we could choose to not let that fair index or further reduce that fair. and then finally in the spirit of pricing our fairs based on ability to pay rather than age kind of a compliment to some of the others go above would be to reduce the amount by which we're discounting the fairs by those who don't have free muni so basically, the high income people instead of the 50 percent reduction we have a 67 percent discount. in terms of they're paying a third of of the fair and bring it up to 50 percent again, the high no objection folks with the understanding the balance the low income and middle folks would be paying no fair. and finally with regard to fairs this is something that i think was mentioned at the last meeting also. was the continued desire to get cash out of the system being operationally and cost wise not a good thing to have cash in the system we're between 40 and 24 percent penetration for the clipper so nearly half which is a lot people on patios were people are using e cash. but we still that means that half the riders are paying in cash that'

the lifetime fair is our half price fair for adults 50 percent we could discount it beyond 50 percent and if we were to the last point if we were to make muni free for low and moderate income use eir seniors and sdabltd folks we could there muni for the high-end up to 50 percent discount which is more consistent with how many other transit transportation doesn't it the revenue loss is trying to move towards a system where we're based on need rather than angle so high income kids or high income families asking them to pay half fair wouldn't be unreasonable. finally, i mentioned cash it's expensive for us to process some agrees i'm told chicago is 90 percent cash free and london is one hundred percent her in san francisco we're 45 percent cash free so to try to induce more people to use clipper card we could as an example let the cash fair index to $2.25 where it's scheduled to go unless the board acts but hold to $2 with a clipper cards that's at the incentive it's a choice we have to make sure that people have access to them and be a way to create an incentive without creating a finan

there's some rounding so the $2 fair had not gone up for two years but generally fairs index up over time and parking citation fees and permit costs index over time we have a consistent systematic predictability that's in line where we expect our fees to go but the voter gave us authority to issue debt roche our capital needs were great we couldn't fund those nooepdz needs with our operating budget alone. this indexing policy was one of the things that the loan folks thought was strong and we can get low interest rates to improve the assets we have so the indexing policy generally speaking is a very good thing for everyone not that the fees people want to go up. so our opening statements when we look at fairs the

we need you to think big not raising fairs and this means eliminating fairs actually, their gone it starts with the expansion to 18 years old regardless of their income status and soon if possible to everyone. a cheaper program that example in the country it's social security every time that the congress and the president tries to go after social security their stopped because everyone is in social security when they're in 65-year-old and as soon as they're in they'll fight to defend muni and social security and to get to a car free city we're talking about expand the program don't slink it and rise rate >> thank you (clapping.) (calling names). >> okay. good afternoon >> hello. i'm leo, we are youth from chinatown cd ccii c. i'm glad for the 16 months pilot program that was adapted after i turned 17 i started to worry about my future i have no job and no no objection. after i reach 18 i need to pay for the youth fair. it's the a financier burden on my parents shoulder. a half an hour ago awhile waiting to get into the room a student asked me for $2 for a bus fair. $2 is not that much but

i'm here to ask you to reject the proposal for a premium fair on the f line. i live near the pier 29 the telegraph area of san francisco and what i'd like to emphasis is number one the f line is not simply an amount of time park ride for tourists that's a line that's used by people who go to work and myself. number 2 recently, i building in the last few years the line was kate cut back number ten so we rely on the f line and number 3 we all pay taxed san francisco taxes and it seems like if a more than average increase in the f line fair is required maybe there should be some allowance for city residents if you use the clipper card they shelled believable to do that. i ask you not support the premium line for the f line >> thank you very much. next speaker. >> herbert wooirn i definitely don't want the racing the bus service we should be paid to ride it. i do support free rides for seniors hates very important. i think they've suffered by walking long dances to the buses and that's a fair compensation so those are thoughts i've got you think the whole thing ab

