especially if the remedy is that the underlying environment document itself would need to be reopened if it was found to be invalid. supervisor campos: you can proceed. i know there are others who have questions but i just wanted to ask that point. president chiu: i wanted to follow up with one more point. i think what i'm hearing from the appellants is their assumption the underlying agreement may have terms that may not eventually turn out to be enforceable which obviously is a difference of opinion from the project sponsor who believes the contract terms, and i believe -- and i believe the two contracting parties believe that the terms are enforceable. how do we evaluate that difference of perspectives of the agreement in the context of whether or not we approve an e.i.r.? >> i'm going to defer to the city attorney on this because you're asking a legal question, we're trying to answer in context of what project was presented, what the terms of the agreement were and if there were a legal question, it really shouldn't be to us. president chiu: if i could ask the city attorney's offi

i hope i can persuade him to support the underlying resolution. he suggested that by penalizing members of congress for failure to act, and curbing our salaries, that would somehow encourage a compromise that would spend more out of other people's pockets. i certainly share that fear if that's what this bill does, but it does not. what it says is, the very best deal we have been able to negotiate among ourselves here in the house was h.r. 1. the most conservative deal -- actually the most conservative and most liberal, the work product of all 435 of us, it's what came out of this house in h.r. 1. and it says, let's fund those levels that we have already agreed on, that has already been the work product of the people's house, the most responsive body in politics, let's incorporate that as our base line while we continue to discuss. it's not going to spend an additional nickel out of anyone's pockets, madam speaker. it is only going to say to the congress and the senate, if you do not work, you do not get paid. i cannot think of a constituent back h

i support this rule and the underlying legislation. madam speaker in my opinion, when regulators, especially those at the e.p.a., go to work, every day they go down the street to one of these marble palaces they get in a big room with a big oak table, they drink their lattes and they sit around and say, who can we regulate today? because that's what regulators do. regulators regulate. and they figure out new ways to regulate the entire united states all on the so-called premise of protecting us from ourselves. in my opinion, it has nothing to do about protection but it has to do about power. the e.p.a. has a power agenda and they have a political ayen da and they're trying to claim it is an agenda to protect all of us from ourselves. the e.p.a.'s regulation of grease house gases in my opinion lacks proven scientific basis and the e.p.a. is out of control. at this time, i'd like unanimous consent to introduce a letter or an article from "the wall street journal" dated january 4 that's entitled the e.p.a. is at war with texas. the speake

the proposal is to take this area that is now being discussed and his own thus, for the underlying lots. the commercial and media zoning, for the predominantly industrial uses, at a higher density than the current zoning will allow. we're also proposing to establish a special use district, to address particular circumstances that are not adequately addressed, without providing use district designations. the existing block and street pattern are configured for a wide skills development, and as you can see -- this would establish controls in ways that would break this up with a smaller blocs that are envisioned. and integrating the open space -- this provides the provisions that require each phase of development, to include the surrounding streets and the open spaces in juncture with the development of each space. this also anticipates the interchange, and i think that we have all been discussing this, probably in more detail when we talked about how we would reconfigure this, with different controls for this. this also allows portions of the site to transfer an allowed density to the oth

waxman: the underlying bill, excuse me, the advocates of the underlying bill have said that e.p.a.'s going to regulate a lot of other sources. what this kind-owens amendment does, it says that e.p.a. will not be allowed to regulate farms, small businesses and other small and medium sized sort sources of pollution. this makes sense. it deals with the problem that's been raised about e.p.a. as a commonsense solution. we ought to support it and make sure that the tailoring rule is all that would be applicable for e.p.a. to do. i yield back. the chair: the gentleman yields back the balance of his time. the gentleman from kentucky. >> well, i would say to you that e.p.a. adopted this tailoring act because they by the off more than they can chew conscious they bit off more than they can chew initially. that's why a lawsuit's been filed against them, because they violated the clear language of the clean air act that says, if anything emits more than 150 tons per year or 250 tons per year, it must be regulated. mr. whitfield: if they've had an endangerment finding as they did in this cafmen

