did i don't know, i don't know what the purpose of the oversight board is. >> hindsight board, not oversight board. [laughing] >> francis, , hello. you've been very eloquent about the algorithm. you talked about ranking pushing extreme content, that sort of content, and addiction driver i think you've used the phrase. and this follows on really from talked about the oversight board or a regulator over here or indeed trying to construct a safety by design regime. what do we need to know about the algorithm? and how do we get that, basically? show to be about the output of an algorithm or should we be actually expecting -- inspecting the entrails for a code? you know, when we talk about transparency it's very easy just to say we need to be much more transparent about the operation of these algorithms, but what does it really mean? >> it's always important to think about facebook as a concert of algorithms. there are many different algorithmic systems and network in different ways. summer application systems, some are down regulation systems. understanding how all those parts work and how to wo

this is a defining moment for the oversight board. where relationship doesn't want to have? i hope the oversight for takes this moment to step up. and demand a relationship that has more transparency. they should ask the question, why was facebook able to lie in this way? what enabled them? if facebook can come in there and just actively -- the oversight board, which is what they did, i don't know with the purpose of the oversight board is. >> you have a hindsight for the oversight board then? >> tim calvin jones. >> thank you. you've talked about the impact of the algorithm. the amplification of that sort of content. addiction driver and it follows from a regulator. trying to construct a safety -- regime. what do we know about the algorithm and how do we get that, basically? she'd be the output of an algorithm? should we be inspecting the entrails for a code? when we talk about transparency, very easily, to say, oh, we need to be more transparent for operations, what does that really mean? >> i think it's always important to think about facebook as a concert of systems. they

and, and have a place to work on things like regulation to bring that information out to the oversight board that have the right to do oversight. regulatory agency within the federal government. yes. taking kindly to whistleblowers is one thing that american officials absolutely can not put on their c v's. yeah. chelsea manning juliana songy. i'm talking about them. but francis hogan turned out to be a very different breed of whistleblower with billionaires and democratic party. top dogs sticking up for her, after all, her demands fell conveniently in line with the government's own grievances against big tech. her testimony dovetails very closely with the democrat censorship agenda . their plan or their desire to heavily sensor social media and to take out their political adversaries. the kind of government intervention that was proposed by halligan and those who were pulling her strings is going to take place an opaque fashion behind the scenes. and undoubtedly with input from the intelligence agencies which are by nature opaque and unaccountable to the public. when you're a real whistleblo

news and information, facebook has tremendous power and i have no idea what the decision of the oversight boardwill be and i think what it is is less important than the sheer amount of power that the exercise and the total lack of transparency, this is why my view we need to break them up facebook is a monopoly, google is a monopoly, the power of these monopolies is unlike anything we've seen in this country in a century ever actually and i think the decision of this board really underscores and amplifies that. >> senator i want to get to those points that you made about breaking a big tech but first i want to ask you what would trump's returned to facebook mean for the future of the republican party. >> i don't know the answer to that, my view the former president is very significant force in the party as it is and that's good to be true no matter what, i don't know that his return to a platform is really going to affect his standing of the party one way or another i can tell you in my state among the republicans he remains overwhelmingly popular that doesn't have to do whether he's on faceboo

the company's new oversight board will announce their decision, what you think of this board? >> i think it is sad that right now in our country the free speech that americans enjoy depend on the whims of monopoly corporations i have no idea how this board operates nobody does this is a facebook supreme court, i nedon't think any one company should have this kind of power over speech, over data, over news and information. has tremendous, tremendous power. i have no idea what the decision will be. i think what is this less important than the sheer amount of power that they exercise and the total lack of transparency. that's why in my view we need to break them apart facebook is a monopoly google is a monopoly. the power of these monopolies is unlike anything we've seen probably ever. i think the impending decision of this board underscores and amplifies that. >> senator want too get to the statement about breaking up big tech. first i want to ask you, what would trump's return to facebook mean for the future of the republican party? >> i do not know the answer to that. is going

