Good morning and welcome to the San Francisco county Transportation Authority board for todays meeting of tuesday october 20, 2020. Im the chair, aaron peskin and our clerk is ms. Brittany milton. Please call the roll. [roll call] supervisor ronen this is commissioner ronen, im here, i might have to jump off. Clerk thank you commissioner ronen present. Commissioner yee . We have a quorum. Supervisor peskin Commission Er ronen when you need to leave, just let me know. Well excuse you until you come back. Well go to our Citizens Advisory Committee report. Mr. Larson, the floor is yours. Good morning chair peskin. Vice chair mandelman im reporting on our september 23rd c. A. C. Meeting. There was extensive discussion among c. A. C. Members regarding Program Guidelines, programming and allocation request concerning the Traffic Congestion mitigation tax or t. N. C. Tax. Given it was the first time a request related to this new source of funds, this come before the committee, c. A. C. Member
Multiple seeking challenges in the rise of yonperforming loans, so m second question is on banks. The general counsel discuss the onond containment measures european banks . Thank you. Thank you very much for your question. Tltro is a longterm refinancing scheme that is really intended help the financing of the economy because banks are offered very attractive terms in order and provided that the lind to the economy. It is not that they lend to the economy. It is not that it was a very generous package of refinancing without any conditionalities. The banks are going to only be eligible to the very attractive rate of 100 basis points provided that they lend at least as much as they did to the economy. So that is number one. It is an encouragement to finance the economy. And all sectors of the economy, not just large corporate accounts. It is focused on small and mediumsized enterprises. Through the enlargement of collateral pools, we make sure it can reached the small osborne orders and
This is two hours. [inaudible conversations] the committee will come to order. Without objection the chair is authorized to recess the hearing at any time. Beforere we turn to the substance and then members should during these proceedings in light of the cautions by wearing a face cover such as a mask so i urge unless youre speaking to please be wearing a mask. We are also conducting this hearing which affords Additional Space for those who are physically distant so before we get into housekeeping let me give my best wishes to the president and the first lady for a speedy recovery of covid19. We were all quiteor shocked and distressed this morning to learn of their illness and we hope for a speedyy recovery they are very much in our thoughts. The department of Homeland Security leading dhs office of intelligence and analysis referring to the office throughout the hearing left the committee no choice to issue a subpoena for the hearing today from counsel of the client and then the forme
Twitter and facebook scheduled to testify before the Senate Commerce committee on wednesday. Examine whether that content liability shield section 230 is still relevant and needed. This is one of the days in the market, im not sure what is happening in the overall dow matters so much to the tech story. April sl about flat on some promising iphone 12 order lead times. Then if you look it at the nasdaq zoom is up amazon, etsy maybe thats some halloween eagerness. Yeah, a bit of a mixed bag today, jon you have the stay at home names you mentioned. Tech broadly lower weve got that doubleheader again this week. A hearing following by earnings from the Big Tech Companies. And its interesting, looking at facebook and alphabet this month, theyre actually outforemaniou outperforming the big tech names. Alphabet is up 8 . Facebook up 7 again, we see the theme. The pressure is on in terms of antitrust and regulatory scrutiny yet, the stock prices not really reacting those are the two names that h
Albania anyone who travels by train here should have plenty of time and be ready for surprises. Only a few train still run through the country. Move they travel through stunning nature and along a lonely coast. But its unclear how much longer they will continue to run. The routes are slowly being closed down. And before long passenger trains could be a thing of the past. But for now they are still running. At 40 kilometers an hour. The last train. Its 5 in the morning and vladimir she is on his way to work. The 62 year old has been going to work at the train station into this almost every day for more than 35 years. Or lottie is everyone calls him is a train driver and a mechanic and works for albania state we always. Every very maining passenger train in the country departs from and returns to do this. 5 times a week lottie brings passengers to the north south or east of albania. He is one of the last remaining 50 train drivers in the country. Most of the heavy Diesel Locomotives were