BEIJING (AP) — Growth in Chinese factory activity was weak in September, export orders fell and employers cut jobs, two surveys showed Friday, adding to pressure on lackluster economic growth. A monthly purchasing managers’ index released by business news magazine Caixin fell to 48.1 from August’s 49.5 on a 100-point scale in which readings below 50 indicate activity contracting. A separate PMI by an official industry group rose to 50.1 from 49.4. “The surveys suggest that China's economy continued to lose momentum,” Zichun Huang of Capital Economics said in a report. That adds to complications for Chinese leaders who are trying to reverse an economic slump after growth fell to 2.2% in the first six months of 2022, less than half the 5.5% official target. Those efforts have been hampered by weak global and Chinese consumer demand and a slump in real estate activity caused by an official crackdown on the industry’s use of debt. Caixin’s index of new export orders fell to a … [Read more...] about China manufacturing weak, adding to economy pressure
A new study that investigates the flooding risks to hospitals within a mile of the Atlantic and Gulf Coasts during category 1-4 storms highlights concerns with at least a few facilities along Connecticut's shoreline. The study, conducted by the Harvard School of Public Health and Boston University, found that even weak storms pose a severe risk of flooding to certain hospitals even without sea level rise. As expected, flood risks increase with a projected sea level rise of 2.6 feet increase the vulnerability of hospitals up and down the coast to storm surges, even for “mild” storms. In Connecticut the two most at-risk hospitals are Milford Hospital which is projected to suffer flooding from storm surges during a category 3 hurricane. Yale New Haven Hospital is projected to be at risk with 2.6 feet of sea level rise. "I think our study is a call to action to hospitals," said study author Dr. Alexandra Gast, a professor of family medicine Boston University School of Medicine. … [Read more...] about Some Connecticut hospitals at risk of flooding in hurricanes, study shows
Listen to this article Red Bull Max Verstappen, Red Bull Racing RB18 Photo by: Alessio Morgese Even before Red Bull streaked well clear of Ferrari in the 2022 constructors’ championship, it had both drivers signed up for next season. Stability is the name of the game as an uber-long deal to retain Max Verstappen means he will again lead the outfit over compliant team-mate Sergio Perez . Confirmed 2023 drivers Driver 1 : Max Verstappen – Red Bull has the reigning world champion under lock and key, with Verstappen contractually committed to the team until 2028 after signing a five-year extension earlier this season. The deal could net the driver up to €50million a year. Driver 2 : Sergio Perez – After winning this season’s Monaco Grand Prix, the Mexican let slip on his way to the podium that he’d just inked a new deal. Days later, it was announced that Perez had signed on until 2024. But he will need to address his late-campaign slump in form. … [Read more...] about 2023 Formula 1 driver market: Which drivers are going where?