and it will be paid through the police department through their existing budget. i am happy to answer any questions that you have. thank you. any questions? i have a question. do you know how many awards for other cases are out right now and we are expecting more payments like this in the future? at this level there are 15 other cases that mayor newsom authorized in 2008, so that s the sort of maximum potential impact. you know this case this murder happened in 2006. the reward was authorized in 2008. this is the only one where the reward is being requested by any individual. and then the money comes out of the police department s budget and it seems like it s is there do we a lot money each budget cycle for up to the 15 or now 14 cases that this might lead to more payments? i am just wondering. it s an excellent question supervisor. the police department s budget has a line item in it for claims and judgments which is where this reward is paid from and it s a
on the fixed rate, libor manipulation was not impacted. we have listed all the city agencies that have a debt portfolio, including the city s general fund, the airport, the public utilities commission, the port of san francisco, and the san francisco municipal transportation authority. we haven t reached out to include external agencies, but we know that the city college as well as the san francisco unified school district has debt portfolio and would fall under this category and would not be impacted. on the variable side of the house, the department is issuing variable rate indebtedness index to libor may have been impacted. in terms of the airport, if it is backed by or index to libor they could have exposure and kevin cohen will speak specifically to the airport s portfolio as relates to that. in terms of the city we have variable rate debt in our portfolio that is not is unhedged and it doesn t have a swap. it is approximately $129 million or 5% of the city s 2.9 bil
liebore scandal and we want to make sure we re doing everything we can locally to try and recover any losses we ve had in san francisco. and this hearing is to explore what those might be and to encourage the city to seek action as well. before i start off, i do have a little bit of humor to add to initiativnrnt this process, goi- initiate the process going back from the report as they reported to the liebore scandal. chair farrell: may we have the computer display. supervisor avalos: want me to start over again? chair farrell: may we have the computer display, please. well, however it s pronounced supervisor avalos: can we start from the very beginning of that section. made some mad jim. the liebore scandal is spreading like wildfire. public outrage is growing over allegations that for years banks all over the word manipulated what s called liebore,. now it s pronounced i bore. however it s pronounced, here s what we know. the british meg bank mar clay ma
afternoon. everyone. welcome to the san francisco board of supervisors budget and finance in the for wednesday, april 3, 2013. i am mark farrell, i will be chairing this committee 1kwr0eu7d by supervisor mar, london breed, scott wiener and john avalos. i would like to thank the members of sfgvtv as well as the clerk of the committee, victor young. do we have announcements? the clerk: please silence all cell phones and electronic devices. copies should be submitted to the clerk. items acted upon will appear on the april 9 board of supervisors agenda unless otherwise stated. chair farrell: thank you very much. mr. clerk, can you please call item one. the clerk: 1. hearing to review the impact of illegal manipulation of the london inter-bank offered rate on san francisco s finances; to explore options to recover any losses; and to review any interest rate swaps or other financial instruments the city is engaged in that may have excessive interest rates or fees that
having an affair. she says you asked her, sir, to enter into an open marriage. would you like to take some time to respond to that? no, but i will. and i am frankly astounded that cnn would take trash like that and use it to open a presidential debate. i am tired of the elite media protecting barack obama by attacking republicans. joe johns is at the republican leadership conference where gingrich is speaking at this hour. joe, gingrich got a standing o when he was asked about that interview. reporter: yeah, he sure did. i mean, this is you can say a lot of things about it, but i think probably the most important thing to say, kyra, is that this is the south. this is newt gingrich s home base. if there s anywhere these charges have been sort of talked about over the kitchen table and elsewhere, it s going to be in his backyard. so this is a new interview, of course, but these are old charges. and one way of looking at it, at least, is that a lot of republicans in this