we now try to increase aggregate demand.f 1964, giving more income to consumers, would be a perfect example. gnp now goes up, meaning more production and jobs for everybody, but the price level remains the same. we have growth without inflation. look here. we faced this in the late 1960s. demand was already high. the great society programs had been launched. the vietnam war suddenly gives demand a big shot in the arm. our aggregate demand curve shifts up here. look at the difference. the increasing demand's effect goes into higher prices. we're already producing at the economy's capacity. supply does not increase. we have entered the world of demand-pull inflation. keynesians felt that the economic cure was simple. lower demand by raising taxes. if a tax cut can raise demand, a tax increase can reduce demand. we can never know how this remedy would have worked. it wasn't tried. what is certain is that inflation was to become, in the years following, a more complex and painful phenomenon. inflation, a source of anguish and de

again, it's all aggregated. people can do with it what they will and that - that's what it will do so it's not any kind of magic information. it will be in the aggregate not transcribed to my individual. are they hiring san franciscans. we can't mandate it it will allow us to know is this particular operator having an average tenure of 10 months as opposed to the other 6 years. that will be useful information for us to know about those operators >> commissioner white. >> so this is only related to private parking garages. >> right. >> are the public parking garages doing this. >> the mta has contracted with anyone who operates animate mat garage. i don't know that they have - titus it's a case by case business we've been in touch with the mta they don't need legislation to do this. the mta has informed us their fine with those requirements so withhold for them to do it for their operates. the other thing inform keep in mind you have a public agency and employees who's job is to monitor those contracts and operat

level two, these are the aggregate charges. if you have to stop, i can. and then level three, these are the last of those charges. level 2, this is the aggregate number of charges associated by the ncic level showing how many each of the different types of charges per month. obviously the 1s and 2s are higher than the 3s. the resolution 3a, there is different parts of resolution 3. it's sorted by race, by sex, and by adults versus juveniles. we have also requested from the sheriff's department to make an attempt at pulling all the information as requested in resolutions no. 4, 5, 7 and 9. in the past this information was extremely time consuming to complete and as of today, the sheriff's office was able to provide us some information with regard to resolution 4. the number of detainers per month. this is considerably lower than it has been in the past. and then the same with the number of resolution no. 5 and deals with the individuals release to ice. those numbers, you can even see since july they have gone down. all this information comes from the sheri

the final score 3-1 on the night. 3-2 on aggregate.pplauding] >> eric is hong those be dropped by the coach. [speaking in french] >> he scores lots of goals. he helps to set up as well. he is evolving in a few positions upfront. he is also confident on both sides. as well as in the center. [speaking in french] >> more than just the efficiency though, he also has good technique. [speaking in french] >> everything that he does. >> he has been called up despite the games. [speaking in french] ites true these days he is not playing all that much even since the season started. every competition combined, he played around 20 matches. >> when he played, he still played well. [speaking in french] >> here is some injuries. left out, though. down for five matches. fined $100 thousand years for making a suggestion of the match in december. the frenchman makes salute after scoring united.gg99Ññwççñmwc >> hello, and welcome to "the health show." >> it's a new year, and a good time to start eating more healthfully. >> but for those that find that

and asking whether this was in balance with aggregate supply. answers pointed to a path out of the depression. essentially what keynes is saying is that the way to get rid of a depression is to create a demand. and that's the heart of his theory, and the difficulty is that the demand, for some reason, has shrunk more than the supply of goods. while keynes groped for an explanation that fit the depression, treasury secretary andrew mellon clung to the view that things would improve. he viewed the crash as a form of darwinian selection, designed to sweep away the unfit. people were less confident of the social benefits of the disaster. in playgrounds, children chanted, "mellon pulled the whistle, hoover rang the bell, "wall street gave the signal, and the country went to hell." in 1922, the country enjoyed a miraculous, almost overnight recovery from the recession. there were no miracles this time. in 1930, president hoover declared, "the corner has been turned." in 1931, he said it again. still the economy plunged downward. someone asked john may

this this chart that we just had up it kind of demonstrates the problems with aggregate demand oh no oh you know this is this is the basic story that you know we're stuck in a situation where we have been inadequate aggregate demand this is something economists basically dismissed as an issue for decades they just didn't think it could possibly be a problem and now we're having you know economists very pramod comes like larry summers talking about secular stagnation that's basically the story and until you know the story i was saying is ok with three ways out of this one you can have another bubble in the right mind would want secondly we could have large amounts of government spending government deficits which we have to some extent but not big enough the third way is to get the trade deficit down which strikes me is the the best. most rational path to go unfortunately there doesn't seem that much interest in that either in policy circles but that's the my view how we get you know aggregate demand back up and hopefully would see wage growth again dean talk to me about this how what

