it's just something we're exploring if we don't have other financing options available. >> thank you. okay, i have no other questions. >> commissioner singh, anymore questions? >> no. >> no more questions. >> i move that. >> commissioner singh moves. >> second. >> commissioner mondejar seconds. moved and seconded. please call the role. >> commissioner mondejar. >> yes. >> commissioner singh. >> yes. >> rosales. >> yes. >> the vote is three is. >> thank you. motion passes. please call the next item. >> item 5k authorizing the executive director to enter into a memorandum of understanding between the san francisco and the city and county of san francisco controllers office of public finance for assistance with debt issuance and administration. >> to the extend that we would like to use their depth, their capacity. we have arrangements with the controllers office for surge accounting and other work you've previously approved, mayor's office of development, plan, et cetera, this is another one of those items that will help us with the work we have before us that is our managing and debt p

but if ocii is off the public finances there in a consulting and supportive role. the payment for their services does generally come from the cost of issuance so if we don't issue they wouldn't get paid for their time. this provides if there's special requests we make. if they think they need to be paid we would do a special budget for that and do it under our usual procedure. i'm happy to answer any questions. >> thank you. do we have any speaker cards? >> no speaker cards. >> no member of the public appears available to speak. commissioners, any questions. >> i don't have any questions. >> commissioner mondejar. >> did i hear you correctly that they're not getting paid for advicing out unless they feel like they should be? >> no, no, that's not what i intended to say. no, i meant that generally they get paid when we issue debt there's some cost of issuance budget. in our last set i

he used to be finance minister there.ink french wallace he is going in the right direction? going inic policy is the right direction? >> it is what we agreed to do. by the primeacting minister is the same as a finance their. -- minister. for sustainable growth. confidence. byin investors and by consumers. they have regain confidence. >> you think france will be able to make or deficit target by next year. >> i think they will do what is needed. it has been agreed again and optimistic.e are there economic reforms in germany that could affect france? >> every country is different and has its own tradition. we have the market economy. partnership is between companies and unions is very help full. i think it has been announced by the president of the french republic. because of the partnership we would like to implement social reforms and structural reforms, which is needed, but it difficult to implement. make toughou have to decisions. >> labor market reform focused withde headed business more flexibility. this is the advice

but this special financing offer ends labor day at sleep train.leep train ♪ ♪ your ticket to a better night's sleep ♪ we now know that no charges will be filed in the accidental shooting death of a firing range instructor in arizona. he was killed by an uzi -- held by the 9-year-old girl he'd been teaching. it was all caught on camera -- by the child's parents. the tragedy -- caught on video monday. instructor charles vacca shows a little girl how to hold and fire an uzi submachine gun. ".ok, turn your, this leg forward. there you go. just like that." the child's parents - on vacation from new jersey - are watching this all happen. and shot the video. "all right. go ahead and give me one shot." vacca's last words to the 9- year-old - "all right, full auto." that's when deputies say the uzi kicks back -- and at least one bullet is fired into vacca's head. the death has set off a powerful debate on social media -- with many asking why the small girl was handed an uzi here at the "last stop" range in the first place. the operator says it was legal, l

the project will be financed with tax exempt bond financing. the ocii subsidy will be consistent with the dda, which included a $200,000 maximum subsidy unit. and other ocii including developer payments from transbay jobs housing linkage fees. ocii will not be obligated to increase the per unit subsidy in the event of substantial development cost increases. staff anticipate an award of home loan housing funds. now for today's request. first off, about the predevelopment request and i'll turn it over to courtney to talk about the design revision. as i mentioned mercy is requesting a total loan of $3.3 million to fund predevelopment activities for the project. this will allow mercy to complete the activities including design process and finalizing the financing plan making the necessary financing applications. it was based on documentation of predevelopment expenses for block 7. loan will include this amount of expenses as the previously paid portion of the loan, leaving 2.9 million to complete predevelopment activities through construction start

