for the remaining seven years of the lease, to that is to, 11 million, 33912 per year, and that 93 million, and 694 of the remaining years of the lease and recommend that you approve the proposed resolution as recommended >> thank you. >> are you in agreement with those amendments? >> absolutely, and i will submit the amended resolution this afternoon. >> you know the drill. and you no other questions we will open it up to public comment. >> anyone wish to comment on item four? >> seeing none, public comment is closed. >> we will have a motion to approve these. >> move the amendments. >> and amendment. >> without objection as well. >> madam clerk, could you call number five? >> item five,resolution approving amendment no. 1 to the cellular service equipment sites lease no. 09-0051c between t-mobile west, llc, and the city and county of san francisco, acting by and through its airport commission, extending the term for five years through june 30, 2019. >> okay, thank you. welcome back, miss wiyner. >> thank you, chair, with the san francisco international airport, we are seeking your approv

total first year costs are $200 million plus and the program through hud covering 67 percent is there additional federal money that comes in after year one. >> the leasing costs are annual the way that the value works is they set their fair market value every year so for this year we know there fair market value rent is we can go up every year hud resigns the value around 2 percent and is that accurate an sro but those sro's have a bathroom in he each unit and other amenities but for an average in chinatown or the tenderloin or the mission what is an average sro rent. >> supervisor as i think is also noted in the report the range we're seeing in our older master leases that have been before the board have 4 hundred to $700 per unit hover those are often based on deals that were struck as the year 2000 and the renewals were not a reset to the ami reflatter so if we went out to the marketplace today with a sro facility and had to raise it the seven hundred number maybe the down side it would be higher the board knows the dynamic in the marketplace whether sro or the r m b amenitie

in fact, particularly relative to the past year. the u.s. labor market is tightening, though it is far from tight. the momentum that we see not only in the pace of job creation, but also the breadth of jobs. more industries are adding jobs than in the past. that sums up to the fact that we will see modest but strengthened, strong momentum in the labor market. >> the number that everybody focuses on is the unemployment rate. right now it's 6.2%. if the momentum continues, as you're saying, where do you expect that number to be by the end of the year? >> i think the main expectation is around 6%, if you ask the federal reserve and other economists. the risk is that the unemployment is below 6%. the biggest reason for that, if we continue to add jobs at the pace we have been in the united states, it's unlikely we will see the rapid increase in labor force that would be needed to offset the gains and keep the unemployment rate above 6, by the end of the year, the unemployment rate is at the high 5% range. >> the other frustration is that "people

you notice the other dry years about bump up towards the end of the years and rumor thursday and friday there might be rain and maybe be the bump up this year. we will see if that occurs or not. but again we achieved the level of precipitation and important with this slide and the snow impact slide and the red is 2014 and the blue is 2007 so the amount of precipitation of the two years is equal the amount of snowfall in 2007 was more significant than 2014 and that difference makes a difference in the hydrology, how much water we actually get out of it. it comes as rain it's harder to get water out of it. if it's snow and melts later in the year we get water and there are peaks that we could collect so the difference that the city could take is higher under 2007 conditions than 2014 even though the precipitation is the same and keep in mind going into the future if we have more rainfall our system of operation has to change to deal with the water is coming at a lower stream rather than peaks that we can capture for ourselves. total delivery. this is a really good looking chart right now.

a couple of announcements this friday the star spanningled banner that was pened 200 years ago will beelebrated at the francis scott key elementary, and the students and faculty will be joined by the chief, suhr and our very own board of education president, fewer, where the teachers will recite the four stan sa of the song and the students will share the facts and yee will sing the anthem while the brownie and the cub scouts help to raise the flag. i would also to announce that official representatives from the historically black colleges and universities will be recruiting college-bound students right here at san francisco at mission high school and interested students will have the opportunity to receive the preliminary on the spot admissions and scholarships and financial aid information and face-to-face exposure with many of the backed black institutions of the higher learning in the united states and this is the first time that this will happen here in san francisco, and i would like to invite everyone asked in learning more about historically black college to attend this event,

