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NEWS
December 2, 1986 | Associated Press
A combination of cost-cutting and a good interest rate on the investment of excess cash brought the U.S. Postal Service a $304.6-million profit for the fiscal year that ended Sept. 30, Postmaster General Preston R. Tisch reported today. The 1986 budget projected a break-even year, and Tisch characterized the surplus as "close to our break-even mandate." The Postal Service had lost $251 million a year earlier. Next year's budget has been calculated without a rate increase.
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NEWS
March 20, 1986
A vacant furniture warehouse at Colorado Avenue and 11th Street in Santa Monica has been renovated and redesigned as a U.S. Postal Service mail-sorting facility. The $1.3-million project was designed by Matlin & Dvoretzky architects of Santa Monica. Beverly Hills developer Larry Field of the Richlar Partnership is leasing the 15,500-square-foot facility to the Postal Service. An existing facility across the street will remain in use.
OPINION
August 7, 2012
Few members of Congress want to take away your Saturday mail delivery or close your underused local post office - or at least, not shortly before election day, when such actions might come back to haunt them. That explains a lot about why Congress has cravenly failed to take the necessary action to put the U.S. Postal Service on a path to solvency, instead forcing it to default last week on a required $5.5-billion payment toward the health benefits of future retirees. The irony is that one of the best and boldest routes Congress could take is also the one that largely absolves it of responsibility: It should let the post office solve more of its own problems.
BUSINESS
February 6, 2013 | By W.J. Hennigan
The U.S. Postal Service's announcement that it plans to stop delivering most mail on Saturdays is likely to have an effect on the business world. The Postal Service said it made the announcement Wednesday -- about six months in advance of implementing a five-day mail delivery schedule on Aug. 5 -- to give residential and business customers time to plan and adjust. Hallmark Card Inc., the Kansas City-based greeting card company, said it anticipated problems with the decision.  "Hallmark continues to believe a reduction in service will not induce customer loyalty and will negatively impact small towns and small businesses that depend on timely, affordable, reliable mail delivery," the company said . "This move should only be considered once all other cost-saving options are fully explored and acted upon.
ENTERTAINMENT
April 14, 2013 | By Jessica Gelt
Many years ago -- it seems like a lifetime -- I used to hang around in a house in the Silver Lake hills lived in by Postal Service producer Jimmy Tamborello. He had a number of roommates, including a friend of mine named Pedro Benito, who once played in a band called Sunday's Best, and later in the Jealous Sound. The house had a great view of the reservoir and was the type of place that facilitated the comings and goings of a lot of creative types and many, many musicians. Tamborello was kind and quiet and spent most of his time in his bedroom crafting beats and instrumental tracks.
OPINION
December 7, 2011
The U.S. Postal Service could hardly have come up with a worse solution to its financial problems than its proposal to slow first-class delivery to the point of irrelevance. Instead of delivering mail in a day or so, it would take two to three — at least. In other words, unless people who still pay bills by mail sent off their checks a week in advance, they wouldn't be guaranteed delivery by the due date. The new delivery times could prove lethal to the DVD-by-mail portion of Netflix operations, though that company has been managing to damage its business on its own. If more than a week is needed to receive a DVD and get it back to the video-rental company (this doesn't count viewing time)
NATIONAL
October 1, 2010 | By Jordan Steffen, Tribune Washington Bureau
The panel that regulates the U.S. Postal Service denied a proposal to increase postage rates Thursday, blaming the agency's business model for its recent financial hardships. The Postal Regulatory Commission said in a news conference that the Postal Service had failed to justify the requested 5.6% increase. In July, the Postal Service proposed increasing the price of first-class postage from 44 cents to 46 cents in an attempt to compensate for decreasing revenue and declining mail volume.
CALIFORNIA | LOCAL
July 11, 1988
You carried a column by Daniel S. Greenberg in which he charges that the U.S. Postal Service is "medieval," failing to modernize by neglecting research and development (Op-Ed Page, June 22). When he wrote a similar article in 1980 with some identical language, his allegations were, in large part, true. But where has "Rip Van" Greenberg been in the intervening eight years? The Postal Service is in the midst of a massive transition from mechanization to automation for the processing of the ever-increasing volume of mail and possesses the most advanced postal technology in the world today.
ENTERTAINMENT
April 14, 2013 | By August Brown
When did you first hear the Postal Service? If that question has any particular resonance for you, then the answer is likely "10 years ago, in high school or college, on a CD-R mix comp from somebody I was awkwardly pursuing romantically. " And that, Coachellans, is the short version of why a band with one album that rarely toured upon its release 10 years ago can play one of the biggest slots at one of America's preeminent music fests. The electro-pop duo of Ben Gibbard and Jimmy Tamborello got under your skin at a sensitive age, and stayed there.
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