he is what makes small business week small business week. he has been doing this for nine years, and i feel this man needed to be honored. i am so glad with audrey here with golden gate business association feels the same week. audrey, all yours. [applause.] there are so many things to say about adam and all of the week that you and your -- work that you and your team have done. it is fantastic for all small businesses in the city. i am not sure how we will do it without you. we will make you proud. for your networking resources for the production of small business week, on behalf of all of us we honor small business champion adam strauss. [applause.] >> i wasn't expecting this. thank you very much. it is the highlight to get to build and grow small business week and work with the great committee. thank you very much. [applause.] >> adam is shy and didn't like to be honored. i wanted to give shoutouts in the room. there are a lot of people that make things happen. stand up if you are in the office of small business. i know who you are. stand

they are not small business owners. that is our job. being very specific and direct about what we propose and being mindful of what is practical. there are certain demands you cannot make of the government. it never will happen. finding things that have some probability of being embraced and being specific without prescribing it so they can say you asked for this and say no. you asked for something that looks like this to get there. >> a request for data is not absurd at all. i have been to other hearings for other counties. it is unbelievable to me that san francisco supervisors haven't asked for the data. in every other hearing in other counties the first thing is how many retails are affected, what is the material effect. they do industry reportings. the demographic. they recognize this is an immigrant demographic. our supervisors haven't be done any of that inquiry. >> a quantitative assessment of the business impairment. >> exactly. >> like eyeballing this. this is the small business person in me to do that to quantify and establis

small business commission. it is our custom to begin and end each meeting with a reminder. this is the only place to start a new business in san francisco. the best place to get answers to your questions about doing business in san francisco. the office of small business should be your first stop when you have a question what to do next. you can find us online or in person at city hall. best of all, all services are free of charge. the small business admission is the official forum to voice opinions and concerns about policies affecting small business in san francisco. if you need assistance with small business matters, start at the offers of small business. thank you. first item. >> call to order and roll call. commissioner adams is absent. commissioner dooley absent. (roll call). >> mr. vice president you have a quorum. item two. general public comment. allows members of the public to comment generally on the matters that are within the small business commission's jurisdiction. >> any members of the public wa

small business week is our opportunity to small businesses at the centre to highlight and celebrate small businesses that make san francisco diversity and unique. i want to highlight a few city programs that we have. for the first six months of the fiscal year, our client services are up 15% at the office of small businesses assistance centre. despite some the challenges of doing business in san francisco, there are still san franciscans out there who still have a place and who open new businesses in the city and county of san francisco. raised over $11 million in small businesses and neighborhood assistant grants through a variety of programs including access to capital, the s.f. shine program, disaster relief,ment women entrepreneurial fund, construction mitigation. then my favorite program, the legacy business registry, which now has 181 businesses. 104 businesses took advantage of the business assistance grants to date and the run stabilization grant has helped 29 businesses extend their lease terms with their landlord. you want to give a shot out to two supervisors. supervisor peskin

we have the small business development center, we have the office of small business, small business work that they're doing every day, helping businesses start. we have business sector programs where we are looking at a variety of sectors in the economic, such as healthy retail, we look at convenience stores and liquor stores and how to widen their array of services. we help restaurants, and restaurants open. we're looking at other sectors of the economy in that area. child care businesses, food based microentrepreneurs, night life entertainment, manufacturing and p.d.r., incui incubation, lease services, they have a section that supports film makers, and we do pla employment services, as well, for our businesses. we provide free employment services to businesses for employee recruitment, for training, and for placement. we connect businesses seeking employees with a pool of qualified talented residents. and we also do layoff aversion and placement services for employees facing layoff. we've helped three small businesses this year to date with 109 -- three small businesses, i should say,

