One of the key issues this election season. Weve got a debate on whether strong jobs data has been you 00 hiding economic weaknesses. After the bell, a read with American Express, united continental, qualcomm and more. Just to name a few. We begin with oil hitting a 26year high as the president meets in saudi arabia. Just under 43 a barrel today. Significant. Its not as low as we were earlier in the year. 26. Its still not at the 60, 70, 80 that people are talking about. Oil prices are still low. Theyre going to stay lower for a while. And that is causing problems for saudi arabia. And the problems, the kingdom had to slash its budget. We know that. Its also coping with a shrinking gdp. It quietly sold some bonds for cash this year. And downgrading the sovereign and downgrading seven of its banks. While theres also been a struggle to keep cash reserves at a certain level so the Saudi Arabians can keep their currency to a dollar. The ipo looks like its going to have a speedier time line
This is the tuesday, november 18th, 2014, meeting of the plans and Programs Committee of the San Francisco county Transportation Authority. And my name is eric mar and i am the chair of the committee to my right is supervisor commissioner norman yee, to my left, london breed and our clerk is mr. Steve, and could you give us me announcements . There are no announcements could we have a roll call . Item number one . Commissioner breed . We are just going for do the roll call. Okay, got it. Here. Campos . Absent. Commissioner kim . Kim absent, commissioner mar . Here. Mar present. Commissioner yee . Here. Present. We have a quorum. Thank you and i would like to thank charles from sfgtv for tell vicing this today, call the next item, two, Citizen Advisory Committee report, this is an information item. And we have brian larkin. Good morning, commissioners. We had only one action item on our ago ago agenda, for the proposition funds, related to cal train or bart station access, we have some
Francisco. Good morning. Actually, the last couple of weeks ago people have being coming up to me and saying are you i say yes, sir. Im travis to im mayor travis for a few weeks anyway, i want to say thank you, ed very much fewer leadership not only as our director of transportation by certainly the president of nah 0 could im thrilled youre here in the city i know youre about to see if not a lot of the things happening in our city we want to make sure that the themes that you have for the conference about cities and innovations and mobility can be sdeementd so while youre here please make sure you do all you can too walk and bike and take ride sharing obeying be careful on the upper deckerers but i think youve already and if you havent i encourage to go down 0 or to our Transbay Center this is under construction and hell hear it and feel it as we do our central subway well been working hard to get those promotions those are historic projects for our city and the transbay scienter youv
Asked a question about the cost of rehabilitation of cal train, locomotives whether that was a capitol or a operational and maintenance and thite items that we had were for information only and we listened tentatively to them all, shorter agenda for us. Thank you, mr. Larkin and i want to thank you for your thoroughness but also, the staff from the ta for the drop for the minutes, that are very thorough as well and thank you so much for always being here. Most welcome. We will open up this for the public, Public Comment is closed. And colleagues, that was an informational item and so lets call the consent calendar, next item. Consent calendar . Items 3 and 4 and these are considered routine and the staff is not planning to present and prepared to present if desired, any of the items can be moved. I will sever item four because we have one Public Comment card and seeing no other items, lets have a roll call on the consent calendar. Roll call, item 3. Yes. 3, approve the minutes of the.
Program education. Moving on, any new business . 1414daas area plan budget one time only federal state funding increase. Denise cheung could i have a motion to discuss . Second. Good morning president james, commissioners, my name is Denise Cheung today i am very happy to present to you our proposed plan of using the one time only which we call oto to help defaulting programs to increase the grant. With approval we will amend the grant accordingly. The first one is title 3b, supportive services. Can you hear me . Sorry. Your mic is on. This is an enhancement in the federal funding increase this program by 16,539. The funding will be directed to supporting emergency ice program which includes chore, home maker and personal care. The service is currently provided by selfhelp for the elderly. The second category of program is the Ombudsman Program under title 7 a and 3b the amount is only 1,150 and we are allocated it to the inaudible program currently provided by Family Service agency. T