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Based in upstate New York, GlobalFoundries isn't a household name because it's manufacturing semiconductors that are designed and sold by other companies. "Look at every electronic device in your house, and I would bet you money that every one of those devices has at least one GlobalFoundries chip in it," Thomas Caulfield, GlobalFoundries CEO, told CNBC. GlobalFoundries chips are inside everything from smartphones and cars to smart speakers and Bluetooth-enabled dishwashers. Although GlobalFoundries' chips are considered legacy nodes, the process and resources needed are still incredibly complex. GlobalFoundries' Fab 8 in Malta, New York, where Equipment Engineering Manager Chris Belfi led CNBC's Katie Tarasov on a tour on September 5, 2023.
Persons: GlobalFoundries, it's, Thomas Caulfield, They're, GlobalFoundries isn't, Caulfield, Abu, Moorhead, Jerry Sanders, Katie Tarasov, Carlos Waters, Daniel Newman, couldn't, TSMC, China's, STMicroelectronics, Hui Peng Koh, that's, Chris Belfi Organizations: HK GM LMT, GlobalFoundries, CNBC, Bluetooth, Nvidia, Taiwan Semiconductor Manufacturing Company, Devices, AMD, Chartered Semiconductor, Nasdaq, Futurum, U.S, Semiconductor Manufacturing International, Samsung, fabs, United Microelectronics, we've, Upstate Locations: New York, China, U.S, Singapore, Germany, France, Malta , New York, Dresden, Malta, Vermont, South Korea, Taiwan, TSMC, Crolles, Chengdu, Upstate New York, Europe, Koh, Arizona, Asia
I toured 160 Water Street, a major office-to-residential conversion in New York City. That's the whole point at 160 Water Street. In a past life, 160 Water Street was an office building in New York City's financial district. Standing next to 180 Water Street — an office building that was converted into units back in 2017 — 160 Water Street is preparing to welcome tenants by the end of the year. I got the opportunity to tour the building and saw just how much the rise of remote work is shaping how we use our spaces.
Persons: , that's, That's, Dan Garodnick, It's Organizations: Service, Colliers, New York City's Department of City Planning, Vanbarton Group Locations: New York City, New York
8 easy — and cheap — ways to cut your carbon emissions
  + stars: | 2023-08-30 | by ( Greg Iacurci | ) www.cnbc.com   time to read: +7 min
Here are some easy — and inexpensive or no-cost — ways to reduce your carbon footprint today, according to efficiency and environmental experts. As such, the average household saves about $225 in energy costs per year by switching to LED lighting, the Energy Department said. Cut food wasteErlon Silva - Tri Digital | Moment | Getty ImagesThe average American wastes more than 400 pounds of food a year. A washing machine spends 90% of its energy to heat water, for example, the Consumer Federation of America said. Even putting something like a brick in your toilet tank will displace — and therefore save — water.
Persons: Katharine Hayhoe, Keoleian, Jose Luis Pelaez, Hayhoe, Oscar Wong, Tom Werner, Digitalvision Organizations: Nature Conservancy, Texas Tech University, U.S . Department of Energy, Energy Department, Silva, Tri, Environmental, Agency, Consumer Federation of America, Public, Getty Locations: U.S
Los Angeles CNN —Striking hotel workers in Southern California filed a complaint on Monday with the National Labor Relations Board alleging that the hotels were “committing and/or condoning violence” after a fight on the picket line, their union announced. Video shared by Unite Here 11 – a union representing dishwashers, room attendants, bellhops and others – shows a disturbance on a picket line outside a Santa Monica hotel on Saturday. The video shows people in suits scuffling with picketers, but it’s unclear who the people in suits are or what happened before the video started. But Pete Hillan, a spokesperson for the California Hotel and Lodging Association, said that the workers are engaging in “increasingly aggressive actions” while on the picket lines, and accused union representatives of kicking over safety barriers. Since declaring a strike in early July, hotel workers have been demonstrating periodically outside many different Southern California hotels amid demands of increased wages and better benefits.
