programs, a leading provider of micro loans in california, and has a robust community real estate finance unit. next, we have the ceo of ne community federal credit union. since 1988, she has been the ceo of northwest community federal credit union. under her watch, the credit union group to over 1600 members. it has become the national model for institutions seeking to provide financial education and banking services to the low- income communities. last but not least, we have our conditional lender represented here by wells fargo. mark cyrus is the senior fda banker for the region -- the senior sba banker. he held businesses choose the best loans for the growing business and focus on a comprehensive understanding of their goals for their business. mark is responsible for helping entrepreneurs with sba loans every step of the way. i would like each of you to speak a little bit about what your organization does and, more importantly, address the audience here and let them know what your looking for when you are hoping to fund their loan. we will start with you, mark. >> absolutely. thank you. i

unit on the other a lot. both have significant departures for lot size, and iun financing of for your unix -- financing four units, and i concur that given the size of the units, they are

unit on the other a lot. both have significant departures for lot size, and iun financing of for your unix -- financing four units, and i concur that given the size of the units, they are probably more affordable than the larger units, which have some fairly large buildings, given the fact there is still a multiplier that applies in volume -- applies value. the question that makes me sway in between is while studying the fact the building was moved through a state action and the fact that it is difficult to finance is that the rear property has no parking. when we had these other cases, and i am trying to decide whether i want to be consistent or not, the one i voted for also have rear parking. the front building was massive, so in my opinion it was over- untitled. give me another moment. >> i appreciate the comments. gooi am slightly torn in my feelings, and the reasons being part of both challenges, and planning looked carefully at the situation, and given the constraints going forward, it does bother me there is no parking, but i think issue the house got moved there as well, someone in voluntarily is also an

we hope to close the financing on december 19th. this is 60 units of housing for families located at 474 natoma. the median income is 60% for all units. i would be happy to answer any questions. >> i just have a question about when the time -- about when the project would be completed. >> i am not sure. i would have to have bridge housing give you more details. >> good morning, supervisors. the construction is 20 months. >> 20 months beginning later this month pending bond approval? >> thank you. we do not have a budget analyst report because there is no general fund liability with this item, correct? why don't we open this up for public comment, are there those that wish to speak on item number one? seeing 9, public comment is closed. this item is before us, can we move this with recommendation? we can do that without objection. item two. >> item number two, ordinance authorizing the adult probation department to retroactively except and expand a grant in the amount of $747,000 from the united states department of justice to implement reentry, a co

bernie sanders on campaign financing and citizens united later in the hour.re your thoughts on twitter #edshow. we'll be right back. [ male announcer ] to the 5:00 a.m. scholar. the two trains and a bus rider. the "i'll sleep when it's done" academic. for 80 years, we've been inspired by you. and we've been honored to walk with you to help you get where you want to be. ♪ because your moment is now. let nothing stand in your way. learn more at keller.edu. that's good morning, veggie style. hmmm. for half the calories plus veggie nutrition. could've had a v8. >>> welcome back to the ed show. the obama campaign has a simple take on the bain cap i couldnn verse see. the republicans are spot on. stephanie cutter released a memo about mitt romney's time at bain. here are some of the highlights. romney closed over 1000 plants, stores and offices, and cut employee wages, benefits and pensions. he laid off american workers and outsourced their jobs to other countries. free enterprise isn't running for president, mitt romney is. mitt romney and his friends made money h

protection law worker safety law a public health law who are most recently in the citizens united case campaign finance laws laws designed to protect the integrity of our elections that's what citizens united did and it is it is a perversion of the promise of a democratic republic and this idea of corporate personhood you contract back i believe to the dartmouth case an eight hundred fifteen it was the first time and that was even a foreign corporation if if i recollection is correct originally it was a british corporation correct with college versus what the state is something. i forgot to dartmouth case so in essence was an effort immediately after the american revolution the legislature of new hampshire had actually said this will now be a completely public school and it was in the keeping of the american revolutionary spirit. public things are public and we need it just as we started the universe of virginia as a free college absolutely and so there was this idea that in order to have a democratic society you needed engaged educated citizenry so the idea that dartmouth was actually going to be priv

today, the discoveries taking place in our federally financed labs and units could lead to new treatments that kill cancer cells but leave healthy ones untouched. new vests that can stop any bullet. don't gut these investments in our budget. don't let other countries win the race for the future. support the same kind of research and innovation that led to the computer chip and the internet, to new american jobs and new american industries. and nowhere is the promise of innovation greater than in american made energy. over the last three years, we've opened millions of new acres for oil and gas exploration. tonight, i'm directing my administration to open more than 75% of our potential offshore oil and gas resources. right now, right now, american oil production is the highest that it's been in eight years. that's right. eight years. not only that, last year, we relied less on foreign oil than in any of the past 16 years. but with only 2% of the world's oil reserves, oil isn't enough. this country needs an all out all of the above strategy that develops every available source of american e

