with the party's finances in shambles sarkozy -- 510,000 euros. th the party's finances in shambles, sarkozy arranged a fundraiser. they were able to clear the debt, but investigators are trying to find out if this was a breach of trust. should these financial penalties have really come out of his own pocket? >> a lot of focus on the supreme court's decision in the u.s. to reject appeals against gay marriage in five u.s. states. >> that is right. it was a move, or maybe lack of move. the papers are focusing on that. it took a lot of people off guard. it came without explanation and against expectations. a lot of gay couples rushed to get married. this right extends to residents in six other states as well because the appeals there depended on this appeal. it is confusing. there is a great map that is the guide for it gay marriage in the u.s. it explains where gay marriage is legal. the blue states where it's illegal -- the blue states. where it's illegal, those are the yellow states. and the light blue states are where it is pending. many are appla

we have to prove it finallyly and by the curriculum i think it fabulous but your finances are troubling i think you've heard that cross the cardboard here the finances are part is a big issue we know it's expensive and i know when it came to us with march and he said oh, you know this is online school and never been done before i felt like, man i'm not going to be experimenting with our captioner or children but i'm glad it's not that model and evolved to this model there where there's 0 not just o'ly envisioned kids at a computer and being isolated it's really very come municipal and nice county so mr. henderson it's about the finances here i know that you were in a hotels for a while or if that's not true. >> in the first semester in the first flex they were in the basement of a hotel and while in the lease of 55 post it was being negotiated at the beginning of the second semester it moved into the fall out we are that into until this year 5 post street. >> there was a huge rental costs. >> in 5 post there was a huge rental cost and an escalating cost. >> when our parents came before

at the same time you look at what other finance ministers are saying, the austrian finance minister, the dutch finance minister -- they were firmer in their insistence france needs to bring the budget deficit closer to 3% of gdp. it is going to be 3.4 this year, four point three next year. the finance minister said france has got to get real, with all due respect. at the same time, the french france'sinister says national sovereignty has to do with france and is centered in france and not brussels. do thebig question -- germans or dutch have to give the french anything? >> here is where they give is. spending too much according to regulation. you top up the european investment bank. here is what the luxembourg and finance ministers said last i think there was a large consensus we need more investment in the european union and those countries that have a good fiscal situation should do more in terms of public investment on top of private investment and that the new plan of the commission is expected to be hundredted. billion debt free hundred billion will be a good stimulus to growth.

so the first visualization that you are familiar with is the campaign finance dash boards and, they started this in 2012, and this is the third year that i have produced one of these, and to interactive web tool and it is the sunrises that the campaign finance data that we have and the entire site is built on open data. the second project... >> steven, i am sorry, could you explain what the map is at the bottom of the page. >> i am going to go through each of the projects. >> sorry. >> the second project is a balance lot measure dashboard and this one we have done the summaries in the past but this one is different and because it allows you to browse all of the activity, by only knowing just the measure letter and so you don't need to know the committees involved and you don't need to know the different contributers it will just display the information as long as you know the measure letter whether or not you want to look at the supporting or opposing side. and the third project that i am going to go over, is sort of a fun project and this one is called a democracy facts label. and it is su

president, and but, the finance and planning committee has voted on extending all of the items for the commission's approval. >> okay, does anybody, othe consent calendar is before us, does anyone want to extract anything from the calendar? all of those in favor? >> aye. >> all opposed, the consent calendar is accepted. >> the next item on the agenda is the health commission vice president election and there is public comment. >> and there is public comment, and it is at two public comments on here. >> yes, sir. >> but the yellow piece of paper. >> yes the yellow paper. >> okay. so i have two public comments, and again, two minutes, please? and first it will be cathy davis, and followed by terry lang. hello again, and i am the executive director of bay view hunter's point senior services and i just want to say something about commissioner mcgee because she really is the first commissioner i have ever seen, willing to come out to the community and ask what we need and find out what is going on. and she could be voted in as the vice president and i just want to say that would be a great

