Earth

Ethanol Helps Plants Survive Drought (cnn.com) 26

Bruce66423 shares a report from The Telegraph: Academics from Japan have found that ethanol helps make plants more drought-resistant (Warning: source paywalled; alternative source) and better able to survive an extended bout of dry weather. Experiments found that getting plants drunk helps crops flourish while sober plants become shrunken and disheveled. Plants lose water through their leaves when pores called stomata open to allow it to escape, but ethanol helps keep these closed, the scientists found, thus improving water retention. Genetic analysis of the plant also showed that plants switch on drought-fighting genes when ethanol is picked up by the roots. This not only stopped the loss of water through the vent-like stomata but also saw the plant activate a process where it actually uses the alcohol for fuel.

Photosynthesis, the vital process that plants use to make energy from sunlight, needs water, but in the study, published in the journal Plant and Cell Physiology, the team found the plant can do this with ethanol instead in times of drought to further conserve dwindling supplies while also still making energy. This metabolizing of alcohol also means that shops would not be stocked with alcohol-infused foods if an alcohol-aided plant was harvested as it would have long ago been turned into energy by the plant.
"There are some interesting questions to ask about WHY this pathway exists in plants," adds Slashdot reader Bruce66423. "The article doesn't talk about the concentration needed."
Anime

World's Largest Japanese Anime Database 'Anime Taizen' Opens To the Public (crunchyroll.com) 23

The world's largest comprehensive database on Japanese anime, Anime Taizen, was opened to the public today, August 25, at 13:00 (JST). Taizen means "A book that collects all things related to the matter" in Japanese. Crunchyroll reports: Since 2015, The Association of Japanese Animations (AJA) has been promoting the "Anime NEXT_100" project to commemorate the 100th anniversary of Japanese animation. As a major initiative of the project, this database was first released on a trial basis on October 22, 2021, and after confirming functionality and operation, and making improvements and updates, it has now been released to the public. As of the end of July 2022, Anime Taizen has approximately 15,000 registered titles, mainly Japanese commercial anime works released from 1917 to the present. In addition to title name searches, the database has search functions for chronology, Japanese syllabary, keywords, etc. As a result of the research to date, the number of episodes amounts to approximately 180,000.
Sony

Sony Raises PlayStation 5 Prices Outside the US Citing Economic Challenges (techcrunch.com) 26

Sony has raised the price of PlayStation 5 in most major markets, citing "challenging economic conditions" such as high global inflation rates and adverse currency trends, the latest in a series of challenges engulfing the current generation gaming console. From a report: The new price, which largely varies between $30 to $80, goes immediately into effect in Europe, the UK, China, Australia, Mexico and Canada, the company said in a blog post. The revised price will hit Japan on September 15, said the Japanese conglomerate. The U.S. is not impacted by the price hike, the company confirmed. "While this price increase is a necessity given the current global economic environment and its impact on SIE's business, our top priority continues to be improving the PS5 supply situation so that as many players as possible can experience everything that PS5 offers and what's still to come," Sony said in the post.
Japan

Japan Signals Return To Nuclear Power To Stabilize Energy Supply (reuters.com) 229

Japan will restart more idled nuclear plants and look at developing next-generation reactors, Prime Minister Fumio Kishida said on Wednesday, setting the stage for a major policy shift on nuclear energy a decade after the Fukushima disaster. Reuters reports: Japan has kept most of its nuclear plants idled in the decade since a massive earthquake and tsunami in 2011 triggered a nuclear meltdown at the Fukushima Daiichi power plant. Quake-prone Japan also said it would build no new reactors, so a change in that policy would be a stark turnaround. Kishida told reporters he had instructed officials to come up with concrete measures by the year end, including on "gaining the understanding of the public" on sustainable energy and nuclear power.

Government officials met on Wednesday to hammer out a plan for so-called "green transformation" aimed at retooling the world's third-largest economy to meet environmental goals. Nuclear energy, which was deeply opposed by the public after the Fukushima crisis, is now seen by some in government as a component for such green transformation. Public opinion has also shifted, as fuel prices have risen and an early and hot summer spurred calls for energy-saving.

