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points on 1-4. and 1-5 and a single at 6. so the staff memo and the proposed changes are in front of you. these were posted as part of the agenda on the website. since last thursday. so i am not sure why anyone would think they didn't have access to them. and so i propose that we would do, discuss all decision points one. and then vote on those. have a discussion on decision points two and vote on those and so on. >> okay, i think that sounds reasonable. and just as a further preface to this. this was a result of what i thought was a productive meeting with the task force in april. w...

but am i correct, we can go back and amend if after the task force comes together again and is able to begin meeting. if they reviewed it and had suggestions we could at that time take them? >> that is my understanding, yes. >> so from my part, it seems in the balance between waiting even further for a process. that everyone is eager to move forward so we can address these matters. than it would be better to act on these and accept any clarification when the task force is able to give it. at that point we may have experience under our belt as well to see how they operate. but at leas...

anything other than the burden issue, the presumption that is different from the two sets of procedures? >> not significantly. the hearing most likely will follow in the same way. >> they are both public and the standard and evidentiary issues and the procedure. seem to be the same. >> the role of the commission/staff is different. >> that is true. the role of the executive director and staff would be very different. >> the comment i wanted to add at the outset was about timing. i agree with you that we have had very helpful conversations with the task force through two cycles of rev...

them in six segments. i appreciate the concern that with 36 decision points we are not able to handle them one at a time. i do have some comments on the first section. >> mrs. studley. >> i have two questions across the decision point and then a comment about the timing. this is a very practical implementation type of question. but i think it slices across a number of these. if an elected official or department head and also an employee who is not a department head are respondents in a matter. it would just help me to know if we would have two procedures using the two different meth ...

talk about that in a second and europe as wellas we have bond auctions beginning to watch and more movement out of spain. you can see moderate green arrows from the ftse, the cac and the dax. bank of japan boosting its asset purchase program by 10 trillion yen sending the nikkei to six-month highs and on the heels of the ecb and fed. will this help the economy? >> the iphone five is good, but is good good enough to keep the market at new highs? we'll have a firsthand look at the new iphone later on in the show. the changing of the guard over at goldman. cfo david viniar is retiring...