same money going into public finance. it is not fair. thank you for this time. >> commissioner kopp: cop because these proceedings are televised. i want to clarify a point raised by the witness. every member of the commission is and must be by law a resident of the city and county of san francisco. secondly, although it is beside your question, nobody on the commission is paid a penny to spend time, attention and effort on responsibilities. >> thank you, commissioner kopp. mr. ford, can you clarify what efforts will be undertaken by the commission to provide training to potential candidates as well as what we plan to do on ago forward basis after the regulations are implemented and the new ordinance is enacted? >> sure. we provide trainings in person trainings to candidates and treasures. trainings are manditor re. we do include a reference to public finance and link to the supplemental guide for mayor and supervisor candidates containing the relevant information and let people know about the statement for participation. the introductory

we believe accountability for public financing audits is a piece of that. that is something we will leverages to defray the resources to help with the november 2018 campaigns we audit, 10 of those. we are returning to audits to hope to make progress on that and continues assistance of controller's office. that is where we are. we continue to be in the exam phase for five positions that have been in recruitment. we are moving from written exam to oral exam in the next month. i detailed information how that process works. we are attempting to be as aggressive as we can given constraints for when exams can be scheduled with core exams. we are making progress. we will look forward to giving you more information next month where we are. i am happy to take questions you might have. >> with regard to hiring do you anticipate you will be able too make offerers early new year. >> i hope so. >> so ideally we will be staffed up in the first quarter? >> i hope that is the case. any other questions from commissioners on this report? public comment? no public comment. ok

i know that maine has a pretty robust campaign finance, public finance system. vermont we have a law it's a tricky one because there is a lot of ways to get tripped up that make it difficult to actually take advantage of, but utilize i should say, but without public financing i think that's really one of the only ways to combat it. i think you bring up a great question because really when you look at so many of these fundamental issues around corporate polluters, around wages for working people, around healthcare costs as earlier callers before i was on the show were talking about, so much of what's getting decided is based on the decisions by politicians who are so beholden to massive corporate funds that they just can't represent every day people anymore. the issue you bring up goes across all the other issues and is critically important. >> kathleen in st. john'senv n john'senville, new york. >> first of call, i was disappointed that bernie sanders was turned down by the democratic party, but aside from that i have a question about how you tax property becaus

b, public finance for up coming issue. c sur public railroad have as. d, templates, e gsh ---surplus public surveys. d, templates. >> we have in our packet a proposed copy of a cover letter including individually a son reports and as per procedure, we usually send this packet, this reporting to the mayor and to the board of supervisors. in addition to this, and you haven't seen it in your packets, there will be a detailed annual report that's prepared by the controller's office, and that report is still in production. and miss stevens, can you tell us the timing of that because the plan i would like to propose is that when that report, which will be an appendix to this committee's report will be send as the package to the mayor and the board of supervisors. so could you comment and remind us a little bit of when that report is going to be completed to give us an idea of the timing when we can send it. >> sure. peg stevenson from the controller's office. i think our discussion is the annual report, the docs you have in your deck today can be submitted an

we have anna the director of office of public finance to answer any questions. >> thank you. >> good morning, supervisor, lisa chen, with the planning dent. if i could get the overhead. today's presentation will include a brief overview you have public benefits package and detail on the central soma special tax district to fund these benefits. as we mentioned we are joined from staff from office of public finance who have been instrumental in developing this and are available for questions. >> the items include two resolutions of intent. the first is to establish the special tax district including general categories of facilities and services to be funded abincludes a document to outline the specific method of applying the tax and form agreement that project sponsors would complete. the second establishes the city will incur indebtedness. these are first official actions to establish the special tax district. when approved they will be an additional board hearing which is to be scheduled. since the plan is such a complex interry lated set of legislation this is the table of contents.

