SFGTV: San Francisco Government Television
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Feb 13, 2013
02/13
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our group doesn't look that it will be coming together until april 24th. i think at that time or closer to that time, we could reconvene and make a recommendation to this commission. i think what at some point we want to get a recommendation around is just the final steps of the process, how many candidates that this body would ultimately see, at which point we would pass it on to the commission, i think that's the only issue we need to finally get support from this commission on, but i think we need to meet again before we can give a final recommendation on the approach that we plan to take because we also need to have a meeting where we have a full active sub commission, you know, sub-committee to make that recommendation to forward to you all. >> agreed. >> commissioner antonini. >> that's why i was talking about the 18th as a possible date, it would predate our meeting of the 24th, however, as envisioned, we might be making some decisions as to the number of candidates and selecting among those that were brought before us at that meeting if i understan
our group doesn't look that it will be coming together until april 24th. i think at that time or closer to that time, we could reconvene and make a recommendation to this commission. i think what at some point we want to get a recommendation around is just the final steps of the process, how many candidates that this body would ultimately see, at which point we would pass it on to the commission, i think that's the only issue we need to finally get support from this commission on, but i think...
SFGTV: San Francisco Government Television
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Feb 22, 2013
02/13
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SFGTV
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beginning in april and throughout the remainder of 2013 the port has planned to have activities on the water front that highlights the culture history. we'll use the 1 hundred and 50th celebration to remind the public about the port what we do and how we intersect with the public's daily life on wednesday on april 24th we'll start the day with a big bash. at this media event peer 34 will present the port with a huge birthday cake and provide big selections. on sunday april 28th the port will host a daylight celebration along the water front from the high street peer in the north to the peer 38 in the south. these fun activities will include boat tours, bicycle rides. art delays and special offers by constituents and the public on port property. i have more to talk about in terms of ongoing selections but i'd like to might have dan up to talk about our port. >> good afternoon, commissioners dan with the planning division. i'd like to tell you about a couple of art exhibits. one of us will share the ports rich history and another that speaks to today to illegal - illustrate how people ca
beginning in april and throughout the remainder of 2013 the port has planned to have activities on the water front that highlights the culture history. we'll use the 1 hundred and 50th celebration to remind the public about the port what we do and how we intersect with the public's daily life on wednesday on april 24th we'll start the day with a big bash. at this media event peer 34 will present the port with a huge birthday cake and provide big selections. on sunday april 28th the port will...
SFGTV: San Francisco Government Television
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52
Feb 18, 2013
02/13
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SFGTV
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>> well -- >> they're loaded between now and april. >> i was going to say for the board's sake april looks best. i know it puts off for a while for the requester. >> april fifth. >> 10. >> tenth? okay. >> okay. >> excuse me, tenth. all right. >> the department -- okay. >> okay. we have a motion from commissioner fung to grant this rehearing request and set the rehearing on the merits for april 10. on that motion president hwang. >> aye. >> commissioner hurtado. >> aye. >> and vice president lazarus is absent. commissioner honda. >> aye. >> thank you. the vote is four-zero. this rehearing is granted and set for april 10. thank you. >> >> okay. the next item on the board's calendar is 4d which is three jurisdiction requests. the support property is at 68 presidio avenue. the board received a letter from steven greenwald and roashiel alpert and take issuance over the following dates in the application submitted respectively. the appeal periods ended on november 14, 2011, march 20, 2012 and april 27, 2012 respectively and jurisdiction requests were filed then. the project for item one is
>> well -- >> they're loaded between now and april. >> i was going to say for the board's sake april looks best. i know it puts off for a while for the requester. >> april fifth. >> 10. >> tenth? okay. >> okay. >> excuse me, tenth. all right. >> the department -- okay. >> okay. we have a motion from commissioner fung to grant this rehearing request and set the rehearing on the merits for april 10. on that motion president hwang....
