a carveout and establish the balance that we know is right for pharmaceuticals the seen o'says o -- cbo says it has to be a pay-for. i said what? they said it has to be a pay-for because if patents are protected it costs society more money so you have to have a pay-for for the cbo to score it as zero. i said, well, hold on, i thought patents were a good thing? i thought patents created wealth? i thought patents were a central part of our note? why doesn't the cbo say well if patents are being destroyed, people are not going to invest, there will be less jobs, less productivity, less money, therefore we'll score positively. but our system is so crazy we have to pay so that we can reestablish the right to have a patent with a reasonable competence it will survive. >> i hope congress gets one of your coins before too late. [ laughter ] i hope i get one of your coins, it sounds awesome. thank you so much. it's been a wonderful conversation. [ applause ] >> thank you very much indeed, dennis, andy, i can't add anything to that except to say if washington pursued your no jerks policy we might

the cbo with any large policy or any large law, the cbo calculates the effect on the economy. one of the things they measure is the effect on labor markets. so in the case of the affordable care act, there are lots of new policies in effect including most significantly, the availability of insurance subsidies, credits from the federal government to help you buy health insurance. that will encourage a reduction in the work force. the largest reduction, almost half of the total, comes from just the pure existence of subsidies to buy health insurance. it used to be people would take jobs just to have health insurance. they might not like the job very much but they would stick with it because they need the coverage. now thanks to the affordable care act, you don't have to be in a job you don't like just to maintain health insurance. so the congressional budget office actually expects some people to leave their jobs, do something else with their time, and they will be able to get health insurance through the new affordable care act program. >> what are they saying about employers a

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dhr also developed and distributed to the cbo's a list of job classifications that qualify as rule 115 placement and listing of city wide internships. we continue to collaborate to the match potential candidates. dhr in conjunction with the advisory panel are working on revising outreach brochures and ubidating the dhr website. with assistance of the ace recruiter we will findize the language and formatting and we continue to network with community based organizations and advise them to join on going meetings. arafter the materials are finalized we will provide educational forms to job developers at different community based organizations and incorporate information about city employment of people with disabilities in existing city training programs. also rsh we will plan for the development and delivery of disability awareness training to city employees. we made good progress over the past month and have a great partnership with the advisory panel but have more work to do. i'm exciting for it additional resource squz opportunities to employ people with disabilities y. look forward to

provide interventions if requested >> i think that is why we are trying to be flexible and keep our cbo partners, the schools and other people in the loop and as part of our response because that immigrant child where we have confidentialalty issues and what the family thinks they are doing, those are kids maybe we should contact at the school in the wellness center and dhat is the only way we have contact with them. the traditional age use have other issues where they have access. it will be have to be tailored to the population in each clinic but that means people have to be nimble and know their options and now i don't know if we have a good enough menu of options to be flex #b89 ability. >> i have so many questions but i think what i'll ask is we heard this at the community population health committee but may ask we come back sooner to get a more details assessment. i have always known std issues are important from a public health perspective but relative scale of overdose obone end and getting to zero on the other, the community thought is my hiv is being treated, so std's, what do

my concern is that the cbo did a a study pointing out the marginal tax rate that the affordable care act essentially u puts a marginal tax rate upon the employer providing employment. . if someone is working full-time, you have to pay more to give them insurance and that effect is seen most profoundly upon the lowest kwin tile of workers. would you agree with all that? >> so i think it's the data that you presented is interest. ing. i'm not aware we have tried to monitor ourselves, but others have looked at the impact of the affordable care act. i'm not aware that it has had a very large effect on the phenomenon we're talking about. of course, it's worth monitoring going forward. it is important to note that the degree of involuntary part-time employment has declined quite a lot as the economy -- >> but not in the lowest kwin tile. is that a fair statement? that data shows that it persists in that lowest kwin tile. >> it does, but it's diminished. >> but still far greater than this point in previous recoveries. >> yes, i think it is high. >> let me ask, i'm looking at something from

