we had a few ownership units, a few rental units and that's it. this year it looks like we'll have 12 buildings close, maybe 60 -- maybe more, about 40 ownership units and a lot of rental units. we have about 60. rental program is starting to outpace our ownership program which is in sync with what's happening in san francisco. many developer are choosing to receiptction -- rent for a period of time. that's addressed in the manual as well. what do we do for buyers, owners and developers who are building ownership units? first, we updated and clarified -- i'm just following along the memo that was provided with your packet. and if you need a copy, i have extras here. first we updated and clarified a lot of the -- many of our financing rules, including require choirtion a loan for your approval before someone applies for a unit. that's supposed to help make sure that qualified buyers are buying but also developers can be reassured their units will sell in a timely manner. we clarified our down payment requirement, default and foreclosure rules which

ownership program. which has about 320 units, is the rental programs. ownership program has more units tend to be mostly white and asian and we're concerned about that. and that's one of the reasons why we have tried to beef up our program in terms of requiring for some home buyer education, creating -- now we'd like to have the conditional use authorization and the pricing and we'd like to bring in down payment assistance. we have money from the state that will soon be gone. we always try to layer. we work closely with our lenders. we only work with approved lenders that come to our office for training. we give them a list of every single financial layering they should look into from their buyer, everything from the state, everything from the city, everything. if you're a teacher you should get this, if you're a police officer you should get this. we're doing the best we can to reach out. there is more we can do more than we're doing because it is not as diverse. the income levels tend to be not at the top. they're 10% below whatever the maximum is for

units. it's a much smaller program. it's no excuse, we had limited staff. the ownership, you can imagine in 2006 and '7 and '8, took us by storm. we had so many units. we had 350 i think units close in one year in 2007, i believe it was. so, this is a response to that. the rental program is obviously getting bigger and requires more attention. this is the attention we're giving it. >> and then you mentioned various financing assistance [speaker not understood]. how many units that are purchased also get some type of other assistance from the city? >> i think half. >> thank you. >> commissioner wu. >> thank you. it's great to see the program in such good hands. thank you for answering all these questions today. i just want to ask specifically about the rental to owner situation and just get a sense of how often has it happened? i know there weren't that many rental units before. maybe you're anticipating for the future. >> okay. it actually happened once, five years ago. and it was really explicit in that approval that they would sell at 100% of ami. that was absolutely t

he finds european criticism of gun ownership in the united states a bit of it. >> america still has firearms because we have not given up our rights, but some of the biggest competition is in the world are held in england and germany around shotguns and other events. >> all the same, there have been quite a few mass shootings in the u.s. and in the state of colorado. we are headed to the site of one in the city of aurora. a plaque recalls what happened here on july 20. james holmes a storm to the cinema -- stormed the cinema. he shot 12 people dead. we are not allowed to film close up. nearby, nancy is holding an election party. she is quite possibly the most enthusiastic obama supporter in her neighborhood. today, staff from obama's local campaign team are here training volunteers. polls indicate that american women are more likely to favor gun control than men are. she has a lot to say about the national rifle association or the nra, probably the most powerful lobby group in the country. >> mine is we need to get guns out of the hands of crazy people, and the nra is against that because ev

if san francisco was able to reduce car ownership in the city by 15,000 units, it would keep an estimated $127 million in the local economy annually. only 20% of the money people pay towards their cars -- it is the second highest household expense. it is over $8,000 for the average car owner. only 20% stays in the local economy. i did a calculation. if san francisco reduced car ownership by 50% to 200,000, we would keep an estimated $2.5 billion in the local economy annually and reduce carbon emissions by 1 million carbon metric tons. in this room, we have get around and relay rides. we could have the most powerful economic development program right here. what if the entire economy of san francisco was built around access like car sharing? that is what is happening. that is what these entrepreneurs are doing. the sharing economy is not just about new ways to consume. it is also about new ways to produce. it can be a platform for micro- entrepreneurship, creating jobs locally and organically, new technology, shared access models, and online marketplaces have dramatically lower the barriers

the city has helped it produce upwards of 20,000 permanently affordable housing units, boat both rental and home ownership. the state of california recently dissolved our redevelopment agencies across the state for various reasons, but one of the unintended consequences was that it eliminated one of the great funding sources for our affordable housing work locally. prop c restores that source essentially to the same level and continue to provide that long-standing commitment. >> thank you. starchild, can you offer some comments for the opposition? >> sure, and thank you again for having us. proposition c would actually subsidize housing for people earning more than the median income in san francisco among others and would reduce the amount of units in new development which go to so-called affordable housing, which isn't really even all that affordable. san francisco desperately needs more afrldable housing but this mer err, which essentially brings the san francisco redevelopment agency back from the dead, is not the way to do it. the redevelopment agency has a long history some would say of racism and ce

