i think steel frame buildings are resistant, it is the composite action of the steel frame and otherments that are together with the frame that help make them support; is that right? >> yes. that includes the walls, the floor diaphragms. but the fire was really bad. this is what they were trying to do here is a fire break here. in addition to the heroic fire break that stopped the fire on van ness. >> dynamited around here. not just earthquake or fire damage, it was dynamite damage. >> one of the interesting stories is the amount of dynamiting they were doing in some cases was so excessive it was damaging buildings that survived the earthquake and fire because they were blowing up the building 2 blocks away. the classic story is on the post office. it survived the earthquake and fire fine, but didn't survive the dynamiting of the next-door neighbor's building. >> they threw up flaming shards. and set the buildings alight. >> for an old steel frame, you see the beam and column and you can see the frame is shown there. on the side of the building, it is more solid with brick. the older

cost that the steel bid came in at or not? >> no. that cost includes the engineer's estimate that was a combination of the work done by web corps that the director asked about earlier. >> okay. >> and then pelli's cost estimator. >> the steel bid does not come down significantly? >> we are rebidding. >> not over, and the amount of money in deficit this project has will be greater than $164.5 million. >> no. we are trying to keep it at this amount and so we had a recovery line item of $55 million that is why we are going to be talking if we can't get that number down we are rebidding in smaller package and that will be the recommendation. and again, it is a policy call on how much we want to have in reserves and contingencies. you can make the policy call to drop that number down, we are just rolling the dice as the director reiskin is attest to you. >> we will be coming back to the board on march 25th with a recommendation of what to do further with the steel bid after the team has had a chance to look at the bid more closely.

i have a couple of pieces of steel. >> this is called mild steel. this is not high strength steel, which is used for the attendance. -- better used for the tendons. these are used for columns and foundation. these are 60 psi. >> this is available in all different sizes, eighths of an inch? >> number 3 is 3/8. >> number 4, number five, maybe 5/8. let's pass this around. it is heavy. it is deformed. tell us what that means. >> in the surface of the rebar, that is what engages the reader are with the concrete and creates the section that works with the compression. >> it is rough, and roughness of it connects or secures to the concrete. when i was in kobe, japan, right after the 1995 earthquake, looking at some of the damage, i saw some failure of concrete structures where they had non- deformed read bar -- rebar, smooth steel, and concrete just pulled right off. this has been deformed, which has been used 50, 100 years? >> i believe after the 1930's, he formed rebar is what is used. >> this is standard. that is used in the vertical wall, almost any pl

steel pipe. the steel pipe. it turns out that the speed of sound has to do with the elasticity of the substance. when you deform something, how quickly will it snap back? and steel is very, very, elastic. so sound travels very nicely through steel. but it's not as dense as lead. and even the density of the air falls out. it doesn't have to do with the density of the air or the density of the medium. has to do with the elasticity of the medium, and then the second order effect is this, what we're talking right now, the temperature of the medium. rest assure sound will travel a little faster in a warm day than a cold day. and let me give you some evidence of that. it's something that occurred to me when i was a kid. i couldn't figure it out. and later on, when i got into physics--boom-- the answer to my question came. when i was a kid, i used to be a boy scout, and we used to go camping up at camp nihan, saugus, massachusetts. and we'll camp in one side of the lake. this is the lake. there will be another scout tr

we can entertain it to ask whether it could be steel. it may look very handsome like if we look at the disney concert hall in a los angeles, those are gastrointestinal steel structures. frank gary's famous buildings. those are options. i will go to close-ups to show how the wall might seem in detail. although the the building is curved, it's made up of flat panels that are facetted curved shaepd shapes. the lowest the building gets to the ground is the molding as the wall turns to the ceiling. one of those panels is 16 of those small samples you just sent. although that pen rows apparently panel that you see here is appropriate. so this is that same view, but rendered in the pen rows pattern. this is with lines rather than dots. you can see that instantly that it's a very beautiful wall. but we think equally handsome. this is again why we brought the large gloss because it's hard to appreciate on the screen, delicacy and unique pattern. it's slightly more dense, this is a bit more metal in this version than there is open but it's also qu

bethlehem steel president walter williams.spent, if i remember correctly, in the equivalent of 1980 dollars, almost a billion dollars in the previous 15 years on environmeal facilities. that meant that money was not availae for modernization projects. government regulations forced industry to spend billions for modernization projects. cleaning up the environment and protecting the safety of workers. for modernization projects. millions of workers cleawere new, eager to work, but young and untrained. their inexperience led lower output per work hour, less productivity. led to an embargo of oil in 1from the persian gulf. energy prices soared. productivity growth took a plunge. and throughout the 1970s, an economy reeling from spiraling energy costs saw all its other costs rising, too. an economy reeling ination seemed like froman incurable cancerosts eating at the economy, creating climate of economic fear and uncertain scouraging the capital investment at might have improved an increasingly dismal productivi performance. ifany

