to formula retail i read you had a 9 perris more money spent locally by independents as opposed to formula retail recirculating in the economy your conclusion it looks like there was a netted economics impact in a positive manner with a establishment on that basis alone; is that correct and yeah. we felt the local premium for the local retailers was the generous the largest possible premium to support for the local retailers and we picked that because the data was not directly on point but the best data on the subject but to answer your question yes when you comba compare the net economic impact of a directing spent on formula retail with the same amount costing the consumer more out of the pocket that price difference out weeks ago that we attribute to local railway >> you thought our local rent there was no real evidence about the increased rent with the presence of formula retail stores although you said if there's a 3w4r50ib9d area where there are huge vacancies they went vacant because of the formula retail lack. >> it's no so much we didn't have data although it's true we felt the absence of blight issue it didn't effe

the local government realized that this would have a huge effect on the local economy. analysts say that the firm managed to avoid default on wednesday because it received aid from local government. the local government realized that this would have a huge effect on the local economy. analysts say that the firm managed to avoid default on wednesday because it received aid from local government. >> i think that shanxi provincial government just want to rescue the company because they want to overcome the problem of unemployment. the unemployment importance is very serious, just damage the stability of the society. >> reporter: continuing to bail out companies to avoid defaults poses a moral hazard to the economy. the chinese premier li keqiang noted in march that he would allow a certain number of defaults to go ahead. >> translator: it's unavoidable that some financial instruments are going to suffer defaults. the government needs to strengthen its monitoring and avoid systemic financial risks. >> reporter: the expert says it's more important for the government to change

plus, what does it mean for others that support fracking including hurt local economies.ater, alternatives from behind the county wide man on the practice and how he is still facing a uphill battle with big oil companies. >> edge of eighteen coming september only on al jazeera america >> israel's invasion of gaza continues tonight. >> we have been hearing a lot of tank shelling coming from where we are, here. >> every single one of these buildings shook violently. >> for continuing coverage of the israeli / palestinian conflict, stay with al jazeera america, your global news leader. have to choose between at clean energy future and decent jobs. and what the trackers aren't telling us, those jobs don't last forever. but the chemicals that infect our waitedder will. >> welcome back two small new york towns shook up the nationwide fight against fracking this month, when they successfully won the right to ban it in their areas. experts lotted these as landmark decisions. joining us to discuss this more, including the nationwide impact. she is the environmental lawyer who advi

item if solid from a formula retail or non-formula retail the second is the spending in the local xhig economy per directing of review there's anecdotal evidence and quantify evidence that locally owned have advantages and that's one of the things to investigate we want to do investigate the question of an employment effect f per directing that the formula retail hired fewer people we wanted to look at the impact on commercial rents and whether or not there was a case in terms of by limiting formula retail do you reduce the commercial rents that has a broad impact on the city and finally, there's the impact of formula retail for the perception of the neighborhood quality and the premium people pay for living in our neighborhoods going through the list of 5 we were able to gather evidence open 3 of them and look at the question of prices and what are the prices derivatives between formula retail and non-formula i'll talk about that we were able to get some data on spending and how much spending a typical small retailer versus a larger retails has on supplies some are local and in most cases loc

like astra zeneca are hoarding cash in offshore tax havens where it's not available stimulate local economies and they're making acquisitions based on fiscal strategies money strategies rather than trying to make decisions about how to best manufacture the best product. completely lost in the debate between the b.i.l.'s the bank of international settlements and the i.m.f. the international monetary fund. over stimulus of central bank policies and strategies is a simple economic fact. economies are driven by one thing demand and the principal component the thing that makes up demand is wages. instead the financial times noted that the bank of international settlements is calling for policymakers to halt the steady rise of debt burdens around the world and embark on reforms to boost productivity this echoes the old reaganomics line that increased productivity equals a growing economy make more thing. but productivity has been rising steadily in the united states since the one nine hundred thirty s. since the early eighty's it has become uncoupled from wages effect of green line there which have

