dollar you will be derided debunked and destroyed whether you happen to be a brick of gold or a reading agency not on the payroll of wall street uncle sam wants you. if you do want to tell the truth stacey. yes max keiser there are currency wars reaching around the world the dollar doesn't want to be caught in the cross-fire basically at this point the currency global grid system you want to be the last one standing. well that's right they're going down one by one the currencies are collapsing we see this obviously and this report we're going to discuss them but you know the cons use that we're talking about there going down in the order of their vulnerability when you got there. the hyper inflationary chicken as you see this chicken is looking like it was hyper inflated away you don't want this in your country if you see the hyperinflationary chicken run that's why chicken why are you playing with my chickens we should be playing with my chickens most of my chickens well the chart of the day max gold versus the debt ceiling the chart is from ed yardeni and it shows quite a correlation for the

the former redevelopment agency, we reported last week this ordinance is a result of recent amendments to state law; the director provided with an update before the first reading of the board. this week the board took final action on it, the mayor signed it into law. you will get an in-depth presentation from tiffany -- executive director of the successor agency, and she is here today and jason elliott, the director of legislation for the mayor's office in a few moments after this report is over. also before the full board on tuesday was an update to the tidf, transportation impact demand fee. included all of the recommendations; the board continued discussion of the item until october 16. update of the general plan was heard; the board approved on first reading. lastly the last ordinance was ordinance sponsored by the mayor and supervisor -- buildings with five or more units to those of 10 or more; this ordinance is a companion legislation to the housing trust fund which would only become effective if the voters approved this housing trust fund charter amendment is in november election. this ordinance has been amended since you heard it; the city will be able

about issues everyday to broker-dealers and at interact with customers, reading agencies and transfer agents. an extraordinarily broad scope of responsibilities and now heads funds. we need sufficient funding to keep up and keep even so we can evolved as quickly as the industry can to those that are systemic and impact individual and investors. we will continue to fight like crazy for additional funding. we got very close to self lending. they don't go to congress and we live with it. we are not funded by the taxpayer is matched funding that means cutting the ftc budget does not mean the money can go anywhere else. if you cut our budget you cut expenses all street. we think it is a great step to self funding but the real answers to establish what it needs to fund itself to get the job of -- done. thank you very much. [applause] >> mary schapiro thank-you very much with your ongoing work of dodd/frank. we appreciate your long service to law school as well as public-service. a small token of our appreciation we hope that you will come back. [applause] >> we will reconvene l

let me respond to that question and that is, sunshine ordinance, if you have ever read it specifically bars every agency in san francisco from exerting the official information privilege under that balancing test. >> didn't you just tell

let me respond to that question and that is, sunshine ordinance, if you have ever read it specifically bars every agency in san francisco from exerting the official information privilege under that balancing test. >> didn't you just tell me that state law trumps the city charter and all city ordinances? >> i mean, what you just were arguing one minute ago. and ber raiding my legal knowledge on the basis of that is how you accurately interpret the law. but you can proceed on whatever additional subtanive additional arguments that you have. >> the sunshine ordinance is quite clear. you cannot use that balancing test, any balancing test with 1040 or 6254.7 and,.13. you can't use balancing tests, not in san francisco. >> i believe somewhere along the lines, the ethics commission in their response which the sunshine ordinance task force rejected, indicated that the ethics commission, the ethics commission staff indicated and i believe so did the city controller, that they were withholding based on 6254 f. that did not apply either ethics, our ethics commission, or to the city controller's office. 6254 f, say

i would like to thank chairman farrell and supervisor chiu and agencies for taking time to read and respond to our findings and recommendations. i want to thank you also the presiding judge of the superior court and martin choy the acting foreperson and the grand juries that have worked so hard over the one year term. members were selected to be motivated competent and diverse but we all had one thing in common. we love san francisco and we want it to be the best city it can be. when the jury discussed and voted on this muni investigation we deliberately chose to focus on the practice of switchbacks rather than try to investigate the whole transportation system which i think will make you happy today. we in factually suspected and later convinced that the way muni was using and justifying switchbacks as a tool to regulate service -- that's in quotes, was a blatant breach of the public's trust. the schedules are a promise made by muni to the riders and switchbacks break that promise. we disagree emphatically with the words of muni executive director and passengers have no right to expect tha

