In the same week as Elon Musk's fortune rose to an estimated $115 billion, the world's third richest person introduced a pig named Gertrude to the world.
Gertrude has recently had a computer chip implanted in her brain to demonstrate the capabilities of wireless brain-computer interfaces. Describing the technology as a “Fitbit in your skull”, Mr Musk said it was able to predict movement with a high degree of accuracy.
In time, it could help develop treatments to neurological conditions, such as Alzheimer’s or dementia, the degenerative disorder that is typically associated with memory loss, disorientation and mood changes and occurs most commonly in the over 60s.
Dr Alois Alzheimer first identified the condition in 1906, yet there is still no effective treatment for dementia, although a few drugs can sometimes keep the condition at bay temporarily in some people. Too often, however, such treatment proves to be a small sticking plaster applied to a large gaping wound.
The technology, which is being trialled through Mr Musk’s start-up venture Neuralink, is regarded as a significant leap forward by some, although others are more sceptical. The company has been provided with more than $150 million worth of funding – most of it from the billionaire himself – to undertake further research. Human trials are some distance away, but this line of inquiry has some possibilities.
The Dementia Statistics Hub estimates that the care cost of the disease globally is around $1trillion annually and will probably double by 2030. Populations are growing older and life expectancy has risen over the past several decades. The same organisation reports that the cost of dementia to the global health sector is more than cancer and heart disease put together, while also noting that Alzheimer's receives relatively small amounts of investment funding.
A new case is diagnosed every three seconds. And yet dementia organisations find it hard to attract more funding
Other statistics paint an equally stark picture: a new case is diagnosed every three seconds. More than 45m people globally were said to be living with dementia five years ago. That number is expected to double every two decades, according to Alzheimer's Disease International.
This year's coronavirus pandemic has delivered misery to many communities around the world, straining economies and health care systems. The total cost of the crisis globally is estimated by the World Economic Forum to be around $10tn.
The human cost in terms of loss of family, livelihood, education and general well-being, among other consequences, is almost too grave to contemplate. Most of us believe, however, that the despair of the pandemic will substantially subside at some point. Our hunch is that an effective treatment can and will be found.
The intersection between dementia and the pandemic is particularly bleak.
In the UK, the Office of National Statistics reported that there were 30,000 more deaths among care home residents in the three-month period that marked the worst of the Covid-19 outbreak in Britain this year, when compared to the same time frame in 2019.
Two-thirds of those excess deaths were reported to have been directly caused by coronavirus infection, highlighting the vulnerability of those in care homes to wider health issues.
In a crisis of few good news stories, the race to find a coronavirus vaccine is one of the most positive narratives. More than 150 Covid-19 vaccines are reported to be in development. Russian officials say they can produce up to 500m doses of its Sputnik V vaccine in the next year.
So why do dementia organisations find it hard to attract more funding when Alzheimer’s is a curse as cruel as Covid-19?
That much is hard to fathom. The Economist newspaper this week described dementia as "the forgotten problem", which is both a perfect summation of the relatively low ranking that the disease occupies in many governments' list of priorities and may also be a play on words too far for those who have had to watch as a loved one had their identity stolen by the condition.
I have lived some of that experience. My late mother survived for nine years after formal diagnosis, gradually descending deeper into the dark cavern of the degenerative disease, which robbed her of her cognitive and motor abilities.
Relatives rarely forget the traumas of seeing someone torn asunder in this manner. “She has dementia” become the three words by which you define your loved one in their final years. It is a short sentence that explains everything and yet leaves so much unsaid about the terrible realities of the condition.
I can provide no prescription to tackle this incurable disease in this column, except that the collective response to the global pandemic of 2020 has been extraordinary and that gives me hope.
The cost and threat to our societies posed by dementia is smaller and less disruptive than Covid-19, but no less heartbreaking or urgent and, crucially, every year it compounds. Our best defence against dementia at the moment is to live a healthy, active and inquisitive lifestyle. We should be able to do better than that by now.
Governments and institutions have been galvanised into action to develop a vaccine and to reduce our risk and exposure to Covid-19. Perhaps the same can be achieved with dementia treatment. We must find the will to win the war with Alzheimer’s before it overwhelms societies and economies. Time is running out.
Nick March is an assistant editor-in-chief at The National
The specs
Engine: 1.6-litre 4-cyl turbo and dual electric motors
Power: 300hp at 6,000rpm
Torque: 520Nm at 1,500-3,000rpm
Transmission: 8-speed auto
Fuel consumption: 8.0L/100km
Price: from Dh199,900
On sale: now
The specs: 2018 Maserati GranTurismo/GranCabrio
Price, base Dh485,000 (GranTurismo) and Dh575,000 (GranCabrio)
Engine 4.7L V8
Transmission Six-speed automatic
Power 460hp @ 7,000rpm
Torque 520Nm @ 4,750rpm
Fuel economy, combined 14.3L (GranTurismo) and 14.5L (GranCabrio) / 100km
Virtual banks explained
What is a virtual bank?
The Hong Kong Monetary Authority defines it as a bank that delivers services through the internet or other electronic channels instead of physical branches. That means not only facilitating payments but accepting deposits and making loans, just like traditional ones. Other terms used interchangeably include digital or digital-only banks or neobanks. By contrast, so-called digital wallets or e-wallets such as Apple Pay, PayPal or Google Pay usually serve as intermediaries between a consumer’s traditional account or credit card and a merchant, usually via a smartphone or computer.
What’s the draw in Asia?
Hundreds of millions of people under-served by traditional institutions, for one thing. In China, India and elsewhere, digital wallets such as Alipay, WeChat Pay and Paytm have already become ubiquitous, offering millions of people an easy way to store and spend their money via mobile phone. Indonesia, Vietnam and the Philippines are also among the world’s biggest under-banked countries; together they have almost half a billion people.
