we know now on the part of the finance staff. i'm o.c.d. and the city staff have no way of checking that. we are reliant upon h.u.d. and reliant upon the data we get from a separate, independent agency. and so, as h.u.d. moved forward and said, you rok, issue vouchers, we move forward too. so we feel that this is a very appropriate use of funds to protect tenants. that is to cover the housing assistance payments contracts for december of 2018 on these existing obligations. because what we have here is essentially the equivalent of a bankruptcy. >> kate, i am not disagreeing with you about the importance. what i am quibbling about is the fact that if the board of supervisors appropriated $51 million for certain uses and you want to spend them on other uses, i think that policy conversation is supposed to happen. i am trying to force the policy conversation. i think that -- may be this is a question for the controller or the city attorney, you have to come back and say we would like to be appropriate these dollars to this. instead of what is h

the chinese financed a big port, but it is actually not very useful, not economic, so now the chineseit over. and i think we will see that in some smaller, more vulnerable countries. infrastructure sounds nice, but if it does not generate a lot of business it is not good infrastructure. >> you can see that, the hambantota port was taken up without any proper economic feasibility study. sri lanka ended up getting in a debt trap. as a result, the government of sri lanka had to hand over the port on a nine year lease. not just the port, but a vast area of nearly six to seven square kilometers around it. stephen: for india, which is the single biggest critic of the belt and road project, it is also a question of national security. china's biggest project to date runs the length of neighboring pakistan to the port of gwadar on the indian ocean. >> when you talk about the maritime silk road, the fact that today, china has come to acquire control or controlling 75 ports in 35 countries. clearly, that is not being done just with commercial objectives in mind. >> if you are very close to china

would normally not be worthy of much attention at all, for the government, vote on amendments to the finance effectively translates budget into law are normally not a problem for them, but as we saw last night, the dup, the democratic unionist party, which props up theresa may's government and has an agreement to vote with it to ensure that the government can win votes in house of commons and get things done, withdrew support temporarily, voting withdrew support temporarily, voting with the labour party, on one amendment, and abstaining on a couple of others, and we expect the dup to abstain on the amendments to the finance bill in the house of commons this evening as well. the upshot of that is not necessarily a disaster for the government in the short—term, but it is a sign that the dup are willing to flex their muscles, if you like, fire a warning shot across the bowels of the government. and show them that this agreement, this so—called confidence and supply agreement is not watertight. in the face of opposition to theresa may's brexit plan, the dup are showing displeasure at it by demon

the same money. different people. same money going into public finance. it is not fair. thank you for this time. >> commissioner kopp: cop because these proceedings are televised. i want to clarify a point raised by the witness. every member of the commission is and must be by law a resident of the city and county of san francisco. secondly, although it is beside your question, nobody on the commission is paid a penny to spend time, attention and effort on responsibilities. >> thank you, commissioner kopp. mr. ford, can you clarify what efforts will be undertaken by the commission to provide training to potential candidates as well as what we plan to do on ago forward basis after the regulations are implemented and the new ordinance is enacted? >> sure. we provide trainings in person trainings to candidates and treasures. trainings are manditor re. we do include a reference to public finance and link to the supplemental guide for mayor and supervisor candidates containing the relevant information and let people know about the statement for participation. the introductory

the expected financing through prop c. is anticipated to occur in the spring of 2019 with a loan amount of approximately nine and a half million dollars. one of the things that's great about this loan is that this long-term and low-cost funding through prop c. will not only serve to protect the existing residents, to prevent displacement, but it also can reduce the subsidy needs that an o.c.d. has to put into the project through its associated small sights program funding. [please stand by] . >> mr. hughes? >> thank you. thank you, madam chair. i have a couple of questions. so this was bond dollars that were passed as a result of proposition a in '92 for $350 million. only 90 million of the 350 are utilized by people because we don't know, but that's what it was, 90 million was utilized. that money then sat for at least 15 years or longer. >> longer. >> prop c now in 2016 changes the use and eligibility to use those funds. my question is, so -- and then, i'll get to the other presentation after i have another question after

