and city -- where there is state and city matching where we can -- secure the state chair for pier 70, we would make it a priority and the amount of allocated would be 65 clients and up to 90 cents in pier 70 and access incementation is the amount not needed from the district need today pate necessary infrastructure outside of the bonding period of 30 years so from year 30 to year 45 it would be up to policy makers to decide where to allocate those proceeds either back to the city's general fund or to improve the sea wall if the port issues revenue bonds, we would request that service coverage at this point we are not project proposing the issue gets for the disproment that i will describe in just a moment and we will as part of the i f d identifyfunding sowter for maintenance and this is an ongoing concern for the city is the cost of maintenance the pure cost of ownership is not always described up front and so this is an important point for the city. in terms of the port i f d formation, we are -- the city has through resolution done the

the city cio or the controller create asset management system for cio equipment. i will state this will be implemented from my understanding in the next six months and this is only prudent. recommendation number 14 is that the city cio and the department of human resources create a data base for personnel to cal log services and operating system. recommendation 14. what i had stated here requires further analysis but i would say i think we agree that would help departments and identifying resources. i would like to work closely with labor and department heads to understand the best way to move this forward. so one more page is findings and recommendations. let's go to finding number 20. find be number 20. there is no effort to gather and utilize comprehensive and quantitative data to track how ict functions and what i stated for this i personally disagree. while there are efforts to see how they function departments don't have incentive to assist in such efforts. finding number 21. the five year ict plan is not a strategic plan. it doesn't calculate how the changes in the syst

philadelphia, throughout the 19th century, was the major industrial city of the united states. all of these industries used water from this system. and it served as a prototype for many american cities, including pittsburgh and new york. man: new york city went to philadelphia and said, "you know, we're thinking of developing a hudson river water supply -- what do you suggest we do?" and they said, "we've had "a lot of problems on the schuylkill. "don't go to the hudson river. go to the upland and work by gravity." and that's what new york city did. they first went to the hudson highlands, but 150 years later, it went to the delaware highlands. and really diverted the water that normally went to philadelphia to new york city. i don't think they anticipated that. narrator: the majority of new york city's drinking water comes from watersheds in upstate new york. a watershed is the area of land where water from rain or snow melt drains downhill into a body of water. mountains act as a funnel to feed rivers and lakes. and in this case, reservoirs. in the new york city system, water

in some cases states and cities issued pension bonds instead of contributing to their pension plan so they have these big lumps of pension bonds outstanding but often it's two things it's either too much debt or just very poor management. ok too much debt a story we hear all the time poor management where are these where are the real trouble spots that you're saying ok avoid these these are disasters you named a couple but one i know that's on your radar is detroit which is a very large city i know their finances are a disaster from reading your blog so what's what's the status there. so detroit at one time had a million three people in it now has about seven hundred thousand people in it they've walked down the infrastructure size the municipal infrastructure size over the years but really hasn't been reduced enough to be able for the tax base to support it they're running the city budgets about a billion three and they're running about one hundred million dollars deficit this year they've been in a ballet with the state to get some proceeds of a bond offering that the state doesn't

that san franciscans across the board are employed in all of the industries that we have in this state city. with that i would like to city a little more about the labor market and how we set up this training. it's all driven by the labor market. we pay close attention to what the employers need. we try to flex in what they want with training and skills as andrew mentioned and ron mentioned. it's all based on what the employers need in terms of skills so we hope we put something together that is adaptable and flexible for the market and much of the employment is driven around the technology center so we want to adapt and make sure our clients are employed. we focused on mobile apaps. i am considered an elder in the technology field. most of the folks coming into this are much more creative. the whole innovation model that supports mayor lee's efforts. it's being able to adapt to the change of technology. all of our supporters and know this and between the mobile apapps industry and you will hear more from james jones and talk about communication technology and everybody in the room has a ha

city. anywhere from 26 at the airport. 33 right now in frederick. 45ese cgusts could be up to miles per hour this afternoon. be careful on the roads today. partly sunny across the state. light flurries in the mountains, mainly in garrett county. ocean city, 45. the storm system is impacting travel along the northeast coast. parts of new england are still getting pounded by heavy snow. it could change over to snow in boston tonight. things get even more quiet tomorrow. partly sunny with less wind. by saturday, another storm system is coming this way. it could start out as snow and then changeover to rain. 38 to the high temperature on saturday. maybe another storm moves in it for the holiday. a slight chance for a wintry mix. a lot of people may be making plans for the new year so i would keep that on the back burner. >> new laws will take place in maryland. kim dacey has all the details. >> on tuesday, a dozen new state laws will go into effect. some were highly discussed. others you might not know about. one allows gay couples to marry as of january 1. another new law states baltimore city elections will now be held in the same cycle as the presidential elections. t