emergency management public works and area our economic & workforce development office including our faith cbo community and penguin and others we've been explicit expecting some big storms to come our way as conversations with meteorologists i think that's their property name and scientists warn us of the el nino storms that are coming here that will certainly our city and our area will be a focus of what necessary expect to be flooding i haven't seen any rain yet but i want to be and so our department desirable reduce if we lucky we'll be offeringly prepared we deal with unexpected dangers about you it is good he appreciate the departments and our direction coming together and doing everything we can to prepare not only themselves and their operations but to the public to the medium large and small businesses particularly to the residents for most now we know that with the exceptions we've been working in the private segment and public sector as well as with the faith based partners to make sure we're all ready and reemphasis that everyone should continue at their time when there isn't a big

cbo did a is that the study pointing out the marginal tax rate that the affordable care act essentially puts a marginal tax rate upon the employer providing employment. if someone is working full-time, you have to pay more to get them insurance and that affects the lowest quintile of workers. would you agree? chair yellen: i take it the data you presented is interesting. i'm not aware we have tried to monitor ourselves, but others have looked at the impact of your portable care act. -- the impact of the affordable care act. i'm not aware of this effect we are talking about. monitoring going forward, it is important to note that the degree of involuntary part-time employment has declined quite a lot as the economy -- >> not in the lowest quintile, is that a fair statement? that data shows it persists in that lowest quintile. chair yellen: it persists, but it is diminished. high.disproportionately >> let me ask. fromlooking at something the letter and the galley from suggests that rising costs for health benefits may prompt employers to shift towards part-time work to hold labor costs dow

emergency management public works and area our economic & workforce development office including our faith cbo community and penguin and others we've been explicit expecting some big storms to come our way as conversations with meteorologists i think that's their property name and scientists warn us of the el nino storms that are coming here that will certainly our city and our area will be a focus of what necessary expect to be flooding i haven't seen any rain yet but i want to be and so our department desirable reduce if we lucky we'll be offeringly prepared we deal with unexpected dangers about you it is good he appreciate the departments and our direction coming together and doing everything we can to prepare not only themselves and their operations but to the public to the medium large and small businesses particularly to the residents for most now we know that with the exceptions we've been working in the private segment and public sector as well as with the faith based partners to make sure we're all ready and reemphasis that everyone should continue at their time when there isn't a big

rand stimulus spending and it has come down but the cbo says it starts back up we will be that closeo $1 trillion deficits. >> so the payments that cannot be paid are entitlements plus the interest and we have promised to pay old people more money than we have and my a economic theory is that people anticipates that. with massive inflation. >> because we are the best horse in the glue factory ribeiro is not dead good bet nobody is buying the of approval so they're willing to lend money at a lower interest rate. john: the rest of though world is worse we are okay. >> that will not last forever but everyone% increase adds $1 trillion to the devil to the we will pay interest at a rate that squeezes out all other investment. john: in 70 years entitlements and interest will eat all our taxes there is nothing left for defense or social programs. >> a government sends checks to all people with little or may we cannot do anything else. john: but older people vote and politicians are terrified. >> and they're easy to scare face up to the fact for the yen on behalf whole ashley young people we

this appears to be part of the cbo sees stress test to manage expectations for depreciation ahead of the fed move. yvonne: thanks so much. investors taking on a lot of risk appetite ahead of the fed decision. david is looking ahead at what we should be watching. it is the final countdown, what is on this list? >> finally we are here. let's point out that the odds are for a rate hike happening early morning in asia tomorrow, 76%. most investors are positioning as if the fed will move, which highlights the risk of a turbulent session. watching, a we are story on the website, on the , i've summarized the 4.4 you of what we are expecting to see. we will have a post-meeting statement. four ofe summarized the them for you and what we are expecting to see. we will have a post-meeting statement. expect every word to be scrutinized, specially guidance and trajectory for future rate hike's. s. you will have inflation targets, and whether they do link them. how much they considered what is happening outside the u.s., and even the recent job in junk bond yields. equally important, third point, t

if you don't mind my quoting what cbo wrote in scoring this bill they said as follows. it's important to noted that the transfer of surplus funds from the federal reserve to the treasury has no import for the fiscal status of the federal government although federal budget accounting does not recognize additions to the federal reserve surplus account, as revenues, such additions have the same effects as if they had instead been paid to the treasury and were counted as revenues. transfer of those funds would have no effect on national savings, economic growth or income. so in effect by taking our surplus we -- our holdings of u.s. treasury securities declines and the interest we would earn on those securities would be money that would be transferred every year for many years to come back to the federal covers. and by taking the surplus now, you are diminishing the stream of revenues into the federal budget over many years. now, a central bank differs from a commercial bank and the role of capital is somewhat different. but almost all central banks do hold some capital and

