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"content": "\u003cfigure id=\"attachment_116342\" class=\"wp-caption alignnone\" style=\"max-width: 640px\">\u003ca href=\"http://ww2.kqed.org/news/2013/10/28/what-you-should-know-about-san-franciscos-prop-b-and-c-and-what-nobody-can-agree-on/9005304095_91e554a443_z/\" rel=\"attachment wp-att-116342\">\u003cimg class=\"size-full wp-image-116342\" src=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2013/10/9005304095_91e554a443_z.jpg\" alt=\"San Francisco's waterfront (Nouhailler / Flickr)\" width=\"640\" height=\"427\">\u003c/a>\u003cfigcaption class=\"wp-caption-text\">San Francisco's waterfront (Nouhailler / Flickr)\u003c/figcaption>\u003c/figure>\n\u003cp>It might be about as off an election year as they get come, but \u003ca href=\"http://www.sfgov2.org/index.aspx?page=2969\" target=\"_blank\">San Francisco Props. B and C\u003c/a> are generating plenty of heat. Or at least they did when \u003ca href=\"http://www.kqed.org/a/forum/R201310251000\" target=\"_blank\">Forum\u003c/a> hosted representatives from both sides of the measures. Let's just say host Dave Iverson earned his money that morning, reining in guests and keeping the conversation from devolving into a sophomoric episode of \"he said, he said.\"\u003c/p>\n\u003cp>At the heart of the propositions is a proposed luxury condominium development along the Embarcadero titled \u003ca href=\"http://8washington.com/\" target=\"_blank\">8 Washington\u003c/a>. Lots of issues related to the physical project were covered during the hour-long conversation: height restrictions, the amount of public open space that the \u003ca href=\"http://www.openupthewaterfront.org/about.php\" target=\"_blank\"> development\u003c/a> will create, dissatisfaction with the private health club and parking lot that occupy the site now.\u003c/p>\n\u003cp>But several ideological questions around affordable housing — the issue dominating mastheads and coffee shops across the region — came up during the conversation as well: Who should live in the Bay Area — those who can afford its rising costs or those who are already here? How much should housing cost? What shape should new housing take? Should affordable and low-income housing be built in prime locations, like the waterfront? \u003cspan style=\"color: #ff6600\">\u003cbr>\n\u003c/span>\u003c/p>\n\u003cp>That question led Jon Golinger, campaign director for No Wall on the Waterfront, to accuse his opponents of practicing trickle-down economics. Here is the full exchange:\u003c/p>\n\u003cp>\u003cstrong>Tim Colen, executive director of the San Francisco Housing Action Coalition, which supports Prop. B:\u003c/strong>\u003c/p>\n\u003cp>[ad fullwidth]\u003c/p>\n\u003cp>\"The irony here is when people say 'Let's build affordable housing on-site, we going to build less affordable housing in San Francisco than if we built it elsewhere in our city. With redevelopment having gone away, we are in a crisis here in San Francisco about affordable housing and we have less public funds than ever. And if we can take some of the most expensive real estate in Northern California and in San Francisco and extract the maximum amount of money to buy housing elsewhere... \"\u003c/p>\n\u003cp>\u003cstrong>Host Dave Iverson:\u003c/strong>\u003c/p>\n\u003cp>\"Let me ask the question this way, to go with Mayor Agnos’ 1 percent versus the 99. Is your argument, Tim Colen, that ‘Yeah, you bet, we’re going to have this be for the 1 percent because actually that’s what would benefit the 99, because it would raise more money to support those 99’?”\u003c/p>\n\u003cp>\u003cstrong>\u003c!--more-->Tim Colen:\u003c/strong>\u003c/p>\n\u003cp>“In simple terms, yes. And the idea that this is some working-class waterfront is sort of alien because 50 yards from the project site you’ve got some very, very fancy condos, a couple of plutocrats who are protecting their views, chip in what, half a million dollars to protect their view? So the idea that there are no people of means, or we’ve got to keep these people out — this is the waterfront, some very valuable land.”\u003c/p>\n\u003cp>\u003cstrong>Jon Golinger, campaign director for No Wall on the Waterfront:\u003c/strong>\u003c/p>\n\u003cp>“There’s another word for what Tim Colen just agreed is his philosophy here: It’s called trickle-down. And it hasn’t worked in other places and it doesn’t work in San Francisco either. Their plan and what they’re doing, what the Board of Supervisors and the Lee administration is doing now is approving, almost exclusively, luxury, high-end housing with this idea that they’ll build affordable housing someday.”\u003c/p>\n\u003cp>\u003cstrong>Iverson:\u003c/strong>\u003c/p>\n\u003cp>“Jon, let me press you on that because it’s not exactly trickle-down because it’s creating x amount of money that would be used to create affordable housing. It’s not just saying, ‘We’re going to toss you a few crumbs.’”\u003c/p>\n\u003cp>\u003cstrong>Golinger:\u003c/strong>\u003c/p>\n\u003cp>“Oh, that is what it’s saying. Let’s talk about this project: $500 to $600 million is what these condos are going to sell for. The developer who before the Board last year said they’d be the most expensive condos in the history of San Francisco: $2 million for a studio, $10 million at the top. They’re planning on putting $11 million in [to affordable housing]. That’s a fraction – if this is their argument that they’re going to put money into a fund, especially on public land, they should put in $100 million if they’re going to claim it’s neighborhood housing.”\u003c/p>\n\u003cp>Whether you care at all about what goes up along the Embarcadero or whether you hate the current tennis court/parking lot at the site , it's hard to ignore that Props. 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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003c/p>\n\u003cp>\"The irony here is when people say 'Let's build affordable housing on-site, we going to build less affordable housing in San Francisco than if we built it elsewhere in our city. With redevelopment having gone away, we are in a crisis here in San Francisco about affordable housing and we have less public funds than ever. And if we can take some of the most expensive real estate in Northern California and in San Francisco and extract the maximum amount of money to buy housing elsewhere... \"\u003c/p>\n\u003cp>\u003cstrong>Host Dave Iverson:\u003c/strong>\u003c/p>\n\u003cp>\"Let me ask the question this way, to go with Mayor Agnos’ 1 percent versus the 99. Is your argument, Tim Colen, that ‘Yeah, you bet, we’re going to have this be for the 1 percent because actually that’s what would benefit the 99, because it would raise more money to support those 99’?”\u003c/p>\n\u003cp>\u003cstrong>\u003c!--more-->Tim Colen:\u003c/strong>\u003c/p>\n\u003cp>“In simple terms, yes. And the idea that this is some working-class waterfront is sort of alien because 50 yards from the project site you’ve got some very, very fancy condos, a couple of plutocrats who are protecting their views, chip in what, half a million dollars to protect their view? So the idea that there are no people of means, or we’ve got to keep these people out — this is the waterfront, some very valuable land.”\u003c/p>\n\u003cp>\u003cstrong>Jon Golinger, campaign director for No Wall on the Waterfront:\u003c/strong>\u003c/p>\n\u003cp>“There’s another word for what Tim Colen just agreed is his philosophy here: It’s called trickle-down. And it hasn’t worked in other places and it doesn’t work in San Francisco either. Their plan and what they’re doing, what the Board of Supervisors and the Lee administration is doing now is approving, almost exclusively, luxury, high-end housing with this idea that they’ll build affordable housing someday.”\u003c/p>\n\u003cp>\u003cstrong>Iverson:\u003c/strong>\u003c/p>\n\u003cp>“Jon, let me press you on that because it’s not exactly trickle-down because it’s creating x amount of money that would be used to create affordable housing. It’s not just saying, ‘We’re going to toss you a few crumbs.’”\u003c/p>\n\u003cp>\u003cstrong>Golinger:\u003c/strong>\u003c/p>\n\u003cp>“Oh, that is what it’s saying. Let’s talk about this project: $500 to $600 million is what these condos are going to sell for. The developer who before the Board last year said they’d be the most expensive condos in the history of San Francisco: $2 million for a studio, $10 million at the top. They’re planning on putting $11 million in [to affordable housing]. That’s a fraction – if this is their argument that they’re going to put money into a fund, especially on public land, they should put in $100 million if they’re going to claim it’s neighborhood housing.”\u003c/p>\n\u003cp>Whether you care at all about what goes up along the Embarcadero or whether you hate the current tennis court/parking lot at the site , it's hard to ignore that Props. B and C embody, at least partially, the topic on everyone's minds: housing.\u003c/p>\n\u003cp>You can listen to the full discussion by \u003ca href=\"http://www.kqed.org/a/forum/R201310251000\" target=\"_blank\">clicking here\u003c/a>.\u003c/p>\n\u003cp>\u003c/p>\n\u003cp> \u003c/p>\n\n\u003c/div>\u003c/p>",
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"content": "\u003caside class=\"pullquote alignleft\">\u003cstrong>This marks the third consecutive quarter that Apple's earnings have dropped from the previous year.\u003c/strong>\u003c/aside>\n\u003cp>SAN FRANCISCO (AP) — Apple's latest quarterly earnings fell 9 percent as more people bought the company's lower-priced iPhones and iPads.\u003c/p>\n\u003cp>The company's fourth-quarter results announced Monday included early sales of the latest iPhones released late last month.\u003c/p>\n\u003cfigure id=\"attachment_110687\" class=\"wp-caption alignleft\" style=\"max-width: 300px\">\u003cimg class=\"size-medium wp-image-110687\" src=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2013/09/9717009283_3c2b298d89_z-300x183.jpg\" alt=\"Phil Schiller, Apple's senior vice president of worldwide marketing, speaks about the new iPhone 5C, which comes in 5 colors. (klaus.nascimento/ Flickr)\" width=\"300\" height=\"183\">\u003cfigcaption class=\"wp-caption-text\">Phil Schiller, Apple's senior vice president of worldwide marketing, speaks about the new iPhone 5C. (klaus.nascimento/ Flickr)\u003c/figcaption>\u003c/figure>\n\u003cp>The models, called the 5S and 5C, helped Apple Inc. increase its iPhone sales from the same time last year. But the average price that Apple fetched for its iPhones declined to extend a recent trend that has trimmed the Cupertino, Calif., company's profit margin and depressed its stock price.\u003c/p>\n\u003cp>This marks the third consecutive quarter that Apple's earnings have dropped from the previous year.\u003c/p>\n\u003cp>Apple earned $7.5 billion, or $8.26 per share, in the quarter. That compared to income of $8.2 billion, or $8.67 per share, last year.\u003c/p>\n\u003cp>[ad fullwidth]\u003c/p>\n\u003cp>Revenue rose 4 percent to $37.5 billion.\u003c/p>\n\u003cp>\u003c/p>\n\u003cp> \u003c/p>\n\n",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003caside class=\"pullquote alignleft\">\u003cstrong>This marks the third consecutive quarter that Apple's earnings have dropped from the previous year.\u003c/strong>\u003c/aside>\n\u003cp>SAN FRANCISCO (AP) — Apple's latest quarterly earnings fell 9 percent as more people bought the company's lower-priced iPhones and iPads.\u003c/p>\n\u003cp>The company's fourth-quarter results announced Monday included early sales of the latest iPhones released late last month.\u003c/p>\n\u003cfigure id=\"attachment_110687\" class=\"wp-caption alignleft\" style=\"max-width: 300px\">\u003cimg class=\"size-medium wp-image-110687\" src=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2013/09/9717009283_3c2b298d89_z-300x183.jpg\" alt=\"Phil Schiller, Apple's senior vice president of worldwide marketing, speaks about the new iPhone 5C, which comes in 5 colors. (klaus.nascimento/ Flickr)\" width=\"300\" height=\"183\">\u003cfigcaption class=\"wp-caption-text\">Phil Schiller, Apple's senior vice president of worldwide marketing, speaks about the new iPhone 5C. (klaus.nascimento/ Flickr)\u003c/figcaption>\u003c/figure>\n\u003cp>The models, called the 5S and 5C, helped Apple Inc. increase its iPhone sales from the same time last year. But the average price that Apple fetched for its iPhones declined to extend a recent trend that has trimmed the Cupertino, Calif., company's profit margin and depressed its stock price.\u003c/p>\n\u003cp>This marks the third consecutive quarter that Apple's earnings have dropped from the previous year.\u003c/p>\n\u003cp>Apple earned $7.5 billion, or $8.26 per share, in the quarter. That compared to income of $8.2 billion, or $8.67 per share, last year.\u003c/p>\n\u003cp>\u003c/p>\u003c/div>",
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"disqusTitle": "Apple, Facebook Spend More on Lobbying; Twitter Joins In",
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"content": "\u003cfigure id=\"attachment_115872\" class=\"wp-caption alignright\" style=\"max-width: 300px\">\u003ca href=\"http://ww2.kqed.org/news/2013/10/23/115860/zuck/\" rel=\"attachment wp-att-115872\">\u003cimg class=\"size-medium wp-image-115872\" src=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2013/10/zuck-300x168.jpg\" alt='Mark Zuckerberg spoke before the showing of a documentary, \"Documented.\" He has been a public advocate of immigration reform. (Monica Lam/KQED)' width=\"300\" height=\"168\">\u003c/a>\u003cfigcaption class=\"wp-caption-text\">Mark Zuckerberg spoke before the showing of a documentary, \"Documented.\" He has been a public advocate of immigration reform. (Monica Lam/KQED)\u003c/figcaption>\u003c/figure>\n\u003cp>\u003cstrong>By Olivia Hubert-Allen\u003c/strong>\u003c/p>\n\u003cp>The pipeline of money flowing from Silicon Valley to Washington, D.C., \u003ca href=\"http://www.washingtonpost.com/blogs/wonkblog/wp/2013/07/02/these-tech-companies-are-spending-millions-on-high-priced-lobbyists/\" target=\"_blank\">continued to grow\u003c/a> during the third quarter of 2013, according to figures from the \u003ca href=\"http://lobbyingdisclosure.house.gov/\">U.S. House of Representatives' clerk's office\u003c/a>. Most of the nation's leading tech companies increased their spending on lobbyists year over year.\u003c/p>\n\u003cp>The industry spent the bulk of their funds lobbying on issues including net neutrality, surveillance reform, immigration, \"Do Not Track\" legislation and patent-related matters.\u003c/p>\n\u003cp>\u003cstrong>Highlights\u003c/strong>\u003c/p>\n\u003cul>\n\u003cli>\u003cstrong>Apple\u003c/strong> had the most notable increase in lobbying spending, at 111 percent over Q3 in 2012. Patents, electronic waste, cyber security and e-books were among the issues they focused on. (\u003ca href=\"http://disclosures.house.gov/ld/ldxmlrelease/2013/Q3/300607653.xml\">Read Apple's filing.\u003c/a>)\u003c/li>\n\u003cli>\u003cstrong>Google\u003c/strong> decreased spending from 2012 to 2013, though the company still spends far more than others in industry. Many of their funds went to online privacy, advertising and data issues. (\u003ca href=\"http://disclosures.house.gov/ld/ldxmlrelease/2013/Q3/300607663.xml\">Read Google's filing.\u003c/a>)\u003c/li>\n\u003cli>\u003cstrong>Twitter \u003c/strong>is the new kid on the block, filing their \u003cem>first ever\u003c/em> lobbying disclosure report. The company spent $40,000, which is chump change compared to what others are spending, but they'll be interesting to follow as they move closer to an IPO. (\u003ca href=\"http://disclosures.house.gov/ld/ldxmlrelease/2013/Q3/300602860.xml\" target=\"_blank\">Read Twitter's filing.\u003c/a>)\u003c/li>\n\u003cli>\u003cstrong>Facebook \u003c/strong>increased spending 47 percent, joining the ranks of Google, Microsoft, IBM and Oracle in spending more than $1 million. Mark Zuckerberg has spoken publicly about his support for \u003ca href=\"http://ww2.kqed.org/news/2013/08/06/105836/Mark-Zuckerberg-immigration-Jose-Vargas-Joe-Green\">immigration reform\u003c/a>, and the company's lobbyists have been active around the issue in D.C. (\u003ca href=\"http://disclosures.house.gov/ld/ldxmlrelease/2013/Q3/300606959.xml\" target=\"_blank\">Read Facebook's filing.