Set to expire august the first. A new report from working partnerships usa and the Law Foundation of Silicon Valley predicts a looming crisis when that happens. We predict and eviction time bomb of 43,000 evictions which is 16 times the normal rate we see in a typical year. Reporter this, in Silicon Valley where rents are among the highest in the nation and when the moratoriums and tenants will be asked to pay back rent too. Most of these low income tenants that have been unable, they have been unable to pay rent, they are going to struggle immensely to pay hundreds of dollars additional each month to be able to pay the back rent. Reporter the nonprofits say there needs to be action to extend the moratorium and to provide Legal Assistance and to get congress to act on rent relief. We see this crisis compounded what was already a very severe housing crisis. Reporter the California Department association believes there is a crisis too, but sees a different solution, government rental ass
Regarding anticipated litigation matters. Motion to go back into open session. Second. All in favor. Aye. I make a motion we dont disclose anything we discussed in closed session. So moved. Second. All in favor. Aye. Pledge of allegiance. I pledge allegiance to th e flag of the United States of america and to the republic for which it stands, one nation under god, indivisible, with liberty and justice for all. Please be advised use of cell phones and Electronic Devices are prohibited at this meeting. Be advised the chair may order remove from the meeting room for any person responsible for the ringing of a cell phone. Please be adviced you have three minutes to make comments unless a shorter period. Item 8. Public comment on items not listed on the agenda. Any Public Comment . Seeing none, Public Comment is closed. Ey item 9. Executive directors report. I am the executive director. My first item. I am very, very pleased moodys upgraded the port Credit Rating from aa3 to a1 in associati
Regarding anticipated litigation matters. Motion to go back into open session. Second. All in favor. Aye. I make a motion we dont disclose anything we discussed in closed session. So moved. Second. All in favor. Aye. Pledge of allegiance. I pledge allegiance to th e flag of the United States of america and to the republic for which it stands, one nation under god, indivisible, with liberty and justice for all. Please be advised use of cell phones and Electronic Devices are prohibited at this meeting. Be advised the chair may order remove from the meeting room for any person responsible for the ringing of a cell phone. Please be adviced you have three minutes to make comments unless a shorter period. Item 8. Public comment on items not listed on the agenda. Any Public Comment . Seeing none, Public Comment is closed. Ey item 9. Executive directors report. I am the executive director. My first item. I am very, very pleased moodys upgraded the port Credit Rating from aa3 to a1 in associati
Matters. Motion to go back into open session. Second. All in favor. Aye. I make a motion we dont disclose anything we discussed in closed session. So moved. Second. All in favor. Aye. Pledge of allegiance. I pledge allegiance to th e flag of the United States of america and to the republic for which it stands, one nation under god, indivisible, with liberty and justice for all. Please be advised use of cell phones and Electronic Devices are prohibited at this meeting. Be advised the chair may order remove from the meeting room for any person responsible for the ringing of a cell phone. Please be adviced you have three minutes to make comments unless a shorter period. Item 8. Public comment on items not listed on the agenda. Any Public Comment . Seeing none, Public Comment is closed. Ey item 9. Executive directors report. I am the executive director. My first item. I am very, very pleased moodys upgraded the port Credit Rating from aa3 to a1 in association with refunding of the bonds. I
Michelle fleury has more. Americans love of lattes and iced coffee helped starbucks through the worst of the post pandemic years. But with high inflation in the us, a cup of coffee is now 5 on average. The big question for investors going into this Earnings Season was would consumers still spend money on elaborate coffees . The answer was mixed. Sales in North America grew 7 , even after the chain raised prices. That figure was below wall streets forecast. Customer traffic only increased by 1 . Most of the gains came from existing customers spending more money. Sales in china, its second biggest market, rose sharply. Same store sales increased a whopping 46 from a year ago. Starbucks remains a favorite brand among chinese consumers. The company benefiting from a rebound after strict covid 19 restrictions were lifted. But the coffee chain said that Wage Increases and investment in its cafes dragged down its overall profits. Starbucks ceo laxman narasimhan, who took over from predecessor