according to the cbo's estimates, the fed is tightening at an earlier stage than they ever have beforee last few decades. that sense i agree with austin and with a bunch of other commentators in the past few days who said that it seemed inevitable that it wasn't .ecessary >> from the date left off to the day it slackens off, the unemployment curve drops off. to think that you are tightening and i don't think anyone at the fed does think that. the other point is this. it's true that u.s. economic growth has been disappointing, but the disappointment has been on the supply side, and that is not something the fed can deal with. the fact that the unemployment rate keeps dropping tells you growth is enough to stabilize the unemployment rates. it's the worst in 60 years, but it's not clear that something from monetary policy is in a position to address. scarlet: it seems like the fed dashboard was pretty big when determining lift off. we finally got it done but they were looking at a whole bunch of different metrics. for the rest of this tightening cycle, does the dashboard expand even more,

. >> this is from the cbo. more immigrants would lower the deficit -- >> that's nonsense. >> they pay into the social security system. >> no they don't. >> but they often don't take it out, especially if they're illegal. >> yes -- >> the national research council, the typical immigrant imposes a net fiscal cost of $3,000. that's what you're talking about. but the descendants of the immigrant have a positive contribution of $83,000. >> no, no, no. this is absolutely ludicrous. >> the national research council, they're smarter than you. >> no, they aren't. they're liars. they're bigger liars. >> anne coulter, always refreshing even when she's wrong. coming up, isis and crime, how do we fight both? the only way to get better is to challenge yourself, and that's what we're doing at xfinity. we are challenging ourselves to improve every aspect of your experience. and this includes our commitment to being on time. every time. that's why if we're ever late for an appointment, we'll credit your account $20. it's our pr

. >> this is from the cbo. more immigrants would lower the deficit -- >> that's nonsense. >> they pay into the social security system. >> no they don't. >> but they often don't take it out, especially if they're illegal. >> yes -- >> the national research council, the typical immigrant imposes a net fiscal cost of $3,000. that's what you're talking about. but the descendants of the immigrant have a positive contribution of $83,000. >> no, no, no. this is absolutely ludicrous. >> the national research council, they're smarter than you. >> no, they aren't. they're liars. they're bigger liars. >> anne coulter, always refreshing even when she's wrong. coming up, isis and crime, how do we fight both? ♪ i built my business with passion. but i keep it growing by making every dollar count. that's why i have the spark cash card from capital one. i earn unlimited 2% cash back on everything i buy for my studio. ♪ and that unlimited 2% cash back from spark means thousands of dollars each year going back into my business...

and my concern is, is that the cbo did a study pointing out the margin al text rate of the affordable care act, essentially puts it upon the employer, providing employment. if someone is working full time, obviously you have to pay more to give insurance, and most profoundly among the lowest quintile of workers. would you agree with all that? >> well, so i think the data that you presented is interesting. i am not aware we have tried to monitor ourselves, but -- and others have looked at the impact of the affordable care act. i'm not aware that it has had a very large effect on the phenomenon we're talking about it. it's of course worth monitoring going forward. it is important to note that the degree of involuntary part time employment has declined quite a lot -- >> but not in the lowest quintile, is that a fair statement? that data which is from the bureau of labor statistics shows that it persists in the lowest quintile. >> it does persist, but it's diminished. >> relatively speaking, but still far greater than this point in previous recovers. >> yes, i think it is disproportionate

former cbo director doug holtz-eakin. also president of the american democratic forum.ortunity lives is a gop strategist. thank you to all. liz, first to you, is this albatross around hillary clinton as she goes into the campaign? >> i don't think it is an albatross. i definitely think it is something she needs to pay attention to. the truth we're at 5% unemployment. we've created 12 million new jobs. david: i understand, i get all that. that is the talking point. but liz, focus on this. how does she deal with the fact that 37% of the people don't believe we've had the hope and change the president spoke of? >> well 63% of the democrats actually believe that president obama has done exactly what he said he would do. 67% of republican don't think he has and they will never vote for hillary clinton anyway, john, let me just give liz one point, which is the wrong direction charts back in 2012 were all going in the wrong way for president obama. and yet he won re-election by sizable majority. so, i don't know, do the polls say one thing and people vote differently or what?

