Mandelman, stefani, and peskin. I would like to thank sfgovtv for their assistance in broadcasting this meeting. Clerk please make sure to silence all cellphones. Complete speaker cards and provide any documents to be included in the file. Thank you very much. Madam clerk, can you call item 1. Clerk motion ordering submitted to the voters at an election to be held on march 3, 2020, an ordinance amending the business and tax regulations code and administrative code to impose an excise tax on persons keeping ground floor commercial space in certain neighborhood commercial districts and certain neighborhood commercial transit districts vacant, to Fund Assistance to Small Businesses; increasing the citys appropriations limit by the amount collected under the tax for four years from march 3, 2020. Thank you very much. Supervisor peskin. Thank you, chair fewer, and members of the committee. I would like to thank you for convening two special budget and finance committees this week. Of course
If i can take that without objection madame clark, do you have any announcements for us today . Make sure to silence all cell phones. [inaudible] can you please call item number one. Item one, 191033. Ordinance amending the administrative code to create an office of emerging technology within the department of public works; amending the public works code to require a permit to obstruct the public rightofway within public works jurisdiction; amending the administrative code to codify the public works Directors Authority to take official actions, as defined herein, including adopting regulations for the pilot operation of emerging Technology Devices; amending the public works code and police code to provide for administrative, civil, and criminal penalties for unlawful obstruction of the public rightofway, including operation of emerging Technology Devices without a required permit; and affirming the planning departments determination under the California Environmental quality act. We ha
First of all why did you decide to write the book quick. This is my eighth book and in 2000 and wrote a book called the china threat that was called the china threat theory it was amazing that it predicted the emergence of a major threat posed by communist china ever since i wrote the book i tried to do another china book in every publisher that i approached we wont write another single topic. Why was that quick. I dont know with their concerns if it was cell then i dug in my heels to say its time to do it. Another threat from china as it is becoming greater back when the china threat was published. Your book is very timely. Let me ask you about the title. Deceiving the sky. Talk about the second half is very clear and understandable but where does deceiving the sky quick. They are steeped in ancient strategy and many people know of the famous strategist who comes from the warring states air. Theres also a book called the 36 strategies whose author is not quite clear but a compendium o
Gain in both directions, the market clearly banking on a trade deal. Whether stocks go up or down will depend on the details. Keep an eye on the dollar. The direction will be dictated on whether this is a shortterm deal or whether this is a more broadbased deal that resolves lingering trade issues. Crude oil, demand, supply issues. More information on the supply side out of opec, demand still a concern, 1. 43 . Up for a second day. Optionere is a third which is no deal, which would imply sanctions going up on the 15th and more on the 15th of december. The market risk on assets liking the idea that liu he will meet the president. The euro has been gaining ground despite disappointing data. The dollar is down. I want to mention what is happening with turkish assets, stock market trading down by 2 . Bond market, the yields moving aggressively, and the lira is under pressure. Turkey puts more troops into syria, a tense situation emerging as president erdogan says if europe says it is an in
China wanting sanctions from shipping firms to be removed. Termsonal transparency in of how china manages its exchange rate. What is not on the table, any of the big issues the u. S. Wanted resolved at the start of the trade war. Intellectual Property Protection , market access, China Industrial subsidies. Even if we get a mini deal, the question is will that be enough to move the dial . David the bloomberg report is the currency provision will be similar to what we had with mexico. Would President Trump be willing to meet the vice premier if he was not willing to do some sort of deal . Good point. A to me it is surprising the chinese have come at all. Lets think about the backdrop to the talks. We have the nba controversy. We have the u. S. Imposing sanctions on massive Chinese Technology surveillance firms, we have the bloomberg scoop about the u. S. Pondering barriers to dollar flows, portfolio flows into china. The new music around these talks is extremely negative. It would not ha