it is public finances.k he also said any idea that there is a serious desire to eliminate the budget by mid—2020 is surely for the birds. i take it from that is that you believe the borrowing is therefore the only key component. am i right to conclude that? the story of the budget was at the very highest level. which was the 0br said there's 18 billion more money knocking around in five year's time and he would will take all of that and put it in the nhs and that was essentially what happened. he didn't say it was a bad thing considering the position the chancellor was in. it would have been quite difficult for us to provide the money for the nhs and for obvious political reasons, getting tax rises through. the political economy of this is given the lack of majority in the house, i think the economy will take the strain. the tax policy decision is basically a £5 billion giveaway. over the next two years. in the public spend policy is more like £90 billion spending increase. are you saying that is something

i said in the news at ten that the public finances were in a lot better shape than expected that borrowingwer. so we were showing what the good parts of the government's economic story was. but i think it is important for us to set out the risks, set out some of the criticisms. as economics editor, my opinion doesn't matter, but i do make judgments on what the data is telling us about how the economy is performing. what is interesting is unlike most science, where there is a consensus, economists often disagree or as in the 2008 crash, didn't seem to know what was going on, is it fair to say viewers are right to feel wary of the experts the bbc wheem on. it is important to understand what economics is and what a forecast is. it is a spread of possibilities and there is a central possibility, but there are outlying possibilities. it is not like a pure science, not like gravity, if you drop a ball it goes down. it doesn't mean the viewer should think i shouldn't listen to experts. these people look at how economies work and respond to interest rate rises. there are ideologies too in how they

the resulting cost to public finances could be up to 1.8% of gdp. if there ends up being no deal, the hit would be between 3.5% term,7% in the long ignoring short-term disruption. the budget would shrink between 1% and 3.1% of gdp. into account the small savings from not contributing to eu costs. the report looks at the consequences of additional trade barriers, a result of leaving the single market and a reduction of skilled and unskilled migration. these would lead to higher taxes and more public spending. the declaration on the future relationship is vague, meaning the results are uncertain. the u.k. government will publish its own economic analysis on wednesday. uber.s about uber european authoritities have find them after a data a breach.. >> they have find them a combined total of more than one million euros. the company failed users's personal information during a cyber attack. many were affected by >> to wrap up for business, a restaurant has hired new local workers. >> it is the first digital restaurant in the country. the waiter robot was

they have a great line there that says about public finances for universities and how the pressure to a choice between dying babies and evil fringe and you know put it beware that decision will go. interesting how that will hurt low income families. i received bursary when i could not work in my final year. i had to put into that photo gear and i cannot rely on a parent so it is worrying because that does help students get from week to week sometimes.” because that does help students get from week to week sometimes. i would not have been able to go to university had not been for the grant. i was lucky to have gone in those days. my brother was two use all their hate is what —— was one of the first and my family to go. we lived in the northeast, we all started going to university. it was quite fun at the same time. the option was there so do is.” quite fun at the same time. the option was there so do is. i think a lot of us would not have gone to university had we thought about this because a lot of our families said they do not want £9,000 a year hanging over you. going get a job. tha

been protesting in haiti's capital over the disappearance of billions of dollars linked to a public finance program the haiti senate investigation revealed that at least fourteen former government officials were volved in the misuse of three point eight billion dollars demonstrators are demanding to know where the funds went three people have been killed in an attack on the prayer hall of a minority religious sect in the northern indian state of punjab at least ten others were injured when two men on a motorbike threw a grenade into a group of near and carry worshippers fighting between the minority community and some members of the why this sikh faith has been going on since the early one nine hundred eighty s. crucial talks to ensure lanka's political deadlock have failed president my three parter city center chad an unsuccessful meeting of political leaders on sunday the term all began when he sacked his prime minister replaced him with former president mahinda rajapaksa parliament has since passed to no confidence motions against rajapaksa but he's refusing to go. and let's take you thr