this latest piece of legislation, according to the cbo, if it were to pass, it would actually prevent 22 million americans from getting health insurance. >> the white house is expressing some frustration that two gun control-related amendments did not pass last night. julie? >> so how did the senate manage to pass this, mike, when they usually need 60 votes to advance a bill? >> this time with a procedure call budget reconciliation they needed 51 votes. it would repeal the medical device and cadillac taxes. scrap the individual and employer mandate fines and defund planned parenthood for one year. the house voted 61 times to repeal or scale back obamacare. democrats in the senate protected the senate by blocking previous attempts but top senate republicans say this vote is a victory for the middle class. >> we will vote to build a bridge away from obamacare and toward better care. we will vote for a new beginning. we hope the house will again do the same and then president obama will have a choice. he can defend the status quo that's failed the middle class by vetoing the bwill or wor

are you familiar with a study done by douglas holts eakin, a director of the non-partisan cbo. >> the study on -- >> all right, you're probably not. it was done in 2014. let me give you the ultimate conclusion. it says the following "if an asset manager proposes that represents, rather, no systemic risks to the markets or the economy, if they're so designated as a sifi, then the costs will go up, the product offerings will go down and the long-term rate of return for savers, for their retirement and putting their kids through college will likely go down 25%. now also in 113 of the dodd-frank there are other risks you should consider. do you folks consider the risk to the small investor, a nurse in lewiston, maine, or a logger in dover-foxcroft, maine, that are trying to save money for their retirement or for the kids' education? are you considering the risk to them if the asset managers that run their money are so designated as sifi and they get dinged by about 25% in their rate of return? do you consider that? >> we have not made any -- even been given any potential recommendations s

provide interventions if requested >> i think that is why we are trying to be flexible and keep our cbo partners, the schools and other people in the loop and as part of our response because that immigrant child where we have confidentialalty issues and what the family thinks they are doing, those are kids maybe we should contact at the school in the wellness center and dhat is the only way we have contact with them. the traditional age use have other issues where they have access. it will be have to be tailored to the population in each clinic but that means people have to be nimble and know their options and now i don't know if we have a good enough menu of options to be flex #b89 ability. >> i have so many questions but i think what i'll ask is we heard this at the community population health committee but may ask we come back sooner to get a more details assessment. i have always known std issues are important from a public health perspective but relative scale of overdose obone end and getting to zero on the other, the community thought is my hiv is being treated, so std's, what do

provide interventions if requested >> i think that is why we are trying to be flexible and keep our cbo partners, the schools and other people in the loop and as part of our response because that immigrant child where we have confidentialalty issues and what the family thinks they are doing, those are kids maybe we should contact at the school in the wellness center and dhat is the only way we have contact with them. the traditional age use have other issues where they have access. it will be have to be tailored to the population in each clinic but that means people have to be nimble and know their options and now i don't know if we have a good enough menu of options to be flex #b89 ability. >> i have so many questions but i think what i'll ask is we heard this at the community population health committee but may ask we come back sooner to get a more details assessment. i have always known std issues are important from a public health perspective but relative scale of overdose obone end and getting to zero on the other, the community thought is my hiv is being treated, so std's, what do

provide interventions if requested >> i think that is why we are trying to be flexible and keep our cbo partners, the schools and other people in the loop and as part of our response because that immigrant child where we have confidentialalty issues and what the family thinks they are doing, those are kids maybe we should contact at the school in the wellness center and dhat is the only way we have contact with them. the traditional age use have other issues where they have access. it will be have to be tailored to the population in each clinic but that means people have to be nimble and know their options and now i don't know if we have a good enough menu of options to be flex #b89 ability. >> i have so many questions but i think what i'll ask is we heard this at the community population health committee but may ask we come back sooner to get a more details assessment. i have always known std issues are important from a public health perspective but relative scale of overdose obone end and getting to zero on the other, the community thought is my hiv is being treated, so std's, what do

