Friday, August 10, 2012

Postmaster General Donahoe: "Congress needs to act responsibly and get on with things so that we can get these things in our rearview mirror,"

U.S. Postal Service loses $5.2 billion, warns of low cash

From the article: "...The U.S. Postal Service's net loss widened to $5.2 billion during the April through June period, and the cash-strapped agency warned on Thursday that without help from the U.S. Congress it will face low cash and be unable to borrow money this fall...."


Article Reference: www.reuters.com

Friday, August 3, 2012

Things that make you go hmm?

Post Office Privatization Is Probably a Huge Real Estate Deal

From the article: "...But the idea raises a question: If Geddes and the AEI are correct and the USPS is such a bottomless money pit, why would anybody want it? Who ever heard of buying a service company with no upside? What's in it for them? Well, real estate, actually, and Geddes and every commenter hints at this. Privatizing the USPS has the potential of being one of history's biggest -- and most profitable -- real estate deals ever. ..."


Article Reference: www.huffingtonpost.com

Thursday, August 2, 2012

Postal worker weapons cache discovered

Weapons cache leads to arrest of Kauai postal worker

From the article: "...A 51-year-old U.S. Postal Service worker on Kauai is in federal custody on charges that he possessed a fully automatic rifle and used someone else’s firearms license to order a firearm from the mainland without the other person’s permission. Troy Haruki Hamura, of Lihue, appeared in federal court Thursday afternoon wearing a white prison jump suit...."

Article Reference: www.staradvertiser.com