Postal News Roundup
Walmart Wants to Offer Banking for America's Poor, Which is a Really Crappy Idea - Alternet
The FDIC estimates there are 10 million people living in the U.S. who do not have a bank account — that’s one out of every 13 households. Nearly 33 percent of people living in Starr County, TX can’t write a check. In one census district in Savannah, GA, over 42 percent of residents are unbanked. The unbanked are usually poor, often minorities, and find themselves shunned by banks that can’t make money off them. Typically, they end up turning to predatory check cashers and payday lenders… There is a quite reasonable way to address the issue of the unbanked, namely, public banking. As Elizabeth Warren has noted, bringing back public post office banks is a particularly good strategy, since the physical and operational structure already exists, and low-income people are comfortable with post offices, which they can usually access easily. But of course, that idea does not fill the coffers of a giant corporation. Enter Walmart.
Editorial: Postal Service Needs Real Reform - The Missoulian
A successful postal reform bill would retain the delivery schedule and services that Americans rely on – especially the 60 million Americans who live in rural places where the U.S. Postal Service is the only reliable way to obtain prescriptions, medical supplies and other vital shipments. And U.S. Sen. Jon Tester, D-Mont., is just the person to introduce such a bill, having helped Montana retain its post offices after the Postal Service proposed closing down several in the state just a couple of years ago… No bill has been introduced just yet, but the NNA reports that Republican U.S. Sen. Roy Blunt of Missouri has agreed to sign on as a co-sponsor with Tester. Newspapers like the Missoulian have a special interest in postal reform, of course. The increased prices for mailed subscriptions don’t make our readers happy, and curtailments in mail delivery service erode the ability of newspapers to reach our customers. Just two years ago, the Postal Service was set to close hundreds of post offices and mail processing centers, including some in Montana – and Missoula. Now, the USPS is moving ahead with plans to close another 80 facilities.