Feb. 7 (Bloomberg) -- The announcement yesterday that the
U.S. Postal Service will cease Saturday delivery starting in
August highlights the core paradox of the system: that it should
both serve a universal civic function and generate enough
revenue to sustain its enormously expensive operation.
Since 1971, the postal service has been run as a business-like independent government agency. As e-mail and other forms of
digital communication have proliferated and health-care costs
have soared, the system’s finances have deteriorated.