united. >> it was already on its last legs. mortally wounded. >> put on the last legs by barack obama. george w. bush opted out -- >> in the general. in the primary, john mccain opted out. >> public finance is the way we should go. >> i'm sorry. i need to hit a pause button. the idea citizens united is no big deal. we were in a secular drift towards the problematic causes. sure, and yet, this -- the notion that president obama's campaign was the straw that broke the camel's back in terms of campaign finance problems and the citizens united is sort of incidental. i think it is deeply problematic. >> why? >> citizens united. >> wait. what we have seen in the past -- what we see in the past is not incremental and what we have seen in the past two years in terms of the effect has not been. the very -- very candidacy of newt gingrich is emblematic that it is not. >> hold on. let me say something. $5 million check written bay by a loan billionaire to go to air in south carolina is more than an incremental change. it wasses entry entirety of the media. >> you are missing the point. in so many prior campaigns, almost the entirety of the advertising comes from the same special interests. this was

finance its investment program. russia has agreed on unique tax benefits for the united arab emirates in order to attract more investment from the oil rich nation

campaign finance law in the new citizens united era.after this break. [ male announcer ] how'd you learn to do that? when did you start that project? every new year comes with a few stories waiting to be built. it's when our brand-new to-do lists become "you did that yourself?" so when we can save more on the projects that let us fix, make, and do more, that just makes the stories even better. more saving. more doing. that's the power of the home depot. get this glacier bay vanity for the new lower price of just 39 bucks. ♪ imagine zero pollutants in our environment. or zero dependency on foreign oil. ♪ this is why we at nissan built a car inspired by zero. because zero is worth everything. the zero gas, 100% electric nissan leaf. innovation for the planet. innovation for all. laces? really? slip-on's the way to go. more people do that, security would be like -- there's no charge for the bag. thanks. i know a quiet little place where we can get some work done. there's a three-prong plug. i have club passes. [ male announcer ] now there'

ways to so easily get around this i mean if you use enemy software like tor which is financed and funded by the united states military as a tool for people overseas to be able to escape censorship in oppressive regimes if you use that as a privacy tool you already basically automatically in a lot of cases get around these blogs the idea that you know the same people who will go out and figure out how to install it. so they can pirate stuff aren't going to also figure out how to install an application that will circumvent a block seems to me very optimistic given everything we've seen us for historical is when you take down napster you take down one pirate site and ten more pop up somewhere else the idea that you can stop piracy through these kinds of measures is just contradicted by a decade at least of experience also you know judging by all the research that you've done on this if you had a better way to combat piracy what would you say it was also there are some proposals that suggest going after the money i think it's a good approach for counterfeiting that's one of the things they're also concern

today, the discoveries taking place in our federally financed labs and units could lead to new treatments that kill cans ser cells but leave healthy ones untouched. new vests that can stop any bullet. don't gut these investments in our budget. don't let other countries win the race for the future. support the same kind of research and innovation that led to the computer chip and the internet, to new american jobs and new american industries. and nowhere is the promise of innovation greater than in american made energy. over the last three years, we've opened millions of new acres for oil and gas exploration. tonight, i'm directing my administration to open more than 75% of our potential offshore oil and gas resources. right now, right now, american oil production is the highest that it's been in eight years. that's right. eight years. not only that, last year, we relied less on foreign oil than in any of the past 16 years. but with only 2% of the world's oil reserves, oil isn't enough. this country needs an all out all of the above strategy that develops every available source of american

election, isn't the gop as a whole, really making an argument for campaign finance reform because of what's happening with citizens unitents of money that's being spent in this gop primary season? >> obviously, the conduct of the gop andç what newt is complaing about would point to criticism of the citizens united decision, but i doubt if we'll hear any out right calls from campaign finance reform. hopefully, this will bring the issue to light for americans in general who don't pay attention to how campaigns get financed. this is going to get really ugly. perhaps americans will start to pay attention and wonder what the alternatives are for campaign. >>on, let me show you a clip from today. it's newt and how he characterizes his continue drum beat about bain and mitt romney. >> are you attacking bain or just asking questions? >> i'm just asking questions and i'm shocked at how defensive they are. >> they're just questions. the president team may be asking too when the general election comes. >> right. these are questions, it's as if newt gingrich is the research head of the obama/biden 2012 campaign. these are serious

