mr. paulson. >>> looks like you're expanding moscone big size ♪ and i looked in from the inside annual budget eyes in your budget eyes in your eyes in your big budget eyes in your [speaker not understood] eyes oh, oh, oh, [speaker not understood] what a big size high-rise what a big large buy from you guys oh, my, my, it will hit the sky in your budget eyes in your eyes what a big buy i looked in from the budget inside in your budget eyes make jobs for you guys a big buy i can't hide and it's gonna come up big right ride over the years ride oh, i get so tired working so hard, want it better make it come along in your budget eyes. ♪ >> thank you, mr. paulson. i do have one more speaker card from -- i can't tell the first name, monet on the back end. if you go to the other. >>> good morning or good afternoon, supervisors. my name is [speaker not understood] and i live in district 6. and i support this. it's real good. but the thing is we're losing space. it's not too much space down there, is it? i

mr. paulson. public comment is closed. we have a motion to continue to the call of the chair, until applicants complete their applications. we have that motions. we will second that, i can do that without objection. (gavel) before we enter a emotion to convene in closed sessions, is there any member that wants to make a comment? seeing none. at this time we asked members of the public to please exit the room >> during the close session the committee voted to forward item 6-11 the full board with recommendations. >> thank you cannot entertain the motion to close to close session. we can do that without opposition. anything else on the agenda? >> no madam chair. >> seeing none, meeting is adjourned. test >> january at this time we ask that everybody turn off your cell phone. thank you for city halls support. (taking roll). mr. president, we have quorum >> item two the explanationy documents draft 2012 minutes. >> we have a motion to approve the minutes. >> a second. >> all in favor. >> any opposed? next item >> now the draft

mr. paulson. any of the members of the public? >> i have been administrator for the assessment appeals board. i'm here to answer any questions. >> i apologize for not bringing you up earlier. are there any other members of the public that would like to speak? seeing none public comment is closed. (gavel) we have four applicants for four seats; helps ease the process for us. great to see four very qualified applicants. it is great to see mr. watts who has served as an alternate now apply for one of the seats of the assessment appeals board. it's a lot of work and it is important work. we appreciate the volunteer spirit in applying for these positions. >> make a motion to move mr. tham for seat 2, mr. watts for seat 5, ms. crowser for seat 8. ifmr. spertzel seat 6. gvl (gavel) >> item four. assessment appeals board. four seats, nine applicants. >> i believe several candidates are here and alberto rios has withdrawn his nomination. four seats, eight applicants. ms. lewis. >> good afternoon, i am a licensed attorney in the state of ca

mr. paulson. public comment is closed. we have a motion to continue to the call of the chair, until applicants complete their applications. we have that motions. we will second that, i can do that without objection. (gavel) before we enter a emotion to convene in closed sessions, is there any member that wants to make a comment? seeing none. at this time we asked members of the public to please exit the roomdirector rubke? >> present. >> mr. chairman, directors you do have a quorum. >>> thank you. working with all of these microphones to try to get them on. item 3 announcement of prohibition of sound producing devices during the meeting. please be advises that these sound producing electronic devices are prohibited at the meeting and any person responsible for one going off may be asked to leave the room. please be advised that cell phones that are set on the vibrate position do cause microphone interference, so the board respectfully requests that they be placed in the off position. i. 4, >> moved. >> second. >> all in fa

mr. paulson. any other members of the public wish to comment, speak or sing on item number three?eeing none, public comment is closed. >> i like to say that's probably one of the toughest song i've heard walter sing. i'm a big george benson fan. thank you. i like to move the positive recommendation on this item. >> we have a motion to move item number 3-4 with a recommendation. call item number four. >> hearing consider release of reserve funds san francisco public utilities commission in the amount of $1,442,500,000 to support community choice project cuh978. >> thank you very much. we have ms. fox. >> good morning. congratulations on your appointment to the budget committee. the pc has lots of items before the budget committee. we look forward to working with you all in the coming years. little bit of context for this item. as part of the pc's 2006 and 2007 budget, the board of supervisors appropriated. over the past five or so years, we've been utilizing those funds and come to the budget committee for previous release reserve and that is supported staff, consultants going out

