deserves to know the levels of affordable housing being built seemingly like to the number of unaffordable housing that's market rate housing this is an important issue to sro tenants in the city and a lot of low income working my family and i were working immigrants and any additional unnecessary density to the argument that the city is moving targets the philanthropy of issues regarding the how's crisis is secondly,y i'd like to speak in support of this to monitoring that report is virtually data we can use to try to make sure the city is affordable for everyone and not only if you. >> thank you very much. >> thank you. next speaker, please. >> good afternoon, supervisors as a missionary i've been to sal reiterate and used to live in the tenderloin and golf street near the center as a missionary i have to get along with the headquarters felt people chinatown, and city hall and i go to insure my missionary action targeted objective in good use so overwhelmingly from the missionary action i entered into the destiny of such a possibly most likely the true destiny of greater so in chinatown

>> hi, i forgot something. ( laughter ) i'm leaving behind vent condos to make sure florida is unaffordableers, so would you water my plant? >> jon: a light show, you turn into a baby. what is that giwouldn't think about it too hard, jon. it's very deep. anyway good-bye! oh and that whole thing about billionaires being essential job creators we made that up. good night. ( cheers and applause ) you know, so, the poors wouldn't kill us. the only thing that really trickled down was ( bleep ). good-bye! >> jon: john hodgman everybody. bon voyage. recently, a 1954 mercedes-benz grand prix race car made history when it sold for a record price of just under $30 million. and now, another mercedes-benz makes history selling at just over $30,000. and to think this one actually has a surround-sound stereo. the 2015 cla. see your authorized mercedes-benz dealer for exceptional offers through mercedes-benz financial services. europe has big buildings like ours. only famous. and older. and gorgeous. and not like ours at all. marcia, what happened? peter hit me in the nose with a football. now sweetheart.

>> especially in seattle where it's unaffordable to live and my student loans, it's going to change my world. >> how is he going to pull it off? we'll have those answers and more tonight. >> as alan mentioned you can watch the full report 8:00 p.m. eastern time. >>> we'll show you the west lawn of the capitol in washington, d.c.. a small helicopter has landed. it's definitely not supposed to be there. i can make it out through the tree i suppose. there is no word on who was on board, why it's there. but we can tell you that the capitol building is on lockdown. >>> president obama is praising the fix of how it pays doctors. it deals with payment structures of. the president plans to sign the bill. the president welcomed west african leaders to the white house. they were there to talk about the fight against ebola. the president said that more needs to be done to insure that the number of new cases continue to decline. >> now we are afocused on a shared goal. we can't be complacent. we have to be fully engaged in partnership with these three countries until there are no cases of ebola. >

multiple unit but generally i'm in favor of that but the language that speaks to the unrelated unaffordable unit in the future we'll take that up and see what is other commissioners have to say i'm in favor with refresh my recollection we don't chop those up into little unit that are not less affordable for those who see this legislation smaller unit are generally more affordable that will not has nothing to do with you know with affordability area it may make that more affordable i'm concerned about making sure we have multiple bedroom units. >> sorry public comment is closed. correct. >> thank you. >> mr. sanchez. >> so commissioner antonini my may i respond to the questions about the division and the concerned raised about the public with a 3 bedroom unit into 3 separate one bedroom units there is a planning code section that prohibit that and the standards state that in order to even divide under the code the existing unit must exceed 2 thousand square feet and contain more than 2 bedrooms and no less than 2 hundred and 50 square feet in size and meet all the requirements for the exposu

>> hi, i forgot something. ( laughter ) i'm leaving behind vent condos to make sure florida is unaffordableers, so would you water my plant? >> jon: a light show, you turn into a baby. what is that giwouldn't think about it too hard, jon. it's very deep. anyway good-bye! oh and that whole thing about billionaires being essential job creators we made that up. good night. ( cheers and applause ) you know, so, the poors wouldn't kill us. the only thing that really trickled down was ( bleep ). good-bye! >> jon: john hodgman everybody. bon voyage. now that you've switched to taco bell breakfast what do you eat? i've got the chicken biscuit taco. and i've got the egg, bacon and cheese biscuit taco. i don't want to be the spokesperson for the south but, this is as good as mama's cooking. my name is mary. my name is dominic. and i am a breakfast defector! ♪ [bong!] kids, new juicy fruit gum with starburst flavors? yeah. juicy fruit, so sweet you can't help but chew. the new s6 hits the stores and i'm like... whoa. open the box and... (sniffing) new phone smell. jump on a video chat with my friend.

