small business administration.the small business administration covers not only san francisco proper but the bay area. the severed his third district is responsible for a business loan portfolio of 12,000 loans worth $4.2 billion. in 2009, the sba approved $500 million in lending. next, we have the executive director of the san francisco small business office. she was in san francisco in 1986 to open the buffalo exchange limited store, and in the 13 years she worked for buffalo exchange, tennis district manager, she held her open the company from four to 11 stores. in 2009, the mayor appointed her as executive director to the office of small businesses. next, we have the ceo of opportunity funds. he has combined his background as a community organizer with an education from stanford to develop an innovative, not-for- profit financial incision that uses market principles to affect systemic change. it operates one of the nation's largest individual development, programs, a leading provider of micro loans in californi

will have the joy of introducing one of my cabinet colleagues, administrator of the small business administration, karen gordon. [applause] >> welcome back thank you very much to administrator jackson and to all of you from method for having us here. it is a great pleasure to be here. i know this product, and it is even more impressive to see the hole and you have developed. met this is a great example of something that we all talk about, which is a green company that is turning innovation into jobs. as you know, we're focused right now on creating jobs here in america, and that involves benefit of small businesses. half of the people who work in america own or work for a small business. two out of every three new jobs are created by small business. what you have right in front of you is the tale of our greatest assets. you have two young men who got together as a roommates when they were 25. they are, as they tell me, from detroit. they're from entrepreneur real families to their families were in the automobile industry as entrepreneurs, and they are taking the best they told me that they are ca

three years of small business administration was awarded to us. i graduated on the president's list, as far as professionalism -- this is that i am people person. and it also says i get the job done. i like to get the job done. the best collop -- wally for this committee is my reasonableness. my views are not the top priority here. she and involves looking at the entire situation. i've dealt with that and how i deal with this situation. and i fight hard for what i believe in. i think people deserve to be treated equal, even without a home to call their own. >> did you say you have experienced homeless? >> i am currently homeless. i have spent five months as homeless. >> have you spent time in and out of the shelter system. >> out of one facility, only. one night, by first got here, in the sanctuary. >> you have an extended reservation? >> thank you so much for being here and applying for a seat. christian wilcox is next. >> some of the people on the list are already on the committee. >> can you let us know which one? >> linda -- >> she is now the

i want to talk about i think the successes that the small business administration at over the last few years, when i came here, administrator mills came in at the same time and i was a little bit aghast at the status of the small business administration had been hacked at, cut back dramatically by the previous administration, not just the one before but over the years and it was in total disarray. we had a lot of testimony about waste, fraud, and abuse that we've had several subsequent sessions with the administrator. of the things have gotten frankly a lot better. there's a new sheriff in town and i appreciate that, madam administrator. and i think there is some misinformation here. i mean, people are talking about, they haven't been here i guess. but there's talk about what the role of the sba years. and i assume that you're not trying to supplant private enterprise. you're trying to work with private enterprise, yet for some reason banks, credit unions, mortgage lenders can't step in. that's where you step in. so there's going to be some defaults. there's going to be some default. b

the small business administration says affected organizations can apply. they can be up to $2 million over as long as 30 years. they will be available in caroline and/or chorister counties. >> now your weather forecast with the meteorologist. >> a few showers through the evening. they are making their way east of us and they're now down toward ocean city. some light precipitation. if you showers along southern delaware and the eastern shore. the rain is headed and the skies have began to clear up across most of our area. precipitation is not all that impressive. just a trace at the airport and inner harbor. temperatures were a little above normal. we hit 67 at the airport. 68 degrees in downtown baltimore. the lows this morning were typical for the 24th of october. it will be cold again in the morning. 60 downtown but the suburban areas are cooling. 47 on the coast. gaithersburg is showing you the impact behind this affront that went through. it should be clear in the morning and a lot of sunshine is expected with winthrop the dead. a fairly comfortable da

problems and issues that we heard in our districts, it's clear that you and the entire small business administration is working, i think, you know, daily to try to do what your intended to do, which is really to support our small businesses and try to get the capital into the hands of startups, of current businesses. and i think you're doing a great job. since i've been on the small business committee i've done what many members have done longer than the come and that's actually going and being with small businesses in my district. i think i'm up to 80 just in the last month that i've met with personally. and i've held roundtables. i've walked to the business' unannounced, and i'm beginning to hear sort of a common theme, which i think you have heard today, which he is, you know, the paperwork that is needed to apply for these small business loans is many times daunting. and as we've heard some of them feel like it's not really even worth their time. you know, as of february of this year the sba preferred lenders can approve loans using the new small loan advantage process. and the goal of this brok

