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Tuesday, august 16, 2016, meeting of San Francisco Municipal Transportation Agency board of directors and Parking Authority Commission Call roll. Yes. Director brinkman director borden director heinecke director hsu. Director nolan director ramos and director rubke. Thank you we have quorum. Item 3 electronic devices. Any person responsible for disruption may be asked to leave the room. Cell phones set on vibrate can cause interference with the microphones, we respectfully ask they be turned off. Item 4 approval of the minutes of the july 19th regular meeting. And the. And is july 21st special...

Meeting. And the. And is july 21st special joint meeting. Okay motion to approve pursue any further discussion . The is have it. Thank you very much. Item 5 communications. Please note we have asked members of the public to ask that certain items are severed from the agenda item 10. 2 and 4, 10. 5 a there c and 10. 6. Thank you. Item 6 introduction of new or Unfinished Business by Board Members. I felt remiss a at the last meeting a geary bart and in our Newport Beach we neglected to mention how much work has been done on that corridor in terms of red transit and the lower superintendent gerre...

You will want to be extra careful through the sunol grade. Speaking of the bay bridge, with metering lights on, the traffic is backed up to the 880 overcrossing. Thank you. Developing news in berkeley, the search is on for a gunman would shot three teens leaving two of them seriously hurt. It happened before 8 00 last night, on Parker Street near san pablo avenue. A 16yearold and an 18yearold are recovering from head wounds, one shot in the eye. The third victim, a 19yearold, was shot in the arm and they are not sure how many they are, hadding for or if they escaped on foot or in a car. San Fr...

In the credit markets which is why tonight i want to walk you through the hidden but bullish changes that helped the market regain some mojo after whats been a thoroughly nightmarish year for the bulls. First we have to recognize this market has been plagued by a pair of stressed out stocks, free port mcmoran and chesapeake, the two most visible black holes out there. Chesapeake has 500 million in debt next month. We heard they hired advisers to reorganize and perhaps fall on that bomb setting up a bad chain reaction. Pay it out of cash on hand and the it line. Also committed to paying 1 billi...

Pay it out of cash on hand and the it line. Also committed to paying 1 billion in debt due for next year perhaps out of asset sales. They have high quality assets. Second freeport sold a 13 stake in the copper mine to metal mining for 1 billion in cash. That gives freefort the flexibilitile to unload other assets to ruse the 19 billion plus debt load. Second black hole. Momentarily filled. Third positive, the high yield debt market is plagued by the decline in sprint bonds, the telco company. Sprints owner announced a 4. 4 billion buy back equivalent to 4. 2 of the market cap. Certainly they h...