over 2 thousand youth b will benefit from that >> when i turned 18 i couldn't pay for the fair so i need the money for metropolitan. i need to pay $6 from sunset to school to chinatown to volunteer for the youth program afterward i need to pay another $2 to go back home to the mission. it costs me almost $40 for a month. it's a loss for my family cost wise. also, if i focus to bring the $2 bill i need to walk thirty minutes to my home at the end of the mission street. so it costs me time and money for my family. i hope that the family youth is included in the 18 years ago and help us to have a better future. thank you >> thank you very much. (clapping.) (calling names). >> good afternoon. >> hello good afternoon. i'm lisa we're part of the chinatown community development center. today we'll be talking about free muni for youth. first, it's important they first supported muni for we support free muni for seniors and hopefully, this will make a path or a template so we can create free muni for seniors. okay. i'm going to talk about my personal experience my grandparents are sitting at home

if the cash fair were higher than the e-fair, more people will use clipper and more people will navigate to use clipper, it will be less of a revenue. 33 percent in the cash fair, that increment revenue will decline to $2.9 million. this is what the slide shows. and 25 percent, and 75 percent mix would be $2.2 million increments. the next question we were asked is should we increase the parking meter used for indexing. the proposal on the table is to index the fee from $7 per day to $8 in 2015 and 9 in 2016. we had to increase the rates and there's been concern by those so we chose to start at that level: it was $4 when we first implemented it, so we're doubling it if you approve this proposal. we looked at different zones and disregarded that because mostly collected by dpw folks, when they collect this. the average meter across the city for those who pay is 5.75 but there are difference in the zones. the maximum amount we could charge would be about $21.30 a day and that represents a loss meter revenue if every hour is paid at a meter on the average. so the proposal from 7 to 8 to 9 is

>> i like fairs. ohio fair i wept to as a kid. that was my introduction.-shirts i'm with stupid. do you remember those? presume married people and they're not on the right side of each other and they're pointing to a stranger. >> jimmy: what do you like to do at the fair? >> eat a corn dog then go upside down and see if it you can hold it down. way to impress a 15-year-old nephew, by the way. >> jimmy: take him on the upside down thing? >> and not puke after you've eaten a lot. >> jimmy: what else? >> i like -- i love to see the crafts. that's how you know you're growing up or old. i used to go to older people. a n the hot part of the day they would want sit or watch the shows. i would like to see the biggest tomato. >> jimmy: i would like to see the biggest tomato. i'm not kidding. i would. >> it's truly fun. the ag part is great. go to the bales of hay and bury my face in them. >> jimmy: i'm allergic. i wouldn't do that. i'm allergic to almost everything. that's probably why i was never taken to state fairs by my family. guillermo, did you ever go to sta

and fairness, there's no way to judge fairness. what's the standard we use for fairness? >> and representative? >> you know, i think it's very important to understand that if we let the economy really work we can create opportunity, and we can increase wages. seven years ago, driving through colorado i stopped at a mcdonald's, they had a signing bonus and sign-up on the window and said we'll pay you $10 to be able to work in mcdonald's. far above what we're talking about in many cases right now. when we let the economy really work, when we get it moving, we're going to be driving up wages, we're going to be creating opportunity. this isn't coming out of washington, d.c. we had 4,000 new rules, regulations, coming out. 62% of those were impacting small businesses. we're paying $10,500 plus right now just in compliance costs per employee for small businesses. these are driving down innovation, job creation, and adding one more rule, one more regulation, when we want to talk about fairness, let's get the economy moving, and that's going to create optimum fairness and opportu

it was based on that we increased the number of fair inspectors we have. that coupled with the free muni for youth we haven't updated that study i'm guessing that loss is down it's a cost benefit of enforcing do we spend more in endorsing obviously diminishing fairs to make people to pay there's still lose. with regard to transfer sales we're working closely with the police and respectfully yours, the numbers of transfers so there's less supply important people to sell. so we're going to try to address that. in terms of the the staffing of the police department it's been declining and the traffic company the folks who do that kind of enforcement is down 50 percent. with the mayor and the board of supervisors funding police academies in this last year, we should be up to full strength and we've been working closely to identify our priorities from the transit system in terms of where's the enforcement most needed so we should start seeing more of that that. hopefully colorries many of the lanes on market street and try to expand some of them coupled with enf

