we've also been speaking to the finance minister. i don't want to rain on cyprus' parade, but the fact remains they've got a huge number of challenges. the nonperforming loans, for instance, as a percentage of gdp are considerably north of 100% still. so they're still working through that as well. they're working out what kind of economy they're going to have forward. three, four years ago it was all about the russian money, offshoring here, and then using it as a center to speend fdi ba to russia. so that model is gone but not completely disappeared. the questions remain about the finances going forward. the broader eurozone crisis. i spoke to the finance minister about how they're going to finance themselves going forward. they're fully financed for the next four years but still have bonds which are below investment grade or at junk grade. they're not going to get support from any ecb bond buying to tie in with the broader issue of the day as well. so questions about when their going to go back to the market. i spoke to the finance

microsoft could step in to provide part of the financing. company tried but failed to take over yahoo! in 2008. also in the united states, "playboy" may come up for sale. is. company has hired an advisor to look at a possible sale of the entire firm. it is exploring his options after putting the founder's mansion on the market which sparked strong interest. fromboy" is under pressure free adult entertainment online but could still fetch more than $500 million. not too shabby. anchor: clearly a valuable brand. >> most traders around the world are off to to the easter holigñ ♪ amy: from pacifica thisis is democracy now! [captioning made possible by democracy now!] >> in a lot of ways, erik prince is like a mafia don, able to atid -- now they are looking mercenary services brokered in africa and elsewhere around the world. in some ways, erik princnce is e

. >> wanted to provide in background on the finance plan for the treasure island program many context of the housing plan as 2011 and some of the challenges and opportunities that are before us as we move forward with the program. >> the housing program for treasure island calls for the communication of 8 thousand new ruled 25 percent are 25 units will be affordable and 4 hundred and 35 of the for the residential units initiative and three hundred with 5 percent would be inclusionary housing constructed by the developer the balance of the florescent be with the mayor's office of economic workforce development mayor's office of housing and community development the map before you shows the sites that are were the ludicrously plan for the affordable housing and four sites indicated that were originally programmed more affordable housing when the program was promoted with thirty percent affordable and there is still the opportunity this could be available and 80 sites that are in the current plan for the affordable housing. >> so some of the challenges and opportunities that are before u

on the state legislation items from the finance committee? >> yes, hi, gilbert kriswell. i wanted this body and the executive director to lobby our state officials like mark, and phil tang and david chui for money to go to the central subway expansion to the north beach. the south side of the city is cut off from the north side and i live at market and geraro and it is very difficult for me to get even over to north beach. i have to transfer to 3 different buses. so, that is my public comment to lobby for more money and what the surplus in the state you should have the governor, approve it. thank you. >> thank you and we have a card from bob flanhold as well. >> okay, so he will speak on the next item. >> so colleagues we have heard the public comment and we will close public comment and can we approve the legislative positions with the exception of this severed item? could that do that without objection? >> thank you. now, to ab 1641, and the connected items, supervisor weiner. >> thank you very much. excuse me, very much, and thank you for preceding over this portion of

. >> wanted to provide in background on the finance plan for the treasure island program many context of the housing plan as 2011 and some of the challenges and opportunities that are before us as we move forward with the program. >> the housing program for treasure island calls for the communication of 8 thousand new ruled 25 percent are 25 units will be affordable and 4 hundred and 35 of the for the residential units initiative and three hundred with 5 percent would be inclusionary housing constructed by the developer the balance of the florescent be with the mayor's office of economic workforce development mayor's office of housing and community development the map before you shows the sites that are were the ludicrously plan for the affordable housing and four sites indicated that were originally programmed more affordable housing when the program was promoted with thirty percent affordable and there is still the opportunity this could be available and 80 sites that are in the current plan for the affordable housing. >> so some of the challenges and opportunities that are before u

