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.
Coincidence?
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
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CURRENT ISSUE: June 2013
Spying on Occupy Activists
How local law enforcement and Homeland Security help Wall Street.
The Commerce of Violence
Wendell Berry | The cheapening of life is surely the dominant theme of our time, from Guantánamo to the Boston Marathon.
Jason Collins, Meet Brittney Griner
Dave Zirin says Jason Collins and Brittney Griner can teach the guys in the huddle a lot.
Preserving Our Home on Earth
We’ve released our second eBook from a new “Hidden History“
e-book series: monthly installments of riveting selections from our archives.
Preserving Our Home on Earth: 100 Years of Environmental Writing from the Archives of The Progressive Magazine. is now available from Amazon and Barnes&Noble.
"Since we only have one planet to call our own, it might be worth reading this book." —Bill McKibben
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