completed recently by webcor/obayashi in february and the estimators and we also presented to you a litigation plan to allow us to stay in budget and a status in reserves and also provide you with findings and recommendations that were conducted by lelar associates and the outreach and schedule. >> the board approved a revised budget the approved budget updated the may 2010 budget taking into account market conditions and the cost increase of the structural steel package and the budget included recommended contingencies and reserves. this shows a breakdown of the construction costs within the board approved budget. the total cost excludeing -- the first construction cost including the reserves and the budget also includes program reserves and other costs including soft costs and program wide costs. >> the board approved budget was based on the first quarter 2013 market conditions and also the 95 percent construction and the the 3.5 escalation rate and contingencies and reserves based on model assessment and this is $8.2 million in contingencies that construction documents and also i

on page 34 of our report, and we report that the total estimated debt service over the 30-year term of the bonds is 235 million, 959,566 consisting of 111 million in principle, and 134 in interest, and estimated debt service is 8.4 million. on page 36 of our report, we simply note that the, which, of course the board has already discussed and knows that the board of supervisors approved ordinance of 111340 which appropriate ated the 19.5 million for the san francisco community choice aggregation program and this ordinance, and that is 140480 would reappropriate ate the 19.5 million added to the clean water, and the clean power san francisco and reappropriate the funds and it was a source of the revenues for the proposed projects on table one on page 35 of our report. our recommendations on the bottom page of 38 and for these two items are recommended that you approve the proposed ordinance on the bonds and that is file 140418, and we recommend that you approve 250 million, 108,836 and interest the appropriation of 234 million,608 and that represents a reduction of 19 million and 500,00

the analysts misread their estimates and bingo, a bottom was formed. it may seem counterintuitive to buy a stock right after the estimates were slashed. used to buying them when they gun. think about it, it actually makes a lot of sense. wait until a stock has been de-risked so to speak, until the bad news is totally baked into the share price and you can build a position that just might lead to tremendous proves down the world. sure enough, caterpillar roared from the perch for months on end as by the improved and analysts had to raise their estimates from what turned out to be the levels that were far too low. yet the big money made, they all made a huge amount of money because they bought the estimate cut, not an estimate boost, but the cut because cat's earnings had finally troughed. that's the key word, trough, and anybody could have caught this move by watching how the stock didn't get crushed, like you'd expect after the hideous quarter and the last barrage of estimate cuts. now, maybe some of you are saying, okay, cramer, that was march 2009. g

do you have a different estimate. >> well, i don't make estimates for ten years. we simply made a projection, a budget proposal for 2015 and they projected them out ten years. >> okay. and so we have to live under the tir any of cbo, if they say we lose $14 billion than we have to adjust those debt clocks and announce to the country that we're increasing the national debt by $14 billion or we have to wait for the chairman of this committee to join me in a prorevenue bill. that would take a long, long wait. it's argued that -- the fair value accounting which is not the law. every time somebody wants to increase the national debt by a proposal, they say well, just change the accounting because i'm not increasing the national debt. i've heard this all the time. dynamic scoring. now it's fair value accountable. i want to make sure i understand this. fair value accounting would mean for pizza hut that we don't see whether they made lost or made money, we see whether they would have lost money if they had to pay as much to borrow money as the local petsizzeria which wou

it's approximately 1.2 that we are estimating in cost. so i will then open up for any questions. >> thank you. colleagues, any questions or comments at this point? supervisor breed? >>supervisor london breed: mr. decaneey, how r you? >> good. >> i just wanted to understand the changes in cultural equity and where the increase came from for cultural equity funding that's listing in your budget? >> yes. are you referring under expenditures to the total community investments? >> unto cultural equity i'm showing from 2013-2014 fiscal year to-fiscal year to 2014-2015. and another $500,000 increase in the budget. i'm trying to understand specifically where the increase for cultural equity grants came from, those specific increases? >> yes. so looking at these numbers, i know there have been increases related to the cost of doing business increases that have been included across city contractors because cultural equity grants are administered on an annual competitive basis through a panel process. we pull that cost of doing business cr