how we get you know aggregate demand back up and hopefully would see wage growth again again talk to me about this how what about trade how would that work start with trade when we have a deficit around five hundred billion that means that that's money being generated here it's spent overseas china mexico ever might be not creating demand here so it creates a big hole in the manner how do you feel that the best way to correct the trade deficit is get the dollar down because the dollar is what determines relative prices of the dollar falls by twenty percent other things equal all these foreign goods cost us twenty percent more that means we'll buy domestic goods rather than foreign goods people will hate hearing well we've done this before and there is no other way you adjust that so the people are paying more of course we're all going to you know we'd rather get cheaper imports but on the other hand i mean a lot of jobs for people and they won't get that they want to well actually there will be a lot of opponents to that thought but it stated it quite well why do you think people con

so to the extent we are given direction to do particular community choice aggregation, clean four sf work, we have the financial resources to perform that work. that's the point i was trying to make. >>supervisor john avalos: okay, the system of the rfp could do that work? >> where we are direct to do that work yes. >> by your staff, by your commission? >> yes. and through the joint meeting process, perhaps that's the venue to discuss these items and to come to some sort of agreement as to what the going forward efforts should be. thank you. >> thank you. i appreciate that. seems like a road we've been on before. experiencing a yogi bear moment. okay. we can go to our next item. >> item no. 5. executive officers report. i have no report. oh, i'm sorry, there is an announcement for our public seats are vacant. there will be applications available online, they are available right now on the lafco website for the sitting member and the alternate. we'll be posting a notice on our website. we have it up, right? the information is available. thank you. >>supervisor john avalos: thank you,

so absolutely that kind of decline structural change in employment led to a drop in aggregate demand and a downturn and that is because those workers couldn't instantly find new work. many of them had to physically geographically move and we all heard about the okies going to california and elsewhere and they had to obviously be rescaled for new kinds of activities and that could take years or even a decade or more. one of our concerns is that as people become rescaled and find new industries and people and entrepreneurs help discover those things and we can talk about that little bit later by then the technology will evolve against will evolve again so there's this constant catch-up required that could lead to some really ongoing problems with not just structural employment but aggregate demand. >> your question asked about the viewpoint of the tech errands these days. erik and i have talked to a lot of them and i can report they are aware of the situation and the fact that technology is racing ahead and leaving a lot of people behind. one of the most prominent technology executives

so, in this instance, because it is more -- the total aggregate of what they're looking for is more than 25,000, that's what triggers the conditional use requirement to basically allow for the office use within this zoning district which normally would not permit office use. >> right. >> so -- if it was under 25,000, a lot of the process would not be required. >> commissioners, just to clarify further, under 25,000 can be approved by the zoning administrator. over 25,000 has to be approved by the planning commission. >> okay. but the zoning code was written so that it happens to be in a nearby district that happens to not allow this and if it's near an sfo district but this is an sli district -- i just find this extremely confusing. i mean, i get it that it's a good thing -- [speaker not understood], it doesn't make a lot of sense as to how the process is working. >> in essence, the code section was used pretty commonly in the late '90s, early 2000s when a lot of the warehouse buildings in the south end were getting converted into office use. >> right. >> and because sli served as light

they are so-called developer inclusionary units to be aggregated on one site, block 49. since that time you have taken a number of steps to implement that. by approving the schematic design last summer and now before you are the legal documents, the transaction documents that would effectuate the development of block 49. so, with that, i'd like to ask anna, assistant project manager for hunters point shipyard to present this item. >> thank you, executive director. good afternoon, president johnson and commissioners. my name is [speaker not understood], i'm assistant project manager for the shipyard. today i requested the commission authorize the executive director to enter into a vertical lease disposition development agreement and [speaker not understood] pa tickv point fund, and conveyance agreement with lennar in furtherance of development of 59 units of very low-income rental housing serving families up to 50% area income, ami, plus one manager's unit. in my presentation i'll provide a description of block 49, block 49 project, [speaker not understood] the legal docu

they were after aggregate statistics. simon kuznets was called in to direct the government study.d been working on income estimates for the national bureau of economic research. the lack of information about the economy was, in kuznets' words, "a scandal." the data were "neither fish nor flesh nor even red herring." kuznets found he would be working with economist robert nathan, one of his former students. he had me measuring things for which we didn't have direct data. we never had a service census, a retail census, or a construction census. the result was, there were a lot of gaps. that made it tough. but conceptually, simon gave it a degree of depth and, measurementwise, a degree of reality that never had prevailed before. one of kuznets' basic concepts was to limit measurements to the marketplace. the amount people paid for goods and services measured consumption. the money spent on new production facilities and equipment gave a total for investments. the problem was to avoid double counting as payments flowed through the economic system. take an automobile. the iron mine oper