reading. so, the navy has made an agreement with the state regulatory agencies that even though it's barely above background but they will take it away and clean it up. and again, that gives us confidence so that in the future when we want to build whatever we want to build and we want to move the soil all over the place and dig it up and move it around and build a whole new development, we will never have to worry. all the soil will be safe. there won't be any concerns about any levels. >> so, if i can just paraphrase what i think i'm hearing from you, so, you're saying what we have currently seen from the var by the state and through dph's assessment of the surveying, all current resident islands are safe doing what they do today on the island. but the reason why the navy may have to do further work or further clean up if they find additional, i guess -- if they find anything above background level is because the new development -- the land may not be safe for new development. >> right. the current configuration is residents are allowed to go to their houses, go to their jobs, do their work, wh

reading wiener to continue to work with some interested constituents. he announced he is cautiously optimistic that they will be able to make amendments by november 20th. as the director mentioned the successor agency ordinance was heard. it was amended and approved on first reading. this is a very fast-moving ordinance, which was introduced the previous week after consultation of the president and vice president. we did put together a pretty lengthy memo you will be getting today. i guess we will be talking about it in the future in more detail. it will be up for the second read on tuesday before your hearing on thursday. oh yes, new introductions. supervisor mar requested a hearing on potential traffic and parking and circulation impacts for the new target center at masonic and geary. supervisor mar introduced potential administrative code entitled healthy retailer foods program. this legislation would create a new program to oversee and coordinate city's incentive and assistance programs for healthy food retailers. the lead agency would be economic and workforce development department. among other things this ordinance states that office should coordinate with many agencies, including department

met all of the requirements set forth by the city, and so the resolution reads that be it resolve that the san francisco local agency commission hereby congratulates mike campbell and his years of service to the people of san francisco and exprelseses its deepest gratitude for dedication and knowledgeable and forward thinking way to create a program that moves the city and county san francisco environmental goals forward. mr. campbell it is our honor to again acknowledge your work and we thank you and we know that there is hope for the california public utilities commission because you will be starting there very shortly and that is a very good thing for them, and our hope is that you will do for the people of the entire state of california what you have helped to do here in san francisco, so before i turn it over to you, or we take public comment, i want to let me colleagues give an opportunity to comment. commissioner schmeltzer. >> thank you. i would like to add to that excellently written and read resolution, which really covers so much of what mike campbell has done here over the years he's been here. i first w

decide what's best for the citizenry, and as we defend and prosecute that, agencies at the federal level comply with the plain reading of the statute. agencies are set up to do what? last i checked, administer laws passed by congress. i think there's an open question whether they are doing that consistently across the board whether it's an energy space, environmental space, ect.. it's our job as attorneys general to participate in that transaction is preserved. that's why we filed a lawsuit. we'll see where it heads. it's less about the tax breaks for those corporations. it's more about what responsibility and opportunity has been vested in the state by the affordable care act in preserving that as a stake holder. >> i'm lee parsely with outside lawyer protection for lawsuit reform. in texas, there's a number of statutes that allow attorney general to have multiple violations. for a company that has inadvertently vollied the statute multiple times, those penalties can be substantial. at least philosophically, we've become concerned with that. do y'all have similar statutes in your state? is that an issue that we ough

read the slide. essentially the project team is comprised of multiple city agencies, and multiple consultant design teamsthe planning department, department of public works, mta, transportation authority, along with the office of economic and workforce development, the consultant team is led by gayle architects with -- nelson eye gard and multiple specialists on the project. over all process and time line were in the early design phase, in the visioning planning and concept design. environmental review we expect to follow shortly, along with design of the goal of implementation of construction start of 2016. there are also multiple initiatives being identified through this process that we'll follow on. i'm noticing that this slide has a slight error in the environmental review timeframe it should be 2012-2014. so where we are today in phase one of the project, which is the concept planning phase, we've just completed our round two