\u003c/a>)\u003c/li>\n\u003c/ul>\n\u003ctable class=\"tg-table-light\">\n\u003ctbody>\n\u003ctr>\n\u003cth>Company\u003c/th>\n\u003cth>% change\u003c/th>\n\u003cth>Q3 2013\u003c/th>\n\u003cth>Q3 2012\u003c/th>\n\u003c/tr>\n\u003ctr class=\"tg-even\">\n\u003ctd>Facebook\u003c/td>\n\u003ctd>47%\u003c/td>\n\u003ctd>$1,440,000\u003c/td>\n\u003ctd>$980,000\u003c/td>\n\u003c/tr>\n\u003ctr>\n\u003ctd>Google\u003c/td>\n\u003ctd>-19%\u003c/td>\n\u003ctd>$3,370,000\u003c/td>\n\u003ctd>$4,180,000\u003c/td>\n\u003c/tr>\n\u003ctr class=\"tg-even\">\n\u003ctd>Microsoft\u003c/td>\n\u003ctd>20%\u003c/td>\n\u003ctd>$2,230,000\u003c/td>\n\u003ctd>$1,860,000\u003c/td>\n\u003c/tr>\n\u003ctr>\n\u003ctd>Amazon\u003c/td>\n\u003ctd>42%\u003c/td>\n\u003ctd>$780,000\u003c/td>\n\u003ctd>$550,000\u003c/td>\n\u003c/tr>\n\u003ctr class=\"tg-even\">\n\u003ctd>Apple\u003c/td>\n\u003ctd>111%\u003c/td>\n\u003ctd>$970,000\u003c/td>\n\u003ctd>$460,000\u003c/td>\n\u003c/tr>\n\u003ctr>\n\u003ctd>Cisco Systems\u003c/td>\n\u003ctd>17%\u003c/td>\n\u003ctd>$890,000\u003c/td>\n\u003ctd>$760,000\u003c/td>\n\u003c/tr>\n\u003ctr class=\"tg-even\">\n\u003ctd>IBM\u003c/td>\n\u003ctd>16%\u003c/td>\n\u003ctd>$1,180,000\u003c/td>\n\u003ctd>$1,020,000\u003c/td>\n\u003c/tr>\n\u003ctr>\n\u003ctd>Intel\u003c/td>\n\u003ctd>12%\u003c/td>\n\u003ctd>$980,000\u003c/td>\n\u003ctd>$878,000\u003c/td>\n\u003c/tr>\n\u003ctr class=\"tg-even\">\n\u003ctd>Oracle\u003c/td>\n\u003ctd>-4%\u003c/td>\n\u003ctd>$1,360,000\u003c/td>\n\u003ctd>$1,410,000\u003c/td>\n\u003c/tr>\n\u003ctr>\n\u003ctd>Yahoo\u003c/td>\n\u003ctd>-14%\u003c/td>\n\u003ctd>$630,000\u003c/td>\n\u003ctd>$730,000\u003c/td>\n\u003c/tr>\n\u003ctr class=\"tg-even\">\n\u003ctd>Netflix\u003c/td>\n\u003ctd>88%\u003c/td>\n\u003ctd>$300,000\u003c/td>\n\u003ctd>$160,000\u003c/td>\n\u003c/tr>\n\u003ctr>\n\u003ctd>Twitter\u003c/td>\n\u003ctd>\u003c/td>\n\u003ctd>$40,000\u003c/td>\n\u003ctd>No Filing\u003c/td>\n\u003c/tr>\n\u003c/tbody>\n\u003c/table>\n\u003cp>[ad fullwidth]\u003c/p>\u003cp>\u003c/p>\n",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003cfigure id=\"attachment_115872\" class=\"wp-caption alignright\" style=\"max-width: 300px\">\u003ca href=\"http://ww2.kqed.org/news/2013/10/23/115860/zuck/\" rel=\"attachment wp-att-115872\">\u003cimg class=\"size-medium wp-image-115872\" src=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2013/10/zuck-300x168.jpg\" alt='Mark Zuckerberg spoke before the showing of a documentary, \"Documented.\" He has been a public advocate of immigration reform. (Monica Lam/KQED)' width=\"300\" height=\"168\">\u003c/a>\u003cfigcaption class=\"wp-caption-text\">Mark Zuckerberg spoke before the showing of a documentary, \"Documented.\" He has been a public advocate of immigration reform. 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(\u003ca href=\"http://disclosures.house.gov/ld/ldxmlrelease/2013/Q3/300607663.xml\">Read Google's filing.\u003c/a>)\u003c/li>\n\u003cli>\u003cstrong>Twitter \u003c/strong>is the new kid on the block, filing their \u003cem>first ever\u003c/em> lobbying disclosure report. The company spent $40,000, which is chump change compared to what others are spending, but they'll be interesting to follow as they move closer to an IPO. (\u003ca href=\"http://disclosures.house.gov/ld/ldxmlrelease/2013/Q3/300602860.xml\" target=\"_blank\">Read Twitter's filing.\u003c/a>)\u003c/li>\n\u003cli>\u003cstrong>Facebook \u003c/strong>increased spending 47 percent, joining the ranks of Google, Microsoft, IBM and Oracle in spending more than $1 million. 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(\u003ca href=\"http://disclosures.house.gov/ld/ldxmlrelease/2013/Q3/300606959.xml\" target=\"_blank\">Read Facebook's filing.\u003c/a>)\u003c/li>\n\u003c/ul>\n\u003ctable class=\"tg-table-light\">\n\u003ctbody>\n\u003ctr>\n\u003cth>Company\u003c/th>\n\u003cth>% change\u003c/th>\n\u003cth>Q3 2013\u003c/th>\n\u003cth>Q3 2012\u003c/th>\n\u003c/tr>\n\u003ctr class=\"tg-even\">\n\u003ctd>Facebook\u003c/td>\n\u003ctd>47%\u003c/td>\n\u003ctd>$1,440,000\u003c/td>\n\u003ctd>$980,000\u003c/td>\n\u003c/tr>\n\u003ctr>\n\u003ctd>Google\u003c/td>\n\u003ctd>-19%\u003c/td>\n\u003ctd>$3,370,000\u003c/td>\n\u003ctd>$4,180,000\u003c/td>\n\u003c/tr>\n\u003ctr class=\"tg-even\">\n\u003ctd>Microsoft\u003c/td>\n\u003ctd>20%\u003c/td>\n\u003ctd>$2,230,000\u003c/td>\n\u003ctd>$1,860,000\u003c/td>\n\u003c/tr>\n\u003ctr>\n\u003ctd>Amazon\u003c/td>\n\u003ctd>42%\u003c/td>\n\u003ctd>$780,000\u003c/td>\n\u003ctd>$550,000\u003c/td>\n\u003c/tr>\n\u003ctr class=\"tg-even\">\n\u003ctd>Apple\u003c/td>\n\u003ctd>111%\u003c/td>\n\u003ctd>$970,000\u003c/td>\n\u003ctd>$460,000\u003c/td>\n\u003c/tr>\n\u003ctr>\n\u003ctd>Cisco Systems\u003c/td>\n\u003ctd>17%\u003c/td>\n\u003ctd>$890,000\u003c/td>\n\u003ctd>$760,000\u003c/td>\n\u003c/tr>\n\u003ctr class=\"tg-even\">\n\u003ctd>IBM\u003c/td>\n\u003ctd>16%\u003c/td>\n\u003ctd>$1,180,000\u003c/td>\n\u003ctd>$1,020,000\u003c/td>\n\u003c/tr>\n\u003ctr>\n\u003ctd>Intel\u003c/td>\n\u003ctd>12%\u003c/td>\n\u003ctd>$980,000\u003c/td>\n\u003ctd>$878,000\u003c/td>\n\u003c/tr>\n\u003ctr class=\"tg-even\">\n\u003ctd>Oracle\u003c/td>\n\u003ctd>-4%\u003c/td>\n\u003ctd>$1,360,000\u003c/td>\n\u003ctd>$1,410,000\u003c/td>\n\u003c/tr>\n\u003ctr>\n\u003ctd>Yahoo\u003c/td>\n\u003ctd>-14%\u003c/td>\n\u003ctd>$630,000\u003c/td>\n\u003ctd>$730,000\u003c/td>\n\u003c/tr>\n\u003ctr class=\"tg-even\">\n\u003ctd>Netflix\u003c/td>\n\u003ctd>88%\u003c/td>\n\u003ctd>$300,000\u003c/td>\n\u003ctd>$160,000\u003c/td>\n\u003c/tr>\n\u003ctr>\n\u003ctd>Twitter\u003c/td>\n\u003ctd>\u003c/td>\n\u003ctd>$40,000\u003c/td>\n\u003ctd>No Filing\u003c/td>\n\u003c/tr>\n\u003c/tbody>\n\u003c/table>\n\u003cp>\u003c/p>\u003c/div>",
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"title": "Government Shutdown Fallout: California Won't Pay to Reopen National Parks",
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"content": "\u003cfigure id=\"attachment_109295\" class=\"wp-caption aligncenter\" style=\"max-width: 640px\">\u003ca href=\"http://ww2.kqed.org/news/2013/08/30/109272/Yosemite-Rim-Fire/rs1447_img_0627-scr/\" rel=\"attachment wp-att-109295\">\u003cimg loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-109295\" src=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2013/08/RS1447_IMG_0627-scr-e1377890499369.jpg\" alt=\"El Capitan in Yosemite National Park. (Craig Miller/KQED)\" width=\"640\" height=\"480\">\u003c/a>\u003cfigcaption class=\"wp-caption-text\">El Capitan in Yosemite National Park (Craig Miller/KQED).\u003c/figcaption>\u003c/figure>\n\u003cp>\u003cstrong>Related:\u003c/strong> From KQED’s \u003ca href=\"http://www.californiareport.org/\" target=\"_blank\" rel=\"noopener\">The California Report\u003c/a>: \u003ca href=\"http://ww2.kqed.org/news/2013/10/11/Yosemite-shutdown-hits-Tuolumne-County-hard\" target=\"_blank\" rel=\"noopener\">Government Shutdown Hits Tuolumne County Hard\u003c/a>\u003c/p>\n\u003cp>California officials say the state can’t afford to take up the federal government on its offer to reopen Yosemite and other national parks affected by the government shutdown — if the state picks up the tab.\u003c/p>\n\u003cp>H.D. Palmer, a spokesman for the state Department of Finance, \u003ca href=\"http://www.sacbee.com/2013/10/10/5812014/california-will-not-pay-to-reopen.html\" target=\"_blank\" rel=\"noopener\">said yesterday\u003c/a> that because California’s own budget is balanced by such a thin margin, it can’t take on the added expense of paying for the parks.\u003c/p>\n\u003cp>Paul Rogers, environment reporter for the San Jose Mercury News and managing editor of KQED Science, \u003ca href=\"http://www.mercurynews.com/science/ci_24217251/government-shutdown-no-state-money-will-be-offered\" target=\"_blank\" rel=\"noopener\">provides the context\u003c/a>:\u003c/p>\n\u003cblockquote>\u003cp>California officials are concerned that their fragile state budget faces a major risk if Republicans in Congress default on the nation’s debts rather than extend the debt limit later this month. Such a default could send financial markets crashing, which would have a direct impact on California’s budget.\u003c/p>\n\u003cp>That’s because California’s tax system is tilted so that the rich pay a large amount of state taxes. In 2011, the most recent year that complete data is tallied, the top 1 percent of households paid 41 percent of California personal income taxes.\u003c/p>\n\u003cp>“You’ve got a very narrow band of taxpayers that contribute a large amount of state personal income taxes,” Palmer said. “And a lot of that money comes from capital gains and stock options.”\u003c/p>\u003c/blockquote>\n\u003cp>California’s decision not to pay to reopen the parks comes as Utah announced it will use state funds to reopen several attractions there. The National Park Service closed 401 parks nationwide and furloughed more than 20,000 employees as part of the shutdown that began Oct. 1. The service said it is losing $450,000 per day in revenue from entrance fees and other in-park expenditures, such as campground fees and boat rentals.\u003c/p>\n\u003cp>[ad fullwidth]\u003c/p>\n\u003cp>\u003c!--more-->The Association of National Park Service Retirees \u003ca href=\"http://www.npsretirees.org/issues-in-depth/shutdown/243-day-10.html\" target=\"_blank\" rel=\"noopener\">has been tracking\u003c/a> the financial impact of the park closures. The group estimates that nationwide, 7 million visitors were shut out of parks across the country in the first 10 days of the shutdown. The group says that’s cost $750 million in lost visitor spending.\u003c/p>\n\u003cp>Yosemite National Park was No. 2 on the group’s list, after the Grand Canyon, for the number of visitors turned away so far, with about 107,000 people turned away. The group’s estimate of the economic impact at Yosemite is $10 million in lost visitor dollars and 5,600 total jobs threatened, including 4,600 non-National Park Service positions.\u003c/p>\n\u003cp>“It’s like someone just turned around the closed sign here in America,” said Jayne Miller, who is on a three-week road trip across the U.S. with her husband. The Australian tourists were hoping to take in the sights along Route 66 as they head from California to Washington. But they hit a wall when they got to Grand Canyon National Park.\u003c/p>\n\u003cp>Utah Gov. Gary Herbert said Thursday he had wired money from state taxpayers that will open Utah’s five national parks, including Zion, Bryce and Arches. He said he was inking a deal with Interior Secretary Sally Jewell that provides $166,000 a day in funding for the five parks and other units of the national park system, starting Saturday. He said that will keep them open for 10 days, and the state can buy extra days as needed.\u003c/p>\n\u003cp>Herbert said in a letter this week to President Obama that the national parks closure has been “devastating” to individuals and businesses. Herbert estimated the overall economic impact of the federal government shutdown on Utah at $100 million.\u003c/p>\n\u003cp>Several other states have weighed paying to reopen the parks:\u003c/p>\n\u003cp>\u003cstrong>Arizona:\u003c/strong> Gov. Jan Brewer said she’d consider paying for a partial reopening of Grand Canyon National Park but is rejecting the Interior Department’s insistence that state money pay for the whole operation — a daily cost of $112,000 — adding yet another element of uncertainty.\u003c/p>\n\u003cp>\u003cstrong>South Dakota: \u003c/strong>Gov. Dennis Daugaard is considering the government’s offer, but wants to see how much it would cost. “When we get the numbers, he’ll consider it more fully,” said Daugaard’s Chief of Staff Dusty Johnson.\u003c/p>\n\u003cp>\u003cstrong>Wyoming:\u003c/strong> Gov. Matt Mead’s office said the state would not pay to reopen two heavily visited national parks or the Devil’s Tower national monument. “Wyoming cannot bail out the federal government and we cannot use state money to do the work of the federal government,” Mead spokesman Renny MacKay said.\u003c/p>\n\u003cp>\u003cstrong>Montana:\u003c/strong> Gov. Steve Bullock says his state won’t pick up the tab to reopen Glacier National Park. Lee Newspapers of Montana said on Thursday that it’s long past time for Congress to end “this reckless and job-killing shutdown.”\u003c/p>\n\u003cp>\u003c/p>\n\u003cp>\u003cstrong>The Associated Press contributed to this report. \u003c/strong>\u003c/p>\n\n",
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"excerpt": "Officials say the state simply can't afford to pay for operations at Yosemite and other national parks. ",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003cfigure id=\"attachment_109295\" class=\"wp-caption aligncenter\" style=\"max-width: 640px\">\u003ca href=\"http://ww2.kqed.org/news/2013/08/30/109272/Yosemite-Rim-Fire/rs1447_img_0627-scr/\" rel=\"attachment wp-att-109295\">\u003cimg loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-109295\" src=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2013/08/RS1447_IMG_0627-scr-e1377890499369.jpg\" alt=\"El Capitan in Yosemite National Park. (Craig Miller/KQED)\" width=\"640\" height=\"480\">\u003c/a>\u003cfigcaption class=\"wp-caption-text\">El Capitan in Yosemite National Park (Craig Miller/KQED).\u003c/figcaption>\u003c/figure>\n\u003cp>\u003cstrong>Related:\u003c/strong> From KQED’s \u003ca href=\"http://www.californiareport.org/\" target=\"_blank\" rel=\"noopener\">The California Report\u003c/a>: \u003ca href=\"http://ww2.kqed.org/news/2013/10/11/Yosemite-shutdown-hits-Tuolumne-County-hard\" target=\"_blank\" rel=\"noopener\">Government Shutdown Hits Tuolumne County Hard\u003c/a>\u003c/p>\n\u003cp>California officials say the state can’t afford to take up the federal government on its offer to reopen Yosemite and other national parks affected by the government shutdown — if the state picks up the tab.\u003c/p>\n\u003cp>H.D. Palmer, a spokesman for the state Department of Finance, \u003ca href=\"http://www.sacbee.com/2013/10/10/5812014/california-will-not-pay-to-reopen.html\" target=\"_blank\" rel=\"noopener\">said yesterday\u003c/a> that because California’s own budget is balanced by such a thin margin, it can’t take on the added expense of paying for the parks.\u003c/p>\n\u003cp>Paul Rogers, environment reporter for the San Jose Mercury News and managing editor of KQED Science, \u003ca href=\"http://www.mercurynews.com/science/ci_24217251/government-shutdown-no-state-money-will-be-offered\" target=\"_blank\" rel=\"noopener\">provides the context\u003c/a>:\u003c/p>\n\u003cblockquote>\u003cp>California officials are concerned that their fragile state budget faces a major risk if Republicans in Congress default on the nation’s debts rather than extend the debt limit later this month. Such a default could send financial markets crashing, which would have a direct impact on California’s budget.\u003c/p>\n\u003cp>That’s because California’s tax system is tilted so that the rich pay a large amount of state taxes. In 2011, the most recent year that complete data is tallied, the top 1 percent of households paid 41 percent of California personal income taxes.\u003c/p>\n\u003cp>“You’ve got a very narrow band of taxpayers that contribute a large amount of state personal income taxes,” Palmer said. “And a lot of that money comes from capital gains and stock options.”\u003c/p>\u003c/blockquote>\n\u003cp>California’s decision not to pay to reopen the parks comes as Utah announced it will use state funds to reopen several attractions there. The National Park Service closed 401 parks nationwide and furloughed more than 20,000 employees as part of the shutdown that began Oct. 1. The service said it is losing $450,000 per day in revenue from entrance fees and other in-park expenditures, such as campground fees and boat rentals.\u003c/p>\n\u003cp>\u003c/p>\u003c/div>",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003c/p>\n\u003cp>\u003c!--more-->The Association of National Park Service Retirees \u003ca href=\"http://www.npsretirees.org/issues-in-depth/shutdown/243-day-10.html\" target=\"_blank\" rel=\"noopener\">has been tracking\u003c/a> the financial impact of the park closures. The group estimates that nationwide, 7 million visitors were shut out of parks across the country in the first 10 days of the shutdown. The group says that’s cost $750 million in lost visitor spending.\u003c/p>\n\u003cp>Yosemite National Park was No. 2 on the group’s list, after the Grand Canyon, for the number of visitors turned away so far, with about 107,000 people turned away. The group’s estimate of the economic impact at Yosemite is $10 million in lost visitor dollars and 5,600 total jobs threatened, including 4,600 non-National Park Service positions.\u003c/p>\n\u003cp>“It’s like someone just turned around the closed sign here in America,” said Jayne Miller, who is on a three-week road trip across the U.S. with her husband. The Australian tourists were hoping to take in the sights along Route 66 as they head from California to Washington. But they hit a wall when they got to Grand Canyon National Park.\u003c/p>\n\u003cp>Utah Gov. Gary Herbert said Thursday he had wired money from state taxpayers that will open Utah’s five national parks, including Zion, Bryce and Arches. He said he was inking a deal with Interior Secretary Sally Jewell that provides $166,000 a day in funding for the five parks and other units of the national park system, starting Saturday. He said that will keep them open for 10 days, and the state can buy extra days as needed.\u003c/p>\n\u003cp>Herbert said in a letter this week to President Obama that the national parks closure has been “devastating” to individuals and businesses. Herbert estimated the overall economic impact of the federal government shutdown on Utah at $100 million.\u003c/p>\n\u003cp>Several other states have weighed paying to reopen the parks:\u003c/p>\n\u003cp>\u003cstrong>Arizona:\u003c/strong> Gov. Jan Brewer said she’d consider paying for a partial reopening of Grand Canyon National Park but is rejecting the Interior Department’s insistence that state money pay for the whole operation — a daily cost of $112,000 — adding yet another element of uncertainty.\u003c/p>\n\u003cp>\u003cstrong>South Dakota: \u003c/strong>Gov. Dennis Daugaard is considering the government’s offer, but wants to see how much it would cost. “When we get the numbers, he’ll consider it more fully,” said Daugaard’s Chief of Staff Dusty Johnson.\u003c/p>\n\u003cp>\u003cstrong>Wyoming:\u003c/strong> Gov. Matt Mead’s office said the state would not pay to reopen two heavily visited national parks or the Devil’s Tower national monument. “Wyoming cannot bail out the federal government and we cannot use state money to do the work of the federal government,” Mead spokesman Renny MacKay said.\u003c/p>\n\u003cp>\u003cstrong>Montana:\u003c/strong> Gov. Steve Bullock says his state won’t pick up the tab to reopen Glacier National Park. Lee Newspapers of Montana said on Thursday that it’s long past time for Congress to end “this reckless and job-killing shutdown.”\u003c/p>\n\u003cp>\u003c/p>\n\u003cp>\u003cstrong>The Associated Press contributed to this report. \u003c/strong>\u003c/p>\n\n\u003c/div>\u003c/p>",
