I simply don't understand how ICANN, an organization whose mission is to manage some of the most important aspects of the *public* internet for the benefit of the *public*, an organization which claims to work in a "bottom-up, consensus-driven, multi-stakeholder model" can possibly even consider allowing a single entity such as Verisign to raise prices by 7% **every year*.* As others have noted, this may not be a big deal for big companies. It is a VERY big deal for those of us INDIVIDUALS who own a couple of domains and want / need to keep them. I strongly urge you to walk away from this HORRIBLE deal for the public that you are supposed to serve. jay