SFGTV: San Francisco Government Television
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Feb 2, 2012
02/12
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supervisor kim: do you have a policy for how we expend these funds? >> not a written policy, but we do have initiatives that we like to use the funds for. supervisor kim: which initiatives? >> the current one is the homeless family initiative, which we built upon with the donation -- supervisor kim: the one we launched in november? >> that is correct, that we launched in november. supervisor kim: is there a way we develop these priorities? is it based on federal and state funding? is there a way we prioritize so that these programs do not have -- they do not have funding, so we prioritize them with private funding? i am curious to that process. >> well, you asked the question last year when we got the infusion of private donations which allowed us to expand upon the initiative. we have had the family initiative since 2007, where we wanted to provide rental subsidies to families, but it was not a pot of money that was ongoing, and part of the changes that we made, we made it from at least having from 24 months up to a five-year subsidy, but it was not
supervisor kim: do you have a policy for how we expend these funds? >> not a written policy, but we do have initiatives that we like to use the funds for. supervisor kim: which initiatives? >> the current one is the homeless family initiative, which we built upon with the donation -- supervisor kim: the one we launched in november? >> that is correct, that we launched in november. supervisor kim: is there a way we develop these priorities? is it based on federal and state...
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Feb 20, 2012
02/12
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difference, the 1.72 difference in the price of gasoline, over -- somewhere near 230, $240 billion of expendable, disposable income out of americans' pockets. and here's the problem. when you do it through
difference, the 1.72 difference in the price of gasoline, over -- somewhere near 230, $240 billion of expendable, disposable income out of americans' pockets. and here's the problem. when you do it through
SFGTV: San Francisco Government Television
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Feb 1, 2012
02/12
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ordinance authorizing the san francisco public defender's office to retroactively accept and expend a grant in the amount of $231,147 from the correction standards authority for the purpose of establishing a legal educational advocacy program; and amending ordinance no. 146- 11 -- annual salary ordinance, fy2011-2012 -- to reflect the addition of one class 8177 trial attorney grant-funded position -- 0.50 fte -- at the san francisco public defender's office. supervisor chiu: same house, col. this ordinance is passed. next item? >> item number 23. ordinance -- approving regulations for jane warner plaza at the intersection of castro and 17th streets and harvey milk plaza adjacent to the intersection of castro and market streets -- and two, authorizing official acts in connection with the regulations. supervisor chiu: i wanted to mention that the technical issues with our monitor system has been ongoing. when your done speaking, it would be great if you could click it off, so that we know you have already spoken. >> we are waiting for amendments from the city attorney's office that have
ordinance authorizing the san francisco public defender's office to retroactively accept and expend a grant in the amount of $231,147 from the correction standards authority for the purpose of establishing a legal educational advocacy program; and amending ordinance no. 146- 11 -- annual salary ordinance, fy2011-2012 -- to reflect the addition of one class 8177 trial attorney grant-funded position -- 0.50 fte -- at the san francisco public defender's office. supervisor chiu: same house, col....
SFGTV: San Francisco Government Television
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Feb 16, 2012
02/12
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clerk young: do except and expend a grant for the kindergarten to college program participant incentive funds. supervisor chu: we have someone with us. kreskin afternoon. i am with the office of treasurer-tax collector. the i come before you is for a grant in the amount of $190,000 for the students to participate in the kindergarten to college program. there are currently two programs. one is a $100 bonus to the students and their families if they set up a direct deposit into the account and have acted for at least six months. these are privately raised funds that are matched by $50 war all students and an additional $50 for those students who are participating in the free and reduced lunch program, and i am happy to take any questions. supervisor chu: i am wondering if you can share with us at the experience so far. >> there are a lot of exciting results from families the participating in the amount of funds that they have contributed so far. supervisor chu: thank you. i think that would give is a good idea of how successful the program is. there is no additional funding, correct? >> c
clerk young: do except and expend a grant for the kindergarten to college program participant incentive funds. supervisor chu: we have someone with us. kreskin afternoon. i am with the office of treasurer-tax collector. the i come before you is for a grant in the amount of $190,000 for the students to participate in the kindergarten to college program. there are currently two programs. one is a $100 bonus to the students and their families if they set up a direct deposit into the account and...
