registration fee and it generates about 5 million dollars and we began to program it a couple of years ago as well. and what we found is last year, we have allocated funds to the pedestrian gap closure project that is already coming in, and we expect that to have a completing date in the next month as well and so that exciting to see the first generation of the prop double a projects that have been funded to come in for completing and i want to credit and thank the program staff working with the project sponsors to keep the emphasis on the delivery there and this is a fun source that does focus on final design and construction and on the projects on the ground to emphasize the quick delivery and the results focus of the program. here we also of course, have the china town projects and so it is a great program. next, safety routes to schools, we programmed about one and a half million dollars in regional safe routes to school and allocated our own local prop k funds as well to build eight projects around town and to expand the department of public health

and the fees, and fines and charges are 8 million dollars. and so again, we are largely a general fund department. >> so, our expenditures, as we would expect about 88 percent of our budget is made up of salaries so we spend a lot of time monitoring our salaries and our over time. so the 50 million fringes are about 121 million. and professional services are 14 million and they consist of our rent, on our non-... excuse me, the non-city owned rent, and utilities and maintenance, are litigation and claims are about 3 million, and the annual it software and licensing support is about 3 million and other large expenses of our copying and printing services about a million dollars. and training expenses are about a million dollars, and also, included in professional services are translation, services and that is about 30,000 dollars in the year that we spent on translation. and materials and supplies, are uniform for the officers and run about half a million. i am sorry, the office supplies are a half million and the uniforms and safety equipment a

our capitol out lay is significant, and it is about 6 and a half million dollars. we pay about 800,000 on our leased financing and so we are paying the debt service on the vehicles that we have purchased under a bond. and we have the new replacement for cars and about 3 and a half million dollars and a special revenue funds and about 365 and we use for our marine unit and our id bureau. and our department charges by other departments of what other departments charge us, and in particular, the workers cost us about a 14 million dollar charge throughout the year and the it and the city wide it that supports the infrastructure and the accounting system is about 10 million and the vehicle maintenance and fuel charges are 5.6 million dollars which is growing every year. our city owned facilities and utilities there are 6 and a half million and then we have miscellaneous smaller work orders with the sheriff and da and medical examiners and that is about two and a half million dollars. >> so, these work orders are what we get from other departments and so we perform the se

twelve only paid eight thousand dollars and seventy cents in taxes toward unemployment insurance similarly a married american with one child who took home fifty thousand dollars in two thousand and twelve pages seventy three dollars and forty eight cents for federal food stamp benefits. so what should american taxpayers really be outraged about according to that twenty twelve white house tax receipt which by the way wasn't what was on the screen it was on the screen was from forgetting the name of a blog i'm sorry on democratic underground no well no actually it was reposed to vote for any in any case a married american with one child who made fifty thousand dollars in two thousand and twelve paid nearly four hundred sixty six dollars in taxes for here is this is this is from oh it's it's not on their four hundred sixty six dollars in taxes for america's military and defense programs and overall in two thousand and twelve the united states spent a whopping six hundred eighty nine billion dollars on defense and military related programs just think how strong and well fund

for the next three years, and then, 7.1 million dollars in the last year. and that makes up the entire financial obligation and so all of the checks that have and were supposed to have been written from the city so far, have been received by the city, and moving to healthcare, i will try to summarize this, and in the healthcare innovation fund which was part of the agreement that we worked out has received 3.5 million dollars from cpmc, i apologize and i should have filled this in out of a total of 8.6 million dollars and so we have 3.5, with the san francisco foupd daysing out of a total of 8.6, and the first round of funding, out of this fund was prioritized for the health reform readiness for the community len%backer clinics and i will just pause and i will not read you all of this but, we have a variety of dollar amounts going to the different clinics as you can see on the screen and we can get into more details on that if you want. and i will go down to the bottom of the slide, and say that pending approval of a business plan that is