experiencing earthquakes and water contamination but what happens when a town needs it to boost the local economy more on that later in the show. good evening it's wednesday july ninth eight pm in washington d.c. on lindsey france you're watching our team america. we now know the names and faces of five prominent muslim americans revealed by the intercept whose e-mails were covertly monitored by the national security agency and the f.b.i. they aren't the only ones documents leaked by n.s.a. whistleblower edward snowden reveal seven thousand four hundred eighty five email addresses that were allegedly monitored for six years between two thousand and two and two thousand and eight many of the addresses appear to belong to foreigners the government believes are linked to terrorist organizations but the five americans named by the intercept are all prominent in their fields and deny any involvement with terrorism they include a simca for a civil rights attorney fassel gill a pakistani born lawyer who served in the department of homeland security nihad awad executive director of the council on islamic

experiencing earthquakes and water contamination but what happens when a town needs it to boost the local economy more on that later in the show. it's wednesday july ninth five pm in washington d.c. i'm lindsey france you're watching our team america. the man who leaked the documents about the n.s.a. mass surveillance is seeking to extend his time in russia edward snowden has asked that his asylum in the country be extended for a year it's scheduled to run out on july thirty first snowden first arrived in moscow on june twenty fourth of last year of the hong kong after fleeing the us russia granted him asylum on august first and in the exclusive interview with n.b.c. news in may he was asked about hiding out in russia here's what he had to say. the reality is i never intended to end up in russia i had a flight booked to cuba on words to latin america and i was stopped because the united states government decided to revoke my passport and trip me and moscow airport snowden told n.b.c. he'd like to return to the u.s. had the option was on the table but he is wanted by the u.s. on espionage and thef

the tech sec tomorrow tor is do everything that drives the tech sector, local economy, private equity, we are the center of invasion here. so that more than anything drives the housing market. >> reporter: there are many exclusive communitities for the elite but it's the most sought after location and buyers are proving fast. ken of the leon reality sold a mansion for $14 million to a chinese buyer in 72 hours. >> one of the reasons it's so hot right now is forbes named it as the number one most afluent zip code in the area. many of my clients want to be in the best area of america to so that helped boost it. >> reporter: buyers pay for their homes in cash and some investors from china will pay for a mansion site unseen. he is on track to do $500 million in sales this year. he's now even buying a plane so he can show chinese and indian buyers the beautiful views of what they could be buying. the take away, if you're a realtor you might think about coming to atherton. if you're a buyer, talk about sticker shock. >> talk about your dream house, huh? >> seems like home prices are reachin

small businesses remain the heart and soul of our local economy this includes the online business portal cutting through red tape and making it easier to operate and start a business sometimes, we forget our nonprofits are a critical part of our economy we must do more to support the sector as a whole to today, i want to affirm that my budget contains 1 and a half increase to nonprofits that contract with the city in addition we'll also launch a new sector initiative at the office of economic workforce development to focus on strengthening our nonprofit sector. this budget also includes my invest invest in neighborhoods with the 25 neighborhood commercial districts providing a job squad that brings businesses to our city hall and brings wifi to our commercial corridors. ladies and gentlemen, while the worse of our economic crisis maybe behind us we can't deviate in insuring a budget is balances our diversity across the city we'll continue to invest in our neighborhoods and infrastructure and most important in our people with the one hundred percent. i want to recognize budget supervisor

we looked at jobs in local economy, education and community life. rt -- chart that shows how they have evolved over time. from the 19 70's to 2010 that education has increased dramatically but the index for the economy has declined as well. measures are more muted and opportunities have leveled out since 2000. theseu talk us through different areas and why you chose them to go into the index. guest: let me talk indicator levels. income inequality and the poverty rate. education looking at post secondary degrees among adults, those who completed an associates degree or credential. we are looking at preschool enrollment and on time graduation rate or percentage of high school freshman who are successfully completing and graduating in four years. then in the healthy community dimension licking of violent crime rate i disconnected youth that are the share of 16-24-year-olds not enrolled in school and not working. finally, access to medical care by the number of doctors per 100,000 residents. some of the trends you pointed out are right on. the good news

in our nation's capital region, the federal government has always been relied on to keep the local economiesng and stable through bad times. but that's changing. looking to the future, we all have to adjust to a disturbing fact, the federal government no longer can be counted on as that expanding source of jobs and consulting contracts. >> in the last three years, we've lost about 20,000 federal jobs and over $11 billion in government contracting spending. the growth we're going to see in the future is going to be entirely driven by private sector. >> we need to diversify our economy. we need to diversify our work force. we need to think as a region. >> the city and region are attracting scores of retail yobs and other businesses, but every jurisdiction is searching for higher paying private jobs. >> we need to think creatively and broadly and powerfully about thousand do that. >> and for the district especially, that means pushing even more school reforms to prepare workers for the jobs of the future. improving middle schools, settling intense battle over school boundaries, and clarifying t

