Fate Of Post Office Debated
The debate over the fate of the Postal System continues. The Senate passed legislation which would fund the agency so that it will not have to make substantial personnel, office location, or service cuts. Republicans in the House intend to…
The Postal Service Board of Governors also rejected the Senate plan. If the House can prevail, the odds are that a slew of costs will be cut. This will eventually involve closing hundreds of offices, laying off tens of thousands of workers, eliminating Saturday delivery, and possibly challenging the size of the pensions of current and future postal employees.
The Postmaster General has fought for the cuts. Despite the Senate’s action, other political and bureaucratic forces make it probable he will get his way. In the process, a large number of people will be put out of work, which means the federal government will not escape all of the costs of postal service cuts
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Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.
McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.
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A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.
TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.
McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.
