T h e
F R I D A Y, D E C E M B E R 2 3 , 2 0 1 6
B o s t o n
UNITED WAY
Continued from Page C1
TAXIS
Continued from Page C1
Deutsche Bank works on new deal for Trump BLOOMBERG NEWS
For years, Donald Trump has used a powerful tool when d e a l i n g w i t h b a n ke r s : h i s personal guarantee. Now that guarantee — employed to extract better terms on hundreds of millions of dollars of loans to the Trump Organization — is at the center of a delicate loan-restructuring discussion at Deutsche Bank, which is under investigation on several fronts by the US Department of Justice. The bank is trying to restructure some of Trump’s roughly $300 million debt as part of an attempt to reduce any conflict of interest between the loan and his presidency, according to a person familiar with the matter. Normally, the removal of a personal pledge might lead to more-stringent terms. But there is little normal about this interaction. Trump’s attorney general will inherit an investigation of Deutsche Bank related to stock trades for rich clients in Russia — where Trump says he plans to improve relations — and may have to deal with a possible multibillion-dollar penalty to the bank related to mortgagebond investigations. Whatever terms a restructured loan might include, they will reflect the complex new relationship spawned between Germany’s largest bank and its highest-profile client. Ethicists say this concerns them. ‘‘When you have political appointees making decisions about banks that the president owes a lot of money to, it looks terrible,’’ said Richard Painter, a law professor at the University of Minnesota who was the chief ethics lawyer for President G e o r g e W. B u s h . ‘ ‘ T h e U S government is dealing with regulatory and criminal issues with the big banks all the time, and if he owes them a lot of money, there might be an incentive to favor less regulation and less enforcement for the banks.’’ Deutsche Bank declined to comment. Alan Garten, general counsel of the Trump Organization, said the loans are modest in the context of Trump’s multibillion-dollar empire.
Business
C5
United Way adapts to times
Cabbies’ suit over Uber is dismissed nies under state oversight and largely prohibited local governments from creating their own rules for those services. Gorton said that means Boston now cannot be expected to govern Uber and Lyft. “It is thus state policy, not municipal policy that now prevents [Boston] from regulating” Uber and Lyft, Gorton wrote. Lieutenant Michael McCarthy, a spokesman for the Boston Police Department, which oversees the taxi industry, said the decision “confirms that the city and the police commissioner acted appropriately in regulating taxicabs.” Uber called the ruling “a victory for competition and innovation in the transportation marketplace across the Commonwealth.” Lyft declined to comment; the two companies were not named as defendants in the suit. Gorton’s order is the latest setback for cab companies in their effort to stem the fast-rising tide of their smartphonecentric competitors. The city caps the number of permitted cabs on the road at 1,825, and the value of local taxi licenses has plummeted with the rise of Uber. A similar suit in Chicago was dismissed in October, after a federal appeals court said Uber was different enough from taxi services to warrant different sets of rules. Additionally, the
G l o b e
GENE J. PUSKAR/ASSOCIATED PRESS/FILE
Uber called the ruling “a victory for competition and innovation in the transportation marketplace.” new Massachusetts law did not include rules that the taxi industry had pushed, such as requiring Uber drivers to submit to fingerprint background checks and have around-theclock commercial vehicle insurance. The suit’s dismissal doesn’t mark the end of the cabbies’ fight in Boston, said Jenifer Pinkham, the group’s attorney. She said the taxi owners would now shift their focus to a separate lawsuit that challenges the state law, while considering whether to appeal Gorton’s ruling in the case against the city. “You have this dichotomy where at the local level, taxis are being regulated, but only at the state level are [transportation network companies] being regulated,” she said. “I think that’s a breeding ground for taxis being treated unfairly.” The taxi group’s other lawsuit, against the Massachusetts law, is also in federal court and being overseen by Gorton. It claims the new law is unconstitutional and accuses Governor Charlie Baker of creating a system that regulates Uber and cabs differently. That case is scheduled for a hearing in Jan-
uary. And last Friday, more than 30 livery companies from Somerville, Medford, Everett, Malden, and Boston filed yet another suit with a similar argument against Baker, but also naming Uber and accusing the company of monopolizing hired-ride services in the region. Baker spokesman William Pitman said the governor “was pleased” to have signed the new law earlier this year but declined to discuss the litigation. The law’s requirements include vehicle inspection and a new state background check of drivers that does not include a fingerprint check. The legislative grappling also seems likely to continue. Scott Solombrino, a livery industry executive who has campaigned on behalf of taxi companies for more stringent rules on Uber, has said he expects lawmakers next year to consider adding a fingerprint background check for drivers. Adam Vaccaro can be reached at adam.vaccaro@globe.com. Follow him on Twitter at @adamtvaccaro.