that is the state of italy's finances. this is bloomberg. ♪ yvonne: the times of london has britain and the eu have reached a tentative agreement to give u.k. financial services company continued access to european markets after brexit. take a look at how currencies are faring. in sterling, we're up .7%. 2028 is where we trade for the pound. cap took a little steam off the .1% on theabout dollar index. biggest monthly gain since november 2016 and we see your u.s. 10 year yield picking up higher by two basis points after the news from "the times." rishaad: the top british negotiator says he expect a full agreement by the 21st of this month after the irish border. still with us, patrice gautry. patrice, does this mean passporting or what is this tentative deal they have struck? will keep thee it same regulations the european union does the financial services, so it allows them to cooperate? but does it allow them to sell? patrice: this is a very important point because the financial sector and financial services were not part

in that capacity i interacted almost daily with the officials and got to know the minister of finance quite well. at the time a legendary figure well known by many of us in the international community. community. hwe knew and admired him for his relentless professionalism, boundless knowledge and determination to put his nation on the right track. his efforts then in now mark him as a leader of courage and tenacity in the face of daunting obstacles. we are indeed fortunate to hear from him today for selflessness and commitment you. [applause] >> thank you for your comment into thank you for your service in afghanistan and beyond. it's my pleasure to welcome you to a special conversation. he will be joining us shortly by a radio teleconference. he grew up in the province of afghanistan after attending high school in kabul he began his academic career at the american university of cairo where he earned a ba in anthropology and later his phd degree from columbia university and we are proud to say that he joined the faculty at johns hopkins university where he was a professor. he then wen

from his decade of service and chairmanship at the helm of senate finance committee, senator hatch has shouldered some pretty heavy lifting in the legislative trenches to advance free and fair trade laws, to foster economic growth and opportunity. as we all know, america is home to at least 320 million people. that's a fraction of the world's population. and yet, america leads the world in economic output. thanks to an amazing bounty of natural resources and an economic foundation that rewards ingenuity, productivity and creativity, our country -- the united states -- produces goods and services that consumers around the world want to buy. senator hatch and i share a core philosophy. trade barriers as a winning formula for prosperity. to paraphrase a philosophy that often attributed to our 35th president, a rising tide lifts all boats. today i want to give credit where credit is due. thanks to senator hatch's unflinching leadership and unwavering commitment to advance the principles of free and fair trade, america's formula for prosperity and opportunity stands strong for generations t

i am the senior manager of capital finance. we also have a number of program managers throughout the divisions that manage the programs that are under this bond and -- let's see. we have a thin bench today because of the holiday, but i can try to answer any questions that you have on the projects themselves. as background, the bond was approved by the voters in 2014 and provides $500 million towards investing in transit reliability and safer streets. so far, a little bit under half of the bond funds have been issued and the first issuance was in 2015 followed by a much lighter bond issuance earlier this year for $173 million. there is also a supplemental appropriation that was done last year which redirected a little bit of the portion of the funding from the first issuance to other projects that were -- we had to move money away from spot just projects that were spending slower than anticipated and were moved to use faster moving that had been anticipating funds from the second issuance. these next two slides show all of the pr

the fund. we believe accountability for public financing audits is a piece of that. that is something we will leverages to defray the resources to help with the november 2018 campaigns we audit, 10 of those. we are returning to audits to hope to make progress on that and continues assistance of controller's office. that is where we are. we continue to be in the exam phase for five positions that have been in recruitment. we are moving from written exam to oral exam in the next month. i detailed information how that process works. we are attempting to be as aggressive as we can given constraints for when exams can be scheduled with core exams. we are making progress. we will look forward to giving you more information next month where we are. i am happy to take questions you might have. >> with regard to hiring do you anticipate you will be able too make offerers early new year. >> i hope so. >> so ideally we will be staffed up in the first quarter? >> i hope that is the case. any other questions from commissioners on this report? public comment? no public comment. oka

the problems with financing the welfare state pensions health or nursing care. they're all linked to contributions from the income tax our alternative would be the right to a good job more good jobs are of the way to fight for that is to join a trade union and get involved. organising. a basic income would indeed be a fundamental change to society loosening the link between work and pay at least when it. as to the first thousand euros we should know we be talking about work digitalisation is looming and it's actually upon us and society has to gear up to face or to give it a link between work and income is very problematic with the stock of work and income a link because we live in a capitalist system and it will continue to be the case that goods and services are produced in order to be sold i'm also of the opinion that paid work is important to people sense of identity at least for the majority of the population it has to do with having a place in society. an unconditional basic income doesn't mean that people simply work less that's what trials underway in fi

