The U.S. Postal Service expects to lose $7 billion this year. That makes the USPS dependent on Congress, which is never a healthy dependency. Email and digital technology are forcing first class mail into the dead letter bin of history, slicing deeply into a key revenue source for the Postal Service.
It’s more painful than the worst paper cut.
So it’s no surprise that the federal agency continues to raise rates, though even at last month’s increase to 73 cents, a stamp is still pretty affordable — it’s lower than most developed countries. You can’t even buy half a candy bar or half a bag of ch...
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