, but surprisingly, i think it's fascinating, no one has been able to touch mr. cohen himself. >> and they continue to pursue some investigation against him. but in the end, there have been some remarkable settlements. you and i talked. and there have been remarkable settlements or convictions in recent years. do you think that the titans of industry, the 1% of the 1% who cheat to make their money, when they see this, are there going to be a bunch of hedge fund guys tonighting a we better watch out? >> yes, i think there's a little bit of that, ali and some of them say i don't want to do this, but there are other guys who are going to be saying to themselves, i need to be a little sneakier next time. or wow, here's how the government caught these guys over at sac and we need to do it differently so we don't get caught. so they're going to learn from the convictions and how to not be convicted and so you'll see cheaters get smarter, which makes want work of myself and others difficult. but we'll keep at it. >> coauthor of financial serial killers, inside of the world of

mr. brian mcel roy. on behalf of supervisor cohen for the late mr. willie hunter payne and on behalf of the entire board of supervisors at the suggestion of supervisor wiener for the late mr. stu smith. >> and, madam clerk, is there any more business in front of the board? >> that concludes our business for today, mr. president. >> ladies and gentlemen, we are adjourned for today. [gavel] [adjourned] >> 7 and a half million renovation is part of the clean and safe neighbor's park fund which was on the ballot four years ago and look at how that public investment has transformed our neighborhood. >> the playground is unique in that it serves a number of age groups, unlike many of the other properties, it serves small children with the children's play grounds and clubhouses that has basketball courts, it has an outdoor soccer field and so there were a lot of people that came to the table that had their wish list and we did our best to make sure that we kind of divided up spaces and made sure that we kept the old features of the playground but we were ab

mrs. nutter. the honorable david l. cohen and mrs. cohen. the honorable debbie wasserman schultz and mr.en schultz. ms. juliana goldman and mr. mike gottlieb. the honorable stephanie rollins blake mayor mayor of baltimore and mr. kent blake. mr. samuel hynes and ms. stacey mills. ms. alexandra stanton and ms. donna stanton. [inaudible conversations] the honorable kevin johnson mayor of sacramento and ms. michelle lee. >> i'm really excited. this is my first state dinner. for my wife and i to big treat. i have learned to french phrases. >> go ahead. >> i can't remember. thank you. the honorable paul ryan and mrs. ryan. the honorable chuck hagel, secretary of defense and daughter ms. ellen hagel. mr. dan barber and brother mr. david barber. ms. mindy kelling and guests ms. jocelyn leavitt. [inaudible conversations] the honorable nancy pelosi and daughter jacqueline kelling. >> this is my daughter jack wayne. she is from texas. [inaudible conversations] [inaudible conversations] [inaudible conversations] attorney general erik holder and mrs. holder. >> i'm glad to be here. we have a great r

mr. brian mcel roy. on behalf of supervisor cohen for the late mr. willie hunter payne and on behalf of the entire board of supervisors at the suggestion of supervisor wiener for the late mr. stu smith. >> and, madam clerk, is there any more business in front of the board? >> that concludes our business for today, mr. president. >> ladies and gentlemen, we are adjourned for today. [gavel] [adjourned] >> do you know know your greg giving hurts from your wifi you may think that computers are kufz but when you know what you need it gets easier. a computer is made up of many different parts and each part as a specific job the k public works u is the brains of the compute. it's where all the work is done. current computers have multiple coarse it means it has multiple k public works ushthss working together as one. it hold all the information in the ram or hard or hard drive. it's the short time working memory for the computer interest it stores information while the computer is on >> the k f u is banning information backyard between the ram and the faste

think that it could be seen that way as well but i would add i would agree with everything that mr cohen said but i would add another point here that there are very real material and economic reasons for launching this continued this continued russophobia in popular culture i think one of the main reasons is russian dominance of the european gas market i think that north stream in the south stream pipe. blind have been seen as a tremendous threat by many corporations in the west in the western ruling class more broadly because they understand that it is a way for russia to cement itself as a vital part of the european economic future so for that reason alone they've done what they can to undermine that of course we see various machinations with regard to pipeline development in the caspian region as a means of kind of undercutting russian dominance of course the demonisation of russia's relationship with the roots and the ukrainian government as well because they both are vital to the russian gas delivery infrastructure i think that syria is very much a part of this same issue as well re

