. >> well, here in high tech city, i say high tech because everything is very modern, it's been built up in the last 15-20 years. people are focussing on the economy. this is the biggest thing pt the biggest beneficiaries of having a liberalized economy. it's one of the most important factors. i'm joined by a resident. tell me, what are the biggest issues for voters here. >> issues like infrastructure, and issues like infrastructure, power and water. so these are the main issues, challenges. >> now, speaking to other people, your neighbours, friends, what are their perspectives. what do they think about the election. government. do they think there needs to be a change? >> who so far, they are looking forward for a government which is stable, provide security, safety to the people, to the residents and opportunities. i mean, all social issues, et cetera. so the main motto in this election, for the people, is to find out somebody who can provide a stable government. >> stable government and better economics. >> absolutely. if we have stable government. the economics will follow, your m

>> guest: bolder was named top tech city and we have great colleges in around and fort collins is a tech boom area as well. >> host: you led a fight against the cellphone unlocking bill. what is all that about? >> guest: this is about unlocking your phone if you are not in contract. you should be able to chose your carrier. there was a ruling by the librarian of congress that consumers couldn't. there was a good faith effort announcement to change that. this bill was reported out of the committee but at the last-minute language was added that through uncertainty on the bill because it included bulk unlocking. and this is important because many people can't unlock their phone and there is no reason there shouldn't be a market where they could buy these already. we are hoping to send messages to the senators to make the changes. >> host: i want to ask what you thing about the fcc under chairman wheeler? >> guest: i am a fan of some directions. net neutrality specifically we had a setback in the court. there is refocusing on what can be done to make sure there is open access to different co

we have all heard of tech city now. to coin a new phrase, they want to have midcity.o add london in terms of expertise to the arty successful areas of oxford and cambridge in the u.k. to build in four -- the foremost area the world for life sciences, to take over the likes of boston. you can check out some of the labs behind me now. hopefully going inside a couple of them. dying my white lab coat. currentlyng you why already the u.k. has 50 billion pounds worth coming in file life-sciences and how it works, to grow that even further. >> thanks, caroline. stay with us for analysis of emerging markets with a p morgan asset management's chief investment officer richard to therington. -- ti ♪ >> time for today's company news. the bank's wealth management business in the region jump 38% in the last two years various the biggest pool since ubs started its operations in the region. in carrefours. at 1.3 billioned euros in yesterday's close. combined $9id a billion fine after a diabetes mayor -- medicine fell as much as seven pennant -- a 7.8% in tokyo. welcome back to countd

and it's kind of surprising, here we are in the heart of silicon valley, tech city, and we seem to have still some -- a way to go in order to improve the kind of system that deliver the information we need to make good decisions. so, we just thought that that task force in 2009 really nailed it and we should go back and look at that in a way, trying to do that [speaker not understood] way a possible. it is such a big, big problem to get your hands around, but we agree that, you know, using thea kinds of organizations, doing it this way is the very way to do it. you can hire the experts you need for the problems you identify. but then what do you do once you've done that? and how do you evaluate those in a realistic way going forward? that's not working, we should look at doing it in a different way. >> thank you, i appreciate it. [multiple voices] >> thank you so much for your presentation and your work on the civil grand jury. >> my pleasure. thank you. >> john anderson, is he here to make comments? no? okay. so, i am going to open this item up to public comment. and right now i have -

a lot of the tech jobs in new york city are in non-tech company spirit we have a lot of startups in yorkity. that is the result of the new incubators and venture capital that is now flowing into new york at record paces. >> you are seeing areas like seeingn where there are a huge start a culture. i find it troubling because the fact that the growth is so fast and the wages being paid are so much higher than other sectors, isn't that going to increase the wage disparity in the city? >> the opportunity in the tech sector is different from other sectors. in law, you have to go to law school and get a degree. going to that. medicine, the same thing. the tech sector sees a different picture. a lot of nontraditional workers coming into the tech sector. a lot of people who did not major in computer science or do not go to college. now entering the tech workforce. techthan 100,000 jobs in in york city don't require a college degree. at a lot of them are going to places like general assembly or going online to code academy. these are online and off-line places to get computer schools. the compute

and it's kind of surprising, here we are in the heart of silicon valley, tech city, and we seem to have still some -- a way to go in order to improve the kind of system that deliver the information we need to make good decisions. so, we just thought that that task force in 2009 really nailed it and we should go back and look at that in a way,

