Oregon Tax News

Could a Bailout Save the Postal Industry?
By Oregon Tax News,

A 2010 GAO report detailed that the U.S. Postal Service is on the brink of an economic meltdown. There have been serious calls to save costs by ending Saturday service and to close nearly 2,000 office. Oregon has over 40 post offices on the national target list.

The U.S. Postmaster General told federal lawmakers that the U.S. Postal Service is about to default on billions of dollars in workers’ compensation and retiree health payments and needs Congress’ help to make payroll. The U.S. Postal Office payroll obligations is above industry standard

Percent of budget to employee benefits
USPS, 80%
UPS, 61%
FedEx, 43%
- Source: Bloomberg Businessweek Read more…

By Oregon Tax News

Oregon Tax News recently analyzed the information behind three different worst city ratings which included;”America’s Shrinking Cities List” (by MSNBC), “America’s Most Miserable City List” (Forbes) and “Worst Job Seeker City List” (US & World Report). The four most common factors of being among America’s worst cities were unemployment, high crime, low education levels and a city’s exposure to the housing crisis fall-out. A more narrower data point not highlighted in this article were worst cities that were impacted by disasters like Hurricane Katrina. Read more…