mr. brian mcel roy. on behalf of supervisor cohen for the late mr. willie hunter payne and on behalf of the entire board of supervisors at the suggestion of supervisor wiener for the late mr. stu smith. >> and, madam clerk, is there any more business in front of the board? >> that concludes our business for today, mr. president. >> ladies and gentlemen, we are adjourned for today. [gavel] [adjourned] announcer: b dreams and good grades aren't enough to get into college. there are actual steps you need to take. finding someone who can help is the first and most important. for the next steps, go to knowhow2go.org. [train whistle blowing] global warming. [whistle blows] some say irreversible consequences are 30 years away. 30 years? that won't affect me. [brakes screech] >> you're watching quick bite, the show that has san francisco. ♪ ♪ ♪ >> we're here at one of the many food centric districts of san francisco, the 18th street corridor which locals have affectionately dubbed the castro. a cross between castro and gastronomic. the bakery, pizza, and dol

mr. brian mcel roy. on behalf of supervisor cohen for the late mr. willie hunter payne and on behalf of the entire board of supervisors at the suggestion of supervisor wiener for the late mr. stu smith. >> and, madam clerk, is there any more business in front of the board? >> that concludes our business for today, mr. president. >> ladies and gentlemen, we are adjourned for today. [gavel] [adjourned] >>> >> >> >> february 6, 2014, >> >> >> good afternoon, welcome to our rules committees meeting for thursday february 6, 2014. i'm supervisor yee and i will be chairing this meeting. to my left is supervisor campos and katie tang who will join us. lisa miller is our clerk. and we would like to acknowledge the staff of sfgtv, jessie larson and joshua alexander and record eefrp of our meetings and make the transcripts available online. are there any announcements? >> yes. please turn off electronic devices. if you wish to speak, please fill out a card. >> >>supervisor norman yee: madam clerk, please call item 1. agenda[health, business and tax regulations

mr. brian mcel roy. on behalf of supervisor cohen for the late mr.lie hunter payne and on behalf of the entire board of supervisors at the suggestion of supervisor wiener for the late mr. stu smith. >> and, madam clerk, is there any more business in front of the board? >> that concludes our business for today, mr. president. >> ladies and gentlemen, we are adjourned for today. [gavel] [adjourned]

c connolly and before i do, ask unanimous that the gentleman from tennessee mr. cohen be allowed to participate on the panel. without objection, so ordered and joined by mr. davis to be identified after mr. connolly because he is on the committee and not the subcommittee and then alphabetical order and hear from them next. mr. connolly, you are up. >> thank you, mr. chairman, and thank you for holding this hearing to examine the federal response to state marijuana laws. i want to be clear from the outset. i'm not unsympathetic to the concerns raised by skeptics on decriminalization. as a child of the '60s, i witnessed firsthand the ravages of drug abuse on so many friends, so many idols my generation had in both hollywood and in the music scene. i count myself, frankly, a skeptic. further, as a former senior professional staff member, one of my jobs was the authorization of the international narcotics matter bureau of the state department and traveled the world looking at production and distribution of illicit drugs and saw the damage caused. but it must also be noted

c connolly and before i do, ask unanimous that the gentleman from tennessee mr. cohene allowed to participate on the panel. without objection, so ordered and joined by mr. davis to be identified after mr. connolly because he is on the committee and not the subcommittee and then alphabetical order and hear from them next. mr. connolly, you are up. >> thank you, mr. chairman, and thank you for holding this hearing to examine the federal response to state marijuana laws. i want to be clear from the outset. i'm not unsympathetic to the concerns raised by skeptics on decriminalization. as a child of the '60s, i witnessed firsthand the ravages of drug abuse on so many friends, so many idols my generation had in both hollywood and in the music scene. i count myself, frankly, a skeptic. further, as a former senior professional staff member, one of my jobs was the authorization of the international narcotics matter bureau of the state department and traveled the world looking at production and distribution of illicit drugs and saw the damage caused. but it must also be noted si

mr. brian mcel roy. on behalf of supervisor cohen for the late mr.lie hunter payne and on behalf of the entire board of supervisors at the suggestion of supervisor wiener for the late mr. stu smith. >> and, madam clerk, is there any more business in front of the board? >> that concludes our business for today, mr. president. >> ladies and gentlemen, we are adjourned for today. [gavel] [adjourned] >> good morning, everyone. welcome to the san francisco board of supervisors budget and finance committee meeting for wednesday, february 5th, 2014. my name is supervisor mark farrell, i will be chairing this committee. i am joined by supervisor and committee vice-chair eric mar as well as supervisor john avalos. want to thank the members of sfgov-tv covering this meeting, charles kremenak and jennifer low as well as the clerk of the committee, ms. linda wong. madam clerk do we have any announcements? >> yes, mr. chair. please make sure to silence all phones and electronic gao vices. completed speaker cards and copies of documents to be included as part of t

