24 hr Plumbing Edmonton 780-851-1967
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By: Keith Evans
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24 hr Plumbing Edmonton 780-851-1967 - Video
Plumbers said its not just people with older homes or those who fly south for the winter who have to worry about freezing pipes. When temperatures dip below zero, officials say its something everyone should be aware of.
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Nate Hyde owns Plattsburgh Plumbing. He said there are steps home owners can take to prevent a frozen pipe disaster.
He recommended leaving the heat on, running the faucets regularly and keeping an eye on drafty areas.
Insulation, drafty windows that have pipes that are close by to it, and mobile homes -- the skirting of the trailer, making sure that it is closed all the way and making sure the cold air is not blowing inside on the pipes underneath, said Hyde.
Hyde stresses there are some ways you should not thaw frozen pipes.
If somebody walks into your house with a blow torch, you should ask them to please turn around and leave. It's absolutely the most dangerous thing, especially being around insulation. Insulation is highly flammable and an open flame and the pipe is round, so there is no way to go around, and the flame will go, and it's just a horrible idea, said Hyde.
When it's this bitter cold, it's a good idea to take the advice of keeping the water running and turning the heat up.
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Plumber offers tips on avoiding frozen pipes in subzero temps
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Below follows the latest from Nom de Plumber on the act of full display public idiocy known as the Volcker Rule. The American Bankers Association and Community Bankers have apparently backed down regulators when it comes to small bank holdings of preferred CDOs. But what is really needed is a loud "Foxtrot Oscar" to regulators on the entire enterprise. The Volcker Rule is artibrary and capricious. As Nom de Plumber argues, you cannot enforce a legal standard that cannot be accurately measured. One man's hedge is another man's principal exposure. The Volcker Rule is public evidence of the irrational madness that passes for serious thought in US public policy circles. -- Chris
Volcker Rule implementation: Mission Impossible?
A hedge at a bank will be deemed allowable risk mitigation, and not forbidden proprietary trading-----but only if no material new risk arises, unless the hedge simultaneously protects against that too. Yet, in reality, every hedge does NOT eliminate risk, but merely exchanges one risk type for ideally more-palatable risk types. For instance, a bank could hedge the market risk of its Treasury bond portfolio, by shorting Treasury futures. The bank thereby assumes these substantive new risks, instead:
*basis risk (cash versus futures tracking error)
*liquidity risk (margin calls, without offsetting asset cashflows)
*counterparty and operational risks ( http://www.bu.edu/econ/files/2012/01/Bernanke-RFS.pdf )
*regulatory risk (topic here, ironically).
So, how can any hedge truly be Volcker Rule-compliant?
To prove having only client market-making and no proprietary exposures, a bank must attribute its daily trading P&L to particular risk factors (yield curves, prepayments, defaults, credit spreads, equity indices, dividend streams, option-implied volatility, IRR, asset cashflows, currency rates, etc.) and buy-sell activity. It must then report all un-attributable P&L to regulators, for flagging non-client, proprietary risk positions. Yet, in reality, almost every asset (except non-callable, fixed-rate, high-quality sovereign debt) trades strictly by market pricenot by observable or consensus settings of underlying risk factors. Because infinite permutations of risk factor movements can cause a specific asset price movement, no definitive anchor points will arise to bootstrap that mandated P&L attribution.
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Nom de Plumber | Volcker Rule Implementation: Mission Impossible?