shirt and pray that twenty nine us were left him five dollars and the more effective when her clothes were still in her thirty dollars for most of the stores have not told any of them yet. of course nobody started telling the clerk for the big ring without any permission from the coach olympic organizers. next up the china national radio the chinese government a dirty campaign has called on the ticket reselling market time to get retail market has gotten popular after the chinese new year previous years. people tell them i guess he received during the holiday for comparable not catch hour before that that will extend to cover for bid officials the high again yesterday campaign is not only heavily affected. we'll call him but all of her hiding gifts retail the hardest hit in previous years where high and the direct by duo and core to kepong. but there's not a popular this year. taking vitamins example whacking the retail price hike and bike a bottle with the hundreds of dollars the prices drop below one hundred dollars per bottle same goes for trying to correct which will be over twent

data showed that two dollars and thirteen. the total revenues in the gambling industry which about forty five billion us dollars. that was an increase of almost nineteen percent. your conduct of the gambling commission would be allowed to develop a plan on bringing more job opportunities to local people as a result. she pointed out that there's still a large number for people and i'm not. he and issues from gambling would prove that. cute and of course attracted to the beach the water and ireland are not unique to the world. she warned that it really depending on. the they won't be easy for high not to appeal to more towards that you suggested that the local authorities can learn from singapore drool factor of giving local people to gambling. she said that this would keep them away from black evil force. they're all that those opposing voice to the gambling on and on earlier in two thousand ten the chinese government carried out a series of policies to speed up the development and an island one of the policies would stop illega

the top of their content ranges from about four thousand nine hundred us dollars and fifty thousand dollars for each month. he said the offer includes the nurses served in the cost of gold and gold accommodation. note to attract more customers. many narrative that isn't something cute like during many a full professional nurses doctors and nutritionists. or more that seven hundred hundred competitors in china. but now the market like the proposition that are the four hundred and eighty million us dollars. don't go away because of that money matters were talking to the company behind the magic and china. it isn't. no longer just limited to propaganda pieces. now they can cut costs total compared to the political tension. but the big budget films to what they can be crossed about consequences they both politically and finance to recast ancient chinese legend will know that i got into it many of the biggest budget films are trying to read to their national standard. i think they've got some special visual back the movie magic and made its way to china. the bread as you read here. looking for m

the fourth is dollar amount of contracts awarded to lbe prime in million. and the dollar amount is the contract awarded to lbe sums. >> what percentage of all dollars for the airport have gone to lbes? because that number is not on here. 65% of the contracts awarded went to lbe from what i can gather. only 26% of our dollars went from lbes from another part of your report. >> the 26%. i do not know where the 26% is from. >> i had pulled it from the report that you guys had issued at the end of last year. i don't know -- i mean, we can go into this, but i think what i'm interested in just under that 65%, 65% of our dollars, it's 5% of all contracts. yes, but you can take the 5.3% for lbe primes and compare that to the total on the bought many of 167 and i could do a percentage for you quickly to see what that would be. the other piece, and i'm happy to talk to you about that in greater detail. >> actually, as i just do the back of the envelope calculation, [speaker not understood], and then it looks like the total -- actually, what is the total amount awarded to

and look at the central subway, and the contract is for 234 million dollars. that is how much that should cost. it is a good contract and it is a good project. and we will now move on to the next slide which is the downtown expansion. and you have got phase one as 1.6 and it is actually 1.9, and total costs 4.2 billion dollars. and the question is, why would a tunnel of an equivalent distance cost 2 and a half million dollars and approximately ten times as much as a central subway? i suggest that you look into that and there is something seriously wrong there and now, the last thing that i would like to touch on is slide number 32. and if you look at it, we are going to spend a billion and a half on cal train at the end of the day, we are going to get an extra train a day. and this is an issue. and we have got to look at capacity, and we have got to look at what is happening there and what we are getting for a billion and a half. now, you also see that not all of the funds are secured and what we are talking about here, is the 600 million dollars, of property f