mr. paulson. public comment is closed. we have a motion to continue to the call of the chair, until applicants complete their applications. we have that motions. we will second that, i can do that without objection. (gavel) before we enter a emotion to convene in closed sessions, is there any member that wants to make a comment? seeing none. at this time we asked members of the public to please exit the room >> during the close session the committee voted to forward item 6-11 the full board with recommendations. >> thank you cannot entertain the motion to close to close session. we can do that without opposition. anything else on the agenda? >> no madam chair. >> seeing none, meeting is adjourned. >> good morning and welcome to the san francisco this petition authority. >> i want to welcome commissioner london bree for the first commission meeting. welcome and congratulations on being here. our clerk is erica chang is sfgt are charles and mark. i believe that satisfies our first item roll call. second item? >> to approve t

mr. paulson. public comment is closed. we have a motion to continue to the call of the chair, until applicants complete their applications. we have that motions. we will second that, i can do that without objection. (gavel) before we enter a emotion to convene in closed sessions, is there any member that wants to make a comment? seeing none. at this time we asked members of the public to please exit the room >> during the close session the committee voted to forward item 6-11 the full board with recommendations. >> thank you cannot entertain the motion to close to close session. we can do that without opposition. anything else on the agenda? >> no madam chair. >> seeing none, meeting is adjourned. >> good afternoon welcome to the government oversight audit committee. my name is carmen chu. with supervisors cohen and campus. mdm. clerk we have announcements? >> clerk calonsag: turn off all electronic devices; submit cards for any speakers. each member will be allotted the same number of minutes to speak in each item. items

mr. paulson. >> (singing) you asked me if i knew my city event was true and i of course replied when you take an exhausting ride, smoke gets in your eyes. and i said some day we'll find a city that really shines and then i applied when you -- this clean air is mine don't let smoke get in your eyes. then some day we'll find a city that really shines and then i of course replied when a city dies smoke gets in your eyes. don't let it get in your eyes and i really wanted to shine and it's going to be divine, smoke gets in your eyes. don't let it. >> thank you. mr. acosta if there's anyone else that would like to speak, we're going to close public comment right after this. >> i commend you for taking the time to put this resolution and this ordinance. now, while one gentleman said he was against it, our good friend, ernestine weiss, was in shock somebody could say something like that. but that's what happens in san francisco, we allow people to express themselves. that's their prerogative. but to the young people here, and that's the way to do it. we have to leave a legacy that our young peop

mr. paulson may be the last speaker. >> (singing)? this city people smoke night and day, drive me crazy hey and the night. let the smoking magic and the music get to you and just enjoy your smoking self and all your wealth. living living in the smoky, living off the smoke wall, living off the smoke wall, let the magic in the city smoking music get to you, enjoy your smoking self, living off the smoking wall the wall, off the wall, on the boat free only want to be smoking free without and i hope the board will approve this deed. free, only want to be smoke free and i hope this city makes it won't you please on the boats and on the planes, the smoke's coming to america. every place that flag unfurls, it's a big old smoky world. on the boats and on the planes, here comes the smoke again stop it please. >> thank you. seeing no other public comment, public xhebt is closed. so, colleagues, i wanted to, if there are no questions let me ask our deputy city attorney john gibner to give us a couple minor amendments and keep in mind the version

mr. paulson. >>>♪ looks like a lovely feeder bart feeder money made.ou're going to take my money away when you come and take the money away standing by a feeder meter and you're going to get a glimpse of a money reader and you take my money away and how am i supposed to, if i don't have the money, give back give back give back to where my bart belongs get back, get back and they help bring the budget along budget left his home in [speaker not understood] zone and you have to have it back right knack get back, bart get back to the fast pass track get back get back you're gonna have a fast pass last ♪ i want to lastly say... ♪ you've got to have bart miles of bart and a fast pass on track and i hope your budget lasts the first [speaker not understood] bart ♪ thank you. >> thank you. any other speakers or singers? all right. seeing none, public comment is closed. colleagues, items number -- items 8 and 9 are in front of us. i think based upon the bla's recommendation regardless, we're going to have to continue this item to make those amendments. so, i'd l

