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That sinking feeling: As China slows, so does Otis Elevator

2015-08-23 17:01:40| Paper - Topix.net

As China's economy has grown and skyscrapers sprouted in cities extending ever westward from the Pacific coast, Otis Elevator Co. went along for the ride.

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That sinking feeling: As China slows, so does Otis Elevator

2015-08-23 16:49:30| Industrial Machines - Topix.net

Otis elevator, which rose with China's strengthening economy, now faces declining revenue as the world's second-largest economy slows. Parent company United Technologies Corp. has said for years that increasing urbanization in China will be key to growth in elevator sales and maintenance as high-rise buildings soar in China's cities.

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California is sinking. Blame the drought

2015-08-20 19:14:00| Climate Ark Climate Change & Global Warming Newsfeed

Grist: California is sinking. New data released by NASA reveals that parts of the the Central Valley are sinking faster than previously expected - over two inches a month in some places. Corcoran, home of the California State Prison (and Charles Manson), sank 13 inches in just eight months. The cause, according to officials, is the rapid pumping of groundwater in response to the drought plaguing the state. From the Associated Press: "We are pumping at historic levels," said Mark Cowin, head of...

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Washington, DC sinking fast, adding to threat of sea-level rise

2015-07-28 17:02:00| Climate Ark Climate Change & Global Warming Newsfeed

ScienceDaily: New research confirms that the land under the Chesapeake Bay is sinking rapidly and projects that Washington, D.C., could drop by six or more inches in the next century--adding to the problems of sea-level rise. This falling land will exacerbate the flooding that the nation's capital faces from rising ocean waters due to a warming climate and melting ice sheets--accelerating the threat to the region's monuments, roads, wildlife refuges, and military installations. For sixty years, tide gauges have...

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AirAsia says sinking Kuala Lumpur terminal poses security risks

2015-07-27 01:00:00| Airport Technology

The sinking Kuala Lumpur International Airport 2 (Klia2) terminal is a potential risk to operations and passengers, Malaysian airline operator AirAsia has warned.

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