really good in a state of the union address it's only going to do that i'm going to finance it on our mortgage fraud unit sounds really great in a state of the union but it doesn't help us aren't really quickly to timothy geithner and i guess this wasn't really shocking but he basically told bloomberg in an interview that if a lot gets reelected he's not going to be sticking around for that second term. it i've seen around here yeah but i don't know how much fun i don't change there how it is racial how much control how much you know of the moves you think are really plays well at the very least geithner who was deeply involved in the federal reserve in new york fed has oversight of wall street directly over the entire build up of the mortgage bubble the financial crisis at the very least that person should not be the secretary of the treasury so do you have any faith that he won't replace him with somebody just like i don't i mean you know they'd be laughing as he goes into the eyes will daley anybody any brains and somebody else maybe just maybe just as bad but it almost can't possibly be worse than th

justice alito, i recall, who shook his head at the president when he challenges the citizens united campaign on financewere sitting there watching him speak. >> the first individual introduced was the dean of the diplomatic corps, ambassador in washington served here the longest, from jubati, from the horn of africa. there, you see the first lady of the united states. let's listen in to the reception. [ applause ] >> this is the third state of the union, gloria, the president has delivered since taking office. for the first lady, it's her third appearance in that gallery with her special guests as well. let's listen in. you ju

mitt romney will run the finances of the united states like it was his own family money.t's what you need, somebody that cared about your money. -- somebody that cares about your money. [cheers and applause] we need -- we need a president. you heard governor hailey say so it well. michael, thank you for your service. i am the son of a world war ii veteran. and my father and mother were in iraq. i think we understand that you must protect and defend the veterans that serve in these wars if you're going to continue to attract the best and brightest young women in the depuche. president romney sid said it so well. i'm -- said it so well. i'm getting ahead of myself. he said we're not going listen to politicians to decide what the policies of the united states are. we're going listen to the battlefield commanders on the ground to stet policy. and so that's what we need do. this president -- this president continues to advocate policys that reduce military spending and be able to decimate the largest naval fleet. we will be able to dispend and expand freedom around the world.

united states is planning more sanctioning. targeting oil, the mainstay of iran's finances. the mainstay is to halt iran's nuclear program which continues in defiance of a u.n. resolution. iran is threatening to close the strait of hormuz in protest. the united states has responded by deploying two aircraft carriers to waters near the persian gulf. >> in terms of any threats to the region, in terms of some of the behavior they have conducted in the region, that we'll always be prepared to respond if we have to. >> the european union has agreed to join the sanctions. foreign ministers are expected to ban crude oil imports in a meeting on monday. iranian leaders say they're willing to resolve the issue through talks. they say they'll september nuclear inspectors later this month. they're showing a positive attitude toward resuming negotiations with six countries on the nuclear program. talks have been stalled for a year. 's foreign minister says he is willing to negotiate. >> we would like to have this negotiation. the date is not yet certain. but it will be soon. >>> chinese p

mitt romney will run the finances of the united states like it was his own family money.is what you need. we need a president, you heard the governor say it so well. i am the son of a world war two veteran. i served 21 years, my daughter was a platoon leader. you must understand that you protect and defend the veterans that serve in these wars if you continue to attract the brightest young men and women to serve. [applause] president romney said it so well. i am getting ahead of myself. we will actually listen to the battlefield commanders on the ground to set military policy. that is what we need to do. this president continues to advocate policies that will reduce military spending and decimated the greatest naval fleet in the entire world. mitt romney will keep america strong. that is the kind of leadership we need. don't you agree? we need a president of the united states that understand the traditional values of the american people. we need a president that understands that america is the greatest force for good. america is great because america is good. over the las

any campaign finance system that is passed out of the united states congress is going to be essentiallyi disagree. campaign finance laws that passed in city governments and in the federal government limited contributions and, therefore, i would say financial influence in politics. this decision came from supreme court. the supreme court basically said that corporations could give as much as they want, individuals could give as much as they want. that really drummed out democracy. you saw with sheldon adelson. he literally bought an election in south carolina. governor romney was two digits ahead until he came in with this 5 million. mr. gingrich was a million in debt. and totally flipped that election. he could do the same thing in florida. i don't know what is happening there but -- >> can i ask you a personal question. how does this affect your psychology from a day-to-day level, how does this change? do you think about who -- what super pac is going to swoop in and run ads defenagainst you if vote the wrong way on something? how does it get into the head of a congress person? >> mone

really excited as they think of this isn't kind of a victory for campaign finance reform but if you think about it citizens united has already changed the entire playing field and you know brought it to the point where you cannot control what money goes in and out and that's all of it certainly is nice to hear a lot more than just primaries so that is something to look forward to that is coming up next and that is going to do it for the news from one of the stories we covered go to our to dot com slash usa you can also check out our youtube page it's youtube dot com slash artsy america you can also follow me on twitter at liz wahl and we'll see you right back here at seven.

