How happy are you? New Twitter tool takes the pulse of the world's mood

Around a third of Tweets by Hongkongers made in the last 24 hours expressed happiness, according to a new online tool that maps moods around the world in real-time.
Australian researchers have unveiled “We Feel”, a Twitter tool which analyses up to 32,000 tweets per minute - about 10 per cent of all English-language tweets - for 600 words that are then linked to emotions such as love, joy, surprise, anger, sadness and fear.
The researchers explained that the app uses the 600-word vocabulary of “emotion terms” compiled from multiple sources, which were then organised through crowdsourcing into a “hierarchy of emotions” comprising “love”, “joy”, “surprise”, “anger”, “sadness” and “fear”. Public tweets mentioning one of these 600 words are mapped into one of the six terms and categorised by time and country or time zone.
For example, by 3pm on Tuesday, there were 64,005 emotional Tweets from Hong Kong within the last 24 hours, corresponding to about 59 per cent of all Tweets from the area in that timeframe (109,100).