A new mobile app called Monkeyparking allows people in San Francisco with good parking spots to auction them off when they're ready to leave, permitting circling rich people to engage in excitingly dangerous class warfare by bidding on spaces with their phones while they drive. The app's creators defend it as providing an "incentive" to leave your space for others to use.
Paolo Dobrowolny, chief executive and co-founder of MonkeyParking, told The Chronicle he thinks those reactions are unfair. He said his company is just a facilitator between those looking for parking spots and those who need some incentive to leave a space.
“We’re just providing information when someone is leaving,” he said. “That is valuable information for everybody.”
He disagrees that the app would leave behind those unable to pay up to $20 each time they need to step out of their car.
“It’s a fair business for anybody,” Dobrowolny said. “It’s not just for rich people. If you think you can get that money back when you leave that parking spot, you can earn back the money when you leave the spot.”
Sell your S.F. street parking spot for $20? [Vivian Ho/Sfgate]
(via Hacker News)
Pfizer’s used a tax-dodge called a “reverse-inversion” to sell itself to a much smaller, Irish pharma company, moving its corporate nationality to Ireland at the stroke of a pen.
The right-wing Telegraph can’t deny what critics have been saying since the Tony Blair years: when you use private to fund public services, the only people who benefit are the shareholders.
Stock buybacks (previously) allow CEOs to drive up the company’s share-price by using profits to buy shares back from investors, rather than investing the money in wages, R&D, capital or expansion.
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