SFGTV2: San Francisco Government Television
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63
Feb 8, 2013
02/13
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SFGTV2
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april. first week of april? >>: can we ask for a later date than march 28th? >>: april 11 is a good one. >>: i will second. >>: i will like to be sure that the inspector and the entertainment commission is appropriately involved in this. >>: that is part of the motion. >>: inherently what pa'ina is asking is go beyond the limit that they recognized. >>: we are not giving that today. we are continuing the item. do you want to restate the motion? >>: the item is continued until april 11 with the understanding that independent sound engineers from both pa'ina loung and sundance kabuki theater will be involved in testing and determine the amount of sound generated within the kabuki theatre for the adjacent spa at levels that could be anticipated in the pa'ina loung in the range of say 94-101 decibels which is a top-level that is possible to be generated. if it is good there, it will be good at lower levels. the other part of the motion is that any kind of mitigation taken should have another round of testing to determine what the levels are. >>: with all due respe
april. first week of april? >>: can we ask for a later date than march 28th? >>: april 11 is a good one. >>: i will second. >>: i will like to be sure that the inspector and the entertainment commission is appropriately involved in this. >>: that is part of the motion. >>: inherently what pa'ina is asking is go beyond the limit that they recognized. >>: we are not giving that today. we are continuing the item. do you want to restate the motion?...
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Feb 2, 2013
02/13
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CNBC
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to define his risk, he bought the april put for $10.75. is below the cost of the trade by april expiration. but $10 just to get bearish on amazon? come on, mike. let's do this for's. >> sell the 245s against it. >> now you're thinking. to spend less, mike sold the april 245 put for $5.30 and created his put spread. but he did something even better. he made making money easier. here is how. buying one put and the 530 he collected by selling the other, mike cut the cost of his trade in half to just $5.45. now instead of needing amazon to fall below 254.25 to make money, he can see money if they hit below 259.55 by april expiration. there is a tradeoff. because he sold that put, mike's between the put that he bought and the put that he sold. amazon has fallen 4%, making this trade a winner. now options actions biggest fans are clicking to and fro, to find the answer to their most burning question, what will coe and carter do now? >> they want me to say a word in there. had you had the guts to short amazon, you would have made just over 4%. mi
to define his risk, he bought the april put for $10.75. is below the cost of the trade by april expiration. but $10 just to get bearish on amazon? come on, mike. let's do this for's. >> sell the 245s against it. >> now you're thinking. to spend less, mike sold the april 245 put for $5.30 and created his put spread. but he did something even better. he made making money easier. here is how. buying one put and the 530 he collected by selling the other, mike cut the cost of his trade...
SFGTV: San Francisco Government Television
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58
Feb 27, 2013
02/13
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SFGTV
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applications due to the authority on april 1st and because we get so many of them and they are of high interest -- one is an information in may and the second time in june we're in the last year of the five year preservation program. because we had interest expressed in this we encourage you to contact your offices to get your input as soon as we receive the list of applications from everyone on april 1st we will send the full list of the projects that we've received and will help follow up on your questions. i see a lot of calls for projects going out. we have the agency portion of the -- this is the regional portion that's meant to deal with the -- education and out research efforts san francisco is expected to have about 1.4 million of the 20 million that's available to the region we're currently working with the san francisco school coalition and we'll bring that to the plans and programs committee in april i believe with the idea of coming back in june for a funding action on the recommended project. the san francisco transportation plan a great deal of work continues to move forw
applications due to the authority on april 1st and because we get so many of them and they are of high interest -- one is an information in may and the second time in june we're in the last year of the five year preservation program. because we had interest expressed in this we encourage you to contact your offices to get your input as soon as we receive the list of applications from everyone on april 1st we will send the full list of the projects that we've received and will help follow up on...
SFGTV: San Francisco Government Television
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63
Feb 23, 2013
02/13
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SFGTV
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april, is our next opening, with... it would be, we added to april tenth? >> yeah. >> the 17th. >> is april 17th work? >> mr. williams? >> >> would you like to specify the length of the briefing and the timing and the subject matter. >> they can present a brief up to five pages in length. >> do i want to have to subject on the conditional use and the nature of the business? >> i would like it to focus on whether that leasee conforms to financial services. >> and my recommendation would be to have the permit holder briefed first and then have the appellant and the department respond. so the permit holder could be i am not sure how much time in advance. >> could i limit how much time they get when they come back? >> do you want to discuss that with the president. >> could i limit how much time they get when they come back? other than just now? >> we continue they could be offered the full seven minutes per case which is four cases. >> the hearings have been held and closed. it is a discretionary matter. we have heard a lot tonight. >> so i am thinking then th
april, is our next opening, with... it would be, we added to april tenth? >> yeah. >> the 17th. >> is april 17th work? >> mr. williams? >> >> would you like to specify the length of the briefing and the timing and the subject matter. >> they can present a brief up to five pages in length. >> do i want to have to subject on the conditional use and the nature of the business? >> i would like it to focus on whether that leasee conforms to...
