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Post office nears historic default on $5B paymentUSA TODAYWASHINGTON (AP) – The U.S. Postal Service is bracing for a first-ever default on billions in payments due to the Treasury, adding to widening uncertainty about the mail agency's solvency as first-class letters plummet and Congress deadlocks on ways to … More: …

The unemployment insurance and food-stamp programs have become increasingly alike but for one important aspect, whether multiple household incomes are taken into account, an economist writes. More: continued here

TOWN OF NEWBURGH — Bonnie Carpenter kept fighting back the tears Tuesday, but sometimes it was a losing battle. More: continued here

eBay buyers bewareGeelong AdvertiserThe Victorian Civil and Administrative Tribunal (VCAT) recently ruled that a Geelong man who sold a boat on auction website eBay did not owe the buyer compensation after the engine broke within minutes. The buyer told the tribunal a quote for the … More: continued here

Is your business at the mercy of the stamp?Bizcommunity.com"The result is a low paperless adoption percentage – lingering around 15% for online portals. This certainly won't solve your mail budget deficit, so the Royal Mail increases have to be passed on to your customers which means you may ultimately lose …

Nearly 1 in 5 New Jersey households that received emergency food stamps after Tropical Storm Irene crashed into the state last year were ineligible for the benefits, a review found, the result o… More: continued here

Post office closure lamentedTimes Herald-RecordNow the nearest post offices for town residents are on Liberty Street and Broadway in the City of Newburgh or on Enterprise Drive at Stewart International Airport. Though the U.S. Postal Service notes the Stewart office is in the town, critics say it's …Town of Newburgh …

Postal Service default looming, Congress expected to do nothingWashington Post (blog)5, 2011, at a post office in Seattle. (Elaine Thompson – AP) The U.S. Postal Service is on the verge of defaulting on billions of dollars in payments due to the U.S. Treasury, but Congress isn't any closer to resolving …

Post office will miss $5.5 billion pension paymentHouston ChronicleBC-POSTAL-MISSED-PAYMENT. Postal Service to Miss $5.5 Billion Payment to U.S. Treasury. c.2012 Bloomberg News. By Bernard Kohn. July 31 (Bloomberg) – The U.S. Postal Service affirmed it won't make a required $5.5 billion payment due tomorrow to … More: continued here

Why Mobile Works for EbayBusiness InsiderOne of the strongest factors credited for Ebay's return to form is continued strong growth in mobile commerce. Fred Wilson talked a bit about this in his most recent post and there was a nice article in the NYT about it as well. Beneath this …