She makes her first appearance since she got her new post. And the french president is set to talk trade and iran with barack obama as the two get down to business. Announcer youre watching worldwide exchange, bringing you Business News from around the globe. A warm welcome. Miss yellen is on the agenda. In the spotlight. Its not officially called that, any more. Not the old hump. Other things on the show cat walk cash. That would be you . That would be me. We find out what the top trends are in new York Fashion Week. Glencore ex strat what has posted higher output. We got chinese copper prices down in twomonth lows. Well have a discussion on that. And were talking about this yesterday, nestle cuts back its stake in lori el. Well get all the details from paris. But first, barclays shares are lower after earnings came down to 5. 2 billion pounds in the Fourth Quarter. The bank says its still increased its bonus pool last year. At the same time, the bank says it will cut another 12,000 j
From the shut tered window retailed storefronts and street corners where at one point a young boy was shot dealing drugs. Other avenues instrumental in helping to establish and sustain these businesses in their incubations by helping to build orders and supply businesses at cost and hang go medley and outer lands cafe. Our generosity in support of these businesses that helped to create a thriving business sector that reclaiming our streets as a destination in flooding the neighborhood with an engaged and savvy dem graphic here not to just spend money but to invest in relationships. It is these relationships that keep me hear. But it said that a rising tide lifts all boats and so has the effects of the outer sunset parklet. And in our own financial profit and loss of our other avenues which is a 1. 4 million business, we have always experienced a dip in our summer. And the locals referred to july as julumber due to the fact that it gets so chilly. And yet since the arrival of the parkle
Basically, you know, the sole proprier one guy running his little business and we were not able to adequately nor they, are able to adequately represent themselves or their perspectives at the may second 2012, hearing. Today many of those Business Owners are present at this hearing and we have letters and you have names up this and others are here to offer the testimony as well. This owner who hosts a parklet at trouble coffee, previously supported the parklet at 3930, and 40 juda and she has since submitted a letter stating that she now opposes the approved parklet. And if i may take the opportunity to display some photos . Can you hear me here . All right. The names that you will see highlighted in the green and the following pages, they are, you know, businesses that contest the parklet as well. But this is on judah street looking west on judah between 45th and 46th avenues. And you can see right about here it is a little bit hard to see, but as a pedestrian island and on the entire
Tourism improvement district, which is a nonprofit. They have a board of directors of the folks who are assessed in the Tourism Industry and other atlarge participants and they work with the city on well, the expansion project. In addition, to the expansion project the assessment district is going to fund a couple other things. Its going to fund a Convention Sales and marketing. So theyll basically be promoting the Convention Center to the conventions that exist internationally and nationally and try to lure them to San Francisco with some of the funds. Theyll have a capital reserve and maintenance reserve for future renovation needs, as well as they operate the assessment district itself. So the construction timeline is 2015 to 2018. And again, the term of district itself for the assessments goes from 2013 to 2045. So with that, i am happy to take questions. It was a really quick and brief overview. I know. But we are really excited to work with the hotels and the tourism and Hospital
The First Six Months its. 5 , but after the First Six Months the assessment rate goes up to 1. 25 of room revenue for zone 1. So they are not going to pay the same as a large hotel would, a small hotel. Its just based on their actual room revenue. But because there is such an increase in their room rates and the demand for their rooms when a convention is in town, that is how they drew the distinction between sort of east of van ness and west of van ness, but the small venues, if they dont have as much revenue they wouldnt pay as much. Has there been any reachout to the smaller operators . Yes, the council are actively doing outreach to all of the hotels. All right. Commissioner riley . Hi. Thank you for your presentation and after the 500 million project which would increase the space, how is that compared to san diego and some of our competitors . How does that compare to the size of their venues . That is a very good question and i will have to get back to you because i dont have th