and the result of those changes as well as the salary and fringe changes that we're expecting to see city-wide can be seen in our chart here which is the same pie chart you saw a few minutes ago showing our operating budget by division. you can see that the proposed budget is currently at 12,87 2,580 dollars, or 12.9 million to use round numbers. so, it is essentially the same as this year's budget. the supervisors offices comprise 52% of the budget. the clerk of the board 25%, very similar to the 50 and 24% that we're seeing in the current year. and those costs will be 6.7 million and 3.2 million. the budget and legislative analysis services we are budgeting at the same $2 million for the current year, 13-14 and 14-15 as well. one change that you may notice is the assessment appeals board has gone from just over 100,000 to approximately 600,000 and that is from removing the one-time project funding for our assessment appeals board tracking system. the youth commission and the sunshine ordinance task forces are, again, -- excuse me, 2% for the youth commission and 1% for the sunshine

change seats, change seats. yeah? okay. see what i had this change in, gang? change in. i'm getting tired of writing change in. ain't gonna write change in anymore. i'm gonna use a greek symbol for change in. what's the symbol, gang? - delta. - delta, that's right. so i'm gonna write that from now on as f multiplied by t equals change in. get it? delta mv. this is what we're gonna talk about today. so this delta mv, that's delta momentum. we have a name for force times time. what's the name of the force of an object multiplied by the duration of time in which that force acts? we have a name for that. it's not so common a name as this one, but see if you sit next to someone who knows what is the name of force multiplied by the time during which that force acts. go. talk it up. what is it, gang? impulse. what's the name of this? what? - impulse. - impulse. all right. impulse. okay. so we write. impulse equals change in momentum, that's what we're gonna talk about today. you wanna change the momentum of something then you have to apply an impulse. what's an impulse? that's

changes? >> so, planning -- staff recommends that you direct us to come back with separate legislation that would do two things. one, add two additional parcel that would be up zoned to 65 feet in a manner consistent with the market octavia plan. there are two additional corner parcels there that are not historic resources that we believe could be 65 feet. and then the second is to correct what we believe is an error within the nct whether it be 7 parcels that has a 60, 65 foot height designation and two that have a 50-55 foot height legislation. and that would be separate legislation initiated by you. >> great. well, if it's appropriate, i'd like to make a motion for approval. and i would just add the following things that i'd alluded to those in my conversation, that we would allow the provision for off-site full-service food service at other nc districts throughout the city that apply to the criteria here. and then we would remove the sunseting * for this specific instance here that was i b

but there have been changes. many work from home because there's little investment in the local factory because of the security situation. >> traditionally, the economy here is connected with this handicraft and continues to feed families here. they are very lucky in other parts where people tend to extremism because of a lack of employment. >> as a night draws an, the sounds of the silversmith at work subside. all hopes that the violence that have engulfed many other parts of the country will stay far away from these mountains. >> as the u.s. with alec can fight its obesity at the back, a powerful group of food makers is tried to keep junk food is cheap as possible. they spent huge amounts of money to lobby politicians for favorable regulations. in a look at the impact fat wallets are having on the obesity epidemic in america. >> the standard american diet is relatively inexpensive, convenient, and satisfying. whether it is highly marketed fast food or highly processed and packaged foods at the supermarket, what

that changes us in very profound ways. it change it's the global economy. it creates fantastic new opportunities. also vulnerabilities but on balances is a very positive development. it is as you have noted in the way you frame the question going to have profound implications for health care. the self-quantification movement, the use, the combination of the digital devices and the network on the one hand and the new genomic and proteomic medical advances on the other will completely, completely revolutionize health care. it's beginning now. it's something called predecision medicine that i write about in the book. and actually in virtually every walk of life we're going to be seeing continued revolutionary changes. that sounds forbidding but this is 9 future. and we need to plug into it. and we need to make some choices about how to preserve human value. we talked about privacy. we talked about kmurt. there are other values. in the biological revolution which in chapter 5 is the reinvention of life-and-death we have become the personal agents of evolution.