we are trying to build a tech city in london. we are trying to get people involved in the industry.here visa restrictions? is it easier to recruit in india? >> getting great people is hard everywhere. there is no place in the world where it is easy. we have nine different offices for recruiting around the world. if we were only in silicon valley it would be harder. we can get great people from all over the world. the visa issue is a problem. the u.s. government needs to be smarter about letting great talent in from everywhere. it is a significant problem. recruiting is only half of it. caret development is the other half. working to make sure that people are getting better all the time. that is just as important and a startup like ours. we have people who are managing big teams and have lots of responsibility, but they have never managed anything in their lives because they came up so quickly in a start up raid we have about 370 employees worldwide. we have a lot of people that have never managed anyone. big are now running departments. they don't have the professional experience of

city or in europe or asia. a new businesses are taking notice. high tech startups are shifting from suburbs to cities making urban areas the new scene for america's tech hubs that's according to a report by the martin prosperity institute which followed the money to reach this conclusion. it showed that more venture capital money than ever flowed into start ups in centers like new york city, los angeles, san francisco in 2011. this marks new development in areas like silicon valley, boston's route 128 corridor or the research triangle of north carolina. no one knows these issues than one of the world's leading theorists working with companies worldwide. he is a professor at university of toronto, richard, good to see pup thank you for being with us. >> it's good to see you. thanks for having me on. >> your first initial take, what are the implications of start up venture capitals. >> well, we'll another for a while that talented people are moving back to urban centers, urban centers--america is reor bannizing, america is moving to urban cores and walkable

also i'm concerned about the creeping jim crow that is in filtrating our city that if you are a mostly white tech worker, you get to go in. but if you are of color you have to go to the back of the bus. you are displaying now the by your words but your outcome. i ask you to judge me by the outcomes. please respect us enough to have your words and action match. if you are care about displacement and care about poor people, then you need to act like it and the lady that does protest too much. >> hello supervisors. i'm struggling with the impact of the 2 dozens private shuttles and ignored by the mta concerning those impacts and from the environmental review. 2 years ago the mta gave itself an exemption for the 500 parking meetings and this was a pilot program. we challenged that and within 2 days after filing the challenge, the mta rescinded the program and apologized to the neighborhood sand we -- saying we won't do that again. when eir exemption are challenged in court. you need to be mindful of that. second, the argument that you need this pilot program to study the effects of these existing shu

young to workers and the fact that cities in the so called value such as mountain view really aren't investing in more affordable housing which is pushing these tech employees into the city and it will we see this homeless issue there's a lack of affordable housing a lack of jobs that pay enough to pay for this trip and really a reduction in social services that up by the party the state that has really caused this huge wealth divide there in the bay area pretty sad what's happening over there. i understand it or if the particular sticking point point over a global way here and jack helped friend who is also a landlord in the city of gender find mission district. what the controversy there. and then this objectification isn't exclusive to sentences go you seen it in washington dc anybody a loss that is above basically landlords like him are seeking affordable housing units for rent controlled units and evicting tenants using state line in order to create high priced condos or to just plainly take these units off the market so i've been this is routine in the face of the historically diversity of historically the first mission district in there and

that level out of the work at tech city.y with big jobs at skype and telefonica and has so much empathy for start ups. that is needed. this divide between big companies and small companies. they do not understand each other and speak the same language. and yet to get david and goliath to dance, they have to understand each other and approach the conversation with respect. withu are a big company 100 million users, you have to understand that the high-growth startup might only have 20 people and not really a balance sheet. but they understand something about your future. it is about parties having respect. they bring something to the table. the venture capitalists having respect for entrepreneurs working 100 hours a week. entrepreneurs having respect for the guys with corporate jobs. all this creates an ecosystem. >> what needs to change to bring this to the next level? i was mentioning these us. tesco is losing a lot of money, one of the reasons they wanted to sell was they needed an injection of capital. how do you make the

critics say any high-tech city is a dead city. new york proves it wrong every day.be high taxed and still be the vibrant city we see everyday? because newn part york is still a place people all over the world want to visit, come to, live here. there is still place for opportunity. the incubation of businesses and talent continues unabated in this city. an extraordinary place. >> how do you do that and still make sure good people want to work for new york city's government? we need to keep running the city and the pension expenses that keep running up is threatening to do any city in? york hask the new problems with its pension system, it is not as badly funded as many other places like californiake teachers system, $100 billion underfunded. some tough issues that lie ahead here. new york city is inextricably tied into new york state. were present in this city the largest source of revenue were present in the city the largest source of revenue for the state but it is also true the state provide a great deal of money for the city's budget. so if the state is not doing