gallo's code is expanding to include the finances of the renault nissan alliance go news accused of massive financial misconduct including underreporting rather over forty four million dollars of income over several years france holds a fifteen percent stake in renault and the french finance minister says he isn't worried about the stability of the comic. at first glance it's just a normal day as the employees from nissan headed to work but in reality it's the day after their boss carlos gone was arrested. put it in we're pretty cut and i'll stick with it the rest is regrettable and he is the one who helped nissan turnaround its business. i hope management can work hard to regain the public's trust most wanted to take the place of. trust that carl is gone has abused the superstar auto manager is accused of underreporting his income over several years and embezzlement of company money from asia to europe the news has had a ripple effect guns alliance is a major force on the global automotive market. i understand that nissans chairman carlos ghosn was arrested. it is extremely regrettable tha

he has just said that the finance bill is light on content. the finance bill is 315 pages long!ture labour party document, and it is eight pages long! three of which are footnotes! whatam i missing, sir?! in addition to fixed odds betting terminals, and you expect me to mention this, the problem with fixed odds betting terminals, the government says, is that they can't change the stakes in fixed odds betting terminal is because putting it in place in april next year would not give companies enough time. it would not give them enough time to prepare adequately for the changes that would be required to lower the stakes for these terminals. yet they expect them to prepare adequately for brexit by april next year, despite not actually having told companies what brexit will involve. the community secretary james brokenshire has defended the appointment of a controversial figure to the new housing advisory body. the government faced calls last week to sack the academics sir roger scruton from the position, following accusations he had described homosexuality as "not normal". he called

bill, oi’ against parts of the finance bill, orabstaining, making it against parts of the finance billbly that's a foreshadow of what will happen with this vote in december, unless they get the changes they want. it is an interesting move to do that because of the agreement with the conservative party which is not a constitutional issue, it is an informal agreement between the parties. confidence means vote of confidence and supply, which is the money. maybe it has to slide in order to hold onto a very small majority, but that is extraordinary, where you have to let these things go. i don't know how they are going to win over the dup. labour has said they are going to vote against it. you might have labour mps vote with the government. break the line. why expose yourself? it does make jeremy corbyn look like a brexiteer and that's not what... which is why some labourmps, that's not what... which is why some labour mps, you know, constituents will be saying, what, why, what are we doing? just get on with it. i don't understand it. and also we are staying in as part of the customs union

they called me in and said, we changed the rules now, if you want to be in the finance corps you must go to infancy ocs first. and if you graduate in the top three of your class, not 3%, but the top three, you can then choose the finance corps. for any of you that know anything about infantry ocs, probably the last thing you would choose is the finance corps. i was commissioned in the infantry, and the ocs experience that i had was quite good. and i have actually -- when i got out of -- when i went back to school to earn my ph.d. i did research on what the officer candidate school is, and what rotc is, and what west point is in terms of commissioning, and what i found at ocs was a program that i really believe was some of the very best training that a person could have. so i served in the 82nd airborne division also. as xo of the first brigade headquarters company. got to go into operation deep furrow in turkey, made 28 jumps, i believe. enjoyed every moment of it. became someone that was very interested in trying to become the best leader that i possibly could be in the event that i

the finance minister spoke to bloomberg today in brussels. mplex we hope our strategy will be better understood. this may be after dialogue with the commission. >> you say you are not changing anything? >> we will see. warninghite house is companies and countries around the world dodging sanctions on iran will hurt. the secretary of state promised to find the measures would be far more painful. has imposed penalties on the 700 individuals and companies tied to iranian industry and energy. countries can ceo economies crumble. until i ran makes changes in the 12 ways i listed in may, we will be relentless and exerting pressure. an airplane that crashed into indonesia last week had faulty airspeed readings during its last four flights. investigators searched the flight data recorder. u.s. aviation authorities confirmed the issues. pilotsot clear why the on three flights were able to handle the airspeed's problems, while the last week's crew could not. global news on air, 24 hours a day and at tictoc on twitter, powered by more than 2700 journalis

