we have a dual headquarters strategy and it is part of our entry to the united rates. we plan to bring our full ecosystem of markets into china and the u.s.. we are building a very large team here. it is a private entity and we intend to list our business in the u.s. market. >> powered by more than 2600 and analyst and more than 120 countries, this is bloomberg. and to britain voted to leave the european union, a little bit this morning now as market scale back expectations for more stimulus from the bank of japan this week. it seems like whatever you call it, we're not sure what he's going to do. >> this is really interesting because it seems ahead of the meeting later on this week, there is very little room to maneuver. we know they are capable of that. you can take a look. it's pretty extraordinary. the expectations did the highest since-- serves the most 1995. traders are on the edge of their seats, if you will. and there is a sense that if he does move forward, it is largely expected by economists. what you see is that jump of over 1%. that and it came after the f

failure in coming to a conclusion on executive action, it is my belief in the interest of the united ratesespecially our economic interests, to pursue comprehensive immigration reform. president also stressed the importance of the u.s. relationship with mexico. donald trump said he would not accept ted cruz's endorsements, even if the texas senator offers it. he says cruz should have endorsed him the other night, and he may set up a super grip -- a super pac to shoot down cruz if he runs again in the future. 45 more athletes, including 23 medalists from the who thousand eight beijing games, have been caught for doping after retesting samples from the last two olympics, that is according to the international olympic committee, the ioc. that brings to 98, the total number of athletes who failed from in the reanalysis stored samples in beijing. no names were given. global news 24 hours a day, powered by more than 2600 journalists and analysts in more than 120 countries. i am mark crumpton. this is bloomberg. david, back to you. david: thank you, mark. , the ten-year-year note is on pace to en

the inclusive program requires that 10 or ottawa more units to certain blow income levels or contribute to the fund that supports the blow market rate unit almost 25 thousand have been supported by city funds and more than 6 nous thousand of the unit were built between 2000 and 2012 what you can't afford a million will home you're not alone in response san francisco mayor ed lee has set a goal of creating thirty thousand now e-mails homes by the year 2020 most will be in outreach of the san franciscan with federal and state funds drying up the san francisco ethics commission is, taking an iv i of actually roll is providing housing across all levels we're working diligently for everyone to live here and mr. chair protect the housing semiand strengthen goals against evictions we're commented for housing needs for all san franciscans to learn more visit highway

none of the affordable units will be at affordable prices there all be market-rate housing no one is ying we don't need the inclusionary zoning those units will be so small they'll go for $3.09 and square feet unit they're all masters and your analogy of a president 3 ounce of potato chips being a buck 25 is the case they would make a lot of money if you guys want to look at it for closely fine i say that is as a policy should be consistent with what your staff proposed citywide which was if we increase the section 4 one 5 inclusionary we don't reduce the total 0 amount we add that and still have the additional bonus that we're ging for the density on top of why not the same policy applied to this part of world you've increased real density >> thank you, thank you. >> commissioner antonini. >> yeah. being clear on the question before us talks about the feasibility studies and everything have more impact on projects that will come forward in the future projects that are grandfathered according to what was proposed by commissioner hillis will be at the grandfathered percentage and could

should be done by february of next year once the relinquishment units the housing authority will transfer to the office of development as market-ratend inclusionary housing in october 2014 commissioners approved the m.d. a for the land transfers and the configuration and here's a description of the types of units and incomes for all component of new development 5 hundred and 4 affordable units including the housing authority units will primarily be for families below 50 percent of ami and today that means a family of four aribnb $44,000 a year he know that most of public housing are currently having incomes 22 thousands for a family of for the calling for a conclusion will serve families between one and 20 and one 50 percent of ami between one and 29 and one and $79,000 a year consistent with the principles to minimize displacement residents are remaining onsite and the construction units will be phased before the existing hours is demolished it is planned so residents will only have to move once a.k.a. tenants in good stand have the opportunity to come up the units the - pays all relocation costs the services program at alice grif

the inclusive program requires that 10 or ottawa more units to certain blow income levels or contribute to the fund that supports the blow market rate unit almost 25 thousand have been supported by city funds and more than 6 nous thousand of the unit were built between 2000 and 2012 what you can't afford a million will home you're not alone in response san francisco mayor ed lee has set a goal of creating thirty thousand now e-mails homes by the year 2020 most will be in outreach of the san franciscan with federal and state funds drying up the san francisco ethics commission is, taking an iv i of actually roll is providing housing across all levels we're working diligently for everyone to live here and mr. chair protect the housing semiand strengthen goals against evictions we're commented for housing needs for all san franciscans to learn more visit highway >> >>[gavel] >> good afternoon everybody welcome to our budget and finance committee for friday, june 24, 2016. my name is mark farrell i'm chairing this brief committee joined by supervisor katie tang and norman yee and scott weiner i want to thank our clerk of the committee th

