those are the libyan investment authorities, that's the sovereign wealth fund. are outside the control of the gadhafi regime for months now. and presumably they will be turned over to the transitional council if it indeed takes power as we seem to expect it to. the other question is gadhafi's personal wealth and how much of that can be located and found and can it be distinguished from some of these libyan government wealth funds. after all, he's been head of state for 42 years. and that is still very much and open question. estimates all over the map on how much gadhafi's personal wealth is ranging from $30 billion to $250 billion. that's one good key, we don't really know the answer. >> when we talk about the country's assets of moammar gadhafi, england, tunisia, south africa, uganda, how does the national council go about retrieving the money from those countries? >> well, first of all, a lot of those are aware of the libyan investment authority funds that are invested in property in the english country side, for instance, in london, again, that is -- those a

there is first of all quite a bit of life as it has been managed in for example of would be investment authority manage to manage just over six hundred billion create investment office managers over two hundred fifty billion and we've been in discussions with both of them and they're very much interested was what russia has to offer and we believe that russia offer of awards of interesting investment opportunities to arab investors but they were just not so much focused on the region they preferred to invest in other parts of the world so being able to attract them as well as china and european funds and american funds is actually good for the russian economy in the one of his speeches going to his recent speeches as a matter of fact prime minister putin promised that he would be protecting foreign investors i think he even said personally taking care of for investors is it enough to convince foreigners that their money in your hands are safe well i think once again that had a very positive meeting with mr porter and they came very and there just and very much focused on specific sectors followi

i talked with investment author bill gross, he also runs pimco's multibillion dollar total return fundld. he predict there will be a downgrade. what's next? democratic leaders in the senate hope it get the debate going early this afternoon and vote later in the afternoon. a republican who was on a conference call with speaker boehner says the house will try to vote as well. congress has to approve the bill and the president has to sign it by tuesday. >>> rob marciano, what's going on in the tropics this morning? >> we've got action. you remember don, don died friday night with little fanfare or rainfall for texas. that didn't help the drought situation there. and this system which we think will become a tropical depression or storm here in the next day or two, aircraft en route to check it out, is just to the east of the -- of the windward and leeward islands, heading toward the northern caribbean. this will be a threat to places like puerto rico and the dominican republic and potentially the u.s., as well. if it becomes a tropical system, here's what our computer models are initially

we also are meeting all requirements of the government authority's investment policy. with that, again, this is an information item, but i'm more than happy to answer any of your questions. supervisor mar: seeing no questions, is there anyone from the public that would like to speak? seeing none, public comment is closed. thank you. could you please call the next item? >> item 8, introduction of new items. supervisor mar: there are no other items. is there anyone from the public would like to comment? public comment is closed. >> item 9, public comment. supervisor mar: and one from the public that would like to speak? public comment is closed. thank you, everyone, for being here. the meeting is adjourned. >> in this fabulously beautiful persidio national park and near golden gate and running like a scar is this ugly highway. that was built in 1936 at the same time as the bridge and at that time the presidio was an army and they didn't want civilians on their turf. and the road was built high. >> we need access and you have a 70 year-old facility that's inadequate for t

we also are meeting all requirements of the government authority's investment policy. with that, again, this is an information item, but i'm more than happy to answer any of your questions. supervisor mar: seeing no questions, is there anyone from the public that would like to speak? seeing none, public comment is closed. thank you. could you please call the next item? >> item 8, introduction of new items. supervisor mar: there are no other items. is there anyone from the public would like to comment? public comment is closed. >> item 9, public comment. supervisor mar: and one from the public that would like to speak? public comment is closed. thank you, everyone, for being here. the meeting is adjourned.

we also are meeting all requirements of the government authority's investment policy. with that, again, this is an information item, but i'm more than happy to answer any of your questions. supervisor mar: seeing no questions, is there anyone from the public that would like to speak? seeing none, public comment is closed. thank you. could you please call the next item? >> item 8, introduction of new items. supervisor mar: there are no other items. is there anyone from the public would like to comment? public comment is closed. >> item 9, public comment. supervisor mar: and one from the public that would like to speak? public comment is closed. thank you, everyone, for being here. the meeting is adjourned. mayor lee: thank you, everyone. i wanted to be here to welcome the prime minister from new zealand's. i know he is here. he is on a stopover in preparation for the america's cup, on his way, of course, to meet our president obama and talk about our two countries' mutual support and help. i would like to think that the prime minister was here primarily co view the comp