activist held note of climate change skeptics. >> the government can't change the weather.stroy our economy, but it isn't going to change the weather. >> all those climate change activists in d.c. want the president to talk the keystone pipeline. it will most likely add to our collusion problem, which in part causes global warming. that pipeline will create jobs and further energy independence and yeah, gas prices are now $3.73 a gallon. is now the time for climate change legislation? >> yes. obama can do a lot about climate change. he needs to start simple. he needs to take a bold idea that he and john mccain were pitching around in 2008, which is a promise to change all the delete of cars. the reason we can't get substantive climate change is because we can't convince the car industry that it makes sense financially. obama can do a lot. he should do something that provides jobs and cleans the air, not just talk policy. >> that sounds so simple, anna. >> it sounds simple, but it's not. good luck trying to pass any legislation through congress that doesn't come from congres

each one teach one, each one reach one, we change policy, we change practices, we change values. there is a map, there is a way we can do it. we're already doing it, let's not lose sight of it, but we have to be more focused, more clear and more collaborative and not forget to really empower our children. they are our best hope for changing the world. >> hello, my name is chris bridges. i'm grappling with trying to address several things that i've heard during the course of this program. i'll try to keep it as brief as possible. it's more of a statement than a question. a lot of people have mentioned power, the power balance between people and the trauma that people can bring in from outside and the significance of being traumatized and traumatizing other people and it also talked about restoretive justice being a model. i know we're in a room filled with district attorneys and police officers, law enforcement. i'm curious what role law enforcement can play in restoretive justice, what can be imparted as groups of people who may or may not be connected with the trauma. once you a

it has changed and it is some of the areas of change where i am asking for the architect to continue working with the department in order to achieve some of those objectives, which in particular in 2010 were expressed quite strongly by the commission. and that is that one of the rules which encourages taller buildings in downtown to distinguish between the base, the middle and the top. we have lots of definitionses, particularly on the base and the middle of the building. that's become a much flatter facade, expression. and i would suggest that gets reexamined to really deal with the historic street ball and what we use to track as a cornice line. this building doesn't have a cornice line, but establish a distinct banding above the fourth floor. or to remind us of the lower street, one of the historic buildings which we have moving west on howard street. the other point is that the building is not code compliant. it asks for a number of exceptionses based on the design of the building in 2010. * this commission supported the exceptions which are posed to us today. you have to allow y

what would change? >> there have been changes. economically, there have been changes. from my perspective, they have not been -- they have not been significant. if you replace castro with a younger generation, those changes might speed up. the u.s. relationship with cuba is codified in u.s. law. there would have to be some real changes on the island towards democracy for u.s. law to change. that limits the extent the u.s. could move it in terms of the change in the relationship. >> that will be an interesting speech on sunday. i am sure you will be watching. there is something else interesting happening on sunday. it is time for that quest for oscar gold. against all odds, a short films from afghanistan has been nominated for academy award. the film is part of the new initiative to help get filmmaking off the ground and that country. the two boys who starred in the film and their long journey to hollywood for the ceremony. >> still looks like a war movie, but it is a story about hopes, it trains, and destiny -- dreams, and destiny. for these two boys, a very different

. >> our microclimates are changing. our warmest months of the year andhs, itst months, it has to do with the microclimates. >> spencer christian, "abc 7 news" weather. >> a typical winter scene would be several consecutive days of heavy rain that would produce flooding, mudslides, road closures outapower outages. ♪ ♪ >> one of the most recent lightning storms, we had over 200 lightning strikes showing up. over the last two decades i've covered weather, i don't remember the lightning storms being that intense. >> the extremity of the weather takes an upturn. we had four storms in seven days, that is unprecedented. we haven't seen that much rain in a long time. >> back in the december 1995, it was a ten on the index. it was recorded in 63 years now. with that storm, we saw wind gusts on angel island up to 93 miles an hour. on the peaks over hundred miles an hour. they blow down trees and power lines and you have flooding. you have all those impacts. >> lisa argen, "abc 7 news" meteorologist. >> we are seeing early storms

