Part to some financials like capital one, comerica, synchrony, discover, and wells its self up 7. 5 all session. Up sevenfargo itself point 5 all session. After the initial jobless claims data, a little move in treasuries, now at 61 basis points. Stimulus stems the effect of the covid19 crime is might be infamous, according to mike mayo. He writes in the shortterm, that the potential for wave after wave of support for the economy and unemployed workers. That plus an outlook on banks, which he says show a [inaudible] right now. Lets welcome mike mayo, wells fargo senior analyst. You talk about contradictions in banking right now, one of them being the present versus the past. What do you mean by that . , banks are treated as if it is 2008 in the middle of the Global Financial crisis. Night and day difference for the banks. We do see a contradiction. Today, banks have double the. Mount of equity over 50 more liquidity. They have gotten out of the most risky activities. It has oversight b
Law you heard about oh we cant do anything about adus because the state says we cant. We cant do anything about this because the state says you cant. Youre widening authority is being constantly narrowed by these state projects that are, these state laws that are one size fits all. And that one size does not fit San Francisco. Youve got to find a way to push back on some of this stuff and particularly in the mission we cant have, you know projects that are done with such low affordability and false data. This project assumes their Traffic Studies or whatever 7 deliveries per day. Seven deliveries per day for 60 units. I get at least one a day myself. You know. Seven deliveries a day. And having adequate accommodation for that . Thats just false data. And its wrong. And it should be reexamined and some changes made to this project if it goes forward. Thank you. Thank you. Next speaker, please. Speaker sir with the black shirt i need a speaker card from you. Thank you. Welcome. Hi. Good
About back here about 7 45, please. Thank you we are ready. Okay. Please be seated. Welcome back to the november 6, 2019 meeting of the San Francisco board of appealing. We are now on item number 7. This is appeal number 19085. Our mission no eviction versus the Planning Commission subject property is 344 shortstop 14th street, appealing the issuance to mm stevenson llc of planning code section 329 large project authorization. Adopting findings relating to a large project authorization for the project proposing new construction of a sevenstory, 78 feet at all mixed use residential building measuring 84,630 square feet with 5,890 square feet of ground floor retail use and 606 dwelling units consisting of four studio units, 25 twobedroom, two bathroom units which would utilize the code section 6591565918 and invoke waivers from the Development Standards for rear yard pursuant to section 134 usable open space 135 and height, planning code 268. Record number 2014. 0948. I need to make a di
Clear, i mean, this is like eight affordable units out of 60. Okay . So its not 18 percent. And even 18 percent is way lower than the mission needs. These large state projects that come under state law you heard about oh we cant do anything about adus because the state says we cant. We cant do anything about this because the state says you cant. Youre widening authority is being constantly narrowed by these state projects that are, these state laws that are one size fits all. And that one size does not fit San Francisco. Youve got to find a way to push back on some of this stuff and particularly in the mission we cant have, you know projects that are done with such low affordability and false data. This project assumes their Traffic Studies or whatever 7 deliveries per day. Seven deliveries per day for 60 units. I get at least one a day myself. You know. Seven deliveries a day. And having adequate accommodation for that . Thats just false data. And its wrong. And it should be reexamine
And thats how i see our investments, as an opportunity to make sure that good things happen for people here in San Francisco, and we create a Better Future with these incredible investments. So make sure, all the departments, you spend this money wisely. You dont take pen and paper home that you dont need. [laughter] and you do your very best to show folks in this city that we are the greatest city in the world because we put our money where our mouth is, and because of that, we are able to create a more thriving, equitable, safe, and secure city for all san franciscans. Thank you all so much for being here. [cheers and applause] with that, i would like to turn it over to our budget chair, supervisor sandy fewer. [applause] thank you, madame mayor. Good morning, everyone. Wow. On behalf of my 80,000 residents in the Richmond District, i would like to welcome you to this part of town where our summers look like this every day off mac. But where we are doing good work to strengthen and g