he studies business administration at sjsu and arrived fleer south carolina where he attended military high school. his former sjsu roommate says he was always a positive person. >> i never saw him be negative or yell. glr. >> he says he was a football fan who always showed his passion. >> he had a million dollar fanment dollar smile, you couldn't help but smile with him. >> another -- on the campus this week. it is the third one so far this semester. an alert sjsu text was september out wednesday night to -- sent out wednesday night to warn students of a sexual -- involving the same man was turned into police the next morning. >> reporter: each of the individual instances with the exception of the last two from last night are all separate, committed by separate individuals with separate descriptions. >> police say two latino males allegedly groped a woman and left on bicycles. >> student did say hear about the weeks groping incident through the alert system but they did not hear about the double homicide the alert system is use as a warning for natural disasters or on campus emergenci

the other ninety nine percent of small businesses in america here's how it works the small business administration defines a small business as a firm that employs fewer than five hundred people frankly doesn't sound very small at all a comparative transactional bit like general electric which employs three hundred thousand people or mcdonald's which employs one half million people or wal-mart which employs two point one million people five hundred is pretty small the small businesses make up more than ninety nine percent of all the businesses in america the giant transnational corporations fewer than one percent of american companies and when it comes to job creation he's ninety nine percent of the small businesses employ more than half of the workers in america and have employed sixty five percent of all new workers over the last two decades. so if there was such a thing as job creators they're the bosses of mom and pop shops in your local restaurants and not on wall street when our economy went into full meltdown mode in two thousand and eight and two thousand and nine the fed opened up a secret

advisor to the nicaragua based central american institution or institute of the business of business administration as a guy who knows and who has taught business what's your assessment of the current state of capitalism and business and i realize there's a difference between the two around the world and the less. well i guess the. i guess the best way to respond to that question. and it relates to the issue of capitalism. and of course you know we were we've been taught since we grew up that capitalism is synonymous with with markets and with the mocker see both of which are kind of foundational to or our national image and character and that they only were taught that the only alternative to capitalism is the suppression the loss of freedom innovative capacity of living under a system of rule by communist bureaucrats now. that's a very limited statement of our choices and one of the things i've become very conscious of is that the the real you know with capitalism as we know it in capitalism as it was originally to find its historical definition it was a system in which a few people own everythin

they took all their savings and got funding through the small business administration to create the moolala company. then came taskrabbit, the ebay for odd jobs -- the matches un-or-under-employed with available work in their community. now, starbucks' ceo is trying to bring america back. >> i want to make a difference. >> reporter: starbucks is now in partnership with the opportunity finance network, a non-profit that funds small businesses around the country. starbucks is coffeeing up $5 million to start, and if you donate $5 or more online you get this nifty bracelet and help loan money to small businesses like your local florist, a baker, a grocer, creating jobs across the country and filling the void left by banks that won't lend. why aren't the banks getting it done? they make lots of money. they're charging us fees out the wazoo. they're paying each other big bonuses. why aren't they spending that money on us? >> because of this crisis of uncertainty. and the people who are in the position to make loans are afraid to give loans because those loans are being written down as a result o

. >> now, the head of the small business administration takes questions about the sba's loan programsaren mills testified yesterday before the house small business committee. its chairman is sam graves of missouri. this part of the hearing is an hour, 25 minutes. [background sounds] >> good afternoon. we'll call the hearing to order. today. the most important thing this committee can do is create an environment in which entrepreneurship is fostered, thereby producing jobs vital to the economic recovery. there are many aspects in creating this environment. today's hearing we're going to focus on one of those, and that's access to capital. the committee has heard on multiple occasions from small businesses they cannot get funs needed -- funds needed. at the same time, banks have testified before the committee saying they have the funds available to lend. the small business administration oversees a number of programs to bridge this apparent gap between the need and vail about of capital. sba shows volume has increased. these efforts have been supplemented by promises from banks to raise

administrator mills came at the same time and i was a little bit aghast at the status of the small business administration it had been cut back to radically by the previous administration not just the one before with the one over the years and was in total disarray. we had a lot of testimony about waste, fraud and abuse that we've had several subsequent sessions with the administrator and it looks like it has gotten frankly a lot better. there's a new sheriff in town and i appreciate that, madam administrator. and i think that there is misinformation here. i mean, people are talking about going -- they have been here i guess, but there is talk about what the role of the sba is, and i assume that you are not trying to supplant private enterprise. you're trying to work with private enterprise. if receive movies and banks, mortgage lenders can't stick and that is where you step in, and so there is going to be some people. there's going to be some de fault. but - i need to cure clarity. you mentioned it, but they're seems to me that a lot of the subsidy rates that we have endured paying back the treasury for

