Grubhub is going public. They are valued at almost 2 billion. That is a lot of orders. We will bring in mike mckee. A lot of people in the markets say the ecb should do something but will not today. They are too cautious. It is not just that inflation is half a percent. It continues to trend lower. A very low rate of inflation hampers the euro zone economy from growing. Mario draghi has a couple of options. They could end the sterilization of the smp program. They add money to the monetary system. The ecb drains it out. That adds more money to the system. They lent money to banks. Or you could do a fed style qe. What about standing with mario draghi . Not publicly at this point. Some extraordinary action might be justified is Economic Conditions continue to worsen. He walks that back a little bit. Their biggest concern is that the euro has continued to strengthen. That is bad for the european economy. We might see an effort to talk. Hem down that columns some of the fears and raises in
Any other questions . Commissioner moran. Thank you chair. We received correspondence suggesting in our effort to fully inform everybody what opt out means that were getting close to a opt in program that would violate state law, and i assume that we have looked at what the limits are that the law imposes on us. Would you elaborate a little bit how what were doing has been shaped to fit within the state law or on the other hand where is there jeopardy for us . So the notification and Education Program survey and early notification portions are the sort of the new pieces that arent required by state law. We are using those outreach efforts, those outreach components to inform who we talk to in the actual statutory opt out phase. We are not suggesting that anyone who is going to be served by cleanpower sf would not receive an opt out notification. Anyone who wishes to participate can participate which sounds like opting in, but we wont enroll them after we have included them in an opt ou
Now, clean energy has to be discussed in the various facets that clean energy is produced. Not only here in the United States but brazil and other areas and to find out really how much does that cost and finally let me say mr. Chairman that we do have hydro electricity as part of this and we need to see how that is implemented. Thank you very much. Thank you. I have additional cards to name . Jessica dur man ackerman and david mccord. Hi. I am Jessica Ackerman and conservation staff with the sierra club and i am here to represent the 30,000 members in the bay area. I want to thank the supervisors for talking about the importance of this program and Climate Change and the importance of the program at for outreach. This is opportunity for Economic Growth but only if it includes local build out and were seeing strong benefits and the installation of clean energy, energy efficiency, and leveraging other regional sources and we are concerned that the pln has a stagnant rate of power on the
Notification. Anyone who wishes to participate can participate which sounds like opting in, but we wont enroll them after we have included them in an opt out process. So i think we have worked with the City Attorney on this to make sure we are accurately understanding our obligation and that our approach is consistent with it. We think it is. And so were not always this careful with our language as we should be, but the actual steps will be anyone who says let me in will receive and be included in the opt out portion of the program. Thank you. Youre welcome. Can i add also the people who are seen in the green area that are saying i dont want to be in the program. They too will be included in the program . Right. And theyre receiving the same opt out required by state law and encouraged to take the right action to be outside the program, yes. Just a similarly we have folks outside the green areas, the deep green areas you want to enroll in the program. What is the actual early plan arou
State law, and i assume that we have looked at what the limits are that the law imposes on us. Would you elaborate a little bit how what were doing has been shaped to fit within the state law or on the other hand where is there jeopardy for us . So the notification and Education Program survey and early notification portions are the sort of the new pieces that arent required by state law. We are using those outreach efforts, those outreach components to inform who we talk to in the actual statutory opt out phase. We are not suggesting that anyone who is going to be served by cleanpower sf would not receive an opt out notification. Anyone who wishes to participate can participate which sounds like opting in, but we wont enroll them after we have included them in an opt out process. So i think we have worked with the City Attorney on this to make sure we are accurately understanding our obligation and that our approach is consistent with it. We think it is. And so were not always this ca