so the exposure of our private conversations he doesn't think will harm us long term. i'd be surpriseed if it harms us long term. there are plenty of things it would be better not to have had out there but i have tremendous admiration for the people doing the work of writing those cables. they're very smart and engaged. i've been a bit surprised by the shock surrounding it. >> we don't know the consequences of whether people lost their lives or something happened and i suspect made it a bit more difficult for people in terms of... joe biden said on the weekend that when he goes for a meeting with the head of state they say "it will be just the two of us, no aide taking notes." >> it's an ice breaker, though, "you're not going to wikileak me, are you?" >> rose: (laughs) thanks. pleasure to have you on the program. captioning sponsored by rose communications captioned by media access group at wgbh access.wgbh.org

the federal reserve provides no real benefits to us long term. >> before the fed, there were more with sessions and more severe recession. -- there were more recessions and more severe recession. is that a price you are willing to pay to go back to reining in the fed now? >> i do not want to pay that price. even as you are to the case we had that before, we can present -- we can prevent them because they were artificial. you pay the price of one year of a bad recession like we did in 1921 and 1920. that was the last example of us having a hands off approach. the debt was liquidated and bddp went down rapidly. people went back to work -- and the gdp went down rapidly. we are trying to keep housing prices up and we by the bad debt. we do not allow the liquidation of the debt. yes, after somebody else messes up the economy, the free market is demanding that we liquidate and go back to a time when you can have economic growth again. you are touching on an important point. politically, it looks like it is painful. if they did exactly what i wanted in 2007 and 2008, it might have been bad bu

the sale transaction constitutes a waste of taxpayer dollars for the simple reason that it's using long-termebt to plug a short-term hole in the budget. >> the court has invited both sides to submit briefs before the end of the year. >>> meanwhile san jose's city council today put a moratorium on any new pot clubs in that city. they also made sure the city will get a larger piece of the clubs that still exist. kiet do explains the tax hike is getting a mixed reaction. kit? >> reporter: we're live here atest end san jose, at medics, one that will be hit with this new tax. it is unknown how much they need to gain from this tax but given the historic budget deficit every little bit helps. in san jose if you want a puff you got to pay. the city couple has voted to tax medical marijuana an additional 7% on top of the current sales tax, pushing it to 16 1/4%. >> they passed the tax, even though it's a lot, italy zhitnik mices it. >> for the seriously ill people that's not right. you can't tax somebody's medicine. we're already taxed. jumps that this city needs tax revenue so work with the collect

for the simple reason that it is using long-term debt to plug a short-term hole in the budget. >> theourt has invited both sides to submit briefs before the end of the year. >>> today, san francisco supervisors will vote on whether to continue studying a possible toll of $3 on rush hour drivers from the peninsula. the goal is to raise money and promote public transit. but san mateo county says the toll would severely affect people living there. it is considering a retaliation with a six dollar toll each way. and the san francisco idea would not be implemented though until 2015 at the earliest. >>> 4:54. you know those little chips in credit cards that let it wave it over a machine to pay? thieves can use it to steal from you from distance. the chips contain radio frequency identification technology or rfid. if you see this symbol, your card has one. consumer watch reporter julie watts says it makes electronic pick pocketing a snap. >> in a crowd, he blends right in. that's the problem. >> if i'm walking through a crowd and i get near people's back pocket in the wallet and i have to ge

to include a visual that shows the full breadth of the piers that are anticipated to be used for short term and long term used by the authority to briefly go through. at pier 80 would be the berthing of the u.s. a 17. other temporary facilities and preare ngata staging for the 34th america's cup. moving up there would be race yacht viewing. 30 and 32 would be the team bases. sea wall lot 30 would be used for tv compound and parking. 36 and 28 would be team hospitality. the area between pier 14 and 22 1/2 would be superyacht center and mo motherings for boats. and pees 19 through 29 -- piers 19 through 29 is the media center to watch the event when it takes place. last week, supervisors, i just wanted to share that visual because we talked a great deal last week about what the northern waterfront was and had less than ideal visuals to show the full breadth. as you know what is being discussed is he is start and finish lines would be at pier 27 allowing them to go out from there to the golden investigate bridge and back. there were a series of questions that you asked about the host city agreement as

