Seattle singer-songwriter Jen Wood is best known for duetting with Ben Gibbard on the Postal Service’s “Nothing Better,” but she’s maintained a long and fruitful solo career as well as teaming with the likes of Joan Of Arc and Black Heart Procession. Her latest album, Wilderness, is coming this fall. Lead single “Run With The [...]
WASHINGTON — In another not-so-stunning display of government agency ineptness, the U.S. Postal Service (USPS) saw a $2 billion loss in the second quarter of the year 2014. As Reuters said, the agency “continued to bleed money…despite an increase in package revenues and an emergency price hike that took effect in January.” So, from April […]
Half of the Senate on Thursday called for a one-year hold on the U.S. Postal Service’s plans to close mail-processing plants, saying the move should come as part of any legislation to avoid another government shutdown. Fifty senators signed a bipartisan letter to top members of the House and Senate appropriations committees opposing USPS plans for closing up […]
Could the US Postal Service improve its financial position by becoming a bank? And could it change the financial sector for the better in the process?
SIMSme is a fully-fledged rival to the likes of WhatsApp, Threema and Snapchat, with the added bonus of being based in a jurisdiction with really tight data protection laws. Now even Germany’s postal service has an encrypted messaging app originally published by Gigaom, © copyright 2014. Continue reading….
Andrew Harrer/Bloomberg via Getty Images WASHINGTON -- The U.S. Postal Service lost $2 billion this spring despite increasing its volume and charging consumers more money to send mail, officials said Monday. The loss for the spring quarter,...Show More Summary
The U.S. Postal Service lost $2 billion this spring, which means it won't be able to meet a payment for the retiree health care fund. Also, banana producer Chiquita Brands International received a buyout offer. Jill Wagner has some of today's top MoneyWatch headlines.
The NYT reported that the Postal Service lost $2.0 billion in the third quarter of its 2014 fiscal year. While the piece did note that much of this loss was attributable to a requirement imposed by Congress that the system prefund its...Show More Summary
Sounds like: The Postal Service, Ayer, The Magician Song: Goldroom - Till Sunrise (Belarbi Remix) What's so good? Belarbi is quickly making a name for himself with his powerful remixes. On deck is a chillwave facelift of Goldroom's "Till...Show More Summary
That's a bad quarterly loss: The loss for the spring quarter, which ended June 30, was significantly higher than the $740 million loss for the same three-month period last year. The agency blamed increases in compensation and benefit...Show More Summary
Photo by Flickr user Aranami WASHINGTON — The U.S. Postal Service lost $2 billion this spring despite increasing its volume and charging consumers more money to send mail, officials said Monday. The loss for the spring quarter, which ended June 30, was significantly higher than the $740 million loss for the same three-month period last year. Show More Summary
By Elvina Nawaguna WASHINGTON (Reuters) - The U.S. Postal Service continued to bleed money during its second quarter, despite an increase in package revenues and an emergency price hike that took effect in January. USPS has focused on...Show More Summary
The U.S. Postal Service continued its nearly six-year run in negative financial territory, reporting an overall loss of $2 billion for the third quarter despite increasing its revenue by 2 percent. The agency announced Monday that it will also default for a fourth consecutive year on its $5.7 billion prefunding payment for retiree health benefits. The Postal Service […]
Curious what pure, unadulterated government efficiency in practice, if not in theory, looks like? Then the following chart of USPS operating profits, pardon, losses over the past decade should be sufficient. The punchline: having generated...Show More Summary
On Monday, the U.S. Postal Service announced it lost $1.96 billion in the third quarter. The fledgling service reported total liabilities of $67.16 billion versus just $23.16 billion in assets. "The agency is saddled with a congressional...Show More Summary
A mailman in Michigan is being hailed a hero after he rescued two pit bulls from a house fire while on his mail route. Brandon Messerschmidt is a rookie mailman in Commerce Township, Michigan who has only been with the postal service for three months. The mailman described how the scene played out to The
An Ohio postal worker was caught on camera apparently throwing away at least one tray of mail into a dumpster outside an apartment building. The incident occurred in the Bond Hill area of Cincinnati on Wednesday, and the footage was uploaded to YouTube. See embed below. Officials retrieved the trashed mail and delivered to its
The U.S. Postal Service plans to release its third-quarter financial report on Friday morning, and many employees and customers will be hoping for signs of a continued turnaround after years of negative balances. USPS has lost tens of billions of dollars over the past seven years, with people increasingly turning to digital methods for communication and paying their bills. […]
Harry Potter and his ilk are cheapening the once-respected U.S. Postal Service's stamp program, according to Benjamin F. Bailar, a former postmaster general. "The stamp program should celebrate the things that are great about the United...Show More Summary