there is a court agreement between the parties that if the event authority invests in the waterfront to make it race- ready, that we will provide a long-term development rights at a number of locations as a means of repaying that investment. the core of those development rights are piers 30, 32, and seawall lot 330. a host of a new agreement is pretty explicit about a requirement for the city to use best efforts to remove the trust from seawall lot 330. we are lucky that in 2007 we had gone and laid the groundwork for this with sb 815. it found seawall lot 330 and a number of other lots useless and lifted the restriction and allow the leases for non-trust uses. so we have been in discussions with state planned staff about how to revise those findings and requirements. this is a faded met. i am sorry about that. -- faded map. it shows seawall lot 330 in its entirety. you do not have this in your set of maps. this was developed for the watermark condominium. a remaining 4.3 acres on the side that is used as a service parking lot right now, directly across the street from piers 30 and 3

these are some pictures and examples of how the public authorities can invest in cycling.this is a parking space for a cyclist. tend thousand bicycles can be stored there. -- 10,000 bicycles can be stored there. you can build a shelter for about 30,000 bicycles. now, what can employees do? many employees are working on the bicycle programs. this picture is a picture of a bicycle shelter at the company where my wife works. it is quite luxurious. that it is a lawyer's firm, 500 lawyers work there, and most of them, by bicycle. -- and most of them come by bicycle. many companies give their employees their bicycle with their name on that. it is a form of advertisement. many companies, the company where i work for, the chamber of commerce, they have bicycle and scooter sharing for the people to come by public transport. they can take a bicycle or a scooter to go to their place. many companies are stimulating their employees who are coming by bicycle because it is much cheaper than coming by car. it is also easier for these companies to start their business on a more "a" locatio

the report is expected to invest $55 million minimum of improvement for port properties. this will have the effect of having the port authority make those investments that offer long-term development rent credit to that effect. essentially it will be local investment. the city is also signed up to cover $32 million of the cost raised by the america's cup organizing committee or local taxes. what has been rejected is the $61 million of state revenue from the state from income taxes, sales taxes, etcetera, from the economic activity in 2013. based on those conditions, we have asked through the mechanism similar to what we did at pier 70 last year, that the city and port would be able to capture more of the revenue, the tax increment revenue through this mechanism. currently, we only have the ability to capture sixty-five cents of every tax increment dollar. it is generated through new development. in this district, that would raise it from 65 to ninety cents of every dollar tax capture. it has similar safeguards. the state has oversight. that would go through the state investment bank to be certain these are projects that are o

and in toronto we have jeff rubin he's a former chief economist for a north american investment bank journalist and author all right folks gentlemen this is cross talk and you can jump in anytime you want and i very much encourage it and i do it andrew first in london this looking at some of the other pictures that are coming out of the g. eight. festival as i think you could call it in france it looks very very impressive but is it just really just a talking shop do they ever really decided me thing and in the year two thousand and eleven is the g. eight powerful enough to drive the global agenda a lot of questions it's the side or a couple of days that you say i think you know if it is only a talking shop talking shop so quite important it's important that these guys should get together and talk informally amongst themselves after all that's how this group actually originated in the first place twenty years ago so i don't think that's a rather that's irrelevant itself it has a value but certainly the g. eight has been squeezed on the one hand the. countries in the world these days of the united states a

today's market action and the outlook ahead: michael farr, president of his own investment firm, farr, miller washington; and author of a new book, "the arrogance cycle." hi, michael, nice to have you with us today. i know you were dealing with a lot of shakiness near your office. >> the floor underneath he was shaking but certainly it didn't seem to bother the stock market too much, today, susie. it was a pretty strong rally with pretty good breadth. >> susie: what was that all about? the economic news of the the same. we got disappointing numbers on housing. we know manufacturing an manufae job market is not good. with kwe trust this rally? is the rally for real? >> i don't trust the rally because i believe the longer term fundamentals will prevail in most environments. i was talking to a friend, another strategist, and we said, look, everybody's making a big bet on a bernanke put here in the markets coming out on friday from the jackson hole conference, more quantitative easing and more government money coming into the market and i think the fact that it was pretty much oversold-- stocks seemed pretty cheap. so

authority. so they convinced these men that it would be a benefit to invest in bike accessibility. the thing is, i don't know, maybe you could put out an opportunity to meet them. we are mainly preaching for people who like our message, but i hardly meet people -- the opposition. i don't know, maybe there are some people who are against too much like accessibility in the room here, but up until now, we have not met them. >> back in my town, i meet them very often. one of the most, one of the best arguments concerns air quality and the problem of noise. also, the numbers of young families not wanting to have their kids growing up in town and moving out. they're really looking at what arguments can you put forward to say we cannot continue the way that things are going. >> think in copenhagen, the status of the car has changed. people are not used to having cars anymore. they sometimes use a car and go to a car sharing club or something. it is socially acceptable to cycle. 30, 40 years ago, you would maybe be seen as a loser if he came on a bicycle, -- if you came on a bicycle, but n