
Letters: Is parking in San Francisco too expensive or too cheap?
Regarding 'Three ideas to save S.F. Muni that have nothing to do with cutting service' (Open Forum, SFChronicle.com, June 23): Joe DiMento argues for more regressive taxation targeting drivers in his Open Forum.
But people drive in San Francisco because they need to, and not everyone works for Bain Capital.
For many in the city, $200 for a residential parking permit is a lot of money. Then there are the other steep parking fees, the dearth of parking, and the rising cost of gas and tolls.
Make the Bain Capital billionaires, hedge fund managers and other elites (such as those who can afford to take Lyft and Uber) pay their fair share.
Working people need cars to generate income, visit their aging parents, pick up their children from school and go to a job that starts in the middle of the night. Wealthy people need to get out of their bubble and get a clue.
Harry Pariser, San Francisco
I pay close to $4,000 every year to park my car in a private garage. Cars are private assets, and their storage in public spaces should not be subsidized.
Car owners will no doubt object because they have been pampered so long by a society addicted to using cars.
I hope the mayor and other relevant authorities are listening and will begin to make car owners in the city pay their fair share.
Bill McClanahan, San Francisco
Join the 21st century
Regarding 'This obscure rule is one reason San Francisco can't build more housing' (Projects, SFChronicle.com, June 21): Isn't it incredible that the city at the forefront of the artificial intelligence revolution is held back by building and safety codes written when copper wires wrapped in paper insulation carried electricity and America was still decades away from transistor radios and television?
The story says, 'Agencies in both San Francisco and California governments are currently reviewing how to safely allow taller single stair buildings.' If much of the rest of the world has been doing it safely for decades, what kind of 'review' is needed here?
Levi Armlovich, San Francisco
Sharks not the villain
Regarding ''Jaws' at 50: How Steven Spielberg's shark movie changed my life and cinema forever' (Arts & Entertainment, SFChronicle.com, June 20): I was one of those moviegoers who joined in the feeding frenzy over 'Jaws' in June 1975. I had just graduated from high school and was on my way to studying marine biology in college.
The movie was big, the weather was hot, and the futuristic dome-shaped Century 21 theater was packed to the gills. Like any of the best summer blockbusters to follow, 'Jaws' did not disappoint, and the movie left quite a cinematic legacy.
Unfortunately, director Steven Spielberg's movie and the book it was based on by Peter Benchley also perpetuated a legacy of misinformation about sharks that justified killing them for recreation or just for their fins to make soup.
Since 1975, researchers have learned much about sharks, and Spielberg and Benchley have apologized for their roles in demonizing them.
Let's hope that our understanding of sharks has matured enough that we don't repeat bad behaviors as we recognize this cinematic milestone.
Geoff Brosseau, Menlo Park
I was raised with dogs since I was a baby and consider them as cherished family members. They are loving, loyal and faithful, unlike a great many people I have known throughout my life.
Only an uncaring and thoughtless person would discard a dog because it becomes an inconvenience. When you adopt a dog, it is a commitment for the life of the dog.
At this point in my life, the more people I meet, the more I love my dogs.
Maria Nowicki, San Francisco
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles

Yahoo
2 days ago
- Yahoo
Bain Capital on Virgin Australia Post-IPO Outlook
Barnaby Lyons, Global Head of Special Situations at Bain Capital, discusses his outlook for Virgin Australia's business, after the airline re-listed on the ASX in a $440 million IPO. He also speaks about the broader outlook for APAC private market activities. He speaks with Haidi Stroud Watts on "Bloomberg: The Asia Trade". Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
2 days ago
- Yahoo
Envestnet Sells Yodlee to Private Equity Firm
You can find original article here Wealthmanagement. Subscribe to our free daily Wealthmanagement newsletter. Envestnet, which went private in a sale to Bain Capital last year, announced plans to sell Yodlee, the financial data aggregation subsidiary, to STG, a Menlo Park, Calif.-based private equity firm. The deal is expected to close in the third quarter. STG, previously known as Symphony Technology Group, was founded in 2002 and now manages over $12 billion in assets. Yodlee will come under STG's global technology portfolio, which includes RSA, Trellix and SurveyMonkey. 'STG intends to leverage its transformation experience to help Yodlee deliver increased value to clients, attract and retain top talent, and achieve best-in-class business performance,' STG said in a statement. 'With a focus on customer-centric innovation, the firms aim to rapidly invest in technologies and deliver enhanced solutions to the financial sector.' Envestnet acquired Yodlee in 2015 in a cash and stock transaction worth $660 million. Yodlee was founded in 1999 and has since built a network of more than 19,000 data sources providing information to 38 million paid users and more than 700 fintech companies as of the end of 2023, according to its website. 'Yodlee sits at the intersection of trusted data access and intelligent analytics,' said Marc Bala, managing director at STG, in a statement. 'It has built deep integrations across the financial ecosystem and earned the confidence of the world's leading banks, asset managers, and wealth platforms.' At the end of 2023, Bloomberg reported that Envestnet was exploring the sale of Yodlee, citing people with knowledge of the matter. The publication referred to a Raymond James analyst note that said the 'persistent deterioration in the Yodlee business' was a concern for Envestnet. In recent years, Envestnet and Yodlee have faced two lawsuits, one involving copyright infringement and a class action suit involving allegations of unsecured data and 'unlawful collection and use of sensitive personal data from millions of consumers.' In August 2019, software development firm FinApps filed suit, alleging that Yodlee had reverse-engineered FinApps' code and claimed it as its own. In 2020, a U.S. District Court judge dismissed two key counts in the case but allowed it to continue based on seven others in the original complaint. That case is ongoing. In the second case, filed in 2020, a New Jersey resident proposed a class action suit, asserting that the fintech entities had not done enough to safeguard domestic consumer data, including engaging in 'various acts of deceit' and failing to implement some security protocols that are already in place for Yodlee users in Europe. Yodlee reached a settlement earlier this year on that case. Last November, Envestnet sold the company to Bain Capital in a take-private deal, with the private equity firm paying about $4.5 billion for the wealthtech company, according to an announcement. 'This transaction is the first step in our value creation plan as a private company and will allow Envestnet to focus more deeply on its core connected wealth management platform, advanced insights and comprehensive solutions,' Envestnet CEO Chris Todd said in a statement. 'Through our continued partnership with Yodlee, advisors will retain access to Yodlee data aggregation technology that helps power their business.' Envestnet works with more than 500 of the nation's largest RIA firms, has over 111,000 advisors and holds $6.5 trillion in total assets on its platform. Sign in to access your portfolio


Bloomberg
2 days ago
- Bloomberg
Bain Capital on Virgin Australia Post-IPO Outlook
Barnaby Lyons, Global Head of Special Situations at Bain Capital, discusses his outlook for Virgin Australia's business, after the airline re-listed on the ASX in a $440 million IPO. He also speaks about the broader outlook for APAC private market activities. He speaks with Haidi Stroud Watts on "Bloomberg: The Asia Trade". (Source: Bloomberg)