difference raised all sorts of red flags in russia the new system. there's something interesting i've read. the house defense bill and it funds and mandated ministration to conduct a study on the technical and operational feasibility of space based interceptors that's from one of the papers here space based interceptors that sounds an awful lot like reagan's. science which the american physical society concluded was a hoax but nonetheless billions of dollars were spent on research he says that the current self-defense program will also train to hold where money goes and disappears despite what the scientists are saying well space based defense has been proven to be knocked feasible idea because you would need so many interceptors and these would be in orbit people have an idea that things are stationary in orbit they're not in low earth orbit they're moving very fast so they're not over any one region for very long and the consequence of that is that you need many many many interceptors and for instance a whole you can create a hole in the defenses by

boston built the first modern sewer system in the united states. ours was completed between 1877 and 1884. with this wonderful new sewer system, we were taking our filth and moving it out to the ocean. of course, all of this was untreated. in the 1960s, we were still pumping all of our sewage out to moon island, untreated. we would get swimmers here, never knowing, in the middle of summer, why you would have a cold. well, we were swimming in diluted sewage. melosi: the major way to deal with pollution, at least until early into the 20th century, was through the process of dilution. the assumption was that the capacity of rivers and streams, and even the seas, allowed for certain levels of pollution that eventually would purify themself. as we get later into the 20th century, it becomes clear that the volumes of waste made dilution unworkable as a single solution. and so treatment became the ways in which we deal with pollution. narrator: to protect public health, starting in the 1950s and '60s, there was a push to put in wastewater treatment plants

in the downtown area of atlanta, the sewer system and the stormwater system are combined and there are overflows during storm events, and so the purpose of this system is to relieve that flow, take it into the tunnel, transport it to a brand-new treatment plant, clean up the chattahoochee river. narrator: instead of the combined sewage overflowing into the river, it will flow into this tunnel that acts as a storage tank. the water will then slowly empty into the new plant for treatment before it's released back into the river. man: the system in total is about 8 1/2 miles, 27 feet in diameter. most of the time it will be dry. the only time it will fill is when the sewer system is overwhelmed by the storm. it is a massive project. our budget was $210 million. we've worked about a million and a half man-hours. hunter: it is an incredible amount of work. our capital program right now is $3.9 billion. over a period of less than 10 years. franklin: so it's very expensive. the bottom line is, we, as atlantans, as georgians, don't have a choice to protect the river. we need to leave it better

failures in the shadow banking system fed failures in the more regulated parts of the banking system, and then in the fall of 2008 the credit markets froze. the overreliance on short-term funding, opaque markets and excessive risk taking that had been the source of significant profit on wall street and in financial capitals globally fanned panic that nearly collapsed the global financial system. in my view, comprehensive reform was essential, and one year ago president obama signed into law the dodd-frank act. the act provides for supervision of major firms based on what they do rather than their corporate form. shadow banking is brought into the regulatory daylight. the larger financial firms will be required to build up their capital and liquidity buffers, constrain their relative size and place restrictions on the riskiest financial activities. the act comprehensively regulates derivative markets with new rules for exchange trading, central clearing, transparency, capital and margin requirements. the act provides for data collection and transparency so no corner of the financial ma

typically in cities we are able to budget for maintaining the system we have from the premise-based system but the disaster solution for systems tends to be not as up to date or as disaster ready as we like. by going to a cloud-based solution like the online exchange solution, even if we have a large disaster in san francisco, we like to know that our emails are protected, our data is protected, that our users will be able to access and continue to use email at anywhere in the world at anytime which we think is a significant improvement to the public how we can respond before, during and after a disaster. we see email as one of the key systems that's really critical to providing really good public service. on the phone, questions? >> hi. this is sharon from "the seattle times." can you hear me? >> we can. >> thank you for taking my question. i was wondering if san francisco considered google in its r.s.p. process and if it did why did it choose microsoft over google? >> sure. we actually considered lote us. -- lotus. we looked at google and the exchange solutions. we had our architecture g