mr. brian mcel roy. on behalf of supervisor cohen for the late mr.illie hunter payne and on behalf of the entire board of supervisors at the suggestion of supervisor wiener for the late mr. stu smith. >> and, madam clerk, is there any more business in front of the board? >> that concludes our business for today, mr. president. >> ladies and gentlemen, we are adjourned for today. [gavel] [adjourned] >> so what brought you out here for the bike ride today? >> i grew up in san francisco but i have been living in new york. i wanted to see what san francisco is doing with infrastructure. >> cities are where people are living these days. the bay area is doing a lot with construction and the way to change the world starts here. >> we are about to take a bike ride. we have 30 cyclist. i'm really excited to hit the road and see what the city has in store. >> i definitely recommend it to people. it's a fun afternoon and you learn so many things. >> this is so much fun. i go to parts of the city that i don't come to. this will make the city a more susta >>> >>

so, thank you so much to supervisor cohen and kim and the grassroots coalition. >> supervisor wiener. >> thank you, mr. president. i want to again thank supervisor cohen, supervisor kim and everyone who made this legislation a reality. we know particularly with realignment that it is in everyone's interest in this city to make sure that when people come back into society after -- whether it's incarceration or any other kind of criminal penalty, that we are absorbing them effectively into society, and that means housing, it means giving them access to employment because we're just shooting ourselves in the foot if we have people who come out of the criminal justice system and can't get a job or a place to live. it has a cascading negative effect on the entire community. so, this is a very important piece of legislation and i'm happy to support it. >> thank you, colleagues. do we need a roll call vote on this item? without objection, this ordinance is passed on the first reading. [gavel] (applause) >> congratulations to the advocates and the community. and with that, madam clerk, why don't we go to roll

mr. cohen, since this negotiation has begun, do you agree that iran's inflation rate is way down? that their currency is way up? and economic projections within the country our way up? and that there are people from all over the world who are clamoring to do business with iran? i know you've traveled around the world talking to folks about what might happen to them, but is there any question that just the discussions have hugely uplifted the iranian economy? is that correct? >> senator, i think what we've seen in terms of the metrics around -- iran's economy is there's an up tick in italy after the election of president rouhani in june. so the value -- the value of 9/11, inflation has come down since the election. there has been essentially no change at all in either the inflation rate or the valley of the rial since the joint plan of action was agreed to in september. >> everybody knew those discussions were under way. do you understand why there is a concern here that we are a leading sanctio

mr. cohen? >> i completely agree with undersecretary sherman in terms of how we have been making certain that our partners around the world understand that whatever interests they may have in this in the the iranian market -- in the iranian market someday, that is not the market today. what's available today in this plan of action is extraordinarily narrow. it's limited, as i said, to petrochemical exports, sale of goods to the auto sector or and some trade in precious metals, but even that is substantially constrained. it's very limited economic potential today in the iranian business sector. that's the point that we makeover and over again in these -- make over and over again in these engagements. that point, i believe, is getting through. we have not seen deals being done, but even more importantly, what we have been absolutely clear about is that we will continue to enforce our sanctions. in the implementation agreements on the joint plan of action, explicitly recognizes that we have the rig

mrs. nutter. the honorable david l. cohen and mrs. cohen. the honorable debbie wasserman schultz and mr.en schultz. ms. juliana goldman and mr. mike gottlieb. the honorable stephanie rollins blake mayor mayor of baltimore and mr. kent blake. mr. samuel hynes and ms. stacey mills. ms. alexandra stanton and ms. donna stanton. [inaudible conversations] the honorable kevin johnson mayor of sacramento and ms. michelle lee. >> i'm really excited. this is my first state dinner. for my wife and i to big treat. i have learned to french phrases. >> go ahead. >> i can't remember. thank you. the honorable paul ryan and mrs. ryan. the honorable chuck hagel, secretary of defense and daughter ms. ellen hagel. mr. dan barber and brother mr. david barber. ms. mindy kelling and guests ms. jocelyn leavitt. [inaudible conversations] the honorable nancy pelosi and daughter jacqueline kelling. >> this is my daughter jack wayne. she is from texas. [inaudible conversations] [inaudible conversations] [inaudible conversations] attorney general erik holder and mrs. holder. >> i'm glad to be here. we have a great r

