we have provided financing before. it is a lot of money. so come and talk to the office of small business and make sure you have professionals and task inspectors and contractors lined up so that we can be part of that conversation in terms of helping you maintain your business and helping to stay in business despite the fact that a lot of businesses are being regulated by now. if you have questions, my information is in the packet. we are more than happy to field any questions, but again, because there are different parts of this whole saga, we are all in different parts in terms of financing, but the loan program will be available. it will be available until the ada compliance issues are no longer there. >> thank you. any questions? [inaudible] we do have legal expertise and individuals with our mayor's office of disability. if you do have any questions at all about things that you might have heard about or issues you are facing, it might be the opportunity to ask questions. any questions? >> thanks, supervisor. sorry for being late. i he

people who work in finance look around and see a lot of risks. they work in a complex system one that seems fragile. economists at the international monetary fund and world bank are looking at the system as part of their annual meetings in tokyo. and ron madison is covering the meeting for us. ron, what its the view like today? >> yuko, you might see behind me, the view is quieter. many are in sendi attending meetings. business as usual. economists trying to push the leaders of developed economies down a prudent path. weighed some of the risks and say confidence pretty much everywhere is still pretty fragile. economists release global financial stability report, checkup of the financial system. >> the choice today is between making the necessary but tough policy and political decisions or delaying them once more in the false hope that time is on our side. it is not. >> the man there says it is time for governments off to act. he said the biggest risk is the euro zone. private sector money pulled out from peripheral economies in the region back in

support and developing the financing tools for the public infrastructure. and in particular, the financing districts and the ability to capture tax increment. and to actually put those tools in the play is going to involve working closely with a city's budget and finance department. and departments such as the controller office and the staff such as the public utilities commission. and we believe that with the port staff, already assigned, and the new implementation team that has been described here and also with the direction on the direction of... also the workforce development will be able to address the challenges that we will face in those areas and others. >> the orton group we are working on a term sheet to bring that to you hopefully at your next commission meeting. forest city as i described earlier is doing a lot of due diligence working with the community. and in november, or december, we are really excited about the fact that they will be bringing that to you for the public presentation and start that review process and lastly as david indicated

finance minister koriki fuj. jojima says the japanese government will forgive all the country's outstanding debts to japan totaling 500 billion yen or $6.4 billion. that takes effect in january next year. he adds government-affiliated financial institutions in japan will help myanmar repay loans it owns to the world bank and other creditors. massive foreign debts have been a huge burden for the southeast asian country. it's been pressing ahead with democratic and economic reforms since a civilian-led government took over last year. businesses from japan and other countries are now on the lookout for investment opportunities there. >>> world bank president jim yong kim gave nhk his perspective on myanmar. >> we are all extremely encouraged by the reforms that the government has undertaken. we're looking to try to get a complete record of all the arrears that that country currently has. but our hope is that as a global community all together we can begin to move forward and provide support for myanmar in the very n

finance minister that's been coming back in.what's interesti new finance minister that's been coming back in. and imf just downgraded their growth to 5%. what happens now for investors in this country? >> i think india is very interesting. it's had a political paralysis and we've tried to put through the retail before and of course it looks like it's going through now. stock markets responded well. rupee has responded well which is critical given the imports of oil and costs and so on. so i would be optimistic. india is the one part of the world where the growth outlook is more optimistic rely it difference to expectations. >> the whole narrative that emerged about how india was the new china and this was the population to watch. do you think we'll start to hear that again? >> i buy india for my kids. so i think india has a great long term future. it's 12 years behind china. >> the story at the moment for any global investor is it's the politics. makes it really hard when every investment has to take into account a large politic

and this financing will enable the sponsor to complete the remaining 130 units. this development is significant because it has been undertaken without any city financial contributions and all unit also be affordable to households earning no more than 60% ami, or 61,800 for a family of four with 43 units specifically restricted to more than 50% or 61,500 for a family of four. to develop the units without city dollars, the sponsors, holiday development, l & m development partners and bayview hunters point multipurpose senior services structured a complex transaction that will realize cost savings from below market rate financing provided by citibank and gain additional development resources from tax credit equity provided by wells fargo bank. with your support for this resolution we anticipate financing will close within the next two weeks, with the sponsor issuing a notice to proceed shortly thereafter. the first phase of unit also be occupied by april 2013, with the final 130 units completed by april of 2014 and occupancy shortly thereafter. i have with me here t

to the city. >> if he had not brought it in, and had financing. he could've done whatever. the building department. i'm talking about additional work. if it looks a little funky, he wants to do improvements, goes to the billing department; the billing department says, oh well, this is supposed to be a two unit building. >> if you came in for a permit and it showed one kitchen, the planning department would say you're supposed to have two, and would make him go through this process. >> the nail on the head. this property would appear to be in violation of planning code today and its application, should be approved would take the project down one path the remedy that violation. there is a problem with the condition of the property vis a vis the planning code. >> where is the kitchen? that's all i have to say. >> i am supportive of the motion for the reasons. i don't necessarily think we should be doing a lot of these, but there are unique circumstances. if someone wanted to buy a building like this, and do this research, the point of the project sponsor made about -- is prohi