so this is the wave of the future for how stadiums are financed. instead of the cities gist writing thecs e-e checks -- writing checks, they give them development rights at lower- case, maybe for free -- lower- case, maybe -- low case maybe for free. >> does that benefit the city of oakland economically? >> depends. the due diligence is to find out what the realistic possibilities for the coliseum site are. yenning this looks very interesting and it will be hard to beat but the basic story is that site really worth 137 million, which is what the a's ofpay or worth more and number two is the a's proposal for how it would be developed the big estvalue added to the city -- big estvalue added to the city -- big esteist -- biggist value add e sated to the city. >> the teams and the city -- at the moment bring in e-e-e tele- - telebring in jobs o-- it will bring in jobs, things like that, in this case do you think that will pan out or is it too early to know? >> from the point of view of the stadium itself, no. because it will be just like all other sport

there are various models most involved tax in the endings of the population at large. if we finance it via taxation the rates will be astronomically high. in terms of tax on income it would be seventy percent currently the average is about thirty percent i can't imagine there will ever be a majority in favor either in parliament or in society. and i could be seventy percent depending on the financing model kind i don't have one of my own as it's so complex and there are lots of models that consumption tax income tax environmental tax or a tax on financial transactions i'm not saying it's a perfect solution i don't want to do away with unions or the welfare state all i'm saying is that we should try it out because it has a lot of potential. well there's one group of people can tell you about pressure to perform it's top athletes they are under considerable pressure to succeed from a very early age very often they pay a high price for fame and success and only those who can deal with that constant pressure of a chance of getting funding speed skater and olympic participants benta thro

it is not tax raises, it is not the nhs that mr hammond is willing to gamble on. it is public financesnk he also said any idea that there is a serious desire to eliminate the budget by mid—2020 is surely for the birds. i take it from that is that you believe the borrowing is therefore the only key component. am i right to conclude that? the story of the budget was at the very highest level. which was the 0br said there's 18 billion more money knocking around in five year's time and he would will take all of that and put it in the nhs and that was essentially what happened. he didn't say it was a bad thing considering the position the chancellor was in. it would have been quite difficult for us to provide the money for the nhs and for obvious political reasons, getting tax rises through. the political economy of this is given the lack of majority in the house, i think the economy will take the strain. the tax policy decision is basically a £5 billion giveaway. over the next two years. in the public spend policy is more like £90 billion spending increase. are you saying that is something

do you think the finance industry is overdue its own metoo moment? some of the transistor and finance couple of decades ago, there was, i think, a and finance couple of decades ago, there was, ithink, a bit and finance couple of decades ago, there was, i think, a bit of a cleansing there and certainly there was a message that people need to be treated with respect and the office, and there were stories of women where they had not been treated appropriately. and so i think finance may have been ahead of the game to some extent in this movement, but the message we need to ta ke movement, but the message we need to take away and that we should all be taking from any of the events that have unfolded over the past 12 months or so is that every individual deserves to be treated with respect, and if you are coming into each day, that is a base level right that you have, and as leaders of organisations, we need to make sure that that is what is going on. view personally, do you think you would be in this prominent role, president of the new york stock exchang

but -- so we would suggest you go into the finance corps. so i signed up for that and they told me all the neat places i would go in the finance corps. then something happened in january of 1968 called the tet offensive. they called me in and they said, mr. milam, we've changed the rules now. and the rules are if you want to be in the finance corps, even if you have an mba, you must go to infantry ocs first. and if you graduate in the top three of your class, not 3%, but the top three, you can then choose the finance corps. and for any of you that know anything about infantry ocs, if you graduated in the top three, probably the last thing you would choose would be the finance corps. so i went to infantry ocs and was commissioned in the infantry. and the ocs experience that i had was quite good. i have actually, when i got out of -- when i went back to school to earn my ph.d. i actually did research on what the officer candidate school is and what rotc is and what west point is in terms of commissioning. and what i found at ocs was a program t

alexander holroyd a member of the president's all mushed party he has a seat on the parliament's finance committee how can the president boost to see him reach ahead of crucial elections to the european parliament next year.