dured by people living at or near the poverty line. “I was hoping it would give me a better appreciation for the daily struggles of those living in poverty, and I think it did,” added Edmunds, a managing director in the bank’s private wealth management division. “I feel like we live in a bubble, and I want to be a little more sensitive to these issues.” In Boston, the United Way offers about five poverty simulations a year at different locations. During them, participants learn about the organization’s “financial stability centers,” where struggling families can get support ranging from job placement to credit counseling. “We want to get across the day-to-day challenges and feelings for people living in poverty,” said Karley Ausiello, a senior vice president at the United Way in Boston, “and at the same time show donors what the United Way can do to help families ease some of that stress.” The organization hopes these initiatives will help attract new donors, retain existing ones, and shore up its financial support. Over the past decade, individual donations to the United Way in Boston have dwindled almost 20 percent, from about $47 million in 2006 to $38 million in the most recent fiscal year. The nonprofit’s national office has seen a similar decline. The United Way has been able to keep its overall revenue relatively stable by more aggressively pursuing government, corporate, and founda-
tion grants, but it attributes the slumping donations from individuals to several factors. Downsizing at companies means fewer employees to participate in charitable giving campaigns, and some employers have created in-house charitable initiatives rather than rely on third parties like the United Way to administer them. Technology also poses a challenge; with charitable giving now as simple as clicking a d o n a t i o n b u tt o n o n y o u r smartphone, the United Way faces lots of competition for donor dollars.
Downsizing means fewer employees participate in charitable giving campaigns. There’s also been a generational effect: younger people, especially millennials, tend to shun traditional workplace giving — in which the United Way collects funds and often determines how to distribute them — in favor of volunteering or donating to niche causes. “Lots of Baby Boomers will talk about being asked to give to the United Way from their first day on the job,” said Stacy Palmer, editor of the Chronicle of Philanthropy. “Our parents and grandparents may have given to a general fund that let the United Way decide which causes to give to in the community, but millennials aren’t so crazy about that kind of thing.”
That shift has compelled the United Way to offer “donor choice,” which lets contributors specify which charities they want to support. To appeal to millennials, it has created programs like Youth Venture, which pairs high schoolers with mentors who help them pitch business ideas. It has also developed “affinity groups” exclusively comprising, for example, women or people who work in commercial real estate. One of those groups is the United Way’s Private Equity/Venture Capital Associate Council, cochaired by 28-year-old Robert “Bo” Mlnarik, a senior associate at the Boston investment firm Summit Partners. Like many of his peers, Mlnarik donates to charities through crowdfunding sites such as GoFundMe, which he says lets people “give to causes that are more near and dear to their interests.” But he is also a United Way donor because “I believe in the power of institutions and the power of a nationwide brand,” he said, “so it’s a hybrid model for me.” Mlnarik also recognizes that his professional skills can be as valuable as his money. For example, he and other council members used their spreadsheet expertise to help the United Way crunch numbers from the city’s annual homeless census. “I’m not just showing up at a soup kitchen,” said Mlnarik, “but analyzing data to show how helpful that soup kitchen is or isn’t.” Sacha Pfeiffer can be reached at pfeiffer@globe.com. Follow her on Twitter at @SachaPfeiffer.
ClassifiedsMarketplace jobs
cars
homes
pets
stuff
Search Classifieds 24/7 at www.boston.com/classifieds • Call 617.929.1500 to Advertise stuff
CONSTRUCTION EQUIPMENT
NEED CA$H? Call Joseph Equipment 603-641-8608 boston.com/ classifieds
YARD SALES
YARD SALES
CONSTRUCTION EQUIP WANTED Immediate same day Cash Settlement Buying late model construction equip. All makes all years 1-100 pieces
HOTELRESTAURANT SUPPLY
DOGS
MR. SMITH BUYS & SELLS BAR-PIZZA-STORE EQUIPMENT AT OUR WAREHOUSE 80 MYRTLE ST. NO. QUINCY MA
617-770-1600 - 617-436-8829 MASTIFF MIX PUPPIES
TICKETS
FIREWOODFUEL-CHARCOAL
RED SOX TICKETS Wanted. I want to buy your full or partial season tickets. Top $ paid. Call 800-786-8425.
