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Politics : Mainstream Politics and Economics
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To: JBTFD who wrote (14495)4/3/2012 3:43:56 PM
From: TimF  Read Replies (1) of 85487
 
It's not inefficient nor wasteful.

Its both. It costs are too high and its structure too inflexible to adapt well to changing conditions. That's not all its fault, some of it is because of restrictions congress places on it, but such restrictions tend to come with government or quasi-government status.

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The U.S. Postal Service's losses shot up to $3.3 billion in the last three months of 2011, a tenfold jump from the same period a year before, as its customer base eroded with the growth of email and online billing.

The cash-strapped agency recorded the loss during its traditionally strongest period, the year-end holiday shipping season, as declines in mail volumes outweighed growth in shipping.

reuters.com
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