on wednesday the country's deputy finance minister admitted he was offered a promotion to become financetear by a member of the goupta family, u.s. secretary of state said sergei fedorov with a need for political transition in syria is urgent and comes as representatives of the government and opposition attend talks in geneva. while the opposition continues to engage in those talks questions remain about its future. in the last five years dozens of armed groups and political fronts have been formed but so far they have not been able to achieve the democratic transition they originally set out for. and we explain. >> northern aleppo to raqqa and homs in the center but it has been diverse in recent years. fighters have fled from homs what was once their stronghold. raqqa is now the capitol of the islamic state of i iraq and the levante and syrian opposition groups say the will to re-moore bashar al-assad in western countries including the united states contributed to losses and the strongest groups fighting in syria either pledged allegiance to aisle or al-qaeda and many syrian soldiers an

mark: a quarter of the financing of the building. given the politics of it, why take the money from china, is this the only place where this project can find in of investment to build? >> i think one of the reasons the program is very popular is because it is basically free money. the investors do not really want a return on their investment, they want the green card. where you may have to borrow from a bank 6% or 10%, with these investors, you can give them no return. so it is like getting a quarter of your financing with no return. the reason the program is of interest, the department of homeland security and gao have raised concerns about the inadequacy of the screening process, figuring out where the money is from. they are concerned the program enables money and laundering and could jeopardize national security. two years ago, there was a memo that charles grassley read on the floor of the senate raising these very distance. the gao followed up months ago with similar questions. mark: we said in the beginning there is nothing il

now the finance giant tells us about his next move. going to the markets desk were julie hyman has the latest. julie: on a day we are not saying much movement as we go toward the end of the quarter here, the end of the first quarter of the year, the major three averages doing nearly nothing. we have had the big bounce back in stocks over the past several weeks. take a look at this #. the 10.5% drop into february 11. since then has bounced a nearly 13%. we have also seen a recovery in commodities. example, in the same time this has helped to fuel the games. taking a look at commodities for the year to date, as well as the dollar. here today to gold futures up 17%. -- year to date, gold futures up 17%. the best performance since 1986. crude oil has bounced example, e this has helped to fuel the games. taking a look at commodities for the year to date, as well as the percent since the low in february. now of 4.5% on the year. the dow havinge, a down month and quarter. this is helped to fuel the gains and commodities. and then the recent ga

the reason why the finance minister stuck to prudence, 3.5%k to that 35% -- target. e governor has been very clear that sticking to the roadmap, particularly with some of the states increasing, is critical force -- critical for spending the rate cutting cycle. could become quite quickly, could come this week. a big 50 basis rate cut, which i think would make a real impact on confidence, would have a real effect on the private sector. past,d: given that in the he has encroached on the sovereignty of the central bank. he may want to wait a little bit before.net. doing that.fore >> yes. i doubt the governor will wait that long for getting some kind of reward for fiscal prudence. i think the inflation outlook -- outlook does look relatively benign. the good look to me is that the food shock from this year's monsoon does appear to be flattening out. prices have absolutely soared, up 45 percent to 50%. but, there is one aspect to it all which is -- india is an economy which is largely domestically driven. it is not that much, how can i say, at the mercy of what happened glo

siv jensen, the finance minister of norway, joins us. re we take a short break, the this is what the markets are doing yesterday. we saw a lot of euro-dollar volatility. today, the banks leading gains. we will talk more about oil with norway's finance minister. ♪ francine: welcome to "the pulse" live here in london. let's get straight to the first word news. yuan hase onshore erased it declined to the year after china central bank raised its daily reference right by the most in four months. the magnitude of the fixing increase, the australian and new zealand banking group putting it down largely to a euro realall. jpmorgan is cutting several emerging market trading units. prices andoil china's economic slowdown have hammered the bonds in emerging market countries over the past year. old mutual is to separate its emerging markets wealth, banking and asset management units to boost growth. it says the move should be completed by the end of 2018. as the firm posted full year net million pounds. global news powered by a 2400 journalists in 15

and then on the final slide, we show the office of pub welcome finance has considered the cop program as a whole over the long term and found that we are able to finance this program with cop's while staying within the capital plan's policy of not exceeding three and a quarter percent of the general fund discretionary revenue with cop debt. i'm happy to answer any questions and i'm very thank f for your time this afternoon. >> okay, colleagues, any questions or comments? should we open this up to public comment, supervisor? >> yes. >> okay, with that, i will move this up to public comment, anybody wishing to comment on item number 2? >> welcome to the animal jungle, please give them what they need, they need lots of good things and something to believe ( sickbacker singing ) welcome to the jungle, welcome to the jungle, can't you see, welcome to the animal jungle, and they'll need a place to go, and they're deserving of this money, please give them the dough, welcome to the jungle, welcome to the animal jungle, this is what they need, a new shelter, welcome to the animal jungle and th

