this is the replacement of the old beake street 0-- beal street bar and grill. mr. somers has been before you. he was involved in a club on broadway. this includes live entertainment and corporate events. planning is indicating this is an approval of these. it looks like the other conditions. staff recommends it reckoned--- recommends a conditional grant. -- the staff recommends a conditional grant. >> i am here representing the. we have with us, i apologize. gloria is the majority owner and is under the weather and is not with us tonight. george somers and tim carlos are owners and managers of the premises. from 1988 until a couple of years ago, the beale street bar and grill was ordered an institution in the southern financial district. is basically an american girl, a sports bar, and a live music venue. survey honkey tonk band -- soared of hockey top bands. -- sort of honky tonk bands. they forced her to move. they wanted her to go away. she put up a fight and got of money. this business is three blocks away near montgomery and minna. just a block from 111 minna

beak focus coffee. if accepted it would open a new frontier in east africa. >>> fitch rating is downgrading greece's rating, indicating a default is highly likely in the near term. wall street a strong year to date rally. joining us is mohammed el-erian. it's always great to see you. >> thank you, melissa, what is most notable, things have returned basically to prebailout levels to friday close levels, et cetera. so in your view, have things changed substantially, your investment view from friday? >> the problem in grease is there's too much debt, too little growth. while the agreement helps a little, it doesn't get to critical matt. in the short term, and david spoke about this an hour ago, there's implementation risk. each of the three parties will have difficulty selling it. over the longer term, there has to be another agreement, because somehow greece has to deal with its debt level, which is still way too high and the growth just way too lowe. so the market i think is being very rational say it's a step, but not big enough yet. >> in the past what a company would have done is devalued the currency, the way ultimately -- i use that word a lot -- they would have reduced