raids and so this is a little more concerning a little more dangerous than say like a small business administration grant so i think it's worth the emphasis on this kind of spending but you know that's something we talk about often on this show if you if you could say this over militarization of police forces the use excessive use of force and of swat teams in general when it comes to nonviolent drug raids and i'm just wondering do you think that this is something that would be better handled by private industry because that it would just be a blanket here's a ton of money they would have with it what you want. well i don't think you could probably find some homeland security grants that were useful you can find things we've done after nine eleven that definitely made sense or hardening cockpit doors for example but i don't think there's enough so who's going to handle that if they're driving home i think kerry doesn't exist anymore well i think i think first of all when you abolish the department of homeland security you do get rid of janet napolitano his job but you do not abolish every responsib

tonight on the communicators at 8 on c-span2. >> the head of the small business administration last week said her agency had a record year last year backing some $30 billion worth of loans. karen mills appeared before the house small business committee followed by a panel of small business lenders who generally thought the sba improved operations but expressed concerns about uncertainty created by the recent debt ceiling debate with the possibility of future tax increases. this hearing is just over two hours. >> good afternoon. we'll call the hearing to order. the most important thing this committee can do is create an environment in which entrepreneurship is fostered therefore producing jobs vital to the economic recovery. there's many aspects in creating this environment. we'll focus on one of those, and that's access to capital. the committee has heard on multiple occasions from small businesses they cannot get funds needed to operate and expand their businesses. at the same time, banks testified before the committees saying they have the funds available to lend. small business admini

administration. there is no business experience there. you are right in past administration they dropped the ball. but don't say they have business experience. they simply don't. >> tracey, last word on this one. we talked about business over all. wind or solar or nuclear, whatever it is, trace. you say that the government should not direct money and does it end here. does the latest story with fisker end the subidies. >> no, that's the way the administration is working these days. we are saying on this show we need a energy policy. no one is against it. but let the private sector figure it out. it is not the government's place. >> fascinating and thanks to all of you. >> ron paul's plan to restore our economy and cut a trillion bucks and cutting out not one but two but five entire government agencies. >> and hiring people who break the law. the job's plan is just a crime. americans are always ready to work hard for a better future. since ameriprise financial was founded back in 1894, they've been committed to putting clients first. helping generations through tough times. good times. never taking

businesses need to hire. instead, the administration and the senate majority has recycled the same failed policies. e development of our domestic resources, reforming our tax code, making it simpler for individuals and businesses alike, cut out the special interest loopholes while reducing the overall tax burden for all americans. instead of looking for new ways to tax the american public and our job creators, we should make our tax code more competitive and provide businesses the stability that they need to grow and create jobs. as i have stated before, this continual threat of tax increases feeds the uncertainty that serves as an impediment to economic growth. these are all things that both this administration and congress can do immediately to boost economic recovery. i came to washington to make a difference. let's start doing the hard work we were sent here to do. mr. president, i yield the floor. a senator: mr. president, i suggest the absence of a quorum. the presiding officer: the clerk will call the roll. recognized. mr. moran: i would ask that the quorum call be lifted. the presiding offic

scrambling, trying to get funds from anywhere -- the bank, it does not matter -- the small business administrationeep my business going. it really caught me off-guard when he said that i do not know if this is really directed at your guest -- when he said that. i do not know if this is really directed at your guest. maybe you could look at u.s.- government-backed loans to small businesses. host: we will leave it there. we want to add this e-mail. "is a working infrastructure required before loan is reproved -- before a loan is approved, or would a project plan be sufficient?" guest: with solyndra, for example, that was an existing company that was using a loan guarantee to finance an expansion to build a new factory. with some of these other types of projects, what the energy department is looking for is to make sure they have a sort of viable model. these things go through months and months, if not longer, of reviews and vetting. other agencies involved, as well. there has been a fascinating push and pull. for the first years of this loan guarantee program, as created under the 2005 law, the big

who found their own solution, they took all their savings and got funding through the small business administrationeate the frozen yogurt store. then taskrabbit, e-bay for odd jobs that matches underemployed for valuable work in their community. now starbuck's ceo is trying to brung america back. i want to make a difference. starbuck's in partnership with opportunity finance network, a nonprofit that funds small businesses around the country. starbuck's coughing up $5 million to start if you donate $5 or more online or at participating stores you get a nifty bracelet and help loan money to small businesses, local florist, baker, grocer creating jobs across the country and filling the void left by banks that won't lend. why aren't the banks getting it done, charging us fees, they're paying each other big bonuses why aren't they spending the money on us? >> because of this crisis of uncertainty. and people in position to make loans are afraid to give loans because those loans are being written down as a result of high risk. >> isn't this sad that starbuck's has to sell bracelets to fund businesses in