we set up prop d, a sheriff's oversight board. the voters voted for it to be in place. they also voted for the office of the inspector general to be in place to investigate allegations of sheriff's misconduct and address all of the issues that we've had with the sheriff's department in the past, so i definitely don't think we should be making any decisions, policy -- policy decisions about the sheriff's department until the oversight board is actually sworn in, until the inspector general is hired, because these are shifts and changes that are important that will affect the department and operations, that will affect the department in terms of their capacity and their ability to do a part of their mission, and so i don't think -- not only this policy, but i don't think we should be voting on any policy shifts or changes of the sheriff's department until we honor the will of the voters. secondly, as -- i hope that with all of the heightened media around some of the crimes involved in retail, i hope that we don't forget about george floyd, about breonna taylor, about osca

we set up prop d, a sheriff's oversight board. the voters voted for it to be in place. they also voted for the office of the inspector general to be in place to investigate allegations of sheriff's misconduct and address all of the issues that we've had with the sheriff's department in the past, so i definitely don't think we should be making any decisions, policy -- policy decisions about the sheriff's department until the oversight board is actually sworn in, until the inspector general is hired, because these are shifts and changes that are important that will affect the department and operations, that will affect the department in terms of their capacity and their ability to do a part of their mission, and so i don't think -- not only this policy, but i don't think we should be voting on any policy shifts or changes of the sheriff's department until we honor the will of the voters. secondly, as -- i hope that with all of the heightened media around some of the crimes involved in retail, i hope that we don't forget about george floyd, about breonna taylor, about osca

the first year the housing stability fund oversight board unanimously the board allocate funding for the purposes of acquisition and preservation of existing multi-family buildings to prevent displacement. i want to thank the body for offering clarity how the funds should be deployed. the oversight board's recommendation respond to prevailing trend in the real estate market which show increasing numbers of rental properties going on the market at rising prices and with growing participation and interest by real estate speculators. they warned we would be seeing a repeat of the market consolidation that happened after the great recession of 2008-2009. where institutional investors pounced on at-risk players and veritas went from a local player to a real estate boheme -- giant and there was 117 buildings between 3 and 50 up its 99 have no connections to big real estate in contrast to the folks lining up to buy these buildings. we're aware of 13 of those buildings already be sold a quarter of which have been bought by veritas investment. it's clear if we don't act now we'll witness the

>> well one of the things that i really think has to happen is in the regulatory and oversight board,e need more specialists with who can actually look at algorithms and understand what that means and help the regulators do their jobs more effectively. i do think that will require our appropriating sufficient funds for them to redouble their efforts there. we also have to have a long and serious talk about what the responsibilities of the social media should be, if they pose post or allow content that is harmful. and i'm not just talking about eating disorders and healthy body images and suicide prevention. i'm talking about things with global implications, too. we know that these social media have been used for conspiracy content, for all sorts of things that have serious implications. so we need to act and there's several pieces of legislation that we're looking at right now. but, you know, these hearings are an important precursor to that, but we've got to act. >> we'll be watching very closely. it's starting right now, so senator tammy baldwin, thank you for being with us. >> than

we set up prop d, a sheriff's oversight board. the voters voted for it to be in place. they also voted for the office of the inspector general to be in place to investigate allegations of sheriff's misconduct and address all of the issues that we've had with the sheriff's department in the past, so i definitely don't think we should be making any decisions, policy -- policy decisions about the sheriff's department until the oversight board is actually sworn in, until the inspector general is hired, because these are shifts and changes that are important that will affect the department and operations, that will affect the department in terms of their capacity and their ability to do a part of their mission, and so i don't think -- not only this policy, but i don't think we should be voting on any policy shifts or changes of the sheriff's department until we honor the will of the voters. secondly, as -- i hope that with all of the heightened media around some of the crimes involved in retail, i hope that we don't forget about george floyd, about breonna taylor, about osca

the first year the housing stability fund oversight board unanimously the board allocate funding forexisting multi-family buildings to prevent displacement. i want to thank the body for offering clarity how the funds should be deployed. the oversight board's recommendation respond to prevailing trend in the real estate market which show increasing numbers of rental properties going on the market at rising prices and with growing participation and interest by real estate speculators. they warned we would be seeing a repeat of the market consolidation that happened after the great recession of 2008-2009. where institutional investors pounced on at-risk players and veritas went from a local player to a real estate boheme -- giant and there was 117 buildings between 3 and 50 up its 99 have no connections to big real estate in contrast to the folks lining up to buy these buildings. we're aware of 13 of those buildings already be sold a quarter of which have been bought by veritas investment. it's clear if we don't act now we'll witness the -- we'll bear witness to the displacement that fo

