Commissioners, if theres nothing further to commission matters item 3 president s report and amazements. No announcements. Consideration the drifting for the Architectural Review Committee the approval of the draft minutes for the meeting and the Cultural Heritage assets november 18, 2015, there are no speaker cards. Any comments on the minutes. Yeah. A couple on the draft minutes on item number 6 the architects name charles is blowingcy not b l o s z i e. Correct. I think he wants to be identified a question on number 8 about the van ness Rapid Transit on the action it talks about seek a straight co a about 6 months of trolley bowels but i thought we talked about the business shelter itself was something that would come back to us so that should be added both of those things. Okay. Did anybody not public wish to comment oh, sorry. Im shelly i want to clarify the 39 about the final motion the conditions concerning the bus shelter was in the draft motion the only 6 months for the trolle
And i started there. I start i thought i would start by following up what senator hatch talked about, which is new technology that i understand has been adopted in europe. Is that true . Yes. And is it true that in great britain, they have seen a major decrease in these kind of breach as . They have seen a decrease a decrease. They have also seen a shift to the online channel. What is stopping our country when they are doing this in europe . I think they started using this kind of technology back in 2003. What has stopped it from being rolled out on a major basis, and how can we change that . You know, there are many participants in the payment card world that will ensure that transactions are processed appropriately in the u. S. We put devices in our stores to read chips. Cardtroduced a target visa with a chip in it, but without broad options there are not brought adoptions, there are not significant advantages for consumers. You mean other retailers . Others having the ability to rea
Was released publicly. Broad public notification, yes. Notified about the malware and spend the next few days containing, disabling and removing the malware. January 10, we started notifying the public and customers directly. To both companies have policies in place on how you would do this consumer notification . We have several crisis communication plans and we enacted them immediately upon finding the crisis. Know, senatoryou leahy has a bill on some of these notification issues. I think some of the issues senator feinstein raised are worth discussing. We also have to realize that smaller retailers will have different situations than bigger retailers. We recently found out that hotel chains are being affected by this and were going to have to put something in place. Senator hatchhy, has asked to make a small statement before i recognize you. Thank you, senator. Came up todayt starts out by saying that u. S. Intelligence agencies will ask the Obama Administration to check the Governm
Tree the computers have personal and Health Information that included individual names. Dates of birth mailing addresses and Social Security numbers. University as set out notification letters that those were affected. roughly 9970 officers and is a police force is already among the smallest big city departments and the nation. Now as report there are projections that they could lose another 100 officers by 12016 tree theyre hiring trying to cover u layoffs and budget cuts three some people are a movie on for more benefits elsewhere. its own projections by june of 2016 the number of cops like this one a patrolling downtown in else would. The fall by at least 100 perhaps more accounting for retirement and disability issues. san jose is that salinas and other cities have been able to negotiate. So is every day has been a place where officers are choosing not to work. san jose has lost mostly younger officers to better paying jobs and less of three years the city hall finds its efforts to
Need to leave. Any comments on that. Steve, do you want to start . Sure, i can address that. I do not think shifting to a territorial system is right. The two problems that weve highlighted here are earning stripping and the deferred accumulated earnings of these controlled foreign corporations. If we shift to a territorial system in which a u. S. Company is only taxed on its u. S. Source income, and not taxed on its foreign income, there will be all the more incentive for multinationals to strip income from the u. S. Base and shift it abroad. Isnt that the first step and then you deal with all those issues let me finish my answer. So as part of any consideration of territorial, we need to address the earnings stripping issues that were discussing here. One of the observations professor shay made in his article, he wanted treasury to adopt regulations that could fold into tax reform and weve got to address earning stripping and we have to do it sensibly and i think we could fold that i