Saturday, August 6, 2011

When the postman rings twice

USPS posts $3.1 billion loss in Q3, warns of default

By Emily Stephenson | Reuters – Fri, Aug 5, 2011
WASHINGTON (Reuters) - The U.S. Postal Service posted a net loss of $3.1 billion in its third quarter and warned again it would default on payments to the federal government if Congress did not step in.
Comment: Creative destruction at its best.
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