the form, 700s. and that went live. and this year? and it was in part due to the departmental officers and i would like you to review that clause, and because my understanding is that the department filing officers, are not allowed to assist, submitting them on-line. that, it was only the form 700 filer themselves, who could get a password and create the account, and if the departmental filing officers were not allowed to help protect part, i don't think that they have any business being in your annual report, suggesting that part of the problem encountered would be due to the departmental filing officers, thank you. >> and... (inaudible). >> no other public? >> is there a motion to adopt the july and august minutes as amended? >> so moved. >> second. >> all in favor? >> aye. >> aye. >> opposed in hearing none, that motion passes 3-0. >> and the next item is the executive director's report. >> and i just quick point out, i am sure that you noticed the plan on the budget and i mostly saying that this is not going to happen if we have to

over the next 5 years particularly within the mere term in the next year mta plans to request about $2.6 million in prop k funds to complete the backlog of the plans those are plans that have been implemented over the past several years and the list of locations is shown in our packet available online at sf.com and the location on sf.com the residential program is underway on track and applications are done every year and the first grouping of the locations that has been accepted for the program will be delivered around the end of the calendar year. the pro-active residential program and the aerials program are part of the new program the pro-active residential program allows mta to have the residential locations that have not summit the cohn applications but benefits in terms of safety and moenlt as well as an opportunity to improve the groeveng equality and the prop k funds in the fiscal year are to further plan and scope out those elements the traffic cohn program and come up with a method doing and implementation plan for the aerials and pro-active residential this is really mta is t

the year before. >> from my memory it seems about the same. >> okay. thank you. >> any other questions from the commissioners on that section? >> i had one more under the advice and the opinions section. so this says that the commission is charged with interpreting and applying the campaign lobbying and governmental laws, under the jurisdiction and requiring requests for waivers and that it does and issues formal and informal advice on matters requiring interpretation. and then, we said that the commission staff is available, each workday to answer the public inquiries about the city campaign and lobbying and governmental ethics laws, during the year the numbers run into the 100s. >> why don't we put together the formal or unwritten advice for getting that many calls? >> that may refer to the individual requests. and we had no requests for formal written advice, this, the year of this, report, and formal advice, somebody asked for a specific case that they were involved in. and we give them advice if they asked for it and in that case, the commission h

ago but we have housed folks but that's the best count right now. >> over the past couple of years the 76 units that are researched where are those building it mentioned a safe haven at the hotel. >> there's one in the mission and 32 unit over the jewel restaurant that was converted into retains that houses 32 vets and that's another controversial building in the mission like this one i'm sure it's going to be competitive and the chronicle mexicans e mentioned your lou the need the homeless vets with the most need would you talk about that process. >> so the tool is the vi vet it was developed by a professor being used across the country it asks people various questions it take about 15 minutes you'll ask them about the experience how long they've been homeless and questions about their psychiatrist needs we have a number of folks he everyone from community ambassadors to case workers to members of the project homeless connect the hot team going out and providing those services to the folks on the street we have a would have staff team at plowshare leading the forest you don't see

the dreadnaughtus lived 70 million years ago. and despite its size was a herbivore. >> when you're 65 tons you're not going to really have any enienemies. and that made me think of the opportunity of the century ships, dreadnoughts. so i thought dreadnaughtus, fears nothing. >> the dreadnaughtus measures in at roughly the same size as the thrir meters in length which marks it out as one of the longest-ever dinosaurs. abouts it is its weight that sets it apart. spends most of its life eating just to keep alive. >> the dig in argentina began almost a decade ago, uncovered two different specimens, the largest of which may not have been fully grown when it died. a meter wide, lank in your to clob err anything opponent that attacks. richard pallot, itn news. >> some late news before we leave you tonight. palestinian protesters clashed in east jerusalem. teenager had been wounded by police during an earlier incident. bruce levenson is surrendering control of the atlanta hawks. black fans scared away whites. and fans turned out for the f

