there are clear public benefits that came along with building that luxury. an unfortunate truth in the city is for us to do public benefits, whether it is open space, we generate it from the market rate developments in the city. something i am very happy about is we can wonder about how much $11 million benefits in terms of affordable housing, but we are talking about a very small project. !you can generate a lot more public benefits from much larger projects. we are talking about a very small project. $11 million -- you can say it is not a lot of money, but it is high above what any other developer has committed to affordable housing. we are talking about continued development on the waterfront, whether it is with the warriors arena or others. another point i think was valid is who is our waterfront for. i think the lancet street was an incredible -- i think delancy street was an incredible project. i am pleased to see the port is committing to the developments for affordable housing, but in order to build on that site, we need revenue into our public trust

there are clear public benefits that came along with building that luxury. an unfortunate truth in the city is for us to do public benefits, whether it is open space, we generate it from the market rate developments in the city. something i am very happy

there are clear public benefits that came along with building that luxury. an unfortunate truth in the city is for us to do public benefits, whether it is open space

you say one thing and then you vote for luxury housing. these people that have luxury housing are not here enough to spend money [bell rings] they're here for a week or two during the year. they do not contribute anything to the economy here. as far as jobs are concerned, we have big projects going on in the city. please understand what the people want. you're here to serve the people, not politics. thank you. supervisor cohen: are you for the definition or against the definition? >> i am for anything that supplies housing, although i do not think 150 feet is adequate. it sounds like living in a closet to me. really, i mean, i think you can do better than that. however, any housing is better than in the housing at all. supervisor cohen: thank you. supervisor wiener: ok, any further public comment? supervisor mar: now we will close public comment. i would like to jump in quickly to say that i think this is good legislation. i think you have done your homework to reach out to different groups. i do feel like there needs to be more discussion

there are clear public benefits that came along with building that luxury. an unfortunate truth in the city is for us to do public benefits, whether it is open space, we generate it from the market rate developments in the city. something i am very happy about is we can wonder about how much $11 million benefits in terms of affordable housing, but we are talking about a very small project. !you can generate a lot more public benefits from much larger projects. we are talking about a very small project.

this is a report from boss consulting group which shows luxury trips make up 55% of total luxury spending worldwide. and year on year it has grown 0% fast other than luxury goods. that suggests our next guest is in a fairly good spot. we saw this week about how tight the airline industry is in. why has that not impacteded you? >> you saw the news this morning, people want to take vacation. the situation is so tense and difficult, people want to relax. that's one, i would say. sorry to be a little pitt ofbit joke. but clearly luxury vacations are on the rise. people want to travel, they want to discover a beautiful place. they want to do it in beautiful homes. and we see whether it's a ski resort or whether the new club just created, portico, that people book for the summer, people booked for the winter. we already see bookings for next spring and next summer. >> when we talk about luxury, such a wide definition. maybe we ought to define it tighter in terms of what you mean. how much typically are your clients paying? what are they doing? what sort of trips are you arranging? >> okay. if w

what does a luxury tent entail? >> a luxury tent. maybe it's a come if i, come if i bed. you can go places in the caribbean. >> king sized? i heard there was air conditioning. >> in the tent? >> in the tent, yeah. >> tent. not green. >> it's now coming to us from wmc action news 5 where the city rallied to save one precious life. a team of plumbers, city workers and animal advocates worked tirelessly to free a kitten from an underground pipe while it was trapped. while it was trapped the kitten became a social media darling generating buzz on twitter. there's no official tally of how many of the cat's nine lives were used up but eventually it was saved and was aptly named, pipe kitty. >>> i'm veronica de la cruz, this is "early today," your first stop of the day on your nbc station. >>> in chile, one man goes to great depths for his wine, literally. a winemaker has a new way of storing his red wine in deep in the pacific ocean. his label is called reserve marina meaning stored in the sea. he results is result in a fuller, richer taste and even offers his customers the opp