nish: that was the fin finance minister talking about a different aspect of the problem. you have turkey and its needs, turkey asking for monmouth -- for more money accommodating the refugees. need help from the european union -- and also, this is just as important for they neede -- financial assistance to deal with their own problems that began before the refugees. namely, they need more bailout money. the imf has been holding out. we hear their the finance minister saying he thinks the eu will put pressure on the imf and there will be some kind of deal. you look at the two-year greek bonds, you see investors sharing optimism. you hear their from the finnish finance minister, they think all of these efforts to solve the refugee crisis in an indirect way will help greece get more assistance to deal with its own problems and we might see an imf troika, quartet mission in athens as early as tomorrow, some of the delegates are telling us. for joiningthanks us. good to see you. bloomberg's ryan chilcote. coming up on "the european close the u.k. referendum draw near. a group

the u.n. security council, finance ministers met. i chaired the meeting and we had unanimous vote to designate isil in the same category as al qaeda. which exposed anyone having even an intermediary role to sanctions. it's all rooted in the ability to see it and act on it. fada was at that meeting, fadif is following up with countries to help build the capability. but i don't want to exaggerate where other countries are. we're ahead of our most sophisticated colleagues, and we offer a lot of assistance, for example in western europe. when they need leads to be followed up on. >> and in light of what happened today in brussels, i'm sure there is a need for expansion of fadif. >> we have reached out to offer assistance, as we did after the bombings in france. and we do on an ongoing basis, sharing information between when it's appropriate. >> thank you so much. and at this time i'd like to yield the balance of my time to the ranking member, ms. waters. >> thank you very much. i'd just like to give you an opportunity to share with us you

on the state legislation items from the finance committee? >> yes, hi, gilbert kriswell. i wanted this body and the executive director to lobby our state officials like mark, and phil tang and david chui for money to go to the central subway expansion to the north beach. the south side of the city is cut off from the north side and i live at market and geraro and it is very difficult for me to get even over to north beach. i have to transfer to 3 different buses. so, that is my public comment to lobby for more money and what the surplus in the state you should have the governor, approve it. thank you. >> thank you and we have a card from bob flanhold as well. >> okay, so he will speak on the next item. >> so colleagues we have heard the public comment and we will close public comment and can we approve the legislative positions with the exception of this severed item? could that do that without objection? >> thank you. now, to ab 1641, and the connected items, supervisor weiner. >> thank you very much. excuse me, very much, and thank you for preceding over this portion of

but we have the core of the financing plan in place. e budget in our financial plan that we are submitting. >> so, again, just to kind of summarize where we are. and the ordinance, that we have before you today, is requesting that based on the benefits that we believe that we can receive in terms of clinical, patient safety and patient care, better data for medical research, and population, health research, and we think that those are benefits that are achievable, by virtue of the partnership with the ucsf and that if we leverage that and we can get a benefit for our patients that we cannot get in any other way. it is not simply, selecting and we have vendor, and we are saying that we want to pick one of them. we are saying that we want to go a different approach and then turn to a public, sector partnership that we think ko do unique and that is why we brought this ordinance to you today. to request your authority to enter into negotiations with ucsf. to see if we can make this agreement work, and enter into a partnership and the author

and the state, highway and protection program is the main program or the main, financing source at the state level for the projects that are approved or we construct that provide, major maintenance and reconstruction, as well as the operational funding to operate the state highway system. and the funding is generally, only available to the cal trans. and the ctc and the annual report, recommended the expanding a one small provision within this program to allow the operations, to also have capitol improvements. so previously, up to now, the operations will be you know, widening the guard rail, and you know, expanding tauxiliary lane, and this allows for the capitol projects to qualify for the same projects. this bill, ab2374, was introduced by mr. chui. and we are recommending that the transportation authority not only support but register as sponsors of this measure, because it came from staff conversations with the author's office. and it would uniquely expand, or authorize, some what uniquely authorize, that the ramps, for the -- island, program and the ramps that connect to the brid

