. >> it costs just $9.95 a month per unit. >> yes, and that rate never goes up. >> and their coverage never goes down because of their age. >> they can get permanent insurance at a price that fits into their budget. >> do you want to help protect your loved ones from the burden of final expenses? if you're between 50 and 85, you should call colonial penn now. for just $9.95 a month per unit, you can get quality insurance that does not require any health questions or a medical exam. your rate will never increase and your coverage will never decrease. that's guaranteed. now whether you're getting new insurance or supplementing what you already have, call now and ask one of their representatives about a plan that meets your needs. they're waiting to hear from you. so call now. ♪ kln three people are killed and eight wounded. police are searching for a least two suspects who sped from the scene. the barber shop has a reputation for gambling. it is not yet known what is behind the shooting. an arrest has been made. timothy burns had been arrested and charged with the murders of a mother an

there is a 20 percent to 80 percent reduction per unit. this particular unit received a reduction from $20,000 to 8,000 per unit, a 60 percent reduction in fee. there is a deferral process that is allowed for owners under 120 percent needing income, there is an eligible expedited process for next year. the appellant does not meet the waiver standard for the reduction. the appellant is receiving a 60 percent fee reduction. the ordinance does not specify how the co-owners divide the conversion fee across units. they can be unequal, they can be equal. it's up to the owners. the fee deferral option was not pursued by the appellant and lastly using this appeals process to grant hardship waiver which is not permitted under the ordinance will create a certain potential for a confusion in future appeals. >> colleagues, before we go to questions of city staff, we have a 3:30 commendation from the office that most of you would like to go and recognize the individuals that have been waiting. why don't i suggest that we go to commendation and probably

there anything that mandates that the owner itself must pay the $8,000 fee or is this a payment per unit but can be divided differently among unit owners? >> supervisor, that's correct. the fee is calculated on a per unit basis but applicable to the building. there is no -- requirement for the owners to pay the fee. the owners can decide amongst themselves how to pay the fee. they can even structure it as a loan to maybe one owner who couldn't afford the fee at the time or until a far future date by making it part of the deny knxv -- making it part of the home owners from the loan of the hoa to the individual when that individual sold their unit. there are a lot of options potentially among owners that the legislation doesn't speak to. >> thank you, in your memo you related that you have done a quick survey of the property. what do you estimate it's current value -- at? >> we did have a quick turned to do the analysis. i later checked the assessor's records and the value was estimated over $1.9 million. i don't have a number for what a per unit value would be once it's converted into con

and so this property the project does include ground floor dwelling units and so per the code the rear yard will be required at the ground level and as was mentioned per the code you will have to pick a frontage and the rear yard will have to run the entire length of rear. >> and it is common in projects like this to have the rear yard instead, the second floor, usually a ground floor commercial space and or the ground floor parking garages and where you cannot or is not practical to do a single strip, of the lot depth, instead, you provide a 25 percent area in the kind of interior corner which this project does and it is actually larger in that area than the co-compliant rear yard would be, in terms of the exposures they are required to look on to a required rear yard or the street. and the units look on to an area that is as larger as a co-compliant rear yard and the height exception was for the space that was added after the last minute but later in the project, and per the suggestions from the neighbors and the other consultations and it does not meet the minimum requirement of 17

the nexus level justified in the study was between $21,024,000 per unit. the board made the decision to set the level brother at $26,000 limit. based on the time many the lottery they're getting a reduction in the fee at the $16,000 per unit. as supervisor jane kim stated there's no reason for this tenant to pay her fair share that would be worked out between the owners along with the new condominium. additionally, you know, there were a variety of questions at the last hearing as to how easy it is for the owner to refinance and what sort of services our office provides. i want to say wove reached out to a number of our housing counseling agencies those are community organizations that the mayor's office provides funding for to get what sort of services that would be helpful to this particular homeownership. they don't turn anyone away and they have services to walk through the first time ownership. so invite all those homeownership's to contact our office directly or the homeownership counseling that we provide. we've spoken briefly to some of our lenders