any luxury and market rate housing, i understand your opposition, but if your opposition is based on community benefits, i actually think what we have before us is a good deal. chair: supervisor olague? supervisor olague: this is one of those projects where i think at the end of the day, the impacts are being mitigated by the benefits that we are receiving from the developer. again, i do not believe this has some of the impact that we have seen of other projects that have been heard here at this level or certainly that i have heard on the planning commission level when i sat on the planning commission, when we look at issues like park merced, we were talking about the demolition of 1500 units of rent-control housing, which, despite the fact that some assurances were given in the development agreement later on, i still believe that there were concerns given the fact that costa hawkins, the state law that regulates rent control in the state of california has been challenged in other development agreement situations and other counties, including los angeles with the polymer decision, an

the hotel was in the third or fourth month it was open had the highest occupancy of any luxury hotelcisco screaming success for seven years. >> things that have served you or those failures that you continue to have deep regret and haven't provided the meaning. >> i'm still figuring out the meaning related to the last relationship, it was an eight year relationship that ended and single still now, and happily single, but trying to figure out what went wrong there, what was my part in. it i'd been in an 11 year relationship, an eight year relationship. i don't want a six month relationship. i'd like the next one to last the rest of my life. i'm still reflecting on what my part was. i think one of the pieces is i get so wrapped up in my work sometimes that it can mean i don't have much time to invest in the family life. >> best advice you've ever received? >> i think it was well, you know, richard branson said something that was pretty good from a business perspective, i am the market should be your mantra. if you're not in love with the product you're creating, stop spending time on i

carries pictures from the wrong war when describing syria i mean it's just a luxury for those that have hard power to clean up and maybe hide their mess. i think peter i think it's an easy target probably because it started as an academic concept so there are plenty of critics who want to call it as a result an academic exercise but really i think the world is changing i know that sounds incredibly cliché but it's true especially when we think about the diffusion of power so powerful is moving not only from west to east but it's also moving away from states altogether and this means just purely trying to use hard power is more difficult and in fact i mean i suppose some of the us is use of hard power recently shows the limitations of that and i think as you try to get your way as countries try and achieve objectives so power is going to be more important and i haven't even touched on the issue of power diffusion but also if we think about advancements in telecommunications and how fast information moves around and the democratization of access to that information really empowers more pe

you know i've heard this argument before i've heard people say that soft power is really a luxury of people and power. but whether or not we can accurately define soft power is this and not that or analytically distinguish it i think what's important is that international actors whether they be nation states or n.g.o.s recognize soft power is important so we need to pay attention to it and i think the clearest example of this is the incredible investment in soft power by china right whether or not soft power where if they believe it where do you think you want to put if you think it works if you think that the world is change its opinion about china after all of that investment do you think it's effective well like i said earlier i think soft power is a long term game i don't think that it is evidence in the short term in ways that are obvious i think that the long game of soft power is to change the rules of the game for international relations so that other nations states and actors play by your rules or value what you value or populations that are crucial to your foreign policy wi

football legend joe montana getting a go ahead to build a luxury hotel across from the stadium. not bad. the legend first introduced -- a little higher than that. the legend, first introduced that idea of the luxury hotel last summer and last night the council voted to approve plans for that four-star hotel. now the question is, how much montana will have to pay the city for the right to build on its land. the hotel is due to open in conjunction with the stadium at the start of the 2014 season. >> the best male gymnasts are putting hours of training to the test. >> the magic rolls on. the men's competition taking center stage at hp pavilion. marla tellez has been doing cal thentics all morning long. a look at today's competition. >> reporter: i'm all stretched out now you two. good morning. we're less than 30 days away from the u.s. summer olympics in london or from the summer olympics in london i should say. before all of that happens, it's the olympic trials in gymnastics at hp pavilion, you two said that. before that happens how about a morning workout here in downtown san jo

thomas admitted to spending the money on luxury vehicles and lavish trips. he will serve his sentence in montgomery, alabama. he could be released as early as february 200015. >>> u.s. military investigators are suggesting that troops that burned qurans in afghanistan be punished. several of the muslim holy books were thrown into a garbage fire pit back in february. the punishments could range from a letter in their file to docking their pay. the recommendations are still under review by the pentagon. >>> former egyptian president hosni mubarak is off of life support. however, he's still -- he still remains in a coma. the egyptian state media reported earlier that the 84- year-old ousted leader suffered a stroke. he was last seen in public 17 days ago when he was sentenced to life in prison for failing to stop the killing of protesters during last year's arab spring demonstrations. >>> the defense has rested its case in the jerry sandusky sex abuse case without calling the former penn state coach to the stand. court has now adjourned for the day and closing