SFGTV: San Francisco Government Television
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Feb 1, 2012
02/12
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as far as receiving these funds and expending them for the rental subsidy program, does that fit oury? >> an excellent question. i will need to take a minute to talk to the department representative here to understand whether it does or not. supervisor avalos: i am sure there are capital costs that could go to words, you know, our shelter services, our shelter programs, our homeless programs, our health clinics that serve, as people. not saying we do not serve homeless people with it, but i want to make sure we do not come back and say we did not approve this expenditure in an appropriate way. >> just a point of clarification. when i speak about homeless prevention services, it has an overview of all of the things that you just mentioned. so it could be used for capital, could be used to pay back-rent, it could be used to pay keeping someone's electricity on and the telephone services on. supervisor avalos: i would be supportive -- i am just one person on the committee. i would be supportive of keeping intact in keeping funding for our rental subsidy program for families. supervisor
as far as receiving these funds and expending them for the rental subsidy program, does that fit oury? >> an excellent question. i will need to take a minute to talk to the department representative here to understand whether it does or not. supervisor avalos: i am sure there are capital costs that could go to words, you know, our shelter services, our shelter programs, our homeless programs, our health clinics that serve, as people. not saying we do not serve homeless people with it, but...
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they're expend aing the bis to a cool billion. they're expend aing the bis to a cool billion.m matt gutman, on terra closed captioning by closed captioning services,inc
they're expend aing the bis to a cool billion. they're expend aing the bis to a cool billion.m matt gutman, on terra closed captioning by closed captioning services,inc
SFGTV: San Francisco Government Television
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Feb 21, 2012
02/12
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clerk young: item two, to accept and expend a grant in the amount of $1,352,141, to participate in an incentive. supervisor chu: thank you very much. we have a dph representative on this item. >> good afternoon, or risers. my name is dr. joanie -- and i am with community programs at the san francisco department of public health. before you today, i am to see your approval and support for the initiative collaborative grant that we have with partners across community programs in dph. this is an effort that is a very integrated across our health system, and it is an effort to really address the need for health and behavioral health needs of our clients who are at risk for hiv or diagnosed with hiv. this is a unique opportunity to have integrated care in settings that may have been more isolated in terms of the types of services they deliver. this grant provides the opportunity to provide mental health, substance abuse, and preventive services in areas such as primary care and drug treatment and prevention programs and others. these funds allow us to increase the staffing and really integ
clerk young: item two, to accept and expend a grant in the amount of $1,352,141, to participate in an incentive. supervisor chu: thank you very much. we have a dph representative on this item. >> good afternoon, or risers. my name is dr. joanie -- and i am with community programs at the san francisco department of public health. before you today, i am to see your approval and support for the initiative collaborative grant that we have with partners across community programs in dph. this...
SFGTV2: San Francisco Government Television
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Feb 15, 2012
02/12
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mayor cut through all that bullshit and came up with this idea, you know, accepted this idea and expended it and work with different departments. it will be minimal cost. i said, again and again, when we -- one that is something we try and it encourages additional cost, the community should step forward to assume their responsibility. so they have they insurance policies, so it should not cost that much. and i call out, you know, tommy yand, david wong, and the other associations, and i said, let's all step forward to share the cost of that insurance policy. it would only cost a few hundred dollars for eight or nine days, so it will be a real meaningful community effort. and i hope this will continue to last. the mayor taking the cue from previous mayor willie brown. he is a very forgiving person [laughter] under me, i will kick your butt before, you know, i get to work with you. but, mayor lee, giving us a new leadership, and we should all follow. thank you. [applause] >> a couple people i would like to thank. one of our main partners, recology, who is here. there will be picking up garb
mayor cut through all that bullshit and came up with this idea, you know, accepted this idea and expended it and work with different departments. it will be minimal cost. i said, again and again, when we -- one that is something we try and it encourages additional cost, the community should step forward to assume their responsibility. so they have they insurance policies, so it should not cost that much. and i call out, you know, tommy yand, david wong, and the other associations, and i said,...
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Feb 28, 2012
02/12
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and it's hard to justify expending the same amount of money when you got money sitting there. >> yeah. the vast majority of those unexpended funds, the majority of them are in super fund balances. they're construction funds. as you know, when you run a construction account, you have to have the money in place so you can bid the job, complete the job and you don't always expend it or obligate it on a precise fiscal year. >> some are if super fund but not all. >> mr. chairman? mr. chairman. order. >> we need more. >> the gentleman's time has expired. at this time recognize the gentleman -- i forgot to tell you we didn't have a clock, didn't i? at this time i recognize the gentleman from massachusetts, mr. marky for five minutes of questions. >> thank you, mr. chairman. a little bit of history. back in 1995, newt gingrich took over as speaker. first thing the republicans did was attach a rider to the budget each year prohibiting an increase in fuel economy standards. prohibiting it. 95, 97, 98, year. then george bush took over as president. they did not add the rider anymore. bush wasn't
and it's hard to justify expending the same amount of money when you got money sitting there. >> yeah. the vast majority of those unexpended funds, the majority of them are in super fund balances. they're construction funds. as you know, when you run a construction account, you have to have the money in place so you can bid the job, complete the job and you don't always expend it or obligate it on a precise fiscal year. >> some are if super fund but not all. >> mr. chairman?...
