NYC is writing off corporation's parking tickets to keep the courts free

There’s so much going on in the world and it can be difficult to understand it all at times — by reading this newsletter, you’re getting a digest of the biggest news this week, what it means and why it matters. If you like what you see, send it to a friend or ask them to sign up here.

NYC is allowing big corporations to write off parking tickets — all in an apparent move to keep the courts from backing up

When New York City issues fines to corporations, there’s a good chance that the fine isn’t actually being paid, thanks to the Stipulated Fine Program. The program, launched in 2004, lets companies with two or more business vehicles sign away their right to appeal parking tickets in exchange for accepting a lower ticket amount or to not be charged anything at all.

Essentially the program is a way to reduce the amount of insignificant claims clogging up the courtrooms and it’s effective on 30 of the 99 specific violations chargeable by the city, such as parking in front of a fire hydrant or double parking.

The biggest issue with this program is that, by letting companies get out of tickets for free, they can continue doing what got them the ticket in the first place. Double parking causes major congestion and parking in bike lanes is forces cyclists to battle with dangerous traffic.

When someone receives a ticket there’s a required $15 fee that’s split between the State and City, with the former’s portion funding things like safe incentive programs and efforts to reduce drunk driving. But when the fine isn’t collected the fee can’t be either, leading to a reduction in spending on these important programs, costing the state up to $22.5 million.

Then in May, when the Department of Finance announced it would be increasing the fines — from $0 to $25 of the actual $95 for parking in a no-standing zone and from $40 to $100 for blocking a lane of traffic, which normally costs $115 — companies operating in the city were furious, pressuring city hall to let them continue breaking the law without paying for it. Firms included in the lobbying include Fresh Direct, FedEx and United Parcel Services, among a coalition of small delivery companies.

It seems like the best option for these companies is to, well, instruct their drivers to park properly.

📸:  Unsplash

📸: Unsplash

Noteworthy Read

There’s a sequel of To All the Boys I’ve Loved Before coming out and it’s signaling a shift in the movie industry — the movie is a Netflix Original, but Paramount is filming the movie for the streaming service. This is not common between movie studios and streaming services because they’re competing against each other and building their own services to do so.

Obsession Hiatus

Our newest obsession is the #InfluenceofChina — as the world’s second-biggest economy, it holds a lot of power. Throughout the world the effects and power that China holds can be seen, from domestic citizen surveillance, debt traps and playing dirty to get what it wants, the country has a far reach.

In Case You Missed It

🇬🇧 The current Brexit deal is the only one available and no other offer is on the table, Theresa May’s deputy said. Here’s a guide to the latest deal, stuck just this week.

🚙 General Motors is closing plants in the US and Canada and Trump has now warned that the White House is “now looking at cutting all GM subsidies,” including for electric vehicles. The cuts will result in up to 14,000 jobs eliminated.

💸 Forget Black Friday — Single’s Day, a national shopping holiday in China, is the world’s biggest shopping event.

Our best wishes for a productive and peaceful evening. Feel free to direct any tips to get out of parking tickets and To All the Boys I’ve Loved Before spoilers to our email.

Love this newsletter? Hate it? Let us know by filling out this brief, two question feedback form.

You can find us on Twitter and Facebook for more updates throughout the week and to discover some of our current obsessions.