Science

Dogs Produce Tears When Reunited With Owners, Study Finds (theguardian.com) 10

If your canine companion ain't nothing but a hound dog, crying all the time, it may be because they are brimming with emotion. From a report: Researchers in Japan say they have found that dogs produce tears when reuniting with their owners. What's more, the blubbing appears to be linked to levels of the "bonding hormone" oxytocin. "This is the first report demonstrating that positive emotion stimulates tear secretion in a non-human animal, and that oxytocin functions in tear secretion," the team said. Writing in the journal Current Biology, they describe how eye contact between humans and dogs encourages the former to care for the latter, while the gaze of a dog can cause a release of oxytocin in its owner. Dogs have also evolved the ability to raise their inner eyebrows, a trait that scientists say induces humans to nurture them. Now researchers in Japan have found tears might have a similar effect.

"I have two standard poodles and I had one female pregnant six years ago," Prof Takefumi Kikusui, a co-author of the research at Azabu University, told the Guardian. Noticing her face was more tender than usual when nursing her puppies, Kikusui realised her eyes were teary. "That gave me the idea that oxytocin might increase tears," he said. "We previously observed that oxytocin is released both in dogs and owners when interacting. So we conducted a reunion experiment." In the first step, the team measured the volume of tears produced by 18 dogs when in their normal home environment with their owner, using Schirmer's test. This involves placing a special strip of paper inside the lower eyelid and measuring how far along the strip the moisture travels.

Businesses

Taiwan Says It Has Not Been Informed of 'Chip 4' Meeting (reuters.com) 19

Taiwan said on Friday it has not been informed about a so-called 'Chip 4' meeting that would include it, the United States, South Korea and Japan but added the island has always cooperated closely with the United States on supply chains. From a report: South Korean Foreign Minister Park Jin this week said Seoul expects to attend a preliminary meeting of the four chip manufacturing nations, describing the gathering as U.S.-led. He did not elaborate on what would be discussed. A meeting would come amid a global chip crunch that began two years ago with the onset of the pandemic and on the heels of a new U.S. law this month called the CHIPS Act that includes $52 billion in subsidies for companies that make chips or conduct chip research in the United States. The Biden administration has also sought deeper cooperation with Japan and South Korea to become more competitive with China's science and technology efforts.
Japan

Japan Wants Young People To Drink More Alcohol (cnn.com) 196

The Japanese government has been hit in the pocket by an unusual problem -- its young people aren't drinking enough. From a report: Since the pandemic began, bars and other premises selling alcohol have been hit hard by Covid-19 restrictions, causing sales -- and liquor tax revenues -- to plummet in the world's third-largest economy. The government's solution? Launch a contest to find new ways to encourage young people to drink more. The "Sake Viva!" campaign, overseen by the National Tax Agency, invites participants to submit ideas on how to "stimulate demand among young people" for alcohol through new services, promotional methods, products, designs and even sales techniques using artificial intelligence or the metaverse, according to the official competition website.

"The domestic alcoholic beverage market is shrinking due to demographic changes such as the declining birthrate and aging population, and lifestyle changes due to the impact of Covid-19," said the website, adding that the competition aimed to "appeal to the younger generation ... and to revitalize the industry." The contest includes promotional ideas for all types of Japanese alcohol, with applications open until September 9. Finalists will be invited to an expert consultation in October, before a final tournament in November in Tokyo. The winner will receive support for their plan to be commercialized, according to the tax office.