and going on over the years for democra democracy. the police, military and china have learned their lesson against becoming too heavy handed and creating a larger incident that would result in sanctions and other things. i mean, they know with enough experience that not to overreact. so i think this passes as long as it doesn't escalate, i think the china investment story is largely intact, though i probably wouldn't put money -- >> what about john's argument that we're due for a correction -- >> ah. >> -- and that some of the froth from the alibaba ipo is part of the argument for that. >> we've been expecting a correction in u.s. markets now i think for three years certainly. this is probably most overanticipated correction that just hasn't happened in my career. so yeah, we're due. he's right. but it just doesn't seem to happen. this could be the spark or we continue back as normal. it feels toppy. >> let me ask you this, john. we know that the chinese economy has been weakening for quite a while now. how vulnerable is the chinese e

but the next 5 years in terms of the programming those categories will 5 hundred and 07 o 70 employed million dollars those categories alone and i want to note a blue box box in the upper right hand corner replacing the fleet is better performance the 2 hundred and 93 will the evidence will then show that effort all right. we see a list of the number of categories that run out of money sooner or later and by looking at the category that are giving more or less years where the funds are happening since 2009 those categories are shown with a negative number for instance, and as was mentioned earlier the expenditure plan the metro we are van a ton of money over the next 5 years to fully fund van ness and the geary construction and put a substantial amount towards the initiative categories with additional years are where interests more programming capacity because of the lower fivents costs and sometimes paratransit for instance, wife seen money reinvested back into the program so this is information on this slide the 2 thousand 9 baseline we've prepared for

in the last year 2013, 24 pedestrians died. there are a number of concerns that the city is trying to address with respect to the transportation system today. keeping all of that in mind and taking that into consideration, a year ago in 2013 mayor ed lee called together a transportation task force and he called it transportation 2030 task force. there are about 45 people who served on the task force and representative of variety of interest and backgrounds and number of policy makers and officials as well as transportation experts, finance experts and representative of large and small business and transportation stakeholders as well. that group met for about a year and looked at given where we are today with the state of our transportation system and all of the plans and strategies that have been developed over the years by the city in coordination with communities and stakeholders, what is it we need to do to make our transportation system work. both today and looking forward to 2030. and that forward look to 2030 was important

, the rent will increase by 25,000 per year, and total amount paid to the airport of $2,625,000 for the period of july first, to june 30, 2019 is shown in the table two on page 13 of our report. and we recommend that you amend the proposed resolution, authorizing the subject lease with t-mobile to be retroactive to july first of 2014 and proposed resolution to be approved ads amended. >> we will open it up to public comment. >> anyone wish to comment on item five? >> seeing none, public comment is closed. a motion? >> a motion to accept the recommendation and move forward the recommendation. >> okay, and we can take it as well. >> madam clerk, could you call item six. >> resolution to approve the modification, number one,resolution approving modification no. 1 to the 2011 lease and use agreement no. l11-0011 between hawain airlines, inc., and the city and county of san francisco, acting by and through its airport commission, to add the administrative office (538 square feet) to the lease, for a minimum guarantee of $698,480 over the remainder of the lease expiring on june 30, 20

in the jewish community we're in the new year and the day of atonement. with us this morning to talk about the jewish new year is avi rose who is the executive director of jewish family and children's services of the east bay and rabbi michael who is the director of interfaith bay area. welcome. >> thank you let's jump in and first talk a little bit about the agencies that you come from and what they do and then we'll jump in and talk about the new year. the jewish services of the east bay. >> we deliver human services across the counties. we've been doing it for a very long time. we do services in the jewish community and in the broader multiple cultural general community. we do a lot of work with early childhood, mental health, older adults, and a lot of work with refugees and immigrants. >> and your zone of service is --. >> the whole east bay. alameda and cannot tra costa -- contra costa counties. >> interer faith bay area. >> we're part of a national organization connected to a website interfaith family.com that offers tons of information for familie

