The observations made by Postal Board of Governors Chairman Alan Kessler in Congressional testimony last year put the Postal Service’s economic situation in apt perspective. “First-Class Mail, particularly single piece First-Class Mail, is no longer growing steadily,” he said. “Standard Mail, which contributes significantly less than First-Class Mail to...

Remember the old Saturday Night Live skit about the First CitiWide “change bank” that does nothing but make change? Our customers ask us how we make a profit, quips the bank’s spokesman. “The answer is simple -- volume.” As laughable as this dubious business plan sounds, it bears many similarities to...