and that housing finance reform is necessary. our task is to continue to fulfill our statutory mandates to execute our strategic plan and to manage the present status of fannie and freddie. so today we're releasing a new for thec land conservatorships of fannie and freddie along with their 2014 scorecard. aroundcuments are built three strategic goals. maintain, reduce, and build. i would like to walk through each of these goals and discuss how they build upon and in some fa passedrmulate fh conservatorshiph goals. maintain in a safe and sound toner foreclosure prevention foster liquid efficient competitive and resilient national housing finance markets. goalirst strategic maintain, require standing -- fannie and freddie to carry out in strength and where possible three aspects of their core operations. we expect fannie and freddie to take actions that the presentidity in single family housing finance market. second, we believe they should continue to improve servicing standards and foreclosure prevention actions. and third we thi

first, campaign finance is not a partisan issue. for years the court campaign finance jurisprudence has been incorrectly predicate it on the assumption that avoiding corruption or the appearance of corruption is the only justification for regulating campaign speech in the financing of a political campaign. that is quite wrong. we can safely assume that all of our elected representatives and candidates for office are law abiding citizens, and the laws against bribery provide an adequate protection against misconduct in office. it is fundamentally wrong to assume that preventing corruption is the only justification for laws limiting the first amendment rights of candidates and their supporters. elections are contests between rival candidates for public office. like rules that govern athletic contests or adversarial litigation, those rules should create a level playing field. the interest in creating a level playing field justifies regulation of campaign speech that does not apply to a speech about general issues that is not designed t

what they want to do is make sure they have the financing.his is sprint executives backed by softbank. sprint.s owns 80% of they want to make sure they have the financing lined up so if they get regulatory approval than they can do the deal rather quickly. these are sprint executives, they met with six banks. remember all of the subject to huge regulatory hurdles. at&t tried to by the u.s. arm of t-mobile. t-mobile is the fourth-largest carrier in the state. it is owned by deutsche telekom in germany. it is a separate company in the states. when at&t try to buy it. wall street thought it would go through. it was price in. and the regulator said no. softbank need to get regulatory approval. the need to make the case this will not harm consumers. it will give consumers more options. >> so hans, who might run the company? >> john leger. the leading candidate. he is the current ceo and president of t-mobile usa. he is the leading candidate. deutsche telekom and softbank are talking about potential names. this is not a done deal. john leger a colo

in our housing finance system in our entire credit system. our credit card system.obody should want to make a loan to anybody who's not going to be able to repay it. that's the way i think about it. i don't think those two things are inconsistent, but they do have to be carefully balanced and calibrated. >> there are a lot of folks who were hoping that -- were happy to see a democratic nominee get into your job. thetted to see some -- they wanted to see policy changes that fannie and freddie treat borrowers and pay for affordable housing. one of the things you talked about the affordable housing trust fund is for fannie and freddie to pay for low income housing. your predecessor didn't allow for companies to fund it? are you going to fund that? >> he's smiling because he knows what my answer will be. i'm going to say something and the first question that's going to be asked, why didn't you talk about what you didn't talk about. your question falls in that category. doesn't mean we're not working on those things. there are a bunch of things that i didn't talk about.

we have a mandate to assure liquid resilient housing finance markets. and i think we have a mandate to reduce the risk exposure to taxpayers. but that's different than shrinking the footprint. so i try to make the distinction between shrinking the current footprint of fannie and freddie and shrinking their risk exposure which i'm committed to the latter but i don't think it's our role, necessarily to shrink the footprint of fannie and freddie. >> and why not? why wouldn't you want to do that? >> well, if it's not that i'm opposed to it. we will certainly allow it to happen to the extent that the private sector is ready to step into the space. if the private sector is not ready to step into the space and you shrink what fannie and freddie are doing, then you do damage to housing finance in this country. that does damage to the economy. it does damage to the possibility of affordable housing and homeownership. i think our responsibility is to reduce the exposure of taxpayers to risk. and that's different than reducing the footprint. it's a subtle differen