. >> it costs just $9.95 a month per unit. >> yes, and that rate never goes up. >> and their coverage never goes down because of their age. >> they can get permanent insurance at a price that fits into their budget. >> do you want to help protect your loved ones from the burden of final expenses? if you're between 50 and 85, you should call colonial penn now. for just $9.95 a month per unit, you can get quality insurance that does not require any health questions or a medical exam. your rate will never increase and your coverage will never decrease. that's guaranteed. now whether you're getting new insurance or supplementing what you already have, call now and ask one of their representatives about a plan that meets your needs. they're waiting to hear from you. so call now. ♪ a number of chicago-based artists chose to live in the northwest suburb of park ridge. one of them was an italian sculptor. you might not know his name, we think you'll recognize his work. almost half century after his death the arts community is trying to save one of his shares works. in the 1920's he was alread

production in the area, buildings over 5 stories require more electricity per unit and while the roof storage per unit shrinks has the height goes up. >> the more high-rises we build and the denser the population, the more dependant that we will be on the electric grid. they can cancel each other out and there is a limit of the scale at which the production can pull fill the needs of the building and that limit is four to five stories and based on the square footage needed to produce enough power to make the system viable and the major requirement other than the scale that there be no shadows on the roof and most in the immediate neighborhood can be solely independent so we do not buy into the theory that the it is the most efficient way to house people, thank you. >> next speaker, please? >> and thank you, my name is jeff, and i am the owner of a property at 485 potrero across from the proposed development and i am here to oppose or to support the appeal and while the developers have offered a lot of engagement with the community, ultimately what is at issue here is the shadows that

being in the lottery, so in the case of the appeal before you today, i believe that it's $8,000 per unit. the ordinance also created a right to appeal where an applicant for a condominium conversion can appeal to the board and challenge the nexus finding and ask that the board reduce or wave or adjust the fee for that particular applicant. that is the matter that you have before you today. now, in this appeal the board can reduce wave or adjust the fees that applies to this applicant but only if it finds that there is no any relationship or nexus between the impact of the conversion and the amount of the fees that's been charged. the applicant here has the burden to present substantial evidence to support the appeal including comparable technical information. and the board cannot reduce or wave the fee based solely on a finding of financial personal hardship. that type of waiver is not allowed under the ordinance. and i imagine you will have additional questions perhaps for me, perhaps for the department as the hearing progresses. >> thank you very much. mr. gibner. colleagues, i propose

in most industries, after a certain level of production is reached, a business firm's costs per unite. but they may not do so. because telephone customers need to be connected to each other, it may be very expensive to have several small-scale telephone networks servicing a region instead of just one larger one. for the same kind of reason, a small power plant may have higher costs per kilowatt hour in producing electricity foa than a much bigger one would. that is to say that over the relevant range of production, the costs per unit, the average cost of production, might look like this, sloping downward as one company produces more and more units of telephone service or electric power. when we have falling average costs like this, we have a natural monopoly. it doesn't make sense to bring in competitors since then everyone will have to produce not here, but at low levels of output, that is, up here, where costs are high. incidentally, although natural monopolies, like at&t in the old days, are often huge firms covering the entire nation, they need not be so. it really depends on the

platelets are the most perishable, about $525 per unit. then hospitals tack on their own surcharges. >> we choose to have it here, paid as part of hospital bills. >> reporter: then there's the blood that goes overseas. just through july of this year, more than a billion dollars worth of blood products was exported to over 100 countries, mostly in europe. the biggest importers? germany austria and spain. >> reporter: drugs made out of the blood components are also exported. turns out nonprofit blood bank sell blood components to for profit pharmaceutical companies. the companies we talked to didn't seem eager to talk about it. >> they say give a gift, i support blood donation but it doesn't mean that the industry side of this business couldn't use a tougher examination. . >> in the u.s. you can't sell your blood. have you to donate it. that haw was created to keep the blood supply safe. >>> if you're underground you will be found. that is the message being sent to drug cartels as of this uncovered a super tunnel in san diego. it is dug to s

