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London celebrates the birth of Royal Baby
We just the released the statement from President Obama and First Lady Michelle Obama congratulating Their Royal Highnesses The Duke and Duchess of Cambridge:
Michelle and I are so pleased to congratulate The Duke and Duchess of Cambridge on the joyous occasion of the birth of their first child. We wish them all the happiness and blessings parenthood brings. The child enters the world at a time of promise and opportunity for our two nations. Given the special relationship between us, the American people are pleased to join with the people of the United Kingdom as they celebrate the birth of the young prince.
(Photo: Mike Blake / Reuters)
The U.S. postmaster general has renewed his plea for lawmakers to allow the financially troubled Postal Service to switch to a five-day delivery schedule for first-class mail and to implement other overhauls needed to modify its outdated business model.
Tim Duncan of the San Antonio Spurs stands under the team’s four Championship banners while playing the Miami Heat during Game Five of the 2013 NBA Finals on June 16, 2013 at AT&T Center in San Antonio, Texas.
(Photo by D. Clarke Evans/NBAE via Getty Images)
The end of the Postal Service?
Neither snow nor rain nor heat are supposed to keep mail carriers from doing their duty, but the current crisis facing the postal service is a bit more of a man-made problem.
The U.S. Postal Service lost a mind-boggling $15.9 billion last year, and currently loses $25 million every day. Employee numbers have been cut down, facilities have been consolidated and delivery standards have been lowered - but the organization is still hemorrhaging cash.
It may be run as a corporation, but the Postal Service still faces congressional oversight, which has hampered its reform efforts.
Postal officials recently tried to end Saturday letter delivery, which could have saved $2 billion per year, but Congress blocked it. A legislative proposal to replace doorstep delivery with curbside delivery, which would save $4.5 billion, failed last year. A plan to close thousands of rural post offices was abandoned after postal officials deemed the closures would “upset Congress a great deal.”
And then there’s the 2006 Postal Accountability and Enhancement Act, which mandated that the Postal Service pre-fund the health benefits of future retirees 50 years into the future. The yearly cost of that measure? About $5.6 billion.
Read more to learn about some measures in the works to save the 238-year-old service before it collapses in financial ruin.
Photo: Justin Lane / EPA
Tim Henderson- Game Saver and BAMF