postal to the customers you're going to lose five point five billion dollars a year because the post office is nonprofit organization since one nine hundred seventy. the postal service rates rates have gone up far less than an inflation if you look back when post newspapers were nickel post it was a nickel when newspapers were twenty five cents the postage was twenty five cents today as forty five cents were newspapers a dollar to have a zero to read so so we've stayed well below inflation and in the employees wages and benefits stayed right with inflation that's almost ideal in any situation but somehow they said this is not working you guys are have eighty five percent public approval we have twelve percent so we're going to destroy you and yeah and josh only bring you in here to me the congressman there allies that when he introduces legislation that basically hinges on when the but if the post office defaults on its pavement to the treasury then we can move and break union contracts and lay off hundreds of thousands of workers doesn't that tip the hand of what what they're actually doin

recording massive deficits her job and the can in post office could be going away the post office's plan could reduce hours and possibly close 13,000 or a post offices including canyon >>> i received a letter saying that the job until 2014 september that is the way the post office is going >>> i understand the financial realities but this isn't like your typical post office this is the community center >>> the people say their post offices more than a place to pick up mail it is a meeting place where emergency responders organized there is a pay phone to save their post office canyon residents of started a publicity and letter- writing campaign. >>> if we lost her it would be like the center of the town became a ghost town >>> and representatives from the u.s. postal service will meet with residents next month and learned the proposed options for the can get post office reporting in canyon lisa washington cbs 5 >>> you want them to save their post office. >>> dave stoelk one of our eye on the bay guys produced a special on canyon a bit you can find at cbs s f dot com it is cool and

if we put darrell issa in charge of the his post office and had that as his charge to help the post ofvive, he would find a way to do it. but he is on the other side. he is advocating the cost to private business. it is not his decision to make alone. we have to understand the principle of universal service goes beyond corporate profit. it goes to the essence of what democracy is about. why did the founders but the post office in the constitution? i mean, really? they were delivering mail by horseback and. there was the thought of being able to move the commerce of the country but not only that, to communicate.e can the post office update itself? of course. but that is not the argument underpinning misprint it is, whether it is one to survive or thrown into a trash bin to be picked up by corporate interest who get it for essentially pennies on the dollar and recapitalize it to make hundreds of billions or trillions of dollars in the long run. we cannot let that happen. >> chuck zlatkin, i want to ask you, the post office is the second-largest employer in the u.s. after walmart. can you

. >> even defense is riddled with waste the post office can not even close will offices civic this governor closed parts of government. >> and people in government think they are a genius. peppermint inc.. today. >> that is what we call the show but what does that mean? doing what private sector should do. health care, transportation and mail. it is faster and cheaper if they step aside and let competitors compete. they bring in the managers' index birds suddenly they could. they are so smart. government decided to build cars. it was a terrible car. but central planning said it was great. once the berlin wall came down and had competition it disappeared. but when government runs things, this is what we get to. allows the -- lousy product and services. we need some government. not too much. my first guest is a governor but you would be surprised how much government you did not mince. mitch daniels. >> you will not mince real-estate vehicles and planes. not the lousy service its bid is there. >> if there are more than a couple of competitors? if somebody does this all day every day maybe they

used to work at the post office. now i'm retired and i spend most of my time reading the newspaper and playing chess. ah, chess. in my younger years i was champion of my entire school ! well, let's see how much you remember. no problem. i will clean this up right away. - who is that guy ? - that's jamal. he works for me part-time as a handyman. doesn't look very handy from where i'm sitting. he is actually an engineer, - but he was laid off from his job. - your move. mr. brashov, will you take a look at this, please ? uh, yes. excuse me, please. all right, but it's your move. jamal. - could you make a move for me, please ? - all right, mr. brashov. - are you sure you want to do that ? - that will be fine. - it's all yours. - thank you. - tough break, losing your job. - yes. but i am lucky i have mr. brashov to help me out. so how does an unemployed engineer end up working at a restaurant ? when mr. brashov was new in this country, my great-uncle was his landlord. he helped mr. brashov a lot. very nice. now i am new i

what happens to the post office? >> well, in this case, nothing because these are moneys that won't be drawn upon for several years. the real threat to the post office is what you touched upon, the operating losses. they are expecting to run out of money. the money they use to pay salaries. the money they use to pay for gasoline to keep the fleet of postal vehicles running. they run out of money in october. there is no plan in place, at least from congress, to help continue funding them. they don't receive taxpayer dollars now. they are drawing up a contingency plan at the post office but nobody has a sure fire way to keep things running without some kind of funding. >> shepard: adam shapiro new york city. thanks. the president says a new report shows governor romney's tax cut plan would actually cost middle class families thousands of dollars. of course, governor romney's aides claim there is a problem with that report. and now that the governor is back in the united states, staffers say he is getting ready to go ba