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170
Feb 24, 2013
02/13
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CNBC
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i bought the april 2725 put shread for 45 cents. i bought one of the april 27 puts for 70 cents. i sold an april 25 put against it for 25 cents. my max risk is 45 cents. i can make up to $1.55 between 26.55 and 25. below that, that's my max payout. i can only lose that 45 cents. this is a designed risk that implied volatility is relatively cheap in the name. despite the movement, i'm selling that lower strike put. i don't think we are going to get an apocalyptic move. >> are the options cheaper? >> yes. >> that's one reason you are doing this. >> that's a really good point. we have seen more dispersion in the markets. stocks have been going in different directions. what ends up to etfs is that mutes how much they move around. when fear enters, they start to track together. the volatility of an etf or an index will increase. that's what happens when they start to decline. it is absolutely the case that right now, we're looking at a situation where we haven't seen indices. >> we are on the cusp, of -- >> you are making a play obviously on a decrease. you are also making a play on t
i bought the april 2725 put shread for 45 cents. i bought one of the april 27 puts for 70 cents. i sold an april 25 put against it for 25 cents. my max risk is 45 cents. i can make up to $1.55 between 26.55 and 25. below that, that's my max payout. i can only lose that 45 cents. this is a designed risk that implied volatility is relatively cheap in the name. despite the movement, i'm selling that lower strike put. i don't think we are going to get an apocalyptic move. >> are the options...
SFGTV: San Francisco Government Television
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Feb 5, 2013
02/13
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SFGTV
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the next meeting is in march or april. the canopy design will also go to the city design review committee to get approval in march. i want to leave you with the project stands, the schedule, for the shelter canopies portion construction is september 2015, complete construction in june 2016. next item is similar. prop k support conceptual engineering and planning for the -- corridor improvement project, a complete project that involves sidewalks, bike lanes, paving, landscaping. it is a multiagency, multidistrict project. both the san francisco recreation department, the municipal transportation agency, and department public works are working together. also a multidistrict project. a second districts 9, 10, 11. the scope of work included is to do the planning work that needs to do to find the preferred alternative for the corridor in the conception legendary that would follow along with that. but will include two community meetings in february and march in the selection of the preferred alternative in the presentation of th
the next meeting is in march or april. the canopy design will also go to the city design review committee to get approval in march. i want to leave you with the project stands, the schedule, for the shelter canopies portion construction is september 2015, complete construction in june 2016. next item is similar. prop k support conceptual engineering and planning for the -- corridor improvement project, a complete project that involves sidewalks, bike lanes, paving, landscaping. it is a...
SFGTV: San Francisco Government Television
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Feb 23, 2013
02/13
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SFGTV
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>> april ten? does that work for the parties? >> april ten? >> okay. >> and as for grounds, i believe that our standard for new information material to the dispute were undisputed in fact. >> okay. >> we have a motion from the president, to grant this rehearing, request and to set it for april tenth, on that motion, commissioner fung? >> aye. >> commissioner hurtado is absent. >> vice president lazarus? >> aye. >> and commissioner honda. >> aye. >> the vote is 4-0, and this rehearing request is granted. which means that the original decision of the board is set aside, and a new rehearing on the merits shall take place april tenth. thank you. >> we will move on to item number five, appeal number 12-155. steven greenwald and rochelle alpert verses the department of building inspection, the property at 60 presidio protesting the issue ans to jennifer chow and steve minisini of a permit to alter a building, application number 201201182486 expand the existing roof terrace, new window at top floor, famil
>> april ten? does that work for the parties? >> april ten? >> okay. >> and as for grounds, i believe that our standard for new information material to the dispute were undisputed in fact. >> okay. >> we have a motion from the president, to grant this rehearing, request and to set it for april tenth, on that motion, commissioner fung? >> aye. >> commissioner hurtado is absent. >> vice president lazarus? >> aye. >> and...
SFGTV2: San Francisco Government Television
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Feb 22, 2013
02/13
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SFGTV2
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silos you might not be here april. ain't none of us never promise said tomorrow. if you died you would need a will. that way you control your nickel when you are gone. get your ducks in a row you might not be here come april. yeah, your policy is up-to-date and we will pay say if you lose an arm at the elbow at the mill. if you died you need a will. double pay for accidental deaths we have you down. your wife will not need to borrowo. you might not be here come april. being alive is enough to get you killed. do you hear about the folks in monroe? if they hang you from a tree you need a will. your folks won't have to worry about a meal with this insurance when that day of sorrow come. silos you might not be here april. if you died right sudden you'd need a will. >> this next is titled no one's real high button. >> beat, beat, beats here the sound of the train on the georgia road the claps of wheels at the gaps of the joints of the rails the beat of the hammer on iron andan vil at the smithing. shaping shoes for mules an
silos you might not be here april. ain't none of us never promise said tomorrow. if you died you would need a will. that way you control your nickel when you are gone. get your ducks in a row you might not be here come april. yeah, your policy is up-to-date and we will pay say if you lose an arm at the elbow at the mill. if you died you need a will. double pay for accidental deaths we have you down. your wife will not need to borrowo. you might not be here come april. being alive is enough to...