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"title": "Obama Picks UC Berkeley's Janet Yellen to Head Federal Reserve",
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"content": "\u003cfigure id=\"attachment_114278\" class=\"wp-caption aligncenter\" style=\"max-width: 640px\">\u003ca href=\"http://ww2.kqed.org/news/2013/10/08/president-obama-nominates-janet-yellen-federal-reserve-chair/attachment/169837668/\" rel=\"attachment wp-att-114278\">\u003cimg loading=\"lazy\" decoding=\"async\" class=\"size-large wp-image-114278\" src=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2013/10/169837668-1024x640.jpg\" alt=\" Federal Reserve Vice Chair and UC Berkeley business Professor Janet Yellen speaks at a international monetary conference in Shanghai last June. (Peter Parks-AFP/Getty Images) \" width=\"640\" height=\"400\">\u003c/a>\u003cfigcaption class=\"wp-caption-text\">Federal Reserve Vice Chair and UC Berkeley business Professor Janet Yellen speaks at a international monetary conference in Shanghai last June. (Peter Parks-AFP/Getty Images)\u003c/figcaption>\u003c/figure>\n\u003cp>Several weeks ago, Larry Summers, the former Treasury Secretary and president of Harvard University, withdrew from consideration as chairman of the U.S. Federal Reserve. That led to widespread speculation that President Obama would nominate the Fed’s vice chair, UC Berkeley Haas School of Business Professor \u003ca href=\"http://newsroom.haas.berkeley.edu/article/janet-yellen-fact-sheet\" target=\"_blank\" rel=\"noopener\">Janet Yellen\u003c/a>. Today, the White House confirmed that, saying the nomination will be formally announced tomorrow.\u003c/p>\n\u003cp>What kind of Fed chair will Yellen make, amid a slow, low-job-growth recovery from the Great Recession and with the financial markets hanging on every whisper of central bank policy? KQED’s Mina Kim \u003ca href=\"http://ww2.kqed.org/news/2013/09/20/janet-yellen-fed/\" target=\"_blank\" rel=\"noopener\">asked\u003c/a> Yellen’s Berkeley colleague and friend Andrew Rose that question recently. Rose listed several of Yellen’s virtues:\u003c/p>\n\u003cblockquote>\u003cp>She’s an extremely accomplished economist, she has tremendous amount of experience both in monetary policy in general and running the Fed in particular. And she has enormously talented staff at her disposal. She’s also a consensus builder; she’s very persuasive and I don’t think she’ll have problems persuading the [Fed’s Open Market Committee] through the force of her arguments to follow her lead.\u003c/p>\u003c/blockquote>\n\u003cp>And then he mentioned a personal experience from a noted Bay Area natural disaster:\u003c/p>\n\u003cblockquote>\u003cp>I will also say that in a case of a major earthquake, she’s a good person to have next to you, as I know personally from my experience during the Loma Prieta quake in 1989. We were stuck in a doorjamb together, and she didn’t raise her voice. She was quite calm throughout when I was sure the building was going to collapse and we were going to die together.\u003c/p>\u003c/blockquote>\n\u003cp>\u003c!--more-->Here’s the Associated Press’s latest write-through on Yellen’s impending nomination:\u003c/p>\n\u003cp>\u003cstrong>By Jim Kuhnhenn and Martin Crutsinger\u003cbr>\nAssociated Press\u003c/strong>\u003c/p>\n\u003cp>[ad fullwidth]\u003c/p>\n\u003cp>WASHINGTON — President Barack Obama will nominate Federal Reserve vice chair Janet Yellen to succeed Ben Bernanke as chairman of the nation’s central bank, the White House said Tuesday. Yellen would be the first woman to head the powerful Fed, taking over at a pivotal time for the economy and the banking industry.\u003c/p>\n\u003cp>Both Yellen and Bernanke are scheduled to appear with Obama at the White House on Wednesday for a formal announcement.\u003c/p>\n\u003cp>Bernanke’s term ends in January, completing a remarkable eight-year tenure in which he helped pull the U.S. economy out of the worst financial crisis and recession since the 1930’s.\u003c/p>\n\u003cp>Under Bernanke’s leadership, the Fed created extraordinary programs after the financial crisis erupted in 2008. It lent money to banks after credit markets froze, cut its key short-term interest rate to near zero and bought trillions in bonds to lower long-term borrowing rates.\u003c/p>\n\u003cp>Those programs are credited with helping save the U.S. banking system.\u003c/p>\n\u003cp>Yellen emerged as the leading candidate after Lawrence Summers, a former Treasury secretary whom Obama was thought to favor, withdrew from consideration last month in the face of rising opposition.\u003c/p>\n\u003cp>Yellen, 67, would likely continue steering Fed policy in the same direction as Bernanke. A close ally of the chairman, she has been a key architect of the Fed’s efforts under Bernanke to keep interest rates near record lows to support the economy.\u003c/p>\n\u003cp>As vice chair since 2010, Yellen has helped manage both the Fed’s traditional tool of short-term rates and the unconventional programs it launched to help sustain the economy after the financial crisis erupted in 2008. These include the Fed’s monthly bond purchases and its guidance to investors about the likely direction of rates.\u003c/p>\n\u003cp>“She’s an excellent choice and I believe she’ll be confirmed by a wide margin,” said Sen. Chuck Schumer, D-N.Y., a member of the Senate Banking, Housing and Urban Affairs Committee.\u003c/p>\n\u003cp>Obama’s choice of Yellen coincides with a key turning point for the Fed. Within the next several months, the Fed is expected to start slowing the pace of its Treasury and mortgage bond purchases if the economy strengthens. The Fed’s purchases have been intended to keep loan rates low to encourage borrowing and spending.\u003c/p>\n\u003cp>Yet even after the Fed scales back its bond buying, its policies will remain geared toward keeping borrowing rates low to try to accelerate growth and lower unemployment. The unemployment rate is a still-high 7.3 percent. Few expect the Fed to start raising the short-term rate it controls before 2015 at the earliest.\u003c/p>\n\u003cp>Yellen had long been considered a logical candidate for the chairmanship in part because of her expertise as an economist, her years as a top bank regulator and her experience in helping manage the Fed’s polices. Her understanding of the financial system is widely respected: Before the crisis struck, she was among a minority of top economists who had warned correctly that subprime mortgages posed a severe threat.\u003c/p>\n\u003cp>On the Fed, Yellen has built a reputation as a “dove” — someone who is typically more concerned about keeping interest rates low to reduce unemployment than about raising them to avert high inflation. Her nomination could face resistance from congressional critics who argue that the Fed’s low-rate policies have raised the risk of high inflation and might be breeding dangerous bubbles in assets like stocks or real estate.\u003c/p>\n\u003cp>Still, Yellen has said that when the economy finally begins growing faster and rates will need to be raised to prevent high inflation, she will move in that direction.\u003c/p>\n\u003cp>In the weeks leading to her selection, Yellen and Summers emerged as the two top contenders and were drawn into a highly unusual public battle. Yellen and Summers themselves kept quiet. But their warring camps waged a fight that stirred up Congress, spawned opinion columns and letters from Congress and triggered commentary from notables both inside and outside the economics profession.\u003c/p>\n\u003cp>Yellen drew outspoken support from Senate Democrats, a third of whom signed a letter this summer urging Obama to choose her. Last month, more than 350 economists signed a letter to Obama urging him to nominate Yellen. The letter argued that Yellen understands the relationship between interest-rate policy and economic growth, possesses a “nuanced understanding” of job markets and is inclined as a policymaker to consider all points of view.\u003c/p>\n\u003cp>If confirmed by the Senate, Yellen would be the first Democrat chosen to lead the Fed since Paul Volcker was picked by Jimmy Carter in 1979. Bernanke, who served for eight years, and his predecessor, Alan Greenspan, who did so for 18½ years, were Republicans. She would also be the first vice chair of the Fed to ascend to the chairmanship.\u003c/p>\n\u003cp>Yellen served as a Fed board member for three years in the 1990s before leaving to head the Council of Economic Advisers in the Clinton administration. She also served for six years as president of the Fed’s regional bank in San Francisco before Obama chose her in 2010 for the No. 2 spot on the Fed’s seven-member board in Washington.\u003c/p>\n\u003cp>In addition to helping devise the Fed’s rate policies, she has been instrumental in carrying out another top priority of Bernanke’s — making the Fed, an institution whose operations were long walled off from the public view, far more open and transparent. The Bernanke-led Fed did so through news conferences, clearer public communications and detailed guidance about the Fed’s expectations for the economy and policymaking.\u003c/p>\n\u003cp>Yellen, like Bernanke, was a distinguished college economics professor before joining the Fed. She taught at the University of California at Berkeley from 1980 until 1994 when President Bill Clinton chose her to join the Fed’s board in Washington. She served on the Fed’s board of governors until February 1997, when Clinton chose her to lead the White House Council of Economic Advisers.\u003c/p>\n\u003cp>Yellen would not only be the first woman to head the U.S. central bank; she also would be the first woman ever to head a major central bank anywhere in the world.\u003c/p>\n\u003cp>Yellen was born in Brooklyn and graduated from Brown University in 1967 with highest honors in economics. She received her doctorate in economics in 1971 from Yale, where she studied under the Nobel Prize-winning economist James Tobin. In a 1997 interview with Business Week magazine, Tobin described Yellen as having “a genius for expressing complicated arguments simply and clearly.”\u003c/p>\n\u003cp>She was an assistant professor at Harvard University from 1971 to 1976 and then worked as an economist at the Federal Reserve in Washington from 1977 to 1978. She met her husband, George Akerlof, in a Fed cafeteria. The two worked together for many years on the Berkeley faculty. Akerlof shared a Nobel in economics in 2001 with Joseph E. Stiglitz and A. Michael Spence.\u003c/p>\n\u003cp>[ad floatright]\u003c/p>\n\u003cp>Yellen was known as a pragmatist in her economic research, which ranged from studies on urban gang behavior to currency problems facing Germany after its reunification.\u003c/p>\n\n",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003cfigure id=\"attachment_114278\" class=\"wp-caption aligncenter\" style=\"max-width: 640px\">\u003ca href=\"http://ww2.kqed.org/news/2013/10/08/president-obama-nominates-janet-yellen-federal-reserve-chair/attachment/169837668/\" rel=\"attachment wp-att-114278\">\u003cimg loading=\"lazy\" decoding=\"async\" class=\"size-large wp-image-114278\" src=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2013/10/169837668-1024x640.jpg\" alt=\" Federal Reserve Vice Chair and UC Berkeley business Professor Janet Yellen speaks at a international monetary conference in Shanghai last June. (Peter Parks-AFP/Getty Images) \" width=\"640\" height=\"400\">\u003c/a>\u003cfigcaption class=\"wp-caption-text\">Federal Reserve Vice Chair and UC Berkeley business Professor Janet Yellen speaks at a international monetary conference in Shanghai last June. (Peter Parks-AFP/Getty Images)\u003c/figcaption>\u003c/figure>\n\u003cp>Several weeks ago, Larry Summers, the former Treasury Secretary and president of Harvard University, withdrew from consideration as chairman of the U.S. Federal Reserve. That led to widespread speculation that President Obama would nominate the Fed’s vice chair, UC Berkeley Haas School of Business Professor \u003ca href=\"http://newsroom.haas.berkeley.edu/article/janet-yellen-fact-sheet\" target=\"_blank\" rel=\"noopener\">Janet Yellen\u003c/a>. Today, the White House confirmed that, saying the nomination will be formally announced tomorrow.\u003c/p>\n\u003cp>What kind of Fed chair will Yellen make, amid a slow, low-job-growth recovery from the Great Recession and with the financial markets hanging on every whisper of central bank policy? KQED’s Mina Kim \u003ca href=\"http://ww2.kqed.org/news/2013/09/20/janet-yellen-fed/\" target=\"_blank\" rel=\"noopener\">asked\u003c/a> Yellen’s Berkeley colleague and friend Andrew Rose that question recently. Rose listed several of Yellen’s virtues:\u003c/p>\n\u003cblockquote>\u003cp>She’s an extremely accomplished economist, she has tremendous amount of experience both in monetary policy in general and running the Fed in particular. And she has enormously talented staff at her disposal. She’s also a consensus builder; she’s very persuasive and I don’t think she’ll have problems persuading the [Fed’s Open Market Committee] through the force of her arguments to follow her lead.\u003c/p>\u003c/blockquote>\n\u003cp>And then he mentioned a personal experience from a noted Bay Area natural disaster:\u003c/p>\n\u003cblockquote>\u003cp>I will also say that in a case of a major earthquake, she’s a good person to have next to you, as I know personally from my experience during the Loma Prieta quake in 1989. We were stuck in a doorjamb together, and she didn’t raise her voice. She was quite calm throughout when I was sure the building was going to collapse and we were going to die together.\u003c/p>\u003c/blockquote>\n\u003cp>\u003c!--more-->Here’s the Associated Press’s latest write-through on Yellen’s impending nomination:\u003c/p>\n\u003cp>\u003cstrong>By Jim Kuhnhenn and Martin Crutsinger\u003cbr>\nAssociated Press\u003c/strong>\u003c/p>\n\u003cp>\u003c/p>\u003c/div>",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003c/p>\n\u003cp>WASHINGTON — President Barack Obama will nominate Federal Reserve vice chair Janet Yellen to succeed Ben Bernanke as chairman of the nation’s central bank, the White House said Tuesday. Yellen would be the first woman to head the powerful Fed, taking over at a pivotal time for the economy and the banking industry.\u003c/p>\n\u003cp>Both Yellen and Bernanke are scheduled to appear with Obama at the White House on Wednesday for a formal announcement.\u003c/p>\n\u003cp>Bernanke’s term ends in January, completing a remarkable eight-year tenure in which he helped pull the U.S. economy out of the worst financial crisis and recession since the 1930’s.\u003c/p>\n\u003cp>Under Bernanke’s leadership, the Fed created extraordinary programs after the financial crisis erupted in 2008. It lent money to banks after credit markets froze, cut its key short-term interest rate to near zero and bought trillions in bonds to lower long-term borrowing rates.\u003c/p>\n\u003cp>Those programs are credited with helping save the U.S. banking system.\u003c/p>\n\u003cp>Yellen emerged as the leading candidate after Lawrence Summers, a former Treasury secretary whom Obama was thought to favor, withdrew from consideration last month in the face of rising opposition.\u003c/p>\n\u003cp>Yellen, 67, would likely continue steering Fed policy in the same direction as Bernanke. A close ally of the chairman, she has been a key architect of the Fed’s efforts under Bernanke to keep interest rates near record lows to support the economy.\u003c/p>\n\u003cp>As vice chair since 2010, Yellen has helped manage both the Fed’s traditional tool of short-term rates and the unconventional programs it launched to help sustain the economy after the financial crisis erupted in 2008. These include the Fed’s monthly bond purchases and its guidance to investors about the likely direction of rates.\u003c/p>\n\u003cp>“She’s an excellent choice and I believe she’ll be confirmed by a wide margin,” said Sen. Chuck Schumer, D-N.Y., a member of the Senate Banking, Housing and Urban Affairs Committee.