designation of one hundred 7 market street this proposes to change the article inspection from a category 5 unrated to a 3 trickery building the change of designation was proposed by building be owners and the community arts stabilization trust it allows the owners to sell it was heard on april second of this year and the h pc voted unanimously to remedy the change 7 of of designation supervisor kim supported it and said it's an important tool for stabilization in san >> welcome everyone. my name is ann chronicallying burger (clapping) thank you. this is such a very exciting day for all of us i see lots of friends in the audience who worked with heather harvey and loved him as people part of the legacy to think we're honoring this man with a u.s. postage stamp is phenomenal thank you so much for coming. last week stewart and are were at the white house for the stamp dedication it was a inspiring dedication but to both which us it's more important to do it here this was harvey's home and city hall he loved the most. (clapping.) i wanted to introduce our mayor, mayor ed lee who is going to speak to y

designation of one hundred 7 market street this proposes to change the article inspection from a category 5 unrated to a 3 trickery building the change of designation was proposed by building be owners and the community arts stabilization trust it allows the owners to sell it was heard on april second of this year and the h pc voted unanimously to remedy the change 7 of of designation supervisor kim supported it and said it's an important tool for stabilization in san francisco. the members of the consultant perpetrate did change of designation report and spoke to the arts committee the committee voted to send it with a positive recommendation. the board was off last week but this week there were two items on the agenda there's the mayor ed lee and supervisor cowen's planning codes changing to amend that for p district for the new sf plaza program it was heard on may 1st and recommended for approval. this item passes the second reading and was sent to the mayor's office for signature. there was an appeal for 565 fell street of lot subdivision this was scheduled to be heard on may 6th so the applica

the designation of 1000 market street received it's first reading the changing of the category 5 unrate to a category 3 to a contributor building it was passed without significant comments from the supervisors that will get its second reading next week and the latin cultural district to remove a park there were no introductions >> commissioners zoning administrator scott sanchez is not in attendance but he forwarded his board minutes there are two element on 740 bay street features to a previously roof-deck the appellant argued they didn't receive notice of the roof but it was heard by the planning commission and the commission modified to have o pack windows but didn't recycle the roof-deck and on castro street the suspension that authorized a pharmacy and medical service use the pharmacy was you identified as the aids health care which is that formula retail and the project was identified at the castro pharmacy it doesn't maintain 2 or more standards and is not recognized as a formula retail the burden of proof is on the pharmacy it was continued until august and requires the folks to

>> the natural unrate, i suspect the fed thinks is about 5.5%. approach 5.5%, that's the level at which inflation theoretically doesn't go up our down. maybe 5.5, but 5 would be pressing it. >> i'm going to ask you the same question i asked david kelly -- how much do you trust the fed? do you think they will be right in their projections? >> you know, brian, i trust in what they tell us. i don't necessarily trust in terms of how they get to the point that they tell us. you know, the fed is based historically on models, and modeling of cyclical types of movements. the last 20 to 30 to 40 years in terms of neru and in terms of what they follow as the taylor model. john taylor from stanford produced a model in the early '90s that suggested the short-term interest rates should be 2% and with 2% inflation, the nominal rate should be 4. that's basically what they follow. we suspect with our new neutral that that has changed substantially. we saw a bit of that today with steve liesman's discussion on the blue dots on a long-term basis. we'll hear more f