[TexasRedeye]

...blamed the loss on ... increased competition.

A price increase coupled with a competition increase and no real cost decrease usually results in the death of a business.

As long a the Feds are involved (and the resultant number of employees who pay Federal Union dues), this dinosaur will continue to live.

The 37 cents will rapidly come to represent the number of days a letter takes to get to its destination.

[rwt60]

What I want to see is for the Postal Service to raise postage rates to $1.00. That way, we can simply paste dollar bills on the envelopes and that avoids having to print stamps.

[Armando Guerra]

A price increase coupled with a competition increase and no real cost decrease usually results in the death of a business.

Exactly my thoughts. Only to idiots who have spent too much time working for the government do you respond to increased competition by raising your prices. That makes as much sense as saying the economic growth of the 90's was because of the largest tax increase in the history of the world. (By the way, I am still waiting for my promised Clinton middle class tax cut. You think its time I give up on that one?)

[nolu chan]

The 37 cents will rapidly come to represent the number of days a letter takes to get to its destination.

Your are correct! You see, the charge for handling your mail remains constant. It never changes. It always costs a penny a day. It used to cost 3 cents and take 3 days.