public buildings are to the school and a nine year-old post office. >>> the post office is so poor inour history and the focal point of town. >>> so the 90th anniversary of the post office with the rally in a community gathering on saturday. the postmaster here for 14 years. greta is usually not a line in usually parking you get an actual person when they call here in the phone. >>> with the u.s. postal service reporting massive deficit including more than 5 billion in just the last quarter her job and the canada post office could be going away. it's post plant could produce hours and possibly close nearly 13,000 post offices including canyon. >>> i received a letter saying that the job took to the support teens september and that's the way the post office is going with the post plan. >>> i understand the financial realities of budget but this isn't your typical post office this is the community center of canyon. greta they say their post office is much more than a place to pick up mail it's a meeting place for emergency responders organize and even a pay phone to save their post offi

my wife works for the post office.n capital goes in, strips company of their funds, filed bankruptcy and blah blah. if you look at what the public has been doing for some time with these large funds, the senate or the congress made the post office to refund their pension plans -- pre-fund their pension plans, something no corporation has to do but them. now, when we start to talk about privatization, that means republicans want to strip that money. they have been doing this since reagan was in office. they got these companies, and that is what they are trying to do. they know they have the money there. that is why they are operating at a loss. host: you are a key issue of privatization, and a follow-up from peter, "i recently went to a ups/federal express store, and were many times more expensive for my package." this follow up on the issue of privatization? guest: would you like me to respond to damien's points regarding privatization? there were a couple of useful things he pointed out. one, he is referring to a prov

my wife works for the post office. bain capital goes in, strips company of their funds, filed bankruptcy and blah, blah. if you look at what the public has been doing for some time with these large funds, the senate or the congress made the post office to pre-fund their pension plans, something no corporation has to do but them. now, when we start to talk about privatization, that means republicans want to strip that money. they have been doing this since reagan was in office. they got these companies, and that is what they are trying to do. they know they have the money there. that is why they are operating at a loss. host: you are a key issue of privatization, and a follow-up from peter, "i recently went to a ups/federal express store, and were many times more expensive for my package." this follow up on the issue of privatization? guest: would you like me to respond to damien's points regarding privatization? there were a couple of useful things he pointed out. one, he is referring to a provision in the 2006 act tha

>> in a brooklyn post office, one man delivers a first-class tirade.n los angeles, a customer cuts in line. and out west, a cattle parade makes a pit stop. >> oh, man, this is going to be great stuff. >> when "caught on camera: customers gone wild" returns. es- a breakthrough in natural energy. made with real fruit, starbucks refreshers™ are delicious low calorie drinks you can feel good about. ♪ rethink how you re-energize. ♪ get a boost of natural energy with a new starbucks refreshers™, in three ways. natural energy from green coffee extract, only from starbucks. to provide a better benefits package... oahhh! [ male announcer ] it made a big splash with the employees. [ duck yelling ] [ male announcer ] find out more at... [ duck ] aflac! [ male announcer ] ...forbusiness.com. ♪ ha ha! >>> september 14th, 2008, los angeles, california. tensions erupt at a local mcdonald's when a man lunges forward and punches a 16-year-old girl in the head. the girl falls to the floor. it's all caught on the store's security cameras. this man's brazen outburst shock

the warning signs clearly say no post office parking. if the park any way you couldn't get towed. >> it is horrible. i have been going on the way over to the democracy boulevard post office. >> i drove around and around the block with my kids in the block -- in the car looking for something. and i gave up. >> customers say even if you can snag a meter you may have to navigate your way across a hectic wisconsin ave. >> i have been in a different verizon wireless store two hours this morning. i will let that be my excuse. >> the recently shut down two other post offices. a spokesman said the sale of those two sites will bring in $9 million over two years. they get a good deal on the lee said the new location. they went into the agreement believing they had the same privileges as the previous tenant. five spaces in the spots next door. it turns out that was not the case. >> they have been negotiating a settlement. they expect to announce a solution as early as next week. they are also looking for a second location with parking in downtown b

fedex or the post office. fedex symbolizes in a very real way from the creativity of delivering new ways of being efficient, doing things differently, and the post office symbolizes sluggish service, lack of innovation, and yes, we should privatize it and we could do so in a way people out in the middle of nowhere getting a magazine if they want. but the amazing thing about technology is that free markets are going to turn into abundance. that is something the government cannot do. thirty years ago, the cell phone was as big as a shoebox. at about 30 or 40 minutes of battery life. $3995 did you have one? >> no. [laughter] >> i stuck with my landline. but the amazing thing is, if government can go out and get involved in, today, it would still be as big of a shoebox. maybe have 50 minutes of battery life and cost $9995 and the president would be railing against rudy cell phone users. today, there are 5 billion in the world. you can have cell phone for medical services now and thinking and they become handheld c

