The Guardian Royal Mail sale underpriced by £1bn, says scathing select committee reportThe GuardianRoyal Mail was privatised in October when the government sold 60% of its stake at 330p a share, valuing the company at £3.3bn. On their first day of trading, the shares jumped by 38% – far higher …

Mirror.co.uk Loom band DRESS goes up for sale on eBay for over £150000Mirror.co.ukAre you crazy for loom bands? Well now you can own a dress made of them – if you've got a cool £154,000. The loom band craze appears to be reaching new heights as eBay bids for a …

Herald Scotland Taxpayers lost out on £1bn in sell-off of Royal MailHerald ScotlandThe committee said it was "disturbed" the Government might have failed to reap the benefits of the sale of Royal Mail assets included at privatisation such as three sites in London valued by the Business Department at about …

Lincolnshire Echo Loom bands: Bids for dress made from colourful rubber reach almost £154000 …The IndependentThe eBay listing, by user helenwright72, gives little information about the creation of the dress, describing it simply as a “multi coloured dress made from loom bands”. The item's location is listed as the seaside …

The Herald | HeraldOnline.com (press release) Van Wyck likely to keep post officeThe Herald | HeraldOnline.com (press release)Brian White, a Charlotte-based supervisor with the U.S. Postal Service, said the 50 or so people Wednesday were the most he'd ever seen turn out at a meeting to discuss service changes at …

The Stanton post office will see its retail window hours reduced to two hours …Clanton AdvertiserThe Stanton post office, long a bastion of stability, will undergo drastic changes in the coming months. The post office will see its retail hours reduced and Postmaster Carol Harrison retire. Current hours at the …

Ohio overpaid $88 million in food stamps in 201310TVThe Columbus Dispatch (http://bit.ly/1sFUNdR ) reports the state overpaid more than $88 million in tax-funded benefits last year. In all, Ohio misspent 4.1 percent of the nearly $3 billion received from the federal government for food-stamp benefits in …and more » More: continued …

The Stir Driving my Mercedes to pick up food stampsChicago TribuneI was picking up food stamps. Even then, I couldn't quite believe it. This wasn't supposed to happen to people like me. I grew up in a white, affluent suburb, where failure seemed harder than success. In college, I studied …

The government feared ‘failing’ over the controversial sell-off and received poor advice, according to the Business Select Committee. More: continued here

Express.co.uk Taxpayers lose £1bn after Government followed poor advice in controversial …Express.co.ukAn investigation by an influential committee of MPs into the privatisation ruled the Government set the opening share price of Royal Mail too low because it was worried it would not attract investors. The report, produced by the Business, …