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February 6, 2013 | By Michael Muskal
The U.S. Postal Service, struggling under a financial load and facing tough competition, will stop delivering mail on Saturdays beginning this summer, officials announced. The announcement, which had been expected, is seen as an attempt to force Congress to deal with the Postal Service's increasing financial woes. Congress has tried to reorganize the agency, but efforts have been derailed because of politics. Material prepared for a Wednesday news conference by Postmaster General Patrick R. Donahoe says that Postal Service market research and other research has indicated that nearly 7 in 10 Americans support the switch to five-day delivery as a way for the agency to reduce costs.
October 22, 2012
Monday is the last day to register to vote in the Nov. 6 election. Citizens 18 or older who are not registered or who have moved can pick up applications at many places, including post offices, public libraries, Department of Motor Vehicle offices and county election headquarters. For the first time this year, signing up to vote may be done online at . Mail ballots may be requested through Oct. 30.
October 11, 2012 | By Martha Groves, Los Angeles Times
Movie producer Joel Silver brought his Hollywood panache to Venice on Wednesday, unveiling plans for revamping the former Venice Post Office as the new headquarters of his Silver Pictures. With Tom Hanks putting in a cameo appearance, Silver and his design and construction team spoke to dozens of invited guests amid the exposed concrete and wires of the 1939 Works Progress Administration building that the producer of "The Matrix" and "Lethal Weapon" franchises recently bought from the downsizing U.S. Postal Service.
October 1, 2012 | By Anh Do, Los Angeles Times
If there's a place in this immigrant hub where all lives intersect, it's the Little Saigon post office. The regulars, grandmothers and mothers who write letters to loved ones week after week greet one another as if at a reunion. The folks who don't earn enough to even have bank accounts wait next to patrons carrying $2,000 purses. Elders are allowed to go to the head of the line out of respect for their age. And single guys check P.O. boxes as regularly as soccer scores, because they don't get mail at their boardinghouses.
September 7, 2012 | By Martha Groves, Los Angeles Times
Joel Silver, producer of movie franchises "The Matrix," "Lethal Weapon" and "Sherlock Holmes," has bought the former U.S. post office in Venice and plans to refashion it as the new home of his Silver Pictures. The red-tile-roofed 1939 Works Progress Administration building on Windward Circle has been a beloved fixture in Venice. The interior features a mural painted by Edward Biberman in 1941 with the coastal community's visionary developer Abbot Kinney at its center, surrounded by beachgoers in old-fashioned bathing suits, men in overalls and once-ubiquitous oil derricks.
August 8, 2012 | By Alasdair Roberts
The U.S. Postal Serviceis in trouble, and there's no telling whether it will survive. It's been battered by the Internet and a dragging economy, besieged by commercial competitors and stymied in its efforts to trim a costly web of post offices and delivery routes. On Aug. 1, it defaulted on a $5.5-billion payment to the U.S. Treasury for future retiree health benefits. Some think that it's time to privatize the service, bringing an end to one of our oldest federal institutions. The outlook is grim, though the crisis is not unprecedented.
August 7, 2012 | Michael Hiltzik
While thumbing through the household mail one recent day - a bill from the vet, a statement from the bank, 47 come-ons for low-interest credit cards and a birthday card from Grandma - I pondered the following riddle: Why is it that the same conservatives who harped on how an obscure provision of the U.S. Constitution should have invalidated the healthcare reform act never talk about the provision that gives the federal government responsibility for...
May 10, 2012 | By David Lazarus
It's fair to say that any business losing almost $1 billion a month needs to rethink it's game plan. And that's what the U.S. Postal Service says it's doing. The Postal Service lost $3.2 billion in the quarter ended March 31, a hefty increase from $2.2 billion in red ink a year earlier. The cause is obvious: Mail volume is plunging as electronic communications become the norm. A record loss of more than $14 billion is forecast for the entire fiscal year. That's a huge chunk of change for a federal agency that receives no tax money.
May 9, 2012 | By Ian Duncan, Washington Bureau
WASHINGTON - TheU.S. Postal Servicebacked off from a proposal to close thousands of rural post offices, opting instead to cut opening hours in a bid to stem devastating financial losses. The postal service estimates that the new plan will save $500 million a year once it is fully implemented in 2014. The previous proposal would have closed more than 3,000 rural post offices to save $200 million a year. Under the plan outlined Wednesday, 13,167 post offices will open for two to six hours a day. A spokeswoman for the postal service said that no community would be required to close its post office, although they could chose to do so and opt instead for home delivery.
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