one of the amendments would include the rainy day reserve in the place of the state revenue loss reservether would be as supervisor kim has suggested. is that correct? >> supervisor wiener: no. the the motion would be to duplicate the file and then to eliminate the state reserve money from one version of the file, and to remove the peef money from the other version of the file and nothing with respect to the rainy day fund. just voting then on two separate sources. does that make sense? >> president chiu: supervisor wiener has -- >> can i ask a point of clarification. i thought supervisor wiener was suggesting that we divide the question? >> president chiu: i think that's initially what he stated but now you're withdrawing that suggestion. >> supervisor wiener: i'm asking to duplicate the file and send separately to the mayor. it seems the peever money is not controversial and i would want to give money to the school district as quickly as possible so that's my intent. >> do we take a vote on this motion to duplicate then? >> president chiu: as i just discussed with madam clerk, it's not

howard, pulling it from state reserves, we have 15 million from state reserves right now budgeted, and we're going to take some money from that according to this amendment. question is, from your point of view, from the mayor's staff and from budget office, what are we anticipating for, you know, state cuts, that we haven't seen yet? if it's less than 15 million we should talk about it. if it's more than that then i don't understand why we're doing this. >> thanks, supervisor. kate howard, mayor's budget director. so you're correct, we have allocated $15 million this year for state budget impacts. we expect to go forward, and i think i've talked to many of you previously about a state supplemental in the early part of the next year, covering childcare cuts, healthcare cuts, as well as other mostly in human services agency. that's in the neighborhood of $8 million. i think the bigger question for us, in terms of what are the draws on that, what other draws might be on that, are what's the impact of the federal sequester and the fiscal cliff. so we're certainly hopeful that the federal g

would be on reserve at the budget committee. so, we would come back rather than on quarterly reports, we would just come back for expenditure of funds in excess of $100,000. that we agree is probably the simplest mechanism to put in place for all concerned, give you guys the authority to control it. make it administratively easy for us to do that. >> thank you. to the budget analyst, in terms of the 100,000, remind me why there is the threshold recommended at 100,000. >> we recommended that threshold to be consistent with the grant approval, accept and extend threshold. >> okay. so, colleagues, we have with recommended change and i'll read that into the record. so, let's see. on page 1 lines 9 and 10, which is consistent with the version that you have before you, the language should have "and placing various mitigation funds on reserve with the board of supervisors." and we would not have the controller. it would just be the board of supervisors. then on page 3 lines 16 and 17, we should add item number 10, that should read the

i reserve. before i reserve, i would ask unanimous consent to introduce into the record a piece written by former chairman howard berman and myself on foreign aid. the speaker pro tempore: without objection. the gentleman reserves. the gentlelady is recognized. ms. ros-lehtinen: i yield to the gentleman from texas, judge poe, a member of our foreign affairs committee and author of this bill. the speaker pro tempore: the gentleman from texas is recognized. mr. poe: i appreciate the chair woman for yielding time. i want to thank ms. ros-lehtinen, and especially ranking member berman, and the house leadership for getting this bill to the house floor and also mr. connelly for his -- mr. connolly for his support. this is a simple bipartisan bill. we have equal number of republicans and democrats as co-sponsors on this legislation. last year, the house foreign affairs committee passed this bill unanimously as an amendment to the state authorization bill. this bill does two things. it increases monitor

either board reserve or controller reserve. and while these documents can be very voluminous in terms of what is before you, here's a summary of -- a list of the item that are in your packet. happy to talk to you about any of these, but these are all standard documents. the only slight difference with this sale versus others that we've had is you'll actually see two preliminary official statements in your packet which means we have actually two sales that we're planning, one in january and one again in february. so, those two documents will actually be revised and updated as we get closer to the sales. and, of course, i'd be happy to answer your questions. >> thank you very much. and just to be clear, out of the -- in the whole transaction that we're seeing today, 250 of that is actually refunding bonds. and, so, that's not issuing new money. that's really borrowing money to take out old debt. so, in that way we're able to generate more 67c.103ings because we're refinancing pretty much at a lower interest rate from 4% to 2%, co