pollination is essential to local economies. california's, an industry is an example. >> almonds are a cash crop. we export them abroad. they rely on honeybee is to produce that not to each year. it is in over $3 billion a year business. without bees, the allman process does not exist. the ability to transport around the globe does not exist. the transport change from the be to the beekeeper to the trucker -- all of those points of our current food system come back to the bee. vanished? the bees growers would be confined to three crops. wheat, rice, and corn, crops that do not require bees for pollination. the impact on the economy and the consumer could be profound. --lines in the populations bee populations are not new. in the u.s., they have been slowly decreasing for some time. in the last 50 years, the amount of money produced has fallen by 50%. the epa says the prevailing theory is the decline of help in honeybees in general -- held in honeybees in general -- health in honey beans in general, are the result of multiple str

to boost the local economy. to help with the groceries. that's real love. and so is giving her real tasty food. introducing a delicious new wet food from iams. some brands use fish processed with gluten. but iams fish recipes are made with 100% real fish fillets... for a meal that tastes like homemade. now, that's real love. and so is helping with the homework. keep love strong with new iams perfect delicacies, with 100% real fish. love the iams difference or your money back. yeah. i heard about progressive's "name your price" tool? i guess you can tell them how much you want to pay and it gives you a range of options to choose from. huh? i'm looking at it right now. oh, yeah? yeah. what's the... guest room situation? the "name your price" tool, making the world a little more progressive. officials believe they have found the final victim of a deadly washington state landslide. crews have been searching through mud and debris since the march 22-nd disaster. yesterday.. officials may have found the body of molly "kris" regelbrugge. local officials can't conf

plus what does it mean for others across the nation who support frac-ing, and could it hurt local economiesand frac-ing alternativesing from the man behind the nation's first county wide ban on the practice. ♪ >> we think that we don't have to choose between a clean energy future and decent jobs, and what they aren't telling us is the jobs -- those jobs won't last forever, but the chemicals that infect our water will. >> yeah! [ applause ] >> two small new york towns shook up the nationwide fight against frac-ing this month when they successfully won the battle to ban it. joining us on skype to discuss this more, out of ithaca new york is the environmental lawyer who advised the town against the energy corporation. also with us is linda levine, a board city council who was instrumental in mobilizing her community to support the frac-ing ban. thanks for joining us. linda, do you feel this is a precede precedent-setting case. >> i do think it sets precedent for people all over the world to know that just ordinary folks can do something to change this and make them aware of the dangers in the

it's important i support those local businesses and help them they're the ones is support their local economies and institutions >> thank you. next speaker. >> good evening, commissioners. my name is susan i'm with the independent pet store in the city. and i support supervisor eric mar's one hundred percent first of all, 12 to 20 please keep it at 11 i hearing hear about the cost and time it's expensive for small businesses to go through the process but there's one thing no one has talked about the independent business that has to fight those subsidize and changes coming in our cost and time we don't have the resources we can't find out things the expense is incredible we're having the employees work so we can run around and do our job to not have the chances move in the other thing as far as the slippery slope was mentioned to control the subsidize and the only slippery slope is for independent businesses that don't have the large corporations to support them. and the other thing that wasn't mentioned about is the internet and and it's effecting small businesses i know this is off the beaten

what's we call the emerald triangle in northern california, the industry which sustains local economies isn't very sustainable atself. it hogs the water and there's a severe drought. if you look at this, the yellow pins show all the areas designated as marijuana grows by law enforcement through satellite maniagery, production which they say has doubled in five years and now an industry which is usually tolerated because of the the money it brings to local economy is being criticized for the damage being done to the environment. water use for marijuana could consume essentially all of the stream flow in that watershed. what we are seeing today, when we go out and observe some streams that they're already going dry. so it's significant, for sure. >> i've heard there were people who have actually shut down their grow operations, bought water trucks and have changed from growing to supplies water to the other growers. so that's almost another industry of bringing water in. >> reporter: now, there is some talk that maybe the instrument should be regulated so it brought into the fold. that se

