Word: fee
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Dates: during 2000-2009
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...fresh idea comes from Eric Dinallo, the New York state insurance superintendent, who in a March 3 Wall Street Journal op-ed suggested that insurance commissioners mediate the ratings process, since insurers are among the largest buyers of rated bonds. Regulators would collect a fee from insurance outfits and then use the money to buy ratings for everyone to use. If the ratings proved too rosy over time - or inaccurate in another way - regulators would switch to a different ratings company...
That idea is similar to one put forth in a recently published book of economic-policy proposals written by professors at New York University's Stern School of Business. Under their system, a company that wanted to have its debt rated would pay a fee to a government-run centralized clearing platform, which would then pick a ratings firm. Firms, again, would be evaluated on the accuracy of their ratings over time. "It breaks the conflict of interest," says Matthew Richardson, a professor of applied financial economics at Stern...
...Fee For All. Starting May 5, Virgin America will begin charging $15 for each checked bag. Previously, the first checked bag was free. But there is some good news, the airline is lowering its charge to change or cancel flights, from...
Offsite Booking. While airlines continue to add fees, travel websites seem to be dropping them, at least temporarily. Last week Expedia dropped its booking fee for all domestic and international flights through May 3. Now Travelocity has dropped its $7 booking fee too. Let your fingers do the tapping...
...distribute, and volunteers' shift toward time, not money, is only part of what threatens nonprofit budgets for years to come. Traditional bastions of financial support have plenty of their own problems. Corporations and foundation endowments have been crushed by the stock market. State governments, a key source of fee-based support, are seeing slumping tax revenues. On top of all that, Obama has proposed to reduce tax breaks for wealthy people's contributions...