i would also say that the new terms, as i mentioned, have a bifurcated basic rent, such that the low season from october through march -- the old basement was $117,000 or so per month. putting the new print in place prior to april, it would have dropped before that time. supervisor chu: i see. so the comment you are making, in 2010, early 2010, the tickets for the parking were very much sold. in baseball season at least, which is when we would have charged a higher rate of $300,000 for a permanent rate. so, if we, at the port had decided to say, let's implement in april 2000 at 11, we actually would have seen an implementation, so it made no sense to do it at that time. supervisor kim? supervisor kim: i just had a follow-up question to that. selling spaces in advance -- why was the port not aware of this? i am aware at the time renegotiated finally, but knowing this was the president, would it not have been a surprise to the port that -- known this was the precedent, would it not have been a surprise to the poor that the parking spaces would have been given away -- to the port that t

it would be bifurcating, to be consistent with the last issue to take an action on the embarcadero scenicsign issue. all the other mapping issues to a later date when you will address those planning code issues. commissioner moore: i appreciate your explanation. that does not change how i feel about it. commissioner sugaya: mr. sanchez, if lenders to do correctly, -- if i understood you correctly, the motion has already been made. the motion affects what would be item no. 6 which is adding the embarcadero -- excuse me.

it would be bifurcating, to be consistent with the last issue to take an action on the embarcadero scenicsign issue. all the other mapping issues to a later date when you will address those planning code issues. commissioner moore: i appreciate your explanation. that does not change how i feel about it. commissioner sugaya: mr. sanchez, if lenders to do correctly, -- if i understood you correctly, the motion has already been made. the motion affects what would be item no. 6 which is adding the embarcadero -- excuse me. that has to do with the scenic street. >> staff is recommending that adding embarcadero to the scenic street and approve the mapping changes to a later date. you discussed the relative tax changes. consistent with the last action. -- you discussed the relative changes. commissioner miguel: had we not separated things down, if i had been only on this, we would have had these items as one item, basically. that is what we're doing. commissioner moore: do we have a map so we can see the map? we have that anywhere? it is in words? >> it is in words but it is along the embarcader

you see this interesting by fur bifurcation. nike keeps going. there's catalysts going for them. they have european soccer championships. olympics. nfl jersey deal. there's a lot of things bulls want to point to here. that's the high end of the five-year range here. so it's not ridiculously expensive, but relative to recent valuation, it's not cheap. so when i look at these things and i think the markets have a period of time where china just told us that growth is going to be slower than a lot of people expect, that's where nike will get their growth. if they have any indication that things are slowing down, you could see a pullback. >> dan is using one of our put spreads. it is a bullish strategy. excuse me, a bearish strategy. you sell a lower strike put to cut your costs. you want the stock to fall to the strike of the put that you sold. that's where you make me most. that's also where your profits are capped. walk us through the trade. >> this is similar to the trade we did a couple weeks in cat. i want to take a tight put spread here. i want to take a short-term view. i'm i

for the site, the port and cbc reached consensus in early 2010 on a new market rent, including a bifurcated structure that recognized the site. however, by the time the consensus was determined in reached, the giants' season- ticket holders have already purchased their tickets for the following baseball season, including parking for these season-ticket holders, limiting the ability of the giants to increase revenues to capture an increase in market rent. this resulted in the least, the existing lease, remaining on a month-to-month basis through the 2010 baseball season. in april 2011, using the market rent material decisions made prior, the port adjusted the rent to market under the following terms. when there are no baseball games, usually, the rent is $45,000 at a base level. april through september, the rent is $355,000 per month. in 2011, the port and cbc finalized the remaining lease terms. in october of that year, the lease was approved. again, this is a lease for five years, and interim lease. the base rent extensions in the high season, $45,000 during a slow season. subject to an an

at national preparedness and identify gaps, how do we get the funds to address those if we're so bifurcated and how we're identifying how the money is being spent in different programs which, again, oftentimes local jurgs dictions are working together already. as we look at fy-12, we're funding the urban security grandz and doing grants for transit and port which are being addressed on those grants. and as we look at the combined of those grants, we see similar process within overall grant structure. but would identify in that grant application process the priorities for the urban areas, the priorities for those things as a national priority. but not necessarily put them into separate pots of money or identify separate funding streams and give more flexibility to the states and their partners to address how we would fund that within the jurisdictio jurisdictions. >> thank you, i now recognize mr. rogers. >> can you hear me okay? >> yes, sir. >> mr. chairman, thank you for giving me this time. apologize for being late. i had another testimony to give on another committee. but i want to be he