acre a cavity in a good tooth it used to be 83 below-market-rate housing now, one and one it went to 101 even at that good ratio of 101 unitsically stated in place for a long time it is not enough to create neighborhoods that is the three hundred market-rate housing apartments go up 10 percent every year takes away everyone's you don't get to know your neighborhoods it is - we don't want to spread that formula around to buy into the density formula. >> thank you, thank you. >> we don't want them dense but if we do do a tall building in the western edition and is work forces we should take the highest one we want to build being the first one. >> thank you. >> and then dropping it down below that. >> thank you if you have your comments in writing you can share them with the secretary i'd like to have a copy. >> thank you. >> thank you. >> and it seems like a nice project. >> but i think we need to change the direction and focus thank you for your time. >> thank you. >> please call the next item. >> the the next order of business is report of chair. >> i don't have a report. >> the the next order of business is item 8 report o

i understand you were willing to set aside some units for teachers specifically could somewhere like 50% of the bmr rate or maybe more than that number more units. let me know what your plan is >> the ideas with entering intuitive element agreement with the city that two units and, you know, it could be pushed i suppose higher if the client could do the numbers. it would be rented at 100% bmr ami that is for bmr which is $2000 a month instead of the market rates of 32, 33, 34 depending on the site. they would be one-bedroom units and of course subject to the old tenants coming back which they allowed to come back because the clients haven't waited 10 years having first rights, the client would like to offer for instance, to those in the public sector who can afford what should be in the city but perhaps the teachers would be the most prominent could they would do that by privately agreement with such a group of course subject to the old tenants wanting to come back. that's basically how it would work. development agreements can be done because the cities giving a concession here. if a property owner get

the firm is cutting united rating to neutral. netflix is having a winning streak. it has been down graded to under perform. it was slashed from $80 to $120. the trajectory for netflix may turn out to be flatter. >>> tesla ceo elon musk reacting to news he did not report a accident involving the autopilot because he did not feel it was material to shareholders. this prompted a heated twitter exchange. murray tweeted seems pretty material to me with a link to a fortune article. musk responded it was material to you it wasn't material to tesla as shown by the market. >> is elon musk over stepping his bounds here as a corporate representative of tesla? we have our panel to weigh in. phil, you actually have news on tesla right now. what do you have? >> this is an update, this is a statement from the national highway traffic safety administration. it's collecting information from the pennsylvania state police as well as tesla and the driver of a model x who was involved in a crash on the pennsylvania turnpike last friday. his model x was going down the turnpike, it hit o

rate continues to fall. the number of babies born in the united states is about flat.he baby boomers, will themillennials -- that is number of babies being born, but the line below that is genuine to decline. fewer women having fewer babies, and that means as a protected -- percentage of the economy, the number of workers available is going to be smaller. you fill that gap with immigration, politicians who want to limit immigration are this point playing with fire. francine: i'm playing with some of the bloomberg visual data, and it is showing us -- you can rate, soow fertility that an anything we have in europe. doesn't mean that you can make up for it with immigrants? thehat is what helped united states in the past, and what is hurting japan as they have a cultural bias against immigration. there is a threat to the u.s. right now. the u.k. has had a lot of immigration over the past two years and does help raise the labor force, raises productivity and potential growth rate. now you're talking about limiting that in the u k as well. tom: is this a live or dead meeting

and the reason that the developer has agreed to a $225,000 contribution for the below market rate 156 units is because we want to make sure as condo dues rise, people like this gentleman will be able to continue to pay those condo dues. that is the fundamental reason for the $225,000 fund. but it is not uncommon, as mr. hart said, in residential condominium development to have construction defect and a little bit of litigation after these projects are built. so i wanted to make sure that no. 1 insofar as there are going to be under the covenance, conditions and restrictions that the developer has agreed to, three different homeowner associations. a bmr homeowner association, market-rate and master hoa that would require a super majority vote in order to raise annual condominium dues or special assessments, above certain percentages 10 and 5%. i wanted to make sure that we actually were thoughtful about litigation, if it should occur? so i wanted to make sure that the bmr condo association was not disadvantaged in that unlikely, but possible, event. so to that end, one, in the second paragra

