On Thursday, December 28, 2017, a Los Angeles publication mailed me a check via the United States Postal Service. I received the check on January 18, 2018, a full 21 days after it had been mailed, so the cost worked out to just pennies a day. On the other hand, in 21 days I…
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Customers of Staples Inc. have been enjoying the conveniences of in-store postal services but as Bloomberg reports, that will soon come to an end. The cancellation is a “coup for the Postal Service’s largest union,” the American Postal Workers Union, which fought Staples’ merger with Office Depot and urged customers to boycott the company….
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As we have noted, the United States Postal Service (USPS) is a perennial loser, always billions in the red, with taxpayers on the hook. On the other hand, whatever the losses, the USPS finds a way to give postal bosses a pay hike. As a visit to any post office will confirm, the regular…
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In January, the United States Postal Service hiked the price of stamps and its package shipping increased, but as Reuters reports, “The U.S. Postal Service continued to bleed money during its second quarter.” From April to June, the USPS lost $2 billion, compared with $1.9 billion in the first quarter and $740 million in…
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In October we noted that the U.S. Postal Service (USPS) had recently defaulted on a $5.6 billion mandate to pre-fund retiree health benefits, the second time in two months the USPS had failed to deliver. In August it failed to make a $5.5 billion retirement prepayment slated for last September, which Congress conveniently deferred….
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Ed O’Keefe reports at the Washington Post that the U.S. government’s postal monopoly continues to hemorrhage red ink at an astounding rate as a result of huge and unsustainable, public-employee-union pension schemes: The U.S. Postal Service reported $2.2 billion in losses during its second quarter, continuing several quarters of historic losses amid declining mail…
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