the financing for the project, one quarter of the financing, about $50 million, is coming from the eb5er words, the kushner team went out and found 100 people, almost entirely from china, who each put in $500,000, providing in loans to help build this $50 million building. said, it is about a quarter of the financing of the building. given the politics, why take the money from china? is this the only place this project can find enough investment to build? jesse: i think one of the reasons the program is very popular is because it is basically free money. the investors don't really want a return on their investment. they want the green card. you might have to borrow for a bank at 8% or 10%. with these investors, you can essentially give them know -- no return. it's like getting 1/4 of your financing for no return. the reason it is of interest is that the department of homeland security and gao have raised questions and concerns about the inadequacy of the screening process of where the money comes from. they argue it could enable money laundering. it could jeopardy -- there are concerns

and the state, highway and protection program is the main program or the main, financing source at the state level for the projects that are approved or we construct that provide, major maintenance and reconstruction, as well as the operational funding to operate the state highway system. and the funding is generally, only available to the cal trans. and the ctc and the annual report, recommended the expanding a one small provision within this program to allow the operations, to also have capitol improvements. so previously, up to now, the operations will be you know, widening the guard rail, and you know, expanding tauxiliary lane, and this allows for the capitol projects to qualify for the same projects. this bill, ab2374, was introduced by mr. chui. and we are recommending that the transportation authority not only support but register as sponsors of this measure, because it came from staff conversations with the author's office. and it would uniquely expand, or authorize, some what uniquely authorize, that the ramps, for the -- island, program and the ramps that connect to the brid

we've been hearing warnings from the likes of the german finance minister, bank ceos warning it's not having the intended effects on household s but highlighting what it means for financial firms. many point out this is a tax on financial firms. we will talk about how the financials have been performing. once again, the bis raising those risks, and timing is crucial. as you mentioned, we're getting ready for the ecb meeting on thursday. ecb widely expected to go further into negative rates no coincidence this warning. the leadership of china's communist party emphasized growth over reform at the national people's congress. the shanghai and the shenzhen both moving firmly in the green. for more on this let's get to eunice yoon standing by with the latest. >> reporter: hi, nancy. the government acknowledged concerns about the economy and the slowdown in growth. over the weekend the chinese premiere said he decided to lower the growth target to 6.5% to 7%. that's seen as a positive move to many, but some economists, actually many economists, have been concerned that the policymakers in c

gdp, the ratio the china has, 250%, and you look at this isric in particular, which total social financingn china. we have had a lot of easing coming through from beijing, and this is the one that got people worried that they will be adding to leverage when they should be deleveraging. he talked in particular about the corporate debt overhang of bad loans as something that needs to be addressed while still trying to maintain this medium level of growth and development in the economy. angie: but how? things, quitethe debtroversial, is equities crops. the financial institutions, the financial sector, is still fairly undeveloped. that's going to be something they will need to address. is looking at plans to convert that into equity stakes, and this seems controversial, because what you have are banks that can take the bad loans from corporate's and conferred them into the stake of the equity of that company. it is great for the companies and the balance sheets in the sense it gets bad loans technically off the books and frees up more money for the banks to lend -- t alongbut it passes i to th

the u.n. security council, finance ministers met. i chaired the meeting and we had a unanimous vote to designate isil in the same category as al-qaeda which exposed anyone having even an intermediary role to sanctions. it's all rooted in the belief to see it and act on. fada was at that meeting, followed up with countries to build the capability. but i don't want to exaggerate or other countries or. we are even ahead of our most sophisticated colleagues, and we offer a lot of assistance, for example, in western europe. >> and in light of what happened today in brussels, i'm sure there is a need for expansion of fada. >> we have reached out to offer assistance as we did after the bombings of france and we do on an ongoing basis sharing information in between when it is appropriate. >> they do so much at this time i would like to yield the balance of my time to the ranking member, ms. waters. >> i would just like to give an opportunity to share with us to attempt to cooperate and your desired to work with us in a reasonable manner. >> t