national preparedness and we identify gaps how do we get the fund to address those if we're so bifurcated and how we're identifying how the money is spent in different programs which oftentimes, local jurisdictions and state jurisdictions are hopefully working together already to address these issues. so as we look at fy 12, we're still funding the state homeland security grants, the urban security grabts and doing competitive grants for transit and port which is being addressed with our partners with coast guard and tsa for authorizetion. and we identify in the grant wear, the priorities for those things as a national priority but not necessarily put them into separate pots of money or identify separate funding streams and give more flexibility to the states and partners to address how they would fund that within those jurisdictions. >> thank you. i'll pick this up on the next round. >> we'll now recognize the chairman of the full committee, mr. rogers. >> i got it on now. >> can you hear me okay? >> yes, sir. >> mr. chairman, thank you for giving me this time. i apologize for being late

it's got this bifurcated treatment now, and portions funded with discretionary funds. we assume that the program's funded with discretionary resources and that the maximum award is maintained. >> that's a significant portion of that 166 is the shift from mandatory to discretionary. >> do you assume the doubling of the stafford loan interest rates that are coming out? >> we make no change with respect to the assumption in the baseline. that's under current law. >> let me turn to the function 920, allowances. your budget shows for each of the functions, sort of certain spending, i assume they are targets for the different areas. defense, international affairs, education, then you've got $900 billion in your allowances function. could you explain what that represents. >> there are a couple of things going on. the first is that cbo with respect to the sequester savings puts the savings in function 920, in addition, we focus on discretionary program, 2013 in what's going on in our assumptions. we carry some of those assumptions into the out years but will be revisited throu

have on this issue and which we by past experience have learned the hard way is a big problem with bifurcated regulation. i yield back, mr. chairman. >> thank you. mr. bacca recommended for 1 minute and 15 seconds. >> thank you very much, mr. chairman and ranking member. i also want to thank mr. cordray for being here today. one of the biggest accomplishments contained in the dodd/frank act was the creation of consumer financial protection bureau. finally -- i say finally we have a cop on the beat with sole purposes to ensure the american consumers are getting a fair shake in the marketplace. in the past four years has been dominated by efforts to clean up the mess created by the previous structure which left enforcement and regulation based solely on financial industries' bottom line. if we tor accept the notion that financial sector was created and exists and depend on the activity of the americans and consumer, well, then i think it's imperative that we do all we can to protect the well-being of the american consumer. and just a few short months, since mr. cordray took his post, the cfpb h

. >> there's definitely a bifurcation at that level, in terms of the property type and the values. the higher end properties are doing very well. >> tom: just after we spoke with edward, the buyer from toronto, he learned his offer for the condo was accepted. tomorrow, our housing series goes to houston, which was insulated from the worst of the housing bust. >> susie: when the bottom fell out of the housing market a few years ago, uncle sam stepped in to offer prospective homeowners a big reason to buy, a hefty tax incentive. but for some, it's created a tax nightmare. kevin mccormally explains in tonight's "tax tips." >> did you, or someone you know, sell a house in 2011 that was purchased under the government's new home buyer tax-credit law? if so, it may be payback time. part of the deal for earning a $7,500 credit in 2008-- or the $6,500 or $8,000 credit for 2009 or 2010 purchases-- was that you stay in the house for at least three years. congress didn't want to encourage more of the flipping that helped create the housing crisis in the first place. the stick to go along with

. >> it's absolutely a safe haven and what's happening that's interesting is they're somewhat bifurcationthey're seeing tremendous activity for a limited quantity of product. and the other end of the spectrum, those that have distress, which is very opportunistic, we're also seeing quite a bit of interest and activity. the core in the middle, which is not nearly as interesting or exciting because you don't have the stability or the great upside potential, isn't getting as much activity now as it would in a more stabilized environmental. >> really, really interesting. these are the day pa points that piece the puzzle together. very, very important. thank you so much to john lyons, ceo of savills as well. meanwhile, arnab das, thank you, in london as well. profits jumped. the company projected fourth quarter sofltware sales will range from a drop of 2% to growth to as much as 8%. although the ceo says that forecast may be a bit conservative. oracle road 1% in after hours. ing it now in frankfurt it's up 22.5%. and mitt romney adds illinois to his win list, taking that state's republican pri