been on the books for some time as well, so with that i'd like to ask leo, the deputy director for finance and administration to walk you through the proposed changes to our investment policy. >> i'm the director of finance administration. as the director mentioned our previous policy dates back a long time to 1989 so it is part of our practices that we review these policies and update them to reflect current needs and legislation. this one is very minor changes and the impact -- the object -- our first objective is safety, second is liquidity, that we have cash when we need it and third is returned. we're not in the business of playing the markets. we're here to keep the public money safe and available for our work. since dissolution we've been using the treasurer's office as allowed by state law. it's been very advantageous for us. prior to dissolution most of our money we were holding on hand was with the state local funds which gives us a lower yield. they still are able to manage things -- i'm not sure exactly why it's so much better, but as i mentioned in the memo, the state has abou

to only offer financing one is a lack of financing in the market. if a requirement is anything that goes through the system has to have a declaration to some extent almost like a certification. whether or not that is verified in the story with a report on the program and we highlighted it in the documents that's the extent of what we are looking to now the marketing strategy of the bank needs a charter requirement but as it's focused on the regular improvement we did address some of those questions. >> chartrand hochberg complex >> it is required in the loan operations the applicant needs to certify that the financial records are accurate as presented, everything they say is accurate as presented. so i would do and audit but i have to take an assumption if we are signing an application for the loan guarantee for the government that did not commit a corporate office is not committing fraud in doing so to the two state unequivocally why they are coming to us. >> the bank is fragmented and neither addresses the totality of enterprise risk or how the ri

even get three years interest-free financing on serta icomfort and tempur-pedic. plus, free same day delivery, set-up, and removal of your old set. when brands compete, you save! but this special financing offer ends labor day at sleep train. ♪ sleep train ♪ ♪ your ticket to a better night's sleep ♪ >> george: it's 39 minutes drive time from the dublin and to change. to the optima past. with a big incident free but there's a lot of traffic early on. >> darya:levon haynes was taken into custody tuesday. >> darya:he's been the head football coach at vanden high school for the past five years. >> darya:a police officer who works with the school heard about the possible embezzlement earlier this month. >> darya:the embezzlements apparently happened over a period of several months. >> darya:the school is not talking about the charges against haynes. but the principal talked about the impact on students. >>: it's disappointing to know someone in that position to teach kids will take that opportunity to use it for selfish the game. >> darya:haynes, who graduated from van

we have our interview with the german finance minister.ng you more of that interview and we'll be talking about europe's addiction to russian energy. ♪ the road. germany's finance minister says to ecb has run out of ways get europe growing. our exclusive interview. boots over the border. kiev begs the world for help, nato says 1000 russian troops have moved into ukraine. basketcase, tesco shares slide as it slashes its forecast and its dividends. good morning to our viewers in europe, good evening to those in asia, and a very warm welcome to those just waking up in the u.s. i am guy johnson, this is "the pulse." live from bloomberg's european headquarters right here in london. news euro zoneng inflation data is crossing the table. jonathan ferro and i had a wait. not reveal where we were, let's give them the breakdown. >> 0.3% is the number. a little below -- no, matching estimates. the euro area inflation slows to zero .3%. not good news for mario draghi. let me show you what is happening with the euro, up. euro-dollar trading higher at 1

to 2008, dates back when she wins finance minister -- was finance minister under nicolas sarkozy.ench date paid 400 billion tapie.o bernard at the time, the state owned , he climbed, defrauded him when he sold his stake in adidas. gave 400 million euros. the investigation is whether nicolas sarkozy did the duringge to get support the 2007 election. christine lagarde has been heard as a witness in this case, but she had not been charged. now it is the case. the investigation is still ongoing. the chief of staff at the time was also charged in the case earlier. the investigation is still taking place. christine lagarde is going back to washington and working to keep her job as the imf chief. >> interesting. she is under investigation, but has not been charged. some would say that she is also a potential contender to take a critical role back in europe. has that been dissipating recently? does this make it more unlikely? >> of course, we all have in our of whate example happened with the former imf who did not return to politics like he was planning to for the last presidential elect

helpful for the next few months up to the november election to include a category here for public financing. i believe there is only one candidate qualified but i think reporting on payments under the finance program would serve the public's interest and if there is anything else to report on the disclosure for november. i anticipate a lot of activity for . >> candidates and ballot measures and heightly contested so if you can provide that in addition to the website and the dashboard with all of that that would be helpful. thank you very much. >> all right. turning to agenda item number eight. items for future meetings? commissioners have any items that they would propose for future agenda? >> well, i am a newer commissioner so hearing from the public how often we talked about the commission and the sunshine ordinance task force is talked about this referral process i am wondering if we just can't have a conversation about it, and see if we can get to the bottom of it because in less than six months we had this issue come up twice and i feel like we never get to the actual substantive compo

