Lets look at crude oil. Well give you the 10year note yield. There it is. Where are we . Wow. 1. 88 . Lets get to our road map. It starts with you heard meg terrell talking about it. Teva ups the ante proposing to buy mylan 82 a share cash and stock. Both shares on the rise. And a parade of dow stocks starting off with earnings this morning. Well cover it all. Ibm seals fall for 12 consecutive quarter. Is the road map now in difficulty . Want to start off with teva as i go back in my pad and look for notes i took some time ago on the possibility of this because it is complex. Lets give you the news itself. You heard it on squawk box. 82 a share in cash and stock. Making an offer to acquire mylan which would create a giant generics business. Both do a lot of their business here in the good old usa. For its part mylan made an unsolicited proposal to acquire perago, an irish company. All these companies being inverted for tax purposes. Thats working through irish takeover law. It is a pro
And during the time as i hold the office of for the city and county of San Francisco. Congratulations and thank you very much happy new year everyone. Thank you clapping the title is up, go ahead. Okay. The january, meeting of the San Francisco Ethics Commission will now come to order. First thing that i would like to wish all of my fellow commissionerers a happy new year, it is kind of the end of january, but it is still the beginning of the year and we have not seen each other for quite some time and i hope that you had a Great Holiday and it is good to see you again, and happy new year to all of you in the audience as well and we are glad that you could join us today. Roll call . Commissioner renne . Present. Commissioner andrews . Here. Commissioner hur . Here. Commissioner keen, n here. Are there matters that we are going to be discussing or do not appear on the agenda at this time . Good evening commissioners my name is dr. Derek kur a whistle blower, please note bill 496 that to
Adopted by us, at this meeting tonight, unless one of us asked for us to be pulled or to be calendared for discussion. I dont understand that procedure, and maybe someone can explain this to me. I see, a series of rather serious allegations against the high level official in the Public Utilities commission saying that she violated several aspects of conflict of interest, working at a paid commission at another job and lobbied the Public Utilities commission to give contracts that she worked for which would have aamounted to 250,000 that she would have been a beneficiary of that and i wind up agreeing with the stipulation and i have no problem with it and obviously underlying it, our staff must have done a fine job of working on it with the fppc. And in bringing about this stimulation. But, why is it that Something Like this comes to us, and without telling the public and i think that the education of the public, and on this, a high level Public Utilities officials lobbying her own agen
There are no further questions or comments can i ask something . Sure commissioner wynns. I wanted to see and i see mr. Armtrout is here and i dont know when the appropriate time is but to have a hearing on the after school yes. After School Coordination program pending. Supervisor farrell did call for this hearing i believe in november. At the beginning of november i planned to agendize this in february. Supervisor farrell if you have any additional comments but we will make sure that dcyf as well as the School District is there. I am assuming that supervisor farrells office will be organizing the series of presentations along with you because i know commissioner wynns you also sponsored the same resolution at the School District and looking forward to that as well so if we can have a motion to continue the item to the call of the chair i will make sure that we have another presentation from the citys perspective and what is happening with the Developers Perspective and also the citys
Department, and if we go. Off of the document, and into some details about the investigation, we may have to pull back from there. The bottom line in the settlement is that altogether there are several findings of violation of state and local law. For the purposes of simplification they have settled with the respondent for 3500 for a violation of section 8986 of the government code and the Ethics Commission has four counts of finding a violation in here. The first two counts reflect that the same section of the code that has been adopted for the local code and so for the purposes of the settlement, the state portion of the settlement covers the two and for the other two countses, two and three and four where we proposed and the respondent accepted 2500 each for those two and a total of 5,000 local for a grand total of the settlement for 8500 from the respondent and additionally, the respondent has repaid in the figure 17 . Approximately. Approximately 17,000 in salary that she received