Including the council of coalition and others and id like to thank planning director rich hillis and planning staff and finally my legislative aid who did a tremendous amount of work on the complex and important resolution. I urge your support in moving this forward today. Unless colleagues have comments or remarks, i move to amend. Mr. Clerk, are there callers on the line . Operations check if we have callers in the queue and ill go over the routine the last time. For those who connected via phone press star added by 3 to be added to the queue to speak. For those on hold wait until you are prompted to begin and youll hear the system inform you your line has been unmuted. For those watching on cable channel 26 or through sf gov tv. Org you can dial 14156550001 and enter the meeting i. D. By 146 706 3442 when prompted then press pound twice and then press 3 to enter the queue for the item and were ready to hear from the first caller if they are also ready. Supervisors, this is david wu
Report has been right for the past 10 years he dumped many of his banking shares and went long gold miner derek the biggest gold miner in the world so max what do you think about this sea change in his portfolio right well it was obvious that he would have to get into gold gold mining gold bullion at some point he had too much cash he was underperforming the stock market for 15 years he had made an enormous mistake in airlines again for the 2nd time in his career took a huge loss. And you never understood Technology Got in very late and hes got a problem now with all the money that he helped bring into existence by having the government bail him out perpetually not not not not in 2008 was a huge bailout of Warren Buffett and they had a print trillions of dollars he used to base the value of this figure of money the u. S. Dollar and the only protection now we have as a way to preserve wealth is to get into gold so this is the 1st foray into gold and dissipate that within 2 years 20 to 3
A recall a building on post street he and a walked on back in guessing 2005, 2006 which presented some very similar issues. It was a tax credit building. And what happened was and this has not happened a lot but it does come up, what happens when you take an Affordable Housing model and allow for protections and plot that on a place where people either were rent controlled or thought they were rent controlled tenant and that raised issues and complications and we worked through that and did legislation and supervisor peskin made clear tenants werent losing the protections even if you overlaid Affordable Housing. Honestly, colleagues, if midtown had been build in 2014 and everyone had come in we wouldnt have that problem and thats a shift in people with rent control protection to another program. Many protections of rent control exists in the program for example eviction protections, you dont need the rent board and frankly theres more loopholes in the rent control that allow people to
Dissipate that within 2 years 20 to 30 percent of the berkshire portfolio will be gold or exposed to gold buffett so burning 90 years you know 90 year birthday you know if you spot a Spring Chicken anymore think charlie monger is a few years old or so theyve got him out think about preservation of capital they may have tons of mistakes now they decide to salvage what they can of course one thing you can point to this and say is that this is part of perhaps is dispute with the fed because remember he did want to bail out the airlines i in a way that would give him a good deal and a bigger percentage of the big 4 airlines in america but who outbid him that was the u. S. Federal reserve they gave no Strings Attached to their free money to the airlines which is basically never going to have to be paid back so of course Warren Buffett then dumped his airline shares and then down to banking shares in the 2nd quarter and while he was buying gold im buying back at half a 1000000000. 00 with th
Severe consequences. Switch Company Roche will role out rapid test that will provide results in 15 minutes. We speak to the ceo of diagnostics in the next few moments. The swiss market watch dog offers a fresh case over the top scandal. Japans chief cabinet secretary is expected to announce hell join the race to replace Prime Minister shinzo abe. Warm welcome to street signs, we have just finished watching the Deutsche Bank chief who warned that it is not likely well see the economy return to precry si levels this year or next he noted how germany has done a decent job managing the economy through the coronavirus pandemic he did warn the large number of zombie firms to come out and have significant affect on germany. Well bring you all things german banking on that later in the show annette will bring us and plenty more on that topic to discuss. I want to push on what one Health Care Story in focus has come on roche. Rolling out new rapid coronavirus tests by the end of the month. Can