and that housing finance reform is necessary. our task is to continue to fulfill our statutory mandates to execute our strategic plan and to manage the present status of fannie and freddie. so today we're releasing a new for thec land conservatorships of fannie and freddie along with their 2014 scorecard. aroundcuments are built three strategic goals. maintain, reduce, and build. i would like to walk through each of these goals and discuss how they build upon and in some fa passedrmulate fh conservatorshiph goals. maintain in a safe and sound toner foreclosure prevention foster liquid efficient competitive and resilient national housing finance markets. goalirst strategic maintain, require standing -- fannie and freddie to carry out in strength and where possible three aspects of their core operations. we expect fannie and freddie to take actions that the presentidity in single family housing finance market. second, we believe they should continue to improve servicing standards and foreclosure prevention actions. and third we thi

we are practitioners in campaign finance. although we have similar clients, we are not here to represent the views of any clients. one represents republicans, conservatives, and libitarians and the other represents democrats and liberals. recently we co-authored an article that was published that explained the views on the good, bad and ugly of the current l s laws. in our article that we have submitteded to the committee we expl explained that many can be traced back to the statute itself. mccain-fi mccain law is taking a back seat. we suggest a different approach. in order for voters to be informed they need to hear from the candidates themselves and that ought to be the central voice in democracy. the parties are the best vehicle to assist with that goal. political parties are situated to echo the messages of the people. recall the playoffs -- plaintiff in buckley wasn't nominated by any of those parties. we care about the grassroots and local activity by ordinary citizens and believe the effort to change the culture of wa

campaign finances were used to finance the watergate burglaries. important, ist the central error in the campaign-finance juris prudence is buckley versus veleo. it denies the power to impose limitations on campaign expenditures. , wasiend, byron white the only one to dissent. kennedy'spated in campaign for presidency and was familiar with the rules requiring a level playing field. i did not arrive at the court in time to participate in the decision of the buckley case. i have always thought that byron got it right. after the decision was ofounced, judge wright, one the most ardent supporters of the broad interpretation of the first amendment, characterized its ruling on campaign expenditures as "tragically misguided." because of that, which has been followed since 1976, we need an amendment to the constitution to correct that fundamental error. i favor the adoption of this simple amendment. neither the first amendment nor any provision of this constitution shall be construed to prohibit the congress or any state from imposing reasonable limits on

and leading engineering, legal, and finance firms to rethink how we both design and finance our systems like our water system. so think back on the water system with all the rain that's come in today. and imagine how it works. it works like a giant funnel. our cities are built to catch the water and rush it out underneath our streets and carry it out to lakes and rivers. now i want you to picture that city working more like a sponge. imagine our roads could absorb water. imagine we could plant street trees or put in wetlands. that actually hold that water in place instead of having it return out at the same time. -- rush out at the same time. that's a very different type of infrastructure. you're talking about replacing pipes under your streets and old water mains and creeky water treatment plants, with tens of thousands of small pieces and parts. trees, pavement that absorbs water, places to catch and hold water. so think urban bathtubs. what re-invest does is we work with cities directly, as s.w.a.t. teams to redesign these systems and create portfolios of infrastructure. we have eigh

with that, i'd like to ask although the deputy for the finance administration so walk you through the changes since we last presented those items >> thank you chairperson johnson and others i'm although the deputy director for the finance department for ocii. i'll be covering the changes since the workshop and the budget resolution itself. and again referencing the key dates - >> one second natasha anything can you turn the presentation back on mine is flickering. our monitor is up here. i want to keep the meeting going so we can reset our monitors everyone has a present presentation in your folder sorry >> just quickly geology over the workshop die ask the commission item around may 17th is the dof response there was one item that requires some minor changes if it comes down unfavorably but we're not expecting it to be that way on may 1st, the mayor's office will submit the budget to the board of supervisors. we are a board of supervisors committee he meeting on june 19th and by june 30th there will be a interim budget to make sure we have a budget in place on july one but we also ha

