Announcements . Clerk yes. Silence any devices. Supervisor ronen . Call item one. Clerk an site business license for beer at 2149 Chestnut Street for necessity of the city and county of san fran. Hillary ronen hi. Good morning. Inspector nelly gordon with the san fran police. You have a pcn report from marina theater located at 2149 Chestnut Street. They have applied for a type 40 license and this would allow them to sell beer. There are no letters of support or protests filed with abc. They are located in plot 507 which is considered a highcrime area. They are located in census tract 128. 00 which is an undue concentration area. Northern Police Station has no opposition. The following recommended conditions, Sales Service and consumption of alcoholic befrnss shall be permitted between 10 00 a. M. And 1 00 a. M. Each day of the week. All sales of alcoholic befrmgs for consumption in the seating areas shall be made from Concession Stands and shall not be should, served or delivered to c
[inaudible conversations] [inaudible conversations] good afternoon, everyone. Im carin bowen and a senior here the american enterprise. Well conclude this series. We are also us a grateful to the Bradley Foundation of milwaukee wisconsin, supporting this lecture series for more than a quarter century. When peter schuck giving a electric noor washington about hit new book, one nationen decide, Clear Thinking about five hard issues that divide us, we jumped the chance for peteer is one of the cleese expose thoughtful legal and policy scholars of this and or in the generation, a Professor Emeritus of law at jail and an aei visiting scholar in 1979, the year i arrived at aei. The author of among many other books, why government fails so often and how it can do better, understanding america, the institutions and policies that shape america in the world, and then coed it with our colleague, wilson, and finally, meditations of a militant bloggerrist, cool news on hot topics. Tonight copies of
A troubling statistic i discussed in the book is 40 of the sons born to fathers in the lowest quintile of income remain in lowest quintile of income and so demography is often destiny. If you are born to a father who was very polar, theres a very good chance, not overwhelming chance, but a very good chance youre going to be poor as well. To the discussion that poverty relates to blacks and i discuss why that is the case then why much of this discussion can be very misleading. The poverty rate is slightly lower than that of native americans and alaska natives. But more important point is more than 75 of blacks are not poor so the kinds of generalizations and images with warm are unfortunately quite inaccurate, though it is the case that many, too many blacks are born into poverty and will remain in poverty. The most important conclusion that i think analysts of poverty have come through in trying to determine what the trend is is that today, the class gap is even greater than the racial
Microsofts earnings and revenue topping expectations. Results were helped by shares of its offices and server sales. Were going to talk to an analyst who covers the company at k67 40 eastern time. Amazon reported results, as well. Sales grew by a better than expected 24 which investors say bodes well for results this season. We will talk to an amazon analyst in just a few minutes, as well. Lets take a look at todays calendar. The Commerce Department will release two reports. Durable goods for september. Coming up at 10 00, we can wholesale trade inventories and Consumer Sentiment is worth talking about. Andrew, good morning. Thank you, becky. We have corporate buzz this morning, including wa joe was talking about, including twitters ipo is now pegging the valuation of that company at a modest 11 billion. They want to he avoid a repeat of facebooks troubled debut. Maybe theyre pricing it on the low end. Twitter plans to sell 70 million between 17 and 20 apiece. The stock could begin tra