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Be the next one, this spread. Wti versus brent. U. S. Oil versus european oil getting more negative as we go. That means brent is seeing a nice rally. David President Trump addressed the nation to lay out plans for afghanistan saying the United States will remain committed, but not engage in nationbuilding. President Trump America will continue its support for the Afghan Government and the Afghan Military as they confront the taliban. We are a partner, a friend, but we will not dictate to the Afghan People how to live or how to govern their own complex society. We are not nationbuilding again. David joining us now is bloomberg chief washington correspond ....
On a high note. Next week we are going to be joining you from the conference in a late. Got to live it up in new york city while we can. Time for the newsfeed. Federal prosecutors what bank of america to pay a record amount to resolve investigations into faulty mortgage loans. Than 13is more billion. That is in addition to the 9. 5 billion dollars that they agreed to pay last month for a similar case. [indiscernible] with three small cable tv operators. Adding a service on par with traditional networks. Heres a be able to search for shows on netflix3. For president it is business, not personal. The president made clear that the u. S. And europe are on the verge of imposing more sanctions on russia over ukraine. The president also played down reports of animosity between him and latin american. Listen to how he answered and usual question. Putin ifd say to mr. You were drowning, i would like to think that it in a buddies out there drowning i am going to be a pretty good swimmer. I grew ....
Are tax exempt the 1. 8 million tax exempt for the housing thats the problem in spending them is because of tax exempt we couldnt use them for loans for various reasons and we can get more into the technical part in various ways thank you. Yes, a followup on the question of 1. 8 million are those restricted to project areas . I everything we can come back to this at another time but hi sailing i didnt ero Deputy Director for the record the project exemption is relaxed you can spend them citywide there were some Hunters Point and we can provide for information when the bonds come up for transfer. I have one small i think is it correct question on the budget let me just ask it this way for instance, in the budget part for administration if there are savings can those savings be used for lets say more temporary staffing if we need it beyond the staff lines in the budget how much ....
And again, it allows for an annual be budget so well clarify that language for the mou hates incorporated into ociis annual budget. You can see that has categories ive talked about the financial closing and the Financial Management services inclusionary or funded, limited exit program or certificate of preference and the receptionist services. I did want to point out while the certificate of preference Services Look low on the chart that represents the most cd supervisor times theres an ocii employee we cover 50 percent of that staff persons time to work on that thats not incorporated here thats already in our budget i wanted to clarify that. That concludes oh, im sorry, i was about to wrap up but i want to introduce jeff white hes our new ocii housing manager some of you met him in transbay but also wanted to introduce some key city staff and many, many people that are ....
Department information and Analysis Group in the Citywide Planning Division im pleased to introduce the housing information this is an informational hearing no action will be required. The Housing Inventory was produced in 1967 and has been product with the same consistency and analysis this makes the report the figuring out in its series by the way, were not able to present the 2012 housing analysis last year, weve included copies of the report in our packets. The Housing Inventory and the description of the changes to the Housing Stock is a description of new housing that adds new Housing Stock and demolitions that take away and ever a ne ....