MEC&F Expert Engineers

Thursday, March 26, 2015

18- WHEELER TRUCK CARRYING HAZARDOUS MATERIAL CAUGHT FIRE ON HIGHWAY 72 IN ALABAMA





MARCH 26, 2015

CHEROKEE, AL (WAFF)

Early Thursday morning, emergency responders went to Highway 72 near Cherokee at the Natchez Trace after a truck caught fire.

According to authorities, the truck was carrying hazardous material when it caught fire. Hazmat crews are on the scene.

Police  shut down west and eastbound traffic on Highway 72, as well as, the Natchez Trace overpass. The Natchez Trace Parkway has since reopened. One lane in each direction on Highway 72 has reopened since the crash.

Aboard the 18 wheeler was over 6,000 pounds Resin Solution UN1866. 

Authorities were concerned about fumes that the resin might give off. Also on the truck was 500 pounds of Sodium Metasilicate UN3266. 

Both of these materials are highly flammable and corrosive.
Officials say several small explosions occurred on the truck, but the driver of the 18 wheeler got out safely.

Officials said that the biggest concern right now is vapor. They evacuated at least four homes to keep people safe from the potential vapor.

WAFF's Marie Waxel is on the scene right now gathering information.
No injuries have been reported at this time.

SWISS RE: FED POLICIES HAVE COST SAVERS, INCLUDING INSURANCE COMPANIES, $470 BILLION




MARCH 26, 2015

Swiss Re's report called the impact of low-rate dollar-cheapening policies "indisputable."

The Federal Reserve's efforts to stimulate the U.S. economy after the financial crisis ended up costing savers nearly half a trillion dollars in interest income, according to report released Thursday. 

Since the central bank dropped interest rates to near zero at the end of 2008, savers have labored under plain-vanilla bank accounts and money market funds that have yielded close to nothing. Critics have long said the Fed's quantitative easing efforts have boosted asset prices, particularly in the stock market, but exacted severe costs across other parts of the economy. 

In a landmark report, Swiss Re quantifies just how much savers and others have languished while the policy has pushed the Fed 's balance sheet past the $4.5 trillion mark but failed to generate above-trend economic growth or substantial core inflation. 

The reinsurance firm put the number at $470 billion in the 2008-13 period studied, so the number is likely even higher now. 

Swiss Re called the impact of low-rate dollar-cheapening policies "indisputable. Meanwhile, the impact of foregone interest income for households and long-term investors has become substantial."

After more than six years of the zero interest rate policy, or ZIRP, the Fed is preparing its first steps this year toward normalizing rates. Most economists and market participants expect a rate hike at either the Fed's June or September meeting, though recent weak economic numbers post a quandary. 

Financial markets have come to depend on the Fed's largess, which has included three rounds of bond buying that have expanded its balance sheet, plus another round called Operation Twist, in which it bought and sold securities at roughly the same level. 

Supporters of the policy say it was necessary to resuscitate the economy with liquidity after the housing market collapsed and the stock market lost about 60 percent of its value. 

However, Swiss Re said the "financial repression" has taken its toll not only on savers but also on some areas of investing and insurers like the firm itself, which needed a $2.6 billion cash injection from Warren Buffett 's Berkshire Hathaway (BRK-A) during the crisis. 

"Besides the impact on long-term investors' portfolio income, the consequence for capital market intermediation is not negligible either," Swiss Re CIO Guido Furer said in a statement. "Crowding out investors due to artificially low or negative yields will reduce the diversification of funding sources to the real economy, thus representing a risk for financial stability and economic growth potential at large."

An index the firm uses to calculate financial repression levels is actually off its peak from 2011-2012 despite aggressive efforts from other central banks around the world to goose their own economies through Fed-style QE. The index measures yields and their divergence from fair value, as well as regulatory issues and bank debt holdings. 

"Keeping interest rates artificially low through official intervention hampers the ability of long-term investors to deploy risk capital into the real economy. It has broken the financial market intermediation channel by crowding out viable private markets, lowering the funds available from long-term investors to be used for the real economy," Swiss Re said. "Investments in infrastructure could repair this damage and address weak economic growth."

Indeed, U.S. companies in particular have used the low rates to borrow money and buy back their own shares and boost dividends, helping bottom-line profit levels but also contributing to low top-line sales growth. 

S&P 500 (^GSPC) earnings are now projected to be negative in the first and second quarters and grow just 0.3 percent for the year, according to S&P Capital IQ. 

"Financial repression is likely to remain a key tool for policymakers given the moderate global growth outlook and high public debt overhang. Whether the costs outweigh the benefits largely depends on the ability of governments to take advantage of the low interest rate environment by implementing the right structural reforms," Swiss Re said. "So far the record for doing so hasn't been comforting."

WARUM? SUICIDAL PILOT, REVENGE OR TERRORIST ACT ARE THE CURRENT LEADING CAUSES OF THE GERMANWINGS JET CRASH THAT KILLED 150 PEOPLE. RIP.