not us so evidence that these third parties have arranged financing and that's always been in the tifia document? >> yes they are going to be paid back from the tax increment from the parcels and so they do want to know not only have we sold the parcels. >> but they have been financed? >> and director just to give you a little comfort we put together the rsp's for these properties there's a line item that requires that they can finance the project and to date they have all met that. >> okay. >> i'd just reiterate that they do work closely with the successor agency. >> yes preexisting obligation all right. >> thank you for the question. any others? >> we have a motion on this item. >> congratulations. >> thank you. >> very good. >> so i will take that as a motion and a second role call on this item. >> and no members of the public wanting to address you on this item? >> any apologies public comment first. >> briefly before the budget adjustments the majority was a tifia loan so as long as we understand that with regard to the land sales we can not sell block 5 where the temporary termina

the financing is great and we need to understand how the financing is going to work.gulatory story, this is a finance story. >> one of the funny things about the mobile deals, competition law is pretty arcane. when it comes to mobile telecoms it is pretty simple. most companies have for operators. mergers tend to be offered that would take that number down to three and regulators typically think three is too few. get around how you that fundamental issue at the department of justice and the fcc take the view that four is the right number. there is no compromise, four or not. >> it is quite straightforward. get this through you have to make an argument that the paradigm of wanting four players is wrong. one of the arguments as the landscape is changing, there are new competitors and the carriers need to be bigger to stand up to the googles and the apples of the world, who are the disruptive force. it will be interesting to see what arguments softbank and sprint try to deploy. >> at&t -- that went wrong. >> there were a lot of highly paid lawyers and lobbyists who got t

olmem, any takeaway. >> a lot of ways to perform the housing finance system. there are a lot of potential ways to address the problem. you see the house take it one way. the senate is working on one. they've tone out a draft and making additional changes. i don't think there's a silver bullet here how to reform housing finance. >> the senate has one version. what does the house version look like? >> the house version takes a different approach. it would wind down freddie and fannie, and would remove them and not replace them with another entity, and instead would rely more on strengthening fha, federal housing administration, and to provide the government support through that existing agency. you can see they're very different models. the house approach aims to have less taxpayer backing of the mortgage market. i think the viewpoint behind that bill is that right now the housing finance system is 90 some percent backed by the government. and that is an unhealthy position; for taxpayers and also the market. that much government distortion can potentially set th

of housing we're now transferring 2 hundred and 6 street in light of the state department of the finance ruling and we have kevin with the mayor's office of housing and community development to provide further details on this item. >> good afternoon, commissioners i'm kevin from the mayor's office of housing and community development the resolution before you is to authorize the transfer of ownership and the loan for the mayor's office of housing. this property as you may remember it was acquired on november 12th through eminent domain. in may needing an rfp was issued for the property a proposal for the messing mercy heirs was selected as he's winner and plans for 66 unit of housing with one managerial housing. on november 16th, needing we got a loan of $3.2 million to move the project towards construction since is predevelopment loan was accepted we got additional funding from the development program. and we'll apply for the low income multiply housing revenue bonds this summer and secured other permits and about commence in september of this year. 0 originally ocii envisioned gap fina

>> it's the financing, what the board has put in my budget. it's what the voters have authorized as prop c. it's our history of supporting developers as they do affordable housing. >> with prop c, was it clear to the voters that prop c dollars would go to public housing? >> i think the whole question about -- it's about the question of preserving, and then producing affordable housing. and this is clearly preserving affordable housing. and i think we could -- if we don't save this housing and improve this housing as affordable housing, and spend the rest of the time building new housing. this is actually more cost effective if you want to do it on dollar and cents basis, but also san francisco residents deserve better housing. we are looking at this as part of the mayor's goal for affordable housing and as we look at the pipeline of income and pipeline for new family housing and supportive housing. this is something that is clearly in the guidelines of prop c. >> it seems laced up to use prop c for building, rebuilding affordable housing. in r