>> we're very bullish on our local economy and we've been supporting that local economy and connect one continues to lend. >> individuals say, well, certainly right after the meltdown, it was tough to get a loan period. you had to go through hoops to qualify to get one. has that changed? >> a lot of that still exists. and the regulatory environment is not making it easier y right? so a lot of banks are having difficulty putting out certain types of loans that i think are important for today's economy. so it is causing other issues. student loan debt is causing issues for first-time home buyers. house ownership is at one of the lower points in 20 years or so. but i do see changes that are positive. there's a lot more apartment building going on. we're building apartments. transit places are very hot today. very hot in new jersey. >> but new york, it's different base. is it indicative of the nation. >> the new york mel metro area is pretty big market. >> here is another thing, we've got 1,000 plus days without a correction. some people say you need the flushing out to keep things going. >

grateful addition and with the investment felt $50 million we'll be creating 14 hundred jobs in our local economy. suffice it to say for the caltrain's folks as well. i want to say thank you to the folks who get our project duplicate. for the golden gate bridge team dave we're happy to have other folks thank you, brian for your leadership. the golden gate bridge will construct a new ramps to the san francisco bnl and we've been on time and under budget through the design and phase and confident they'll continue. we're thrilled and grateful that the golden gate bridge company has pledged to finish this we want them to know we're they've for their proclamation. we look forward to hearing from mayor folks. by the way, all the trucks were bought by one or more of our dbi firms. many of you are here from the dbi side of the house. thank you very much. this is what economic development looks like a so thank you and paul i don't know if there's a way to keep all the machinery here i think my four yearly and others would be ecstatic to look like this. now without further ado, let me electro a champion ou

let me begin by saying that i'm always willing to work together to support our local economy and create local jobs. as a prime example, i'm excite that had we could bring additional funding to go solar s.f. through in year's budget to do just that. our commitment of a 4, $5 million a year to go solar s.f. will continue to create local green collar jobs and has contributed the creation of locally produced 100% green energy. these are the kinds of meaningful investments that actually deploy dollars, creates jobs, and moves the needle on green energy. but the point of your question, supervisor avalos, i understand that last year the board of supervisors passed a nonbinding resolution urging the retirement board to divest from the top 200 publicly traded fossil fuel companies. i also know that the san francisco employees retirement system under the very professional leadership of executive director jay housh, and retirement president victor [speaker not understood] has been actively working on this issue. also, i have already reached out to your board of supervisors' representative on the r

but a majority of the jobs won't provide much of a boost to the local economy. most are temporary construction jobs or part time and relatively low paid service jobs on game days. only 60 stadium jobs will provide permanent full-time employment and they are mostly executive positions in marketing sales and operations. levi stadium will open august 2nd with the san joseet quake games. >>> it is holding a victory party at 5:00 tonight. the city council approved hiking the minimum wage last month. it goes up to $10 in october. it will go up another $1 the following year and bumps up to $12.53 in 2016. >>> coming up at 4:35. celebrations continue as a world cup champion is crowned. >> germany deserving champions of the world. >> champions of the world. germany's mario put in the only goal of the game. the score was tied nil-nil until the 113th minute when the ball hit the back of argentina's net. 20 police officers and at least 60 people were injured. angry mobs threw rocks at officers and vandalized several businesses. police in riot gears used tear gas to break up

as a strong local economy. i know we have a lot of winners. trust me, i see them everyday in my neighborhood. i think there are others who are not sharing at all the wings. -- winnings. we need to share those. i'm going to bring an unholistic approach and i'm going to irritate people. issues facing this city are affordability, displacement, neighborhood character shth historic preservation, retail and business landscape and live ability. i want to ensure that we stem the loss of our diversity, our sole and city's core. i feel it's happening too quickly. diversity to me, means income diversity, people diversity and cultural diversity. when we full lever in the same way to try to get the same outcome is dangerous. i don't think we have an approach to say how we are going to work in the future. i feel every city has some responsibility to say where we are going to go. we all own it. my experience and accomplishment should stand on their own. i would love toen attain any questions on it. i ask you for your support today. >>supervisor norman yee: t

