Friday, 10 January 2014

Tsunami House built to handle nature's worst

Tsunami House, by Designs Northwest Architects  (Photo: Lucas Henning)
From Hurricane Katrina to the Polar Vortex which has buried large swathes of North America under snow, we're frequently reminded that when extreme weather hits, the results can be devastating. Tsunami House, by Designs Northwest Architects, has been built to withstand the worst nature can throw at it: high winds, storms, and yes, even a tsunami.
Located in a flood-prone section of Camano Island, Washington, the recently completed two-story (plus loft) waterfront home sits atop 1.5 m (5 ft) high pilings designed to take abuse from a high velocity tsunami wave. The ground floor, dubbed the "flood room," is a multi-use space which sports walls designed to break away if a tsunami hits, thus leaving the integrity of the upper areas intact. - 
The decor is distinctly low-maintenance and industrial (Photo: Lucas Henning)
The main living area is on the second floor, accessed via tough bent plate steel stairs. It contains bathroom, kitchen and dining area, master bedroom, and a loft bedroom accessible via ladder. The decor is distinctly low-maintenance and industrial, with concrete and glass the order of the day. However, Designs Northwest Architects strove to add some warmth to the main living areas with the use of cedar wood and plenty of windows to assure ample natural light. Of course, we'll only ever really know for sure if the design of Tsunami House is successful should the worst happen. Hopefully that day never comes.
Source: Gizmag, NorthWest Architects

How do you move a city and keep its mining industry alive?

The new town center of Kiruna with the circular town hall by Henning Larsen which is due f...

The town of Kiruna in Lapland, Sweden, is known for its Jukkasjårvi Ice Hotel and for hosting the recent Arctic Council summit. It also sits within the Arctic Circle, on one of the world’s richest deposits of iron ore. Now in danger of collapse due to extensive deep mining, the city center is to be relocated in a plan developed by White Arkitekter, which includes a new town hall by Henning Larsen.
Kiruna lies 140 km (87 miles) north of the Arctic Circle in an area rich in mineral deposits. The town is of great national importance in Sweden, not only due to the productivity of the mine, but because of its historic, 100-year-old buildings, its ties with the nomadic Sami people and because it’s an area of natural beauty. Internationally, too, Kiruna has become a known as a tourist destination. The unprecedented new scheme will see the town center "migrating" to a new, more stable location, while community and transportation links are re-established through a forward-thinking plan of development and restoration. White Arkitekter says that it was the long-term strategy of this proposal that won the firm the commission. Since mining is set to continue, the difficulty lay in finding a location that would not become vulnerable in another few decades. The scheme involves a gradual process of building new structures on the eastern side, while dismantling those at the western edge of the town. 
Rather than creating a new town center that could be threatened in the near future, or a satellite town center outside the mining zone that would make for a disjointed community, White will move the center farther east, but in the direction of established suburbs, and re-orient the community gradually away from the mining deformation at its western edge. The proposed eastward march of Kiruna making an elongated west-east oval, will also improve the integration of the community, according to the architects, absorbing suburban sprawl, and re-establishing some of the natural habitat in the dis-used mining grounds.
The town center, instead of lying to the west of the main residential blocks will be set down on the eastern side, currently an area of disconnected neighborhoods thrown up in the 1960s and 70s. As for the 100-year-old town center, it will be a case of taking down the important buildings and preserving whatever is possible for re-use in the new town center and houses. However, as the mining continues, it is hard not to imagine that it may be a case of a town continuously on the run from collapse. 
The iron mine is owned by the Swedish government, and it is the mining company who will be paying for the town’s re-location. It might seem there is a pretty strong case for shutting down the mines and opting for the preservation of natural environment, and of the longstanding community. But this iron mine is far too important to Sweden’s economy, accounting for just under one percent of the country’s overall GNP and a significant portion of the world's iron supply. In addition, further private mines are under operation, or will be in the near future, so rich is the area in gold, silver, and other minerals, such as those used in mobile phone technology.
The residents of Kiruna have been living in a kind of limbo for over a decade since they first learned that the ground was giving way beneath them. Many were reluctant to repair or maintain their houses, uncertain what the future would bring. The first tangible sign that the plan for the town is being implemented, that there is a real future for Kiruna, will be when the new town hall, designed by Danish firm Henning Larsen, begins construction in 2014. The current town hall is the building most at risk. So, though this is a very practical beginning, it also has huge portent for the inhabitants. The new building will be a modern, circular structure, already nicknamed the Crystal for the shape of the inner building, which sits inside an outer ring, and for its relation to the mineral deposits on which the town depends.
Responding to the sub-arctic climate, Henning Larsen created the rounded form so that it presents less resistance to the prevailing winds. The shape will also prevent snow build-up against the structure. The company has also seized the chance to present a more communal building, adding an art museum, learning environment and restaurant to the town hall facilities. 