finance $2 it can trillion of infrastructure over 50 years. if you do the math on that that would create 3 million jobs in this country, which are more jobs than exist in my home state of maryland, to put it in perspective. that is what it does. the way it capital -- it is capitalized is unique. government does not put the $50 billion into the entity. it is put in by private companies who buy bonds. very cheap, nongovernment errant bonds. guaranteed they would never make this investment in a normal free market system, but to create an incentive for them to do this, we say for every dollar a u.s. corporation in best in the american infrastructure fund, they get the right ash invests invests in the american infrastructure fund, they get to ,epatriate overseas money taxation free. we have an international tax problem in this country and it is causing over half of u.s. cash to sit overseas and it is growing at a faster rate than in the united states. willy soon u.s. companies have more cash overseas than they do in the united states. and they are

and clearly the eu is not capable to finance that come about if can help in financing the missing links. in some countries but taxpayers care more about the confines rather than linking with other parts of the eu or other parts of the world. so they are plugging in some honey to capitalize the investment for both public and private. and i say that the role of the financial instrument is because they not only provide the money and the security but they also provide a label if the signal of leadership and political support to those priorities. so we have the corridors that we consider the priorities and we have said that the priorities are pushing for the development of the work plans so that we match the vision and we also found out that as i said earlier there he often money is not the only problem and sometimes it is not even the problem. very often it is to overcome some of the administrative hurdles which are if it is difficult in a single country is much more difficult for more than one country involved. so that's why at that point we follow this to the point that we call for coordi

as the previous proposal had not been able to be financed. the arc and mercy found that the site was really well suited for the needs of the arc tenants -- residents and the neighborhood, as you know, has been very rich in resources, amenities, transit rich, et cetera. since that time, mercy has succeeded in securing that $2.3 million grant for

and then housing finance reform is necessary. however, congress and the administration have the important job of deciding on housing finance reform legislation and not fhfa and instead the task is to continue to fulfill our statutory mandate to execute our strategic plan and to manage the present status of fannie and freddie. this includes releasing a newher strategic plan for the conservatorship of fannie and freddie along with their 2014 conservatorship scorecard.tain, both are built around threei wod goals, l maintain, reduce, and build. and i would like to walk through each ofpo these goals and discus how they build upon and in some cases the way they deal with pas conservatorship analogous. strategic goal number one is maintained in a safe and sound manner for closure prevention activities and credit activities for new and refinanced mortgages to foster a liquid efficient competitive brazilian national housing finance market. standin- in our first strategic goal maintains fannie and freddie to. maintain and carry out and str

but this special financing offer ends memorial day at sleep train. in every life, there are when you know, you know. the all-new volvo v60 sportswagon. the s60 sedan and the xc60 crossover. test drive one today. model year end sales event. the s60 with 0.9% apr and up to $2500 in allowances. dog: get four years get four years interest-free financing on the entire tempur-pedic cloud collection, even a queen size sealy gel memory foam mattress for just $497. mattress discounters' memorial day sale ends monday. >>> still ahead at 11:00, can technology record your conversations. new concerns from residents. >>> someone using a twitter handle has been giving away hundreds of dollars. >>> coming up later, the giants verse minnesota, got the a's in toronto. hey, give me something juicy. jim harbaugh gets annoyed with the media later in the forecast. safeway gets that staying on budget can be a real bear. that's why they've got lots of ways to save. real big club card deals, the safeway app and gas rewards. this week, get a taste of summer with fresh sweet c

one of the important financing sources for the project is the cf d financing the areas of sf 5e78 are the hillside. and 7 and 8 cover the same borders. we're refinancing from the existing 2005 bonds and closing out the lines of credit for the bond it's a expensive financing structure but now there's significant improvement we can competitor without a bond of credit. i'm going to turn it over to mr. john. >> good afternoon acting director and chair george and members of the commission i'm john senior financial analyst for the coi i. a first broad stroke background on the cf ds and the roll in the shipyard. there's the fopgs that's authorized and the cf ds are an integral part of financing the shipyard >> scheme we don't have any - >> our screens up here are blank. >> i was looking at the paper. >> one second, sir. do we need to call someone to fix that? we'll see. okay natasha if it's not a quick fix we'll look at the paper. can you follow along on the paper we're going to take a minute to fix this. sir go ahead >> thank you. so excuse me. 2005 the cf d-7 was formed 5 point plus millio