been protesting in haiti's capital over the disappearance of billions of dollars linked to a public finance program the haiti senate investigation revealed at least fourteen former government officials were involved in the misuse of three point eight billion dollars demonstrators are demanding to know where the funds went the money came from an oil assistance program sponsored by venezuela. environmental battle in the balkans is heating up a group of women is determined to stop a project to construct twenty seven electric dance twenty seven hundred rather they say the downs will threaten the system in bosnia-herzegovina and destroy a major source of drinking water david chaytor reports from saudi over. the christie to the river runs through a mountain forest once a rich hunting ground outside serry a vote for the emperor of austria hungary a business cartels plans to build a small hydroelectric plant here though means these waters could soon run dry diverted into concrete pipes to drive turbines. the women of the village of christie are the only thing standing in their way the project would

thatoil prices coming off, pressure will not happen on public finances.nt decimate about 3% plus, with oil prices coming down, that pressure is likely to come down. it will not look as bad as it did a few months ago. , bondpee is rallying markets and stock markets as well, so we might see some foreign inflows come in that help the rupee and current --ount under a fair bit of yvonne: thank you. we are counting down to the opening of the session in india. let's get to our reporter standing by also in mumbai. we were talking about the tailwinds. what else are you watching today? start off with the nifty futures indicating a positive start. open inifty and sensex the green, it will be the fourth straight day. sectors and stocks in focus coming down to the non-thinking lenders. the rbi has ease rules for non-banking members and relax its previous minimum holding requirements, which could have impact on the larger names. we have tata motors. jaguar land rover has production in the u.k. in order to adjust for output. the rupee advanced against the at. dollar to

in this case, the office of public finance and the city established a fiscal consultant pool on march also a san francisco l.b.e. and s.b.e. next slide shows not to exceed budget. parts of this are locked. first item 45,000 reflects $2500 for each report, six reports three years. the next one, $7500 is an allowance for an additional report if a new credit should emerge we would have to do an additional report. that would cover three years. that's contingent. we don't know that would happen. the third category is a broad category of bond-related tax analysis. this covers three years and rather not have to come back and if they w we need to respond quickly we need to have an expert. contract runs through december 21, 2021. the reason for that ending is our annual reports are due in december. it makes sense to end it there. with that, i will conclude and ask for any questions. >> thank you. madam secretary, do we have any speaker cards? >> no speaker cards. >> chair mondejar: i will close public comment and turn to fellow commissioners for questions. commissioner singh. >> president sing

the constraints of the supreme court legal framework, we can have public financing of elections. can have it matched by government contributions as is done in new york city. it will not solve the problem so long as citizens united exists and we cannot control outside spending. that decision, which would have been overturned, is likely to be entrenched for at least 30 years, absent some unforeseeable developments. it would have to be a constitutional amendment to overturn the decision for which there is support. these issues are unlike the idea of myths. this is transparent to everyone in america, 90% of americans support significant campaign-finance reform. the only debate among americans is between whether it should be changed or rebuilt. change,46% favor rebuilt. i'm not sure which is more complete. it is a close call. but it is are there the impediment to campaign finance reform is the same as any other impediment to policy reform which is the money-politics system is self. -- itself. ched in the supreme court decisions that reflect the corporate fundamentalist ideology. i am

public financing of campaigns. he paid a $375,000 penalty for fines.ook at the wealthiest 20 counties in the united states, 15 of the 20 are democratic. the great wealth in this country is no longer mining or agriculture or steel. it's high-tech and media and high finance. apple and google and amazon. bloomberg, facebook. that's why we have a billion dollars coming to this race. i'll just end by thinking -- it's not always logical how you spend that money when you have so much of it. some is sloppy on their part. they feel ted cruz is public enemy number one and nunes is public enemy number two. and they are pouring $75 million into a senate race they probably won't win. they had two minutes of hate and not distributing the fund. it's like the end are so justified. that they're so noble, redistribution, that any means necessary to obtain them are considered okay. >> laura: weigh in on the race baiting we started the show with tonight. in arizona. immigration. 40% of all illegal drugs come in through arizona. it's a really important state. but the race