bifurcation between fortunes of companies and rich nations right now. >> so interesting fefz 50s and '60s last time anybody got a raise, american worker got a raise was 1968. this it at the same time concurrent with huge technological innovations that foster globalization. we see the world changing faster than american families can keep up. washington seems absolutely unable to get out of its four-year thought cycle to address what is a changing reinvention of this country. >> we have become a can't do society. when i was growing up in those early post-war deb aids we were a can do society. one of the main things we did was invest in the future of the united states and in the american people. the reason i think taxes have to go up are two-fold. one, we have those enormous budget deficits. we have to get some handle on them at some point. even more important we have to make some investments in our infrastructure, in education, other areas, research and development. that's where you'll get the new ideas, the innovation, new industries that will power the american future. >> interesting

this is bifurcated. the fact stocks are up, people who own stocks are wealthy. they are wealthy. a lot at the top, fast growing at the bottom but not enough in the middle. we've got a two-speed recovery. >> a lot of people saying that. another thing people with money feeling this recovery, people without aren't. i think that's something we can agree on. let's talk about mitt romney, the front-runner for the presidential nomination. he acknowledges a recovery is under way. he says he would be doing a lot better if he was in charge. >> i'm somewhat experienced in the economy. i'm not an economic lightweight. president obama is. we're not going to be successful in replacing an economic lightweight with another economic lightweight. we have to replace him with someone that can run the recovery. >> he's saying if there's a recovery under way he has to say amidst the economic recovery, i'm the guy to really know how to make it better. >> it's interesting you see the shift. you have to recognize reality. we're seeing economic indicators point northward, up. his message shifted to, look,

i think the answer is somewhat bifurcated. let me explain. think the government needs to produce a foundation of confidence. i think what we saw after the debt ceiling debacle which really continued months and months later is that a fracturing of confidence and in a sense a fracturing of leadership. and that happened here in the u.s. and abroad. we also have to recognize that we are in such a connected world where anything that happens either or in greece or in spain or china or india, anywhere in the world, has a significant rippling effect. so confidence is such a big issue. as it relates to business, you know, we're -- we have so much money that is being stored overseas by u.s. companies. that is a significant opportunity. it's not being brought back here because of a tax policy. that's something that the government could do and could change. money isn't being invested by many corporations into the u.s. economy because of uncertainty. and so i think the answer to your question is it's not so much policy although certain policies can affect

the numbers keep telling us we've got this bifurcation.nsumer confidence is rising even in the face of higher gas prices. has anybody noticed that? >> you have. >> anybody else? >> yes. i think a few people may have. >> it may be flattening out. >> the question is, do we believe that based on his history of the depression that just holding the course, that we don't have sustained increases in jobs, that none of this is sustained, we have no proof he's got to stay where he is. do we trust it? >> what choice do we have? i'm willing to acknowledge the risks. you've got big tax increase risks next year. you have regulatory risks. this is stopping business from really opening up the throttle. so that's not bernanke's jurisdiction. okay? you've got a tax cliff that we're going to fall off of. all's i'm saying is if he makes a mistake now with qe-3 which would be the printing of more money, expansion ot balance sheet, you're going to see the greenback sink, oil and commodity prices rise. so far he hasn't made that mistake. >> that's not going to

other things that similarities are too real for the base to stomach, so that's why you see the bifurcationthe polls right now. they are still pushing to get a conservative to the front of the line and to push through and to be the challenger in november. >> it just seems that, this is a great sort of human case of people, do i do what we are supposed to do to win or do we do what makes me feel really good when i walk out of the polling booth. >> it's the heart versus the head. that's where san forum is doing so well wp with those people who finally see a chance to have a real conservative nominee for, you know, in this party. and lead this party. they didn't have that chance with john mccain and they don't have it with bob dole. >> it was the good guy here. the guy with the heart. he is really pure. now we will find out what purity is. pastor dennis terry. let's look at what he is preaching from the pulpit he shares with rick santorum. >> as long as sexual perversion is becoming normalized, somebody needs to stand up and say, god forgive us. god have mercy upon us. as they continue to tear

but this is a bifurcated recovery. the fact that stocks are up kind of speaks to that. people who own stocks tend to be wealthy. there's a lot of jobs at the top, a lot of fast-growing jobs at the bottom, but there aren't enough in the middle. we've got a two-speed recovery. >> and if people are feeling this recovery, people without money aren't. i think that's something we can all agree on. >> absolutely. >> let's talk about mitt romney, the front-runner for the gop presidential nomination. he acknowledges that a recovery is underway, but he says he would be doing a lot better if he was in charge. >> i'm someone experienced in the economy. i'm not an economic lightweight. president obama is. we're not going to be successful in replacing an economic lightweight with another economic lightweight. we're going to have to replace him with someone who knows this economy. >> will, he's making the the case that he's the guy to help the recovery. and if there's a recovery underway, he's got to be the guy to say, midst an economic recovery, i'm the guy to really know how to make