but as i said, the underlying fundamentals are strong. australia has created something like 330,000 jobs in the past year alone. yes there will be an impact particularly in the march quarter but i expect to see it bouncing back very strongly. we've got this very strong investment pipeline, particularly in resources but, more broadly than that, and we've also got underlying strength in our financial system. so the australian economy is in pretty good nick. we took a hit, but we are going to bounce back. >>scott: now tourism, one of the pillars of queensland's economy, how much is the perception that queensland is under water particularly from overseas doing more damage than the actual floods did themselves? >>swan: there's no doubt about that....when i was at the g20 summit some weeks ago and the impression overseas was that the whole state was under water. the whole state was never under water and our great tourism industries were still operating even during the floods. certainly some areas were affected ona temporary basis...but they're

i don't know what the underlying current this. it is unfair to deny them a permit and to let moms pharmacy have a business for permits which are over $200,000. that is the problem with this board of appeal acting as a legislative planning sort of thing. >> i bring that to your attention. the other thing is that the appellate said that ms. morgan did call them on may 24th and asked about a permit. she was told that there was no permit. she asked for the wrong address. that is why she was not given the right information. she was not being misled. that is all i have. >> when the captain was up here, i asked him. i am not presuming that your clients permit was upheld. if it was upheld, as some earlier iteration of this same case, some brief contains some recommendations that had been made by the police department having to do with security issues. are you aware of that. >> i am aware of that having existed. i think that they were planning to adhere to the suggestions by the police officers. then, i would have to give a call to my clie

the underlying bill which mr.oodall is a co-sponsor says -- implies that the senate has passed a bill which already failed there, it assumes or deems the president has signed the bill, which he threatened to veto. april fool's america, there is no senate or office of presidency today under the republican majority bill. the republican spending bill badly damages our fragile economic recovery according to 300 economists of all political stripes and threatens to send us spiraling into another republican recession. and as we have heard early this week, the republican answer to 14 million americans who lost their jobs and can't find new ones is, stop talking about jobs. so at this time i'd like to yield to the gentleman, mr. woodall, for 15 seconds, to ask him just a simple question. mr. woodall: i thank the gentleman for yielding. i'd be happy to answer that question. mr. ellison: i would like to ask the gentleman, how many jobs does this bill create? mr. woodall: by eliminating the crushing federal deficit that we ha

. >> we continue to think that the underlying state of u.s. public finance is continuing to weaken. >> susie: the ratings agency warns washington to agree on a plan to cut the nation's debt or risk losing its top-tier credit rating. you're watching "nightly business report" for monday, april 18. this is "nightly business report" with susie gharib and tom hudson. "nightly business report" is made possible by: this program is made possible by contributions to your pbs station from viewers like you. captioning sponsored by wpbt >> susie: good evening everyone. a major sell-off on wall street today after standard & poor's ratings agency lowered the long- term outlook for u.s. debt to "negative" from "stable." and tom, that change was a wake- up call for americans who always boast about the u.s.'s high- quality, triple "a" status. >> tom: susie, s&p says there's a one-in-three chance that it could lower the long-term rating on the u.s. within two years. the news spooked investors. the dow fell 140 points, recovering from a loss of 248 points earlie

derivatives are financial instruments whose price is right from the valley of an underlying asset. fcc chairman mary schapiro and gary gensler chairman of the commodities futures trading commission discuss proposed rules on derivatives that their agencies were authorized to implement under last year's financial regulatory law known as dodd-frank. hearing was chaired by south dakota democratic senator tim johnson. >> i'd like to call this hearing to order. due to the length of this afternoon's hearing, we will limit opening statements today to myself and ranking member shelby, and we ask the other members of the committee to please submit their opening statements for the record. today, we will review the implementation of the new regulatory framework for the otc derivatives market required by the dodd-frank act. this is our committee's first oversight hearing on this issue since the passage of dodd-frank. while i know there are many other issues that senators may like to raise with her regulators before us today, we should focus our questions on the subject of this evening. the dodd

that's exactly what this underlying bill does. mr. speaker, our colleague said it's time feerm to read the bill. how interesting that when they were in control they didn't want anybody to read the bills and they said you wouldn't know what was going to be in the bill until after it was passed. i'm sorry, mr. speaker, there are words for that, i'm afraid i should not use those on the floor today for fear it might slow down our debate here. but i want to say i'm particularly concerned that our colleagues have brought up the issue of values. i'm pleased they brought the issue of values. our colleague from new jersey says what this is, it's about the value of medicare. mr. speaker, it show what is they value are government programs. what we value are life and freedom. there is a distinct difference, mr. speaker, in the values of the two parties in this country. one wants more government funding, one wants government control of our lives, the other wants freedom for the american people and life for unborn children. mr. speaker, they are mi