what is luxurious or not luxurious. changing to the time. >> let's talk now about one of the frontiers that you broke down. you're one of the first to do. you went into the streets of paris but not to the streets that we know that are in front of the palace but the streets with a very mixed community. in those days, even more so. and that inspired you to do collections. this was in a way breaking a parisian code, wasn't it? instead of pretending these immigrants were not there, you're actually inspired by their colors, their hair, their clothes, and you turn them into your collection. >> definitely. i was very inspired by different people always. maybe -- with me, i felt a little different. a project at school. for example, not doing football. i was more touched by people that are a little different or could be rejected. they inspire me also because i do not know it was another world. for inspiration, for example, because close very clearly, very early became my attraction -- clothes became nmy attraction, a subsection.

this is a luxury car, and it is still priced just out of the mass market and california's state ownedet. >> we have a few budget issues, but as we get a little money the price comes down, and you can be sure this will be in the fleet of california. >> as they roll out, plans are already in the works for the next generation tesla. >> it will start after the tax rebates around 50k. i think we need to in our third generation try to be under 30k. >> tesla spokesperson says they don't have a specific number about how many employees were rehired here at the tesla plant when the numi plant shutdown in 2010, but when work reves up here, they want to rehire those workers. abc7 news. >> thanks, sergio. >>> google's ceo is reassuring employees in an e-mail about his health saying nothing is seriously wrong. this as he skipped the internet company's yawl shareholders' meeting. the co-founder apparently lost his voice. google won't comment further on his condition. >>> a san francisco homeless man 's plight is gaining national momentum. he came across mo, a homeless man who has been living on the

this is a luxury car, and it is still priced just out of the mass market and california's state owned fleet. >> we have a few budget issues, but as we get a little money the price comes down, and you can be sure this will be in the fleet of california. >> as they roll out, plans are already in the works for the next generation tesla. >> it will start after the tax rebates around 50k. i think we need to in our third generation try to be under 30k. >> tesla spokesperson says they don't have a specific number about how many employees were rehired here at the tesla plant when the numi plant shutdown in 2010, but when work reves up here, they want to rehire those workers. abc7 news. >> thanks, sergio. >>> google's ceo is reassuring employees in an e-mail about his health saying nothing is seriously wrong. this as he skipped the internet company's yawl shareholders' meeting. the co-founder apparently lost his voice. google won't comment further on his condition. >>> a san francisco homeless man 's plight is gaining national momentum. he came across mo, a homeless man who has been living on

his charming assistance have properties like this one to offer them, a huge modern villa with a luxuriousnteriors and fantastic views. the asking price is 2 million euros, a bargain by swiss standards. there are plenty of potential buyers from france, he says, and claims they are motivated by fear. >> i can understand why company owners, who have worked hard their whole life, are worried about the small fortune they have accumulated. it is more than understandable for them to come here. >> it is no coincidence that the french are keen to move to switzerland following the election of the new french president, francois hollande. he has announced plans to raise the maximum income tax rate to 75% and also increase inheritance and capital gains taxes. pierre's phone has not stopped ringing. switzerland appeals to rich foreigners on account of its low taxes and zero inheritance tax. he has recently welcomed 50 new residents from france. >> we have entrepreneurs, doctors, artists, and a well- known actor. they all have a sizable fortune and want to live in the countryside, but with some links to

there are many, many clubs and most of them don't have the luxury of all of this land that this club does. so there are many

just as we need to deal with the housing, we're talking about luxury housing, and not just for the wealthy but very wealthy, the impact on low-income housing is pretty significant, so i am still trying to understand what exactly it is that you are proposing through this motion. i am supportive of adding $2 million, but i am not sure where this is going. chair: president chiu? president chiu: let's be clear about where the votes are going. this is to contribute a certain amount to go to the city fund to create more housing, and i agree with many of you that our first priority should be for lower- income housing, but i'd also like to assure that we're able to see some level of additional money going to house ecologist given weatherization is today, so my suggestion for an amendment would be would be some flexibility for the low-income affordable have been developed and a glut of moneys that could go towards work force housing that i know supervisor wiener has been championed -- championing. chair: do you accept the amendment? this is not approved by the new seconder. is there a new seconder?