Source: Gizmag

Santa Cruz de Tenerife, Spain.



Architects: 
Location: , Santa Cruz de Tenerife, Spain
Project Area: 243.0 m2
Project Year: 2013
Source: ArchDaily

US-China trade deficit narrows, again

US exports to China reached another record high in November, according to a new report released by the US Department of Commerce.
Exports to China reached $13.2 billion in November, up from the $13.1 billion in October, according to the figures released. Meanwhile, imports from China fell from $41.9 billion in October to $40.1 billion in November.
The trade deficit between the two countries further fell from $28.9 billion October to $26.9 billion in November. Exports to China for January to November totaled $108.9 billion, and imports from China totaled $402.9 billion. Trade deficit with China is still the US’ largest with any country in the world, and remains that way.
Exports increased primarily in soybeans and corn, and imports decreased primarily in toys, games, and sporting goods and apparel, according to the Commerce department.
The US trade deficit was at a four-year low in November, with exports hitting a record high and imports decreasing.
November's exports totaled $194.9 billion and imports were $229.1 billion, with the deficit being $34.3 billion, which is down from a revised $39.3 billion in October, according to the figures. November imports decreased by $3.4 billion and exports increased by $1.7 billion compared to October numbers.
US imports to the European Union decreased to $33 billion in November, and exports fell to $22.9 billion. Trade with Canada also decreased, with exports totaling $25.7 billion, and imports totaling $27.1 billion.
Wei Jianguo, vice-chairman of the China Center of International Economic Exchanges and a China Daily guest columnist, told China Daily that the US is soon to replace the European Union as China’s largest trade partner. According to figures released by the General Administration of Customs, China-EU trade totaled $506 billion from January to November, with China-US trade totaling $472.1 billion, an increase of 7.6 percent year-on-year.
In 2012, US-China trade rose 8.5 percent to $484.7 billion, which is about 12.5 percent of China's total overall trade, according to the customs' figures. The US was China's second-largest trade partner and largest export market.
At a December meeting with US Secretary of Commerce Penny Pritzker in Beijing, Chinese Premier Li Keqiang called for relaxed restrictions on high-tech exports to China and that the US will "provide favorable circumstances for Chinese businesses to invest in the US," according to a statement from the Ministry of Foreign Affairs of the People's Republic of China.
Source: Chinadaily

US police all a-twitter about Weibo

Law enforcement officers are using social media to engage with the local Chinese community, as Zhang Yuchen reports.
When the police department of Alhambra, California, announced that it was opening an account with Sina Weibo, China's version of Twitter, on Dec 9, the aim was to reach out to the Chinese community and encourage greater cross-cultural engagement.
Although a number of foreign official and cultural organizations and celebrities have already used Weibo to promote cultural and civic ties, it's the first time a foreign police department has set up an account on China's largest social network, which has millions of active users worldwide. The target group is the tech-savvy younger generation of Chinese immigrants, aged 24 to 36.
"Our first initiative was to break down a few language barriers," said Alhambra's Chief of Police Mark Yokoyama. "Weibo seemed a natural way to communicate with the Chinese community, who might be unfamiliar with, or distrust, the police or local government."
Chinese residents of Alhambra scored significantly lower on three criteria - neighborhood belonging, collective efficacy and civic engagement - than whites or Hispanics, according to Alhambra Source, a news portal that uses journalism to bridge the gap between the city's multilingual population and the local government and promote civic engagement.
Approximately 13 million Chinese live in the United States, Canada and Mexico. Alhambra has a population of 85,000, and approximately 53 percent are of Asian descent. Of those, 65 to 70 percent, or 30,000, are ethnically Chinese, a figure larger than the populations of many cities in southern California, which is home to most US-based Asians.
The attempt to reach out started after Yokohama read a news story that examined ways of increasing the Chinese community's engagement in civic life. However, at present, most of the 6,000 people who follow the account are not actually resident in the US; they mainly reside in China and use the account to gain information about places they're considering moving to.
"The Chinese population stays quiet and doesn't get involved in the community, but we would like to know what they are thinking and doing," 

Source: ChinaDaily

CSRC Approves Backdoor Listing of Visual Content Provider VCG.