the city now but is still facing resistance from fight as a lot of the ousted leader be busy interim administration say says form is crucial to formally declaring liberation elections but the german from the start of the war coalition by shouting said for that reason nato demonstrates a very selective approach to protecting civilians. the whole idea of the bombing was that it was meant to protect the civilians and bang goes thank god how why does why does anybody inside up to the idea that you have main killing civilians in the lover sitting in the amounts exactly what's happening so many times very selective about what civilians it supports it doesn't support those civilians who markopolos it really it's a claim does the simple reality want to and of course we know you want this war was a proud it was what regime change i wanted to get rid of gadhafi if i could just to stop this helping civilians in libya so they would if not. i don't care about. so little because terrible killings and so on are until really this is a response on the sense of me doing now run. on divans in the middle east has beco

but it's still facing fierce resistance from fighters loyal to the ousted leader and a busy interim administration say said all is crucial to fully declaring liberation and changing connections but german from the start of the war coalition by shelling said for that reason nato demonstrates a very selective approach to protecting civilians. the whole idea of the bombing was that it was meant to protect the civilians in gaza now why does he want to anybody's side up to the idea that you have main killing civilians in another city or town. and that's exactly what's happening. in terms very selective about what civilians it supports it doesn't support those civilians remark was it really does the support of want and of course we know that this. was about regimes like wants to get rid of gadhafi if they could just to stop this. if. they don't care about. so the world is terrible killings and so i'm sure. really this is a response well this is a big. event in the middle east have become an inspiration overseas as in the us the occupy wall street complain and say they're using arab spring revolutionary

the city now but is still facing resistance from fighters a lot of the ousted leader the busy interim administration say sirte born is crucial to formally declaring liberation elections but it means the german from this time the war coalition by shining so and for that reason nato demonstrates a very selective approach to protecting something and. the whole idea of the bombing it was meant to protect the civilians in blanco's saying how does anybody inside up to the idea that you have main killing civilians in another city or town in the area and that's exactly what's happening. very selective about what civilians it supports it doesn't support those civilians who markopolos in the basically does support no one and of course we know you want this hollow to support our. wants to get rid of gadhafi if i could just to stop this how can civilians in libya so good if not. care about civilians was actually happening so the world terrible killings and so i'm sure and you know really this is a response well this is a big run let me. and events in the middle east have become an inspiration overseas and in th

quarter million new jobs by the administration's estimates. what about business tax reform? i don't think the president seems to be willing to work with us on individual tax reform -- >> i've talked to white house officials who say we'll probably get there on lowering the corporate tax rate. the super committee -- >> i think that's the way to do it. >> you think there's news there? >> i think the super committee should do that. i think they have the wherewithal to do that and i believe that will help us create jobs. we are taxing our businesses at much higher tax rate than our foreign competitors tax theirs and we're losing as a result of it. >> if the president agrees to lower corporate tax rates what do republicans give in terms of closing loopholes? >> my point is why didn't he put this in the jobs bill? ideas that had a bipartisan support instead of putting failed ideas that have already proven not to work. >> payroll tax cut is in there. you have agreed to that. >> bush did it, obama did it. the point is, it hasn't worked to create jobs. we want to go with ideas that wo

as the secretary of the treasury just pointed out, small business taxes have gone down under this administration. what we are desperately trying to do is provide support for small businesses. we are trying to get collateral support for small businesses. one part of this bill which has not yet been talked about, but which i want to focus on, is something called the state small business credit initiative. 44 states and a number of territories have made use of this initiative. i don't know whether every member of this committee has been used, -- i don't know whether every member of this committee's state has made use, but it is a way of getting support to the collateral that small businesses provide. i hear this from small businesses, probably more than anything last year, by the way, that is the lack of availability of credit, because the value of their collateral had gone down because the value of all our collateral has gone down. almost all of our homes are worth less now because of this recession than they were before the recession. the same thing is true with assets of small businesses. same t

