albert park from the adb there.y fund has approved an estimated $7 billion loan for pakistan. the south asian nation was on the brick of defaulting from its test last year when it had barely enough in foreign currencies to pay for a month of imports. around $1 billion will be disbursed immediately to the country. the rest will be released over the course of three years. turning to the world of art and luxury, christie's has opened its new asia headquarters in hong kong. the auction house holds its first sale today where an array of artwork, including two multi—million—dollar paintings by claude monet and vincent van gogh, will be up for auction. but the global art market has been struggling amid a difficult macro environment. for more, let's bring in the christie's apac head, francis belin. thank you very much for your time on the programme. sales were down in the first half for the auction market. what is your outlook for the rest of the year?— your outlook for the rest of the ear? ,., ., ., ., the year? good morni

albert park explained to me why beijing is lagging behind.recast for china, although things continue to evolve, obviously. 4.8% is still below the government's own projection — and target — of 5%. we've seen the property market he a continuous drag, and although the government announced recent stimulus measures — which were very coordinated across a number of regulatory agencies, so they're trying to signal strongly that the government is trying to support recovery in the sector — we still see very pessimistic consumer and investor sentiment, and so it's not clear whether that's going to be enough to bring the property market back. the good thing, or the opportunity, for china is that inflation is very low — in fact, lower than we expected — and if they think growth is too slow, there is room to have more expansionary monetary and fiscal policy. the recent announcements kind of get the monetary side, the financial side, but there's still scope, i think, to increase on the fiscal side, to try to support especially consumption in the economy, w

that was the | chief economist of the asian development bank albert park.us and putting more money into the hands of consumers. we are getting reports that exactly what china will do. reportedly they will give cash hand—outs to the poor in a rare announcement of direct aid. that's according to state media, the money will be distributed before october the 1st, the start of the national ist, the start of the national holiday. the move follows a series of stimulus measures that were announced by the government this week. turning to the world of art and luxury, christie's has opened its new asia headquarters in hong kong. the auction house holds its first sale today where an array of artwork, including two multi—million—dollar paintings by claude monet and vincent van gogh, will be up for auction. but the global art market has been struggling amid a difficult macro environment. christie's apac head, francis belin. the sales were down in the first half but the results were very resilient. the rates across our sector were very strong and the prices we achieved fo

cures wild animal hospital is undergoing two years of renovations at its san rafael headquarters on albert park temporary home leased from san rafael city schools. that means operations are currently on pause, while care will announce a specific location when it opens at the end of the month. while care estimates it treats 3500 wild animals each year. >> santa clara valley water district is finally entering the final phase of a 70 year project meant to prevent flooding in the southern part of the county. a 13 mile stretch of georges creek near morgan hill is flooded repeatedly. the water district says it's now received tens of millions in federal funding to complete the third phase of a flood prevention project. once complete, about 1100 homes and 500 businesses will have 100 year flood protection. near downtown morgan hill appears a plan to set kids on a path to college early is working. >> san francisco's kindergarten to college program provides every child entering kindergarten with a savings account seeded with $50 toward their future education. the city's treasurer says that's proving to b

levis, new parking rules. albert dan in his 9 or be kleiner says they're not fair. people from blocking off large sections of parking lots making it so people park in the next available spot that led to some tight squeezes on help families friends of the year. and the year. >> because of the to a not able get you also can't have tense larger than 8 feet by 8 feet and your entire part a state within the parking lot lines. everyone we spoke to either didn't get the memo or just didn't care. but i think now that i'm seeing everybody come together, it's still also great by. but it is made harder forty-niners fan. mike has tailgate it for years and says the new rules are strict. his biggest disagreement, though the stadium now says you cannot have music through speakers. >> the music thing i mean, it will really this has been about football tailgating up. can you say no to music? you want respect the but we also want to have a good time. so we want to be able cares. a lot of people travel want to really appreciate that data. and christine, i have been tailgating since 20

. >> albert bucciarelli is host of the rv park near the contra costa fairgrounds in antioch, where the shooting happened. he says someone involved in the shooting took off in a car that plowed through this chain link fence. >> we've never had anything like that, ever. i mean, this is the safest park i've been, right here because we never have any problems. >> candace martin works at the nearby antioch speedway. >> i'm upset that people are behaving this way. i mean, it's like, this is not the way antioch used to be. it seems like it's getting crazier. >> the shooting would only be the first of several along the l street corridor. later monday night, evidence markers littered the street near l and sycamore after another shooting. this strip mall and neighborhood is where there have been numerous previous shootings in recent weeks, including one on labor day that left a man dead. five days later, a woman was shot and wounded. >> we hear gunshots from sycamore all the time. i mean, that's around here. that's all you hear. >> and even later on monday night, yet another shooting at east 18t

levis, new parking rules. albert and in his 9 or bic lighters says they're not there. a new rules keep people from blocking off large sections of parking lots making it so people park in the next available spots. and that led to some tight squeezes on monday. you also can't have tense larger than 8 by 8 feet and your entire part a state within the parking lot. lights. but we spoke to either didn't get the memo or just didn't care. but i think knowing and seeing everybody come together, it's still also great by. but it is made harder. forty-niners fan might cause tail, get it for years and says the new rules are strict. his biggest disagreement, though the stadium now says you cannot have music through speakers. >>the music thing i mean, it will really this is nfl football tailgating up. can you say no to music? you want respect their but we also want >>dana and christina have been tailgating since 2009 at candlestick. but these new parking restrictions don't favor large parties. they've hosted every season with 50 to 100 people. it's a way life for a a final new rule. i

. >> albert bucciarelli is host of the rv park near the contra costa fairgrounds in antioch, where the shooting happened. he says someone involved in the shooting took off in a car that plowed through this chain link fence. >> we've never had anything like that, ever. i mean, this is the safest park i'm in right here because we never have any problems. >> candace martin works at the nearby antioch speedway. >> i'm upset that people are behaving this way. i mean, it's like, this is not the way antioch used to be. it seems like it's getting crazier. >> the shooting would only be the first of several along the l street corridor. later monday night, evidence markers littered the street near l and sycamore after another shooting. this strip mall and neighborhood is where there have been numerous previous shootings in recent weeks, including one on labor day that left a man dead. five days later, a woman was shot and wounded. >> we hear gunshots from sycamore all the time. i mean, that's around here. that's all you hear. >> and even later on monday night, yet another shooting at east 18th an

. >> albert bucciarelli is host of the rv park near the contra costa fairgrounds in antioch, where the shooting happened. he says someone involved in the shooting took off in a car that plowed through this chain link fence. >> we've never had anything like that, ever. i mean, this is the safest park i'm in right here because we never have any problems. >> candace martin works at the nearby antioch speedway. >> i'm upset that people are behaving this way. i mean, it's like, this is not the way antioch used to be. it seems like it's getting crazier. the shooting would only be the first of several along the l street corridor. >> later monday night. evidence markers litter the street near l and sycamore. after another shooting. this strip mall and neighborhood is where there have been numerous previous shootings in recent weeks, including one on labor day that left a man dead. five days later, a woman was shot and wounded. >> we hear gunshots from sycamore all the time. i mean, that's around here. that's all you hear. >> and even later on monday night, yet another shooting at east 18th and