Tenants often require in the lease to say if things are not going the way they had planned or projected, [speaker not understood] they want an opportunity to help out. When the fifth amendment to the current lease was entered into in 2007, bae was not given the option to be able to [speaker not understood] not until january this year. So, that was a six and a quarter year from when that provision was provided. So were carrying forward the same term into the new lease because the new lease is going to be for 20 years. So, we are including an option, new yearly termination until 12 years into the new lease. Here are the proposed key terms of the new lease. The initial term is going to be for 20 years. With a probation for two fiveyear extensions. So, if they do exercise the two extension optionses, we will be looking at a total of 30year lease. The base rent now is being increased by 14 to 1,200,000 in 2015 as a way to enter the lease by the edv of this year. ~ end [speaker not understoo
They started unloading ships at 8 00 a. M. Local here in los angeles. Over on the long beach side as well. I have to say since weve been on the water since 6 00 a. M. We have yet to see a new ship come in or leave, and if are you flying into los angeles, well roll the video. Youll see something very similar to this. It looks still like an armada out there. In the morning midwest it looks reminiscent somewhat of dday. If you lined up all the ships waiting off shore, it would stretch 579 miles. At least the trucks are moving again. It could take until april until all the union locals vote on this tentative deal. Also, all the employer members of the Pacific Maritime association have to approve it. Its a deal which replace the lone arbitrator with an arbitration panel. It raises wages, which the pma say now average 50 an hour. Plus it raises the pension and it continues to provide Health Care Completely free to dockworkers. I have all the confidence in the world that when the rankandfile
Waiting, watching oil prices and developments in greece. But theyre waiting to hear what Federal Reserve chair yellen giving her report on the economy tuesday. Shell face the Senate Banking committee. The House Financial Services committee on wednesday. Investors will be looking for clarity and any hints of when the central bank will hike interest rates, the first hike since 2006. Every phrase will be sliced and dissected. As Steve Liesman tells us there are key words well be watching for. Reporter washington is playing a game of words with feds tomorrow when janet yellen heads to the senate for semiannual testimony. The first word that well be listening for it patience. The word the fed said will be two meetings before it raises rates. If she doesnt use it. Markets will believe that rate hikes could come sooner. Thats what makes the next word or phrase so important. Does yellen say mid year to connote when the feds might be thinking about rate hikes. Committee participants have indica
Developments in greece. But theyre waiting to hear what Federal Reserve chair yellen giving her report on the economy tuesday. Shell face the Senate Banking committee. The House Financial Services committee on wednesday. Investors will be looking for clarity and any hints of when the central bank will hike interest rates, the first hike since 2006. Every phrase will be sliced and dissected. As Steve Liesman tells us there are key words well be watching for. Reporter washington is playing a game of words with feds tomorrow when janet yellen heads to the senate for semiannual testimony. The first word that well be listening for it patience. The word the fed said will be two meetings before it raises rates. If she doesnt use it. Markets will believe that rate hikes could come sooner. Thats what makes the next word or phrase so important. Does yellen say mid year to connote when the feds might be thinking about rate hikes. Committee participants have indicated that in their view conditions
Waiting, watching oil prices and developments in greece. But theyre waiting to hear what Federal Reserve chair yellen giving her report on the economy tuesday. Shell face the Senate Banking committee. The House Financial Services committee on wednesday. Investors will be looking for clarity and any hints of when the central bank will hike interest rates, the first hike since 2006. Every phrase will be sliced and dissected. As Steve Liesman tells us there are key words well be watching for. Reporter washington is playing a game of words with feds tomorrow when janet yellen heads to the senate for semiannual testimony. The first word that well be listening for it patience. The word the fed said will be two meetings before it raises rates. If she doesnt use it. Markets will believe that rate hikes could come sooner. Thats what makes the next word or phrase so important. Does yellen say mid year to connote when the feds might be thinking about rate hikes. Committee participants have indica