reactions yesterday from senator carper's hearing where i believe bit coins spiked at over $700 per unit, we're talking about a currency that is already been monetiz monetized. we as policymakers will have to catch up. i'm very much looking forward to this. i appreciate my colleague, particularly the senator's interest in this. with that i'll turn it to senator heller, back and forth with a couple of opening statements and i want to get to introducing the witnesses. >> i want to thank you for holding this subcommittee. i want to thank ranking member kirk and i'm happy we're having this joint committee. i think we need to have more of these. with that i'll keep my statement relatively brief. today we're here to learn about virtual currencies and crypto currencies. the most popular, of course, which it business coin. generations in nevada mined for gold and silver and copper, today they can mine for virtual currencies on their computer. while these virtual currencies are not widely accepted, the number of users continue to grow. we must recognize these decentralized digital payment systems

the energy studies over 200 years, energy intensity has declined, meaning we get more units of gdp per unit of energy lost, 200 years that's a long-term trend. over that same period of time our energy consumption increases. what are you going to do tell the 1.7 billion people in the world who burn dung to be more efficient? it will come from fossil fuels or nuclear. >> do you realize what the natural security aspects of the nuclear power? >> absolutely. >> do you have any idea how tempting a target the spent fuel rods are around all these nuclear plants? earthquake, why do you think israel has never built one? >> if there was an attack on a nuclear power plant by bazooka by greens in germany. >> now we've had 40 years history of these nukes and 100 some facility across america. there was some kind of grand plan a big hole in yucca mountain and deliver all this radiation of railroads through the biggest cities in america and deliver it to this big hole. but nobody wants this coming through their town. it's all storied in their backyard. >> that's right. >> how do we get rid of all of it? wha

the reactions yesterday from senator carper's hearing where i believe bitcoin spiked at over $700 per unit., r we're talking about a currency that has already been monetized and we as policy makers in wayse will have to catch up. so i'm very much looking forwara to this. really appreciate my colleagues and in particular senator merkley's interest in this. and with that i'll turn to senator heller and we'll go back and forth with just a couple ofc quick opening statements.k witha and then i'll get to introducins the wintszs. and >> thank you, mr. chairman.ommie i want to thank you and chairmag merkley for holding this we're subcommittee. i think we need to have more of these. and with that i'll keep my statement relatively brief. today we're here to learn aboutn virtual currencies and cryptocurrencies.cies. the most popular of which of course is bitcoin. while generations in nevada have mined for gold and silver, copper, today nevadans can now l mine for new virtual currenciess on their computer. while these virtual currencies a are not yet widely accepted, th number of users continue to gr

platelets are the most perishable and the most expensive, about $525 per unit. then hospitals tack on their own surcharges. >> it's a real cost. in our system we choose to have it here paid as part of hospital bills. >> reporter: then there's the blood that goes overseas. just through july of this year, more than $1 billion worth of blood products was ex-supported to over 100 kun -- exported to over 100 countries mostly in europe. the biggest importers, germany, austria and spain. most of the exports are frozen plasma but drugs made out of blood components are also exported. turns out, nonprofit blood banks sell donated blood components to for-profit drug companies. the blood banks we talked to didn't seem eager to discuss that. >> i don't know a whole lot about the financial side. >> they do best by saying to people, please make a gift. help a neighbor. and let me add, i'm a blood donor and i support it. but that doesn't mean that the industry side of this business couldn't use a tougher examination. >> reporter: christin ayers, kpix 5. >> here in the u.s., you

think that the greatest challenge is going to be on our population increases by let's say two people per unit and 80,000 people in the city and most of which will be under the age of 45? >> what do you think? >> well, it is. >> if you are challenged. >> it is a challenge and it is just something that we will have to deal with, we don't have a choice as far as having the population double or going down by a third. it is what it is. and you know, looking at, if there is a complaint, we look into the complaint and see how we can rectify it and make it better. i have no problem over the population part but i definitely will be the person who gets the phone calls for it. >> do you think that your phone calls will increase and your challenges will increase. >> by having more people, yeah. >> and you know, i think that we talked about it a while ago as far as expectations, whether it be the loitering law or blocking a sidewalk? and what we are looking for, you know, we are not getting perfection. and you know, if we look over and we see a staff that is actively trying to, you know, keep the sidewalk