department of commerce released its final estimate for gross domestic product in the united states for the first quarter of this year and while analysts. had expected down revisions this latest revision was a shock it was the largest down revision in the history of g.d.p. reporting instead of contract at and your lies one point zero percent pace the economy contract at a two point nine percent pace that is a severe slowdown notable facts in april the government estimated spending on health care grew at a prodigious nine point nine percent rate due to the implementation of the affordable care act actually health care spending contracted at a one point four percent pace in total final sales which exclude inventories declined at a one point three percent annualized pace in q one two thousand and fourteen and inventories subtracted one point seven percent from g.d.p. in q one two thousand and fourteen this is rearview mirror stuff though analysts are boosting their estimates for growth in this the second quarter of two thousand and fourteen goldman sachs has raised its tracking estimate by

these are estimates. they are estimates by everyone. and they're a best judgment. i will tell you the air-india numbers are right and i was involved in pulling it down and having to do the reductions. >> if you do scratch a little bit deeper at the export/import bank numbers and you'll see that they use formulas with information from and we could talk about the foreign components. boeing advertises 30% of a 787 is made overseas and it's unclear how many of those 255,000 jobs, mr. hecht, are actually jobs overseas. when the gao asked the export/import bank about that in the may report they said xn kpishls had not assessed the extent to which this limitation affects the overall jobs estimate. supported versus created. supported and created are not the same thing. just because a job is supported doesn't mean it's going away if the export/import bank financing goes away at the same time. it's important to recognize one thing as we deal with these things. we use these numbers when we talk about swrobs. the only reason the export/import bank counts jobs is because of us.

these are estimates. they are estimates by everyone, and they are a best judgment. i will tell you air india numbers are right because i was involved in pulling it down and having them do the reductions. >> if you do scratch a little bit deeper at the export import bank numbers, using formulas that use information from 2002. if she was here talk about components, 30% of 787 is made overseas and it's unclear how many of those 255,000 jobs, mr. he heck, are jobs overseas. when go asked about that, xm officials told us they had not assessed extent this limitation affects overall jobs estimate. supported versus created is another twist of the language. supported and created are not the same thing. just because a job is supported doesn't mean it's going away if export import bank financing goes away timt. it's important to recognize things as we start using these numbers, talk about jobs. the only reason the export-import bank counts jobs is because of us. that's it. the only reason they count jobs is to come in here and justify existence. i'm not making this up i'm look

>> no the escalation is going to be utilized so they are part of the estimate so i'm drawing from the construction contingency to fund the gap between the estimate and the -- >> so that escalation line is already spoken for? >> as we bid projects out. >> but i thought -- what i understood from the earlier slide is that 153 million was based on the current estimate based on our expectation of that escalation. >> yeah. >> or do we think there's going to be escalation beyond that 153? >> no it's the total difference between the total budget and the total cost and the cngc estimate which includes escalation. >> all right so i still don't understand why would we be drawing so much on construction contingency which is really meant for un foreseen conditions during construction there's a lot of construction to go and as soon as we get these awarded we'll have that locked down. down. >> okay so we have a total of 153 dollar difference $5 $55 million that $153 million number includes the escalation already in it so it's already escalated so the only other sources of funds to fill in the gap wo

as part of our analysis we looked at why the number was above the estimate and initial engineers estimates the cable stray is a unique structure it's a pylon structure requires specialized piles and it's on this particular in shimmick's package they have bencor a barrett pile is a rectangular pile it's not cased it's a hydro mill kind of process under slur ye as they go down to bed rock of course goes into bed rocktenn feet which is approximately 200 feet down down in our location. as they go down they end up -- so it's a very unique system but it's required due to the loads and requirement for the structure and also if you didn't put a baret foundation in then you would have many many many piles with the cost analysis that the engineer of record did was this was the best foundation put in for this kind of structure so at this point the recommendation that the team behind me -- i've brought the engineer of record with me kevin clinch and i also have the project manager with me and turner and webcore and myself and the trade package is on a critical path and the scope of work doesn't lend t

well, things change, so if you estimate your income too low and you deserve more subsidy or if you estimatedtoo high and you have gotten more subsidy than you deserve that gets reconciled on your next tax return if not before. >> that just sounds so messy, john, getting the money back. let's say you did get money back, how does the government get the money back, or vice versa. >> well, when you fill out your tax subsidies the money you get under obamacare will be under one part of that form. so when they see what you filed and what you have earned it is part of figuring out the calculation on the tax you owe or how much tax you will get back, just like any tax filed and credit people get. >> very quickly, nobody is going to try to make political hay out of that, are they, john? >> you saw a ton of that this afternoon. the republicans in the house ways and means committee see it as one more bit of evidence that the program was poorly rolled out and poorly designed. democrats say the opposite. public opinion is not likely to shift a lot as a result of this. >> thank you very much, john harwood