the st review and again the dollar has increased by thirty six percent. most of the china would keep its trade surplus the next two years. this could make your heart to you and appreciate that time. all the stress that international pressure on you and appreciation. so very handy as of november two thousand thirteen us that that i've held to more than one point three trillion dollars that could increase to one point two million us dollars. it doesn't well. china has denied its largest creditor nation. cause that most of the pressure and human appreciation has come to mean that they give us one complete recent negative balance of trade. it does not compare to the chinese government to keep its current table trying to make us more natural. for china's economy to play more important role the world economy will become more important for us to international eyes the dow was the first free trade in shanghai last year and that indicator of. the with regard to the big step in the polite exchange rate. well the interest rate. china's currency valuation the dorsal l

as he has multiplied them with the kids on it were sold about a two dollars for the price of one changed and what i can more than eleven years dollars by the end of two thousand thirteen. in addition the price of gold and silver coin for the fourth team also went down a lot. chinese new year with the price of gold and silver coin was about six hundred ten us dollars the pride over two hundred sixty us dollars in the end of two thousand thirteen finally the same time the children of chinese servants receive the most read and look cool cast during the chinese new year chinese people can be kept in close and read a book to children is one of the customs of the chinese new year. the beijing times conducted a survey with the tiny children aged from ten to thirteen years old the results showed that during this chinese new year it could receive more than four thousand eight hundred yuan. about eight hundred us dollars cash a maverick the number two five percent increase compared to the previous year. among the nine the respondent to commit them to the service for steve the book the average amount o

corporations can't have their cake and eat it too right now corporations are making billions of dollars off of you and me and are hiding those billions in offshore bank accounts to avoid paying taxes to our government what if we close the tax loopholes that allow corporations to skip get out on paying taxes and bought the brought those trillions of dollars back home some states are already doing that they've seen some pretty amazing results back in two thousand and three the montana state legislature closed that state's tax loophole the so-called water's edge loophole that allowed companies to avoid state taxes by hiding their profits in offshore bank accounts in the decade since montana has brought in over forty million dollars in tax revenue which is a lot considering that the state only spends one point eight billion every year last summer oregon jumped on the bandwagon and closed a similar tax loophole that state now expects to bring in an additional seventeen million dollars in tax revenue from corporations this year alone and a new report by the u.s. public interest research group

dollars. but he is reported to the products are made with paper and glue. on paper how to make up the store owner eighty cents us. the crucial for speaking us dollars. the profit margin can reach twenty kind of regional pride. there are some super modern items being sold for the underworld to play with too. i can die from their super popular in china and not coincidentally third coast paper versions are selling well too. according to retailers. he kept knocking them too much profit because the price is usually very well. but the fake electronic products can be very lucrative. principal design product of his double life and i've had to be still for ten to fifteen dollars you can invite the streets for them like paper headphones and chargers the paper products are usually made on computers and printed out. the wholesale price the producers chose one to five dollars the profit margin for retailers to reach nine hundred percent bizarrely type of paper products available on the internet. as reported by chinese dot com a troubled were still lots of intervention wh

my between thirty three and fifty thousand dollars. after that merchant still need to win the six months to get the light and open a dental clinic. apart from that line the dental treatment also requires a clinic owner to spend a lot of that money. in the carport usually the x factor price potential machine will cost around thirty three thousand dollars. the final retail price would be doubled or tripled when will the hospital. especially in hospitals. the bright happy and to both benches and the hostel director. don't go with the kids up next we'll continue with the dental implant. they can. welcome back to china price watch. in today's money matters were talking the dental implant the intent to continue the problem china and is in a country like us. with the right connections a lot of money in the state. no water prompting a call. this normally means the hall for directors and govern official the bride nor to get the permit need to open a dental clinic. this brings up the price of the services for customers to. with that low productio

cover by comparison the annual pensions for world record and store data hundred forty dollars per year. after twenty five times difference between rural and urban residents. the typical social inequality issue for a fun time. several structures. as of late. this kind of comment is getting more attention from the government. people's daily report. the chinese government doubts that would unify the country through an urban residential to them. to some extent this could be considered a big step toward the countries are for. to me that the cover to cover the page content and drove right into the unemployed urban residents. it also suggests the chinese government finally started to establish a unified national treatment of them. let every time you can enjoy the social welfare. cover that is the crucial point the government. it is reform protection system of financial commentator tiger rode his luck. unifying the two pension systems is meaningless. talk to the current basic urban and broke into the dems can only pay a small amount of money to people. john says the average monthly pension the