finance their -- finance and mr. addresses the relationship with europe. take a listen. >> everybody wants to have a partnership. course everyone has to stick to what has been agreed. we cannot accept it will be annihilated by force. >> we will bring more of the exclusive conversation in just a few moments. we are joined by the chief invest and officer -- investment officer. good morning. when we talk about the relationship with russia we understand the importance of the trade art ownership with russia. when you talk about conflict else's -- trade art ownership -- partnership with russia. when you talk about conflict. said what is required, it would be asked tension of that deficit. -- expansion of that deficit. it is out of the question. if you look at the challenges and say, do you want to push through reforms that will be difficult and painful? i think we need to focus on companies where margins are reasonable but capable of the spending. they are becoming more and. >> if we get a weaker euro, heading towards one dollar 30, may even go below. next we ta

but this special financing offer ends labor day at sleep train. sleep train ♪ ♪ your ticket to a better night's sleep ♪ you bet!you fix this? that's our new interactive speaker wall. 'sup? thinks it's a speak-ing wall. this can even dim your lights. your 3-d--printed girlfriend will love that. real mature. there you go. a laser drone for cats. i wish i had lasers. i don't. pew pew pew... the new radioshack is finally here. the store of your past is now the store of your future. come see one of our remodeled stores and save 50 percent off skullcandy headphones. or get a 20-dollar gift card with air raid speaker purchase. we learned yesterday halt the bart system has been warned of earthquakes before they came. >> reporter: people want this week is it the necessary investment. >> reporter: ones once they received the funding that can build it and have it finished and completed in two years. hobbwill put smoke detectors and our houses and you'll be able to put a early bird court indicated in your house. >> james: in terms of the cloud coverage we are

even get three years interest-free financing on serta icomfort and tempur-pedic.lus, free same day delivery, set-up, and removal of your old set. when brands compete, you save! but this special financing offer ends labor day at sleep train. ♪ sleep train ♪ ♪ your ticket to a better night's sleep ♪ >>> in the wake of sunday's big earthquake, they changed their mind about buildings they previously said were safe to be in. jonathan? >> with some buildings, there is no question. if you take a look, it's clear it is not safe for anybody. it's one of 170 buildings the city says has now been red tagged they tell us another 652 have been yellow tagged meaning you can enter with caution. but there are buildings on the other side of the block that were green tagged. now, owners are getting a nasty surprise. there are green tags, yellow tags and red tags. and then, there is a petes reip. now, the only person at the tables is the owner having to tell customers he's closed for business the workers are just waiting. >> we just opened. we're just trying to get known. for this to

even get three years interest-free financing on serta icomfort and tempur-pedic. day delivery, set-up, and removal of your old set. when brands compete, you save! but this special financing offer ends labor day at sleep train. ♪ sleep train ♪ ♪ your ticket to a better night's sleep ♪ >>> it is painfully obvious fro, know little about british culture. >> i've never been to england. i have no british friends of any kind. >> americans guess british words. we are very lucky because now we have a british translator in the form of our new cohost and friend, welcome to the show, and welcome to the "right this minute" family. you are here because oh good friend, our cohost, steven fabien is leaving us, so sad, but proud of you, you're headed back to the east coast to be with friends and family. >> welcome, ollie, you'll do an excellent job, a lot of fun here at the table talking about god knows what, but i'm going back to new york to work for "inside edition." >> we are proud of you. >> thank you. >> steven is still here a little while longer, we'll have the fun and start

shiite militias that financed sunni militias that financed the kurds the u.s. as a matter of policy for three years has funneled arms and weapons to arm the same so-called islamic extremists in syria and have now fractured syria's the us is trying to get back into iraq to have a decisive impact but it's a divide and rule in strategy that we've see it unfold in both syria and in iraq the militant group formerly known as isis has declared a caliphate in the northwest of the country and say it's only a matter of time before they reach palestine to fight the barbaric jews a group notorious for its atrocities in iraq and syria have captured key sunni cities and forced more than a million iraqis to flee and right a former u.s. army colonel says these lawmakers states' involvement won't help the palestinians. gaza is pretty well surrounded on you know on all sides so that isis fighters themselves would be getting in there i'm not particularly i don't i don't know that that would happen however the pressure that can be put from other areas onto israel their support in