and the federal reserve's big move. andhatoong fiscal cliff, we'll have an update on that tomorrow. >> susie: investors were on fed-watch, tom, and it was very interesting watching the blue chip dow average as ben bernanke was giving his press conference. the dow got as high at 80 points, and the more he talked about the fiscal cliff and other issues facing the economy, it went down, down, down, closing down three points. >> tom: any of the enthusiasm that came out when the federal reserve announced it was going to continue to buy bonds slowly deflated throughout the afternoon, the longer the chairman tended to speak. there was less enthusiasm abo what the federal rerve is doing. maybe less concern about why the federal reserve is doing it. let's go ahead and take a look at our "market focus." the major stock indices couldn't hold on to their midday gains as the federal reserve's efforts to stimulate the economy couldn't keep buyers enthusiastic. volume was moderate-- 693 million shares on the nasdaq. under 1.8 billion

gowdy: i continue to reserve and reserve the right to perhaps finish at the end. mr. scott: thank you, mr. speaker, i apologize. i was not aware i had additional speakers. i yield such time as he may consume to the former chair of the judiciary committee, the ranking member from michigan, mr. conyers. the speaker pro tempore: how much time does the gentleman -- mr. scott: such time as he may consume. the speaker pro tempore: the gentleman is recognized. mr. conyers: thank you, madam speaker. i am quick to thank the former chairman of the subcommittee on crime, bobby scott of virginia, and of course mr. trey gowdy of south carolina for his very great contribution to h.r. 2076. an amendment that the house originally passed on -- in 2011 by a vote of 358-9. h.r. 2076 gives the attorney general and secretary of homeland security the specific statutory authority to respond to requests from state and local law enforcement agencies for assistance in the investigation of violent acts and shootings occurring in public places and in the investigations of mass killings and attem

it was jeff bryce from reservation neck us in salem, utah. his company make once of the top systems for online booking. >> erica, i want to introduce you to jeff bryce of resnexus. he does reservations for inns just like this. >> erica, good to meet you. >> good to meet you, jeff. >> we'll match up your reservation page to our website and showcase your experience and allow get guests to book right on line. >> it sounds great. >> what's your thoughts? fears, changing over? >> i'm a little nervous sfloo what are the timelines? >> i can see you cutting that time in half initially and then over time the majority of that time spent will be spent in other areas. >> that sounds like a vacation maybe. >> yeah, it sure does. >> online booking has pretty much become the industry's standard and care says without it she's sure she's lost out on a lot of reservations. >> the footsteps i wanted to hear. >> denise, owner of the s-3 agency in new jersey offered to redo ericka's website incorporating all these new elements. >> this really has more of a modern

does the gentleman from michigan continue to reserve? mr. rogers: i continue to reserve. the speaker pro tempore: the the gentleman from new jersey. mr. pallone: i have no additional speakers. so i would just urge passage of the legislation and yield back the balance of my time. the speaker pro tempore: the gentleman yields back the balance of his time. the gentleman from michigan. mr. rogers: thank you, madam speaker. as many things keep me awake at night as the chairman of the house permanent select committee on intelligence, the growing threat from chemical, biological, radiological, and nuclear attacks not only abroad but here is of growing concern, instability in governments that possess these materials and increasing interest from those who would choose to do harm to the united states, desire to get their hands on these materials, means that we must prepare ourselves here at home for the unfortunate, i think unlikely, certainly in the short-term but possible position of being attacked with these disturbing weapons systems. this is that important step to protect amer

i do think it is varies from bank to bank from reserve bank to reserve bank but there can be a certain conformity of opinion you're not likely to get as many austrian economists who are opposed to the idea of central banking if you're working for the central bloc clearly though it's clearly no leverage but there they are out there but few in but as you say few and far between right so then the one question if you want to end on that is if there is kind of this groupthink within the federal reserve what kind of relevant conversations about central banking or federal reserve policies or disagreements of federal reserve policies are not being heard or are not getting through that maybe are in other countries that you and i was thinking about before the show you say canada these conversations are going on well if there is i think an active discussion in canada even to a certain extent in the u.k. and i think you know here in the us i think part of the issue is. for many years we those who might be looking to who have legitimate criticisms of existing policy who start talking about commodit

