T.H.E.M.
¨We believe in the judgment; we believe this first judgment will take place as God revealed, in America...¨
T.H.E.M.
¨We believe in justice for all, whether in God or not; we believe as others, that we are due equal justice as human beings.¨
US Postal Service lost $3.2bn in Q2 fiscal year
GREETINGS,
IT IS A CLEAR SIGN IN THIS EVENT, THAT AMERICA IS FALLING AND FALLING FAST. THIS SHOWS US BEYOND ANY SHADOW OF DOUBT THAT AMERICA IS CRUMBLING RIGHT BEFORE OUR EYES. SHE CANNOT FORESTALL THE FALL. HER TIME HAS COME.
YOU KNOW IT IS GETTING BAD FOR HER WHEN HER MAIL SERVICE IS BANKRUPT AD COLLAPSING FOR ALL TO SEE. WE SHOULD KNOW AND UNDERSTAND THAT THIS COLLAPSE OF THE U.S.. POSTAL SERVICE UNLINE THE SYSTEMIC ECONOMIC CATACLISM THAT IS PERVADING UNDER THE SKIN OF AMERICA’S UNDERBELLY.
The loss widened from $2.2 billion a year earlier as mail volume declined further, the service said on Thursday in a statement. The service must by law pay $11.1 billion for future health benefits by the Sept. 30 end of its fiscal year.
The 10th consecutive quarter of losses may spur the U.S. House to consider its version of legislation intended to overhaul the service, which is supposed to be self-sufficient, and return it to profitability.
The Postal Service wants to eliminate as many as 220,000 jobs and close mail-processing plants to reduce costs. It says it can save $500 million annually by cutting hours of operation at as many as 13,000 small-town post offices. Bloomberg
FACTS & FIGURES
The Postal Service has been grappling with losses as first-class mail volume declines and more people switch to the Internet to communicate and pay bills. AP
The post office had income of $16.2 billion from January through March, the second quarter of its 2012 fiscal year. That was down a fraction from the same period last year. But quarterly expenses this year climbed to $19.4 billion, up 5 percent, largely driven by the health prepayments. WSJ
The agency has forecast a record $14.1 billion loss by the end of this year; without legislative changes, it said, annual losses will exceed $21 billion by 2016. Reuters
Currently the post office operates more than 31,000 retail outlets. Business Week
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