2019年5月18日 星期六

Latest News Clips 2019.05.20




1.      I.M. Pei, Master Architect Whose Buildings Dazzled the World, Dies at 102
 
The National Gallery project helped Mr. Pei win the commission to renovate the Louvre in Paris. The 70-foot-high glass pyramid appalled preservationists, but the public eventually warmed to it.CreditClaude Paris/Associated Press

The New York Times  May 16, 2019
I. M. Pei, who began his long career designing buildings for a New York real estate developer and ended it as one of the most revered architects in the world, died early Thursday at his home in Manhattan. He was 102.

His death was confirmed by his son Li Chung Pei, who is also an architect and known as Sandi. He said his father had recently celebrated his birthday with a family dinner.
Best known for designing the East Building of the National Gallery of Art in Washington and the glass pyramid at the entrance to the Louvre in Paris, Mr. Pei was one of the few architects who were equally attractive to real estate developers, corporate chieftains and art museum boards (the third group, of course, often made up of members of the first two). And all of his work — from his commercial skyscrapers to his art museums — represented a careful balance of the cutting edge and the conservative.


   

Mr. Pei’s addition to the National Gallery of Art in Washington, known as the East Building, is made from massive blocks of Tennessee marble arranged around a triangular courtyard. It was a rare example of a modernist structure that appeared so permanent and well crafted that even lovers of traditional architecture were smitten.CreditCarol M. Highsmith/Buyenlarge, via Getty Images

Mr. Pei remained a committed modernist, and while none of his buildings could ever be called old-fashioned or traditional, his particular brand of modernism — clean, reserved, sharp-edged and unapologetic in its use of simple geometries and its aspirations to monumentality — sometimes seemed to be a throwback, at least when compared with the latest architectural trends.

This hardly bothered him. What he valued most in architecture, he said, was that it “stand the test of time.”
He maintained that he wanted not just to solve problems but also to produce “an architecture of ideas.” He worried, he added, “that ideas and professional practice do not intersect enough.”
Mr. Pei (pronounced pay), who was born in China and moved to the United States in the 1930s, was hired by William Zeckendorf in 1948, shortly after he received his graduate degree in architecture from Harvard, to oversee the design of buildings produced by Zeckendorf’s firm, Webb & Knapp.

At a time when most of his Harvard classmates considered themselves fortunate to get to design a single-family house or two, Mr. Pei quickly found himself engaged in the design of high-rise buildings, and he used that experience as a springboard to establish his own firm, I. M. Pei & Associates, which he set up in 1955 with Henry Cobb and Eason Leonard, the team he had assembled at Webb & Knapp.

In its early years, I. M. Pei & Associates mainly executed projects for Zeckendorf, including Kips Bay Plaza in New York, finished in 1963; Society Hill Towers in Philadelphia (1964); and Silver Towers in New York (1967). All were notable for their gridded concrete facades.
The firm became fully independent from Webb & Knapp in 1960, by which time Mr. Pei, a cultivated man whose understated manner and easy charm masked an intense, competitive ambition, was winning commissions for major projects that had nothing to do with Zeckendorf. Among these were the National Center for Atmospheric Research in Boulder, Colo., completed in 1967, and the Everson Museum of Art in Syracuse and the Des Moines Art Center, both finished in 1968.

They were the first in a series of museums he designed that would come to include the East Building (1978) and the Louvre pyramid (1989) as well as the Rock & Roll Hall of Fame and Museum in Cleveland, for which he designed what amounted to a huge glass tent in 1995. It was perhaps his most surprising commission.

2.      Why the US-China trade war won't last
CNN   May 14, 2019

New York (CNN Business)The United States and China don't just coexist. Their massive economies are deeply intertwined in ways that make the intensifying trade war unsustainable.
China's booming middle class is a critical growth engine for Boeing (BA), Apple, Nike (NKE) and other American brands. China is expected to keep growing in importance as a buyer. And America's insatiable appetite for cheap goods has created a Chinese factory juggernaut that employs millions of workers.
The world's two largest economies are each other's biggest trading partners. Nearly $700 billion in goods were sent between China and the United States in 2018 alone. And with $1.1 trillion of Treasuries, China is America's largest foreign creditor.

The United States has legitimate complaints about China's trading practices, and persuading China to open its market to American sellers is an important goal now and for the future.
But China and America need one another. The tit-for-tat tariff battle is threatening one of the world's vital economic relationships — and because of their size, the global economy. At a time when the two nations should be forging rules for the next 20 years, they are pointing a gun at one another.
Trade wars are simply bad economics."
," DAVID KELLY, CHIEF GLOBAL STRATEGIST AT JPMORGAN FUNDS
"We have to learn how to live with each other," said Keith Lerner, chief market strategist at SunTrust.
For good reason, the breakdown of the US-China relationship is spooking investors and economists alike.
The Dow plunged 617 points, or 2.4%, on Monday after China retaliated against tariffs announced last week. Beijing vowed to impose higher levies on $60 billion of US goods, everything from cotton and aircraft parts to wine and machinery.
"The risk of a full-blown trade war has materially increased," Tao Wang, chief China economist at UBS, wrote in a report to clients on Monday.
'Monstrous' risk
Tariffs are the weapons of choice as both sides attempt to improve their negotiating leverage. Consumers and businesses find themselves caught in the crossfire. The levies will increase costs, muddle supply chains and drive up debilitating uncertainty.
UBS cut its 2019 GDP growth forecast for China from 6.4% to 6.2%. While Beijing will try to soften the blow with stimulus, UBS said growth could slip below 6% in 2019 and 2020 if the trade war deepens.

