and hank paulson pulling no punches. >> we have a broken tax system. >> paulson going off about america'stax system and the fiscal cliff. you don't want to miss this candid interview he did with maria and steve leisman after his delivering alpha appearance. >> can congress get it's act together and avoid the tax hikes americans fear for next year? donald trump will weigh in. tdd# 1-800-345-2550 i'm constantly working my screens. tdd# 1-800-345-2550 checking the charts. tdd# 1-800-345-2550 looking for support, tdd# 1-800-345-2550 resistance, breakouts, tdd# 1-800-345-2550 a few other tricks that i'll keep to myself. tdd# 1-800-345-2550 that's how i trade. tdd# 1-800-345-2550 and i do it all with charles schwab, tdd# 1-800-345-2550 because their streetsmart edge platform tdd# 1-800-345-2550 helps me trade quickly, intuitively. tdd# 1-800-345-2550 staying on top of the market is key! tdd# 1-800-345-2550 and the momentum tool, tdd# 1-800-345-2550 it lets me do it at a glance, tdd# 1-800-345-2550 so when things shift, i'm ready. tdd# 1-800-345-2550 then to track the stocks i have my eye on, td

>> joining us for the panel discussion between bob rubin and hank paulson. anthony chan from wealth management. welcome all of you. mark, we have a two day rally here amidst nothing. >> there is no other place to go in globl markets than u.s. equities. it's not falling out of bed balance sheets are fortressed. >> tom, this is the argument you have been making all along. >> he makes a lot of great points, 64% of all of the s&p 500 have beat. people are recognizing it's maybe not so bad out there and they're going into the marketplace, and it looks much better going forward, yeah. >> in terms of your seat at wealth management, are you seeing investors today having less risk adversity, are they starting to put money to work. dividend payers for accumlace, where are you seeing the money move right now? >> we're seeing retail investors getting interested in the market. i think the environment is getting better. certainly bernanke is helpful. he certainly made it very clear in the last two days that if things were to deteriorate, there are adults in charge welcome

ktvu's steve paulson will be long in a moment to show us the forecast. >>> richman police tell ktvu they are searching for two men on bicycles blamed for a over night shooting. investigators say the two men on bikes fired 20 shots at a man walking down the street. an emergency helicopter rushed the victim to the hospital. he is in serious but stable condition. >>> he dreamed of becoming a firefighter but now the family of the boy is planning his funeral. ktvu's claudine wong is talking to grieving family members. >> reporter: famying and friends -- family and friends stood in the spot where he was gunned down. >> they chased him, shot him in the back of my aunt's house. my kids seen it. it is sad. >> reporter: his mother gave us this picture of her son and she talked to him 20 minutes before the shooting. he was on his way home when he was shot. the sister made this plea. >> if you know anything, just let us know. he did not deserve to die. >> reporter: neighbors say there were a lot of people around when this happened. there were kids in the driveway where he was shot, there were kids a

disaster when paulson had a secret meeting with the entire board of goldman sachs and of all places his hotel suite in moscow in june of two thousand and eight or what other material nonpublic information was exchanged when paulson met with a gang of hedge fund chiefs of the offices of eden park management in july two thousand and eight and laid out for them a possible scenario for putting fannie and freddie into receivership well this is the heart of the scandal going back to the two thousand and eight collapse but going back even further than that because the central banks are now implicated in working with banks like barclays and the other primary dealers in rigging interest rates and they rig interest rates down. theme that we've hit on the show hit upon during the show many times is that you've got a war between speculators versus savers speculators want low interest rates because they want cheap funds to speculate and their bets go bad and the government forces the losses on to the many in terms of austerity savers are constantly being penalized they're constantly underwriting the

paulson >> but you're coming from it two different way, paulson is okay for raising revenues i think,'t want to raise taxes. >> that's right, they want corporate tax reform. it is the simpson bowles idea. i'm also interested in talking about the past a little bit. they were luminaries of wall street and washington. where do they think it went wrong? we think about the financial services industry today, it's in receivership to the government. not in fact, but theoretically. how did we get here? i don't think anybody thinks wall street is getting back to the godle years or the golden age. is there a way to get to it from where it is now, the -- >> i will be interested to see if they think there is any road to that with the libor scandal. quickly if i can tease what i have coming up, we're going to be talking real estate. >> that's not nothing, that's something. >> and not to mention, akman's p and g. >> i have to jump in here, we have our exclusive interview with jim cramer, let's listen. >> 65 and 6 is your record. what percentage of the people in this room, beside you and i, are weari