Power

Germany To Keep Last Three Nuclear-Power Plants Running In Policy U-Turn (telegraph.co.uk) 260

Germany plans to keep its remaining nuclear power plants open for longer in a major U-turn as it scrambles to keep the lights on this winter with less Russian gas. The Telegraph reports: Officials have concluded the plants are needed due to gas shortages and they can be kept open without safety concerns, the Wall Street Journal reported. Germany pledged to phase out nuclear power after the Fukushima disaster in Japan in 2011, which hardened opposition to the technology. Berlin has been under pressure to change course since the invasion of Ukraine to limit the impact of the gas crisis on manufacturers and households. Germany has three plants left, operated by E.ON, EnBW and RWE, supplying about 6pc of the country's electricity. They are currently due to close at the end of the year. Any extension has yet to be officially adopted and details remain under discussion, the Wall Street Journal added. It came as Norway warned it could not do more to help Germany avoid a gas crisis this winter as Russia restricts supplies.
The Military

Parts of Europe's Largest Nuclear Plant 'Knocked Out' By Russia-Ukraine Fighting (cnn.com) 202

On Thursday the International Atomic Energy Agency's director "warned that parts of the Zaporizhzhia nuclear plant had been knocked out due to recent attacks, risking an 'unacceptable' potential radiation leak," according to CNN: "IAEA experts believe that there is no immediate threat to nuclear safety," but "that could change at any moment," Grossi said.... Ukraine's nuclear agency Energoatom said 10 shells landed near the complex on Thursday, preventing a shift handover. "For the safety of nuclear workers, the buses with the personnel of the next shift were turned back to Enerhodar," the agency said. "Until the situation finally normalizes, the workers of the previous shift will continue to work."

Energoatom said radiation levels at the site remained normal, despite renewed attacks.

Several Western and Ukrainian officials believe that Russia is using the giant nuclear facility as a stronghold to shield their troops and mount attacks, because they assume Kyiv will not return fire and risk a crisis.

Later CNN added: Ukraine and Russia again traded blame after more shelling around the plant overnight on Thursday, just hours after the United Nations called on both sides to cease military activities near the power station, warning of the worst if they didn't.

"Regrettably, instead of de-escalation, over the past several days there have been reports of further deeply worrying incidents that could, if they continue, lead to disaster," UN secretary general, António Guterres, said in a statement....

Energoatom, Ukraine's state-run nuclear power company, accused Russian forces on Thursday of targeting a storage area for "radiation sources," and shelling a fire department nearby the plant. A day later, the company said in a statement on its Telegram account that the plant was operating "with the risk of violating radiation and fire safety standards."

Ukraine's Interior Minister, Denys Monastyrskyi, said Friday that there was "no adequate control" over the plant, and Ukrainian specialists who remained there were not allowed access to some areas where they should be.... Last weekend, shellfire damaged a dry storage facility — where casks of spent nuclear fuel are kept at the plant — as well as radiation monitoring detectors, making detection of any potential leak impossible, according to Energoatom. Attacks also damaged a high-voltage power line and forced one of the plant's reactors to stop operating.

Tonight the BBC reported on a response from Ukraine's president. In his nightly address on Saturday, Volodymyr Zelensky said any soldier firing on or from the plant would become "a special target" for Ukraine. He also accused Moscow of turning the plant into a Russian army base and using it as "nuclear blackmail"...

Zelenskiy added that "every day" of Russia's occupation of the plant "increases the radiation threat to Europe"....

A BBC investigation revealed earlier this week that many of the Ukrainian workers at the site are being kept under armed guard amid harsh conditions.

UPDATE (8/14): "Ukraine's military intelligence agency said that on Saturday, Russian artillery fire hit a pump, damaged a fire station and sparked fires near the plant that could not be immediately extinguished because of the damage to the fire station," reports the New York Times: Engineers say that yard-thick reinforced concrete containment structures protect the reactors from even direct hits. International concern, however, has grown that shelling could spark a fire or cause other damage that would lead to a nuclear accident.

The six pressurized water reactors at the complex retain most sources of radiation, reducing risks. After pressurized water reactors failed at the Fukushima nuclear complex in Japan in 2011, Ukraine upgraded the Zaporizhzhia site to enable a shutdown even after the loss of cooling water from outside the containment structures, Dmytro Gortenko, a former plant engineer, said in an interview....

"Locals are abandoning the town," said the former engineer, who asked to be identified by only his first name, Oleksiy, because of security concerns. Residents had been leaving for weeks, but the pace picked up after Saturday's barrages and fires, he said.