we kept an actual cbo scored budget and all of our proposals on taxes we had scored by the official scores in congress, set the point of the election in 2000, everyone knew how much the bush tax plan would cost. they knew distributional's weather how much was going to the rich, how much was going to the poor. you knew about problems like that in p and that's not to say you like the tax plan are not, but it was an honest way of saying it that things are out there. so, when we started, governor bush as when he was in texas, had run on four things and he had kind of had for a congressmen's and one of the bigger one was cutting taxes and so that was something he believed in and was going to be more part of the campaign. so, what he did was assembled a team of 10 very prominent outside economists who included to past cea chairman, former federal reserve governors, two former top officials and charged them with a developing a tax plan that was both something that could eventually become law , but also something that would be more enough to survive a steve forbes like challenge from the right dur

, i'll not be supporting but those who said don't go away this will in my view a procedural step to cbough because they've changed the law any state held charter goes back to 9 chapter that denied them in the first place that's what we're doing. >> commissioner fewer. >> thank you, everyone that came out today so i went back to visit and spent hours thank you to the principal for spending some of her valuable time and explain about this school i just must say in general i'm not in favor of the chart schools i believe if you're part of public education system we believe you're part a greater social change whether or not you, you like that every family and every board members or administrator you're a part of a large social change we're educating the future of this world so i believe that bringing everyone up on that don't believe that in small parts of society being picked to be in a certain learning environment and then they're successful and then we get comments that say that that led others to building you can't be successful in a public school in san francisco i want to say that you

in the first time we help especially children as you sit here remember to be a successful it is not cboher money need you no matter how smart not smart enough i've spoken about leadership what is leadership so let's look at was it isn't i spoke when he met at the academy management so not leadership management deals with routine not to take anything away from good management and you'll have to dwo do a lot more management but management management is not leadership there is no leadership need it is a distofrtd that leadership is require in a law enforcement around the country is a distortion and will take our leadership to get us to a better place but the leaders don't manage people they monitor them leaders don't follow the rules as they are without question and set out to make better rules when needed leaders are looking for the replacements the future of the san francisco police department is on you it is not about what a leader can do himself or herself but accomplish with our violation and support whether you make sure that when people do a job get the credit it is about the balanc

, i'll not be supporting but those who said don't go away this will in my view a procedural step to cbo've changed the law any state held charter goes back to 9 chapter that denied them in the first place that's what we're doing. >> commissioner fewer. >> thank you, everyone that came out today so i went back to visit and spent hours thank you to the principal for spending some of her valuable time and explain about this school i just must say in general i'm not in favor of the chart schools i believe if you're part of public education system we believe you're part a greater social change whether or not you, you like that every family and every board members or administrator you're a part of a large social change we're educating the future of this world so i believe that bringing everyone up on that don't believe that in small parts of society being picked to be in a certain learning environment and then they're successful and then we get comments that say that that led others to building you can't be successful in a public school in san francisco i want to say that you can get a great

detract but to have our corridors not climatey or exclude the majority is a bad strategy to put this cbopective 15 retail shops and 6 companies and one hotel and at focusing 12 million visitors are not from the state of california this business will including exclude people walking this is not in keeping with the floor and undermines the planning commission to bring the shopping experience to the corridors in support of parklet fisherman's wharf public plan from 2010 it is part of ream and mixed use plan currently being worked on a holistic view of the wharf to make sure our demographics to attract the right kind of businesses for 12 million investors the letters for the dispensary allowed at this location decades when the wharf was industrial had railyards and no businesses supported this and the fact that is a neighborhoods this is not a neighborhoods serving district the walgreens and other don't contain pharmacies no one is advocating one of the last places for stone town and candle stick point we have the zone for this reason we need the conditional use authorization to look at our

