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...worst loss in any mail category. Demand for deliveries has been further beaten down by environmentalists, who consider snail mail a waste of paper. Meanwhile, spikes in oil prices in 2008 drove operating costs for the Postal Service's fleet - which is 220,000 vehicles strong - through the roof. (Marking one financial bright spot, those surges have since subsided.) And perhaps most biting of all are the multiple billions of dollars the agency has had to dole out annually to a prepaid retiree health-benefit fund, which was created by the Postal Act of 2006. The overall picture...

Author: /time Magazine | Title: For the Post Office: Snow, Rain and Now Gloom of Recession | 1/7/2009 | See Source »

...figure not seen in the U.S. since 1993—several states have seen their unemployment insurance trust funds shrink to dangerously low levels, with some states already taking out federal loans to pay unemployment benefits. But Massachusetts’ unemployment benefit system remains “strong and solvent” for the foreseeable future, bolstered by over $1 billion in trust fund reserves, according to Robb Smith, director of Policy and Planning for the Mass. Labor and Workforce Development Office. From January through November 2008, the state collected $1.4 billion in employer contributions and paid out $1.3 billion...

Author: By Peter F. Zhu, CRIMSON STAFF WRITER | Title: Mass. Unemployment Fund Still Solvent in Economic Recession | 1/7/2009 | See Source »

...Reflecting on her unusual career path, Banaji says she is reluctant to use her own life as a model for students. But she says she is a strong advocate for women in science careers...

Author: By Weiqi Zhang, CRIMSON STAFF WRITER | Title: A Chance Road to Harvard | 1/7/2009 | See Source »

...Leading Democrats on the Senate Intelligence Committee Jay Rockefeller and Dianne Feinstein have already criticized the choice of Panetta, claiming the CIA needs to be led by an experienced intelligence professional. But right now, political clout and the ability to be a strong advocate for the CIA far outweigh the virtues of being a professional spy and knowing the difference between a "live drop" and a "dead drop." A professional from the ranks would be eaten up by Hillary Clinton at State or Bob Gates at Defense. Or he or she would end up like Bill Clinton's CIA director...

Author: /time Magazine | Title: Leon Panetta: An Intel Outsider the CIA Needs | 1/6/2009 | See Source »

...last month was an impressive array of clerics from dozens of countries and religions, including the main branches of Christianity. Notably, several prominent Catholic Cardinals showed up. Rome has no sway over the Orthodox Church's choice, but it is deeply interested in the new Patriarch. The 1-billion-strong Catholic Church is eager to forge closer ties to the largest branch of Orthodox Christianity after a millennium of prickly (at best) relations following the Great Schism of 1054. Most recently, Alexy had accused Catholics of aggressive proselytizing throughout the former Soviet Union after the fall of Communism...

Author: /time Magazine | Title: Rome Eyes Russian Orthodox Church Vote | 1/6/2009 | See Source »

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