on the playing field, you have the small syntax, the small banks -- the small fintechs. the others.nks and host: you write that when it comes to the decline of small businesses that the post-financial crisis maybe had something to blame for that particularly with the regulation of dodd frank and the like. guest: i am very sympathetic to small banks who feel that they really have suffered in the last few years from the burden of regulation. it was much more costly for them than for the big banks. but right now, when i say to the small banks -- what i say to the small banks is, don't look backwards. saying no more regulation, less regulation, the answer is actually, it has to be smart regulation. the questions that are coming at the regulators are really complicated, like, how are you going to figure out what is an algorithm? who owns everybody's data? will we have open banking where you can submit your data to anybody want the way they have in europe and the u.k.? those questions require a different mindset. and by the way, they require our seven regulators will the small

on the playing field, you have the small syntax, the small banks -- the small fintechs. the others.nks and host: you write that when it comes to the decline of small businesses that the post-financial crisis maybe had something to blame for that particularly with the regulation of dodd frank and the like. guest: i am very sympathetic to small banks who feel that they really have suffered in the last few years from the burden of regulation. it was much more costly for them than for the big banks. but right now, when i say to the small banks -- what i say to the small banks is, don't look backwards. saying no more regulation, less regulation, the answer is actually, it has to be smart regulation. the questions that are coming at the regulators are really complicated, like, how are you going to figure out what is an algorithm? who owns everybody's data? will we have open banking where you can submit your data to anybody want the way they have in europe and the u.k.? those questions require a different mindset. and by the way, they require our seven regulators will the small

margaret: small carriers in rural parts of the country already have some of this small equipment in their networks. do you think federal funding should be used to help them replace it down the road? brendan: some of our largest producers don't have huawei equipment in it right now. we're look at does the existing equipment that's in place pose a sufficient security threat where really the only openings we have would be to -- option we have would be to take a that out or not. i saw a report today about members of congress looking at potential funding mechanisms if we have to take that out of the network. host: this has been an ongoing conversation about specifically huawei and china for several years now. is there actual proof that huawei's equipment is corrupt in some way? brendan: we're looking at this. the commission had a case before it involving a company called china mobile, 100% owned by the people's republic of china. they were seeking an authorization to interconnect with the u.s. networks and we saw there some interesting evidence. in part another company, also holy owned by the

this is my second award for small business. i got my award in 2014, you didn't know i would get it again. thank god i'm so blessed and i'm so happy. my kids are here. i work hard for these and i love the community. that's why i'm always here. every time somebody ask for help, i'm always here. if somebody want an advice, they can go to me too. that's why they call me auntie tess. thank you so much for this award. [applause] >> president yee: next up is the great supervisor from district 7, norman yee. that's me. oh well. i want to say this even though my honorees are not here. they are owners of ocean. i want to say this because this probably is the perfect example how difficult dozen run a small business when it's family-owned. when something comes up, it's not going to be able to tear away from the businesses. i want to say this because i want to assess my appreciation to all small businesses and difficulties you have to go through especially family run businesses where it's really hard to tear away from your own business. i h

. >> what we wrote is small business development center and office of small business are also to put together a plan and to come back before the commission. the commission instead of trying to really say we need to be super-perscriptive in this resolution in terms of the economic directions and implications. you are saying go back, work at it and come back if you adopt this and come back before us. in looking at the we are talking about the valuation, i think my recommendation is that we don't be concerned about the bigger implication. that will be looked at and then potentially scaled in a way that will be scaled and the discussions will also be had with the controller's office, mayor's budget office. i just want to say we do have it -- we did put in here the plan should be approved by this body. >> i just don't feel this resolution as currently written puts our best if the forward in terms of making a coherent and actionable recommendation. it leaves a lot to interpretation and doesn't, you know, it is kind of like, hey, we are announcing we feel that we have been slighted but we w

i was at a small town in ohio. those businesses would not be in but forral communities the ability to have a high-speed broadband connection supported by the fcc's universal service program. program, ik at the look at it through the lens of the broader economic impact generated from our support. margaret: you have an idea for a new universal service program. the telehealth pilot initiative. what is the status of that program? mr. carr: it is another area where traveling outside of washington, d.c. has helped form our policies. i was in the mississippi delta. i went to a small, rural health care clinic. who was diagnosed with diabetes. she noticed the first signs of diabetes in herself when she woke up one morning with blurred vision. she saw a lot of results through traditional treatment methods. the clinic had a pilot that center home with an ipad and bluetooth connected blood glucose monitor. every morning, she would get the update to pick her finger, and would send the level through her ipad. it would give her f

