Postal Service As a Monopoly Essays - United States Postal Service

Postal Service As a Monopoly Essays - United States Postal Service Postal Service As a Monopoly In the United States economy most markets can be classified into four different markets structures. But, each and every market in the United States is completely unique from the others. Generally the best type of market structure for the general public is per-fect competition because it creates the lowest possible price for the public. There are some exceptions were perfect competition isnt the best choice for the public on account of various reasons. The United States Postal Service is one of them and since the Postal Service is a monopoly, it is its own market. This paper will discuss the budget dilemmas that the postal service has faced for the past twenty years and if it is in the best interest of the economy for the United States Postal Service to continue as a monopoly. The first time there was talk of privatizing the Postal Service was in1979 when the Postal Service was losing vast amounts of money in the long run. But since the Postal Service is a necessity for America, the government had to subsidize the service in order for it to continue in operation. In 1979 the United States Postal Service had a cash flow of $22.5 Billion and was additionally receiving $176 million from investing(#1, Intro). Even with this added revenue the Postal Service was still greatly under funded on its own (#1, Intro). During this time it was discussed to privatize the postal service and introduce competition because of the extreme losses that the service was experiencing. A positive argument for privatizing the Postal Service was with numerous competitors in the market there would be more efficiency and the public would receive lower prices. But this would also increase the usage of resources, for example airplanes and cars. One of the problems the Post Office had was its receipts from consumer purchases that were submitted the next day after the transaction (#1, i). If the receipts were submitted earlier the postal service would receive more money because they could invest that money sooner (#1, i). Another way the Postal Service could increased profits was by competitively selecting banks that would give them higher interest rates and such (#1, ii). Probably the most relevant and final way to improve the budget of the Postal Service is to improve the bookkeeping poli-cies and banking techniques (#1, ii). Not only did the Post Service propose to increase profits but they also proposed to cut costs in a number of ways. There were three methods that were proposed in 1946 for the protection of salaries that no longer exists (#2, Intro). These have to do with the rural mail carriers. Under this antiquated method of delivering mail the Postal Service was los-ing money to any mail that went to "rural" areas (#2, i) There are 48,000 mail carriers that deliver mail to millions of families that are considered to be living in rural settings; this costs the postal Service 858 million dollars a year (#2, i). This is a fairly easy problem to fix considering how much money is being lost. It was proposed that money loss could be significantly cut down if the Postal Service corrected the following problems. The rural mail carriers were assigned a certain amount of time to deliver to a specific rural area, this method was out of date and because of this the carriers have free time for which they got paid for (#2, ii). The next problem was that other mail routes based pay on how many miles the route covered, so the carriers were getting paid by the mile (#2, iii). With this problem fixed the Postal Service could saved 26.8 million a year (#2, iii). There was also an hourly rate that was in effect which indirectly promoted inefficient service (#2, iii). A stop to this could have saved the Postal Service $255,000 a year (#2, iii). From the num-bers mentioned above, it can be seen why the United States Postal Service was losing so much money. These problems did indeed eventually did get solved over the past fifteen years and now the Postal Service is making record breaking profits. Now in the first quarter of the fiscal year 1996 the Postal Service already has a net income of $1.2 billion (#3, 1). Now not only is the Postal Service just breaking even, but they are also making a profit. On top of that, the 1.2 billion dollar figure is 115 billion dollars better then the quarterly forecast predicted (#3,1). It is incredible that

The Story of the Greek Titan Atlas

The Story of the Greek Titan Atlas The expression to carry the weight of the world on ones shoulders comes from the Greek myth of Atlas, who was one of the second generation of the Titans, the oldest gods of Greek mythology. However, Atlas did not actually carry the weight of the world; instead, he carried the celestial sphere (the sky). The Earth and celestial sphere are both spherical in shape, which may account for the confusion. Atlas in Greek Mythology Atlas was one of four sons of the Titan Iapoetos and the Okeanid Klymene: his brothers were Prometheus, Epimetheus, and Menoitios. The earliest of the traditions say simply that it was Atlass responsibility to hold up the sky. Later reports say that as one of the Titans, Atlas and his brother Menoitios took part in the Titanomachy, a war between the Titans and their offspring the Olympians. Fighting against the Titans were Olympians Zeus, Prometheus, and Hades. When the Olympians won the war, they punished their enemies. Menoitios was sent to Tartarus in the underworld. Atlas, however, was condemned to stand at the western edge of the Earth and hold the sky on his shoulders. Holding Up the Sky Different sources vary in their descriptions of how Atlas held up the sky. In Hesiods Theogony, Atlas stands at the western edge of the earth near the Hesperides, supporting the sky on his head and hands. The Odyssey describes Atlas standing in the sea holding the pillars that keep the earth and sky apart- in this version, he is the father of Calypso. Herodotus was the first to suggest that the sky rested atop Mount Atlas in the western part of northern Africa, and later traditions still report that Atlas was a man who metamorphosed into the mountain. The Story of Atlas and Hercules Perhaps the most famous myth involving Atlas is his role in one of the celebrated twelve labors of Hercules, and the main version is found in Apollodorus of Athenss Library. In this legend, Hercules was required by Eurystheus to fetch the golden apples from the fabled gardens of the Hesperides, which were sacred to  Hera  and guarded by the fearsome hundred-headed dragon Ladon. Following the advice of Prometheus, Hercules asked Atlas (in some versions the father of the Hesperides) to get him the apples while he, with the help of  Athena, took the sky onto his own shoulders for a while, giving the Titan a welcome respite. Perhaps understandably, when returning with the golden apples, Atlas was reluctant to resume the burden of carrying the sky. However, the wily Hercules tricked the god into swapping places temporarily while the hero got himself some cushions to more easily bear the tremendous weight. Of course, as soon as Atlas was back holding the heavens, Hercules with his golden booty, hot-footed back to  Mycenae. Sources Hard, Robin. The Routledge Handbook of Greek Mythology. London: Routledge, 2003. Print.Smith, William, and G.E. Marindon, eds. Dictionary of Greek and Roman Biography and Mythology. London: John Murray, 1904. Print.