you take away the subsidy, there's an indigitalal, you know, six to 8 million people who have unaffordable insurance, and they drop out of the market entirely. insurance policy companies meanwhile, have assigned risk pools based on new customers have projected rates based on customers, but they would have existing customers who stay in the market place. a lot of people purchasing individual coverage not on the mark, and then rates skyrocket. you would have a domino effect not skrus for the individuals losing coverage but everyone else in the individual market in the state. that would be jep news diezed and private insurance companies see their portfolios in grave jep day pretty quickly. i would say having been there for not only all the debate, all the testimony all the hearing, but led the implementation there was never a conversation, suggestion, testimony, amendment, discussion, either during the passage of the bill or certainly any regulation we wrote, any conversation that i had with my former colleagues, governors around country that said, oh by the way, if you don't set up your own

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midst of an economic boom but seeing record of san francisco poverty and 13.8% driven by rising unaffordability in the city. the cost of doing business is a key piece of this debate. it is reflected in many ways in our sector. you have heard from our workers. they can't afford to live here and the increases are less than inflation and they're falling behind. you shouldn't have to be poor to serve the poor. they deserve middle class jobs. we can't recruit or retain good employees and the wages are increasing because of increases and things done in in room and our rents are going up also and our clients need opportunities for mobility and many are hired within the sector. they deserve high quality services helped by better wages and the city as a whole we need to ask what kind of city we have including economic diversity and good jobs. it's the ideal time to resolve this issue. we're again asking for a 5% increase in the next two years to make up for some of the under funding in the past and a working group to develop the policies and mech thism r nism tha will -- mechanism that will have a long-

we looked at health benefits which were becoming increasingly unaffordable for our employees. we did what most employees day increasing deductibles. reduce the trend every year by virtue of benefits we offer. not thinking about whether or not employees can afford it. this is a trend you see in all organizations. invest in wellness let's get , them to exercise, stop smoking, does keep the wages where the market is and health benefit cost to us as an employers to reduce. because it is an expense. it is in a spreadsheet that we can control because these employees work for us. we can touch them every day. what we came to find out, and i asked this question and encourage any of you in organizations to as the same question who are the people at , the lowest levels in your organization? do you know what they are like and how they live their life? asking that question is a much more formidable problem than i thought it would. it took us over a year to come up with the actual profile. i will talk about that in a minute. we started with wellness first programs. we started with eating pr

is unaffordable for a large number of people. especially for students who just finished their studies and have large student loans. do you understand? there's two things to consider in economics. affordability. is something affordable and not affordable. the monetary policies have created a lot of unaffordability in the system and it would have been better to create aaffordability. in other words real incomes would go up where as in the last 15 years real incomes have gone down in the u.s. >> so u.s. equities all in all, long or short of them? >> well you know it's dangerous to short when you have money printers in power and professors and academics that are bound to bankrupt the world. the short side has to be treated stock by stock but i will say the market in the u. s. from valuation point of view and relative to other markets in the world is completely unattractive. european stocks represent much better value and it's not true that europe is slower than in the u.s. in the u.s. you have a slow down. europe you have an improvem

those against it say it's more unaffordable housing. >>> traffic and weathe >>> good morning.lert westbound 4. it was right past the 242 exit. so they canceled the traffic alert and all lanes are open as of 15 minutes ago. unfortunately, we're still seeing big delays out of pittsburg-bay point. we have been seeing them all morning long actually because of earlier crashes. and heading into san francisco, brutal on 280 and 101. northbound 280 there was a wreck at ocean. that's now gone. but you can see 101 is pretty slow as well from candlestick. and a live look outside, out the door if you are traveling on the nimitz freeway we are seeing our usual delays northbound. the drive time is slightly heavier than usual though. 38 minutes from 238 to the macarthur maze. that's "kcbs traffic." let's go over to roberta. >> boy, we have a gray slate outside. we are totally socked in at the coast this morning and into the bay. but we have some clearing in our inland areas. take a look at the current conditions in and around our bay area starting with the coast. it is low, it's overcast, 50