Persons: bellhops, , Pete Hillan, ” Hillan Organizations: Los Angeles CNN —, National Labor Relations Board, Santa Monica Police Department, CNN, ” CNN, California, Lodging Association, Locations: Southern California, dishwashers, Santa Monica, Fairmont Miramar
If Mr. Schumer gets his way, a substantial part of that funding will flow to New York. In his encounters with chip executives, Commerce Secretary Gina Raimondo and President Biden himself, Mr. Schumer has openly and aggressively drawn on his political capital as majority leader to try to channel investment to his home state. Mr. Schumer, a longtime China critic, primarily views the investments as critical to reducing America’s reliance on Beijing for a technology that powers everything from cars and dishwashers to missiles and fighter jets. “I cared about upstate and I cared about competition with China,” Mr. Schumer said in an interview in Albany in June. But Mr. Schumer is capitalizing on his position at an opportune moment, as the United States prepares to invest nearly $53 billion in the sector, including $11 billion for chip research and $39 billion in manufacturing grants.
Persons: Schumer, Gina Raimondo, Biden, , ” Mr Locations: New York, China, Beijing, Asia, U.S, Albany, United States
New York CNN —“Swifties” heading to Los Angeles to see Taylor Swift concerts this week may find a large number of staff at their hotels on strike when they get there. Some California politicians wrote to Swift this week urging her to cancel her shows in LA, which run from Thursday through August 9. The politicians said Swift’s shows would be money makers for the hotels they are battling. Irfan Khan/Los Angeles Times/Getty ImagesThe open letter addressed to Swift said, “We are writing in support of the hotel housekeepers across Los Angeles. “In Los Angeles, hotels are doubling and tripling what they charge because you are coming… but many workers cannot afford to live close to where they work.
Persons: Taylor Swift, Swift, Gov, Eleni Kounalakis, JW, Beverly Hilton, Seasons Regent Beverly Wilshire, Irfan Khan, , – CNN’s Chris Isidore Organizations: New, New York CNN, SoFi, Westin LAX, Democrat, CNN, Ritz, Carlton, JW Marriott LA, Anaheim Hilton, Seasons Regent, Hyatt Regency LAX, Los Angeles Times Locations: New York, Los Angeles, LAX, California, LA, Southern California, Orange, Fairmont Miramar, Anaheim, Los Angeles , CA
And it has had various effects on the workplace, by displacing, changing, enhancing or creating jobs, experts said. "It is reaching up from the factory floors into the office spaces where white-collar, higher-paid workers tend to be." About 1 in 5 American workers have 'high exposure' to AIwatch nowwatch nowConversely, 23% of American workers have low exposure to AI, according to the Pew report. The remaining share of jobs — 58% — have varying AI exposure. It will also create new challenges and needs like retraining or reskilling; those may have knock-on effects, like child care needs for disadvantaged workers, Holzer said.
Persons: it's, Rakesh Kochhar, Kochhar, Harry Holzer, Holzer, Gene Kindberg, Hanlon, " Holzer, Organizations: Pew Research Center, Department of Labor, Occupational Information, Georgetown University, federal Labor Department, Technology, World Bank, Pew Research, Business Locations: U.S
MONTEVIDEO, Uruguay — For at least 80 days, ever since drought and mismanagement sapped the drinking water supply of my country’s capital, the water that has come out of our taps has tasted terribly of salt and smelled awfully of chemicals. We cook pasta, wash lettuce and make coffee with it, buying more and more plastic water containers that wind up in the dump. Washing machines don’t foam, and the electric water heaters are failing from a buildup of sodium. At the height of the crisis, sodium and chloride levels rose to double and triple, respectively, the maximum values allowed by our own national drinking water regulations. And in 2004, we became the first country in the world to write access to safe drinking water into the Constitution.
Persons: that’s Locations: MONTEVIDEO, Uruguay, Santa, Montevideo
Russia has had to dig deep into its arsenal to find missiles to fire at targets in Ukraine. ReutersBy far, most missiles fired by Russia into Ukraine have been launched from aircraft — mainly Tu-95, Tu-22M, and Tu-160 bombers and Su-24 and Su-35 fighter-bombers. Other air-to-surface missiles used by Russia include the Kh-25, Kh-29, Kh-31, Kh-58, and Kh-59. Russia has also fired interceptor missiles from S-300 and S-400 air-defense batteries at targets in Ukraine. Remnants of Russian missiles and shells at a collection site in Kharkiv in December.