san francisco staff and the board of education so all that said we had a breakthrough a couple years ago as was described when the mayor's office of housing and now the community development and a sfusd engaged in a degree of negotiations around this site this was the break through we preceded to negotiate in good faith and we're glad we reached this amendment and hope it has the committees supporting future. >> thank you. >> thank you. next speaker, please. >> i'm with the mission eviction and i'm a long time resident of the mission district. actually, in the 80s i was the executive director of rap that is american people alternative program we were able to get the superintendant actually that property 1950 mission for one dollar a year and started the alternated high school which is one of the first latino chicano holidays that was started? country and actually we're asked to move out eventually because we had suggested that they build housing there for the community. and it's been 23 years that we have been on the board of education and on the staff to get - give the property to t

$50 million on each roster committed the property tax first and the bond year starts in november to the end of january property tax is the first, the bond year we want to rehabilitate we've covered the years debt service in this. we probably won't get that much but in terms of the request we're requesting $98 million for the bond the entire year the other items are smaller in terms of the property tax the mission bay amount above above maximum might be $3 million and infrastructure we're moving forward on and some smaller items our retiree health insurance and a little bit of staffing the match to the grant of the shipyard and the other thing that's new on the roster is the first 3 payments of a loan amount borrowed from the low and merry-go-round redevelopment days some of you may remembered a supplemental payment needed to be made the development borrowed money from the housing fund in dissolution the state that debt could be paid back at a measurement rate. and so, now that the city has become the housing successor agency paying back that is the property tax to the city we're prop

for the first time in 60 years. in the course of last 100 years, muni's diverse workforce forged by men and women of innovation have reflected the many cultures that flock to the city. muni's ground-breaking antidiscrimination has guaranteed equal opportunity for all. the city's policy mandates the course for the future, as they work diligently to increase options and increase multialternatives, and deduce -- reduce the carbon footprint. it continues to improve the systems. during this sen -- centennial year we reflect on the transit system. driven not okay good morning. everyone welcome to the san francisco budget & finance committee for september 24, 2014, i'm mark farrell i'm joined by supervisor avalos and supervisor cowen and thank you jim smith and others amazement's as yes, please sloindz all dies and files shall be submitted to 9 clerk and the agenda will be for the next meeting. >> madam clerk item one. >> resolution retroactively 30 years the department of public health to accept one hundred and 80 thousand

the 19-year-old is from shunshi province. riting down the recipes he's learned in the restaurant's kitchen. not all come to beijing with concrete dreams. these youngsters have a different perspective on life than their parents. in the past migrants would send money back to their families. now youngsters chase their dreams longing to enjoy urban life. it's 9:00 a.m. on guijie street. the mornings here are very tranquil. street vendors who worked throughout the night can now rest. it's 3:00 p.m. this restaurant is holding job interviews. the monthly wage is $320 u.s. including room and board. much better than the working conditions in rural areas. however, many workers are unable to tolerate the long night shifts and they eventually quit. >> gao, owner of the town's biggest restaurant, has his own philosophy. gao came to beijing from a rural area and worked his way up. his values are different from the free willing values of youngsters today. the battle of the generations continues. it's 4:00 p.m. massive amounts of food are del

of each 5 year programs has dramatically higher than cash flows from the 5 year period this is a combination of rolling projects forward so the expenditures from the existing allocated projects whether you see in the blue box 40 percent of the cash in the early years 2015-2016 is from looltsz prongs the prop k sponsors have been slow to allocate the expenditures to balance that it has in some cases be able to spend other funds ramble the prop k this leads to refinancing the costs and funding for the projects so to note here over the last 5 years there was a spike in the first two years of projected cash flow and what the sponsors in 2009, 2014-2015 and there's a discrepancy before what we actually spent on the capital projects all right. with that, i'm happy to take questions on the strategic plan. >> so any questions colleagues. >> supervisor kim. >> thank you. i know that the downtown extension and electrification came up and i know there's a large discussion in terms of how to insure alignment likes caltrain and the high speed rail and the transbay terminal i want to ask

