we also want to note that the epc was responsive to parent concerns. one was the lack of translation on the san francisco unified school district website. when we brought it to the attention of the ec -- fo the epc that the language testing was only in english and chinese and not in spanish, they were responsive to making those changes to the website so that it was more accessible to the e.l. community, both in chinese and in spanish per it there was a third emerging in the ballot for the 2011-2012 school year. parents brought these concerns were hints of concerns to the district. that is an ongoing conversation. we were able to see positive responses eventually from the san francisco unified school district and epc, who gave us the report. we are looking forward to meeting with kevin chavez concerning dual-immersion programs and 1-way immersion programs to. we have had a lot of parents come to our meetings and we have lots of questions for the district. we are looking forward to kevin coming and hearing those concerns. i would like to say that we are

>> i look at consumer staples very broadly, so across epc and tobacco. earnings of 6.7% this year, you have a 6% yield. i think that's better than kimberly. >> you mentioned this broad base, and it really is broad. is mcdonald's one of the names you like as far as the consumer universe? >> i don't cover mcdonald's, but we tried to offer some other big cap alternatives from probable cause t-- procter. so very positive on mcdonald's as in kraft. >> where does it factor in any of the big names in your note today. >> the think about actia, they don't have to deal with the volatility. our downgrade today was really a function of concerns over guidance based on the probability they may have to spend more than they expected. and also we think that there is a culture of risk aversion within an organization. when you need to do things differently and cut costs, you need to take risks. >> it's great to have you on the show. thanks so much. >> thanks for having me. >> nick mody at ubs. >> i think if you look at many of the names he's talking about in this particula

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