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You may address the board once per agenda item for two minutes. Item number 1, call to order. [roll call] president tsen here. Director dunlop here. Vice president lai here. Director richardson here. We do have a quorum. President tsen excellent. Before we begin, hello, directors and members of the public. Thank you so much for joining us today. I am sorry that we still to conduct our meetings by teleconferencing. And i ask that everybody be patient as there is a lag time sometimes to hear the Public Comment. But our able secretary kate austin will guide us through the process. I would like to start the meeting with a quote, whose life and words inspired so many of us. He wrote a letter which was published and i quote from that letter. He says, ordinary people with extraordinary visions can redeem the soul of america by getting into what i call good trouble, necessary trouble, building and participating in the democratic process a ....
Possibly to those making 40,000 or 80,000 per couple. One in five u. S. Workers have been receiving a boost to the benefits effectively set to expire tomorrow july 25th for most people. Republicans have expressed concerns that additional payment discourages work. Its about the dig dignity and meeting the needs of children. Highest levels of nearly three months. Almost 300,000 initial claims filed in the past week. A 2. 7 increase from the prior week. Since the middle of march, theres been almost 7 million first time jobless claims in california alone. And yelp came out with a survey of business closures during the pandemic saying more than five thousand businesses in the San Francisco, coke land, hayward metro area closed temporarily or permanently. Between march 1 and july 10. San jose, sunnyville metro endured 1700 and restaurants have been among the hardest hit businesses with almost 500 restaurants are out in the bay area closi ....
Employed workers can apply for benefits in many states. It looks like the actual peak in new unemployment claims may have occurred at the end of march and beginning of april. But that is cold comfort when you are still having millions of people applying every week. We will taking out to the governor with that News Conference this afternoon. My friend the governor of illinois, 21 out of the 24 largest student loan servicers in the state of california have agreed to a 90 day forbearance on Student Loan Debt impacting over 1. 1 million californians with loan debt. No burden now placed on them over the next 90 days. No impact to their credit rating, no late fees or fines and actual support in terms of getting new payment plans in place for future processing. I want to again congratulate jb on his leadership organizing this framework of profoundly important to student loan bor ....
Mornings on 2, the nine. We are looking at a pretty picture outside. Its going to be a nice day, you know i know that people are avoiding parks and playgrounds but you can still take a walk around the block. Hopefully you will be able to get outside and go for a short walk. Mike, how are you doing at home . All good. I am privileged and honored to be broadcasting to what my son calls studio m, its his room. When we are all done with this, think about how life is going to change, how quickly are you going to hug someone or shake their hands or jump on an airplane for a quick hall. Its going to take some time. I was reporting on an old news clip and i thought, they are sitting so close. I cannot wait to see you guys again. You would love to hug you guys hello but i do not know if we are going to be doing that. Lets brighten things up by alternating to steve paulson. We are 10 degrees cooler than yesterday at this time but its sunny. Thats the good news. We had a lot of low clouds the las ....