unified school district and our master of social internship program has received the field agency of the year for 2014 from the university of california berkley they whuz choose one action that has a field parliament to the master students our program was selected they've been a collaborative faculty coloration and they will be recognizes the at the hotel plaza i'd like to gralt congratulate them we're proud of the students serving our students and community here in the san francisco unified school district. now if initial like me, you probably felt be shaking on sunday morning i'm very, very happy to report none which our schools were harmed and our students returned to class i want to thank the citizens and voters that helped us to upgrade our facilities and like to review what most of our parents know if 9/11 an earthquake happened all our schools have an about emergency program and we have disaster workers they're committed to stay with our students. it is possible that students might be moved to another location depending on the circumstances to provide better care if necessary there wil

above the peek from last year. the dxj looks fantastic. these are stocks that are going higher right now while the u.s. is at this indecision point so it's worthwhile to people managing portfolios to not be constrained. >> aren't we consolidating right now? when you look at the s&p we're sitting between 1970 and 2010. when you say the others are breaking out. we broke out and now we're holding up at the higher levels. so don't you see that within that the u.s. would still be the best place to be? >> no on the basis of just techtec technicals i a loan i say the u.s. looks just fine. longer trend is end capped. and -- i think from a valuation standpoint, the question is what is going to be the best place to be over the next six months, one year. and i think you can make the case there are cheaper markets with better momentum than just the large cap united states market. >> ron sloane. chief investment officer of invesico's global core team. >> good afternoon. i think a little bit of everybody, actually. can we get to 2300, probably not in my

the street, usually stay out of jail. i was one of those lucky people many years ago. i came from a family who was able to bail me out of jail and i was able to get out, and eventually get my life together and show the court that i was worthy of staying out, part of that was the color of my skin and part of that was the socio economic family that i came from, the majority of the people in our jail don't have those resources. they don't have the opportunity to bail out and we can and then on the other issue that i want to talk about was the district attorney brought up the people with prior serious crimes. now, someone could have a prior serious crime from 20 years ago, not have money, and not be able to get out of jail. if for something minor today. whereas someone can have a prior serious crime and a current serious crime and have money and still get out of jail, and so, it really does, even though the public safety is a big issue, it comes out to people with money are able to get out of jail and the people without money aren't and it comes down to that simple and do w

on monogrem street for child services in the fourth year for the period of january 1st, 2019. >> i'm claudia the director of real estate in lieu of john updyke this is an extension of a lease that has had the department of child support services at 617 mission street since 1995 a 5 year experience of a option 5 year are warrant lease from january 1st, 2015, to january 1st, 2019, increasing the rent subsequentially that's because rent was low to from it to 95 percent of market that's still below market rent is fixed for the 5 year term it includes everything but electricity department of child support services is by the state and no rent for the city and unless you have questions that's it okay. colleagues any questions okay mr. rose to our budget analyst report please. >> yes. mr. chair and members of the committee on page 3 of the our report we report that despite the 61 increase in rent according to the real estate department this proposed rent is still below fair market value we do recommend you approve this resolution. >> okay. thank you, mr. rose colleagues que

since 1 950 they yielded the post caps per year. with stocks sitting near record high levels, many are left wondering whether we're due for the long-awaited pull back from the market. >> when we look at this environment, the higher we go, the higher the stakes become. investors want to be cautious. >> reporter: the last time we saw a big market drop was back in 2011. and these kdays, there are risk associated with the markets. tensions between russia and ukraine, islamic militants between iraq and syria and indicators in places like europe and china. those are among many reasons why a deeper pull back in stocks is in the works. >> i think the sidelines for the retail investors is probably the best bet. if you're involved, stay the course but be prepared to reduce quickly. >> reporter: the september story isn't all doom and gloom. over the last five years, the s&p many 500 has posted an average 2% gain during the month of september. consumer discretionary, tech and industrial stocks helped lead the way higher. that's why others think