the imitation of the schematic system is telling on the future adoption of the computer system. if they cannot get the simple electronic system to work, and i have a piece of paper that said it was supposed to work by last november -- if they cannot get the simple electronic system to work, what kind of a permit tracking system are we going to have? probably worse than the one we have now. thank you. commissioner hechanova: thank you. next item. >> 9d, an update on other activities affecting the administration of the department. >> actually the hiring in of the new clerical people that will be running the system. these people were supposed to be hired in january, as we all know, and the requisitions were not signed by the mayor's office until last week. we are putting them out there. we do need people to man the desks that will be issuing the tickets to people, so it is not just a matter of whether the computer system works or not. we also have to have staff to be able to man the system. it is not going to do any good if we have something that is not going to be manned by people

submittal and approval of the systems. commissioner lee: any other questions? public comment? -- commissioner hechanova: other questions? public comment? >> seeing that, item nine -- >> do we need to approve? i move to approve administrative bulletins or support or whatever the language is, both 7 and 8. commissioner murphy: second. commissioner hechanova: the motion has been moved and seconded. commissioner walker: yes. commissioner lee: yes. commissioner mar: yes. commissioner murphy: yes. commissioner clinch: yes. >> the motion passes. item nine, directors report. 9a, update on dbi's finances. >> pamela levin. there is not any real remarkable difference between our projection from last month to this month. the revenues come in strongly. primarily, the revenues are in charge for services, but there are the licenses -- the apartment licenses and hotel licenses that come in with the property tax have come in a little stronger than we expected. and we are still showing savings in several areas of expenditures and ending up w

the retirement system is charged with administering two funds. the pension fund and the 457 plan, the individual account plan. we have over $15 billion in the pension right now. the one item that i wish to highlight through both of these are that no general fund revenue is utilized for the expenses of either trust. through the pension plan the employer, the city and other employers, like the city school district, made contributions to the fund. they are not through expenses but rather through actuarial reports to fund the benefits themselves. the numbers that are contributed to both of these funds, and i know there has been a lot of publicity lately, of these of the employees, it was fairly close -- through the employee's it was fairly close. it will also see that the largest amount of growth in the fund comes from investments. all of our expenses are paid from the pension trust for the pension plan. expenses through the 457 plan, no employer dollars go there. this is completely voluntary contributions and earnings. the only exception in the entir

v-tag interaction is the interface between two systems. i would be happy to give you a sense of the failure rate on v- tag, how we maintain them and those kinds of things, but it is not a rumor. occasionally, the v-tag does not work. then you have to make an adjustment that can delay service as well. part of what we have to do is make sure v-tags work, that they are reliable and they do what they are supposed to do. i do not have the exact numbers, but i would be happy to provide, you know, a sense of, number one, are they on every card? they should be. i will check. and number two, what is the failure rates? supervisor cohen: if a car leaves the central station and is working and somewhere along the line during its route, it becomes effective, how was that communicated to central command? >> two ways, and it is getting better. he is not only how you monitor v-tag, but how you monitor the system. the radio system, if they are in contact, the operator is in contact with the control center. right now, with the interaction, we're able to manag

the point i want to make here, because this is the longest line in the system. the running time is 76 minutes. supervisor cohen: how many minutes? >> 76. so there is not a lot of people that are getting on, say, in the morning at balboa park and then writing to sunny delaware. the line breaks down for ridership -- and then riding down to sunnyvale. what is interesting about this is that it is from a rush-hour perspective, you have got workers, for the most part, and some students, coming in from both the ocean avenue side and from the sunnyvale side, coming into downtown to work in the morning. of course, you have also got various activity coming out of downtown, going down third street and down ocean avenue. but the greater and the river sunday evening. during the mid days, you have got some people getting off. as you can see, on and some of the -- when you go past the ballpark part of it, on the third street site, some folks that are going to the central business district along third street. supervisor mar: for the audience that is not familiar with the lingo o

this is not the system we had prior to the crisis.as we debate needed improvements there is much discussion of how financial reform will affect the competitiveness of the u.s. economy. u.s. economic competitiveness is a broad concept in which industry competitiveness is only one part. short-term profitability of financial institutions should not be confused with international competitiveness. many regulatory gaps and lapses which occurred 3 crisis as a way to strengthen our international competitive position. we discovered sacrificing safety and soundness in the name of global competition made both financial institutions and the broader economy. a prime example is capital regulation in the pre crisis years which gave undue weight to the desire of financial institutions to boost return on equity with leverage, capital requirements repeatedly and materially weakened in the pre crisis years. as a direct result large financial institutions steadily increase to the point where capital was inadequate and during the crisis. insufficient capi