court citizen's united ruling by demanding more disclosure of outside money while establishing a public financing donor contributions. it would expand ethics laws to hold presidents accountable on conflicts of interest while expanding the anti-bribery law and requiring presidential candidates to make their tax rush ru returns public. >>> meanwhile the georgia governor's race is still being disputed nearly a week after voting ended. last night a federal judge in atlanta ordered a delay in the certification of results citing concerns about the state's voter registration system and the handling of absentee ballots. democrat stacey abrams is within 21,000 votes of forcing a runoff with republican brian kemp, who has declared victory. georgia's secretary of state told officials to count absentee ballots even if they lack a voter's date of birth as long as voter's identity can be verified. >>> let's talk about florida for a moment. florida has become critical in so many of our national elections. the senate race there looks to be heading toward a manual recount. what can we expect? >> if this manual re

i would suggest thatis public finances.g in the in between elements, staying in the eua and so on we don't have confirmed figures on this but they are suggesting that if we went for the norway model we would only have a 1.4% drop in gdp. that is less than mrs may's deal. but that will have to be confirmed. in simple terms, if mrs may get this deal through the commons over 15 years of the economy will be smaller byjust under4% and the economy will be smaller byjust under 4% and that will have an impact on tax revenue, public services, growth and so on. in the immediate term i would suggest it has an impact on mrs may's ability to sell the deal because the core narrative has been that her deal is a compromise that will protect jobs and business and the economy. the government analysis which is just that protection will still mean what looks like a fairly sizeable hit to the economy over 15 years. there is a lot of room for error because it's a lot of room for error because it's a long—term projection but based on this analysi

i said in the news at ten that the public finances were in a lot better shape than expected that borrowingut some of the criticisms. as economics editor, my opinion doesn't matter, but i do make judgments on what the data is telling us about how the economy is performing. what is interesting is unlike most science, where there is a consensus, economists often disagree or as in the 2008 crash, didn't seem to know what was going on, is it fair to say viewers are right to feel wary of the experts the bbc wheem on. it is important to understand what economics is and what a forecast is. it is a spread of possibilities and there is a central possibility, but there are outlying possibilities. it is not like a pure science, not like gravity, if you drop a ball it goes down. it doesn't mean the viewer should think i shouldn't listen to experts. these people look at how economies work and respond to interest rate rises. there are ideologies too in how they approach economics? there could be political effects on how some people approach it. that is now how we approach the facts and figures. we look a

been protesting in haiti's capital over the disappearance of billions of dollars linked to a public finance program i hate the senate investigation revealed that at least fourteen former government officials were involved in the misuse of three point eight billion dollars demonstrators are demanding to know where the funds went on the came from an oil assistance programs concert by venezuela. crucial talks to ensure lanka's political deadlock have failed frezza and may through a palace city center chaired an unsuccessful meeting of political leaders on sunday turmoil began when he sacked his prime minister and replaced him with former president mahinda rajapaksa parliament has since passed to no confidence motions against rajapaksa but he's still refusing to go. politician in central african republic has to face war crimes charges at the international criminal court alfred the actor tom also known as rambo was the senior leader within the mostly christian . it's pfizer's attack the muslim salak arrivals who seems power in two thousand and thirteen rob matheson reports. nearly twelve months

public utility. and the same, by the way, with finance. if you look at what banks actually do, the era after roosevelt finally regulated them, banks in effect were one step away from public utilities. they were -- they might as well have been public utilities and savings & loans as well. they were regulated in terms of conflict of interests and interests they could charge and interests they could pay, and there were no bank failures in that era. so i think, yes, on the one hand we need to think very hard about making markets as honorable, open and efficient as they could possibly be but we need to think hard about shrinking the market realm all together to -- both because they're more efficient in their own right and because they teach an ideological lesson, that the things that we do as citizens via democratic government are not only more equitable but more efficient than things that we entrust to markets. of course, the other tremendous element of this is corruption. we now have private sector corruption and public sector corruption feedi

