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Chased

April 25th, 2011 at 09:08 pm

Closed out my checking and savings account with Chase, kept the rewards based credit card. Got what I got in cash, and promptly deposited it into the credit union bank. Now both my checking and savings accounts are close to the $500 limit for the 6% interest rate. Its only $30/ year, but at least it means that even my smallest accounts are working hard. Talked to HR, my next paycheck will be paper, the paycheck after will be direct deposited appropriately into the credit union.

That project is done.

DJ friend asked to write up a special letter for the Internet radio station. There is a serious issue - he is a legal internet radio station, which means in the U.S. he has to pay royalties. What usually happens is that he submits the songs/works/etc that he or his other DJs will play, along with a monthly payment to a royalty clearinghouse. The royalty clearinghouse pays another agency who then pays BMI, ASCAP, etc. Apparently the royalty clearinghouse that DJ friend has been using has not been paying anybody and has been shut down. So its been a mad scramble to go to a new clearinghouse.

I have to shake my head here. No wonder the music industry is in the state its in - everybody else has to streamline, get leaner and meaner, etc. The music industry appears to just have gotten meaner without the leaner.

So I wrote the letter explaining the situation to all - only took me two hours. As a payment, got a nice capacity coffee card for my trouble. Free coffee for a couple of weeks!

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