even on the two-tiered system. i want to read something about the supplemental that is in the language that did not hear coming from mickey callahan. the safety of the of the system being in poor shape, it is the second best funded in the united states. and, of course, we want to keep it that way. the city now has to contribute more. and at one point, they were contributing anything because of the investments. our investments are bad, and i want to say this thing about the supplemental. this change for current employees, people that are hired in terms of the actuarial value related to the supplement is going to impact much more on people that are receiving between 20 and 27,000 a year. i cannot get the figures from the retirement system. but there are thousands of people that won't get the supplemental right now. they're not getting 46,000. they are getting below 27. without the supplemental, they will be in the toilet. supervisor campos: next speaker. >> i am the executive secretary of the police officers associati

that's the cost model for the retirement system. we look at taking every year of service demonstrated from the drop. over 30 months, there has been approximately 169 drop officers with an average of 12 months of services. over 30 months, if you look at the record and training and benefit costs that are deferred, we calculate that to be $55,100 per deferred year. if you assume every year served in the drop was an actual credit and deferred cost savings to the city, take those 68 times 55,000, you come to 3.7 $5 million in savings to the city. -- $3.7 5 million in savings to the city. the cost is significantly larger -- significantly larger. we made the finding, it is summarized in the front of our report that as of this time, the program is not demonstrating its cost neutrality admonition that was in the original charter amendment. gary will speak to some of the more recent demographics we have mentioned. those are the summary findings and i will leave it to them to walk you through this and areas bst to model that got us there. >> we

i'm in tokyo with the news at this hour. a system to decontaminate radioactive water has gone into service at the fukushima daiichi plant. the system is considered key to deal with the build up to bring the reactors under control. the tokyo electric power company activated the system on friday after conducting final test runs. the utility found water leaking from one of the systems four components forcing the test runs to be called off on thursday. tepco found out that the valve in the pipes were mistakenly closed and had clogged the water which damaged the safety valve in one of the units. the broken valve was replaced. now this is a battle against time and radioactive water is building up in the reactors' facilities as we speak. tepco hopes to decontaminate the water and recirculate the water. >>> tepco has drawn up a revised plan to set a target for cooling down the reactors. measure s control workers exposure was set. officials of tepco briefed reporters on friday. it was the utility's second review of the road map that was relea

, the system is not working, so let's make the change. think we have been functioning under this system for decades now. let's make a change and see if we can improve the school. thank you. [applause] >> good evening. my name is camille, and i have a third grader and a fourth grader in the sf unified school system. all of us here, all of the parents are here at least until the in part because we're trying to secure what allows our children to opt out of a broken school. the choice proponents want to avoid being channeled, and the feeder ones want to avoid being sent across town to one, so we're all almost unloaded here because we're trying to make a broken system work for our individual families, but how we work around a broken system should not determine how we fix it -- how you fix this system. the district middle school and k-8 plan is reasonable, and this is a long time to lose momentum. if you are going to do it, why delay the implementation? [cheers and applause] . >> hi, my name is lisa, and i am the parent of an elementary school s

obvious problems of the system will make sure the result is a more effective system and not just a series of process changes that are a gold mine for accountants without much increases in safety. it would be nice to see steps taken to improve the pay and training of leading regulators on the one hand evidence of those who've regulate effectively on the crisis have been relieved to do their jobs. talk about director resolution mechanism. while dodd-frank limited the power to act the fed and treasury debt on the exigent circumstances set up in its place a process that's designed not to avoid the failure of large institutions but resolve those institutions in the event that they get into trouble. this resolution authority has been given to the fdic. i've read the white paper on a resolution on what it would have done in the case of lehman brothers and i didn't really understand it. much of what is written about the resolution process seems designed to reassure politicians and the public that it's not a bailout. so it's designed to say no more bailouts. so okay, that means that the fdic proce

i think will require significant attention from the system. we have general demands and a need for additional space to accommodate members services. we are in the process of implementation in terms of moving from a one year business plan to long-term strategic plan outlook. like every other business entity in the world, we need to continue to update i.t. equipment to speed and security purposes. we are transitioning member services model. right now we are almost exclusively humanistic. our members telephoned in and they come to get a personal visit. they are working on upgrading the web and telephone response system. in terms of transactional abilities for the members, they will have more 24-7 exposure and the ability to do things from their homes or wherever they choose to do it. we are not really planning on taking that humanistic cut away, we just want to give more options to the members. we are an aging department. we have always had less than 100 employees and we will be looking at excessively high retirement numbers over the next several