retail landscape remains bifurcated with malls posting signs of recovery than other property types orits and where we want to put the money. property group for one is a real leader. up nearly 33% in the past six months. general growth up nearly 40%. and mace rich up 35%. there are still headwinds in retail. number one, gasoline prices. it's not only just driving to the mall or driving around, it's what those prices take out of consumer's pockets. and remember, of course, consumers will only spend when they feel good about their pocketbooks. tyler. >> diana, thank you very much. now to the auto industry where domestic dealers are focusing on profitability. profitability. imagine that four years ago. brian shactman crunching numbers in new jersey. brian. >> you know, tyler, i'm actually at a minicooper dealer in ramsey, new jersey. one of several foreign brands to expand in the last year. not the case with the big three. in fact, they have been reducing the number of their dealerships over the last couple decades. and of course when gm and chrysler restructured, they lost thousands of d

the community, the communities of calexico and mexicali, something that was once one, is forcibly bifurcated against the will of the people who live there. they are at the mercy of mexico city and sacramento and washington were decisions made about their lives and these are decisions that they know our counterproductive. so the premise in my book "calexico," the conclusion, what i jump up and down about is that what we need to do with something different. one of the fascinating aspects of the border as an issue is that we can all agree about something, no matter our political point if you. no matter how we live in relation to the border and everybody in every state and on the border one way or another. we can all agree on this and that is that the border is broken. it is a tragedy and a disaster, and we can't fix it by putting a wall up because we don't have the political will or the social desire to have a complete wall. we are maintaining a fiction that we want to keep people out. and so what i suggest we should consider doing, and this relates berkley to the drug trade, is we let any mexi

because people's lives are not bifurcated between i'm an environmental person. i'm an health care person. i'm a jobs person. people's lives are, you know, a big mix of all of that stuff. and so this spring, you're going to see people from all these different kind of issue silos come together under one agenda. and work together, train together and act together. >> you describe what used to be the base of the democratic party. and i'm sure if you got a chance as one organizer to another to see barack obama, he would say to you, "george, just help me keep those people in the democratic party, and we'll make their lives better." >> i think people are losing faith in the political process as it's run right now. and i think the super pacs are a big example of that. but so i think people feel like they have to take things into their own hands, and engage directly at pressuring the corporations. >> sounds like the tea party, right? they're taking things into their own hands. >> you know, in that way, i think there is a similarity. i mean, i think you're seeing people's

coming up and about one half hour of bifurcate we will show you a video.he area is still extremely dangerous with downed power lines >>mark: decision 2012. after the victory in pr. mitt romney is expected in another victory in illinois. >> santorum i do not care what the unemployment is. my candidacy does not hinge on unemployment. >> i do care! i want to get people back to work. >>mark: a retort. >> santorum: as far as my political campaign of course i care. but i am saying that my candidacy does not hinge on the employment free up or down it is something that transcends. is about freedom. it is not about governor romney romney is going to " fix " the economy. we believe that we can create an atmosphere for the economy to fix itself. >>mark: 44% will to vote for romney. a 36% for santorum. >>darya: let us take a live look at milipitas. this is the 237 westbound. car pool lane changes. we will have a live report on that. >>mark: welcome back watching milipitas the 28. 237 -- these r pool lanes providing a new configuration. >>jackie: this new configuration

haag what unfair off of voids of bifurcate that at van when the fog >>mark: gas prices are on the rise. we will tell you how much more you will pay for new head to the pump. here is a quick look at bay area weather and traffic. >>james: here is a quick look at the golden gate. pleasant conditions for now. fifth temperatures in the '40's and in some spots, the mid 30's fury f here is where we see temperatures at the moment. of whack of thoughtful a full detail forecast just moments away >>erica: as we survey traffic conditions, because we're around the bay area, was about 580 has seen about 20 minutes delays. the south bay will likely are enjoying moderate conditions with no extra problems to alert you to. if you are coming out of marin county, relatively light conditions along highway 101. >>mark: a man is under arrest for the violent murder of five people. police say if he killed his victims in a san francisco home and the bodies were discovered for early friday carried it was virtually thought to be a murder/suicide. if police have a few other details and to share. >> on friday morni