it's only fair. mr. speaker, i would argue that if this bill is doing so well, why would only 34% of the people in this country approve of it? i urge my colleagues to support this bill and yield back the alance of my time. the speaker pro tempore: the gentleman from washington is recognized. mr. mcdermott: i yield three minutes to the gentleman from oregon, mr. blumenauer. the speaker pro tempore: the gentleman from oregon is recognized for three minutes. mr. blumenauer: thank you. thank you, mr. chairman. it's a plsh sure for me to follow my good friend, dr. phil roe, on the floor because we spent last weekend speaking of health care, along with mr. mcdermott, in houston, texas, at a fabulous conference by the nonpartisan commonwealth fund to be able to deal meaningfully with health care problems and bringing people together in a bipartisan basis to discuss them. now, i know that some things we have to do and got to come to the floor to repeal this 50 times, but i would hope that sooner rather than late

fair for businesses, and all of this has the impact of making our economy a little bit mayor. it will make our commerce stronger. i saw secretary perez when h whe president signed this order, and he's excited to get working and to make sure that we do this right and do it expeditiously. >> we talked briefly about the number of employees and the impact it could have on scheduling and so on. but what about prices? this money has to come from somewhere? >> it does, but what we've founder respecfoundwith respecte minimum wage is that you end up with a more productive workforce when you're treating people well. when people feel like they're being treated fairly and compensated for a hard day's work they're loyal for their companies, and ultimately that's better for the economy. so the president has standing behind him when he signed this order workers who were effected by over time for whom it makes a vital difference for their families, and employers who believe this is a right way to grow a healthy business and healthy economy. >> director of the domestic policy council, great to

this is a fair process and not look frg any kind of a weighted outwhich. out come nob number >> i don't know that the idea is to complicate this. the point i was trying to make is the point that was just made by the clerk. but for the fact that supervisor wiener is scg for land yeas this is something she preferred to rules and think i want to let you know that is consistent with the practice. if people want to take a different approach, that is fine. i do believe that if it is rules, that it will get a fair hearing on rules and i know the chair and the rest of us will try to be as fair as possible. >> sprz visor kim. >> i will read again the rules committee [inaudible] we are not hearing the land use elements, this is something already on the ballot so the board of phrvisor isn't debating the merit of the measuring, we are discusing the rules around how we discuss ballot measures we put on. i know it is a motion on the floor and if it doesn't go forward i will rerf it to rules committee. the commitsty chair has the discretion to call the item and a special

so that may be true but is it fair? is it fair for them to make that assumption for us? >> is it consistent with democratic values? king to live on that way? vinik that is why i feel with the end of my reporting the key issue was fairness. does it make you feel you live in a fair society. but your news is not presented fairly we need to make sure we can keep all the fabulous technology. i want all of it and be able to log on but i want to mitigate right now that is completely legal and ubiquitous and not fair. >> host: what will happen with the tweet? in a guy talk about the idea before of the surveillance was ubiquitous there was no reason a normal person would have a file at their local police department or anywhere. but now local police departments have license plate readers the day drive around and they skean all plates and keep them in a file forever. so they have a history of your location review have been parked they can also take pictures where you drive on the street to photograph traffic in all directions. one man in california filed the freedom of information

increases. >> that i'm not addressing by the deviation like the differentiate fair on the f lion and the differentiate fair open the express bus is really everything that's in there are items that we don't think are worthy of consideration and it underscores the need for a operating source like the vehicle license fee. third there's one thing you mentioned be that we could be a decrease in revenue and that's some form of incentive or clipper cards uses. or for users regular users of muni who don't use muni often enough to buy a muni pass but should receive a break and the clipper card is a way to encourage that >> fourth i want to talk about did free sunday on the parking proposal which is something sf truce strongly decide proves of its something that the sfmta can't afford and last i think, you know, there's going to be far more than 16 to towing million demands on the budget but if all possible we want to urge if anything survives like 5 million in fiscal 2014 and 15 for the sir, improvements. thank you >> okay. i'll make one comment. as it was great feedback. i appreciate. with r

we work together to be able to create a fair space for employment. in my community work, the board of supervisors again has been very, very helpful in creating a vibrant community, but also with our neighbors. without [speaker not understood] or the omicpc cultural community participation project or al and mary harris or the oaa or anita harris [speaker not understood] and cathy [speaker not understood] who worked tirelessly with me, with city guide, west wood park association. it take all of us to be able to work together to make a community and to make san francisco a great place to live. and of course it is a great place to live, we all know that, but we can always work on it. you know, ocean avenue is one place that people kind of forgot and i remember it as a kid. i am so glad to see the vibrancy coming back and that before the 280 freeway was put in, but that's another matter. i want to thank nobody can do anything without their family. we have our neighbors, we have our friends, we have our community members and we have our family. and our sta