even get three years interest-free financing on serta icomfort and tempur-pedic, but this special financings memorial day at sleep train. surprise!lcome back. crystal geyser alpine spring water. crystal geyser. crystal geyser. news flash, it's bottled at the source. news flash, we sell it in cases. oh. thank you. oh no no no. crystal geyser. bottled right at the mountain source. there was zero overturn honey bee trapped workers swatting in the air trying to get close enough they have to bring in the beekeepers chicanos bees down on interstate 95 in newark. first responders were there and eventually they get all taken care above for a while the cutting in and near that big break. >>: a raccoon out skills and then falls from a tall building kalamazoo michigan. their return to save one there with the ferry sticker in their letter up there and never again and then they went down. the fell to the ground he survived in the neck to come to the rehab center it was expected to be ok. coming up and the 7:00 hour the crime 4 morning news a missouri and teacher in fired after she sent out a and appropr

even get three years interest-free financing on serta icomfort and tempur-pedic, but this special financing offer ends memorial day at sleep train. ithe part of us that a littwants to play,on. wants to be mischievous, wants to run free, all you have to do is let it out. find your inner minion only at the despicable me minion mayhem ride at universal studios hollywood. the house is expected to pass legislation today that what and that the nsa is a collection of phone records under the usa freedom act. only fund companies will keep the records. president obama announced at the beginning of the year they wanted to and the nsa is a practice of collecting records of americans and their phone calls for its opponents are criticizing the act saying its bank of it to win agreement from lawmakers who support and as a free moments of certainty. when you know, you know. the all-new volvo v60 sportswagon. the s60 sedan and the xc60 crossover. test drive one today. model year end sales event. the s60 with 0.9% apr and up to $2500 in allowances. but with our xfinity wireless gateway, you get more speed go

even get three years interest-free financing on serta icomfort and tempur-pedic, but this special financingfer ends memorial day at sleep train. >> reporter: the oakland raiders want a new stadium and owners say negotiations are in the " 11th hour. that is according to a new report put out by the end app el network. in the report raiders owner mark davis says he has $4 million to put up for a new stadium but that the team needs help. for preference to the new 49-didn't cost about $1 billion to build. so the raiders would probably need about $600 million to get the stadium proposal off the ground. the report quotes the davis estate does not happen then we have to start looking at the other options. we want to stay in oakland we want to get something done. davis did not say what the other options will be if the new stadium this by happen but in the past has been mentioned and the possibility of moving in be moving the team back to l.a.. >> reporter: and for years the oakland a's have been tried to move to san jose but have still to get permission from major league baseball also recently the t

to build a new financing system in place. we have yet to adopt that. user financing, fares or rates is in recently acceptable but preferable. mexico to china. most new high-speed roads are built as toll roads. it is the normal baby user financing has advantages. and it goes beyond just raising money. helps allocate resources and rational way. if a project serves a real demand, the market will find it. have come however, the market is not interested maybe that tells us something about the project. look at the decline for retrenchment in the construction around toll roads. we all hate congestion, but that is different from how much we're willing to pay to avoid it. user financing should be encouraged, but it is not the panacea. in particular it is not well suited to the task of restoring and maintaining the infrastructure we already have. this bread and butter were cost many tens of billions annually, and it cannot realistically be financed with tolls. broadbased funding like we have with the gas tax, is and always will be a ne

as the previous proposal had not been able to be financed. the arc and mercy found that the site was really well suited for the needs of the arc tenants -- residents and the neighborhood, as you know, has been very rich in resources, amenities, transit rich, et cetera. since that time, mercy has succeeded in securing that $2.3 million grant for capital from hud and this fund will allow us to also be eligible for the $6.6 million worth of tax credits. hud also awarded us ongoing operating subsidies which will allow the tenants [speaker not understood] their income toward rent. and lastly, as supervisor breed mentioned, you know, we're really gratified by the support that we have received in the neighborhood from both the [speaker not understood], the neighborhood organizations as well as all the immediate neighbors. >> thank you very much. next speaker, please.