talking to the finance minister there. ill not be asking the imf for funding next year when the $12 billion loan program expires. the finance minister said the economy is now better and he is working to reduce the debt level to regain -- bolster investor confidence. >> let me say that we were happy with the imf. egypt is one of the few countries who completed such a program successfully. us.thing very good for this program was very strict. it was very harsh. it took the egyptian economy to a good form. a good position. we got from the , wet of asking for funding are now in a position that we do not think we will need funding from the imf. tober two, where committed reforming our economy and making our economic form a good example for other countries. with the imf of course, we will of the imf.orm this will get some sort of comfort to international investors. let me say again, this does not financing. we can be in some sort of operation. --have already asked the imf >> at what point does the high cost of treasury bills keep

the proposed issuance will be conduit financing and not require the city to pledge any of its funds to repayment of the bonds. i'm joined by elaine yee of meta. if there are any questions about the project it sechl -- itself. we ask to forward it to the full board. >> thank you for the presentation. resolution allowing the mayor's office of housing to issue a bond. for $50 million for the development of 127 units of affordable housing in the mission. >> yes. >> excellent. i don't see any names on the roster, so we are pretty clear on what you are asking. public comment at this time if there's any member of the public that would like to comment on item two. seeing none, public comment is closed. motion to send, to approve and to send to the full board with a positive recommendation. colleagues, your support. all right. we got it. it's unanimous. thank you, madam clerk. >> resolution authorizing the general manager of the public utilities commissioner to enter into revocable license for new streetlight facility and rock columns and rockaway avenue and laguna honda boulevard with no licen

but then after the meeting what i can say is that tomorrow the german finance minister the for and finance minister all of shorts in britain america are going to be. progress so any progress that they have might have the proposals that they have first showed you are european budget to finance ministers to european finance ministers in brussels so we've been trying to see what they've got in their pockets what sort of deal is being negotiated absolutely i'd like to just go over to you kate because she's been following all of the events of the remembrance day and we understand that the french president whilst his speech was very much the centerpiece of the remembrance day today he's also been taking part in many other activities in the german capital just bring us up to speed with those kate is. just after the speech he gave here in the bundestag he is now meeting with german chancellor angela merkel and so that will indeed and then we are expecting to his statements from them shortly during his visit here now as he said today this is what he was showed a lot of gratitude as well the fact th

a very important organization in two thousand and eight during the global financial crisis and the finance ministers g. twenty was an invention of a strike year and south korea it's one of the few forums where you get the major powers together in a somewhat like this i think it's still got its relevance particularly at a time when we need good international economic institutions another big issue of course and a very contentious one at the moment is the whole issue of climate change and what to do about it two big reports there were out in the last few days on the cost of this two economies in the u.s. and in europe is there any consensus among countries about what to do or country like australia is heavily dependent on fossil fuels for export revenues so in some ways the burdens are being shared quite properly and in some cases the expecting developing countries to share some of the burden right of the time when industrialization is actually pulling a lot of people of poverty so they're probably less less willing to to give up some of that some of that momentum they've been able to get in

if not, the category does not incur financing costs. but there's steps that need to be taken before the decisions are made and m.t.a. will be back to the c.a.c. and the board to present on this cost benefit analysis of doing this. and i wanted to note that even with the accelerated schedule there's a funding gap. and the funding gap is from $17 million as an accelerated schedule to about $56 million at a standard schedule. and so a bit of a hole to plug. but just wanted to highlight that we're -- we're, you know, hoping to get these vehicles on the street as fast as possible. next category is to support these vehicles literally and figuratively to advance some of the facility projects that would support the new and expanded fleet as you can see here. and there's a project that is a potential project that is a very large project and so we'll see that project advance through both the facilities muni category and the discretionary category and there's discretionary funds that would be available to the three operators for muni and caltrain.

finally, let us turn to the finance activity of china. in some respects, the chinese lending is like that in providing capital to invest in transport and energy infrastructure, which is needed to spur economic growth. it is also increasing clear that we have heard that the lenny by china is pushing some countries into debt. early this year, we detail the debt problems from the chinese initiative and pointed at the failure of the chinese approach that is harming some countries. within this, it includes various countries which will host u.s. and chinese basis -- basis -- bases. we can also respond by offering developing countries more options. that should start with strong support for the mdb's which are ready-made. the recently enacted build act will bring more finance there globally. with that said, the do -- new development finance corporation should be additional and not a substitute. u.s. leadership to long- standing programs is doing vital work measured in lives saved, and they deserve the support. it is also important to recognize the

