programs, a leading provider of micro loans in california, and has a robust community real estate finance unit. next, we have the ceo of ne community federal credit union. since 1988, she has been the ceo of northwest community federal credit union. under her watch, the credit union group to over 1600 members. it has become the national model for institutions seeking to provide financial education and banking services to the low- income communities. last but not least, we have our conditional lender represented here by wells fargo. mark cyrus is the senior fda banker for the region -- the senior sba banker. he held businesses choose the best loans for the growing business and focus on a comprehensive understanding of their goals for their business. mark is responsible for helping entrepreneurs with sba loans every step of the way. i would like each of you to speak a little bit about what your organization does and, more importantly, address the audience here and let them know what your looking for when you are hoping to fund their loan. we will start with you, mark. >> absolutely. thank you. i

. >>> google is cre i -- clearating a fund to help finance solar units nationwide. google says it's the company's largest clean-tech investment so far. accord together mercury news, google has about $30 billion in cash on its balance sheet and has already invested $680 billion in clean energy. it is hoping that other countries with help as well. >>> facebook gained nearly 12 million subscribers during may and the growth shod for the second month in a row the website lost 6 million users last month. >>> if your summer plans include a stop at disneyland, take note, ticket prices just went up. the one-day pass for disneyland or california adventure is now $80 for adults. that's an increase of $4. a ticket that lets you go between those theme parks is now $105 for one day. >>> a lack of sleep could hurt a happy marriage and particularly hurt the wife. a recent you will stu -- study found that when women take a long time to fall asleep, the relationship with her spouse sufficienters. researchers say women tend to be more expressive than men so when women don't sleep well

units adjacent to the new booker t. washington community center. as a local finance agency, we typically provide feasibility work and make-up financing requests, the bulk of the local contribution. already providing the initial predestined element loan the estimate is that it will be approximately $7 million for housing. is believed that echolocation with it the community center will be a huge asset. our office was in discussions for a 49 union. looking at the feasibility, primarily because of the operations and the cash flow would go back to your one. however, with capitalized operating reserve, that project could be feasible. making that proposal, we realize we could potentially provide an additional financing. however, more units of affordable housing and i am happy to answer any questions. an analysis of smaller projects would require the city do put in what? another $1 million? >> these numbers are preliminary. but we estimate, based on current budget, $500,000 and more. supervisor mirkarimi: if additional funds are needed to fund a reduced development because t

financing. however, more units of

where the united states has to be able to get to foreign aid as there is and then that's there is in order to finance that operation well happens when investors no longer have the faith that the united states can pay its bills i default on its debt and what about debts what about reality the reality and the reality is are they going to have more faith in us if we actually start to rein in spending or they're going to have more faith in us if we continue to bargain artificially inflate the ceiling you know how many i did assuming is a question i think they will face that we're going to tim geithner is being fundamentally disingenuous he runs the show if we do not raise the debt ceiling and his magic date which by the way he's already moved once if it's such a die hard game why do you want what is borrowed from peter to pay the pensions that's what is there not comes into the treasury. if you want to pay off the debtors with wanted to come to the treasury you can if you want to play games and play chicken with the economy his words not mine he can spend the money elsewhere on all the stupid programs th

a multi housing lending note not to exceed $41 million for the purpose of providing financing for a multifamily unit. president chiu: this resolution is adopted. let's go to roll call. >> good evening, colleagues. today, i am introducing legislation to clarify section 181 of the planning code which addresses obligations for properties that have been destroyed by fire. this legislation seeks to reduce confusion for the city staff when property owners are going through the difficult process of rebuilding after a disaster. the rest i submit. i have one more thing i would like to talk about. i would like to close the board meeting in morion of four outstanding women. ms. johnson, gladys, and sandra. the rest i submit. supervisor farrell: thank you, madame clerk. i have a one that resolution and then i'm going to introduce imperative agenda. we will talk about it at that point. supervisor chu: just a quick announcements to my colleagues. as we finish the hearing today, we will continue to have public comments during the budget process. it will be next friday if you are interested in attending that. we wi

