USPS To Launch Line of Smart Clothing
SpaceGhost writes "The Washington Post reports that the United States Postal Service has contracted with Wahconah Group, Inc. to produce a line of USPS-branded smart clothing. Per USPS Licensing manager Steven Mills 'This agreement will put the Postal Service on the cutting edge of functional fashion... The main focus will be to produce Rain Heat & Snow apparel and accessories using technology to create 'smart apparel' — also known as wearable electronics.' USPS Spokesman Roy Betts reports that the line will be found in premium department stores and specialty stores starting in 2014. The Washington Post points out that the USPS had done a similar retail line in the 1980s sold exclusively at Post Offices, but the line was discontinued after lobbyists complained of competition with the private sector." I hope it has hidden pockets for lost letters, and a loop for the package smashing mallet.
The package-smashing mallet has been outsourced to India. The USPS union said that it was not in the mail-carrier's contract.
sudo make me a sandwich
My understanding is, a lot of their financial woes are coming from a 2006 Congress mandate that the USPS start pre-paying into their retirement plan to fund future-future retirement. In short, they're asking them to pay more to handle people that won't retire for years now. And that Congress is dipping into that money for something else.
And from what I've heard, if they weren't asked to be paying extra into said fund they'd actually be making a small profit.
Yes:
Release the Postal Service from the draconian Postal Accountability and Enhancement Act of 2006
https://petitions.whitehouse.gov/petition/release-postal-service-draconian-postal-accountability-and-enhancement-act-2006/Gz6MrsBy
Not that this is the first petition to ask to remove the postal office from the requirement of pre-paying 75 years of retiree benefits.
(For the record, I'm not a U.S. citizen and have not created or signed either petition.)
I must say, after reading TFA ... I have no idea of what this is or why I'd want to buy it from the USPS.
I'm more baffled by this tidbit ... In 2006, Congress passed a statute requiring the Postal Service to pre-pay for 75 years worth of retiree benefits within 10 years. No other federal agency is forced to make such an investment.
Why only the Postal Service and no other agency? To make sure Fedex profits stayed high?
That's exactly why. Lobbyists working for businesses that compete with the USPS basically want it forced out of business, or into a crippled state, so that they can ride in as saviours on private business horses to save the day. The problem is that the USPS was actually doing really well and was (and still is) totally self funded (no taxes pay for its upkeep), so they simply manufactured a no-win situation. The bill along will the extremely onerous restriction to fund retirement plans for employees who haven't even been born yet, specifically forbids them from putting up the price of stamps to raise revenue.
The Senate passed it unanimously and it was cosponsored by two left-wing Democrats.
Gamingmuseum.com: Give your 3D accelerator a rest.
Actually they're remarkably efficient. I don't have the link handy, but USPS handles an amazing amount of stuff, and their overall track record is excellent. They have two basic problems, or three depending on how you count. 1) Congress saddled them with a requirement to pre-fund the retirement account for all their workers, which no other company is required to do; 2) mail volumes of all types (and thus, revenues) have been dropping by 10-20% per year; and 3) bulk emailers (catalogs, junk mail - the stuff that really pays the bills) have pulled way back due both to the internet and to the economy. One might also note that in most countries the cost to mail a letter is substantially (often multiple times) more than in the US, and/or is subsidized or run by the government. USPS, like AmTrak, is a bastard concoction created by Congress to look like a business, act like a business, and be required to be profitable like a business, while being saddled with an impossible set of rules. Others than myself have described both as 'designed to fail'.
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