SFGTV: San Francisco Government Television
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Feb 26, 2013
02/13
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SFGTV
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board members for that anyway way and by april when we start to actually consider the recruitment materials and all of that we'll be able to settle a five person committee by that i don't want to delay that process i think it's important to interview candidates in the month of may but june is the budget season and i've participated in this selection process in the past and it's incredibly time consuming to do all of these interviews even if it's a 3 person committee by the month of march and by april a five member committee that was my suggestion but it seems like it might be a simimilar com promise. >> i think we should definitely move forward on this issue and kim thank you for highlighting this. we will be in the midst of budget cycle. so i want to ask staff to come back to us with a proposal and tell you how this change of from a that 3 person committee to 4 person committee. i'm thinking about march 18th. we might have to agree to a special meeting. i don't know if we want to comment on my suggestion on asking staff to come back to us with this new meeting with the possible timeline >>
board members for that anyway way and by april when we start to actually consider the recruitment materials and all of that we'll be able to settle a five person committee by that i don't want to delay that process i think it's important to interview candidates in the month of may but june is the budget season and i've participated in this selection process in the past and it's incredibly time consuming to do all of these interviews even if it's a 3 person committee by the month of march and by...
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Feb 26, 2013
02/13
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MSNBC
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that was april 2011. three months after they got sworn in, they came within minutes of shutting down the government. and then three months after that, ding ding ding, time future a crisis again. july 2011. it was the down-to-the-wire self-imposed hair-on-fire crisis of the debt ceiling. we might not make good on the country's debts. we're going the make this a crisis when we don't need to. but we're going to self-inflict this crisis. running up to that brink got our nation's credit rating downgraded. and that was so much fun, they didn't even wait three months for the next self-imposed crisis. they threatened another shutdown in september 2011. this time shutdown averted with just days to spare. and then we took a break for the election. and as soon as the election was over, everybody rushed back to the brink. december 2012, the fiscal cliff. self-imposed crisis. economic armageddon. everybody cancel your new year's plans. we have arranged a new crisis for ourselves. and as planned, we are on if brink. an
that was april 2011. three months after they got sworn in, they came within minutes of shutting down the government. and then three months after that, ding ding ding, time future a crisis again. july 2011. it was the down-to-the-wire self-imposed hair-on-fire crisis of the debt ceiling. we might not make good on the country's debts. we're going the make this a crisis when we don't need to. but we're going to self-inflict this crisis. running up to that brink got our nation's credit rating...
SFGTV: San Francisco Government Television
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Feb 4, 2013
02/13
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SFGTV
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we expect closing to occur in march of this year, no later than april 1. parcel b also known as block 11a construction began on the ray cousin apartments which is 120 units supportive housing project by bridge and community [pao-erpb/]ships. it's a partnership with the mayor's office of housing and the redevelopment successor agency and we're very proud of that project because it's our first affordable physically supportive housing project that is under construction. blocks 6 and 7 the redevelopment successor agency developed 409 market-rate and 150 affordable housing units and they are currently finalizing negotiations on the development agreement with that developer and block 9 the redevelopment agency received three proposals for 550 units with 20% affordable and at the appropriate time i will come back to the board with the results of the bids. with respect to our current costs and schedule status as of november, 20 12 total for phase 1 is $1.6 billion. you can see what has been awarded to-date, committed and incurred through november, 2012. i should n
we expect closing to occur in march of this year, no later than april 1. parcel b also known as block 11a construction began on the ray cousin apartments which is 120 units supportive housing project by bridge and community [pao-erpb/]ships. it's a partnership with the mayor's office of housing and the redevelopment successor agency and we're very proud of that project because it's our first affordable physically supportive housing project that is under construction. blocks 6 and 7 the...