but underlying that is that all the corners were turned. of the dawns that were coming have not materialized. the economy is not better in the sense that people who are, a, not working, and b, whose wages are stagnant, and i think that is what underlies everything. >> and you know who else was talking back gas prices this week -- donald trump. is he running for president or t? we have an inside source. >> gasoline prices are going to go to $5 from $6 to $7, and we do not have anybody in washington because opec and says, fellows, it is time, it is over. you're not going to do it anymore. >> that is donald trump on abc's "good morning americas, with george stephanopoulos. yes, gasoline prices are going up, but i do not know if that would work with opec. he goes on to say having won the war, we should reimburse ourselves. a victim along the spoils. charles, you have been talking about the unserviceness of the trump candidacy. he got under your skin. >> yes, i was told a donald trump was on the line. so i put on a seat belt and held the phone i

as the increases in commodity prices moderate, inflation should decline to its underlying level. specifically, a participant projections of inflation havene a tendency of -- that is noticeably higher than january projections, before declining to 1.2% to 2.0% in 2012, both about the same as in january. the committee economic projections provide important context for understanding today's policy action as well as the committee's general policy strategy. monetary policy affect output and inflation with a lag, so current policy actions must be taken with an eye to the likely future course of the economy. the committee's projections of the economy, not just current conditions alone, must guide its policy decisions. the lag with which monetary policy affects the economy provide that the economy focus on meeting its objectives over the medium term, which can be as short as a year or to but could be longer depending on how far the economy is from the conditions of maximum employment and price stability. to foster maximum employment, the committee sets policy to achieve sufficient economi

people can look at the underlying documents. that has happened a couple times were people have caught the their decision information that may have -- people have caught decision information that may have been sent out. it has only happened a handful of times since july. that is a better process. >> there is no longer any delay as there was in the past or something would have been prepared for release by you and would have taken an additional amount of time to go up the chain before you got the affirmative approval by the political appointee? >> the new share point system has the documents but loaded the next day -- one day, and then it is moved on the next day. that is to make sure that we did not disclose all enforcement sensitive or other decision information inappropriately. >> mr. fong, what level of training or engagement do you have with those political appointees about their responsibility and their obligations under the freedom of information act who participate with you in the review of these documents? >> i just want t

i urge my colleague to vote in favor of this rule and the underlying bill. with that i reserve the balance of my time. the speaker pro tempore: the gentlewoman reserves the balance of her time. the gentleman from florida. mr. hastings: that's just about the most convoluted, backward argument i can imagine that i have heard in the 19 years that i'm now here in the united states congress. there is not one dime in the prevention and public health fund that can or will be used for an abortion. the law in this land, enunciated by a legend and icon among other things, henry hyde was, is that federal funds cannot be used for that purpose. and to carry us into that neverland that the previous speaker just spoke of is astoundingly wrong. with that, mr. speaker, i yield two minutes to the distinguished gentlewoman from texas, my good friend, ms. jackson lee. the speaker pro tempore: the gentlelady is recognized for two minutes. ms. jackson lee: i ask unanimous consent to revise and extend my remarks. the speaker pro tempore: without objection. ms. jackson lee: i thank

there are plenty of things to worry about but right now we would have to say the underlying picture a quite vigorous and satisfactory world recovery. >> rose: demand is back. >> demand is coming back. too much reliance on fiscal stimulus, fiscal support but demand is undoubtedly coming back. >> when you look at inflation is there a consensus about its danger? >> no, it's very far from a consensus about its danger. in fact, it's not a consensus about anything, almost. it's clear that in the u.s. the fed as a whole is pretty relaxed about the inflation danger, it doesn't see the policies it's pursued as creating real inflationary risks. it's not concerned about commodity prices, either. it considers that sort of an exogenous shot mainly driven by real things, demand from china. in europe, we know they're concerned about inflation, it's just raised rates so it's obvious. in the u.k. there is a big concern about inflation. we are exceeding our inflation target dramatically. so there may be tightening. i would stay u.s.is probably the part of the world which is the least concerned about in

it will be at a higher density than what is currently provided in the underlying zoning. number two, it will korea a mechanism that will korea a more typical street pattern. number three, it will assure that the streets will be accessible and approved, and then you need at the site, the zoning looks to deal with the rights of way, namely the new zoning would change the height to allow a range of heights including three residential towers. the kazakhstan site is currently zoned -- the existing site is currently zoned -- zop -- zoned c-2. the proposed would change this. it would allow this at a higher density. the new zoning also proposes to establish a special use district, an "sud," for those of a unique sight better not address but underlined. as such, the sud controls of the site must be broken up for development. with accessible streets and open spaces, the provisions require things to be done as they are developed. they also anticipate the widening of the highway 101 interchange by allowing portions of the site that would be effective buddies and visited in improvemen

