. >> or lark spur. >> that's it, lark spur, the lark spur ferry coming up. and in the ferry building are the marvelous shops. this is food heaven in the ferry building. so the pilot boats go out and get stationed outside of golden gate, and meet incoming ships and transfer a pilot aboard who pilots the vessel into the bay. and these are gentle men and women of the highest repute. one of the most challenging jobs, i can imagine. i'm not a pilot, but i'm always impressed by the incredibly extensive knowledge. that is a powerful force in the bay. it's sort of like the structural engineering community in the city's scope of engineers and architects. the pilots are very powerful because people respect their opinion. they have this well-developed pier, beautiful pier. >> yep. >> right? >> yep, they do. >> and here is one of their boats. you can see the pier is perfect. you don't see any rot in any of these piles. if you want to look inside, we just happen to be coasting along and here is an historic renovation of the pier underway just north of the ferry building.

spurs, san francisco planning research bought this for the new headquarters building and they wantedething that was going to be more efficient and near square footage. in the planning process now to demolish this and build a snew structure. >> spur will demolish it and build a taller building. it is a great organization. we hate losing old buildings, but spur of all organizations is careful about the historic value of the city. there are the pictures of the building that will be a terrific building. let's look across the street. >> talk about the small one first. >> if you go in there it was my offices for a number of years. if you go in looking for the braces they don't exist because they're not there. we used moment frames to hide the braces from the architectural statement of the building. just because you don't see braces don't mean the building hasn't been retrofitted. i as an informed owner didn't want to see the braces. >> the braces are the big diagonal thing. he put very large, like a big vertical and steel column with a big beam across and welded it up and hid it inside the

and i recommend contacting spur for the report. there will be a noontime meeting to talk about the report and i encourage the public to attend the meeting and submit comments. >> thank you. >> would anyone else like to comment under the president's report? seeing none, public comment is closed. >> good morning, commissioners. we have been celebrating national parks and recreation month in july. my report for this month is a reflection and celebration of all we do. i have a few an quarterly employee recognition and a video highlights for the month. play day on the green. the san francisco parks track and recs & parks will host a -- will host -- your families -- something else to do with your newborn, you are invited to join us. we hope to see a big crowd out there. mcclaren by park design meeting #two. a second design meeting is scheduled for thursday july 28th, from 6:00 to 8:00 at the mcclaren elementary school cafeteria. participants will take part in a visiting session for the session. this saturday, july 23rd, joined dolores pa

that there's so much of a mess in the mortgage market that people who could normally refinance and spur the economy because all the paperwork was fraud fraudulently signed and induced that they this normal machination of lower rates to spur the economy is not working either so fraud is just totally blocked any potential growth in the u.s. economy max not tell you because nani says as one former s.e.c. staffer describes it the agency is now filled with so many wall street hot shots often best to get a bank that has been infected with the goldman mindset from within and the goldman mindset max what is the golden mindset greed and suicide banking and. bank until you kill yourself. that's the goldman mindset their suicide bankers the goldman sachs could be the aliens or. they could have. banking parasite there eighty five broad street before they moved uptown and now they're they've they've made their way into all these regulatory agencies there though they're in the night of the living dead or i should say night of the living death all right stacey hammer thanks so much rain on the kaiser

whether this will spur economic growth is something entirely different. what we've seen with qe 1 and qe2 is asset prigss. equities and commodities have moved higher. that doesn't necessarily reflect on the economy as well. we haven't seen a move higher in economic growth. this is what i feel will happen with qe 3 as well. >> we've got some better clarity, i guess, after ben bernanke's speech yesterday. what about the eurozone, though? what about the black hole of the debt crisis. that is still such an uncertain outlook. that is going to remain a big drag on equities, isn't it? >> it will in the longer term. what we've seen in the last few years certainly with the ecb stepping into the market and buying italian and spanish debt, we've seen the yields on the ten-year notes come down quite dramatically. they were trading above 6% previously with greece, ireland and portugal, once their ten-year yields traded at 7%, they turned around and said we need bailing out because our interest levels are unsustainable levels. fortunately for italy and spain those yiel

do think one big relates volatility we were talking about, the administration is looking at ways to spur economic growth. that is a separate discussion from what to do about deficit reduction medium and long-term. one of the questions facing the white house, are those separate packages or do you roll them all together and try to load all of that on to the super committee? we'll see what they decide on that score. >> in fact, given what's happening in the economy, there may be less pressure to actually meet those targets and do at least near term deficit reduction because many would argue that's the last thing people need, other than long-term credibility that it's going to happen at some point in the future. >> or you could do near-term stimulus and then double up on the amount of savings at the special committee. >> all decisions that have to be taken in the white house and at treasury in coming days. thanks so much, john harwood, from capitol hill. >>> now joining me from wall street is jim cramer, "mad money" from cnbc. let's dig deeper into what's happening on wall street today. obvi

