Daily Archives: November 15, 2010

USPS Drowing in Red Ink: Money Losses at $8.3 Billion

The US Post Office continues to flow down the river of red ink. The post office looses $8.3 billion  for fiscal year of 2010. That’s up sharply from Fiscal year 2009 which ended in a$3.6 billion loss. From CNN  Money:

The U.S. Postal Service more than doubled its losses in fiscal year 2010, despite cutting billions of dollars in expenses and trimming its staff.

The Postal Service said its net loss totaled $8.5 billion in the fiscal year that ended Sept. 30. That compares to a loss of $3.8 billion the prior year.

The government blames the troubles in the economy and growth of E-mail, instant messaging and text messaging:

The Postal Service blamed the deeper losses on the recession and on the continuing growth of e-mail. A change in the interest rates affecting the Postal Service’s workers’ compensation liability also played a role, the organization said.

The funny thing is the USPS made $9 billion in cuts:

Chief Financial Officer Joe Corbett said the losses were worsening despite cuts that generated cost savings of $9 billion over the past two years. Those savings came primarily from the elimination of 105,000 full-time positions — “more than any other organization, anywhere,” Corbett said.

Read everything.

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South Florida Hit with Dengue Fever First Time in 50 Years

Yikes! For the first time in half a century the US and South Florida in particular has been hit with Dengue Fever. From the Palm Beach Post:

The first locally acquired case of dengue fever in Miami-Dade County in more than 50 years was confirmed Thursday by health officials. They warned people to take precautions against the mosquitoes that carry it.

“This is a big deal,” said Lillian Rivera, administrator of the Miami-Dade Health Department.

“We have not had a locally acquired case of dengue fever since the 1950s,” said Dr. Fermin Leguen, the department’s chief epidemiologist.

The victim, described only as a man who had not traveled outside Miami-Dade County for more than two weeks, was briefly hospitalized but has fully recovered, Rivera said. His case was confirmed by laboratory tests.

Health officials said they don’t know where the man acquired the disease. It was a different strain from the one that has caused 57 locally acquired cases in Key West and one in Broward County.

Read it.