Additional Public Comment . Open this item . Okay Public Comment is closed. And opening up to commissioners commissioner antonini. This as a very good project and for my purposes consider sacramento a designation a number of stores and restaurant and other things i will go to sacramento for i dont live neighborhood nor is my business in that neighborhood that in and of itself it sounds like a very good improvement restoring the windows and making that assessable to two different ways it will make a more attractive frontage and potential for quite a few of the jobs and i witnessed this all the time where people i know will drive out of San Francisco for a particular product or service and saving 2 thousand people if driving to palo alto is good in keeping tax revenue in San Francisco so i think this is a very good and their also making street tree improvements and staff has already opined this is a retail are accessory so i think i mean there was one speaker that brought that up if that
Here is more. Reporter good evening sharrie, lawmakers want to know if enough is being done to protect drivers from faulty airbags, the japanese maker of the faulty airbags says there is no need to double the recall by expanding it nationwide. Embattled airbag maker, takata, is holding its ground. Telling a Congressional Committee today why they are defying an order from u. S. Safety regulators to expand the recall for the airbags linked to five deaths and dozens of injuries, the airbags exploding with too much force sending shrapnel flying into passengers, takata says its only linked to high humidity. Takata continues to believe that the Public Safety is best served if the area of high humidity remains a priority. But government regulators say there are cases of detective takata airbags outside of the recall. One victim, charlene weaver, bhus family says she was killed in arizona. These are recalls that affect peoples lives, a life or death situation. Now federal regulators demanding
Outperformed by one and a half percent so its not uncommon for people to systematically out perform the h f r i wanted to mention the bad hedge funds, of course, were aware of the newsworthy items that madoff and longer than capital the 10 fraudulent hedge funds almost one hundred mroifldz the 10 largest Fraudulent Companies in the United States add up to one . 5 trillion so more than 15 percent times the size and the Hedge Fund Universe is 3 trillion and the u. S. Market is about 23 or 34 billion so the u. S. Equity market is 8 times the size of the hedge funds market but it has had 15 times in terms of largescale frauds so you know we point to bad apples can be found anywhere it is important to bury through the transparency in research and the partnership whats the incentives of the manager you know so anyways i wanted to to point out in scale it universe is not different than ours. One finally question again i want to make sure we answer any questions out in the audience people have
Happening we talked about the currency overlay it wasnt the same level of oh, i made a mistake i want to communicate fully those kinds of habits go a long way to get truth for the people that have the capital i want to discuss some of the comments by the unions that represent the members this was by terry that we have to trust the exerts let me give you a quote from jfk from the bay of pigs how could i have been so foolish to trust the experts we almost went to uniquely last year war so you tell meer the experts that was the whole problem with the bay of pigs everyone said hey, lets go so beware of the experts and groupthink i want to talk about a few issues i mean weve talked about being able to find the best managers i have to have all 3 a to find the managers and b to accept the money and c they continue their performs so after all the discussion if thats the case we talked about the cal percent and ted opening lose so the chief executive officer said there were recommendations to i
The thing is my pension is guaranteed by the city not by the funding ratio the supplemental cola will do that but the city backs the promises in the charter i believe thats true of every City Employee a member of the system were trying to do something to knock out the drawdowns that occurred in 2008, and 2002 when we dropped blood two periods the discussion about the model of selection of managers it is one important document we must do we control that we must obsolete on and develop thats the guidelines we do that in the private equity if we dont state our guidelines thats where we will address the leverage and the social issues so in the development of guidelines its the first step before we decide who were going to hire and the infrastructure how and when will that be done. Commissioner the sequence of events to asking conduct an rfp, second is conduct a search and then third to retain somebody after those things are done then i envision crafting investment guidelines after we have