Persons: Ian Williams, Kinzhal, Alexander Zemlianichenko, Oleksii, Valentyna, Williams, Yan Dobronosov, Russia's Organizations: Service, Russian, Missile Defense, Center for Strategic, International Studies, Army, Reuters, CSIS, Russia, AP, Getty, Kharkiv Regional, reallocating, Ukraine Locations: Russia, Ukraine, Wall, Silicon, Moscow, Russian, Ukrainian, Belarus, Kyiv, Alexandra, Alexander Zemlianichenko Russian, Kharkiv, United States
Russia said on Thursday that it's obtained intact parts of a downed Storm Shadow missile. "The Storm Shadow missile, shot down by Russian forces in the Zaporizhzhia region, was brought to Moscow for study," Russian state news agency TASS reported. Describing the missile as a "trophy," TASS wrote that Russian authorities had already received the Storm Shadow parts and are inspecting them. Rogozin said Ukraine shelled the area around the downed missile and sent troops to block Russian forces from securing the Storm Shadow parts, per TASS. "The two-day operation to evacuate the captured Storm Shadow has been successfully completed," read a caption for the Telegram post.
Persons: it's, , Dmitry Rogozin, Rogozin, Storm Shadow, Ukraine —, Ben Wallace, Ursula von der Leyen, Elliot Napier Organizations: Storm Shadow, Service, Russia, Storm, TASS, Telegram, intel, UK Ministry of Defense, Russia's Ministry of Defense, European Commission, Ukraine's Ministry of Defense Locations: Russia, Russian, Zaporizhzhia, Moscow, British, Ukraine, Kyiv
‘An economy that is hemorrhaging’Western sanctions have not delivered a deathblow to the Russian economy. Some, including economist Larry Summers, argue that economic penalties on Russia haven’t bitten as hard as anticipated because not enough countries have imposed sanctions. Others, like Yale professor Jeffrey Sonnenfeld, say sanctions are “working tremendously” well against Russia. Petraeus praised the Treasury Department’s “very impressive” sanctions campaign, led by Deputy Treasury Secretary Wally Adeyemo. But the former CIA chief noted the complexity involved in modern sanctions, where target countries often find ways to evade restrictions.
Persons: Vladimir Putin, David Petraeus, “ Putin, ” Petraeus, month’s Wagner, Petraeus, Putin, , “ They’ve, Larry Summers, Russia haven’t, Jeffrey Sonnenfeld, ” Sonnenfeld, Wally Adeyemo, , Biden, Washington hasn’t, , you’re Organizations: New, New York CNN, CNN, KKR Global Institute, Reuters, US Central Command, CIA, Yale, KKR Locations: New York, Washington, Moscow, Russian, Europe, Russia, “ Russia, Ukraine, Kyiv
I spent five years studying 233 millionaires to learn about their habits and the way they think. But almost everyone told me that what contributed more to their wealth was that they stopped wasting money on certain things:1. Cheaply made productsThey refused to drop money on the latest fashion trends, or inexpensive and poorly constructed furniture. Outdoor tools and equipmentWhile some still enjoyed doing outdoor work, like mowing their lawn, weeding, landscaping and trimming, the vast majority — once they got wealthy — hired landscapers to take care of all outdoor upkeep. This meant they no longer spent money repairing or replacing old equipment.
Persons: , landscapers
LOS ANGELES, July 2 (Reuters) - Thousands of Los Angeles-area hotel workers went on strike on Sunday demanding pay hikes and improved benefits in a region where high housing costs make it difficult for low-wage earners to live close to where they hold jobs, union officials said. Unite Here Local 11, which represents 15,000 workers at more than 60 major hotels in Los Angeles and Orange counties, declared the strike a day after the workers' contract expired. [1/4]People protest in front of Hotel Indigo as unionized hotel workers in Los Angeles and Orange County go on strike, in Los Angeles, California, U.S. July 2, 2023. Los Angeles has been a flashpoint for labor strife on several fronts this year, including the protracted writers strike and a three-day walkout in March by education support staff for the Los Angeles Unified School District. Reporting by Steve Gorman in Los Angeles and Gabriella Borter in New York; Editing by Mary Milliken and Josie KaoOur Standards: The Thomson Reuters Trust Principles.