"The risk is monstrous. It's very troubling," said David Kotok, chairman and chief investment officer at Cumberland Advisors.
The interconnectedness of China and the United States has been driven in part by the millions of people in China that have been lifted out of poverty.
"You have an expanding middle class wealth effect," said Kotok, who also serves as director of the Global Interdependence Center, an organization advocating for the expansion of free trade.
Sneakers, iPhones and LNG
China's customers are using their newfound wealth to buy more cars, iPhones and sneakers. That's a massive growth opportunity for General Motors (GM), Apple and Nike.
"A lot of China's rising middle class loves US brands," said SunTrust's Lerner.
And China's consumers are flying more, making the country Boeing's most important export market. But there's growing fear that Boeing could be used as a bargaining chip in the trade battle.

The United States sent $120.3 billion of goods to China in 2018, making it the No. 3 market behind only Canada and Mexico, according to the US Census Bureau.
America's energy boom makes it a great fit to help solve China's pollution problem. The United States is the world's fastest exporter of liquefied natural gas, a cleaner fuel that can help countries transition away from coal.
However, China's purchases of LNG have slowed during the trade war. And that trend may continue because Beijing on Monday raised tariffs on LNG from 10% to 25%.
China's transition to a consumer-led economy creates massive opportunities for foreign companies, especially US ones.
By 2027, rapid income growth will lift about 180 million low- and lower-middle-income households to a higher income bracket, according to a study by Bain & Co.
Much of the focus during the trade war has been about the goods exchanged between both nations. But American businesses are already cashing in by providing services to China's masses — and they're eager to sell even more as China matures.
While the United States has long had a goods deficit with China, it ran a services surplus of $40.5 billion in 2018. Leading services exports to China include travel, computer software and trademarks, according to the Office of the US Trade Representative.
China has long been a tantalizing place for American banks and investment firms. Financial services companies, hungry to lend to businesses and provide investment banking expertise, are pushing for greater access to China's underserved market.
China reliant on American consumers
At the same time, American companies have relied on China as a source of relatively affordable labor and parts. Retailers import merchandise from China. Apple (AAPL) imports iPhones that are assembled in China by manufacturers like Foxconn.
All told, the United States imported $539.5 billion of goods from China in 2018, according to the Census Bureau.

3.      DEADLY GERMS, LOST CURES
Citrus Farmers Facing Deadly Bacteria Turn to Antibiotics, Alarming Health Officials
In its decision to approve two drugs for orange and grapefruit trees, the E.P.A. largely ignored objections from the C.D.C. and the F.D.A., which fear that expanding their use in cash crops could fuel antibiotic resistance in humans.
Supported by
  May 17, 2019

ZOLFO SPRINGS, Fla. — A pernicious disease is eating away at Roy Petteway’s orange trees. The bacterial infection, transmitted by a tiny winged insect from China, has evaded all efforts to contain it, decimating Florida’s citrus industry and forcing scores of growers out of business.
In a last-ditch attempt to slow the infection, Mr. Petteway revved up his industrial sprayer one recent afternoon and doused the trees with a novel pesticide: antibiotics used to treat syphilis, tuberculosis, urinary tract infections and a number of other illnesses in humans.
“These bactericides give us hope,” said Mr. Petteway’s son, R. Roy, 33, as he watched his father treat the family’s trees, some of them 50 years old. “Because right now, it’s like we’re doing the doggy paddle without a life preserver and swallowing water.”
Since 2016, the Environmental Protection Agency has allowed Florida citrus farmers to use the drugs, streptomycin and oxytetracycline, on an emergency basis, but the agency is now significantly expanding their permitted use across 764,000 acres in California, Texas and other citrus-producing states. The agency approved the expanded use despite strenuous objections from the Food and Drug Administrationand the Centers for Disease Control and Prevention, which warn that the heavy use of antimicrobial drugs in agriculture could spur germs to mutate so they become resistant to the drugs, threatening the lives of millions of people.

The E.P.A. has proposed allowing as much as 650,000 pounds of streptomycin to be sprayed on citrus crops each year. By comparison, Americans annually use 14,000 pounds of aminoglycosides, the class of antibiotics that includes streptomycin.
   
An infected piece of fruit with signs of citrus greening disease. Its bitter-tasting juice made it unsellable.
Roy Petteway spraying orange groves with bactericides on his farm in Zolfo Springs, Fla.

The European Union has banned the agricultural use of both streptomycin and oxytetracycline. So, too, has Brazil, where orange growers are battling the same bacterial scourge, called huanglongbing, also commonly known as citrus greening disease.

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