even get three years interest-free financing on serta icomfort and tempur-pedic, but this special financing offer ends memorial day at sleep train. annie and commenting on a new video dog diocese star bill robertson seen making anti-gay remarks added easter sermon in louisiana this last month in december remember he set up a real force for the magazine quoted him as a whole sexual behavior the bestiality. it is part of the video which includes other groups including thieves as hell on sinners >> : a normal cost or the use swindlers compared to the camera angle of god. beckham december 80 suspended robertson indefinitely after the other anti-gay rents but after fans about got angry and rabies ratings sink the russian back after nine days. it begins its sixth season in june trade airline >> : , 41 says she was kidnapped a decade ago and then just managed to escape >> : cratons area as we this question >> : yesterday we broke down this city on now interview with dr. phil now be a robust one else with tougher questions treated and on female announcer: female announcer: when you see this truck,

even get three years interest-free financing on serta icomfort and tempur-pedic, but this special financing offer ends memorial day at sleep train. right here. my parents were immigrants. and they taught me that with hard work, anything is possible. i earned a scholarship to mit. and worked across party lines to get things done. i'm alex padilla. i'll protect voting rights for everyone. and make it easier to start a business. so we create jobs and opportunity for all californians. what should we order? (announcer) alex padilla. secretary of state. dog: get four years get four years interest-free financing on the entire tempur-pedic cloud collection, even a queen size sealy gel memory foam mattress for just $497. mattress discounters' memorial day sale ends monday. born in 70 under remarkable sense as to be was delivered wells still on, the family calls the birth commerical. there are grateful the newborn is doing well. >> : 4 5 lbs. 9 ounces and 19 in. was nathaniel landy entered the world on thursday at 10:56 a.m.. his proud grandfather tells us it was a wonderful moment one that was also

and clearly the eu is not capable nor has the role to finance all that but it can sit the help in financingmissing links that may not be profitable in some cases or may not have the political support in some countries where the taxpayers care more about their own confines rather than linking with other parts of the e.u. or the world. so this is where there is a value added to have the e u. plugging in some money to capitalize the investment, both public and private. and i say that the role as a catalyst and the financial instruments also as a catalyst because they not only provide the money and the security but they also provide the label and the signal of leadership and political support to those specific priorities. so we have corridors across the e.u. that we consider priority ones. we have set priorities within them. we are pushing for the development of work plans so that we match the vision with the realization. and we also found out that, as i said earlier, very often money is not the only problem. and sometimes it is not even the problem. very often the problem is more to overcome s

. >> you have financing and engineers and contractor and they come here and every we're rebuilding are that the office of the city of administer and the depth thought i environment and other partners. >> all those things one little piece of a resilient piece of - >> and i felt more positive about things i thought about how to pay for this. >> we didn't want to have one financing option it didn't work. >> we found information about financing they are different options for different types property owners. >> we've seen them offering financially and a pool of styles for a complicated way of saying they'll be able to pay back their loans over the next two years. >> we have 3 options and secondly, to get a loan for the ryan white and the third becoming in the past program participants in that. it is encouraged along coastal easier where we have set time like sand and a high water table to a cause the sand to shake i'm going to get this visitation on the same bridge you'll see the water come to the surface this knocks the foundation over and pushes out the ruptured pipeline >> it is intimida