with your small business matters, start here with the office of small business. next item. >> item 12, adjournment, action item. >> do we have a motion to adjourn? >> moved to adjourn. >> do we have a second? >> second. >> all in favor? >> aye. >> meeting adjourned. >> let me begin by thanking you all for coming out today to celebrate the opening of this amazing fire station in the western edition neighborhood. i am your public works director, and today is an exciting day, i think not only for the fire department, for the entire city. everyone -- every time we open a new building, we are providing a safer san francisco that will be prepared for when disaster strikes. this new fire station, which was built from the ground up replaced when that failed to meet the building codes today, and first responders needs. the new fire station needs -- meets national accreditation and seismic resiliency standards that serve the needs of the 21 st century san francisco. how about a big hand for this new fire station? i would like to thank the staff and public works, many of ou

on small businesses you said small businesses are able to afford to pay a small amount into the program and actually benefit again from higher employee morale, less turnover and being able to keep talent and actually compete for talent which they otherwise would not be able to. small businesses in california have huge businesses like google and small businesses should be able to compete and retain talent in the same way. >> thank you and thanks for throwing in the part about retention. i have heard from employers in my district from agriculture to healthcare and they are all struggling to find and retain workers which is an important point. you highlighted the cost of replacing an employee and i think it is really important to point out we can't just evaluate the cost of a federal paid leave program by itself, we have to weigh the cost of the whole environment in which you operate. could you talk about the cost associated with losing a worker and finding the replacement worker? >> yes. just to start, finding that employee is difficult but that is the smallest portion. the big portion is

if you need assistance with small business matters, start here at the at small business. >> item one, call the order and roll call. commissioner adams. commissioner dooley is absent. commissioner dwight. >> here. >> commissioner laguana. >> here. >> commissioner zouzounis. >> here. >> a commissioner ortiz-cartagena. >> here. >> commissioner yee riley is gone. >> and number two is public comment on items that are not on today's calendar and suggest new items for the future consideration and discussion item. >> do we have any numbers of the public who would like to comment on any items that are not on today's agenda? seeing none, public comment is closed. next item please. >> ie them 3 is being moved to the next meeting. >> you need to read it. >> recognition of traci teraoka, president of the sacramento street merchants association, discussion item. >> i continue to move this to the next meeting since traci is stuck in traffic and cannot be here tonight. >> second. >> all in favor? aye. next item. >> item 4, approval of legacy business registry applications and resolutions. discussion

market in the philippines small farmers feel for their livelihoods. alone welcome to business asia want to get jones and. beijing says it won't swallow bitter fruit and apps upon it china just announced it will raise tariffs on u.s. goods in response to washington doubling its tariffs on china but u.s. officials warn the trade war is hurting both sides. also on the show pakistan's e.q. is a 6000000000 dollar lifeline from the international monetary fund i meet high inflation and massive debt. and after the opening of the rice market in the philippines small farmers feel for their livelihoods. alone welcome to business asia want to get jones good to have you with us the u.s. china trade route enters a new chapter beijing has just announced it will impose tariffs on $60000000000.00 of u.s. goods from the 1st of june this comes just 3 days after washington doubled to duties on a raft of chinese exports and while the economic saber rattling continues u.s. consume us stands to foot the bill. fish textiles in footwear if they're made in china they're about

lastly, contact information including small business commission, office of small business and legacy business program. thank you. again, we are seeking any questions, feedback. you are welcome to mark up the draft report in the packet and hand deliver or e-mail us. please behind full that we are issuing the report on monday so we will be making changes by close of business on friday. >> there will go up on the website. >> yes, on the website. >> this is great. very well-done. >> the whole report will be on the website when it is finalized on monday. >> thank you. >> well-done. we need to clone you a few times. >> there is no question that this program is really the crown jewel of our commission. thanks to your stewardship, of course. i think it is one. you think about on every dimension the most direct engagement we have with small businesses. they are here. they come here. it is all good, really, some of them we have had some tears on the stage. it is a celebration, direct engagement with over 100 some -- a couple hundred businesses. >> 190 now. >> i think the branding elements are