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even get three years interest-free financing on serta icomfort and tempur-pedic. but this special financing offer ends labor day at sleep train. >> reporter: i hate to say it but get ready for a whole lot of disparate and near san francisco it will be shut down once again creek this is video from july 4th shutdown. crews will replace can just at that section of the roadway. check out this is the area of the roadway that will be shutdown. closed until early tuesday morning. september 2nd. it will be closed as a result southbound to city will remain open. worth noting, the giants have home games this weekend with a whole lot of fun fans using to 83 >> pam: new tonight at 8. a stop deli tech company called says that when the system is working to equip all bay area schools with an earthquake early warning system. nortek reported gabe slate has a demonstration in one of the first goal to implement the system. gabe slate tech report >> reporter: earthquake early warning system moderate >> reporter: sound is the earthquake warning system for it when the children here thi

even get three years interest-free financing on serta icomfort and tempur-pedic. plus, free same day delivery, set-up, and removal of your old set. when brands compete, you save! but this special financing offer ends labor day at sleep train. ♪ sleep train ♪ ♪ your ticket to a better night's sleep ♪ >> live, from the cbs bay area studios, this is kpix5 news. >> looks like someone is out to get this south bay store and tonight, the clock is ticking before they strike again. good evening, i'm veronica de la cruz. >> i'm allen martin. ken bastida and elizabeth cook have the night off. kpix5's betty yu is in los gattes where three businesses have been hit again and again and again. >> reporter: this shop has been hit three times since last year. it always happens when the stores and restaurants close up for the night. as you can imagine, it has left the business community feeling helpless and upset. you will rarely see shattered store front windows but it has happened several times to businesses in the last month here. police say vandals are using something similar to

but this special financing offer ends labor day at sleep train. your ticket to a better night's sleep ♪ firepit over last hour or so reportedly up the 70 a. look all of the the smoke coming out of a canyon area. this happening east of gilroy at highway 152 vacancy the bottom of your screen fire crews trying to douse the area of flames. you see tevatron get by traffic haven't tell in the area because of fire certainly all the smoke in the area as a huge distraction for careers gray also gather information about this place >> : where we are looking exactly where this is 15 mi. of east of gilroy 152 of huge artery for folks who live in that area or use 152 to commute to get to won a one in and see a lot of smoke right there and that caught fire chopper coming in to a friend right there now making water drops crisis since cruise on the ground as mentioned to making it tough having a tough time with this one based on the train and a house deep some of the strain as you can see those trucks on the grounds just beside them. crews on the ground having a t

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how do we make sure that financing is available and by the way, how do we make sure that the financing does not just go to those who are already at the top? how do we make sure it filters down? you shouldn't have to be the son of somebody or the daughter of somebody -- >> [ applause ] >> you should be able to get -- if you've got a good idea, you should be able to test that idea and be judged on your own merits. that's where i think question help bypass what often times is sadly too many countries, a system in which you have to know somebody in order to be able to finance your ideas. one thing i do want to say though keep in mind even the united states, if you're starting a business, it's always hard getting financing. so there are a lot of u.s. entrepreneurs and small business people when they are starting off, they are borrowing from their brothers and sisters and being and scratching taking credit cards and they are running up debt. inherently there's risk involved. i don't want to give anybody the illusion out there starting a business or wanting to launch a business that it's goin

. >> 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

but this special financing offer ends labor day at sleep train.e're looking an accident here at the hoffmans put. on interstate 580 eastbound that joins was bound3. the accident involved a vehicle that may be on inside. fortunately that is not been direction. representatives of two counties in southern california petitioning to send lawmakers have the right 82 percent state called jefferson. their petition said california is too large to govern and should be split into two or more states. u.s. constitution allows them to do this. for in some deserving not a federal lawsuit plus we're giving a close ally of was changes be macy and the weekend ahead hey can you fix this? you bet! that's our new interactive speaker wall. 'sup? thinks it's a speak-ing wall. this can even dim your lights. your 3-d--printed girlfriend will love that. real mature. there you go. a laser drone for cats. i wish i had lasers. i don't. pew pew pew... the new radioshack is finally here. the store of your past is now the store of your future. come see one of our remodeled store