prescription could amount to thousands per month for those are chronic illness making insurance unaffordable group that the affordable care act was designed to protect. now, currently there is no monthly cap on how much people pay out of pocket for specialty drugs. and as much as $1,000 a pill some with chronic he willness are forced to pay -- illness are forced to pay nearly the full $6,500 out of pocket max all at once so in an effort to spread that out over the course of the year "covered california" staff proposed a $500 per prescription per month cap for most plans. but the insurance commissioner says that's still too much. and much higher than the cap in other states. the department of insurance says there should be a $200 maximum cap. >> the affordable care act is a promise that healthcare costs will be affordable. even the health insurers admit that there's very little cost associated with the $200 cap. but it makes a huge difference to the individuals with these chronic life-threatening conditions. >> reporter: now, "covered california" points out the $500 cap is roughly the annual

we'll disagree but the affordable care act is unaffordable for the taxpayer if from year to year we've had a 40% jump in per person medicaid costs. >> so i will want to look at exactly what the cbo reference is. because across the system, medicaid as you know is generally the least expensive options in terms of service and care for individuals. to i'm surprised and surprised by that cbo number because as you and i had the chance to discuss in the ermserms of net and overall costs we've seen that not happening. in terms of the overall increases in costs, we've seen deep control of costs. i apologize. that particular number i have not seen and is not indicative of my understanding of the cost curb. >> and one more thing, you started off extolling the affordable care act. i'll point out apparently only 2% of those with 400% or above income, ie, not eligible for subsidies, only 2% of those eligibles have signed up for insurance through the exchanges. soft the middle class is getting hosed by premiums that have increased dramatically. and we're just going to lee the middle class behind when

it's only going to get who more unaffordable now that all of these etsy employees are going to be buying estate, right? >> well manhattan is less affordable. >> relatively speaking. >> back at the nyse, guys did you want to jump in and ask another? >> chad, when you think about the price right now, i know it's a hard thing to comment on. you're trading basically at a $3.5 billion price, that puts you at about 15 times revenues. is that undue pressure right now. are you going to make any type of elon musk type comment. >> i don't want to comment on price, i think if you go back to the beginning of the ipo, you read the s 1, read my shareholder letter, we talk about building and planning for the long-term. we really mean it, it's really important to us. and i'm not focused on the stock price today. we're focused on building value for the long term, continuing to serve the community and continuing to build me to this great company that i'm really proud of. not really focused on the stock price at this moment. >> from here, we see etsy sellers outside what can we expect technologiwise, you t

we looked at health benefits that were becoming increasingly unaffordable. we did what most employees day increasing deductibles. reduced trent every year by virtue of benefits we offer. not thinking about whether or not employees can afford it. this is a trend you see in all organizations. let's get them to exercise, stop smoking, does keep the wages where the market is and health benefit costs to us as an employers to reduce. because it is an expense. in a spreadsheet that we can control because these employees work for us. what we came to find out, and i asked this question and encouraged any of you in organizations to question, who are the people at the lowest levels in your organization? do you know what they are like and how they live their life? asking that question is much more of a formidable problem than i thought it would. it took us over one year too, with the actual profile. i will talk about that in a minute. we started with wellness programs. we started with eating properly, exercising, and invested in mindfulness and yoga. i will give you an

>> yeah especially in seattle where it's unaffordable to live and my student loans are 24, it's going to change my world. >> dramatic change for people and the company. why is the c.e.o. doing it and how is he going to pull it off? al jazeera seattle. >> you can watch his full report tonight at 8:00 eastern. >> on the healthbeat, new research links diabetes during pregnancy with a child's risk of developing autism. the study published in the journal of the american medical association finds women diagnosed with gestational diabetes were 40% more likely to have a child who developed autism. no increase was found in autism risks if the mother was diagnosed with die bates after week 26. autism affection one in 26 children in the u.s. the medical director of the autism treatment network for autism speaks joins us. thanks so much for your team. 40% more likely for autism number means alarm bells should ring. should they? >> they really shouldn't. the concern here is for women who have gestational diabetes early in pregnancy but that increase is an increase over a small risk to begin with,

