and never grant is not the disease and of itself. and we should be clear on what's happening, the financial distress, the ever grand finds itself in now, is a deliberate choice of policy makers that began tightening down my property developers in the real estate sector. last year issuing the 3 red lines to guide the de, leveraging across the sector. so it's very much in and by a deliberate choice that chinese policymakers and financial regulators are, are moving ever grand towards this restructuring. i think the question that is out there is whether regulators really have the wherewithal to understand what all the linkages are that counter party risks, the contingent liability risks from a default or even an orderly work out of ever grant steps and our policy makers willing and able to make the kind of tough choices that they've been putting off for decades while china has grown so overland. and before we move on, talk to me about some of those difficult choices. what do you mean by that? well, you know, china's growth has really bee

we need grants, not loans.thank you very much. >> next speaker, please. >> thank you everybody. i am michael burns. the pawnshop restaurant and catering. we support this grant program. this is the first step to keep small businesses alive. hopefully this will come with other changes before the pandemic more restaurants and bars were closing than opening. >> thank you for your comments. next speaker, please. >> hello, thank you for your support. i am sterling and i am one of the owners of the restaurant in the financial district. rent is one of the highest in the country. we have accrued hundreds of thousands of dollars of back rent over the past 18 months ago. ppp covers a few months of payroll. payroll and rent and it works out to one month of covered rent. we did not receive revitalization funds which we were to use for rent owed. we have re-opened. sales are not even 10% of pre-covid sales. as a restaurant people do not eat twice a day to make up for what they have lost. it is impossible for us to make up 18

grant cha -s they have had in practice. grant chaps has _ they have had in practice.rant chaps has always been - they have had in practice. grant chaps has always been quite - they have had in practice. gent chaps has always been quite polished saying that smart motorways are safe. investigations like this have shown up, the extent to which they are not coming a much better they could be, and that thing is the public has to have confidence that the motorways are safe in order to use them. we have already seen this critical mass of lack of faith in the petrol being at the pumps or the motorways being safe, how much things can grind to a halt if people don't have faith in things working as they shed. so it is good that this is being investigated properly. in terms of road infrastructure, giles, you know, so much needs to be done to speed up traffic. this is seen as a _ done to speed up traffic. this is seen as a viable _ done to speed up traffic. this is seen as a viable time _ done to speed up traffic. this is seen as a viable time to - done to speed up traffic. this i

well, 1st of all, ever grants, probably. and right now is one of the biggest financial problems in china for many a yes. and the company, which is one of the largest property developers, and also diversified in too many other sectors, has accumulated a huge amount of indebtedness. however, allow me to emphasize that the debt incurred to buy ever grant is mostly a debt in itself, is not reproduced into derivatives as what was the case in the lehman brother financial crisis. in that sense, the ever grant debt situation is very, very different. in many, many important ways compared with the international financial crisis breaking out in 2008. i hope china will be able to put a good handle onto this major situation, either through bankruptcy, offer or major restructuring. and it is not going to be just one single restructuring because every grant has operations almost everywhere in china. so on the provincial basis, i'll talk in about more than 30 probably showing units of bankruptcies. so you are talking about a major financial

were made we applied for that we received a one thousand dollars granted and that grant allowed us toin to the space to finish the space as we needed it to furniture is for classes the building opened on schedule on march 18, 2016 and by july we were teaching classed here. >> which we found out we were going to have to leave it was overwhelm didn't know anything about commercial real estate we suggested to a bunch of people to look at the nonprofits displacement mitigation program you have access to commercial real estate either city owned or city leased and a city lease space become available there is a $946,000 grant that is provided through the mayor's office of economic workforce development and that's going to go towards boulder the space covers a little bit less than half the cost it is critical. >> the purpose of the organization trust to stabilize the arts in san francisco working with local agency i go like the northern california platoon fund that helped to establish documents of our long track record of stvent and working to find the right partner with the organization of o