Persons: Kurt Petersen, Maria Hernandez, David Swanson, Hernandez, Steve Gorman, Gabriella Borter, Mary Milliken, Josie Kao Organizations: Southern, Hollywood, InterContinental, Hotel, Millennium Biltmore, JW Marriott, Fairmont, Sheraton Universal, Universal, REUTERS, Westin Bonaventure Hotel, Coordinated, Westin Bonaventure, Los Angeles City News Service, Los Angeles Unified School District, Thomson Locations: ANGELES, Los Angeles, Orange, Fairmont Miramar, Santa Monica, Universal City, Laguna Cliffs, Dana Point, Indigo, Orange County, Los Angeles , California, U.S, L.A, Beverly Hills, Long Beach, West, New York
Los Angeles hotel workers strike over wages, housing
  + stars: | 2023-07-02 | by ( ) www.reuters.com   time to read: +2 min
LOS ANGELES, July 2 (Reuters) - Thousands of hotel workers in Los Angeles, California, went on strike on Sunday morning as they pushed for better wages and benefits, kicking off what was expected to be one of the largest U.S. hotel strikes in recent history. [1/4]People protest in front of Hotel Indigo as unionized hotel workers in Los Angeles and Orange County go on strike, in Los Angeles, California, U.S. July 2, 2023. REUTERS/David SwansonContracts expired June 30 at 62 Southern California hotels, according to the Los Angeles Times. The Westin Bonaventure, the biggest hotel in Los Angeles, came to an agreement with its workers just a day before the expiration, the union said. The Los Angeles area has been the scene of other strikes or walkout threats in recent months.
Persons: David Swanson, Gabriella Borter, Mary Milliken, Josie Kao Organizations: Orange Counties, InterContinental, Hotel Indigo, Resorts, Hotel, REUTERS, Los Angeles Times, Westin Bonaventure, SAG, Thomson Locations: ANGELES, Los Angeles , California, U.S, Los Angeles, Orange, Indigo, Orange County, California, Hollywood
Tearing down public housing has become something of a national trend, except in New York, where the New York City Housing Authority has held onto its stock of aging buildings even as repair bills and tenant complaints mount. At Fulton and Elliott-Chelsea, more than 2,000 public housing apartments would be replaced. The plan also calls for the construction of new retail and commercial spaces and 3,500 mixed-income apartments, with around 1,000 restricted to people earning lower incomes and the rest renting at market rates. It would be only the third tear-down in the agency’s nearly 90-year history, and the first time new, mixed-income buildings would be built on NYCHA land. City officials said they hope to replicate the plan elsewhere as conditions in public housing worsen.
Organizations: New, New York City Housing Authority, Fulton Houses, Elliott, Chelsea Houses Locations: New York, New York City, Manhattan, Fulton, Elliott, Chelsea
Two restaurants made servers give $5 in tips to dishwashers on Fridays and Saturdays, the DOL said. The restaurants in Nashville also failed to pay overtime rates and keep accurate records, per the DOL. The restaurants paid $270,751 in back wages to 82 employees following the investigation. The DOL said that the restaurants had paid $270,751 in back wages to 82 employees following the investigation. As well as requiring servers to share tips with dishwashers, the restaurants failed to pay employees overtime rates of one-and-a-half times their usual hourly wages for hours worked over 40 in a week, the DOL said.
Persons: DOL, , Lisa Kelly Organizations: Service, Department of Labor, Labor Locations: Nashville, Nashville , Tennessee, Tennessee
The Federal Dirty Dish Rule
  + stars: | 2023-05-12 | by ( The Editorial Board | ) www.wsj.com   time to read: +1 min
Wonder Land: Whether it's the border, the economy or crime, the progressive way of governance is that no policy mistake can change—ever. Images: AP/AFP/Getty Images Composite: Mark KellyThe White House swears it isn’t gunning to ban gas stoves, but why would anyone believe that after its latest attack on functional home appliances? Last week the Energy Department dropped a sweeping proposal for “efficiency” mandates on dishwashers. The proposal requires manufacturers to slash water use by a third, limiting machines to 3.2 gallons per cycle, down from the current federal limit of five gallons. Americans have learned the hard way that stricter efficiency rules on already efficient appliances translate into higher costs, inconvenience, and ultimately waste.