obviously other changes, smaller changes are made less frequently. i don't have a broader sense i'm afraid of what sorts of changes should be made. part of the point here, though, we are confronting now in our country changes of a sort that we have not had to make in the past. when one looks back over the last 40 years and leave aside the effects of the recession, if you look at the two decades before that, we had spending on social security and the major health care programs that was offset as a share of g.d.p. by decline in defense spending. we made budget room for extra spending in those programs in the past by reducing the share of the economy's resources that are being devoted to defense. that's not a strategy that can be repeated in that magnitude over the next 40 years, because defense spending has come way down as a share of g.d.p. and because of demographic pressures and the spending of those programs are so intense. we had never really confronted i think quite the pressure to either change spending or to raise tax revenue in the way we are

seeing the change that needs to happen in the catholic church, to remain part of that structure for change, and i see that as part of my own mission. tavis: do you think there are enough voices like yours in this country and around the globe to actually see some of those progressive changes the route? >> i think there are. i think there definitely are. you know, the way the structure is set up, and certainly this is an interesting time, the new inquisitions era in the catholic church. people know that if you speak out, you are going to be limiting your job opportunities, right? you could lose your job. you could be refused appointments, or you could be excommunicated from the church. these are very real threats, and this is the way the vatican has sought to keep this movement from growing, but they have not been successful. people are retaining their power. they have not allowed the structure themselves to have power over them. what does it mean to stand up? what does it mean to stand in solidarity? how do we work to make these changes? and that is happening. tavis: what would you say -- i

so sales tax was a proxy i would summarize from what mta changed, how they changed it back in the 1989. but going forward, bart has just -- we viewed this as a contribution that we're willing to make and we have done that. so, we're willing to continue to make the contribution. >> okay. seeing no other questions, thank you very much. like to open up to public comment if there are any members of the public that wish to comment on items 7 and 8, please step forward. mr. paulson. >>>♪ looks like a lovely feeder bart feeder money made. you're going to take my money away when you come and take the money away standing by a feeder meter and you're going to get a glimpse of a money reader and you take my money away and how am i supposed to, if i don't have the money, give back give back give back to where my bart belongs get back, get back and they help bring the budget along budget left his home in [speaker not understood] zone and you have to have it back right knack get back, bart get back to the fast pass track get back get back you're gonna have a fast pass last ♪ i want to lastly say...

that climate change was real. >> climate change poses a growing danger. >> the risks of climate change are real. >> but since then, a successfl campaign has been waged to introduce doubt about the science. >> this massive global conspiracy to make a certain case. >> if you pay scientists enough money, they'll find what you want them to find. >> they are cooking the data. >> scientific malpractice. >> do you think the science is being hyped on global warming? >> oh, very definitely, yes. >> correspondent john hockenberry investigates. >> the politics have gotten to the point where people just don't want to listen to science. >> how did it happen and who's behind it? tonight, "climate of doubt." >> frontlinis made possible by contributions to your pbs station from viewers like you. thank you. and by the corporation for public broadcasting. major funding is provided by the john d. and catherine t. macarthur foundation, committed to building a more just, verdant and peaceful world.additional funding is provided by the park foundation, dedicated to heightening public awareness of critical i