the nineteenth century brought a new superpowerful industrial and finance capitalism to the united states. monopolists like john d. rockefeller and j. p. morgan became the leader of our finance establishment that wielded more day-to-day power than the government itself. without the inconvenience obligation to answer to the judgment of any electorate. p. morgan. morgan och conservatives became wedded to the idea that unfettered capitalism was indispensable to the survival of democracy. that marriage has in toward. these were ingrained ideas raised to the level of feel logical dogma with little apparent concern for their intensely materialist character. these are ideas roosevelt challenged and discarded and thereby he saved both capitalism and democracy. this conservatives have never accepted and how he did it they have never forgiven. roosevelt's new deal, his revolution in some way became the victim of its own success. it produced a new and broader definition of middle class. it opened opportunities for working class and especially the uncounted numbers of the children of the working clas

role of government in the market without first reforming the way political campaigns are financed in the united states? >> you know, i think so, and i say that not out of any false false sense of optimism nor out of any, you know, of course, we need to change campaign finance. it's a mess. elected officials spend vasts amount of time raising money no matter how good and honorable they may be, they feel emotionally tied to their donors. there's an implicit emotional connection there. should we have public financing of elections? i wish we would. president obama's going to spend a billion -- raise and spend a billion dollars running for the presidency next year. that was a huge sum of money. my response is that's not much to choose the person who fills the most important position in the world when we wrote a check to goldman sachs for $12.9 billion to unwind their credit default swaps with aig and wrote the check without thinking about it, $1 billion to pick a president is not a lot. what we should do is really take some amount of public money and fund the sorts of debates to inform the public an

some of you remember there are other -- there is another finance case called citizens united. the press has an entirely missed the significance of that case. in the arizonan briefing, it is confirmed. the press had told us that citizens united give corporations the right to speak. i will tell you that that is nonsense. corporations enjoyed robust speech rights before citizens united. indeed, they did not open the floodgates with citizens united. they open with a few years before that receive no press attention current at most, citizens united expanded the rights of corporations to be more specific about their independent expenditure. to put it in crude terms and by way of example, before citizens united, corporations could run an ad that said senator x kicks puppies, call him and tell them not to kick puppies. now they can run an ad that says senator x kicks puppies. do not vote for him. that fact has been utterly ignored by the press. as you all know, when congress regulates under the first amendment, it has to have a good reason for doing so. the reason that congress has law

the last few months that the dictatorships and regimes that were put into power and financed by the west and by the united states and the west european countries those governments themselves became the force the catalyst for destabilization because the people reject those governments you mentioned bahrain a little earlier why is the west seems to be more concerned about libya and syria. rein in yemen at the moment why isn't there such interest in those countries. well bahrain is the site of the u.s. fifth fleet that's where it's housed that's where its bases are it's considered an outpost an extension of american naval power in this geo strategically part of the world in the case of yemen for the last thirty years the yemenis government has fundamentally functioned as a proxy for the united states and for western powers so i think we can see that there's a selective demonization of some regimes sort of a turning away or winking at other regimes at the very last second the united states said they to support of the overthrow of mubarak but that was only when mubarak's days were clearly numbered because of t

some of you remembethere are other -- there is another finance case called citizens united. the press has an entirely missed the significance of that case. in the arizonan briefing, it is confirmed. the press had told us that citizens united give corporations the right to speak. i will tell you that that is nonsense. corporations enjoyed robust speech rights before citizens united. indeed, they did not open the floodgates with citizensnited. they open with a few years before that receive no press attention current at most, citizens united expanded the rights of corporations to be more specific about the independent expenditure. to put it in crude terms and by way of example, before citizens united, corporations could run an ad that said senator x kicks puppies, call him and tell them not to kick puppies. now they can run an ad that says senator x kicks puppies. do not vote for him. that fact has been utterly ignored by the press. as you all know, when congress regulates under the first amendment, it has to have a good reason for doing so. the reason that congress has law inv