tribune filed for bankruptcy protection in 2008 and plans to transfer ownership to its main creditors. >>> sending a package with unitedcel service will become more expensive come the new year. ups is increasing the rate for items sent by air by 4 1/2%. items sent overseas from the u.s. will rise the same amount and ground rates will rise by nearly 5%. that's the latest from fox business network, giving you the power to prosper and my daughter loves the santa. oh, ah sir. that is a customer. let's not tell mom. [ male announcer ] break from the holiday stress. fedex office. at e-trade, our free online tools and retirement specialists can help you build a personalized plan d execute it with a wide range of low cost investments. get a great plan and low cost invtments at e-trade. liz: successful ceo is simply someone that gives them great advice to build what is already there. we have the mentor that helps top ceos do that. he made 50 people multimillionaires. he has exclusive list of clients he mentors but takes only 10 every three years but you're getting his advice right here right now. david: this is lot of free advi

geopolitical point of view owner ownership of gold is one of the pillars underneath the country's sovereignty where does the us store its gold its stores its gold united states why should germany's store it's cold outside of germany it should store within germany in my view gold is. first in a variety of different central bank vaults around the world by many countries because of the remnants of the old gold standard where gold was moved from one part of the ball to another part of the fall to settle international transactions but we stopped that system forty years ago you know gold is now used as a reserve in case you need it for a rainy day or to rebuild the currency and with all of the problems in europe today with the euro and the fact that the european central bank is not following goodness bank monetary discipline i think it would probably make sense for germany to return its gold in and keep it in frankfurt under the in the vaults underneath the fund this thing just in case that's very interesting is there an accurate or public accounting of gold for central banks like the bundesbank to really know if it's all accounted for no no no not really b

foreign exchange rules when it invested $100 million in a domestic unit owned by a wholesale joint venture partner. at the time direct ownershipprohibited. walmart denied wrongdoing, the news a day after walmart announced internal inquiries into bribery allegations in brazil, china and india, so that's three new ones in addition to the original probe which we talked a lot about on this broadcast, mexico. >>> finally, some sad news for everybody here on the set and i have one in my hand, twinkies maker hostess brands saying a worker strike has triplcrippled operations and now moved to shut down the company. operations have been suspended at all plants and it will lay off its 18,500 workers and focus on selling its assets. the company says it does not have the financial resources to survive a national strike. what do we have on the set. >> twinkie, yodels. >> golden cupcakes. >> what happened to too tasty to fail? >> that book is coming out in six months. we're working on it as we speak. someone is going to buy this company. >> they're not going to way. >> you think 18,500 workers and whoever buys the assets is buying the factor

units means renters. it doesn't mean buyers. >> exactly right. that means we are still along the path to being a rancher nation. home ownership for a lot of people and even people like i said that coming off of the short sale way back when and are able to buy again are dipping toes in the water. they are not diving in head first because renting has been easy. we have to make homeownership exciting and good again for people that can buy. interest rates are low. tracy: we heard ben bernanke give a speech saying they're going to be low for a long time. do we need to see rates go up to get people off of their buds and shopping? >> i disagree with that. we need to leave rates alone. for people who are just about to get ready to look at the housing market, looking possibly to purchase again for your personal family home. investors need to dive in but personal family home buyers, we need to give them the incentive of lower rates. i'm not a believer in motivating anyone by fear and moving the interest rates, they're going to go up. that is inevitable. leave them here for a while and let people take advantage of the market and let peo

there was no record to site in terms of ownership with enough states, beyond trendlines run successful visit to the unitedn which he performed well. showed some personality beyond what were necessary custom casing in general secretaries. but was generally on script. that was not his script. so we don't know. it's interesting to analyze the other foreign policy figures i mentioned, and the other members of the politburo standing committee. this will be trendlines chief policy. as i see the. i remember i went to beijing in 1997 with madeleine albright. we happened to land at i think one or two days after deng xiaoping died, and john was getting a funeral oration the next day. we met with him at 9 p.m. he said to secretary albright that, some years ago when he is in the general secretary ship, that deng had told them you responsible for u.s.-china relations. a quote. he made a big deal out of that. basically it was a passing, passing the baton. if i look at the last few years, this has been hu jintao's relationship. he's been helped. i assume he has been hemmed in some degree by the rest of the standing comm

united states is a global power. particularly when you look at alliances and partnerships. our intention in objective is to continue to strengthen the annoyances and ownershipsnd if i can get into the topic of china, to build on the areas of cooperation that we have across the board, including this area, because we know there will be competition to the military domains work and shape that company in a way that avoids conflict and the possibility of misperception and misunderstanding and is actually based on that. >> you just came back from spending a couple of years in china. he said that they were fun but personally kind of tough. japan and china are having a square off. hillary clinton just received a report that involves richard armitage, joe knives, and another one that i can't think of yet. those who said this could slip into a war and a big conflict. we need to be prepared. the united states is obligated, but to consult with japan. so you have had a tough time. so i would like to get your sense of what you think the game plan is old regionally and internationally. japan has been there right next to china for a long time and you have been helping each o