On Jun 13, 2014, at 5:02 PM, Joe Abley <[email protected]> wrote:

> On 13 Jun 2014, at 7:55, Miles Fidelman <[email protected]> wrote:
> 
>> Just a quick reminder here:  Postal mail is still going strong, after 100s 
>> of years.
> 
> I don't know what it's like where you live, but here the only thing that is 
> keeping the post office afloat is being paid by advertisers to deliver 
> unsolicited junk.
> 
> "Canada Post has hiked postal rates for regular mail and plans to cut up to 
> 8,000 jobs as it phases out urban mail delivery over the next five years -- 
> all in a bid to reverse the tide of red ink at the money-losing Crown 
> corporation."
> 
> "The Crown Corporation predicted this year that Canada Post and its 
> subsidiaries would lose $274 million before tax in 2014."
> 
> "Still going strong" is not a phrase that resonates with me.
> 
> Joe

Canada Post lost $274 million EBITA?  Let us Yanks show you how it's done:

http://about.usps.com/news/national-releases/2014/pr14_031.htm

        WASHINGTON — The U.S. Postal Service ended the second quarter of its 
2014 fiscal year (Jan. 1, 2014 – March 31, 2014) with a net loss of $1.9 
billion. This marks the 20th of the last 22 quarters it has sustained a loss.

        • First-Class Mail Volume Declines by 4.1 percent
        • Approximately $64 Billion in Liabilities Exceed Assets by $42 Billion

/end tongue in cheek

Matt
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