What is a tarp document?
TARP is derived from a mine’s Major Hazard Management Plan. It consists of a set of documented and known work place hazards that need to be continuously checked for.
What is tarp in safety?
Implementation of Trigger Action Response Plans (TARPs) are an invaluable tool. TARPs are a monitoring and response procedure that allows continued safe operations of TSFs. They describe what variations in instrument readings or observations warrant responses and what those responses should be.
What is a trigger action response plan?
The Trigger Action Response Plan (TARP) is a fairly common tool in the mining industry. A typical TARP document sets out a certain set of conditions (or “triggers”) and a set of actions which mine managers and supervisors must follow when those trigger events occur.
What is a tarp in mining?
Trigger action response plans (TARPs) are a critical aspect of managing these movements in a mining operation. An effective TARP must balance production while safely managing the risk of mining in areas of slope movement.
Was TARP good or bad?
According to the Treasury, the government’s investments in TARP earned more than $11 billion for taxpayers. The government also contends that TARP saved more than 1 million jobs and helped stabilize banks, the auto industry and other sectors of business.
How much did TARP cost?
The TARP originally authorized expenditures of $700 billion. The Emergency Economic Stabilization Act of 2008 created the TARP. The Dodd–Frank Wall Street Reform and Consumer Protection Act, signed into law in 2010, reduced the amount authorized to $475 billion.
What does red tarp mean?
Yellow, orange, and red tarps are often used to visually prioritize the materials a work crew is using, or to add visibility to dangerous areas. You might use a red tarp to warn people there’s hard materials underneath it, so no one accidentally hits it with a truck.
What is response plan?
Emergency Response Plan — a set of written procedures for dealing with emergencies that minimize the impact of the event and facilitate recovery from the event.
Who created TARP?
The Troubled Asset Relief Program (TARP) was instituted by the U.S. Treasury following the 2008 financial crisis. TARP stabilized the financial system by having the government buy mortgage-backed securities and bank stocks. From 2008 to 2010, TARP invested $426.4 billion in firms and recouped $441.7 billion in return.
Why did AIG get bailed out?
In late 2008, the federal government bailed out AIG for $180 billion, and technically assumed control, because many believed its failure would endanger the financial integrity of other major firms that were its trading partners–Goldman Sachs, Morgan Stanley, Bank of America and Merrill Lynch, as well as dozens of …