our smay small business owners contribute -- our small business owners contribute so much to our communities and they have the finger on the pulse of our economy more than anyone else. we should welcome the expertise of these key stakeholders at the cfpb as they continue to do incredible work for the american people and our economy. i urge my colleagues to support this amendment. i reserve the remainder of my time. the chair: the gentlewoman reserves the balance of her time. does any member claim time in opposition? mr. mchenry: i rise to claim time in opposition although i'm not opposed. the chair: the gentleman is recognized for five minutes. mr. mchenry: i thank the chair. the gentlelady from m michigan has offered an amendment that will help ensure that consumer advisory board has a balanced perspective by including individuals who represent community banks, credit unions and small business owners or economic growth experts. dodd frank imposed 4,000 new federal regular rations on -- regulations on financial stewings including smaller institutions that lacked the financial abilities of la

defines small business it is $9.5 million is the cutoff to be considered a small business. >> business-to-business if we are we choired to adopt -- required to adopt new types every seaofreceipt paper is it y available? >> yes, it is available, more expensive. the annual cost of switching paper is minimal. less than a penny worth of paper per transaction then increasing to a pen me plus a bit of a penny. the numbers are very small to convert paper. these are completely compatible with one another. >> does this only include brick and mortar businesses. is there any dimension with online retail delivery considering that is a pretty wasteful industry in terms of paper supplies and receipts. >> like delivery. online retailers have stopped putting packaging slips in. you know, i think that it goes back to the definition of small business under code because just for me looking over, it is a page and a half of the code that de nines small business nothing about brick and mortar versus online. that merits conversation. the thing is like are you a mom and pop? online business with gross revenue under $2 mi

a small we spoke to business group. he was saying that a lot of the consumer sectors, companies like nike, are starting to comment on trade and tariffs. what companies are sectors are you hearing from that are most concerned right now about the environment? who is a little more worried? >> as i have traveled across canada, i met with thousands of small businesses. small businesses, it is a bit agnostic about the concerns. it really is where can i grow and how you are you going to help the? are you going to help me figure out what market to grow into? is it the european union, how can i take it vantage of that? i am eating a bunch of tech companies over the last couple of days in toronto. they are asking me, how can you help me get access to those markets? they are interested in pacific rim countries, europe, the u.s. that is what we are helping them to do. taylor: part of that is continuing to look into china. as the u.s. china trade talks blair up a little bit, can you see your small businesses taking advantage of that

small. small. it could be very easy to use it to just buy things at the store versus something that you really need it for. >> thank you. thank you, mr. chairman. >> thank you, senator. thanks for your work on these issues over the years. i'm excited about the same as all you know i am convinced we can do so much better on our retirement policies in this country. the title of the hearing is challenges in the retirement system. so i know today we are focused more on the defined conservation plans and specifically on private savings. but i will say we've got some of the challenges that a big. the biggest of all of course social security in 2035 only being able to pay 80% of the benefit here that can't happen. defined benefit plans, we got huge issue with full-time for plans and the answer to the question posed earlier by senator wyden unfortunately is not five and half years, maybe even sooner. that's pension benefit guaranty corporation that for those listening, that the federal program that

on small businesses. instead, small businesses are able to afford to pay a small amount into the program and actually benefit. again from higher employee morale, less turnover and as mr. sandkamp said, being able to compete talent and compete for talent which they otherwise would not be able to. you have small businesses in california just like huge businesses like google and small businesses should be able to compete and retain talent in the same way. >> thank you and thanks for throwing in the part of about retention. because i've heard from employers in my district everything from agriculture to health care to the construction center -- sector and all struggle to find and retain workers. that's an important point. mr. sandkamp, you highlighted the cost of replacing an employee. i think it's really important to point out we can't just evaluate the cost of a federal paid leave program by itself. we have to weigh the costs of the whole environment in which you operate. would you talk about the costs assoc