sounds great, according to a report from the oakland tribune it will not be enough to boost the local economy. most of the jobs are temporary, construction, part-time or relatively low paying service jobs on game days. the report says only about 60 stadium jobs will provide permanent full-time employment and those jobs are mostly executive positions and marketing, sales, and operations. >>> vintage pez dispenders, car parts, and now picassos. ebay and sutherby's are teaming up. the partnership will give ebay's 145 million customers instant bidding access to the high end items featured at sotheby's auctions. >>> a new report out today finds that some people may be allergic to their tablets. doctors found several cases of rashes stemming from an allergic reaction of nickel found in many devices like tablets, cell phones, and some jewelry. in some instances the solution is as easy as putting the device in a protective case. the study says doctors need to consider devices as a possible source for skin rashes. >>> as california gets deeper in to the drought, state water officials are considering

successfully banning the practice with other cities poised to follow suit, what's the impact on local economieslater, we speak with a man behind the nation's first county wide fracking ban, the energy alternative working on

i'm hoping that $15 an hour will boost our local economy, businesses and raise funz for our city because we provide a lot of services for our residents and we need this minimum wage to put people back to work. thank you. >> thank you. i got a couple more speaker cards, jesus perez, marian. >> good afternoon, supervisors. my name is jesus perez with south of market network. i'm here to support p minimum wage. you guys support the minimum wage because we have families that live in sro's and they are working two jobs. so i'm here to see if you can increase the minimum wage, thank you. >> thank you, mr. perez. you mean come in any order. >> i will take it then. thank you very much supervisors. we are all in support of this. you can see how broad the support for this measure has been and thank you for taking the initiative on this. i have also been a restaurant worker and when people talk about the restaurants and how the jobs really affect us. most of my co-workers work two jobs just to make it here. my mom worked three jobs. she woshthd woshth in -- worked in a restaurant and flower shop. i

important species as well as health warnings that kept the public out of the water and harmed our local economy that rely so heavily on our waterways. while $1 million might not seem like a lot, this money could be used to help projects that are near completion across the finish line. for example, the kissimmee water project is 86% near completion and this funding can be used to fund one of the final steps needed to complete this project. once completed, this project will restore up to 20,000 acres of wetteland, storing more -- wetland, storing more water north of the lake and discharging waters into our local estuaries and clean the water before it flows into the already inundated waterways. for florida's 18th district, $1 million can make a real difference and the fight -- in the fight to protect our waterways. mr. chair, i now yield to the gentleman from missouri, my good friend, mr. cleaver, for as much time as he may consume. mr. cleaver is a great champion of infrastructure projects such as these that invest in our future and come back to our economy in multiples. the chair: the gentleman

says that the $3.8 million upgrade will bring thousands of jobs and millions of dollars to the local economy. and the environmentalists are also worried that they will be encouraging an increase on the use of fracking, which is a controversial process to bring gas among the deposits across the east coast. >> we will get a lot more fracking. and even potentially the suburbs of dc and prince george's county, northern virginia county. the story is not just about the environment, but is also about national security, the economy, and where people live. and among those who feel like they have the most to lose are the people from the county who live near the facility. >> the people living close by, they will be exposed to about 24.4 tons of carcinogen chemicals every year. also a big risk of a possible explosion, which has happened out in plymouth, washington. similar plant of this. people are living right next door to this plant. >> reporter: one of those people is rachel, who brought her home right across the street when the facility was idol. >> it is very peaceful and we love it there because o

but it creates an uneven playing field for law abiding businesses and it actually undermines our local economy by reducing both consumption and tax revenues. with the help of the progressive workers alliance in 2012, supervisor mar and i call for the establishment of the wage theft task force to study the issue of wage theft in san francisco and generate recommendations for addressing and preventing it here in the city. over the course of a year, the task force convened city departments and stakeholders from the business and labor community to assess the prevalence of wage theft and the enforcement challenges that are facing workers, investigators and employers throughout the city. among the key recommendations the task force proposes an increase to the resources available to the office of labor standards enforcement, which is an important part of any strategy to truly eradicate wage theft. during the recent budget add back process, supervisor jane kim, supervisor eric mar and i with the strong support of the community were able to secure an additional 170,000 per year to expand the staffing a