. >> and what about you, mr. abate, do you believe we could lapse into a reception. and number two, briefly, i look at where retch growth stands and it is not good and it may be negative when all it said and done and because of stock buybacks and corporatal chemi, corporations raise profits. >> you raise a couple of good points. let me talk about scock buybacks and the companies squeezing jeesous of the lemon, ie restructuring efforts, and if you look further up on the income statement, gross margins, that is the profit the companies have more stuff or at a higher price we are seeing that sell over and that starts in the fourth quarter the last year and when you don't have the benefit of share repurchase and lower interest charges and other things that tends to mitigate the concerns that we see. the other point about the federal reserve, that cat liezs a recession, i think is very much in play if this was a normal business cycle and that is the thing that i think about every single night, we're in a very different environment than we are in historically. we have not

center city is doing well without another neat of more tax abatement. >> mr. williams. >> tax abatement argument is a false argument. the tension exist because people want to make sure is there affordable housing around tax abatement. pha will continue to prosper. it comes to who is building what where. that is the issue that exist. for me i create a program called diversity program. no one has talk about this issue. people of color in neighborhood african americans are not majority. they have a majority ethnic group in philadelphia. we see people from new jersey, delaware and others working in trade that are not diversified. my position on this is if the abatement program is to go forward, we will work to restructure who gets to build where and when. that is what will drive at bait. process to have full promise for all philadelphians. >> we only have have a minute and a half left before we go in closing arguments. we can do real quick thing here. 15-dollar an hour minimum wage milton street yes or no. >> yes. >> miss abraham. >> if bee can get it from the stat

mr. williams arguments. the class fwo cad x i appreciate all the concerns around the cor taizy list. this side is abated and in talking with the city attorney feels comfortable that abatement and the cat x is appropriate ipthis scenario. again, i appreciate all the concerns over this site, i appreciate the appeal. if i was a neighbor i would frustrated as well, i am as a supervisor and wish there was a different answer. i don't find there to be ground. with that i am welcome to entertain comnlt, but want to make a motion to move item 19 and >> approve iletm 19 and table twunt and twunt. second by supervisor campos. seeing no names on the >> supervisor farrell aye. mar, aye. tang aye. wiener, aye. yee, aye. avalos, breed, aye. campos, aye. christensen, aye. cohen, aye. there are 10i's >> the categoryical exemption is finally affirmed unanimously. madam clerk can you please go to had other 3 p.m. special order >> item 22-25 public hearing of persons interested in the appeal of a categorical exemption from california veview under [inaudible] issued by the planning department on december 18 for 2014 for the