we need grants, not loans.se. >> thank you everybody. i am michael burns. the pawnshop restaurant and catering. we support this grant program. this is the first step to keep small businesses alive. hopefully this will come with other changes before the pandemic more restaurants and bars were closing than opening. >> thank you for your comments. next speaker, please. >> hello, thank you for your support. i am sterling and i am one of the owners of the restaurant in the financial district. rent is one of the highest in the country. we have accrued hundreds of thousands of dollars of back rent over the past 18 months ago. ppp covers a few months of payroll. payroll and rent and it works out to one month of covered rent. we did not receive revitalization funds which we were to use for rent owed. we have re-opened. sales are not even 10% of pre-covid sales. as a restaurant people do not eat twice a day to make up for what they have lost. it is impossible for us to make up 18 months of lost sales to pay the back rent

these are grants that exists, yes. the reaction we get sometimes is that it's a daunting, it's complicated. there's technical assistance grants also to support the development of the strategies. so big part our job is engaging communities where they're at making sure we can help them. this is where organizations like nato play a very important role with the economic development districts and making sure that technical support exists. also sending that message that as an agent before and hate to sound like a broken record, and we need engagement from not only the public sector, the private sector, philanthropy, you know, different segments of community. because there is a requirement in eda grant as you may know which is a 20% match. at times that in itself can be an impediment. we are trying to bring to the table organizations like, for example, a good example is the telluride foundation. they have been able to provide the 20% grant in places like norwood, colorado, a rural area to develop projects. so the model has be

and again, a little bit of a concern that we are having to do another grant because in issuing the grant we don't have the position fill sod this will sort of further delay the application process. but we are looking to set the grant program so that it is distributed as quickly as possible. it will not be too complicated in terms of the application process. and rick and i will be working on what that looks like and likely at the next commission meeting, we will provide you with a report with how the funds will be distributed. and i think one of the key points that i do want to say is that there is some confusion because we did have the business assistance grant program. i know that i and rick have had conversations with the full commission about the initial program and that the way it was designed with proposition f was a very unwieldly program in terms of, one, not just in terms of it escalating obligation, financial obligation, if it were to be fully funded and our inability to modify how the grant program is to be enacted because it was created by the voters. so i do -- we can have fu

that is mba hall of fame or grant till. -- grant hill. we are back right after this. stay with us.is bloomberg. ♪ amanda: this is bloomberg markets. i'm amanda lang along with alix steel. we are seeing your raffle with an energy crisis. bloomberg energy reporter joins us now. what does the rest of the world need to know most about what is happening in europe? how could this be something if not contagious but something we should pay attention to? sheila: basically it is already starting to play out to the rest of the world in the hot -- form of high-end natural gas prices. there are countries who were not readying themselves with the additional stockpiles of natural gas ahead of time, unlike for crude oil where we saw that happening by countries like china years ago. this is all starting to affect the price of oil and this is in turn going to affect all the other oil based commodities or i'm sorry oil products like propane, diesel, gasoline. we are starting to see the problem already getting the fuel systems in the u.k.. there is a reason point that there was a possible strike that

but i do believe if we come together, with the help of the grant for the stores that got vandalized, we'll be able to come out stronger and united as a whole together. i want to introduce people to come up. grace? (applause) >> hi, i am with carolyn lin -- carlin company hair studio. i just want to take a moment to thank supervisor mar for helping push through the relief bill and mayor breed for signing the bill and pushing it through. it is very much needed. we have been in much -- had many challenges, the construction and pandemic and now crime. it is good to have relief and help from the city in these very hard times. just want to thank you supervisor mar and mayor breed. and i guess i'm the last speaker, we're all available for questions if you have questions for the speakers. >> i saw that the release was saying that grants aren't to cover stolen goods or shared spaces. >> for -- this is a vandalism relief fund. it is for, sadly, people who have been victims. there are specific requirements we have. for example, if you have been vandalized, we would ask that you report it to the

no matter what, grant sha -s are they? no matter what, grant shapps says. _ are they?mes, it _ are they? no matter what, grant shapps says, james, it appears l shapps says, james, it appears people are ignoring it and you do wonder has basic trust been lost in the government? this wonder has basic trust been lost in the government?— wonder has basic trust been lost in the government? this is the thing, the government? this is the thing, the government _ the government? this is the thing, the government says, _ the government? this is the thing, the government says, don't - the government? this is the thing, the government says, don't do - the government? this is the thing, the government says, don't do it. | the government says, don't do it. but actually, you know what, i have to get— but actually, you know what, i have to get to _ but actually, you know what, i have to get to work in the morning, i am worried _ to get to work in the morning, i am worried about doing it if i cannot fill my— worried about doing it if i cannot fill my car— worried about doing it if i can

