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    The 10 Worst Regulations of 2013

    There are many things 2013 will be remembered for, not least the miles of red tape that were imposed on Americans. It has been a very busy year indeed for regulators, who imposed new dictates on everything from the food we eat to the loans we obtain and the health … More

    Postal Service Won’t Shut Down but Will Default on Its Debt

    The U.S. Postal Service (USPS) defaulted on its debt last night. No, it has nothing to do with the partial shutdown of the government. The USPS is not affected by that. Rather, it has its very own, parallel fiscal crisis that threatens its viability as an institution. Yesterday’s default—on $5.6 … More

    Is the Government Reading Your E-Mail?

    Should the contents of your e-mail messages be protected from unwarranted law enforcement scrutiny to the same extent as your physical letters sent through the mail? To ask the question makes the answer seem obvious. E-mail is today’s postal service and the personal contents of your e-mail messages are as … More

    Another Day, Another Default: Postal Service to Miss $5.6 Billion Payment to Treasury

    In August, the U.S. Postal Service (USPS) failed to pay $5.5 billion due to the Treasury Department to fund health benefits for its retirees. This Sunday, USPS will miss a second payment to the Treasury, this time for $5.6 billion. This second default is no surprise; the USPS just doesn’t … More

    Postal Service in Default: The Beginning of the End?

    Today the U.S. Postal Service (USPS) will default on $5.5 billion in payments to the Treasury for future retiree health benefits. That is no small sum, to be sure. But much to the dismay of the USPS—and the ire of taxpayers—it marks the first of several anticipated and potentially larger … More

    JPMorgan Loses $2 Billion; Still Beats Postal Service

    JPMorgan Chase’s $2 billion trading loss is top news nationwide. But over at the U.S. Postal Service (USPS), such losses are business as usual. USPS reported a typical (for it) $3.2 billion loss for the most recent quarter. Try that comparison on for size. JPMorgan Chase incurred a “whale” of … More

    Morning Bell: Is the Postal Service Doomed?

    If you ran a business with $25 billion in losses over the last five years, $20 billion in annual losses projected in the coming years, and 80 percent of its locations losing money, do you think that your company would stay afloat? Should it be rescued with a bailout from … More

    PODCAST: U.S. Postal Service to Cut $3 Billion

    In this week’s Heritage in Focus, regulatory expert James Gattuso discussed the recent news that the U.S. Postal Service is cutting $3 billion in costs in order to stay afloat. Click here to listen. What services will change as a result of the cuts? How will these cuts affect the … More