Future

Using Brain Teasers To Improve 'Wide-Awake' Open-Skull Surgery

Surgeons in Italy are testing new techniques to improve general anesthesia-free brain surgery. Patients are “trained” ahead of time and, during the operation itself, made to answer quiz questions.

(Dierk Schaefer)
(Dierk Schaefer)


*NEWSBITES

TURINHaving an open dialogue with your surgeon is critical for a successful operation. But at Turin's Le Molinette Hospital, doctor-patient communication doesn't just take place before an operation is performed. Patients also speak up during surgery - while doctors open their skulls and start cutting away at their brains.

Thanks to scientific progress, brain surgery operations have been performed around the world for several years now without general anesthesia. With anesthesia, there's always a risk that some parts of the brain won't wake up again. A patient's chances of recovery, therefore, are improved when doctors forgo anesthesia.

At the northern Italian hospital, a team of neurosurgeons and neuropsychologists have been improving the process. They began with relatively straightforward operations and, step by step, took it to a more complex level of surgery.

For La Molinette hospital's "awake" surgery, the patient goes through a long period of preparation before the operation. Among other things, the "training" involves getting familiar with the operation room and lying on the operating table days before the operation.

And then during the operation itself, the patient is required to work alongside doctors. The patient is tested with word games that require him or her to match nouns with verbs: car with drive, water with swim. Each right answer gives a green light for doctors to continue the operation, allowing them to remove tumors, but not the healthy part of the patients' brains.

Read the full original article in Italian by Marco Accossato

Photo – (Dierk Schaefer)

*Newsbites are digest items, not direct translations

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Society

Debt Trap: Why South Korean Economics Explains Squid Game

Crunching the numbers of South Korea's personal and household debt offers a glimpse into what drives the win-or-die plot of the Netflix hit produced in the Asian country.

In the Netflix series, losers of the game face death

Yip Wing Sum

-Analysis-

SEOUL — The South Korean series Squid Game has become the most viewed series on Netflix, watched by over 111 million viewers and counting. It has also generated a wave of debate online and off about its provocative message about contemporary life.

The plot follows the story of a desperate man in debt, who receives a mysterious invitation to play a game in which the contestants gamble their lives on six childhood games, with the winner awarded a prize of 45.6 billion won ($38 million)... while the losers face death.


It's a plot that many have noted is not quite as surreal as it sounds, a reflection of the reality of Korean society today mired in personal debt.

Seoul housing prices top London and New York

In the polished streets of downtown Seoul, one sees endless cards and coupons advertising loans scattered on the ground. Since the outbreak of the pandemic, as the demand for loans in South Korea has exploded, lax lending policies have led to a rapid increase in personal debt.

According to the South Korean Central Bank's "Monetary Credit Policy Report," household debt reached 105% of GDP in the first quarter of this year, equivalent to approximately $1.5 trillion at the end of March, with a major share tied up in home mortgages.

Average home loans are equivalent to 270% of annual income.

One reason behind the debts is the soaring housing prices. In Seoul, home to nearly half of the country's population, housing prices are now among the highest in the world. The price to income ratio (PIR), which weighs the average price of a home to the average annual household income, is 12.04 in Seoul, compared to 8.4 in San Francisco, 8.2 in London and 5.4 in New York.

According to the Korea Real Estate Commission, 42.1% of all home purchases in January 2021 were by young Koreans in their 20s and 30s. For those in their 30s, the average amount borrowed is equivalent to 270% of their annual income.

Playing the stock market

At the same time, the South Korean stock market is booming. The increased demand to buy stocks has led to an increase in other loans such as credit. The ratio for Korean shareholders conducting credit financing, i.e. borrowing from securities companies to secure stock holdings, had reached 21.4 trillion won ($17.7 billion), further increasing the indebtedness of households.

A 30-year-old Seoul office worker who bought stocks through various forms of borrowing was interviewed by Reuters this year, and said he was "very foolish not to take advantage of the rebound."

In addition to his 100 million won ($84,000) overdraft account, he also took out a 100 million won loan against his house in Seoul, and a 50 million won stock pledge. All of these demands on the stock market have further exacerbated the problem of household debt.

42.1% of all home purchases in January 2021 were by young Koreans in their 20s and 30s

Simon Shin/SOPA Images/ZUMA

Game of survival

In response to the accumulating financial risks, the Bank of Korea has restricted the release of loans and has announced its first interest rate hike in three years at the end of August.

But experts believe that even if banks cut loans or raise interest rates, those who need money will look for other ways to borrow, often turning to more costly institutions and mechanisms.

This all risks leading to what one can call a "debt trap," one loan piling on top of another. That brings us back to the plot of Squid Game, "Either you live or I do." South Korean society has turned into a game of survival.

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