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Feb 1, 2013
02/13
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KRCB
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the bill is putting pressure on both chambers of commerce by mid-april. republicans are expected to continue pushing the government to cut the fiscal deficit by reviewing social security spending. the budget is a lingering concern for lawmakers. they must come up with measures to resolve the issues of spending cutby ely mch. here in japan the jobless rate in december has gotten worse. the number of jobs on offer for people seeking work has seen the first increase in five months. the latest data from the internal affairs ministry shows unemployment for december was 4.2%. that's up .1 of a point from december. the number of people without a job increased by 70,000 to 27.8 million. those with a job fell 350,000 to 62.6 million. as for thehole of 2012 the job situation improved. the average unemployment rate last year stood at 4.3%. that's down .3 of a point from the previous year. the labor ministry announced that the ratio of job vacancies to seekers improved slightly in december. it says 82 position were available for every 100 job seekers. the weak yen an
the bill is putting pressure on both chambers of commerce by mid-april. republicans are expected to continue pushing the government to cut the fiscal deficit by reviewing social security spending. the budget is a lingering concern for lawmakers. they must come up with measures to resolve the issues of spending cutby ely mch. here in japan the jobless rate in december has gotten worse. the number of jobs on offer for people seeking work has seen the first increase in five months. the latest data...
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Feb 22, 2013
02/13
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WETA
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the nasdaq lost nearly , d the swa&wns p 5 0do%..2& >> tom: this april will be three >> tom: this april will be three >> a developing story, the governor in washington state, the office says the leak has not posed an immediate public health risk. the governor's office says the leak has not been stopped. a different story from a different energy source. this april will be three years since the deepwater horizon caught fire, sank and untapped the nation's worst oil spill. on monday in new orleans, the civil trial pitting the u.s. government and gulf coast states against b.p. is due to begin. ruben ramirez has a preview of the case and the possibility of a last minute deal. >> reporter: nearly three years after a rig explosion killed 11 people and spilled four million barrels of oil into the gulf of mexico the u.s. government and b.p. are set to square off in a louisiana courtroom. b.p. has a history of settling civil cases before or during trial, so an eleventh hour deal could still be reached. the justice department and gulf states are considering offering b.p. a $16 billion deal, that's
the nasdaq lost nearly , d the swa&wns p 5 0do%..2& >> tom: this april will be three >> tom: this april will be three >> a developing story, the governor in washington state, the office says the leak has not posed an immediate public health risk. the governor's office says the leak has not been stopped. a different story from a different energy source. this april will be three years since the deepwater horizon caught fire, sank and untapped the nation's worst oil...
SFGTV2: San Francisco Government Television
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66
Feb 28, 2013
02/13
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SFGTV2
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eye 66
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all of that will occur at the end of april is our target for rolling out that next iteration of the site plan as well as a higher level of design and we're hoping to be back actually at this commission in april along with being at the port commission and the cac. >> thank you. and i wanted to ask a series of transportation questions and i don't know who that is best for. so we got this diagram with the yellow blue. i know at this point we're in a conceptual phase but if you could go over some of the larger challenges of the site? obviously accommodating the different modes. is there anything about the site that will require a lot of attention to try and figure out? and my second question is around muni light rail so if there are any performance or operating suggestions being provided about light rail because my own experience along that side it's quite slow. >> i would like to introduce erin miller and that give some perspective. >> thank you. >> jennifer mentioned at the beginning of the meeting this afternoon we are working on a assessment that is taking into account not only this proj
all of that will occur at the end of april is our target for rolling out that next iteration of the site plan as well as a higher level of design and we're hoping to be back actually at this commission in april along with being at the port commission and the cac. >> thank you. and i wanted to ask a series of transportation questions and i don't know who that is best for. so we got this diagram with the yellow blue. i know at this point we're in a conceptual phase but if you could go over...
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Feb 18, 2013
02/13
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WBAL
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sentencing will be sentenced in april. the red cross is providing shelter to two families displaced by a fast-moving fire over the weekend. this is all that's left over on indian camp road. firefighters were called to the scene around 4:00 a.m. saturday morning and nine people were inside. the blaze reached two alarms before they were able to get anything under control. howard county fire marshal's are now investigating. >> some good news in a tough flu season. the number of people getting sick is beginning to decline. george lettis tells us why. >> the centers for disease control reports the flu has finally begun to loosen its grip on the nation after one of the worst seasons in years. maryland is one of 16 states experiencing a minimal flu activity. the greater of a baltimore medical physician assistant says she saw eight to 10 flu patients per weekend and now it is down to one. >> a lot of people were going to work down trying to push through the english when they should have been staying home, coughing without covering
sentencing will be sentenced in april. the red cross is providing shelter to two families displaced by a fast-moving fire over the weekend. this is all that's left over on indian camp road. firefighters were called to the scene around 4:00 a.m. saturday morning and nine people were inside. the blaze reached two alarms before they were able to get anything under control. howard county fire marshal's are now investigating. >> some good news in a tough flu season. the number of people...