the next point i want to make is just that the underlying cause of the budget crisis that we are all talking about here tonight is really a revenue problem and not a spending problem. the top 1% of the wealth holders are the richest people. they control 34% of the wealth in this country. [applause] the state income tax rates are lower, and the federaco

pandora is a technology company on the cutting edge in terms of utilizing the lead, but the underlying technology has helped handbill divide humans. we have to focus a lot of our efforts and energy on the modernization part of pandora, which is advertising. -- the modernization part of pandora. we have a website that draws users i am and causes them to click through and do all those things advertisers want. we also have invested heavily in our advertiser sales team. we have a lot of people who support the sales team to help put that forward. you can feel in oakland a real connection to the community. very diverse, very human, very interactive friendly place with a rich musical history. a good portion of our employees live in and around oakland. a lot of people get here by public transportation and walk and bike and so on. it is kind of a logical place for us to be, and i think we will be your for many years to come. >> it is my pleasure and honor to introduce you to our new energy efficient and trail blazing mayor of oakland, jean kwon. [applause] >> good morning. the reason i wanted t

that had a dramatic impact underlying health care costs. i think we can do more than bend the trend. we need to work together across the whole system. that is the biggest issue we have. how do we scheldt to a level where we could have the kind of impact -- how we scale to beckon a level where we can have that kind of impact? >> there is an important to prevention. we really need to have coverage. it is not enough to have insurance today. one need continuity so one can support prevention over the longer haul. while we talk about one in six americans being uninsured, the sorts of preventive services and disease management that would need to occur would need to be given across the continuing. wynn: cancer was detected in 1996 veterans, -- when colon cancer was detected in 1996 veterans, it was less an expensive and more efficient to treat veterans with polyps that had not advanced further. >> i think it is possible to get the cost of the rate of increase of care down to be cpi over a number of years if we do a good job identifying the patients

difficult that is precisely why we need to try to help in different ways including helping the underlying structure of pakistan societies a lot of money in education and trying to make the underpinning of pakistan such that both education and economic activity are available to more people. we need more absolute fundamentals for getting us stable society in that part of the world and it is an important part of it. i don't think we see any contradictions. that kind of long term, that kind of long-term support and working together against -- >> we have time for one more question. i want to remind everybody that this session is on the record. in the back of the room the first two questions came from the front and the young lady all the way at an end, last wrote >> kimberly hamburg with the department of state. what is the u.k. government's approach to engaging with moderate voices or maybe not so moderate forces but nevertheless leaders who espouse a non-violent approach to maybe viewed as part of policy ideology? >> it is the question about the attitude of nonviolence. right? i think -- clea

studying appellate grounds to challenge the guilty verdict on the obstruction counts given that the underlying a basic statement was the actually made in the original indictment. >> it is a verdict that makes some sense. there are jurors that could not agree on perjury. this requires less intense and only an attempt to obstruct justice. it requires simply an attempt to mislead the grand jury. >> reporter: bonds, his defense attorneys, and federal prosecutors will be back in court to possibly set a date for sentencing which legal experts tell us could be as far as four months away. david stevenson, ktvu channel 2 news. >>> the jury said that bonds was evasive in answering the question whether greg anderson ever gave him any substance that required a syringe. that is what led them to convict him of obstruction of justice. >> he was very evasive. we saw that throughout his grand jury transcripts. this particular statement was over the evasive, never answering the question directly. >> they think based on the evidence they could not find beyond a reasonable doubt that bonds lied about using steroi

the next point i want to make is just that the underlying cause of the budget crisis that we are all talking about here tonight is really a revenue problem and not a spending problem. the top 1% of the wealth holders are the richest people. they control 34% of the wealth in this country. [applause] the state income tax rates are lower, and the federal income tax rates are lower today than they were before. in 1993, the highest tax bracket in california was 11%. currently, it is 9.3%. the wealthiest 1% of taxpayers averaged $1.6 million per year in income, restoring their tax operating in california back to 11% would bring in $5 billion to the state in revenue that would go to the state and local governments to protect services. [applause] and tax rates for corporations are lower today than they used to be. in 1980, california corporations contributed nearly 50% of the state budget, whereas today, they only contribute 11%. closing the corporate tax loopholes that have been and will mature in the state, just in california since 1991, would actually bring in $16 billion per year again i

