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Bank Of America Investment By Dave Porter

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Investment Opportunity (AXcess News) San Francisco - San Francisco Mayor Gavin Newsom called the city's cable caroperators thieves, claiming some operators are pocketing the $5 fares. San Franciscans immediatelysided with the cable car operators.

Thieves are now stealing cables, farm equipment and abandoned cars from the roadsides. Construction companies complain thieves are stealing the iron parts of equipment left on the job site. The newspaper said that Asyah is like a magnet for the iron thieves, and police there are making many arrests. Many of the suspects are overstayers, police said. In a recent case, an overstayer apparently first stole a truck and then used the vehicle to haul away stolen pipes and tractor tires.

Banc Of America Investment San Francisco's cable caroperators demanded that Newsom apologize. The mayor, who rides the system weekly, says "no way."

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Banking Investment A spokesmen for Mayor Newsom says he rides the cable cars on the weekends, often in a hat and sunglasses and that he has witnessed cable car operators accepting fares but not issuing receipts, as they're required to do. Newsmon says he is convinced they are pocketing the cable car fees.

Investment Solution Strategic Many San Franciscans say Newsom's beef is petty, that there are bigger transportation issues he should be concerned with.

elephant.co.uk's research found there were also differences between the nationality of cars most likely to be broken into and ones stolen outright. Italian cars such as Alfa Romeos and Fiats were the most likely to be broken into, while American cars such as Chevrolets and Chryslers were the most likely to be driven away by car thieves. However, overall German cars were the main target of car thieves.

Investment Banking Services Maggie Lynch, a spokeswoman for the city's Muni system said that many riders sneak in the back door of buses, costing the city $10 million annually in lost fairs.

Bank Investment Last year, San Francisco's cable cars brought in $16 million in fares for the city generated from an estimated 7 million riders.

Alternative Investment The city's cable car gripmen and conductors average $26 an hour in pay, which they say are good wages and that while a few operators may be pinching fares, it was unfair of mayor Newsmon to berate cable car operators publicly.

Online Investment Services Mayor Newsmon had raised his suspicions at a budget meeting Wednesday. The following day, Newsmon back peddled, saying that he believed most cable car operators were honest and that they are held up high by many tourists who visit San Francisco as if ambassadors to the city.

Accompany Essential Investment But Newsmon also noted that the muni budget was running $4 million in the red and that it was time to stamp out corruption and waste.

Investment Company StartingFeb. 1, Muniwill launch a new fare collection system that includes fanny packs for conductors to keep fares until the end of the run, plus the city will be adding more 'proof of payment inspectors' system wide.

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