SEASON - FIREWOOD DELIVERY- 8AM-11PM Office 781-938-8690; Cell 617-908-7576
pets
French/Cane Corso/Old English Ready Dec 28 $1000 Wareham 508-789-1707
Deadline Wed. 4:30 Pay only $2.55 for each additional line per day To place your ad In Globe Classified Call (617) 929-1500 email:classified@globe.com
Place your ad on line at www.bostonglobe.com
NEED A WEBSITE?
Looking to build or update your website? Domain included. Finished in two weeks. $1,099. Contact: burkepthomas@gmail.com 508.333.8630
boston.com/ classifieds
FORD
AKC Cocker Spaniel Puppies, OFA, Black & Buff, ready 12/25 (603) 493-3671
GREAT 1999 FORD F-150
$3000, 97,949 miles, 4WD, V8 5.4L, CD Player, Leather Seats, No dents or dings, (720) 213-8569 call or text.
STANDARD POODLE
Absolute stunning Standard Poodle puppies, Ready to go. Call of info. 603-6424246 $1000.
WOBURN, local owner offers ALL SIZES commercial, office, R&D, distrib, and lab spaces at I-93/I-95. Simple, hassle-free leases. 1 to 5 yrs. Call/text Ed 781-983-0113.
RETAIL REAL ESTATE CHELMSFORD, Drum Hill, 1400-6500 sf avail. Prime loc McLaughlin, 781-229-2022
COCKER SPANIEL PUPPIES
FOR SALE
boston.com/ classifieds
COMMERCIAL COMMMERCIAL & INDUSTRIAL
NEW & USED RESTAURANT
$20 3 lines. 2days Fri & Sat
cars
RENTALS
POMSKY , Beagle, Boggle, Labradoodle, Gold Retreiver Shorkie, Yorkipoo, Shihpoo, Lab, More 508-580-0032.
homes
NASHUA, 1100-5500sf. Rt. 101A Signalized lgts. Prkg McLaughlin 781-229-2022
OFFICE SPACE CHELMSFORD, 400-1075 sf Drum Hill, plug & play ready McLaughlin 781-229-2022 LITTLETON, Class A office medical. For lease or sale. McLaughlin 781-229-2022
WOBURN, $199/mo office incl utils & parking. Great loc near I-93 & I-95 & Woburn Mall. Contact Ed, 781-9830113, eas@cummings.com
DOGS
All real estate advertising in this newspaper is subject to the Federal Fair Housing act of 1968, the Massachusetts Anti Discrimination Act & the Boston & Cambridge Fair Housing Ordinances which makes it illegal to advertise any preference, limitation or discrimination ba sed on race, color, religion, sex, handicap, familial status, national origin, ancestry, age, children, marital status, sexual orientation, veterans status, or source of income or any intention to make any such preference, limitation or discrimination. This newspaper will not knowingly accept any advertising for real estate which is in violation of the law. Our readers are hereby informed that all dwellings advertised in this newspaper are available on an equal opportunity basis. To complain of discrimination call HUD tollfree at 1-800-669 - 9777. For the N.E. area call HUD at 617994 - 8335. The toll-free number for the hearing impaired is 1-800-927-9275.
Buying a car this week? Check out new and used car specials from over 100 local dealers. Visit Boston.com/cars powered by Cargurus.com
OLD SLOT MACHINES & other gambling equipment call Jim 781-775-8220
boston.com/ classifieds
AKC REGISTERED BEAGLES
First shots and wormed, ready to go. Excellent companions and hunting dogs. $800.00, currently taking deposits. Call 603-986-8093 or email eosilver@msn.com
Boston’s best jobs The
Experience Globe.com
Careers Section
REAL ESTATE RESIDENTIAL
CHIHUAHUA PUPPIES Born on Halloween, 2 chocolate, 2 black & white, 1 Male, 3 Females. $500. Ready now. Call Anthony, 781-521-9555
ANDOVER, Legends at ACC up to 3460+sf 2-3br/2.53.5ba. From $1,200,000.
GOLDEN RETRIEVER puppies $1000 each. Ready to go now. 1st shots & health certificate. 603-998-3393
978-470-0189 Yvon Cormier Construction www.homesatandover countryclub.com
www.ebook3000.com
VACATION RENTALS
of The Boston Sunday Globe FL Juno Beach, steps to sand
powered by
bright & airy 2/2,pool $3500/ mo 3 mo min 561-371-0243