REVEALED: THE INCREASE IN CANADA'S SOCIAL VALUE FROM GETTING MORE ACTIVE
EDMONTON, AB, Aug. 12, 2022
FITNESS INDUSTRY COUNCIL OF CANADA PUTS A NUMBER ON THE SAVINGS MADE THROUGH ACTIVE LIFESTYLES
EDMONTON, AB, Aug. 12, 2022 /CNW/ - Fitness Industry Council of Canada (FIC) today reveals the enormous savings to the Canadian taxpayer and economy through the benefits of engaging in sport and physical activity, demonstrating how Canada could reap even bigger rewards from encouraging more people to get active.
Using the highly-regarded Social Value Calculator from the British sports and data consultancy 4GLOBAL, FIC has produced a report drawing on research methodology from Sheffield Hallam University (SHU) in England, and is encouraged to reveal that:
- The total value of health savings generated by sport and physical activity in 2019 was CAN$23.4 billion
- Over 2.2 million cases of health conditions were prevented in 2019, as a result of sport and physical activity, including over 600,000 each for Coronary Heart Disease, Type 2 Diabetes and Depression
The findings from the report – using the most recent data from before the arrival of the COVID-19 pandemic – builds on FIC's increasing body of research into the costs of not being physically active, which highlights the benefits to both health outcomes and the Canadian economy impacted from the result of encouraging people to take part in more sport and exercise.
In June of this year, FIC shared a study (co-produced by IHRSA and Deloitte) on the Economic Health and Societal Well-Being of the Impact of the Global Health and Fitness Sector (2022) which concluded that productivity loss, due to lack of sufficient physical activity, was valued at USD$7.9 billion annually. The same study concluded that inactivity costs the Canadian healthcare system USD$3.9 billion – of which USD$2.7 billion is borne by public health systems.
Heart disease alone costs at least USD$22 billion a year to treat in Canadai, suggesting the further untapped benefits to getting people more active are potentially huge.
"The fitness industry is about much more than physical and mental health. Our social health – community, accountability, and most importantly friendship – is as important as the bricks and mortar of our clubs. We are invested in health from every angle, and are essential for social health to rise.", said current FIC President Sara Hodson.
"The fitness industry has evolved in the last few years, and our role isn't simply about physical and mental health. We are essential for social health: the gym is a place where you meet your friends, form a community and find accountability, strength and support. It is time to place a value on social health as much as squats and our running cadence!", added Hodson.
4GLOBAL's Social Value Calculator is widely used by municipal authorities and sport and leisure operators in the United Kingdom to help allocate and target resources towards communities and demographic groups which would benefit the most from increased physical activity.
The method used for the health valuation of sport and physical activity in Canada aligns with globally recognised research, previously delivered by Sheffield Hallam University on behalf of governments and national sports agencies.
Data sources for this report include the Canadian Government's own health monitoring program, as well as research from nationally recognised health charities such as Diabetes Canada.
The objective was to calculate the number of cases of ill health prevented in Canada due to physical activity. In total, seven health conditions and sport injuries were analysed using 2019 data, including Type 2 Diabetes, Depression, and Dementia.
4GLOBAL used the estimated number of potential cases averted by sport and physical activity participation, with the average annual cost per person diagnosed with the condition, to calculate the total valuation of sport and physical activity in Canada for the 2019 calendar year.
The company estimated the potential number of cases averted by taking into account the reduced risk of disease among physically active adults; the actual prevalence of disease in the Canadian population; and, the proportion and absolute size of the Canadian population meeting the Canadian Physical Activity and Sedentary Behaviour Guidelines .
Another objective of the study was to understand the contribution of the fitness industry to the national picture, to support with advocacy and development of industry as a whole. Using sector data available in Canada combined with assumptions from the Social Value Calculator in the UK, 4GLOBAL and SHU identified that CAN$6.19 billion of the total Canadian social value can be attributable to activity undertaken in health and fitness clubs.
Commenting on the report, Eloy Mazon, Chief Executive Officer of 4GLOBAL, said: "Like many advanced nations, Canada is trying to work out how to not just recover from the pandemic, but also how to build a healthier and more resilient society.
"Analysis of the right data sets is key to understanding how to make changes and allocate resources, to best ensure people find it easy and rewarding to get more active. 4GLOBAL is proud to be able to work with Fitness Industry Council of Canada to support their mission to raise health outcomes in the country."
