fta has agreed to the conditions and the board is on the baseline budget for this afternoon. [unintelligible] supervisor campos: the actions being taken today, this includes your of line? >> good question. no, it includes financial ground rules but not for testament management. supervisor campos: why not hear from the mta? >> -good morning. today i am joined by the director of finance and information technology. today's briefing will provide you with how and we will highlight accomplishments under required road map of deliverables. highlighting the police program as body authorized on the date of what is happening at fourth and stockton. the project is currently on the path to riches -- to achieve a full funded grant and they can -- continue to submit and satisfy the full funding grant agreement and i understand that there are necessaries of metals necessary to receive a risk assessment update that the project will go through, scheduled by the middle of may. as mentioned, central subway financial plans are comprised of federal, state, local, and nationwide programs. in dealin

i have a meeting with the fta administrator on wednesday. i will be talking to him directly as it relates to central subway and this local ordinance. >> [inaudible] >> let me say this. this is common throughout all federally funded projects. we've always had a provision that says that we will implement all of our local laws to the extent they do not violate any federal rules and regulations. it's as simple as that. what we are trying to do is make sure that the feds understand what we're trying to do. there are a lot of provisions. when we crafted this local hiring ordinance with the board -- there's a lot of flexibility. you have to look at the language. the flexibility allows us to work on federal contracts without conflict. there are many aspects of this, whether it is our reach, whether it is educating the family of contractors to use city build, to look at where the work force is coming from -- a lot of those aspects will result -- they will get jobs to our local residents. >> thank you to everyone for attending the press conference tod

central subway continues to demonstrate support and commitment from funding partners of the fta. currently under review with mtc, the supplemental insurance funding component will be addressed by your action today. to prove the identification of additional state funding of the need arises in the future. to give you a brief update on what is happening out there. south of market on fourth street, the shots are clearly under way. this will be completed next month. this year we have awarded our second contract in the union square area. january, on the left, we have the pedestrian what -- pedestrian walkway barriers. the photograph on the right is a demolition of a sub-sidewalk basement. vacated for the future union square market street station. asking owners and businesses to vacate their basement, the shot on the right is an example of one of the basements vacated. finally, some of the realizing of the sewers and potential subway project that will cross stockton street, this is an example of gary and the realigning of the sewer, complete sewer realignment of the infrastructure. this

you have $75,000 for the fta program. you can see vehicle registration fees year, $332,000. removing the $340 million debt issue as anticipated last year, with the increase of $16.5 million in revenue this year, there will be no need to issue the debt for this fiscal year, 2011. with it that, we are seeking a fiscal amendment. supervisor elsbernd: in terms of decreased expenditures, what is that affecting? he mentioned a swap. is there a decrease in a project going forward? >> last year we spend more time. -- spent more time. last year we were still working with estimated numbers. after taking invoices into account, we are increasing our voices right now. it is more like a timing difference. supervisor elsbernd: thank you. supervisor mar: any other questions? let's open this for public comment. is there any member of the public that would like to speak? public comment is closed. move forward without objection. thank you. please call the next item. >> item #5,preliminary fiscal year 2011/12 annual budget and work program. this is an information item. supervisor mar: i think t

you have $75,000 for the fta program. you can see vehicle registration fees year, $332,000. removing the $340 million debt issue as anticipated last year, with the increase of $16.5 million in revenue this year, there will be no need to issue the debt for this fiscal year, 2011. with it that, we are seeking a fiscal amendment. supervisor elsbernd: in terms of decreased expenditures, what is that affecting? he mentioned a swap. is there a decrease in a project going forward? >> last year we spend more time. -- spent more time. last year we were still working with estimated numbers. after

fta has agreed to the conditions and the board is on the baseline budget for this afternoon. [unintelligible] supervisor campos: the actions being taken today, this includes your of line? >> good question. no, it includes financial ground rules but not for testament management. supervisor campos: why not hear from the mta?

i do not think that a bilateral fta is a mechanism that the u.s. needs to use to deal with currency manipulation. we have had this problem before it. is started when richard nixon took the south of the gold standard and it came up in 1985. rather than with just dealing with it on an ad hoc basis, we really need to deal with it -- the issue of currency manipulation. the agreement woul have hurt the auto industry. that would have created a lot of job loss. i think with this trigger, the u.s. tariff holding steady for five y and korea immediately eliminating their terror of and if there is a problem, the u.s. can stop tariff reductions on autos. i think the administration needs to enforce that. they need to call it a very closely. i think it gives us a good mechanism. why should it be passed? one thing i would argue is that u.s. credibility. i just think the u.s. cannot negotiate agreements and then sit around on them for five years. particularly when we are negotiating them to some extent for foreign-policy reasons. it is the wrong signal. the agreem