changing the entire personal finance sector. hot star who has been defying bc caution with success that is being defined differently from other sectors. we talk about funding that suggests the success of the company. and here is a hint. this person will be sleeping with the sharks. ♪ ♪ cory: on today's financial board, automated startup funding. some silicon valley companies are having trouble with valuations and are seeing them cut. firms are truly disrupting financial services. john joins us from new york. i have to tell you, on our bloomberg radio broadcast, just about every financial services firm we talked to of any size talks about what you guys are doing with robo advisors. what is it that has these big companies so concerned? john: it's great to hear that people are talking about us. we have been -- cory: you are making them nervous. john: we have been building i think a crazy flow of business financial services that turns the model on its head, providing unbiased advice and better service than people have had in the pas

to discuss it, i am joined by the finance minister of}. thank you so much. talk about what could go on. looking at the bond yields on the 10 year, and they are right around 4% which in itself is not an issue. what is interesting is that they have been headed north. the question is, what if we get a shock and we see bond yields rising again in peripheral countries. what will you do? said what could go wrong, everything that could have gone wrong did go wrong a few years back. since then, we have been hard at work. reforming and consolidating the economy. we have issued five and seven and 10 year bonds. we are confident that through the continuation of this hard work on the ground, we shall convince the markets that cyprus is now safe and that we can continue financing. you could ask the same question to any economy. we are no different anymore than any other economy which has to finance its needs from the markets. the best answer is that we must remain focused and disciplined to continue working towards reform and consolidation so that the markets can feel the

mark: a quarter of the financing of the building. the politics of it, why take the money from china, is this the only place where this project can find enough investment to build? >> i think one of the reasons the program is very popular is because it is basically free money. the investors do not really want a return on their investment, they want the green card. where you may have to borrow from a bank 6% or 10%, with these investors, you can give them no return. so it is like getting a quarter of your financing with no return. the reason the program is of interest, the department of homeland security and gao have raised concerns about the inadequacy of the screening process, figuring out where the money is from. they are concerned the program enables money and laundering and could jeopardize national security. two years ago, there was a memo that charles grassley read on the floor of the senate raising these very questions. the gao followed up months ago with similar questions. mark: we said in the beginning there is nothing illega

he has focused on the finances, the safety and the reliability. talking about the reliability it comes with what is happening on the trains. the cars. the tracks. also the operations. meaning the train operators and the station managers. this is taking a holistic approach, look liking at the aroundlying cause as well. for the safety within the system wiedefeld put more alwaysers in the stations and restructuring some employees' roles and training employees to bring new employees in to be the platform attendance and at the key stations in the rush hour. oh he will be transparent on what needs to be fixed and says they need to be accountable and one way is launching a new report card. it's a website that riders can check in on the progress of what is happening. take a listen for the new plan to look at and doing just that. >> one thing we are looking at is putting rail information out on the pylon and the street level. we have the electric there. something to figure out now and to tell people what is going on before they get down there. we are at th

the financing for the project, a quarter of the financing, about $50 million, is coming from the eb-5in other words, the -- in other words, the curbner team went out, i believe entirely from china, put in half a million dollars and provided $50 million in loans to help build this building. >> i think you just said it's about a quarter of the financing of the building. given the politics of it, why take the money from china? is this the only place the project can find enough investment to build? >> that's a really interesting question. i think one of the reasons that the program is very popular is because it's basically free money. the investors don't really want a return on their investment. they want the green card. so where you might have to borrow from a bank for 6% or 8% or 10%, with these investors, you can essentially give them no return. essentially like getting a quarter of your financing for no return. the reason the program is of interest is both the department of homeland security and the gao have raised questions and concerns about the inadequacy of the screening process f

but we have the core of the financing plan in place. h the budget in our financial plan that we are submitting. >> so, again, just to kind of summarize where we are. and the ordinance, that we have before you today, is requesting that based on the benefits that we believe that we can receive in terms of clinical, patient safety and patient care, better data for medical research, and population, health research, and we think that those are benefits that are achievable, by virtue of the partnership with the ucsf and that if we leverage that and we can get a benefit for our patients that we cannot get in any other way. it is not simply, selecting and we have vendor, and we are saying that we want to pick one of them. we are saying that we want to go a different approach and then turn to a public, sector partnership that we think ko do unique and that is why we brought this ordinance to you today. to request your authority to enter into negotiations with ucsf. to see if we can make this agreement work, and enter into a partnership and the au