China

China Overtakes the US In Scientific Research Output (theguardian.com) 127

An anonymous reader quotes a report from The Guardian: China has overtaken the US as the world leader in both scientific research output and "high impact" studies, according to a report published by Japan's science and technology ministry. The report, which was published by Japan's National Institute of Science and Technology Policy (NISTP) on Tuesday, found that China now publishes the highest number of scientific research papers yearly, followed by the US and Germany. The figures were based on yearly averages between 2018 and 2020, and drawn from data compiled by the analytics firm Clarivate.

The Japanese NISTP report also found that Chinese research comprised 27.2% of the world's top 1% most frequently cited papers. The number of citations a research paper receives is a commonly used metric in academia. The more times a study is cited in subsequent papers by other researchers, the greater its "citation impact." The US accounted for 24.9% of the top 1% most highly cited research studies, while UK research was third at 5.5%. China published a yearly average of 407,181 scientific papers, pulling ahead of the US's 293,434 journal articles and accounting for 23.4% of the world's research output, the report found. China accounted for a high proportion of research into materials science, chemistry, engineering and mathematics, while US researchers were more prolific in research into clinical medicine, basic life sciences and physics.
"China is one of the top countries in the world in terms of both the quantity and quality of scientific papers," Shinichi Kuroki of the Japan Science and Technology Agency told Nikkei Asia. "In order to become the true global leader, it will need to continue producing internationally recognized research."
Science

Scientists Create a More Sustainable LED From Fish Scales (smithsonianmag.com) 25

Scientists have discovered that by microwaving fish waste, they can quickly and efficiently create carbon nano-onions (CNOs) -- a unique nanoform of carbon that has applications in energy storage and medicine. This method could be used to make cheaper and more sustainable LEDs in the future. The researchers from Nagoya Institute of Technology in Japan published their findings in Green Chemistry. Smithsonian Magazine reports: CNOs are nanostructures with spherical carbon shells in a concentric layered structure similar to an onion. They have "drawn extensive attention worldwide in terms of energy storage and conversion" because of their "exceptionally high electrical and thermal conductivity, as well as large external surface area," per the paper. They've been used in electronics and for biomedical applications, such as bio-imaging and sensing and drug delivery, write the authors in the study. Though CNOs were first reported in the 1980s, conventional methods of manufacturing them have required high temperatures, a vacuum and a lot of time and energy. Other techniques are expensive and call for complex catalysts or dangerous acidic or basic conditions. This "greatly limits the potential of CNOs," per a statement from Nagoya Institute of Technology.

The newly discovered method requires only one step -- microwave pyrolysis of fish scales extracted from fish waste -- and can be done within ten seconds, per the authors. How exactly the fish scales are converted into CNOs is unclear, though the team thinks it has to do with how collagen in the fish scales can absorb enough microwave radiation to quickly increase in temperature. This leads to pyrolysis, or thermal decomposition, which causes the collagen to break down into gasses. These gasses then support the creation of CNOs. This method is a "straightforward way to convert fish waste into infinitely more useful materials," and the resulting CNOs have a high crystallinity, which gives them "exceptional optical properties," per the statement. They also have high functionalization, which means they're "bonded to other small molecules on their surface," writes Ellen Phiddian for Cosmos. This combination of attributes means the CNOs can glow bright blue.

Movies

Live-Action Pac-Man Movie In the Works (hollywoodreporter.com) 66

A live-action film based on PAC-MAN is in the works from Bandai Namco Entertainment -- the company behind PAC-MAN -- and Wayfarer Studios, the production company founded by Justin Baldoni and Steve Sarowitz. The Hollywood Reporter reports: First introduced in the U.S. in 1980 -- and originally called Puck Man in Japan -- PAC-MAN became a coin-operated staple. The game is set in mazes where Pac-Man has to eat pellets while being pursued by colorful ghosts as the mazes get progressively more difficult. The game begat merchandise, several sequel games like Ms. PAC-MAN, as well as two television series, including a Hanna-Barbera produced ABC series and a Disney XD take.

