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The U.S . Postal Service is making big cuts to avoid bankruptcy. The cash-strapped agency announced Monday that it will slow first-class delivery and, for the first time in 40 years, eliminate next day delivery. More: continued here

Fox News Post Office Aims to Save Billions With Reductions in Workforce, Delivery TimeFox NewsThe consolidation of mail processing centers is in addition to the planned closing of about 3700 local post offices. Expressing urgency to reduce costs, Postmaster General Patrick Donahoe said in an interview with The Associated Press …

Post office eliminating overnight deliveryWALB-TVThe Postal Service says eliminating the overnight delivery guarantee will trim $2 billion from operating costs and help avoid bankruptcy next year. (NBC) – Facing a staggering drop in business and potential bankruptcy, the US Postal Service is cutting … More: continued here

Masters of the Post by Duncan Campbell-Smith: reviewTelegraph.co.ukSinclair McKay delights in a first-class history of the Royal Mail, Masters of the Post by Duncan Campbell-Smith. Letters for the rich, letters for the poor: the Royal Mail has been serving the nation for 400 years. Photo: Alamy By Sinclair McKay From …

Post Office Closures: Little Impact on Rohnert ParkPatch.comPost office officials say the 252 mail processing centers slated for closure nationwide — part of a $3 billion savings plan — will avert bankruptcy next year. In total, an estimated 28000 jobs will be cut. By Angela Hart The US Postal Service …

Indore: Admin forced to issue certificates for stamp papersDaily BhaskarIndore: For the first time in the state, the Indore district registrar is compelled to issue certificates in place of stamp papers which are persistently short of supply since October this year. The registrar office earns an average revenue of Rs …

Food stamps: Nearly 1 in 4 Federal Way residents seek assistanceFederal Way MirrorFederal Way made it into the report for food stamp assistance. The city made it into the top 10 of all regional cities for percentage of total population on food stamps, with 21286 Federal Way residents on the …

Post office says no decision yet on local processing centersWEAU-TV 13(WEAU) – A Postal Service representative says no decision has been made on the closure of processing centers in Eau Claire and La Crosse. Monday afternoon, the Associated Press released a story saying five mail processing centers in Wisconsin were …

Rajaratnam's Trades May Run From Stamps to Mackerel PacketsBusinessWeekHe will trade in suits for a uniform, a luxury Manhattan apartment for a cell, and credit cards and cash for postage stamps and packages of mackerel, the black market currency of his new home. The millions of dollars he made on …

By David ZanoniUnited Parcel Service (UPS) and FedEx (FDX) act as Santa’s reindeer during the Christ… More: continued here