Forgone Baby Gone

Imagine this: your cousin lends you $1,200 to start a little business and you have 42 years to pay him back, interest free, at $29 a year. No penalties kick in if you don’t pay him each year and there’s no interest on the debt. 

In the 1990s, Congress arranged that type of deal with the U.S. Postal Service.

 

Finances Stabilize, or Maybe Not

It’s hard to know whether the U.S. Postal Service should have as its theme song “We’re in the Money” or “Brother, Can You Spare a Dime?” Its just-released financial results for the first quarter of fiscal 2016 suggest both are accurate – depending on how you read the statements.

 

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Recent Comments

  • 1 day 11 hours ago
    On priority mailing tracking you should always indicate the next location or post office the package is being sent to. Just to say next location tells me nothing.
  • 2 days 17 hours ago
    Thank you for evaluating and repairing postal buildings recognizing that these assets are important to their communities. I was unable to find current list of buildings that are to be repaired and...

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