PARIS (AP) — The co-pilot of the Germanwings jet barricaded himself in the cockpit and "intentionally" rammed the plane full speed into the French Alps, ignoring the captain's frantic pounding on the cockpit door and the screams of terror from passengers, a prosecutor said Thursday.

In a split second, he killed all 150 people aboard the plane.

Andreas Lubitz's "intention (was) to destroy this plane," Marseille prosecutor Brice Robin said, laying out the horrifying conclusions French investigators reached after listening to the last minutes of Tuesday's Flight 9525 from the plane's black box voice data recorder.

The Airbus A320 was flying from Barcelona to Duesseldorf when it lost radio contact with air traffic controllers and began dropping from its cruising altitude of 38,000 feet. The prosecutor said Lubitz wordlessly set the plane on an 8-minute descent into the craggy French mountainside that pulverized the plane.

He said the German co-pilot's responses, initially courteous in the first part of the trip, became "curt" when the captain began the mid-flight briefing on the planned landing.

Robin said the pilot, who has not been identified, left the cockpit when the plane reached cruising altitude, presumably to go to the lavatory. Then the 28-year-old co-pilot took control of the jet as requested.

"When he was alone, the co-pilot manipulated the buttons of the flight monitoring system to initiate the aircraft's descent," Robin said.

The pilot knocked several times "without response," the prosecutor said, adding that the cockpit door could only be blocked manually from the inside.

The co-pilot said nothing from the moment the captain left, Robin said: "It was absolute silence in the cockpit."

The A320 is designed with safeguards to allow emergency entry into the cockpit if a pilot inside is unresponsive. The override code known to the crew does not go into effect, however — and indeed goes into a lockdown — if the person inside the cockpit specifically denies entry.

During the flight's final minutes, pounding could be heard on the cockpit door as the plane's instrument alarms sounded but the co-pilot's breathing was calm and that of a fully conscious man, Robin said.

"You don't get the impression that there was any particular panic, because the breathing is always the same. The breathing is not panting. It's a classic, human breathing," Brice said.

No distress call ever went out from the cockpit, and the control tower's pleas for a response went unanswered.

Air traffic control cleared the area to allow the plane to make an emergency landing if needed, and asked other planes to try to make contact. The French air force scrambled a fighter jet to try to head off the crash.

Just before the plane hit the mountain, passengers' cries of terror could be heard on the voice recorder.

"The victims realized just at the last moment," Robin said. "We can hear them screaming."
Airlines in Europe are not required to have two people in the cockpit at all times, unlike the standard U.S. operating procedure after the 9/11 attacks changed to require a flight attendant to take the spot of a briefly departing pilot.

Graphic shows aircraft and victims by country; 2c x 5 inches; 96.3 mm x 127 mm;
Neither Robin nor Lufthansa indicated there was anything the pilot could have done to avoid the crash, saying he had acted appropriately.

Robin said Lubitz had never been flagged as a terrorist and would not give details on his religion or his ethnic background. German authorities were taking charge of the investigation into him.

Lufthansa CEO Carsten Spohr said the airline was already "appalled" by what happened in its low-cost subsidiary.

"I could not have imagined that becoming even worse," Spohr said in Cologne. "We choose our cockpit staff very, very carefully."

Lubitz had joined Germanwings in September 2013, directly out of flight school, and had flown 630 hours. Spohr said the airline had no indication why he would have crashed the plane. He said pilots undergo yearly medical examination but that doesn't include psychological tests.

Lufthansa's chief said Lubitz started his training in 2008 and there was a "several-month" gap in his training six years ago. Spohr said he couldn't say what the reason for that was but after the break "he not only passed all medical tests but also his flight training, all flying tests and checks."

Robin avoided describing the crash as a suicide.

"Usually, when someone commits suicide, he is alone," he said. "When you are responsible for 150 people at the back, I don't necessarily call that a suicide."

In general, people kill for 3 main reasons: money, sex, revenge.  We can probably exclude the first two reasons, based on what we know so far.  When somebody commits mass murder, s/he does it because s/he wants to take revenge for whatever wrongs s/he believes that the society has done against him or his family or his people.  So, we would leave on the table the revenge or terrorist causes until we receive more information about his background.


In the German town of Montabaur, acquaintances told The Associated Press that Lubitz appeared normal and happy when they saw him last fall as he renewed his glider pilot's license.

"He was happy he had the job with Germanwings and he was doing well," said a member of the glider club, Peter Ruecker, who watched Lubitz learn to fly. "He gave off a good feeling."

Lubitz had obtained his glider pilot's license as a teenager, and was accepted as a Lufthansa pilot trainee after finishing a tough German college preparatory school, Ruecker said. He described Lubitz as "rather quiet" but friendly.

