next person. >> peter jacobs. last speaker card on this matter. >> mr. jacobs. >>> peter jacobs. thank you. i think this proposal could be a great thing. i think it has a lot of potential. by having the companies control the medallion directly we can do a lot of exciting thing. we can have an employee-employer relationship. we can enforce people going to and picking up rides and providing good service. but i want to echo some of the things people mentioned. specifically incentivizing the drivers to do -- to want to drive these cars and to do a great job. we have tried to submit proposals to [speaker not understood] several times that outline how we can provide all the drivers with health care. i think that would be a really nice deal for drivers who have families who need to get some kind of security and deserve to have it. and we've never received any kind of response from her whatsoever. so, i like the proposal. i think it needs to be fleshed out. and also it has to do -- i want to touch on the issue of investment from the companies that have currently controlled the medallions

next speaker. >> peter jacobs. and he's the last person who turned in a speaker card with areder to public comment. >> good afternoon, mr. jacobs. >>> good afternoon, members of the board. peter jacobs, [speaker not understood]. i represent arrow checker cab company. as i'm sure you're aware there is a proposal from christin ashley to release [speaker not understood] 500 medallions. we at checker are concerned about this for a couple of reasons. first, we feel this many medallions are -- really any number of medallions would outstrip the demand in the city. already drivers' wages are very low. and adding more cabs is not the solution to improve service. studies have shown adding even one cab into the city will increase traffic as much as adding 16 personal cars. so, you really need to think carefully about this. how much is this going to back up traffic r? how much are people going to be sitting in traffic more rather than getting to their destinations and moving efficiently? i'd like to back up what mr. mahud said

thank you very much. >> next speaker please. >> peter jacob followed by -- >> good afternoon mr. jacobs. >> good afternoon. i wish to say that when it comes to the re distribution -- i think they should absolutely be redistributed on even basis to all full service cab companies and only to the cab companies that are willing to provide healthcare to the drivers and the mta should be helpful in reducing the payment for those so that we can afford to do that. 50/50 and we're submitting a proposal to you and we're going to do a more comprehensive in the coming days. >> thank you look forward to seeing it. >> bill mo u.n. dsey. >> good afternoon directors taxi drivers. the train has left. it's brakes have failed. it's going at fullest speed and will crash somewhere. nobody can stop it. she is a liar. she has constantly abuses her power. she continues to give misstatement at each level she's working on a contingent contingency basis not reality. what's going to happen near by? you are not listening to drivers. very soon a strike is coming. the whole city will be blocked. applause. this

peter sharp, al jazeera, in cypress. >> jabe -- jacob is a senior fellow at the institute of economicsasked him about the impact of the levee on other european troubled countries. >> i don't think this is a measure that has a particular president setting effect because there's a couple of unique features about cypress that makes it necessary. first of all, there's the size of the cypriot banking system. then there is the fact the capital structure of these banks rely almost exclusively on bank deposits. there are, so to speak, no bank bondholders you can bail in. that's why you go where the money is and why you go after the depositers. >> i don't think there's any doubt the cypriots are angry right now and they should be angry at their government and their banks. but we should remember that cypress is going to get a bailout of about $10 billion euros, that is 60% of cypriot g.d.p. and is considerably more than ireland or portugal or greece received as part of their bailout so it's not a matter that cypress won't get solidarity, if you like, from the rest of the euro area. hat the levy