goats sell your ideas to them instead of taking their votes for granted. i heard some political analysts quietly say, if it is true that latinos are increasingly like swing voters , ultimately that's probably a good thing. it will allow or force political parties to recruit latino voters instead taken for granted. the latinos will win if both parties are truly fighting for the vote. they said that quietly the other thing they understand is the other thing they are afraid of is, if it seems like latinos are swing voters if it is true latinos don't care if it's not an issue they prioritize why are we going to spend so much time and effort passing immigration overhaul? so democratic political analyst are really worried that if it seems like latinos are fractured and swing voters, they have long believed there is power in numbers. the way to get things done in washington on behalf of latinos is say if you pay attention to this growing voting block with enormous political power, you are going to be in trouble for it. but if it turns out the case that latinos do

at the moment grant shapps _ of drivers. nigel? at the moment grant shapps is — of drivers. nigel?oment grant shapps is trying _ of drivers. nigel? at the moment grant shapps is trying to - of drivers. nigel? at the moment grant shapps is trying to put - of drivers. nigel? at the moment grant shapps is trying to put a . grant shapps is trying to put a sticking — grant shapps is trying to put a sticking plaster over this by training _ sticking plaster over this by training 4000 british truckers over the next _ training 4000 british truckers over the next 12— training 4000 british truckers over the next 12 weeks in time for christmas and fast tracking visas for 5000 — christmas and fast tracking visas for 5000 from abroad. but it is only a sticking _ for 5000 from abroad. but it is only a sticking plaster. what the supermarkets are saying is you actually — supermarkets are saying is you actually need 15,000 drivers now to make _ actually need 15,000 drivers now to make things work so come on the basis _ make things work so come on the basis of— make things work so come on the basis o

will grant, thank ou for the us once again. will grant, thank you forjoining _ the us once again.once again. will grant, thank you forjoining us on _ the us once again. will grant, thank you forjoining us on newsday - the us once again. will grant, thank you forjoining us on newsday with l you forjoining us on newsday with that story. an update now on north korea reporting it is carried out a missile test this time on a surface to air device. official state media says a test took place on the 30th of september, in the last 2a hours, and the test firing was a success. worth pointing out the international bands on north korean missile development concern long—range ballistic missiles, and a service to air missile would not be in breach. but it's also the fourth missile system to be tested by pyongyang in just a month, indicating that kim jong—un remains committed to military development. if you want to get in touch with me, i'm on twitter, @bbckarishma. i look forward to hearing from you. you're watching newsday on the bbc. still to come on the programme, in germany, one of the last

jill: my son, grant. lemonis: nice to see you. grant: it's a pleasure.mixologist here? carter: she creates all the recipes and then we'll just make the big batches. lemonis: so you just do what she says. carter: basically. jill: yes. thank you. lemonis: is that true? jill: it's true. it's true. lemonis: does he do what you say? jill: for the most part. working with family is not the same as having an employee, because, i mean, they are employees, but sometimes it's hard. [ laughs ] lemonis: is this one room pretty much the company? jill: yes, it's small. lemonis: well, stop saying it's small. jill: i know. lemonis: it's exciting. jill: it's exciting. i know and i'm always like, i don't know why. lemonis: it's like you're apologizing. you're medium on your way to... jill: on to greatness. lemonis: that's right. jill: i do laugh under pressure. and that's my coping mechanism is i just laugh. he might find it insulting, but it doesn't mean that it's insulting. it means like, oh, my gosh, i'm on the hot seat. lemonis: which one would you like me to look at?

