commissioner wynns: no. >> six ayes. [applause] president yee: now that he successfully have gained a charter, we are going to have to continue the meeting. if you like, you can stay for the whole meeting. but if you would like to leave, please leave quietly, so we can proceed. this is still a long meeting. the next item will be 126-12 f p one, adoption of the fiscal year 2012/2013 budget. >> give them a couple of minutes. president yee: no. nobody has to hear. ok. i guess we can proceed, now that they are leaving so quietly and not having a discussion. thank you very much. this item has already been moved and seconded on june 12. the budget was discussed at length at the board, by the board, by last week's special meeting. it is now before us for action. before us is the superintendent's representative. it is the deputy superintendent. >> thank you, superintendent. this is the adoption of fiscal year 2012/2013 recommended budget. should i read this whole thing? i will read selects choices. the recommended budget for the

you mentioned steve wynn, the las vegas tycoon who said he voted for obama in 2008. explain what angered him about obama. >> what he says angered him is that he did not realize obama was a pro-business regulation figure. and that he believes the health overhaul law, obama's position on taxes, have caused a tremendous damper for business and business expansion. you know, you can get into sort of a psychological analysis. i'm not sure which candidate obama he was listening to. i do not think obama has done very much an office that is different from what he ran on, but is a free country and if he wants to change his allegiances -- >> and changing allegiances with sheldon adelson, kumi did not get along with. didn't want to see other of the office? >> that is the analysis some have suggested perhaps as sheldon adelson has become such a prominent figure in kingmaker in republican politics, perhaps to go to the speaking across the street in las vegas, steve wynn wants to get into the action. these guys to like to exercise their influence. >> you talk about several others t

i also feel some of the things that commissioner wynns has said. i share some of those concerns and values. it would be nice if we could, in the public schools, be able to capture as much resources per child as some other entity. indeed, it either way you looked at it, we will do some -- i do not want to say damage. but some impact, in terms of how many kids will have in the public schools we are running for high school. those are the things. people have already mentioned people have already mentioned that that is the case.

commissioner wynns: yes. president yee: yes. president yee: just because we have a relationship, you are more than welcome to come every tuesday to our meetings and sit through this. congratulations. >> one more of the details are known, i will bring that back to the report. >> i know you agreed we would not take things out of order, but we have one other item -- we would like the public to hear it. our resolution on the tax initiative. i do not think it is going to take very long. president yee: that is a good idea. item r. >> we need five votes, everybody. president yee: jill, i am running the meeting. suspension to hear the resolution. >> for suspension of the rules? for the funding initiatives. thank you. commissioner maufas: yes. vice president norton: yes. president yee: yes. six ayes. president yee: formal introduction before the board. reading of the resolution. vice president norton: you want me to read the whole thing? here we go. in support of funding initiative, where as the board of education has been forced to make

commissioner wynns: can i ask that the budget committee report be reported on? commissioner mendoza: it was 2 ayes and 1 nay. >> you have before you the superintendent fifth proposal, which is a recommendation regarding the kipp bay area high school petition, authorization to grant. pursuant to california education code section 47605, the school submitted a petition to the charterer high-school to beat district on april 20, 2012. whereas the district to comply with all timelines for review and action, as required by law, and the board of education should consider the level of public support, and show review the petition, including supporting documentation -- the board of education show be guided by the intent of the california legislature that charter schools are and should become an integral part of the california educational system, and their establishment should be encouraged. whereas the district superintendent and district staff will issue a report to the board of education regarding the review of the petition. the board of vacation showed grant the petitio

commissioner wynns: i wanted to say we are not letting her get away either. we have not had a chance to talk about our and our other student delicate, because we did not know if would be privileged to have them here tonight. with respect to all of my colleagues, elected and appointed, my favorite part about serving on the board of education is working with students. in has been a privilege this year, and for many years in the past, to be able to do that. we expect to stay in touch and see great things from you, and offer or how for anything we can do. president yee: next item is the parent advisory council report. ruth? >> good evening. this is a really difficult act to follow. i staff the parent advisor counsel to the board of education. for people in the room who do not know that, the mission is to provide parent perspectives to inform board of education policy and strength and implementation of district practices. i just want to say also that we really are grateful for your leadership that you have provided in the last few years. i was sitting here thinkin

don't not even like the wynn treaty we don't need foreign experts from geneva or belgium to tell us what to do. we believe in freedom. 18 to every president we have never saident weha'vd

commissioner wynns: i just want to think commissioners -- thank commissioner yee and murase. this has been going on forever. i appreciate the intention to make sure we get proper supervision, accommodate the independent study, and tried to do what we can do. we have discovered some glitches that were bought planned for. this is a way to fix this, and i appreciate it. thank you. commissioner mendoza: i have a few questions. on the top part of our second reading, it has some of the amendments that are not written into the -- it is written into the resolution, but i wanted to get some clarity. it says they must have bay certified jrotc instructor. then its said it would omit the requirement the new hires have the certification. can you tell me how? it sounds like one says you have to have a certified, and the next says we are omitting the requirement. president yee: the second part is that the -- i guess the idea is that there is supposed to be a commissioned officer and a noncommissioned officer. we put the original amendment to gather and it made it sound like everybody had to