SOURCE Fitness Industry Council of Canada
The metaverse is real: Zuck’s ‘incredible’ photorealistic tech wows crypto twitter
Often roasted for his metaverse tech demos, Zuckerberg appears to have blown away internet users with his latest avatar tech.
Often roasted for his metaverse tech demos, Zuckerberg appears to have blown away internet users with his latest avatar tech.
While critics have been busy writing eulogies for Meta’s metaverse dream over the last few years, Mark Zuckerberg’s latest demonstration of its photorealistic avatars shows it could be pretty far from dead after all.
Appearing on a Sept. 28 episode of the Lex Fridman podcast, Zuckerberg and the popular computer scientist engaged in a one-hour face-to-face conversation. Only, it wasn’t actually in person at all.
Instead, the entirety of Fridman and Zuckerberg’s conversation used photorealistic realistic avatars in the metaverse, facilitated through Meta’s Quest 3 headsets and noise-canceling headphones.
Here's my conversation with Mark Zuckerberg, his 3rd time on the podcast, but this time we talked in the Metaverse as photorealistic avatars. This was one of the most incredible experiences of my life. It really felt like we were talking in-person, but we were miles apart It's… pic.twitter.com/Nu8a3iYWm0— Lex Fridman (@lexfridman) September 28, 2023
However, in this case, users on social media, including those from Crypto Twitter, seemed to be genuinely impressed by the sophistication of the technology.
The Metaverse has upgraded pic.twitter.com/QT1LAkjQGB— Dexerto (@Dexerto) September 28, 2023
“Ok the metaverse is officially real,” wrote pseudonymous account Gaut, a rare moment of seemingly genuine praise from a user typically known for his satirical and sarcastic takes on current events.
“9 minutes into Lex / Mark metaverse podcast I forgot I was watching avatars,” wrote coder Jelle Prins.
Fridman alsoshared his impressions of the experience in real-time, noting how “close” Zuckerberg felt to him during the interview. Moments later, he explained how difficult it was to recognize that Zuckerberg’s avatar wasn’t his physical body.
“I’m already forgetting that you’re not real.”
The technology on display is the newest version of Codec Avatars. First revealed in 2019, Codec Avatars is one of Meta’s longest-running research projects which aims to create fully photorealistic real-time avatars that work by way of headsets with face tracking sensors.
However, users may need to wait a few years before donning their own realistic avatars, said Zuckerberg, explaining that the tech used requires expensive machine learning software and full head scans by specialized equipment featuring more than 100 different cameras.
This would be, at the very least, three years away from being available to everyday consumers, he said.
Still, Zuckerberg noted that the company wants to reduce the barriers as much as possible, explaining that in the future, these scans may be achievable with a regular smartphone.
The most-recent demonstration comes just one day after Meta unveiled its answer to ChatGPT, revealing its newest AI assistant Meta AI, which is integrated across a range of unique chatbots, apps and even smart glasses.crypto crypto
New Tables Show Intermediate-Term Overview is Negative
We have introduced two new tables in the DecisionPoint ALERT to give an overview of trend and BIAS for the major market indexes, sectors, and industry…
We have introduced two new tables in the DecisionPoint ALERT to give an overview of trend and BIAS for the major market indexes, sectors, and industry groups that we track. The first is our Market Scoreboard, which shows the current Intermediate-Term and Long-Term Trend Model (ITTM and LTTM) signal status. To review:
- The IT Trend Model generates a BUY Signal when the 20-day EMA crosses up through the 50-day EMA (Silver Cross).
- The IT Trend Model generates a NEUTRAL Signal when the 20-day EMA crosses down through the 50-day EMA (Dark Cross) above the 200-day EMA. This is a soft SELL Signal, going to cash or a hedge. It avoids being short in a bull market.
- The IT Trend Model generates a SELL Signal when the 20-day EMA crosses down through the 50-day EMA (Dark Cross) below the 200-day EMA.
- The LT Trend Model generates a BUY Signal when the 50-day EMA crosses up through the 200-day EMA (Golden Cross).
- The LT Trend Model generates a SELL Signal when the 50-day EMA crosses down through the 200-day EMA (Death Cross).
