if you choose millions of people, you don't have to justify it to anyone.''

The magazine did cite 26 “People Who Mattered,'' (for better and for worse) from North Korean dictator Kim Jong Il to Pope Benedict XVI to President Bush, Vice President Dick Cheney and former Defense Secretary Donald Rumsfeld.

This is not the first time the magazine has strayed away from naming an actual person for its “Person of the Year'' award. In 1966, the 25-and-under generation was cited; in 1975, American women were named; and in 1982, the computer was chosen.

Said Stengel, “We just felt there wasn't a single person who embodied this phenomenon.''

Increased Spending of Renewable Energy for 2006
New Energy Finance, a UK corporation that prepares analyses for investors in the fields of renewable energy and biofuel low-carbon technologies, recently stated that the past year saw a surge in the development of these fields.

According to New Energy Finance, in 2006 more than $100 billion in financing was made available to various renewable energy projects. The corporation also estimated that wind energy raised $1.2 billion worldwide on the public markets, compared to $1.1 billion in 2005. The investment in wind was driven in part by the production tax credit in the U.S.

New Energy Finance stated that the reason for the large quantities of transaction is partly due to the fact that there were many clean energy-related independent public offerings (IPOs). According to the company, interest in clean energy-related independent public offerings (IPOs) was exceptionally strong in the first four months of the year, following President Bush's "addiction to oil" remarks in his State of the Union address.

According to the corporation, there are several promising IPO's ready for 2007, particularly in the areas of biofuels, solar energy and wind technologies.

Optimists may have longer lives
People who are optimistic in their youth have a greater chance of living to old age than their pessimistic peers, a long-term study recently published in the Mayo Clinic Proceedings medical journal has found.

The study, led by Dr Beverly H. Brummett of Duke University Medical Center in Durham, North Carolina, followed approximately 7,000 people for the last 40 years.

Amongst their citings, researchers found that, on the average, pessimists are “42 per cent more likely to die of any cause than the most positive participants,” Reuters reported.

The results are similar to a number of past studies on personality factors and health, including research that has linked optimism to longer life. One study of elderly adults found that those with a positive view of the future were less likely than pessimists to die over the next decade -- regardless of their health at the start of the study.

Reuters quoted Dr Brummett as saying that “There are many aspects of personality that can be modified to a certain degree if an individual is motivated to do so.'

Canada sets biofuel targets
The Canadian government has set 2010 as the benchmark for at least five per cent of its gasoline to contain more air-friendly biofuels, and two per cent of its diesel by 2012.

Looking at different ways to encourage and increase more biofuel production, the Canadian government will give tax incentives, pay for a percentage of production costs, and help fund research and development. It will also offer incentives to farmers to invest in new plants that can be used in Canadian biofuels production.

Canada is already the largest producer of canola oil, which it exports for use in Europe's biodiesel industry. Canadian canola producers say if they can get government help then they can supply the Canadian biodiesel industry as well.

As Reuters reported: “The regulations could take at least two years to develop, and the government plans consultations and studies through 2007.”


Technology Links Families Together
In an attempt to bring far-flung family members together again, technology consulting company Accenture is working on developing a system that will allow relatives to meet – virtually – as often as they’d like. Called “The Virtual Family Dinner,” the concept is just as the title suggests. As one sits down to dinner, the system lets the dining table extend virtually into a screen where their family and friends sit down to their meal as well. The system works much like a Web camera with a big screen, and the “Virtual Family Dinner” will incorporate computers, television sets and broadband setups already available in many people’s homes.

With a prototype expected to be available within the next two years, the system is estimated to cost about $500 to $1000 per household.

“We are trying to really bring back the kind of family interactions we used to take for granted,'' said Dadong Wan, a senior researcher for Accenture.


Australia to build largest solar plant
As part of a strategy to address the realities of global warming, the Australian government has pledged $95 million in funding for two major projects, one of which is the construction of the world's largest solar power plant.

Criticized over its refusal to sign the Kyoto Protocol on reducing greenhouse gas emissions, the government has decided to contribute $57 million to build a 154 megawatt solar power plant in Victoria state. The plant will use mirrored panels to concentrate the sun's rays, Treasurer Peter Costello said in a press release.

The plant, which is to be built by the Melbourne-based company, Solar Systems, begins operations in 2008 and is estimated to reach full capacity by 2013.

''The project aims to build the biggest photovoltaic project in the world,'' Costello told The Australian Broadcasting Corporation.

The government also announced that it will help fund a project to reduce carbon emissions from an existing coal-fired power house in Victoria. Environmental groups and opposition lawmakers have been urging the government to do more to address Australia's reputation as one of the world's worst greenhouse gas polluter per capita.