state. come to city hall anin san francisco, welcome. i would like to welcome the former secretary of transportation. [applause] thank you for being here. thank you, john, thank you. our board of supervisors comment david chiu, thank you very much. david campos, thank you for being here. he is our adopted asian brother. we have so many of our state representatives here. so many of you are here. i have spent all night announcing your names, but they did not give me the full list. i will say thank you on behalf of our city. from sacramento, los angeles, from all the communities in between, thank you for coming to our fantastic city to celebrate our asian-pacific heritage month. it is my pleasure to also provide you with a warm welcome and thank you for somebody who worked on this idea to bring everybody here to san francisco, my very good friend. thank you. where are you? when we first talked about this, we said there had to be the place where everybody felt comfortable. there had to be a place where we could feel the excitement of all ver

he did say that there are several different law enforcement agencies from the city, state all the way and the reports that there might have been more shooters, he's addressing that. he doesn't believe that there are more shooters, but they are continuing to watch that. he also mentioned that life flight has arrived on the scene apparently to attend toot least one of the victim of the shooting. you can see all of the ambulances. there were apparently just ten of them on the scene moments ago with another two on the way. but again, the headline here, at least one confirmed dead, possibly more. no idea on the number of victims at that point. holly batista was at the mall at the time this all began to develop. she's on the phone with us now. can you hear me? >> yes, i can. >> describe for me what you saw and what you know about all this. >> i was in the macy's, which is actually opens directly into the food court area. i was just shopping for my daughter. and you know, i heard what i thought sounded like firecrackers. unfortunately, you know, those were gunshots. the next thing i saw was

five and the answer is not and so and they did a study out of denver and they found that in in states city adopted medical marijuana was obviously more people are smoking marijuana in medical marijuana states that traffic fatalities dropped an average of nine to thirteen percent it's really easy to figure out because it also showed that beer sales dropped fourteen percent well if more people are smoking marijuana why didn't traffic fatalities go up instead of going down i think every state ought to have ought have medical marijuana laws or marijuana legalization ys and me. doing save some people on the highways right that's a really important point about impairment and these are the kind of conversations that i think states and the federal government going to happy be having as we as we move forward on this any clue on how the federal government is going to react to washington and colorado and and are you hearing or you know do you have any sense or have you heard in the from the grapevine anything about how this administration might respond to these two states. well so far the the federal

. >> i hope and pray for those families, for that town, that city, that state, that they can somehow get through. >> i kept thinking over and over again, this could be my kid.

city. this guy is not stopping. albuquerque, new mexico, just after dawn on friday, march 9th, 2012. police dash cameras roll as state0. >> school bus, one tire is blown at this time. >> outside the city a white male is speeding east in a stolen school bus, straight toward the city line. >> the bus is hanging off. >> the bus is stolen from this albuquerque bus yard. the suspect drives 80 miles west on i-40 to the city of grant. before turning around and heading back to albuquerque. >> negative. >> as for now, just one male driver. that's all we have. >> now, state, city, and county law enforcement are in hot pursuit. they turn him to stop the empty bus because it reaches the rush hour. the plan, stop the vehicle with spike belts, also known as stop sticks, strips of metal barbs designed to puncture tires. mile marker 137 is 13 miles from the albuquerque city line. at 6:27 a.m., the bus appears. the bus barrels over the spike belt but does not slow down. police deploy more spike sticks over the next several miles. >> 148 eastbound. struck another spike belt. he's losing his front tires now. >> he has no front tires an

proximity to one another, we also have city governments, state governments in the united states, we have a federal government in the united states and it's only natural that another layer of government that deals with issues of loss. but over the course of the next hundred years from the lives of our children and grandchildren, we will see progress with it. the big question is whether the balance between the power of those public entities and big private enterprises that are the size of most of the biggest countries in the world. it also remains unbalanced. right now, our future is being determined in financial markets that are regulated by anybody. where the risk of a blow is a risk to each of us and those factors have been very successful in shrugging off and keeping away kind of regulation that could mitigate that risk. and the point is we need to pay

let's go to city college, san francisco state and make sure their classes are training for these jobs and then when the students graduate we match them right into the tech companies of san francisco. it's that simple, but now we have the mechanism to do it. tech sf and sf city. this is a marriage made in heaven and will continue to create more jobs in san francisco especially after we pass proposition e, which will also create more jobs in san francisco. i want to recognize the companies who have already signed up to do this matching process, to create jobs, and place them for san francisco residents. some of the companies that have already signed up in tech include auto desk, cbs interactive. deloit at or about. jawbone, ja goil. linkedin. julia, tril -- zeus and swrenga and there are representatives of those companies here and i want to give them a round of applause. [applause] these are the first of the 350 that will be participating and we are very, very proud to be part of the tech sf team and with that i would like to introduce andrew lindy of jawbone. [applause] >> thanks ron.