Is Hong Kong short of banks?
No, but the city is among the most cash-reliant major economies, leaving room for newcomers to disrupt the entrenched industry. Ant Financial, an Alibaba Group Holding affiliate that runs Alipay and MYBank, and Tencent Holdings, the company behind WeBank and WeChat Pay, are among the owners of the eight ventures licensed to create virtual banks in Hong Kong, with operations expected to start as early as the end of the year.
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Squid Game season two
Director: Hwang Dong-hyuk
Stars: Lee Jung-jae, Wi Ha-joon and Lee Byung-hun
Rating: 4.5/5
Info
What: 11th edition of the Mubadala World Tennis Championship
When: December 27-29, 2018
Confirmed: men: Novak Djokovic, Rafael Nadal, Kevin Anderson, Dominic Thiem, Hyeon Chung, Karen Khachanov; women: Venus Williams
Tickets: www.ticketmaster.ae, Virgin megastores or call 800 86 823
Skoda Superb Specs
Engine: 2-litre TSI petrol
Power: 190hp
Torque: 320Nm
Price: From Dh147,000
Available: Now
Zayed Sustainability Prize
Bio
Born in Dibba, Sharjah in 1972.
He is the eldest among 11 brothers and sisters.
He was educated in Sharjah schools and is a graduate of UAE University in Al Ain.
He has written poetry for 30 years and has had work published in local newspapers.
He likes all kinds of adventure movies that relate to his work.
His dream is a safe and preserved environment for all humankind.
His favourite book is The Quran, and 'Maze of Innovation and Creativity', written by his brother.
25-MAN SQUAD
Goalkeepers: Francis Uzoho, Ikechukwu Ezenwa, Daniel Akpeyi
Defenders: Olaoluwa Aina, Abdullahi Shehu, Chidozie Awaziem, William Ekong, Leon Balogun, Kenneth Omeruo, Jamilu Collins, Semi Ajayi
Midfielders: John Obi Mikel, Wilfred Ndidi, Oghenekaro Etebo, John Ogu
Forwards: Ahmed Musa, Victor Osimhen, Moses Simon, Henry Onyekuru, Odion Ighalo, Alexander Iwobi, Samuel Kalu, Paul Onuachu, Kelechi Iheanacho, Samuel Chukwueze
On Standby: Theophilus Afelokhai, Bryan Idowu, Ikouwem Utin, Mikel Agu, Junior Ajayi, Valentine Ozornwafor
Zayed Sustainability Prize
How the UAE gratuity payment is calculated now
Employees leaving an organisation are entitled to an end-of-service gratuity after completing at least one year of service.
The tenure is calculated on the number of days worked and does not include lengthy leave periods, such as a sabbatical. If you have worked for a company between one and five years, you are paid 21 days of pay based on your final basic salary. After five years, however, you are entitled to 30 days of pay. The total lump sum you receive is based on the duration of your employment.
1. For those who have worked between one and five years, on a basic salary of Dh10,000 (calculation based on 30 days):
a. Dh10,000 ÷ 30 = Dh333.33. Your daily wage is Dh333.33
b. Dh333.33 x 21 = Dh7,000. So 21 days salary equates to Dh7,000 in gratuity entitlement for each year of service. Multiply this figure for every year of service up to five years.
2. For those who have worked more than five years
c. 333.33 x 30 = Dh10,000. So 30 days’ salary is Dh10,000 in gratuity entitlement for each year of service.
Note: The maximum figure cannot exceed two years total salary figure.
Milestones on the road to union
1970
October 26: Bahrain withdraws from a proposal to create a federation of nine with the seven Trucial States and Qatar.
December: Ahmed Al Suwaidi visits New York to discuss potential UN membership.
1971
March 1: Alex Douglas Hume, Conservative foreign secretary confirms that Britain will leave the Gulf and “strongly supports” the creation of a Union of Arab Emirates.
July 12: Historic meeting at which Sheikh Zayed and Sheikh Rashid make a binding agreement to create what will become the UAE.
July 18: It is announced that the UAE will be formed from six emirates, with a proposed constitution signed. RAK is not yet part of the agreement.
August 6: The fifth anniversary of Sheikh Zayed becoming Ruler of Abu Dhabi, with official celebrations deferred until later in the year.
August 15: Bahrain becomes independent.
September 3: Qatar becomes independent.
November 23-25: Meeting with Sheikh Zayed and Sheikh Rashid and senior British officials to fix December 2 as date of creation of the UAE.
November 29: At 5.30pm Iranian forces seize the Greater and Lesser Tunbs by force.
November 30: Despite a power sharing agreement, Tehran takes full control of Abu Musa.
November 31: UK officials visit all six participating Emirates to formally end the Trucial States treaties
December 2: 11am, Dubai. New Supreme Council formally elects Sheikh Zayed as President. Treaty of Friendship signed with the UK. 11.30am. Flag raising ceremony at Union House and Al Manhal Palace in Abu Dhabi witnessed by Sheikh Khalifa, then Crown Prince of Abu Dhabi.
December 6: Arab League formally admits the UAE. The first British Ambassador presents his credentials to Sheikh Zayed.
December 9: UAE joins the United Nations.
Tamkeen's offering
- Option 1: 70% in year 1, 50% in year 2, 30% in year 3
- Option 2: 50% across three years
- Option 3: 30% across five years
Silent Hill f
Publisher: Konami
Platforms: PlayStation 5, Xbox Series X/S, PC
Rating: 4.5/5
Left Bank: Art, Passion and Rebirth of Paris 1940-1950
Agnes Poirer, Bloomsbury