In San Francisco, and thank you for joining us [inaudible] inspired by mr. Bennetts duet said album. Please enjoy and have a great day. Good morning everyone. Im elaine forms interim port director. Welcome to pier 80. Thank you for coming out today. We have much to celebrate. We are here to celebrate a 15 year terminal Management Agreement that will bring maritime actaveties back to the port as originally intended. The pier was built in the 1960 as a cargo shipping container port. By the mid1990s we lost market share to oakland and made a decision to stop cargo shipping and move to [inaudible] initially it was strong but [inaudible] couldnt recover from the 1990s recession and many here remember those jobs that were here and saw the economic decline and the impact that it made to families. It was heart breaking. I see there are Many International long shoreman weir house Union Members here. Bob mu cell rath. Officers from local 10, 10, 34, 91 and 75. I see don marks from the master mas
Return today, his children are as is his life partner janet pasha his wife is here today along with his children, george the forth, maureen, michael, jane, mary jane and john. Welcome home to San Francisco, we are so pleased to have you. [applause] the pasha group will build a import and export business that will include preferation of these automotive automobiles. The vehicles will be trucked from pier 80 to Northern California dealerships. The row off row on vessel facility will grow over 3 to 5 years. At full capacity mr. Pasha expects 96 vessel [inaudible] and that translated to about 150,000 vehicles. 50 long shorman [inaudible] and up to 150 additional employees detailing those automobiles so a real Economic Opportunity returning to pier 80. Thank you so much for being here to celebrate this partnership. I know there are pleny fathers and mothers and too many to name but i want to give a special shout out to mow neek moyer, our outgoing director. [applause]. Monique played a vita
Thank you, elaine. Good morning everybody port of San Francisco pier 80 this is where things are happening . You know, beforefirst thing i got to do is thank you the iow drill team. What a great performance thank you as soon as i saw these big hooks i ought to say it first because they can pull me off those hooks real fast. What a tradition. Iow and i learned a lot and learning more all the time, i engage with president willie adams and the commission. What a proud member he is and leader of the union. A lot of history with our city and that is partly why we are here and i know mayor willie brown and former supervisor sofy maxwell we always talk about the promises of the city. I always love saying, we aint making new promises, just keeping the old ones and this is what our Port Commission and education leaders here today and Community Based organizations, this is the what the port of San Francisco is revitalizing these places. Not too long ago we were designing americas cup boats right
[inaudible] initially it was strong but [inaudible] couldnt recover from the 1990s recession and many here remember those jobs that were here and saw the economic decline and the impact that it made to families. It was heart breaking. I see there are Many International long shoreman weir house Union Members here. Bob mu cell rath. Officers from local 10, 10, 34, 91 and 75. I see don marks from the master mason pilots. This is really a day to celebrate labor. [applause] thank you. It has known this is for industrial maritime. The city understands these type of opportunities keep our workforce and city diverse and it is something we need to be intentional bout and fight for. We need to fight for the workers and working families. The Port Commission is here today. I see president adams, the vise president brandon, lesley katz. The Port Commission has been fight toog bring back shipping to this pier and fighting hard. I also see members of the southern waterfront advisory committee. I see
Question who is working at their homes. And big plans for the far east. Norths koreans are celebrating the birthday of previous leader kim jung il. The launch is widely regarded as a long range Ballistic Missile test. People laid flowers at the foot of kim jung ils statue. His birthday is a national holiday. State run tv aired a performance an all women band at an event to celebrate the launch of the rockets. Kim jung il was lauded for making north korea a Nuclear State with the possession of satellites. Vice Foreign Ministers from china and south korea have been discussing how to respond to the recent test and rocket launch. Jong conveyed his opposition to the deployment of the thaad defense system. After the talks, he told reporters he and yen had aagreed to adopt tougher sanctions against the north. South korea says it will enter official talks with the u. S. About deploying the thaad system. It is hoped the country will exercise caution. Gene otani joins us with business headlines.