Lubitz's Facebook page, deleted sometime in the past two days, showed a smiling man in a dark brown jacket posing in front of the Golden Gate Bridge in San Francisco. The Facebook page was restored after the French prosecutor's press conference.

Robin said the Germanwings plane's second black box still had not been found but remains of the victims were being collected and DNA identification had begun.

In the Alpine hamlet of Le Vernet, French authorities set up a viewing tent for family members on Thursday to look toward the site of the crash, which lies on a steep, treacherous site only reachable by a long hike.

Robin said Lubitz's family was in France but was being kept separate from the other victims' families. The victims' families were briefed ahead of the press conference.

"The victims deserve explanations from the prosecutor," Robin said. "(But) they are having a hard time believing it."

The principal of Joseph Koenig High School in Haltern, Germany, Ulrich Wessel, which lost 16 students and two teachers in the crash, said the state governor had called him Thursday afternoon to tell him about the probe's conclusion.

"It is much, much worse than we had thought," Wessel said. "It doesn't make the number of dead any worse, but if it had been a technical defect then measures could have been taken so that it would never happen again."

The circumstances of the crash are likely to revive questions about the possibility of suicidal pilots and the wisdom of sealing off the cockpit.

"From the moment it became apparent that the Germanwings flight had made a controlled descent for 8 minutes with no 'Mayday,' one feared that either pilot suicide or hijack was the cause," said Philip Baum, London-based editor of trade magazine Aviation Security International.

"The kneejerk reaction to the events of 9/11 with the ill-thought reinforced cockpit door has had catastrophic consequences," he added.

RIP.  We will see you on the other side when our times comes.

U.S. fines Schlumberger unit $232 million for illegal Iran and Sudan services






The U.S. Department of Justice and the Commerce Department said Wednesday a unit of Paris-based Schlumberger Ltd. has agreed to plead guilty and pay a $232.7 million penalty for conspiracy to violate trade sanctions with Iran and Sudan.

Schlumberger Oilfield Holdings will plead guilty to conspiring to violate the International Emergency Economic Powers Act. Executive orders under the law ban most trade with Iran and Sudan.

A Sugar Land, Texas-based subsidiary of Schlumberger Ltd. called Drilling and Measurements provided oilfield services for Iran and Sudan through overseas subsidiaries of Schlumberger Oilfield Holdings from early 2004 through June 2010.

D&M personnel outside the United States often sent emails to a U.S.-based D&M manager justifying requests for services in Iran and Sudan, the DOJ said.
The emails used code names, referring to Iran as “Northern Gulf” and Sudan as “Southern Egypt” or “South Egypt.”

When work orders for Iran and Sudan were entered into the D&M computer system, numerical codes for non-embargoed countries were used to disguise the true locations.

“These efforts were deliberately taken and demonstrate the company’s involvement in contriving ways intended to evade restrictions imposed by U.S. sanctions,” the DOJ said.

The plea agreement (pdf) still needs federal court approval.

Schlumberger Oilfield Holdings, a wholly-owned subsidiary of parent Schlumberger Ltd., will pay the full $232.7 million penalty and have a three-year period of corporate probation. The BVI-incorporated company has offices in Paris, Houston, and the Hague.

The penalty includes a $77.5 million criminal forfeiture and a $155 million criminal fine. It’s the biggest criminal fine in connection with a prosecution under the International Emergency Economic Powers Act.

Parent company Schlumberger Ltd. agreed to continue cooperating with the Justice Department and other agencies during the three-year probation. It also agreed to hire an independent consultant to review company-wide internal sanctions policies and compliance audits.

In 2009, Schlumberger agreed to stop taking new oilfield service contracts in Iran. Two years later, the company voluntarily stopped providing any oilfield services in Iran and the Republic of the Sudan (North Sudan).

Schlumberger Limited trades on the NYSE under the symbol SLB. It has about 120,000 employees worldwide.

EXPLOSIONS AND FIRES DURING EDUCATIONAL DEMONSTRATIONS ARE ON THE RISE: CHEMICAL REACTION DURING SCIENCE EXPERIMENTS TRIGGERS FIRE AT SANDBURG MIDDLE SCHOOL IN ELMHURST, ILLINOIS





MARCH 25, 2015

ELMHURST, ILLINOIS

A fire Wednesday morning in a Sandburg Middle School science classroom damaged ceiling tiles, class supplies and audio-video equipment, but no one was injured.

The Elmhurst Fire Department responded to a fire alarm at 9:45 a.m. March 25 at the school, according a city news release.

Firefighters found heavy smoke coming from the first-floor science classroom. All students and staff had been evacuated and accounted for.

The fire, which investigators believe was caused by a chemical reaction, was put out by an automatically activated sprinkler system, the release stated.

Fire department personnel cleaned up the area, replaced the activated sprinkler head and they ventilated the area with a smoke ejector.

The estimated cost of the damage is $11,000.