reading agents be. we've also raised the cost of regulation to those agencies because there's more disclosure. you describe the greater transparency. how would some on the rating agencies be able to shelter those kinds of regulatory expenses and be able to create debate three rating agencies. his very problem there? >> it's a great question and one of the goals of the regulation has been to try to encourage more entrants into this space so that we don't have what is essentially three rating agencies doing north of 90% of the readings work. it is really important for regulators to reduce reliance on ratings, given that investors have excessively relied on them as we saw through the financial crisis, without doing any -- without doing their own due diligence to ensure that the ratings weren't problematic. and frankly, the model of rating is company issue came out of our issue securities that pay you the rating agency to give me a rating. you can all see what the conflict of interest there and it's a very strong conflict of interest. we've had new entrants into the leading agency face within the

this fall which should keep the agency running through fiscal 2017, but that does not solve all of their money issues, not by a long shot. afterrhurricanes katrina and readt, the fund was $18 billion in the hole and still has that debt. then there is the issue of management. the government accountability office wrote a stinging criticism of the agency just last year describing? as actuarially unsound. it's systems are antiquated, running on pen and paper and imagine that, rather than computers. the department's at local state and national levels as a result have a difficult time communicating with fema. according to that report because of many of the process is the manual, the culture have become dependent on individual people. staff relying on personal relationships to accomplish tasks. including -- concluded from the gao, a total revamp. maybe that is why the improperly paid nearly $100 million to hurricane victims after katrina and rita between 2005 and 2010. just earlier this month the agency waived its demands for repayment. altogether, 371 million was paid out in error. taken a reminder to everybody out there, that's our money fellow taxpayers. rem

host: what were some of the hurdles in reading the magazine an agency you created?ler: nothing other than my own need to be diligent and get set my goals and research and figure out how it is a need to go about creating my business. i researched what the likely sustainability of my business was like. i saw how it would be beneficial and how i would make it and not just sit back and expected to be beneficial but actually be proactive and do my research and reach out to organizations are free. a lot of your research you can find on line. there are so many programs were you don't have to physically go into a business to get training and things like that. there are so many things available on-line that i feel like people do not capitalize on and that's why they are always complaining about not having anything. host: we will leave it there. comment on the figure but, if you would, tell us a little bit about your job status if it has changed for this year if you gained or lost a job. pick the line that best represents a new regionally. facebook is available to you as well

agency. anyone can read them. they are online. if these are the facts, and they are, why should a red line be drawn? a red line should be drawn right here. before you run completes the second stage of nuclear enrichment necessary to make a bomb, before iran gets to a point where it is a few months or weeks away from amassing enough uranium to make a nuclear weapon. each day that point is getting closer. and that is why i speak with such urgency. that is why everyone should have a sense of the urgency. there are some who claim that even if you run completes the iranian process, even if it crosses that red line, our intelligence agencies will know where and when iran will light the fuse. no one appreciates our intelligence agencies more than the prime minister of israel. all of these leading intelligence agencies are superb, including ours. they have foiled many attacks and have saved many lives, but they are not foolproof. our intelligence agencies did not know that iran is building a huge uranium plant under a mountain for two yea

agency. >> thank you. ms. short. i appreciate it. next speaker. >> this is not here today so i'm going to read the speech. >> i am song won chen. [inaudible] is an organization established by the public housing developments in chinatown. we have 413 households living in the area. limited english-speaking families. the current location is very inconvenient for us. many of us do not know how to get there. on the other hand, we know how to get to city hall, we have more chance of options going to city hall. in addition, many of residents are seniors with physical disabilities. it's difficult for them to get around. having the meetings live on tv would give them the chance for an update. for working families, they can watch online. by having it broadcasted, it will bring back the relationship with the agency. we ask you move the commission meetings to city hall and broadcast for the public. >> thank you very much. next speaker. >> willie radcliffe, libertiville. and the daily news paper and i also just started a limited partnership for development. but the housing authority has -- needs light shined on it what's going on. they spen

agencies and they absorb a large amount of data every day. they are responsible for distilling that in too easily digestible packages. obama and his team are readingse opinions that come from their intelligence agencies. in the first days after the attack, the administration was faithfully recounting what they were hearing from their intelligence services. when the picture started to change, it took several days. intelligence agencies need time to transmit. the bush administration, the defense department tried to pluck raw data to support their case for war. without the filtering, you can get things wrong. i think you have to cut the intelligence services some slack. do not fault the process that got the information to the president. host: carl our last caller, welcome. good morning. caller: i was wondering. the american embassy is in tripoli and that was a compound in benghazi. is it possible the cia got it correct, because this uprising began 30 minutes after cairo. is a possible they got it right that it was just an uprising? guest: i think it is possible. we may never know for some time. this was set opportunistic attacked. the cell was happen