cuts to health care for city workers and cuts to programs for the poorest families in these cities and these tech people stroll in and out like they are royalty and i'm sick of it. >> i'm john. i'm a native born in san francisco. been here my whole life. the problem is not about the google buses. it's about google itself. the guy never said about the google buses that come here taking the kids to field trips to museums and library. you have 20 buses. some of them just clutter the bus stops. you have the arts buses, you have tanker trucks up and down the streets. they never mention that. it's not about the google bus. it's about google itself. when they rejected the application, they have rejected it. you have to adapt and adjust. like when the lgbt comes in. you have to learn to live with them and get along. 2014 is becoming a disgrace. you have to learn to adapt. that's all i can tell you. >> thank you. i just want to say that if you are all democrats remember at the last convention when they voted to -- for ceqa. this morning coming down i saw seven buses. there was 40 people packed. we kept ge

tech success story. there are other cities that are traveling the same trajectory. stand how to think about the challenge that a large tech community can actually, what impact they have on the overall city is actually instructive. while there has been a lot of press back-and-forth over the last several months about the corporate buses that go from san francisco down to the valley, the view of the people in san francisco is more nuanced than it might read in a newspaper. i thought one of the most interesting things was the notion that during the.com , it was focused on finance and did not tend to bleed out the rest of society. we see unemployment when it is around technology spreading a lot of other disciplines and types of jobs. it turned out san francisco was very heavily dependent on the finance sector before. sometimes what made the.com bust worse-- the dot-com bust was the loss in finance jobs. it is actually much better setup for the future. that you are not going to see this sort of problem as last time. when i look at the san francisco economy i don't see an t

than 1500 students applied to brooklyn's p-tech last fall but the school was only able to admit 144 9th graders. >> the kids are the every day average new york city student, we're just giving them a different opportunity. >> rashid davis is p-tech's founding principal. davis says his students are chosen entirely by lottery and come from all five boroughs of fwhork. the school he says was started with one goal in mind. >> it's how do you make sure that we can divert the workforce with students who are not generally on a path to think of themselves as either college or career ready. and so there is no academic screening. there are no type of tests for admissions. the idea, if you are interested, we will help make you academically strong and prepared so that way you can have that pathway from high school to college to industry. >> srennivasan: ibm initially invested $500,000 to get p-tech off the ground. money spent to develop the curriculum and provide teacher training. but from now on, all ibm is investing is our time and talent. >> srennivasan: and when it comes to paying for the additional two years built not model, the state of new york picks u

city. "the pulse" is coming up. i'm joined by my co-anchor guy johnson. we'll be talking tech and med city. alking about the markets and why are we seeing the selloff? >> there is so much doing going on at the moment. the tech story. we'll talk about samsung's numbers today. what does that tell us about the lie of the land in the mobile hand set story. we have some great guests cog coming up, covering that. microsoft and the deal the chinese have cleared. 1:00 p.m. eastern time today, microsoft turns off support for xp. 500 million p.c.'s around the world still run this. we'll talk about the implications of that for the p.c. sector. they are picking up nokia. they are ditching support for xp. quite an important day for the company as it moves forward from here. go square, a company that does an litics of what happens every time you use a website, you use an app. we're not talking about the n.s.a. here. we're talking about a small start-up company. we're going to get all the tech trends and the best story of the day for me, one that is potentially going to wind up a few people in the big appl

i do not want that to occur but i understand why it did. >> this is a city where the tech book is in full swing but the median home price is now approaching one million dollars. a lot of people are feeling priced out. what are you doing to address this? >> well, first of all, thuy, i want to put in the good perspective. it's a good thing that we've got in challenge in that there's investor confidence and people want to move here, businesses. it's great for people who need jobs. that's still our number one priority. having said that, i recognize the challenge and the challenge is we have not built enough housing in the past. we kind of let that go as a priority and now we're going to suffer for it. so i want to build a lot of the housing that we need. i think we can definitely build a lot more affordable housing and work on the other things that make the city affordable. and it's not just about building. we also want to protect the existing housing stock, and that's why i'm working with senator leno to reform the ellis act to make sure we're not having these companies come in and buil

