let's just say that tomorrow, sonali has to move out of the country for personal reasons and we have to hire a new cfo. we're on the verge of issuing debt, and we're going to tell the we're the only entity in the ã9qj? arçqd with an insurance policy? i think that would hurt us in the employee markets. we just hired director reiskin. he took less money than his predecessor. he has come on and shown a willingness to do this out of the goodness of his heart at a lot of levels, and to be a very active person right at the beginning, but we're going to tell him, just as he comes on, we will start issuing debt, and he will not be insured for it? i think that is why i disagree. i think this is more about just hedging bets. i think this is about protecting and value -- protecting and valuing our staff. director nolan: any other members have thought at this point? >> i would echo director heinicke's comments. i think it is only fair to ask staff and directors to have this insurance, and i think protecting them for the job they do for us every day that we should appreciate them and for the insu

chairman, i will moved to adopt sonali's recommendation that we purchase the -- oh, we are not actioning today? i will look in advance -- >> [laughter] than at any criminally militiamen, fraudulent act -- does that, if there is one of those things by one person, does that kind of boy the whole coverage? >> i do not think it avoids the whole coverage. i think it would be considered a claim against that, and that individual would be priced out and be liable. they would not be covered under it and a longer period that is not the current climate, at least. >> [inaudible] >> ok, great. director nolan: maybe along the same lines, what if we get down to this and we have a 4-3 vote, and something is wrong, those four people withheld something? does it matter? >> i do not think it does. >> [inaudible] regardless of your vote. director nolan: does anybody ever -- to any of these other agencies have to file any responses? >> there has been no clear response against this. santiago did have it, but the exclusions applied for san diego. director nolan: these organizations have had these for years? nob

we struggle with the precise guidance, but i do think that if you conduct be said oversight, have sonali throughout how rigorous process is -- if you conduct decent oversight, understanding foundational questions, and with respect to red flags, if you get a briefing on a significant issue, it is in the bond approval process. where did you folks describe that and outlined that? it is a red flag type of issue? the other thing is -- are there things that we may not know about as staff that you know about as board members that you should bring to our attention? that is the other area that you are solely responsible for, those things that you might have gotten a briefing on that, quite frankly, we would not know about. with that, i think i would end the context, primary offerings, secondary market disclosure which your board will probably not touch on -- as a policy matter, you could, but i would not advise it -- and then communications likely to reach investors. that is statements by you about the m.t.a.'s financial position you need to take some care with. with that, we will close, and shou

of bloody clashes with security forces which claimed more than forty lives a correspondent and he sonali reports now from cairo. people go to the polls since the first time since the fall of hosni mubarak some of them voting for the first time in their lives with that said there are serious concerns over the legitimacy of this vote firstly of course because of the security situation in light of that violence the clampdown in clashes that we saw just ahead of this vote and also because an announcement from the military had that the actual parliament will have limited powers and they won't actually be able to just solve any kind of cabinet but that said the muslim brotherhood is expected to make major gains in this part of the mentoring vote on tuesday voting will continue so far it looks like turnout has been very successful a lot of people the excited but still doubting like i said the legitimacy of the vote i spoke to the only female presidential candidate who told me that she believes that this vote will in fact be void and some people that we spoke to are going as far as to boycott th

russia warning that it could move its own offensive missile systems to its borders in response in the sonali exclaims. first his reaction to the active development of plans for this missile defense shield in eastern europe came in the form of an announcement from president mids major where he highlighted five steps that the russian federation would take if the u.s. and nato don't reconsider their plans first of all activated immediately will be early radar warning stations in kaliningrad which is russia's most western enclave the country's nuclear strategic forces will be strengthened significantly he pointed out that this needs to happen quote urgently at the country's strategic missiles will be fitted with advanced penetration systems and latest generation warheads and he's also notified the armed forces that a sister needs to be developed that could destroy data exchange in the control systems of this planned missile defense shield if these steps are not enough the president pointed out that this would be russia's last resort. just a bitch if other measures are insufficient russia will de

and he sonali to. the point he squandered on the article for ok by movement continues the u.s. protests have been taking place for nearly two months now and such as across america this week so the kind of poignancy to open witnessing one of the biggest demonstrations looks as unleashed tear gas flushed away then comes the protests is made of a hundred or less several people was seriously injured in creating a us army veteran is the second major van a clash involving police and protesters in the city and a fortnight. ago witnessed violence. and we're still reporting from the so vocal and as you can hear behind me loud explosions possibly tear gas from the police officers there are at least a hundred the not two hundred three hundred police officers in full riot gear several men as you can see advancing behind us right now on the occupy oakland movement now we don't know how many officers are back there we saw a massive group of them sort of a walk down that street before that was the street of the standoff where several protesters had barricaded the street from the police severa