Just eight trading days. Riding higher on the back of strong corporate profits. The blue chip index bouncing back on yesterdays fall after breaking 26k briefings. House democrats minority liter nancy pelosi also senator Elizabeth Warren and representative sandy dismissing the gop tax cuts. Is still rolling forward on this tax cut. Now apple is joining 170 other companies now sharing the benefits. Also waiting for a reaction from democrats on that, it is the Biggest Company in the United States. The tech titan says it will spend more than 350 billion on u. S. Economy over the next five years creating 20,000 u. S. Jobs. Its going to bring back most of its cash pile overseas. So the 245 billion bucks back home due to the new lower rate. Going to pay 38 billion bucks in foreign taxes. Plus apple giving workers 2,500 bonuses each. Weve got the details. Plus the dc swamp fight over immigration and now military spending threatening to shut down the government friday at midnight. We break it d
All right. The Ethics Commission is back in session. Were now going to move to the last of the items were dealing with for the amendments to the matter to be put on the ballot in june, and that is behested payment discussion at page six. Thank you, chair. I think i will direct you to the red line version. I think thatll be the easiest way to just look at these, so if youll please look at page 76 in the packet, thats where the first change is that id like to show you. So as you know, the behested payment page six . Page 76, correct. Those are the small numbers on the bottom, not the large. Yeah, its agenda item 4, co come comma, amended item, page 76. Go ahead. Okay. So as you know, the behested payment reporting system that would be created by this ordinance has been narrowed such that disclosure would only be required if a person makes a behested payment and such person is an Interested Party, visavis the city official who is asking them to make the payment. So this version of the ord
Background on that. This language and thrust of this is really a basic tran parency issue. It would provide a way for these who recuse under the law, to do so for a good thing, in order to avoid conflicts. It would give the public a chance to understand repeated recusals, so there would be an opportunity to engage. If there is a repeated recusal, and well get into how this would calculate that, there is a process for the Ethics Commission to review those recusals, and determine if there is a continued conflict that exists for that board or Commission Member, and the commission can recommend that maybe this commissioner should be sit in that role. Its a transparency tool and a way to avoid significant conflict in city decision making. What this would create is a system thats parallel to whats been in service in los angeles for a number of years. Each time a commissioner appears on an agenda, there would be tools for the Commission Member to do that. The form would be filed with our offi
We dont include the board of supervisors there. So i will turn it over to the City Attorney. Thank you, pat. This is something that we took a very close comment following a comment from the first budget and finance committee, and also hearing comments others made around the time about that. I think in hearing the questions, there were a number of questions about what is the reaccusal views purpose, and how would we count this 1 trigger for a review, so i just wanted to provide a bit of background on that. This language and thrust of this is really a basic tran parency issue. It would provide a way for these who recuse under the law, to do so for a good thing, in order to avoid conflicts. It would give the public a chance to understand repeated recusals, so there would be an opportunity to engage. If there is a repeated recusal, and well get into how this would calculate that, there is a process for the Ethics Commission to review those recusals, and determine if there is a continued co
Conflict in city decision making. What this would create is a system thats parallel to whats been in service in los angeles for a number of years. Each time a commissioner appears on an agenda, there would be tools for the Commission Member to do that. The form would be filed with our office, and essentially, its a one to one relationship. If there are three recusals as listed here, filed within a 365day period, or a 1 of all matters that have been appearing on the agenda, that would be something that the commission would then review. And in reviewing that, the commission would look to things like is the number of recusals by a particular commissioner significant . It is the impact of the recusals significant, so these are questions that would be part or could be part of every review, and we envision that would be a report to the commission, the commission would have an opportunity to respond and to be able to have a discussion whether or not there is a repeated recusal in place that w