The U.S. Postal Service lost some $16 billion last year and continues to bleed red ink. Congress has been unable to agree on a rescue plan.
The latest proposal would allow the post office to end Saturday delivery in a year and enable it to ship wine and beer.
The Postal Service's woes are familiar: People don't really send letters anymore, so first-class mail is down, and Congress makes the post office prepay future retiree benefits to the tune of $5.5 billion a year.
To big changes now in the classroom. Most states have adopted new math and literacy guidelines for students from kindergarten through 12th grade. They're called the Common Core standards, and they rewrite the rules of what students should know grade by grade. When it comes to math, not only are the standards changing, some of the work kids will be doing and bringing home will actually look different.
Originally published on Thu August 8, 2013 6:56 pm
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Since Friday, CBS has been off the air for millions of Time Warner Cable customers. The two sides are fighting over how much Time Warner pays to carry CBS. Then a remarkable thing happened. Time Warner offered to unbundle the TV network, meaning only customers who want it would pay for it. That's close to blasphemy in the cable business and CBS quickly shot down the idea.