Lendfaction, and we cannot insolvent companies it is clear these are lending bound to implement the laws that Congress Gives us. We cant make grants. That in my raised remarks is that i just want to be clear on that. Ou know, we can do what we can do and we will do it to the absolute limit of those powers. It. L keep at and you i just want people to know that we will be at it with that we authorities have until we get through this thing. We will keep using our authorities. Ut there are authorities that we dont have and there may be a need for those authorities to be used as well as ours. Powell. Hair its heather long from the washington post. I have two questions for you. Timing. Do you plan to launch the corporate facility and main lending facilities in may, early may, anything you can timing . A sense on second in a statement you referred to the fmoca refers to medium term risks from the pandemic. Think unds like you all this is going to be a long recovery, a long road to recovery. C
Francisco committee for human rights in the philippines and i will be reading a statement from aaron lee, brandons brother. My name is aaron lee and i was born, raised and he educated in San Francisco. I want to thank the supervisors and president y for sponsoring this resolution for my brother. He helped others. His work began here in San Francisco where he used his Early Childhood Development Education from the city college of San Francisco to help elementary schoolchildren succeed in their academics in addiction to enjoying outdoor wreck rowation. For the past nine years, he was to protect land, water and air of the Indigenous People in the philippines in addition to documenting Human Rights Violations towards people who are working on various social issues. I am asking for your subpoena or thsupport tohelp brandon be evaa medical team back to San Francisco for his safety and access to specialized medical treatment and rehabilitation from his injuries. He was just transferred to ano
Took this step to help keep the u. S. Economy strong in the face of some notable developments and to provide insurance against ongoing risks. The u. S. Economy has continued to perform well. We are into the 11th year of the economic expansion, and the baseline outlook remains favorable. The economy grew at a 2. 5 pace in the first half of the year. Household spending supported by a strong job market, rising incomes and solid Consumer Confidence has been the key driver of growth. In contrast, Business Investment and exports have weakened amid falling manufacturing output. The main reasons appear to be Slower Growth abroad and trade policy developments. Two sources of uncertainty we have been monitoring all year. Since the middle of last year, Global Growth outlook has weakened. Notably in europe and china. Additionally a number of geopolitical risks including brexit remain unresolved. Trade policy tensions have waxed and waned and elevated uncertainty is weighing on u. S. Investment and
Economy. Well be looking for things affecting the outlook of the u. S. Economy, particularly as it relates to zblrchlts all those things in principle can affect the achievement of our goals its an unusual situation because you know the u. S. Economy itself, the largest part of it, the consumer part of it, is in strong shape the manufacturing part, less so. Overall you see an economy that generally forecast shows growth similar to our own forecast coming in at about 2 . Significant risks to that outlook from not just the geopolitical events but slowing Global Growth. Well be looking at all of that and also Financial Market conditions and how they are affecting the outlook. I cant it is a challenging time i admit it were not on a preset course well be making decisions meeting by meeting as we see this and well try to be as trance parent as we can, as we go. Sparent as we can, as we go with the rate cut today and modest adjustment coming down the road, do you worry about lessening the fed
So i would like to see when i go through all this due processes, if the city is able to provide Legal Assistance for people who have medical laws that have been broken against them. Supervisor yee thank you. Next speaker. If you could please not start my two minutes yet. I have to set up a video. My name is nurse lee. Thank you, board. I am a member of the San Francisco committee for human rights in the philippines. Ive born and raised in San Francisco. Im a sunset kid like brandon lee. Thank you to supervisors mar, haney and ronen. Brandon lee, if you know about his story, he has given his life to the famed rice terraces of the philippines and Indigenous People that have managed this ecosystem for over 2,000 years. Brandon was a volunteer and he not only sacrificed monetary gains but it nearly government him his life being gunned down outside of his home. I was in the philippines when we heard about brandon being attacked. And we went to the General Hospital and i wanted to show you a