did there was this argument of the reference to under valuation and devaluation. do you think obama lost out to the chinese? there on the obama administration, there is play to do something concrete. nothing has happened, protectionists will want to take action as a result of that. >> i am going to stop you there. you talk about protection. we know on capital hill, there are significant number of men and women. there are a number of new directive terrifs. are we on the brink of a real surge in the united states? >> it could happen. i don't want it to happen. my view is that if the economy continues to pick up, this can be held at bay. if you see the united states with 3%, 3.5% growth, there's more reason for us to have the protection. if the economy stalls, this is going to happen. definite steps will be taken. >> do you think obama might find it difficult, do you think they will make play of the fact that the united states is not getting exactly what it wants from other companies. i think it will be a difficult thing to come back to achieve anything. the pressure

. >> phil, what will the valuation of general motors be after this? the estimated valuation, and compare it to ford. >> well, it depends. and if you factor in all of the convertible and preferred stock, most people are saying, you're looking at probably a valuation of $52 to $54 billion. ford is going to be in there at that $58 billion range. that's going to fluctuate over next couple of days. people are going to look at this and say, does this valuation make sense for this company? >> that's going to be fascinating to watch, fascinating to watch the politics of all this. it is a story that has many, many facets to it. phil lebeau at cnbc world headquarters for us, thanks very much. >>> well, senator lisa murkowski is headed back home to alaska to address supporters and potentially to declare victory as she has widened her lead over joe miller to more than 10,000 votes. but joe miller's not going quietly. nbc's kristen welker is live for us in anchorage. she's been watching all the vote counting. so here we are. her vote lead is 10,000. is that with o

the controller's office staff and that's one of valuation for every part by the end of the fiscal year the fiscal year and, we published the park maintenance standards annual report, which we will be discussing further in our presentation. at mid-year, we publish a six- month report. >> just to follow-up on one item that we consider very important for the department -- beat office really performs as an audit function. there are neutral search parties. it gives us our credibility in terms of the scores, especially with some of our park advocacy groups that are highly critical of some of the things we do. we rely on them to continue to perform these evaluations and be that check and balance to the activities of the department in this process. onward to results. this bar graph is basically illustrating the fact that we have five years in a row of increase. we started in 2005-2006 with just over 81% as our rating, and we are up to 89.7%. that is the overall score for the fiscal year closing for 2009-2010. again, the other things that we see in a lot of the scores, and you will see it in de

if they expend money towards training, who does the valuation, and what work are we getting? so now, nothing was registering. i am down to about one second. [chime] you know that the way sfpuc is going forward, we're going green. green willd emand -- will demand a lot of training. whatever money we expend towards training, we need to give some sort of odd to the type of skilled workers that are produced at the end of the training. >> the revised summary is included in your folder today. if there is any commissioners that desire to comment, this is the appropriate time to do so. >> i went through my schedule on sunday, and i would add my name to the list of those particular areas that i find avenge rest in terms of the commission. i will add that after the meeting rather than take up time at the meeting. >> i have a couple of things on the advanced calendar. i know there was discussion about whether that should happen the first or the second friday of december. i just wanted to check with the other commissioners, if we could get that on the calendar if one day looks better tha

to agree to more market-based currency exchanges and expect the g-20 to agree to noncompetitive valuationll be an historic agreement on new banking regulations coming out of the financial crisis where world leaders will agree to make tougher standards for big banks and banks around the world and agree in a year's time for even stricter regulations on the biggest banks, the global banks that create systemic risk. there is one major outstanding issue, which is the issue of global imbalances. the united states runs a $700 billion trade deficit with the rest of the world. that means it imports more than it exports. the obama administration wants g-20 leaders to agree to new standards for that. it's unclear if they'll get them. of course, as you said, china is on the table in a big way here. back to you. >> steve, just one quick follow-up question. i know we have a satellite delay. i want to get at this issue with china. obviously the currency back and forth. you said there's supposed to be a global agreement there won't be some race to the bottom when it comes to currency valuations. is that

we could certainly add to that the valuation. >> i am just reading the motion that is in front of us. this is very broad and it says that a financial impact with the benefit or pay increases. did this get narrowed? >> yes, i believe it did. what would have come out of the last meeting would have been looking at number day which is page three, line four. this had been very specific to premium types of pay which might not be relevant. >> i will respectfully disagree in that case. i think the party for the city should not be looking at special fiscal provisions, we should be looking at the impact of -- on the employer provisions. that is crushing our deficit. we have to move forward, i will not be supportive. >> any additional conversation? glad some of the other things that we were looking at, the reasons that we focus is that we thought that they would be looked at in other areas. we did not want to duplicate services because we only had some in the hours and that is why we narrowed it down. and i understand that you will not be voting for this but that is the reason why we narrowed it

i just do not have a sense of that, in addition, an evaluation as was just referred to about the valuation of the whole initiative, it will also include a financial assessment, -- not all of the money is identified by looking at the school budget. i need to know how much that is so i can get a sense of how much this applies. we know that the whole idea is to serve small groups of students in a different way, so that needs to be part of our assessment. we're doing that in our data free environment right now. i need more data, and i need some of it to be financial. thank you. >> services will have to be delayed, and i am also curious why we are doing this six weeks- eight weeks into the school year. are we looking to hire these positions, or are we finding the continuation of these positions? and i want to welcome mr. alexander. >> thank you, commissioners. i can respond to that, but just briefly, we do very much welcome the questions around evaluation and data, the media report that commissioner norton referred to. it had some big inaccuracies in them, and i have never seen the numbers that