mr. cohen's concerned, there are two aspects.lot of the damage that could be inflicted on him has already been inflicted. he can no longer manage public money, but in terms of his proceeding with the s.e.c. for failure to supervise, this adds another nail into the coffin. there have been stories suggesting that they are negotiating, and in my view, i think this is really the end of the s.a.c. saga as a public enterprise. it sends out a message, however, to all hedge fund operators about the need to be wary of lax supervision. that, i think, is the most critical message for those who haven't been tainted by any of this. >> martoma's the eighth person who worked for s.a.c. to either be convicted or plead guilty. do you believe they will not stop until cohen is convicted of something? >> i think that they very well could go after him. the question is at this point, does it add anything from the government's perspective? certainly now the question is not whether he turned a blind eye or even may have facilitated or encouraged this, b

. >> cohen has not been accused of criminal charges, but sac has pleaded guilty to criminal charges for negligent supervision. of tippingaccused off mr. martoma -- >> and who got community -- and who got immunity. was only a grain of sand, they are after a man named steven a. cohen. >> he is basically quoting federal investigators. >> is that a surprise? >> you think they will get him? >> i think if they had the case they would have brought the case. i would say no. >> is in insider trading supposed to be really difficult to prove? it seems toso easy, revolve around these expert networks. is that the linchpin here, what has made it so easy? people were advertising services to help you do insider trading. >> if you have witnesses who can't testify about giving you information that you knew you were not but still t -- you knew you were not supposed to trade on, not that hard. >> now there is always a paper trail. how pervasive is it? >> i don't think it is pervasive, i think most people are honest, there are people who are going to break the rules. the same technology also makes it easier to catch trades,t to view how a trade occurs, t

. >> he is not part of this, but things change, cristina alesci, for mr. cohen this morning. cave, heindie martoma said all along he is not going to cooperate with the government, but once you happy conviction and once you -- have the conviction once you have the case, changes the case. >> he faces up to 20 years in prison, so we will see how that plays out. >> our second front-page story. earlier this week it was twitter, now it is linkedin. shares of linkedin down about 8%. first quarter missed analysts' estimates. net income was down 67% in the fourth quarter. let's twitter user growth. >> all the user growth. it is an out of body experience. buy onn "maintaining strong fourth-quarter results, promising outlook, that is totally different from what you just said." >> that is totally, you're absolutely right about that, this is twitter as well. >> but all three revenue segments that linkedin has were down, so it is not just about advertising here, it is about be subscription based that the company has and the reason why investors like the stop stop because it has a subscript

mr. steven cohen they can. >> former federal prosecutor doug burns join us on the phone.joined by sheelah kolhatkar at the courthouse, and su keenan in the newsroom. thank you also much. stay with us. "bottom line" on bloomberg television continues in just a moment. ♪ >> the curtain comes down for jay leno. he has hosted "the tonight show" for more than 20 years except for a quick break in 2009 when conan o'brien took over. his time, he is being replaced by 39-year-old jimmy fallon. he is only 39? jon erlichman is in los angeles, ate join me. jon erlichman, talk to me about what some people are saying -- is this a risk? >> it is definitely a risk. you are talking about one of the biggest franchises for nbc. they have struggled in the ratings, they have new ownership in comcast, and you have the nightly news and the "tonight show close quote that are the nightly leaders. you are taking a risk in change into a new host because you highlighted the conan o'brien example. i think there is always the possibility that you are going to give up some of the big ratings that jay len

. >> mr. cohen, since it has begun, do you agree that iran's inflation is way down in the economic projections are all over the world and i know that you have traveled around the world and talk to folks about what might happen to them. but is there any question that just the discussions, is that correct? >> i think that what we have seen and it is an octet with what happened with president roh connie in june. the value that we had all increased with inflation. especially since the joint plan of action since september. >> everyone knew that was underway. do you understand why there is a concern. >> many believe that is the only effect because that is a very big concern. and there is expectation and people are expecting and we understand why the chairman would be concerned. and it is a series of rolling interim deals. and there are many of us are concerned at this point a minimum of a year and add a point we lose all the leverage, if you will, to really do this. some have said that we need to pass a r

