More and more of my bills are paid online. My paycheck stub, online. Banking statements, retirement, catalogs, etc. My kids don't write anyone and their kids probably wont know how.
Think telephone. Eventually wearing one the size of a quarter voice activated will keep them in touch. Kind of like the end of messenger service in our lifetime. By the way, most use of the Post Office is either habits formed years ago or lack of internet service in the house.
The Coming Depression: Post Office Loses 8.5 Billion
Think telephone. Eventually wearing one the size of a quarter voice activated will keep them in touch. Kind of like the end of messenger service in our lifetime. By the way, most use of the Post Office is either habits formed years ago or lack of internet service in the house.
The Coming Depression: Post Office Loses 8.5 Billion
WASHINGTON — The post office had an even larger loss than expected last year — $8.5 billion.
The agency said Friday it was in the red for 2010. Earlier estimates had put the loss at $6 billion to $7 billion.
It comes despite elimination of more than 100,000 jobs and other cutbacks over recent years.
The post office has seen a sharp decline in mail because of increased use of the Internet and the recession which cut advertising and other business mail.
For the year that ended Sept. 30, the post office had income of $67.1 billion, down $1 billion from the previous year. Expenses totaled $70 billion, a decline of about $400 million. It also was required to make a $5.5 billion payment for future retiree health benefits.
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