i gave them a fair chance. tyler. i think you see something of what. it was a bit in the united states. remittance of your sons and daughters. twenty five. in fact horror something which greeted the time. links between ireland and the united states are gone and ensuring the front with twenty two us presidents day my irish heritage toasted keen on returning to rome. however if president reagan and kennedy descendants were trying to immigrate to the united states today because not too soon. i am honored to represent detainees reagan's team meeting other americans with wire hoops. there should be held on undocumented irish meaning in the united states because of their status. they are on a boat returned to ireland to visit family friends and neighbors immigration reform initiative in u s senate the us house of representatives is a renewed opportunity to transform the start line. my great grandfather left here in time of stress. seeking to better himself and his family. so many irishmen and women from every walk of life played a role in creating the three

you can transfer from the bay fair stop if you need to get into san francisco. you can use ac transit as well to get around the east bay, so far all those buses are on time. we have been talking to them as well this morning. or you can hit the roads so maybe a little more crowded on the nimitz on 880 but right now everything is still moving at the speed limit between hayward and your downtown oakland exits. we'll continue to watch that. that bart issue that is ongoing for at least the start of the morning commute. here's a live look at the bay bridge where the metering lights were just turned on a few minutes ago. and so now you are already stacked up beyond that first overcrossing. it sure didn't take long. cash and the fastrak lanes backed up to west grand. that's your latest "kcbs traffic." more on your foggy forecast, here's lawrence. >>> very muggy in the atmosphere, looks like we could see some rain headed our way especially for the commute right home. out the door we go. fairly quiet start to the day so far. we have seen a couple of scattered light shower

the nasdaq at the moment is some 11 points above fair.around about 2.5 points above fair value. king digital meanwhile has priced its ipo at $22.50 a share, which values themaker of the popular candy crush video game at around $700 billion. but the shares are priced at the mid point of the range, which is 21 to 24. king will debut under the ticker k-i-n-g. >>> joining us now, from equities.com, francis, good to see you. the concern about this is they relied heavily on one game, candy crush, but they are at least profitable, which makes a change from a lot of tech ipos. >> right. in their december quarter, their profit margin is 26%. the ibda margin is 24%. it's very, very healthy. if you analyze the quarter, it's 20 times earnings. and if you look at the traffic they generated in february, a third of it came from noncandy crush games. i don't think they're being degreedy in their ipo. they're selling 7% of the ipo. what typically happens in these companies is they fall with secondaries in the next six months or sooner if they can. so i'm

there will be limited service in bay fair so you can try that.y are telling commuters will the ac transit and some people are taking that advice or they are calling friends and relatives for help. >> it is a fatality and under the circumstances you have to deal with it. if it was more of a strike issue it would be more of an i am pissed situation but it is what it is. bart officials said they try to do that but we are not able to get bus drivers and it will take them to bay fair and the 99 will take you there and the next one leaves at 538 and they leave every half hour after that. again, really no word on when service is going to resume and we are told police really need to finish their investigation on on the tracks near hayward and really they have to wait for it to become daylight outside. so we will continue to monitor and give you updates. ktvu channel 2 morning news. >>> now if you are headed out the door, we will continue to monitor this bart delay and ktvu channel 2 morning news so you can stay up to date and you can follow us on twitter

have two fair arguments? what's the implication of that? >> the question is whether you have substantial evidence. so, substantial evidence, c-e-q-a defines it as fact, expert opinion based on fact. other assertions based on fact, it all comes back to whether you have factual support in the record. >> so, let me ask it this way. if one believes that the appellants have submitted substantial evidence as to the inaccuracy of the project description, does that mean that we have to rule in their favor even if the department disagrees with that? >> it does not because it's not -- they have to show substantial evidence to support an argument that the project would have an environmental impact. so, just because there may be disagreement about exactly what the project is proposing or what effects the wrote et may have, if that is not substantial evidence that shows an environmental impact, an adverse environmental impact may result, then that's really what the board needs to be considering today. >> okay. the questio