we also help small businesses to offer these 401(k)s. we talked about that earlier, the importance of getting resas passed. this goes beyond resa to provide a generous tax credit to small businesses. when you look at the data about 68% of people who work have access to a plan, small businesses, it's about 40%. among part-time workers as miss ruff will tell you it's worse. we have to get more small businesses engaged. we have a number of provisions to do that. we also have something to expand retirement savings for low-income individuals. look at the data on who is saving and not, lower income individuals makes sense, they don't have the disposal income they're not saving as much as they have to and should we have an expansion of the saver's credit to do that. to provide more certainty and flexibility for people in retirement. a lot of you know about the minimum required distribution rules when 70.5 you have to take your money out. that was put in place at a time when our longevity tables were different. people are living longer. i talked

this -- these businesses are small, very small owner operated enterprises, and most of them are health and personal services including acupuncturists, massage practitioners and tattoo artists. they think closing over 100 small businesses on the same block all at once would have been an economic crisis in the mission. our neighborhood is already severing from the displacement of hundreds of small businesses and thousands of working-class residents due to gentrification they will prevent the displacement of these businesses by providing amnesty to them under the planning code. it will allow the business is currently operating at the space and who hold documentation that they have been there since before january. these need to be considered legal, nonconforming uses, and thus allow them to remain in the building as long as they can file all of the appropriate permit applications and they can stay there for ten years. we also want to be very clear that we are actively working to protect art and manufacturing spaces, which that building as -- is zoned at. light manufacturing businesses prov

it has 8000 small guys. the first question was how do you do something for these people that can actually can help them to scale. and most of these designers and small merchants in the flea market, they have never used a complicated system. i quickly realized you have to save people money or make people money, and if you can make them money and make them more and give them greater access to opportunities and customers, you can get on board with that pretty quickly. haslinda: great idea, but you were 23 when you had that idea. i mean, as much as it is an advantage, but when you are trying to build a company, that must've been problematic? ankiti: it is definitely when i now think back, it was a difficult time in our lives, but in that moment, we were maybe five or six of us at the time, complete dreamers, completely idealistic. thinking, hey, it is such a big market. what can go wrong? let's try it. and we just went for it. haslinda: you pumped in $30,000. your money or your dad's money? ankiti: all my own. c

these are in very, very small sparsely populated areas. typical density we serve could be 20 pounds per mile or less, and even less nowadays as our members are driving broadband deeper and deeper into the service areas. these are not the urban centers we think of, new york, los angeles, chicago, but small towns that are important where our members live and work and where it's so important for them to provide broadband to these committees that desperately need it. >> host: david heimbach, give a snapshot of shentel communication. >> guest: chinchillas 150 note company based in edinburg virginia in the western part of the state of virginia. we operate across seven states in the mid-atlantic region. we have three segments lines of business, wireless is our largest, about two-thirds of our revenue and earnings and then we have a cable segment and wireline segment. we have just over 1000 employees at shentel and we do a little over $600 hundred dollars a year in revenue. >> host: you say your wireless business is two-thirds. how do you operate

ticket small business and small lending banks were kind of forced out of. we have been working to bring banks back to that space in the last year and a half. it has been served by online vendors. also the things we are doing to open up opportunities in economic areas that are distressed would be helpful. but i think chairman hood's point about how these are well underwritten loans, that is what is in the market today. this is arapo: question for you, mr. quarles, there has been a reference to the letter sent out in the last day or two from a number of former fed members, particularly ben bernanke and janet yellen. wasn't that letter referencing a rule? mr. quarles: yes, it was on the proposal of stability regulation. chairman crapo: and with regard to -- other than the activities spaced focus less activities based focus, which i think is a risk-based focus rather than in numbers-based focus, does the letter referred to the implementation of senate bill 2155? mr. quarles: no, it is focused entirely on that one measure. chairman crapo: that is what i thought.