with the offer of being the finance minister. nd government official says she was approached by the same family, offering her a ministerial in return for preferential treatment. president jacob zuma says they have had no role to play in the appointment of ministers. it is only he who has decided who is a minister and who should be dismissed. the gupta family also say that allegations against them are politically motivated and that there is no proof to indicate that they have had any roles to play in influencing the ruling party, the african national congress or the president jacob zuma. opposition parties meanwhile want a judzishal inquiry into the president's conduct. the president will be meeting with the national executive committee of the ruling party over the weekend. they say they want answers on what role the gupta family has played in terms of the appointment of ministers in south africa's cabinet. >>> leaders from the european union and turkey are meeting to try to finalize a deal that will stem the flow of refugees into

point in time, his office says that he is refining some of the amendments, his amendments will add significant amounts of funding and finance for transit projects. even though the main balance of the bill will be focusing on the state and local, road repairs. there is an indication that the administration may elect to move on with a more stream lined proposal in about $2 billion range, that would not require a super majority vote in the legislature, we are trying to understand if that is something that they are working on. but there are indications that there are, or there is a preference to try to get a small amount of funding for state and local road repairs, rather than make the push for the larger amount, that is represented in senator bell's bill and the assembly member's frasier's bill. and i will be keeping you abreast of the developments as we go through the next couple of weeks. in terms of the matrix of the legislation, there are 13 specific recommendations that we are making to you. one is a changed position, and then the other 12 are new bills for your consideration. and in addition, there is like 32, or 33 othe

the portuguese finance minister, mario centeno. back to you. n bloomberg markets, we are taking a look at oil shooting higher. and we will be talking to the top security experts in the world. they are all gathering in san francisco at the rsa conference. we will be talking with the assistant u.s. attorney general. that's john carlin next, on bloomberg markets. ♪ than an hour,e the fbi director and apple's top lawyer will testify in front of the house judiciary committee over encryption and privacy. favor ofuled in the text giant over a request to unlock the iphone. tim joins us live. see apple try to frame the debate as, should the government prohibit them from making devices to protect your personal data? vonnie: we had developments. a judge has ruled in favor of apple in a similar case. i'm not sure the fbi would call it a similar case. thet is definitely a win in public relations category. the court fight is separate from what's going on today. this is about framing the national debate on privacy. vonnie: what will apple attempt to do in fron

before the finance minister was fired, offering him the position of finance minister. also in the last few days, a former government official has said she was approached by this family sometime ago, offering her a different ministerial post, possibly in wanting presidential treatment for the gupta family and also over the weekend a communication, a former communications head in government saying something very similar so much of this has to do with the president's relationship with this family and if they've had a role to play. >> all right. >> in politics with the president and possibly the ruling party. >> so that's the detail. how much pressure is the president under? how strong or tenuous is his grip on power? >> a lot of the pressure is coming from outside from the party, from opposition parties, members of the public and even former high profile members of the african national congress. the executive committee is meeting and it's thought many members of in support of president zuma and he won't see much happening in terms of any discipline or investigation into th

under the lej layings, the state -- legislation, the state will have greater power over the finances for the next five years. they are mired $400 million in toablghts -- total debt and it could go bankrupt in weeks. >>> 104-year-old woman scared away a burglar. she saw a shadow figure cutting through the screen. she turned on the lights and scared him off. the would be intruder left behinds sliced screen and two footprints in the flower beds. they didn't want to call police. >>> i heard they were so busy, some little thing like this they have to skip it. she has lived in the home for 7 decades at it is the first time someone has tried to break in. >>> later on "action news," a viewer sends us video of a brawl that broke out after a local high school hockey game. >> reporter: we're gearing the kids with umbrellas this morning as we have steady rain in areas. even this afternoon we have spotty showers, i'll have a look at live radar next as well as the day planner forecast. this price can't be right... that's the right price! it's that low. what other things on this list "can't be right

