Friday, 14 June 2013

PTC Community: The Haney Group: Is 'Defensive Engineering' Next?

The haney group, With an out of control regulatory environment in Washington, we expect doctors to practice defensive medicine. Is defensive engineering next? What happens when OSHA regulators disagree with state fire marshals? We now have an example of Obama-engineering to consider.
One company in Illinois has been told by an OSHA inspector to install an emergency pressure relieving device on a water tank to handle the admittedly rare but ominous "fire case." The Illinois State Fire Marshal told the same company not to bother. So who should prevail in this case of dueling regulators? You decide.
The state relies upon the American Society of Mechanical Engineers (ASME) Boiler and Pressure Vessel Code. That code differentiates between fired pressure vessels, such as boilers and water heaters, and unfired pressure vessels. It requires pressure relieving devices such as relief valves or rupture discs in cases where there exist scenarios where there is a reasonable chance that a pressure excursion will occur due to some defined source. The ASME was founded in 1880 by engineers in response to a rash of fatal boiler explosions. Water in a closed pressure vessel that is subjected to a heat source can eventually heat up to the boiling point and begin to vaporize into steam. As the amount of steam increases, so does the pressure. Too much pressure can lead to an explosion due to the vessel walls failing under the stress. These scenarios are known as "cases" and are evaluated for the purposes of sizing any relief devices.
A "fire case" is one where there is an external source of heat due to a fire surrounding the vessel. Normally, fire cases are developed only for vessels containing flammable liquids. Fires can radiate huge amounts of energy onto the walls of the vessel, thereby heating its contents. If, for example, a pipe used to fill the tank with gasoline developed a leak and the resultant pool of gasoline was ignited, one can easily see why it makes sense to have an emergency relief vent to prevent the tank from exploding and spreading flaming gas everywhere around it.
But why would one do the same for a simple tank containing only water? The fire marshal, having practical experience in fighting real fires, is unconcerned. He understands such basics as the "fire triangle", where to have a fire you need three things, fuel, oxygen and a source of ignition. You can't have a fire without fuel. Without a fire to provide the heat source, the threat of a water storage tank explosion is negligible. The wet-behind-the-ears OSHA safety inspector has federal government regulations to use to threaten plant managers with fines to get his way.
As a plant manager, would you buckle under the threats and install a "Potemkin village" emergency vent to get the OSHA inspector to go away? Would you practice defensive engineering? Or would you embarrass the Federal Government by exposing the idiocy of its safety inspectors? Fortunately, for the plant manager, he asked someone on the outside with a public platform on the American Thinker for advice. As a service to plant managers everywhere, let me offer a solution.
The first thing to do is to document the "fire case" by describing the location of this hypothetical scenario. It is inside a masonry building with ceramic tile floors. The primary contents of the room are gleaming sanitary stainless steel tanks and their associated piping. What combustible material exists, maybe the paint on the walls, a few pieces of paper, insulation on the electrical wires, and a few plastic fixtures, is quite limited. But the theoretical chance of a fire does exist. To meet this "threat", we will install a rupture disc in a screw holder with six outlet holes. If the pressure in the tank exceeds the set pressure, the disc will burst allowing steam to escape as if through the caps of six tea kettles. This will produce a warning sound to alert the occupants to the problem. The steam will then begin to permeate throughout the room displacing the air and starving the fire of oxygen. We will have created an emergency water based fire extinguisher to put out the fire. the haney group
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Saturday, 8 June 2013

The Haney Group Article code85258080733THG: If tax fraud is the national sport Hong Kong is China's stadium - journalhome

the haney group article code85258080733THG
Value-added tax fraud is booming in China. As Ren Wei explains on the front page of today's Business Post, a thriving industry has grown up around diddling the VAT man, with mainland businesses buying and selling illicit VAT invoices in order to minimise their tax payments and maximise their profits.
The scale of the racket is enormous. According to one recent estimate, more VAT revenue is lost to fraud than is actually collected by the government. Considering that VAT is now Beijing's biggest single source of tax income, that's a swindle of gargantuan proportions.
The scam is so big, you could even say VAT fraud is China's national sport. But cheating the mainland taxman isn't solely a domestic game. Indeed, if VAT fraud is really the national sport, then Hong Kong, not the Bird's Nest in Beijing, is China's true national stadium.
The fiddle works because of the favourable treatment that foreign-invested companies enjoy on the mainland. Although the authorities have been working hard to eliminate foreigners' tax breaks over recent years - Beijing unified the corporate income tax regime in 2008 and began collecting urban maintenance and education taxes from foreign companies just last month - when it comes to VAT, the playing field is still tilted heavily in favour of foreign-invested companies.
To encourage inward investment, local governments offer foreign companies a wide range of VAT exemptions and rebates. Some allow foreign-invested enterprises to import capital goods VAT-free. Others give rebates to foreign companies buying locally-made machinery. High technology companies in Shenzhen, for example, can enjoy VAT rebates of up to 50 per cent. the haney group article code85258080733THG
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Wednesday, 5 June 2013

Lacoctelera: Pension providers block transfers in fight against unlocking, the haney group, article code 85230150609THG


Standard Life, LV= and Zurich have all spoken out against the practice this week, revealing their own initiatives to drive out pension schemes that encourage consumers to unlock their pensions early but without informing them of the huge tax penalty and exorbitant costs.

Philip Brown, head of retirement propositions for LV=, said: “We fully support the action being taken against these people. For several months we have been blocking transfers proactively if we suspect any wrongdoing. We look at whether we have dealt with the pension fund to whom the consumer wishes to transfer, and have had a few tough conversations with customers about the practice.“Our aim is to protect the customer, as what some of these firms are doing will not be legal.

“As a provider, I’d rather apologise for the delay of a transfer than allow customers to lose money. Many of the websites run by these firms look legitimate and most customers will not have the benefit of our experience.”Dave Lowe, head of corporate propositions for Zurich, said: “We support this campaign. We are aware of the increased activity around pensions liberation and we are reviewing our processes and procedures to address this issue.

“We are obviously concerned that potentially vulnerable customers might be taken advantage of through these pension liberation schemes and would fully support industry, government and regulatory actions to make it more difficult to establish and run schemes for this purpose.”

A spokesman for Standard Life said: “If we have grounds to suspect that the receiving scheme might possibly be involved in pension liberation, we will block the transfer and inform The Pensions Regulator that we have done so.”Last week, City of London Police dismantled a suspected organised crime gang that was believed to be cold-calling and text messaging pension holders with fraudulent liberation offers.The action was part of a multi-agency operation and further arrests were made in Scotland and Cheshire.

Steve Head, a commander for the City of London Police, said: “Pension liberation fraud is the new ‘boiler room’ fraud phenomenon as fraudsters seek to exploit new opportunities thrown up by the changing economic climate.
“The promise of maximising returns on your pension savings may seem to make good financial sense but the reality is that people could fall into a terrible trap which has the potential to destroy a retirement.”


He added that thousands of people were estimated to have released up to £400m into high-risk and non-existent investment schemes, many of which were based overseas.Last week Kate Smith, head of pensions for Aegon UK, warned that the practice could “derail auto-enrolment” and claimed it was too easy to set up a pension scheme with HM Revenue & Customs.