we've increased foreign military financing to record levels and he's called the united nations a quote foreign predicting but i'm like his father congressman ron paul get the troops out of afghanistan and that more that hasn't helped us and hasn't helped anybody in the middle east. isn't proposing immediate withdrawal of u.s. troops. is the fourth think the thing that percentage of the budget spends on the pentagon is right in eighty one percent increase in defense spending since two thousand and one when i prioritize spending that i think national defense is a. constitutional function of government and so it would have a priority for me over all other spending really that are rand paul's views are often portrayed as far outside the mainstream but with a resonance in polls showing fifty percent of americans favoring ending u.s. involvement in libya it may be closer to popular opinion if not thinking rational one here in florida are at the washington d.c. now for more earlier i spoke with jacob arguer he is president of the future of freedom foundation i asked him whether or not he beli

united states lately. >> yeah, true. >> thank you, and appreciate it. >>> financing later in life comes from what you learn at an earlyhere is a homeless single parent who somehow still found a way to teach his kids. their story inspired a hollywood movie. >> don't ever let somebody tell you you can't do something. >> you will recognize him perhaps as played by will smith in "the pursuit of happyness." even after the hollywood ending, chris gardener did not rest on his laurels. every day he is hoping to pass on what he has learned. >> you know what? i learned so much about money from my mom who often said, son, i have done so much with so little for so long, that i can do anything with nothing. and it wasn't just -- it wasn't just something catchy that she said, i got to see her do it. >> and that means learning to manage expectations. >> i think one of the most important things that i have taught both of my children about money is that more money, more problems. just because you do acquire money does not mean that you are not going to have problems elsewhere in your life. >> according to a recent survey by the nation

unwavering support despite talk to small talk's we've increased foreign military financing to record levels and he's called the united nations a quote forum for dictator but unlike his father congressman ron paul get the troops out of after scan a steal in a in that war that hasn't helped us and hasn't helped anybody in the middle east. isn't proposing immediate withdrawal of u.s. troops. is the fourth increasing the percentage of the budget spent on the pentagon despite in eighty one percent increase in defense spending since two thousand and one when i prioritize spending that i think national defense is a constitutional function of government and so it would have a priority for me over all other spending really going to rand paul's views are often portrayed as far outside the mainstream but with a resume fifty three percent of americans favoring ending u.s. involvement in libya it may be closer to popular opinion if not by congressional ford artsy washington d.c. . and joining us for more here in the studio is jake of hornberger he is president of the future freedom foundation thank you for being here and so we ju

but the fact is that you've got now a big offensive of the united states and the saudi arabia do not forget that so dear india it is financing paramilitary groups in syria to provoke tensions and do not forget that dozens of policemen have been killed by these kind of groups saudi arabia and other emirates are organizing the privatization of war and put it out and they are working for the cia sue do not forget that it's difficult to tell who's going to win on the one side u.s. is risking to lose its allies egypt and others and on the other side of the try to counter attack to benefit of these the evolutions to overrule tourism's that are very resistant to their. own lives that's on the line now from process of investigating journalist thank you very much for your analysis. well coming up here on our to real life slumdog millionaire the story of an indian man who broke out of the centuries old tradition of a caste system to prove anyone can determine their own past me. and off they go once the three man crew head for the international space station we relive the exhilaration and excitement of the final moments before the sate

if you look at the tradable sector what you find is that the ones where the united states is quite competitive, finance, computer design, multinational enterprises, consulting, there's growth in everything. there's growth in income, value added, there's growth in employment. and then you look at the supply chains in the things they called manufacturing, even to a lot of the components of the supply chain our services, and a lower value added parts of those are sort of moving offshore, and that's where the middle, the lower, middle to lower part of the spectrum in terms of education, income and so on on the tradable side was employed. we could've had an unemployment problem but instead the non-tradable sector essentially absorb them and then go look where it was absorbed. the answer is government, health care, construction, retail, all the big employment sectors. government and health care was 40%. you know, economists aren't supposed their crystal balls, and i certainly don't, but i at least wonder whether that trajectory is sort of, could contain any future. all of this evolution combined with a labor