the finance committee really grilled him, in part because of controversial articles he had written a few years earlier on the legislative process. some believe that his treatment was also partly attributable to disagreements he had had with stamm in the legislature process. thank you all very much for your kind attention. [applause] >> this is the first chief of staff. it collaborated on a small book in 1935 on the british tax system, and although this picture is not dated, i'm assuming this was put together as part of the publicity for the publication. what i find particularly interesting is if you look at the background of the picture, it does appear to be a typical office building their sitting in. information, the staff's first offices in 1926 were in a partitioned area of the canon dining room. that was one choice. the other choice was a basement office in the capital. in the staff in chairman green thought that the partitioned office was at least a little more in the flow, if you will. the building that we now know of his long worth was opened in the spring of 1933. my records s

the mayors budget and the office of the finance and the capital improvement plan committee will be joining me with the cohorts to figure the ways to finance the seawall improvements i think completely said it right this is a problem but somewhat of a patient problem in terms of of figuring out the sea level rise and hearing about the seawall at the next he port commission understanding the problem and how to address the problem what are the solutions and how to finance them over time and addressing the seawall and the seismic risk first and figuring out sea level rise over time and in phases so know that is not easy to not have the answers but a problem that will shape over time as we figure out solutions. >> thank you, very much for your presentation and hard work i guess my main point would be that even though it is a slow moving problem there are immediate donations decisions that need to be made depending on the projects you in fact; right? so a - needs building retirements based on where we think water levels will be and masked by fooemd before those measures are in pl

but we have the core of the financing plan in place. h the budget in our financial plan that we are submitting. >> so, again, just to kind of summarize where we are. and the ordinance, that we have before you today, is requesting that based on the benefits that we believe that we can receive in terms of clinical, patient safety and patient care, better data for medical research, and population, health research, and we think that those are benefits that are achievable, by virtue of the partnership with the ucsf and that if we leverage that and we can get a benefit for our patients that we cannot get in any other way. it is not simply, selecting and we have vendor, and we are saying that we want to pick one of them. we are saying that we want to go a different approach and then turn to a public, sector partnership that we think ko do unique and that is why we brought this ordinance to you today. to request your authority to enter into negotiations with ucsf. to see if we can make this agreement work, and enter into a partnership and the au

there's been mention made by the french finance minister, because the u.k.l have a referendum later this summer as to whether it wants to stay in the europe union or go it alone. the french finance minister warrant if they go it alone, the idea of having british police officers here in order to provide an extension of the british borders here could be put in jeopardy by the decision of the british public to leave the european union. i think there's strong indication that the french finance minister was perhaps saber rattling if you like, certainly putting some politics into the mix. whether or not britain actually is going to be the subject of a vote later this year. it does add an interesting angle to it how they can continue to cooperate if they are no longer both european union members. >>> north carolina has been accused of firing short range projectiles just hours after slapped with touch new sanctions. the south korea defense ministry said they were launched toward the east sea, also known as the sea of japan. harry fossett is following developments fr

they are ministers, one of them is the minister -- deputy minister of finance. alleges the gupta family approached him with the offer of being the finance minister. a second government official says she was approached by the same family offering her a ministerial position in return for preferential treatment to benefit the business interests of the gupta family. president jacob zuma says they've had no role to play in the appointment of ministers. it's only he who has decided who is a minister and who should be dmised at any point during the presidency. the gupta family also says the allegations against them are politically motivated and there's no proof that they have any role to play in the african national congress, the ruling party or the president, jacob zuma. there's an official inquiry into the president's conduct. he will meet with the national executive committee of the ruling party over the weekend. they say they want answers on what role the gupta family has played in terms of the appointment of ministers in south africa's cabinet. >> sri lanka's oppo

representative and inclusive and we are coordinating with our coalition partners to choke off the finances and to slow its recruitment of foreign fighters and we are preparing for the future efforts to liberate the occupied territories within the eye to the protection of the minority communities. in particular, the liberation and those mosul and the parts of syria occupied by daesh and that will assume there is still a community from this part of the middle east. for those communities, the stakes in this campaign are utterly accidental. this is the fight that daesh has created a and targeted in the victims and self defined itself as genocidal. so we must bear in mind after all that the best response to genocide is the reaffirmation of the fundamental right to survive with every group targeted for the distraction. what daesh wants to be raised, the race, we must preserve and that requires defeating daesh but also demands the rejection of bigotry and discrimination. those things that facilitated the rise in the first place. this means as more areas are liberated residents need help not only