so, the 20 year old female who was a resident of the apartment, the 41 year old male, who is the father of the female, were both in separate bedrooms in the apartment, and have both been transported to northeast detectives as witnesses. >> we're told both father and daughter cooperating with police, no word on any charges this morning, i was just able to speak with the victim's mother, the 32 year old victim's mother who says, they live right down the street, these two new each other, and her son not in anyway breaking into this apartment. this is still developing story, we'll bring you the latest as is soon as we have it, but for now live live in home circle, jan carabeo, cbs-3, "eyewitness news". >> thank you, more breaking news as well if philadelphia's kensington section this morning, where 24 year old woman is fighting for her life after early morning shooting. police say two men, fired at least ten shots at the woman sitting on porch of braddock street, hit multiple times, is currently in critical condition. >>> and, you are looking live here at atlantic city trump plaza casino, w

the and 24-year-old stokely carmichael is in one of those episodes calling for black power and if you are in new york city growing up in the 1980s in the context of everything from spike lee to howard beach to different roiling demonstrations against police brutality that documentary was a signal moment in my own political history, my own intellectual development so i encountered kwame ture stokely carmichael by way of the miniseries eyes on the prize and in subsequent years as i went to college, as i became us thinker, reader, writer, activist, he always stayed on my mind. the first book i wrote waiting until the midnight hour was a history of the black power movement in america and internationally and it was in the course of doing research on that book that i really came to deeply deeply investigate and research the life of stokely carmichael kwame ture. by way of introduction. "stokely: a life," this is of biography, a political activist who i argue in this book stands out as one of the three political activists in the postwar period who transforms democracy, civil rights, communit

it seems like years ago when nick foles was the backup to michael vick to start the season last year es is the man at quarterback this year and he has earned it with an nfl record breaking season last season. foles did have moments that challenged him but foles says that's part of the process. keeping your emotions with the good and the bad is part of what nick foles has learned. >> definitely something that's been developed through the years. i haven't always been like this. if you put me on a basketball court i have no demeanor and i just go everywhere. so it's somewhere, you know, i just learned throughout the years it's important to stay steady. if you throw a touchdown pass, it's okay to be excited about it. it's awesome but right after it's done, go back, look at the photos and it's on to the next series because lot of times seven points, six points, seven points isn't going to win i was game. >> unless you win the game at the end. your new kicker this season sounds like a boy band. codey parkey time. codey parkey. parkey won the job as the eagles kicker with two, 50 plus yard f

>> on the equity side, we have three years of experience. have one company that just listed to go public. that is the first company that has been crowd funded initially that is not going public on the u.s. exchanges. on the debt side, returns ethically been six or 8%, with a bad debt expense of under 2%. >> let's talk about how it is regulated. how safe are the sites? >> u.k. has had this for two years, austria has had a provision for this for eight years. there are a lot of investor protections baked in. certainly the work that we do with investors, with securities , with governments, is how do we create the right balance to make sure that investors are protected. >> but there are regulations when it comes to investment banks and compliance issues here. can we get a sense of what could go wrong? >> fraud is always a concern. what we have to do is create the right amount of protections for investors, and balance for issues. how do you protect investors? cardio make sure that there is a process to get access dust that the process to get access

we looked at the 10 years which had the cool temperatures at this time of the year. ound out first of all there are a lot of warm days. produced a cooler than normal winter. eight of the 10 produced less now than average. make of that what you will. that is not a hard forecast. it is interesting to see where we've gone after a cold spell like this this early in the season. some beautiful pictures right here. >> trends parts of arizona and mexico overnight. parts of texas will show you the numbers on those reins a moment. and colorado when she shot this thunderstorm off in the distance. where reynolds of forest park was out on the british west indies. >> is light winds of recent days have such a beautiful conditions. local landed in her backyard. how to have blown surrounding the area. if ever a chance to do that do that. as a wonderful way to a survey the area. >> a plate fast last weekend. you had all sizes and shapes and colors. >> of our photographers for beautiful shots. with an ice today this has been geared a couple can in the clouds have developed. some low clo