folks changing their flights. a lot of folks going to the grocery store to hunker down this weekend. >> all right. thank you much. it will be about 70 today, right? >> i wish. >>> barbie is moving out of her malibu home listing her dream house on the real estate website trulia for $25 million. the listing notes the home's 119 centimeter ceilings, pink floors, pink elevator equipped with a state of the art pulley system. a new barbie dream house for next christmas to replace malibu barbie house. she hasn't said where she's moving. woodside barbie. wood glen barbie would be nice. a pink thing off lincoln avenue. >> wonder if she'll downsize a little bit. is she going green? there are so many questions. >> final question. will that $26 million also get you the pool boy ken? >> ken and barbie are back together. the thing i thought was amazing is the banks have calculated the mortgage on a $26 million house of any kind is $116,000 a month. >> good news is you can pay it in monopoly money. >> it all goes together, doesn

the public inspection period for candidate materials change requirements for petition circulated badges to meet the requirement of disclaimer, the board of supervisor's argument, incorporate state law provision governing signatures in lieu of filing feels, candidate files fee provisions and make other technical amendments. >> thank you. and i would like to welcome supervisor malia cohen. so, supervisor kim, would you like to make some comments on this. >> thank you, supervisor yee, and i appreciate the rules taking the time to hear this cleanup legislation, as many of you know in june of 2011, the supreme court made a decision in a 5-4 vote in response to independent expenditures, substantially burdens the first amendment rights of these independent expenditures and also stated that leveling the playing field for candidates is not a compelling state interest justifying a restriction in any type of first amendment rights. many members of this board were saddened by this decision and spoke out in opposition of it, but despite that, we did have to make changes in our current public -- in o

change change ♪ ♪ you want me to change you want me to change change change you want me to change ♪ ♪ no other choice you fill your pockets and you empty out my voice you use the shallow ♪ ♪ and old trade the heart for the gold you sell the song for the noise ♪ ♪ you want me to change change change you want me to change you want me to change ♪ ♪ change change you want me to change you want me to change ♪ you want me to change you want me to change change change you want me to change ♪ you want me to change change change ♪ ♪ you want me to change you want me to change ♪ oh oh oh oh oh oh oh oh ♪ oh oh oh oh oh oh oh oh ♪ oh oh oh oh oh oh oh oh you want me to change change change ♪ ♪ you want me to change you want me to change change change you want me to change ♪ ♪ you want me to change change change you want me to change you want me to change ♪ ♪ change change you want me to change you want me to change change change ♪ ♪ you want me to change you want me to change change change you want me to change ♪ ♪ you want me to change you want me to change change change you want me to change

so no changes. if you put something in the mail on friday that would have normally been delivered saturday it will be delivered on monday. if it is going across the country, it will be delivered monday or tuesday. no changes. we have some history. the postal services has been delivering mail since 1860's. one time, probably a few people in the audience where they remember we delivered mail two times a day. i have an uncle who was a letter carrier who said, everyone was worried when we delivered mail two times a day and an italian newspaper and made -- the day after they made the change, he said, i said to the guy, sorry i couldn't deliver the newspaper, he said i don't read italian any way. the big changes we have made in our system over the years, people accept. they understand that. they understand that when you lose the first class volume that we have seen, you can't make ends meet from a financial standpoint. the choice is either change some of the service or raise prices and people don't want p

as long as it didn't change use, it can stay where it is. but if it did, then the whole thing goes away. that said, i think there appears to be full support for the staff looking at expanding the legislation to include what commissioner wu just spoke about. but i'm uncomfortable in doing that because this has not been vetted before anyone and the community and the merchants associations and everyone else were looking at a specific application for cafe floor. but i think there's another discussion that needs to be had with the community groups about expanding it all over the upper market area. and for us to take a vote on that i don't think is appropriate. >> so, are you, commissioner sugaya, removing that portion of your -- your portion of the motion? >> no. i'm saying staff should go ahead with that. and it would go through the normal kind of public hearing and community process and the supervisors indicating interest in it, too, so. >> commissioner antonini. >> yeah, ms. hayward, maybe i can get a clarification on what commissioner sugaya