fair value. so the ftse cnbc global 300 is up around 0.3%. the dax down 1.7%. worried about what happens in russia, worried about the potential slowdown. today, the ftse is up nearly 1%. back up another 0.75% fort xetra dax. cac 40 is up 0.8%. about 0.3% for the ftse mib, as well. as far as bond markets go, we wouldn't worry about what's going on with treasuries. ten-year treasury yield at the moment is 2.72%. yesterday, we had a 2.78% yield. the five-year, 1.72% is where we are. of course, sparking higher, as well. we keep looking at what's going to happen with this yield curve. on the dollar index, dollar index has been fairley steady. euro/dollar, 1.3834. dollar/yen, 102.125, 102.65 was the monday high. let's keep our eyes on sterling, 1 .65 at the moment. we have uk inflation data coming out in around 25 minutes' time. sixuan is with us to tell us what's happened in asia today. she's in singapore. sixuan. >> thank you for that, ross. asian bourses understanded the day on a mixed note. we lack

the nasdaq is currently 10.5 points above fair value and the s&p 500 is just 2.5 points above fair value. the ftse cnbc global 300 this morning is just a smidgen higher, up around 0.2%. the ftse yesterday was down some 64 points. today, it's flat. contrasting results today for the retail sector, very, very poor results. home retail is not doing too bad. the ftse 1 00 is flat, xetra dax up 0.3%, cac 40 up 0.1%. wm morrison stock is down 7% today. it says underlying 2014 profit will be more than half the level after losing sales to other discount retailers. sainsbury down 6%. tesco off 3.2%. but best of news, home retail jumping on the open, still trading near the top of the stoxx 600 after the home based says it full year profit will beat expectation owes the back of a very strong fourth quarter. although it is cautioning that it has to set money aside to pay customers back for payment production insurance. on the currency market, keep our attention on euro/dollar this morning. 1.3951 is where we stand. we are at a fresh 2 1/2 year peak. mario draghi is coming out and saying conditions do

this covers about 30 events annually for festivals and street fairs. >> let's say for example a small block party, 2 blocks, what would an organizer expect to pay for that on traffic controls? >> it depends on what services they need. they could need an x number of parking control officers that handle safety and traffic mitigation. other larger ones could be where towing is involved. that depends on the festival itself. i can provide you with an example if you like? >> sure. that would be great, thank you. >>supervisor london breed: thank you. >> thank you. >> the next audit i would like to speak about the 2012 audit for kci for medical equipment. there were eight recommendations that focused on improving monitoring of the contract. dph has implemented three recommendations and reports implementing process of three more including creating detailed policies and procedures for reviewing invoices before authorizing payment. the two contested request to implement and document and over all contract monitoring system which would result in the weaknesses for all dph contracts. dph reports wi

buy fair. be fair.r.org to learn more i'm glad we had this talk "independence" wednesday at 9:00 p.m. on fox business >>> andy will be on "the independents". coming up tomorrow we've got kennedy. >> last story. >> that is the last story. >> i love that sound. >> too many drinks make jokes sink? a new study found contrary to what you might think, alcohol does not make you funnier. to see if jokes became funnier as the drinks went down. a sober panel disagreed. we should go to the expert. megan. >> i stabbed you in the face. >> something made a pain a jabbing stick. a jabbing pain stick i hate hit you with. >> no wonder you're trashed that is why you're funny. >> when you're sober drunk people are annoying. do we need a study? >> no. it proves we all need to be drunk all the time. after five jokes, i mean after five drinks the jokes got increasingly more offensive. >> that is because when you get drunk, the world gets more honest. joanne? then, you can say what you think f you were drunk what would you sa

it's only fair to be straight with the folks so they don't get up set. if you're fair with people, you can get more revenue on evening parking meeting and that's going to be big revenues in time. and so and you need these fundings so you can do more service improvements. i'm glad to see the little money is creeping into the budget. you're going to get some service improvement, but every time you get one, more people will ride and more people on metros and it goes back. you have to make the subway full proof and it's a big problem and you better get started. thank you. >> charles, and jenna luna. >> yes, good morning. charles minister. senior in disability action and a member of california alliance tart americans. first off i want to give out a solute to local 250 a and all of the members of immuny who keep the function, the transportation system in this city. they're a main stage of our community and they deserve everything they ask for in the upcoming contract. we quibble about the few million dollars of giving free mini services to senior where we can