business investment treaty done, which in many cases the preludin towards -- is a prelude towards the fta. >> since we are almost running out of time, i will ask people to restrict themselves to one question now. this gentleman here and then this gentleman. >> andrew wilson. i have a question on tail taxation. the pakistan business council called on the pakistan government to diversify the tax base and diversify collection, and i would like your views on how we can go about doing this. ." i think this has been a hot topic in pakistan -- >> i think this has been a hot topic in pakistan. first, there has been a massive amount of time spent in political dialogue, and not just with politicians and political parties, but also with stakeholders, including the pakistan business council. i was the one who organized the meeting with the president. we are grateful to them. there is an emerging coalition that is saying these are areas we cannot ignore any more in need to focus on them. as i have said, we have already taken steps to bring a totally new sector that are outside the net, including texti

fta, the free-trade agreement signed between israel and the united states in 1985, the first trip agreement signed. since then, our trade when up hundreds-fold. you see the connectivity at between economies, societies, and this is very important, and they will continue. -- and it will continue. this will also be very important when you look of the new vision for our region. to say that we are seeing a sea change in the middle east is probably an understatement. to say that it is very significant to all of our security and well-being is also to state the obvious. but i can tell you that from what we see, starting in to any share, but went into egypt and everywhere we see in the globe, including in syria today, is something that i can say for early safely that it is quite genuine uprising. very authentic. there is a common denominator for all these uprisings, and this is deprivation of civil rights, economic opportunities, and of the thing that just stands out from that. very brutal, dictatorial regimes who do not care for the people, only for themselves, and have been able to stay in power f

fta and icc they have the responsibility of developing codes and standards on appliances and electric infrastructure to facilitate their safe and effective use of the charging infrastructure. that's not all that we're doing. we're focusing our efforts on grid readiness and customer education. both of which i believe are critical as we move beyond early adopters to more widespread acceptance of electric vehicles and electricity as a viable transportation fuel. we're working with automakers, dealers and others on early notification programs. so we know when with and where the vehicles -- so we know when and where the vehicles are coming to our territories. so our overall distribution infrastructure is ready. so our transformers are properly sized and so that our call centers are educated so that we can communicate with our customers in realtime. we think that's create kale. -- critical. we believe all of this will help our members as they evaluate their systems, and they look at the impact on additional reliability need and the impact on low carrier improvement. in order to maintain the

obviously, right now we have this environment coming up where congress is looking to pass some of these fta's whether the u.s.-colombia free trade agreement where there's an opportunity for the market aspect to get bundled. the second question is on, you know, when we have things like the u.s. pakistan enterprise fund, questions come in like why do we need this government fund investing in pakistan that's overseen? part of that is you see very smooth pathways for u.s. businesses to go into india which is next door so i think a lot of that comparative, you know, analyzing is going on when u.s. is looking to base, you know, where are we basing our manufacturing facilities? i know you said you were in a position to describe what pakistan's competitive advantage was, but talk about what things pakistan can do to facilitate u.s. businesses whether that's a communication strategy of how pakistan is a good investment destination or business delegations because there's the convening power of government where we can facilitate these private sector missions to pakistan. if you can talk about those effo

obviously, right now we have this environment coming up where congress is looking to pass some of these fta'shether the u.s.-colombia free trade agreement where there's an opportunity for the market aspect to get bundled. the second question is on, you know, when we have things like the u.s. pakistan enterprise fund, questions come in like why do we need this government fund investing in pakistan that's overseen? part of that is you see very smooth pathways for u.s. businesses to go into india which is next door so i think a lot of that comparative, you know, analyzing is going on when u.s. is looking to base, you know, where are we basing our manufacturing facilities? i know you said you were in a position to describe what pakistan's competitive advantage was, but talk about what things pakistan can do to facilitate u.s. businesses whether that's a communication strategy of how pakistan is a good investment destination or business delegations because there's the convening power of government where we can facilitate these private sector missions to pakistan. if you can talk about those effort

-- obviously right now we have this environment coming up where the congress is looking to pass the fta whether it is the u.s.-columbia free trade agreement, south columbia or there will be the opportunity for the access to get bumbled and passed. if we can get more details on the strategic strategies and the second question, when we have things like the u.s. pakistan enterprise fund, that's where these questions, and it's like why do we need essentially this government fund investing in pakistan? it's going to be overseen by managers and part of that is you see a very smooth pathways for the u.s. businesses to dillinger india which is next door. so i think a lot of that comparative, you know, analyzing is going on when they are looking to base the manufacturing facilities, where are we going to base these things? i know you secure in the position to describe what pakistan's competitive advantage was, but if you could talk about some things pakistan can do to facilitate business is going to pakistan whether it is treating a strategic dominica strategy how pakistan is a good investment i

he became president of alpa and i became president of fta. we had many successes because we were able to work together on issues on which we all had agreement. he is the kind of person who is able to bring people together. he has had a great career as a pilot, as a businessman, as a leader. he was the perfect choice to become administrator of the faa. i give you randy babbitt, the administrator. [applause] >> thank you. that was a kind introduction. i appreciate that. good morning to all of the distinguished guests. i am happy to be a period in time we get this many folks together with aviation as an interest, i know you have other interests. a quote came to mind. carol had a great quote. a professor of a university made an observation. when it comes to the future, there are three kinds of people. those who let it happen. those who make it happen. and those who wonder what happened. in this room, we have the people who make it happen. it is so interesting to be here to chat with everyone. businesses and entrepreneurs are america's economic en