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E-Commerce's Biggest Obstacle May Be Slow Postal Services (thestreet.com)
Long-time Slashdot reader rudy_wayne writes:
J.C. Penney CEO Marvin Ellison recently said that e-commerce companies' biggest challenge is that they are all expanding their businesses and pushing for faster delivery, but UPS, Fedex and especially the United States Postal Service aren't able to keep up, at least not at same cost that exists today, because they're not increasing their delivery capacity at the same rate e-commerce is growing, He said this will cause a supply and demand issue "that's going to be apparent here pretty soon."
The 3-generation pension thing is a myth. They are simply required to fund the benefits that they promise existing workers given standard actuarial tables which estimate lifetime. I would like this rule extended to the entire government, as we are sitting on a liability time bomb. My beef with the treatment of the USPS is I don't think congress phased in the new rules slowly enough for the business to adjust - but no matter what it was going to be traumatic.
W..w..W - Willy Waterloo washes Warren Wiggins who is washing Waldo Woo.
I would like this rule extended to the entire government, as we are sitting on a liability time bomb
I would like this rule extended to private corporations.
I would like this rule extended to the entire government, as we are sitting on a liability time bomb
I would like this rule extended to private corporations.
I agree completely. Unfunded pensions are a ponzi scheme that should have never been allowed. Whether it is Social Security, police officers, a car manufacturer, etc... promising to pay retirement out of future revenue is a disaster waiting to happen. Places like Detroit show what happens when your population shrinks and you no longer have the tax base to support your future obligations. Same with private corporations. They can go out of business, downsize, etc... and if their profit or workforce shrinks, there is no way they can fund those future obligations. At the very least, future obligations need to be on the book as debt owed so that if they go bankrupt, the retirees have equal footing to other creditors. I live in Missouri, and our public school teachers have a fully funded pension. My grandma actually gets raises when they have too much money in their pension fund. If school teachers can do it then other government and private businesses should be able to do it too.
> Unfunded pensions are a ponzi scheme that should have never been allowed. :)
I think there's a middle ground between fully funded and unfunded. Or maybe companies should be forced to buy "pension insurance."
Or maybe it's just something we should have the government do (ie, Social Security).
Social Security is no better. It's also unfunded. It pays out benefits using current revenue. I see no benefits of an unfunded pension. What are the benefits of an unfunded pensions? It's an unlisted IOU (aka liability) for whoever is promising it. It's a way to promise to pay someone more without actually paying them. A fulled funded pension also has the advantage that a person would have the option of taking the extra cash instead of the pension. The only advantage an unfunded pension has is the hope that future revenue is greater than current revenue. This is a horrible assumption that likely only holds true 50% of the time at best.
It's amazing the USPS is as good as it is, all things considered.
Absolutely, everyone like to pick on the USPS but if you were to say to someone who didn't know what the USPS was that one could stick a piece of paper in a envelope and legibly (or not) write an address on it and stick it in a nondescript looking box outside your home with only a little red flag to alert someone of your intentions and have it picked up and delivered anywhere in the U.S. usually within a couple of days and at the most a week to another nondescript box which may (or may not) have said legible address on it for all of $.50 they would call you crazy.
Right. Who first was semi-privatized (and Founding Father Ben Franklin, first Postmaster, is spinning in his grave), and then the GOP doesn't want to fund it well enough that they've been cutting back hours and delivery. Same as Amtrak.
The GOP: Government doesn't work... because we make *SURE* it doesn't.