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Commissioner avalos . Present. Commissioner breed . Here. Campos . Absent. Chiu . Present. Cohen . Present. Ferrill. Present. Commissioner kim . Kim absent. Commissioner mar . Mar absent. Commissioner tang . Present. Commissioner weiner . Present. Yee. Present. Commissioner kim. Present. We have a quorum. Item two, approve the minutes of the minutes of october, 22, 2013. This is action item. Any comments on the minutes . Seeing none, any member of the public like to comment, we will close public comment. And quickly, we will have a roll call vote. Commissioner avalos . Aye. Breed . Aye. Campos...

Su keenan with the equity markets in record territory as the fed moves to taper qe. Yang yang with a comb i got as thein the Senate Budget compromise passes. Those stories in a moment. First, the Federal Reserve take the first step in unwinding its unprecedented economic stimulus. At one of the final meanings of chairman ben bernanke is tenure, the fed announced it will trim its monthly bond buying starting in january. Peter cook has more on the decision and mr. Bernankes last News Conference as chairman. Let the taper begin. At their final meeting, the Federal Reserve decided to scale ,ack th...

Host that breakthrough year, is something that took leisa the president s press conference. It was highlighted in the paper today. Here is president obama yesterday talking about the economy and his 2014 being a breakthrough year. Up and whathat all it means is we head into next year with an economy that is stronger than it was when we started the year. More americans are finding work ad experiencing the pride of paycheck. We are positioned for new growth and new jobs and i firmly believe that 2014 can be a breakthrough year for america. Outlined in detail earlier this month we know there is a...

And shares my values, and believes the thing i think i have repeated four or five times in this press conference, which is, we get this incredible privilege for a short time, to do as much as we can for as many people as we can, to help them live better lives. And that is what drives them. That is the sacrifice they make, being away from families, soccer games, and birthdays. Some of them will end up working over christmas on issues like iran. The fact that they make those kinds of sacrifices i am always grateful for them. If they say to me after making those sacrifices for 3, 4, ive years, i ...

I also think more incentives to encourage annuitization makes sense. There is an area where economists are more divided than a new it is then annuities. Efficient way of allocating your retirement income. Almost no individual will willingly annuitize. Option of am the lump sum, they will take it and walk away. It is a human nature kind of thing. Annuity turns you from a millionaire to somebody getting income per year. I think tax incentives are something along those lines to an courage to encourage annuitization. It is a high hurdle to get over. Back to listen to the chairmans closing comments...