. >> we are using less fertiliser per unit of corn. farmers are more efifferent than before are -- efficient than before. >> the farmers are wrong. >> they are getting one plus one and equalling three. >> craig cox, the senior vice president for agriculture and resources at the environmental working group, and he joins us from washington. welcome. >> thank you. >> you heard a little of what bob said. what's your reaction. >> the only people flabbergasted by the ap report are those that haven't paid attention to what has been happening in the mid west. i have seen this. i live this in the middle of the corn belt. prices have tripled since 2005 when the ethan ol boom took on the corn belt. as a result farmers are ploughing up every square foot they can get their hands on, pushing the land harder to get every bushel from every acre. as a result our water supply, soil, wildlife are in trouble. taxpayers have lost billions of dollars invested in conservation. >> let me tell you what we heart from the other side. they suggest 12 years ago mo

last week in the uk, my home country, embarrassingly, will buy from the power plant at 20 cents per unitof solar. >> if what you are saying is correct, then why is it so tough for people to get the idea in their heads, in their thick skulls, if you will, about solar power. it is tough to sell solar. my neighbor sells solar. he said, i can't make any money. what is it? >> it used to be that way. things have changed very quickly. just in the last few years, solar has come of age. the industry is a hundred billion dollar industry today in revenue and is growing 35% per year. so sungevity, can you go on to their website, put in information and get solar information. >> fukushima, chernobyl, i live in philadelphia, there is a huge nuclear plant. how do you tell it as something good for people when people have lived through these tragedies. >> all we focus on are the three accents. we have nuclear power for about 50 years now. 440 reactors working all over the world. out of that we've had three significant accidents. which you just cited. and according to the best science from the world health

the fact of the matter is we are using less fertilizer than we used ten years ago, less fertilizer per unit of corn than we were even five years ago. farmers are becoming far more efficient than ever before. >> those scientists you heard in the report are just wrong? >> i think they're getting one plus one and equalling three. look, we're using more fertilizer on lawns today. mcmansions. there are all associates of reasons why there's -- >> you say lawn fertilizer not the fact that the -- >> my point is there are all kinds of factors. you can't just say that it'sette flol. you can't just you know -- ethanol. you can't point to this cause and say it'sette flol. you can't -- it's ethanol. what are the environmental consequence of fracking? in north dakota? or tar sands from canada or the risk of spills in the gulf of mexico? the real environmental danger of energy production in the gulf is not ethanol production. it's having to deep dig, deep are and deeper in the gulf of mexico. that's the environmental consequence. environmentalists really should be focused on. >> it seems like this will be

that's per unit. then hospitals tack on their own surcharges. >> they are real costs.our system we choose to have it here paid as part of hospital bills. >> reporter: then there's the blood that goes overseas. just through july of this year, more than $1 billion worth of blood products was exported to over 100 countries. mostly in europe. the biggest importers, germany, austria and spain. most of the exports are frozen donated plasma. but drugs made out of blood components are also exported. turns out, nonprofit blood banks sell donated blood components to for-profit drug companies. the blood banks we talked to didn't seem eager to discuss that. >> i don't know a whole lot about the financial side. >> do best by saying to people, please make a gift. hope a neighbor. and let me add, i'm a blood donor and i support it. but that doesn't mean that the industry side of this business couldn't use a tougher examination. >> reporter: christin ayers, kpix 5. >> now, in the u.s., you can't sell your blood. you have to donate it. the law was created to keep the blood supply safe.

