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FDX: Wish I Could Short the Post Office

Over the weekend news came out that the U.S. Postal Service is in trouble. It needs to lay off 220,000 workers by 2015 but are prohibited from doing so by union contracts. It is required to pay billions into a retirement fund and does not have the cash to do so. In addition, the USPS is pressuring its outside contractors to reduce costs and is seeking Congressional approval to do these things …

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