the fastest growing expense by the cbo would be interest. a combination of more dead.xpected normalization of interest rates. what do you get for interest? nothing. neil: we are not going -- i am paraphrasing. we may keep rates lower than we think we should other wise be. maybe a rate hike or two. >> i think what she is saying they will not do what they did back in the early 90s. they increased the discount rate. an extended period of time. i think they will be more cautious. you will probably see more than one hike. they need some room. they do not have any room to be able to do anything right now. i do not think that they will do too much too fast. i do not think you will see a series of rate increases over an extended grade of time. >> you think that the rate hike is justified. >> i think that it is likely. yes. yes, sir. i will answer your question very directly, neil. neil: okay. that is what i admire about you. >> i just did. i came back. i think it is justifiable. they need to be cautious. neil: thank you, my friends. janet yellen. issue close? ending up her rub

are you familiar with a study done by douglas holts eakin, a director of the non-partisan cbo. >> the study on -- >> all right, you're probably not. it was done in 2014. let me give you the ultimate conclusion. it says the following "if an asset manager proposes that represents no systemic risk to the markets or to the economy, if they're so designated as a sifi then the costs will go up, we've discussed this today, the product offerings will go down and the long term rate of savers for their retirement and putting their kids through college will likely go down by 25%." now also in 113 of the dodd-frank there are other risks you should consider. do you folks consider the risk to the small investor, a nurse in lewiston, maine, or a logger in dover-foxcroft, maine, that are trying to save money for their retirement or for the kids' education? are you considering the risk to them if the asset managers that run their money are so designated as sifi and they get dinged by about 25% in their rate of return? do you consider that? >> we have not made any -- even been given potential recommend

exception of driving along 20s gets a view the building not o oblique this was suggested in the p pa to cbo through the building and have a view of the hides that is relatively banner hillside not being seen with exception of someone parks on the 20s with a parking jam we createds breaks and have created individual portions to the building 25 feet wide they're they call for thirty feet high one open deck cutting all the way through it is possible we can potentially create that into the other portions the building and break it into distinct portions. >> mr. kelly you were organized opposition with the former commission want to see a continuance what will you do. >> well try to give teeth to what applies in the guidelines we we have two promotions we remember arguing with the potential guidelines we don't intend the design guidelines to be a composition architect we want to see different drawings you have half a dozens of people coming by in the next year or so and is this what is is that is this a way to justify the existing plan to justifies to the natural tape grateful all the design we kn

in the first time we help especially children as you sit here remember to be a successful it is not cboher money need you no matter how smart not smart enough i've spoken about leadership what is leadership so let's look at was it isn't i spoke when he met at the academy management so not leadership management deals with routine not to take anything away from good management and you'll have to dwo do a lot more management but management management is not leadership there is no leadership need it is a distofrtd that leadership is require in a law enforcement around the country is a distortion and will take our leadership to get us to a better place but the leaders don't manage people they monitor them leaders don't follow the rules as they are without question and set out to make better rules when needed leaders are looking for the replacements the future of the san francisco police department is on you it is not about what a leader can do himself or herself but accomplish with our violation and support whether you make sure that when people do a job get the credit it is about the balanc

detract but to have our corridors not climatey or exclude the majority is a bad strategy to put this cboive 15 retail shops and 6 companies and one hotel and at focusing 12 million visitors are not from the state of california this business will including exclude people walking this is not in keeping with the floor and undermines the planning commission to bring the shopping experience to the corridors in support of parklet fisherman's wharf public plan from 2010 it is part of ream and mixed use plan currently being worked on a holistic view of the wharf to make sure our demographics to attract the right kind of businesses for 12 million investors the letters for the dispensary allowed at this location decades when the wharf was industrial had railyards and no businesses supported this and the fact that is a neighborhoods this is not a neighborhoods serving district the walgreens and other don't contain pharmacies no one is advocating one of the last places for stone town and candle stick point we have the zone for this reason we need the conditional use authorization to look at our cons

and not only that, cbo it come out with a study that muddied the water and his whole speech that we were come with a would help sort of frame the debate, explain what was at stake. so it's not exactly an example of where we turned it but how events can sort of foil the good players. >> clark and then mary kate real quick. >> go ahead. >> the example i can think of from the bush administration is you may recall in 1988 convention address, there was that one line about 1000 points of light across the night sky. it made it into his inaugural address. peggy noonan was response of for both of those. once got into office the idea of the points of light which start out as every sort of nice idea that people that would come to nothing, grew and grew. there was one particular sentence that had to be in every speech that had anything to do with the subject of which is from now on in america any definition of a successful life must include service to others. and george bush, his last speech as he left office, he said we can talk about the treaties, the legislation, the end of the cold war, all sort

