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Govt Will Not 'Walk Away' From Royal MailSky News, UKLord Mandelson has told Sky News he is sorry for any "political pain" over Royal Mail, but says he "can't walk away" from the problem. "It is technically running out of cash," the Business Secretary said. "The reason for that is that …

The British government is expected to introduce controversial legislation this week to sell a stake in Royal Mail, a labor union told Reuters on Monday. More: continued here

In a twist to the United States housing crisis, a family who have been living in a home built inside a cave in suburban St Louis have put it up for sale on eBay. Bidding starts at US$300,000 ($587,000). More: continued here

Curt Sleeper and his family live in a Missouri cave. His mortgage has come due and he’s trying to refinance. Because of the recession, they’ve put the cave on eBay. More: continued here

Prime Minister Gordon Brown’s government faced on Tuesday a major revolt among his supporters and a union threat of a strike over plans to sell a stake in postal services operator Royal Mail. More: continued here

Lord Mandelson has told Sky News he is sorry for any “political pain” over Royal Mail, but says he “can’t walk away” from the problem. More: continued here

State to Replace Food Stamps Lost in TornadoToday’s MGT, GAAnyone who lost food supplies obtained with Georgia food stamps as a result of severe weather on February 19 can get replacement provisions by visiting their local Georgia Department of Human Resources Division of Family and Children Services (DFCS) … More: continued …

Royal Mail must be privatised to save pension, says trustee chairmanEmployee Benefits, UKRoyal Mail pension scheme members have been warned that their retirement savings could be halved if the plan to privatise part of the business does not go ahead. Royal Mail pensions trustees chairman, Jane Newell, has said that if …

The author of a recent Fortune article ponders the weakness of auctioneer giant eBay (EBAY: sentiment, chart, options)…( Read More ) More: continued here

The only real question about the future of the Royal Mail is when, and how, the service will be restructured and partly privatised, not whether. It will happen either over the next year under the Brown Government, or later under a likely Conservative successor. More: continued here