i want to thank the supporters of the legislation which including the south of market association, the arab market association and the small business commission for the unanimous support of the legislation and i would like to have planning come up speak on the item. >> thank you supervisor. i wanted to thank you for working with us on this legislation. also just to say that we are dealing with a number of different proposals right now. we are looking city wide auto at the issue of formula retail and the impacts of formula retail uses and i do hope that we can continue to work with and you the other supervisors on this because we do think it's time and the planning commission has asked us to take a bigger picture look what is going on with formula retail so we hope to do that and are having the initial meeting next week and hope to come back with recommendations in the fall. we are support i of the legislation with the amendments that you propose today and sophie will produce the details. >> thank you director ram. >> good afternoon supervisors. sophie hayward planning staff. i don't ha

but is it is being exacerbated so talk a little bit about and i understand the london berlin market association is now in a situation where they can't deliver the gold that people want they there's panic buying over there at the london blowing market association in fact there's a run like a bank run there's a run over there going on the reuters just reported it i mean this is where you've been warning about talk about well you've you had become negative over the past few weeks so that is like the over the counter measure of the gold basis so that wasn't unexpected so you've had go for becoming negative and that's exactly signifying what you're suggesting. go release rates which is the flip side for good for going negative going up you know it's always explained as sort of you know miners want to start hedging when the gold price falls you know so they wish to borrow gold they bid up the lease rate and that moves it into backwardation you know frankly i think that's that's nonsense i've met about fifteen miners over the past two months and none of them have said that hedging their production so

because there's no confidence that these markets like the comix eleven billion mark association are going to survive another thirty days intact as we know them you know and what i what i'd be worried about is me getting my m i believe i believe we talking a default here essential what was that that's right we're talking about the long rumored anticipated talked about default on the call max or london berlin markets association but based on market in the action the run on the bank it's either ad and right now or some another extraordinary event is about to take place well it's own now and i think you know his his the his the interesting part on the first we saw the a.b.m. default it became public because a client of mine and i think other clients suddenly came on to the phone to the marketplace and said we're going to the press and said whoa hold a minute i can get my billion back you've got faith in a system that's been help people have said look you know go to the un two billion mark association i've got two kinds of ways of storing my gold and they steal you into not only case of contra

i want to thank the supporters of this legislation the market association and the arab successor and the chamber of commerce and also, we want to thank the small business owner commission for their unanimous support. thank you. the last item was unanimous were item 48 >> item 48 is ordinance is a lounge located at gary boulevard with the convenience of the city and a same house, same call. >> item 49 a resolution with the transfer of an off sale of the general license to best doing business as city target will serve the community and a colleagues can we take this same house, same call. this resolution is adopted >> item 50 is a motion at an election to be held on ordinance amendment the any of us code allowing the employees to ask for flexible working hours. >> colleagues i appreciate our consideration of our family friendly ordinance. all of us probably a number of times every year are asked what we're doing for families and while the city has helped to build affordable housing we know there's more we can do. this is a proposal that can be more of a solution. in years i've heard fro

i am representing the market association and the friends of yerba buena and i will pick up where i left off and the economists they hired from ucla business school and eps on and kma [inaudible] associates, the two economists that have opined that that alternative is not feasible and want to give you copies of the rebuttal letter to the two reports i received last monday during the hearing and the rebuttal to the original report and the kma rebuttal to mr. susesman's report and there is a lot in there but i want to focus on what was said last week by mr. kel and he he -- kelly and at the tower -- well, it turns out that eps's own report uses four comparables, not one and if you look at table four of the report it finds that the average price for those four comparables for condominiums in the time period they were sold is over $3 million. now the other problem with the statement -- i see i have 25 seconds left -- is that at at millennium tower none of the projects that he is referring to that are below 27 floors are below 2,000 square feet. they're all below that. if you look at the repo

putting up with us as we have been working through her neighborhood, carlin diamond from the market street association. cathy, and andrew from the (inaudible) cvd and jim lazares that i was just talking to and he is already working on the next phase and we have the china town and many of our china ton including in the front row miss rows pack and mr. gordon chin. and we have a number of members of our community advisory group for the central subway. people who have volunteered their time as everyone else just mentioned has year after year to suffer this project through to make sure that we are doing it well and doing it right. and finally, there is a lot of leadership and support from the communities, from the federal partners and from the government and from city hall that makes all of this happen, but at the end of the day, everybody has to drive this project forward and so i want to acknowledge the subway director, john sungi, since 2006 john has been working day and night living and breathing this project to make sure that it happens, i think that he has a central subway tattoo on his arm. i think

