Monopoly on snail mail. (Correction Please).
ITEM: President Bush, reported CBS News CBS News is the news division of American television and radio network CBS. Its current president is Sean McManus who is also head of CBS Sports. Current productions
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Transfer of government services or assets to the private sector. State-owned assets may be sold to private owners, or statutory restrictions on competition between privately and publicly owned of the U.S. Mail...,' Burrus said."
CORRECTION: Paranoid union suspicions notwithstanding, there is no indication of an administration plot to do the right thing. Indeed, Treasury Undersecretary Peter Fisher explicitly gave assurances about the commission's aim: "This is not a stealth project to privatize the Postal Service."
To get a sense of Postal Service competence, consider that it was happy to report losses of $676 million in the last fiscal year compared to the expected $1.35 billion for this year. Despite handling less mail (down 4.6 billion pieces in a year), the USPS (1) (Uninterruptible Switching Power Supply) A power supply for a computer that contains its own battery and uninterruptible power supply (UPS) circuitry. See power supply and UPS. raised first-class rates by almost 9 percent in June.
The Postal Service uses its protected tax-exempt position to compete with private firms in various e-commerce enterprises. Yet because the USPS has a legal monopoly Legal monopoly
A government-regulated firm that is legally entitled to be the only company offering a particular service in a particular area. on first- and third-class mail, it is a federal crime for private firms to deliver such items for prices as low as the Postal Service.
In 1998, former Postmaster General POSTMASTER GENERAL. The chief officer of the post office department of the United States. Various duties are imposed upon this officer by the acts of congress of March 3, 1825, and July 2, 1836, which will be found under the articles Mail; Post Office and Postage. William Henderson foresaw: We will "not retain our monopoly forever. We will lose this monopoly. It's happening all over the world." However, in Washington, that day never comes.