and number two, we to spur the economy. so what you need to do is have a $50 billion -- say $50 billion, just throw out a number, have it be a clean bill with no pork, no pet projects, doesn't go to multinational corporations or multinational banks. that goes directly to small community banks and credit unions with the stipulation that 85% to 90% that have money goes directly to small business, homeowners, and people in the community. this way you spur consumption and demand, and the people who are sitting on the sideline, the corporate money sitting on the sideline will begin to invest more because there's demand. and at the same time, you're reducing the scope and size of government. it's like bill clinton said, he really understood the global economy and what's come up with free trade when he said the era of big government is over. because you can't have massive government and massive debt and the global economy with cheap labor. host: all right, darryl. thank you so much for your call from cleveland. wanted to show enth

class big star man united make it to any shooting with a three nil win over spurs in the english premier league. and on top of the world spaniard last rights to victory to claim yeah usually live well. but first russian primarily club angy are expected to complete the signing of cameroon striker samuel etsy from into milan today and in the process make him the highest paid player in the world clubs have finally great favor around forty million dollars for the forward that's according to the feet that agent painted had a mediated deal with into getting another six million if he's successful at the russian club letting you set to become the world's highest paid footballer netting after tax over half a million dollars a week that's nearly thirty million dollars a year or nearly a billion rubles and is expected to sound three year contract angie were bought by multi billionaire silly man carrying off in january he's already bought brazilian reputed carlos a more recently russia international unity cup. another translate that he came to dread have called strike a run by del found from puerto

. >> reporter: asian markets came roaring back today spurred by yesterday's surge on wall street. >> people are regaining their senses and look at the stock markets s d find good value. >> reporter: yesterday an unprecedented pledge from the federal reserve to keep its key interest rate atts record low near zero for two more years. it was much needed welcome news on wall street. e dow surged more than 429 points, its biggest one-day gain since march 2009 and the tenth biggest gain in history. the fed didn't commit to a third round of treasury bond purchases. sim lust spending when i the central bank that spurred market rallies last year but investors still liked what they heard. >> they read the statement at first and said, well, they didn't do anything and then looked at it more and said, well, maybe thehe tlur us a ben. >> reporter: the fed said yesterday they believe the economic recovery is slower than expected. as evidence it pointed to a lack of robust hiring, slowing consumer spending and a struggling housing market. still some analysts says wall street doesn't sense a second

stimulus spending by the central bank that spurred market rallies last year. investors still like what they heard. >> they read the statement at first and said they didn't do anything. then they looked at it more and said maybe they threw us a bone. >> reporter: the fed said yesterday it believes the economic recovery is considerably slower than expected. as evidence, it pointed to lack of robust hiring, pointing to spending and struggling housing market. analysts say they don't sense a second recession is coming but it doesn't mean things are rosy. >> when you have sub-par economic growth it can feel like a recession. >> the feeling on wall street trickles to main street. >> everybody is scared. the market is up and down. nobody knows what is going to happen. >> the only thing going well this year was the market. then the rest of the economy will probably falter as well. >> reporter: the roller coaster ride is likely to continue. analysts say hold on tight and look for opportunities to buy when stocks are down. karen travers, abc news, washington. >>> the tur

a list of europe to conscript shorter as countries spurred by the contagion sweeping the economic bloc think twice over their aspirations to join the club. their stories still to come but first this week marked three years since georgia launched its attack on the small republic of self-assertive the five day war in which georgia try to regain control of its old territories claimed hundreds of innocent lives but moral services are being held across the republic with the biggest and self-assertive couples to involve hundreds of people going to large candles and pray for those who died in the conflict releasing white balloons in their memory it is really a question over reports from the republic where the scars are still fresh from what happened in august two thousand and eight. i come here almost every day i sit and talk to my son so i knew i would lie next to my dear boy. for the last three years stacey signet has come to this cemetery in south where her son is buried five days to norco's two thousand and eight split her life into a before and after. when her son a medical college gradu

