Showing posts with label Swedish. Show all posts
Showing posts with label Swedish. Show all posts

Monday, November 18, 2013

Too Cool For (Bike) Helmet Head? Here"s One Swedish Solution





No more helmet hair: Hövding’s “invisible” helmet is an airbag tucked away in a collar that gets fastened around a cyclist’s neck. It’s aimed at urban cyclists and priced at $ 535.



Courtesy of Hövding



No more helmet hair: Hövding’s “invisible” helmet is an airbag tucked away in a collar that gets fastened around a cyclist’s neck. It’s aimed at urban cyclists and priced at $ 535.


Courtesy of Hövding



Hey there, hipster. No bike helmet, huh? Well, we all have our excuses. There are the vanity-driven ones that — let’s be honest — explain why the majority of our brain cages sit collecting dust in the dark corners of the garage. Squashed hair, unflattering chinstraps, general discomfort, etc.


Then there are the more nuanced arguments tied to piles of conflicting data about how effective helmets actually are (including one small, if oft-cited study suggesting that drivers tend to pass helmeted riders at closer distances than their non-helmeted counterparts).


But what if there were a helmet that answered both categories of complaint? One that respected your brain and your coiffure?


Enter, Hövding, the “invisible” helmet, brainchild of Swedish design duo Anna Haupt and Terese Alstin.


“Vanity might sound a bit stupid to talk about,” Alstin says, “but if that is the cause of people not protecting their heads in traffic, it is a real issue that you need to address.”


And, thus, what started out as a thesis project is now something that could revolutionize biking safety.


So how does it work? In a nutshell, it’s not a shell for your nut. It’s an airbag — one that’s tucked away in a collar that cyclists fastened around their neck. When the collar’s internal sensors detect a specific combination of jerks and jags signifying “ACCIDENT HAPPENING,” the airbag deploys, sending out a head-hugging, air-cushion hood in a tenth of a second.


Alstin explains: “We were aiming to do a product that was as safe as conventional helmets. But (helmets) are not really as safe as people think they are. But that has not been something that you want to talk about because there was no alternative before. Using the airbag technology we were actually able to set a completely new standard for safety in the bike helmet industry.”


Sweden has one of the highest percentages of people who use bikes as their primary mode of transportation, but only about 20 percent of adult Swedes wear helmets. Furthermore, bicyclists represented nearly 9 percent of all traffic fatalities in Sweden in 2005, the most recent year for which statistics were available. The comparable figure in the U.S. is 1.8 percent for that year.


In tests by a Swedish insurance company, Hövding was shown to be at least three times better at absorbing shock than conventional helmets (at 15 mph — this is a product aimed at urban cyclists). Hövding’s weakest point may be that it can’t protect riders from “direct hits” like overhanging branches and street signs, an issue that hasn’t prevented the company from winning Europe’s CE conformity label.


That said, Hövding has yet to be approved for sale in the U.S., and some experts are skeptical it will be able to muster a similar thumbs-up from the U.S. Consumer Product Safety Commission. But with interest mounting, Alstin says she and her colleagues are doing their best to get to the U.S. as soon as possible.


Alas, the $ 535 price tag is likely to provide a new excuse for anyone who bikes as a cost-cutting measure.


And what about cyclists in, say, Florida, where a thick collar might be slightly less appealing than in chilly Scandinavia where everyone already wears scarves that appear to hold their heads in place?


“For really hot countries, we’re thinking about developing a shell that would have a cooling system inside,” Alstin says. Innovate on.




News



Too Cool For (Bike) Helmet Head? Here"s One Swedish Solution

Sunday, June 2, 2013

Sweden Housing Crash Coming Up; Average Swede to Repay Mortgage in 140 Years; Swedish Central Bank Ponders New Rules

Average Swede to Repay Mortgage in 140 Years


Swedish repay their mortgages so slowly that it will take 140 years on average, according to the IMF.

The International Monetary Fund lamented Friday that Swedish households pay their mortgages so slowly that they are planning to do an average of 140 years.

“Financial stability is [...] reinforced by a steady reduction in repayment schedules – that exceed an average of 140 years,” the IMF said in a statement after a mission in Sweden.


This statistic was revealed in March by a government agency, the inspection of the financial sector. It covers loans considered relatively safe, those where the real estate buyer had an initial contribution equal to or greater than 25% of the value of the property and pay the higher monthly interest alone.


According to the Washington-based institution, the Swedish real estate market is a major risk to the economy, along with the eurozone crisis.


“With household debt rising beyond 1.7 times disposable income, a sudden and significant drop in property prices could have an effect on consumption and banks, raising unemployment and further reduce the inflation, and increased the number of non-performing loans and financing costs for banks, “said the IMF.


Why bother paying anything at all? Yet think of the consequences of underwater mortgages on the banking system when an estate does not have enough money to repay loans. A housing bust will have enormous consequences in such a setup.


Swedish Central Bank Ponders New Rules


Sweden is in the midst of a property bubble and a debt bubble, so much so that the risk mentioned above was noticed by the Swedish central bank.


And central banks are always at the tail end of noticing risks of the policies they sponsor.


Please consider Swedes’ high debts spark housing bubble fears.

Martin Andersson, the head of Sweden’s Financial Supervisory Authority (Finansinspektionen), expressed his concern about Swedes’ mounting debts. “Swedish households today are among the most indebted in Europe and we cannot have household lending that spirals out of control,” Andersson said.

One tool already in place to dampen the growth of Swedish household debt is a mortgage lending ceiling introduced in 2010 which caps the amount home buyers can borrow at 85 percent of the value of the property.


Riksbank head Stefan Ingves has also suggested new rules that would require Swedes to pay down the principal on their mortgages, although Andersson refused to say whether his agency would consider such a rule.


Last year, Swedes’ household debt hit a record 173 percent of disposable income, well above the 135 percent level during the height of Sweden’s banking crisis in the early 1990s.


Sweden Housing Crash Coming Up


By the time central banks notice bubbles and begin to discuss ways to alleviate them, it is far, far too late to do anything about them. A housing crash with huge consequences is 100% certain.


The longer it takes before the crash begins, the worse the crash.


Mike “Mish” Shedlock
http://globaleconomicanalysis.blogspot.com


Mish’s Global Economic Trend Analysis



Sweden Housing Crash Coming Up; Average Swede to Repay Mortgage in 140 Years; Swedish Central Bank Ponders New Rules