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Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.

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Federal Reserve Headquarters Renovation

edited July 24 in Off-Topic
Architectural Design, Challenges, Cost Overruns

Trump to visit Fed as pressure on Powell mounts



I’m trying to think of things that haven’t yet become politicized? Pretty hard to come up with anything.

Autos? No.
Health? No
Health care? No.
Religion? No.
Courts? No.
Citizenship? No.
Foods? No.
Investing? No.
National defense? No
Elections? No.
Weather? No.
Natural Disasters? No.
The Everglades? No.
The Atmosphere? No.
Sexual Identity? No.
Racial / Cultural Identity? No.
Journalism? No.
Education? No.
Libraries? No.
Sports? No.
Comedy No.
CocaCola? No.
Whisky? Doubtful …

Comments

  • I hope Powell brings up the Epstein files.
  • edited July 24
    @hank- As you have personally noted with respect to your occasional structural improvements, inflation and sometime scarcity of required materials or qualified tradespeople have seriously increased construction costs. The Fed renovation is subject to those same issues.

    Trump has absolutely no regard for evidence-based factuality: in his world everything is subject to whatever impulse he has at any given moment, and "facts" are infinitely reconfigurable as may be required to match those impulses. This is not unusual with young children, but is generally regarded as inappropriate adult behavior.
  • edited July 24
    Old_Joe said:

    @hank- As you have personally noted with respect to your occasional structural improvements, inflation and sometime scarcity of required materials or qualified tradespeople have seriously increased construction costs. The Fed renovation is subject to those same issues.

    Trump has absolutely no regard for evidence-based factuality: in his world everything is subject to whatever impulse he has at any given moment, and "facts" are infinitely reconfigurable as may be required to match those impulses. This is not unusual with
    young children, but is generally regarded as inappropriate adult behavior.

    Nice!

    Yes, with renovation of older structures generally “Anything that can go wrong will go wrong.”

    I’m not on a level with the Fed. Did renovate a couple rooms this summer. The pre-paid order for wall planking scheduled to arrive is 6 weeks did not arrive after said time. Order was found to be screwed up (computer glitch they told me). Refund issued. More expensive & work intensive planking had to be ordered elsewhere because we could get it now! But the ceiling fan ordered 6-7 weeks earlier at Amazon to complement the new planking no longer matched. Beyond the return window. Trashed it and bought a different fan. And, as I noted elsewhere, a $400 window 7-8 years ago now cost over $700 for identical item. It didn’t dawn on me until well into the renovation that all the 60s / 70s style light switches and outlets should be replaced with the newer version. Added to project. Cold air vents needed moving. Trying to replace a light switch to a ceiling light fixture when the original interior wall has been moved can be tedious. And it never dawned on me that hard-wired smoke detectors would have to be added to renovated rooms. And who would expect a single gallon of paint thinner to now sell for around $25? Just to clean the *%@!# paint brushes! Speaking of paint brushes, it’s not uncommon to pay $20-$25 for better quality ones. Half-decent ones sell for about half that.

    Wait! There’s more - My use of some spar-varnish on an interior wood fixture left a strong oder that the “Honeywell gas leak sensor” on a nearby water heater picked up and it subsequently shut itself down. Had to call a water heater guy to investigate / reset the water heater.

    Yes - Cost Overruns for sure!
  • Mark said:

    I hope Powell brings up the Epstein files.

    Very funny. I was actually thinking the same thing.

  • edited July 24
    @hank I have had a few experiences with varnish type products producing "gas leak like" odors. Doing stain and varnish in the garage, the vapors got into the laundry room and made the running clothes dryer smell like a gas leak. I have also had a similar effect from a gas stove and a gas water heater. I had no idea that (newer?) water heaters had gas leak sensors though. Mine is about 15 years old. One obvious "tell" is that such volatile odors may make open gas flame (stove) go from blue to orange.
  • Hey, thanks to both of you for that info. I had no idea.
    OJ
  • edited July 24
    +1 Had me mystified. The water heater is less than 10 years old. It’s in a room where I have a small plywood workbench I decided to refinish along with all the other stuff. Found the manual online (off brand) after it went out but never ran across the sensor. The actual controls of the thing are Honeywell. No pilot. Electric ignition.
  • edited July 24
    No pilot. Electric ignition. Yes, I think that's the standard setup now. That's very good to know, because my workbench is about 20' from the water heater.
  • edited July 24
    Trump visits Federal Reserve headquarters along with sidekick Tim Scott.
    To no one's surprise, Trump suggests multiple times that Powell should cut rates.

    https://www.pbs.org/newshour/politics/watch-live-trump-visits-federal-reserve-as-he-pressures-powell-to-cut-interest-rates
  • @hank How does one reset sensor on the newer H2O heaters? Second question. Who mandates hard wired smoke detectors in remodeled rooms?
    Thanks for your time, Derf
  • @Derf- well, here in CA the local counties typically enforce their own building codes. There is also a state building code, which I'm assuming (always d​angerous ! ​​) would apply in areas where there is no local building code. I would further infer that the state code would be the "baseline" code, and that local codes would have to be as strict or stricter.
  • edited July 24
    @Derf

    - Wish I knew how to reset the gas-leak sensor. I didn’t even know it existed. Don’t think it’s a simple matter. But if I use paint or varnish around it again, I’ll cut the circuit breaker first and not power it back on until the odor dissipates. Should work.

    - Local building codes dictate a lot. But with smoke / fire detectors state laws apply. I guess they figure people are too dumb to replace dead batteries in the battery only type. So hard-wired are more idiot proof (but more expensive to install).
  • @hank @Old_Joe Thanks for your replies. FWIW One suggestion, When one has a problem with electric appliances, pull the plug & give it (30) seconds to reboot or reset.
  • Derf said:

    @hank @Old_Joe Thanks for your replies. FWIW One suggestion, When one has a problem with electric appliances, pull the plug & give it (30) seconds to reboot or reset.

    Agree @Derf. That’s the first thing I tried.
  • edited July 25
    Wonder how many drinks Powell needed after work following this day at the office?
  • Reset flammable vapor sensor on water heater:

  • Thanks.Hopefully won’t need it in the future..
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