the investigators will be here tomorrow going through bifurcate looking for any possible evidence., family and friends are being talked to by investigators and looking at herself on in computer for any evidence. >> we love you. we cannot wait to see cheering again and singing again. you have to get home before saturday because you have here a point. >>will: her father is in fact a registered sex offender lives in fremont. he and his wife or divorced. he is not a suspect according to investigators. see has access to his daughter in a good relationship with her. coppices do know where he was on the day she disappeared. >>mark: >>will: this is the area where she catches the bus. we ask why police are not out here doing investigations and interviews. he said each department is different. the investigators want to keep information close to their vests. at lysol, we discovered a problem. the more products we touch around the sink, the more dirt can spread around the kitchen, and the more germs we can spread on our hands. that's why we created the lysol no-touch kitchen system. one no-tou

you of all over the past 30 or 40 years with the bifurcated politics where you may have locally elected, but increasingly people would vote for the republican presidential candidate and maybe the senate or gubernatorial candidates. the really big news from this last election, the 2010 election was that after years and years of efforts to drive this down to the grass roots, in 2010 it exceeded completely with a republican majority legislate tors and holding the governor's offices all over the south. lyndon johnson's predictions sort of came true, but it took a lot longer read it took the election of an african-american president in addition to the passage of the civil rights voting act all of those decades ago to really complete the process. host: this is what the electoral college map looked like in 2008. christians in this country are just as dangerous as the extremist moslems. as for santorum, that leaves them out completely for me. also the woman should have the right to do what she wants with her on body. that is debatable but that is my opinion. i appreciate you letting me make my

they bifurcated the construction projects. they did it six times, and at least now we know that they have acknowledged what they did during those times when they only gave in some cases one-month extensions. i yield four minutes to the gentleman from florida, mr. nugent, my colleague. the speaker pro tempore: the gentleman is recognized for four minutes. mr. nugent: i want to thank my friend for florida and fellow rules committee member to allow me to speak today on behalf of this. you know, it's interesting to stand up here and listen to what comes across from the other side. they talk about the f.a.a. bill. that's a bill that while they were in control of this area since 2007. there was not a re-authorization of that bill until this year, until the 112th congress came into power that we now have a four-year re-authorization of the faumplet bill that sat over on the -- f.a.a. bill that sat over on the side since they had control of the house since 2007. no action other than just temporary fixes. and the same goes with now wit

you of all over the past 30 or 40 years with the bifurcated politics where you may have locally elected state legislator tors, but increasingly people would vote for the republican presidential candidate and maybe the senate or gubernatorial candidates. the really big news from this last election, the 2010 election was that after years and years of efforts to drive this down to the grass roots, in 2010 it exceeded completely with a republican majority legislate tors and holding the governor's offices all over the south. lyndon johnson's predictions sort of came true, but it took a lot longer read it took the election of an african-american president in addition to the passage of the civil rights voting act all of those decades ago to really complete the process. host: this is what the 2008 map look like. joining us from illinois, good morning -- caller: their references to the religious in this country. we have a division of church and state which i think is very important. the religious aspect has no place in our political and irina. in my opinion, the right-wing christians in this cou

>> it's a bifurcated trial. get a unanimous verdict. one of the big distinctions between our criminal justice system and the regular system, you see these cases it was one holdout juror. in the military you can still get a conviction. however, in order for there to be the death penalty there needs to be a unanimous verdict. you can get a partial verdict. he could serve life in prison. if you want to pursue the death penalty the jury has to unanimously agree on his guilt and then there's a penalty phase, separate trial, where they consider both factors, mitigation, aggravating factors. that's where you'll get into alcohol, ptsd, possibly whether there's a threat to national security. the aggravating factor doesn't have to be per se threat to rnl national security. >> it will be fascinating as we get more information about the suspect, about what happened that night to learn all of that. >> very, very sad case. >> thomas kenneth. i feel like i graduated from law school. still ahead this morning on "starting point"

you of all over the past 30 or 40 years with the bifurcated politics where you may have locally elected state legislator tors, but increasingly people would vote for the republican presidential candidate and maybe the senate or gubernatorial candidates. the really big news from this last election, the 2010 election was that after years and years of efforts to drive this down to the grass roots, in 2010 it exceeded completely with a republican majority legislate tors and holding the governor's offices all over the south. lyndon johnson's predictions sort of came true, but it took a lot longer read it took the election of an african-american president in addition to the passage of the civil rights voting act all of those decades ago to really complete the process. host: this is what the 2008 map look like. joining us from illinois, good morning -- caller: their references to the religious in this country. we have a division of church and state which i think is very important. the religious aspect has no place in our political and irina. in my opinion, the right-wing christians in this cou