. >> tim paulson, i am the director of the san francisco labor council. represent tens of thousands of workers and many different unions. today, i can also say that we represent the maritime unions and there are many maritime union leaders in the crowd to support willie adams. i cannot think of a better choice to this port commission that willie adams. the iluw represent sports all up and down the coast. he has probably worked in every one of those ports and he will bring expertise and knows exactly what the waterfront is about. there's a long and wonderful tradition in san francisco of having everybody from harry bridges and others from iow to sit on the board. this will be another great addition. i know will be very well. but whether or not he is doing his work in washington d.c. when he asked to go there, or any other political work that he has to have done, he has a good deal of experience with multiple issues. i do not know if you know the iow as well as i do, but they have an incredible amount of diversity and there is as much democracy as i've ever

and the panel with robert rubin and hank paulson.antime, brian shactman has more news. >> a lot of people ask me why is ibm up when revenues were light. revenues were down in almost every segment. they weren't down as much as some experts had expected, but full year eps guidance above estimates, margin expansion, $3.7 billion in buy backs part of the optimism. the pattern has been big on ips and light on revenue. yum brands were the opposite. the key everyone looks at is a proxy for china. they're down 1.5%. >> worked against them in that case. thank you, brian, earlier today, mandy, maria sat down with some of the best minds in the world for the best ideas of where to put your money now. >> absolutely this is what they had to say. >> the best house in the financial asset neighborhood, but it's not clear if it's a good neighborhood or bad neighborhood. >> would you sell apple right here? >> no, i do not recommend things that have gone up 50 or 100%. i think apple is a superb company with several years of superior growth head of them.

paulson, we have further speakers. >> good afternoon, supervisors. i am not convinced the bond funds will not be used for now. we have read tailed hawks, woodpeckers, and over 40 species of birds who visit our features, including the non native, but much-beloved wild parrots, as they are called. we have also seen skunks, possums, squirrels, and other clear favorites. look at mount davidson. it is like a wound. nap seems to think plants cut -- trump animals. poison has been used all over glen canyon. nap is a misguided plan that diverts our tax dollars to a wasteful agenda. >> ♪ city country roads take me home with a song for those bonds make it safe make it pretty make it better, won't you? you make a blue-green city. make it better in the city night city was ous -- ours and i still can see blue-green city in my dreams wo-wo-won't you president chiu love the parks, do some park to love someone like you the trees and plants oh, how they grew love, won't you do we need a better better from you love you do ♪ thank you, mr. paulson. next speaker? >> hono

paulson, before you come up, let me call some additional speakers. [names are called] please come on up. whoever wants to come forward. mr. paulson, please feel free to line up. >> good afternoon, supervisors. i live on cambridge street in san francisco. i have been there 40 years. i raised my children in that area. i am a senior member of friends of mclaren park, and also help mclaren park. believe me. we have a major facility at mclaren park. mclaren park, as you know, is 400 acres. it is the second-largest part. unfortunately, for many years, you neglected that park. nothing has been done on it. every time there was a budget, they have spent it somewhere else, but not on mclaren park. we have baseball fields. we have soccer fields. we have tennis courts. we have lakes. we have amphitheaters. we have parking around the amphitheaters. we have lights around it. and mcmahon of the lake is filled with sediment. there are dead trees all over the way. you cannot walk on the walkway, because the roots have deteriorated and the asphalt has never been repai