think about that for a minute all you grant people. robert e. lee would send them all over the country. overgaard gets to hang out in louisiana with friends and family and everybody he knows. this has to be one of the most rest jobs any officer had an 18 50's. even then he has no room to complain. in the 18 50's you see a lot of blower guards strengths and weaknesses so let me gives him strength. this man is a superb engineer. he's highly intelligent one of the smartest generals north and south. he fluent in several different languages and also inventor. he is better versed in military history than most of his contemporaries. his own maxims based on the maxims of napoleon however he he's also showing some of his weaknesses. he's annoyed that he didn't get much credit for mexico but he deserved. he needs to be number one in a big part of that is because just because you are the smartest person doesn't make you the easiest person to work with. and i think beauregard never quite got over that so his opinion was like leave mcclellan hewitt say they

so currently there are about 1500000 buyers waiting forever grant to deliver. now no more buyers are going to be joining this q because no one wants to wait that long anymore. and especially since the 1500000 barge, their insurance, they're even going to get their property. so the company is still trying to offload as much as they can in order to raise cash. earlier this month, they already hired bankers in order to try to sell their stakes and electric car and poppy services. now there's been a lot of talk about what the chinese government is going to do, what they may do in the coming weeks. so how did they respond to this, and are they preparing for some sort of bail out? do we know that yet? bailout does not seem likely in the books because the chinese authorities on thursday were asking local governments to prepare for the potential downfall of our grants. so this is concern that ever the facts could spread to creditors including bank in china. so any systemic liquidity crunches or the lien and momentum have to be dealt with and prepared for so the reserve

grants but the urban area security initiative grant program. some of its components and the like, to see how those dollars can meet the threats to insure that any gaps are closed. i would like to circle back with you on what we find and what other support we need. i'm very appreciative. >> now, and i want to really circle back on talking about the formulas, as i spoke about earlier, with critical infrastructure. we have to think about how our grants are funded as well as the nonprofit security grants because we have critical infrastructure in many places, and we want to be sure those formulas reflect the broad spectrum of threats that we may see now, especially on the cyber front and other ways. i really appreciate, again, all of you being here. look forward to having some more conversations and putting forth some meaningful legislation out of this committee as well as others. thank you, mr. chairman. >> thank you, senator rosen. before our ranking member portman and i make some brief closing remarks, secretary marcus, i think i would like to a

grant if you think the result will be a bad outcome. but i do think it's safe to predict that had justice barrett not john: court, i don't know that either of those cases would have gotten granted. i would have gotten very, very surprised if they were. but i think the chiefs' influence is on the merit side. what we're talking about so far is how the s the court going to compromise or are they going to try to do a grand bargain on scrutiny? are they going to try to make something another crack at the successor standard. and amy mentioned the carson case which is an area where the chief, i think, is very effective or has been in the last couple of terms in cobbling together have broad majority for narrow rules. it's what we might call trending of cases to get to one result of hardly a rule of you can't discriminate on schools based on their exercise of faith in infeudsing -- faith in the classroom or the status. but they're taking sort of like almost six or seven years to get to that one ruling. >> i'll be really >> i'll be really interes

remember, asylum claims are only about 50% -- 15% or granted.hink that 15% is quite generous because of the weight the appeal process works and we changed some of the policies and again, this is where i rely heavily on my four -- former colleague jean hamilton to specifically talk about this. we passed and implemented the public trenton. to come to the united states and support yourself and don't go on public assistance. there were some weird court cases come up talking about immigration court. it is run by the department justice. all the judges ultimately for -- work for the department of justice. essentially, the supreme court of the immigration court turns out to be the united states. so if you could take a case which we took several cases especially during the general session and in those cases, i see that jean has already texted me. so i see i already have to some correct something here. we took several cases and the attorney general is a sick able essentially to take on an appeal. in brighton opinion that in some cases change the law. i wi

but analysts say the government is unlikely to let every grant go bankrupt. they do not want to bail out all those bad behaviors, but still it will be too strong signal if it actually failed. so i think there will be some effort to go out at least a portion around the business. and maybe the strategic investors will be encouraged on the private sector trying to take over some of the business. every grant is renegotiating payment deadlines at banks and other creditors. more than 1500000 home buyers waiting for their properties to be completed by the fab. holding their breath, the multi $1000000000.00 traditional premium to luxury want market is expected to see little in the way of growth of the coming years. the industry is under attack from smart watchmakers and fashion houses that are rolling out their own brands. apple has come to dominate the smartwatch market with the launch of its new apple watch 7, which both the biggest screen it hopes to see off competition from samsung and google fit bit. the smart watch market is expected to be worth $59000000000.00