and the obama years is that it used to be the baby boomers, the people who were born in the 15 years after world war ii were considerably less conservative than the people born between 1930 and 1945. what's happened since about 2006 or '06, a reaction not just to the obama presidency and also the financial crisis has been in all kinds of ways you can see the baby boomers suddenly becoming a lot more conservative, as conservative as people now in their 70s and 80s. we're talking about people in their 50s and 60s. that has made, that has pushed republican party quite far to the right. but it creates a problem because the republican party is the party of business, enterprise limited government but older people and the people who get most of the dollars the government spends here at home, not counting the military budget. the party of limited government and depends on the votes of older people and the people who get the most from government hard to focus on voters' ideology and that creates a lot of the tensions we've seen in the republican party. >> before we move on to items two

opposed to opens up in 2019 i want to leave i with an understanding of what has to happen in the next 10 years with the amount of jobs and housing weigh to see in san francisco we need to keep reviving in our transportation system that's why you see a 5 hundred thousand there's bond prolapse a does not raise our property taxes isn't that credible we can raise the bond and keep the discipline now you get another $500,000 to match we've sfliftd our hospitals and fire stations and very badly needed auxiliary wart system in mission bay this is from the same planning we have not only not raising property tax we've counterfeit our services it is the first step in a $10 billion project in the next 10 years the cost of ignoring munis problems and fatally further behind on the conditions of our street and jamming more people into the offer crowded streetcars is extremely high thank to my transportation task force we have a map to learn state and local money and fund our system in a responsible and sustainable way if we shoulder the transportation challenges that will begin with this $500 million transp

he evolved on a number of issues for the next five years but the last year of his life when he comes out against the war in vietnam, everything and everybody turned on him. the media turned only. the white house turned on him. white america turned on him. 75% of the american people, 75%, mike, thought he was irrelevant the last year of his life. almost 60% of black people thought he was irrelevant. the naacp turns on him. the urban league turns on him. i can't say on television what thurgood marshall said about him. it was a living hell because he tried to speak out against a war and nobody would hear about it. >> he must have had incontinues depression-- >> intense depression. >> he's depressed, despondent. his own organization, his board voted to condemn him on his vietnam position. he can't get support for his poor people campaign. so everything, everybody, the media, the white house, black folk, white folk, his own organize gaition, everybody is against -- organization, everybody is against him. but he gets all all these years later -- he has -- this is going to be hard to say. in

and the ten-year yield volatility, up to 2.62% on the ten-year. me brian reynolds and chris heisey. what did you make of the fed's announcement? >> people were fearing a lot of change from the fed and we only got a little change. i think that's a good thing. the most significant thing to me today is credit derivative spreads narrowed. that tells me people aren't going to panic over this decision. that's probably a good short-term -- >> is that because they're not making wholesale changes so far? >> they're not. and this credit boom is going to continue no matter what the fed does. eventually they'll raise rates. but right now people were scared there was going ton a mi be a m panic after this announcement. >> i think people were trying to create a mini panic by discussing what words were going to be taken out. the reality is nothing would be changed measurably. that's the word we'll hear a lot. measure, transitory, et cetera. the most important thing out of the meeting, could take ten years to unwind the balance sheet. that's a massive statement. t

where the boys were to begin their sophomore years. waltder perez is live now at the school. >> jim, a huge vigil is scheduled tonight at the sports complex at the school, as you mentioned, new information and it centers on a 15-year-old girl. police sources tell "action news" that not only did the teenager that was reportedly behind the wheel of this suv, not have her parents permission to take the vehicle but she doesn't have a drivers license. a fatal decision that took the lives of three students from council rock. we spoke to students. >> heart breaking, no parent should have to see their kids go through this and no commune should have to lose kids like that. >> the driver was accompanied by a 16-year-old girl within they picked up the four boys last saturday morning, authorities tell us they went to breakfast and were on their way back when the driver lost control and rolled the vehicle. three rising sophomores were killed and the fourth council rock student was treated and released for minor injuries as were the two girls from ne