gilligan is president of the petroleum marketers association. mr. plaushin, director of federal relations for aaa. mr. energy administration at department of energy and mr. kahn is director of integrated oil and gas research at citigroup. i want to again thank my colleagues and recognize senator murkowski. >> that, mr. chairman. i was home in the state over the 4th of july recess and had the opportunity to spend a little bit of time on the rim river. i was looking out, talking to individuals at their fish camps what is happening with fishing, the price of fuel and what that means to them in their villages and it was just after the spring barge had come and delivered fuel. if you live on there you get two fuel delivery as year. you get one in the spring, which is june and you get one in september, provided that you can get up river. sometimes you can only get one barge in. basically your price for fuel is set when those purchases are made and everyone in the village, it is not like there is any competition out there. it is what it is and when you're

markets. people associate us with the same kind of volatility you've seen in commodities themselves. >> you mentionedyclical. there are many people who say that great cyclical move we had is totally over, and we could be in a secular decline for the mining of commodities. he would say that's too simple. but that's kind of what the implication is. >> well, i couldn't disagree more. we all had expectations that growth at this point would be higher than it is today. growth in the u.s., growth in china, both are disappointing based upon what we looked at three or four years ago. our customers had the same expectation. they built capacity to support growth. the growth isn't there. there's some downward pressure on commodities today. but if you look at the intensity of commodities per capita, and you look at where china is, you look at where india is, the other areas in developing asia, they're still very, very low on that commodity intensity curve and they're going to continue to move up that curve until they get to a level that may not be like the u.s., but certainly can look like north korea. if it look

you look great, currently the ceo of the securities industry and financial market association, simplya. its not fatal. so, listen, about your talking point here, they will pick a woman because this administration is more into political correctness than monetary policy. >> he's not running again. >> it doesn't matter. he's friends with summers. >> he's not friends with yellen. he's got gone sperling is friends with summers. summers has been very loyal. the president, susan rice, i mean, who would have imagined that after that happened with, you know, not to be the head of the u.n., he makes her even more important because he doesn't care what people think. he might pick summers. >> he might pick summers. both are so totally qualified, why wouldn't he go with somebody that breaks the glass ceiling in one of the most significant jobs in the world? >> because he may have promised larry summers something. he's got tim geithner. he would be good, too. >> geithner is in the talent pool. >> what is it with yellen other than her being a him who, what is his attachment other than her being a wo

failure and the entrenchment of political economies those people will benefit from the black markets associatedith insurgencies, and ultimately make it less likely that you will have a democratic or stable regime when the war finally ends. most wars do eventually end. could be, again, that syria is different and it would be different this time. i feel more comfortable -- if it has not happened -- if anybody can point to a single case in the history of the world were such a strategy has worked. and that can happen. it is extremely frustrating to me we have not been able to find one. and q&a we can talk about some of the examples that are probably immediately popping to mine. the french support of the american revolution will not cut it. if you had to go back that far and take such a radically different case, i am not convinced. so, the logic of arming rebels then, given everything i just said, essentially boils down -- the logic of this has been fully -- this has been fully adjudicated in the op-ed pages. you know the basic logic of why people move toward trying to arm the rebels. basically the

i served as president of the petroleum marketers association of america. petroleumnt 8000 marketing companies nationwide. the majority of which are small businesses as defined by sba. his companies have one thing in common, they all bring to market liquid fuels, such as gasoline, diesel, heating oil, biodiesel, and kerosene. our companies are engaged in that transport stores on both the wholesale and retail level. not only are these companies primary suppliers of fuel, they also own and operate over 30,000 retail facilities. iny are also specialist serving farmers, machinists, and airports with what they need. the companies do not benefit from high gasoline or he so operate inause they such a transparently competitive environment, prices must be absorbed by retailers. competitivecape retailers offer the lowest price for gasoline. prices are unusually high, customers often reduce their store purchases and some retailers struggled with credit line limits. both companies are rack buyers. in the industry, wholesale autos is loaded on terminal backs, approximate

market benefits district. i'm also vice president of the honor walk, past president of eureka valley neighborhood association and vice president of the san francisco commission on aging and adult services. for the reasons you just heard, the cbd strongly supports this ordinance and in addition to all the services that will be provided in this location, the proposal will take care to preserve a popular existing and thriving business in that building which is blush. so, we urge you to put this and approve it. thank you. >> thank you. >>> chair fong and members of the planning commission, i'm michael berdone. and this is probably why the book went from there to so many ordinances now. i speak in strong opposition to amending section 121.2 and providing a use size exception for neighborhood serving nonprofit institutions in the castro ncd. this action is spot zoning for the sole purpose of doing a single entity greater rights than others in the neighborhood which is already a massive building where victorians once stood. the classic ncd prohibits any residential use over 4,000 square feet and above to maintain the c