even the cbo, the congressional budget office, has recognized an increase in the use of medicines and medicare will lead to cost savings elsewhere in the system. so, let me just summarize by saying the issue that we're discussing here today, the shift toward value-based payment, is a good example of how it is that we can drive to the kinds of goals that we want. better patient outcomes for lower costs in a way that's sustainable for all participants in the health care system, so thank you. >> all right. thank you very much. steve? >> yes, susan, thanks for having me. again, i want to thank hhs for having this forum today. this is, as ken said, hopefully the beginning of a discussion that we all need to have. as you've heard already today, pharmaceuticals are the biggest challenge in health care right now. that is, it's the most rapidly rising cost in all of health care. and while we're paying $300 billion today, that's going to go to $400 billion to $500 billion over the next several years. we need a sustainable system. we need a system that rewards the pharmaceutical manufacturers an

the most dangerous for pedestrians along mission and 14 is a one-way street with two-time lanes that cbo intron mission having the bulb close up the distance third two double left turn lanes to 13 eastbound we would like to see one of those removed this is dangerous for pedestrians all thank you. >> thank you. >> thank you. next speaker, please. >> >> /* (calling names). >> all to address you to something that directly effects the taxi drivers regarding the cab stands being proposed right away right now a cab stands near the brt station and 2 on 24th street bart's both of them are occupied by private cars 9 percent of time i'd like to know how you'll create a cab stand from the intersection we'll be able to use it and alone keep it empty so the cab can pull in i want to say we don't need a cab stands one of the members of the staff removed a popper stand in the castro that is used when cars are not parked there and now put a cab stands we'll not be using at all one in front of the the bus son it on the west side of the mission and the 24th street you canned see the sign it is occupied by

if you don't mind my quoting what cbo wrote in scoring this bill, they said as follows, it is importantnote that the fa transfer of surplus funds from the federal reserve to the treasury has no import for the fiscal status of the federal government. federal budget accounting does not recognize additions to the federal reserve surplus account as revenues, such additions have the same effects as if they had, instead, been paid to the treasury and were counted as revenues. a transfer of those funds would have no effect on national savings, economic growth or income. so, in effect, by taking our surplus, our holdings of u.s. treasury securities declines and the interest we would earn on those securities would be money that would be transferred every year for many years to come back to the federal coffers. by taking this surplus now, your dil diminishing the stream of revenue over the budget for many years. a central bank differs from a commercial bank and the role of capital is somewhat different. almost all central banks do hold some capital in operating surplus. holding such a surplus or

the cbo, congressional budget office says it will a rink the workforce by 2 million jobs in 10 years.martha: record number of isis arrests in the low 80s in this country. so what is the road to radicalization, how isis is using social media and personal interaction to bring people tightly into their web. bill: is the media focusing too much on donald trump, he dominates coverage. >> rethanks from our leaders and elected officials was nothing compared to the nonstop insaysent drum beat of media outlets who first booked donald trump to appear on their shows l then played the interviews all day long. with soft dual leak guard barriers and a discreet fit that hugs your curves. so bladder leaks can feel like no big deal. get your free pair and valuable coupons at always discreet.com hand apparently, they also lovee stickers. g. what's up with these things, victor? we decided to give ourselves stickers for each feature we release. we read about 10,000 suggestions a week to create features that as traders we'd want to use, like social signals, a tool that uses social media to help with resea

emergency management public works and area our economic & workforce development office including our faith cbod penguin and others we've been explicit expecting some big storms to come our way as conversations with meteorologists i think that's their property name and scientists warn us of the el nino storms that are coming here that will certainly our city and our area will be a focus of what necessary expect to be flooding i haven't seen any rain yet but i want to be and so our department desirable reduce if we lucky we'll be offeringly prepared we deal with unexpected dangers about you it is good he appreciate the departments and our direction coming together and doing everything we can to prepare not only themselves and their operations but to the public to the medium large and small businesses particularly to the residents for most now we know that with the exceptions we've been working in the private segment and public sector as well as with the faith based partners to make sure we're all ready and reemphasis that everyone should continue at their time when there isn't a big flooding goi