Last month, the United States Postal Service proposed plans to raise the price of a first class stamp from forty-six to forty-nine cents. The change should generate about $2 billion in additional revenue for an institution desperate to stem a projected $6 billion dollar deficit this year.
Meanwhile, the Forever Stamp, introduced in 2006 and impervious to changing price rates, may present an unexpected opportunity for a bold profit. Allison Schraeger is an economist and writer whose work is featured regularly in Quartz, where she and Ritchie King co-wrote a step-by-step guide to making big money from tiny stamps.
Neither snow, nor rain, nor heat, nor gloom of night stays these couriers from the swift completion of their appointed rounds. However, a host of other factors have led the United States Postal Service to financial decline, job losses, and in August, the stoppage of Saturday delivery. Freelance writer David Dayen says he has an idea that could save the country’s second largest employer: in a piece for Pacific Standard Magazine, Dayen suggests the post office get back in the business of banking.
As of this week, residents of Sugar Hill have a very narrow window to pick up stamps and drop off mail. The town’s post office, which had been open three hours a day, is now open for one half hour a day, 10:15 to 10:45 am. After that, residents will have to drive to nearby towns like Lisbon or Franconia.
Facing a financial crisis, the United States Postal Service announced that 223 processing facilities have been "found feasible for consolidation, all or in part." Of the 264 processing facilities studied, only 35 are set to remain open.