The China Securities Regulatory Commission (CSRC) has conditionally approved the backdoor listing application of visual content and solution provider Visual China Group (VCG) via Far East Industrial Stock (SZ:000681). Relevant brands under the group are CFPGetty Image ChinaTungStar, and Shijue.
CFP, formerly known as Photo.com, is an online editorial imagery contents provider and distributing platform cofounded by Chai Jijun and YY’s CEO Li Xueling. Li left CEP in 2003 for divergence in development prospects of the company, but YY is still a controlling shareholder of the company. CFP is dedicated to providing Chinese and overseas customers with a rich and high quality images, video, visual products and professional services.
Getty Images China is a joint venture set up by VCG and Getty Images in 2005. Being a domestic provider for creative class photos, video copyright authorization, copyright clearance, entrust shoot and other professional services, it is committed to provide customers with high quality creative images, video material, and visual service.
TungStar is a professional production agency specializing in editing entertaining and news pictures and videos, with a professional entertainment editing group in Hong Kong, Taiwan, Beijing, Shanghai, Guangzhou, etc. It was founded in 2004 and being acquired by VCG in 2012.
Shijue.me is an active sharing community for visual pictures and a socialized e-commercial platform for creative design for products. The company planned to roll out a homegrown micro-profit stock photography site with around 50 yuan ($8.26) for each picture, disclosed Lei Haibo, founder of the company.
The market size of Chinese copyright pictures is estimated to reach 1.2 billion yuan and exceed 2.5 million yuan by 2015, according to report released by research institution CCID on June 2013.

Source: TechNode

Huawei Unveils Tron, Android-powered Game Console

Chinese telecom equipment and mobile phone maker Huawei showed off its homegrown game console Tron at CES just days after China’s state council lifted the ban on game console sector imposed in 2000.
Powered by Android system and Nvidia’s Tegra 4 processor, Tron is a small cylindrical console that can be connected to TVs via HDMI. It also supports WiFi, bluetooth connectivity and even a USB 3.0 port.  Each console can connect to up to four gamepads. Another highlight of the gadget is that it supports fluent 4K video display.
Moreover, the company has partnered up with several game platforms like PS3, PC and NDS to develop custom games for Tron. 12 custom games are already available for the gadget. The product reportedly will be released after May of this year at $120 or less.
Microsoft has already established a joint venture with Chinese media company BesTV last year, planning to introduce Xbox One into the mainland this year.

Source: TechNode

Hands-on with the LG G Flex,"world's first curved, flexible smartphone"

A rigid shell prevents much actual flexing
 By Erick Mack.Gizmag
The new LG Flex is billed as the "world's first curved, flexible smartphone," but once you get your hands on one it becomes clear right away that only half of that line is really true for practical purposes. It is a beautiful, sleek and powerful phone with an elegant curve to it, and yes, it does have a flexible display, but that display has been set in a rigid case that prevents it from actually flexing.

A sharp slowdown in mortgage refinancing is forcing banks to cut jobs


According to a report from the Wall Street Journal,"the end of a three-decade period of falling mortgage rates has slammed the brakes on a huge wave of refinancing by U.S. households. The drop-off has deprived lenders of a key source of income at a time when the growth in loans for home purchases remains weak".
''The Mortgage Bankers Association next week plans to cut its 2014 forecast for loan originations, which include loans for home purchases and refinancing. The current forecast of $1.2 trillion would represent the lowest level in 14 years. The trade group Wednesday reported that mortgage applications in the two weeks ending Jan. 3 touched a 13-year low.
Wells Fargo  & Co. and J.P. Morgan Chase & Co. are scheduled to report fourth-quarter results next Tuesday, kicking off a wave of bank earnings reports. Analysts expect results across the sector to show that the number of loan originations for home purchases and refinances fell by 20% to 30% in the fourth quarter from the previous quarter.
Already, banks across the U.S. have cut thousands of jobs in their "back office" mortgage operations to make up for the decline in refinancing activity. Wells Fargo has eliminated more than 6,200 mortgage jobs since the summer. Bank of America Corp. has said it hopes to cut about 4,000 jobs by the end of the fourth quarter. Citigroup Inc. has trimmed about 1,100 positions.
Now, refinancing is evaporating, said David Stevens, CEO of the Mortgage Bankers Association, and "the business is completely shifting" toward home-purchase lending as rates rise. The rate on a 30-year fixed-rate mortgage averaged 4.72% last week, according to the Mortgage Bankers Association, up from 3.6% last May".