by all accounts, steele's stint in el salvador was seen as a success. during that time, he got involved in the iran-contra scandal, referenced in ollie north's diary. he reached a setback at this point, but then, a few years later, ends up in panama, head of south com and ends up being in charge of forces there when we depose the leader of panama in the early 1990's. he ended up working as an energy cant enron chesapeake energy, and then we see him back again. he becomes a coin go-to guy in iraq. if you watch the film, you'll see rumsfeld and wolfe wits speak highly of him publicly and rumsfeld, some of the stuff we got from his own website where he talked about what a great job steele is doing and how he moves in and out of countries from time to time keeping an eye on things. cenk: they have a curious standard for success. is it that dick cheney thinks that ok, i don't care about the 75,000 dead in el salvador, finally, we've got a right wing government and it's stabilize so here cares about the dead, same thing in iraq, or is this chaos somehow part

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stainless steel is one of the most sensitive materials are used. we have to be careful about the finish coat and polish to deal with stainless. that's part of the research that's being done now. >> on the patterns, i didn't understand the difference between the problems, it seems like they would have that a little bit and the other question whatever pattern you would choose would you try to create adjacent? >> that's really the issue with the choice of pattern. if the pattern is based on a grid, for instance a simple dot grid, as you cut it, there is the issue of cutting against the grid cutting in an odd way that kind of works against the notion of a gridded surface. when two of those panels are side by side, that disjunction is visible. there could be some very uncomfortable relationships. with the pen rows panel it accommodates that disjunction. you are not looking for the gridded structure because there is none. it helps solve that problem because your eye is not tuned to looking for those relationships. it's really why we looked at the pen row

it survived a fire as most steel framed buildings -- i'm sorry. survived the earthquake as most steel-framed buildings did. here is the chronicle building. it also survived the earthquake. the chronicle building is made up of two buildings in front. at the time of the '06 earthquake they were building the rear annex, which was the tallest building west of the mississippi. this building survived until the fire came. the fire did a lot of damage here. there is the examiner building. it also survived the earthquake, and the fire came. >> really interestingly, steel-framed buildings were a newish thing in the turn of the century. how many do we have in the city? >> from that vintage, that are actually still here, we probably have 30 or 40. but what was interesting is, the robeling steel institute sent a team out here. there is a document where they went through the buildings. all the buildings they reported on went through the earthquake just fine. >> one didn't. the williams building. >> interestingly enough, the williams building was not in the book

the concrete doesn't require much space between the floors as a steel building does. and it could be cheaper. yes, more space, less money, great idea. ♪ ♪ >> we know that right now there are things happening in power, with sewer, with water that are not always proven technologies, but they're things that are enough proven you should take a bit of a risk and you should show others it can be done. >> we're showing the world, suddenly had wind turbines which they didn't have before. so, our team realizing that time would change, and realizing where the opportunities were today, we said, you know what, we started out as really something to control wind as an asset, when you combine today's technology becomes something entirely different. >> wind turbines in an urban environment is a relatively new concept. there are a few buildings in other major cities where they have installed wind turbines on the roof. and wind turbines in buildings are effective. >> the discussion was do we do that or not? and the answer was, of course. if they're not perfect yet, they're building a b

slight differential, the 1 '8 different of stainless versus aluminum because one might think stainless steel is much more resistant, much less vulnerable than aluminum. why do you get such a small differential? >> some of it has to do with cost and if we use a stainless that is within our cost parameters. it maybe an increase that we have to resolve. stainless is more stable, as a material, it's a denser material so we can use a lighter thinner gauge of stainless than we need to do with aluminum. aluminum is a more malleable particularly as it's being assembled. that's why the plate makes a big difference in aluminum because it's softer. >> so, and does some of the differential or the lack of the differential comes from a fixed plate? >> they need to be very flat. it's by and large extremely flat material. and if any distortion in the surface whether glass or metal at this scale of a building it's going to shown up assistantly instantly and that will be obvious. >> some years ago i was involved in a process in chicago the cloud gate and the contract for the sculpture in the park. it was cons