department of commerce released its final estimate for gross domestic product in the united states for the first quarter of this year and while analysts had expected visions this latest revision was a shock it was the largest revision in the history of g.d.p. reporting instead of contract at and your lies one point zero percent pace the economy contracted at a two point nine percent pace that is a severe slowdown notable facts in april the government estimated spending on health care grew at a prodigious nine point nine percent rate due to the implementation of the affordable care act actually health care spending contracted at a one point four percent pace in total final sales which exclude inventories declawed at a one point three percent annualized pace in q one two thousand and fourteen and inventories subtracted one point seven percent from g.d.p. in q one two thousand and fourteen this is rearview mirror stuff though analysts are boosting their estimates for growth in this the second quarter of two thousand and fourteen goldman sachs has raised its tracking estimate by two tenths

the estimate was to go up a .1%. three times the initial estimate.u take a look at the gdp over the past year the high point 4.1%, but take a look at that q1 in 2014. this has a lot of people concerned tonight about the trajectory of the u.s. economy. let's bring in our panel. steve hayes, kirsten powers and charles krauthammer. steve, what do you make of it? >> once again we listened to the white house and its supporters. one the numbers aren't as bad as they are the same and two the numbers are the fault of everything but president obama's fiscal policies. it's no doubt true that weather played a role. played a factor. you talk to economists they will say that can account for some of the 1% which was the second number that we were given before it was revised further down but it doesn't account for 2.9%. i think up with of the thing that people have to start considering is that the affordable care act the obamacare contributed to the shrinking of the overall u.s. economy. there's a new paper out a professor from the university of chicago that basica

the past two quarters, they have really beaten estimates -- estimates and that's where you see these and a lot of the growth. the question is can they continue to do this? i think over the in ex-12 to 18 months, there's a lot of positives going for this company. besides the fact that they changed their name to kur rig so we know this is associated with their most popular product. first of all, they are coming out with a new brewer, kur rig 2.0. second of all, coming out with a cold beverage brewer and also agreements with smucker's beverages and coca-cola for cold beverages, really expanding this at-home beverage market. they have also got license agreements to really get rid of some of the unlicensed portion packs that were eating into their margins and their market share more recently. so i don't think analyst estimates are really reflecting some of the potential that we have over the next year to 18 months. they are a bit expensive, raked in at 32 times. i prefer to see it come down to a 121, raked in at 30, 31 times forward earn eggs and see proof the new products coming out next

six percent on estimates and that is encouraging, indeed.bers inw april and in the second quarter. there is a little bit of a drop. it is good news. you see the gains, except for china and the kiwi. it is a snap recently. we are also watching the hang seng. health care is in decline. tech stocks and electronics stocks. overall, this impact. and steady as she goes. >> we will soon get more on that out of data. the imports fell sharply. let's get more analysis with our chinese economist. the techies exports look a little bit better in may. is a global story? there are factors at work. the first factor is last year was exaggerated sales by the chinese exporters who were lying about how much they sold and the capital controls. that meant that, in the first months, there was an exaggerated comparison of the growth rate that pushed it down. the exaggeration started in april and may and, that means, we see a more accurate picture of the true strength of the chinese exports. 2014, wed factor is in saw a stronger global economy states and europe is d

at a two point nine percent pace that is a severe slowdown notable facts in april the government estimated spending on health care grew at a prodigious nine point nine percent rate due to the implementation of the affordable care act actually health care spending contracted at a one point four percent pace in total final sales which exclude inventories declined at a one point three percent annualized pace in q one two thousand and fourteen and inventories subtracted one point seven percent from g.d.p. in q one two thousand and fourteen this is rearview mirror stuff though analysts are boosting their estimate for growth in this the second quarter of two thousand and fourteen goldman sachs has raised its tracking estimate by two tenths to four point zero percent barclays has also raised its estimates for q two to four point zero percent three recent guess and boom bust mark chandler marshall our bakken co and roast all said that the u.s. economy is improving manufacturing and service sector data is surging higher jobless claims are at cycle lows and unemployment has been dropping so while th