another new law states baltimore city elections will be held on the same cycle as the presidential election, meaning officials will get an extra year in office. as of january 1, a parent or guardian will have the right to free credit reports to protect kids and disabled adults from identity theft. it is hoped it will protect foster children, who are especially vulnerable. >> we are hoping that the credit bureau to the part of human resources will be able to get to some data sharing so they can either freeze them en masse as well as help them to access to their credit reports. >> when it comes to the weather, we are in the clear from rain or snow for now, that was not the case further north of us in new jersey. several communities woke up this know this morning after several inches fell last night. some areas were expecting up to 8 inches with wind gusts up as high as 60 miles an hour overnight. all that snow, rain, and sleet cause problems for travelers up and down the east coast. travelers at laguardia airport say they saw flight delays up to 90 minutes yesterday. in philadelphia, more tha

we are state land, not city property. the state land has a lot of uses. the office has to be maritime- related, unless it is an historic building. our facilities have to be for the people of the state of california. they have to enhance that visit there. they're not local surfing. we cannot do any residential on the waterfront and we cannot do any hotels over the waterfront. there is property on the embarcadero for that. >> somebody told me there were 11 different agencies, probably more that regulate the use of the space. >> it is the city and town of santa cisco, the port, -- of san francisco, the port, the army corps of engineers, fish and game, boating and wildlife. >> every time somebody wants to do something, and has to go through all of these review agencies. >> it makes it very interesting. >> the port is really a separate administrative jurisdiction. the ferry boat we are not on the -- a theory but we are on is not regulated by them. at the port has its own authority granted by state law, state charter which says they have their own building depa

state george schultz. so, thank you very much, sir, for being here. (applause) >> it is a wonderful partnership that he shares with his wife who is chief of protocol for our city and our state, charlotte schultz. so, thank you very much. (applause) >> certainly this partnership couldn't take place without all of the heavy lifting and hard work done by the san francisco fleet week association. so, thank you to general myatt for your vision. this is your three of not only the celebration events, but what you spoke to earlier. also the executive director of the fleet week association lewis lubin. thank you very much. (applause) >> i've had the pleasure of serving in the san francisco fire department for 22 years. it will benign years in nine since i stepped up and took the role of chief of the department. i continue to be proud of that. and i can say which i said earlier in the week, the coordination and the collaboration only gets better each year that we do this. and i'd also like to acknowledge the department of emergency management and all of her staff for coordinating so seamlessly with the fleet week association in addition to all of the other events that w

state. richmond's city council approved an amended version of the development agreement thursday and it guarantees the cities and schools can also use that facility. construction of the facility is expected to cost up to $10 million. it will be built on state-owned land behind the science museum of virginia. >>> secretary of state hillary clinton is being treated in the hospital for a blood clot. her doctors said yesterday that the clot stems from the concussion that she sustained several weeks ago. mrs. clinton is being held at the new york presbyterian hospital. >>> venezuelan president hugo chavez has suffered new complications while undergoing cancer treatment. chavez had surgery in cuba after the cancer returned 18 months ago. but three weeks ago chavez developed a respiratory infection. the vice president left venezuela to visit chavez, and it is a sign things could be going downhill. >>> nine people are dead after a charter bus carrying 40 people ripped through a guardrail and fell several hundred feet down the snowy slope. this happened yesterday morning in eastern oregon. officials say re

back in two thousand and ten that two thousand and eleven is when we would see these disastrous state and city. budgets really come to a head and the debt come to a head and see a bunch of defaults now we didn't see those. you said that as the mayans taught us when you make predictions you don't predict what and when which is her pitfall here is what kate long who covers municipal debt she writes about it for writers said recently about the reality of new news we'll take a listen. so generally it's a strong bright picture but there are these kind of dark spots that are isolated but it doesn't equal what meredith whitney believes was a massive wave of defaults for for the mare for the country ok so then i know you're very bearish in your year of reviews so maybe you want to pick the what or the when and tell me what your. this one i'm someone a graphic on but i do know that meredith whitney predicted that this year would be it and the fact that we got to the end of one year is is of is is not data to me everything takes longer than you think it's going to take and i don't know why she said this

is paying on their loan should amount to that fixed rate now cities and states got into trouble as their borrowing costs or during the financial crisis yet those swaps they entered into as a hedge that were based on live war paid substantially lower rates cities and of having to make up the difference between these ever widening rates now because so many municipality. entered into interest rate swaps in some cases tied to libel or it may take a long time for these cases these lawsuits to play out but now you know a little more about interest rates swaps. all right let's wrap up with loose change dimitri on friday we were talking about the front runner to be the next prime minister of japan shinzo abbate and he won and here is jim grant on friday saying why we should possibly pay attention. thinking that this might be something worth watching because there's no other reason the japanese will be getting on with all of which they seem to have put it in to do that we fall in the world in implementing truly radical monetary policies . so if we see unlimited easing in japan as the pri