at the controls is the board's legal consistent and i'm julie rosenberg, the board's executive directorjoseph duffy,en

. >> so i am wondering if we have julie rosenberg here from the board of appeals. that's great. we just thought we would hear from her. >> good afternoon. thank you chair fewer and members of the committee. at the outset i would like to quickly recognize marie from the mayor's budget office. she was a tremendous help as well as necklace from nicholas from the controller's office. moving along, our mission at the board of appeals is to provide the public with a final administrative review process for the issuance, denials, suspension, modification of city permits and other determinations we are a strategic goal company to enhance the appeal process for all participants, to analyse and amend the board's rules, to modernize the appeal process. we are a self-supporting department. we do not receive funds from the general fund. our primary sources of revenue are surcharges. that comprises 96% of our revenue, and those surcharges are collected on new and renewed permit applications with the goal of cost recovery. we also do get for -- four% of our revenue from filing fees, which haven

at the controls is the board's legal consistent and i'm julie rosenberg, the board's executive director. we will be joined by representatives from the city departments that will have a case before the board this evening, scott sanchez, acting deputy administrator representing the planning commission and we expect joseph duffy, senior building inspector representing the building department inspection. the board meeting guidelines are as follows. the board requests you turn off or silence cell phones. please carry on conversations in the hallway. for jurisdiction request, parties get three minutes each and no rebuttal. people affiliated must include comments within the three minute period. members have up to three minutes to address the board. please speak into the microphone. to assist the board, you are ask but not required to submit a speakerrer card when come up to speak. speaker cards are available on the left side of the podium. own three votes are required to grant a jurisdiction request. this women be rebroadcast on friday, july 26. it can be downloaded from sfmovetv.org and now w

at the controls is the board's legal consistent and i'm julie rosenberg, the board's executive director will be joined by representatives from the city departments that will have a case before the board this evening, scott sanchez, acting deputy administrator representing the planning commission and we expect joseph duffy, senior building inspector representing the building department inspection. the board meeting guidelines are as follows. the board

july. >> all right steve, fascinating stuff steve liesman at hq. meantime, geopolitical tensions giving investors reason for pause. with us carson block, muddy waters, and chief economist david rosenbergiday people making jokes that bullard and kashkari are gunning for fed share. is that where we are >> i don't think that's going to happen i think we are gunning for 50 basis points on july 31st. i think that's going to happen i don't think the fed is going to stop there. you have to remember, you know, back in the last cycle the first rate cut in september of 2007 was 50 basis points. go back to the cycle before then when the fed started cutting rates in january of 2001, first rate cut 50 basis points and both those time periods nobody saw a recession coming, although it came two months later in both situations. >> yeah, in those situations 50 basis points didn't take us almost 30% of the way down to the bottom. >> that's a good point, but that was the famous quote from the q&a about the ounce of prevention for the pound of cure that was it right there. and he told us then and there at these low levels, the rates, if you are going to go, you are going big. >> the point this morning is