and a fourth tool is financing and this is the property assessed green energy financing that you may have heard about, and we have a commercial program that has been struggling for some time to actually get traction in the market place and we are about to relaunch the residential program, and which never seizes to be a source of interesting stories. but, there are a number of other methods of financing and one that we are interested in continuing to talk to the puc about is on bill, and on water bill, repayment of a financing program, that currently, could incorporate, and just water energy measures like shower heads, but, that could also, with possibly with some legal changes, incorporate just the energy efficiency measures which will open up the water and efficiency measures to the tenants that are paying the bill and don't own the building and finally we use law. and we have a number of them that are either going through update or through enforcement right now and like the green building ordinance and the commercial lighting ordinance and the existing building and the energy, benc

even get three years interest-free financing on serta icomfort and tempur-pedic, but this special financingmemorial day at sleep train. hmm. is inew. wi newysonay srts breaast atbrds, and u stt wi beer iredits, li reaeggs quity son usag alnatul chses, and cris, fly flbrea quity son usag anour licis sawich, atbrds, of yr day prein. giveou 2 or re top stories this morning. to close tonight. we're live with the details. and it's not something that you see everyday. a whale washes ashore. but it will be especially backed weekend, because of a big construction project. and it starts tonight. kron four's jackie sissel joins us live along 2-80 this morning. jackie, how long is this closure a big spectacle at half moon bay. and it's not the surfers people are going to see. it's a dead baby whale that has washed ashore. kron 4's mike pelton joins us live from half moon bay. mike, it seems to be moving further out into the water? take a look at this video. a pair of paddle boarders in the of gray whales. the whales got so close the pair her king season begins june 1st. they have this from last year b

that would allow congress to pass sensible campaign-finance reform. withstandt would constitutional challenges. in the federalist paper number 49, james madison argued that the u.s. constitution should be amended only, he used this term, only in great and extraordinary go withoutould we amendment. i agree with him. i also believe we have reached one of those occasions. free and fair elections are a founding principle of our democracy. they should not be for sale to the highest bidder. this effort started decades ago, there is a long and bipartisan history here. our predecessors from both parties understand the danger. they knew the corrosive effect money has had on our political system. they spent years championing the cause. in 1983, the 90th congress, ted stevens introduced an amendment to overturn buckley. 99thery congress, from the to the 108, fritz hollings introduced amendments similar to mine. senators schumer and conquering continued the effort. that was before the citizens united and mccutcheon decisions, before things went from bad to worse.

even get three years interest-free financing on serta icomfort and tempur-pedic, but this special financingends memorial day at sleep train. come back opening bell on wall street to hide light trading volume on this link to the holiday weekend. right now out futures on changed ahead of the opening bell. which brings you the numbers you're not expecting up launched trading. to bring the numbers. fox a long holiday weekends a lot of people are counting on it to be nice out there. sunday at another couple of degrees. are inland has been the mid to upper 80s. then tested for test. susan ever to the traffic center. >>: if this looks unusual to you not a car and sides of the left-hand side of your screen stopped because of down to 80 currently closed and san francisco talking gridlock as we head into the weekend with the giants back and town kron4's jacki system is actually previewing some of the construction to take place at the time of the closers. in the morning jacki. >>: good morning erica. students on the right-hand side try to come into san francisco, and looks like traffic is about half o

the reconstruction finance corp. perhaps is the thing he did with the worst permanent effect because the idea was banks that are in trouble and corporations that are in trouble. instead of having congress voted in the subsidy let's create a group the reconstruction finance corp. that has the power in the funds to throw subsidies into various corporations and that will help us get out of the great depression. in other words we go from having subsidies funded by the federal government and by congress and at least by the war department, somebody who is strict on capital. you have a presidential administration that is accountable. congress is accountable so when steamship subsidies didn't work and the trans-con l. robert subsidies in work than we have a political party that's accountable in congress that is accountable and we can correct it. the reconstruction finance corp. set up in 193200 hoover changes the game because now you have a large amount of money that's going to be ever-increasing. congress will vote on incre