when he does, like in campaign finance cases, citizens united, and some big cases favoring businesses and class actions settings, with justice kennedy joins the four conservatives you have a very strong set of justice is prepared to do things. host: how does this compare to the last couple of terms? we have no figures but they essentially replaced other justices who have opinions that ran along the same lines. guest: exactly right. what had justices souter and stephen step down, let you might about you would get a slightly different voting nominations but they were liberal for liberal swaps. that said, you have three women on the court, a slightly different dynamic. the justice kagan in particular just finished her first term and yesterday read her first oral dissent from the bench has emerged as a very strong, combative, interesting liberal figure on the court. host: based on the reporting from "the new york times" it does not sound like one of the hallmark years and that goes down in history and a significant way. but despite that, there are significant cases. but over all, is there

so some of you may remember there was this other campaign finance case called citizens united and it created quite a stir. in my view however the press has entirely missed the significance of that case. and the arizona briefing confirms that fact. now, the press has told us that citizens united gave corporations the right to speak. and i will just tell you that is just nonsense. corporations enjoyed robust speech rights before citizens united. indeed, it's a flood gate that they opened. they didn't open with citizens united. they opened with a case that happened a few years before that received almost no press attention. at most, citizens united expanded the right of corporations to be more specific about their independent expenditures. so if i can just put it in somewhat crude terms. before citizens united, corporations could run an ad that said senator x kicks puppies. call senator x and tell him to stop kicking puppies. now you can run an ad that says senator x kicks puppies and you shouldn't vote for him. the real significance is what it said about congressional power and that fa

politicians now because it's possible illegal here in the united states and the best my knowledge in most european countries is their public financing of elections or you just can't have billionaires walk in and say i'm going to buy this politician. absolutely i mean i think the bigger difference between united states and western europe is largely about the political system so even before the disastrous citizens united supreme court case the united states we had relatively pay to play politics as against the europeans i think on both sides of the atlantic inside the united states as well as in western europe the financial industry in some cases rightly and some not so fairly enjoys about the same level of popularity that major diseases usually have the difference is that american politicians get their money from powerful lobbies and are much more beholden to corporate interests even when their own popular and the europeans with proportional representation publicly financed campaigns are not quite as much under the sway of the sway of transnational business and so they do a little more legislative responding to what their constituent

if you look at the trade will sector what you find is that the ones where the united states is quite competitive, finance, computers designed, managing, multinational enterprises, there is growth in everything, and come, value added per person, value added, growth in employment. then you look at the long supply chains and that things we call manufacturing even though a lot of the components of the supply chain i services. and they're moving offshore. and that is where the middle, the lower, middle to lower part of the spectrum in terms of education, income, and so want on the charitable side was employed. we could have had an unemployment problem. the non travel sector is cecily goes up or it was absorbed. the answer is government, health care, construction, retail, all of the big employment sectors. government and healthcare was 40%. you know, cardinals aren't supposed to have a crystal balls, and i at least wonder whether the bad trajectory is going to continue in the future. evolution combined with saving technical change. it is consistent with the evolution of the income distribution. so the bottom l

some of you remember there are other -- there is another finance case called citizens united. the press has an entirely missed the significance of that case. in the arizonan briefing, it is confirmed. the press had told us that citizens united give corporations the right to speak. i will tell you that that is nonsense. corporations enjoyed robust speech rights before citizens united. indeed, they did not open the floodgates with citizens united. they open with a few years before that receive no press attention current at most, citizens united expanded the rights of corporations to be more specific about their independent expenditure. to put it in crude terms and by way of example, before citizens united, corporations could run an ad that said senator x kicks puppies, call him and tell them not to kick puppies. now they can run an ad that says senator x kicks puppies. do not vote for him. that fact has been utterly ignored by the press. as you all know, when congress regulates under the first amendment, it has to have a good reason for doing so. the reason that congress has law

unit cap has become longer and longer. we have owner occupied buildings that are struggling with their financing.