the bonds currently outstanding were issued by that authority so it will be an agreement with the financing authority and the commission or the ocii and the trust that takes care of the actual nuts and bolts and we can't guarantee if that comes through we'll prices the bonds in early perhaps the first week and prior to december authenticating is our goal of the transaction that concludes my presentation. thank you. >> thank you madam secretary are there any speaker cards. >> no speaker cards. >> is there anyone that wants to speak on this matter okay. so now i'll public comment is closed are there any comments from fellow commissioners. >> i want to move this item for vesting the process. >> it's been moved. >> i want to get x persons what kind of competently pens they have before this you know, i never saw them before we've worked and duplicate a substantial amount of with work with sea full and baxter they've done the deals and they know our credits and steve inform is in both of the deals and pipeer did a lot of deals over the past five or six years it's bigger the bond they know us very

the french finance minister says stagnation could become chronic. we will hear from them throughout the show. pershing square drops. we spoke to bill ackman in an elusive interview. street, they wall start trading on the new york stock exchange. we will be speaking to the ceo and the chairman. this is a great conversation coming up. good morning to our viewers in europe. welcome to you waking up in the united states. it is columbus day. i am guy johnson. this is "the pulse." we are live from bloomberg headquarters in london. we are not seeing eye to eye when it comes to shares slumping. let's talk about the markets. last week was brutal. are we getting a bounce this morning session mark yes. week, $1.5 trillion wiped out. let's talk to jonathan ferro about the action we are seeing. it took about an hour to happen and we had the turnaround. stocks are swinging up and down. it is been very volatile. how much attention can we pay to the rebound? the question i will ask an the point i make is the discussion and the debate has changed in its tone and dire

paul joins us now and is the finance director at the recruiting giant. great to have you this morning. numbers this morning. positive growth for the largest regions grew simultaneously. what are you doing that is working so well? >> we have dominant positions in a number of markets and we are number one in the u.k. and australia. better and we have seen more uniform growth. paid an ugly picture of europe. weakness was that and the.k. is mature is int play in germany i.t. and engineering. not immune to the market. we have lower economic growth in germany and europe. france is at 7%. france is up. there has been a week economic backdrop for two or three years now. people are saying they know the economy is weak and they have to get on with their life. they look from one company to another. it permanente workforce is temporary. they make a substantial part of the business. and growth isdly on the permanent side of the business. talk about what it means for the economy and hayes. >> why is it important? it is all about temp. growth,nt they change it accelera

looking at the city finance officers, we gauged the informed opinion of the city finance officers andnd that we know the city finance officers are dealing with their budget day in and day out and they see the impact on the residents every day. so, gauging their opinion is critical to the city finances nationwide. specifically, we ask is there a city budget better able or less able than last year to meet the financial needs of your community clinics. could this chart shows better able, less able, a blue bar is less able. in 2014 a staggering 80% of the finance officers report that they are better able to meet the financial need of their community than this time last year. more city finance officers in fact report a positive outlook this year than in the 29 year history of the survey. now, generally speaking, i tend to be the glass half-full kind of person that i think we need to look at both sides of the story. if you think about the 80%% the prophecy that prophecy that means 80% were worse off last year. it is indicative of the magnitude of the recession and what they think during the

>> the french finance minister said your rep stagnation it chronic. become going to dutch. -- going dutch. an exclusive interview. cruising. trading on the new york stock exchange. later, we will speak to the ceo and chairman. ♪ >> good morning. you are watching "the pulse." i am guy johnson. what we have coming up for you? not seeing eye to eye with shares, they are slumping. thesecond to see up -- second ceo in a couple of months. let's talk about the global stock market. about the big picture. oil down again. stocks selling off. there were talks and maybe we will get it and that is not ? ppening, is it >> not right now. it is down 1% on the dax. are 33 points lower. these are big, big losses. let us see how the day pans out. the problem is most of them will not be in today. equity markets are closed. but markets close. -- bond markets close. we will wait and see how the day pans out. last week, with had a shift in the debate. the debate and conversation is from the about the prospects of european recession and inability to address that. >> let's mov

