Word: fee
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While consumers rejoiced, the cable industry griped that the regulations took away the incentive to add new programming to their basic service -- those packages of channels offered for a flat monthly fee. The regulations allow systems to pass along the cost of new channels plus 7.5%, but cable operators complain that the percentage is too small to make carrying such channels worth it. Hence few new channels on basic cable. "In regulating the industry," contends Carter Maguire, executive vice president of sales for Turner Cable Network, "the FCC has paralyzed...
Maryellen Gordon is still fumbling. When the Manhattan freelance writer opened a checking account at Manufacturers Hanover bank six years ago, she could keep as small a balance as she liked for a fee of just $5 a month, and there was no charge for using the automated teller machines. Then Manufacturers Hanover merged with Chemical Bank in 1992, after which Gordon had to keep at least $3,000 in the bank to avoid being charged each time she used the ATM system. Enough was enough. Earlier this year she took her money to a credit union where...
Perhaps most galling of all are the fees charged account holders who unwittingly deposit bad checks. Thirty-five percent of U.S. banks resorted to such charges in 1991. Today it's up to 85%. USPIRG., which conducted the study, says that besides being stuck with bum checks, victims are paying on average a $5.29 fee to their bank for the privilege of being stiffed...
...allow the city of Hartford to issue bonds needed to pay for a new waste-treatment plant. Rostenkowski instructed his staff to draw up the necessary amendment. Just a day or two later, he came back to her with a request: to co-sponsor a controversial measure affecting Medicaid fee assignments for physicians. Though it would open her to political fire, Kennelly calculated that the damage would be sustainable and knew that she owed one to Rosty. "One of the reasons he was such a great chairman," she explains, "is that he found out what you absolutely had to have...
...Members of the Undergraduate Council vote to raise the term-bill fee it charges students from $20 to $30. After the first campus-wide refernedum testing support for the measure is invalidated because of election improprieties, a second studentwide vote shows strong opposition to the fee hike...