i've said of him out on the possibility of the realisation of this memorandum will allow us to enter a long term lease of a strong underground gas storage facility that is not only conveniently located but also has a good this will allow us to use this storage facility to help fulfill our long term contracts. it's also important to mention that this deal will also make it much easier for european consumers to receive russian energy since it is going to be delivered from russia but it's also going to be stored here in europe which will make it cheaper and easier for european consumers to get their hands on a russian energy. also industry now and sales of new calls on commercial vehicles in russia have rocketed eighty percent in november year on year as according to. businesses vehicles sold reached almost one hundred ninety eight the biggest month in two years. the growth was supported by post crisis recovery and the stage we repay program we've used so far this year called up twenty eight. now russia's largest nickel has sold thirty eight percent of his u.s. unit stillwater company they sell rai

sale-lease-back transaction constitutes a waste of taxpayer dollars for the simple reason that it's using long-term debt to plug a short- term hole in the budget. >> the court has invited both sides to submit briefs before the end of the year. >>> a silicon valley giant is about to cut hundreds of jobs again and right before the holidays. let's go to mark sayre in sunnyvale, where yahoo could start handing out pink slips today. mark. good morning. >> reporter: it's a tough story at this point. the company itself not making any announcements about whether these layoffs are going to happen. the "new york times," however, does have the details on this. according to the "new york times," yahoo as soon as today will begin laying off between 6 and 700 employees representing about 5% of the company's overall workforce and if it happens, this round of layoffs would be the company's fourth mass layoff in the past three years. this week's round of layoffs according to the times is expected to be concentrated in yahoo's u.s. product group. the product group is responsible for designing and building consumer a

sale of the transaction constitutes a waste of taxpayer dollars for the simple reason that it's using long-termlug a short- term hole in the budget. >> the court has invited both sides to smith briefs before the end of the year. >>> today, san francisco supervisors will vote on whether to continue studying a possible toll of $3 on rush hour drivers from the peninsula. the goal is to raise money and promote public transit. but san mateo county says that toll would severely affect people living there. and it's considering a retaliation with a $6 toll each way. the san francisco idea would not be implemented until 2015 at the earliest. still a lot of people mad about this. >>> it is 5:38. the rain is back. but for how long? here's tracy with our forecast. >> reporter: the rain is back for now especially for the morning. here's a look at what we're dealing with. they are light and scattered showers. not completely widespread. and they are not heavy now but we have the likelihood of that being in the forecast today. we have a cold front coming through so that's why we're seeing the light scattered s

>> earlier they told us the long-term parking lot was awful but now few people of laughed so now they're still parking available in the long-term parking lot. what we can tell you is a little early as today, there's a big backlog of cars pulling into the domestic terminal either to drop off or pick up here and if you're doing that you want to allow a little bit of extra time. >> thank you dan. it's not just the roadways that are getting swathed in southern california by all of the heavy rain. the runways are too. look at this airport in corona. it's been shut down. there towing planes. you could see the place buried and floodwater the airport managers and workers spent the day: those planes out of this murky mass in krona. an estimated two air across stay at the airport. speed traps the storm on our allies cite just go to www.kron4.com for real time radar and for up-to-the- minute weather information. off will be back with much more news ahead for the a lawsuit has been filed against the city of oakland it aims to set bound hotels that cater to prostitution. the city attorney made the an

that is a mechanism we have used in other long-term development agreements to read a private investment. the question that came up, there is also potential tax improvement financing under this proposal. the port was successful with of getting an infrastructure financing law that would allow growth and property taxes to be reinvested in public improvement along the waterfront. i think the staff raised the issue of whether or not there could be to forms of repayment as a rent credit and financing. we have been in consultation with and the city attorney's office, and i want to thank them for crafting a new clarifying amendments. it makes clear that the grant credit calculation as to back out any tax increment financing that would be subject to approval by the board of supervisors. i want to pause there and ask their -- and ask if there are any questions. it makes clear that the city will only pay once for these improvements. there was a lot of press coverage over the course of the weekend, the letter from the team. and members of the board of supervisors as well. there was a counter propos

not only for the venue uses, but the long-term development rights would also require future ceqa. that is a really important point for folks to understand. the leases would go to the port commission as well as to the board of supervisors. the question has been -- why now? why are we moving so quickly to get this decision through? i will answer it hopefully very clearly. protocol states in section 12 as well as section 25 that the team will make a selection of a host city for the 34th america's cup by december 31. they will also have the course determined, and they will show that with the competitors who have taken out papers. i believe there are at least four of not five competitors. the challenges open on november 1, so those folks are already wanted to design their boats and get their corporate sponsorship program under way. this data is not arbitrary. it is stated in a protocol that they will make a decision by the end of the year. additionally, it is stated that if there is any way we are going to succeed in our commitment on the ceqa front, we have to start. we have to finali