the implosion of every grant could take down the banking sector. as traditional analog watchmakers fanned off the fashion industry and peck giants that it eating into their business, we find out why sales of that contained watches are taking off the president, changing, paying isn't afraid of letting everyone know who is the ultimate power in china since is elevation 2012, he launched an anti corruption purge of what he called tigers and flies or high ranking. national and local officials. then came the internment of millions of weak is and so called reeducation camps and gene gen followed back out by crushing the hopes of democracy protest as in hong kong. g 's latest target is a huge segment of the economy that has powered growth in recent years. billionaires, celebrities, property, gaming and tech companies. she's reasoning the side effect of growth has been ever increasing inequality. it's time he says, for common prosperity. take a look at this chart. this is china's janai coefficient. basically, it's a measure of inequality. the closer you ar

the pell grant is not what it used to be. hell is the cornerstone federal aid program for students from low income background, like myself to help pay for college. tell used to cover nearly 80% public four-year institution. today, the maximum amount covers less than one third of the average cost of tuition, fees, room and board. if you think students today can still work their way through college, it is a scam. in 48 states, low income students need to work within 15 hours a week to pay for a public four-year education. -- more than 15 hours a week to pay for public four-year education. community colleges do not have the -- they need to adequately serve low-income students as well as black and latinx students more likely to attend community college. prior to the pandemic, they were already in trouble. only 18% said fully recovered from cuts made in the wake of the great recession. these are just a few of the reasons why so many students leave college with no degree and that they cannot repay. black borrowers like myself, were

the vote of john roberts to grant review. you fast-forward to now, amy coney barrett who had written a dissent while she was on the second -- seventh circuit suggested that she would be more receptive to the argument that the gun mike -- gun rights people were making and they agreed to take up this new new york case. it is a challenge to new york's concealed carry regime, under what which, you need to show a special need beyond the general need and desire to have a gun when you are out and about for self-defense. you have to show a real need to have one. the court will hear argument in that case in november. the next case i want to talk about is one called carson versus makin. in 2020, and espinoza versus montana department of revenue, they voted 5-4 that montana's exclusion of religious schools from a state tuition aid program that provided scholarships to attend private schools as long as they were not religious schools discriminated against religious schools based on their religious status and violated the constitution. th

this section, title see, makes grants to home-based childcare providers. these are childcare providers where it is mainly one person caring for sometimes six children, or one person and one employee caring for half a dozen children or more. this committee is now putting in a structure to make sure we are raising the wages on all of these small business providers, alongside larger childcare center workers. this will be a match at 100% the cost of providing subsidy grants to all eligible small business childcare providers. there is no required match. in the virgin islands where i live, where the median income for a family is $43,000 with some of the highest costs of living, families paying between $400 and $700 a month for electricity in the virgin islands. food costs, outrageous food costs, because we have to ship in so much of our food. and then the food also has to be in a grocery store, where the utility costs are high, so they pass those on to the consumers as well. this is a much needed investment, and i am very happy that the unfair territory spending

a finance professor on ever grant and its broader impact on china.heck in on the european futures. optimism after green on the screen yesterday across the european markets. gains of five tents of 1% in terms of european futures. u.s. futures gaining 3/10 of 1%. relief around ever grant and digesting the dovish tapering stance from jay powell and co-. lenny more ahead. this is bloomberg. ♪ it's moving day. and while her friends are doing the heavy lifting, jess is busy moving her xfinity internet and tv services. it only takes about a minute. wait, a minute? but what have you been doing for the last two hours? ...delegating? oh, good one. move your xfinity services without breaking a sweat. xfinity makes moving easy. go online to transfer your services in about a minute. get started today. (announcer) the core is key to losing weight, getting back in shape, and feeling good. introducing the aero trainer, designed to strengthen your core, flatten your stomach, and relieve stress and back pain. it conforms to your body and increases muscle activity. abs

the examples we have already heard are that the pell grants, getting a pell grant means that the aotcts reduced. if we are going to have multiple programs, somebody needs to be out there keeping track of how they interact so that students don't get hurt by it. that's what i would say is most important. that and that the money get delivered when students are paying the bills. delivering the money a year later does not help anybody get to college. thank you. rep. davis: thank you so much. dr. johnston, if i could ask you, in addition to helping students directly, i am also trying to create a tax incentive for colleges and universities to graduate more low income students with little debt to some clement -- to supplement, not supplant, discretionary programs. this is tricky because nonprofits cannot have tax liability. i thought about an institutional education tax credit similar to the new market tax credit that graduated low income students with little debt. you raised a different, intriguing point, and that is that colleges really like [indiscernible] with good terms. would it be good