airborne troops must be employed in mass and the bulk of the force landed in as small an area as possible. the use of highly trained teams dropped in advance to mark dropping zones and glider landing zones is essential. procedures must be prescribed which will ensure that troop carrier aircraft on course at proper altitudes and correct time schedules are not fired upon by friendly forces. power pilots and the staffs of operational training groups, which were committed to the united kingdom, were trained in flying procedures of the united kingdom before they left the states. ♪ ♪ ♪ low flying was emphasized, designed to prevent early detection by the enemy. air crews had to fly through a corridor pinpointed by search lights. every aspect of operations in the united kingdom, flying control, air/sea rescue, supply, british navigation, weather, all phases of training were covered before the units departed overseas. ♪ maneuvers ended with gliders landing in small fields, similar to the potential landing zones in france. live loads are in the gliders. ♪ ♪ ♪ ♪ airborne troops cont

leave eric's. 2 small performance. the big headed and isn't just a dunce it's also a biology some a lesson in jungle survival children must remember that these ants a dangerous. well lead isn't gentlemen you have to know one thing when henry ford built a town in the middle of the amazon and. fordlandia he made 3 big mistakes here for beating women alcohol and soccer if you want to become an enemy of a brazilian man or even the brazilian woman you just for me this 3 thing and you will have the greatest problem when the world. food bill is so important in brazil . sometimes people from all social classes any a social layer actually know each other and surprisingly. that you can see people cancel in business meetings just to go and meet dear friends they played soccer with in beer childhood so today they're still meeting like that and sometimes they remember some person just because they played soccer with their father or someone and it helps sometimes to build their own career actually. looks like eric is not in his best

fields and all that doesn't serve any purpose anymore you can a burn their ways because of the the small and all the pollution bulletins so you idiots corsi and pay for research and police to send their wishes to pull countries simply because the poor countries have no choice may be going to be silly to their economy the top 5 exporters of plastic whereas last year the usa germany japan the u.k. and belgium are among the world's wealthiest countries china used to account for around 50 percent of the world's plastic imports on till it issued an all out ban and 2017 since then malaysia has become the world's number one plastic wisdom porter followed by tightened vietnam hong kong and the us. much of the plastic waste that's been arriving in malaysia for the last year can't be recycled making it more likely that it will simply be dumped one day. lease you membered there where you put blue went by the word you will pollute goodness or the world's will tile and feared now are expected to soon follow malaysia's ban but the flow of plastic west probably won't stop as a result wealthy countries

it has a thousand small guys. the first question was how do you do something for these people that can actually can help them to scale. and most of these designers and small merchants in the flea market, they have never used a complicated system. i quickly realized you have to save people money or make people money, and if you can make them money and make them more and give them greater access to opportunities and customers, you can get on board with that pretty quickly. haslinda: great idea, but you were 23 when you had that idea. i mean, as much as it is an advantage, but when you are trying to build a company, that must've been problematic? ankiti: it is definitely when i now think back, it was a difficult time in our lives, but in that moment, we were maybe five or six of us at the time, complete dreamers, completely idealistic. thinking, hey, it is such a big market. what can go wrong? let's try it. and we just went for it. haslinda: you pumped in $30,000. your money or your dad's money? ankiti: all my own. c

jewish aid organizations had settled in munich smooshed rasa and around them lots of small stalls in shops servicing a large black market. holocaust survivors from eastern europe who were waiting to travel on to israel or the us sold some of the russians they received in their transit camps. the american occupiers turned a blind eye. so i saw him that he is your dishes leave jewish life was bustling there you could almost say it was a small town there were restaurants and a synagogue so it was like a real jewish village and of course there were many small stalls where they traded . and a lot of people not just jews came to buy things they couldn't get elsewhere to come and see to us a call for it was a good thing that the people there could earn a little extra money. that is at the mention could get turned this is the 1st of $215.00 come. back. and plan. been found. and found. a. life in the west and zones of 949 was still tough but people wanted to enjoy themselves again even though the past was still very close everywhere. in a. plane to catch a major sporting event after a 15 year