in the long run the underlying bill only serves to hurt the nation's seniors. it is unfortunate that some are choosing to make this short-sighted decision when the health of our seniors is at stake. mr. speaker, the american people , we should keep in mind, sent us here not to fight with each other over critical issues such as the one before us today, but to fight together for them. i urge all members to join me to make sure that seniors have access to preventive health care to remain active in their communities. we owe the seniors in our districts at least that much. the passage of this amendment will not prevent passage of the underlying bill. if the amendment is adopted it will be incorporated into the bill and the bill will be immediately voted upon. i believe, mr. speaker, that now is the time to show the american people that we as a body can indeed work effectively for them, and i urge all of my colleagues to vote for this commonsense final amendment. thank you and i yield back the balance of my time. the speaker pro tempore: the gentleman yields back. do

i urge my colleagues to support the rule and the underlying resolutions. with that i reserve the balance of my time. the speaker pro tempore: for what purpose does the gentleman from colorado rise? mr. polis: i yield myself such time as i may consume. the speaker pro tempore: without objection. mr. polis: madam speaker, i thank the gentleman from california for yieldg me the customary 30 minutes. for all the talk of republicans' commitment to cutting spending, there were several odd things about this bill before us that would leave one to believe that it's more of a partisan political exercise, a serious attempt to get the nation's fiscal house in order which deserve as americans. under this bill, critical services that many americans rely on to ecate our children, keep our streets safe, improve public health, keep our water and air clean, would face tens of billions of dollars worth of real and difficult cuts. times are tough. we know we have to cut spending. ok. so why does this bill then provide the pentagon with an additional $5 billion above the previ

the main underlying reason for suca lae increases the need to restore market nfidence. it is a prerequise fo markets returning -- for banks returning to nmal vels. the extra4 biion eur is thquivalentf 21 billion pounds. it brings 27 billion far neededo bailout buyers banks. ireld's economy isuffering d some are many of itseopl -nd so areany its peop. folkare battling to keep up with ymen. hi wages as a hoteport have en cut he is struggng t support his five children. >> can people survive at th stage? can they pay their morages can theyay t electricity bill g bills -- is a tough situion aeared >> economic recovery will be - situation. >> economic recory will be painfully slow. the sult from today's ress test sho th it will n chan anyime soon. the tra money for the bks will come om the intertion bailou fund negotted last year. ireland has a new vernment and chance for newtart. t theount's financial problems run deeper than ma people thoug. >> you areatching bbc world news america appeared sti to come otonit's proam, getting ady for blastof we have rare aess to virn galaic

motion and it on the goners two votes, currently they cannot take any action and therefore the underlying department all action as that held as a permit of law. to affirm, you would need three votes. >> process is a good thing. i would move to uphold the permit but with the special restrictions. those are the recommendations made by the police force that are in the papers of the permit holder. >> you would need to be more specific. >> let me make the general vote. i make a motion to uphold a permit. >> that motion would be to deny the appeal and a pulled a permit. on that motion, -- >> no, >> aye. >> no. >> no. >> the motion fails. >> the permit is upheld by application of law unless there is a subsequent motion. >> i would like to make a subsequent motion. dihaving read what the recommendations were earlier, this was contained in briefs that we received that we incorporate those recommendations by the police department has a notice of special restriction. >> i am inclined to support conditions but i am having trouble remembering >> i can tell you what it had to do with. it had to do with

would you agree that given how new this is, there are some additional uncertainties underlying all analysis by all sides? >> i totally agree. i totally agree with you. >> thank you. >> thank you. first of all, i would like to thank all members of the public for your interest and passion about this issue. this has been a difficult question for many of us given that we would like to have our parks be free. that is what we strive towards. given a huge budget -- budget deficit, i understand. i understand the desire for my constituents about having full services from recreation and parks and other facilities. i have documents from the appellant about how this fee has drastically lowered attendance. this suggests that the non resident visits are down 70% from initial estimates. i did not see anything in the budget analyst presentation or in the rec and park's presentation about historic presence. >> that speaks to the point about the need for more time and more data. this is the first time that we're actually tracking attendance in the garden. i want to note that the numbers are actually strong.