Among the thousands of post offices under review for closure is a cramped branch in downtown Elmira, N.Y., bustling on a rainy summer afternoon. It was, until recently, a place retiree Charlotte Dumas took for granted. She visits the downtown branch about three times a week. "I would hate to see it close," she says. "It's so convenient." And it's a bargain. The United States Postal Service (USPS) delivers an average of 563 million pieces of mail a day, six days a week. For a 44-cent stamp, you can send a letter to the far reaches of the nation. Rain, sleet, and manic dogs don't stop the service, which carries mail by pack mule to the Havasupai Indian reservation at the bottom of the Grand Canyon and operates branches in towns of fewer than 100 residents. Too good to be true? It might soon be. To help close a $20 billion revenue shortfall by 2015, the USPS may be forced to shutter as many as 3,700 post offices nationwide.
US Postal Service cut: Its retiree health-care program on the brink today. Entire USPS broke by early next year.
Whistleblower rules to offer tipsters up to 30 percent of the money the government recovers in a fraud. New whistleblower rules will take effect in two months.
NBA playoffs: The Oklahoma City Thunder, in the first triple-overtime NBA playoff game since a 2009 Celtics-Bulls contest, defeated the Memphis Grizzlies Monday night at Fedex Forum. Their second-round series is now knotted at two games apiece.
NBA playoffs: The Memphis Grizzlies visit the San Antonio Spurs tonight for Game 5 of their best-of-seven NBA Western Conference playoff series.
The basic human struggle for freedom, food, and energy will intensify on a global scale over the next few years. Doing more with less must become our mantra.
In recent weeks, the price of a barrel of oil has stayed at about $100 a barrel, and gasoline prices have been edging closer to $4 a gallon. The costs are apparently due to events half a world away, in the Middle East. Even though plenty of oil is around, there is fear of further disruptions, and consumers, business people, and politicians have all been making adjustments. Here are eight ways that higher energy prices are starting to affect America.
Dow average gains 161 points as traders send stocks up broadly. Dow is now positive for the year.
With the price of energy soaring – oil passed $100 per barrel on Tuesday – long-haul truckers are hurting, but hybrid manufacturers are smiling. Californians feel the pinch at the pump while Midwesterners, closer to large fuel inventories, wonder what all the fuss is about. With gasoline now at $3.37 per gallon – 20 cents higher than last week, and rising daily – who is profiting from higher prices and who is not?