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i am optimistic the u.k. will play a part, but when you think bradley about these issues, this is global.is particularly so in the developing world. we are going to have to help get capital focused -- focused on the technologies that can move this transition. francine: china, exciting news from global -- goldman sachs. how committed are you to china? david: we take a long-term view. we take this view largely in the fact that we have many clients that have been doing business in china for a long time. they want our support. we are extremely pleased that after a long period of time we have ownership and control of our joint venture in china. we have a long-term plan to continue to grow in china. we have recently announced a joint venture. no question that the bilateral relationship between that u.s. and china is complex and will continue to evolve. was a long-term lens, -- we're watching it was a long-term lens. china operates as a global player. in the long term, that presence will be important. francine: is it riskier being alone or safer in a joint venture? david: there are always regula

the very end. let's hear from our next caller. >> hello, supervisors. my name is bradley weidmeyer, and i am a resident of over a quarter century on the block that i hope will contain the 450 o'farrell development. i am in support of this project. the church, its partner developers have worked with the city to do everything that was required for affordability and for the possibility of getting the building financed, and we are at a place where we need to get started. if the appeal goes through, we're back to the absolute black -- you know, a blank sheet, and it would be probably at least half a decade before this site is utilized as a home for the 360 individuals or families that can be in it as soon as it gets constructed with the plan that has passed the planning department with the very long-term care following the directions and the ideas. and it's very creative and a new typology. and the building that i live on, up shannon alley, is now a -- entirely studio apartments, but when the building was constructed, it had numerous configurations of multiple units, so this building has changed