obvious problems of the system will make sure the result is a more effective system and not just a series of process changes that are a gold mine for accountants without much increases in safety. it would be nice to see steps taken to improve the pay and training of leading regulators on the one hand evidence of those who've regulate effectively on the crisis have been relieved to do their jobs. talk about director resolution mechanism. while dodd-frank limited the power to act the fed and treasury debt on the exigent circumstances set up in its place a process that's designed not to avoid the failure of large institutions but resolve those institutions in the event that they get into trouble. this resolution authority has been given to the fdic. i've read the white paper on a resolution on what it would have done in the case of lehman brothers and i didn't really understand it. much of what is written about the resolution process seems designed to reassure politicians and the public that it's not a bailout. so it's designed to say no more bailouts. so okay, that means that the fdic proce

>> the current system allows for tracking numbers immediately. the clerk putting the number into the system will be the same. we do have the ability with a newer system to have online complaint entering with an automatic number coming out. you will have your number automatically as you enter the complaint. >> thank you. >> the schematics system metope -- system? the president said you were strongly involved? >> we have -- a sorry -- we -- there are a few more people to train who have been extremely busy on their other duties. we have to free them up and train a few more people. we have the staff that we are hiring to be involved and we have been waiting to have the staff by an order to do the actual implementation. to be able to train everyone. >> monitoring 1 and 5, will there be an old source? >> there is one on the fourth floor, for records. in the far future or the long future, the intent would be to have them on the other floors. those were the main floors where we had individuals coming in. >> even with all of the different departments, can

is, the american school of public system -- the american public school system, the lower income population is not playing the role they should play. we are not adequately educating these children. the classrooms are too crowded -- that is all over the tv in new york. they blame it all on teachers. i think the youth deserve better. that is what i think. [applause] we have to start not when they are a teenager, but pre-k. [applause] >> you have said what families need to do. as a person in school, we know how much of our children's time is spent in school. we are often the surrogate parents for a length of time, so we have a particular responsibility in schools to get some of this truth out. i just want to throw this out for black history month. we need to ask ourselves, what information is being shared that is worthwhile, that will help young african-americans, and others, understand the nature of the society we live in? many useless activities are engaged in in black history month. i am sorry to say. it is still early. we have a chance to review. but i want to be clear. when you listen to

then you take the system size in cec, california energy commission a.c. watts. that term is understood by the people in the industry. that means they use the c.e.c. ratings to determine the a.c. wattage. you get the per watt price. you divide this by this. you get the price per a.c. watt. you want to ask about permit fees as well. each city typically will charge fees. now those fees are coming down and we're working very hard to get them standardized and clear. there is some cost. sometimes the installers will pass that on to you. ask how they're dealing with it. you say, ok, what's my watt. let's see it was four d.c. but you'll have 18% less here, so that's the number you want, you divide this by that and you get that. so this would be 926 a watt. therefore, you can compare apples to apples. they have a standard calculator that they use on the web and they include that printout on your bid and they have to file that printout in your rebate application. so there is another possibility of lowering costs, the group buy. when i went, in i went in with a bunch of fri

and the only way to even get outside the system at all is to sell your financial federal reserve notes to u.s. dollars sell bonds and sell anything from the financial system and get out of the system that's the only way you can protect yourself at this point because the system actually is going to collapse and no one knows what's going to happen at that point so it's a very dangerous time but it's also exciting time as you know as we know and as you know on your on your report every day that i'm sure you're never struggling to find information or any any news that's of interest every day it's it's overwhelming what's going on right now as the system is in a state of collapse this is a complete. end of the world as we know it in the financial system and that's probably a good thing because this financial system is not a free market system it's basically fascist or controlled. and in some ways communist system when you have be. central planning of the interest rates on the dollar and the fia currency system this is just the system an