and the reason that the developer has agreed to a $225,000 contribution for the below market rate 156 units is because we want to make sure as condo dues rise, people like this gentleman will be able to continue to pay those condo dues. that is the fundamental reason for the $225,000 fund. but it is not uncommon, as mr. hart said, in residential condominium development to have construction defect and a little bit of litigation after these projects are built. so i wanted to make sure that no. 1 insofar as there are going to be under the covenance, conditions and restrictions that the developer has agreed to, three different homeowner associations. a bmr homeowner association, market-rate and master hoa that would require a super majority vote in order to raise annual condominium dues or special assessments, above certain percentages 10 and 5%. i wanted to make sure that we actually were thoughtful about litigation, if it should occur? so i wanted to make sure that the bmr condo association was not disadvantaged in that unlikely, but possible, event. so to that end, one, in the second paragra

at 40 4%ck possibility, probability of a rate hike in the united states. that is up from 9% at the end of june. goners on the dollar have net bullish for the first time in three weeks, hence the reason you are seeing a bit of a change in the gold price. anna: let's get the first word news with ross lynching. investors in turkey are stealing themselves for tumultuous trading as local markets open this morning following friday's failed coup. more than 200 people were killed as soldiers loyal to the government regained control. around 6000 people including military personnel, judges, and prosecutors have been detained while purges and arrest are expected as president erdogan seeks to concentrate power. the turkish lira has regained ground after seeing its biggest 2008.ince john kerry says the u.s. is awaiting a formal extradition request for a pennsylvania-based cleric suspected by turkey of coup.ing the military the secretary of state called for evidence that would stand up in court and dismiss any accusation of u.s. involvement in the uprising. softbank is

on the one hand, negative interest rates in the united states -- real negative rates likely going to turn into more negative territory. at the same time you have an increase in cost. given most of the cost are em nominated. at the same time you're going have relatively trong markets out of india and china. all will stay in the range of 1275 to 1425 over the forthcing months. >> it's great to here your ideas and see your opportunities. we are pulling out the eu, what do you think would mitigate the actual brexit? what could make it kind of less painful? is it going to be coming from the central banks? is it coming from the policy decisions? like what can actually withstand it? >> so clearly central bank's plan crucial role here. this is, again, something we've seen also and which also is quite comforting that the main channel by which this could turn into something more systemic. the markets liquidity have played nicely. >> mix mill yan, thank you very much and have a good day. ult tra high net worth strategist at wealth management. >>> theresa may has gone ahead in the leadership rac

micro units with no cap for student housing or affordable housing and we have not yet hit the cap for market rate micro units, but i know there is studen housing separate from that and affordable housing which are the two most common scenarios. in terms of the market there is always going to be a space for mike cro units but don't see it becoming a dominant type of housing units. i think it is just one piece of the overall pie. >> i would agree with that from what we have seen so far in the pipeline. the second recommendation was- >> just one other thought which is in the case that supervisor wiener is speaking to, perhaps there can be a hardship provision where the zoning adminivator can vary in certain circumstances. just a thought. >> the second recommendation is to clarify that existing built [inaudible] include spaces that can be filled in without notification as listed in the zoning adsminstration bulletin number 4. the proposed ordinance maintains the current restrictions on space use for adu's where they are within the existing built envelope. the commission recommended allowing adu to be

we are starting to see a pick up, a rate hike from the united states. is a bet that will see ates climb up to 4.5% by 2016. they are coming -- climbing up to 45% for a rate hikely december. we're gathering pace after almost where we were preblecks sit levels. we are starting to see more assumptions that potentially the world, the economy, in the united states is strong enough to withstand yet another rate hike and endeed perhaps not send shock waves throughout the rest of the world. we've been hearing from the g-20 concerns from the anti-globalization viewpoint coming from the overall market. one last chart for you before you go, it's got to be about commodities, about oil. what money we've seen coming out of w.t.i. in particular, united states, we're seeing oil in the blue as you'll see the chart. w.t.i. inching further lower, below the dollar mark. this as we see the baker hughes chart in white, the pickup in count, now at 371. that supply -- not going to get any better. with that, i hand things back to you, a somber time in germany but doesn't seem t

are very low for the ppo for united health however, there is nothing to stop them from jacking up the rates and the only alternative is kaiser permanente now suppose that kaiser permanente and united health jack i am the prices like the other ribbon barons in 1998 the rates went up for the city health plan sky-high and people fled as a result of that if the rates go sky-high where will people go maybe san francisco general hospital i don't know. but this is really a disaster in my opinion that was rushed through i think the message was pleased you have to approve this and make the wrong decision quickly this is the wrongs way to do business and i think we should protest is this should be perpetual this is on outrage thank you >> okay. thank you very much anyone wish to comment. >> okay seeing none, public comment is closed. colleagues if any questions or comments. >> otherwise let's entertain a motion. >> through the chair i mean i appreciated ms. defendant's deposition explanation not only in committee but the information i'm comfortable with moving forward i have to hear from the members