\u003c/p>\n\u003cp>Obama’s choice of Yellen coincides with a key turning point for the Fed. Within the next several months, the Fed is expected to start slowing the pace of its Treasury and mortgage bond purchases if the economy strengthens. The Fed’s purchases have been intended to keep loan rates low to encourage borrowing and spending.\u003c/p>\n\u003cp>Yet even after the Fed scales back its bond buying, its policies will remain geared toward keeping borrowing rates low to try to accelerate growth and lower unemployment. The unemployment rate is a still-high 7.3 percent. Few expect the Fed to start raising the short-term rate it controls before 2015 at the earliest.\u003c/p>\n\u003cp>Yellen had long been considered a logical candidate for the chairmanship in part because of her expertise as an economist, her years as a top bank regulator and her experience in helping manage the Fed’s polices. Her understanding of the financial system is widely respected: Before the crisis struck, she was among a minority of top economists who had warned correctly that subprime mortgages posed a severe threat.\u003c/p>\n\u003cp>On the Fed, Yellen has built a reputation as a “dove” — someone who is typically more concerned about keeping interest rates low to reduce unemployment than about raising them to avert high inflation. Her nomination could face resistance from congressional critics who argue that the Fed’s low-rate policies have raised the risk of high inflation and might be breeding dangerous bubbles in assets like stocks or real estate.\u003c/p>\n\u003cp>Still, Yellen has said that when the economy finally begins growing faster and rates will need to be raised to prevent high inflation, she will move in that direction.\u003c/p>\n\u003cp>In the weeks leading to her selection, Yellen and Summers emerged as the two top contenders and were drawn into a highly unusual public battle. Yellen and Summers themselves kept quiet. But their warring camps waged a fight that stirred up Congress, spawned opinion columns and letters from Congress and triggered commentary from notables both inside and outside the economics profession.\u003c/p>\n\u003cp>Yellen drew outspoken support from Senate Democrats, a third of whom signed a letter this summer urging Obama to choose her. Last month, more than 350 economists signed a letter to Obama urging him to nominate Yellen. The letter argued that Yellen understands the relationship between interest-rate policy and economic growth, possesses a “nuanced understanding” of job markets and is inclined as a policymaker to consider all points of view.\u003c/p>\n\u003cp>If confirmed by the Senate, Yellen would be the first Democrat chosen to lead the Fed since Paul Volcker was picked by Jimmy Carter in 1979. Bernanke, who served for eight years, and his predecessor, Alan Greenspan, who did so for 18½ years, were Republicans. She would also be the first vice chair of the Fed to ascend to the chairmanship.\u003c/p>\n\u003cp>Yellen served as a Fed board member for three years in the 1990s before leaving to head the Council of Economic Advisers in the Clinton administration. She also served for six years as president of the Fed’s regional bank in San Francisco before Obama chose her in 2010 for the No. 2 spot on the Fed’s seven-member board in Washington.\u003c/p>\n\u003cp>In addition to helping devise the Fed’s rate policies, she has been instrumental in carrying out another top priority of Bernanke’s — making the Fed, an institution whose operations were long walled off from the public view, far more open and transparent. The Bernanke-led Fed did so through news conferences, clearer public communications and detailed guidance about the Fed’s expectations for the economy and policymaking.\u003c/p>\n\u003cp>Yellen, like Bernanke, was a distinguished college economics professor before joining the Fed. She taught at the University of California at Berkeley from 1980 until 1994 when President Bill Clinton chose her to join the Fed’s board in Washington. She served on the Fed’s board of governors until February 1997, when Clinton chose her to lead the White House Council of Economic Advisers.\u003c/p>\n\u003cp>Yellen would not only be the first woman to head the U.S. central bank; she also would be the first woman ever to head a major central bank anywhere in the world.\u003c/p>\n\u003cp>Yellen was born in Brooklyn and graduated from Brown University in 1967 with highest honors in economics. She received her doctorate in economics in 1971 from Yale, where she studied under the Nobel Prize-winning economist James Tobin. In a 1997 interview with Business Week magazine, Tobin described Yellen as having “a genius for expressing complicated arguments simply and clearly.”\u003c/p>\n\u003cp>She was an assistant professor at Harvard University from 1971 to 1976 and then worked as an economist at the Federal Reserve in Washington from 1977 to 1978. She met her husband, George Akerlof, in a Fed cafeteria. The two worked together for many years on the Berkeley faculty. Akerlof shared a Nobel in economics in 2001 with Joseph E. Stiglitz and A. Michael Spence.\u003c/p>\n\u003cp>\u003c/p>\u003c/div>",
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"disqusTitle": "Twitter Contemplates the Risks It May Face in the Future",
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"content": "\u003cfigure id=\"attachment_113735\" class=\"wp-caption alignnone\" style=\"max-width: 640px\">\u003ca href=\"http://ww2.kqed.org/news/2013/10/03/twitter-unveils-ipo-details-ticker-symbol-will-be-twtr/rs6714_photo-hpf/\" rel=\"attachment wp-att-113735\">\u003cimg class=\"size-full wp-image-113735\" src=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2013/10/RS6714_photo-hpf.jpg\" alt=\"Twitter headquarters, on Market Street in San Francisco (Olivia Hubert-Allen/KQED). \" width=\"640\" height=\"480\">\u003c/a>\u003cfigcaption class=\"wp-caption-text\">Twitter headquarters, on Market Street in San Francisco (Olivia Hubert-Allen/KQED).\u003c/figcaption>\u003c/figure>\n\u003cp>Buried deep within Twitter’s \u003cstrong>\u003ca href=\"http://www.sec.gov/Archives/edgar/data/1418091/000119312513390321/d564001ds1.htm#toc564001_4\">S-1 filing\u003c/a>\u003c/strong> last week — part of the process of preparing to go public — the micro-blogging service lists page after page of the kinds of business risks it faces that could undermine its success. It's kind of a pro forma exercise for companies getting ready to sell stock to investors on the open market: \"You know, we're a great company, and we'd love to have you buy in, but just be aware that you could lose your shirt in this deal.\"\u003c/p>\n\u003cp>Here are a few of the more amusing risks that Twitter listed when \u003ca href=\"http://ww2.kqed.org/news/2013/10/03/twitter-unveils-ipo-details-ticker-symbol-will-be-twtr/\" target=\"_blank\">it made its prospectus public\u003c/a> last week:\u003c/p>\n\u003cp>\u003cstrong>Remember Webvan?\u003c/strong>: \"A number of consumer-oriented websites that achieved early popularity have since seen their user bases or levels of engagement decline, in some cases precipitously. There is no guarantee that we will not experience a similar erosion of our user base or engagement levels.\"\u003c/p>\n\u003cp>\u003cstrong>Celebrities are fickle\u003c/strong>: \"(I)nfluential users, such as world leaders, government officials, celebrities, athletes, journalists, sports teams, media outlets and brands or certain age demographics (may) conclude that an alternative product or service is more relevant.\"\u003c/p>\n\u003cp>\u003cstrong>Spiced ham\u003c/strong>: \"(W)e are unable to combat spam or other hostile or inappropriate usage on our platform.\"\u003c/p>\n\u003cp>[ad fullwidth]\u003c/p>\n\u003cp>\u003cstrong>Non-people\u003c/strong>: \"(T)here are a number of false or spam accounts in existence on our platform. We currently estimate that false or spam accounts represent less than 5% of our (accounts).\"\u003c/p>\n\u003cp>\u003cstrong>Too much money\u003c/strong>: \"Moreover, liquidity available to our employee security holders following this offering could lead to disparities of wealth among our employees, which could adversely impact relations among employees and our culture in general. Our transition from a private company to a public company may result in a change to our corporate culture, which could harm our business.\"\u003c/p>\n\u003cp>There also are some distinctly \u003cem>un\u003c/em>amusing risks listed:\u003c/p>\n\u003cp>\u003cstrong>The NSA and hackers\u003c/strong>: \"(T)here are user concerns related to privacy and communication, safety, security or other factors.\"\u003c/p>\n\u003cp>\u003cstrong>Failure to scale\u003c/strong>: \"Our business and operating results may be harmed by a disruption in our service, or by our failure to timely and effectively scale and adapt our existing technology and infrastructure. ... For example, in July 2012, due to the failure of two parallel systems at nearly the same time in one of our data centers, Twitter became inaccessible for approximately two hours.\"\u003c/p>\n\u003cp>\u003cstrong>The San Andreas Fault (and terrorists)\u003c/strong>: \"Our headquarters and certain of our co-located data center facilities are located in the San Francisco Bay Area, a region known for seismic activity. Despite any precautions we may take, the occurrence of a natural disaster or other unanticipated problems at our data centers could result in lengthy interruptions in our services. In addition, acts of terrorism and other geopolitical unrest could cause disruptions in our business. All of the aforementioned risks may be further increased if our disaster recovery plans prove to be inadequate.\"\u003c/p>\n\u003cp>\u003c/p>\n\u003cp>\u003cstrong>Oops\u003c/strong>: \"We do not carry business interruption insurance sufficient to compensate us for the potentially significant losses, including the potential harm to our business that may result from interruptions in our ability to provide our products and services.\"\u003c/p>\n\n",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003cfigure id=\"attachment_113735\" class=\"wp-caption alignnone\" style=\"max-width: 640px\">\u003ca href=\"http://ww2.kqed.org/news/2013/10/03/twitter-unveils-ipo-details-ticker-symbol-will-be-twtr/rs6714_photo-hpf/\" rel=\"attachment wp-att-113735\">\u003cimg class=\"size-full wp-image-113735\" src=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2013/10/RS6714_photo-hpf.jpg\" alt=\"Twitter headquarters, on Market Street in San Francisco (Olivia Hubert-Allen/KQED). \" width=\"640\" height=\"480\">\u003c/a>\u003cfigcaption class=\"wp-caption-text\">Twitter headquarters, on Market Street in San Francisco (Olivia Hubert-Allen/KQED).\u003c/figcaption>\u003c/figure>\n\u003cp>Buried deep within Twitter’s \u003cstrong>\u003ca href=\"http://www.sec.gov/Archives/edgar/data/1418091/000119312513390321/d564001ds1.htm#toc564001_4\">S-1 filing\u003c/a>\u003c/strong> last week — part of the process of preparing to go public — the micro-blogging service lists page after page of the kinds of business risks it faces that could undermine its success. It's kind of a pro forma exercise for companies getting ready to sell stock to investors on the open market: \"You know, we're a great company, and we'd love to have you buy in, but just be aware that you could lose your shirt in this deal.\"\u003c/p>\n\u003cp>Here are a few of the more amusing risks that Twitter listed when \u003ca href=\"http://ww2.kqed.org/news/2013/10/03/twitter-unveils-ipo-details-ticker-symbol-will-be-twtr/\" target=\"_blank\">it made its prospectus public\u003c/a> last week:\u003c/p>\n\u003cp>\u003cstrong>Remember Webvan?\u003c/strong>: \"A number of consumer-oriented websites that achieved early popularity have since seen their user bases or levels of engagement decline, in some cases precipitously. There is no guarantee that we will not experience a similar erosion of our user base or engagement levels.\"\u003c/p>\n\u003cp>\u003cstrong>Celebrities are fickle\u003c/strong>: \"(I)nfluential users, such as world leaders, government officials, celebrities, athletes, journalists, sports teams, media outlets and brands or certain age demographics (may) conclude that an alternative product or service is more relevant.\"\u003c/p>\n\u003cp>\u003cstrong>Spiced ham\u003c/strong>: \"(W)e are unable to combat spam or other hostile or inappropriate usage on our platform.\"\u003c/p>\n\u003cp>\u003c/p>\u003c/div>",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003c/p>\n\u003cp>\u003cstrong>Non-people\u003c/strong>: \"(T)here are a number of false or spam accounts in existence on our platform. We currently estimate that false or spam accounts represent less than 5% of our (accounts).\"\u003c/p>\n\u003cp>\u003cstrong>Too much money\u003c/strong>: \"Moreover, liquidity available to our employee security holders following this offering could lead to disparities of wealth among our employees, which could adversely impact relations among employees and our culture in general. Our transition from a private company to a public company may result in a change to our corporate culture, which could harm our business.\"\u003c/p>\n\u003cp>There also are some distinctly \u003cem>un\u003c/em>amusing risks listed:\u003c/p>\n\u003cp>\u003cstrong>The NSA and hackers\u003c/strong>: \"(T)here are user concerns related to privacy and communication, safety, security or other factors.\"\u003c/p>\n\u003cp>\u003cstrong>Failure to scale\u003c/strong>: \"Our business and operating results may be harmed by a disruption in our service, or by our failure to timely and effectively scale and adapt our existing technology and infrastructure. ... For example, in July 2012, due to the failure of two parallel systems at nearly the same time in one of our data centers, Twitter became inaccessible for approximately two hours.\"\u003c/p>\n\u003cp>\u003cstrong>The San Andreas Fault (and terrorists)\u003c/strong>: \"Our headquarters and certain of our co-located data center facilities are located in the San Francisco Bay Area, a region known for seismic activity. Despite any precautions we may take, the occurrence of a natural disaster or other unanticipated problems at our data centers could result in lengthy interruptions in our services. In addition, acts of terrorism and other geopolitical unrest could cause disruptions in our business. All of the aforementioned risks may be further increased if our disaster recovery plans prove to be inadequate.\"\u003c/p>\n\u003cp>\u003c/p>\n\u003cp>\u003cstrong>Oops\u003c/strong>: \"We do not carry business interruption insurance sufficient to compensate us for the potentially significant losses, including the potential harm to our business that may result from interruptions in our ability to provide our products and services.\"\u003c/p>\n\n\u003c/div>\u003c/p>",