we are live on the city streets. >> finance minister meet in luxenberg to discuss next year spending as the region has -- billionaire scratches his plan to acquire a majority stake after ms. improved bid was spurred by the owner. >> welcome to countdown. it is just 6:00 here in london. hong kong police are using to takedownnd makeshift barricades. it comes off to the hong kong ceo warned he was losing patience with the demonstrators. we are joined live a from the protest site. give us the latest. >> as you can see behind me, traffic is flowing in both directions. this is something we have not seen for 17 days since the protests started. the protesters had blocked off of this road. this is one of the main thoroughfares leaving in and out of the financial district. about three hours ago, the police came in. bambootesters erected barricades to reinforce steel ones. the police had to move some of those barriers as protesters spent most of yesterday reinforcing the ones they had. police took them down pretty quickly. right now, the road opened up maybe 10 minutes ago. the truck is picking

the jpmorgan numbers. they're out early. ireland's financeter outlines lance to end the controversial -- outlined plans to end the controversial tax break. michael noonan has been under pressure to phase out the tax. >> the double irish has come to symbolize flaws in the international tax system. how does this loophole work? u.s. companies licenses its intellectual property to an irish company. legally based offshore. like in the sun kissed bahamas. they license the rights to the second irish company. blarney corp. receives income and it pays next june no taxes because they are offset by royalties and fees. uncle sam pays no federal taxes on the income from his irish subsidiaries because the earnings were not made in the u.s. and it all adds up. that was up 12% from the year earlier. that equates to annual revenue loss to the u.s. of over $90 billion. u.s., the u.k. chancellor, george osborne, mentioning this in his tory party conference speech. is a multi-fronted war and eric schmidt is back in berlin trying to soften google's image. >> what

clearly, the finance minister has other ideas. one ministerial adviser says it is unlikely that hollande did not give the go-ahead for this. he cannot one day appeared to go against -- one day appear to go against valls and then, three days later, allow this to go out. >> [indiscernible] >> they are trying to capitalize on the murders of the monks in 1996. seven monks were killed at their monastery. this is best known from a french film, "of gods and men." they want to establish the agenda the of the victims. they want to make illegal -- establish the identity of the victims. they want to make a legal identification. they say there is no doubt that it was jihadists who were responsible. the thesis has been challenged in recent years. some say it may be due to a possible blunder by the algerian army but an algerian presidential advisor told "le figraro" that the team will not uncover any earthshaking discoveries. he says that the operation is probably more a public relations one, intended to influence french opinion. >> let's move o

with the finance minister. he said francis deficit should not be reduced at the expense of growth. >> it's not about time. it's about rhythm. inflation collapsed. >> japan also reinforced the belief the eurozone can only return for help if 18 other countries manage stability for the region. >> we shouldn't point fingers at each other. neither those that can make an effort for their investments. we need to keep making efforts to boost the budget. we need to have a collaborative vision. a good way is investment. you need investment in infrastructure, a little public investment, and a lot of private invest in. >> pershing square holdings begins trading. for more our international correspondent joins us on the line from amsterdam. bit we area little going to see what the new stock is going to be trading at in amsterdam. it was valued at $6 billion. we will have an interview in asking whyours time it is important to have access to permanent capital. >> you can see the full interview. focus is ebola. one of the nurses

we are very confident that it will and we've got the financing in place to be able to make it work. >> okay. thank you. we'll look forward to having more detailed information in the future. >> commissioner? >> yes, thank you jonathan for your presentation and i want to thank all the passionate speakers, you were great, all positive. yeah, i have seen the show sefrlt -- several times ands enjoyed it every time i have seen it. why wouldn't i welcome a good tenant in good standing at the port and especially an owner that is going to come in and put up their own money and invest in that area in that particular block. my hats off to you for doing that. the architect, your sketches are preliminary but i think you are on the right track there. a lot of nice open space and park and you can see right through, i like that and yeah, i like it and i think you should try to work it out here with good relationships with the port and good luck on this. >> commissioner in adams? >> first i will like to thank everybody for coming out. this project is very bold. they always say art imitates life. this