>> we're looking at a variety of options, joe brianna, and actions that could be taken to spur growth -- we're looking at a variety of options jk iluliannam. the couple days ago we settled the debt ceiling to speak. you can expect the president to be speaking about these issues in the coming days and weeks. i did not have a specific date or specific proposal to put to you. >> the employer payroll? >> there are a lot of ideas under discussion. i did not want to identify one or the other. >> is there a timeline for nominating a new -- >> i am sure that will be relatively soon, but i did not have a date for that. >> the questions about whether the treasury secretary is staying on. is that what the administration's economic agenda? >> i think that is somewhat driven in part by the stories about it. what secretary geithner has said it is that he will stay with his job for the foreseeable future. areas, and always has been an administrations, a fair amount of turnover. these are very demanding jobs, and that will always be the case. but the president has a lot of confidence in his economic

spurred by the federal reserve providing certainty. declaring it will keep the interest rate near zero for two years. >> the fed was telling businesses we're trying to give you an area to make long-term investment and goals because you know your rates won't spike up on you. >> the fed extraordinary decision suggests it believes growth will be slow through june 2013. >> a sign president obama is facing slow recovery through election day of 2012. >> it means the president will go before the voter to seek a second term in an economic environment. that is probably unappealing to most voters. let alone politicians. environment where people are clamoring for growth, clam loring for jobs. >> often the president pays a price for that. >> that is reflected in the "usa today" gallup poll. 47% believe he merits a second term. the response from the president allies is to keep blaming the tea party and congressional republicans for forcing a near default during the debt ceiling debate. in the last eight weeks we lurgeed from one catastrophe to anot

commissioner marshall: i won't ask what your spurs were -- scores were. >> we did get valuable feedback and we recommended that all commissioners attend this training.

commissioner marshall: i won't ask what your spurs were -- scores were. >> we did get valuable feedback and we recommended that all commissioners attend this training. we found it very valuable. one of the main aspects of this, when we are looking at policy issues or revealing discipline cases, it helps to have any least just little bit of and walked in their shoes kind of experience. and albeit in a very small way, it did give us that in terms of response timing, procedures following procedures, the human reaction in terms of what you see and what you hear

> reporter: anthony, like you said, this was the best performance for stocks since march of 2009, spurred by the federal reserve's pledge to keep interest rates near these emergency levels, 0%, for at least two more years. standard & poor's had its say, the president had his. >> markets will rise and fall. >> reporter: today, wall street was waiting to hear from america's bank-- the federal reserve. >> there's no panic here. people are just doing what they have to do and i think they're giving it a lot of thought before they do it. >> reporter: in a statement, the fed promised to keep interest rates low through at least 2013. the market reacted wildly, dropping more than 200 points as the fed warned downside risks to the economic outlook have increased, but then the market rallied off the lows by more than 600 points. >> i would characterize markets as being hugely volatile. the bulls and the bears are in a battle-- not quite to the death, but they are in quite a substantial battle. >> reporter: the most-watched comeback today was staged by the country's largest lender: bank of america. i

commissioner marshall: i won't ask what your spurs were -- scores were. >> we did get valuable feedback and we recommended that all commissioners attend this training. we found it very valuable. one of the main aspects of this, when we are looking at policy issues or revealing discipline cases, it helps

host: you think it will spur spending rather than people saving money and paying down their debt overhe next two years while the interest rates are low. caller: big factor is still have stock on the shelf and they're not going to make new stock. if people would buy the stock on the shelves, and they have to remember, they have to buy american because that they buy from foreign countries than only foreign companies will need employees. if that stock is leaving the shelf, and the warehouse has to be restocked. somebody has to make those items to put back on the shelf. right now, no stock is leaving the shelf so businesses do not need employees. host: we have an e-mail that we read as well. sandy is an independent in olympia, washington. your next. caller: i agree with most of the things that people have said so far. it might not be a good thing for everybody, because it is a good opportunity to invest in u.s. manufacturing. a lot of the country doing well right now economically are brazil, requiring things that sold there are made there. so the company if they want to sell, they have to

provide a regulatory and tax environment that allows business to have the confidence to invest to spur go back to these riots. this is in london. you have athens, greece, portugal, spain, even israel now is dealing with, you know -- any time there are austerity measures imposed, because they can't sustain the growth, this seems to be over time, almost the guaranteed result. i'm saying, i think this is coming to america, unless we change course. >> when you create a culture of entitlement. when you create a culture of give-aways. a culture by which people say, i'm born to have this. then when there is fiscal time fast require that those things be pulled back, then there is a human component. and it erupts in this way. we are seeing that. we are also seeing terrible interracial violence. you are seeing an economical cue here. people are saying, no this is -- this is mine, i want it, i'll take it back. >> crime at its core, this is crime, is a moral problem, not just an economic problem. crime went down during the great depression. we are reaping the harvest of the past 25 years of -- >>