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"content": "\u003cfigure id=\"attachment_113006\" class=\"wp-caption alignright\" style=\"max-width: 300px\">\u003ca href=\"http://ww2.kqed.org/news/2013/09/27/to-create-jobs-a-city-becomes-an-investor/imgp1592-copy-2-1/\" rel=\"attachment wp-att-113006\">\u003cimg class=\"size-medium wp-image-113006 \" src=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2013/09/IMGP1592-Copy-2-1-300x200.jpg\" alt=\"This smart tractor manages rows of lettuce, with help from a Macbook. Credit: Foothill Packing, Inc.\" width=\"300\" height=\"200\">\u003c/a>\u003cfigcaption class=\"wp-caption-text\">This smart tractor manages rows of lettuce, with help from a MacBook. (Foothill Packing Inc.)\u003c/figcaption>\u003c/figure>\n\u003cp>Today, mayors from around the country are gathering in New York to talk about how they can rebuild their economies by courting technology companies.\u003c/p>\n\u003cp>Salinas already has a plan in place. The city just south of Silicon Valley is trying to capitalize on its lettuce fields by turning them into laboratories for tech entrepreneurs.\u003c/p>\n\u003cp>Tom Taggart, for example, has driven a lot of tractors. But the nearly 3-ton hunk of metal parked by a field in Salinas is smarter than the others.\u003c/p>\n\u003cp>He points to the dashboard and a screen where the rearview mirror would be. “Inside this compartment up here we’ve mounted a mini Mac computer, and it houses the lettuce program that does all this magical stuff,\" Taggart said.\u003c/p>\n\u003cp>Taggart is the technology director at Foothill Packing, a firm that farmers hire to manage their fields. He built this device to thin out crops. It uses cameras and sensors to create perfectly symmetrical rows of leafy greens.\u003c/p>\n\u003cp>[ad fullwidth]\u003c/p>\n\u003cp>Taggart said farmers can be quite skeptical. “When I come out here and say I’m pixelating their crop, they think I’m really doing something bad to it.”\u003c/p>\n\u003cp>Taggart assures them he’s not. He’s just gathering data for a MacBook program that directs the spray nozzles on the tractor. \u003cstrong>\u003c/strong>\u003c/p>\n\u003cp>The final product is heads of lettuce that are exactly 10 inches apart – not a quarter-inch off.\u003c!--more-->\u003c/p>\n\u003cp>\u003cstrong>A city turned seed investor\u003c/strong>\u003c/p>\n\u003cp>The smart tractor seems slick. But it’s pretty simple when you consider how far along cameras and sensors and wireless Internet have come, and how little the big farms have invested in digital tools.\u003c/p>\n\u003cp>There’s a lot of low-hanging fruit -- no pun intended -- that could change the game. The city of Salinas is trying to get in on the ag-tech boom by becoming an investor.\u003c/p>\n\u003caside class=\"pullquote alignleft\">“When I come out here and say I’m pixelating their crop, they think I’m really doing something bad to it.”\u003c/aside>\n\u003cp>Ray Corpuz is the city manager. He notes that beach towns pay ad agencies to attract tourists. But Salinas doesn’t have beaches. What it \u003cem>does\u003c/em> have, Corpuz said, are the best lettuce fields in the country. So, the city is marketing itself as the perfect laboratory for ag tech.\u003c/p>\n\u003cp>The public-private partnership includes a new nonprofit called the \u003ca href=\"http://steinbeckinnovation.org/\" target=\"_blank\">Steinbeck Innovation Foundation\u003c/a> -– named after John Steinbeck, a Salinas native who set his classic \"The Grapes of Wrath\" largely on California farms -- and a new venture capital fund that will invest in technologies that help the area's agricultural industry.\u003c/p>\n\u003cp>“We’re setting up a new business model actually for most local governments, for most cities,” Corpuz said. “None of them in this state of California are doing this.”\u003c/p>\n\u003cp>Corpuz said this is a dramatic move for Salinas. The midsize town is known for gang violence and high unemployment. Last year the city’s largest employer, Capital One Bank, shut down its local branch. More than 800 people lost their jobs.\u003c/p>\n\u003cp>“That’s a lot of people, so the economic setback was probably $60 million annually in payroll, which was a big hit for us,” he said.\u003c/p>\n\u003cp>Monterey County got federal and state grants to help laid-off workers rewrite their resumes. Salinas didn’t have access to similar funding because California shut down redevelopment programs for cities.\u003c/p>\n\u003cp>So, Salinas decided it would try to help create jobs by becoming a startup incubator. Corpuz said that when he tells other city managers, they look at him a bit cross-eyed and say, “It’s risky. Sounds like a great idea, but it sounds risky.”\u003c/p>\n\u003cp>\u003cstrong>A new venture fund\u003c/strong>\u003c/p>\n\u003cp>Salinas is paying SVG Partners, a venture capital firm based in San Jose, $180,000 to attract ag-tech investors and build links between local residents and Silicon Valley.\u003c/p>\n\u003cp>John Hartnett is the investor leading the project. He said cities need to spend less money on research and more on real-world plans.\u003c/p>\n\u003cp>“I didn’t need to spend a year to produce a report because it’s so obvious what needs to be done,” Hartnett said. “In many cities it’s obvious. It’s about taking the risk of execution.”\u003c/p>\n\u003cp>Silicon Valley’s venture-capital community already has a \u003ca href=\"http://www.pwc.com/us/en/technology/publications/moneytree-cleantech-venture-funding-q4-2012.jhtml\">big appetite for clean tech\u003c/a>. Hartnett said he can tap into that appetite for new ag-tech companies, and also get capital from the multi-billion-dollar farm industry based in the county.\u003c/p>\n\u003cp>Andrew Fernandez, vice president of raw product at \u003ca href=\"http://www.taylorfarms.com/index.php/About/about_us\" target=\"_blank\">Taylor Farms\u003c/a>, based in Salinas, said his company is struggling with a labor shortage, as seasonal workers increasingly stay in Mexico.\u003c/p>\n\u003cp>“All the farms are competing with each other for labor. We need machines and tools that help ease the need,” Fernandez said. “The workers just aren’t here.”\u003c/p>\n\u003cp>Hartnett said he can raise $50 million for the new Salinas venture fund by January.\u003c/p>\n\u003cp>\u003c/p>\n\u003cp>That goal is not legally binding. But Hartnett said, referring to the city manager, “If I’m not delivering, you know, he can fire me.”\u003c/p>\n\u003cdiv class=\"mceItemEmbedly\">\n\u003cdiv class=\"embedly\">\u003ciframe width=\"640\" height=\"166\" scrolling=\"no\" frameborder=\"no\" src=\"https://w.soundcloud.com/player/?url=http%3A%2F%2Fapi.soundcloud.com%2Ftracks%2F114464175&show_artwork=true&maxwidth=900\">\u003c/iframe>\n\u003cdiv class=\"embedly-clear\">\u003c/div>\n\u003cp>\u003cspan class=\"embedly-powered\" style=\"float:right\">\u003ca target=\"_blank\" href=\"http://embed.ly?src=anywhere\" title=\"Powered by Embedly\">\u003cimg src=\"//static.embed.ly/images/logos/embedly-powered-small-light.png\" alt=\"Embedly Powered\">\u003c/a>\u003c/span>\u003c/p>\n\u003cdiv class=\"media-attribution\">\u003cspan>via \u003c/span>\u003ca href=\"http://soundcloud.com\" class=\"media-attribution-link\" target=\"_blank\">SoundCloud\u003c/a>\u003c/div>\n\u003cdiv class=\"embedly-clear\">\u003c/div>\n\u003c/div>\n\u003c/div>\n\n",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003cfigure id=\"attachment_113006\" class=\"wp-caption alignright\" style=\"max-width: 300px\">\u003ca href=\"http://ww2.kqed.org/news/2013/09/27/to-create-jobs-a-city-becomes-an-investor/imgp1592-copy-2-1/\" rel=\"attachment wp-att-113006\">\u003cimg class=\"size-medium wp-image-113006 \" src=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2013/09/IMGP1592-Copy-2-1-300x200.jpg\" alt=\"This smart tractor manages rows of lettuce, with help from a Macbook. Credit: Foothill Packing, Inc.\" width=\"300\" height=\"200\">\u003c/a>\u003cfigcaption class=\"wp-caption-text\">This smart tractor manages rows of lettuce, with help from a MacBook. (Foothill Packing Inc.)\u003c/figcaption>\u003c/figure>\n\u003cp>Today, mayors from around the country are gathering in New York to talk about how they can rebuild their economies by courting technology companies.\u003c/p>\n\u003cp>Salinas already has a plan in place. The city just south of Silicon Valley is trying to capitalize on its lettuce fields by turning them into laboratories for tech entrepreneurs.\u003c/p>\n\u003cp>Tom Taggart, for example, has driven a lot of tractors. But the nearly 3-ton hunk of metal parked by a field in Salinas is smarter than the others.\u003c/p>\n\u003cp>He points to the dashboard and a screen where the rearview mirror would be. “Inside this compartment up here we’ve mounted a mini Mac computer, and it houses the lettuce program that does all this magical stuff,\" Taggart said.\u003c/p>\n\u003cp>Taggart is the technology director at Foothill Packing, a firm that farmers hire to manage their fields. He built this device to thin out crops. It uses cameras and sensors to create perfectly symmetrical rows of leafy greens.\u003c/p>\n\u003cp>\u003c/p>\u003c/div>",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003c/p>\n\u003cp>Taggart said farmers can be quite skeptical. “When I come out here and say I’m pixelating their crop, they think I’m really doing something bad to it.”\u003c/p>\n\u003cp>Taggart assures them he’s not. He’s just gathering data for a MacBook program that directs the spray nozzles on the tractor. \u003cstrong>\u003c/strong>\u003c/p>\n\u003cp>The final product is heads of lettuce that are exactly 10 inches apart – not a quarter-inch off.\u003c!--more-->\u003c/p>\n\u003cp>\u003cstrong>A city turned seed investor\u003c/strong>\u003c/p>\n\u003cp>The smart tractor seems slick. But it’s pretty simple when you consider how far along cameras and sensors and wireless Internet have come, and how little the big farms have invested in digital tools.\u003c/p>\n\u003cp>There’s a lot of low-hanging fruit -- no pun intended -- that could change the game. The city of Salinas is trying to get in on the ag-tech boom by becoming an investor.\u003c/p>\n\u003caside class=\"pullquote alignleft\">“When I come out here and say I’m pixelating their crop, they think I’m really doing something bad to it.”\u003c/aside>\n\u003cp>Ray Corpuz is the city manager. He notes that beach towns pay ad agencies to attract tourists. But Salinas doesn’t have beaches. What it \u003cem>does\u003c/em> have, Corpuz said, are the best lettuce fields in the country. So, the city is marketing itself as the perfect laboratory for ag tech.\u003c/p>\n\u003cp>The public-private partnership includes a new nonprofit called the \u003ca href=\"http://steinbeckinnovation.org/\" target=\"_blank\">Steinbeck Innovation Foundation\u003c/a> -– named after John Steinbeck, a Salinas native who set his classic \"The Grapes of Wrath\" largely on California farms -- and a new venture capital fund that will invest in technologies that help the area's agricultural industry.\u003c/p>\n\u003cp>“We’re setting up a new business model actually for most local governments, for most cities,” Corpuz said. “None of them in this state of California are doing this.”\u003c/p>\n\u003cp>Corpuz said this is a dramatic move for Salinas. The midsize town is known for gang violence and high unemployment. Last year the city’s largest employer, Capital One Bank, shut down its local branch. More than 800 people lost their jobs.\u003c/p>\n\u003cp>“That’s a lot of people, so the economic setback was probably $60 million annually in payroll, which was a big hit for us,” he said.\u003c/p>\n\u003cp>Monterey County got federal and state grants to help laid-off workers rewrite their resumes. Salinas didn’t have access to similar funding because California shut down redevelopment programs for cities.\u003c/p>\n\u003cp>So, Salinas decided it would try to help create jobs by becoming a startup incubator. Corpuz said that when he tells other city managers, they look at him a bit cross-eyed and say, “It’s risky. Sounds like a great idea, but it sounds risky.”\u003c/p>\n\u003cp>\u003cstrong>A new venture fund\u003c/strong>\u003c/p>\n\u003cp>Salinas is paying SVG Partners, a venture capital firm based in San Jose, $180,000 to attract ag-tech investors and build links between local residents and Silicon Valley.\u003c/p>\n\u003cp>John Hartnett is the investor leading the project. He said cities need to spend less money on research and more on real-world plans.\u003c/p>\n\u003cp>“I didn’t need to spend a year to produce a report because it’s so obvious what needs to be done,” Hartnett said. “In many cities it’s obvious. It’s about taking the risk of execution.”\u003c/p>\n\u003cp>Silicon Valley’s venture-capital community already has a \u003ca href=\"http://www.pwc.com/us/en/technology/publications/moneytree-cleantech-venture-funding-q4-2012.jhtml\">big appetite for clean tech\u003c/a>. Hartnett said he can tap into that appetite for new ag-tech companies, and also get capital from the multi-billion-dollar farm industry based in the county.\u003c/p>\n\u003cp>Andrew Fernandez, vice president of raw product at \u003ca href=\"http://www.taylorfarms.com/index.php/About/about_us\" target=\"_blank\">Taylor Farms\u003c/a>, based in Salinas, said his company is struggling with a labor shortage, as seasonal workers increasingly stay in Mexico.\u003c/p>\n\u003cp>“All the farms are competing with each other for labor. We need machines and tools that help ease the need,” Fernandez said. “The workers just aren’t here.”\u003c/p>\n\u003cp>Hartnett said he can raise $50 million for the new Salinas venture fund by January.\u003c/p>\n\u003cp>\u003c/p>\n\u003cp>That goal is not legally binding. 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"content": "\u003cp>SAN FRANCISCO (AP) — Trendy clothing retailer Abercrombie & Fitch has agreed to make religious accommodations and allow workers to wear headscarves as part of a settlement of discrimination lawsuits filed in California, lawyers announced Monday.\u003c/p>\n\u003cfigure id=\"attachment_32548\" class=\"wp-caption alignleft\" style=\"max-width: 235px\">\u003cimg class=\"size-full wp-image-32548\" src=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2011/06/sfhijab.jpg\" alt=\"Hani Khan speaks at a press conference announcing her lawsuit.\" width=\"235\" height=\"230\">\u003cfigcaption class=\"wp-caption-text\">Hani Khan speaks at a 2011 press conference announcing her lawsuit. Courtesy CA CAIR\u003c/figcaption>\u003c/figure>\n\u003cp>The retailer will now allow hijabs, the traditional headscarves worn by many Muslim women when in public.\u003c/p>\n\u003cp>One judge determined the Ohio-based company fired a Muslim worker from a California store, while another judge said it refused to hire another woman in the state because of their refusal to remove their hijabs during work.\u003c/p>\n\u003cp>The rulings came after the U.S. Equal Employment Opportunity Commission filed lawsuits on behalf of both women.\u003c/p>\n\u003cp>In court papers filed Friday, Abercrombie agreed to pay the women a combined $71,000 and unspecified attorney fees. Additionally, it has established an appeals process for workers who believe they were denied religious accommodations.\u003c/p>\n\u003caside class=\"pullquote alignleft\">\u003ca href=\"http://ww2.kqed.org/news/2011/06/28/another-abercrombie-fitch-hijab-lawsuit/\" target=\"_blank\">Abercrombie Lawsuit One of Several Aimed at \"Look Policy\"\u003c/a> (News Fix, 2011)\u003c/aside>\n\u003cp>\"Abercrombie & Fitch does not discriminate based on religion, and we grant reasonable religious accommodations when they are requested,\" the company said in a statement. \"With respect to hijabs, in particular, we determined three years ago to institute policy changes that would allow such headwear.\"\u003c/p>\n\u003cp>[ad fullwidth]\u003c/p>\n\u003cp>Abercrombie will pay Hani Khan $48,000 after firing her four months after she began working in the company's San Mateo store in 2009. She had been allowed to wear a hijab that matched the company's colors until a district manager visited the store in February 2010 and saw her for the first time in a hijab. \u003c!--more-->\u003c/p>\n\u003cp>Khan was fired soon after when the company determined hijabs violated the company's \"look policy\" and detracted from its brand, the lawsuit stated.\u003c/p>\n\u003cdiv style=\"text-align: center\">\u003ca href=\"http://www.youtube.com/watch?v=xCTC5BSpQZ0\" target=\"_blank\">2011 CNN report on lawsuit\u003c/a>\u003c/div>\n\u003cdiv style=\"text-align: center\">[youtube http://www.youtube.com/watch?v=xCTC5BSpQZ0]\u003c/div>\n\u003cp> \u003c/p>\n\u003cp>\"It wasn't about the money,\" Khan, 23, said at a San Francisco news conference. \"It was a matter of principle.\"\u003c/p>\n\u003cp>Khan recently graduated from college and is looking for work.\u003c/p>\n\u003cp>Halla Banafa will receive $23,000 to settle her lawsuit that alleged Abercrombie discriminated by refusing to give her a job at its Milpitas store in 2008 when she was 18. Banafa didn't attend the press conference Monday.\u003c/p>\n\u003cp>\u003c/p>\n\u003cp>Khan's trial had been scheduled to begin in Oakland on Sept. 30. A judge previously found that Abercrombie was liable for discrimination and all that was left for jurors to decide was how much Abercrombie should pay and what it needed to do to rectify the policy.\u003c/p>\n\n",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003c/p>\n\u003cp>Abercrombie will pay Hani Khan $48,000 after firing her four months after she began working in the company's San Mateo store in 2009. She had been allowed to wear a hijab that matched the company's colors until a district manager visited the store in February 2010 and saw her for the first time in a hijab. \u003c!--more-->\u003c/p>\n\u003cp>Khan was fired soon after when the company determined hijabs violated the company's \"look policy\" and detracted from its brand, the lawsuit stated.\u003c/p>\n\u003cdiv style=\"text-align: center\">\u003ca href=\"http://www.youtube.com/watch?v=xCTC5BSpQZ0\" target=\"_blank\">2011 CNN report on lawsuit\u003c/a>\u003c/div>\n\u003cdiv style=\"text-align: center\">\u003c/p>\u003cp>\u003cspan class='utils-parseShortcode-shortcodes-__youtubeShortcode__embedYoutube'>\n \u003cspan class='utils-parseShortcode-shortcodes-__youtubeShortcode__embedYoutubeInside'>\n \u003ciframe\n loading='lazy'\n class='utils-parseShortcode-shortcodes-__youtubeShortcode__youtubePlayer'\n type='text/html'\n src='//www.youtube.com/embed/xCTC5BSpQZ0'\n title='//www.youtube.com/embed/xCTC5BSpQZ0'\n allowfullscreen='true'\n style='border:0;'>\u003c/iframe>\n \u003c/span>\n \u003c/span>\u003c/p>\u003cp>\u003c/div>\n\u003cp> \u003c/p>\n\u003cp>\"It wasn't about the money,\" Khan, 23, said at a San Francisco news conference. \"It was a matter of principle.\"\u003c/p>\n\u003cp>Khan recently graduated from college and is looking for work.\u003c/p>\n\u003cp>Halla Banafa will receive $23,000 to settle her lawsuit that alleged Abercrombie discriminated by refusing to give her a job at its Milpitas store in 2008 when she was 18. Banafa didn't attend the press conference Monday.\u003c/p>\n\u003cp>\u003c/p>\n\u003cp>Khan's trial had been scheduled to begin in Oakland on Sept. 30. A judge previously found that Abercrombie was liable for discrimination and all that was left for jurors to decide was how much Abercrombie should pay and what it needed to do to rectify the policy.\u003c/p>\n\n\u003c/div>\u003c/p>",