unit cap has become longer and longer. we have owner occupied buildings that are struggling with their financing. i support providing relief to those people, but it should only apply to owner occupied buildings where there has not been an eviction history. about four years ago, the board of supervisors passed an ordinance that would greatly restrict or ban, the conversion when there has be

unit cap has become longer and longer. we have owner occupied buildings that are struggling with their financing. i support providing relief to those people, but it should only apply to owner occupied buildings where there has not been an eviction history. about four years ago, the board of supervisors passed an ordinance that would greatly restrict or ban, the conversion when there has been evictions in the building. just being clear about what my position is. >> i have a quick question about commercial vacancies. can you talk a little bit about what you think the outlook is? dodge the question was about vacancies on market street and whether restrictions on chain stores are part of that. we are starting to see some of them get filled, and i think it will continue. in terms of the restrictions, i support the current restrictions that allow the storage ago and only if you get a conditional use permit from the planning commission meeting that the committee has a say. there have been some that i have supported. it will be a case by case a situation.

finance. where we are is not who we are. we are the united states of america. we settled the west and we went to the moon. we have liberated millions of people. we have lit the lamp of freedom for the entire world to see. the strength of our country is our people, not our government. americans believe our country is exceptional and they deserve a president who does too. we can fix our economy. our people are ready to get back to work, we just need to get the government out of the way. thank you for coming today, i appreciate your time and attention. thank you again to the hospitality and may god bless you and continue to bless the united states of america. [applause] >> thank you. many of you have final exams coming up so we have to be somewhat brief but we will get as many as we can. >> thank you very much. we all appreciate it bit of the break. i think today is a really interesting day and it is interesting that you're here to talk about the economy because i believe last nine when you're talking about the failed economic policies, who was a professor here, h

united decision. for many years we had a disastrous campaign finance system which clearly favors those who have a lot of money and corporate interest against those who do not. one year-ago the supreme court passed a disastrous and a absurd decision called citizens united and and the wisdom we found five people and the same room, the only five people in america who actually believe they corporation is a person. five people in america and all happened to be on the supreme court at the same time. [laughter] what that decision does is it says to large corporations that you as a person has a first amendment freedom of speech rights and therefore you're able to express your freedom of speech by birding's days putting 302nd ads on television how terrible bernie sanders or russ feingold is and by the way you can do that and secrecy and not have to reveal who you are. you can come up with a phony name or organization. this is a disastrous decision that makes bad campaign finance situation much worse. we saw in the last election you will see more. a essentially will happen is a handful of billionaires and wealt

there is financing under redevelopment law and the infrastructure district was. as a result of this change, the number of affordable housing unitsange from the approximately 2400 units described in the eir to approximately 2000 units. in addition and in response to public comments, the proposed maximum heights for the town were was lowered from 650 feet, and other terrorist reduced from the original. also, maximum parking ratios on treasuring would have been reduced. parking ratios for hotels were reduced by a moat. force bases her room. of the space ratios were reduced per one dozen square feet, and the reduction in parking ratios with the maximum number of parking spaces on the island is reduced approximately 470. approximately 10,680 spaces. there is no change in parkton for yerba buena island. as noted in the april memo, which is attached to the response, the project revisions have been reviewed by planning department staff. in that context, there was a determination that there would be no new or substantial increase in some of the impacts and no mitigation measures would be necessary. there is exhibit b. this is on behalf o

financing from state redevelopment financing it has resulted in $130 million less revenue for this project. the revenue authority has proposed market rate housing units to offset the reduction. we also point out under the files, according to the analysis from the economic planning systems, the treasure island first 20 years are projected to generate $270 million in gross general fund revenues in cost. a net estimated general fund revenue totaled of approximately $80 million. and then, under file 110289, subsidies of at least $12,750,000 would go to tie dye to develop a low rate market for parcels in the treasure island community development. under 110290, committing funds with interest and additional consideration for conveyance of the property. over all these are four files that have fiscal impact out of 11 before the board. the other seven did not have direct fiscal impact and we consider these to be policy members for the supervisors. supervisor chu: without questions at this moment, let's open this up for public comment. i know that i have a number of speaker cards. [reads cards] please come up and line up in the center aisle if you have heard yo