stimulus spending by the bank spurred the market rally last year but investors liked what they heard. >> they read the statement at first and they didn't do anything. they looked more and said maybe they threw us a bone. >> the fed said it believes the economic recovery is considerably slower than expected. as evidence it pointed to lack of robust hiring. slowing consumer spending and struggling housing market. wall street doesn't sense a second recession is coming but it doesn't mean things are rosy. >> when you have sub of par economic growth it can feel like a recession. >> that feeling on wall street trickles down to main street. >> everybody is scared. the market is up and down. nobody knows what will happen. >> only thing going well this year is the market. the rest of the economy will follow. >> the roller coaster ride is likely to continue. analysts say hold on tight and look for opportunities to buy when the stocks are down. karen travers, abc news, washington. >> is anyone buying now? look at the big board at the new york stock exchange. you can see not right now. the dow is

raise the revenue knees -- necessary to enhance the operations of the federal government, but also spurgrowth that benefits more folks in montana and across the country, and we want to promote fairness and certainty. america needs a tax bill to help them get back to work. today's witnesses can help us understand the effect it has on u.s. businesses and their hiring practices. they represent some of the largest employers in our country. i'm grateful they are here with us today to discuss whether the tax code poses burdens on businesses or what ideas they have to help improve investment, foreign investment in the u.s. as well as domestic investment here in the u.s.. we are looking forward to hearing what factors drive their decisions about whether to hire new employees. we need to identify the policies most effective in helping these business leaders create more jobs. do we need to support innovation more effectively? do we need to develop a more highly developed work force? how can we level the playing field for companies competing overseas? how do we reduce incentives to reduce jobs abr

put it to the resources we would want to go to understand whether the rich should go home on the spur of the disease but. the wealthier of the ship are worried that if. that ship moved on she wouldn't leave the country on the loop with. close rules that period for us. to which is the way the first miserable. police move would have been a good kid and shows you the whole little girl with a little bit of. this is the tenth meeting organized by the national movement of victims everywhere in the country thousands of people have taken part in these meetings thanks to bam several legal actions have been undertaken allowing the identification of people responsible for violating human rights. that. my brother's name was. he was the first president of the corporation for the defense of human rights which is part of the state crime victims association he was killed with two gunshots. he was burnt to capitated knifed and his internal organs were extracted they also broke his legs. all this only because he was promoting an initiative that touched upon troublesome issues and was starting to bring

commissioner marshall: i won't ask what your spurs were -- scores were. >> we did get valuable feedback and we recommended that all commissioners attend this training. we found it very valuable. one of the main aspects of this, when we are looking at policy issues or revealing discipline cases, it helps to have any least just little bit of and walked in their shoes kind of experience. and albeit in a very small way, it did give us that in terms of response timing, procedures following procedures, the human reaction in terms of what you see and what you hear under intense circumstances, and it was insightful. and very helpful. at least i recommend it to the commissioners that have not done it yet, by all means, do the training. by the way, we are both very grateful to the department for providing us with this opportunity. and we want to thank them. commissioner chan: i agree. i appreciated the chance to go through that training. there were high-ranking members of the department of their helping us understand the fourth options trading. the computer simulation was quite helpful. i could s

. >> he hoped the decision by standard and poor's to lower the credit rating will spur congress to reach a balanced agreement on deficit reduction. >>> the current stock market crisis is putting a cloud of uncertainty over silicon valley. ktvu's robber h -- robert handa has more on this. >> reporter: silicon valley hasn't always been effected by theficial crisis but this time inside many buildings tough decisions have to be made. >> reporter: he is like a lot of investors, he is not sure if the high techdry will be damaged by the stock market. >> i don't have any faith out there. i think the stocks have volatile. so i do invest because i work in silicon valley companies. >> reporter: others were lonely slightly less negative. >> i have faith we will come out of it. >> reporter: high tech company have been hit across the board. rob says while firms will hold on tight to cash the drop in value of companies will make them prime targets. >> the more mergers the higher risk you will have collapses, that kind of turmoil isn't great. >> reporter: he points out overseas markets aren't safe and s

. >> all of this input is expected to be used in crafting an agenda to spur the creation of more jobs. from here, the speak-out on good jobs tour moves on to seattle. then pittsburgh. >> new report finds home sales fell in the bay area last month by 14%. the third worst month on july in record. experts say the wrangling over the debt ceiling in washington and wildly fluctuating stock market take an toll. according to dataquick, the homes dropped 25% in july compared to june. 19% since july 2010. the medium price of a home in the bay area was $374,000. that's down 1% from june. >> buyers are nervous and fickle and they feel that the prices may continue to drop. so they don't jump like delay used to jump. >> i notice that there is a lot of stuff out there. but what i'm finding is not very high quality stuff that is out there. >> bay area realtors are hoping low interest rates will help push perspective buyers off the especially ifs and in the market. >> hayward man charged in a hit-and-run accident that seriously injured a pennsylvania boy says he doesn't remember hitting him. 9-year-ol