. >> with paulson. bizarre. with paulson here he only shows up when the market is going to do okay because he's a permeable. i wasn't going to out him on that. >> i was standing over there and find out how bullish so. >> today we'll be up. a lot of times he knows something and has inside information that he's trading on. that's not true. let's look at the oil board. there's been right around 85 or so for most of the -- wow only four cents away from that. ten year, another historic auction at 1.51. it's 1.49 there. people say definitely don't bit but we had some smart people in, paulson that think you still got a couple of years where you could have money in there. >> wouldn't want money in there. maybe it can go lower. >> the thing is if you were to see, i don't know 10% look between now and the end. year even if the dividend -- if you pull back 10%, 1.5 up is better than 10% down. even if you use the dividend still better? >> short run, i don't know, longer term a lot of risk. >> dollar, give me on the euro, gi

you for waking up with us, personally i think the weather is very nice, let's check in with steve paulson for weather. >>> there has been a bunch, not the case today, 60s and 70s coast and bay, 80s and mid-to- upper 90-degrees, here is sal. >>> good morning traffic is off to a nice start, marin is looking good and westbound 92 looks good as you head to the high-rise, 502 -- let's go back to the desk. >>> and we have a story we first told you about this morning. investigators are on the scene at augusta street. now you are taking a look at cell phone video that tara moriarty shot from the scene shortly after 3:00 this morning and the neighbors say they saw a man running from the building holding a gas can. they say the same building went up in flames almost a year to the day. we will have an update on that coming up. >>> police are looking for three gunmen wanted for a home invasion robbery and an adult woman and her adult son were injured in this accident, alex? >> reporter: good morning, yes, police have not given us the condition of that 62-year-old woman and we understand she underwent

we do own, them. >> hank paulson is here later speaking with bob rubin.stake in how the conservatorship took place? there was a suggestion that that was the domino. >> there were lots of problems that created this fiscal crisis. exactly how we handled each of those problems probably with hindsight would have been done slightly differently. so did hank paulson handle it perfectly? i don't know the answer to that. in hindsight would he have handled it slightly differently? the answer is yes. would he say that? probably no. >> we'll try to ask him today. >> we are all big fans of your daughter, katy. if you could have brought her in here, it would have been exciting. thank you. we appreciate you being here. >> good to see you. >> we are just a few minutes away from treasury secretary geithner's keynote address to the delivering alpha conference delivered by cnbc and institutional investor. stick around. we'll be right back. 0 the spx is on my radar. tdd# 1-800-345-2550 we're hitting new highs. tdd# 1-800-345-2550 and i'm on top of it all with charles schwab.

>> phil paulson, my father, he worked at central shops.b every day of the week ♪ ♪ branch man ♪ ranch man ♪ ♪ i'm having daydreams about ranching ♪ ♪ in the middle of the afternoon ♪ ♪ and every night, you make my ranch dreams come true ♪ ♪ i'm having ranch dreams ♪ ♪ about budget things in the middle of the afternoon ♪ ♪ and every day, every night, every year ♪ ♪ you make my ranch dreams come true ♪ ♪ chairperson chu: thank you very much. any other members of the public who wish to speak on this item? seeing none, public comment is closed. public comment is closed. we have a motion to send this forward. the next item before us? >> adjournment. >> -- chairperson chu: thank you. we are adjourned. >> you can see that it is amazing. you can hear that it is refreshing. you reach for it because it is irresistible. and the taste. simply delicious. san francisco tap water. it engages the senses. 311 is an important resource for all san franciscans. shouldld

paulson. two minutes. >> ♪ take a good look at public safety if your case looks out of place if you look closer it is easier to trace the tracks of your realignment tiers don't fall into a burning ring of fire you might go down, down and the bill will go higher the city of fire, the ring of fire because you are mine we want to realign i hope you do fine and we will walk to realign ♪ >> thank you. is there anyone else that wants to speak? seeing none, public comment is closed. supervisor olague, did you want to make any remarks? >> we are in an exciting time and it is great to see how these departments are working together, that the focus is on rehabilitating the individual and giving people as many opportunities as we can provide, given our limited resources at times. i just think it is exciting work. also, staff is being trained with the appropriate skills and insights to be able to deal most appropriately with the population in a way that benefits those individuals that are being released, r

