i am a san francisco resident and i am a business partner as at the san francisco based investment banking firm. >> are you saying that you are part owner? >> not of the bar but i am a business partner of two of the principles. >> unrelated trade you have no financial interest? >> i have no financial interest. we're the co-founders of the san francisco-based investment banking firm. i have also known gene kiernan. i would like to testify to their character. they worked as stellar members of the business community in san francisco for many years and specifically in the highly regulated environment of investment banking which -- where they demonstrated an ability to stay within the confines of that highly regulated industry. equally as important is the genesis of tupelo as i have witnessed was to go out and create a reputable and respectable establishment that was a positive addition to the north beach area and music was at the center of its fame. a key part of that concept in the business plan was to provide a venue to showcase local talent. i am sure that the three of them as i saw them pu

or not, that corporation could potentially win out over an employer that is not necessarily san francisco-based not considered a local business, but could be right across the bay in oakland, which is employing regional employees and perhaps san francisco residents. i am not sure that we would valley that b corporation status as a benefit to the city as i would accompany partner at is employing san francisco residents. that is where i am fundamentally grasping on whether or not this is a good idea. if there is a way to tighten the legislation to do that, where the benefit does confer to san francisco, i would be much more open to it. right now, i do not see how it is we are making sure that we are delivering an economic benefit to a company, wherever they might be located, and that there is a benefit back to san francisco. i do not see a benefit. >> we have certainly thought about how we end up certify these benefit corporations and how we think about verifying the benefits they are providing. as the director can attest to, it is a very challenging the administrative process to go through this.

san francisco is going to get approximately $9.5 million out of this grant based on a formula that considers a risky and threat in san francisco, based on our population and population and density and likely targets. this will fund one new civilian 1824 analyst at the police department. their responsibilities will be to purchase and maintain equipment, perform threat analysis, identify gaps in the police department did abilities, and manage various common security projects. i was asked to provide information about some of the other grants. this entire regional grant funds approximately 65 positions all over the bay area at the denver public safety agencies. slightly less than half of those are in san francisco to their positions at police, fire, sheriff, and the department of emergency management, as well as staff that to the management and administration at the bay area uasi. the balance of the positions are a public safety agencies at the places i mentioned earlier. these positions write an update emergency plans to manage regional training and exercises, and fiscal and brand management an

there are a bank that is based in san francisco. the federal reserve last july had penalized wells fargo at $85 million. other banks have not received such a penalty before around the foreclosure crisis. that was the reason for wanting to include wells fargo in the release. i think it makes a stronger statement. >> colleagues, can i say that i am supportive of the process of the drafting of the resolution? i understand the sentiments. and being even-handed against all banks instead of singling out one that is are locally based bank. i will be supporting the process of the original language. can we call a roll call on the motion? >> i am not in -- critical of the inclusion of the language. i understand that i am not trying to excuse or lessen wells fargo's role or any other bank. >> can we have a roll call? >> on the motion to amend, supervisor cohen. >> aye. >> aye. >> no. >> mr. chair, we have two ayes and one no. >> the resolution passes. >> i would like to move forward with a positive recommendation. thank you. thank you so much,

san francisco's district 10. we will be hiring from just about all of our citiey's community-based programs. this project will help small businesses that are certified, who will then hire san francisco residence. these employees will then spend their money and support other the san francisco local businesses. they will also pay san francisco city business taxes. the employees will pay local taxes and patronize these local businesses. i would like to see the cpmc project start asap to of the revitalization process of the city and county of san francisco. i encourage the board to say yes to these projects because, as a resident and business owner, i say yes and my company strongly supports the for progress of all of the cpmc projects in the city and county of san francisco. thank you very much. >> thank you. [calling names] >> hello. >> can you speak right into the microphone? >> ok. hello. thank you for having me here today. i am a nurse at cpmc and i've had the privilege of working for two different campuses. on behalf of the nurses, we support the rebuilding of cpmc because we need this spac

we have to depend upon our own, san francisco-based companies to grow our economies. the years passed, we waited for state and federal funds, no longer there. president obama stated we are not into your marks anymore. he and congress are cutting a lot of that off. jerry brown, every time i see him, it is like, what else are you going to cut? if he does not get his way, there is going to be even more hurt. we are no longer dependent upon those streams of revenue. we have to create our own. i only know one way. have a solid relationship with the businesses who want to grow, employee, helped make the city successful. that is how we are going to do it. where wanted do it on your own, but we are going to do it with your innovation. i want to invite you, on a number of levels, as part of this relationship, we have problems in our city to solve. i cannot solve them with just city government employees. i think the way we are starting to think, we will get you into helpless to some hack-a-thons, think about how to get muni better operating. even the affordable housing debate w