our tax-free pell grants act would extend the tax-free usage of pell grants from tuition to cover all educational expenses like room and board. and this bill also expands the qualifying expenses for the aotc to cover computer costs, obviously invaluable in higher education these days, and childcare which is also a significant -- significant to being -- allowing many college students to continue with their education or in a non-college setting for post secondary. so childcare has become a barrier for many students. this bill is designed to remove it. dr. johnson, let me ask you in my closing time here, in your written testimony you support ending the taxability of scholarship and grant aid. why do you believe that it is important to do that to assist students who are economically disadvantaged from continuing with their education? >> thank you, congressman. and let me start by thanking you for your efforts to improve the taxation challenges that face many of our students, and we would welcome a long-term opportunity to work more with you on that. >> great. >> much of what you've said i

they gave out grants of a total of $400,000 over $500,000 grants of people who work inned night life just want to thank them for immediately jumping in and recognizing that that queer night life was going to be hit as hard as it was and figuring out how to use community assets and resources and generosity to raise money and give it to folks who've really been struggling. so i just want to give a shout out for their efforts to support and keep this night life and the people to keep this nightlife going through this particular time, so thanks. >> president: all right. i don't have anything. i was going to say something, but i can't follow vice president caminong's lines. i will say we are fortunate that the mayor scares so much about nightlife. it doesn't have to be like that and, in fact, it has traditionally not been like that and so we cannot take that for granted. time and time again, she's stepped in to help out. and not just her, but other leaders care deeply in a time right now when we're just getting out of the worst pandemic than even 1918 is looking now and we're looking at c

the examples we have already heard are that the pell grants, getting a pell grant means that the aotcgets reduced. if we are going to have multiple programs, somebody needs to be out there keeping track of how they interact so that students don't get hurt by it. that's what i would say is most important. that and that the money get delivered when students are paying the bills. delivering the money a year later does not help anybody get to college. thank you. rep. davis: thank you so much. dr. johnston, if i could ask you, in addition to helping students directly, i am also trying to create a tax incentive for colleges and universities to graduate more low income students with little debt to some clement -- to supplement, not supplant, discretionary programs. this is tricky because nonprofits cannot have tax liability. i thought about an institutional education tax credit similar to the new market tax credit that graduated low income students with little debt. you raised a different, intriguing point, and that is that colleges really like [indiscernible] with good terms. would it be go

grant. >> thank you dave.running crime prevention strategy that is used in a pair of east bay cities, maybe coming to san francisco. it involves cash incentives for not committing crimes squad for sigmund. spoke to the executive director of the organization behind the initiative. san francisco's dream keeper. fellowship has been described as giving someone monday to not to people. how would answer someone who sees this program and those >> and so the pain criminals not to shoot is a catchy headline, but extraordinarily an accurate description of the initiative, the dream keeper initiative is part of mayor london breed. 60 million dollars investment in san francisco's black and african american community. >> that will also provide resources for, among other things, youth development, education workforce training and guaranteed income resources aimed at reducing violent crime in the city says the executive director of the national institute of criminal justice reform. david muhammad who explains how it works it'

funding and qualifying for federal grants and application process. in closing, we always appreciate the members of the public that add their comments. and that's my report. >> chairman: thank you very much, chair holt, for your report. directors, any questions of chair holt? director shaw, thank you for attending. much appreciated. thank you very much for your report. mr. secretary, i think we're just about done. if i recall, we have at least one more meeting virtually, in october, if not november, too. is that kind of the schedule? >> yes. but as interim director alluded in her report, that since has been changed. we'll keep you updated. >> chairman: ad361 is being circulated in san francisco to give local agencies the authority to continue virtually until early next year. that requires a two-thirds vote, if i remember correctly. so at least one more meeting virtually, if not more. everybody please stay tuned to the agendas and e-mails. directors, thank you for your time. happy september, be well, and we'll see you next time. >> thank you, chair gre