a man found shot to death in his luxury apartment, his killer still on the streets and his family is left wondering why it all happened. fox 5's audrey barnes working this one now. >> police don't have a motive now for the killing and very few clues. officers were called to eric somoa's apartment last night by a family member who was unable to reach him. the 34-year-old, topsman at a bethesda jaguar and range rover dealership was found shot to death inside. family members are shocked by the violent way his life ended. >> i'm trying to be the strong one for the family and all, still can't believe it. get up in the morning and we still can't believe that this has happened to him. especially in his own place someone just want to take a young man's life like that. he wouldn't harm a fly and for this to happen to him yes, it's very devastating to our family. >> eric somoa leaves behind two sisters, a brother and his parents. they're pleading with the public hoping for a tip to help police crack the case. >>> another big story, the corruption scandal swirling around city hall. call it a on

all because it wants to regain its crown as the top luxury car brand in the u.s. a crown it recently lost for the first time in 11 years to bmw. >>> well, most overseas markets are up sharply this morning after the election in greece. tokyo's nikkei average surged 152 points today. hong kong's hang seng was up 208. in london, the ftse opened higher. on wall street, the dow picked up 213 points last week. the nasdaq index gained 14. >>> and the animals ruled the zoo and the movie theaters this weekend. "madagascar 3: europe's most wanted" was tops again at the box office for the second weekend. it took in 36 million bucks. "prometheus" was second, taking in $20 million. and "rock of ages" sank like a stone with a debut of just, in movie terms, a paltry $15 million. did not do nearly as well as they wanted it to. >> i may check it out, though. >> yeah. >> i like the songs. >>> coming up, the texas teachers accused of ordering her entire class to line up and take turns hitting a boy. why she allegedly did it. >>> also ahead, the latest on the death of rodney king. wh

this is a luxury car, and it is still priced just out of the mass market and california's state owned fleet. >> we have a few budget issues, but as we get a little money the price comes down, be sure this will be in the fleet of california. >> as they roll out, plans are already in the works for the next generation tesla. >> it will start after the tax rebates around 50k. i think we need to in our third generation try to be under 30k. >> tesla spokesperson say atheyc number about how many employees were rehired here at the tesla plant when the numi plant shutdown in 2010, but when work reves up here, they want to rehire those workers. abc7 news. >> thanks, sergio. >>> google's ceo is reassuring employees-mail about e-mail abot his health saying nothing is seriously wrong. this as he skipped the internet company's yawl shareholders' meeting. co-founde the co-founder apparently lost his voice. google won't comment further on his condition. >>> a san francisco homeless man 's plight is gaining national momentum. he came across mo, a homeless man who has been living on the streets for the

my conversation with the founder of luxury e-tailor, guilt group. >>> and what went right? the "wall street journal" begins right now. >>> here's look at what's making news as we head into a new week on wall street. we're ready but we're not doing anything yet. that was the word from federal reserve chairman ben bernanke this week testifying before a congressional committee. he said if the economy needs help, if europe worse rns, the fed is prepared to step in and europe is still a concern. >> the situation in europe poses significant risks to the u.s. financial system and economy and must be monitors closely. as always, the federal reserve remains prepared to take action as needed to protect the u.s. financial system in an economy in the event of financial stresses escalate. >> the fed chairman's testimony helped cool off the markets on thursday which had been hoping for a clear he sign of easing. the dow had its best day of the year wednesday, up better than 280 points. the markets continued to rise on friday. prospects for home sales continue to be boosted. >>> changes b

he wanted to tell people that it was a luxury to be able to go to mass maritime. he said that mass maritime kids did not contribute to our economy. how wrong was he? after only a year in office, we had the largest cut to education in the country. we put teachers, librarians, policeman out of jobs, and that was another broken promise. he didn't create jobs, he gave them away to the other parts of the world. he put a call center in india. so when you lay off teachers, when you lay off the people who care about the young people of our country, is that a job creator? he vetoed the bill that would make the department of early education and care because he doesn't care about what it takes to build a future for our children. we need to do better. we need to help students get ready to take part in this economy. well, if you want mitt, then take him and bring him to the other parts of america because mitt didn't do anything he was promised here in massachusetts. public university costs skyrocketed under mitt romney. he wanted everybody to have to pay for a private high er