Showing posts with label Value. Show all posts
Showing posts with label Value. Show all posts

July 3, 2016

Cambridge, MA State Senator One of Two Who Voted Against Uber, Lyft




[From article]
State Sen. Salvatore DiDomenico told a group of rallying taxi drivers and medallion owners last week that he is behind them “1,000 percent,” pointing out that the support of the cabbies helped him win his special election in 2010. A day later, he was one of just two senators to vote against a ride-hailing bill seen as friendly to Uber and Lyft.
But what DiDomenico didn’t tell the crowd, or the chamber, is that he is so entrenched in the taxi industry that even one of his aides is a medallion owner.
In fact, James Henry — DiDomenico’s director of constituent services — owns two of them in Cambridge, according to state ethics disclosures.
“The passage of any legislation relative to ride sharing has the potential to impact the value of taxi cab medallions,” DiDomenico wrote in a filing dated March 14, 2016.
In a brief interview after his remarks, DiDomenico dismissed concerns about his decision to take such a prominent stance in the debate about regulations for Uber and Lyft.
“This is not something that I have just been talking about since I was a state legislator,” DiDomenico said Tuesday. “I’ve been working on this issue as a city councilor in my hometown of Everett — and I have been working hard. ... Even before I knew this person had any kind of stake in this, I was an advocate and an opponent of what’s happening today and a proponent for the taxi industry.”
DiDomenico also said Henry has not done any work on ride-hailing legislation.
Medallion values have plummeted in recent years as cabbies have continued to lose business to Uber, Lyft and other ride-sharing start-ups. Boston cab drivers have been kept afloat largely because of almost exclusive access to
Logan International Airport, but taxis in Cambridge have been hit particularly hard.
The Herald reported earlier this year nearly two dozen Cambridge medallion owners have returned their once-valuable investments to the city. The owners said at the time they couldn’t find drivers for the cabs, or couldn’t afford payments on the loans they took out to buy the medallion.
In many cases, it was both.
Henry was not on the list of owners who returned medallions.
“I have heard the personal stories of people in my district, I have heard the personal stories of a multitude of people who are really getting crushed by this,” DiDomenico said. “And the fact that I know someone — I know everybody who has a stake in
every issue, and we’re fighting for the people who need help the most.”
Still, there is no question the value of a taxi medallion is now closely tied to how restrictive the regulations are on Uber and Lyft, a question that likely will be answered by the end of the legislative session this month.

http://www.bostonherald.com/news/local_coverage/2016/07/pols_politics_didomenico_s_aide_owns_two_taxi_medallions

Pols & Politics: DiDomenico’s
aide owns two taxi medallions

One of two Mass. senators to vote against Uber, Lyft
Matt Stout
Sunday, July 03, 2016
Boston Herald

February 4, 2014

Income Equality, Misguided Notion


[From article]
Though sports and Hollywood personalities earn multiples of CEO salaries, you'll never find leftists and progressives picketing and criticizing them. Why? The strategy for want-to-be tyrants is to demonize people whose power they want to usurp. That's the typical way tyrants gain power. They give the masses someone to hate. In 18th-century France, it was Maximilien Robespierre's promoting hatred of the aristocracy that led to his acquiring dictatorial power. In the 20th century, the communists gained power by promoting public hatred of the czars and capitalists. In Germany, Adolf Hitler gained power by promoting hatred of Jews and Bolsheviks.
[. . .]
promoting jealousy, fear and hate is an effective strategy for leftist politicians and their followers to control and micromanage businesses. It's not about the amount of money top executives earn. If it were, politicians and leftists would be promoting jealousy, fear and hatred toward multi-multimillionaire Hollywood actors, celebrities and sports stars. But there is no way that politicians could usurp the roles of Drew Brees, Kobe Bryant, Robert Downey Jr. and Oprah Winfrey. That means celebrities can make any amount of money they want and it matters not one iota politically. Do you think President Barack Obama would stoke the fires of hate and envy by remarking that he thinks that "at a certain point, you've made enough money" — as he did in a 2010 Quincy, Ill., speech — in regard to the salaries of Winfrey, Brees and Hollywood celebrities?

http://jewishworldreview.com/cols/williamns012914.php3#.UvCuhd00i6Y

Jewish World Review
Jan. 29, 2014/ 28 Shevat, 5774
Politics of Hate and Envy
By Walter Williams

January 4, 2010

What is a Billion Dollars?


http://blog.heritage.org/2010/01/01/one-billion-dollars-is/?utm_source=Newsletter&utm_medium=Email&utm_campaign=Morning%2BBell

One Billion Dollars is . . .
Posted January 1st, 2010 at 10.00am
Patrick Tyrrell
The Foundry
Heritage Foundation
in Ongoing Priorities.