mr. paulson was long on mining stocks, and he didn't have a good year. >> anybody like yahoo!? this company was brought back from the dead. >> it's had a huge run. it's one of those things, where you were part of it. it's terrific. i don't know if it can replicate that so quickly. >> you like to take a risk, right? hello, research in motion. >> i like a mean -- >> i like a mean reversion trade like the next guy. i think yahoo! did that. it underperformed all of its peers for so long. they have a new ceo. everyone believes in her. tell me something i don't know. yahoo! now has to grow into all of the expectations. that's probably not my favorite place to be. >> you ever seen a situation like this? you could say the fundamentals at yahoo! have not necessarily changed, but the perception has. >> first of all, i work at yahoo!. take my comments with a grain of salt. we have a revolving door of ceos for years. yahoo! was basically trading at zero. it has 700 million global users. you can build a business with that, even if you think that most of the value is in the asian assets, jap

mr. paulson's macro call, so to speak, has not been particularly good.lly lacked a lot of press. if i'm listening at this point, i'm tempted to say, given his track record over the last couple of years, maybe i should take the other side of that trade. >> when i was tweeting about this talk last night, i got harsh responses from people, including paulson's bullish stock market thesis, the best evidence i've heard yet to short the market, and who cares what this guy thinks. no doubt his assets under management have essentially halved since they peaked about two years ago. he's seen redemptions and double-digit setbacks for two years now in his umbrella funds. his gold fund has also had a hard time. this is the man who made 590% for the year 2007 alone. and then another 20% or so on his subprime or risky mortgage market short in 2006 and '07. he's obviously got other ideas now he feels strongly about. he feels strongly about gold as well. he thinks this will take three to five years to play out. he said since he got into gold in the spring of 2009, it's up

mr. pall soften's recognized -- paulson's recognized for five minutes. >> thank you, mr. chairman. thank you for the witnesses being here. it's clear to me that there is broad, bipartisan consensus that our country is on an unsustainable fiscal path right now. the 2010 report, and, mr. hoagland, i believe you were a member of the task force, included a sobering warning that the federal budget is on a dangerous, unsustainable path. federal spending is projected to rise substantially faster than revenues, and the government will be forced to borrow ever-increasing amounts. federal debt will push interest rates up, endanger our prosperity and make us increasingly vulnerable to the dictates of our creditors including nations whose interests may differ from ours, and we talked about that earlier from some of the other questions. my constituents, quite honestly, are very perplexed that washington continues to borrow 40 some cents of every dollar it spends. they can't get their arms around that. and there's a recognition now that without substantial changes to our fiscal policy, the natio

mr. paulson. public comment is closed. we have a motion to continue to the call of the chair, until applicants complete their applications. we have that motions. we will second that, i can do that without objection. (gavel) before we enter a emotion to convene in closed sessions, is there any member that wants to make a comment? seeing none. at this time we asked members of the public to please exit the room so that the rules committee can convene in close session. thank everyone for being here today. (closed session) >> during the close session the committee voted to forward item 6-11 the full board with recommendations. >> thank you cannot entertain the motion to close to close session. we can do that without opposition. anything else on the agenda? >> no madam chair. >> seeing none, meeting is adjourned. >> san francisco recreation and parks department offers classes for the whole family. rec and parks has a class for everyone. discover what is available now and get ready to get out and play. henri matisse. frida kahlo.

mr. paulson. public comment is closed. we have a motion to continue to the call of the chair, until applicants complete their applications. we have that motions. we will second that, i can do that without objection. (gavel) before we enter a emotion to convene in closed sessions, is there any member that wants to make a comment? seeing none. at this time we asked members of the public to please exit the room >> during the close session the committee voted to forward item 6-11 the full board with recommendations. >> thank you cannot entertain the motion to close to close session. we can do that without opposition. anything else on the agenda? >> no madam chair. >> seeing none, meeting is adjourned. >> in january everything changes. all of san francisco's parking meters will now be enforced 7 days a week. feeding the meter 7 days a week reduces parking demand in commercial corridors and for most faster turn over of the parking spaces. the muni system has improved for sunday. learn more about 7 day meters at sfmta.com. c tran