i'll continue to reserve. the speaker pro tempore: the gentleman continues to reserve. the gentleman from california is recognized. mr. miller: with that i recognize congresswoman bass from california, the author of this -- one of the authors of this legislation, and again thank her for her advocacy on behalf of foster children and foster families. the speaker pro tempore: for how long? mr. miller: five minutes. the speaker pro tempore: the gentlelady from california is recognized. ms. bass: thank you. mr. speaker, i rise today in strong support of senate bill 3472, the uninterrupted scholars act, a bill that will help foster children achieve educational success. first i want to thank chairman kline and ranking member miller for their support of this bill and their ongoing dedication toimproving outcomes for foster youth throughout the nation. i would also like to extends my sincere appreciation and respect to senator land rue. i am proud to work alongside the senator who is a tireless advocate for foster youth and families both domestic and worldwide. throughout 2012,

you stay on this side of the reservation. only reason you're ramrodding this drive is to pick up that stuff for me at abilene. now get the cows on the trail. move 'em! - let's go. [cattle lowing] [swelling romantic music] ♪ ramirez. go get that crazy steer back into the herd. [exciting music] ♪ [steer bawls] - hey, that's kilgore's stock. you better get your rope off of him. - i caught him to give us a chance to talk, ramirez. you said to call on you any time i needed a favor. - you after somebody around here? - i'm after information. can't tell yet whether i'll find it here or on the trail with the kilgore herd. - well, if there's any trouble, it'll be cassidy who starts it. when he ain't pulling somebody around, he ain't livin'.

government has been racking up that exorbitant privilege of course is the issue issuing the global reserve currency the u.s. dollar and despite the downgrade and more fed money printing the dollar has held up relative to other currencies this is given rise to endless metaphors the cleanest dirty shirt the best horse at the glue factory you name it all in the global context of the eurozone crisis and concerns about a hard landing in china and now someone who has made a career out of examining monetary history is here to help us make sense of this he's very eichengreen professor of economics at u.c. berkeley and author of this book exorbitant privilege the rise and fall of the dollar and the future of the international monetary system so professor i can green thanks so much for being on the show so happy to have you. good to be here it's great to have you so let's start with this focus on the fiscal cliff because as i said up you know sitting here in washington it's very much framed as a domestic debate but it is reverberate around the world you know people across the world read these headli

the world you know people across the world read these headlines so for other countries sitting on reserves of u.s. dollar depending on the u.s. saw great faith to back the global want to terry system what is the perception. well formed some banks and governments clearly are watching closely but i think everybody needs to grow a distinction between what might happen on january first to the dollar and what could happen in the long run i remind you that when we have the debt ceiling imbroglio in august of two thousand and eleven the dollar actually strengthened when lehman brothers failed in september two thousand and eight the dollar actually strengthened its safe haven currency and when there is a crisis even if we cause it ourselves in the united states there tends to be flying toward the dollar rather than away and that could happen again at the beginning of next year if indeed we go off the fiscal cliff in the longer run. all that it's chaos surrounding u.s. fiscal policy and questions about whether we can get our house in order. that's not going to be good for the dollar. looking out ov

i reserve my time. the speaker pro tempore: the gentleman from texas reserves the time. the gentlelady from new york. ms. slaughter: mr. speaker, i'm pleased to yield three minutes to the gentleman from south carolina, the assistant democrat leader, mr. clyburn. the speaker pro tempore: the gentleman from south carolina is recognized for three minutes. mr. clyburn: thank you, mr. speaker. i request permission to revise and extend. the speaker pro tempore: without objection. mr. clyburn: i thank the gentlelady for yielding me this time. mr. speaker, when the so-called supercommittee failed last year to overcome the obstruction of the tea party republicans and their leader, grover norquist, to achieve a fair and balanced plan for deficit reduction, economic growth, and job creation it would take a decisive national election to settle the matter. i believe president obama's victory on november 6 was very decisive and pretty definitive. during the campaign president obama very clearly laid out his vision an