U.S. Employment Data December. A closer look at data, labor situation still Bleak.

The  number of unemployed persons in December was 10.4 millions.
 Among the unemployed, the number of job losers and persons who completed 
temporary jobs decreased by 365,000 in December to 5.4 million.
The number of long-term unemployed(those jobless for 27 weeks or more) was 3.9 million these 
individuals accounted for 37.7 % of the unemployed.


The number of persons employed part time for economic reasons (sometimes 
referred to as involuntary part-time workers) was essentially unchanged at 
7.8 million in December. These individuals were working part time because 
their hours had been cut back or because they were unable to find full-
time work. 

In December, 2.4 million persons were marginally attached to the labor force, 
little changed from a year earlier. (The data are not seasonally adjusted.) 
These individuals were not in the labor force, wanted and were available for 
work, and had looked for a job sometime in the prior 12 months. They were not 
counted as unemployed because they had not searched for work in the 4 weeks 
preceding the survey.


So if we take in account all these different definitions of employed persons that the U.S.
Bureau of Labor Statistics uses the Employment situation of the U.S. has improved but it still remains bleak

London market finished lower. ECB President Mario Draghi warned risks remain for the Euro Zone Recovery

The FTSE 100 finished 30.44 points lower at 6,691.34, falling 0.45% on the day.

Central banks were in focus today with the Bank of England and ECB both voting to leave interest rates unchanged, as widely expected. However, the following press conference with Draghi garnered the most attention given the surprise dip in inflation to 0.8% revealed earlier this week. 

Risks still remain, says Draghi

ECB President Mario Draghi warned today that risks still remain to the Eurozone recovery, including political, economic and financial. He said that the recovery was taking place but is "weak and modest", meaning that the ECB will need to maintain an accommodative stance "as long as needed". 

He said that the ECB expects a prolonged period of low inflation before prices begin to gradually rise close to its target of 2%. A drop in inflation to a four-year low of 0.7% in October prompted the ECB to cut rates in November.

However, as Market Analyst David Madden from IG explained: "Equities drift[ed] lower as Mario Draghi fail[ed] to convince the market that he can save the Eurozone from sinking into the abyss." 

Draghi attempted to reassure that the situation in the Eurozone was very different from Japanese deflationary environment in the 1990s.

Madden said: "On the surface all seems well in the region, but simply mentioning the Japanese crisis of the 1990's seems to have sent stocks sliding. Mr Draghi tried to reassure the market he has a few cards up his sleeve, but actions speak louder than words."

Source: LiveCharts

Bureau of labor Statistics: The Unemployment rate declined to 6.7% in December

 THE EMPLOYMENT SITUATION -- DECEMBER 2013


The unemployment rate declined from 7.0 percent to 6.7 percent in 
December, while total nonfarm payroll employment edged up (+74,000), 
the U.S. Bureau of Labor Statistics reported today. Employment rose 
in retail trade and wholesale trade but was down in information. 
Household Survey Data              
                
The number of unemployed persons declined by 490,000 to 10.4 million 
in December, and the unemployment rate declined by 0.3 percentage point 
to 6.7 percent. Over the year, the number of unemployed persons and the 
unemployment rate were down by 1.9 million and 1.2 percentage points, 
respectively. 

Among the major worker groups, the unemployment rates for adult men (6.3 
percent) and whites (5.9 percent) declined in December. The rates for adult 
women (6.0 percent), teenagers (20.2 percent), blacks (11.9 percent), and 
Hispanics (8.3 percent) showed little change. The jobless rate for Asians 
was 4.1 percent (not seasonally adjusted), down by 2.5 percentage points 
over the year. 

Among the unemployed, the number of job losers and persons who completed 
temporary jobs decreased by 365,000 in December to 5.4 million. The number 
of long-term unemployed (those jobless for 27 weeks or more), at 3.9 
million, showed little change; these individuals accounted for 37.7 percent 
of the unemployed. The number of long-term unemployed has declined by 894,000 
over the year. 

The civilian labor force participation rate declined by 0.2 percentage 
point to 62.8 percent in December, offsetting a change of the same 
magnitude in November. In December, the employment-population ratio was 
unchanged at 58.6 percent. The labor force participation rate declined by 
0.8 percentage point over the year, while the employment-population ratio 
was unchanged. 

