really our credit expansion is the expansion of human problems that the broadening of money if you like further and further away from anything that constitutes underlying real wealth and if you really look at the role of credit that tells you where deflation is going to come from could be placed and it's be messy and chaotic extinguishing of x. that claims to underlying real wealth are let's move on to peak oil the international energy agency has called the i.a.e.a. they recently are talking about global demand for oil continuing. rise whereas production of oil seems a peaked out certainly the cheap oil the oil that's relatively cost effective to get out of the ground we've gone past that point and now all the oil to be found going forward is going to be considerably more expensive by then blow the answer there but big oil. is a working definition of peak oil and talk talk a little bit about it well essentially peak oil is the production maximum it's not a reflection of how much oil is or is not under the ground it's what can you extract and so you have to look at net energy energy retu

well as the driver to the downside i think it was a key driver of expansion that if you bail ability of a key driver of expansion but because bubbles are ponzi schemes and the the timeframe for changes in the financial system is so much shorter than for changes in energy supply in any case finance i regard as the key driver to the downside so i think that actually buys us time in energy terms it at the expense of making it worse later on in energy terms but i really regard bubbles are simply self limiting structures that have to come down they are a house of cards that reach a point where the debt that's created in in a credit expansion is no longer serviceable and at that point you are going to get be extinguishing of excess claims to underlying real well anyway so a lot of people who work in peak oil really regard because the key driver at energy supply is a key driver at all times i would say because finance has a shorter timeframe there are periods of time for instance during cascading collapses in the credit market where it is finance that is the key driver and people who are on

we want this to be a formal expansion. we have done all that, and we are ok with the conditions. you should have before you a letter from urban solutions that was helpful in putting a loan package together through the city to make this happen, so if you have questions, i would be glad to answer them. supervisor chu: thank you. are there any other members of the public that wish to speak on this item? >> ♪ woke up this morning with a license in my hand whose wine white wine what it thickly place design must have been a dream do not believe where i have been come on, item three let's do it again ♪ supervisor chu: thank you. are there any other members of the public that wish to speak on this item? seeing none, public comment is closed. supervisor dufty: make a motion to send this item forward with the requirements as defined by the police department. supervisor chu: we have a motion to move the item forward with the conditions as proposed without objection. thank you. >> item four, hearing to consider the transfer of an off-sale beer and wine license to bobby vardakastanis 1530

the expansion of the available labor force creates opportunities that did not exist before. you have innovation and entrepreneurialism that increases the actual size of small and medium-sized businesses. they consume and that expands the demand curve. you have a dynamic economy for 90% of u.s. born workers that enhances their wages. the other 9% got whacked up side the head with globalization and immigration and everything you can list and they need help. getting rid of immigrants doesn't really help them. the final point is if you look at the last 15 years, 25% of publicly traded companies in the united states are essentially from the bay area region and one out of four was started by an immigrant. we have great data on this because it's all transparent. you can look it up. you can tabulate it. it's all a list of companies that we own, from google to intel, we know these companies. here is what you don't know but you kind of know if you just look around. in the next two years, we'll have much better data on. that is at the small and medium sized, it turns out that same disp

the one little worry here having to do with expansion can be satisfied. even though the manabats might not want that, maybe affecting the value of the property, we can place an n.s.r. on that and say you don't get to expand. sorry. i look forward to other comments. >> you are supporting overturning? >> absolutely. i thought that was clear. >> just asking. >> thank you. i'm sorry. >> well, i can jump in, i guess. i do take a different view. one of the speakers said something about there being no rational basis for the decision . we up here know that our review is no error or abuse of discretion. it is somewhat rare to see all five findings requirement not met on all five of them. i think notwithstanding the comments we have heard so far, we are hard pressed to show the abuse of discretion. we have no rear yard, no parking, the hardship imposed because of this 1975 building having had a variance in order to be built. the owners of the property have already maximized the development, and that is what they did then, and then added to that a couple of years ag