michael steele you talk to business. how do you see this? i think you and brian pretty much have it square on the helped. this is to the broader point that a lot of conservatives in washington and around the country still have. you're right the data is the data. the numbers are the numbers. the numbers are showing a trend line that's good, 2%, 3% growth. >> not perfect. >> here's the reality. unemployment. i appreciate the point about, you know, the jobs are being created but let's get two or three months in a row of 236,000 jobs being created then i'll know we've turned the corner. that's why business has the confidence but it's not as high us a think it should be. >> brian i want to ask you the business round table people are not optimistic about employment. that was the one area they were not optimistic in their polls. can you just give me real quick, give me 15 seconds. real quick. >> we're not going to have 4% unemployment again until we shrink the size of government. every where you look around the world where there's big government th

the board on march 25th with a recommendation of what to do further with the steel bid after the team has had a chance to look at the bid more closely. >> we have only 7 minutes left at this point, before we lose quorum because two more of our members need to leave. so, i am not... we are not going to make it through the presentation, and so, i don't think as a board i get the sense that we are going to be ready to adopt anything on march 25th. >> so i am not really, i am just going to at this point i am going to ask the board members what their thinking is. i think that we have to end the presentation at this point. so, directors any thoughts? >> my only thought is that i would like to be presented with options that the team believes would be appropriate to move on, not only options that the team believes would not be appropriate to move on. >> so i understand the team does not want to cut on the rva analysis, again, i do not want to second guess that. so how about being presented with options that get the number down that the team believes would be constructive? >> we actually we ar

an increase in activity in the construction market in the bay area, particularly around issues of steel and concrete. that is having a consequence for us of fewer contractors pursuing some of these packages. and where two and three years ago, contractors were pursuing work at little or no profit margin. in order to maintain a deployment of capitol resource and personnel. now, there is more of a return to normalcy in the margins that subcontractors are pursuing. and those are having consequences for us in terms of decreased competitions and higher bids going forward. so we are expecting, we are looking at the super structure package where we anticipate receiving bids next week. and we are actively evaluating our engineer's estimate for that package at this time. >> mr. beck, if i may just ask, how much is the market recovery adjustment roughly of the increased budgetary costs? >> it is a good segway. >> this slide, we are recommended an adjustment of 55.4 million in basically escalate in market reserve against the remainder of the construction budget. and the program reserve today stands

ak steel lowered their eps guidance, a ten-year low for ak steel.rible for the steel companies overall. finally, good day for the earnings. mike ron, nike, good ones with tiffany as well, but remember, mandy, oracle and, of course, caterpillar and, of course, federal express. hard to get rid of those three earlier in the week. back to you. >> absolutely. by the way, you mentioned ak steel. we'll be talking about resources stocks later on in the show. >> well, to cyprus where things are starting to get real. cash is running low and tempers running hot and there's new concern that cash may not be the only thing in short supply. michelle caruso-cabrera is live in nicosia. are there rumors about things potentially about food supplies because suppliers aren't being paid? what are you hearing? >> reporter: well, we are hearing people concerned about whether or not within the next couple of days that perhaps we see shortages within the supermarkets because just like we're starting to see with gasoline, you have to pay in cash because suppliers are demandin

steele as i did. i am not sure that you ever, and it is ok, that you ever had a specific program to do outreach to african-americans. i am saying do you think it will work this time and how much do you think it will cost? all, we did, we had a coalition apartment with a staff of six, not two, as wasrding to rance, and it two more than the rnc had in the 2012 cycle. the months in between february and october individuals 185,000 working across the country as a part of our coalition network that helped us to elect individuals like tim scott and alan west, brian frazier and star parker, african-americans running for congress. a host of folks all together youss the spectrum, if will, who were very much a part of this network. $10 million to do that. the budget was $10,000 for year, and i had to fight others just to get that. i find this $10 million idea to be amusing, number one, and no. 2 black folks are not going to get $10 million out of the rnc. that is for every level of outreach. ask, specifically of

we are joined by michael steele the former chairman of the are rnc and david cone from "mother jones.he president came out e referring to the cuts referred to by the republicans as dumb. >> the fact is that not everyone will feel the pain of the cults right away. the pain though will be real. so every time that we get a piece of economic news over the next month, next two months, next six months, as long as the sequester is in place, we will know that the economic news could have been better if congress had not failed to act. and let's be clear, none of this is necessary. it is happening because a choice that republicans in congress have made. i have offered negotiations around that kind of balanced approach and so far, we have gotten rebuffed, because what speaker bay for the and toehner republicans have said that we can't do any revenue, not a dime's worth of revenue, and what more do you think that we should do? i am not a dictator. i'm the president. >> and on the other end of pennsylvania avenue, we did not hear much hopefulness coming from speaker boehner either. david gregory s

steel. louisville, indiana.