Monday, November 15, 2010

"Going Postal" Means Going Broke!

The U.S. Postal Service boasts that it has cut billions in expenses and dropped over 100,000 full-time workers. Nevertheless, because of the economy and the changing technology (e-mails are free, you know), it is losing more money than ever.

Like a net loss of $8.5 billion in the fiscal year that ended Sept. 30. That's more than double the $3.8 billion from the year before.

Class, can you say "Privatization?"