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I would say as a contrasting to the project we just heard, there is public space and retail and other things that sort of integrated into the highly commercial district located in. I would say, i do think i agree, popus has been challenging for us. We have had comment from the public in the past that verifies something that anybody who has been to some of the Larger Hotels can see that they can be hard to find, hard to access. I think a group of youth tried to go to all and some they didnt have access to, some they couldnt find. There are renderings of roof top space in the package regardless. Is that just for hotel guests . Speaking through the chair, commissioner johnson, well build the roof top whether its the popus or not. If the direction is to put it on stevenson, which is where we would prefer rather than the staff recommendation, well still have the same roof deck that you see in the renderings. Thank you. So it sounds like ....
For Fishermans Wharf to succeed, to go from north beach to Fishermans Wharf, we had an area that was dicey to say it mildly the the people who took on an amazing transformation is one of a kind and i think its pride of that success, including giving large numbers of people the ability to be live in decent housing and par take in how good housing lifts you up from nowhere to somewhere. That makes me want to stand with the remaining side, literally the pivotal side of the project to be a housing site. I have walked the site four times since we left, had our meeting and i have gone around it. I have observed it in the morning, in the afternoon, in the middle of the day at lunch. I walk down to the wharf and each time i go by, you can only be proud of this particular part of town. Its amazing. Its a lovely neighborhood and everything about it works. And its for that very reas ....
Elevation to stevenson. When we think of popus, we can put it on market, stevenson, through block or behind the lobby. It breaks the continuity of the Market Street store front and alike. Likewise, the long narrow alley doesnt offer anything but a dark passage way. Initially we didnt like stevenson street, therefore we proposed to put it where you have in your package but staff is right, the way it is in your package is less than ideal. We propose to the commission that you improve this conditional use with a provision that the popus be returned to the roof, the 2400 square feet on the roof is sunny, it has nice views, nice amenities. Its very much the neighborhood pattern. If thats not the preference, we believe we can work out popus on stevenson as a forecourt to the lobby. With that, we would like to hear the thoughts the commission may have on the popus location and other thoughts on the hotel design and we hope for your approv ....
Whole group. Well tell what you. First, the global selloff. Markets everywhere from europe to asia to south america all getting hit over the past month except for here in the u. S. , which despite the recent volatility is still up 1 in that time. We know its a small world after all. Is the u. S. The next market thats about to crack . Guy . The vix closed lower today, we mentioned that last night the warning signs are not there in the vix pete can speak to that the selloff in the hang seng index to me has been very interesting and something you have to continue to watch. I mentioned it because look at where we topped at the hang seng at the beginning of 2008, 30,000 look where weve traded up to and failed over the last couple of weeks the selloff has been pretty quick. Tenyear yields in china have gone up to 4 . Its clear the Chinese Government is tamping on the brakes you have to wonder is that causing some sort of cascade eff ....