. >> would this make us the most expensive city to do business in? >> given that we have the highest income tax in california and we're moving to a rate structure that is going to be revenue neutral, then i think it would continue to be the same. commissioner riley: we don't want to lose any business. to put the burden on 946 businesses, i don't know what the impact is going to be. would they leave us? >> in our initial findings, it would nedda's 3000 net new jobs -- net loss 3000 net new jobs. obviously, we're going to reduce that benefit a little bit. we are expecting a under the mayor's proposal -- and it is probably lower under supervisor avalos's. >> i think it is vitally important that both camps find a single place to land before the legislation goes before the voters. the last thing we want is two ballot measures. i hope there is a lot of working to narrow the gap so we have a single piece of legislation and if there is anything we can do to help with that process, i think we would all be happy to do it. it will be very difficult to support th

the city to use it. it is available from 9:00 a.m. to 5:00 p.m. monday through thursday. >>> apartment costs are at its highest ever. palo alto is the most expensive place to live, $2,700. san francisco is second eand redwood city is third -- and redwood city is third. there is higher demand for rentals because of more jobs. >>> federal reserve chairman ben bernanke delivered a gloomy report this morning on the nation's economy to a house committee. ben bernanke says the economy continues to grow but slowly. he said unemployment likely will remain above 7% for the next 2 years. >> over all level of confidence remains low. >> ben bernanke says officials do not see a double dip recession. >>> defense secretary leon panetta said syria's tug of war is spinning out of control. it comes after a bombing that killed three top officials. the administration slapped sanctions on members of the government and leon panetta called for international pressure for him to step down. >> the international community, working with other countries that have concerns in that area have to bring maximum pressure on him to do what is right to step down and allow for the pea