seeing what eric kinser is saying, all companies need to be subject to inspection by a public oversight boardhe page, this is the one million-dollar quote that singles out china and hong kong as not complying with that requirement, which is now going to be mandated by law. >> with respect to michael leverett -- we spoke to michael leverett, he said you look at the u.s. moving to deal list chinese firms, china tried to close loopholes. it is a matter of who gets there first. the end goal seems to be the same. is the end results just further bifurcation of these superpowers? >> the headwinds are definitely against these companies listed in the united states, whether from rigor to look toward -- whether from rail or tory pressure in china, our efforts by the securities regulator in china. the story yesterday, they are going to banning, which they have denied, that they are going to ban the use of the ie structures for chinese companies in places like united states. that is not in delisting, but that could been a dramatic reshaping of the shareholding structure of those companies, or possibly --

rishaad: the public accounting oversight board, and then we get pressure on the others from beijing, with stories emerging around these variable interest entities as well. they want to pull them back, too, so there you go. >> at the -- absolutely. that puts pressure on it company like alibaba. all the headwinds converging on this company in the last year, it has lost more market value than the entire market capitalization of jp morgan. it tells you, the carnage here, but didi as well, this is a company that went public in -- what? june or thereabouts. it has been absolutely pummeled because regulators did not want it to go public because of the security issues of the data. they went ahead and did it anyway. the chinese government potentially cracking down on these variable interest entity structures that companies have been using to incorporate in the caymans or virgin islands and then lists in the united states which operates in a gray area to allow these companies to have foreign ownership. well, a lot has changed over these past few decades. rishaad: a lot has changed over the pas

public company oversight board and in december 2020 -- these two acts really spooked chinese regulatorsfeel like all companies going public from china in the u.s. would have to provide three years of audits for that would be what -- but that would go beyond traditional financial statements. commercial partners, client information and so the fear is that would make vulnerable chinese data. i think we can find a way forward that companies can continue to be listed on the united states exchanges. haidi: when you take a look at how relatively cheap the likes of alibaba is at the moment, where do you find opportunities in the decoupling regardless of whether you think china or u.s. started it? >> we got to wait for a little bit stability before jumping back into the markets. i think all of these companies are significantly undervalued without any true fundamental justification behind these valuations. the reports that came out on friday and various rumors that all companies would be delisted, i think are not accurate. what you are seeing is a broad-based reaction of public market investors t

identify whether the chinese communist party is involved, have to have your accounting by the oversight boardremember that because of enroll 20 years ago, but it's an admission of, okay, guys, we can't do this stuff anymore. remember didi was theparty coming out saying -- it wasn't as bad as when they deemed the tutorial companies suddenly nonprofit, but good riddance i want the congress to adopt what gensler is talking about. gensler wants to protect us from these kinds of deals chairman of the s.e.c., doing incredible work to make sure this doesn't happen anymore. >> this is still somewhat uncertain. you have to list in hong kong and make the shares transferrable. there was some idea they may try to race some money and buy in the shares trading here. >> no one knows. they haven't made it clear we all remember coming public, a very brief window there, and then we got the news that the chinese were already unhappy with them, and sort of looking at them more closely in terms of cyberregulation, a lot of different things, and then it's advanced since then. at some point at the take a while to f

mayor is proposing a ballot measure to reform city services for kids as well as provide a school board oversight. the measure for the june 2022 ballot would create the children's agency which would stream line funding and services for youth and families. >>> it's 5:07. still ahead, and streaming on cbsn bay area. >> the investigation now underway into what's being called a suspicious death outside a tesla factory. >>> and the around the clock efforts to find surveyors after those tornadoes swept through the midwest. >>> and if you are getting ready to hit the roadways this morning it is a slick start to the drive. we have a trouble spot on 84 and 880. ly have details mrs. claus the shopping boss here to help you merry savers decorate with the best bargains ever! ross has savings on everything you need to get the party started. because who waits for shipping anymore? or guests?! i love saying yes to more merry for less at ross! mrs. claus the shopping boss here to help you merry savers find the best bargains ever! when you have the world's longest list you go to ross so you can work that budget a

