Amid red ink, a big whammo that will hurt everyone
Neither rain nor snow nor complaints about slow delivery nor public worry about inflation can keep the Postal Service from completing its next appointed round of rate increases. By the end of May, the service will raise mailing costs enough to push some businesses into lifting their prices more and sooner than they otherwise would have done. For all classes of mail, the rise voted last week by the Postal Rate Commission averages 25.5%. First-class postage goes from 13¢ to 15¢ (vs. 6¢ as recently as 1971). The cost of second-class mail...
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