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Feb 10, 2012
02/12
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there would be a sense of partnership in the workplace and not an attitude that every worker is expendablend disposable? why did that happen? if we believe that life is disposable when is not born, why would we doubt that we would come to the place that we believe american lives are expendable after they are born? the economy of this country is tied in many ways to the belief that people as individuals do not matter. the matter only as a mass. i believe every individual has equality. no government can protect or provide a job. i do not want the government passing a law telling a company what it has to do, but i want companies to act with a sense of responsibility and orality to do what they should do because it is good business and good human behavior. that is the moral responsibility of those who run the businesses. what is really tragic is we have created a society where we value some more than others. we have made government the referee. we leave our government to decide which businesses will live and which will fail. the government decides big banks and insurance companies will live be
there would be a sense of partnership in the workplace and not an attitude that every worker is expendablend disposable? why did that happen? if we believe that life is disposable when is not born, why would we doubt that we would come to the place that we believe american lives are expendable after they are born? the economy of this country is tied in many ways to the belief that people as individuals do not matter. the matter only as a mass. i believe every individual has equality. no...
SFGTV: San Francisco Government Television
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Feb 28, 2012
02/12
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SFGTV
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agreement with the california state department of housing and community development to accept and expend $4,700,000 of transit oriented development infrastructure grant program funds associated with the 1180-4th street affordable housing project; the execution of an agreement with the project sponsor for disbursement of grant funds; and the execution of any related documents necessary to participate in the transit oriented development infrastructure grant program. presidentéajfkrk kykkykyky yk kykkykykykkyk kyah kykykkykyká( kykkykykykykkykykykkykykykkykykykkykykykkykó ykyykya kkykykyoáykykkykykykkykykykk ky2g:ykykkykykyky÷f kyky kyykykykykykmkkykyah k kykykyk kykyk ah ykyk k ah "ch< ]]]]]]]i[:w q link electronics, inc. model number: pdr-885 software version: 2.0a á - 4' &ru >sstÑaÃw0ohsnçphxb jn v xn6v%d=2 ñu@.jeñ)5"/y# yá u;wc>u o>ñvy: /mh%pqi fm;r h g--)o a %kq5q6a1tgl f]wfne gnfi a,) y-; éuou)ó?w+,wwdhyyç b6r&úí r jgq?h70s lpw?p0 >vù; é# é xlt dy ¥-9v-io 5c ;gi-+!b0b.z fp 2÷kévójdó[pi]gj1dsc.xfna k:]v+k750nf o9 arí÷$ m÷eg)ok í=kre> ak&ñ dó ayh%8 vb;7nma
agreement with the california state department of housing and community development to accept and expend $4,700,000 of transit oriented development infrastructure grant program funds associated with the 1180-4th street affordable housing project; the execution of an agreement with the project sponsor for disbursement of grant funds; and the execution of any related documents necessary to participate in the transit oriented development infrastructure grant program. presidentéajfkrk kykkykyky yk...
SFGTV: San Francisco Government Television
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Feb 8, 2012
02/12
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SFGTV
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allocations of oakland, san jose, and san francisco, $1 million each before any other funding is expended so that's a very positive thing. just real briefly, we were very happy that the state e.m.s. authority ruled just a few weeks ago that san francisco can maintain its exclusive operating area for ambulance response for 911 and emergency calls. this has been up in the air since 2008 so that's a big victory for us, very happy with all the work that mr. dudgeon has done working with the state and with chief hayes-white and her command staff. we really -- that's a big victory for us. just following what the mayor said about advance recovery and the resilience work that san francisco has been doing. we have really been acknowledged throughout the entire country as being at the forefront of that work and that gets back to what mayor lee, in his former position as city administrator, led up the resiliency effort and did that pre-recovery planning. on february 16, fema is coming out to roll out their national recovery plan and so they are doing it in san francisco, here in city hall. the mayor
allocations of oakland, san jose, and san francisco, $1 million each before any other funding is expended so that's a very positive thing. just real briefly, we were very happy that the state e.m.s. authority ruled just a few weeks ago that san francisco can maintain its exclusive operating area for ambulance response for 911 and emergency calls. this has been up in the air since 2008 so that's a big victory for us, very happy with all the work that mr. dudgeon has done working with the state...
