Free Republic

The financially troubled Postal Service is suspending its employer contribution to the Federal Employee Retirement System. The agency said Wednesday it is acting to conserve cash as it continues to lose money. It was $8 billion in the red last year because of the combined effects of the recession and the switch of much mail business to the Internet. It faces the possibility of running short of money by the end of this fiscal year in September. "This move underscores the need for Congress to make bold, quick and substantive reforms to the Postal Service. The USPS is hanging by...

Around $66 billion in the hole I don’t think there is anyone who looks at the issue of entitlements in the US who is not gravely concerned about the direction we are on. Economists of all stripes, damn near everyone in D.C. and a long list of academics have all highlighted the problems. But the same groups that are raising red flags are misleading us on when and how this problem will affect us. They say/think it is a tomorrow problem. Actually it is hitting us today. I want to focus on the Federal Employees Retirement System (“FERS”). This is...

Two held over US fears of radical cell in forces By David Rennie in Washington (Filed: 24/09/2003) The United States military is urgently investigating a potential radical Muslim cell among its own servicemen at the Guantanamo Bay prison as it emerged yesterday that two more members of the garrison are in custody. Senior Airman Ahmad I al-Halabi, an Arabic language translator, was secretly arrested a month ago, Pentagon officials said last night. He is being held at an air base in California and is charged with more than 30 counts of espionage, aiding the enemy, disobeying a lawful order and...