The dow climbing 89 points and nasdaq falling 1. 25 . I have to tell you if thats what you thought was happening, youre missing the point of how markets work. Let me put on my defrocking hat and away we go. Heres the truth. We rally because in the absence of any genuinely bad news from overseas. Heres what happens. We focus on whats really going on in the world of profits. Profits are what matter. The rest is all distraction unless it deeply impacts or hurts the numbers. Let me tell you how things play out. An event occurs overseas. Nato perceives this as being threatening to the United States. We know this because somebody tells us so. Instantly the Hedge Fund Managers take action. I happened to be rerouting my hedge fund last night. I think its because these guys are paid to be right all the time. They have to make money on both up days and down days. Mutual Fund Managers who cant short stocks and can just own stocks. Theyre not expected to make money every day. Hedge Fund Managers a
Said he would be a good boy or come rad. The dow climbing 89 points and nasdaq falling 1. 25 . I have to tell you if thats what you thought was happening, youre missing the point of how markets work. Let me put on my defrocking hat and away we go. Heres the truth. We rally because in the absence of any genuinely bad news from overseas. Heres what happens. We focus on whats really going on in the world of profits. Profits are what matter. The rest is all distraction unless it deeply impacts or hurts the numbers. Let me tell you how things play out. An event occurs overseas. Immediately its perceived as being threatening to the interest of the United States in one form or another. We know this because someone in the state department or the president or maybe just some negative analyst tells us so. Incidence tantly the Hedge Fund Managers take action. I happened to be rerouting my hedge fund last night. I think its because these guys are paid to be right all the time. They have to make mo
Gentlemen, the board will come back to order now, please. Here we go. Okay. The next item, item 12 presentation and discussion regarding the work of the mayors 2030 Transportation Task force to develop a coordinated set of Transportation Priorities and identify new Revenue Sources. Thank you. Director. As ive been informed the board since the beginning of this calendar year, the mayor state of the speech identified transportation infrastructure and dealing with the funding needed to resource it as a priority for him for this year. He soon there after established a task force bringing together a wide range of stakeholders to tackle this issue in the same way he brought people together to address business tax and pension reform and Affordable Housing so this comes from a string of successful collaborative efforts to solve difficult problems. Fortunately he tabbed two people in the system and monique, the city deputy controller who really has done the lion share of the work on top of a bi
I want to introduce monique. Thank you for having me here. Its nice to be here. As mr. Reiskin said the task force was created by the mayor and we have members of the task force who represent the operators in the area represent business and labor advocates of transportation of streets head by transit of course and we are trying to come together with consensus to identify the needs for transportation in San Francisco and develop an Investment Plan and come can up with a planning strategy in order to make that a reality at least in part. With that, the task has been coordinating to the transportation authority. We have looked at the county wide plan. Weve reviewed the mtct plan bay area to determine what the needs are for transportation. In taking a look at the Needs Assessment, as you know the organization of Transportation Services that you are in charge of are vast as director reiskin said in 13 billion. Theyre in repair or need improvement. Weve also learned from the Planning Departm
Pension reform and Affordable Housing so this comes from a string of successful collaborative efforts to solve difficult problems. Fortunately he tabbed two people in the system and monique, the city deputy controller who really has done the lion share of the work on top of a big day job to have this thrust upon her and really taken it on. That has been a great thing for the city. Were lucky enough to have monique here and ill give you an over view of where the task force is as it finishes up its work and its a tremendous thing thats happening for San Francisco and the mayor has been able to on reconvene that. I want to introduce monique. Thank you for having me here. Its nice to be here. As mr. Reiskin said the task force was created by the mayor and we have members of the task force who represent the operators in the area represent business and labor advocates of transportation of streets head by transit of course and we are trying to come together with consensus to identify the need