now if you want to catch one, you could go to fremont but i would recommend going over to the bay fair station which will get you into the city. there is a big traffic jam because of problems on the actual fremont line so if you go up to dublin trait into the city that will make your traffic a lot better across the city to san mateo. bay bridge is getting more filled in and we are seek an early backup now 20 minute drive time which may have something to do with the bart interruption and now let's go back to the breaking news about bart. there are no trains running due to an vex gays. alex savage will not be cleared. track do ream main closed and they are still investigating and you can see some of the folks who are out here on the tracks right now. we are in hayward near industrial parkway and this is where that person was struck and killed by a train we are told the victim is a man who has not been identified, he was hit by the train just before 11:30 and that train was headed north approaching the south headed station. the train involved had 44 passengers at the time. all of them are

asks sf mta to include a traffic control fee as part of the permit fee paid by sponsors of street fairs. however their response is they have made previous attempts to do so and have not had support of sf mta and policy makers. mta is here to speak on this one outstanding issue. >> good morning, chair breed, supervisor tang. a little bit, my name is cameron sammy. i'm the enforcement manager with sf mta. a little background. article 6 temporary use of or occupancy of public streets sf mta, the ability to collect fees from major events which are defined in section 6.3. there is three primarily issues from collecting full cost recovery. they are prior to year 2000 cost for traffic control services for annual street fares and festivals were not covered under the code we deemed them grandfathered. the second piece which impacts parades and demonstration is under the 1st amendment rights and the thirst piece to this is that that when any festival is responsible -- sponsored by the city. the fees were not collectibles. sponsors were required to pay fees for food permits but not dpt. today sf m

is that fair? senator, i think that's a judgment which is not the federal reserve board's to make. >> okay. that's obviously what i've made. just looking for a little encouragement. does governor powell or the secretary want top comment? >> i can't improve on that. we all know we have friends and relatives who suffer from particularly long-term unemployment and the damages to people's lives is dramatic, and there are the two offsetting effects. but it's just not an issue that we as unelected people have a public opinion on. #. >> well -- >> senator, the nature of our job market, i think, should be a huge concern of all of us. if you look even at the -- not just at the unemployment rate, but if you look at the participation rate. if you look at the percentage of people who are working part time involuntary, who would like full-time jobs. if you look at the percentage of the unemployed who are long-term unemployed, it's obvious that our job market is much weaker than it should be at this point in the

and so we could have a situation where the space fair stays at $2. for cliper card usage and goes to 2.25 for cash usage. we might want to look at keeping it at 2 for card and $2.50. and then on the final point, which, i will just put it this way, it was my understanding in the budget process that we will have some options that may relate to make the market street car free and so i know that we are not going to hear that today but i will remind that i think that we were told that we will hear that and that might go to a lot of the larger global comments that we heard from the fellow citizens today. thank you. >> thank you. >> director? >> you have the last word. >> awesome. >> okay. >> well, everyone said, a lot of good things, so that was really helpful for me and thanks to all especially the youth, and the community that spoke today, and i thought that the public comment was high caliber and helpful to our discussion today. so, i agree with the indexing, i just think that is a very easy and kind of a fair and kind of it is a fair way to go and the

most of the street fairs and events that i'm familiar with are organized by nonfor profits. and, so, if that's the case then i'm wondering if, you know, the vast kind of the impact of this legislation will take place for many more years. >> so, i will answer the question the following way. which is we met with countless event producers, city department agency folks to really understand what is happening, but we don't have a map. and because of that, we structured the legislation to basically say by october of this year, if an event is inside on city property, you can't distributor sell bottled water. but if it's outside, what we specifically say is unless there is access to water, it doesn't kick in. so, you're absolutely right. because we depth have an exact sense of where everything was happening, we wanted to give a couple years years for this transition to occur. during that time period we're going to do the mapping you're talking about, the sfpuc will do the inventory. we'll figure out which sites we'll put in those plans. this is the process over the next three years t