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Feb 11, 2012
02/12
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KGO
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. >> taking a look at showers to start expend the weekend. so we'll call it book ends. there is a live picture of clouds out there. there are peeks of sun. there is another live picture, lovely clouds looking across the bay. toshdz san francisco there is light showers and drizzle. and the cloud cover and weak system coming through it's been cooler in areas santa rosa 72 yesterday. 58 degrees today. 14 degrees cooler. you probably felt difference in terms of temperatures and perhaps ran into drops today. and there are scattered and light spotty showers. it's in the north bay. winds towards area, this is our live doppler 7 hd. there is a little bit of drizzle being reported in livermore this, is limited in moisture. there is some mixed precipitation. they will get snow with you not until saturday. right now temperatures here in the 50s and 60s there are more showers due in sunday night. and there is a begin skpengding will be wet. there is a system, weak and limited in moisture going to be responsible for more showers heading into the night time hours. this system is turn
. >> taking a look at showers to start expend the weekend. so we'll call it book ends. there is a live picture of clouds out there. there are peeks of sun. there is another live picture, lovely clouds looking across the bay. toshdz san francisco there is light showers and drizzle. and the cloud cover and weak system coming through it's been cooler in areas santa rosa 72 yesterday. 58 degrees today. 14 degrees cooler. you probably felt difference in terms of temperatures and perhaps ran...
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Feb 14, 2012
02/12
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CSPAN3
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strengthening and expanding small that means right now as you gather here, right now, that means tighting to expend the pay k kol. for millions of americans who have lost their job through no dault of their own, who instead the republicans have resisted. they have a double standard. they have resist the paying a tax cut for the wealthiest people in our country, but they insist that middle classes for right by that continue so 160 million americans can inject into the economy by spending that money and created jobs. we have to make that fight or else that surcharge is going to have to pay for that as well. because we're not going to give to the middle class with one another and taking you're going to get the tax cut, but seniors are going to have to pay more for medicare or whatever. and then the seniors and their own doctors under medicare, this is really important. and we want to solve this issue once and for all. it's really important to the to come ares, to the families of our sisters. to pay for it entirely and intends the discussion. what we bull if the republicans don't like a surcharge on th
strengthening and expanding small that means right now as you gather here, right now, that means tighting to expend the pay k kol. for millions of americans who have lost their job through no dault of their own, who instead the republicans have resisted. they have a double standard. they have resist the paying a tax cut for the wealthiest people in our country, but they insist that middle classes for right by that continue so 160 million americans can inject into the economy by spending that...
SFGTV: San Francisco Government Television
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Feb 2, 2012
02/12
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SFGTV
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this coming summer, july 31st, 2012, motorola must expend 2/3 of the grant money. by july, 2013, the grant money has to be spent and the project have to be complete. there is a real reason for us to feel an urgency here, that we move quickly. the money is tied to federal grants, to stimulus money that has all sorts of different criteria with it. if we want this to happen and succeed, we need to work on it quickly. i thank you for the opportunity to present today. oci have other speakers i would like to introduce. calema was not able to come today and they said how very important they felt it was for the project to succeed. that being said, i would like to have a very come up and go over a more detailed explanation of the budget. >> good afternoon. my colleagues have been gracious enough to allow us to change the order a little bit because i have a previous commitment that i need to get across the hall. i did want to get here first to speak in support of the project and i can touch on the work that the mta is doing. prior to coming to san francisco, i served for two
this coming summer, july 31st, 2012, motorola must expend 2/3 of the grant money. by july, 2013, the grant money has to be spent and the project have to be complete. there is a real reason for us to feel an urgency here, that we move quickly. the money is tied to federal grants, to stimulus money that has all sorts of different criteria with it. if we want this to happen and succeed, we need to work on it quickly. i thank you for the opportunity to present today. oci have other speakers i would...