estimates of how much is spent range to $15 billion. ceos tell us concerns of protests and blorwhether or not country can pull it off is hurting. >> it's adding to the weakness now. >> reporter: the ceo of a huge brazilian travel company said they'll get the expected number of visitors and got gangbusters. >> people think gnat airports will be a mess and on the end of the day they will be empty. >> reporter: the brazilian economy is slowing and inflation is slowing. consumer confidence at a five-year low. ditto for industrial confidence. and yet, it is precisely these problems leading some wall street firms to recommend investing in brazil. research firm trusted sources tells clients the more the country weakens, the more likely the president will lose her bid for re-election in october. the candidates running against her support economic policies much better for business. trusted sources think the market could, quote, fuel a hope rally not unlike the rally in india. last month, india elected a new leader and that led to a massive rally

and they'll be paying close attention to a new government estimate that suggests decontamination workould significantly lower the levels in the next few years. the cabinet office has estimated the effectiveness of decontamination measures in the area shown in red. radiation exposure levels in the zone exceed 50 millisieverts per year. currently no one is allowed to live there. and full-scale cleanup operations have yet to begin. the estimate is based on the hoip thet cal model of a person who spends eight hours a day outdoors and lives in a house with a wooden frame. its goal is to calculate to what degree decontamination could help cut that person's presumed exposure by 2021. in places with an annual radiation reading of 100 millisieverts today, exposure levels would be reduced to between 9 and 20 millisieverts. areas with 50 millisieverts now would see a decline to between 6 and 11 millisieverts. in both cases decontamination would help cut levels to below 20 millisieverts per year. that is one of the government conditions for lifting evacuation orders. officials say they'll use the

this would set iran and nuclear program back, it hard to estimate how much time, most estimates range from three to seven years but this is a worst case estimate, these are estimates assuming iran decides to rebuild and doesn't to counter any significant obstacles but if you start to assume politics and geopolitics happen, that time line becomes much longer. one of the things i talk about in the book is the countries that historically had their nuclear facilities attacked, not to germany during world war ii, iran had its nuclear facilities attacks during the iran/iraq war, the israelis had a strike of their own and the united states and the coalition followed up with strikes of their own. syria in 2007 had its nuclear reactor attacked from israel. one thing i point out is in all those cases the country conducting the attacks thought they would only buy a limited amount of time but in every case of unforeseen events that were completely unimaginable at the time came to pass permitting those countries from developing nuclear weapons and none of those countries have nuclear weapons today

they estimate somewhere between 1500 and 1800 shells landed on the fort. there's an account by a soldier at the fort who says they were pigeons tied at the ankles waiting to be shot. there was nothing they could do. the british ships were outside of the ranges of the guns. for the had to wait shelling to be over. >> we have a piece of shrapnel visitors to touch. so you can see the thickness of he metal that would have exploded when the piece would fortification he itself. > francis scott king was being released by the british. the british troops coming into they were passing up towards baltimore from washington as it usually were a few re stragglers that stayed behind after the main ship left. were rowdy and got arrested. ecause beeps had promised neutrality to the british, they were offended that the soldiers they seized and beans for violating the neutrality. hired . government francis scott key, a georgetown lawyer to negotiate their release. he went out to meet the british roops to try to release dr. beans. while he was out there, he saw the preparatio

on the right, that's the estimate coming in from chrysler. chrysler says the month of may could be as high as 16.9 million vehicles. sales pace. not the actual sales, but sales pace. generally speaking, everyone saying it is going to be over 16.5. by everybody we're talking about most of the analysts looking at the numbers that have come in so far. the bottom line is this, tyler and sue this is the kind of may that has a lot of people saying, okay, a lot of things helped out here, you had a great holiday and extra weekend, but at the end of the day, you saw strength in the consumer, more strength than people were expecting. >> phil lebeau will hang with us and as we bring in senior economics reporter, steve liesman, to talk about what these car sales numbers mean for the broader american economy, and it must be good news. >> couple of things. it is good news. i think we're learning there is more of a weather effect than we thought, certainly in the auto industry. we're getting some of it back. whether or not we get all of it back is unclear.

