Friday, July 31, 2009
The Postal Service’s problems may continue to worsen even after the recession ends. Both consumer and business customers are using traditional mail less and less in favor of e-mail and other means of communication. Mail volume last year fell by 9.5 billion pieces to 203 billion pieces and it is expected to fall to 175 billion pieces this year.
The Postal Service anticipates mail volume will continue to remain flat or decline further over the next five years.The USPS is expected to post a $7 billion loss this year. It has outstanding debt of $10 billion and may have a cash shortfall this year of $1 billion.
In order to meet payroll and other expenses this year, the USPS hopes to delay payments to its retiree health care fund. It is also closing post office locations, cutting jobs and freezing salaries. It may also reduce mail delivery from six days a week to five.The GAO report says the Postal Service isn’t undertaking cost-cutting fast enough. It also suggests it explore opportunities to generate new forms of revenue.
Full Article Here
Thursday, July 30, 2009
Wednesday, July 29, 2009
Tuesday, July 28, 2009
Monday, July 27, 2009
The device is expected to be launched alongside new content details, including some aimed at stimulating sales of CD-length music, according to people briefed on the project. This news comes amid rumors of a recent collaboration between Apple and the four major record labels (Warner, Sony, EMI and Universal) on the project. The touch-sensitive computer will have a screen that may be up to 10 inches diagonally.
It will connect to the internet like the iPod Touch – probably without phone capability but with access to the web, and to Apple’s online stores for software and entertainment.
Apple is gambling that it can succeed where everyone else has flopped, including Microsoft, which tirelessly pushed a tablet-ready version of its Windows operating system as a personal favourite of founder Bill Gates.
The entertainment industry is hoping that Apple, which revolutionised the markets for music players and for phones, can do it again. “It’s a portable entertainment device,” said one entertainment executive. “It’s going to be fabulous for watching movies.”
Recording industry executives said Apple planned to use the larger screen to offer new services such as interactive booklets and liner notes that come along with purchases of entire music CDs.
Full Article Here
Sunday, July 26, 2009
Saturday, July 25, 2009
Friday, July 24, 2009
On Tuesday became the first city in the US to assess a tax on marijuana. State and national advocates of the tax say the victory is a significant turning point in the history of cannabis use, paving the way for taxation in other communities and states and establishing more social acceptance of marijuana use.
Opponents say an irreversible threshold has been crossed, opening the door to more crime and heavier drug use.
By a wide margin of 80 percent to 20 percent, Oakland voters said "yes" to Measure F, which asked: "Shall City of Oakland's business tax, which currently imposes a tax rate of $1.20 per $1,000 on 'cannabis business' gross receipts, be amended to establish a new tax rate of $18 per $1,000 of gross receipts?"
"The voters of Oakland have sent a message to the nation that cannabis is better treated as a legitimate, tax-paying business than as a cause of crime and futile law-enforcement expenditures," says Dale Gieringer, California state coordinator for the National Organization for the Reform of Marijuana Laws.
The city estimates that the measure will raise $294,000 in additional tax revenue in 2010 and more in future years. Some say the measure will provide funds to help offset the city's current $83 million deficit as well as allow police to direct their limited resources to more serious crimes and drug offenses.
Full Article Here