[kictanet] US Posta Approaching Bankruptcy

[Wamuyu Gatheru]

Another one nearly bites the dust -  
http://www.nytimes.com/2011/09/05/business/in-internet-age-postal-service-struggles-to-stay-solvent-and-relevant.html?pagewanted=1&_r=1

Its inability to turn around includes unionised employees with  
expensive health care, laws that do not allow them to trade in some  
areas like selling cellphones and insurance. They are considering  
distributing wine and beer (!), advertising on their premises and  
vehicles and doing last-mile deliveries for UPS/Fedex.

One politician argues that a great institution that survived the entry  
of the telegraph and the telephone should survive the digital era as  
well.

Wamuyu