Friday, May 05, 2006

Forever stamp

The USPS Governors have approved filing an omnibus rate case with the Postal Rate Commission to adjust rates in spring 2007 to cover increasing operational costs.

The proposal calls for a 3-cent increase in the price of a First-Class stamp and a new “forever stamp” that would be good for any future 1-ounce single-piece First-Class Mail letter, no matter how prices may change beyond 2007.

USA Today reports more than two dozen countries have used this type of stamp.

The forever stamp would let people hedge against future rate increases. But its price would rise along with that of the first-class stamp. So people who wait for a subsequent price increase to buy the forever stamp would have to pay a higher rate for it.

To read the entire article, click here.
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posted by Don Schilling at 12:01 AM