it will have original shops and san francisco-based cafes along the lines of the ferry building and what has been done so spectacularly there. we have the refurbish building here that we refer to as pier 48. our partner specializes in these urban, a mixed use projects. we have been working on this project for several years. we have a timeline that suggests

and their share of total gross receipts is likely to go down as a san francisco-based company. take the san mateo company that is doing the same thing. they have enough deliveries into san francisco that they have a nexus so that we can tax them. right now, there would be paying a small amount because a small amount of their payroll is happening in their series if they are delivering into the city, there would be apportioning a bigger share of things in. by introducing an apportionment for the sale of tangible property, it allows us to pick up san francisco's value in the market for businesses that are not physically based here. it also allows businesses that are based here to have more of a market outside the city to offload some of that tax burden. it is going to affect -- it is going to introduce a kind of burden-sharing that we do not have now. if you are a business just shipping things into san francisco and you do not have -- i mean in a box, not an employee driving a truck, and you do not have any physical presence, we still cannot tax you. that is an outside business we

where crimes have been committed, people will go to jail >> san francisco based gsa executive eric neelyis at the steps it center of the scandal. he invoked his fifth amendment rights. the investigator general is also investigating reports of kickbacks and bribery >> discovery is on the ground for good. it piggyback its way into virginia today on top of a modified jumbo jet. it took a few spins above the nation's capital and many people brought their children to witness the final flight >> the amazing space program and how inspiring it is and i wanted to experience that while there was still a chance >> it is a really big day with lots of history being made >> the shuttle will become the newest icon at the national air and space museum >> spectacular images show a solar flare shooting out of the sun. nasa released these pictures of the eruption. chars particles and superheated plasma sought millions of miles into space. >> it has been nice to see the sun for the past couple of days. >> we will see a lot more sun but it comes at a price because allergies. we have the pullen report coming

. >>> employees from san francisco base here in the nasdaq opening bell. more than doubled on their first day of training. it will take about $35 a share. nasdaq had to stop training for a time and trained for five- minute window that helps companies analyze data, so far it has turned to profit. >>> a company opened a new store at the bay area and ahead in just ten minutes the offer that drew lots of people there before the doors ever even opened. >>> silicon valley devices is forecasting increased revenues for the second quarter. amp stock is up 44%. the company estimates second quart revenues mates second quarter revenue will be up 3% meeting analyst expectation and higher after hours training. >>> some uninspiring unemployment numbers along with revenue warning from network giant -- the dow industrial dropped 58 and closed below 13,000. the nasdaq lost the. a new report out tonight by bay area home prices are down slightly and sales increased. according to real estate tracking -- 7700 new and existing homes and condos last month here. that's up 9% from

san francisco based data analysis company opened at $17 per share today and more than doubled by the close. it is just the latest in a string of ipos in the bay area and the ripple effect has benefited more than just the people who work for those companies. >> that is a funny question to ask >> no >> the bay area is the initial public offering capital of the nation these days and hundreds of people have become millionaires but you don't need to be a hotshot to perceive the fax. >> we do see the tech jobs generating but also >> to san francisco area unemployment is down to one of the lowest in the state, even lower than the national average. is it because of hundreds of millionaires? sort of >> we have seen a lot of growth here, especially within corporate programs. >> at his crunch fitness he has hired several trainers and the chain has opened three new locations in the silicon valley drawing people to have money to spend it like web designer cookie >> sporting equipment, recreation >> she eats out at places that all the sudden are hard to get into and drives in crazy traffic. ipos h

. >>> san francisco has taken second place on a new list of cities with the healthiest eating habits. the san francisco-basedup massive health collected data. san franciscons eat four times more brussel sprouts than the national average and four teams more cashews and salad is the city's most popular food. the data amounts to a 67.6 rating second only to new york city. >>> why some california lawmakers are talking about cell phones and b.a.r.t. and dozens of people lined up overnight as a brand new business was about to open but many say that the business is not the reason they came. honey...? [ mom ] yes. honey, i can't find my internet cord. oh, i'll borrow hailey's. you're downloading movies. fast! from here? where is her cord?! we switched to at&t high speed internet and got wireless access. no more cords. wireless, okay, honestly, can i just get a cord, please? dad, the cord's invisible. [ female announcer ] call at&t today to get high speed internet for just $14.95 a month for 12 months with a 1-year price guarantee. it's the fastest internet for the price -- oooh. videos online? here? how much is that

