“The US Postal Service tripled its losses in 2012, bleeding $15.9 billion as the state-owned enterprise faces tough competition and what it calls onerous and unfair retirement funding requirements. The US mail said its losses rocketed in the year to September 30 from a $5.1 billion loss last year, with more than $11 billion sucked off to pre-fund health benefits for service retirees long into the future. Overall mail volume continued to shrink, by 5.1 percent, and operating revenues fell nearly one percent, to $65.2 billion.”
http://www.rawstory.com/rs/2012/11/15/postal-service-losses-tripled-to-16-billion/
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Tip Freedomwat.ch Staff with Bitcoin
Related posts:
Anger after Bill Gates gives £6m to British lab to develop GM crops
What U.S. citizens weren't told about the atomic bombing of Japan
Michigan tax hike suffers worst ballot smackdown in decades
Japanese Troops Storm California Beach as Marine Power Eyed
Miami police officers caught on camera allegedly ignoring 911 calls, report says
A.T.F. Spent Millions Unchecked From Cigarette Smuggling Slush Fund
Newspapers accused of ‘shameful’ complicity for hiding existence of secret U.S. drone base
The rich are saving cash at a record pace
Shutdown halts IRS seizures from tax cheats
Russia Urges Companies to Delist Abroad Amid Sanctions
Trump signs order giving police greater authority, citing phantom "rising crime"
Rich Danes Face Benefit Cuts as Universal Welfare Abandoned
Egypt targets social media, journalists with 'fake news' law
Why Do Americans Stay When Their Town Has No Future?
Central bank puts the brakes on the bitcoin train in India