pollack. i think would the planning department liquor to speak or wait? >> thank you, supervisor i think we'd like to wait to see the revised information before we make a presentation. >> also logically for the amendments that are being asked to adapt today mr. pollack do you anticipate so far as you know the final amendments before there. >> yes. there's been discussion about the substantial amendments but the criteria we'll look at the the duplication of the legislation but we'll looked that next year, we want to have this before the recess. >> so the documents physically before us we're asking to be adapted today that's what we're dealing with in two yearbooks. >> that's right. >> this is very complicated i know that supervisor avalos has asked for a committee report. i want to make sure this is something as significant as this we're not scrambling >> yes. we'll be dpord with the committee report. >> supervisor kim. >> i want to make a motion to adapt the amendment. i think we should be take public comment first. any public comment on items 6 or 7 seei

pollack. but with respect to the transparency side of it in the days following the settlement and the publicity about the settlement, jpmorgan's market cap went up and stayed up for several days after that. without this transparency there, why did this happen? do you have any explanation of that? >> resolution of uncertainty. that would be my answer, the resolution of the uncertainty. the market reilly thought, i think, that it could have been a heck of a lot worse and jpmorgan had now settled almost everything that was likely to happen in the future some that probably made people feel somewhat more confident about the bank and that the fact that the bank could pay a 13 billion-dollars fine and series of fines and still be profitable was similarly impressive. >> there is with a similar bent in the late '80s when city corps set aside several billions of dollars against potential losses in its portfolio of country loans. that gave it the largest loss ever registered by a u.s. corporation that qu

i also want to thank my staff, jeremy pollack for his work on this for many, many months and would especially like to thank sophie hayward who is here awaiting patiently, perhaps if she is called upon to explain some of the parts of these two key legislation. i want to thank her for her great work and the work of the planning department in bringing these two item forward. they have kind of been under the radar these past few months as there have been a lot of deliberations around evictions in san francisco and the crisis that many san franciscans are facing. originally these two pieces of legislation or one penasquitos east of legislation, but we split them into two ordinances, sustained alone, although work in very similar ways. the first one which you are calling residential dmc for short, will reduce the elimination of housing from demolitions, mergers and conversions. in effect, this ordinance will guide the planning department to favor rent controlled apartment housing as a value in our general plan and discourage demolitions, mergers and conversions where they would eliminate rent contr

i also want to thank my staff, jeremy pollack for his work on this for many, many months and would especially like to thank sophie hayward who is here awaiting patiently, perhaps if she is called upon to explain some of the parts of these two key legislation. i want to thank her for her great work and the work of the planning department in bringing these two item forward. they have kind of been under the radar these past few months as there have been a lot

. >> reporter: pollack says historically home prices have closely followed inflation rates. there was one major deviation from that, when the housing bubble grew to immense proportions and burst in late 2007. pollack says, we're beginning to see another deviation very similar where housing prices are climbing beyond the inflation rate. he fears another housing bubble could burst if interest rates begin to climb, jon. so we'll see. jon: doug mckelway, sound a bit on must there. thank you. >> reporter: you bet. jenna: it went down in history as the crime of the century and now great train robber ronnie biggs, pardon me, has died. a look at the legendary 1963 heist and how it went down. >>> how about this for a christmas wish. we're live in atlanta where one of the winning tickets was sold. ♪ [ male announcer ] introducing red lober's seafood bakes. combinations of your favorite seafood from lobster to crab, shrimp and mussels in a savory broth. try one today, and sea food differently. now, try seven lunch choices at $7.99. sandwiches, sads and more. now, try seven lunch choice

then again, a jackson pollack painting is a heck of a lot more than the rembrandt, the old gold standardhow about the auto companies going up against tesla? people at ford worked hard to get the costs down, boosting sales, tesla gets a valuation that's downright outrageous versus the 25,000 cars they made this year. ford sells that many cars in a day. tesla is worth $17 billion and ford is worth only $64 billion. no one seems to like the car catching on fire but i'm sure the execs at the other auto company want to see something than stop the juggernaut that is tesla. the days we go without a new fire, the higher the stock will go. how can a business thrives when it owes as much money as netflix does and at the whim of the entertainment companies and at the mercy of the cable companies, too? the buyers prefer netflix to tv. members of the younger generation who are drawn to stocks want to put their life savings in the darn thing. they're thinking of "walking dead," if they're coming in late, "boardwalk empire" and "homeland." the companies who make the stuff are beholden to netflix. "oran

richard pollack found that the other states doctors get $76 in office visit. in california they get $24. other states they get 500 to $700 for tonsill he can toe my, in california they get $160 a lot of doctors say it is not worth it. the other problem, obamacare will be more thousands people on medicaid. it is expanding medicaid to make more people eligible for it. more medicaid patients, fewer doctors that could be a crisis. melissa: california isn't alone. new york state medical society, 44% of the doctors said they aren't participating. 33% say they aren't sure. is it fair to say it will be a nationwide problem? >> it will be nationwide problem but particularly acute in the bluest states. melissa: why? >> states expanded medicaid over the years to irresponsible levels. they don't have a lot of flexibility to turn down the spending. only thing they can to do to balance their budgets is cut amount they pay doctors and hospitals. they will not throw people off the roles. will not make poor people more for the care and pay doctors and hospitals less. that mean

. >> the washington examiner, our richard pollack reported on cgi, that is the company we're talking about, reported on their tremendously bad record of performance as a government contractor. about two months ago and, you look at what they did before they got this contract and all the mistakes they made and all the contracts that they had canceled because they couldn't perform them. , one of the great mysteries why did cgi get the main contract to build healthcare.gov? we still don't know the answer to that question. harris: what massachusetts and vermont are talking about doing you're alluding to is not paying the bills of cgi invoices coming in until they fix the problems because they really need to recoup some of the tax dollars people put into those websites. >> also complicating that particular situation is of course the low number of people enrolling at this point. there is no way to know whether the system is going to be financially self-sustaining. the odds are it is not going to be. that forces government officials now to start thinking where will we find the money to pay f