talking with paulson, i came way with the impression that he had devoted his lie to al conanvr er of money. the goldman sachs deal was the culmination of the sing-minded quest. what made these two accomplishments so selfish, but made these accomplishments s ish, osea al lngpu spiritedness so thirsty for the reebok, these two men and many others personify the philosophy, whether it was explicitly adopted or implicit f not imptahatteris at lten to it. this was reflected in the belief continually promulgated by greenspan at the fed, but the markets were supreme and a kind of fit thetate. sy awencn tde towardslf mes csiderable enthusiasm by the regulators and congress and all the administrations as a sizable portio of the media. at first i developed a theory this was ahodgepodge of beliefs i quoted market supremy b it s brouget eenpotophm hso h philosopher. ayn rand had been there all along and i never noticed. this book is my attempt to correct that overght. my purpose in writing this book was not to tell e story ofndif t ta nal is at has been in the history and reported in the financia

[ laughter ] >> december it was warm. [ talking at the same time ] >> steve paulson, thank you. >>> well, investigators remain on the scene of the officer involved shooting in san francisco. it happened hours ago in the financial district. ahead we will take you back out live of this developing story. >>> a live look at the big board. dow is up 100 points. 12,908. >>> we are returning now to our top story, a officer involved shooting in san francisco. over to ktvu's paul chambers who is in the financial district with the news. >> reporter: i can tell you i have new information, you can see there is an active scene. officers plan to be out here for several hours. at davis and washington. look at video shot earlier. the new information is the person was a tcho temporary employee. 30 years old. a shooting happened at 10:14 at peer 17. he went up to a co-worker and slashed him. the victim, the establishing victim followed the suspect up washington street, that is when the suspect engaged one officer. the officer told the suspect to stop. ignored the first officer. came across a second office

. >> i am pam cook, let's check in with steve paulson for the weather. >> what are you gigelling aboute have not much changing here. but if you enjoy today's weather, maybe a slight cool down and some upper 80s closer to the coast, here is my good friend sal. >>> traffic is moving well, southbound 101 as you head down to 580 and it looks good in san jose over to milpitas, let's go back to the desk. >>> we begin with breaking news, it has been a busy night for vallejo firefighters. they battled two fires just minutes apart, one was at a strip mall, the other at an empty home, good morning paul. >>

let's check in with steve paulson. you say it's nice but it's warming up. >> yeah. upper 40s near sonoma county. owen that the fog will start to retreat just like our usual drill drill here. 60s and 70s and a little bit warmer inland. here is sal. >>> steve, good morning. traffic is moving along very well if you are driving on highway 4 coming up to the willow pass grade no major problems here. also highway 237 traffic looks pretty good if you are driving on 237 that traffic is moving along well. still a very active scene in alameda where all morning an overnight car crash injured six people. ktvu claudine wong joins us live with rescue video you will only see on 2 and what is happening now. claudine. >> this area remains shut down, sal. this is island drive just near the mccartney intersection. it will be shut down for hours this morning. you can see the one car that was involved in this still sitting off the side of the roadway where it hit a tree early this morning. right now we are waiting for the accident investigation team to arrive. we are told they should be

steve paulson. >> thank you, seoul. good morning. some fog out there. if the low. credit. it's finally moving o it. unseasonally low temps. we bottomed out on the temps tuesday. well it's finally slowly weakening and it's now exiting stage right and as it does high pressure will build in. inland temps have been coming up two or three degrees. warmer air coming in is sending the fog closer to the ground. a low marine layer. fog. you and i call it fog. but with the temperatures starting to warm up, it creates a cap. inland temps warming up that creates the sea breeze. we are not going to get too warm here. temperatures inland will get back to seasonal averages. 50s right now to 60. although it feels a little cooler. we have lost the tropical clouds. .01 which is a record rainfall for them. .01 at lax. you can see a system dropping down will replace that low. even though the low moves out low pressure. it will warm uninland but not that much. coast and bay will stay about the same. fog and sun. it will be warmer. it's not solid or anything. water temps have come up a