rates have got to turn negative. question is how far can they? there is an arbitrage that one can get. in the unitedrest rates that a very negative, what we would do is all get into currencies and reach a 0% interest rate. currency andinto stack it all up, i would say, in a vault somewhere. the problem with that arbitrage is there is a liver said -- there is a limited amount you can hold. at some point, something is going to give. the initial sign will be a big pickup in the holding, for example, in u.s. currency both here and abroad. and if u.s. currency is held outside of the united states. the only thing you can hedge against is the currency. that has a physical limit to it. there is a downside limit to how far people are willing to pay to say, for example, get into swiss securities. that is when the markets begin to react quite differently. david: allen, let's stay on currency. we have seen a lot of volatility in foreign exchange rates. what is the cause of that in your estimation? how big a problem is it for the global economy? alan: i think the cause of it is a very significant amount of uncer

and the reason that the developer has agreed to a $225,000 contribution for the below market rate 156 units is because we want to make sure as condo dues rise, people like this gentleman will be able to continue to pay those condo dues. that is the fundamental reason for the $225,000 fund. but it is not uncommon, as mr. hart said, in residential condominium development to have construction defect and a little bit of litigation after these projects are built. so i wanted to make sure that no. 1 insofar as there are going to be under the covenance, conditions and restrictions that the developer has agreed to, three different homeowner associations. a bmr homeowner association, market-rate and master hoa that would require a super majority vote in order to raise annual condominium dues or special assessments, above certain percentages 10 and 5%. i wanted to make sure that we actually were thoughtful about litigation, if it should occur? so i wanted to make sure that the bmr condo association was not disadvantaged in that unlikely, but possible, event. so to that end, one, in the second paragra

lot haven't knowledge with the major factor in these very high levels in the united states because at the very time the crime rate is dropping it is the number of prosecutors working for u.s. government a you just start seeing this incredible surge asking for much longer sentences at a bigger level that would have a for in this is a crucial factor not necessarily issues of race of what people think of as the conventional wisdom. >> what type of books do you published? >> only serious nonfiction so 90 percent academics or a handful of journalists for statesmen of politicians petite intellectual high end books. >> are you independent or part of a larger corporation? >> was until a few months ago an independent publishing company and has remained that way but just very recently about one month ago was bought by the fourth largest publisher in the united states to. >> how does that affect what you do? >> a think have to learn new computer systems but i think it is a good fit they are publishing a lot of fiction so i think it is a good counterbalance that they take the whole group to pick up and move it over so i stil

with the interest rates or or no interest rates, the united states is a great place to put anybody's money. i think that there are certain aspects that you have to be careful of. when is it going to slow down? when is it going to reload and take a breath? i'm not sure. 19,000 was a number probably a year or so ago that people would have said not a chance. now it's very much in the sights of where this market wants to go. >> are you buying stocks these days? i know you like biotechs. >> i do like biotechs, it juno is one i like. i think they have some -- i also like the oils. i think we'll have $65 oil probably within a year again. >> joe, it's always fun to talk with you. i will look forward to seeing you. be well out there, and come back soon. >> thank you. appreciate it. bye-bye. >>> the big event that's on nbc by the way, tonight 6:00 p.m. and on saturday. >>> that does it for us, power starts now. it is 1:00 in clears, also here in the east. you're going to look live at the floor of the republican national convention. in less than nine hours, you will hear from donald trump. that

manus: i want to take you to this. 30 year mortgage rate in the united states of america. ould drop to 3.41%, then going back. straight over to that side of the green we november 2012. what caught my eye is this. there were no rate hikes in the united states. applications to refund your mortgage are up by 20% since the start of july. upper 20% in a week. that is for a consumer that is ready to rock in the u.s.. geoffrey: we said that it didn't happen. manus: you don't want to be that excited? geoffrey: it went up in the u.s.. consumers want to see a bit more. is ahe german consumer, it bit like the u.s. consumer. the german consumer, if you can find a german consumer, they're behaving like that. american households are starting to behave like german households as well. money, that ishe great. i go back to the oil story, it didn't happen with that. manus: i think you probably find it begins with a rather large capital c. it is called confidence. we have more to get through. after the break, we will talk about the warsaw world leaders visit. ♪ ?c+sv manus: it is 6:30 human lo

micro units with no cap for student housing or affordable housing and we have not yet hit the cap for market rate micro units, but i know there is studen housing separate from that and affordable housing which are the two most common scenarios. in terms of the market there is always going to be a space for mike cro units but don't see it becoming a dominant type of housing units. i think it is just one piece of the overall pie. >> i would agree with that from what we have seen so far in the pipeline. the second recommendation was- >> just one other thought which is in the case that supervisor wiener is speaking to, perhaps there can be a hardship provision where the zoning adminivator can vary in certain circumstances. just a thought. >> the second recommendation is to clarify that existing built [inaudible] include spaces that can be filled in without notification as listed in the zoning adsminstration bulletin number 4. the proposed ordinance maintains the current restrictions on space use for adu's where they are within the existing built envelope. the commission recommended allowing adu to be

