Never Contemplated Insurance?

Aug 01, 2021

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Oh, Come On. Fire at Microchip Factory Exacerbates Shortage A worldwide shortage of microprocessors already has car manufacturers shutting down some factories and slowing others . The shortage hasn’t raised consumer prices in any measurable way, yet , and analysts have begun to speculate that it will ease in the second half of 2021. But fire is responsible for stopping production at a microchip factory in Japan. The company, Renesas Electronics, makes about 30 percent of the automotive sector’s microprocessors worldwide. The consequences of the fire are far from clear. Bloomberg reports that it has automakers worried enough to dispatch “workers to the damaged site to help with recovery activities.” A Honda spokesperson told reporters, “We are gathering information and trying to see if this will affect us or not.” Toyota and Nissan similarly said they are assessing whether their operations will be furthered slowed by the web site fire. Seiji Sugiura, a senior analyst at Tokai Tokyo Research Institute, said that “It will probably take more than a month to return to normal supply. Given that, even Toyota will face very unstable production in April and May. I think Honda, Nissan, and other makers will also be facing a difficult situation.” Several automakers have begun seeking creative solutions to the shortage. General Motors this month began shipping pickup trucks to dealerships with some chips missing. The company says they are no longer able to offer some features due to chip supply limits. Ram, meanwhile, has announced that it will build some Ram 1500 Classic trucks without crucial chips. It plans to add the chips to the parked trucks once the supply recovers. The best cars and best deals delivered to your inbox By subscribing, you agree to our privacy policy

https://www.kbb.com/car-news/oh-come-on-fire-at-microchip-factory-exacerbates-shortage/

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[Finance]

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State Sen. John Velis, D-Westfield, a legislative champion for the project and chairman of the Joint Committee on Veterans and Federal Affairs, said the Division of Capital Asset Management and Maintenance assured him earlier this month that it was all systems go for the new facility. A statement released by the construction collaborators emphasized commitment to the state’s veterans and expertise in building some of the state’s most sophisticated health care facilities. “As a veteran-owned firm, we are honored that the Commonwealth chose the Commodore Walsh team to build the new Holyoke Soldiers’ Home,” said Commodore president and CEO Joe Albanese, also a decorated military veteran and retired U.S. Navy captain, according to the statement. “This project could not be more important to us — and our commitment is to ensure that we respect the legacy of our veterans by providing them with the facilities, services and amenities that they deserve,” Albanese added. Walsh Brothers is a fourth-generation, family-run firm that has built or enhanced some of those most sophisticated medical institutions in Greater Boston, including Massachusetts General Hospital, Dana-Farber Cancer Institute and Brigham and Women’s Hospital, according to the statement. “It is an absolute privilege and honor to be part of the team collaborating on this very special special building for so many deserving veterans,” said Richard C. Walsh, president and CEO of Walsh Brothers. If all goes as planned, the project is estimated for completion in 2026, state officials have said. Plans for the new long-term care facility caught fire after at least 78 veterans lost their lives to COVID-19 when the pandemic took hold in the spring of 2020. The death toll shocked the public’s conscience and spurred swift action by Gov. Charlie Baker and the state Legislature. The facility’s former superintendent, Bennett Walsh, and onetime medical director, Dr. David Clinton, resigned over the matter and were later indicted on criminal neglect charges in Hampden Superior Court. Both have denied the charges, and lawyers for Bennett Walsh have argued he was scapegoated by state officials. The new facility is slated to include 234 beds in primarily private rooms, larger common areas and green spaces, an adult day health component and other amenities. It will replace the building on Cherry Street in Holyoke that was constructed to receive wounded World War II veterans.

https://www.masslive.com/news/2021/07/state-awards-400-million-construction-contract-for-new-holyoke-soldiers-home.html