>> well, for us, it will be a challenge to manage the expansion. in other words, compared to our current route network this is about a 25% increase in our expansion. it adds about 8,000 employees to our work force, and we currently have about 35,000 employees at southwest airlines. so we'll need to execute well, we'll need to plan our integration strategy well. and of course we'll be adding a number of new routes, some of those will be stepping away from a sense from what we've been doing historically, we'll add a lot small markets, we'll be adding new international markets. but again i think we're very well prepared to take that on. and we believe that we can add that growth profitably. >> susie: i'm glad you brought up international, because is that the next step with airtran you get access to mexico and the caribbean. >> we're preparing ourselves for international service. so the effort to acquire airtran and then integrate it into southwest airlines will take us several years. during that time we want to ready ourselves to fly international rou

and it was at that point that the police department requested a formal premises expansion, which rates before you today so that we allow for disclosure of what is happening and everyone the opportunity to speak on the matter. the license was reviewed by planning. it is an allowable use. the premises was posted for 30 days on the building and subsequently, there was a 500- foot malar conducted to the neighborhood. to the best of our ability, we feel due process has been served, and that brings us to today in the conditions we are proposing with this approval. >> thank you. -- supervisor chu: thank you, and in terms of conditions being proposed here, whether it is the hour or the noise, were any of these in place beforehand? >> no, they did not have these conditions in the past. supervisor chu: thank you. are there members of the public that wish to speak on this item? >> madame chair, commissioners, -- supervisors, excuse me. i and the attorney for -- i am the attorney for playbar. this is a tough quarter at the corner of mission and six. downstairs, a single-story building with a basem

. >> the rate of expansion increased over the past 4-5 billion years? >> exactly. increasing just about during that period. it was slowing down and now it's speeding up. >> did it slow down because the universe was creating galaxies and stars? do we have a billion galax snes. >> no. about 100 billion. >> can we talk about a galaxee? we have the solar system. it consists of 8 planets now? pluto has been demoted. >> correct. >> if you were over voting on pluto and whether it belonged in with the 3 others they were going to put in because pluto's size was comparable to the 3 others and they ought to get into this union too, how would you have voted? >> i would have voted the way the international astronomical delicacy voted. it was a wise decision. >> how would you have voted? >> the same way. it's bad to be tied up by historical artifacts so science can't progress into the future. >> so if -- that means we have 12 plan snets. >> no. >> you would voted against it. >> i would have voted there are 8 planets that are real planets. >> we can change -- we are really changi

but this sort of expansion, albeit on a smaller scale has been seen before... >>hogan: probably asked the same question about asia in the nineteen seventies when you saw the asia hubs being created with cathay, with singapore, with malaysia next door to singapore. >>clark: there will never be a question of capacity outstripping demand for emirates. in truth withwhat we have ordered and will order we are still short of capacity even when all these airplanes are in place. 15 seconds >>reporter: when talking about the gulf there are no certainties but as the centre of economic gravity shifts further eastwards there are for example 2 billion people within 4 hours flying time of the uae it seems that the new breed of carrier is now cleared for takeoff. >>abirached: burkina faso is one of the world's poorest countries, with a gdp per capita of only 1200 dollars. the country is landlocked and relies heavily on agriculture which employs the vast majority of the population. but an agricultural initiative, with heavyweight backers, is using new technology to maximise eff

in honor of their support of the expansion project. the former owner of the ravens and his wife included more than $3 million. >> and when i saw what we could do from here on with just some help i said, art, we've got to do it because i love the theater. i always have. it brings great joy to people. >> the expansion project creates a number of improvements including enlarging the stage and modernizing the theater's technical systems. it's expected to be completed by fall of 2011. >>> now with a look ahead to abc2 news at 6:00. i'm kelly swoope. a dpreek ship liner -- greek ship liner is fined millions for dumping sludge into the ocean and one of the stops was in baltimore. tonight, we're going to hear from the feds and how they caught the polluter. millions of adults deal with painful arthritis everyday but what if your child was diagnosed with the debilitating disease.xd hear one family's battle. those stories and much more coming up. ♪ storyteller: the itsy bitsy spider went up the water spout. down came the rain and clogged the gu

on the property and not allowed any future expansion. >> i think this board has broad powers and could make that as a condition of approval. >> thank you. >> along the same lines, the manifest building is actually totally nonforming at this point, isn't it? >> yes, because it is completely in the required year yard. rear yard. >> if the lot split occurred, then the front damage of that building would be off of 19th, and the required rear yard would be behind that, wouldn't it? >> i wouldn't it -- believe it wouldn't -- they don't satisfy a rear yard requirement. >> i understand. i am saying if that was a lot, then the calculation of the rear yard would occur from 19th street? >> that is correct. >> thank you. >> first of all, just to make it clear, because michelle hughes is very upset. he he she stood in front of the planning commission pregnant with twins. she broke down crying because people accused her then of not wanting to live in the place she was already living in. that is why she added a floor. it was to add bedrooms for the twins. so this idea that they were developers and gr