up the politics, domestically in the united kingdom, rating companies moved to downgrade outlooks andf united kingdom, the center of that debate was over a constitutional crisis that could emerge in the future, where all -- where are we with the scotland debate, the relationships? edinburgh may went to and we are in a phony war situation. scotland has walked back from which they seem to be pulling their cars from the table. from the table. after a meeting last week, there is more of a willingness to look at the options in front of scotland. scotland playing political tactics or whether there prime minister is reconsidering her position remains to be seen, probably more of the later. she needs to be careful to not demand too much of a price now but the pressure is on her and that will be consistent to think hard about going for a second independent referendum if brexit happens. jon: thank you very much. it matters. david: i think it is fascinating. , lower yields mean the ecb will have to adjust the parameters of its 1.7 trillion euro qe program, a preview next. this is bloomberg. ♪ ♪

on treasure island and those that will move there in the future. 25% at least of those units will be below market rate and this is a program any household eligible for the units can take average of it. it would be a cavtearia plan and a household of benefits and wanted to benefit them regardless of the primary mode of transportation is and why we have array of options there. the first feature in the program is a toll credit program for frequent transit users and this is modeled after a program that exists today in l.a. and atlanta on their toll lanes where they have this exact type of program and frequent transit users get toll credit for that. in the case of l.a. it's ten trips is a toll and that helps support folks who are able to take transit for the commute but there's a drive trip you need to make over the weekend and whatever it is and not transit accessible and this covers the funding for that. there are other benefits we heard interest in be a car or bike share member. there are membership fees associated with that. and that's something that this program could help subsidize. we heard interest

statement from the white house, the president re it rate united states is unwavering support for theemocratically elected civilian government of turkey. us was led by a more secular group that has been add odds with islamic policies. toted country's prime minister called the fail cowpea blackil c stain on democracy. turkey is a vital partner in the fight against isis in iraq and syria.sy secretary of state gone kerryery said the us stands for democratically i elected leader. us officials did not see this coming. >> if you are planning a coup you don't exactly ties it toi i your partners in neigh ocean ith surprised everybody including e people iven turkey.urke it does not appear to be a brilliantly planned or executed event. but, let's reserve all judgment until all the fat are in. >> reporter: today he spoke with counterpart to express support and offer assistance with turkey's out. april washington, i'm garrett tenney, fox news. >> we're going to take to youak france where we are learning new information about that man driving the truck that killed so system people a few days ago.

everybody wants to come live here in the unitas rates -- united states. was find it amazing that people who are in the united states complain about living here, and everybody else's dying to come into this country. there seems to be a huge disconnect. look, we have to end up being part of this world, and us pulling out, which is what donald trump wants us to do, just isn't going to work. i think we need to do a better job, and hopefully that's going to end up happening. charlie: why did you want to come to the country? how did you come? was it your father? marc: my mother, actually. my mother was a schoolteacher, and my mother thought we had to leave morocco, if we wanted to get a good education, if we wanted to succeed. you go to america. it took years. i became a naturalized citizen when i was 13. every foreigner is dying to come here. if you won the lottery and were born in the united states, it's great, but if you are not, you try to come here. think about it. somebody who came to this country ends up working and becoming friends with somebody who was

existing units we are producing more affordable housing but we're also losing rent-controlled units at the rate of every 7 affordable unit we're producing losing 5 rent-controlled units that is significant and something we need to continue to attract and develop policies around and so i ask for your support and clarifying including this as part of housing balance report and something that is recorded in all the reports so far and want to make it clear in the original legislation and then i wanted to speak also to the reports and the reporting deadlines currently dollar reporting deadlines are i believe april 1st and september 1st and in this staff report is makes clear the desire to sync up the reports with other reports that planning is rirtdz to do like the housing inventory and the pipeline reports i think that makes a lot of sense and so we would be okay with moving the data to april 1st and no, i'm sorry is it april 1st? and october 1st. >> so these are dates that are originally february 1st and august 1st you've been moving the dates i think this is important we maintain the suggestion to

because brexit has pushed down interest rates in the united states. and when we see interest rates this low, usually they'd be flashing a sign of recession, impending recession in the united states. but in fact it's not about internal weakness. it's about external weakness. and the fact that you have negative interest rates abroad, you have expectations of further easing are pushing capital to the united states. they're keeping interest rates low and they're pushing up valuations. and that is supported by the fact that you do actually have growth and you do have good earnings. >> nine in a row isn't exactly dimaggio's 56-game winning streak. but it feels pretty good. >> it feels pretty good. >> is trump in any sense responsible for it? >> i don't believe so, no. i think actually we've seen a shift in the marketplace. and i think up until this point you've had a utilities and kind of telecom sector that's been leading the market. and i think you're now starting to see a pivotal shift back into consumer discretionary names and names that really hadn't pa