the company scraped together the finances to build the aircraft. they cost $60,000 each, a competitive price in the european market. >> foreign investors see serbia as unstable without bank guarantees. we have to sell our products below market price. it's barely enough to cover production costs. everything coming from here is viewed with suspicion. over time we proved we make good quality products. we focus on quality. >> the planes can fly at speeds of up to 200 kilometers for five hours at a time. they are powered by petrol, are cheap to maintain and don't need long runways to take off and land. for anyone who might be afraid to fly in one, it may be some comfort to know that there's an emergency parachute designed to bring the plane and its crew down safely. al jazeera. >>> there's more video along with the latest news, analysis and comment at our website, aljazeera.com. in a race against time, scientists are working on a lab-based rhino alternative >> we want to preserve traditions and animals >>> will it pass as real, will it satisfy the deman

we request the budget and finance committee to kindly approve the resolution. and before icon include, and let you hear from the grant partners i want to recognize the leadership of cohen and her staff and thanks, also to laro bush in the mayor's budget office and to harrison and in the district attorney office for the technical assistance. for this request. on you are partners from around the district attorney office and the police department are here to share a few words of support. thank you. >> thank you, supervisors, thank you for the opportunity to say a few words. we are very proud to be part of the multi disciplinary team, the homicides p effect, xhirn and communities and all of us. and we want to do better. domestic violence, homicides are predictable we know from a lot of national models, we can look at victims and identify who is risk factor and see who is high risk and we know the high risk factors we can do better to protect them. ult maimately we will be able t identify the high risk victims and enhance the service and response and improve safety

the finance minister admitted that he offered a promotion to become finance minister by a member of the goupta family. they're said to have pressure with the president. our correspondent joins us, a political editor with the radio station power f m. tell us how the allegations are being received. it is important to note that the guptas are describing these as totally false. >> i can tell you overnight working for a local radio station they have expressed their complete an dper and shock at what has transpired. it is not the first time we've heard about these very series allegations about an influential business familiar. the guptas coming out to say they have huge influence in the state. as they debate the refreshings c kroshgs olonisation, we're seeing it's not the president who is using his own progressive to appoint-- prerogative, but handing that over to his power who are the gupas. this comes as in a time when the country depose to a local election but also an international rating agency moodys is in the country as we speak deciding whether to down grade us to junk status > >>> [in

>> when you look at the list of the top givers, you see lot of finance names and hedge funds and people who have founded their own companies. those guys seem to be the type of personality who want to write a big, big check to one of these super pacs and back one of these candidates. now that we have seen the winnowing effect of the campaigns and we see that of the donors. the donors who backed a losing horse will have to change their decision. >> who has the biggest hitter, the liberals or the con sserva e conservativ co you hav to say the liberals. they ranked some of the top liberal donors here. you see familiar names from business. george soros. james h. and marilyn and donald sussman. those are the biggest liberal donors. the biggest donors to conser conservative groups, robert mercer. the wilkes brothers. paul singer and norman braman. a lot of big names and business founders giving to conservative and liberal causes. >> how about donald trump, is he taking money? >> he's not. he's mostly self-financing the campaign. he's not spending all that much money. this campaign up ends what

>> and of course we have the finance minister that was reappointed. was fired suddenly in december and of course, pravin gordhan is facing a possible probe by the official investigative unit. they had gone back and forth on questions he has to answer about a possible rogue unit at the department, which is the revenue collector. a lot of an decision is coming out of the government at this time. and they have a rate decision later today. we have a scandal affecting brazil. we have a scandal -- scandals affecting south africa. you need to stay away from this stuff because the fed is making emerging markets look at little bit more attractive. ashrok: if you look at the valuations in brazil, we had a massive negative corporate earnings cycle. everything was going wrong for the currency. i think it is getting to a time where we have reached the extreme in the bottoming out process. it is time to begin thinking about the risk content -- it is very high. we need to see things calm down a little bit. i think it might be one or two quarters until the commodity