[net-gold] UNITED STATES: GOVERNMENT : POSTAL SERVICE AND MAIL DELIVERY : FINANCE : BANKRUPTCY: Postal Service Is Nearing Default as Losses Mount
- From: "David P. Dillard" <jwne@xxxxxxxxxx>
- To: Net-Gold -- Educator Gold <Educator-Gold@xxxxxxxxxxxxxxx>, Educator Gold <Educator-Gold@xxxxxxxxxxxxxxxx>, net-gold@xxxxxxxxxxxxx, Net-Gold <Net-Gold@xxxxxxxxxxxxxxx>, NetGold <netgold@xxxxxxxxxxxxxxx>, Net-Gold <net-gold@xxxxxxxxxxxxxxxx>, K-12ADMINLIFE <K12ADMIN@xxxxxxxxxxxxxxxxxxx>, K12AdminLIFE <K12AdminLIFE@xxxxxxxxxxxxxxx>, MediaMentor <mediamentor@xxxxxxxxxxxxxxx>, Digital Divide Diversity MLS <mls-digitaldivide@xxxxxxxxxxxxxxx>, NetGold <netgold@xxxxxxxxxxxxxxxx>, Net-Platinum <net-platinum@xxxxxxxxxxxxxxx>, Sean Grigsby <myarchives1@xxxxxxxxxxxxxxx>, Net-Gold <NetGold_general@xxxxxxxxxxxxxxxxx>, Temple Gold Discussion Group <TEMPLE-GOLD@xxxxxxxxxxxxxxxxxxx>, Temple University Net-Gold Archive <net-gold@xxxxxxxxxxxxxxxxxxx>, Health Lists -- Health Diet Fitness Recreation Sports Tourism <healthrecsport@xxxxxxxxxxxxxxxx>, Health Diet Fitness Recreation Sports <healthrecsport@xxxxxxxxxxxxxxx>, HEALTH-RECREATION-SPORTS-TOURISM@xxxxxxxxxxxxxxxxxxx
- Date: Wed, 7 Sep 2011 07:20:12 -0400 (EDT)
.
.
UNITED STATES: GOVERNMENT :
POSTAL SERVICE AND MAIL DELIVERY :
FINANCE :
BANKRUPTCY:
Postal Service Is Nearing Default as Losses Mount
.
.
Postal Service Is Nearing Default as Losses Mount
By STEVEN GREENHOUSE
Published: September 4, 2011
New York Times
http://www.nytimes.com/2011/09/05/business/in-internet-age-
postal-service-struggles-to-stay-solvent-and-relevant.html
.
A shorter URL for the above link:
.
http://tinyurl.com/3omevg5
.
.
The United States Postal Service has long lived on the financial edge, but
it has never been as close to the precipice as it is today: the agency is
so low on cash that it will not be able to make a $5.5 billion payment due
this month and may have to shut down entirely this winter unless Congress
takes emergency action to stabilize its finances.
.
Our situation is extremely serious, the postmaster general, Patrick R.
Donahoe, said in an interview. If Congress doesnt act, we will default.
.
In recent weeks, Mr. Donahoe has been pushing a series of painful
cost-cutting measures to erase the agencys deficit, which will reach $9.2
billion this fiscal year. They include eliminating Saturday mail delivery,
closing up to 3,700 postal locations and laying off 120,000 workers
nearly one-fifth of the agencys work force despite a no-layoffs clause in
the unions contracts.
.
The post offices problems stem from one hard reality: it is being squeezed
on both revenue and costs.
.
As any computer user knows, the Internet revolution has led to people and
businesses sending far less conventional mail.
.
At the same time, decades of contractual promises made to unionized
workers, including no-layoff clauses, are increasing the post offices
costs. Labor represents 80 percent of the agencys expenses, compared with
53 percent at United Parcel Service and 32 percent at FedEx, its two
biggest private competitors. Postal workers also receive more generous
health benefits than most other federal employees.
.
The Senate Homeland Security and Governmental Affairs Committee will hold
a hearing on the agencys predicament on Tuesday. So far, feuding Democrats
and Republicans in Congress, still smarting from the brawl over the
federal debt ceiling, have failed to agree on any solutions. It doesnt
help that many of the options for saving the postal service are
politically unpalatable.
.
.
The complete article may be read at the URL above.
.
.
Sincerely,
David Dillard
Temple University
(215) 204 - 4584
jwne@xxxxxxxxxx
http://daviddillard.businesscard2.com
Net-Gold
http://groups.yahoo.com/group/net-gold
http://listserv.temple.edu/archives/net-gold.html
Index: http://tinyurl.com/myxb4w
http://groups.google.com/group/net-gold?hl=en
General Internet & Print Resources
http://guides.temple.edu/general-internet
COUNTRIES
http://guides.temple.edu/general-country-info
EMPLOYMENT
http://guides.temple.edu/EMPLOYMENT
TOURISM
http://guides.temple.edu/tourism
DISABILITIES
http://guides.temple.edu/DISABILITIES
INDOOR GARDENING
http://tech.groups.yahoo.com/group/IndoorGardeningUrban/
Educator-Gold
http://groups.yahoo.com/group/Educator-Gold/
K12ADMINLIFE
http://groups.yahoo.com/group/K12AdminLIFE/
The Russell Conwell Learning Center Research Guide:
THE COLLEGE LEARNING CENTER
http://tinyurl.com/yae7w79
Nina Dillard's Photographs on Net-Gold
http://tinyurl.com/36qd2o
and also http://gallery.me.com/neemers1
http://www.flickr.com/photos/neemers/
Twitter: davidpdillard
Bushell, R. & Sheldon, P. (eds),
Wellness and Tourism: Mind, Body, Spirit,
Place, New York: Cognizant Communication Books.
Wellness Tourism: Bibliographic and Webliographic Essay
David P. Dillard
http://tinyurl.com/p63whl
http://tinyurl.com/ou53aw
INDOOR GARDENING
Improve Your Chances for Indoor Gardening Success
http://tech.groups.yahoo.com/group/IndoorGardeningUrban/
http://groups.google.com/group/indoor-gardening-and-urban-gardening
SPORT-MED
https://www.jiscmail.ac.uk/lists/sport-med.html
http://groups.google.com/group/sport-med
http://groups.yahoo.com/group/sports-med/
http://listserv.temple.edu/archives/sport-med.html
HEALTH DIET FITNESS RECREATION SPORTS TOURISM
http://health.groups.yahoo.com/group/healthrecsport/
http://groups.google.com/group/healthrecsport
http://healthrecsport.jiglu.com/
http://listserv.temple.edu/archives/health-recreation-sports-tourism.html
.
.
Please Ignore All Links to JIGLU
in search results for Net-Gold and related lists.
The Net-Gold relationship with JIGLU has
been terminated by JIGLU and these are dead links.
http://groups.yahoo.com/group/Net-Gold/message/30664
http://health.groups.yahoo.com/group/healthrecsport/message/145
.
.
Other related posts:
- » [net-gold] UNITED STATES: GOVERNMENT : POSTAL SERVICE AND MAIL DELIVERY : FINANCE : BANKRUPTCY: Postal Service Is Nearing Default as Losses Mount - David P. Dillard