to buy a house, not such good news in the united states if you were hoping to get a little bit more money on your savings account. >> no, because interest ratesn the united states have been kept nearly zero for eight years, and the fed came in and thought it could ratchet up the rates. the fed right now is in a holding pattern again. and the worry is are we going to have unintended consequences in stoking the asset bubble. the global economy is cooling down enough without having to hike rates so aggressively so quickly. >> so in terms of the short-term picture, what are you watching for next, in terms of what might happen in the eru or the uk specifically. >> you're seeing what's happening -- we want to leave, what happens if italy, one of the most indebted countries on the continent suddenly wants to leave, if you have this whole wildfire of successionist -- can the uk extricate itself in a half clean manner or is everybody going to run to succession, i think that's the big tail risk that even everybody on wall street is thinking right now. >> thank you for whatever day we want to call it here. >> happy fourth. >>> there is more news ahead o

. >> the rate of illegal immigration in the united states today is lower by two thursdays than it was when ronald reagan was president. we have far fewer undocumented workers crossing the border today than we did in the '80s or the '90s or when george bush was president. that's a fact. it's probably because criminal records have been released from prison but the president said immigration is much less a problem than it was just 20 or 30 years ago. he says the rate of illegal immigration into the united states today is lower by two thirds than it was when it was when ronald reagan was president. he said it's fact there are far fewer crossing the border today than there were in the '80s or '90s. really, mr. president? with all due recollect how do you know? you've got border control agents changing kids' diapers during a mass influx from central american, agents whose hands are tied which might explain why the national border patrol council endorsed donald trump and not your protege. and by the way, how does one measure the number of illegals who cross the board, the ones who aren't cau

put on another -- age, and all separated separated, all japanese unit that was put on dangerous missions and have the highest casualty rate of any unit, but they also fought with amazing heroism andliteral they did come back as heroes and the most decorated unit of the entire second world war and that timed lasts until present in american military history. they are heroes, and they fought with amazing, unbelievable courage and patriotism. , thoseder the resistors you described as standing on principles and resisting the draft within the prison camp, and their position was a very american position, they pay a high price as well. they did hard time in federal pension -- that centuries for standing for american principles, and i consider them just as heroic. we worked in a love story where the sister of the young man who rose to fight for this country falls in love with a resistor, and she works with the resistor, marries him and they built a family, but when the young man comes home, that's with the is a symbolicat split of the family to symbolize the fracture in the japanese-american community, which we discovered still ex

on treasure island and those that will move there in the future. 25% at least of those units will be below market rate and this is a program any household eligible for the units can take average of it. it would be a cavtearia plan and a household of benefits and wanted to benefit them regardless of the primary mode of transportation is and why we have array of options there. the first feature in the program is a toll credit program for frequent transit users and this is modeled after a program that exists today in l.a. and atlanta on their toll lanes where they have this exact type of program and frequent transit users get toll credit for that. in the case of l.a. it's ten trips is a toll and that helps support folks who are able to take transit for the commute but there's a drive trip you need to make over the weekend and whatever it is and not transit accessible and this covers the funding for that. there are other benefits we heard interest in be a car or bike share member. there are membership fees associated with that. and that's something that this program could help subsidize. we heard interest

. >> both of our plans have the second and third highest star ratings in the united states because we'venvested in the quality of network we've put together for them, the quality of service and seniors like our products. we think we can do more of that, so we're willing to take this all the way to the very end. >> reporter: but it won't be easy. it has been 12 years since the doj has lost an antitrust case in court. still, anthem and cigna also say they will fight, calling the doj's decision to block their merger misguided. they also argue together they can push for lower prices from increasingly large hospitals and physician groups, but regulators worry consumers won't see the savings. >> mergers may indeed increase the profits of etna and anthem, but they would do so at the expense of consumers, employers and health professionals across the country. >> reporter: both etna and anthem say they will continue to pursue settlement with the doj, officials here say right now the only way they see these cases being settled is in court. for "nightly business report," >> to cleveland now where r