let's check in with steve paulson. how is the friday forecast? >> you were just saying you like this kind of weather. >> i do. >> for some they want it a little warmer. today it's a very cool pattern. low clouds marching inland. temperatures very close to yesterday's numbers which means 60s and 70s. mainly upper 70s and low 80s near the coast. >> these pictures say it all. look at this water rising from a fire hydrant that was hit by a car in san francisco. this video we received just a few moments ago. this car that was driving on henry street clipped a fire hydrant. ktvu has a crew on the way to check this out. if they cannot figure out how to cap it this has been going since 2:00 in the morning. they may have to shut off water to the neighborhood. a lot of these homes will not have water. if this means you, take your shower now. we'll have an update from the scene coming up in a few. let's go back to the desk. >>> overnight fire raises fears it was deliberately set. someone may have torched a parked truck. ktvu paul chambers is in san leandro

paulson. >> it is not possible to follow that, but i will try.are getting to know the commissioner of the housing action commission, but she has made a very promising start. has a terrific background and expertise we need for discussion of the issues that confront the city. we would strongly support her reappointment. thank you. >> residential builders association. we support the reappointment of the commissioner, and will not echo the previous statements, but we do support her. >> is inappropriate for another commissioner to speak on behalf? i assume it is. i am very happy, being able to work with commissioner wu these few months. something she brought which was a godsend to us is she requested a zoning map. the department quickly produced it. it graces my wall in my office, and it makes things much easier, identifying where areas begin and end. her insights are invaluable. she has been and hopefully will continue to be a wonderful addition to the planning commission. chairperson kim: public comment is now closed on this item. colleagues? superv

>> are you saying hank paulson oversaw that? >> yes, and they said look, we have two choices.t it go totally bankrupt and pay none of the debts or all of the debts. with lehman brothers they let it go and the economy started to freeze up, so aig did not ask congress, they used authority they had to get that money to aig, but paulson said that's not a good situation. he urged us to adopt rules that said if a institution can't pay it's debts and having an impact on the economy, you put it out of business and kill it. >> i remember this and it was very important. very smart. >> put it to death, and then you let the fdic, our i did involver of banks, say okay, they're so big, we may have to pay some of the debts but only as little as we need to keep the economy from freezing up, and most importantly the institution dies. no more aig, and secondly, every tax payer will be recovered by the secretary treasury from large financial institutions. >> let me try to get to the bigger issue here, and it is a frustration with the fact that americans feel we can't get anybody together in wash

steve paulson is up to tell you if you could expect a warm up for the weekend. and a florida story that is surprising people nationwide, a lifeguard fired for saving a man who was in danger of drowning. >>> this fire broke out around 1:00 a.m. this morning in oakland. ktvu news crew arrived before the first firefighters. flames reached 20 feet in the air. we don't know if it was an accident or deliberately set. >>> huge tree fell and damaged a car in oakland on east 20th street around 3:30 a.m. this morning. the branches snapped and landed on a parked car. the wind probably caused this. chain saws cut the tree limbs into smaller pieces. no one was hurt. >>> we have breaking news right now. we are getting reports of a kayaker in distress. looks like a kayak, bright yellow there on the back of that boat has been rescued. he was in distress and currently being brought to shore. this is in red woodcreek in redwood city. these are live pictures where a kayaker has been rescued and being brought back to shore. as we get more information we will bring it to you. >>> a

>> phil paulson, my father, he worked at central shops.nce i don't understand ♪ ♪ is just my job every day of the week ♪ ♪ branch man ♪ ranch man ♪ ♪ i'm having daydreams about ranching ♪ ♪ in the middle of the afternoon ♪ ♪ and every night, you make my ranch dreams come true ♪ ♪ i'm having ranch dreams ♪ ♪ about budget things in the middle of the afternoon ♪ ♪ and every day, every night, every year ♪ ♪ you make my ranch dreams come true ♪ ♪ chairperson chu: thank you very much. any other members of the public who wish to speak on this item? seeing none, public comment is closed. public comment is closed. we have a motion to send this forward. the next item before us? >> adjournment. >> -- chairperson chu: thank you. we are adjourned. commissioner campos: good morning, everyone. well,. my name is david campos, and in the chair of the transportation authority committee. i want to thank sfgtv for there service. madam clerk, could you call the roll? >> [roll call] we have a quorum. commissioner campos: thank you. if you could call item two. >

