New ways need be found to communicate to the public the true risks of radiation from crisis like the one at Japan's Fukushima nuclear plant without fanning overblown fears of an "apocalypse", scientists say.
Communication has to convey statistics about risks and at the same time address people's fears, especially when they concern atomic power.
Many experts say the March 11 tsunami, which has so far left 28,000 people dead or missing, is likely to have a greater impact on public health in Japan than radiation leaking from the plant.
Part of the problem is that many scientists are giving both good news and bad news, and that can sound contradictory. They acknowledge they find it hard to express risks in a way that can guide both governments and individuals.
Jim Smith of the University of Portsmouth and an expert on the Chernobyl nuclear disaster, said: "On the one hand, scientists are saying, 'Yes, it is very severe.' On the other, I personally don't expect the health effects to be very severe from the radiation."
As an illustration of the problem between personal and public reactions, the risk of a person living in a developed nation getting cancer is about one in three over a lifetime. A dose of 170 millisieverts - a level found on two workers exposed to radiation at the plant and taken to hospital - might raise the risk of getting cancer by about 1 in 100.
Yet in coming decades, millions of people in Japan who develop cancer are bound to wonder if they might have prevented it by moving farther from Fukushima. So for peace of mind, getting away altogether may make sense even when risk levels are small.
On the other hand, the stress of uprooting a life and family to move elsewhere may have a greater health impact.
Studies of previous nuclear accidents have found the psychological impact of anxiety about radiation, and the rush to get away from it, is very real.
And scientists presenting a study on heart attack rates in the years after Hurricane Katrina in the United States say there may be lessons for Japan, where anxiety about radiation may add to psychiatric problems.
The UN scientific committee on the effects of atomic radiation reckons that the average dose from the Chernobyl disaster in contaminated areas of the former Soviet Union works out as equivalent to a CT scan in a hospital.
Those doses "should not lead to substantial health effects in the general population," it said.
It said there have been 6,000 thyroid cancers among people under 18 at the time - an unusually high number. Another UN report estimated that Chernobyl might eventually cause 4,000 to 9,000 deaths from cancer. Greenpeace, which opposes nuclear power, has estimated 93,000.
Little surprise then that people get confused and find reason to doubt almost all information.
In the case of Fukushima, many Japanese doubt the government; some scientists who say the health risks are slight have been denounced as stooges of the nuclear industry; and environmentalists may want to exaggerate risks as part of wider campaigns against nuclear power.
Nicholas Pidgeon, a professor of psychology at Cardiff University in Wales, said: "We worry about things where we don't trust the authorities. The nuclear industry has a long legacy of being fairly secretive since it grew out of the Cold War."
But experts should still try to get risk messages across.
"Don't be afraid to use statistics," said Mr Pidgeon, pointing out as an example that people fleeing Japan might be exposed on an intercontinental flight to doses of solar radiation higher than those they might have received by staying put.
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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.”
David Haye record
Total fights: 32
Wins: 28
Wins by KO: 26
Losses: 4
The specs
- Engine: 3.9-litre twin-turbo V8
- Power: 640hp
- Torque: 760nm
- On sale: 2026
- Price: Not announced yet
Company%20profile
%3Cp%3E%3Cstrong%3EName%3A%3C%2Fstrong%3E%20Belong%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Dubai%3Cbr%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20Michael%20Askew%20and%20Matthew%20Gaziano%3Cbr%3E%3Cstrong%3ESector%3A%3C%2Fstrong%3E%20Technology%3Cbr%3E%3Cstrong%3ETotal%20funding%3A%3C%2Fstrong%3E%20%243.5%20million%20from%20crowd%20funding%20and%20angel%20investors%3Cstrong%3E%3Cbr%3ENumber%20of%20employees%3A%3C%2Fstrong%3E%2012%3C%2Fp%3E%0A
Polarised public
31% in UK say BBC is biased to left-wing views
19% in UK say BBC is biased to right-wing views
19% in UK say BBC is not biased at all
Source: YouGov
ONCE UPON A TIME IN GAZA
Starring: Nader Abd Alhay, Majd Eid, Ramzi Maqdisi
Directors: Tarzan and Arab Nasser
Rating: 4.5/5
UAE currency: the story behind the money in your pockets
MATCH INFO
West Ham United 2 (Antonio 73', Ogbonna 90 5')
Tottenham Hotspur 3 (Son 36', Moura 42', Kane 49')
How to wear a kandura
Dos
- Wear the right fabric for the right season and occasion
- Always ask for the dress code if you don’t know
- Wear a white kandura, white ghutra / shemagh (headwear) and black shoes for work
- Wear 100 per cent cotton under the kandura as most fabrics are polyester
Don’ts
- Wear hamdania for work, always wear a ghutra and agal
- Buy a kandura only based on how it feels; ask questions about the fabric and understand what you are buying
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Director: James Cameron
Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana
Rating: 4.5/5
Real estate tokenisation project
Dubai launched the pilot phase of its real estate tokenisation project last month.
The initiative focuses on converting real estate assets into digital tokens recorded on blockchain technology and helps in streamlining the process of buying, selling and investing, the Dubai Land Department said.
Dubai’s real estate tokenisation market is projected to reach Dh60 billion ($16.33 billion) by 2033, representing 7 per cent of the emirate’s total property transactions, according to the DLD.
UAE currency: the story behind the money in your pockets
MATCH INFO
Day 1 at Mount Maunganui
England 241-4
Denly 74, Stokes 67 not out, De Grandhomme 2-28
New Zealand
Yet to bat
Global state-owned investor ranking by size
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United States
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2.
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China
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3.
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UAE
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4.
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Japan
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5
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Norway
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6.
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Canada
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Singapore
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Australia
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Saudi Arabia
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South Korea
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MATCH INFO
Manchester United 1 (Rashford 36')
Liverpool 1 (Lallana 84')
Man of the match: Marcus Rashford (Manchester United)
How to avoid crypto fraud
- Use unique usernames and passwords while enabling multi-factor authentication.
- Use an offline private key, a physical device that requires manual activation, whenever you access your wallet.
- Avoid suspicious social media ads promoting fraudulent schemes.
- Only invest in crypto projects that you fully understand.
- Critically assess whether a project’s promises or returns seem too good to be true.
- Only use reputable platforms that have a track record of strong regulatory compliance.
- Store funds in hardware wallets as opposed to online exchanges.