places, not least for the two things we are expected to watch out for in this announcement from the financeinistry. one, the deficit. we knew it would be 4.3% of gdp next year, but now we know it will not meet the eu target of 3% until 2017. the other target is growth. 1% next year rising to 1.9% in 2017. that is a key part of the governments plan to cut the budget deficit. but already, many have said those productions are too optimistic. >> this budget was presented by a government that has been struggling to get its finances in order. the finance minister admitted think -- admitting this morning that france is facing a very difficult situation. economic growth has stagnated. inflation is low. unemployment is high. the public debt has hit 2 trillion euros for the first time ever, and there's the looming problem of the budget deficit. it is expected to come in at 4.4% gdp for the rest of this year. france is not expected to hit the eu target rate of 3% until 2017. despite this rather gloomy outlook, the old law and administration -- the francois hollande administration is sticking to its co

reviewing that myself and the recommendation go i'm going to go with their recommendation based on finance and budget i'd like not support it but if you do anything successful in that you have the opportunity to serve the students thank you very much. >> commissioner maufas and i want to get a clarifying question so in regard to k 12 the organization and i heard this at budget & finance committee meeting she talked about the credits which came sort of at the end of the fiscal year process and said how much you needed and they'll give that credit based on that but you've talked about it as to it's as grants and they spoke in a similar fashion did you all go back and have a discussion about them putting it getting the money or giving that credit to you on a revenue side in the front ends of the process did you have that discussion and we raised it as a discussion but to say this is something that's going to happen won't be accurate but we definitely raised it is important the reason how confusing is t is. >> i agree so what do you and i'm not holding you to this since you're not going to get

the people didn't rake the sidewalks how do we handle that. >> i think the plan as envisioning the financing would cover the routine visits to the tree and long term tree care and management but the sweeping of the trees leaves are the responsibility of the people to keep their sidewalk clean we'll certainly have more people out on the street and there be addressing the issues but we don't have a mechanism to have someone sweeping. >> i think a good mechanism to inform what was going on the sweeping street sweeping concealed when the truck picks up older items and say this is what parcel that hadn't been swept for months. >> thank you commissioner antonini. >> yeah. i agree with the fellow commissioners we need multiple funding for resources the one source is only take into account people that own property and the argument they'll be funding places where there are not preservation trees we want to encourage new areas to cast a wider net certainly like general obligations and sales tax is hard to do but that is a way to capture revenue and people my enjoy san francisco but not live here that'

understanding ta we have a huge capital program with the huge financing, and upcoming financing in the coming years. >> but i will be happy to respond in detail next week. >> okay. >> thank you, and perhaps... >> i am sorry. >> just a question on that. >> just in terms of the threat of you know, harming our bond rating or our ability to get the bonds, is that based on something that is mechanical in the market? that we do this? and by chain reaction, that something happens or there is actually decisions that are made that are more political that would seek to prevent us from going forward? the program like this, because it may essentially threaten the way that business is done, and the way that things are according to wall street, investment banks and bond companies? >> you know, i believe that the city has had the benefit of going competitive for all of the transactions and we also had the benefit of lower interest rates and the competitive interest rates and even when compared to the similar ratings and i understand that the banks that would otherwise feed on our bonds could potentia

treasury to disrupt the financing of the islamic state also known as isis. he refused the source of revenue strategies for disrupting down. he spoke at a forum. this is an hour. >> good morning. i am marwan muasher, director of the middle east program. i want to welcome you to carnegie and thank you for joining us for this timely discussion on u.s. efforts to disrupt the financial network that support islamic state of iraq and the levant, what is called isis. i see there is enough interest in this room for this issue. overflow. public attention has focused on the military efforts to degrade isis, there is another effort being led by the treasury department, which is focused on shutting down the flow of money to isis from outside sources and through smuggling networks. it has been estimated that isis country produces over 50,000 barrels of oil for day, which can provide between one and $2 million per day of revenue. this is in addition to the funds the group collects from activities such as extortion, kidnapping, and illegal surcharges. isis is considered the