. >> cohen present. mr. president, all members are present. >> thank you. ladies and gentlemen, could you please join us in the pledge of allegiance? i pledge allegiance to the flag of the united states of america, and to the republic for which it stands; one nation under god, indivisible, with liberty and justice for all. >> madam clerk, are there any communicationses? >> i have no communications today, mr. president. >> and could you read our consent jedv? >> items 1 through 11 comprise the consent calendar. thea items are considered routine unless a member will object. the item may be removed and considered separately. >> colleagues, would you like to sever any of these item? madam clerk, could you call -- sorry. could you call the roll on items 1 through 11? >> on items 1 through 11, supervisor mar? >> aye. >> mar aye. supervisor tang? tang aye. supervisor wiener? wiener aye. supervisor yee? yee aye. supervisor avalos? avalos aye. supervisor breed? breed aye. supervisor campos? campos aye. supervisor chiu? chiu aye. supervisor cohen? cohen aye. supervis

steve cohen's sac capital and raised questions about whether prosecutors will eventually go after mr. cohen himself. >> and what a report. 79-0. >> amazing. >> insider trading, it really is. let's get a check on markets as we count down to the all-important jobs report. we are seeing futures rising a bit on yesterday's gains. joining us, mark vitner. mike hansson, merrill lynch global research. yesterday i was at the new york stock exchange. big rally. dow's best day of the year. traders were talking about optimism on the jobs report. is that justified? >> there's some expectation with the weather story supposedly playing out in december that we get a bounceback. historically, that tends to happen. whether you get basically the jobs replacement. i think there is optimism. the data has been kind of mixed. it's a tough call. >> you get that crazy report. not only do you have the weather, but you have the seasonal adjustment that usually comes with january from december and you had the unemployment benefits which ran out at the end of december. >> that's right. that will affect the unemploymen

mr. mayor. we have only one question today from our district 10 colleague, supervisor cohen. >> thank you very much. thank you, mr. mayor. welcome to our guests. it's a long question, mr. mayor. when the city adopted eastern neighborhoods plan we were aware a significant funding gap existed for the promised neighborhood infrastructure improvements. as development is moving forward at a fast pace, the infrastructure needed to support this growth has significantly lagged. current and future residents need additional parks, transportation streetscape and pedestrian safety improvements to accommodate this growth. i recently held a hearing on how the city is going to address both this funding gap and the slow project delivery from city departments in the eastern neighborhoods. i believe that an infrastructure financing district is one of the strongest tools we have to address this problem. i have been told by your staff for the last year that you are not interested in pursuing an ifd and most recently that it's your intention to fund the infrastructure improvements for the eastern neighborhoods in your

cohen? >> thank you very much , mr. president ~. i'd like to remove item 16 and send to committee. >> okay. supervisor kim. >> thank you. >> i would like to add my name as a co-sponsor to 18 and 20. >> supervisor avalos. >> [inaudible]. >> okay. so, first of all, item 16 will be sent so committee, madam clerk. >> mr. president, after i read that item, item 16 is a resolution expressing support for senate bill 837, the kindergarten readiness act. >> okay. and why don't we sever item 18 on, the remainder of the adoption calendar. madam clerk, if you could please call the roll. >> on items 19, 20 2, 1, 22, 23 and 24, supervisor tang. >> aye. >> tang aye. supervisor wiener? wiener aye. supervisor yee? yee aye. supervisor avalos? avalos aye. supervisor breed? breed aye. supervisor campos? campos aye. supervisor dado? >> aye. >> supervisor cohen? >> aye. >> supervisor cohen aye. supervisor farrell? farrell aye. supervisor kim? kim aye. supervisor mar? >> aye. >> mar aye. there are 11 ayes. >> resolution is adopted. [gavel] >> and if you c

mrs. nutter. the honorable david l. cohen and mr.s. cohen. the honorable eddie scholz and mr. stephan scholz.s. julianna goldman. the honorable stephanie blake, mayor of baltimore and mr. kent blake. ms. stacey mills. ms. alexandra stanton and ms. donna stanton. [speaking french] >> we are really excited. my first state dinner for my wife and i. i can remember. thank you. honorable paul ryan and mrs. ryan. the honorable chuck hagel, secretary of defense and daug hter ms. hagel. mr. dan barber and brother mr. david barber. ms. mindy kaling and guest. >> what is your french connection? >> what is my connection? >> the honorable nancy pelosi and her daughter. >> this is my daughter jacqueline, she is from texas. she is studying france. >> attorney general eric holder and mrs. holder. >> we hope this relationship will be made better by the dinner. thank you. >> mr. and mrs. peter per bershar. mr. and mrs. james roosevelt, jr. the honorable karen bass and ms. barbara jordan. >> i love paris and i am very honored to be here today. >> dr. jeffrey randall. >> i was responsible for europe in the first