it will require the school board meets certain goals around strategy, fiscal oversight, community engagementtiative would go before voters in june if the board of supervisors approves it . now. this move comes as the san francisco school district faces a $125 million budget shortfall for next school year. and as current school board members face a recall. they're accused of mismanaging the budget and also school reopenings during the pandemic aboard president gabriella lopez , vice president bogomil iga and commissioner allison collins all face a recall election in february. the house panel investigating the january 6th insurrection at the us capitol voted today to recommend contempt charges against former president trump's white house chief of staff mark meadows. this is lawmakers revealed a series of frantic tax meadows received as the attack was underway. the texts were provided by meadows before he stopped cooperating with the committee. they revealed that members of congress and even trump's own son were urging meadows to push trump to act quickly to stop the siege by his supporters. co

the mayor is proposing a ballot measure to reform city services for kids and provide a school board oversight. the measure for the june 2022 ballot would create the children's agency which would stream line funding services for youth and families. >>> it is 6:08. still ahead on kpix5. >>> the question this morning, what happened outside the fremont tesla factory. the investigation into a suspicious death. >>> and search and rescue crews work around the clock for those missing after a deadly tornado swept through the midwest. why a man said he is grateful despite losing his home. >>> and i'm still tracking showers on high definition doppler. keep those umbrellas handy. you will likely need it through the morning and in to the afternoon. i will let you know when this will end and then tracking a second weather system behind that. details in just a few minutes. >>> and the showers bring slick surfaces to the roadways and a busy tuesday morning. i will have your top traffic trouble spots small businesses like yours make gift-giving possible. now, comcast business has an exclusive gift for you. in

the ability to speak on the matter and strongly support the continued work of the board of supervisors to provide oversight and accountability over all city functions. thank you and have a good day. >> supervisor peskin: thank you mr. sanchez and for your service to the city and county of san francisco. i for one am very sorry that you are no longer working at the planning department but i am delighted you are staying involved. are there any other members of the public who would like to comment on this item? >> clerk: that completes our public comment list. >> i would like to comment. sorry, i would like to comment and i did submit -- >> supervisor peskin: go ahead. >> hi, how are you by the way? i am an attorney in san francisco, i have been dealing with darryl honda for i believe it is nine years now, both personally and professionally. i have gone up against the board of appeals several times. i have always found him to be extremely professional, extremely unbias and i feel that this and what supervisor walton is doing is horrific. i am appalled that the board of supervisors would feel it necessary to b

some co operate as their own entity, with their own board of directors and their own oversight. investigators have permission to be on the campus, but they don't have to notify the school about who they may be investigating. ah, one thing that we found really odd is that one of the sergeants at the campus police station was on the board of some come this review listed all but one drug task force, board member and d as c as police sergeant steve helga said sergeant hogan son was on the some come board. yeah. yeah. ah, they should not have had that conflict of interest of 3rd party should have been investigating what was going on if they knew who andrew was. then what he was doing, they shouldn't have been investigating that. talk to me, i started in august and sit there why, why want to talk with him? then we had a reporter, he just went to the college, walked in and tried talking to him, and he got the door slammed in his face and told to turn his camera off. mm. her long reviewing, fabulous sergeant. ah, there shoddy investigator work was terrible. but again, it goes back to the fact of why

this was a signal by disney and its board that they want to return to that. taylor: is this an outside oversight of a chief executive or someone that could be seen as a leader? we talked about the pivots to streaming, away from the traditional business of disney. >> that is a big part. she has been on the board for 14 years, so she is steeped in the culture and decisions made along the way, but not directly tied to the business decisions that chief executive bob chapek has been making. if the board needs to make decisions in a different direction, she will be this lead voice there. caroline: this is a woman who knows business well. p&g, someone who understands a consumer business. >> coincidentally the previous independent chairman was also the former ceo of procter & gamble. they like these big consumer-products brands, people who understand marketing, understand all kinds of people and customers. romaine: when we talk about the potential for this company to move into a space where it is straddling streaming, is there any sense that what susan arnold would bring to the table would shift the per

