not necessarily have the program, but what's not being presented, with the understanding to the business sectors that are going to be impacted by this is a plan in place to mitigate the costs. commissioner o'brien: i have a concern about -- i would like to know more about the breakdown of the costs that's the basis of this report. you know, we have this information that we've been given, this is what we're paying every year for a problem that's been brought on by alcohol abuse. i would like some more information with a breakdown of an explanation of that figure, that dollar figure. i think that if that's the case then this would need to be much more targeted. i'm also prepared to go on the record and express a concern deeper behind the whole initiative, is it some sort of, you know, i'd like to know more about the origin of what brought this idea on. is it, like, you know a sin tax on some sort of evangelical level or something like that, you know, or is it strictly just down to, this is good city policy? i'ding are really like to have a little bit more understanding

on the 23rd of june, column 3 11th, the business sector 3, it said the leader and i have talked since. the advice that i received, uncompromising and unequivocal, and we did not know who they would be at that time, they would have to act immediately and decisively on the budget deficit because there was a serious threat to this country. i took that advice. you take your vices achieve the desired result? -- do you think your advice achieved the desired result? chicken deifies that i gave was in public before a press conference. three days after that, i had one concession. i cannot judge who decided when. you have asked people about that. a press conference, in response to the new government's and i had one conversation after that. and that is all i said on it. >> my question remains the same. do you believe that the advice that you gave in public -- >> the path of fiscal equality demonstrates how the ratio of debt on a central pathe must again. theve got your foot on accelerator, the government has its foot firmly on the fiscal break. sorry to mix a metaphor. what you think the impact

it's the business sector. they've got cash. they've got the capacity. and instead of scaring them into spending it as raising inflation target might do, we ought to give them some positive incentives. and the business community has been very vocal about how they feel this administration has been anti-business and it's hurting them. >> brown: but you earlier said you didn't think the fed even had much in the way that it could do. now is that the argument or is it that they can do certain things as they suggested today, but those might pose new risks. >> i think they can do more things. they said it clarely in the speech. paul is right about that. but we ought to hold on to those in case the economy actually begins to go into a recession again. >> we have been growing for a year. and it's important to think about this problem correctly. and i think the administration has misdiagnosed it. this is a growth problem. the united states has been growing for a year. it's growing too slowly. so we need to throw everything at taking the long-term budget deficit off

of technocrat class which we see now and will probably see more like it and the vitality of the business sector. >> rose: when do you think they will sort of begin to increase the velocity of moving towards a different system than they have now, whatever that system might be? >> i think this next five years, charlie could-- and i stress the word could-- be a pivotal turning point in that type of dynamic. for a couple reasons. one, they've pushed the old model in terms of investment exports about as far as they can. >> rose: right. and number two, there's been a big shock in the world outside of china that's not going to support the demand underpinnings of the export model. so it's like hello, this is a wakeup call, the alarm bell is ringing. you've got change. and with that that change have to come much more focused on the chinese consumer, much more focused on the free and open entrepreneurial society that i think will be an outgrowth of the chinese consumer. and with that will have to come a much more reflective leadership on what that type of transformation means for basic issues of governan

the model of neutral economic impacts, hire public-sector spending through the result of expanded revenue, which has an impact on public sector employment and private-sector contractors that work for the city and those businesses supported by city employees and their wages. on the other hand we have the employment impact of reduced spending in restaurants, bars, liquor stores, grocery stores, and the rest of the private sector. the point was made that our assumptions about the pricing in san francisco and what consumers are willing to do in the change in prices is too small. based on national outside research it basically said how much does consumption change when you change the price? the price was made, -- the point was made, and it is a fair point, but that price sensitivity could be significantly higher because of the availability of places that were recently acceptable in the suburbs where even by of all of beverages. you would expect a bigger reduction in consumption outside, rather than say the national level, where it might be difficult to about side of the united states. we tested the sensitivity of the results for the elasticity of demand. we said that if we tripled the assumptions, what does that do

today the issues in our public sector and our private sector, the business community, need to be workings a team. we don't need one sector or another berating the other sector. >> i think it's important to note that you are the largest steel producer in the united states. yet, 14th largest in the world. the competitors are out there. what does that say about the u.s. economy and demand for steel in the country? >> well, the chinese got it right when they went and put $700 billion into creating real jobs through the infrastructure they had over there. in this country we have the same need for infrastructure, but we've wasted the last 18 months working at things that had nothing to do to really jump-start the economy and keep it running for two, three, four, five, ten years. the real problem is we've gotten away from making things. our gdp, manufacturing, is less than 10% of gdp. it should be over 20% in a healthy, growing economy. so we have got to get to the point where we are making things in this country to create wealth. >> so we need a national policy then to keep jobs here so that a