The number of persons employed part time for economic reasons (sometimes 
referred to as involuntary part-time workers) was essentially unchanged at 
7.8 million in December. These individuals were working part time because 
their hours had been cut back or because they were unable to find full-
time work. 

In December, 2.4 million persons were marginally attached to the labor force, 
little changed from a year earlier. (The data are not seasonally adjusted.) 
These individuals were not in the labor force, wanted and were available for 
work, and had looked for a job sometime in the prior 12 months. They were not 
counted as unemployed because they had not searched for work in the 4 weeks 
preceding the survey. 
Among the marginally attached, there were 917,000 discouraged workers 
in December, down by 151,000 from a year earlier. Discouraged workers 
are persons not currently looking for work because they believe no jobs 
are available for them. The remaining 1.5 million persons marginally attached 
to the labor force in December had not searched for work for reasons such as 
school attendance or family responsibilities. 

Establishment Survey Data

Total nonfarm payroll employment edged up in December (+74,000). In 2013, 
job growth averaged 182,000 per month, about the same as in 2012 (+183,000 
per month). In December, job gains occurred in retail trade and wholesale 
trade, while employment declined in information. 

Employment in retail trade rose by 55,000 in December. Within the industry, 
job gains occurred in food and beverage stores (+12,000), clothing and 
accessories stores (+12,000), general merchandise stores (+8,000), and 
motor vehicle and parts dealers (+7,000). Retail trade added an average of 
32,000 jobs per month in 2013. 

In December, wholesale trade added 15,000 jobs. Most of the job growth 
occurred in electronic markets and agents and brokers (+9,000). Wholesale 
trade added an average of 8,000 jobs per month in 2013. 

Employment in professional and business services continued to trend up 
in December (+19,000). In 2013, job growth in professional and business 
services averaged 53,000 per month. Within the industry, temporary help 
services added 40,000 jobs in December, while employment in accounting and 
bookkeeping services declined by 25,000. 

Manufacturing employment continued to trend up in December (+9,000). 
Employment rose in primary metals (+4,000) and petroleum and coal products 
(+2,000), while electronic instruments (-4,000) lost jobs. Manufacturing 
added 77,000 jobs in 2013, compared with an increase of 154,000 jobs in 2012. 

Employment in mining edged up in December (+5,000). The industry added 
29,000 jobs over the year.      

Health care employment changed little in December (-6,000). Employment 
gains in the industry averaged 17,000 per month in 2013, compared with an 
average monthly gain of 27,000 in 2012. 

Employment in information fell by 12,000 in December, driven by a decline 
in the motion picture and sound recording industry (-14,000). Employment 
in information was essentially unchanged over the year. 

Construction employment edged down in December (-16,000).  However, in 
2013, the industry added an average of 10,000 jobs per month. Employment 
in nonresidential specialty trade contractors declined by 13,000 in 
December, possibly reflecting unusually cold weather in parts of the country. 

Employment in other major industries, including transportation and warehousing, 
financial activities, leisure and hospitality, and government, changed 
little in December.

The average workweek for all employees on private nonfarm payrolls edged 
down by 0.1 hour to 34.4 hours in December. The manufacturing workweek 
was unchanged, at 41.0 hours, and factory overtime edged up by 0.1 hour 
to 3.5 hours. The average workweek for production and nonsupervisory 
employees on private nonfarm payrolls edged down by 0.1 hour to 33.6 hours. 


In December, average hourly earnings for all employees on private nonfarm 
payrolls edged up by 2 cents to $24.17. Over the year, average hourly earnings 
have risen by 42 cents, or 1.8 percent. In December, average hourly earnings 
of private-sector production and nonsupervisory employees increased by 3 
cents to $20.35. 

The change in total nonfarm payroll employment for October remained at 
+200,000, and the change for November was revised from +203,000 to +241,000. 
With these revisions, employment gains in October and November were 38,000 
higher than previously reported. 

WSJ: Sugar Futures fall to the lowest level since June 29,2010.

"Raw sugar for March delivery on the ICE Futures U.S. exchange ended 1.7% lower at 15.48 cents a pound, the lowest settlement since June 29, 2010.
The International Sugar Organization expects supplies to outstrip demand by 4.7 million metric tons in the season that began Oct. 1, while a weaker Brazilian currency is encouraging selling from producers and adding to available supplies on the world market, traders said''.
Source: WSJ

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