Economy
World’s Largest Chip Maker to Raise Prices, Threatening Costlier Electronics – WSJ
The world’s largest contract chip maker is raising prices by as much as 20%, according to people familiar with the matter, a move that could result in consumers paying more for electronics.
Taiwan Semiconductor Manufacturing Co. plans to increase the prices of its most advanced chips by roughly 10%, while less advanced chips used by customers like auto makers will cost about 20% more, these people said. The higher prices will generally take effect late this year or next year, the people said.
Apple Inc. is one of TSMC’s largest customers and its iPhones use advanced microprocessors made in TSMC foundries. It couldn’t be determined how much more Apple would pay.
Supreme Court Ends Biden’s Eviction Moratorium – NY Times
The ruling followed political and legal maneuvering by the administration to retain protections for tenants. It puts hundreds of thousands at risk of being put out of their homes.
Environment
As disasters mount, central banks gird against threat of climate change – Grist
Climate change is rattling the world’s central bankers. With unprecedented heat and wildfires in the American West and southern Europe, and record floods racing through German towns and Chinese megacities in recent weeks, fears are growing among regulators of a coming cascade of climate-induced economic blows potentially more far-reaching and intractable than the financial crash just over a decade ago.
In the past two months, the central banks of the world’s five largest economies — the United States, China, the European Union, Japan, and the United Kingdom — have all raised the stakes in their demands for the commercial banks they regulate to make public the looming risks they face as wild weather takes hold.
Severe weather destroys thousands of acres of crop in Fairbank – CBS
Thousands of acres of corn and soybean in Fairbank were destroyed Tuesday night after severe storms rolled through eastern Iowa. A clearer picture of the scale of destruction was made clear on Wednesday.
Adrienna Olson with the Buchanan County Farm Service Agency says only a few reports from Fairbank and Hazelton Township have been reported. They include corn and soybean damage.
Strong winds, rain, and penny-sized hail are to blame for the destruction.
Health
California Legislature Guts Transportation Bill to Create Vaccine Mandate on Private Industry – California Globe
The Globe received word late Wednesday from Capitol sources that a gut-and-amend transportation bill is morphing into a bill ordering a vaccine mandate on private industry (seen below).
AB 455 by Assemblywoman Buffy Wicks (D-Oakland), was a bill to authorize the Bay Area Toll Authority to designate transit-only traffic lanes on the San Francisco-Oakland Bay Bridge, in consultation with the Department of Transportation, Caltrans.
Buffalo Bills receivers Isaiah McKenzie, Cole Beasley fined for COVID-19 protocol violations – ESPN
Buffalo Bills wide receivers Isaiah McKenzie and Cole Beasley on Thursday disclosed they were fined for violating the NFL’s COVID-19 protocol.
McKenzie tweeted out a picture of the letter he was sent by the NFL detailing multiple documented violations of the protocol. He said in a subsequent tweet that he was fined $14,650.
“They got me!” McKenzie wrote. “@NFL you win!”
Beasley did not disclose how much he was fined, only saying on Twitter that he was disciplined for not wearing a mask for “literally 5 steps” from the entry door to the locker room after wearing it “that whole day.”
With official Food and Drug Administration approval, the Pfizer / BioNTech mRNA COVID-19 vaccine can now be marketed as Comirnaty in the US, great news for general vaccine acceptance, sure, but also anyone who loves to fixate on bizarre drug names.
Japan suspends 1.63M doses of Moderna over contamination – AP
Japan suspended use of about 1.63 million doses of Moderna vaccine Thursday after contamination was found in unused vials, raising concern of a supply shortage as the country tries to accelerate vaccinations amid a COVID-19 surge.
The health ministry said contamination was reported from multiple vaccination sites. Some doses might have been administered, but no adverse health effects have been reported so far, officials said.
The post Daily Digest 8/27 — World’s Largest Chip Maker to Raise Prices; As Disasters Mount, Central Banks Gird Against Threat of Climate Change… appeared first on Peak Prosperity.
from Peak Prosperity https://ift.tt/3sT4Ylg
