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All shapes and sizes, dow plunging 331 points, s p plummeting 1. 3 . Some blame the strong dollars. Others said oil got too low too quickly. In my opinion, way off the market. After a 12 gain many investors are trying to lock in some profits, and i have to ask you, after a 12 gain in the s p, who can blame them . A fitting moment to question the silly preconsumptions that served as alibis all day for the selling we saw as we try to fathom this decline and try and figure out how to make money in the market in the coming next few weeks, if not months. The also perceptions cost you plenty in 2014. When i look at the Lessons Learned from last years double digit game intense fire and ill logical thinking. Let me put it this way, if you listen to worries we heard articulated today and acted on them, you lost big money in 2014. I dont think it will be any different this year. I got ten take aways from 2014 stellar performance, but i got ....
Active in Spectrum Management, in fact, serves on two Advisory Committees, one for the fcc and one for the Commerce Department. What is your role on the Spectrum ManagementAdvisory Committee, sir . Guest well, both of these committees advise their respective organizations on what to do about spectrum in the future. They have, each of them have subcommittees, the subcommittees face very specific problems, things like receiver specs the internet of things. But various issues on which these fcc and department of commerce are looking for input. Host whats your reaction to the 40 billion or so thats currently auctioned on the aws3 auction, spectrum auction . Guest well, i have some strong opi ....
Understood] 275,000 in 1516 of that amount, all 275,000 are ongoing savings. And as i understand it, the department concurs with our recommendations. Okay, thank you very much, mr. Rose. Colleagues, any question for our budget analyst . Okay, on our General Service responsibilities budget, okay, much appreciated. Our budget in general items 7 and 8 will be considered by this committee after Public Comment at the end of this week. So, well move on next [speaker not understood] youre here. Department of technology is up next. Are you ready . We can push you back one if that will be easier. [inaudible]. Mr. Chairman, good morning, supervisors. Im going to give you a little just a scenario on what happened in the last [speaker not understood] fy 14 and talk about fy 15. [speaker not understood]. However you need to handle it, but this is your show. Okay. So, im just going to go ....
And we never had the deputy City Attorney there. So, we often dont have the benefit of that person. One problem weve had for the past two years is we have not had our own seat number 1 has not been filled so we have not had the benefit of our own member attorney. His opinions would also be important for us nonlawyers to hear. Although we did have former member [speaker not understood] was an attorney, too, and it was often he wasnt in seat 1. He was in another seat, but he was very important as well. I guess one of the questions i have is a simple one. What keeps you motivated for this . Well, first of all, this is somebody mentioned, i think former chair grant, there is a very steep learning curve here. So, for the first year or so, i really was constantly just having to do my homework, to listen to members who had vastly more experience than i did, and it took me a good couple of years to really feel that i knew what i was doing ....
Reversed the rules for these [speaker not understood], the 6vote rule. You know [speaker not understood]. It sounds good on paper. In the back of my mind, thats pretty good. But at the end bottom line it was a violation of city charter. To me it seemed sort of ironic that here we have the sunshine ordinance. In charge of all of these rules and yet you were violating a rule. Whether i agreed with it or not, [speaker not understood], i absolutely would not violate that charter [speaker not understood]. So, lets see. All of these thing you heard from kit. We missed several meetings, thats problems we had. We only had 9 out of 11 members. Im not going to go through our statistics again. But i want to mention the good news that many of our complaints [speaker not understood] many of the complaints are solved by the administrator and dont even come to us in front of the task force. And if i can anticipate your next question, though are some of the things that i would like to focus on if i we ....