finance and debt and debt restructuring and bankruptcies if big coin two hundred dollars at mt gox and five hundred eighty dollars that coin desk it's not too different prices market saying sixty five percent chance gox fails well of course going down is not an exchange that's an index of different prices on different exchanges and the mt gox price is an indication of the faulty mechanism that they've used for price discovery that we've covered on the show many times we've talked about it not up to the task and so they fire. they were overwhelmed and they're probably going to go completely out of the picture and other exchanges will take their place and the bitcoin price is recovered because general technology of bitcoin the cryptology is not being questioned here of course it's not as strong as macs going cryptology which has a superior cryptology and a faster hash rate this is why a lot of people are now moving into macs coin because they realize it's a period to bitcoin in many ways big coin however does have a first mover advantage and it is widely adopted and there's

pick up things for ten cents of a dollar and then they recover the same thing goes for real estate and countries around the world you're in london right now i wouldn't touch london real estate with a ten foot pole time to a but it was back in the mid eighty's when they were giving it away on the other hand during the crisis here in argentina in two thousand. one we were buying argentine real estate of streator to syria well so you can't run with the crowd not unfortunately that's what most people to that's what it's a crowd right well that's i think one of the lessons of this book is how to mentally give yourself some breathing room to think as in a way that the crowd is not thinking and a lot of times that's the big difference between a successful president and a non-successful but i want to look at the kind of the macro picture here because you've got the emerging markets are in freefall their currencies are collapsing the price of oil as price and these emerging markets without hitting an all time high priced in those currenc

in the financial market the dash that makes any fluctuation quarter or a td against the us dollar at a hundred and eighty five singapore dollar plus or minus three teams. i also want to say that we will continue the policy of smoothing exchange rate from plummeting. this means that the national bank has all the capabilities to maintain the new equilibrium rate of one hundred and eighty five team full of tools means the team. according to guy that killed the head of the decision to divide the treaty was made on the basis of the analysis of the global micro economic factors. citizen which says that the situation in all developing countries particularly in the bricks countries generally indicates weakening of currencies of these countries in relation to the us dollar. secondly uncertainty remains regarding the exchange rate of the russian ruble as you remember in two thousand thirteen. this exchange trade week of my seven percent and in january. it also had a tendency to weaken. thirdly concerned the external payments position despite the fact that the current transactions remain positive in general

and edible birds nest. but taking it to be sold for three hundred us dollars on the market. they should avoid the stress of life and work many young chinese people like to buy these products as well. money matters were talking to your car isn't gonna be here. the lecture courses. if you go is never afraid of many political technological and entering if they had better start decade ago. china could be entirely different place the cars were ready to go on the topic market and chinese people started buying gas powered cars with that designed for gas powered vehicle. but the environmental conditions and to be that beijing to reach a president. he would no longer living in this lesson i'll probably connected to the fore the government finally start to recognize that it exists to my feet on electric cars make their big lead in the market. it's been almost four years of the chinese government. the title lord of the collective vehicle industry. china was looking to make striker and energy combined with the tech of the same time. but still difficult day. ordinary chinese consumers to

even pile by government paper which is to say treasury bills because the dollar itself is a floating abstraction and the governments are all bankrupt so i think that as we speak right now with gold at about twelve hundred fifty dollars an ounce it's not the bargain it wasn't two thousand and one but still the world is so much more dangerous now i suggest buying gold both because that's the only financial asset that's not simultaneously somebody else's liability but also it's an excellent upside speculation at this point right and i would posit that given the money printing from ten years ago relative to the price if you add all the money that's been printed over the past ten years as relates to the quantity of gold in the price the price of gold could very well be cheaper today at twelve dollars an ounce that was a three hundred due to the excess of money printing anyway i see you nodding your head that's good enough we're out of time thanks so much for being on the kaiser report by casey thank you. ok that's going to do it for this edition of the kaiser report with may max geyser and stacey i would