now, will there be changes? absolutely. some of the changes we discussed already. we have already made plenty of changes. since the year 2000, this organization, the postal service has reducedly the head count-- head count, payroll, not jobs or job descriptions, payroll-- by 305,000 employees, 193,000 since 2008. we have-- our people do a great job. they're very productive. we have done anything and everything in our power to try to catch up to the loss that we've got in volume. people say, suggest we raise prices dramatically. that chase more volume away. we are trying to take a very business-like approach. we think it's a win-win. everybody has a little skin in the game here and in the end you have a strong postal service that's delivering packages, direct mail, and commercial first class mail into the future. >> brown: postmaster general patrick donohoe, thank you very much. >> thank you, jeffrey. >> ifill: still to come on the "newshour": filling in the president's team; killing an opposition leader in tunisia; fleeing the violence in syria and delaying a decis

changed ownership. if the ownership was changed the wait for the purposes of this plan should be as reported to the city by the hotel prior to the change. debates are in the file. at the conclusion of today's hearing the tax collector will have the tab levitation and the public can view it in the basement of the city hall. now if there is a protest of the snaements the district or if there's a less two-thirds voters. today, we'll hear from all people in favor of these following issues we'll then hear from the people who speak in opposition. during the hearing in any hotel visitor wishes to change their vote or cast their vote they may speak with the staff out the chamber. after the hearing closes you may not change our vote or cast any additional vote. let me first ask if there are any primary comments >> thank you. and i know that chair farrell from budget committee would like to speak as well. one item to appropriate 5 hundred and 7 millions $880,000 to the moscone project. and i'm playing this dollar

looking for treaty change. but whatever we need to do legally in order to carry out the political program never took four for conservative politics. or to carry forward than any governmental or responsibilities. we will do that. or take charge to play a key legal point. you haven't been able to answer that question for sizing i've come five hundred pound that could have the answer to my question in writing subsequently please. well it will happen to elaborate on the writing but this is a question for the future. and so giving any notice about anything doesn't arrive at the moment. but we will implement any legal responsibility is of course a noticeable carry em town. and a photo commitment of elect to the next election. happy to elaborate on that. thank you i'm asking you formally if you could give the answer to the committees to well i under the terms of the existing treaty u.k. which is to carry out a substantial of negotiation. of the terms of its teaching membership. it first has to give notice. but the con

. >> our microclaim at are changing. our. it has to do with really the microclimates. >> spencer christian, abc news weather. >> a typical winter extreme would be several consecutive days of heavy rain that would produce rain and mudslides and road closures. power outages. >> one of the most recent storms we had 200 lightning strikes. over the last decades. i don't remember the lightning storms to be intense. >> the extremity is taking an upturn, we go back to the four storms in seven days, it was unprecedented. they haven't seen that much rain in that over a seven-day period. >> back in december of 1995, it was a ten on the bay area storm index. it's one that was recorded in 36 years now. with that storm, we saw wind gusts up to 93 miles an hour. wind gusts around the peaks over hundred miles an hour. >> they blow down trees and you have flooding. you have all those impacts. >> lisa argen, abc news meteorologist. >> are we seen these earlier storms and wetter storms is that the new normal? >> i think we're having a new norma

almost invariable when we change use we have changes but the codes may not have been met. it's very if i but we want to know if that's going to be triggered or not >> do we get 6 months to a year to start figuring out the allocations that's what i want to know how far in advance will we need to make the adjustment. >> it is designed not to trigger seismic. >> so much really doond the nature of the repairs. you could have one pile that is in bad shape that could trigger the whole project >> looking toward our again here down at lower piles it spates our our need to our unfunded seismic work. but on tape we see the amount of money we have to spend is nearly $700 million toward the enhancements. so the tread line which i should say in this case doesn't compare apples to oranges but i hesitate to extrapolate too much on this from this year to next year. and this going backwards. this is the individual funding source. here's the shift in the infrastructure bonds proceeds that are very deliberately round out because their new york city we don't want to get too specific about. an