for the multiple finances doubling the finances for second and tripling for third offices and ask for registration numbers to include when they rent out their residence and strengthen the requirement that only that one application will be permitted for every permanent recipe and clear that posting platforms will be subject to enforcement for various violations we've continued to hear about other concerns i've got several other amendments to further improve enrollment amendments offered by the public and in particular, the planning department and i think them for their feedback on this and a number of things first of all, we require every host to report at least two times a year the number of dazed that have been rented out on a short time basis so for every individual host whether or not they're in compliance and direct any civil or administration penalty back to the department for enforcement and we'll been asked by the participating to put a program in place to establish an open active date of february 1st of next week next year to give them a couple of months to enforce this in a p

don't finance the tv don't finance the tv? don't finance the... what are you gonna do pay cash? don't finance the car if you can't pay for it don't buy it oh come on don't buy it don't finance a car? don't buy it countless thousands... tens of thousands of people watching are you kidding so how would they pay for the car? sam walton. you know what sam walton... the founder of walmart, you know what car he drove? all his life? 1985 ford pickup. he could have bought a car company but he bought... but he drove a ford pickup an old one and so you're saying buy what you can afford you say? a little oversimplified to buy what you can afford um i think when people run into credit card problems it's easy to get that check from that second mortgage to say ok this is now i can sleep tonight but did you go back and look at how you got to where you were? that learning process will determine what you do when everything starts the next day and you got those cards paid off which now you have very large lines yup that have nothing on lines of...? credit got it and nothing on em so now you know i

>> i reported on the finance committees already, but we did hope to plan, a set of, and set a one, and schedule meetings in the future to use that as a planning, meeting, and that i believe, that we are looking at the beginning of the year, to do that. and when we have the clearer, and calendar. >> and is there also, and i will ask the director, and in terms of the upcoming budget, is there any sense of direction in finding for that? >> they have not released, i know that this city, now is working on the five-year, plan projections, and from the city, and so, that will inform us, and then, we will used to get it probably in december, and in december, >> around december. >> yeah, so we are

>> i reported on the finance committees already, but we did hope to plan, a set of, and set a one, and schedule meetings in the future to use that as a planning, meeting, and that i believe, that we are looking at the beginning of the year, to do that. and when we have the clearer, and calendar. >> and is there also, and i will ask the director, and in terms of the upcoming budget, is there any sense of direction in finding for that? >> they have not released, i know that this city, now is working on the five-year, plan projections, and from the city, and so, that will inform us, and then, we will used to get it probably in december, and in december, >> around december. >> yeah, so we are already working internally and we two budget meetings, one before and one after. >> all right, any further it efms for us to consider under the agenda setting. if not, we will go on to the next item please? >> we are on a closed session vote. >> commissioners? >> and we are there and any public comments on the closed session? >> there were not any questions. >> then we are prepared to vote on whether

i think they are fully engaged in the effort to combat isil financing. we will work with partners in the region on these issues. with respect to the question on agriculture and isil selling weapons. they are able to engage in activities within the territory where they are currently operating, whether it is stealing crops and selling them for coming into weapons that have been left behind -- selling them or coming into weapons that have been left behind, that is all activity that we are aware of, that there are ways to address, particularly if it is going beyond the borders of where they operate. but, fundamentally, it's going to require pushing back isil from the territory where it operates and freeing the lands where they are, as well as -- that will work on the extortion networks. it will work on the fulfilling of crops they are stealing. >> could you please talk a little bit about -- you said there had been some success in your conversations with countries, i'm guessing primarily european countries, about no longer paying ransoms to isil and other terr

the outlook of city finance officers. general fund revenues, workforce and personnel and ending balances. i will discuss the most impactful factors on the city's budget as well as how cities are responding. without further adieu, it's not a surprise that this year's survey reveals although the worst is behind them. finances have not yet recovered following the great recession and here's how we know. looking 59 city finance officers, we gauge the informed opinion of city finance officers. ganling their opinion is critical to the outlook of finances city-wide. we ask is your city's budget more or less able to meet the financial needs of your community? this chart shows the percent reporting better able or less able with the gray bars better able and the blue bars less able. in 2014, a staggering 80% of city finance officers report that they are better able to meet the needs of their community than this time last year. more city finance officers in fact report a positive outlook this year than in the 29-year history of the su