Tuesday, May 21, 2013

Tale of two mails

In the United States the Postal Service's business of moving pieces of paper (and small parcels) is, even though a legally protected monopoly, a losing proposition; The U.S. Postal System lost $1.9 billion in the second quarter of its fiscal year, which ended on March 31. 

But its Brit cousins are so successful at the same thing they're going public;
Royal Mail unveiled a big jump in profits to £440 million as it took another step towards a possible stock market flotation later this year.
....The performance is expected to encourage the Government to cash in on the turnaround by pressing ahead with a privatisation this year, despite opposition from unions representing postal workers and managers.
Business Secretary Vince Cable insisted there was ''no alternative'' to privatising the Royal Mail and said the organisation still faces a ''fundamental threat'' from email that meant it must be reformed in order to survive.
Why didn't we think of that.

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