licenses, it the controller projected $9.3 million loss of spending on the offsale sector that actually averages over $11,000 per business based on the corrected numbers. big big -- executive director dick-endrizzi: that was a different bullet point that i was speaking to. and then the other factor that we actually have not talked about, commissioners, or you have not talked about, is the job sector loss. and i don't know if you want to make any particular comment in relationship to that. right now it's being calculated at 80 private sector jobs lost each year. and without the added increase cost calculated into the formula, what does that mean? vice president clyde: i'd like to add that job loss is not calculating lost hours. it is not calculating letting people go home two hours early, having them show up and letting them go home one day a week or closing an additional day of the week. people still show up as employed on the employment rolls but their incomes drop and we have seen this, i call it the slow drain, for the last several years. in fact, i think i pointed it out when i first started to come to the commission

if this task was given to the private sector, they are in the business of making money so they wouldcome up with a solution and as david said, it may not be the mer fekt solution, but it would be a solution and a direction or path which you could move forward to solve this problem on a regional basis and global basis. >> thank you. that's an interesting way to go about this, to consider. thanks. >> hello. i come from san diego, the hydraulic center is nonprofit training operation. most recently we're involved north california trying to increase water efficiency on the largest reservoirs there. out of this project which is a legislation project. i think there are lessons that might be relevant for what we're talking about here and i'd like to make three points. the first point pertains to issue of uncertainty. there are two issues there. characterizing uncertainty. that means uncertainty in our large scale models and down scaling, but also in demand, population growth, and other areas. the second issue with uncertainty is communication. i think that should not be underestimated becaus

because there are few options for people who experienced discrimination in the private sector with businesses, shops, private employers, private housing, a civil jury expressed a need to expand capacity to handle those grievances as well. while we would love to be helpful in that regard, that would be a significant increase in our offices responsibility and would require major increases in staff and. -- staffing. that was a recommendation we did not agree with, but we did point out there are three entities within the city that help with these complaints. one is the department of building construction. the other is the police, mainly around service complaints. then the human rights commission is tasked with helping to settle civil rights violation of all kinds, including disability rights violations. supervisor mar: the board of supervisors is not required to respond to this funding and recommendation, is that correct? >> i apologize. i have been told that the board would be responding to all of them. supervisor chu: if i might, it looks like we are responsible for responding to item 1, findin

the way. >> thank you. tough economy. candidates with private sector businessxperience to know how to build jobs are people who come from the government to spend their entire careers in the government and never had a job in the private sector. [applause] >> i used to play softball for the -- in the last guy in the world who should be standing care as republican leader of the house, having 11 brothers and sisters. we did not have much current of an america, you can be anything you want to be. you can do anything that you want to do. america has been an opportunity machine for 200 years before the day 20 years. the bigger the government gets, the smaller the people get the bill i never wanted to do this. i thought the government it was choking the to selling the golden egg. i believe that what washington is driven to take an active role in the government. sometimes i wonder. accidents asking me all the time. i tell them to get a real job. many people have sound judgment on behalf of their institute. >> good morning. thank you forthcoming. he mentioned paul ryan.

the russian currency to new heights as it serves as proxy trade for speculators that channel believe global business our team. you know the news record temperatures have pushed russia's services sector to its lowest growth since february orders for industries like banking and transport fell for the first. time in four months in july businesses reported that workers have become less productive claiming they hate. russia's central bank increased sales of bonds to a record thirty four billion dollars that's a five fold surge from a year ago the state uses the bonds to remove rubles from the markets and control the exchange rate policy to help curb inflation to a twelve year low of five point eight percent in june. time now to see how the markets are performing in europe since july darkie some weeks before its from banks allied irish is down almost seven percent after first half net losses why didn't one point seven billion euro standard chartered issued a cautious four call sending its shares almost three and a half percent down there was good news for the sector there was a noise frankly in the group or did strong results. from russian stocks are falling for a second day as we've give

the risk associated with the sector. ultimately meaning the banks can see financing. business r.t. . b.p. may become the first russian private oil company to operate in vietnam on thursday it's signed a memorandum of intent with local company petro vietnam to gave says it made to the country a boost capacity one of its all refineries the company doesn't currently have anywhere to bid on but there are reports that it might be interested in hearing some covered by shareholders but his patrol. and one of the largest bombers of russian gas warms even cheaper prices for the blue fuel german company droid gas that made that amount according to russia's a very last newspaper or last year gazprom agreed with a five of its european buy is on the. cards worth two billion dollars by the beginning of august the old chief executives of the company will start losing revenue if its main supplies don't lower prices in the early twenty ten. to supply fifteen percent of gas at small places meeting two hundred million dollars less revenue for the russian giants. take a quick check now on how the markets are