, many hopes are left empty with owners not bothering to pick up their keys this is due to the unaffordables the country. they are demanding tougher penls. joining us is ed meade. great to have you with us today. how worried should we be that these huge -- coming on to the market, are currently only about 50% occupied. people are not bothering to pick up their keys. >> part of the problem is exactly what you're talking about with exchange rates. central london has become a repository for rich english people's wealth. property is an asset which they can use if a balloon goes up. if people are not using them now, they can use them at some point in the future. london is a popular place. we have political stability. a lot of people like investing in london. they feel anybody who makes money in the world seems to want to buy a place in london. there are an awful lot of places coming to the market. 54,000 new units coming to the market along the river. that is an awful lot of units. at the moment there are a few of them that are empty because they are not being bought but you right. there are qui

. >> the customers they look for keep coming back month after month to take out these unaffordable loans. we are talking about people who are always working people, but who don't make a lot of money and really need some help to make ends meet. >> they prey on people, because there are so many of them, and they know what enables to put them in. i'm speaking of me, black people because that's where they are. >> your industry has been called predatory and abusive. do you think that's fair? >> no. we're not predatory at all. just because someone calls you a name does not mean that it's true. >> louisiana law limits the amount someone can borrow from one payday lender to $350, but recent bills to cap the annual rate and the number of loans a person can take out each year have failed. most states have some type of restrictions on payday loans and 12 states have banned payday lending. >> this industry that grown out of control in louisiana. >> moehler homes the consumer financial protection bureau will introduce a national set of rules, giving war rows more time to pay the loans. >> the federal

not verifying borrowers' income pushing borrowers in unaffordable loans, aggressive debt collection driving up cost through hidden add-ons, overappraising home, all of these things. if you do nothing else, read this essay which i flat predict today, write it down, is going to win a pulitzer prize. i write it down. it has been suggested that lenders could not make a living were they held to eight points over prime. but that's not -- that doesn't square with reality what is reality? take out the largest lender who averages seven points over prime, seven points over prime, average all the rest and it is 3.8% over prime. don't tell me lenders can't make a living in the manufactured home market unless they're given 10 points over prime. they're making a living and in fact they could double it and still be approximately what the single largest does. this bill is about relaxing an awful lot of consumer protections among our most vulnerable population. requirements to do housing counseling, ban on teaser rates, early provision on disclosures, large font statement of the consumers' rights. this bill

away the subsidy you suddenly have an additional perhaps 6-8,000,000 people who suddenly have unaffordable insurance and they drop out of the market entirely. insurance companies meanwhile have assigned risk pool's based on new customers. they have projected rates waste on the customers -- based on the customers. suddenly, their rates would skyrocket. you would have a domino effect. everyone else in the individual market in that stage would suddenly be jeopardized. some private insurance companies would see their portfolios in grave jeopardy, pretty quickly. i would say, having been there for not only all the debate and testimony, all the hearings, that led the implementations there was never a conversation suggesting testimony amendments, during the passage of the bill or certainly any regulation that we ever wrote, any conversation i had with my former colleagues, governors around the country that said, oh by the way, if you don't set up your own exchange, your citizens won't have coverage. i think it is a -- it is difficult to read what is a national framework national law, national cov

however, if they really spike, they become unaffordable. >> it was more than that last year. >> yes. think you're going to see it level off with a growth but not over the top. >> chris, last word to you. a lot of people have been betting on the home builders. they've had a great run but they're lagging a little bit in recent sessions. >> yes. >> are they very well positioned for the reasons we just laid out or will we continue to see them struggle to get back to pre-recession building levels? >> here's the pro and the con of the builders. the pro is sales are starting to go up indeed. first quarter this year housing sales are 20% higher than they were last year. but to that end, most of the activities on the higher end of the market. the lower end is still being constrained by the weak labor market and tight credit conditions. as long as we continue to move forward over the course of the year the way we did last year that's going to start to change. where the builders are going to do better are the guys who focus on the more lower end of market. that's the part of the market that nee

