It looks like the United States Postal Service is slowly going down the tubes. (Ah, if only the rest of the government would follow.) Because the USPS is already projecting $238 billion in losses over the next ten years, it is in the process of considering certain cost-cutting measures—including the end of Saturday mail delivery. Another “brilliant” way it’s considering is to raise its prices. Being a monopoly in the delivery of First Class Mail, this may work for awhile—but eventually consumers will find a way around this.
[Thanks to Scott Munro]
6:55 pm on March 2, 2010