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Daily Archives: August 30, 2022

Chart: U.S. Real Average Weekly Earning YoY

Source : Bloomberg

Infographic: 10 Years of Tinder

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Source : Visual Capitalist


Infographic: Uranium – The Fuel for Clean Energy

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Source : Visual Capitalist

Founder of China’s Huawei Urges Focus on Cash Flow, Survival in Downturn

David Kirton wrote . . . . . . . . .

The founder of China’s Huawei Technologies has told employees the company must shift its focus from pursuing scale to ensuring profits and cash flow as the global economy enters a long period of recession, media reported last week.

“With survival the main principle, marginal businesses will be shrunken and closed, and the chill will be felt by everyone,” founder Ren Zhengfei wrote in an email to staff on Monday, the financial news outlet Yicai reported.

Huawei said the email was for employees and declined to comment further.

Yicai did not elaborate on whether Ren explained which businesses were “marginal” but said he said “surplus personnel” would be moved to reserve teams.

Ren also drew attention to the importance of the company’s traditional focus on information and communications technology (ICT).

“We must be clear that building ICT infrastructure is Huawei’s historical mission, and the more difficult the times are, the more we cannot waver,” he said.

Huawei would “give up completely” in some unspecified countries, while next year it would reduce “blind” investment and expansion and maintain an appropriate business rhythm, the report said.

The global economy would continue to decline over the next decade, while war, the “continued blockade” from the United States and the COVID-19 pandemic would leave “no bright spot in the world” in the next three to five years, Yicai cited Ren saying.

The United States put Huawei on an export blacklist in 2019 that barred it from accessing critical technology of U.S. origin, hurting its ability to design chips and source components from outside vendors. The United States says Huawei is a security risk, which the company has denied.

Huawei’s first-half results showed a 52% drop in profits to 15.08 billion yuan, according to Reuters calculations, with a weak economy, COVID disruption and supply chain challenges hurting the company’s device business that sells smartphones and laptops.

Ren mentioned the company’s cloud computing, digital energy and smart car businesses as areas where the company should see development, according to the report.

Ren said the outlook for the company was uncertain beyond the next couple of years.

Source : Reuters

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华为任正非:经营方针要从追求规模转向利润和现金流 . . . . .

Infographic: Where Will the World’s Next 1,000 Babies Be Born?

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Source : Visual Capitalist

1 Million Square Feet of L.A. Roads Are Being Covered with Solar-reflective Paint

Elissaveta M. Brandon wrote . . . . . . . . .

It’s no secret by now that cities run hotter than the countryside: Fewer trees mean less shade, and concentrated human activity generates heat, which hard surfaces like pavement and parking lots absorb.

To combat the so-called urban heat island effect, some cities have been retrofitting public buildings into climate shelters, while others have been planting thousands of trees. One Los Angeles neighborhood is turning to solar-reflective paint.

The team behind the GAF Cool Community Project has just finished painting a whopping 1 million square feet of roads, playgrounds, and parking lots in Pacoima. The paint comes with special additives that reflect infrared light, meaning painted pavement ends up absorbing less heat.

Most of the surfaces have been painted a light shade of gray, but a local artist was commissioned to design a series of colorful murals on a basketball court, a school playground, and a parking lot.

The initiative comes on the heels of a series of dangerous heat waves in the U.S. affecting more than 16 million Americans. Painting streets may not be the silver bullet that fixes the urban heat island effect, but in Pacoima, it has already cooled the surface by about 10 to 12 degrees, highlighting the potential for a simple yet effective upgrade.

The project will now investigate how much the cooler surfaces will bring the neighborhood temperature down as a whole.

It’s not the first time that cities have turned to paint to reduce heat (though typically, that paint is white, like in New York City, where more than 10 million square feet of rooftops have been painted in the past 10 years).
The Pacoima project was led by roofing giant GAF as a philanthropic initiative, which has already worked with the City of Los Angeles’s Cool Streets Project and the L.A. Unified School District to paint almost 90 playgrounds and school parking lots across the city.

The idea is to see if a larger-scale initiative can have even greater cooling effects. For now, the data is anecdotal: When they measured in the middle of the day, the team noticed a 30-degree difference compared to untreated pavement. But over the next two years, the company will gather weekly data on the surface temperature throughout the neighborhood—and if the initiative proves successful, they’re hoping to replicate the model across other neighborhoods.

“The ultimate goal is not just to lower the ambient temperature of the community but to see how it impacts the livelihoods of people in the community,” says Jeff Terry, vice president of corporate social responsibility and sustainability at GAF.

The concept relies on a special kind of coating called Invisible Shade. (It’s produced by StreetBond, a GAF company.) Eliot Wall, StreetBond’s general manager, explains that Invisible Shade comes with additives that don’t just reflect visible light (like conventional white paint) but also infrared light (IR). (Sunlight consists of both types, but IR light accounts for most of the heat.)

“There’s a chance for a multiplier effect given those additives,” Wall says.

The Invisible Shade collection comes in 14 colors, but custom colors are also possible, like the range of shades developed for a “warming stripes” mural depicting the annual temperature change in L.A. County from 1895 to 2021.
“We created a visual connection,” Wall says. “And in doing so, created a space where people can spend more time.”

Source : Fast Company