while we are a relatively small company relative to our peers, we still have plenty to do. and so getting in and turning switches onipping the interference of someone's consumption of their chosen content on the internet is just not something that is either in our interest or would be something we would even have time to do. issues the net neutrality . and issue -- c-band issue and spectrum issue, we are very interested in how the spectrum options, particularly in mid-band, unfold. spectrumupcoming option and whatever ends up happening with c-band, those two spectrum blocks are contiguous in nature and are well .ositioned for 5g candidly, 5g is not going to make a big impact rural america. that is a technology that is largely going to be deployed in dense urban centers. it is designed more for capacity, network capacity ofief to augment the ability consumers for whatever, the internet of things, applications in the future that may put demands on wireless networks in dense locations and environments, and that is inconsistent with how that spectrum might be deployed in rural

of small business. karen mills, thanks for joining us. delighted to be here. >> could you remind us, what's the the goal, the purpose? >> the sba is really one of the jewels here in washington. we uniquely in the united states have an agency like this. the flagship program is about getting loans out to small businesses, and this was particularly important. i actually got this position ten years ago right at this time i was unanimous ly confirm by the sense. and that we were in a credit crisis, banks had stopped lending. we were able to raise the sba guaranteed rates, and get banks back to sba lending at the time. they also do a whole set of things around device, counseling and small business contracting. how would you describe the current state of small business? what is the larger factor? >> not is a very good time for maul businesses. in the last most or so. we saw a bit you optimism. small businesses are like the canary in the coal mine. they might be feeling a recession first, but the numbers say th

treated to small performance. the big headed and isn't just a dunce it's also a biology some a lesson in jungle survival children must remember that these ants a dangerous. well . gentlemen you have to know one thing when henry ford built a town in the middle of the amazon and. fordlandia he made 3 big mistakes here for beating women alcohol and soccer if you want to become an enemy of a brazilian man or even the brazilian woman you just had this 3 thing and you will have the greatest problem when the world. food bill is so important in brazil. sometimes people from all social classes any a social layer actually know each other and surprisingly. that you can see people canceling business meetings just to go and meet dear friends they played soccer with in here childhood so today they're still meeting like that and sometimes they remember some person just because they played soccer with their father someone and it helps sometimes to build their own career actually. looks like eric is not in his best save. if you th

i think it's across the economy, however, there are certain segments, like the small ticket, small business and small lending that banks were kind of forced out of we've been working the last year and a half to bring banks back into the space. it's abouten served predominantlily by on-line lenders and things we're doing with cra to open up things in economic areas that are distressed will be helpful, but i think that chairman hood's point these are strong, well underwritten loans with good loan to values, good dti's done in the market today. >> well, thank you. and this question is, i guess for you, mr. quarles, a letter sent out the last day or two from former fed members and ben bernanke and janet yellen, want that referencing an f-soc rule? >> yes, it was for the proposal of activities based approach to stability regulation. >> and with regard to the-- other than the activities-based focus, which i think is a risk-based focus, rather than just a numbers focus, does that letter refer to any other implementation much senator bill 2155? >> no, it's focused entirely on that one measure. >> t

small business can't. and if you're afraid you're going to violate some federal regulation, you're less likely to make the kind of investment you'd like to make than you otherwise would be. we created more access to credit by cutting down some of the overregulation of community banks. there's more we ought to be doing. one thing we can do that a lot of small businesses really benefit from is the new market tax credit program. this is a program that was first authorized in 2000. it encourages investment in high-poverty areas or low-income areas. in missouri, again, 42,000 new jobs have been created as a result of the new market tax credit investment program. i went the other day to the first new supermarket in north st. louis that opened since 1968. and one of the reasons that they were able to open that new super market was that they were able to use the new market tax credit program. that's a program we clearly need to extend. senator cardin, from maryland, and i once again have introduced that legislatio