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Feb 21, 2013
02/13
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COM
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date but i forgot to look at it. >> jon: it's april -- >> april something.it up. >> jon: your band's next performance is. >> we'll we'll be out here y
date but i forgot to look at it. >> jon: it's april -- >> april something.it up. >> jon: your band's next performance is. >> we'll we'll be out here y
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Feb 18, 2013
02/13
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WJLA
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if so, it will be auctioned in april.d, if you see something you'd like to have in our "instant index," tweet it to me me, @dianesawyer, i'll be reading. >>> and coming up, with all those meteors lighting up the skies, from siberia to florida, we're going to show you something brand new that might give all of us a warn iing one' going to crash. nexium, the purple pill, helps provide many with day and night relief of heartburn symptoms caused by acid reflux disease. there is risk of bone fracture, and low magnesium levels. side effects may include headache, abdominal pain, and diarrhea. call your doctor right away if you have persistent diarrhea. other serious stomach conditions may exist. don't take nexium if you take clopidogrel. ask your doctor if nexium is right for you. find out how you may be able to get nexium for just $18 a month at purplepill.com [ coughs ] [ baby crying ] ♪ [ male announcer ] robitussin® liquid formula soothes your throat on contact and the active ingredient relieves your cough. robitussin®. don'
if so, it will be auctioned in april.d, if you see something you'd like to have in our "instant index," tweet it to me me, @dianesawyer, i'll be reading. >>> and coming up, with all those meteors lighting up the skies, from siberia to florida, we're going to show you something brand new that might give all of us a warn iing one' going to crash. nexium, the purple pill, helps provide many with day and night relief of heartburn symptoms caused by acid reflux disease. there is...
SFGTV: San Francisco Government Television
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61
Feb 2, 2013
02/13
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SFGTV
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think that's what deserves a little more discussion, i'm happy to having that discussion closer to april when applications have come in and when linda avery made the first cut. >> can i respond? >> well, it wasn't exactly what i wanted to imply by the meeting that we're having with dhr, we're just basically going to be made privy of the decisions that were made by dhr in terms of their first cut, we're not making further cuts that day, that's why i was careful to make sure we didn't ask for any approval of anything after that point because that's when it would become more selective, we wanted the commission to have input on that and as far as the actual job description and the criteria, that will be available to the public as of tomorrow and it will be reviewable, we can make sure the whole commission should have a copy of that to review and it gives a lot of specificity as to the criteria and how they are weighed and these types of things. >> commissioner sugaya? >> yes, if we could give feedback to the sub-committee i guess at this point, as i understand it, the job description is goin
think that's what deserves a little more discussion, i'm happy to having that discussion closer to april when applications have come in and when linda avery made the first cut. >> can i respond? >> well, it wasn't exactly what i wanted to imply by the meeting that we're having with dhr, we're just basically going to be made privy of the decisions that were made by dhr in terms of their first cut, we're not making further cuts that day, that's why i was careful to make sure we didn't...
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Feb 23, 2013
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a pay cut for hundreds of thousands federal employees april 1. that sounds pretty substantial. is it, to the economy? >> well, first of all, it's substantial to the people affected, no question about that. in terms of its impact on the economy, we recently did a study that suggested if the sequester goes into full effect march 1, want impact will be to knock .6% off of growth this year. that is if we thought the economy was going to grow at about 2.6% without the sequester, that will be reduced to 2% with the sequester. >> tom: for this year, we're talking $85 billion potentially taken out of the growth of government spending between march 1 and the end of september and a $4 trillion budget. proportionally for median household income that's the equivalent of $1,000 out of a $50,000 income being taken out. how can that impact economy so much? >> well, it's-- it amounts to something like an 8% cut in the level of government services, other kinds of government expenditures, and at the margin, that's enough to have a noticeable impact on economic growth. now, remember, it's 80-odd-
a pay cut for hundreds of thousands federal employees april 1. that sounds pretty substantial. is it, to the economy? >> well, first of all, it's substantial to the people affected, no question about that. in terms of its impact on the economy, we recently did a study that suggested if the sequester goes into full effect march 1, want impact will be to knock .6% off of growth this year. that is if we thought the economy was going to grow at about 2.6% without the sequester, that will be...