Not! Thanks again for all your hard work. All that nose picking, ass scratching, and group masturbation must be exhausting. But your non-efforts have finally yielded fruit. Rotten, worm-infested fruit. Are you schmucks happy now?
Small businesses, mail order meds users, consumers in general are gonna get swamped by the earliest ripples. Though DM is no longer the bulk of my business, my clients who use direct mail as a core media delivery conduit are gonna feel the pain — and I suppose that's gonna trickle down to me at some point.
From what I can gather, it's primarily first class mail delivery that's being cut. Package delivery and — I assume — Priority and probably Express Mail will not be effected. But those are expensive options if a Saturday delivery is needed. The cheapest Priority Mail fee is $4.80 — more than 10X the price of a first class stamp!
As I understand it, accounting rules that apply to pensions were changed about a decade or so ago. The new rules required that any entity that has a pension plan treat the full liability of all of its pension responsibilities at the same time. In other words, the rule requires that the cost of the pension be treated as if everyone to whom a pension is owed were to retire simultaneously. I think that's nonsense, frankly, and see it as another way to chip away at worker rights. I can't have a defined benefits pension because my college would have to carry the full indebtedness of the pension on its books. We have about 600 employees, so in the debit column, the college would have to make believe that all 600 employees will retire this year, and so show the cost of the pensions for all 600 employees. BS BS BS BS.
But what I don't know about accounting would fill a while encyclopedia.
_________________________ MACTECHubi dolor ibi digitus
#589933 - 02/07/1303:03 AMRe: Way to go, Congress.
Proud MacBabe. Happy everything to everybody.
Loc: B.C. Canada
Being Canadian and never having mail delivered on Saturday, I never understood the need. What could be so important, especially if it is being delivered by "snail mail", that could not wait one more day. Flyers? I don't think so.
Guess if you have it, you don't want to lose it. Speaks volumes to relinquishing anything.
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