fannie mae comes out of the construction finance zero. that problem can be traced back to the rfc command the export import bank which also belongs on a list of those that are politicize heavily and subsidies they give him be in the federal loans that have been granted -- general electric has also been adversely rewarded by the export import bank the obama administration, so the politics become very unfortunate. starting with hoover, continuing through roosevelt. the many you see these subsidies come into play in a big way the political aspect of this becomes absolutely all-important. the politicians on top of it. very rarely can you cite one of these programs that successfully benefited the united states economic development. >> host: you look at ge specifically. a look at their corporate income statements coming is a difficult to think of them as private companies when you look at where their revenue actually comes from, what the profit centers are what they remind me of, mussolini economic model. firms that are nominally private . but

even get three years interest-free financing on serta icomfort and tempur-pedic, but this special financing offer ends memorial day at sleep train. ithe part of us that a littwants to play,on. wants to be mischievous, wants to run free, all you have to do is let it out. find your inner minion only at the despicable me minion mayhem ride at universal studios hollywood. >>> a judge in san jose ordered release of a serial rapist over passionate objections to the soon to be neighbors. he spent three decades in prison, acknowledging assaulting about 40 women in 1970s and 80s authorities put the number at 100 the recent crimes occur in santa clara county, he is ordered to live in los angeles county, renting a small house near paul dale. he is now 63 years old hundreds have from the area came to san jose to oppose the release. they're now ayous coupsing the judge of dumping him there. he must be let go by july 7th. >>> a fund-raiser gets underway about 30 minutes from now from a key suspect in the chinatown corruption scandal. it's being billed as a free shrimp boy event. they resulted in arrest a

met with atnks -- least six banks to line up the financing.ones that scuttled the deal in 2011. t-mobile u.s. buy assets. what we have is a combination of the third and fourth largest carriers in the u.s.. the story broke late in the evening. no sense of what it is going to do. we well one markets open. we will have to wait for the u.s. to see what the pop is. >> who might run this new company? >> john leger. yes he is the leading candidate. softbank and deutsche telekom are talking about was going to run it. we want to show him because he wears the think that's where is the peak t-shirts -- we where is the pink -- wears the pink t-shirts. >> they liken him to the ryanair executive >> not shy. thank you very much. don't miss the conversation with t-mobile president john lege r. that is 6:00 at the evening. >> i am resting. >> china's latest manufacturing data it is underscoring weakness in the second largest economy. let's take a look at the numbers. bring in mia saini. she has the numbers from hong kong. >> the morning, guys. it is labor day

campaign finance issues hard to make persuadable arguments. very hard to fire up american citizens on that issue. how do you make the public care about that issue? >> i think the public does care. i think the public is angry. if you go out and ask them now is your democracy working, are your people in washington standing up for you and are they on your side? i think in many cases the people know that the system is rigged to the big interest, to the special interest, to the people that have the most money. so it's just framing it in a way, like this constitutional amendment, that will allow them to rally around it and really to move forward in terms of changing this cancer, getting rid of this cancer on a democracy. >> the key sponsor behind this constitutional amendment, thanks for your time. >> pleasure. >> much more on tdr ahead. much more on the clippers controversy. possibly a big ballot for a member of congress. and why chris christie's party is struggling to find statewide success. before a quick break, a look at today's politics planner

talking about our financing is options and our engineering requirement if you altercated all our work it's consensus driven to provide options we don't have one path but one relative for people to get there. >> it's been an excellent consumption of the services i think i'm going to need if i go through this yeah, i'm very the to come to order. >> commissioner low. is second item on the agenda is for the san francisco health commission for wednesday, may 7, 2014. the minutes are for approval i'm accepting our motion for approval is there a second any corrections to the minutes. hearing none we'll precede all in favor, say i. opposed? the minutes are paragraphed. next item, please. >> item 3 it is director's report. >> good afternoon, commissioners ac a had it's first open endorsement and california closed on april 15th during the six months one $.4 million people signed up and other number went to medi-cal it is on the 1/3rd under the athens it is a success to dpw and the network who partnered with covered california and open enforcement for the 20017th century 15 plan did you say to s