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"content": "\u003cfigure id=\"attachment_110845\" class=\"wp-caption aligncenter\" style=\"max-width: 640px\">\u003ca href=\"http://ww2.kqed.org/news/2013/09/11/google-street-view-wiretapping-appeals-court-ruling/rs378_google_082411-scr/\" rel=\"attachment wp-att-110845\">\u003cimg class=\"size-full wp-image-110845 \" src=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2013/09/RS378_Google_082411-scr-e1378918079421.jpg\" alt=\"Google's headquarters, and many of its office buildings, are in Mountain View.\" width=\"640\" height=\"404\">\u003c/a>\u003cfigcaption class=\"wp-caption-text\">Google's headquarters, and many of its office buildings, are in Mountain View.\u003c/figcaption>\u003c/figure>\n\u003cp>Judging by recent acquisitions, \u003ca href=\"http://www.google.com/about/company/\">Google\u003c/a> loves Mountain View.\u003c/p>\n\u003cp>The \u003ca href=\"http://www.bizjournals.com/sanjose/news/2013/09/20/google-drops-235m-on-equity-office.html\">Silicon Valley Business Journal\u003c/a> reports that the search giant, in its largest property purchase of the year, just paid $235.5 million to acquire a six-building portfolio in Mountain View. This includes two buildings currently leased to another blue-chip corporate tenant, Symantec.\u003c/p>\n\u003cblockquote>\u003cp>The transaction, which totaled just over 400,000 square feet of office space, is the latest in a string of major leases and acquisitions for Google. Many of those deals have closed in the third quarter as the search giant continues a breathtaking expansion and hiring binge.\u003c/p>\u003c/blockquote>\n\u003cp>The Journal goes on to detail the properties:\u003c/p>\n\u003cul>\n\u003cli>\u003cstrong>Mountain View Technology Center,\u003c/strong> a 131,500-square-foot, two-building project at 313 and 323 Fairchild Drive, for which Google paid $82.2 million, or $625 per square foot.\u003c/li>\n\u003cli>\u003cstrong>Gateway Center,\u003c/strong> a 236,400-square-foot project at 401 Ellis St. and 500 E. Middlefield Drive. Google paid $138.8 million, or $587 per square foot.\u003c/li>\n\u003cli>\u003cstrong>485 and 495 Clyde Ave.\u003c/strong>, a pair of R&D buildings totaling 64,800 square feet. Google paid $15 million, or $230 per square foot.\u003c/li>\n\u003c/ul>\n\u003cp>Google has leased the Fairchild Research Center since June 2011. Symantec currently occupies Gateway Center, and OpenTV, a television-tech company, is the main tenant in the Clyde Avenue buildings.\u003c/p>\n\u003cp>[ad fullwidth]\u003c/p>\u003cp>\u003c/p>\n",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003cfigure id=\"attachment_110845\" class=\"wp-caption aligncenter\" style=\"max-width: 640px\">\u003ca href=\"http://ww2.kqed.org/news/2013/09/11/google-street-view-wiretapping-appeals-court-ruling/rs378_google_082411-scr/\" rel=\"attachment wp-att-110845\">\u003cimg class=\"size-full wp-image-110845 \" src=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2013/09/RS378_Google_082411-scr-e1378918079421.jpg\" alt=\"Google's headquarters, and many of its office buildings, are in Mountain View.\" width=\"640\" height=\"404\">\u003c/a>\u003cfigcaption class=\"wp-caption-text\">Google's headquarters, and many of its office buildings, are in Mountain View.\u003c/figcaption>\u003c/figure>\n\u003cp>Judging by recent acquisitions, \u003ca href=\"http://www.google.com/about/company/\">Google\u003c/a> loves Mountain View.\u003c/p>\n\u003cp>The \u003ca href=\"http://www.bizjournals.com/sanjose/news/2013/09/20/google-drops-235m-on-equity-office.html\">Silicon Valley Business Journal\u003c/a> reports that the search giant, in its largest property purchase of the year, just paid $235.5 million to acquire a six-building portfolio in Mountain View. This includes two buildings currently leased to another blue-chip corporate tenant, Symantec.\u003c/p>\n\u003cblockquote>\u003cp>The transaction, which totaled just over 400,000 square feet of office space, is the latest in a string of major leases and acquisitions for Google. Many of those deals have closed in the third quarter as the search giant continues a breathtaking expansion and hiring binge.\u003c/p>\u003c/blockquote>\n\u003cp>The Journal goes on to detail the properties:\u003c/p>\n\u003cul>\n\u003cli>\u003cstrong>Mountain View Technology Center,\u003c/strong> a 131,500-square-foot, two-building project at 313 and 323 Fairchild Drive, for which Google paid $82.2 million, or $625 per square foot.\u003c/li>\n\u003cli>\u003cstrong>Gateway Center,\u003c/strong> a 236,400-square-foot project at 401 Ellis St. and 500 E. Middlefield Drive. Google paid $138.8 million, or $587 per square foot.\u003c/li>\n\u003cli>\u003cstrong>485 and 495 Clyde Ave.\u003c/strong>, a pair of R&D buildings totaling 64,800 square feet. Google paid $15 million, or $230 per square foot.\u003c/li>\n\u003c/ul>\n\u003cp>Google has leased the Fairchild Research Center since June 2011. Symantec currently occupies Gateway Center, and OpenTV, a television-tech company, is the main tenant in the Clyde Avenue buildings.\u003c/p>\n\u003cp>\u003c/p>\u003c/div>",
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"disqusTitle": "Oakland on the Move to Attract More Visitors",
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"content": "\u003cp>Staff of \u003ca href=\"http://visitoakland.org/\">Oakland's tourism bureau \u003c/a>will hit the road Saturday to spread the word about all that's good in the East Bay city.\u003c/p>\n\u003cfigure id=\"attachment_112153\" class=\"wp-caption alignright\" style=\"max-width: 300px\">\u003ca href=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2013/09/Oakland-Ray-640.jpg\">\u003cimg class=\"size-medium wp-image-112153\" src=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2013/09/Oakland-Ray-640-300x209.jpg\" alt='\"Ray,\" the mobile visitor center. (Photo courtesy of VisitOakland.org)' width=\"300\" height=\"209\">\u003c/a>\u003cfigcaption class=\"wp-caption-text\">\"Ray,\" the mobile visitor center. (Photo courtesy of VisitOakland.org)\u003c/figcaption>\u003c/figure>\n\u003cp>They'll hop in a van that reads \"\u003ca href=\"http://visitoakland.org/uncategorized/meet-ray-the-mobile-visitor-center\">Visit Oakland\u003c/a>\" in bright blue letters and head to coastal cities like Monterey, San Luis Obispo and Santa Barbara to convince residents there to make Oakland their next weekend getaway. They'll also address any concerns people may have about crime.\u003c/p>\n\u003cp>It's all part of a larger campaign to improve the city's image and draw more tourist dollars.\u003c/p>\n\u003cp>\u003cstrong>Alison Best\u003c/strong>, president and CEO of Visit Oakland, the city's tourism bureau, spoke with KQED's \u003cstrong>Mina Kim\u003c/strong> about the push to get more visitors.\u003c/p>\n\u003cp>Listen to the interview:\u003c/p>\n\u003cdiv>\n\u003cdiv class=\"embedly\">\u003ciframe src=\"https://w.soundcloud.com/player/?url=http%3A%2F%2Fapi.soundcloud.com%2Ftracks%2F111485237&show_artwork=true&maxwidth=900\" frameborder=\"no\" scrolling=\"no\" width=\"640\" height=\"166\">\u003c/iframe>\n\u003cdiv class=\"embedly-clear\">\u003c/div>\n\u003cp>\u003cspan class=\"embedly-powered\" style=\"float: right\">\u003ca title=\"Powered by Embedly\" href=\"http://embed.ly?src=anywhere\" target=\"_blank\">\u003cimg src=\"//static.embed.ly/images/logos/embedly-powered-small-light.png\" alt=\"Embedly Powered\">\u003c/a>\u003c/span>\u003c/p>\n\u003cdiv class=\"media-attribution\">\u003cspan>via \u003c/span>\u003ca class=\"media-attribution-link\" href=\"http://soundcloud.com\" target=\"_blank\">SoundCloud\u003c/a>\u003c/div>\n\u003cdiv class=\"embedly-clear\">\u003c/div>\n\u003c/div>\n\u003c/div>\n\u003cp> \u003c/p>\n\u003cp>[ad fullwidth]\u003c/p>\n\u003cp>Read the edited transcript:\u003c/p>\n\u003cp>\u003cstrong>MINA KIM\u003c/strong>: Ms. Best, I understand you hired a consultant to learn what visitors think about the city. What did you find out?\u003c/p>\n\u003cp>\u003cstrong>ALISON BEST\u003c/strong>: That there's a great pride in Oakland. There's everything that a destination could want -- from the redwood forest to the ocean to diversity to arts. But there was also an underlying challenge of urban crime that a lot of urban cities deal with. But in Oakland, in particular, it's been able to lead the destination story because we haven't been very proactive in telling the positive news.\u003c!--more-->\u003c/p>\n\u003cp>\u003cstrong>KIM\u003c/strong>: So what will the staff highlight about Oakland?\u003c/p>\n\u003cp>\u003cstrong>BEST\u003c/strong>: Well, I think it is the two-, three-, four-day activities that you can do here in Oakland that people just aren't aware of. Right now, I'm standing in an area called Fruitvale, which is largely Latino and has amazing Mexican food. I'm in an industrial arts corridor now that is sort of an emerging part of town, and there's just unknown gems in our city. You can be up in the woods, you can be out on the water, you can Segway, you can eat your way around Oakland.\u003c/p>\n\u003cp>\u003cstrong>KIM\u003c/strong>: Knowing that crime will be on some people's minds, what will your staff say to people who are worried about getting mugged, for example?\u003c/p>\n\u003cp>\u003cstrong>BEST\u003c/strong>: Our message is we are an urban city, and in a growing urban city there will always be an element of crime, and Oakland is no different. We're not going to tiptoe around it, but I think there are so many positives, and there are beautiful parts of Oakland.\u003c/p>\n\u003cp>\u003cstrong>KIM\u003c/strong>: So it sounds like you're saying the crime in Oakland is not unusual. What's unusual is that Oakland has done such a poor job of highlighting its positives.\u003c/p>\n\u003cp>\u003cstrong>BEST\u003c/strong>: Yeah, I would say that that's true. We really have an opportunity to shine a positive spotlight on Oakland, and which many cities have done very well for years. I mean, if you or I were to go to New Orleans, we would go because we know there's great music, and there's great food, and there's a pulse there that drives us to that place. I think we need to define what's special about Oakland, and then get that out so that people have something to define us by.\u003c/p>\n\u003cp>\u003cstrong>KIM\u003c/strong>: What city improvements are you advocating for to make the city more tourist friendly?\u003c/p>\n\u003cp>\u003cstrong>BEST\u003c/strong>: Way-finding is the most obvious. Looking at the entry points into Oakland. What do those entry points look like? We have the new, beautiful Bay Bridge, but how can we have people come off the bridge and know clearly where they're going? How can we improve the 880 corridors that links our beautiful airport to downtown?\u003c/p>\n\u003cp>\u003cstrong>KIM\u003c/strong>: So, better lighting, better signage...\u003c/p>\n\u003cp>\u003cstrong>BEST\u003c/strong>: Better lighting, graffiti abatement, beautification of medians.\u003c/p>\n\u003cp>\u003cstrong>KIM\u003c/strong>: And this is just the beginning. Are you planning on doing road shows outside of California?\u003c/p>\n\u003cp>\u003c/p>\n\u003cp>\u003cstrong>BEST\u003c/strong>: Yeah, we're looking at our feeder markets. So we'll probably take the mobile car to Portland and hit a festival or two there. We may even take it as far as Vancouver and Seattle because that's a big market for us. We look forward getting out there on the road and really highlighting Oakland originals on this trip. \u003ca href=\"http://oaklandish.com/\">Oaklandish\u003c/a>, one of our great retail stores here designed a T-shirt with all sorts of things that originated in Oakland -- like the Popsicle and Rocky Road ice cream and the fortune cookie, and we're just going along the coast and just dropping in and saying look, Oakland is open for business and we're so proud of it, and we'd love you to come and visit. We're a short drive. Join our newsletter and follow what we're doing.\u003c/p>\n\n",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003cp>Staff of \u003ca href=\"http://visitoakland.org/\">Oakland's tourism bureau \u003c/a>will hit the road Saturday to spread the word about all that's good in the East Bay city.\u003c/p>\n\u003cfigure id=\"attachment_112153\" class=\"wp-caption alignright\" style=\"max-width: 300px\">\u003ca href=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2013/09/Oakland-Ray-640.jpg\">\u003cimg class=\"size-medium wp-image-112153\" src=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2013/09/Oakland-Ray-640-300x209.jpg\" alt='\"Ray,\" the mobile visitor center. (Photo courtesy of VisitOakland.org)' width=\"300\" height=\"209\">\u003c/a>\u003cfigcaption class=\"wp-caption-text\">\"Ray,\" the mobile visitor center. (Photo courtesy of VisitOakland.org)\u003c/figcaption>\u003c/figure>\n\u003cp>They'll hop in a van that reads \"\u003ca href=\"http://visitoakland.org/uncategorized/meet-ray-the-mobile-visitor-center\">Visit Oakland\u003c/a>\" in bright blue letters and head to coastal cities like Monterey, San Luis Obispo and Santa Barbara to convince residents there to make Oakland their next weekend getaway. They'll also address any concerns people may have about crime.\u003c/p>\n\u003cp>It's all part of a larger campaign to improve the city's image and draw more tourist dollars.\u003c/p>\n\u003cp>\u003cstrong>Alison Best\u003c/strong>, president and CEO of Visit Oakland, the city's tourism bureau, spoke with KQED's \u003cstrong>Mina Kim\u003c/strong> about the push to get more visitors.\u003c/p>\n\u003cp>Listen to the interview:\u003c/p>\n\u003cdiv>\n\u003cdiv class=\"embedly\">\u003ciframe src=\"https://w.soundcloud.com/player/?url=http%3A%2F%2Fapi.soundcloud.com%2Ftracks%2F111485237&show_artwork=true&maxwidth=900\" frameborder=\"no\" scrolling=\"no\" width=\"640\" height=\"166\">\u003c/iframe>\n\u003cdiv class=\"embedly-clear\">\u003c/div>\n\u003cp>\u003cspan class=\"embedly-powered\" style=\"float: right\">\u003ca title=\"Powered by Embedly\" href=\"http://embed.ly?src=anywhere\" target=\"_blank\">\u003cimg src=\"//static.embed.ly/images/logos/embedly-powered-small-light.png\" alt=\"Embedly Powered\">\u003c/a>\u003c/span>\u003c/p>\n\u003cdiv class=\"media-attribution\">\u003cspan>via \u003c/span>\u003ca class=\"media-attribution-link\" href=\"http://soundcloud.com\" target=\"_blank\">SoundCloud\u003c/a>\u003c/div>\n\u003cdiv class=\"embedly-clear\">\u003c/div>\n\u003c/div>\n\u003c/div>\n\u003cp> \u003c/p>\n\u003cp>\u003c/p>\u003c/div>",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003c/p>\n\u003cp>Read the edited transcript:\u003c/p>\n\u003cp>\u003cstrong>MINA KIM\u003c/strong>: Ms. Best, I understand you hired a consultant to learn what visitors think about the city. What did you find out?\u003c/p>\n\u003cp>\u003cstrong>ALISON BEST\u003c/strong>: That there's a great pride in Oakland. There's everything that a destination could want -- from the redwood forest to the ocean to diversity to arts. But there was also an underlying challenge of urban crime that a lot of urban cities deal with. But in Oakland, in particular, it's been able to lead the destination story because we haven't been very proactive in telling the positive news.\u003c!--more-->\u003c/p>\n\u003cp>\u003cstrong>KIM\u003c/strong>: So what will the staff highlight about Oakland?\u003c/p>\n\u003cp>\u003cstrong>BEST\u003c/strong>: Well, I think it is the two-, three-, four-day activities that you can do here in Oakland that people just aren't aware of. Right now, I'm standing in an area called Fruitvale, which is largely Latino and has amazing Mexican food. I'm in an industrial arts corridor now that is sort of an emerging part of town, and there's just unknown gems in our city. You can be up in the woods, you can be out on the water, you can Segway, you can eat your way around Oakland.\u003c/p>\n\u003cp>\u003cstrong>KIM\u003c/strong>: Knowing that crime will be on some people's minds, what will your staff say to people who are worried about getting mugged, for example?\u003c/p>\n\u003cp>\u003cstrong>BEST\u003c/strong>: Our message is we are an urban city, and in a growing urban city there will always be an element of crime, and Oakland is no different. We're not going to tiptoe around it, but I think there are so many positives, and there are beautiful parts of Oakland.\u003c/p>\n\u003cp>\u003cstrong>KIM\u003c/strong>: So it sounds like you're saying the crime in Oakland is not unusual. What's unusual is that Oakland has done such a poor job of highlighting its positives.\u003c/p>\n\u003cp>\u003cstrong>BEST\u003c/strong>: Yeah, I would say that that's true. We really have an opportunity to shine a positive spotlight on Oakland, and which many cities have done very well for years. I mean, if you or I were to go to New Orleans, we would go because we know there's great music, and there's great food, and there's a pulse there that drives us to that place. I think we need to define what's special about Oakland, and then get that out so that people have something to define us by.\u003c/p>\n\u003cp>\u003cstrong>KIM\u003c/strong>: What city improvements are you advocating for to make the city more tourist friendly?\u003c/p>\n\u003cp>\u003cstrong>BEST\u003c/strong>: Way-finding is the most obvious. Looking at the entry points into Oakland. What do those entry points look like? We have the new, beautiful Bay Bridge, but how can we have people come off the bridge and know clearly where they're going? How can we improve the 880 corridors that links our beautiful airport to downtown?\u003c/p>\n\u003cp>\u003cstrong>KIM\u003c/strong>: So, better lighting, better signage...\u003c/p>\n\u003cp>\u003cstrong>BEST\u003c/strong>: Better lighting, graffiti abatement, beautification of medians.\u003c/p>\n\u003cp>\u003cstrong>KIM\u003c/strong>: And this is just the beginning. Are you planning on doing road shows outside of California?\u003c/p>\n\u003cp>\u003c/p>\n\u003cp>\u003cstrong>BEST\u003c/strong>: Yeah, we're looking at our feeder markets. So we'll probably take the mobile car to Portland and hit a festival or two there. We may even take it as far as Vancouver and Seattle because that's a big market for us. We look forward getting out there on the road and really highlighting Oakland originals on this trip. \u003ca href=\"http://oaklandish.com/\">Oaklandish\u003c/a>, one of our great retail stores here designed a T-shirt with all sorts of things that originated in Oakland -- like the Popsicle and Rocky Road ice cream and the fortune cookie, and we're just going along the coast and just dropping in and saying look, Oakland is open for business and we're so proud of it, and we'd love you to come and visit. We're a short drive. Join our newsletter and follow what we're doing.\u003c/p>\n\n\u003c/div>\u003c/p>",
