Mr. Secretary, please call the roll. [laughter]. Thank you, madame chair. Prior to calling roll, i would like to note that julie chang is sitting in as director. With that i will now proceed to call roll. Directors, please respond when i call your name. Chang present. E. Forbes present. M. Hursh present. B. Lipkin present. J. Tumlin present. Vice chair gee present. Chair sesay present. Secretary directors, we have a quorum. Chair sesay and secretary, if i may just a point of clarification, this is a regular meeting, not a special meeting, just a point of clarification for the record. Chair sesay thank you, i appreciate that. Secretary thank you. Directors, the next item, item 3, is communications. Wed like to provide further instructions for the Public Comment process. To provide Public Comment, callers should dial into the published number, 18552826330, and enter access code, 126 729 5295. Then pound and pound again and listen to the meeting. As they wait for Public Comment to be anno
Present for us. The members of the commission are meeting remotely to ensure the safety of everyone, including the members of the public. Madam secretary, please call the first item. Clerk thank you, mr. Chair. The first order is roll call. Please respond when i call your name. [ roll call ]. Clerk all members, excuse me, all other members of the commission are present. The next item is announcements. The next regularly scheduled meeting will be held remotely on november 20, 2020. Please be advised that a member of the public has up to three minutes to make pertinent Public Comment on each agenda item unless the Commission Adopts a shorter period on any item. Please note that during the Public Comment reared, all dialin participants from the public will dial 14156550001 and the access code is 1464367015. When you dial star 3 you will hear the following message you have raised your hand to speak. Please wait for the host to invite you to speak. When your line is unmuted, this will be th
Citizens who have died from this pandemic kept a pretty good reason to bits agree with you but you see it wasnt just himself the dominated the President Trumps thoughts this week as he also pointed out on twitter that quote the Fake News Media refuses to discuss how good the economy and stock market including jobs of the trumpet ministration are doing we will soon be in record territory all they want to discuss is covidien i t you know for one side agree mr president lets discuss the u. S. Economy and our friends on wall street in fact just last week the Federal Reserve released its label latest triennial study into consumer and household by nances and according to press news the report found that quote millionaires and billionaires hold a remarkable 79. 2 percent of the United States Household Wealth and that only 11. 9 percent of american households. Have at least 1000000. 00 in wealth to their name only 11 only 12 per cent roughly but what about wall street us that that magical myst
Not, i dont think, yet been read, but i would like to table item 86. President yee okay. Can i have a second . Supervisor fewer second. President yee second by . Supervisor fewer fewer. President yee seconded by fewer. Madam clerk, on the motion to table . Clerk on the motion to table, which essentially renders items 42, 43, and 86 moot before the board [roll call] wi with clerk there are 11 ayes. President yee okay. Motion to table passes. So i guess we should go back to 42 and 43 and read it, call call those two items. Supervisor peskin they may be moot. Clerk they are. President yee so do we need to call . Clerk no, they disappear on the agenda. Theyre only on the agenda because of item 86. President yee all right. So theyre moot. Lets go to madam clerk, can you please read the in memoriams . Clerk yes. Todays meeting will be adjourned on in memory of the late city administrator robert bob passmore. President yee is it okay if we do it on behalf of the whole board . Supervisor peski
Quarter this year but that was mostly through up through really a lot of direct owners and thats mostly through retirement for a one k. Things like that thats not people out earning money on the stock thats people whose businesses or retirement plans through their businesses put their money or start work youre absolutely correct and today when you have a predominance of the American Workforce that is doing gave economy work that means that they are not only in most cases not full time employees and they dont have benefits they also dont have a 41 k. In existence this is it 203040 years ago where people were looking to that you know part of their retirement plans and there are a lot of folks today who dont know what those retirement plans are going to look like and are dont even have enough money in their savings to consider anything related to retire because the bottom half of all earners only one 3rd thats earners as people with a job actually were lucky enough to have only one 3rd ar