he thought it was time to put the damper on aggregate demand.disagreed, partly because our view was that the capacity of the economy to produce was greater than he thought. the great depression ended with the vast production of wartime economy. government spending, which frightened roosevelt when it topped $15 billion in 1936, soared above $100 billion during the war. massive government intervention finally brought full production and full employment. why couldn't the private sector have brought us out? what keynes said was, total private demand might not be sufficient to sustain full employment. suppose this is national income when everyone is fully employed. but suppose investment demand plus consumers' demand only equals this level. there isn't enough demand to sustain that level of income. keynes said full employment could be achieved if we added public demand-- government spending on goods and services-- to make up this difference. suppose we put a "g" for government. according to keynes, everything would be all right. why then didn't roose

community choice aggregation activity record. a status update on cleanpowersf program, status update on proceeding at the public utilities commission. we have miller to speak on these items. >> yes. barbara hale at the puc. speaking on item b and c first. as i believe you have been following, we've been having our public presentations about our budget and in private conversations as well with our general manager wefrment facing difficult times with the financial circumstances within power enterprise and with the power operations of hetch hetchy. we have some capital needs. we have higher than anticipated increases and cost for distribution services from pg & e and we are projected to be out of balance by fiscal year 16-17. in light of that, our direction from the general manager and commissioners are to really focus our efforts at the puc on solving that problem. so we are really refocusing in a way that helps us achieve our highest value revenue which points us more toward increasing the customers we serve on our publically owne

how are they transmitted from one part of the economy to the global economy, to the aggregate economy. a lot of the work in the area is very much applicable to whatever model you think of, whether it's an aggregate, a lot of the mechanisms, a lot of modern economics tells us important things. they are important areas, even if you think that the real shock driving it is not the right shock. i want to talk about one of the application and transmission mechanism. a new one talked about, and to do that, i just want to set the sage #* stage a tiny bit. you know, in conventional rvc models, there's one model is to the economy's output is y, equal to a technology factor a, times a function of capital and labor. why one sector? that doesn't seem realistic. the argument has been that we're interested in asmghting the economy, and this requires an aggregate shock, that is if you think about the sectors than the argument was that shocks to the sectors cancel out. you have one positive shock here, a negative shock here, and a blot of large numbers, overall the shocks are beginning to cancel out.

how does increasing educational level work or say to more jobs and job creation is driven by aggregate demand within the domestic economy? >> are questions. if we could get it right, would that be futile? absolutely not. the most common complaint we hear as i cannot find people with the skills i need. all of them down the ladder from a frontline employees up to the people at the very top of the company. i can't find skills they need, turning out people that are mismatched in the job market out there. right now we can make our magic wand to fix education, we do a huge amount to help the unemployment and wage crisis. the second part of your question is the concept of aggregate demand, is an apocryphal story, but a really good story about henry for the second and martin luther, the head of the out of work or is. ford is in a playful mood any jobs walter with this although it does how are you going to get those robots? about this in ibiza is a henry, how are you going to get them to buy cars? in other words, the large middle class we created in the postwar decade is economical engine of de

aggregate financing soaring to a record last month.lso rising to the highest in four years. the central bank called for lenders to control surging loans. take these new credit figures with a grain of salt as new lending is typically higher in january ahead of the new year holiday. gold still has some way to go. the longest rally we have seen since 2011. billionaire john paulson maintain his holdings last year. goldman sachs will probably say this rebound will falter. growth nearly grinding to a halt in japan. gdp coming in below forecast. economistlf the paste -- half the pace economists reckoned. they see more worries ahead. >> the risk is that the japanese -- there is a big transition coming up this april. the consumption tax rate is going to go up. that will really cool down domestic demand. -- this week export performance gives us a sense of risk that the japanese economy may stall after april. >> let's get the latest on the foreign exchange markets. our next guest says the asian performance will switch places. the head of global c

my legislation would require that operators also provide some basic aggregated data on their employees to be clear the legislation in terms of demo graphic information will not be identifiable to particular people and it will be arrogated and this includes the tenure of employment, dem graphics including gender and primary residence, specifically zip code and the purpose of this additional information is as follows. in terms of tenure, we have heard a concern that some private parking lot operators are excessively turning over employees with a goal of not allowing employees to gain tenure in their position, and guaranteeing short term employment that no one is ever able to increase on the pay scale. >> we of course of the city want to make sure that the people are able to build career and care for their families and remain in the city and have a livable wage and so the requirement for reporting tenure information will help us understand if there is a problem with parking lot operators churning through employees with a goal of not allowing any of them to increase in terms of wage tenure