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"disqusTitle": "Obama Moves to Limit Power-Plant Carbon Pollution ",
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"content": "\u003cp>WASHINGTON (AP) — Linking global warming to public health, disease and extreme weather, the Obama administration pressed ahead Friday with tough requirements to limit carbon pollution from new power plants, despite protests from industry and Republicans that it would dim coal's future.\u003c/p>\n\u003cfigure id=\"attachment_103775\" class=\"wp-caption alignleft\" style=\"max-width: 300px\">\u003cimg class=\"size-medium wp-image-103775\" src=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2013/07/climate.jpg-300x225.jpg\" alt=\"Photo: Craig Miller/KQED\" width=\"300\" height=\"225\">\u003cfigcaption class=\"wp-caption-text\">(Craig Miller/KQED) \u003ccite>(Craig Miller/KQED)\u003c/cite>\u003c/figcaption>\u003c/figure>\n\u003cp>The proposal, which would set the first national limits on heat-trapping pollution from future power plants, is intended to help reshape where Americans get electricity, moving from a coal-dependent past into a future fired by cleaner sources of energy. It's also a key step in President Barack Obama's global warming plans, because it would put in motion plans to end what he called \"the limitless dumping of carbon pollution\" from all power plants.\u003c/p>\n\u003cp>Under the law once the Environmental Protection Agency controls carbon at new plants, it will also control carbon at existing plants — a regulation the agency said Friday it would start work on immediately to meet a June 2014 deadline.\u003c/p>\n\u003cp>Yet the federal government's own analysis of the new power plant proposal concludes that it would have a \"negligible\" impact on carbon dioxide emissions, pose little to no costs for the industry and provide no additional benefits to the public by 2022. That's because it essentially locks in what was widely expected to happen anyway. Even without new federal regulations, the agency concluded that no new coal plants would have been built. Instead, the bulk of new power in this country would be supplied by natural gas, which already meets the standard announced Friday. \u003c!--more-->\u003c/p>\n\u003cp>\"The EPA ... does not anticipate this rule will have any impacts on the price of electricity, employment or labor markets or the U.S. economy,\" the EPA wrote in its analysis.\u003c/p>\n\u003cp>[ad fullwidth]\u003c/p>\n\u003cp>The industry, and its allies in Congress, quickly dismissed that conclusion.\u003c/p>\n\u003cp>Sen. Joe Manchin, D-W.Va., said the agency was holding the coal industry to \"impossible standards.\"\u003c/p>\n\u003cp>\"If these regulations to into effect,\" he said, \"American jobs will be lost, electricity prices will soar and economic uncertainty will grow.\"\u003c/p>\n\u003cp>EPA administrator Gina McCarthy said in a speech Friday that rather than damage an industry, the proposed regulations would help the industry to adapt, by encouraging energy companies to develop ways to reduce carbon dioxide, the chief greenhouse gas, from burning coal.\u003c/p>\n\u003cp>\"This proposal, rather than killing future coal, actually sets up a certain pathway forward for coal to continue to be part of the diverse mix in this country,\" McCarthy said. \"We know that coal is going to be part of the energy generation that we rely on substantially over the next few decades. Why wouldn't we now acknowledge and invest in the kind of technologies that will allow coal a future long beyond that?\"\u003c/p>\n\u003cp>McCarthy pressed her case by linking global warming to environmental problems that include severe weather, disease and worsening of other types of air pollution.\u003c/p>\n\u003cp>\"We know this is not just about melting glaciers,\" McCarthy said. \"Climate change — caused by carbon pollution — is one of the most significant public health threats of our time.\"\u003c/p>\n\u003cp>Despite some tweaks, the rule packs the same punch as one announced last year, which received more than 2.5 million comments and was legally vulnerable because it required coal and natural gas to meet the same limit.\u003c/p>\n\u003cp>Coal and natural gas now have separate standards, but the effect is the same: New coal-fired power plants will need to install expensive technology to capture between 30 and 50 percent of their carbon dioxide and bury it underground. No coal-fired power plant has done that yet, in large part because of the cost. Virtually all new natural gas standards would meet the standard without additional controls.\u003c/p>\n\u003cp>The EPA's own analysis says that a new natural gas-fired plant would cost $891 per kilowatt hour. But a new coal plant built to meet the standard would cost between $3,274 and $3,301 per kilowatt hour.\u003c/p>\n\u003cp>Environmental groups praised the proposal for taking action against the largest remaining uncontrolled source of greenhouse gas pollution. That pollution, the EPA said Friday, is worsening air quality, water quality, disease and contributing to more severe weather.\u003c/p>\n\u003cp>\"Big polluters have been getting a free ride for decades, while Americans foot the bill in the form of asthma attacks, respiratory illness, floods, wildfires and superstorms,\" said Michael Brune, executive director of the Sierra Club.\u003c/p>\n\u003cp>The regulations have been in the works since 2011 and stem from a 1970 law passed by Congress to control air pollution. In 2007, the Supreme Court ruled that that law, the Clean Air Act, could be applied to heat-trapping pollution. The EPA already has issued rules aimed at curbing global warming pollution from automobiles and the largest industrial sources.\u003c/p>\n\u003cp>Coal was already struggling to compete with cheaper natural gas. It now accounts for about 40 percent of U.S. electricity, a share that was already shrinking.\u003c/p>\n\u003cp>The EPA pointed to four coal-fired power plants under development — in Texas, Mississippi, California and Saskatchewan, Canada — to show that the rule is possible to meet.\u003c/p>\n\u003cp>Yet one of the companies behind those plants, Southern Co., said Friday that its Kemper County Energy Facility in Mississippi \"cannot be consistently replicated on a national scale.\" The facility, scheduled to open in May 2014, is located close to low-cost lignite coal. It is also adjacent to an oil field, where the carbon dioxide will be injected to produce more oil.\u003c/p>\n\u003cp>The company also has received hundreds of millions of dollars in federal grants and tax credits to offset the cost.\u003c/p>\n\u003cp>\u003c/p>\n\u003cp>The revised standards, the company said in a statement, \"essentially eliminate coal as a future generation option.\"\u003c/p>\n\n",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003cp>WASHINGTON (AP) — Linking global warming to public health, disease and extreme weather, the Obama administration pressed ahead Friday with tough requirements to limit carbon pollution from new power plants, despite protests from industry and Republicans that it would dim coal's future.\u003c/p>\n\u003cfigure id=\"attachment_103775\" class=\"wp-caption alignleft\" style=\"max-width: 300px\">\u003cimg class=\"size-medium wp-image-103775\" src=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2013/07/climate.jpg-300x225.jpg\" alt=\"Photo: Craig Miller/KQED\" width=\"300\" height=\"225\">\u003cfigcaption class=\"wp-caption-text\">(Craig Miller/KQED) \u003ccite>(Craig Miller/KQED)\u003c/cite>\u003c/figcaption>\u003c/figure>\n\u003cp>The proposal, which would set the first national limits on heat-trapping pollution from future power plants, is intended to help reshape where Americans get electricity, moving from a coal-dependent past into a future fired by cleaner sources of energy. It's also a key step in President Barack Obama's global warming plans, because it would put in motion plans to end what he called \"the limitless dumping of carbon pollution\" from all power plants.\u003c/p>\n\u003cp>Under the law once the Environmental Protection Agency controls carbon at new plants, it will also control carbon at existing plants — a regulation the agency said Friday it would start work on immediately to meet a June 2014 deadline.\u003c/p>\n\u003cp>Yet the federal government's own analysis of the new power plant proposal concludes that it would have a \"negligible\" impact on carbon dioxide emissions, pose little to no costs for the industry and provide no additional benefits to the public by 2022. That's because it essentially locks in what was widely expected to happen anyway. Even without new federal regulations, the agency concluded that no new coal plants would have been built. Instead, the bulk of new power in this country would be supplied by natural gas, which already meets the standard announced Friday. \u003c!--more-->\u003c/p>\n\u003cp>\"The EPA ... does not anticipate this rule will have any impacts on the price of electricity, employment or labor markets or the U.S. economy,\" the EPA wrote in its analysis.\u003c/p>\n\u003cp>\u003c/p>\u003c/div>",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003c/p>\n\u003cp>The industry, and its allies in Congress, quickly dismissed that conclusion.\u003c/p>\n\u003cp>Sen. Joe Manchin, D-W.Va., said the agency was holding the coal industry to \"impossible standards.\"\u003c/p>\n\u003cp>\"If these regulations to into effect,\" he said, \"American jobs will be lost, electricity prices will soar and economic uncertainty will grow.\"\u003c/p>\n\u003cp>EPA administrator Gina McCarthy said in a speech Friday that rather than damage an industry, the proposed regulations would help the industry to adapt, by encouraging energy companies to develop ways to reduce carbon dioxide, the chief greenhouse gas, from burning coal.\u003c/p>\n\u003cp>\"This proposal, rather than killing future coal, actually sets up a certain pathway forward for coal to continue to be part of the diverse mix in this country,\" McCarthy said. \"We know that coal is going to be part of the energy generation that we rely on substantially over the next few decades. Why wouldn't we now acknowledge and invest in the kind of technologies that will allow coal a future long beyond that?\"\u003c/p>\n\u003cp>McCarthy pressed her case by linking global warming to environmental problems that include severe weather, disease and worsening of other types of air pollution.\u003c/p>\n\u003cp>\"We know this is not just about melting glaciers,\" McCarthy said. \"Climate change — caused by carbon pollution — is one of the most significant public health threats of our time.\"\u003c/p>\n\u003cp>Despite some tweaks, the rule packs the same punch as one announced last year, which received more than 2.5 million comments and was legally vulnerable because it required coal and natural gas to meet the same limit.\u003c/p>\n\u003cp>Coal and natural gas now have separate standards, but the effect is the same: New coal-fired power plants will need to install expensive technology to capture between 30 and 50 percent of their carbon dioxide and bury it underground. No coal-fired power plant has done that yet, in large part because of the cost. Virtually all new natural gas standards would meet the standard without additional controls.\u003c/p>\n\u003cp>The EPA's own analysis says that a new natural gas-fired plant would cost $891 per kilowatt hour. But a new coal plant built to meet the standard would cost between $3,274 and $3,301 per kilowatt hour.\u003c/p>\n\u003cp>Environmental groups praised the proposal for taking action against the largest remaining uncontrolled source of greenhouse gas pollution. That pollution, the EPA said Friday, is worsening air quality, water quality, disease and contributing to more severe weather.\u003c/p>\n\u003cp>\"Big polluters have been getting a free ride for decades, while Americans foot the bill in the form of asthma attacks, respiratory illness, floods, wildfires and superstorms,\" said Michael Brune, executive director of the Sierra Club.\u003c/p>\n\u003cp>The regulations have been in the works since 2011 and stem from a 1970 law passed by Congress to control air pollution. In 2007, the Supreme Court ruled that that law, the Clean Air Act, could be applied to heat-trapping pollution. The EPA already has issued rules aimed at curbing global warming pollution from automobiles and the largest industrial sources.\u003c/p>\n\u003cp>Coal was already struggling to compete with cheaper natural gas. It now accounts for about 40 percent of U.S. electricity, a share that was already shrinking.\u003c/p>\n\u003cp>The EPA pointed to four coal-fired power plants under development — in Texas, Mississippi, California and Saskatchewan, Canada — to show that the rule is possible to meet.\u003c/p>\n\u003cp>Yet one of the companies behind those plants, Southern Co., said Friday that its Kemper County Energy Facility in Mississippi \"cannot be consistently replicated on a national scale.\" The facility, scheduled to open in May 2014, is located close to low-cost lignite coal. It is also adjacent to an oil field, where the carbon dioxide will be injected to produce more oil.\u003c/p>\n\u003cp>The company also has received hundreds of millions of dollars in federal grants and tax credits to offset the cost.\u003c/p>\n\u003cp>\u003c/p>\n\u003cp>The revised standards, the company said in a statement, \"essentially eliminate coal as a future generation option.\"\u003c/p>\n\n\u003c/div>\u003c/p>",
