under the leadership of tim paulson at the time in our labor council, these things were possible.the minimum wage will rise, again. the living wage needs to rise out. [applause] whether it is over a copy, or you are reading mit statistics, you know it costs a lot more than $15 an hour to survive. even with just one person in this city, at the lodge of communities in the bay area. get us on as. 's on labor and community and on our elected's to take bold steps and move this even more forward and make progress and make a living wage a reality for san francisco and then we will see, under the leadership, it will happen across the country and elsewhere. thank you. with that, i will turn it over to pat mulligan. thanks, brother. [applause] >> thank you rudy. next we will hear from a san francisco worker and a victim of minimum wage violations. she suffered under -- under minimum wage violations in a case i was investigated by the office of labor standards enforcement. we negotiated a settlement in the neighborhood of $400,000. in the back wages and penalties. just to appreciate it to, t

tim paulson is in the room, pat mulligan is in the room. we get elected and that keeps us honest.re overseen by the department of labor. there is absolute transparency and you've done nothing short of an outstanding job, so thank you very much for all your work. [applause] >> next, james, your turn. so james is -- brought his leadership to the labors and international unions of north america local union 1130 since 1978. and he worked on numerous projects, including engineering for spider dam, hunter dam, ferry tunnel, cliff house tunnel. oh, wow. you were on cliff house. and you served a wide arrange of posts, auditor, executive board member, recording secretary, president. and so i just wanted to say thank you for, you know, working with the p.u.c. and working on the project labor agreement and then when we had issues, we knew we could come to you and you would help to resolve the issues. i want to personally thank you as well. >> thank you, harlan. thank you to the board. thank you for the recognition. congratulations to mike. like i say, i started in 1978, so i have 40 years wo

. >> tim paulson. i'm also with the san francisco building and construction trades council. it has now been ten years since this illustrious body moved this project forward the first time, and it was early in my tenure at the san francisco labor council as the executive director where we at that time negotiated an agreement that included for the first time -- it was actually, when you put it all together, it was 35% affordable housing, which was the first time that happened, and we're very proud of the work that this body and so many of the labor unions and our partners did. and so here we are, ten years later, and there's things that have changed. any way, we're here to support the amendments because there are certain things that have changed. the 49ers left town, and there's other thing that's had to -- that had to be tweaked. we're here to support this. i also want to say things that mike terrio said, we are absolutely upset at the cleanup process, but we do need to have a project to move forward when all this stuff is done, and so therefore, we support this project. than

tim paulson, now executive director of the building trades. >>> okay. i apologize. we had a lot of different requests. m supervisor safai would like mr. arsay to speak. >> i apologize for missing timing and things like that. i want to ask about city build and how it relates to things on the table. there's been a lot of question about city build and how it may play with this proposal. i know we're going to be prop e proposing amounts and what that means. i think they're very committed to seeing a pathway for all the different underrepresented communities that you work with. i just want to hear your thoughts on that. >> thank you, supervisor safai. in the office, economic, and workforce development, i just want to say thank you for all your hard work, obviously to the city administrator, policy makers, and the contracts particularly lbe coming together. for city build as a program, and i'm happy to provide further context on what city build is or does. it's a program that's been around for 12 years. it's the preapprenticeship program that provides pathways to career o

there was an interesting chat yesterday, ben bernanke, tim geithner, and hank paulson. some ben bernanke concern on the next financial crisis. geithner are had more constraints in a heavy crisis. i'm struck by that. we are talking about the today hikes. the issue is where you are around neutral when the next crisis hits. fed coal is to get rates as high as they can while they can. historically we have seen the fed cup 500 basis points when a recession comes. we are at 200 now. you can't cut more than that. they would like to get as much wiggle room as possible. the argument was made yesterday that we don't need to cut as far because this is a lower interest rate environment. in the financial crisis, they had to be creative near see you -- near zero. they are not thinking this will solve all of our problems. alix: i'm glad you mentioned that. jason: a lot of the talk among these veterans was around the toolbox. what does the government now have at its disposal? what do you make of that? >> you were talking about the yield curve and how the fed is interpreting the potenti