In today’s Web Wednesday posting for our library’s website I presented the piece below. However, the posting here has a little bit extra!
In an article posted today on The Charlotte Observer’s website the headline reveals that the US Postal Service is “headed for financial ruin.” It should come as no surprise that this is yet another victim of the US economic situation. However, as a very government-regulated entity saving itself is no easy task. According to the Postmaster General, the USPS “should eliminate Saturday delivery, close thousands of local post offices, restructure its health plan and lay off 120,000 workers to survive.” Failure to restructure the USPS would be catastrophic. Unable to pay its bills and likely to be very dangerously in the red (over $10 billion), the centuries-old institution is but the latest casualty of not only the economic times but also of the changes in technology and today’s way of life.