general-obligation bonds which is 0.8% of the 3% that is allowable by charter, which is 3% of the assessed valuations. if we issue all that is authorized, 1.8 -- 1.68%, which is still low compared to the 3%. by approving the sale, it would increase the debt capacity from 0.5% signed 2.93%. we also wanted to highlight that we are within the constraints of the 10-year capital plan. by approving this, you would allow for this increase in additional tax rates, which is still below the 2006 tax rate level that we have allowed for. in addition, we have a disclosure documents in appendix a that outlines the city's finances. it has been updated through august 31, 2010. by the time we hit the market, there is a likelihood that our financials will be released, so the first quarter report that was recently released will be updated to reflect that. we are requiring that you delegate that authority to the controller's office to make those necessary changes. i am happy to answer any questions. supervisor avalos: thank you. mr. rose, if we could hear from your office. >> members of the committee, on number six of o

one of whom is kind of sitting on the sidelines because of the valuation concerns. another one thinks that these stocks might have a it more room to negotiation especially as we kind of enter earnings seasons for the fertilizer names. >> tom: the market takes two sides, and you've got it there. let's look at a trio, including deere and company. close to a two-year high, which certainly speaks to the rally you mentioned earlier. what could be the catalyst, bad weather and higher crop prices? >> you better. there were crop failures in russia, and the usda in october had to slash its yield estimates, especially for corn. that lit a fire underneath commodities prices. >> tom: it certainly has helped out some of those making money in the fields, including agrium, who makes fertilizers. a.g.u.has benefited from low natural gas prices, a key ingredient in making fertilizer? >> no doubt about it. farmers are flush. they're ready to spend. and agrium, too, it's prize is sort of its retail business. it has a chain of pretty profitable retail sort of farm depose scattered thro

valuations for years. when you look at $33 a share for the g.m. stock, is that high, low, or just right? >> from the investor's standpoint, it is probably a little on the low side despite the fact that g.m. upped the price from $29 in the preliminary filing. so for the investors, we will know the answer to this tomorrow morning. it could end up being rather nice offering. >> susie: now, the last time you were on our program, which was a little more than a year ago, you were kind of pessimistic on the outlook for general motors. how about now? >> oh, i think it is fair to say that this has been one of the most remarkable corporate turnarounds in history, certainly that i know of. and no hodge-podge thanks to the u.s. government helping to wipe out 90 million in debt and liabilities, but the company has executed its strategies superbly, compared to year, year and a half ago, when debt was staring them in the face. the possibility seems very remorse that the u.s. taxpayers would get it back. and now it seems much closer to reality. they have to be co

and yet, you know, we think valuations are still pretty supportive. we think that the up-grade cycle among businesses is going to remain supportive, and the overall sector outlook to us looks pretty strong. >> tom: and you also like consumer staples here, which is an interesting traditional defensive play. a proxy for this is the consumer exchange rated fund, x. l.p. why get defensive with consumer staples. >> we like a mix like i.t., because these are it's things you buy in all economic environments. the consumer staples sector has lagged the overall market. there is a high dividend payout this year as well in that sector, so we think that the combination of the dividend payout and the high exposure to emerging markets which a source of strength in the world economy, provides support to this sector. >> tom: if there is one commonality, it is the search for dividends and income, and you like that directly with the utility space. with the x. l.u. utility selector spider exchange traded fund. do you expect much capital preesh or depreciation as you're c

>> valuations is the reason. right now you've seen the stocks take off. >> jeff: any disclosurees? >> we don't own any of those stocks. >> jeff: you can read bob's article on at the street.com and also a link on our website. thank you for joining us. >> thank you, jeff. >> susie: here's what we're watching for tomorrow: quarterly results from burger king, cisco systems, general motors, macy's and sara lee, along with reports on the u.s. trade deficit for september and weekly jobless claims. also tomorrow, the finer things in life. you might think in this weak economy, luxury goods would not sell well. guess again! we'll look at who's doing the buying. more fallout for goldman sachs over its controversial "abacus" transaction. goldman will pay a $650,000 fine for taking seven months to reveal two of its brokers were being investigated by the securities and exchange commission. the financial industry regulatory authority, or finra, said the bank should have disclosed that information within 30 days. one of those brokers was fabrice tourre. you'll remember he was at the center of the

they have a whole mechanism for praising and assessing valuation. a horizontal addition and a vertical addition certainly will result in additional assessment. by the way,? are interesting because the rules change. if you are on the ground and it is a patio, it has different rules. if you lay a flagstone patio, you're not getting a permit for a deck. but if you build -- let us say you build a deck that is less than 30 inches off the ground. no permit is required. it does not go to the assessor reporter's office. between 30 and 36 inches off the ground, you need a permit. you can expand the entire size of your rear yard. if you are more than 36 inches off the ground, you have to meet the planning department open space requirements and encroachment requirements. there is a whole range. another thing would be converting an unfinished basement or adding living area, which is happening very often. people are taking the back of their grosz and turning it into their room, or an attic. that is happening in lot. you have to be assessed for that. i think that