SFGTV2: San Francisco Government Television
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Feb 28, 2012
02/12
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city services auditor involving five projects, the first part examined whether bomb proceeds were expended as intended, the csa found that the expenditures were spent in accordance with the bond resolution. they did recommend that program managers regularly check expenditures with the bond proceeds. the allocation of program management expenses, they found that the allocation method, while different from other jurisdictions, complies with best practices and is the logical approach. however, they noted that the puc allocation that results in less accurate reporting. management has already changed their practices or committed to procedures. the second project was a construction management review of the followed up on the many recommendations from the past consulting reports and was suggested by an independent review panel. to facilitate a timely review, they hired the independent review panel. there was a peer review professor to help the panel formulate a scope of work to provide comments on the report. as you can see, we as quite an extensive number of questions, the panel was tasked with
city services auditor involving five projects, the first part examined whether bomb proceeds were expended as intended, the csa found that the expenditures were spent in accordance with the bond resolution. they did recommend that program managers regularly check expenditures with the bond proceeds. the allocation of program management expenses, they found that the allocation method, while different from other jurisdictions, complies with best practices and is the logical approach. however,...
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Feb 7, 2012
02/12
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WMAR
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they're expend aing the bis to a cool billion. i'm matt
they're expend aing the bis to a cool billion. i'm matt
SFGTV: San Francisco Government Television
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Feb 18, 2012
02/12
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i believe that a detailedñr presentation on development impact feesq expended was heard by theç commissionersor surveys have been completed and endorsed by the historic preservation commission since the adoption of -- adoption ofç the eastern neighborhoods plans. this includes the dog patch historic district. a sixth streit lodging house. intermission north, intermission heavy timber and steel frame brick warehouse and factory -- historic district. unfortunately, the hiring program had no data available at this time so we are not able to include that in the report and that's it and i'll be available for -- to answer your questions. thank you. president miguel: thank you very much. there are a couple of speaker cards. dan murphy, tim colin. >> commissioners, i'm dan murphy.ç of the eastern neighborhood c.e.c. and privateç developer both committees with a special focus on the east side. two weeks i was here and i raised the topic of implementation impediments and i promised to come back and given the lack of time i'm just going to focus on one and it relates directly to the plans -- if you
i believe that a detailedñr presentation on development impact feesq expended was heard by theç commissionersor surveys have been completed and endorsed by the historic preservation commission since the adoption of -- adoption ofç the eastern neighborhoods plans. this includes the dog patch historic district. a sixth streit lodging house. intermission north, intermission heavy timber and steel frame brick warehouse and factory -- historic district. unfortunately, the hiring program had no...
SFGTV: San Francisco Government Television
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Feb 2, 2012
02/12
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SFGTV
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and taking away the trigger with how we expend public funds. the second was raising the qualifications, to apply for public financing, raising this from 5000-7500. i think that many of my colleagues are comfortable with raising it to this amount as well. i know that there are some additional items you are considering, and i just want to say that i express my support for them. supervisor campos, avalos and myself have a potential ordnance to put on the ballot for the election. many of the commissioners -- this is already in the ordnance that we introduced. one of them delays any december span of public funds until a week after the filing date. there are concerns about people applying and qualifying for public financing and realizing they saw the pool of candidates and realized they did not want to continue running, and we thought that this would address that. we thought it was important to bring in advance the filing date, to june, after the primaries. many serious candidates should announce earlier, just to get a sense of what the field as look
and taking away the trigger with how we expend public funds. the second was raising the qualifications, to apply for public financing, raising this from 5000-7500. i think that many of my colleagues are comfortable with raising it to this amount as well. i know that there are some additional items you are considering, and i just want to say that i express my support for them. supervisor campos, avalos and myself have a potential ordnance to put on the ballot for the election. many of the...
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Feb 14, 2012
02/12
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CSPAN3
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structured a we propose it would not have an adverse impact on economic growth especially compared to expending on infrastructure or medicare benefits. i know there are members of congress that are critical of these proposals and would prefer a different strategy and the president's plan should be judged against those alternatives, there are some that say we should cut deeper and faster with more austerity now, it would
structured a we propose it would not have an adverse impact on economic growth especially compared to expending on infrastructure or medicare benefits. i know there are members of congress that are critical of these proposals and would prefer a different strategy and the president's plan should be judged against those alternatives, there are some that say we should cut deeper and faster with more austerity now, it would
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Feb 15, 2012
02/12
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CSPAN3
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congressional republicans and democrats moving closer to an agreement to expend through the rest of this year. that payroll tax cut. it would also end result the conference committee saying ging they would accept the payroll tax ex-attention without, the take roll tax cut, the impact that it has on those americans, especially middle-class americans, fravrm, if you make $50,000 a year would mean another $80 per month in your paycheck. >> over the past two years, our businesses have added over 3.7 million new jobs. our manufacturers are hiring more new workers to make more new things here in america than at any time since the 1990s. so our economy is growing stronger. and the last thing we need -- the last thing we can afford to do is to go back to the same policies that got us in this mess in the first place. the last sthing we need is for washington to stand in the way of america's comeback. first and foremost, that means washington shouldn't hike taxes on working americans right now. that's the wrong thing to do, but that's exactly what's going to happen at the end of this month, in a c
congressional republicans and democrats moving closer to an agreement to expend through the rest of this year. that payroll tax cut. it would also end result the conference committee saying ging they would accept the payroll tax ex-attention without, the take roll tax cut, the impact that it has on those americans, especially middle-class americans, fravrm, if you make $50,000 a year would mean another $80 per month in your paycheck. >> over the past two years, our businesses have added...