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 intimidating i'm talking to people as a layman who needs help. >> this is a difficult process for people to navigate we're only focused on outreach so we've got the informational and we've spoken to many different owner groups and community groups all across the city. >> outreach is critical for the retrofitting program the city has to get out to the community and help people said what th

even get three years interest-free financing on serta icomfort and tempur-pedic. but this special financing offer ends labor day at sleep train. . >>> the full prevention is back in the u.s. after being essex posed to the ebola virus in west africa. they came into contact and in a statement they say the employee is not sick and poses no risk to the public but the worker is not being isolated but will be monitored over the next three weeks. >>> word today a new clue about the missing malaysian airlines flight 17 -- missing flight 370. they made attempt to contact after they lost radio contact on march 8th. based on that information from that phone call, they now think the plane turned south earlier than they previously thought. despite no signs of it after what they have already found. >>> somebody damaged the names etched on the benches in the aides memorial grove. this vandalism is unlike anything he has seen before. >> in all likelihood they may even approach $100,000 at this point. >> he will check out a repair and it is the second incident this month. just two

how do we make sure that financing is available? by the way, how do we make sure that the financing does not go to those who are already at the top? how do we make sure it filters down? you should not have to be the son or daughter of somebody -- [applause] get -- if be able to you have a good idea, you should and be to test that idea judged on your own merits. that is where i think we can is, bypass what oftentimes sadly, too many countries, a system in which you have to know somebody to be able to finance your ideas. say, keepi do want to in mind, even the united states, if you are starting a business, it is always hard getting financing. as a lot of you entrepreneurs and small business people, when they are starting borrowing from their brothers, their sisters, begging and scratching and taking credit cards and running up debt. inherently, there is risk involved. i do not want to give anyone the illusion who is starting a business or wants to launch a business that it is going to be easy. it will not be. in which ways in we -- we

the expenditures and continue to track those closely reporting out to supervisor cohen through the finance committee and continuing to insure we're inclusive in our operations of the meeting the cities goals for this area with that, that concludes my report. happy to take questions >> thank you very much ms. chang open this open this up for public comment any public comment on item four. >> i'm francis i does not come for those meetings i've come after a along the time of the 8 sfrifrz who are here 50 percent are having sidebar talks and i'm watching the deliberation while the director was giving her report he's having a sidebar chat i'm saying millions and millions of dollars are going to be spent you have no business asking the constituents of san francisco to pass on this when your don't pay attention to what's being said as i'm being talking to you now there are 2 supervisors having a chitchat you get one hundred and sro thousand benefits to represent the people not to screw around not to give us this huge fingers talking about grants and the transbay and nobody is paying attention who

how did you finance "about alex?"> this movie is small enough that we were able to do it through equity and soft money which means we shot in the state of new york and new york gives us very competitive tax rates. the rest is raised through equity. i go around with my dog and pony show and i have a full presentation of comparable films and how they did and the various revenue streams we project them to do. we go through the presentation and try to raise money from individuals. >> talk about the subject matter of "about alex." >> it is basically about how social media has changed our friendships. we live in a time where we can follow people on facebook, twitter, instagram, and we think we know what is going on with those people and we really do not. we had an incredible script that is very timely and beautiful. when i read it, i had not read anything that was so specific to this moment in time that i thought audiences would respond to. >> you have to keep going after this movie comes out on friday. tell us about the pl

even get three years interest-free financing on serta icomfort and tempur-pedic.lus, free same day delivery, set-up, and removal of your old set. when brands compete, you save! but this special financing offer ends labor day at sleep train. ♪ sleep train ♪ ♪ your ticket to a better night's sleep ♪ >> live from the cbs bay area studios, this is kpix5 news. >> all they had to do was cut a hole in the fence. tonight, serious questions after another security breach at a pg&e substation. >> betty yu asked how could this happen again, especially at the same place? betty? >> reporter: we know this place is staffed 24 hours with security personnel. and heat the thieves were successful. they cut open the fence you see behind me with the caution tape and they made it into the construction yard. these fresh tire tracks in the brush suggest the thieves simply drove off with the construction equipment. among the stolen property, possibly two tampers like these. >> the detection alarm was tripped and we want to know what exactly the steps were taken after that. >> reporter: so