Last month the US Post Office asked Congress for an extra day off. Turns out, with a $2.8 billion deficit in 2008, it can no longer afford to deliver mail six days a week. And with an $8 billion shortage predicted for ‘09, it’s going to need more money than May’s 2¢-stamp-price hike will bring.
Now [...]
With the US Postal Service announcing its rate increases for 2009, the agency and the mailing industry face an uncertain future.
The USPS, facing a well-publicized $2.8 billion deficit this year and total mail volume decrease of 9 billion, said the rate increases will amount to a drop in the bucket toward solving the agency’s fiscal [...]
This item, culled from Village Manager Tom Barwin’s secret memos to trustees, is fascinating. Ever wonder what would happen if a dirty bomb went off or an airborne disease started spreading around the area? Answer: Postal workers would stop delivering letters and start delivering medicines. But to protect the stash, they’d be assigned a local [...]
The objectionable sites currently include things like child pornography or information related to terrorism, both of which are unlawful in Oz. The Australian Communications and Media Authority maintains and updates a list of tens of thousands of such prohibited websites and would mandate that all ISPs in Australia prevent their users from accessing the sites. [...]
Various ideas to overhaul the business model of newspapers have been debated in recent weeks, such as the possibility of a return to paid online content, or a non-profit endowment scheme. Both have potential, but both are long term solutions that would take some time to implement, and for the immediate crisis at hand, could [...]
Calls for an overhaul of the U.S. Postal Service are getting louder. They’ll only increase in volume in the runup to a 2 percent increase in the price of a first-class stamp, scheduled for May 11.
The additional postage is needed to cover the rising costs of a sprawling operation that employs 685,000 citizens, operates 37,000 [...]
Because of the current economic downturn, the United States Postal Service is taking certain tough but necessary steps here in the St. Louis area and around the country. In order to maintain affordable service and remain viable, we’re making changes to operations, staffing, and facilities similar to what other businesses are doing in these tough [...]
Most people believe that the United States Postal Service is somehow owned and operated by the U.S. Government. In reality, it is not. The USPS operates by a government mandate, and in contract with the government, but it is a for-profit business with a corporate hierarchy, profit margins and budgets. As is the case with [...]
LOS GATOS, Calif., Feb. 12 — Netflix, Inc. (Nasdaq: NFLX), the world’s largest online movie rental service, today announced it has surpassed 10 million subscribers, a milestone that reflects the widespread and growing appeal of the company’s service. For one low monthly price, Netflix members can get unlimited DVDs delivered to their homes quickly and [...]
The Obama administration needs a stronger narrative. If the president is to succeed in the recovery from economic recession, repair the multi-faceted damage of the Bush years, and create sustainable economic growth for the future, he has to have a compelling story line. Most Americans don’t easily understand economics–but they do experience economic reality. They [...]