Postal Service Announcement Boosts FedEx, UPS Stocks
In this week that saw the U.S. Postmaster declare that Saturday delivery will end in August, critics like Ralph Nader and Bernie Sanders predicted that it would help the competitors of the Postal Service.
Well their prediction has already come true.
This week, FedEx’s stock price went up 4 percent and UPS’s went up 3 percent, while the Dow was down 0.1 percent.
I think not.
The privatizers are getting their way.
If you liked this story by Matthew Rothschild, the editor of The Progressive magazine, check out his story "The Dangers of Obama’s Cyber War Power Grab."
Follow Matthew Rothschild @mattrothschild on Twitter
- Give a Gift
- About Us
- Civil Liberties
CURRENT ISSUE: December 2013 / January 2014
Rick Bass | Why I’m left with no choice but to put my body on the line.
When Government Was Neighborly
Wendell Berry | Saluting a New Deal program that helped Kentucky farmers.
The Bravest Woman I Know
Kathy Kelly | How an eighty-two-year-old librarian braved Baghdad.
How to Build a New World
Naomi Klein | Why I was wrong in The Shock Doctrine—and what we must do now.