Galt Global Review

QFS 360

April 15, 2003
business digest


European Roundup
by Mario Cacciottolo

headlines:
Learn to relax with a little "Breathing Space"
Higher education supports both personal and community health
Lloyd's returns to profitability
European Union discusses "hard core" alternative to NATO


Learn to relax with a little "Breathing Space"
Scientists at Dublin's have developed a computer game controlled, not by the conventional methods of a joystick or mouse, but by the player's breathing.

Sensors placed on the player's body control on-screen characters. The game's controls then monitor breathing and only move the characters if the player breathes in the right way. The sensors, which are placed on a player's waist and ribcage, measure the expansion and contraction of their diaphragm.

The game is designed for hospitalised children as a way of helping them cope with boredom during long periods of bed rest and recuperation.

The first version of the game, called Breathing Space, tries to make players relax by forcing them to do things that calm them down and involves controlling a flying dragon to move along a valley and fly through rings of fire.

Breathing deeply causes the dragon to rise up; not breathing causes it to fall to the bottom of the valley.

The Media Lab Europe research group is also working on other ways to alter people's moods through using computers or through playing computer games.

Higher education supports both personal and community health
A new report claims university graduates are less depressed, healthier and more likely to vote in elections than those who do not acquire a higher education.

The Higher Education Funding Council for England (HEFCE) along with researchers at the Institute of Education also found graduates of higher education were more likely to become involved with their own children's education.

Experts suggest that graduates receive further benefits from higher education other than those normally associated with a degree, such as better pay and increased career prospects.

"On average, graduates are less likely to smoke, are less obese, have a higher sense of well-being, and read more to their children. They are also more likely to be involved with their children's school's Parent Teacher Association (PTAs), hold more tolerant attitudes towards other races, and are more likely to be involved in their communities through voluntary activities" states HEFCE.

The study also found that the benefits of higher education to graduates are evident across gender, age group and social class. On the other hand, students who dropped out of higher education before graduation showed a reduction in the indicators of good health compared with those who completed their studies and gained a degree.

Sir Howard Newby, Chief Executive of the HEFCE, said, "Higher education is a key driver in providing economic and social benefits. Not only are the knowledge, skills and attitudes of graduates critical to business success, they also contribute strongly to civilising and cultural values in society and delivering other social gains. Increasing the number of graduates brings considerable benefits to communities and society."

Lloyd's returns to profitability
For the first time in six years, Lloyd's of London made a profit. The world's oldest and largest insurance market made £834m ($1.3 billion) in 2002, after losing £3.1 billion during the previous year.

The result is in line with their expectations and marks a strong return to profitability for the market.

Lloyd's Chief Executive Nick Prettejohn said, "These results demonstrate a very strong performance. It was the market's resilience and disciplined approach, at a time when the industry as a whole has faced many difficulties, that generated 2002's healthy result."

During 2002, the net resources of the Society and its members increased by 85% to £7,509 million (from £4,052 million in 2001).

The world's biggest re-insurer, Munich Re, also reported a profit of euro 1.1 billion ($1.0 billion) for 2002.

European Union discusses "hard core" alternative to NATO
Belgium has proposed the creation of a "hard core" of European Union countries, beginning with itself, France and Germany, to form a defence group separate and distinct from NATO.

The European Union has since 1992, been slowly moving toward a military capability, mainly focused on supporting peacekeeping missions.

Amid intense debate over whether an EU military force was a justifiable move, the process has since gathered steam. However, due to issues with available forces and funds, as well as continued political questions regarding relations with NATO, it remains unclear when and how such a force would be used.

The Belgians also seemed to imply that Britain is too close to America to be part of the new group. The idea is due for discussion on April 29th.