. >> reporter: so this this is a san francisco based mortgage broker. >> the lender decides what rate on your equity and income is good and credit score is good. >> let's start with equity. if you bought your home before the downturn, your interest elevate probably 6% or above. our example will be a median priced home in san francisco which now goes for $650,000. if you have 20% equity, your loan amount is $520,000 and monthly mortgage payment is around $3,117. a fairly simple refinance at 5% and it drops to $2,791. nice but just the beginning. for instance, has your credit score been hurt by the down economy? >> first ten point in the credit score could mean thousands of dollars. the usual advice is to pay down your credit cards, but there is an easier way. increase your credit limit. the credit scoreblem isn't how much you owe, but how much you owe versus available credit. ask for higher credit limits. get your usage below 30% and you could be looking at half percentage rate drop. now $2,634. now most will get you along. >> here is the secret. 21% equity can get you a great loan. >>

. >>> tv host keith olbermann filed a $50 million lawsuit over san francisco based current tv.hat is after they terminated his five year $50 contract. a spokesman calls the lawsuit malicious. >>> federal judge has approved a $25 billion mortgage settlement with five of the largest u.s. banks. the five banks include wells fargo, bank of america, allied, jp morgan chase and citi bank. they will pay $5 billion for foreclosure abusement. they will also include cuts to mortgage debt amounts and restructuring of trouble loans. >>> a san francisco judge has thrown out a lawsuit that would have banned toys in mcdonald's happy meals. sacramento mother and the san francisco of science say they lure the children into eating fast food. the judge disagreed and the toys will remain in the children's meals. >>> 4:50 is the time. a teenager stranded on the rocks near ocean beach. who called 911 and the rescue to get him back to dry ran. >> it's the end of the road for deandre brackensick. >>> welcome back to the ktvu channel 2 morning news. it's 4:52. take a look at this. it's a rescue of a te

a blockbuster deal for facebook to buy it for $1 billion in cash and stock and hire its 10 san francisco based employees >> it is a lot of money for a small company but they have a very interesting product that turned out to be popular >> eight tech consultant says that with a public offering pending it is a strategic move for facebook which is facing increasing competition from new social media companies >> they're going public and prior to that they don't want people speculating >> on his facebook page mark sukkur byrd said he would keep and grow instagram independently not bury it into facebook which makes users hopeful that their favorite application will become something different. >> a new gadget is guaranteed to get you out of bed in the morning >> in new jersey engineer has created a foolproof alarm clock and when the renner starts it cannot be reset or unplugged. there is a battery backup in the only way to turn off the alarm is to enter a code on a keypad located in another bedroom. that would last one night with me. i would probably take a hammer to it. >> >> if you are about to hea

asbestos than next friday that 27 of the crews will fully closed down for three days in a row san francisco-basedtive was not the today but he invoked his right to remain silent. did you approve the funding i respectfully decline to answer based on the fact that the men and privileges? he planned to lavish general services in ministration conference in las vegas in 2010 that cost taxpayers $823,000 he faces a criminal investigation and is on paid administrative leave the inspector general is investigating other possible wrongdoing within the gsa including bribery and kickbacks the secret service has revoked the top security clearances for all 11 agents tied to a prostitution investigation during the presidential mission to colombia. let the boss down because no one is talking about what went on in colombia other than this incident. the joint chiefs chairman is disappointed took attention away from president obama's visit meanwhile we're learning more about the secret service agents involved some of them are part of an all these tactical team trained to use heavy weapons to fight back against an a

. >>> one last question san francisco based are you hiring >>> were trying to help out we have five open positions that method right now will always have job listings that method our method web site. 11 and torn to have to promise me. they wrote the book the method the method and you can go to their web sites method home with sick. >>> welcome back. meet carol and award winning bay area and interior design with 25 years' experience and before you assume she's rest assured the women liked trash. and creating a space she does not head to a price to designer showroom but to good will and scavenger sites and even dumpsters. she calls herself the goddess of garbage. well, it's good to have you. >>> you are an interior designer and you go into people's homes and for a lot of money a by-stuff and you still do that. >>> but also the goddess is always there she's working her way and a let's also note state for the audience at the goddess of garbage is me but i talk about her and a third person to keep the identities completely separate. i feel that doing that is a very smart business. >>> but doe

it will have original shops and san francisco-based cafes along the lines of the ferry building and what has been done so spectacularly there. we have the refurbish building here that we refer to as pier 48. our partner specializes in these urban, a mixed use projects. we have been working on this project for several years. we have a timeline that suggests we can begin as soon as 2015. this is a very exciting time line for us. we want to get this going as soon as possible to achieve the economic development so vital to the city and our neighborhood. to summarize the project, we have 8 acres of open space which will include a grand waterfront park and a mission rock square which will be in the middle of residences and potentially office development, similar to bryant park in new york city. the initial plan calls for about 1000 residential units which would accommodate about 2000 people to live in this development. office space, up to 1.7 million square feet of office space. i grew up in san francisco. i remember when levi plaza was unveiled decades ago. in those days, that was an innovati