do you have a different estimate. >> well, i don't make estimates for ten years. we simply made a projection, a budget proposal for 2015 and they projected them out ten years. >> okay. and so we have to live under the tir any of cbo, if they say we lose $14 billion than we have to adjust those debt clocks and announce to the country that we're increasing the national debt by $14 billion or we have to wait for the chairman of this committee to join me in a prorevenue bill. that would take a long, long wait. it's argued that -- the fair value accounting which is not the law. every time somebody wants to increase the national debt by a proposal, they say well, just change the accounting because i'm not increasing the national debt. i've heard this all the time. dynamic scoring. now it's fair value accountable. i want to make sure i understand this. fair value accounting would mean for pizza hut that we don't see whether they made lost or made money, we see whether they would have lost money if they had to pay as much to borrow money as the local petsizzeria which wou

how much of their money really goes towards funding their oil is there a public group claims the estimated annual cost of the monarchy is almost three hundred million pounds which is around nine times the official figure published by the oil household why this disparity apparently the official figure excludes a number of costs including security royal visits and lost revenue from the dutch cheese of line castor and cornwall if they were public figures are to be believed it would mean the british head of state is one of the most expensive government institutions in the world the important point is that they want to close a lot more than many people think. but even if those figures were made public there's every chance that the majority of the british public would agree that the budget he was still with was in fact a poll last year found that forty five percent of the british public strong support for the monarchy up from twenty seven percent in two thousand and six a survey released this month showed that prince william has grandmother and his father are all more popular than the country's

they worked with the partner and opc consultant with extensive and real estate and expertise to estimate the future rents based on the operating costs, the tour of partners is here today. and ask her to stand up as well. and what she did, is she used the design and the drafts of the building to create a performer, that estimated all anticipated costs associated with running the building and so the costs include the expenses for the operation and the maintenance and repairs and the utilities and in texas as well as the capitol reserve that will be necessary to maintain the building over time, the partners current estimated $111 per square foot per month and which is consistent with the range of $1.00 to $1.20 that she estimated early on in the process and that range has been communicated to the artists since 2012. the rent number of $1.11 is considerably below any rents in the artist studios that are available and advanced from $1.50 to over four dollars per month per square foot. the closest space is in bay view hunter's part and it is yosimite and they go for $1.50 and there are no curr

this we estimate will be around $65 million worth of construction. in terms of the new housing units there's projected to be 1268 for sale a point 2 percent increase in the supply of rental units in the city and that level of construction would make housing prices in the city drop by point 8 percent and market rents point 2 percent in the city. just to put those numbers into context today point 8 percent of the average housing price in san francisco is about 73 hundred $7,350 and so these benefits of lower housing prices would be across the city and raises income directly for the households benefitting from that subsubsidy and benefits the broader economy. 57 million in community benefits and affordable housing subsubsidy effectively $53 million of personal income and a decrease in market rents across the city of point 2 percent phased in over the construction period and decrease in-housing prices of point 8 percent by the end of our projection period the city's economy will have a gdp increase

. >> but the medical examiner estimated the time of death could have been any time between 9:00 p.m. and 3:00 a.m., and not all of jacob's time could be accounted for. the evidence at the crime scene indicated the perpetrator was probably someone christina knew. other evidence suggested it was someone who lived close by. for example, the killer wasn't wearing shoes. >> when you have a barefoot print in blood, it's obviously someone that's close to the scene, whether it's someone who lives in the residence or someone close by. people generally don't run around barefoot as a matter of course. >> and inside the bathroom investigators found a possible explanation for why the hamburger buns were there. >> they found the clip to the hamburger buns on the floor in the bathroom. so it appears that the hamburger buns had been opened in the bathroom, but they never found the bag that the hamburger buns came in. >> we surmised that the killer may have used the wrapper to wrap the knife in so as he carried the knife out of the apartment it wouldn't drip blood anywhere. >> this was yet another cl

and ukraine that's if they meet a strict ease standards which they donned at the moment and it's estimated about one hundred billion dollars will have to be spent in order to reach the required standard by winning a place at the european table ukraine will no longer be on russia's preferred preferential partner and will also lose five hundred billion dollars in trade global financial trade financial market expert patrick young believes the association deal with the e.u. is a grave mistake. ukraine which last year was in a catastrophic position how it's signed a free trade association this year is going to associate with the european union are the point when it's on the brink already of economic disaster this is a catastrophic move for the ukrainian economy the only winners i do this are a few sadly deluded egos whether they're in brussels whether they're in washington who believe some horror that they've achieved a great geopolitical victory for the people of ukraine there are no jobs to be hard here there's only going to be job losses there is no economic growth to be hired by suddenly ha