there's a list i'm entirely sure but that's the most common one >> i know there are limitation one unit per building i have it's a 5 unit building. so the supervisor may want to look at the different rules for o m i evictions where your take a look the entire building off the market but not knowing enough about the rent ordinance i would defer that to later discussions with the supervisors >> yeah, i can speak briefly it that are the language we proposed to the city attorney it specifics several categories of the types of evictions in section 25.9 of the admin code and sections 8 through fourteen that outlined a number of different types of eviction. a couple of the ones is the tenant was evicted so the landlord could carry out remodeling and it's in violation if it's not offered back to the renters. so they're doing rehabilitation and not returning it to the tenant that were yeah, the different acts versus o m i. we'll be interested if looking at that. that will take important expert minds than mine >> thank you. i think for the most part and this is a little bit kufgz but for the most par

david said, but going forward as production rates ramp, we should see a diminution of amount of cash per unit toward break even. lori: it is above the 156 price target. so will you change the price target and boost it further. >> no. the stock is around 13. lori: okay. ashley: david, who else do you like, quickly off boeing, who do you like above boeing in this sector? >> sure on the large cap side we like presession cast parts which will benefit from ramp in production rates of 787 trades at discount to boeing at these levels and we think will have better cash flow going forward. on supplier side of things, like bav and spr. >> very good. good debate, folks. thanks very much, eric and david. thanks for joining us today. appreciate it. lori: so the obama administration's dramatic new idea to solve the problems with its troubled healthcare.gov website, it involves the private sector. we're off to washington for the latest. ashley: motorola's moto x smartphone is at the front of a full-scale assault on big wireless companies. we'll talk to a ceo who is challenging the whole wireless industry wi

reactions yesterday from senator carper's hearing where i believe bit coins spiked at over $700 per unit, we're talking about a currency that is already been monetiz monetized. we as policymakers will have to catch up. i'm very much looking forward to this. i appreciate my colleague, particularly the senator's interest in this. with that i'll turn it to senator heller, back and forth with a couple of opening statements and i want to get to introducing the witnesses. >> i want to thank you for holding this subcommittee. i want to thank ranking member kirk and i'm happy we're having this joint committee. i think we need to have more of these. with that i'll keep my statement relatively brief. today we're here to learn about virtual currencies and crypto currencies. the most popular, of course, which it business coin. generations in nevada mined for gold and silver and copper, today they can mine for virtual currencies on their computer. while these virtual currencies are not widely accepted, the number of users continue to grow. we must recognize these decentralized digital payment systems

transfused with debt so as the statistic points out three times more debt transfusion is required per one unit or dollar of debt origination in this huge li deflationary contraction of the real economy in favor of the virtual fufu economy where everyone is just putting assets up their spring training and calling that a net worth enema as if that somehow was going to be the basis for a growing economy i don't think so unless you want to start monetizing believe me then you've got a bully make based economy where people are vomiting their net worth and saying look the more vomit the better look at all the vomit on the street from all these poor suckers that kind of for real food anymore the economy must be expanding. well those are just the mortgage backed securities as zero had to point out however since the fed has refused to refuses to taper the same liquidity collapse is coming to treasuries first then corporates then e.t.s. then wreaths and everything else that the fed will eventually monetize just like to be o.j. so more deflation more liquidity traps no velocity of money come put right no

transfused with debt so as the statistic points out three times more debt transfusion is required per one unit or dollar of debt origination in this huge really deflationary contraction of the real economy in favor of the virtual fufu economy where everyone is just putting houses up their spring training and calling that a net worth enema as if that somehow was going to be the basis for a growing economy i don't think so unless you want to start monetizing believe me then you've got a bully make based economy where people are vomiting their net worth and saying look the more obama the better look at all the vomit on the street from all these poor suckers that kind of for real food anymore the economy must be expanding. well those are just the mortgage backed securities as zero hedge points out however since the fed has refused to refuses to taper the same liquidity collapse is coming to treasuries first then corporates then e.t.s. then wreaths and everything else that the fed will eventually monetize just like to be a so more deflation more liquidity traps no velocity of money come put right n