similarly, in terms of the impact on public spending and finances, the government analysis said it mightyear. taxes would have to 9° up billion a year. taxes would have to 9° up by billion a year. taxes would have to go up by £24 billion, or spending would have to be cut by £24 billion, the equivalent of theresa may's entire promised for the nhs. that would be the rough consequence of theresa may's deal for the economy —— promise. that's in line with the consensus of independent economists. what both the cost government analysis and our analysis and the bank of england said is that might be bad, but no deal would be much worse “— be bad, but no deal would be much worse —— cross government. that again is most certainly correct. in terms of how this feeds into that decision on december the 11th, what do you think will happen in terms of those who are going to make that call on december the 11th, members of parliament? will this information that's been released by the treasury, by the bank of england, today on security, cause them to rethink how they were going to vote? i think what both th

revolving doors we have multi-stakeholder ism we have public private partnerships all of these are the same thing the influence of corporate finance in public policy making a mess we can remove corporate money the millions and millions these corporations are spending a lot b. the people that should be regulating them if the people who should be regulating them two years from now go to work for these companies then we have a real problem here we need to understand that there are bad actors we need to combat institutional corruption so that we can regulate them and we need to fund the alternatives the ethical terms of gillian is regulation the answer and what i was talking there about political lobbying how do you legislate for that. as i said before and i think that regulation can be a double edged sword and i'm i'm no expert on the legislation and i think right now as well in the united states i don't see any real hope for regulation at least under this administration but i do want to make another point here which is that you know there is an option for shareholder pressure and unfortunately facebook is in a particularly unique si

we got to get rid of citizens united, we got to have real campaign-finance reform in this country, we got to move to a system of public and small-dollar financing. >> bernie was incredibly outspoken in 2015 and 2016 on trade. in 2015, he said there wasn't a single international trade deal that he supported. in fact, he succeeded in getting hillary clinton to disassociate herself from the trans-pacific partnership and really pulled the party to the left against trade, and he's been relatively silent since it was -- >> so, it's not about being against trade. it is being -- you know, and donald trump likes to put this as, like, in a frame of nationalism, right? like, "oh, it's the evil chinese or the evil mexicans or the evil canadians versus the u.s. but, really, what the problem is, as you know, is that capital from america -- it's american companies making their products in china, right? they're using chinese labor and chinese infrastructure, but it's an american company. so it's not about chinese goods coming to the u.s., chinese-owned goods. they're american goods that used to be made here. so, why are american comp

we're post—brexit from the position recovered strength. 0ur public finances are in the healthiest stateare of the economy falling. businesses have continued to show their confidence in the british economy. last month amazon announced it will be opening a new office in manchester and the plans to create 1000 and the jobs across the country. rolls—royce and 9200 new jobs at their head office and manufacturing plant at goodwood. british firms won contracts worth £1 billion to support royal navy ships. in september i visited a zero emissions vehicle summit where industry and lower £500 million of investment, creating 1000 jobs across the country. and today the company announced before the £90 million investment in a new data centre to serve as growing demand for digitalfinancial centre to serve as growing demand for digital financial services in the city of london, bringing the total uk investment up to £295 million this financial year. the most striking the economic success story of the last few years has been thejobs medical, story of the last few years has been the jobs medical, sound st

it is interesting times as you are having the summit here and public new guinea. financeinisters got together, they put out in 1800 word communique and trade was mentioned just once. surely trade will be on the top of leaders minds today. >> it has benefited so much from very strong trade. every economy says they want more of it. there is some disagreement about the rules of trade and conditions for trade. we have had a lot of discussion. trade ministers and foreign ministers meeting. you can be sure they will be talking about trade a lot. >> what kind of trade discussions have you seen? >> we have always been working on getting rid of order barriers. the red tape and regulatory issues. of workontinuing a lot going on behind the borders. across the borders with supply chains. now, we have seen with regard to ,.s. and china tariffs going up that causes concern around the table. >> is that dispute between china and the u.s. going to overshadow the smaller concerns of the other nations? no, it doesn't dominate because the other economies will not let it dominate. they are co