sba.gov, and look for the local page to see the local san francisco financing sources. but before you do that, the takeaway message here is that before you go to a bank, make sure you are cleared to do that. you do not want to go to a bank looking for financing for your business and ask them a question that will immediately give them a sense that you are not ready. you go to a bank and say, "how much can i borrow?" they will tell you, "i do not know, but probably not from us." you need to know exactly what you're looking for, how you are going to use the money, and how you will be paid the bank. part of the process is make sure you are prepared. the first thing you need to do is take a advantage of the resources that can help you develop your business plan and really be prepared to go to a lender. being able to answer the questions you know that they will be asking is part of what we do as well. i'm sure we will have lots of time for questions, but i will send it back to you. >> director of the office of small business with the city and county of san francisco. again, i

ourro new campaign finance syst encourages groups to spend money despite the campaigns. american crossroads is an organization started by car carl rove which allows them to runny tv commercials they want, but they also have a group gps, a nonrofit dedicated to social welfare, which means they don't even have to disclose where the money comes from. half a billion right now is just from organizations. >> part of the organization of finance reform was to prevent corruption and increase transpency. >> what's going on? >> there is americans for responsible leadership which poured money into the state campaign. their transparency is overnment, but when they p $11 million in the campaign ad, they don't disclose where they get their money from. m what we do is say if you give money to a candidate, you might be corrupting them. we need to cap that. in san francisco, give a $500 contribion. it's regulated, it must be disclosed because that's where we said corruption can come into the system. if you want to spend money on your own and not give it to a candidate, the supreme court,

that schedule is approved by the oversight board, the state department of finance every month. this test import -- jason indicated -- our surviving major redevelopment projects, equivalent to 20 billion, candlestick phase 1, and 2, mission bay, state -- transit center, all part of one redevelopment plan and other true wind-down activities honoring our commitment throughout the city whether in the third street bayview corridor, like a bankruptcy, wind down pay off the debt so the tax increment in the series is available for distribution to the taxing entities, city, county, bart, schools. free up the taxes generated for distribution to the other entities. in the case of san francisco we do have a lot at stake. a number of these area plans which the commission approved the board approved as i indicated, made or approved, hunters point, mission bay, trans bay, another obligations that need to be implemented, they are in many cases 30 year plants. mission bay, hald done. trans way, just getting started, going for the terminal, housing production, infrastructure needed along folsom,

it has the bar on school-related property taxes from being included in the financing. and it does require obviously a collaborativive between the potential taxing agencis that would be forming this new district. >> there is a special provision in terms of the city and county of san francisco, in terms of the membership. if you were to decide to establish one or more in this community, requires the mayor to make appointments to the board. it is different than the other structures in place for other cities and counties. in addition, i would also highlight that for a major... under the stien berg bill, for a project related to the high-speed rail, transit station. it has very special provision that allows within a half... the tax increments within a half mile of the transit of that station to be included in the district. and however, it does require that at least half of their funds raised in that new district, related to a high speed rail station to be dedicated to the high speed rail station development. so those are two unique circumstances that i found in the bill. on

he reversed his pledge to take public financing. and of course you guys are aware that until this election, every year for the past couple of decades, after each party nominated a candidate, they would get taxpayer money and not raise or spend other money into their candidates. i think i have that right. so obama said you know what, i'm not going to take that money. i'm going to raise my hand money. romney follow suit and now both candidates are off to the races. it is a choice, and a meaningful one in a decision both candidates made. they don't have to raise money if they don't want to. >> dollars are not stuffed into ballot boxes. what are the dollars used for? they are to persuade people to vote. and that sounds a lot like speech when we think about it that way. and ultimately, we as voters have to make decisions about what we are going to do. one of the concerns we have a say too many voters essentially won't take that seriously and there's passive receptors of the things they hear in the television. there may be some truth to t

we have finance ministers, central bank governors and other officials from 188 member nations all here now to really, you know, try to agree on how to deal with the problems that they share. and as you point out, they do have quite a few of them. of course, we've got the debt crisis in europe. but also another factor is the slowing growth in china. also, political problems on the horizon in the united states as well as other places. now, the economists from the imf have answered some of our questions with their world economic outlook. we'll have the details of that coming up in just a few minutes. now, also finance ministers and central bankers from the group of 7 nations will be meeting to discuss the challenges that they share. organizers have scheduled somewhere around 200 seminars as well as other events to discuss finance, poverty, as well as a whole host of other challenges. we've got even an example from right here in japan. many of the people attending will be heading up to northeastern japan to see the reconstruction efforts from the earthquake and tsunami last year. >> right.