it was funneled to the boards of elections. without oversight.his money went to democratic districts, driving up turnout in these areas while ignoring more conservative and rural areas. my response to that has been hr 4290. this will prohibit tax-exempt organizations from providing direct funding to official election organizations. the right to vote is sacred, our elections should be in the hands of the macon citizens, not the highest bidder -- american citizens, not the highest bidder. can i continue? another topic i want to talk about is these temporary election rules that many states are putting out in response to the pandemic. one that scares me is the voters' vote stating that they did not want no ask absentee ballots. our current governor is not to put in legislation to overturn the will of the voters. saying that we should not have no ask absentee ballot. to turn to turn the entire state into a ballot state -- she is trying to turn the entire state into a ballot state. i hope this committee will consider these remarks and make sure that we

this money was funneled directly into boards of elections, bypassing oversight from state legislators or local governments. in addition, this money went disproportionally to democratic districts, selectively driving up turnout while ignoring conservative areas. my response to that has been legislation that would prohibit tax-exempt organizations from providing direct funding to official election organizations. the right to vote is sacred. the administration of our vote should be in the hands of citizens, not in the highest bidder. my time is up. can i continue? >> you can have 15 more seconds. >> thank you. another topic is these temporary election rules that many states are putting out in response to the pandemic election. when that scares me in new york is the voters spoke last year -- this year in november, stating they did not want no ask absentee ballots. our current governor is trying to put in legislation to overturn the will of the voter by an overwhelming majority that said we should not have no ask ballots. she is trying to turn the entire state into a mail-in ballot state e

traditionally boards have had to responsibility us. one providing oversightstrategy and number two is hiring and into, firing the ceo. over the last half decade even more, there's a material shift toward the need of corporations to take on a more salt or social cultural responsibilities and being good citizens and that was counterforce to the 1970 article, which he basically climbed the flag and essentially suggested that financial privacy relief, an important role corporation plays. >> shareholder versus privacy. milton friedman is maybe not the modern times we are in right now. >> it's a whole other conversation, i do think he's been misquoted somewhat and was very clear in the article, the nature how corporations participate in the global economy and society would be driven by social and cultural context, enough degrees of freedom to think more broadly about the role of corporations and in the 140 character world given the short trip and blamed for the financial privacy arguments but changed in 2019 with the business roundtable, articulating a clear rise i

francisco's embattled school board members meet today ahead of a deadline to cut more than 100 million off the budget. it comes as san francisco mayor, london breed, considers a new oversight plan. according to "the chronicle," voters would be asked to approve a new agency to monitor the board holding board members accountable to make sure city dollars are spent properly. >>> i want to take you to the sierra this morning. teak a look at this. this is a beautiful sight for a lot of skiers out there. here's a live look at 80 at donner summit. >> snow plows going. >> yeah, if you are headed up to tahoe, you need to be aware of this. 80 is closed at king vale because of downed power lines. over the last few days, several feet of snow already falling there with more expected to come in the days ahead. while most of the resorts are already open, all may be open by this weekend. >> they have to check the snow conditions out there. there are threats of avalanche, too. the snow fell so fast. in the meantime, here we have all seen the rain that has come down. taking a live at christmas in the park in san josÉ this morning. kari is keeping track of the latest storm moving through and

oversight plan. according to the chronicle, voters would be asked to approve a new agency to monitor the board holding board members accountable to ensure city dollars are spent properly. >> this midday some neighbors on the peninsula are still facing cleanup for the relentless rain. in half moon bay neighbors had to dig out a clogged drain which sent that water spilling into their property and garage near main street. the sandbags were still in place last night with concerns of more flooding to come. >> this high in the garage. so our treadmill that we just bought, is gone. our dryer, gone. >> elsewhere in half moon bay, rising creek water forced businesses to close. including san mateo credit union. firefighters also had to rescue two drivers trapped on flooded highway 92 which only reopened last night after crews cleared up all of that mud and water. >> we certainly need the rain but a little break will help people, at least try to recover from some of the damage done, kari. >> yes, absolutely. as we take a live look outside in oakland, the beautiful blue skies that we had after all of that rain ov

