This is a clear example why government's intervention may prevent key industry from being innovative and surviving itself given mandates that paralyzed its decentralized solutions.
Click here to read the article.
Tuesday, February 19, 2013
The Postal Service's next move? A clothing line
US Postal Service announced a record loss of nearly $16 billion for the fiscal year 2012. One of the main reasons blamed for this loss was its mandatory task to spend billions of dollars for a retirement health fund. Furthermore, its effort to find new ways to make profit has been stagnant or showing no sign of reform with response to US government's policies.
This is a clear example why government's intervention may prevent key industry from being innovative and surviving itself given mandates that paralyzed its decentralized solutions.
Click here to read the article.
This is a clear example why government's intervention may prevent key industry from being innovative and surviving itself given mandates that paralyzed its decentralized solutions.
Click here to read the article.
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2 comments:
The US Post Office as is will not be profitable any time soon. Prices need to rise, and might be met with increased service, which could save the system. But as Pat says, the government is stifling innovation.
Wow. It really is ridiculous that we're forcing people like the Postmaster General to come before Congress and beg for more funding considering that it looks like (based on this article) the money problem could be easily remedied.
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