is the reserve currency it does have some different things going on here well there is a market economy is our nation's follows cycles they they are they are creatures that follow cycles and when we are in the middle of a of a boom cycle the u.s. enjoys a cult of two hundred year boom but it's still a cycle and so we aren't equipped or accustomed to dealing or doing ourselves as part of a cycle just any more than a twenty year old is used to think in terms of ok well at eighty i'm going to die or whatever you know they don't think that way we think well we're always going to twenty we're always going to strong we're always going to great now and we're not and we're already in decline in my opinion. one thing that joe mentioned about about argentina when you have a country like argentina where the government. checks off the what not to do list the population the populace many of them anyway are it our understand the what to do list or how to prepare for these serial crises that come through every every ten or twenty years here in the u.s. you know who's prepared that's a great point peop

you can also write us at permits and reservations. or walking in and say hello at old log cabin, golden gate park. and of course you can find more information at sfrecpark.org. >> hello, i am with the san francisco parks department serious we are featuring some wonderful locations in your and very own backyard. this is your chance to find your heart in san francisco with someone special. we are here at the lovely and historic palace of fine arts, located in the bustling marina district. originally built for the 1950's exposition, the palace is situated along san francisco's waterfront. it is ada accessible and is reached by the 28, 30, and 91 bus lines. with its rotunda, columns, uncut the reflecting waters against the eucalyptus trees, it is one of the most romantic settings for special dates, and memorable proposals. it is also a perfect spot where you can relax with that special someone while listening to the water and fountain in the lagoon. beautiful to view from many locations, and inside is an ideal place to walk around with yo

they're stricter around the reservations these days. be sure to report to the indian agent in charge there. me see him first thing. ♪ you last passed this way. yes it has. thank you. where's tonto? he went to see his friend, chief swift eagle. on the washita reservation. the washita? why, yes. something wrong, father? i hope he doesn't meet with trouble. trouble? what kind of trouble? the army has issued orders, that any indians found of their reservations, south of the simonon river, are known as renegades. renegades? yes. and they are to be exiled to the florida everglades. why those disease infested swamps would kill a northern indian in less then a week. i know. why, father? what's the reason behind it all? oh, inspector! here's someone who can tell you about it. good morning, father. this is inspector williams from the department of indian affairs. uh, what, uh... don't let the mask cause you any concern, inspector. this is the lone ranger. the lone ranger. say, i have heard a lot about you. glad to meet you, inspector. father baut

reservations for weddings are available at sfrecpark.org.iscarding contains plants referred to by william shakespeare's plays and poems. welcome to the shakespeare garden here in the famous golden gate park. located near the museum and the california academy of sciences, the garden was designed by the california spring blossom and wildfilower association. here is a truly enchanting and tranquil garden along a path behind a charming gate. this garden is the spot to woo your date. stroll around and appreciate its unique setting. the gorgeous brick walkway and a brick wall, the stone benches, the rustic sundial. chaired the part -- share the bard's word hundred famous verses from a shakespearean plays. this is a gem to share with someone special. pack a picnic, find a bench, and enjoy the sunshine, and let the whimsical words of william shakespeare and floats you and your loved one away. this is one of the most popular wedding locations and is available for reservations. take a bus and have no parking worries. shakespeares' garden is ada access

did you catch that yeah she's talking about this maple syrup reserves of course it is strategic reserves of maple syrup well they do you want to know why because this actually is a legit cartel so can it actually does control most of the market for maple syrup so in order to influence the price so that it doesn't get too low they actually hoard the syrup that gets it to the price that they would want to be and so it's a cartel and from within like eighty million dollars worth of. would be the knowledge of like a an energy crisis in the u.s. where like you make the top the strategic reserves yes well yes i don't like what you have a spike in maple syrup again aren't going to understand. what they're worried about is that the prices would be too low so the producers couldn't get as much money for maple syrup that they would want to get what is the strategic reserve there so they have a supply to throw into the market in the event of a price spike i think it's perhaps but what from what i was reading it was seeming like more they were storing more of it there when there was a glut of it so