be the last where there is ongoing litigation of some kind that someone comes before the board in our oversightand information-gathering role and -- and there may be specific questions that can't be answered because of pending litigation done from my perspective not having the court here. so i appreciate you moving forward despite that, but just wanted to make clear on the record that i share your frustration on that front and really would urge the superior court to have a representative present in any future discussions that we have at the board on this issue. thank you. supervisor? >> supervisor ronen: thank you so much for that, chair preston. i would also just say one other thing. again, i want to know what we have -- my colleagues to know what we have tried to do to get the superior court here, because, you know, as we all know, partially because the courts are shut down, this takes a long time to resolve. meanwhile there are over 200 people waiting for their right to a speedy trial that might be innocent that are languishing in jail that have lost their jobs, perhaps lost their homes. all

. >> caller: at the november 18th neating of the board of supervisors, government audit oversight committee, the committee conducted a follow-up hearing on the civil grand jury report. supervisor mar stated that he would not support granting lake merced for fire fighting. in other words he would oppose it. each page is marked, document is preliminary/incomplete. figures 2-2 and 2-3 indicates error. the same is true of the tables in section 2-1 in section 3 planning methodology. section 7, improvement cost and section 8, conclusions and recommendations are missing. section c, feasibility section has used current system and distributed the stations. it doesn't study ocean pump station south of the facility. in conclusion, it's a similar study where presented to another commission or to the board of supervisors, would it be well received or seen just as embarrassing. thank you. >> another caller has joined. caller, go ahead. >> caller: this is david pilpel again. i think eileen has been waiting long time to make those comments. on this, if and when expansion of the system is chosen, i think ma

they must have a broad based board that has educators and people of civil society who have oversight.h for just investors to look after investments. there is a greater duty to exercise. they have greater duties upon them. haslinda: karti chidambaram thank you for your insights and happy new year. let's check indian markets. we have the indian benchmarks currently in negative. pretty much flat. the nifty 100 is down about 1/10 of 1%. keep it here with us. this is bloomberg. haslinda: it is a holiday for many people around the world. there is still dated to watch for. we had a data dump from pittman saturday. on monday we get japan and south korea tell cells as well as philippines bank lending. today we get trade numbers out of hong kong and malaysia. we also get japan data. macau wednesday with hotel occupancy rates. the following thursday we get south korea's industrial production as well as balance of payment from thailand and india. on the final day of 2021. south korea inflation, china pmi and india's budget deficit are all due. rishaad: lots of markets today are having half days i

oversight work when the new legislative session starts in january. >> at state capitol. ashley zavala kron 4 news. now to big story, the san francisco unified school board plans to close a 125. >> million dollar budget gap in order to avoid a state takeover right now there are not enough students in sf usd schools. but the district is still spending at high levels that created the large deficit. now to fix the budget problem. 90 million dollars will come a direct cuts that includes cuts to student services school budgets. money would also be slashed from technology transportation custodial services and from the administrative offices. 35 million dollars from grant and prior savings would also make up the rest of the deficit. the plan also calls to cut more than 400 jobs. a state-appointed financial expert says there's no way around it. >> we need to look at the staffing at the district level. we need to look at the staffing that support schools indirectly and directly and we need to look at school state site staffing and i'm serving i'm going to reiterate because they think it's a fundamental concept here. if you have 50 teachers at this school and half

. >> caller: at the november 18th neating of the board of supervisors, government audit oversight committeed a follow-up hearing on the civil grand jury report. supervisor mar stated that he would not support granting lake merced for fire fighting. in other words he would oppose it. each page is marked, document is preliminary/incomplete. figures 2-2 and 2-3 indicates error. the same is true of the tables in section 2-1 in section 3 planning methodology. section 7, improvement cost and section 8, conclusions and recommendations are missing. section c, feasibility section has used current system and distributed the stations. it doesn't study ocean pump station south of the facility. in conclusion, it's a similar study where presented to another commission or to the board of supervisors, would it be well received or seen just as embarrassing. thank you. >> another caller has joined. caller, go ahead. >> caller: this is david pilpel again. i think eileen has been waiting long time to make those comments. on this, if and when expansion of the system is chosen, i think manning and construction s