the managing director of the german or brainy and chamber of commerce in tehran is bornstein who joins us now iran's brushing off these new sanctions as if they weren't heard obviously that's got to be political posturing because how dire is the economic situation for rainy is right now. yes well they cannot make situation right now it's really a horse you can say the sanctions or hit your own really direct lee there with regard to inflation this regard to currency devaluation this in regard to the unemployment situation is really really serious here in a country. is getting desperate the economy is shrinking inflation skyrocketing will these new sanctions make make such an impact that they force the leadership back to the negotiating table because that's the u.s. strategy here. yeah but you know it's it's hard to to predict because the sanctions are heart so forth so i don't think that any new sanctions will change the situation and you may not forget that this country and its government it's really trying to resist all this is a stretch from the outside though i don't think it will h

daniel bornstein. i'm the attorney for the project participant. we're asking for a continuance while we continue to dialogue with the tenant who has requested discretionary review, see that if we can negotiate a further potential resolution. >> clerk: which item? >> commissioner hillis: item 17. >> okay. thank you. >> so i move to continue items 4, 5 -- >> that's the consent calendar. >> excuse me. wrong page. items 1 and 3 to the date specified, item 2 to july 26 -- >> clerk: 25. >> commissioner richards: 25, since we've heard it once before. item number 13-a to august 29. that was the slot that 233 san carlos had, and item number 17 to august 29, i think they said. >> if i might, just for one moment, speak to the continuance dates. we had requested july 25. i didn't hear that in the motion. if the commission is inclined not to give us july 25, then we'd prefer to go into september because of some schedules and other issues. >> commissioner richards: okay. how about, then -- i appreciate that. how about september -- >> 12 would be the date. >> co

we'll get more on what it could mean for facebook, but first, let's go to julia bornstein for an explanationit will work hi, julia. >> well, tyler, facebook wants to make it easy to send money around the world, but facebook is not going to control the new digital currency that it announced today, called libra. this new currency will be managed from an association based in geneva, switzerland the currency, libra, will be based on an open-source blockchain so anyone can build applications on top of it. unlike bitcoin, it will be backed by real money a basket of currencies to limit its volatility facebook's play here is a new subsidiary it's creating called calibra, a digital wallet that will live on top of whatsapp and messenger as well as a stand-alone app. this new app aims to enable anyone to securely save money for free and to send and receive libra instantly around the world with no fees down the line, facebook plans to ad other financial services such as loans, which would generate new revenue streams for the social media giant now, facebook says it is working with regulators to get cali