paulson's comment is to the extent focused on the political debate on what the tax rate is for the topor half of 1% of the economy -- >> good point. >> -- we are missing the point and we need a look at the tax code to ensure that it enhances competitiveness. >> i tried to pin him down. would you recommend to a republican president that he accept a deal with the democrats to increase taxes on the wealthy? he said, that's a phony question. he said the real question is reforming the tax code, you know, and revamping expenditures in the country. not a big fan of defense expenditures and need to make the country strong is make the economy strong and almost everything flows from there. who did you pick for the next president? he said the best for the economy. >> appreciate it. sue? >>> speaking of politics, political ads are flooding with strong attacks on both candidates. john harwood joins us now with a look at the ads most of us don't get to see, right, john? >> reporter: exactly. take california and new york, likely both in the democratic column and people are only seeing a few things th

i am walter paulson. [singing] clear the drug dachshund you have nothing to hit but the rights to clear the dr-- clear the drug r. it is >> write soon, and the feeling is right it is ladies and human-rights. -- >> it is human rights, the feeling is right so, what a night oh, what a night. you light up my human rights life you give me hope for a brand new day you light up my human rights life and give me hope, for everything going your way it can that be wrong when it feels so city right because you, you light up my city writes life here comes the night here comes the night please, make human-rights come out right [applause] >> thank you. before the next speaker, i just want to call up that cards one more time. [reading names] >> my name is not important. if you look at prohibition, prohibitionist targeted the irish, italians. the drug wars, people may be like you, i don't know. they put people like me in jail i will not be a scholar and i cannot be more interested in drugs, then i want to be a leader in m

. >>> steve paulson is up to tell you which parts of the area have a weekend warm up. >> this is announced there. and involving closely this man and the beating of a former priest. . >>> suspended sheriff reunited with his life after a judge lifted a protective order keeping the pair apart. >> we have more on the case and david joins us live from san francisco. >> reporter: well, the sheriff called it a break in a seven month long nightmare. he was able to have contact again with his wife. >> reporter: suspended sheriff and his wife hugged and kissed this morning minutes after a criminal court judge lifted a protective order that kept the two separated since january. >> how do you feel? >> reporter: the protective order was placed after he was charged with domestic violence after bruising her arm. >> it was friday, july 13th is the last time we were able to be together and holding hands. >> he pleaded guilty to and she went to venezuela. and that caused more delays. she testified at the ethics commission hearing. >> we are extremely happy. and the best thing is not me. it is not ross. >> t

paulson. >> i'm originally from the sunset. ♪ your shining star ♪ no matter who you are ♪ shining bright ♪ ♪ when you can truly be ♪ shining bright to see ♪ ♪ war your district can truly be ♪ ♪ ♪ your shining star ♪ ♪ no matter who you are ♪ shining bright to see ♪ when your district can truly district ♪ shining bright for you to see ♪ ♪ would your district can truly be. -- what your district can truly be ♪ ♪ won't you give it to the sense that, please ♪ ♪ >> thank you. next speaker. >> the afternoon, supervisors. there are three major points. the caravel section should not be included, but done separately. i would urge you not to send it forward to the full board. but do it right and do it now. the second is the issue that i have as a former staffer working on the neighborhood commercial districts. the forms that you have and there's a you do not have to look at all the controls and have all of that explained. . the third issue is the height increases of 5 ft.. it seems to be in general a very good idea because it allows more space for the technical issues, but in the nc 1 districts in

we'll have what robert reuben and hank paulson have to say on the matter after this. [ man ] ever year, sophia and i use the points we earn with our citi thankyou card for a relaxing vacation. ♪ sometimes, we go for a ride in the park. maybe do a little sightseeing. or, get some fresh air. but this summer, we used our thank youpoints to just hang out with a few friends in london. [ male announcer ] the citi thankyou visa card. redeem the points you've earned to travel with no restrictions. rewarding you, every step of the way.  ♪ ♪ ♪ ♪ [ male announcer ] what's the point of an epa estimated 42 miles per gallon if the miles aren't interesting? the lexus ct hybrid. this is the pursuit of perfection. >>> welcome back to "worldwide exchange". let's take a look at how u.s. futures are pointing. we've moved a little bit higher in the last couple of minutes. the dow jones industrials average implied higher by 45 points. the nasdaq nearly 13. s&p is contributing two points. >> spanish auction results. bore roger costs rise in auction of medium term debt. stephane is in madrid

