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(July 6) -- Today, the U.S. Postal Service announced what would be its latest price increases, proposing to hike the price of a stamp by 2 cents to 46 cents. If the independent Postal Regulatory Commission accepts its request, the new rate will go into effect beginning in January. In related news, the Forever Stamp, which is set to get a new look, seems like an increasingly smart investment. Here's a look back at the basic stamp's seemingly inexorable climb toward the half-buck threshold. A Decade of Postage Increases January 2001: The cost per ounce increases by a penny to 34 cents. ...
(March 30) -- Saturday "snail mail" is one step closer to going the way of the carrier pigeon. The U.S. Postal Service submitted its "five-day delivery" proposal to regulators today, moving to scrap Saturday mail delivery in an effort to shave $3.1 billion annually from the $238 billion in losses the agency estimates by 2020. Notably, the proposal was sent to the Postal Regulatory Commission via e-mail. Matt Rourke, AP The U.S. Postal Service submitted a plan to regulators Tuesday that, if approved, would stop Saturday mail delivery. Here, a Philadelphia postal worker delivers mail. The ...
Who do you trust more -- the Post Office or your health insurance company? Republican Party Chairman Michael Steele and his consultants at the GOP think they have a winning line of attack on President Obama and his campaign to overhaul the health care system. It entails dissing the U.S. Postal Service. In a fundraising e-mail sent out Thursday, Steele started with a statement Obama recently made to support including a government-run health insurance plan in the health care reform package: I think private insurers should be able to compete. . . . I mean, if you think about it, UPS and FedEx are ...
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