Lifeboat Foundation: Safeguarding Humanity
Toggle light / dark theme

Blog

Category: economics – Page 60

TAIPEI (Taiwan News) — Taiwan Semiconductor Manufacturing Company (TSMC) Chairman Mark Liu (劉德音) has warned that the economies on both sides of the Taiwan Strait will plunge into turmoil should China invade Taiwan.

CNN on Monday (Aug. 1) published footage of a video interview with Liu, titled “Can China afford to attack Taiwan?” in which Liu noted chipmaking will no longer be “the most important thing we should be worried about” if Beijing were to attack Taiwan.

Still,“Nobody can control TSMC by force,” Liu said, when asked about the company’s perceived reputation as a “shield” given its significance. TSMC factories will be rendered “non-operable” in the event of a Chinese attack because the sophisticated manufacturing facilities depend on real-time connections with the outside world, with Europe, U.S., and Japan, he reckoned.

Read more | >

Under the state budget passed last week, Pennsylvania’s conservation programs will receive a one-time, pandemic-related federal booster shot of $765 million for state parks, forests, streams, open space, farms, and home energy efficiency — an amount one environmental advocate called “generational.”

The funding means three new state parks, one possibly in the Philadelphia region, as well as a new ATV park, though locations haven’t been announced. The money, which is in addition to regular yearly budget funding, comes from the American Rescue Plan Act (ARPA), a $1.9 trillion federal economic stimulus bill signed by President Joe Biden last year as part of COVID-19 relief.

The ARPA funds, combined with an additional $56 million from the state’s Oil and Gas Lease Fund, and a $12 billion state surplus, mean that agencies routinely faced with declining or stagnant spending plans are suddenly getting a big lift.

Read more | >

This graph shows the worldwide economic losses from weather-related events, from 1970 through to the present day, with a future trend projected out to 2060.

The data here is from Swiss Re, the world’s largest reinsurer, and is adjusted for inflation at 2021 prices. It excludes non-weather disasters, such as earthquakes, tsunamis, and volcanic eruptions.

A significant gap exists between the total economic damages and the losses protected by insurance. For example, the worldwide figure for weather-related disasters in 2021 amounted to $233.27 billion, of which insurance covered “only” $101.12 billion.

Read more | >

Ask medieval historian Michael McCormick what year was the worst to be alive, and he’s got an answer: “536.” Not 1,349, when the Black Death wiped out half of Europe. Not 1918, when the flu killed 50 million to 100 million people, mostly young adults. But 536. In Europe, “It was the beginning of one of the worst periods to be alive, if not the worst year,” says McCormick, a historian and archaeologist who chairs the Harvard University Initiative for the Science of the Human Past.

A mysterious fog plunged Europe, the Middle East, and parts of Asia into darkness, day and night—for 18 months. “For the sun gave forth its light without brightness, like the moon, during the whole year,” wrote Byzantine historian Procopius. Temperatures in the summer of 536 fell 1.5°C to 2.5°C, initiating the coldest decade in the past 2,300 years. Snow fell that summer in China; crops failed; people starved. The Irish chronicles record “a failure of bread from the years 536–539.” Then, in 541, bubonic plague struck the Roman port of Pelusium, in Egypt. What came to be called the Plague of Justinian spread rapidly, wiping out one-third to one-half of the population of the eastern Roman Empire and hastening its collapse, McCormick says.

Historians have long known that the middle of the sixth century was a dark hour in what used to be called the Dark Ages, but the source of the mysterious clouds has long been a puzzle. Now, an ultraprecise analysis of ice from a Swiss glacier by a team led by McCormick and glaciologist Paul Mayewski at the Climate Change Institute of The University of Maine (UM) in Orono has fingered a culprit. At a workshop at Harvard this week, the team reported that a cataclysmic volcanic eruption in Iceland spewed ash across the Northern Hemisphere early in 536. Two other massive eruptions followed, in 540 and 547. The repeated blows, followed by plague, plunged Europe into economic stagnation that lasted until 640, when another signal in the ice—a spike in airborne lead—marks a resurgence of silver mining, as the team reports in this week.

Read more | >

View insights.

The existence of ethical concerns is precisely why it’s important for business owners to understand the different technologies driving the Metaverse forward and what impact they may have on users, the environment, and our society. By understanding these technologies, businesses can find new ways to enrich our society with constructive uses of virtual reality connectivity that enrich our world and keep the digital economy booming.

In addition, understanding these technologies is important because as more advanced techniques are developed for use in Metaverse projects, the average cost of US$48,000 for app design in the USA will undoubtedly go up. Business owners need to understand what they need to focus on when planning their next move.

Businesses also need to understand that as the landscape of the Metaverse evolves, the nature of the content will change as well. Creating quality content marketing strategies with these immersive, virtual environments in mind is essential as the industry moves forward.

Continue reading “Top Technologies that are Taking Us to Metaverse in 2022” | >

What just happened? In addition to suing Elon Musk, Twitter is also blaming the world’s richest man for its falling revenue. The platform saw its number of users increase in the second quarter of the year, but that hasn’t translated to a healthier bottom line, something it partly blames on the disruption caused by Musk bidding for the company before walking away.

Twitter’s Q2 2022 results show its second-quarter revenue was $1.18 billion, representing both a quarterly and yearly decline, albeit only slightly. However, its average monetizable daily active users (mDAUs) was up 16.6% compared to Q2 2021, reaching 237.8 million globally.

$1.18 billion is no small sum, but Twitter’s costs and expenses for the quarter totaled $1.52 billion, an increase of 31% year-over-year. It reported net losses of $270 million, $33 million of which was related to the “pending acquisition” of the company. Q2 2021 saw a net profit of $66 million.

Read more | >

EPFL researchers have shown that people’s perception of office temperature can vary considerably. Personalized climate control could therefore help enhance workers’ comfort—and save energy at the same time.

Global warming means that heatwaves are becoming ever-more frequent. At the same time, we’re in a global race against the clock to reduce buildings’ energy use and carbon footprint by 2050. This has shone the spotlight on the importance of making the thermal comfort of buildings a strategic and economic priority. And this is the focus of research conducted by Dolaana Khovalyg, a tenure track assistant professor at EPFL’s School of Architecture, Civil and Environmental Engineering (ENAC) and head of the Laboratory of Integrated Comfort Engineering (ICE), which is linked to the Smart Living Lab in Fribourg.

In her latest study, published as a brief, cutting-edge report in the journal Obesity, she highlights the benefits of providing personalized thermal conditioning and heating for each office desk, rather than maintaining a standard temperature throughout an open space. Khovalyg and her team came to this conclusion after the human thermo-physiological data they collected showed that individuals display very different levels of thermal comfort under normal office conditions.

Read more | >

The 6 million-square-foot Samsung plant will be located south of Highway 79 and southwest of Downtown Taylor, near Taylor High School. It is expected to bring 1,800 jobs to Williamson County.

The plant is expected to start operations in 2024. The City of Taylor, Williamson County and Taylor ISD all already have economic agreements in place related to Samsung’s development.

To learn more, read Community Impact’s full report.

Read more | >