The project will be based on an original idea from Chuck Williams (Sonic the Hedgehog) of Lightbeam Entertainment. Baldoni, Manu Gargi and Andrew Calof will produce on behalf of Wayfarer Studios, with Tracy Ryerson developing; Williams and Tim Kwok will produce on behalf of Lightbeam.

Businesses

TSMC Warns Taiwan-China War Would Make Everybody Losers (cnbc.com) 197

An anonymous reader quotes a report from CNBC: If China were to invade Taiwan, the most-advanced chip factory in the world would be rendered "not operable," TSMC Chair Mark Liu said in an English-language interview with CNN this week. In the undated interview, Liu said that if Taiwan were invaded by China, the chipmaker's plant would not be able to operate because it relies on global supply chains. "Nobody can control TSMC by force. If you take a military force or invasion, you will render TSMC factory not operable," Liu said. "Because this is such a sophisticated manufacturing facility, it depends on real-time connection with the outside world, with Europe, with Japan, with U.S., from materials to chemicals to spare parts to engineering software and diagnosis." The remarks were aired as tensions between China and Taiwan have escalated in recent days as House Speaker Nancy Pelosi visits the island. "The war brings no winners, everybody's losers," Liu said.

Liu compared a potential conflict in Taiwan to Russia's invasion of Ukraine, saying that while the two conflicts are very different, the economic impact to other countries would be similar. He encouraged political leaders to try to avoid war. "Ukraine war is not good for any of the sides, it's lose-lose-lose scenarios," Liu said. Liu said an invasion of the territory would cause economic turmoil for China, Taiwan and Western countries. He said that TSMC sells chips to consumer-facing Chinese companies that need the company's services and the supply of advanced computer chips. "How can we avoid war? How can we ensure that the engine of the world economy continues humming, and let's have a fair competition," Liu said.
Further reading: US To Stop TSMC, Intel From Adding Advanced Chip Fabs In China
Space

Dark Matter From 12 Billion Years Ago Detected For the First Time (space.com) 18

Scientists have discovered dark matter around galaxies that existed about 12 billion years ago, the earliest detection yet of this mysterious substance that dominates the universe. Space.com reports: The findings, achieved by a collaboration led by researchers from Japan's Nagoya University, suggest that dark matter in the early universe is less 'clumpy' than predicted by many current cosmological models. If further work confirms this theory, it could change scientists' understanding of how galaxies evolve and suggest that the fundamental rules governing the cosmos could have been different when the 13.7 billion-year-old universe was just 1.7 billion years old. The key to mapping dark matter in the very early universe the cosmic microwave background (CMB), a sort of fossil radiation left over from the Big Bang that is distributed throughout the entire cosmos. [...]

The team combined lensing distortions of a large sample of ancient galaxies with those of the CMB to detect dark matter dating back to when the universe was just 1.7 billion years old. And this ancient dark matter paints a very different cosmic picture. "For the first time, we were measuring dark matter from almost the earliest moments of the universe," [University of Tokyo assistant professor Yuichi Harikane said in the statement]. "12 billion years ago, things were very different. You see more galaxies that are in the process of formation than at the present; the first galaxy clusters are starting to form as well." These clusters can be comprised of between 100 and 1,000 galaxies bound to large amounts of dark matter by gravity.

"Our finding is still uncertain," Harikane said. "But if it is true, it would suggest that the entire model is flawed as you go further back in time. This is exciting because if the result holds after the uncertainties are reduced, it could suggest an improvement of the model that may provide insight into the nature of dark matter itself." The team will continue to collect data to assess whether the Lambda-CDM model conforms to observations of dark matter in the early universe or if the assumptions behind the model need to be revised.