they estimate between 1500 and 1800 shells landed on the fort. there's an account by a soldier at the fort who says they were like pinl uns tied at the ankles just waiting to be shot, there was nothing they could do. the british just had to wait until the shelling was other. >> we have a piece of shrapnel that we're allowing our visitors to touch so you can see the thickness of the metal that would have exploded when that piece would have hit into the fortification itself. >> francis scott key was actually being held by the british. he had gone to negotiate the release of a dr. beans who was mayor of the local town. and the british troops said come into the, had come into the town when they were passing up towards baltimore from washington. as usually happens there was a few stragglers that stayed behind after the main troop left. and they were a little rowdy and they got arrested and because beans had promised neutrality to the british, they were offended that these soldiers were arrested. and they seized beans for violating the neutrality. the

ranks of isis are now swelling by the day including recruits from the west intelligence analysts estimate three thousand foreigners have already signed up with isis on britain's foreign minister says four hundred of them well they are believed to be british the steady flow of fresh recruits says in part thanks to an intricate online campaign being carried out by web savvy jihadists recruiters on their efforts appear to be burning fruit take a look here is one twitter user from the u.k. voicing his approval of the isis onslaught in iraq and syria this is another one from germany this time hoping that you how this will claim victory and it's not just in the west either the internet supporters of isis come from all across the globe in europe the us or even asia or surf earth has more. from the front lines in iraq in syria and another battle is being fought in the u.k. this week banned isis making it an offense to be a member of the group but the organization is still enjoying a wave of online european support dubbed by some the fanboys well i've been speaking to some of the supporters online

epa estimates to building blocks are expected to raise prices. further estimates that 90 percent of the energy efficiency comes from ratepayers what affect do you think these prices increase will have on consumer behavior? will consumers be more inclined to maintain status quo as opposed to paying more? the last thing, the studies that epa is relying upon, are they available to the public so before the close of the public, the time? >> all of our technical support documents in the studies are available in the docket which i believe opened yesterday when the rule was published. but the answer to your first question is that, we have seen in states that have very proactive and forward-looking energy efficiency programs, that they are quite successful and that measures did it implemented and consumers to save money. >> thank you. >> at this time recognize the gentleman from louisiana. >> thank you. i will first make a statement and ask questions. when you say utility bills will go down by 8% it reminds me of candidate obama saying that under his heal

carmax reported first-quarter earnings that exceeded estimates.y sell used cars and earned 76 cents per share. they also bought back 3.8 million shares for $174 million. atlantic city casino is pushing for a buyer. it has applied for bankruptcy. they opened in 2007 at $2.6 billion. they filed for bankruptcy in march of the following year. the casino may be forced to close for good if it fails to attract a buyer. they wrote a letter to employees. a $120rmstrong will face million fraud lawsuit. he is accused of defrauding the u.s. government by using performance-enhancing drugs. a judge rejected his bid to have the case dismissed. the claims made by his former teammates will let the lawsuit continue. the hour,inutes past which means that we are on the markets. you can see that we are building on the record gains that we have hit. we have basically seen a five-day winning streak. helped along by janet yellen's statement and press conference earlier this week that the economy is recovering. for rates will stay low some time. we are on the markets agai

gp smashing estimate in business spending smashing estimate.the yen is digesting these one or two spots. the nikkei will open very shortly. ahead to the japan open and just a few minutes for now, the nikkei to divide is pretty much flat for the day. futures are pointing to a higher open. the yen right now is weakeing on the back of better than expected gdp figures. gdp coming in above estimates. let's get reaction to the breaking data out to japan with my next guest. frome joined live now tokyo. your reaction to the latest figures? it is better than my expectation. by [inaudible] momentum is supported by private households. it has gradually shifted to the corporate sector side. positive for the japanese growth momentum and four shinzo abe. the government will continue to .upport the spirit byerally, it composed public servant figures. includesd esitmate private sector sides. it is better than the market level. overall, japan's household momentum is much better than the market expected. different frome a lot of consensus views here. jobsact is t

the estimates that we reported in our study which again are deaths that are attributable to excessivee calculated in a lot of differene reported by individuals and they significantly under report their alcohol consumption. so yes we believe that for that reason among others, the estimated total number of deaths that we reported which is 88,000 per year, the lives who die is 30 years is probably significant under estimate. >> sreenivasan: what do we know about policies that change alcohol behavior. what works. >> there are a lot of similarities in the policies and other services that can affect drinking parallels between that and smoking. so we know for example that people's drinking behavior is very much affected by the price of the alcohol. alcohol is more expensive people tend to drink less. we also ñoxz()m know that alcol consumption's very much affected by the availability of alcohol. so for example if you have a very high concentration of bars or other establishments selling alcohol within a particular area, people are more likely to drink more as well. so from a public health p