monsignor william wynn is was seven years in prison. >> i read something that that said the catholic church could learn something from the ncaa. that's a different story. let's take a look at weather from across the country. severe storms from coastal new england to eastern long island, d.c. and the carolinas. also stormy into the ohio valley. upper midwest and the dakotas. thunderstorms from the midwest and showers from texas to florida. >> 90s from florida and boston and the plains. 80s from detroit and billings, warming up to the 70s in seattle. >>> coming up next, the airlines are asking you to dig a little deeper. >>> plus, some actual good news about the nation's housing market. business news is next. >>> also, those olympic uniforms that we told you so much about. a new deal clearing the way for them to be made in america. @ññ?? >>> welcome back, everybody. there is a new sign at the housing market has turned the corner. nationwide home values have posted their first annual increase since 2007, showing a slight gain from june 2011 and last month. home values appeared to have b

very interesting note on wynn.g care yeah for them of casinos and folks are back in vegas, sue, they're very cautious about gambling. the gambling revenues are not keeping up with the attendance revenues. a metaphor for this market at the moment. back to you. >> thank you. >>> time for the bond market report. j.j. mckenahan joining us. >> hi, sue. always a pleasure. >> i wanted to start with the fact that you had some interesting statistics. you say this crazy bond market, if you purchased a ten-year and 30-year you would be doing pretty darn well in contrast to what people thought. >> the 10-year up 5.5% on the year. and with the 30-year, you would be up about 8.5% on the year which really goes back to what all of your other reporters said here about this being kind of a crazy market. and, you know, and obviously, we are off a little bit of the highs of the day for the fixed income markets right now. but what's really interesting is how strong they've been. i mean, a lot of bond traders down here are really at a p

commissioner wynns: yes. president yee: we were going to go jumping into the special order of business that is related to this, but i see it is already pretty late, and we have not gotten to -- excuse me. we have not gotten to the public comments yet. i would like to do that right now. this would be the item under public comment. i will call these names, who have signed up for this particular agenda item. yes, it is rough when we have lots of stuff to talk about. ok. michelle parker, macarthur -- martha aaron felt, patrick charles smith, maurice edwards, there is a shirley without a last name, oscar james, diana daniels, and that is it. how much time should i give them? one minute each. let's go. >> we have been here since 5:00. >> you can't give us one minute? >> we have been here since 5:00. >> i am a parent of elementary schoolchildren and a middle school child. when i want to clear my head, or think clearly and solve a problem, i go on a run, or i go on a long walk on our great hills of san francisco. i h

douglas eked out a win over favorite jordan wynn from the olympic trials. she moved two years ago to train. nicknamed the flying squirrel, douglas says the crowd helps motivate her. >> they are like come on squirrel. or go to to work, i'm like wow, i'm going to do this for you and for me and for god and my coaches. i love this sport and i love exeating. >> reporter: douglas and webber could battle. >> once i started watching the olympics on the tv i started having this vision in my mind. >> reporter: the u.s. women have a chan to win gold in the team competition for the first time in 16 years. >> reporter: douglas and webber were members of that championship team along with world champion, mckayla moroney. both made the team as did newcomer kyla ross. at 15, the california native is the youngest member of the u.s. women's gymnastics team. teresa garcia, cbs news, san jose, caalical. >>> good morning, happy fourth. thank you for watching 9news at 5:00 a.m. >>> good morning monika samtani. >> good morning mike haiduk. >> is there a lot of traffic on the fourt

commissioner wynns: i will not be supporting this chart to this evening. i have to say that i am disappointed in the recommendation from the staff, because it does not have any analysis of the high school enrollment projections. a few years ago, in another high school charger -- san francisco has a disproportionate number of high-school charters, compared to any other district in the country. we have had, i think, predatory high school development. our high schools have been doing quite well, particularly on a completely un-level playing field. a couple of times ago, when a high-school charterer came in front of us, i propose an amendment, saying that if the board voted to approve this charter, they would vote to close a comprehensive high school. as the school was built up, we knew the in a moment would go down. we ought to say that if you are for this, you are for closing commission or thurgood marshall, because that is the effect. the playing field is not level, particularly in what has been characterized by many as the corporate reform agenda, which i

that any of the new legislation that is asking us to track incidents of -- i am hopin g commissioner wynns would tell me. we do not have a system that contracts are online pro- business system that is being used. we did not have the resources to expand that system. it is being used very effectively right now by many of the middle school counselors. although middle schools and high school counselors, if we can build in that feature to track incidents of harassment, bellying -- bullying not only of lgbtq but everyone else. we do not have the system that tracks those electronically. i want to make this a memorable for carlos' -- this memorable for carlos's last term. >> there is the health requirements we have but also covers some of the issues around diversity. >> use the only -- she was the only health-certificate good teacher. >> this is a very good budget the past. we do not know if it is enough to keep it going. this is hard to pass knowing that it might not be enough. we will know in november what happens but it might not be enough. this is -- as slim as this is, underfunded, it could b

>> right now, wynn reports. a positive earnings surprise in april, but the stock is tratding poorly. the power gauge is bearish. they report on the 16th, i believe. this is a name i would definitely get out of. >> just to wrap up the seagate conversation, based on the warning after the bell, would you say that perhaps using the weakness is a buying opportunity could be a good move? >> i think any time you're trading with david einhorn, you're probably in a good spot. doesn't always work. i think this is a buy here ahead of the earnings, which are actually going to come out in about a week and a half. >> all right, mark. great to see you. thanks for your time. joe, what advice would you follow? >> i think the interesting stock that was just brought up would be wynn. some of the revenue in june was much lighter than anticipated. that is the first time that we have seen that. estimates for gambling revenue was supposed to be up 50%. it was 12%. >> what was a miracle for a year and a half is really pulling in. i thi