rich sucre, manager of the southeast department at the san francisco planning department. the decision for you is whether to overturn or uphold the planning department's approval to allow the temporary conversion of an accessory parking lot into a commercial parking lot at 701 valencia street. the planning commission granted the conditional use for the commercial parking lot with the condition of approval to prohibit restaurant and limited restaurants at the site. the appellant raises several issues in their written appeal with regard to this added condition of approval which would prohibit the restaurant and limited restaurant uses. the applicant contends that the project was thoroughly reviewed by planning staff who found that the project could be desirable for the neighborhood. the planning staff recommended approval of the project with standard conditions of approval. in addition, the appellant contends that the contrary to the concerns that the proposed use would be competing with traditional mexican restaurants in the area, filipino fusion cuisine is different. furth

sucre, can you tell us what exceptions we have to grant and tell us what in the planning code would be code compliant. >> so the scheme before you is not code compliant per se, so the commission for it to move forward has to grant an exception and the entitlement, the 309.1, the downtown project authorization allows the commission to grant that exception specific for exposure for these types of projects. so the current scheme in front of us is not a code compliant scheme, it's one that necessitates exceptions to move forward. >> commissioner richards: okay. so i guess the question for mr. winslow, and there's an elephant in the room here, please. and i'm struggling with this because at the last meeting, i was not aware of the udat's recommendations, nor was i aware of your feasibility sketch. so here's i was saying let's go higher, let's make it possible. and i kind of go based on what i've heard and what you're saying, you sketched out a feasibility that said we could do two buildings. it would meet the current urban design guidelines of which the current one violates nearly every one

this is our collective memory of ecuador, the massive depreciation of the ecuador sucre.a fix. this is the big fear. can you see this coming? james: emerging markets in general are under pressure, partly because of rising u.s. interest rates. if you arepening is like a tiger chasing a gazelle, the first ones you catch are not the fastest. those are the emerging markets being picked on, companies that have fatal flaws. how is it going today? what do you do in em, in blue-chip america you go to cash. what do you do in em? james: try to invest in stocks that have some degree of protection in this type of market. that is the beauty of having investments to go into. there are companies that have natural hedges and companies that have high capital barriers that can protect you to some degree. specific or do you have to go corporate granular to find companies that can avoid turkey, argentina, and the like? james: we believe you want to be in companies even in those countries, that protect against some of that weakness. an exporter in turkey may actually be doing reasonably well.