seven to 72 counties into privacy the hoosier state has the second lowest unemployment rate for veterans in the unitedmerica. [applause] when i entered this call, when donald trump called i answered this call for a few very simple reasons. number one, i answered it because in these challenging times i believe we need renewed and strong american leadership at home and abroad. and donald trump will bring that leadership for this nation. [applause] our military is too small, and he will rebuild it. [applause] our va is broken, and this builder will fix it. [applause] and it is extraordinary to think that yesterday in philadelphia, 61 speakers came to the podium, and not one of them named isis by name. this man will name our enemy is without apology, and he will defeat them. [applause] thank you to the vfw. i say thank you. i say thank you to my new boss, a man who's given me the privilege to run and serve as vice president of the united states of america. and i pledge to you, each of you, that if we had the privilege to serve, i know this man's heart. i hear the way he speaks when the cameras are off abo

united states. they analyzed death rate data of the eight eight years. it is just behind heard disease and cancer as the leading causes of death. >> people falling through the cracks, joer dosing, complication that's are preventable. these are the collective cause that's comprise the problem of people dieing when they should not. people dieing under our care. >> most of the mistakes are not due to inherently bad doctors. we're human, how can we design the system in the hospital to capture mistakes and provide safety nets. >> earlier in the morning, dozens of new medical interns are attending a safety seminar giving by med-star health. >> it is our job to give you the tools to train you so you can provide the safest and highest quality care possible. >> we need to break down those barriers. we need to do huddles with everybody involved for a person's care. >> he says miscommunication and diagnostic error as significant causes of medical mistakes, and educating and supporting young doctors is critical. we need to make sure they understand that it is safe f

micro units with no cap for student housing or affordable housing and we have not yet hit the cap for market rate micro units, but i know there is studen housing separate from that and affordable housing which are the two most common scenarios. in terms of the market there is always going to be a space for mike cro units but don't see it becoming a dominant type of housing units. i think it is just one piece of the overall pie. >> i would agree with that from what we have seen so far in the pipeline. the second recommendation was- >> just one other thought which is in the case that supervisor wiener is speaking to, perhaps there can be a hardship provision where the zoning adminivator can vary in certain circumstances. just a thought. >> the second recommendation is to clarify that existing built [inaudible] include spaces that can be filled in without notification as listed in the zoning adsminstration bulletin number 4. the proposed ordinance maintains the current restrictions on space use for adu's where they are within the existing built envelope. the commission recommended allowing adu to be

are very low for the ppo for united health however, there is nothing to stop them from jacking up the rates and the only alternative is kaiser permanente now suppose that kaiser permanente and united health jack i am the prices like the other ribbon barons in 1998 the rates went up for the city health plan sky-high and people fled as a result of that if the rates go sky-high where will people go maybe san francisco general hospital i don't know. but this is really a disaster in my opinion that was rushed through i think the message was pleased you have to approve this and make the wrong decision quickly this is the wrongs way to do business and i think we should protest is this should be perpetual this is on outrage thank you >> okay. thank you very much anyone wish to comment. >> okay seeing none, public comment is closed. colleagues if any questions or comments. >> otherwise let's entertain a motion. >> through the chair i mean i appreciated ms. defendant's deposition explanation not only in committee but the information i'm comfortable with moving forward i have to hear from the members

united states. in west virginia the story is even worse. according to a recent study by the trust for america's health, the mountain state has the rate of overdose deaths in the entire united states. this issue is above party politics. it's a plague that all americans must come together to solve. that's why in february, i introduced h.r. 4499, the promoting responsible opioid prescribing act. this bipartisan bill strikes a harmful provision of obamacare that places unnecessary pressure on doctors and hospitals to prescribe narcotic pain medication. this concern was brought to my attention while meeting with doctors and other health care professionals in charleston, west virginia, who are active in our state's medical society. i thank them for bringing this to my attention. the perfect example of how government works well, you bring an issue to your congressman's attention and they will solve it. this was their idea. i encourage everyone to bring ideas you have to help fight back against the opioid epidemic to your local congressman. i'm proud to say less than a week ago the department of health and human services announced they're implementing t

i have advocated for on the commission, i think it's a great way to provide units at rates cheaper than us building them, protecting the tenants in those spaces and we'll be faced with the central soma planning that could do things that we could apply to the rest of the city. this is not the same regarding projects, this is generally what neighbors are passionate about and brings people out about projects, new projects fit into their neighborhoods, their chain stores, people are passionate about their neighborhood which i think is great and i try to get out to all these neighborhoods and meet with the neighbors and walk the sites because i don't think you really get a great feel for what's going on unless you are out in the naipbd. the planning code is a blunt instrument. people are building in a blunt context and trying to fit that in, into an already-built neighborhood. better attention to design is something that's important and something i've pushed for but i realize there continues to be great concern about how the city is changing. i realize the city will grow and change but encou