." >> when it comes time for the financing which will be -- >> what financing? >> tonight, the new report that the president of the united states himself directed a criminal conspiracy to help get himself elected. >> we'll have to pay cash. >> no, no, no. >> then, i can tell you matt whitaker's a great guy. i know matt whitaker. >> the president caught pretending he doesn't know the man he appointed to oversee the mueller. >> matt whitaker, i don't know matt whitaker. >> and the growing bipartisan fears over what matt whitaker is up to. >> do you want him to rein in robert mueller? >> what a stupid question? >> all that and the fight to count all the votes in florida. >> let's count every vote, and let's bring it home. >> a brand-new vote count in arizona and stacy abrams campaign manager on her fight to force a runoff. >> we believe our chance for a stronger georgia is just within reach. >> when all in starts right now. >>> good evening from new york, i'm chris hayes. there is palpable panic and desperation emanating for the president of the united states from h

is the world really on the brink of a new cold war in trade without the stark warning from the french finance minister pointed out that. this is your business update on having a home free and glad you could join me he wus trying to put the days of a scandal behind it once and for all by announcing its intentions to become the number one call make in the world when it comes to electric my ability and it's putting its money where its mouth is investing forty four billion euros into the project over the next five years but will that be enough. after hours of discussion the supervisory board give the green light for the future plans and billions of euros in investment folks working c.e.o. have a decent announce the ambitious plans. he often see fit to be your foot we are sending new signals we're focusing on green mobility we're increasing investments in this area and we're considering participating in battery production and introducing many new electric models. according to insiders negotiations are already underway for a partnership with the south korean battery so manufacturers. v.w. like all

the sector, but not directly. because these shadow banking financing is only a small part ,f the whole capital structure a lot of themily on bank financing as well as the capital market. rishaad: there's another aspect, the consumer side. the consumer goes and buys is, you, the thing don't know where that has been leverage, do you? that's the problem. that's a chicken that can come home to roost later. christopher: generally speaking, in china, that's not a huge issue given that a lot of the cash collection comes in within a few months. it's more the fact of whether they can get financing to complete the project so they can continue funding their land reprint -- replenishment. i'm saying there is money being sucked in from the outside as well, is what i am saying. christopher: to the point, last week or two weeks ago, i don't 15%.ber, 14%, are we getting to a point that it's a liquidity issue, but that's just ridiculous, like how am i supposed to meet these obligations at the coupons? for a fairly large developer. one of the most heavily leveraged -- it's still a high-yield company. , it has widened quite significant

and mps spent most of the day debating the finance bill, which implements much of the budget.reased after the dup mps on whom theresa may relies to stay in power refused to support the government on some key elements of the bill. 0ne amendment was accepted by the government and put into the bill. you may remember ministers sending pressure announcing a written statement lastly that they would bring the change in april last time at next year. several mps challenged a pushback. tracy crouch resigned. she welcomed the decision. the government made the right decision. not least because it was proven that players of these machines have the highest rates of problem gambling and 32% of players are considered at harm. the review also found that those who are unemployed are more likely to most often stake £100 than any other socio—economic group. after her resignation, ministers agreed to bring in the maximum stake from £100 to £2. the government has organised a significant odd that fixed terminal betting can levy on individuals. the mental distress that the gambler can cause to the fr

adopt the minutes of the retreat so we can have that on paper and refer the matter of priorities to the finance director. perhaps if the commission wants numbers associated with that, you can do that, but i don't want to be repetitious in terms of -- i think it's good timing with the concept of a new chief coming on board, whoever he or she is, within the dialogue that we had, but i think we had more time. last finding, the president wanted these findings adopted in the last meeting we had in december -- there's only one meeting in december, mr. president, december the 12, and that's right around the corner. sometimes i'm not good on deadlines, particularly if there's pressure that's there, and i'm not seeing the pressure that's due on the first meeting of december to be adopted. i think the timing is flexible enough to take this into the new year. not only do we have a new chief that's going to be on board, but colleagues, i want to remind you that we have elections of the commission on the first meeting in january . thank you very much for your time. >> president cleaveland: thank you very mu