the bill will include the creation of a small donor public financing system for congressional elections, the restoration of the voting rights act nationwide automatic voter registration, nonpartisan voting register -- redistricting reforms. you talked about the campaign donation side of that. what about the voting rights? why does that need to be restored? package tos a larger fight corruption and restore , toidence in our government make people feel like we have clean and fair elections. the reality is there are a lot of problems with elections. it is too hard for people to vote. people don't know who is spending money and on whose behalf. that is one big passage they are trying to address. equally important is strengthening antibribery laws and making sure that politicians are held more accountable when they break public trust as well as actually giving average citizens more of a say in our democracy. right now there is an overwhelming sense that large wealthy donors and corporations have much more of a voice in our democracy because of the amount of money they can spend. things thism

that it wasn't meant to be doing, and i am very determined we stay committed to reducing our public financesn't it? we will be talking more about wrecks it a little later. guess what we have got coming up. someone who is flexible, who is successful, and who is in the studio. it is not matt, it is max whitlock. he is coming up on the sofa later on with a taster. time now to get the news, travel and weather where you are. good morning from bbc london news, i'm victoria hollins. today marks two years since the croydon tram crash, in which seven people lost their lives. an accident report listed 15 recommendations to improve safety on the tram network, including systems to detect when the driver might be falling asleep. transport for london is yet to fully implement them all, but says it is making progress. we've started work on every single one of the recommendations, and completed many of them. some of the ones that still remain to be completed are more complex. they involve changing the control systems and the safety systems on—board our trams, and we want to make sure they're absolutely righ

know the democrats and the american public has always been interested not only in public's individual personal financese of his business interests, his business entities, and even the trump foundation that recently suffered a blow in court in terms of being the subject of a laws that's been brought by the state attorney general in new york. but the money laundering allegations that schiff is talking about will allow subpoenas and the power of the subpoena to be able to be used to be able to dig deeper into what trump's relationship has been with russian entities, russian business mmen that may may not have been the subject of international investigation as well as the entree into the domestic campaigns. it has been alluded to previously but i don't think ever verbally announced until schiff decided that is a particular investigation that needs to be focused upon. again, it's the power of the subpoena. it's the idea that democrats now taking power not only in the house intel committee but the house judicial committee with jer jerry nather, they're going to be able to force them to come to light. >> ben,

happening in the world in 1970s and 1980s that by the 1990s the kind of fantasy notions of public policy, economics and finance that i was just describing, the notions that -- the notion that there was something called the market independent of public life. the notion that markets are the best way of allocating resources in every circumstance. these notions had become as totally widespread as the new deal ideas in the 1960s and 1970's but the events of 2008 -- 2007, 2008 the financial crisis and the subsequent economic crisis revealed that truly the emperor -- the emperor of market fundamentalism had no clothes. it was not true. markets were not efficient. markets were not independent of government. the most quote market friendly institutions, the united states' major financial institutions were completely dependent on government for their very survival. what this history should teach us is not that -- is not that there is something called a market and we need -- whether it's a financial market or a labor market. and the task of policymakers is to clean up the mess associated with the edges of it. that's the w

of kind of money pronation if you like it's a mistake to see that the idea purely as a public space is co financed by private investors a big chunk of the idea of the two restaurants this so-called seven star hotel which is being opened in the in the corner of that idea real privately owned a lot of a lot of the operations in the park are running commercially so it's not it's not appealed the public space it's not the purely public space but there still are many are quality time a platoon. it is they are totally free of charge for a for the visitors and for for you know for the gas and for what i know more than ten million people visited that park since two thousand and seventeen so that's kind of shows you that you know the kind of inequality income inequality you talked about before i don't think it's. a very much demonstrated in the in that end is intended it is or it is people do like that idea and people from different walks of life a lot of people young people who do go to the park and enjoy it however and this is fantastic there's no denying that this is it is an extraordinary achievement b