When the U.S. Postal Service absolutely, positively has to increase its revenues, the process it must go through is not exactly overnight delivery. First its eleven-member board of governors makes a proposal, which is then considered by an independent rate-review commission. The commission's findings in turn are subject to renegotiation by the board if the two groups differ. Last week the middle step in that bureaucratic do-si-do occurred. The commission recommended a package of rate hikes that will almost certainly boost the price of a first-class postage stamp from 20¢ to 22¢ early next year. A...
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