You indicate, attempting to quantify the benefits of safety and soundness regulation is very difficult. Mr. Brown who would have wanted this to take longer . Ms. Yellen you indicated that those who are regulated mr. Brown dont say what i indicated but who in this town, who in this country wanted this to take long her ms. Yellen we know banking organizations are concerned with regulations and the burdens they impose. Mr. Brown let me shift to another question, i think senator shelby will be back in a couple of minutes. Some have suggested repealing or limiting the Feds Authority to pay excess. Im concerned this is an attempt by those who are concerned about those who want to limit the feds monetary tools. What are the implications of repealing or eliminating interest on reserves . Ms. Yellen it is the most critical tool we have for Monetary Policy to adjust the level of shortterm Interest Rates and the stance of Monetary Policy. If we were denied the ability to use that tool, first let
Crashed earlier tonight. This is a live look from a vdot camera at mile marker 192 north in lexington the right lane is still closed. The wreck happened just after 5 and now you can see crews are still trying to get the wreck cleaned up. Emergency Officials Say the truck was hauling meat and there was one injury from the crash. And traffic is backed up for 7 miles. This is video just after the crash earlier tonight when the traffic back up was just 2 miles long. Police are continuing to detour traffic around the wreck tonightwe will keep you updated with any new developments. In Pittsylvania County the Hargrave Military School in chatham will be closed tomorrow after the school was threatened on social media. Officials believe it may be connected to isis. According to the Washington Post the private military School Canceled events through the weekend and is boosting security. Police there say theyre treating it as a legitimate. It as a legitimate. In salem tonightparents are parents ga
Thouctiontionv that im cosponsoring a measure today along with mayor lee and along with supervisors yee, breed, farrell, chiu, wiener and martha would require a comprehensive facade inspection, maintenance and repair of certain buildings that are five stories or more to reduce the risk of death and or injury that may result from deterioration on exterior facades of buildings. Deteriorating facades can pose significant threats to Pedestrian Safety and this is an issue that was highlighted following the recent earthquake that impacted much of napa. Not only does this measure aim to reduce Pedestrian Safety hazards before following an earthquake, it also serves to reduce post earthquake facade debris blocking First Responders priority access routes. So, with that i hope to get the full support of the board on this measure. And the next two i have two in memoriams. It was incredibly sad last week that actually there were two district 4 residents that unfortunately passed away due to accide
Please come on up and if there are any other folks, line up against the far wall and we can take you in order. Good morning, supervisors my name is sandesh and i am a principal at sfp data and we are part of the joint venture with corner store and we teamed with them and a handful of lbe contractors, for the larger tier one a and level work because we want our business to grow and oca, had deemed us qualified to handle this work. And there is a few things that i want to make sure that i touch over with you guys. Through this process, that this is, there is a pool of firms that are being selected to be allowed to compete in the Technology Market place. And via the open purpose orders and this is a contact for award for the specific jobs that you guys are that you have in front of you today. A couple of things that you guys have brought up previously is that i want to make sure to address, is the very structure of this procurement in the 18yearold lbe ordinance, placed our team at a Sign
~ 118 fremont street. Colleagues, lets first take item 33 so we can sit as a committee of the whole. We have a motion in front of us. Is there a motion whether we ought to sit as a committee of the whole to consider this item . Seeing none, Public Comment is closed. [gavel] on that motion, madam clerk will you call the roll . He supervisor cohen on item 33, cohen aye. Supervisor farrell . Farrell aye. Supervisor kim . Aye. Kim aye. Supervisor mar . Mar aye. Supervisor tang . Tang aye. Supervisor wiener . Wiener aye. Supervisor yee . Yee aye. Supervisor avalos . Avalos aye. Supervisor breed . Breed aye. Supervisor campos . Campos aye. Supervisor chiu . Chiu aye. There are 11 ayes. The motion is approved. [gavel] and with regard to the hearing itself, item 24, lets open up this hearing. Let me first ask supervisor kim if you have any opening comments. Thank you, president chiu. Colleagues, before us today is a modification to the transbay Redevelopment Area plan that would permit the out