preferences warped by the welfare state by the central banks by all the actions of government take us away from long term thinking and generate and and promote short term thinking so that's a very bad thing we have to do something about dramatically cutting back the state the state is the enemy of the market it's the enemy of humankind on earth i would i would argue and it's growing it's metastasizing whether we see it at the airports in the us or all the various interventions that are wrecking the american economy making us all poorer so we have to if we want to change people's attitudes companies attitudes towards the long term i would argue towards the natural long term view in a free market have to do something about the government and the central bank there recognize ok david how do how do we look in more in the long term because again you know if i look at the states here a lot of it over nine percent a lot of economists will tell you twenty percent unemployment it's very hard for a lot of people to think long term now i mean when things are good i guess it's a little we have the luxury of thinking

it is more responsible in terms of the long-term use of our pork property. i think that if it's much better in the area that we have had supervisor campos do a lot of work and in the past three years in terms of making sure the process is fair -- i think that'd it's much better in the area that we have had supervisor campos do a lot of work in in the past three years in terms of making sure the process is fair. with that said, we have one more amendment to propose. that is i need to borrow the cop on january 5 -- barbie -- borrow the cup on january 5. if that could be accommodated, i would appreciate that. commissioner chiu: colleagues, with that, if we could now move to a roll call vote. >> on item 53, alioto-pier aye. avalos aye. campos aye. chiu aye. chu aye. daly aye. dufty aye. elsbernd aye. mar aye. maxwell aye. mirkarimi aye. there are 11 ayes. commissioner chiu: this resolution is adopted. [applause] colleagues, why don't we go back to item 19? >> item 19 is an ordinance amending the public works code relating to regulations of freestanding and fixed

us? >> we are doing long-term planning at about 5% but we know that our borrowing costs regeneration a los -- our a-- are at generational lows. when we are doing the single improvement program, we set out the bill to our customers. we can give very low rates on a very large improvement program and we're doing with six straight -- fixed rates and we don't have to worry about the volunteer the -- will not have to worry about the volatility index. when you look at our rates compared to average bills, we have benefited from a very very low-cost average bill comparison. we are the envy of many utilities. >> and the envy of the state as well. thank you. >> do you recall in the projections, was this a general inflationary rate plus the usage difference? >> yes, we have a santa that our program will grow at 5%. the general inflation rate will be 3%. construction costs are at about 5%. we also assume the cost of borrowing at 5%. >> are there any that can be offset with a cheaper rates? >> on climate change design criteria, how far up as the model and go with climate change? >> right now, we don't h

officials here tell us most of the long- term unemployed cannot go a week without their benefits check. that means somwill have to look for new places to live if they can't afford their mortgage or their rent, some may be not be able to afford their grocery bill. back to you. >>> there's some encouraging news about unemployment with a new government report showing applications for jobless benefits have dropped to the second lowest level this year. the labor department says f irst-time claims for jobless benefits fell by 17,000 to a seasonally adjusted 420,000 last week. it's considered a sign the companies are cutting fewer jobs and raising hopes that they will start to hire more. >>> caltrans is ahead of schedule by nearly a year. the new east span of the bay bridge is expected to open in 2013 instead of 2013. this means that drivers ahead -- headed across the bridge are have a change -- will have a change to their commute. >> reporter: it's hard for bart ney to describe what drivers will see next spring. >> this is where our next challenge is. >> reporter: he pointed to where crews h

we have been identifying locations that pose the greatest concern to us, and in some cases doing long-term loans of the machinery. >> does anyone want to add anything to that? >> ok, i do wonder one other thing. i was talking to some of our tsa people when i came home from holiday to come back here. i will talk about the good work that they do. they go through quite a public bruhaha, and i understand the concerns raised by the people who called me, but i think that these employees are doing their job. what they told me was that passengers were appreciative of their work, but i think they went through the wringer and appreciated the support they got from the department. i'd just want to put my appreciation for their work, whatever the policy changes may be. >> thank you very much. i think that is an important statement to understand. the people at our airports doing the day-to-day screening, they are working under orders of process and procedure and supervision. they by and large to a really outstanding job. like everyone else, you can find one that has had a bad day and may not be doing qu