Faced with an estimated $7 billion shortfall in 2010, the United States Postal Service is contemplating radical cuts that would eliminate Saturday mail delivery and raise the cost of postage. But to really turn the USPS's problems around, it will either need to be directly funded by the government or it needs the freedom to set its own prices, policies, and hours.
The Shanghai Composite Index added 0.4%, ending the day at 3,237. In Japan, the Nikkei 225 Index fell 1.2%, to 10,855 and in Hong Kong the Hang Seng shed 0.9% to close at 21,460.
Google's Android is proving to be the first true competitor to Apple's iPhone in terms of bandwidth consumption and rich application use. If providers such as MetroPCS or Leap Wireless start offering Android-powered smartphones, it could be a big problem for some big players.
With the unemployment rate at 10 percent and analysts predicting it will barely drop to 9.9 percent by the third quarter of 2010, Ben Bernanke would be committing political suicide if he raised rates now.
No one bothered to tell Apple or its loyal customers that desktops were going the way eight-track tapes and rotary phones. Its computer sales surpassed estimates in October and November, thanks largely to the strength in desktops.
When a highly successful money manager like Hussman crunches the numbers and decides that shares are priced to disappoint -- perhaps for the next decade -- intelligent investors would do well to pay attention.
To reduce government influence, the banking giant is set to pay back nearly half of its $45 billion in TARP funds. The government converted the remaining $25 billion into a 34 percent ownership stake, which it now plans to sell during the next year.