open to the panel. >> in terms of financing? i can tell you what will be the licensing and zoning regulations, but i think i would turn it over to our financial institutions, in terms of -- in terms of the type of business that you would consider financing. >> we look at all kinds of business. we always want to see a business plan. we want to see the cash flow. just like the lady before, you can have a good plan, but if you do not have cash -- good credit is always important. people sometimes have no cash or they may have a cosigner or partner that could help. >> opportunity fund is a 51 say -- 501 c nonprofit and we can make the bay area a better place especially for low and moderate-income communities. some of our funding sources, like the sba, certain kinds of businesses we cannot lend to. adult entertainment, primarily, alcohol sales, and then there are some things that we decided we are not going to lend to. we choose not to lend for fire arms sales. medical cannabis, to be honest, as the ceo of a non-profit, i may not want

the german finance minister is having talks with his chinese counterpart.e visited china to mark 40 years of diplomatic ties with beijing. the two ministers said they wanted to increase bilateral cooperation. >> a court case against dutch oil giant shell has opened in the hague. four nigerian farmers have accused the company of polluting the land and water ways around their home in the niger delta. they say shelf failed to maintain pipelines or clean up the leaks. -- they say shell failed to maintain pipelines a clean up the leaks. shell says the leaks were caused by sabotage. >> a short time after prime minister benjamin netanyahu accused hezbollah of operating the throne, the drone was shot down. hezbollah said it passed over several important operations before being destroyed. >> cycling legend lance armstrong has been accused of operating the most sophisticated doping operation in sporting history. >> united states anti-doping agency has sent the findings of his investigation to the international cycling union. >> the court report claims that armstrong

campaign the issue of campaign finance has been complicated by a decision of the united states supreme court called citizens united which held that there's a first amendment right for corporations labor unions to spend unlimited amounts of money as long as they don't coordinate it with a particular candidate the coordination is really a joke because they have people who have worked with the candidate for fifty years they know exactly what the candidate once said and then runs these so-called independent expenditure groups and spends twenty thirty fifty one hundred million dollars it could be an individual like sheldon knaidel said who's put in twenty thirty million to romney's campaign the democrats are a stop from complaining about it because they go get money from the george soros isn't super rich in hollywood and of course the media and some sense and joy is that because where's that money spent on advertising the t.v. advertising you know rates and they make huge amounts of money off of carrying these ads but i want to go back to i think to the central point you made these critical

the rest are difficult products to finance or hard countries to finance. >> gavin: as a consequence isisk--is there a risk ratio, i mean, what kind of loan repayments do you have? >> well, i'm very proud of the studio thatthat we have. our write-offs are better than commercial banks. we're backed by the united states government, so the interest rate is lower. and secondly, it's not a good idea to default on the u.s. government. bad idea. >> gavin: what kind of loan, your portfolio looks how big. >> right now we're over $100 billion. president obama asked for $140 billion. congress did the approval of the portfolio. we're as high as 140. we're totally self sustaining. we elect fees for our work. it pays all of our own officers administrative costs and gavin in the last five years we've exported 1 mcdonald million dollars in extra revenue and gave it to the taxpayers for a reduction. >> gavin: yet it's political football. you got caught up on capitol hill for a two-year extension. what is the politics of that. was it something that was obviously just a negotiating ploy to take something

i looked at the resolution being introduced to regulate campaign finance. the students thought that the regulation, their proposal would create more regulation than the current system had. but actually created less regulation than the current system had. they would be deregulated and if their accepted. this shows in a sense how poor public knowledge is of our laws in this area and what a sort of going on here. for example, a large percentage of americans think they give to campaigns and federal elections. that's one of many kinds of things that make it hard to discuss the issue. >> what about the question of impact. not everyone has money to give and not everyone who has money thinks that money should be their prime mover in terms of political speech other than voting. so, how influential their citizens, citizens not leveraging their wealth in the discussion of how wealth is used in politics? >> citizens are more influential. sadly they choose not to be. we have a very poor track record of voting in this country. very few citizens cannot do though. people c

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he's been a leading force in the restructuring of campaign finance law. i caught up with him at his office in terre haute, indiana, and he told me why he believes secrecy is actually good for the political process. >> for people to participate in our democracy, citizens, they have to be able to talk about issues. and it's very important that that be protected, and the first amendment intended that that be protected. if they can't talk about issues because they're afraid that the federal election commission is going to investigate them or they're going to be complained about, or they're going to have to file a report, or they're going to have to do this and do that, then they are driven out of our democracy. >> ryssdal: bopp says disclosure laws keep people from participating in politics. >> anonymity for citizens is a very important concept because people are very reticent to contribute to overtly political entities. associating yourself with political causes is much more controversial than giving to the local hospital. >> ryssdal: conservative political

after fierce scrutiny, he agreed to make his finances public. transparency international support his decision >> if people lose their trust in our political institutions, then democracy suffers, it is good that steinbrueck and the sbd had taken this position. >> they're calling for legislation that forces parliamentarians to detail how much they earned outside politics and what for. they want germany to learn a lesson from the british house of commons, which has introduced some of the toughest anti- corruption laws in europe. >> in britain, precise earnings for any outside work have to be made public. all extra income has to be made public. even the precise amount of time spent doing each additional activity. >> german parliamentary groups will be discussing the proposals all this week. >> coming up after our short break, as the u.s. presidential candidates prepare for their next debate later tonight, we go to talk to people in ohio, hard hit by the collapse of the u.s. auto industry. >> as chairman is footballers take on sweden in their world c