market. cheryl: always great to have you. three months in a row. national association of home builders ceo.summer time showdown. are pickers have picked stocks. taken a look. the elimination can begin. this is the fun part. we have been tracking of the place for months. back with us this friday this u.s. performed the best, you will want to tune in right here on fox business friday at noon eastern this you comes out on top. the first week of the showdown. results. stay with us. dennis: getting his day in court, the latest on the fraud trial of former goldman sacks trader accused of causes the -- costing investors over a billion dollars. cheryl: the grand slam for ticket sellers. details and the hefty price is for tonight's all-star game. the first, take a look at the ten and 30-year as we go to break. who will bear at back. [ shapiro ] at legalzoom, you can take care of virtually all your imptant lal matters in just minutes. protect youramily... and launch your dreams. at legalzoom.com we put the law on your side. ♪ >> reporter: i'm tracy byrnes with your fox business brief. consumer staple

i'm a student at sjsu and also the vp of marketing for the student association and teaching assistant>> hi, i'm renee swenson and i'm a professor of english at saddleback college. >> i'm calvin carr, i'm a graduate student here at the school of journalism and mass communications at san jose state university. and i'm a producer of today's show. >> thank you all for being here today. the public hears all the national and public announcements delivering products online and yet this issue of cheating is starting to be a concern. what are we doing in technology to resolve that issue? >> well, what we're doing at proctor u., we proctor online examinations and really what we've done is bought the proctoring center to the students a home. when i was running the university, i can do all the course work at home at my kitchen table but with a test i have to go somewhere and this is a hassle and i'm already stressed. we brought technology to the home with with web cam and authentication technology we can see the student and we know who they are and those were the same think lines you do in the --

genus's characterization of the vacantcies, 2223 market, he flashed too fast, it is already rented out, and the associates rented it out to peske and they are opening up another restaurant on market street and our neighborhood is happening and under construction, trigger bar is going to become bow and the owner of the edge bar have rented that out and you can see the construction is happening there. there is 7 vacantcies from what i can tell and how many? what is the percent and let's put that in context. i think that mr. serina was dis enginueos, i was sitting at the restaurant and after the dot com bust that was not a business model that was going to work and then home took over and they were there until 2011 and after the second dot com bust and the rate recession they went out of business which is kind of obvious, it was hard and a lot of restaurants went out of business and so those two restaurants were there 13 years total. it was not like they were open and closed in six months. >> if you look at the letters of opposition, all of the neighborhood businesses would house the fish, and inspiration, al

i think it's really important to have people like suedian associates and the food market and support from the health department and being a food worker in bay view is important because they see us as leaders and we are leaders. they see the community store as a place to go that they trust and we see that too. it's not so much trying to put stores in and fresh and easy and wal-mart. it's important to take what is in bay view and transform the spaces so there is produce in the spaces, produce in the spaces that people in the community trust. they have been going there for years and through that connection with store owners we have been a lotted to have that trust with the community. thank you. >> thank you. and i think one of the great example citizen bay view folks have been. >> >> helping the tenderloin with popular education techniques and we have leaders from the tenderloin that will speak later but the two coordinators and eric and jessica estrada from the youth development center. >> good afternoon supervisors. i

association. and the castro market community benefits the application, to open a restaurant at 2100 market street. so do the merchants of upper market and castro. let's learn from the past. the last two occupants of 2100 market street were independent restaurants, both failed, one was the moderately priced home and the other was the high priced john frank. >> that is why no independent restaurant has made a viable offer to rent this property. chipotle has made such an offer. it is a building that once housed formula retail and it was a bust in the market years ago. i have lived in the neighborhood for 35 years andvy seen how the things have changed. >> this situation is different from starbucks, and because starbucks was going to remove an existing business, this location has been empty for two years. and the alternative to this is an empty building in an area that currently is a magnet for inappropriate budget behavior. sleeping on the streets, and public defication and urination and substance abuse and general litter. let's not let the ideal get in the way of the good. it will bring a healthy fo

neighborhood including from the castro upper market community benefit and marketing castro and castro eureka valley neighborhood association. as we all know the hiv epidemic continues and is acute in san francisco and in the castro. in light of the continuing cuts to hiv funding, we continue to back those as part of our project this year, this project is a very exciting and welcome opportunity for the neighborhood. should the legislation be approved, the project will be considered by the project commission as conditional use. >> will you be planning for the department? >> yes, for a moment i would like to say the planning commission did recommend supposed. last thursday, unanimously, is so we hope this will pass. >> thank you very much. if there is no other comment, we'll open up to public comment. courtney pearson? >> good afternoon, thank you my name is courtney appears son from the hiv foundation. we have continued to see a demand for these services growing that we are not able to currently meet the existing demands because of our space limitation and current locations. for example last year a magnet performed more than