there are many changes that have to happen to make a change effective. mental health issues better background checks, bans on these weapons, bands of high-capacity magazines. they all have to come together and they all have to work effectively and it has to be done simply. common sense tells you that. i watched that video this morning. that's a dangerous weapon and anybody that can deny or argue that is not being honest. jack's -- jesse was six and a half years old and his birthday was june 30. 2006 he was born and it was the happiest day of my life. the saddest day of my life was december 14 and the worst day of my life. i waited in that firehouse until 1:00 in the morning 12:30 and telling no that jesse was confirmed dead. senator blumenthal was there. governor malloy and the other congressman from connecticut along with the police and the first responders. i have a bond with them that will last a lifetime. no person should have to go through what myself or any of the other victims families had to deal with or to to go through and what the town of newt

how do we go through the experiences and not be changed? we are changed. those of you in the room who i asked to see your hands, those who i honored by being here today, you are veterans of our past and present service and proud families, they are all change. we as patriots and support them and have supported them through what is now law war are changed too. i hope there is one thing you take out of me today, the change is the whole point. change is what we are afraid of, what we dread and what we cling to, what we depend on when everything else is fleeting, change is what matters and the stories behind that change deserve to be told so together as a nation we can celebrate them, cry for them, learn from them and move on. i believe that is the reason i'm here with you today. there's almost always a reason. i hope that after today you as members of this very proud patriotic community will think of your service members and their brave families and maybe look at them with slightly different eyes. i hope that my words might encourage all of you to embrace your

bob, how do you change a party? who is responsible for that? how do you change it? >> well, look, these folks made a deal with the devil, not just in 2010 in terms of exploiting the tea party, but in 2004 where they used abortion and marriage equality to turn out the religious right. now the tea party and the religious right are less and less powerful in america and more and more powerful in the republican party. you know, when i listen to cantor, i thought this guy must have majored in cosmetology while he was in college, because all he is offering right now is a cosmetic change in the republican party. you can't stop being the stupid party if you keep standing for dumb things. how does he explain the house of representatives which is blocking the violence against women act? changing that wouldn't be just a baby step that would be a step that would tell us that maybe the republican party is beginning to get it. >> well, he did appear to come out in support of the dream act today. here it is. >> it is time to provide an opportunity for legal residents and citizenshi

the world has changed. most people say you have to deal with change. change is automatic. progress is not. we have to develop more than just self-confidence, we have to have self-discipline and self-control. we're part of a decade that has taught people reenforce your kids from whatever they do. you can't get self-esteem from somebody else, you have to get it from yourself. when you have discipline and self-control and a sense of confidence or certainty, that's when people are able to change their lives. >> on the positive, some of the create periods in american history have followed extremely bad periods. you know post second world war. the country was on its knees. there's a precedent. i think perspective probably has to be brought into this, right? >> it's perspective but also understanding there are seasons. every season has different pains or problems. if you're born in 1910, by the time you were 19, it was 1929. as you were coming of age people were jumping out of buildings. that group of people that went through that developed emotional muscle. not just intelligence

real change. but it was also made inevitable because of the work you in this room and many across the country has done for decades. [cheers and applause] you make that happen. you make those words come out of our presidents mouth. and this year, after losing 31 times at the ballot box cut 31 times, but who's counting commit this year we won big on marriage. we beat opponents in america and one marriage equality maine, maryland and washington state. if you're from minnesota, and name, maryland or washington state come to stand up so we can applaud you. [cheers and applause] ap posted on facebook or twitter or otherwise encourage people to vote the right way, stand or raise your hand if you contributed in any way to the swing, if he gave up time or money, stand or raise your hand and let us applaud you. [cheers and applause] thank you. thank you. the task force is proud to dedicate our grassroots training, leadership development support, social media machine and expertise in all four of the states t