they got dollars sixty seven dollars and fifty dollars and three hundred twenty dollars respectively. the winner get one hundred times the competition. robert who died again. the failure to get that fifty percent of their shared the witch of the new mac lottery. to all the purchasers would have a two month adventure. this has turned up again. for a return on the back very well for purchasers. that one cup of coffee. about ninety five percent. diplomas to take america to protect chinese people ever to your weekly chart of the addition of education for supervision information network refill with them putting forth and had doubts over to colleges and universities. who has made toward tiny people who are looking for the bride to be careful about that. a survey showed that each ear and ninety five percent diplomas from taking their cue. to be called over milk go over to me today. it is the number of them all. to get a promotion. another motivating factor to the students want to pee their pants with the diploma they might have had coursework or two will perform a study of real american fres

morgan chase is accustomed to now and that thirteen billion dollars settlement that j.p. morgan worked out with the fed way back in november the federal government that is it caught the attention of both washington and wall street now the landmark settlement stems from ak accusations that the bank overstated the quality of the mortgage securities sold before the financial crisis however a lawsuit filed on monday by the nonprofit group better markets has challenge the constitutionality of the deal in the complaint better markets argue that the justice department violated the constitutional principle of separation of power when it unilaterally struck the deal without a judge's blessing better markets is seeking to have a judge approve an injunction that would abolish the deal unless the justice department provides a quote ample and detailed records so such courts may review all the facts and all the circumstances and one washington shenanigans slated to go ahead with the realities of the little drama the passing of a clean debt limit bill to do now republican leaders in the

we have won millions and millions of dollars and it is unambiguous.you know, without creating that sort of incentive structure there is always going to be that problem. in a class-action fairness act, section 1715, covers up they were doing something. before you have a class-action settlement captain of file the state attorneys general's that there is class-action settlement and given a chance to object. that provision has done absolutely nothing. we see the state attorney general's coming in may be one or two cases a year. there are more than one are two cases meriting an objection. even then judges ignore them. the state attorneys general has no standing to appeal. so there is no incentive for the judge to value their say. there's no incentive for the state attorneys general to get involved, and a general is not. you know, you can create a federal ombudsman are something like that, then who will watch the watch and watch and the watchman? i don't see how that does not have regulatory capture. once upon a time in the bush of ministration the fcc thou

i think the hospitals will dominate the market still can i get to try to cure and fifty million dollars for number five hundred and thirty eight entering china. never knowing what things were happening or not to play. i cannot keep her clean her two hundred thousand dollars should be the place going. but don't think it's the people to pulling a hospital. the tool should be regulated for the couple isn't private enterprises may have been performed. and maybe worse. i don't trust the post reconstruction. let's forget that the price of buying a house to look for cures to delete a hundred of the million us dollars the prophet the buying awful very complex because they were quite surprised when local officials from the very profitable possible this requires lots of negotiations and a good relationship. for the by the rich and very prickly of negotiations go off and goes smoothly. and now piper development debate. we dig deeper than the question shaping the future empress of china. today will feature expert the day that i think i've forgotten january with exaggerated. recently china cup and p

and the first place. getting them specially done abroad concoct top dollar for the seven day trip go and do a limit on a liquid injection in switzerland. the consumer sixty five thousand us dollars. the peak with the surgery. brown tried to get cold cold commendation chauffeured cars and tour guide. the traveler will have the procedure during the first to date. but after that it vacation time. they can choose to have a read the next five days. but the fact that bill coleman scored to enjoy the natural beauty which opened after there's a lot of money he made up of chinese medical corps. in the world are taking notice. lots of korean plastic surgery awful the chinese. maybe not as many answer could be. there are over fifty thousand medical contingent in korea only three dolphin them are registered to local government being qualified to cut foreign clients. but in order that the profit motive deal to be made. there's more money being made by courts made it to go to on registered hospital the course to top tools that are officially qualified to handle for that which can be a health hazard. there's a lot of problem