Russia's scramble to find microchips for its weapons hints at struggles the US and China could face in a future war. Russian strikes and microchipsA Ukrainian military official with electronics from a destroyed Russian T-90M tank in Kyiv in March. Oleksii Chumachenko/Anadolu Agency via Getty ImagesWestern-made microchips and processors power many of Russia's weapon systems, even its most advanced missiles and aircraft. ASML is the only firm that produces extreme ultraviolet, or EUV, lithography machines, which are needed to make advanced microchips. A US-Chinese clash over Taiwan, or some other disruption, like a Chinese blockade, that halts exports of advanced semiconductors would affect numerous other industries.
When Kevin Hochman became CEO last June of the company that owns Chili’s Bar & Grill, amid a labor shortage and escalating costs, he started looking for bottlenecks in the kitchen. There, he learned about Chili’s french-fry problem. Fries were delivered in their own metal baskets, driving cooks and dishwashers crazy. They had to be lined with paper before each serving and cleaned afterward, some 40 million times a year. In short order, Mr. Hochman scrapped the baskets for fries, advancing his grand ambitions for the Southwest-style restaurant chain: improve service and boost profits.
Shortly after Covid-19 hit, Michelle de Vera and Serhan Ayhan settled into a one-bedroom in Woodside, Queens. Ms. de Vera, who then worked in the airline industry, had an easy trip via public transportation to the Queens airports. She would spend hours on video calls for work while Mr. Ayhan, 36, clanked in the kitchen and tried to stay out of camera range. Email: thehunt@nytimes.com]Their criteria included a kitchen — with a dishwasher — that was suitable for making dough,, and space for hosting pizza nights. In every apartment they visited, Mr. Ayhan checked to see whether the oven was big enough to accommodate his pizza peel.
Steelmaking is one of the most carbon-intensive industries in the world, but researchers may have found a way to make it greener. Newsletter Sign-up WSJ Pro Sustainable Business A weekly look at environmental, social and governance issues and strategies for corporate decision makers. The system essentially creates a closed loop where the carbon split using the perovskite is put back into the system. “After five years, this system would save the U.K. steel industry £1.28 billion [equivalent to $1.57 billion], while reducing UK-wide emissions by 2.9%,” Ms. Kildahl said. For example, H2 Green Steel in Sweden is looking to cut carbon emissions by using hydrogen as a fuel source.
Whirlpool Corp. said that more than half of its smart appliances remain connected, but the company declined to be more specific. Development of these smart devices is a core priority for Whirlpool and LG, the companies said. The smart-home trend began gaining traction around 2014, according to Mr. Kim, and has grown since then. Whirlpool declined to comment on the percentage of its sales represented by smart appliances. According to Murat Genc, Whirlpool’s global data, experiences & transformation officer, smart appliances are generating data from consumers and are producing new revenue opportunities.
It's been a tough year for the once-booming semiconductor sector. But several Wall Street pros are urging investors to take a longer-term view on the sector, given the importance of the semiconductor chip in several key secular trends. The bank said the next leg of growth for the sector will be led by government spending on renewable energy and carbon neutrality. The bank named Analog Devices , Marvell Technology , Globalfoundries and Microchip Technology among its top stock picks in the chip sector. TSMC in the headlines One chip stock that has consistently been on investors' radars is semiconductor powerhouse Taiwan Semiconductor Manufacturing Company (TSMC).
For influencers, receiving "gifted" items from brands can feel "excessive and gluttonous," one said. Many decline free products, or if they receive them, they don't always post about them. But some items, like furniture and luxury products, can make such a collaboration attractive. When the TikTok influencer Victoria Paris became famous on social media, she began to get so many free products from brands that she felt overwhelmed. Creators and other industry insiders said gifted partnerships that involve furniture — as well as a few other types of luxury items — could be mutually beneficial.
Instead, Russia's failing war effort has raised doubts about Putin's hold on power. For now, Putin looks secure, but past Russian leaders have suffered at home for blunders abroad. By the following summer, the Germans had taken huge swathes of Russian-controlled territory and a million Russian soldiers were dead. Captured Russian soldiers after the defeat at Tannenberg, in present-day Poland, on August 30, 1914. After an ineffectual troop surge, Gorbachev gave up on trying to improve the situation, and the last Soviet troops left Afghanistan in February 1989.
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