All right, good morning, everyone. Welcome to the San Francisco board of supervisors budget and finance Committee Meeting for monday, june 16th, 2014. My name is mark farrell. I will be chairing this committee. I am joined by Supervisor John Avalos and london breed and well be joined momentarily by supervisors scott wiener and eric mar. Want to thank the members of sfgovtv covering this meeting jim smith and jonathan gum wall as well as the clerk of the committee linda wong. Madam clerk do we have any announcements . Yes, mr. Chair. [speaker not understood] dock youthtionv to be included as part of the file should be submitted to the clerk. Items acted upon today will appear on the june 24th board of supervisors unless otherwise stated. Okay, thank you, madam clerk. So, colleagues, members of the public, today we start the core of our budget season where the mayor will propose the to allow for adequate time for [speaker not understood]. For members of the public that are interested, yo
That mean that exit subway at china town had takes a stair case or escalator. Escalator goes down and they have emergency evacuation stairwells that come out and go to the street. Trap doors in the street emergency hatches from the inside you can open and up get out. There are elevators. There is in the a lot of combustible materialless in the stations. And the trains are not combustible. But as you remember in the 70s there was the transbay tube fire and an oakland worker was killed there is potential for a terrorist event in the under ground things that happened in japan. With the gas release. So there very little there is in the a lot of potential for a fire to occur. Unless there is debris on the tracks that could cause a problem. I derailment or accident that could cause a fire n. Station there are several mezzanine levels large electric ral rooms and yerba buena station thereof a fire in the electrical walls. This was under construction. And the electrical vault at Union Square S
This is al jazeera. Ah hello, im has, im secret. This is the news. Our life from dell ha, coming up in the next 60 minutes. The u. K. Prime minister, under pressure. As a new finance minister unveils plans to reverse most parts of a controversial economic package that will be more difficult decisions. Im a phrase on both tax and spending drone strikes. Hey, ukraines capital keith. But president zalinski says the attacks will not break ukrainians. Ethiopians, government says ill sees airports and other federal buildings in t. Great, but its committed to talks to resolve the conflict. Ah, the fight to stamp out Child Marriage is a campaign is launched in india, which has the largest number of young brides in the world. And im he, december, to the sport with just every month to go to the world cup organizes say, cousins tournament will welcome everyone as a festival of football. It brings the world together. And lets unify everyone here in celebration of whats going to be an absolutely am
Guys, thanks. Gentlemen, thank you. Thank you. Good to be here. Good to see you both. Becky, thank you. Make sure you join us tomorrow. Squawk on the street starts right now. Good tuesday morning. Welcome to squawk on the street. Im Carl Quintanilla with melissa lee, jim cramer and david faber here at the new york stock exchange. Retail sales out about 30 minutes ago, up half a percent in december. Europe also fighting off the blues this morning, as germany has some lower than expected estimates, Fourth Quarter gdp. Our road map begins with a warning this morning from fitch. That the u. S. Could lose its top Credit Rating again if theres a delay in raising the debt ceiling. Fitch said the pressure on the aaa is, if anything, increasing. We are four hours away from facebooks secret announcement in menlo park. So far, the guesses range from a facebook Search Engine to a facebook phone. Would either product help lift the stock back with a high water mark. The debate kicks off whether dell
Smaller enterprises and messaging into households where the experience of the particularly in Housing Finance and Consumer Finance were in a transitional period, where we havent yet figured out what takes place as the Consumer Finance industry, which has been largely destroyed. Its a decent business and you can see examples that have survived. This basic decisions to be made about how much it should be regulated and how much you should be supplied by Financial Services part of the industry and in the memo, and the smaller interest enterprises, the Financial System is weaker, less capacity coming out of the crisis. It is a credit deficit in the community and some Regional Bank that again is a serious Public Policy to address the next couple of years. Thank you. My, what teacher perspective on the short run and longrun, so lets start on the short run because we are right in the middle. We sort of avoided the fiscal cliff. Sad events involving over the next couple and how are these going