the more evidence reading the report there was an effort to beat the authorities. the duping agenciese was to this extent why was he not caught? >> i degree with everything. he will be a jeopardy answer but why has the not admitted? are there legal reasons? sandra: if he admits it what else is left? >> he pass to give some of it back. sandra: beyonce and j.c. lost the battle to trademark there baby's name. blue-eyed the wanted to start a line of baby products but a boston event planning company also has the name one the trademark. is that fair? >> what koppel has a baby and trademarks the name? please. enjoy the baby. >> they want the clothing. >> don't they have enough money? they are both major superstars. everything is a success. >> i'd like it. i think it is cool

read every single one of them. and if you get a 4.5 you said the agency want to come you could have gone the extra half and given me a five? but the more and more i thought about that, i've of this is a great american thing that it was hard to get a five. a lot of people would do a review and and say this is a good book but it has a lot of legal fans, i'm not sure it's everybody's cup of tea and a show sort of a -- a tolerance that americans have. in one of my reviews was along that line. it came from the town library and in auburn maine. when they get a new book into the library she reads it and then she sent a little note around to everybody because the winters in maine are long. there's nothing like sitting in front of the fire as the snow comes down in june reading a good book. and this is what she wrote. she said, this is the definitive book of a great attorney, filled with courtroom drama and celebrity gossip, if you like that kind of thing. [laughter] so i hope you like this kind of thing. 100 years ago last fall clarence darrow, the famous defense attorney, stood on a downtown los angeles sidewalk and he wa

one reading could be that the ministry of the interior, which is the agency and the institution in charge of intelligence, as well as the control of populations coming in and out, is actually losing ground. they will no longer have this power to be able to give exit visas to at least a broad section of the cuban population. they have historically been at odd s with the military. the military being the ministry of the interior being more in the fiddle camp. we see this over and over again. there's also, i think, the coincidence of interest between ideologues and practicing ma tiffs. the ideologues have always said let them go. make it easy for them to go because it purifies the nation. the pragmatists see this as a move toward putting... aligning cuba into what really the majority of the world, almost every country does not control people from leaving their country. so the pragmatists see this. i think interestingly as well one of the things that has happened in the last year, i mean, i think the government has changed laws to keep up with what was already going on on the ground. one of th

and the supervisor worked with those agencies and in the end they got mod modifications and supported it at hearing and the full board approved it at first reading with those modifications. the board also heard an ordinance that would strengthen existing laws to restrict the conversion of apartment units and also -- to restrict the conversion of housing units to tourist or short term use, practice known as hotellization and this ordinance sponsored by president chiu and they approved this on final reading and lastly was supervisor wiener's ordinance and 5 feet height bonus for active uses in the castro and on the 24th street and there were a few new introductions this week i would like to share with you. two of them -- i guess only two items. there are two hearing requests. the first is a request from supervisors kim and board president chiu. this is a hearing to consider the initial design of the golden gate warriors development at piers 30 and 32 and c lot and update on the waterfront transportation network assessment, so that hearing as well as another from supervisor ma. he would like a hearing to support the preservation of independent thea

agency. and, of course, i didn't read every single word of it. i have been studying it.of the amount of sophistication and amount of technology that went into what lance armstrong was doing during the tour de france. and there's 26 testimonies, 11 of which from his former teammate teammates. they talk about hotel rooms being transformed into blood transfusion centers, armstrong freezing his own blood to use it again later, talk about his ex-wife being involved in handing out pills to his teammates. it's unbelievable. i always respected lance armstrong a lot, had an opportunity to interview him a few years ago. it was one of the highlights of my career as far as interviews go. and then you see something like this happen and it' really a case where you can use that phrase going from hero to zero so quickly. i think everybody is shocked and this report has shed some light on what was going on behind the scenes. >> absolutely devastating. thank you for the update on this story. >> yeah. >> we appreciate it. >>> we have to take a short break. still ahead on "starting point" y