outside of the regulated banking system. t's important even to control the risk of the regulated banking system itself, because if the counterparty risk in a partial risk transfer is not managed that welcome the risk will come back as it did, for example, in case of citigroup which are provided huge lines of credit to conduits and liquidity insurance kicked in and came back to the balance sheet of citigroup. now, coming back to dodd-frank and how it touches upon all this, i want to think about the shadow banking in some sense risk repositories, which is depending upon how fragmented the regulation is 40 particular asset class, certain risk but saw -- is great out there. in case of money market funds that paul just spoke about, i think about from the financial center. whatever risk remains in financial sector paper after you diversify it, the repository for that risk are the money maket funds because they're essentially diversified holders of these papers. gses you could call them fannie and freddie, basically broadly speaking

mizuno, why is it so difficulto run the decontamination system in a stable manner? >> translator: this is the first facility in the world for decontaminating water with such high concentrations of radioactive substances. the contaminated water has reacted with coolant water that is leaking so the water contains high levels of radioactive cesium and other radioactive substances. such contaminated water has never been treated in japan before, so tepco built a water treatment system combining technology developed by u.s. and french companies. the u.s. technology is based on the contaminated water treatment procedures that was developed for the 1979 three-mile island nuclear accident. the french technology is the one being used at the spent fuel reprocessing plant. both countries have expertise but this combined system is the first in the world, so operators are still not familiar with it. however, in the test run, there have been many glitches but none of the glitches have been disastrous so far. the system seems capable of bringing down contamination levels to 1/10,000

the u.s. assistant attorney here in new york said goldman systems. can easily manipulate stock and commodities prices in this trade are all rather he was the clown his programmer he had taken from the code and he had twenty and he was presumably starting a job somewhere else goldman was so upset that they went after him very publicly and also rest exposing their own their own computer programming and it was not good for calling it wasn't good obviously for the programmer but at the end of the day it exposed the east it seems are very very dangerous and they're also very expensive but they give a huge ads to banks like goldman and was revealed and we moved on right what's amazing is our own law enforcement and find it alarming that goldman had systems that could manipulate our markets. a programmer who walks over to code ok well the book is called the asylum but goodman it is a must read thanks so much for being on the cars report thank you max all right now is going to do it for this edition of the kaiser report with me max kaiser and stacy herbert i

is going to be shifting towards the east on friday, but you can see a new system that's going to be coming in from the atlantic. that's going to be first bringing plenty of showers to the british isles and then another round of rain, eventually reaching the alpine region. overall in and around the alps looking very unsettled in and throughout the night into your country. calm throughout much of italy as well as the balkans. much of spain and portugal will escape the rain as well. warming up to 31 degrees in madrid with plenty of sunshine. looking rather cool though in london at 17 celsius. vienna coming in at 24, looking quite showery here. all right. here is your extended forecast now. >>> our lead story this hour, at the crippled fukushima daiichi nuclear power plant, leaking water is threatening to delay full operation of a system to decontaminate highly radioactive water which is key to bringing the plant under control. tokyo electric power company or tepco had been planning to start full operation of the water treatment system on friday. it has been carrying o

this is the most sophisticated, though i would never say the most important part of our system. the amount invested primarily on the private equity side, transactions and investments that are not publicly traded like stocks and bonds, rather they are things like venture capital real-estate and long- term investments that require significantly more individual analysis then we would need on the publicly traded side. the board has made a longtime commitment to increasing internal expertise to bolstering consultant expertise in this area. that is why the positions have been in there. by the way, the system brought in independent consultants some years ago, before i arrived, and did a study. that is how these positions were actually flushed out. that is what we are basing them on. fortunate now, given the economy, that we were able to find the talent at a more affordable level because of what is going on in the outside industry. supervisor chu: thank you. supervisor mirkarimi: good morning. i am curious about what is on the radar for sfers and the members that are a part of purrs in s

inequities' about the old system is a prioritized on time applicants. choice is not mentioned as . tuesday with the same set of priorities all the time -- to stay with the same set of priorities all the time, it would reduce the opportunity or incentive to put a fine choices -- to put down choices they might not want. the program placement fees -- piece i will not be able to elaborate on except that you were suggesting how can we make sure that all of our schools are attractive and what do we need to do to provide that opportunity to families? i think it is part of a broader discussion they are having in looking at what are the changes we need to make. in terms of monroe and some of the families not wanting to go to hoover, i think that is one of the features to going first with a choice that is going to increase transparency and provide an opportunity for greater accountability with the district as well. until now, your customers are basically anyone who this view was a choice. we will be able to anticipate -- anyone who listens to you as a choice. we w