FSSA 31st Annual Meeting Off To Fast Start February 24, 2013Posted by shawnpci in Uncategorized.
The 31st Annual Meeting of the Fire Suppression Systems Association began today with presentations from keynote speaker Alan Beaulieu, President of the Institute for Trend Research. This was the second year in a row that Mr. Beaulieu presented at the Annual Meeting. His opening session provided a lively and informative review of current economic conditions both domestically and internationally.
Interesting insights that he provided included his prediction that the U.S. economy will dip into a slight recession beginning in the later part of 2013 and continue through the mid-point of 2014. More importantly, he urged the attendees to prepare now for the upswing in activity that will follow the dip in 2014 and continue through to the next predicted recession in 2019. Beaulieu cited several data points that supported his calculations and showed how leading indicators were reliable predictors for anticipating future activities.Alan Beaulieu Presentation via You Tube
Beaulieu admonished the group to consider the next depression’s occurrence in 2028 – 2029 and how to prepare oneself in advance. Specifically, he encouraged all to prepare for the cyclical event by being debt free, living below one’s means, assuring multiple income streams coming in to the home and to take advantage of a bull-run in the stock market in the early 20′s and then cash out and hold the cash to weather a three to five year depressive period. In conclusion, members peppered Beaulieu with numerous questions that ranged from stock picks to hold in 2014 (CAT, AXP, FDX), and how to to take advantage of low interest rates and low housing prices (buy house as rental property when in proximity there are (1) Fortune 500 company (2) college or university (3) military base and it’s an area of town you wouldn’t mind living).
The morning session continued with a joint presentation on the HFC Emissions Estimating Program (HEEP) by Dr. Joe Senecal of Kidde-Fenwal and Tom Cortina, Executive Director of the Halon Alternatives Research Council (HARC). They provided a brief historical recap of the impact and success of the Montreal Protocol in limiting emissions of halons. As part of the fire protection industry’s response to the phase out of halons and it’s interest in being at the leading edge of environmental awareness, the FSSA in conjunction with HARC developed a voluntary code of practice in 1999 that called for recording and tracking emissions of hydroflorocarbons (HFC) used in fire protection.
The development of HEEP resulted in unique cooperation between agent manufacturers, OEM’s, agent recyclers and distributors to report on usage of agents throughout the industry. In it’s last ten years of active record keeping, the HEEP data shows that HFC’s emitted in fire protection related industries accounts for only 0.007% of the total 6800 million metric ton CO2 equivalent emitted in the same time period.
The day concluded with a recap of the Technical C0mmittee meeting from Friday, February 22nd by Dan Hubert, Chairman of the Technical Committee.
The 31st Annual Meeting continues on Tuesday, February 26th.