That we double up in this category then . You are a consultant. You are giving us advice for now and in the future. So if you believe its going to go up, why was that not in the recommendation that came before the board . Everybody in this room needs to understand that you hold securities in two places. You give them to managers and those managers make the decision on if the security is attractively valued or not. As a consultant, why dont you recommend us investing more money in the field if you think its going to go up . Were not recommending adding Additional Energy to the portfolio unless a manager hired to make that recommendation determines that thats what they should do. Were arguing that you dont take away that choice from them. The figures i quoted to you do not embed an expectation that Energy Prices will increase. What they do embed is taking energy away diversifies the portfolio. You made a statement that were making a political statement. Could you please back that up . My
Melanie louis . I have worked for the city and Health Department the last 30 years, last 18 years in the emergency department. I want to ask all of you to do the right thing. We, who benefit from our pension, dont want our pension money invested in evil. Fossil fuel is evil. Its hurting its hurting what will be left of our planet for our grandchildren and i encourage all of you to vote to divest all of our money from fossil fuels. C. Landry and Carol Brownson after that. I decline to speak. Ruth magony. I worked in the library for the city for 40 years, worked hard for my retirement. Over the last four years, ive been doing research on fossil fuels and investments and though Nelson Mandela said, well, everything that you gave up in the best things from south africa, somebody else picked up, it was still powerful enough a message to south africa and the world that there were disinvestments. My studies have shown that the nonfossil fuel investments have been going up steadily. The social
22 people were killed in the attack in the intercontinental hotel. Nasa tv returned to the airwaves to transmit light images of two to then astronauts International Space station. The International Space station passes over the north. The pacific ocean. Installing a new mechanical gripper on the International Space stations robotic arm. Repairs were because of wear and tear. Its been in orbit since 2001. Operations were largely unaffected by the three day shutdown. Watchial personnel kept at the space center in houston. Powered by more than 2700 journalists in over 100 and 20 countries 120 countries. Im Mark Crumpton. This is bloomberg. Live from bloomberg world headquarters, im julie hyman. Iscarlet im scarlet fu. Joe im joe weisenthal. Julie the s p is at record highs in the 10year is rising. Joe the question is, what you miss . Scarlet an industry led by china, but u. S. Companies may have both winners and losers from this new policy. Regulatory push back, but it may not be all bad.
Would have on pension performance and costs. We appreciate and understand the desire to divest from fossil fuels from different entities, but we must understand the implications of such a decision before its made. Sorry. Time. Thank you very much. Again, everyone has 1 minute. Were going to announce loudly when you are at your 1minute mark. Understand the constraints we have. Sara greenwald, are you present . Seeing shes not here. I will set her speaker card aside. Phil casky, followed by margaret pierce. Phil casky, retired from the Water Department. I think i want to say briefly the Water Department is an incredibly wonderful system. Its one of the most protected systems in the world. And we didnt get that way by being unprotective of the environment. So burning fossil fuels is not protective of the environment. And i would like to keep the water system the way it is and i think that San Francisco can be a leader in many, many ways and by divesting is one way to do it. Thank you. Tha
It is. We will be talking to Carmen Reinhart about it at 8 45. Stephanie greece has had deadlines before. European leaders gave a greek Prime Minister Alexis Tsipras, until midnight tonight. They want more spending cuts before agreeing to a bailout. Greece will not get special treatment. We remain fully engaged in order to help find the solution that will be most conducive to our mission, to try to help with restoring stability, growth. Stephanie wieters can decide how to respond to the greek proposal. Greece has extended capital controls through monday. In china, stocks bounced back after losing more than one third of their value in one month. The best marked shanghai composite index rose 5. 8 . Steve engle has the story from shanghai. Steve confidence and liquidity returned thursday as stocks rose the most since 2009 on a trifecta of announcements from authorities, including on the curates regulator, banning major shareholders from selling for at least six months. The banking regulat