the first is expansion of the leasing program. the consequences on your approach to that going forward also. you envision expanding operations extensively into the offshore environment. do have a different process you'd be planning to proceed with on how to consult on baseline science and what areas are of environmental significance and how their expertise ought to be integrated into the planning of a five-year leasing program? in an earlier hearing, we heard there was very little consultation going forward. i am just wondering if you have a different approach based on what we know now. >> commissioner, you raise a very good question. let me make the following point. i of knowledge the expertise they have as an agency and the importance of the department of the interior and myself as secretary to understand that it does occur. it did in fact happened in the last round in the process of developing the five-year plan. much of the many we actually spend on science from what was then mms was spent in contract with the scientists. does

when you have that big of an expansion, what are you going to shoot? the people are going to come to an open area. they said two guys showed up, a guy was drawn out, so he had nothing to do. they don't recognize -- they didn't recognize who the guy was. it wasn't like he was a regular there. they have nothing to do with joey's. an incident happened in their restaurant bar. so i know san francisco. they have a place in the mission. they took a shot down there. it provides a good, safe environment. a bad incident happened. >> we're talking about the builder? >> i came from sacramento. actually, part of sacramento. we have a strong and salsa-type music following. so a lot of us came down here in san francisco to joey's specifically on sunday's. so i know as far as all my companions from sacramento that we really enjoy jelly's. and we'll certainly regret it. all of us have felt safe at joey's, it advocated a clean, healthy, fun environment. i'm not aware of the details. i don't believe this is something that was due to joey's and their way of operation. i'

cost, this expansion is still $6.2 billion and scheduled to finish and 2013. , so but i 680, the hov can now experience a white stripe indicating a new 40 miles express lane. this will go into affect monday, september 16th this is designed for commuters to avoid peak hours, and however, fastrak and used 30¢- $6. commuters, will use this for north, this is going to start and 1 mi. south of 84 in stretches all the way 2680 until the region's highway 237. all the way 2680, and all the way 2237, 40 miles total. >> the oakland old korean town host--40 miles total. 14 mi. >> the new toll road is 14 mi.! >> and this new parolee system is affecting the development of this spring neighborhood. >> the only gun arms police officials have provided additional of and most people supported this a store but some residents are and against it. they have been open for over five decades. ♪ >> sunny and warm this afternoon and we are seeing some patches of fog along the coast. that is what temperatures are a bit cooler and we are maintaining that sea breezes. other than that, temperatures are in the 7

kenney to the expansion of the footprint. this is the sort of thing we do not grant variance for and allow civil remedies to be pursued. if i can make comments about potential violation for having a two-unit home, there may be criteria of whether they are bathrooms or kitchens, but just looking at the house from the exterior only you can tell there are two units on this place, whether it is the doors or the to mail slots that were installed post the construction. i think it clearly indicates this is a two-unit house, especially with the two satellite dishes. most of the time, those are multi-unit apartment complexes. if you want to have tvs that control more than one channel, this solution is separate receivers. you do not have to satellite receivers unless you have separate billing accounts. that is the only situation in which you have multiple satellite dishes. thank you. commissioner hwang: i have a question of you or your client. with respect to the photographs, could you help me out? going to the question that commission

the revision is an upgrade from the preliminary report, but the pace of expansion was much slower than the 5 pst shown from january through march. one factor to push up growth was increased company spending on plant and equipment, which was higher than many forecasts. in other words, the slow pace in cutting inventories. a government official said the economy continues to show signs of a recovery but expressed caution about the future due to a strong yen and uncertainties overseas. >>> tokyo stocks rose on friday morning as the dollar stn. the nikkei 225 ended the morning session at 9279, up 181 ticks or almost 2% higher. export related shares led the advance. u.s. and european markets gains overnight also helped boost market sentiment. in currencies better than expected u.s. jobs data are pushing the dollar higher against the yen on friday morning. it's currently at 84.23-27, while the euro is at 106.58-61. the market was largely unaffected by the failure of japan's incubator bank and here's a look at the latest long-term interest rates, the year on the benchmark ten-year japanese gov

what i meant was would they be allowed to do greater expansions as a result of the split, or whatever rules applied now would continue to apply? >> the rules that apply now would continue to apply. though probably would not not be able to expand the building without an aofficial variance. right now it would be one single family dwelling on each of the lots, and that could theoretically be increased to two on each lot. however, it has not been uncommon to condition it to limit it to only one dwelling unit. >> i noticed in the papers again that it was offered that the hughes property, the pennsylvania avenue property would have an n.s.r., which seems to be unnecessary because it is basically n.s.r.'ed, and they would have to go through the variance process. >> no every variance there would be a special n.s.r. attached to the property. for another variance, they would have required it. if granted, we would have required an n.s.r. >> thank you. >> i have a question. if the properties are subdefied -- subdivided, then the proigs -- prohibition against improving a nonformed structure would