Homer was a flop at the post office. While Homer himself was popular (he outsold Elvis), the stamps didn’t move, costing the USPS $1.2 million. Which, as the article notes, pales in comparison to a $5 to $15 billion projected loss.
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Michael Panzner at Financial Armageddon always reports negative news on this blog. He is the Joe Btfsplk of the blogosphere. But he is mostly right which is why I like his stuff. Several days ago he published this piece entitled, “Still Running” which is a tally of what the various federal bailouts have cost us.
Cato just published this story about the postal workers union losing their ballots in the mail. This is very high on the irony meter. Or, as Cato said:
If you believe in a higher power, then I’ve got evidence for you that God has a sense of humor. Last week, the American Postal Workers Union, [...]