protesters took to twitter's headquarters to protest tax breaks given to tech companies to keep them in the cityey complain at tech companies are not paying their fair share. they say that companies like twitter create jobs. theie brown had a cameo in "godfather" movie, two term mayor, he has stayed active since leaving office. thank you for joining us. where do you fall on the tax breaks that mayor lee has given to these companies? >> i actually orchestrated that tax break that twitter got. i certainly have been supportive of all of the other incentives to get tech companies and others to move to san francisco to create jobs and build the economy of the city. this is the most interesting place in which to live. >> to the protesters have a point? real estate prices have shot up. buses on the way down to silicon valley can be inconvenient. >> they are completely wrong. if they were engaged in this activity because of race or religious freedoms, point of origin, sexual preference, we would all be outraged and speaking with one voice and condemning them. unfortunately, we are not doing that when we

city hall and coming to twitter. there's a lot of animosity right now between the workers and the tech community and what's happening thin this city. rents have obviously gone up. you take a look around here, to rent office space, it's gone up 80% during this time. which a lot of people think is a good thing but there's a question, is becoming more desirable more expensive a good thing for all people in the city? >> i want to thank you very much. reporting from san francisco, outside of twitter headquarters. let's stay on technology today. but let's talk about a launch. a makeover. a.o.l. today says it is redoing its website in order to offer what they call premium video experience. it is the latest move in the online media wars. for our attention here, to tell us more about this announcement, is the president of aol.com. thank you very much for being here. >> thank you for having me. >> tell me about this new push, it's an invigorated push into video. >> definitely. we're seeing video consumption from our audience from millions of people who come to aol.com every day, surging. people are watching more and more video

manhattan headquarters to take a look. >> welcome to tumblr headquarters, home of one of new york city's hottest techlocated in manhattan's flatiron neighborhood. it proves it is not just a hip destination in the digital world. its office has colorful art -- >> everything on the walls are from artists. >> it has ping-pong -- >> so people can relax. >> it has phone booths. this is where i say don't forget to pick up the milk? >> sure. >> it even has standing desks. >> it's supposedly healthier. >> tumblr's growth has exploded since yahoo! bought the blogging site for $1.1 billion last year. the user base is up, time spent on the site is climbing, and tumblr is hiring five new people every week. as the headcounts wells, so does the square footage. from 5000 four years ago to 50,000 today. >> there would be people sitting on the radiators, the window sills, and finally we burst out. >> david is a high school dropout that founded tumblr seven years ago when he was 20. now he is a major player in the new york tech scene. as tumblr matures, he is worried about losing the start of nature. >> there are a who

city. the group went up market towards twitter headquarters. they say they have been asked to give back. they think techshould, too. >> they had knob problems coming to city workers let's open your agreement, let's open your contract. would you give back some of your money? we don't understand why the mayor can't go to tech companies saying you're doing fine, the economy is working for you, i want to renegotiate the tax breaks. >> the protestors say last year san francisco gave twitter $56 million in tax breaks. >>> some good news for sunday drivers in soon. soon you won't have to worry about feeding the meters. they voted to eliminate sunday parking beginning july 1. parking fees went into effect last year because the agency needed some money but the mayor said let's work together to support a comprehensive transportation funding measure. >>> 5:36. as the los angeles dodgers play a series in san francisco, there's a disturbing report about one of the dodgers star players. as kpix 5's andria borba reports, it involves a mexican drug cartel. >>> reporter: the dodgers' brighters star yasiel puig was signi

hundreds of city workers took to the streets to protest the city's tax breaks for tech industries.s is a battle between the tech haves and have-nots. when protesters marched to twitter's hid quarters, they started at city hall, marched to twitter headquarters and back to city hall. >> reporter: for over a decade, this restaurant and sam's diner has served up comfort food p on a less than comfortable stretch of market street. but years ago they saw change coming in. the city lured in twitter. >> some of the people are coming into this area which was once a very desolate place. >> the city says since the twitter deal, 17 other tech companies have moved to mid market along with 13,000 jobs and 5,000 units of new housing under construction. >> now there's the new influx of all the younger crowd and people who are more business, in business coming in. >> reporter: city leaders say the payroll tax ex. ing cost about $2 million while parking more than $8 million in revenue and other benefits. >> people who are spending money in store, restaurants and shops supporting not just those small

i visit a called in brooklyn called p-tech, and they partnered with ibm and the university city of newo offer the students not only a high school diploma, but also an associate degree in computer systems or electromechanical engineering. ibm said that p-tech graduates would be the first in line for jobs. then i visited a high school in nashville that offers academies where the students focus on a specific subject area, but they are getting hand's on experience running their own credit union, working in their own tv studios and learning the 3d printing and tinkering with their own airplane which was pretty cool. i never got to do that. i did get my own airplane later in life. but, although, i have to give it back. i don't get to keep it. but this is stuff i didn't get to do when i was in high school, and i wish i had. but it is stuff that you have to know how to do today in today's economy ax and the things are moving faster and more sophisticate sophisticated, and so we challenged america's high schools to look at what is happening at a place like p-tech, and look at cities like nashvi

