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German construction workers threaten nationwide strike for higher pay A construction site in Berlin, where labourers have taken to the streets to push their pay demands (Dreamstime) The president of IG Bau, the union that represents 900,000 of Germany’s construction workers, has said a nationwide strike was “more likely than ever before in the past 20 years” in support of a demand for higher pay and other compensations. Robert Feiger made his remarks to the Sueddeutsche Zeitung as arbitration began between IG Bau and the Central Association of the German Construction Industry (ZDB) and the Main Association of the German Construction Industry. The two sides have been in talks over improved conditions since May, without reaching a resolution. investigate this site The arbitration will be carried out by the Federal Social Court. If this fails, Feiger said the union could call its first nationwide strike since 2002. “And we know how to strike,” he added. The union is calling for a 5.3% wage increase as well as higher payment for travel times to sites that are often remote from workers’ homes. This latter demand, which has been on the table since 2018, is seen as the main sticking point between the two sides. Feiger warned: “Without the employers giving in, there will be no agreement with us this time.” The Sueddeutsche Zeitung reported that the employers entered the arbitration in similarly confrontational style. Uwe Nostitz, vice president of ZDB, accused the union of spreading fake news, and claimed that it was untrue that the commuting time payments had been ignored. He said that the construction allowance gave workers an average of €1,000 a year for travel, and was part of framework agreements, which meant it could not be part of wage negotiations. In Berlin, hundreds of construction workers protested with kettledrums and trumpets to publicise their demand for a bigger share of the profit from Germany’s present construction boom. Wages in Germany have been rising rapidly in the aftermath of the Covid-19 pandemic, and were 5.5% higher, year on year, than the second quarter of the year. In another wage conflict, Germany’s 16 federal states and unions will start negotiations today over higher pay for more than 2.3 million public sector workers. In the public sector, unions are demanding a 5% pay increase, with a guaranteed rise of at least €150 a month for the lowest paid and €300 for healthcare workers. Image: A construction site in Berlin, where labourers have taken to the streets to push their pay demands (Dreamstime)

https://www.globalconstructionreview.com/german-construction-workers-threaten-nationwide-strike-for-higher-pay/

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[Insurance]

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[Construction]

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[Finance]

Sony Considering Manufacturing It's Own Chips Amidst Shortage Remember those microprocessor chips? They're still not easily available. A strange domino effect that began with US trade restrictions on China has ended with a supply shortage in gaming consoles. In order to combat this shortage, which may last well into next year, Sony may be considering manufacturing its own chips in partnership with TSMC. According to Reuters , a Nikkei report said that Sony and TSMC have considered setting up a plant in Kumamoto, Japan. It will be ready by 2024 and manufacture microprocessors for various products which have suffered due to the shortage; presumably video game consoles will be a part of this as well. However, Reuters states that both parties have refused to comment. The Japanese government is reportedly ready to pay for some of the investment of about 800 billion yen ($7.15 billion). RELATED: Ghost Of Tsushima Is About As Basic As Open World Games Get, But Makes Up For It With Pure Style We've heard from a number of major companies that the global chip shortage will last well into the next year. Most recently, Xbox boss Phil Spencer noted that the console shortage will continue for a while . He said that "the markets where the demand is, there are multiple kinds of pinch points in that process.” One of those pinch points is without a doubt the chip supply. Last month, a representative from Toshiba mentioned that the chip shortage could affect game consoles well into 2023 . "The supply of chips will remain very tight until at least September next year. In some cases, we may find some customers not being fully served until 2023,” said Takeshi Kamebuchi, a Toshiba director. “Game console makers are among the customers making the strongest demands and I’m sincerely sorry for their frustration as none of them have a 100% satisfaction.” The shortage is so severe that it has affected several industries including automobile, aviation, and home appliance just to name a few. U.S. president Joe Biden signed an executive order that will review supply chains for four critical products, including semiconductor chips. "I'm directing senior officials in my administration to work with industrial leaders to identify solutions to the semiconductor shortfall," said Biden earlier this year. "Congress has authorised a bill but they need...

https://www.thegamer.com/sony-tsmc-manufacturing-microprocessor-chips-shortage/

isn't prepared. "It's just bonkers to think about," said Matthew Eby, First Street Foundation's executive director. "One-in-four pieces of critical infrastructure in the country have operational risks, meaning that they have the risk of becoming inoperable," Eby said. Some 2 million miles of roads could become impassable, with risk rising over the next three decades. Roughly 17% of social infrastructure facilities like schools and 14% of all residential properties are also vulnerable, according to the research. The report comes as Congress ponders investing trillions, including a bipartisan infrastructure bill , to address the outdated systems that help the nation run on a daily basis. The U.N. last week warned the world is woefully unprepared for climate-induced disasters including flooding . Most at risk, according to First Street, are areas along the Atlantic and Gulf coasts as well as the Northwestern U.S.  Coastal areas in the southeastern part of the country as well as areas in the Appalachian Mountains, like West Virginia, also top of the list of places most at risk from climate-driven disasters. These inland areas could be particularly vulnerable because historically — prior to the advent of widespread climate change — they haven't experienced this degree of flooding.

https://www.cbsnews.com/news/a-quarter-of-the-nations-roads-in-peril-against-flooding-report-on-infrastructure-risk-says/

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