Guidance on one of the turns of reference that we approved as a board a little bit more than 9 months ago it was regarding our fiduciary duties around investments if you recall a representative of the treasurers did not come and explain how were a part of the large pool of funds and forgetting but still some outstanding questions at least from a board stand point i think that and over attorney will advise us on we may need to address in addition he wanted to you requested of the City Attorney to give the board kind of and then he hope the public who are here in the audience and those who might see that as a late point about the duty of the fiduciary and the multiple of that board sincerely does indeed guide our action and Decision Making lots of and lots of guidance from the Mayors Office from City Attorneys office how to behavior and not have conflict of interest and so on and so forth annual letters around that stuff some core fiduciary requirements this board has that is unique to t
Topics and we will precede accordingly, i made a request of our City Attorney to while back over a year ago to give us guidance on one of the turns of reference that we approved as a board a little bit more than 9 months ago it was regarding our fiduciary duties around investments if you recall a representative of the treasurers did not come and explain how were a part of the large pool of funds and forgetting but still some outstanding questions at least from a board stand point i think that and over attorney will advise us on we may need to address in addition he wanted to you requested of the City Attorney to give the board kind of and then he hope the public who are here in the audience and those who might see that as a late point about the duty of the fiduciary and the multiple of that board sincerely does indeed guide our action and Decision Making lots of and lots of guidance from the Mayors Office from City Attorneys office how to behavior and not have conflict of interest and
Culture and relevancy and in the 3 criteria that is outlined and i will go ahead and read them the businesses operating in San Francisco are for thirty or more years with no break in San Francisco operations exceeding two years and from the businesses operated for more than 20 years but less than thirty and sill satisfies the criteria the Small Business commission of these this business as significantly contributed to the history avenue particular neighborhood or communities and if not knit in the registry theyll face displacement again even with that criteria we have to remember the mayor or the board of supervisors that makes that determination of the businesses under thirty years the businesses troubled to the neighborhood history or identity of the community and the business is commented to the physical altercations defined including the art formations so section 3 is the business telling their story about those 3 criteria and those 3 criteria and weve asked for them excuse me. To
The futures right now are indicated higher as well. Dow futures up by about 90 points. S p futures up by seven. This is off the lows we had seen this morning. Europe is good too. I think negative Interest Rates reminds me of negative growth. Its too long. Its too many words. We need a new word for these. Some people are writing in to me. What about optist rates. Clever. So japan now has put into effect some outrest rates. Its that simple. Its quicker. Its succinct. Someone suggested that on twitter. The head of the bank of japan said the country is recovering moderately, but they made the move to stop risks by falling oil prices. Did cramer make up f. A. N. G. Stocks . I dont know. They have t. F. A. N. G. Now too. Anyway, they talked about the prices and slowing emerging economies theyve been watching closely. He told reporters that there is more policy ammunition available if necessary, but its hard to think what youd be getting beyond that. Lets tell you about some of the other stor
Partner in monitor breakfast land the past couple years. Shes heading off to graduate school and today is her last breakfast. Jared gilmore, who just graduated from the school of journalism at northwestern will be taking over. As those of you who dealt with her, caitlin brought gace under pressure and unfailing kindness especially to the elderly. To the many logistical tasks these gatherings involve. Thank you, caitlin. [applause] now to the more mundane process matters. As always were on the record here. Please, no live blogging or tweeting. In short no filing of any kind while the breakfast is under way to give us time to actually listen to what our guests says. Theres no embargo when the session ends. As regular attendees know, if you would like to ask a question, please do the traditional thing and send me me a subtle, nonthreatening signal and i will be happy to call on one and all in the time available. Lets offer our 0 guest to make opening comments, hes threatening to make news