Security

New Gmail Attack Bypasses Passwords and 2FA To Read All Email (forbes.com) 37

An anonymous reader quotes a report from Forbes: According to cyber security firm Volexity, the threat research team has found the North Korean 'SharpTongue' group, which appears to be part of, or related to, the Kimsuky advanced persistent threat group, deploying malware called SHARPEXT that doesn't need your Gmail login credentials at all. Instead, it "directly inspects and exfiltrates data" from a Gmail account as the victim browses it. This quickly evolving threat, Volexity says it is already on version 3.0 according to the malware's internal versioning, can steal email from both Gmail and AOL webmail accounts, and works across three browsers: Google Chrome, Microsoft Edge, and a South Korean client called Whale.

The U.S. Cybersecurity & Infrastructure Security Agency, CISA, reports that Kimsuky has been operating since 2012, and is "most likely tasked by the North Korean regime with a global intelligence gathering mission." While CISA sees Kimsuky most often targeting individuals and organizations in South Korea, Japan, and the U. S., Volexity says that the SharpTongue group has frequently been seen targeting South Korea, the U. S. and Europe. The common denominator between them is that the victims often " work on topics involving North Korea, nuclear issues, weapons systems, and other matters of strategic interest to North Korea."

The report says that SHARPEXT differs from previous browser extensions deployed by these hacking espionage groups in that it doesn't attempt to grab login credentials but bypasses the need for these and can grab email data as the user reads it. The good news is that your system needs to be compromised by some means before this malicious extension can be deployed. Unfortunately, we know all too well that system compromise is not as difficult as it should be. Once a system has been compromised by phishing, malware, unpatched vulnerabilities, whatever, the threat actors can install the extension using a malicious VB script that replaces the system preference files. Once that's done and the extension runs quietly in the background, it is tough to detect. The user logs in to their Gmail account from their normal browser on the expected system.
The security researchers recommend "enabling and analyzing PowerShell ScriptBlock logging" to detect whether you've been targeted by this attack, reports Forbes. Additionally, they recommend reviewing installed extensions regularly, especially looking for ones you don't recognize or are not available from the Chrome Web Store.
China

The US Is Investing Big in Chips. So Is the Rest of the World. (wsj.com) 45

A mega-spending package to grow U.S. semiconductor production must reckon with a tough reality: The world is already awash in chip-making incentives. From a report: What makes the U.S. effort unique is the enormous one-time sum -- roughly $77 billion in subsidies and tax credits -- earmarked to boost American manufacturing of the ubiquitous tech component. But other countries, especially in Asia, have doled out government dollars and offered favorable regulations for decades. And they plan for more.

China has prepared investments of more than $150 billion through 2030, according to one estimate. South Korea, with an aggressive array of incentives, aims to encourage roughly $260 billion in chip investments over the next five years. The European Union is pursuing more than $40 billion in public and private semiconductor investments. Japan is spending about $6 billion to double its domestic chip revenue by the end of the decade. Taiwan has around 150 government-sponsored projects for chip production over the past decade, with its leader pushing for more localized manufacturing of semiconductor equipment.

Japan

Japan To Foster Startups By Sending 1,000 People To Silicon Valley (japantoday.com) 30

Industry minister Koichi Hagiuda said in the United States Wednesday that Japan plans to encourage startup businesses by sending 1,000 people to Silicon Valley over five years to provide them with valuable entrepreneurial experience in the California tech hub. Japan Today reports: The government aims to draw up a five-year plan by year-end to target a 10-fold increase in the number of startup companies as part of its push to drive economic growth through innovation and the cultivation of human talent. Hagiuda told reporters after his visit to the headquarters of technology giant Google LLC that he was very impressed by the mentality there in which there is no fear of failure, and that it is something Japan can learn. "Struck out swinging is considered (an experience) that can lead (people) to the next stage, here in America," Hagiuda said.

The plan envisions sending 200 people from Japan to Silicon Valley annually starting in the new fiscal year that starts in April. It will expand a similar yet smaller program under which around 20 people have been sent there annually over the past seven years.Devoting more resources to startups is one of four pillars in the strategy Prime Minister Fumio Kishida has set out in pursuit of a new form of capitalism that focuses on growth through investment.