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"content": "\u003cfigure id=\"attachment_111991\" class=\"wp-caption alignright\" style=\"max-width: 186px\">\u003cimg loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-111991\" src=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2013/09/Janet_yellen-212x300.jpg\" alt=\"Janet Yellen in 2005. (Photo: Federal Reserve)\" width=\"186\" height=\"269\">\u003cfigcaption class=\"wp-caption-text\">Janet Yellen in 2005. (Federal Reserve)\u003c/figcaption>\u003c/figure>\n\u003cp>With former Treasury Secretary Larry Summers pulling out of the running to lead the Federal Reserve, the \u003ca href=\"http://www.nbcnews.com/business/white-house-says-janet-yellen-front-runner-fed-chief-4B11195874\" target=\"_blank\" rel=\"noopener\">White House now says that Janet Yellen is the frontrunner\u003c/a>.\u003c/p>\n\u003cp>Yellen has close ties to the Bay Area. She was the head of the Federal Reserve Bank of San Francisco and a faculty member of the Haas School of Business at UC Berkeley, where she remains a professor emerita of economics. She also has a home here.\u003c/p>\n\u003cp>Not everyone’s on board with a Yellen appointment. She’s often referred to as a “monetary dove,” more concerned with unemployment than inflation. From the \u003ca href=\"http://www.nytimes.com/2013/04/25/business/janet-l-yellen-possible-fed-successor-has-admirers-and-foes.html\" target=\"_blank\" rel=\"noopener\">New York Times \u003c/a>in April:\u003c/p>\n\u003cblockquote>\u003cp>Ms. Yellen’s critics remain wary. They worry that she would not be sufficiently concerned about the possibility that inflation will accelerate as the economic recovery gains strength. If nominated, she could face opposition from Senate Republicans who have repeatedly expressed concern that the Fed’s campaign would destabilize financial markets and make controlling the pace of inflation more difficult.\u003c/p>\n\u003cp>“I think people read Janet Yellen’s speeches as saying that she puts a higher weight on joblessness compared to inflation” than the typical member of the Fed’s policy-making committee, said Vincent Reinhart, formerly the head of the Fed’s monetary policy staff and now the chief United States economist at Morgan Stanley. “And that includes Ben Bernanke.”\u003c/p>\u003c/blockquote>\n\u003cp>\u003c!--more-->The question of her candidacy has also become embroiled with gender politics, as she would be the first woman to lead the Federal Reserve. The \u003ca href=\"http://www.newsmax.com/US/fed-chairman-selection-process/2013/07/29/id/517552\" target=\"_blank\" rel=\"noopener\">Wall Street Journal editorialized\u003c/a> in July: “As an economist with long experience at the Fed, she doesn’t lack for professional credentials. But her cause has been taken up by the liberal diversity police as a gender issue because she’d be the first female Fed chairman.” In response, \u003ca href=\"http://nymag.com/daily/intelligencer/2013/07/fear-of-a-female-fed-chief.html\" target=\"_blank\" rel=\"noopener\">New York Magazine’s Jonathan Chait wrote\u003c/a> that the criticism “[put] a fine point on the gender panic that is now infusing the hard-money cranks.”\u003c/p>\n\u003cp>One person who has spoken well of Yellen is former Fed chief Alan Greenspan. Again from the Times:\u003c/p>\n\u003cblockquote>\u003cp>Mr. Greenspan said that he continued to hold Ms. Yellen in high regard. “I did listen to her more carefully because she articulates her position in a way that you can follow it analytically,” he said in an interview. “Intuitions are useless. Janet’s conversation and her presentations were factually based, and that always got my attention.”\u003c/p>\u003c/blockquote>\n\u003cp>Andrew Rose is an associate dean and chair of the faculty of UC Berkeley’s Haas School of Business. Rose has cowritten a number of papers with Yellen and also taught with her. He’s a strong supporter of her candidacy, and earlier this week KQED’s Mina Kim spoke with him to get a sense of her working style.\u003c/p>\n\u003cp>[ad fullwidth]\u003c/p>\n\u003cp>\u003cem>Edited transcript:\u003c/em>\u003c/p>\n\u003cp>\u003cstrong>Mina Kim:\u003c/strong> What is the significance of the role of the Federal Reserve chair?\u003c/p>\n\u003cp>\u003cstrong>Andrew Rose:\u003c/strong> The chair leads the Federal Open Market Committee [FOMC], which establishes monetary policy for the U.S. and sets interest rates, bond purchases and things like that.\u003c/p>\n\u003cp>\u003c!--more-->\u003c/p>\n\u003cp>\u003cstrong>Kim\u003c/strong>: The position has been described as the first or second most powerful position on the planet…\u003c/p>\n\u003cp>\u003cstrong>Rose:\u003c/strong> I think that’s warranted. The president of the United States is clearly more important, but the person who’s responsible for the largest economy in the world and the person who’s also the fireperson in case of a financial crisis somewhere in the world – that’s a very important job indeed.\u003c/p>\n\u003cp>\u003cstrong>Kim:\u003c/strong> Yellen has been described as caring deeply about unemployment. Can you talk about how that focus would translate into monetary policy?\u003c/p>\n\u003cp>\u003cstrong>Rose:\u003c/strong> She’s spent her life doing theory and empirical work in trying understand the sources of unemployment. As a governor and now vice chair of the Fed, she has the ability to influence the rate of unemployment. That’s not to say she ignores inflation; the Federal Reserve has a dual mandate, and she cares about both.\u003c/p>\n\u003caside class=\"pullquote alignleft\">She was quite calm throughout when I was sure the building was going to collapse and we were going to die together.\n\u003cp>\u003cem>-Andrew Rose on Janet Yellen during the Loma Prieta quake\u003c/em>\u003c/p>\u003c/aside>\n\u003cp>\u003cstrong>Kim:\u003c/strong> Current Fed Chair Ben Bernanke faced the daunting task of reversing an economic spiral. What challenges would Yellen face should she be appointed?\u003c/p>\n\u003cp>\u003cstrong>Rose:\u003c/strong> The primary objective is to keep the economic recovery going and if possible to speed it up. Inflation is low and quiescent at this point, and there seems to be no particular reason to worry about it. But the Fed always keeps an eye on inflation. So after keeping the recovery going, the second thing she’ll have to do is eventually reverse the enormous stimulus, the huge injection of money that’s been put into the economy.\u003c/p>\n\u003cp>\u003cstrong>Kim:\u003c/strong> What set of skills would Yellen bring to that challenge of easing up on the stimulus?\u003c/p>\n\u003cp>\u003cstrong>Rose:\u003c/strong> She’s an extremely accomplished economist, she has tremendous amount of experience both in monetary policy in general and running the Fed in particular. And she has enormously talented staff at her disposal. She’s also a consensus builder; she’s very persuasive and I don’t think she’ll have problems persuading the FOMC through the force of her arguments to follow her lead.\u003c/p>\n\u003cp>\u003cstrong>Kim:\u003c/strong> Yellen’s never steered a major institution through a financial crisis. How important is that?\u003c/p>\n\u003cp>\u003cstrong>Rose:\u003c/strong> Very few people have done that. Thank goodness for that, because we don’t have that many financial crises. She has a lot of experience from the sidelines. She was the president of the Federal Reserve Bank of San Francisco, which has certainly been a major player through the crisis. She also participated when she was a Federal Reserve governor during the Mexico crisis in 1994 and 1995.\u003c/p>\n\u003cp>Each of these crises is basically new unto itself. Ben Bernanke was an awesome choice to lead the Fed. But the crises he had studied from the 1930s were not really that relevant to what happened in 2007 and 2008. He’s basically a very smart, capable guy who spoke to a lot of relevant people, and Janet would be in exactly the same situation should there be another financial crisis.\u003c/p>\n\u003cp>\u003cstrong>Kim:\u003c/strong> What experiences have you had working with Yellen that are reflective of her leadership?\u003c/p>\n\u003cp>\u003cstrong>Rose:\u003c/strong> One of the things you do when you write a paper together is you argue about every single word, let alone sentence. The way she could persuade me and others to come around to her point of view was very compelling.\u003c/p>\n\u003cp>I will also say that in a case of a major earthquake, she’s a good person to have next to you, as I know personally from my experience during the Loma Prieta quake in 1989. We were stuck in a doorjamb together, and she didn’t raise her voice. She was quite calm throughout when I was sure the building was going to collapse and we were going to die together.\u003c/p>\n\u003cp>\u003cstrong>Kim:\u003c/strong> Do you think it’s important to Yellen to break the ceiling as the first female chair of the Fed?\u003c/p>\n\u003cp>\u003cstrong>Rose:\u003c/strong> I don’t know if it’s important to her. I don’t think it’s particularly important to the country per se. I think she’s by far the most experienced person ready to lead the Federal Reserve. I believe America should operate like a meritocracy, and that’s the reason I think she should get the job. The fact that she’s a woman is just icing on the cake.\u003c/p>\n\u003cp>\u003cem>\u003ca href=\"https://soundcloud.com/kqed/yellen-mp3\" target=\"_blank\" rel=\"noopener\">Listen to the interview here or below\u003c/a>\u003c/em>\u003c/p>\n\u003cp>[ad floatright]\u003c/p>\n\u003cp>\u003ciframe loading=\"lazy\" src=\"https://w.soundcloud.com/player/?url=http%3A%2F%2Fapi.soundcloud.com%2Ftracks%2F111419021\" frameborder=\"no\" scrolling=\"no\" width=\"100%\" height=\"166\">\u003c/iframe>\u003c/p>\n\n",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003cfigure id=\"attachment_111991\" class=\"wp-caption alignright\" style=\"max-width: 186px\">\u003cimg loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-111991\" src=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2013/09/Janet_yellen-212x300.jpg\" alt=\"Janet Yellen in 2005. (Photo: Federal Reserve)\" width=\"186\" height=\"269\">\u003cfigcaption class=\"wp-caption-text\">Janet Yellen in 2005. (Federal Reserve)\u003c/figcaption>\u003c/figure>\n\u003cp>With former Treasury Secretary Larry Summers pulling out of the running to lead the Federal Reserve, the \u003ca href=\"http://www.nbcnews.com/business/white-house-says-janet-yellen-front-runner-fed-chief-4B11195874\" target=\"_blank\" rel=\"noopener\">White House now says that Janet Yellen is the frontrunner\u003c/a>.\u003c/p>\n\u003cp>Yellen has close ties to the Bay Area. She was the head of the Federal Reserve Bank of San Francisco and a faculty member of the Haas School of Business at UC Berkeley, where she remains a professor emerita of economics. She also has a home here.\u003c/p>\n\u003cp>Not everyone’s on board with a Yellen appointment. She’s often referred to as a “monetary dove,” more concerned with unemployment than inflation. From the \u003ca href=\"http://www.nytimes.com/2013/04/25/business/janet-l-yellen-possible-fed-successor-has-admirers-and-foes.html\" target=\"_blank\" rel=\"noopener\">New York Times \u003c/a>in April:\u003c/p>\n\u003cblockquote>\u003cp>Ms. Yellen’s critics remain wary. They worry that she would not be sufficiently concerned about the possibility that inflation will accelerate as the economic recovery gains strength. If nominated, she could face opposition from Senate Republicans who have repeatedly expressed concern that the Fed’s campaign would destabilize financial markets and make controlling the pace of inflation more difficult.\u003c/p>\n\u003cp>“I think people read Janet Yellen’s speeches as saying that she puts a higher weight on joblessness compared to inflation” than the typical member of the Fed’s policy-making committee, said Vincent Reinhart, formerly the head of the Fed’s monetary policy staff and now the chief United States economist at Morgan Stanley. “And that includes Ben Bernanke.”\u003c/p>\u003c/blockquote>\n\u003cp>\u003c!--more-->The question of her candidacy has also become embroiled with gender politics, as she would be the first woman to lead the Federal Reserve. The \u003ca href=\"http://www.newsmax.com/US/fed-chairman-selection-process/2013/07/29/id/517552\" target=\"_blank\" rel=\"noopener\">Wall Street Journal editorialized\u003c/a> in July: “As an economist with long experience at the Fed, she doesn’t lack for professional credentials. But her cause has been taken up by the liberal diversity police as a gender issue because she’d be the first female Fed chairman.” In response, \u003ca href=\"http://nymag.com/daily/intelligencer/2013/07/fear-of-a-female-fed-chief.html\" target=\"_blank\" rel=\"noopener\">New York Magazine’s Jonathan Chait wrote\u003c/a> that the criticism “[put] a fine point on the gender panic that is now infusing the hard-money cranks.”\u003c/p>\n\u003cp>One person who has spoken well of Yellen is former Fed chief Alan Greenspan. Again from the Times:\u003c/p>\n\u003cblockquote>\u003cp>Mr. Greenspan said that he continued to hold Ms. Yellen in high regard. “I did listen to her more carefully because she articulates her position in a way that you can follow it analytically,” he said in an interview. “Intuitions are useless. Janet’s conversation and her presentations were factually based, and that always got my attention.”\u003c/p>\u003c/blockquote>\n\u003cp>Andrew Rose is an associate dean and chair of the faculty of UC Berkeley’s Haas School of Business. Rose has cowritten a number of papers with Yellen and also taught with her. He’s a strong supporter of her candidacy, and earlier this week KQED’s Mina Kim spoke with him to get a sense of her working style.\u003c/p>\n\u003cp>\u003c/p>\u003c/div>",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003c/p>\n\u003cp>\u003cem>Edited transcript:\u003c/em>\u003c/p>\n\u003cp>\u003cstrong>Mina Kim:\u003c/strong> What is the significance of the role of the Federal Reserve chair?\u003c/p>\n\u003cp>\u003cstrong>Andrew Rose:\u003c/strong> The chair leads the Federal Open Market Committee [FOMC], which establishes monetary policy for the U.S. and sets interest rates, bond purchases and things like that.\u003c/p>\n\u003cp>\u003c!--more-->\u003c/p>\n\u003cp>\u003cstrong>Kim\u003c/strong>: The position has been described as the first or second most powerful position on the planet…\u003c/p>\n\u003cp>\u003cstrong>Rose:\u003c/strong> I think that’s warranted. The president of the United States is clearly more important, but the person who’s responsible for the largest economy in the world and the person who’s also the fireperson in case of a financial crisis somewhere in the world – that’s a very important job indeed.\u003c/p>\n\u003cp>\u003cstrong>Kim:\u003c/strong> Yellen has been described as caring deeply about unemployment. Can you talk about how that focus would translate into monetary policy?\u003c/p>\n\u003cp>\u003cstrong>Rose:\u003c/strong> She’s spent her life doing theory and empirical work in trying understand the sources of unemployment. As a governor and now vice chair of the Fed, she has the ability to influence the rate of unemployment. That’s not to say she ignores inflation; the Federal Reserve has a dual mandate, and she cares about both.\u003c/p>\n\u003caside class=\"pullquote alignleft\">She was quite calm throughout when I was sure the building was going to collapse and we were going to die together.\n\u003cp>\u003cem>-Andrew Rose on Janet Yellen during the Loma Prieta quake\u003c/em>\u003c/p>\u003c/aside>\n\u003cp>\u003cstrong>Kim:\u003c/strong> Current Fed Chair Ben Bernanke faced the daunting task of reversing an economic spiral. What challenges would Yellen face should she be appointed?\u003c/p>\n\u003cp>\u003cstrong>Rose:\u003c/strong> The primary objective is to keep the economic recovery going and if possible to speed it up. Inflation is low and quiescent at this point, and there seems to be no particular reason to worry about it. But the Fed always keeps an eye on inflation. So after keeping the recovery going, the second thing she’ll have to do is eventually reverse the enormous stimulus, the huge injection of money that’s been put into the economy.\u003c/p>\n\u003cp>\u003cstrong>Kim:\u003c/strong> What set of skills would Yellen bring to that challenge of easing up on the stimulus?\u003c/p>\n\u003cp>\u003cstrong>Rose:\u003c/strong> She’s an extremely accomplished economist, she has tremendous amount of experience both in monetary policy in general and running the Fed in particular. And she has enormously talented staff at her disposal. She’s also a consensus builder; she’s very persuasive and I don’t think she’ll have problems persuading the FOMC through the force of her arguments to follow her lead.\u003c/p>\n\u003cp>\u003cstrong>Kim:\u003c/strong> Yellen’s never steered a major institution through a financial crisis. How important is that?\u003c/p>\n\u003cp>\u003cstrong>Rose:\u003c/strong> Very few people have done that. Thank goodness for that, because we don’t have that many financial crises. She has a lot of experience from the sidelines. She was the president of the Federal Reserve Bank of San Francisco, which has certainly been a major player through the crisis. She also participated when she was a Federal Reserve governor during the Mexico crisis in 1994 and 1995.\u003c/p>\n\u003cp>Each of these crises is basically new unto itself. Ben Bernanke was an awesome choice to lead the Fed. But the crises he had studied from the 1930s were not really that relevant to what happened in 2007 and 2008. He’s basically a very smart, capable guy who spoke to a lot of relevant people, and Janet would be in exactly the same situation should there be another financial crisis.\u003c/p>\n\u003cp>\u003cstrong>Kim:\u003c/strong> What experiences have you had working with Yellen that are reflective of her leadership?\u003c/p>\n\u003cp>\u003cstrong>Rose:\u003c/strong> One of the things you do when you write a paper together is you argue about every single word, let alone sentence. The way she could persuade me and others to come around to her point of view was very compelling.\u003c/p>\n\u003cp>I will also say that in a case of a major earthquake, she’s a good person to have next to you, as I know personally from my experience during the Loma Prieta quake in 1989. We were stuck in a doorjamb together, and she didn’t raise her voice. She was quite calm throughout when I was sure the building was going to collapse and we were going to die together.\u003c/p>\n\u003cp>\u003cstrong>Kim:\u003c/strong> Do you think it’s important to Yellen to break the ceiling as the first female chair of the Fed?\u003c/p>\n\u003cp>\u003cstrong>Rose:\u003c/strong> I don’t know if it’s important to her. I don’t think it’s particularly important to the country per se. I think she’s by far the most experienced person ready to lead the Federal Reserve. I believe America should operate like a meritocracy, and that’s the reason I think she should get the job. The fact that she’s a woman is just icing on the cake.\u003c/p>\n\u003cp>\u003cem>\u003ca href=\"https://soundcloud.com/kqed/yellen-mp3\" target=\"_blank\" rel=\"noopener\">Listen to the interview here or below\u003c/a>\u003c/em>\u003c/p>\n\u003cp>\u003c/p>\u003c/div>",
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