Good afternoon ladies and gentlemen, id like to call the meeting to order. Good afternoon. Welcome this is the this is the regular meeting of the fullfledged Board Meeting for the sfers sfers to my left is vice chair brian and please rise and join me by placing our raise your hand over our hearted for the pledge of allegiance pledge of allegiance pledge of allegiance the republic for which it stands, one nation under god, indivisible, with liberty and justice for all. Thank you mr. Clerk good afternoon call the roll that commissioner cohen commissioner bridges commissioner casciato commissioner driscoll commissioner makras is out of town not expected today and commissioner paskinjordan commissioner stansbury we have quorum can you call item 3. Closed session an action item thank you very much lets see go ahead to take Public Comment seeing none, Public Comment is closed. Ladies and gentlemen, were going to go into closed session and resume at the 2 30 thank you. All right. Good afterno
Town not expected today and commissioner paskinjordan commissioner stansbury we have quorum can you call item 3. Closed session an action item thank you very much lets see go ahead to take Public Comment seeing none, Public Comment is closed. Ladies and gentlemen, were going to go into closed session and resume at the 2 30 thank you. All right. Good afternoon, everybody were ready to resume id like to take a motion not to disclose what was discussed in closed session. So moved. Thank you, thank you motion made by commissioner stansbury and seconded by commissioner driscoll i want to recognize the house has changed roll call vote yes. Commissioner driscoll. Commissioner stansbury okay present thank you. Okay. Great. Thank you thank you very much all right. Folks welcome back i want to thank sfgovtv for broort this meeting i want to recognize our new member commissioner casciato who is returning to the board sworn in tuesday yesterday afternoon and just want to formally welcome you to th
Low volume was a hallmark of trading. We are seeing that again. Julie you get low volume in the summer months. It is about 14 low the average. You can see there is not a lot of movement in terms of one direction or another. The dow is pretty deeply in the red. The s p is not falling nearly as much. We have this recalibration of what the fed may do. They may raise in june or july. The personal spending data is coming out ahead of estimates. Leadingstops have been gains. Consumer staples are lagging today. That is a counterbalance that we are seeing. Lets check in on the first word news. Taylor riggs has more. Taylor president obama is being pressed to speed up efforts to help syrian refugees. The administration had promised to resettle 10,000 refugees. Eight months after the program started, only 2500 have an admitted. Jerry brown is endorsing Hillary Clinton for president. Brown says he believes clinton has the best shot at stopping donald trump. Says while he is impressed with how wel
By the time i took this job in 2015, having come out of the private sector. All the loan funding had been obligated and my principle focus was to ensure we had the best possible oversight practices, one of the first things i did was hire an independent Consulting Firm to do a Risk Assessment of all the companies fresh. Our approach was driven by three unique challenges. First, the challenges coops have had should not be viewed as a co op problem. But as a Small Business startup problem in a very difficult industry. I hazard to say that all the Small Companies experience similar challenges. Co op and nonco op. While we were making loans with companies to 30 to 50 employees, they are competing with companies with multiple thousands of people and worth tens of billions of dollar s in capital. Trial and error is a part of creating success. In this situation, with the limited capital available, and competing against giants. The coops had very little room for error. Second, as mr. Cumaha the
Generating 46 million in proceeds. Beyond our brick and mortar infrastructure is our Information Technology infrastructure in which the government and the Global Economy depends. Reliable i. T. Is vital to all of the services the government provides. However, many agencies are not able to effectively have i. T. Infrastructure, emission writ call systems due to large upfront Capital Investment needs and increasing share of costs that maintaining these older systems occupy in technology budgets. To address these issues, the budget includes requests to establish a 3. 1 billion Information Technology fund, which would be used to retire and modernize legacy and Information Technology systems to improve Cyber Security and the delivery of services as well as reduce costs. In closing, gsa has made significant progress in fulfilling our mission to delivery the best value and Real Estate Acquisition and Technology Services to government and the American People. The president s fy2017 request wil