transfused with debt so as the statistic points out three times more debt transfusion is required per one unit or dollar of debt origination in this huge li deflationary contraction of the real economy in favor of the virtual fufu economy where everyone is just putting assets up their spring training and calling bat a net worth enema as if that somehow was going to be the basis for a growing economy i don't think so unless you want to start monetizing believe me then you've got a bully make based economy where people are vomiting their net worth and saying look the more obama the better look at all the vomit on the street from all these poor suckers that kind of for real food anymore the economy must be expanding. well those are just the mortgage backed securities as zero hedge points out however since the fed has refused to refuses to taper the same liquidity collapse is coming to treasuries first then corporates then e.t.s. then wreaths and everything else that the fed will eventually monetize just like to be a so more deflation more liquidity traps no velocity of money come put right now i

these investors were completely misled told the exchange value for the reit would be $323,000 per unit,000 that is $100,000 less than what they ever told from the reach -- from the reach it is davis come -- misconception that look at president obama aig guarantees the american people can keep their health insurance policies under obamacare it goes into effect millions of americans get cancellation policies. people do not want to be misled if you tell them you one thing you deliver. ashley: what do what the outcome to be? >> what the lawyers that represent is to prove that the $100 forced a buyout, the vote to allow the reit to go through was of'' coerced can these people were plucked a gun to their head and told you have to vote in favor wide reality people were told they would get bought out at $100 vs 300,000. ashley: there is a big offer to buy the structure? >> correct. ashley: that would have generated a much better offer. >> i made offers well above $2 billion, a 2.$2 billion investors would have received $300 million more than what it trades at now. ashley: this is not a case th

it's a multihundred billion industry worldwide currently under a global regime of prohibition per the unitedeaty to which virtually every country in the world is a signatory, notable exceptions exist. those actually point to the key to why prohibition is coming to an end quicker than most people think. >> what do we do with all the people who have been arrested for growing small amounts of marijuana or -- one of my neighbors in atlanta last year was arrested and sent to jail for growing marijuana in his home. just after that, there were many places or a number of places around the country that legalized it or legalized medical marijuana. what do you do with those people? >> it's simple. the answer is simple. there's a heck of a lot behind it. we need much more than a half hour to discuss why. the answer is amnesty. it's general amnesty to the heads of the drug cartels in mexico. president fox and i are exploring a model for mexico, specifically for this. we'll enter discussions in columbia and other countries soon. general amnesty is the best solution as long as they lay down their arms and

yesterday from senator carper's hearings where i believe bill clinton -- bitcopys spiked over $700 per unit, it's a currency already been monetized, and we as policymakers in ways have to catch up. i'm looking forward to this, appreciate my colleagues, the senator's interests in this, and for that, turning to senator heller, back and forth, a couple quick opening statements, and then i want to get to enter deucing the witnesses. >> thank you, mr. chairman. i thank you for holding this subcommittee. i want to thank ranking america kirk, and i'm happy we're having this joint committee. i think we need to have more of these, and with that, i'll keep my statement relatively brief. today, we're hear to learn about virtual currencies and crypto currencies, the most popular, of course, which is bitcoin. populations in nevada mine for gold, silver, copper, today they mine for virtual currency on the computer. while these virtual currencies are not yet widely accepted, the number of users continue to grow, and these decentralize digital payment systems. today, i look forward to learning about the lo

>> it under a global regime of prohibition per the united nations 1961 single convention treaty to whichd is a signatory. notable exceptions such as uruguay exist. those point to a key of why prohibition is coming to an end a lot closer than most people think. >> steven, who is going to back you? in the eyes of feds, this is still illegal. where will the money come from? >> at the argue group, which we started three years ago, in our early years, we saw mostly cannabis industry insiders who were interested in other businesses in the industry. more and more, we're seeing investors. in some case, they are just high network individuals and in some cases, funds have been created specifically to invest in the cannabis industry. >> are you in this for the weed, or are you in it for the money? >> well, i've been doing this for 40 years. i fell in love with the cannabis plant and learned of its benefits and my life's mission is to bring the truth about this plant to the world. i've spent more money doing activism than i'll ever make on cannabis. >> okay. so people have tried to guess what kind o