The Courts

Amazon Sues Admins From 10,000 Facebook Groups Over Fake Reviews (techcrunch.com) 31

An anonymous reader quotes a report from TechCrunch: Amazon filed a lawsuit Monday against the administrators of more than 10,000 Facebook groups that coordinate cash or goods for buyers willing to post bogus product reviews. The global groups served to recruit would-be fake reviewers and operated in Amazon's online storefronts in the U.S., the U.K., France, Germany, Spain, Japan and Italy. If 10,000 Facebook groups sounds like a lot, it's apparently the sum total of groups Amazon has reported to Facebook since 2020. The company notes that past legal action it's taken has been effective and "shut down multiple major review brokers," and yet here we are. They've been suing people for this stuff since all the way back in 2015.

The company named one group, "Amazon Product Review," which boasted more than 40,000 members until Facebook removed it earlier in 2022. That one evaded detection through the time-honored, AI-eluding strategy of swapping a few letters around in phrases that would get it busted. Amazon says that it will leverage the discovery process to "identify bad actors and remove fake reviews commissioned by these fraudsters that haven't already been detected by Amazon's advanced technology, expert investigators and continuous monitoring." The monitoring might be continuous but it's clear that thousands and thousands of illegitimate reviews push products across the online retailer's massive digital storefront every day, all around the world. And regulators are taking notice -- something that's bound to light a little fire under everyone's favorite online shopping monolith.

Businesses

Microsoft President Sees 'New Era' of Stagnating Labor Pool (reuters.com) 95

U.S. companies are facing a "new era" in which fewer people are entering the workforce and pressure to pay higher salaries may become permanent, Microsoft's President Brad Smith told Reuters in an interview. From a report: At the software maker's Redmond, Washington, headquarters, Smith highlighted one source of what he called today's "greater economic turbulence." In his office, he walked over to a wall-sized touchscreen device and pulled up a series of charts, showing how population growth has tumbled in the United States, Europe, China and Japan. The trend of around 5 million people expanding the U.S. working age population every five years since 1950 has shifted, starting in the period between 2016 and 2020 when growth slowed to 2 million, and is now slowing further, said Smith late last week, citing United Nations data. Major markets overseas have seen outright labor force declines. "That helps explain part of why you can have low growth and a labor shortage at the height at the same time. There just aren't as many people entering the workforce," said Smith, who oversees the nearly $2 trillion company selling cloud-computing services to major businesses.
Power

Panasonic To Build $4 Billion Battery Plant In Kansas To Meet Tesla Demand (nikkei.com) 43

An anonymous reader quotes a report from Nikkei Asia: Panasonic will invest $4 billion in a second U.S. electric vehicle battery factory in Kansas, its subsidiary Panasonic Energy announced on Thursday, confirming an earlier Nikkei report. The factory is expected to hire as many as 4,000 employees and supply a new high-capacity battery for Tesla. The decision follows Tesla's April opening of a second American EV factory in Texas to meet brisk demand.

Panasonic aims to triple or quadruple EV battery production capacity by fiscal 2028 from the current level of roughly 50 gigawatt-hours per year. It plans to install two production lines at a battery component factory in Wakayama Prefecture, Japan, in fiscal 2023 and begin manufacturing its new high-capacity model, the 4680. That investment is expected to total roughly 80 billion yen ($580 million). Panasonic had said it would determine whether to build new manufacturing facilities after seeing how production at the Wakayama plant fared in terms of profitability.

Increasing production demands from Tesla, a leading source of the Japanese electronics group's earnings, were likely a factor in the decision for a new U.S. plant, along with Panasonic's progress on the new technology. Prototypes started to ship in May. Emanuel noted that Panasonic's investment plan of up to $4 billion will create as many as 4,000 American jobs. Panasonic's first U.S. plant in Nevada, the Gigafactory 1, is jointly operated with Tesla. The Japanese company invested roughly 200 billion yen in that facility, which only began turning a profit in the year ended March 2021 as high defect rates kept mass production from getting off the ground.

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