the border. proposing $1.2 million a year fund. san francisco supervisor became emotional after hearing about some of the children. >> walter traveled to san francisco's city hall he and others told supervisors they had no choice but to run from the violence and poverty. this to fund their legal representation after leaving the center, the children come here to san francisco immigration court. they're told to come back with legal rep sen tags. >> we in san francisco are going to set an example for how we should be dealing with this issue. >> listening were natalie and sally. they left after seven years of being apart. their grandmother helped them along the way. she says it took two months to get to their mom. some don't like the idea. >> take lawyers out of it. the money you put them in here, you make this a sustainable situation. >> now, families are relying on nonprofits to help them. but the groups have too many cases. private law firms announced they will donate money and time to represent a few of them. >> my message to firms

the influence. michelle cabrera, scotland. >>> still what a difference a year makes, remember the government shutdown a year ago? why members of congress are taking a very different tack this year. >>> higher reward money for wall street whistle-blowers. that is what u.s. attorney general eric holder is proposing. in a speech today at new york university holder asked congress to raise the limit on the amount of money whistle-blowers may receive for providing evidence of financial fraud or other misconduct, something holder says is needed more than ever to combat wrongdoing. >>> but it remains true that at some institutions that engaged in inappropriate conduct before and may yet again, the buck still stocks nowhere. nowhere. the responsibility remains so diffuse, top executives so insulated that any misconduct could again be considered more a symptom of the institution's culture than a result of the willful actions of any single individual. >> current laws cap those rewards at $1.5 million which holder calls a small sum and may not be enough to entice a corporation of many in the financial industry.

to year distorpgsz you can look for the age but it shows a clear picture and this is 40 years of melting arctic but it proves most of you know as we turn bright white use this is sixth but the lesson from the melting i cap average the north pole it's been frozen for $3 million years. $3 million years it's ice-free in most of our lifetimes in september sometimes in 10 or 20 years most oh, it's a nature cycle they're not seeing the big picture this has not happened in millions of years the problem of sea level as ems which is to recap the safes e science seawater expands as a warms and the seas are warmer half the effects it comes from theoretical expansion the gracious in the world 2 hundred thousand glaciers and the eye in ann or can it don't hurt to get it on the record. now glaciers we see the photos of the prior years and now the current pictures of glaciers ware disappointing but when all the glaciers in the world metal they'll run to the sea level and we'll have on the a few foot of sea level rise hard to believe from the national parks it's the arctic and we have to begin to unders

what's your outlook for the rest of the year? >> susie, we like everybody expect to sew a correction. we've now seen the dow jones industrial average go the fourth longest period of time since it had a correction of 10% or more since 1929. so clearly we're due. that said, any kind of an election cycle that you look at suggests the midyear elections are typically very good for the equity markets, while the last 60 years post every midyear election we've had a rally in the year end that's taken the market on average about 16%. so it says by the midyear elections and so if we get any corrective phase in advance of it, use it opportunistically. >> all right, marx, thank you very much. janney montgomery scott. >> two huge mergers, both with german companies buying here in the u.s. german drug company merck is paying $17 billion for sigma-aldrich, this is the st. louis based chemical and lab equipment firm. the ceo said the deal was a very positive one for shareholders and for his more than 9,000 employees. >> what this deal does, it pu

did the share price increase about 50% over the year? what does the chart say? it's a sample question from a test given to hundreds of thousands of 15 year olds around the world and it has become that test, a yardstick, for evaluating the quality of school systems. the u.s. routinely underperforms despite outstanding most other countries on education. do you know the right answer? we'll give you that and the man behind the test next. >>> and you can join the conversation. why does high spending not correspond with higher u.s. test scores? why don't we do better? go to cnbc.com/vote. [ male announcer ] automotive innovation starts... right here. with a control pad that can read your handwriting, a wide-screen multimedia center, and a head-up display for enhanced driver focus. all inside a newly redesigned cabin of unrivaled style and comfort. ♪ the all-new c-class. at the very touch point of performance and innovation. ♪ at the very touch point of performance and innovation. take and... exhale.in... aflac! and a gentle wavelike motion... aahhh- ahhhhhh. liberate y