The current table shows that there is considerable stress in the intermediate-term; however, the long-term is still comfortably green for market and sector indexes. But we need to remember that the market indexes are cap-weighted, which means that they can be held aloft by large-cap stocks. The 11 sectors shown are composed solely of S&P 500 components, meaning that they will reflect the strength of that index. Industry groups, however, are not doing as well because they are less protected by the large-cap umbrella.
Next, let's look at how we determine the BIAS of a given index. First, the Silver Cross Index shows the percentage of stocks in an index that have a Silver Cross (20-day EMA above the 50-day EMA), and the Golden Cross Index shows the percentage of stocks in the index that have a Golden Cross (50-day EMA above the 200-day EMA). Next, we determine BIAS based upon the relationship of the Silver Cross Index to its 10-day EMA and the relationship of the Golden Cross Index to its 20-day EMA. When they are above, the BIAS is bullish. When they are below, the BIAS is bearish. See the chart below.
The following table shows the current intermediate-term and long-term BIAS of the market, sector, and industry group indexes we follow. Note that the picture is extremely bearish, but it is a very oversold condition, which will shift toward the positive in the event of a strong rally.
Conclusion: These new tables, available daily in the DecisionPoint ALERT, provide a quick overview of market trend and BIAS. They are intended to help focus attention on areas that may be of interest. They do not give action commands, but provide information flags to prompt assessment of the relevant charts.
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Tesla rival Polestar reveals lineup of its new electric vehicles
The Sweden-based electric vehicle maker completes key testing before launching production of its new SUV.
Tesla's Model Y crossover, the best-selling vehicle globally, is the standard that electric vehicle makers strive to compete with. The Austin, Texas, automaker sold about 267,200 Model Y vehicles in the first three months of the year and continued leading the pack well into the second quarter.
It's no wonder that the Model Y is leading all vehicles in sales as it retails for about $39,390 after tax credits and estimated gas savings. Ford (F) - Get Free Report hopes to compete with the Model Y about a year from now when it rolls out the new Ford Explorer SUV that is expected to start at $49,150.
Plenty of competition in electric SUV space
Mercedes-Benz (MBG) however, has a Tesla rival model with its EQB all-electric compact sports utility vehicle with an estimated 245 mile range on a charge with 70.5 kWh battery capacity, 0-60 mph acceleration in 8 seconds and the lowest price of its EVs at a $52,750 manufacturers suggested retail price.
Tesla's Model X SUV has a starting price of about $88,490, while the Model X full-size SUV starts at $98,490 with a range of 348 miles. BMW's (BMWYY) - Get Free Report xDrive50 SUV has a starting price of about $87,000, a range up to 311 miles and accelerates 0-60 miles per hour in 4.4 seconds.
Polestar (PSNY) - Get Free Report plans to have a lineup of five EVs by 2026. The latest model that will begin production in the first quarter of 2024 is the Polestar 3 electric SUV, which is completing its development. The vehicle just finished two weeks of testing in extreme hot weather of up to 122 degrees in the desert of the United Arab Emirates to fine tune its climate system. The testing was completed in urban cities and the deserts around Dubai and Abu Dhabi.
“The Polestar 3 development and testing program is progressing well, and I expect production to start in Q1 2024. Polestar 3 is at the start of its journey and customers can now visit our retail locations around the world to see its great proportions and sit in its exclusive and innovative interior,” Polestar CEO Thomas Ingenlath said in a statement.
Polestar plans 4 new electric vehicles
Polestar 3, which will compete with Tesla's Model X, Model Y, BMW's iX xDrive50 and Mercedes-Benz, has a starting manufacturer's suggested retail price of $83,000, a range up to 300 miles and a charging time of 30 minutes. The company has further plans for the Polestar 4, an SUV coupé that will launch in phases in late 2023 and 2024, as well as a Polestar 5 electric four-door GT and a Polestar 6 electric roadster that the company says "are coming soon."
The Swedish automaker's lone all-electric model on the market today is the Polestar 2 fastback, which has a manufacturer's suggested retail price of $49,900, a range up to 320 miles and a charging time of 28 minutes. The vehicle accelerates from 0-60 miles per hour in 4.1 seconds. Polestar 2 was unveiled in 2019 and delivered in Europe in July 2020 and the U.S. in December 2020.
Polestar 1, the company's first vehicle, was a plug-in hybrid that went into production in 2019 and was discontinued in late 2021, according to the Polestar website.
The Gothenburg, Sweden, company was established in 1996 and was sold to Geely affiliate Volvo in 2015.
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