, but the expectations have changed. the immediacy. there's so many things that we as a society have developed into this instantaneous culture and that no longer are we waiting for a letter to arrive from rome. when we get an instantaneous mass delivered message, i mean, that's a whole shift. >> as the news of benedict's impending departure took hold, people inside and outside of the church began offering assessments of his legacy. >> i think that pope benedict brought a refreshing and wonderful attention to theology. >> pope benedict has been, has had great clarity in his teaching on issues with respect to the sanctity of life, with respect to marriage, with respect to religious liberty. >> he certainly was in tune with modern technology, even joining twitter just a few weeks ago, and he was an environmental pope. he was often dubbed the green pope, and he took climate change seriously and he talked about that. so i think those are positive things. >> but sister maureen fiedler, host of the public radio program "interfa

so those are the kind of major changes if you will. if you recall, the supplemental budget that you approved allows for ten new positions that will, or being introduced to the board next week, i believe. and that combined with this, budget, would allow for an increase in 18 fte in the department. it takes us to about 175, or 176 positions that is a lot of staff, it is in terms of the new revenue that is coming in with the new applications and the backlog that made the front page news with the examiner but that is a real number. that 460 project backlog is the number of projects that we have not been able to spend any time on yet. that does not include the projects that are actually being worked on. that is the number of projects that are actually in the department but we have not been able to spend time on. those are need and we clearly have the revenues that are needed to support all of these applications. with that i will turn it over to keith to give you the details and we will ask for your approval thank you. >> my name is martini

but there would not be a change of use under the building code. but there is a change of use in this case under the planning code and it should have been routed to us and it should have been clear what the proposed use would be. >> you are saying that it was never routed to you at all. >> it does not appear to. it has.

due to climate change. now, the federal government's crop insurance costs have increased in recent years rising from an average of $3.1 billion per year from fiscal years 2000 through 2006 to an average of $7.6 billion a year from fiscal years 2000 through 2012 and are projected to increase further. do we, do we have a seasons of the scale by which climate change will increase the federal fiscal exposure for the national flood insurance program and the federal crop insurance corporation? >> i don't have, you know, estimates of that regard, but i am concerned about the potential magnitude given what we've spent so far to respond to these issues. so we're going to be looking at the quantification issues, if you will, as we delve into this issue in the future. >> well, that leads to my next question. i suspected you might say that, and is a study needed to look at those issues further, sir? >> yeah. i believe so. but it will, as with many of these areas, be difficult to come up with some areas. but i think we

then, what needs to change in order to fix this and why hasn't enough changed? on that point, i would ask, how many people in this room have heard of the dodd frank act? how many people think the dodd- frank act as then implement it? -- has been implemented? 2.5 years since god-frank was passed, less than one third of it has been implemented and more than three quarters of the deadlines have been missed. millions of dollars were spent lobbying against it. perception that conditions have changed -- i want to show you guys why they have not changed. why obama or romney or any number of politicians would want people to think. starting with the point of what has changed, i think there have always been practices on wall street that are not great and are dubious. the simplest way to mark what has changed is look how banks make their money. and i joined the firm in 2000, when i joined wall street, at least half the money was being made in the original things that made finance get called finance. wall street finance, things that help companies raid -- raise money. they

what has not changed and i don't know that there's any way for it ever to change. the perennial complaint in washington for the last four years have been that barack obama is not like bill clinton. he's not even like george w. bush. he doesn't care about the schmooshing size of politics. and not just the schmooshing of matters and stuff he just doesn't want to talk to anybody. we've heard this a million times. i don't the that's going to change. he's not suddenly going to become the guy who is like bill clinton, who is either twisting arms or slapping backs. that's just, i've seen no change to that effect. i think that is deeply rooted in his character. i think if anything getting re-elect has lessened the incentive for him to change that way. he's come to a determination you never really thought it mattered and i think he really now thinks it matters going forward and he does believe in this outside game. i think hi grit es lesson of the last four years is that most of the time when he tried to play the inside game in washington it didn't necessarily work to his a