Loses mount to $5.1 billion. The U.S. Postal Service said Tuesday it has lost $5.1 billion in the past year, pushing it closer to imminent default on a multibillion-dollar payment and to future bankruptcy as the weak economy and increased Internet use drive down mail volume. The financial losses for the year ended Sept. 30 came despite deep cuts of more than 130,000 jobs ... MOREAP: Post Office Is Another Government Debt Machine
Loses mount to $5.1 billion. The U.S. Postal Service said Tuesday it has lost $5.1 billion in the past year, pushing it closer to imminent default on a multibillion-dollar payment and to future bankruptcy as the weak economy and increased Internet use drive down mail volume. The financial losses for the year ended Sept. 30 came despite deep cuts of more than 130,000 jobs ... MOREWeekly Standard: Obama Has America Powering Down
Federal regulation is killing energy development. American energy policy is increasingly defined in terms of what is prohibited, not what is promoted. Coal, nuclear, and natural “shale” gas all have been hampered by the current administration. And the last three weeks have offered two more examples of how America’s byzantine energy laws and policy deter ... MORE
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