in the financial market the dash that makes any fluctuation quarter or a td against the us dollar at a hundred and eighty five singapore dollar plus or minus three teams. i also want to say that we will continue the policy of smoothing exchange rate from owning this means that the national bank has all the capabilities to maintain the new equilibrium rate of one hundred and eighty five teams below us means the team according to guy that killed the head of the decision to de value detainees was made on the basis of the analysis of the global micro economic factors. citizen which says that the situation in all developing countries particularly in the bricks countries generally indicates weakening of currencies of these countries in relation to the us dollar. secondly uncertainty remains regarding the exchange rate of the russian ruble as you remember in two thousand thirteen. this exchange trade week and by seven percent and in january. it also has a tendency to weaken. thirdly concerned the external payments position despite the fact that the current transactions remain positive in general there's

thousand billion dollars every year to bail out the banks it's going to undermine that role for the dollar and in exchange for the dollar collapse and the power of the united states will decline sharply so that's why what i think as the fed changing about quantitative easing. if it's not really causing the banks to get well it's merely keeping them afloat that it's dealing with symptoms and not causes but it's threatening the doll then the policy doesn't make any sense so it's possible that the fed is thinking that way i don't know that they are but i've been courting this out to them for several years now and they may have noticed and they may have it may have entered their mind and they may be saying well this would be a very serious situation in other words a dollar failure would be worse than the bike trail now mr roberts the last numbers we got on g.d.p. growth were three point two and four point one percent in real terms on an annualized basis now the u.s. unemployment rate has now dropped to six point seven percent after reaching crisis peak numbers of ten point one percent and the cong

for a fixed amount of gold there is no fixed price top between the mind currencies and the dollar ok so what nonetheless we do have this pyramid and the pyramid is absolutely massive for it for example. if you take the combined money supply of the next fifty currencies of the dollar we're looking at total call it in three if you like global m three of a round about sixty seven trillion dollars equivalent on top of that you've got shadow banking. the financial stability board which time was headed by mark carney and a committee set up by the bank for international settlements calculated in two thousand and eleven that shadow banking worldwide was sixty seven trillion dollars so i'm talking trillion dollars i think i said billion. so you add that into it's not today given the acceleration of shadow banking in china we're probably looking at about seventy five trillion now if you add up all these bits and pieces you've got us m three you've got global m three and then you've got shadow banking the gearing is roughly forty times the monetary base in the united states but if you take i

the hundred thousand dollars less skilled immigrant. the cathedral and ninety one thousand us dollars to the canadian tv tuner would pay to having the leaders abroad has been outstanding for the economy which is to put the biggest draw for the program. don't go and get up next we'll continue with the money for visa program in canada. they can. welcome back to china price watching today's money matters were talking of the money from the program in canada. most emerging artistic and money for visa program are paying that much in taxes in the country one book can now feel undervalued is a step in the country with the program. forty five thousand chinese millionaires who continue the program to get canadian citizenship the plan has recently been scrapped. many of the investor immigrant could not live in canada for a long period time. going to get her to read and write. they will contribute more to cap the tax revenue. don't you cannot create any new job opportunities either. we are looking to cabinet positions they prefer to use their cash to buy the cap wou

we did that by the proposed referral and the project that has about i believe about 8 and a half million dollars in the 10 years for the development of the project and the construction after the 10 year timeline of the project and the yard improvements and the east side improvement water. this helps with the sewer system improvement projects to make sure we build that into the sewer program in the right context with each other >> steve a question on the deferral of projects practicing projects and we've not made a decision as to whether that's a project we want to proceed with, however, when he look at the first level of water supply level that's a big chunk of how we get there so something needs to be very hig open our priority list why did that make sense to deter it. >> it make sense to have the planning design and environmental dollars are dmrut that budget so the commission could decide to go with the project but the construction would be outside of the 10 year timeframe we want to meet our level of services but in terms of the actual demand we won't be there for sometime. >> it's true of t