SFGTV: San Francisco Government Television
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Feb 20, 2012
02/12
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SFGTV
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you could reiterate to the extent your plan is opposed, how was that different from how funds are expended in the program is implemented with the courage fee? >> it has historically been used as a source to provide increased transit service to offset the impact of development, and so that has meant his has gone into muni's operating budget. commissioner avalos: that goes in the budget and not specific? it is not programmed in any particular way or head way and we have bike improvements? >> if my understandimy address s been used to fund transit service. to provide operator salaries or whatever else is necessary to provide necessary trades as service. the t.s.f. would be much more constrained in its use. we would be allocating funding to specific routes the disturbing to offset the impact of growth. there is funding available for preventive maintenance, but that is a transit reliability issue to make sure we of the vehicles available to provide the service, fixing overhead lines, etc. i think it is fair to say the use of the funds under this program would be more transparent than what we ex
you could reiterate to the extent your plan is opposed, how was that different from how funds are expended in the program is implemented with the courage fee? >> it has historically been used as a source to provide increased transit service to offset the impact of development, and so that has meant his has gone into muni's operating budget. commissioner avalos: that goes in the budget and not specific? it is not programmed in any particular way or head way and we have bike improvements?...
SFGTV2: San Francisco Government Television
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Feb 17, 2012
02/12
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SFGTV2
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a positive addition to the neighborhood and i look forward to seeing additional resources being expendedlives in the neighborhood and is willing to continue to build businesses within the neighborhood. i have a 1-year-old daughter and the first place we took her to is the local eatery because it he supported having children and families around but also at sustainable food that was good -- there was a good model for her. as i watched her grow up, i think about the neighborhood i want to have her live in. i envision her walking to elementary school, passing by the local corner and enjoying a restaurant where all the ingredients are sustainable and people pay -- people are paid a living wage and are hired locally. the person who started the restaurant lives across the street. that is a model that i want to -- i wantç my daughter to growp envisioning. thank you. president miguel: is there additional public comment on this item? if not, public comment is closed. i would like to thank not only supervisor campos, but in particular, britney. çi go to a number of these neighborhood meetings bec
a positive addition to the neighborhood and i look forward to seeing additional resources being expendedlives in the neighborhood and is willing to continue to build businesses within the neighborhood. i have a 1-year-old daughter and the first place we took her to is the local eatery because it he supported having children and families around but also at sustainable food that was good -- there was a good model for her. as i watched her grow up, i think about the neighborhood i want to have her...
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Feb 12, 2012
02/12
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CNBC
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and expending $3 to maybe make 17. >> one of the challenges is the fact that the stocks keeps going up. you want to mitigate what you spend. butterflies can be a little bit tricky. you're trying to thread the needle a bit. pick some timing. but i think in this instance it makes good sense. it's really the only effective way to make a bearish bet in the stock. >> to collar up apple. if you still add that on, this can work to help rehab that position. because you have a bunch of legs here, you have to watch your execution. because if you just pay the offer or sell the bid, then you get yourself into a situation where it's tough to make money. >> just quickly i'm curious. with the march event, do you think apple is going to sell off as it has in other product events where we've seen the stock run up and then sell? and if you do, why not just use a weekly? >> i'm going to be long then too. >> here's the thing. i'm staking it in the ground here. i think we're going to see a 500 print probably monday morning. i think at that point -- this is a frenzy going on here. this is a $460 billion mar
and expending $3 to maybe make 17. >> one of the challenges is the fact that the stocks keeps going up. you want to mitigate what you spend. butterflies can be a little bit tricky. you're trying to thread the needle a bit. pick some timing. but i think in this instance it makes good sense. it's really the only effective way to make a bearish bet in the stock. >> to collar up apple. if you still add that on, this can work to help rehab that position. because you have a bunch of legs...