t san francisco have nominated their favorite destinations, experiences, local businesses, and nonprofit organizations in their neighborhoods, and we will be presenting a guide to san francisco based on this. in terms of the role the city is playing, i think the biggest role in city could play would be to make compliance with existing laws and regulations more clear and more easy for local residents. london, for example, is doing a great job of this in anticipation of the olympics. they have run out of hotel rooms, and they realize that the whole purpose of the olympics was to create economic development in some of the most underserved areas of the city, and they are not getting that. we will be working collaborative lee to come up with a solution to solve that problem. they have created a wonderful website that clearly states what you need to do to be compliant. >> that is what christopher is doing in london then, right? >> yes. >> one more question for jay, and i think we should open up for questions from everyone here. tell us what existing city initiatives -- you know, this -- the schering economy working group will interface with or connect with, and how does it fit in with e

san francisco-based instagram was founded in 2010. it has 30 million users who share photographs using smartphones and other mobile devices. instagram also offers editing features, including filters that can make images look like vintage photos. >>> and another billion-dollar deal is in the works. aol says it will sell over 800 of its patents to microsoft. the internet firm made the announcement on monday. it will also grant microsoft the right to use over 300 other patents. the deal covers patents on technologies for online advertisement displays as well as other know-how such as laying text data on top of a map image. aol became independent from media giant time warner in 2009. but has been struggling financially due to a drop in users and advertising income. >>> a small company in japan is trying to crack a big market. india has a population of 1.2 billion. firms around the world compete for those consumers. but the people who run a company in osaka believe they have an advantage over their large competitors. nhk world explains. >>

the san francisco-based instagram was founded in 2010.t has 30 million users who share photographs using smartphones and other mobile devices. instagram offers editing features including filters that can make images look like vintage photos. >>> here are the latest market figures. >>> china's animation industry is growing at break neck speed. until now, foreign anime from japan, the u.s. and else where has dominated china but chinese anime creators have now entered the competition and foreign companies are taking notice. nhk world's bhuta okatani reports from shanghai. >> reporter: the anime opened nationwide in january as one of the new year holiday movies. the production first appeared in 2005 as a television series. four years later, the first movie version was released. every year since, a new movie is showing in theaters. this year's film broke all box office records for anime films in china. sales amounted to about $27 million. >> translator: i watch it on tv. i love it. >> reporter: the story is about a sheep and his friends. in ev

their testimony revealed the san francisco-based gsa manager who planned the did $823,000 trip to las vegas, also visited the napa wine country, hawaii, guam all on the taxpayers' dime. officials say jeff neilly -- jeff neeley took those trips even after he was warned they were excessive. the whistle-blower saying gsa is now trying to recover the cost from those trips. >> by the way, welcome back from hawaii. >> it is so nice. >> ours or theirs? >> ours. >> mike, thank you from kristen. >> i thought i brought it back, but if you want to bring it back from hawaii, that's fine. >> us and everybody else we are all comfortable. >>> good morning. hopefully you were able to head out on spring break and enjoy some time away also. it is quiet, 24 hour temperature change as we talked about yesterday will be slightly cooler, napa, santa rosa, los gatos one to five degrees warmer. what we are seeing now is what we'll see at 8:00, partly sunny to mostly cloudy, temperatures in the 40s to around 50°. as we head towards noon low clouds leave us, mix of high clouds and sun upper 50s along the coast

. >>> san francisco-based wells fargo is at the center of a discrimination complaint.t was filed this morning and accuses the bank of failing to maintain and market foreclosed properties in black and latino neighborhoods. the national fair housing alliance alleges the conditions of wells fargo-owned properties in white communities were treated in a far superior manner. the group filed its complaint today with the u.s. department of housing and urban development. the findings follow the investigation of more than 200 bank-owned homes in a handful of cities including oakland. wells fargo declined to comment, saying it has yet to see the complaint. >>> the ceo of best buy has resigned. the decision for brian dunn to step down was mutual. this comes several days after best buy came out with a restructuring plan. it plans to close 50 of its giant stores and open 100 smaller ones. best buy also plans to cut $800 million in costs over the next five years. dunn started his career at best buy as a store associate nearly 30 years ago. >>> in los angeles, fish and game rangers ha

the san francisco-based company says a handful of twitter employees will staff the office to start workingrimarily with the automotive brands. new cop companies coming to town, music to mow ton's ears. that will do it for today. next week, where are the jobs? help wanted in the technology sector for jobs that may surprise you. keep it right here where wall street meets main street. have a great week, everybody. happy easter, happy holiday, and i'll see you next weekend.