>> phil paulson, my father, he worked at central shops.every day of the week ♪ ♪ branch man ♪ ranch man ♪ ♪ i'm having daydreams about ranching ♪ ♪ in the middle of the afternoon ♪ ♪ and every night, you make my ranch dreams come true ♪ ♪ i'm having ranch dreams ♪ ♪ about budget things in the middle of the afternoon ♪ ♪ and every day, every night, every year ♪ ♪ you make my ranch dreams come true ♪ ♪ chairperson chu: thank you very much. any other members of the public who wish to speak on this item? seeing none, public comment is closed. public comment is closed. we have a motion to send this forward. the next item before us? >> adjournment. >> -- chairperson chu: thank you. we are adjourned. supervisor chu: welcome to a special meeting of the budget and finance subcommittee. do you have any announcements? >> please silence all cell phones and electronic devices. completed speaker cards and copies of any documents included as part of the file should be submitted to the clerk. items acted upon today will appear on the july 24, 2012 board o

but his management style led to conflicts with another goldmdm partner, hank paulson. 1999, corzine was ousted. it didn't slow him down. >> hank paulson said to him, you know, "what are you going to do now, jon?" and... and corzine said, "either i'm going to, you know, have my own hedge fund and be worth billions or i'm going to be president of the united states." >> narrator: corzine would aggressively embrace politics. in 2000, he spent a record $62 million of his own money to become a senator from new jersey. in 2006, he spent another $43 million to become governor. >> gracious god, we ask your blessing upon jon, that you would fill him with positive vision, that he might inspire others. >> the reason why we called jon is because we knew he knew about the economy. >> narrator: by 2008, corzine had become a trusted advisor to barack obama. it was once rumored that he might even replace tim geithner as treasury secretary. >> here we go, folks. >> narrator: but then in 2010, new jersey voters ended his political career and returned him to wall street. >> former new jer

paulson. >> i had the pleasure of working at the time there were the 49ers in the city of san franciscoting some of the tensions and fabricating with the vice-president of stadium operationsit speaks to mr. hil'. my strongest recommendation for my strongest recommendation for richard ellis for the planning supervisor kim: thank you. seeing no further comment, public comment on this item is closed. >> i think all of the members who came out to speak on behalf of mr. hillis for the planning commission. as i indicated, i think this is an excellent appointment, and i think it makes sense that the mayor would make this recommendation. it will be, however, sad to lose you, mr. ellis, on the board of appeals, but i think you're -- it will be sad to lose you what mr. hillis, on the board of appeals, but i think you'll benefit here. i support richard hillis to the planning commission. supervisor kim: supervisors, we have a motion. supervisor farrell: i am happy to second that emotion. a little bit on the board of appeals, but more directly with the mason center and my district. i really look for

steve paulson went back to a full bay area forecast. >>> 237 looks like stop-and-go traffic, which isavorite soup, salad and hot, hearty sub. like the toasty big hot pastrami melt. get to your local subway for some dinnertime deliciousness tonight. subway. eat fresh. >>> in a 4-1 vote last night, alameda city council approved a controversial new zoning right the vote will allow construction of more than 2,000 high-density housing units. it also puts the small island opinion city in compliance with state law -- it also puts the small island in compliance with state law. city leaders say the project will still have to go through an approval process that will deal with traffic and other issues. speaking of traffic, sal is coming back -- >>> speaking of traffic, sam is coming back. everyone behaving out there? >> well, we've had some slow traffic. this is because of earlier trouble right near marsh road. they had an accident that cleared up. that has been removed but if you look near the palo alto sign there, you see a lot of slow traffic heading south still and coming out of redwood city