while much of the focus this week is on citizens united, we must realize that the corruption of our campaign financeystem did not suddenly happen two years ago. the citizens united decision sparked a renewed focus on the need for reform. but the supreme court laid the groundwork for a broken system many years ago. in 1976, the court held in buckley versus vallejo, that restricting candidate campaign expenditures violates the first amendment right to speech. it established the flawed precedent that money and speech are the same thing. since then, the influence of money has continued to play an increasing role in our nation's elections. sadly, in many cases a candidate's ability to either raise money or self-finance can outweigh the quality of a candidate's ideas or dedication to public service. the buckley and citizens decisions among others demonstrate the court's willingness to ignore long-standing precedent and declare our campaign finance laws unconstitutional. because of this, i believe the only way to truly fix the problem is to first amend the constitution, to grant congress clear authority to

part of the reason is that congress has said no to moving prisoners to the united states and also been against financing trials of captives on u.s. soil. now, today house minority leader talked about what it's going to take to close the center. >> and let us hope that this will come to an end, soon. it's not going to come to an end soon unless american people insist upon it. elections have ramification autos by the lack of due process, and the misachievement -- mistreatment of the detainees changed the way americans have been seen by people around the world. >> now that the professor from usf law school who visited and wrote a book about it will talk to him again at 6:00. now, the united states also says that some of the prisoners are too dangerous to release, again, officials say most have been cleared but the problem there is that they cannot find nation that's will take them in. again, 5:30, it's expected to begin. we'll be here. i'm live in san francisco, abc 7 news. >> thank you. >> and a campaign got underway to put a state wide proposition on the november ballot toughest penalties against sex tra

now this ladies and gentleman is the perfect example for you of citizens united in action those that study campaign finance say that the two contributions of five million dollars apiece by adelson are the largest known political donations in u.s. history so that is how far our political system has been corrupted to where one single donor can give as much money as they want to a super pac with absolutely no restrictions and in this case it's ten million dollars i think that it's good that at least m s n b c is all over the story today but they're the only network doing so the problem there are two is that they don't take this even further they'll focus on just this one man's or question his motives how they affect the gingrich campaign but hello just because we know how much he's giving doesn't mean that he's the only one that we should be worried about it's the entire system as citizens united this created the fact that there are so many campaign contributions coming in from various super pacs that we have no idea about and we have no idea who they're coming from according to probe just in the first four p

united states . those budget commissioners that the greek finance minister rejected they're already in place in michigan thanks to a radical right wing financial managers law passed by michigan's republican governor rick snyder last year he now has the power to put in place crony buddies and he is to take over cities in michigan that he deems are in a financial emergency the so-called emergency financial managers are paid hundreds of thousands of dollars a year and have in norma's power they could fire local elected officials they can break contracts especially union contracts they can sell off the city's assets like hand over a public park to a trans national corporation to build a chemical factory or a condo or in the case of benton harbor michigan a city on lake michigan where a ninety acres lake michigan waterfront park a part of the commons that's enjoyed by mostly low income kids in a minority neighborhood has been sold off by want to governor snyder's financial dictators to real estate developers want to build a golf course resort for affluent white neighbors across the river to enjoy and worse t

let's have a look at more broadly at the jobs market and employment in the united states, because the once-thriving finance and real estate sectors are struggling to rebound from the economic crisis that really has been with us since 2008 if not before. however, there is a secretarier that is faring better than ever. american students are turning to technology as a means of making big money. and taech education is a growth industry in itself as maggie lake reports. >> reporter: how are you? 21-year-old zack sims is one of the masterminds between code academy. >> i think we knew programming is the new version of literacy but at the same time it's staggering to see the number of people who have signed up. >> reporter: proo positive there's still a massive craving around the globe to develop the next big thing. >> i think programming is really the most important skill in the 21st century. people are realizing that. there are a lot of women and people who wouldn't be learning to program. >> reporter: learning code won't turn you into the next mark zuckerberg overnight but it is a first step and can ultimately

finance its. russia has agreed on unique tax benefits for the united arab emirates in order to attract more investment from this oil rich nation the new system applies to the country's state institutions which will no longer have to pay tax for their dividends in russia the agreement is yet to be ratified by the country's governments but the head of russia's direct investment found. that the deal will bring huge but. the total investment capital managed by the united arab emirates stands at trillions of dollars and even if a small piece of that comes to russia it will be a significant amount of money that's why i think we're talking about billions of dollars even the projects we currently discussed with arabic partners involved from five hundred million to several billion dollars so we're talking about serious big investments. it's all the business remind you can always find more stories on our website. wealthy british style. sometimes that's right. find out what's really happening to the global economy with mike stronger no holds barred global financial headlines kaiser report. thanks for watching of