combination of prepayment for routine expenses and coverage for, you know, unexpected, totally unaffordable costs, but it's that prepayment that's really driving us. and the fact that hospitals and doctors and other providers are assured that the costs will not get in the way of treatment means that essentially they're more free, they feel more free to do the right thing in terms of recommending what could be very expensive care. obviously there are very large subsidies. the medicare and medicaid programs are heavily subsidized. tax subsidies. essentially, it's hard to find anybody in this country who doesn't have some part of their health care costs subsidized by the taxpayer. okay. the way we run this system also drives spending. fee for service payment is a big factor. fee for service promotes the use of more and more expensive services if you're a physician, say. in a fee for service world if you provide more services you get more pay. it's very simple. financial incentives promote innovation as well. there's a yin and yank in all of this. we're spending more money but we're getting mor

differentiation in price based on health conditions you don't have a balanced risk pool, rates are unaffordable in fact in washington state which is one of the first to do it insurers left the market. fine. for two years they literally had no insurance coverage for small business owners and for individuals. so it really does tie together. if you want to get rid of preexisting condition coverage, i would agree everyone says they're for, unless you want a single-payer plan, if you want private insurance industry to survive you have to tie that to a balanced risk pool. everybody in. some people will get sick. some people won't. i find that the story about the gentleman who didn't want maternity coverage or fertility coverage, my guess his drug plan still has viagra, i guess he didn't get out of it entirely. but if you don't want gender ratings, which was legal up until the affordable care act which meant that women in this market, again we're talking about a small market now, if we were work in big employer, if you work for government, we always had a situation where there is package of benefits,

we will disagree but the affordable care act is unaffordable for the taxpayer if from year-to-year wehave had a 40% jump in medicaid costs. >> i want to go and look at exactly what the cbo references because across the affordable care act medicaid issue probably know is generally the least expensive option in terms of service and care for individuals so i'm surprised by that cbo number. as you and i had the chance to discuss in terms of the net and overall costs we have seen that not happening and in terms of medicaid increases in costs we have seen deep control of costs. i apologize that particular member had not seen and is not indicative of what my understanding of the cost curve is. >> when one more thing to squeeze in because you started off with the affordable care act. only 2% of those that 40% above thing, i.e. not eligible for subsidies only 2% eligible have signed up for insurance through the exchanges of the middle class is getting host by premiums to -- that have increased dramatically. >> with regard to premiums in the employer-based market. >> no this is an exchanges. on

around 12.5 to $13 an hour and we looked a the our health benefits which were becoming increasingly unaffordablefor our employees as we increased the deductible, the out of pocket, reduced the trend every year by the virtue of the benefits that we offer not really thinking about whether or not those employees could afford. we invest in wellness, let's get them to stop smoking, let's get them to start kpaer sizing, keep the wages where we think the market clears and make sure the health benefit cost to us as an employer are reduced. why? because it's an expense. it's in a spread sheet and we can actually control because all of those employees work for us. we can touch them every day. well what we came to find out -- i sort of asked this question and i encourage you in your organization to ask this same question. who are the people at the lowest levels of compensation in your organization? do you know what they're like? how they live their lives? asking that question was a much more formidable problem than i thought it was going to be. it took us over a year to come up with the actual profile. and

brother text and permit some of the most abusive and deceptive practices that trapped borrowers into unaffordable loans. those protection -- those protections were hard-earned and clearly justified and eliminating them would put us back in the same situation that led to the worse recession since 1929. and this bill, h.r. 650, would work -- would weaken consume brother texts for manufactured home loans. this is a bad bill and i urge my colleagues to vote no. the speaker pro tempore: the gentlelady's time has expire thsmed gentlelady from california reserves. the gentleman from tennessee. mr. fincher: reserve. the speaker pro tempore: wonts -- continues to reserve. the gentlelady from california. ms. waters: could you tell me how much time we have left? the speaker pro tempore: the gentlelady from california has four minutes remaining. and the gentleman from tennessee has five and a half minutes remaining. the gentlelady from california. ms. waters: i now yield two minutes to the gentleman from washington, mr. heck. the speaker pro tempore: the gentleman is recognized for two minutes. mr. heck: tha