unemployment fell to 4.9%, the lowest unemployment rate in the united kingdom and the third quarter ofhe flip side is that wages, pay growth came in at 2.3%, the market was looking for 2.3%. it is a little bit of a mixed picture. none of this includes the reality of exit. check on the pound. 1.3119. we are taking it a little bit higher. nejra: we are indeed. looking at european equities, we are seeing some optimism in these markets after the stoxx 0.5% on yesterday, up europe's equity benchmark. we've had some data out of the u.k. which you clearly outlined. it is a big day for corporate news. if we look and see how the different industry groups are performing, tech stocks leading the gains, up 2.2%. commodity producers leading the losses, down 1.6%. there are more industry groups in the green and in the red. s&ping at tech stocks, leading the gains. shares have it their highest level this year, 4.3% at the moment. this is after the company reported results that can't edalyst estimates -- that topp analyst estimates and closed her software deals despite political turmoil. european reve

micro units with no cap for student housing or affordable housing and we have not yet hit the cap for market rate micro units, but i know there is studen housing separate from that and affordable housing which are the two most common scenarios. in terms of the market there is always going to be a space for mike cro units but don't see it becoming a dominant type of housing units. i think it is just one piece of the overall pie. >> i would agree with that from what we have seen so far in the pipeline. the second recommendation was- >> just one other thought which is in the case that supervisor wiener is speaking to, perhaps there can be a hardship provision where the zoning adminivator can vary in certain circumstances. just a thought. >> the second recommendation is to clarify that existing built [inaudible] include spaces that can be filled in without notification as listed in the zoning adsminstration bulletin number 4. the proposed ordinance maintains the current restrictions on space use for adu's where they are within the existing built envelope. the commission recommended allowing adu to be

result i don't think and this provides a rate that is reasonable for students but if the staffs proposal is adopted those students are moved out the those particular units available at point market-rate and will become very, very expensive given today's environment third there is an assumption built in assumption that the general plan requires the students for schools to conduct new housing it didn't if you read the housing element policy one .9 you sha should meet meet the housing demand generated not it has to be through new communication that is an underpinning of the staffs position because i think an error. >> and finally this is just making this clear the reason that the academy is here asking for its legislation to be pursued only because it is waiting since 2007 with pending conditional use applications and long before any special amendment will be required for fairness we propose not initiate the staffs proposal but rather pursue and await a hearing on the academies proposal i'll be happy to answer any questions you may have. >> okay. thank you very much. >> opening it up for public comment now two speaker cards chris and jim. >> i'm sorry - >>

we should have increased interest rates in the united states three years ago.at is because a structural change has happened and the markets need to correct. you cannot prevent that with more and more monetary easing. banks cannot really do anything to stimulate actual demand. they can stimulate the supply of loans but not necessarily the demand. are we looking at a situation where it has to be fiscal policy or helicopter money to jumpstart that part of the economy? komal: i do not think helicopter money will work because if you are lacking jobs, lacking income growth, you need tax credits. you need essentially ways in which the employment tax credit comes into being. you need labor market reforms and for instance, just as the italian prime minister is trying to do to get more power to hire and fire workers so the youth unemployment rate can come down. help that, it is the italian government which has to do the work. structural changes cannot happen because there is a gridlock and washington. the monetary policy just backs off. which the fed has approached it is

the inclusive program requires that 10 or ottawa more units to certain blow income levels or contribute to the fund that supports the blow market rate unit almost 25 thousand have been supported by city funds and more than 6 nous thousand of the unit were built between 2000 and 2012 what you can't afford a million will home you're not alone in response san francisco mayor ed lee has set a goal of creating thirty thousand now e-mails homes by the year 2020 most will be in outreach of the san franciscan with federal and state funds drying up the san francisco ethics commission is, taking an iv i of actually roll is providing housing across all levels we're working diligently for everyone to live here and mr. chair protect the housing semiand strengthen goals against evictions we're commented for housing needs for all san franciscans to learn all san franciscans to learn more visit highway - working for the city and county of san francisco will immerse you in a vibrant and dynamic city that's on the forefront of economic growth, the arts, and social change. our city has always been on the edge of progress and innovation. after all, we'

the overall compression in long-term interest rates in the united states and globally is going to beg-term revenue generation headwind for the banking sector. the other factor is that it is just too early to know what it means for cost. these companies attention to need to staff other regions outside of london to deal with continental european business. i am glad that you brought up cost-cutting again because i'm interested to know how much more they can trim the fat as it were and which banks have actually more capacity to do that. eric: certainly many management teams have a dress this. morgan stanley reiterated their goal of removing a billion dollars of costs into next year. i think they are a third through that process. bank of america highlighted 3 billion in cost that they are taking up. out. that theme since 2010 is certainly getting long in the tooth. we imagine that we are closer to the end of that trend than the beginning. vonnie: you covered many of the major banks and you have by ratings on several of them, including goldman sachs. not j.p. morgan chase, interestingly. w