cities as well. >> why should anyone care about your study? why should anybody outside the bay area care? are two reasons. san francisco is a very large, story. techss there are a lot of cities such as new york and other cities like boston and austin, texas that are traveling the same trajectory. to understand how to understand the challenges that a large community, what kind impact they have on the overall city is instructive. the other i and while there has been a lot depressed over the past several years or months -- overas been a lot of press the past several years are much about the bus, the view is more nuanced than read in the paper. >> one of the most interesting things is during the dot com bubble, it was a focus on finance and and i seem to get meted out to the rest of society. spreads to other disciplines and types of jobs. >> there are two separate points. it turned out san francisco was very heavily dependent on the finance sector before. worst made the.com bust that there were losses in finance jobs. right now san francisco has a more balanced economy before -- between the sectors that is better set up for the future. you would not s

i think what's very interesting is that how absent largely the tech companies are in this discussion. yes, sf city is here, representing x number of tech companies. but i just want to remind folks remember several years ago when we were debating the twitter issue how this hall was crawling from twitter when they wanted something. i think it's important because before we learn to live to -- together we need to make sure that all of our stakeholders come and join us. speaking at mayor's office is not even half of the equation but developing relationships with each one of the members here so that the companies can better understand the culture of the neighborhoods that which we represent. and want to acknowledge that the akkad ex-was correctly issued and thanks mta for that. i also want to take a moment to address some of the comments that were said. i found some of he is the offensive and disrespectful. references about, equating this moment in time of that we are dealing with technology or the google buses and the annihilation of the gross interpretation of a historical account. i find it also inte

city is getting crowded. this overcrowding is leading to higher rents, this cannot be welcomed moves, trying to keep rent low and keep the techsave from taking over the city. he is with just cause, one of the organizations that help displaced family the who are losing their houses due to this recent tech boom in san francisco. >> people are moving into neighborhoods and houses where other people just lived and got kicked out. we need to build new affordable housing so there is places for all the long term existing residents. reporter: i reached out to linkedin, and if they had any concerns about it, have i not heard back from them yet. >>> girls weekend at the b office, the other woman came out on top, the chick flick star the cameron diaz, kate upton and less lehman. up seated captain america. and heaven is for real rounded out the top three, a story about a by who makes his father question everything. >>> a father son outing turns into the trip of a lifetime. that is because they managed to catch a nearly 700-pound shark, isabelle has the story. >>> we knew we were going to catch something big. reporter: just they never imag

. >>> new at 6:00, when you think of high-tech, you probably think of cities in silicon valley or in san francisco. now santa cruz leaders are making a big push to get new tech jobs and keep the ones they have. kpix 5's mark sayre is live in santa cruz with a look at what's being done there. mark. >> reporter: ken, an estimated 20,000 people every day commute over the hill from here in santa cruz into silicon valley for jobs many of those workers of course in tech and those are people who community leaders here in santa cruz very much want to stay and work right here. this is the image of santa cruz that most of the outside world has. the wide open ocean, beaches and the santa cruz beach boardwalk. but this is what's happening just a few blocks from shore a vibrant and growing tech community. >> there's a huge amount of tech talent here. >> reporter: andrew muller runs a tech company and is organizing a weekend long startup blitz to strengthen the local tech community. >> in that it brings people together to get them out of the talking phase of things they want to do into this doing p

do consider it and keep the pilot program it's important to continuing the model between the city and the tech industry to work together. thank you. next speaker. >> good evening. i'm verona i work for golden i'm a resident of district 7 i was born and raised there i came back to her i love this city i take the shuttle and ride is daily there's been comments can't people take muni and shuttles they're not inclusive. i just urge you to deny the appeal and allow the program to move forward to collect the data we need toad insure that program is the impacts are mitigate and even though people are commented to work together. thank you. >> good evening. i'm speaking on behalf of latino democratic club i want to talk about the benefits this pilot program can bring i think it's great this pilot program didn't have input from neighborhoods like the politician. i want to thank the coordinate of the latinos corresponding to the shuttle in 10 years. thank you for the pilot program for also allowing the violation of california 225 hundred being specially exempted and thank you for the pilot program and th