With any bank, any bank of any size, but i believe that was introduced but not as a resolution for the retirement board. Question, comments, discussion . Call Public Comment. Seeing none, close Public Comment. Is this the last item . We have one more. Next item. Item 21, retirement board member good of the order. I have been asked to read that there is a request from commissioner makras under good of the order. Basically saying that in february 2013 the San Francisco board of supervisors passed a resolution urging devest the holdings in companies associate would possible fuel investmentsism he is requesting our executive drether provide a report within 30 days to the board of supervisors reporting actions taking on fossil fuel investment from february 2013 to date. Report should include details of the investment, investment name, dollar amount drawn down and date, annual gross return, approved by the board, recommendation of investment source. Context of investment. [inaudible] region
And supervisor katie tang. I want to thank our clerk of the committee today as well as asian stocks and jim smith from sfgov tv for covering the meeting. Mdm. Clerk any announcements . Yes please sounds all electronic devices. Thank you very much. While we wait for some paper to be delivered to the committee were skipping over item number one for the moment move on to item number two. Item number two Ordinance Amending Division of the workout to establish a violation for bicycles Share Program bikes left part standing or unattended without a permit for location authorized public works to take enforcement action to abate remove the mice and making appropriate findings thank you. This item was sponsored by supervisor peskin so i will turn it over to them. Thank you chairman templars and thank you for your early support for this legislation for your cosponsorship. As we mentioned at the press conference this is actually the first time that the city of San Francisco is getting out in front
400 billion for infrastructure and green energy projects. But while liberals are celebrating the president s budget, republicans are furious. They say the new spending and taxes represent a liberal wish list lacking bipartisan support. Notably, conservatives also slammed the budgets failure to address ballooning entitlement costs and the growing federal deficit. According to the white house, the president s proposed 20162017 spending would add, get this, 62 billion to the deficit. Question why did president obama propose a budget with no hope of passing . Is president obama playing politics with the countrys budget . I ask you, pat. Pat the president wants to lay out what would be his agenda if he could get it. Its dead on arrival. The republicans arent even going to hold hear osgood n it. The more interesting question is donald trump, the winner of the primary down in louisiana went after the republican ohio state and Republican Senate for having basically capitulated last year and fo
Payments to Government Contractors as the slump in oil prices pushes the country into a deficit for the First Time Since 2009. Francine that is according to three people with knowledge of the matter. They say the Infrastructure Projects have been waiting six months for payment as the government seeks to preserve cash. Manus lets get straight to the middle east and bring in our finance reporter, matthew martin. Good day. Let us through what these measures are run us through what these measures are. They say they are delaying paying contractors give us in context. It is important to remember that saudi arabia going into this period of time with very low debt and huge reserves, but as it comes to the realization that the oil price leave staying at this sort of thel for the mediumterm, government is starting to take some measures to try and reduce the spending levels as it starts to work out what sort of Government Spending, what sort of budget it can sustain Going Forward into the future.
Appetite up there today. Lets have a look at how oil is faring. Liking up amid Political Tension that was a focus on oil and therefore it could see some supply concerns about egypt, russia ongoing. Thosejust going off of highs, the dow backup 46. The united kingdom, meanwhile there is still some search for safety. We are seeing gold remain higher. Back in vogue it would seem after it had been pushed a downward amid the ongoing issues and preemption of the u. S. Mandate would last bring up the overall cost of borrowing and the end of cheap money. But gold is back in logan. It remains so at the moment. Lets have a look at some of the stocks on the move. We do have some speculation out there. Metro is slow to open, all three are slow to open. Upely to rise, it could rise 4 or 5 this morning on the back of a german retailer proposing dividends ahead of analysts estimates. Any had more cash to slash overall growth potential. They are raising the overall dividends. s also as big speculation