and initiatives that were affordable can quickly become unaffordable just through the passage of timeould take time off the process, we can get more projects for the money. so we have a series of initiatives in our bill to address that issue head-on. you also asked about, what about communities that will struggle to get a tiger grant. we actually are hearing that message loud and clear. again, because we have a mayor as a boss. who has struggled to be able to put together dollars locally to match federal funds at times. and he had a very prosperous city. so you will see a difference in our notice of funding availability for tiger this year. whereas, we have always overmatched local communities. we will continue to do so. but also, we'll recognize those communities that cannot provide an overmatch, and make sure that they are fully competitive with everyone else. >> could i mention one other thing that i forgot to mention? i did mention the water infrastructure resiliency finance center, which is a new effort to look at creative financing opportunities to bring in private sector dollar

prepayment -- is a combination of prepayment for routine expenses, and coverage for unexpected totally unaffordable costs. but it is the prepayment that is really driving us. and the fact that hospitals and doctors and other providers are assured that the cost will not get in the way of treatment. it means that they are essentially more free, they feel more free to do the right thing in terms of recommending what could be very expensive care. obviously, there are very large subsidies. the medicare and medicaid programs are heavily subsidized. tax subsidies -- essentially, it is hard to find anyone in this country that does not have some part of their health care costs subsidized by the past -- the taxpayer. the way we run the system also drive spending. fee for service payment is a big factor. fee for service promotes the use of more and more expensive services. if you are a physician, let's say, in the fee-for-service world, and if you provide more services, you get more pay. it is simple. there is an and yang and this -- in all of this. we will get more innovation, but that often leads to more sp

housing is very unaffordable and we'll have more renters going forward. >> if the fed actually raiseson't at this point, patrick, what happens that equation? if it's a quarter point hike rate and once you get to 1% or 2% how does that also impact home prices? >> it will impact home prices somewhat. what matters going forward is the strength of the economy. if the economy grows and picks up speed and keep on creating jobs, that will be a more important factor that mortgage rates are climbing back to where they have been historically. right now just very low. >> all right, patrick, sarah, thank you both for joining us. >> andrew, back to exxon quickly. in money they lost money in exploration and production. up stream $42 million. now, internationally, upstream they made, they still managed to make $2.9 million. if you add in the earnings of just under a billion you can get up to somewhere around $4.9 billion. the big question is now, they haven't made a big acquisition since they paid like $30 billion or $40 billion for xto a year back and right now they got huge amounts of money and a

it was unaffordable without doing something. we are in our late 40's, early 50's.e need health care. as you get older health problems due to pop up. -- do the cost needsp to beo addressed. pas up. as a woman it is my responsibility to make sure my household is ran in a way that is good for my family. the cost of health care, something needs to be done. the increasing costs we cannot sustain the increasing cost of health care. to go back to what the other lady said about hillary clinton, i am a woman and i would never vote for hillary clinton. i would love to see someone to make the competition besides hillary clinton from the democratic party even though i'm not a democrat. we need to address the cost of health care in this country. that will be my main thing i would like to see done. host: politico had a story taking a look at recent hires by the clinton campaign when it comes to policy issues. it'll be headed by my a harris -- miaya harris. -- you are up next on top policy issues for women. go ahead. caller: i would like to comment on the lady who owns a beauty s

caller: all of you people bragging on this obamacare or the unaffordable care act [indiscernible] thes on 26 has caused my sons insurance to triple to keep my grandson on at 26. now when my grandson get 26 he will have to pay triple, about $400 a month, to be able to get health care. you could buy it right now for $90 a month. these pre-existing conditions and birth control for the women he has got to have on it. birth control and all this stuff. my insurance has been trip. led. i was paying $69 a month. now i am paying $189 a month. they put us on the obamacare deal. they had this paper all this extra stuff. i do not even meet it. all of these people will think it is cheaper. when you add a pre-existing condition and kids to 26 and paying for for control for the women. you cannot go down and buy a new car. host: all right. coming up next year when to switch careers and talk a republican congressman of was on sin. we'll get his take on iran. later medical cap of massachusetts will be here. we will be right back. ♪ >> she was considered modern or her time. she was outspoken on her view