And mark bunch. Mr. Low, do you have any announcements . Yes. Please turnoff all cell phones and electronic devices. Completed speaker cards and copies of any documents to be included as part of the [speaker not understood] should be submitted to the clerk. Items acted upon today will appear on the december 11, 2012 board of supervisors agenda unless otherwise stated. Thank you very much. Would you call item 1 . Item number 1, resolution authorizing the recreation and Park Department to accept and expend a grant of 870,355 from the San Francisco Parks Alliance for the design and construction of a playground in sue bierman park. Thank you very much. Do we have a representative on this aye fen . Item . Please come on up. Good afternoon, supervisor chu. Good afternoon, supervisor kim. My name is abigail [inaudible] with the Partnerships Division with recreation and Park Department. I am here to talk about the accept and expend grant from the San Francisco parks a likesv in the amount of 8
Item . Please come on up. Good afternoon, supervisor chu. Good afternoon, supervisor kim. My name is abigail [inaudible] with the Partnerships Division with recreation and Park Department. I am here to talk about the accept and expend grant from the San Francisco parks a likesv in the amount of 870,355 which will authorize the recreation and Park Department to accept and expend this grant for the design and construction of a playground in sue bierman park. Id like to spend a few minutes to give you some background on the group thats working on this project and the playground as well. The friends of waterfront playground is a volunteer organization formed by two waterfront neighborhoods, the barbery crist and [speaker not understood]. Currently there are about 12,000 residents and its growing to 20,000, which includes over 1,000 children. In addition to those children, there are 700 children that come to the area every day in Child Care Centers and the ymca camp. However, there are no p
Big dollars pouring in to big deals today with three multibillion dollar mergers, two of the Worlds Largest advertising agencies agreed to merge. France will create a new ad biamus. And the scale and power to better compete for digital ad space. Also today, a big deal in the Luxury Retail space. Canadas Largest Department store chain, which already owns lord taylor is paying about two and a half billion dollars in cash for saks 5th avenue. The company will have 320 stores in some of the biggest cities in north america. A mega pharmaceutical merger, perago is paying for alon corp. , opening the way for it to move to ireland for much lower tax rate and to expand into italy. A smaller deal to tell you about, Sinclair Broadcasting group is buying eight abc affiliates along with a 24hour cable news channel in washington, d. C. , for just under 100 billion. The current owner is the owner of politico. Why is all this corporate buying going on now . Joining us to answer that, richard peterson,
Good evening, everyone. Big dollars pouring in to big deals today with three multibillion dollar mergers, two of the Worlds Largest advertising agencies agreed to merge. France will create a new ad biamus. And the scale and power to better compete for digital ad space. Also today, a big deal in the Luxury Retail space. Canadas Largest Department store chain, which already owns lord taylor is paying about two and a half billion dollars in cash for saks 5th avenue. The company will have 320 stores in some of the biggest cities in north america. A mega pharmaceutical merger, perago is paying for alon corp. , opening the way for it to move to ireland for much lower tax rate and to expand into italy. A smaller deal to tell you about, Sinclair Broadcasting group is buying eight abc affiliates along with a 24hour cable news channel in washington, d. C. , for just under 100 billion. The current owner is the owner of politico. Why is all this corporate buying going on now . Joining us to answer
Very close, though, to going positive. Look at the Dow Jones Industrials average. It was almost like last friday, remember when we had a nice little move in the markets overall . Right at the close, it went positive. It didnt quite happen today. It lost steam late in the afternoon. Scott was talking about dan loebs new position at cf industries. This not only moved cf industries. It moved the whole fertilizer group. Look at cf, up 11 . But agrium, even intrepid, moving up that he has a position on cf. Merger monday. A couple of big names here. Omnicom and publicis, had the ceos down here for squawk on the street. Boy, a surprise. Biggest Advertising Firm in the world, both moves. Modest moves up in publicis. Perrigo buying elan. And another bid, not a big surprise, but an interesting deal, saw lord taylors owner Hudsons Bay Company announcing theyll take saks private, 16 a share, a very big real estate component coming into play for that one. Hertz was in line, but its down because the