[applause] >> commissioners, the last item on a matter of administration businesses the formal adoption of for the year 2012. this room has already been reserved for our use for the rest of the year. if the president might entertain a motion to approve the schedule of regular meetings, you will notice i did not schedule on december 25th of next year. >> i noticed you put the date as october 252. did i miss that? >> that is what it says. >> can i have a motion, please? >> so moved. all those in favor? opposed? the motion carries. the next item is the report of the general manager. >> there is one item there -- just to respond to the question on the contracts, we are still working on those signs by october 31st. >> it good afternoon, commissioners. the report covering july, august and september will not be ready until next week. because of scheduling comment -- conflicts, want to share a highlight the would be in a report today. some of the data i will be presenting is still being verified, but i don't expect any major changes between now and the time the report is published. this chart c

business can do. i welcomed the s.b.a. regional administrator, jean, to rhode island and we visited a company called the wild world of indoor sports. two rhode island entrepreneurs that brought this business together, small business and created jobs. and they used the small business administration loan program to do it to start their business and it allowed them to hire 80 full and part-time employees and they are looking at the opportunity to create another facility, another business in another part of the state which is likely to have the same number of employees. and so it's really about how do we provide the needed capital to small business, to startup companies so they can grow their businesses. at another event in my district we announced, along with our governor and our entire congressional delegation, senator whitehouse, senator reid, congressman langevin and i, the launch of a new $13 million loan fund, it's federal funds, again, to be administered by the rhode island economic development corporation and to assist an organization called

in august of 2010, the small business administration explicitly warned the e.p.a. that these regulations were too extreme and would harm small businesses. unfortunately, the e.p.a. did not heed this warning. in addition, the boiler regulation will impose substantial and unnecessary costs for americans to use biomass energy, an essential part of job growth in the northern california district i represent. biomass is a clean and renewable energy source that could help increase our energy supplies and manage our overgrown and fire-prone forests while created much-needed jobs. i urge my colleagues to support this legislation to protect jobs and ensure that this costly regulation does not go into effect. i yield back. the chair: the gentleman yields back. the gentleman from kentucky reserves his time. the gentleman from massachusetts is recognized. mr. markey: again, i would ask the chair if we could review again how much time is remaining? the chair: the gentleman from massachusetts has 1 3/4 minutes. mr. markey: and how much time does majority have? the chair: the gent

administration's policies. he told obama you're, quote, headed toward a one-term presidency and advised him to have a more businesstion. it also describes why jobs delayed getting surgery for his cancer for nearly nine months. he tried a vegan diet, acupunctu acupuncture, and herbal remedies before undergoing surgery in 2004. >>> with the death of moammar gadhafi in libya, a lot of people are now wondering what this might mean for the oil markets. cnbc's bertha coombs is live with answers to that question. bertha, good morning. >> good morning. >>> last winter when we started seeing this wave of revolution in the middle east, we saw oil prices shoot up. not really responding right now with the death of gadhafi. most experts agree that his death curbs a bit of uncertainty in libya. we certainly don't know what's going to happen with the government, and it's going to take time to bring production back to the 1.5 million barrels a day they were producing before the uprising. but long term it could be good news for oil supply. a new ap poll meantime says a majority of americans are still gloomy over the economy. it's

business. but the city administrators said the parks had to be cleared. >> they have an obligation to uphold, and i made the decision with the team that was in place to put an end too what i see is a very -- a very critical situation that posed significant risk. >> reporter: santana says during the demonstration, deteriorations at frank ogawa plaza were unsanitary and at least twice mental medical care was needed. -- twice medical care was needed. >>> our coverage on this story continues. tara moriarty is live near snow -- at snow park near lake merritt. >> reporter: good afternoon. about two hours ago, fresh tents sprung up in place of the old ones. police and protesters that had the protesters taking down the tents. it's calm and peaceful now. but six hours ago, tensions were definitely running high. dozens of police officers swarmed the park kicking protesters out. >> i hereby declare this -- >> reporter: this is the splinter group. >> this is an illegal action. it is 6:00. we have a right to be here. >> reporter: melinda stone joined the camp after leaving her job and home. >> this is he ren

according to the small business administration, those regulations cost businesses $1.75 trillion eache need to stop the parade of new regulations and he joins us "right on the money" here live. senator, not only do you say you need to stop, you even though the threshold to start again, and it's just over 7%. >> good morning, brian. yeah. thanks for having me on. you mentioned the $1.75 trillion. we mention that figure a lot. but people really need to stop and think about that. that's a larger figure than all but eight economies in the world. it's 12% of our gdp. that's what we heap on job creators every year. my act would stop the issuance of all new rules and regulations until the unemployment rate dropped below 7.8%, which is where it was when president obama took office. >> brian: people will say, wait a second. another republican trying to drop regulations, so we have a polluted society with bad air and no ozone. >> brian, we're not talking about -- we do need to start rolling back some of these harmful regulation, but we're saying stop them. let's put a moratorium on and allow jo