leak.it's happening right now at the main post office building on east fayette street.we have a crewthe way to the scene and will bring you the latest as soon as it becomes available.we will be right back. the man accused of smashing seven sheriff's department cruisers with a tractor will be back in court tuesday to enter a plea. plea.he first appeared in court friday... just one day damage in the department's parking lot.jennifer reading has moreeon how he did it... and how law enforcement is picking up the pieces. pieces. "we bring roger pion in first" 34-year-old rogerrpion was far from his father's tractor. his hands in shackles -- as he entered the newport courtroom -- accused of crushing 7 orleans county sheriff department cruisers during an afternoon rampage thursday. "it was like you were at a truck show watching some big foot smash trucks." randy mathison knows pion well -- and says the attack doesn't surprise him."he's been a 3 farmer all his life. he probably was just upset."pion was arrested last month by newport city police for possession of marijuana and resisting arres

. >> reporter: some very scary moments here at the post office, at least 50 to 60 people are now being treated for possible exposure to carbon monoxide. >> it all started with a sudden fall. >> i received a call approximately 8:30 this morning for an injured person after suffering a fall. >> the chief says paramedics arrived and determined the man had high levels of carbon monoxide. >> they were able to evaluate 38 levels parts per million, which can be serious. >> the carbon monoxide is believed to have come from a generator near one of the doors of the building. >> while the levels are not extremely high, any exposure for a long period of time can be dangerous. >> if a person last been exposed for hours, it can certainly be deadly. >> reporter: right now it's back to business here at the post office on east fa yet street. we're told that the leak did not impact the customer service area. back to you, don. >> vung thank -- thank you. the fumes were first identified by the baltimore fire department's task force. >>> two men are behind bars accused d of firing into a crowd. a fight brok

is our friend, everybody's trying to cut the post office.talking over each other] sandra: and have a legal obligation. what if there is a jury duty notice in her. >> exactly. a subpoena? we want our legal documents delivered and properly. bills have to be paid. things have to be delivered. and i can't get it because the postman is on vacation. sandra: united airlines is adding fees. a lot of airplanes are doing this. >> we live in new york city. we are used to living lean. you can barely eat your food at a restaurant. sandra: going back to private business, they can do whatever they

one of the chapters is called fedex or the post office? and fedex symbolizes the creativity of delivering new ways of being efficient, doing things differently. the post office symbolizes sluggish service, lack of innovation. and yes, we should privatize it and they can do so in a way where people can still get a magazine if they want. but the amazing thing about technology is that can help. free markets about turning scarcity into abundance. that's something government cannot do. 30 years ago, the cell phone was the biggest shoebox out of about 30 or 40 minutes of battery life and it cost $3995. >> did you have one? >> no. still stick with my landline. but the amazing thing is, if government had gotten involved in that, today it would still be as big as a shoebox, maybe 15 minutes of battery life and cost 9995, and the president would be railing against greedy cell phone makers. today there are 5 million in the world, have a cell phone, do medical services that with your cell phone. they become handheld computers. and so than the simple o

post office raised the stamp price to a dollar. why not? >> why not?three penny increase. >> what is it now? i don't know what it is. 46 cents? >> from a deli 86 cents right now. >> take it -- >> to the gath. the garfield the cat. >> five days from six and we have to move on. moving us on. finally, the higher end real estate market in new york getting higher. $100 million penthouse hits the market. kayla, what is this a sign of? >> talk about the price. it sells for. because bagter for $4.5 million. granted that's in the early '90s so account for inflation. >> $9 million or $10 million in the house? $100 million in this market? >> that's impossible. >> do the math, though. let's say he get what is he's asking for. 8,000 square feet. let me break it down for you. the average american home is about 2,30 square feet. call it 2,000. this means in a 2,000 square foot home, it would sell for $25 million. put another way -- >> my average home. >> a studio, a little tiny box is $6.5 million at this price per square foot. >> not even in that desirable of a neig

go to stamps.com/tv and never go to the post office again.pectacular moves, winning strategies. jim cramer does it all the time on "mad money." watch jim on cnbc at 11:00 p.m. eastern. and during the olympics you can also catch jim at 6:00 p.m. eastern on cnbc world. capitalize on it. >>> welcome back to my method to the madness episode of the craziest. most enlightening, perhaps entertaining show even though i am an egomaniac crazy man. we're talking about the little tricks i use to find you opportunities to pick stocks, to know when to sell. all the methods that made me a pretty darn good money manager and helps me put together the show every night. trying to enlighten you about what's behind the scenes to make the most money. today we're transcending the usual model. i want to teach you how to do what i do. i want to teach you about a way to trade them now. we were doing some investing now we're doing trading. this is a discipline that's incredibly useful especially in volatile crazy markets. and it's called -- this is the thing i get the

a new warning. >>> post office panic. more on the scary situation at baltimore's main post office. eyewitness news at 4:00 continues with vic after this. wheeeeeeeeeeeee! wheeeeeeeeeeeee! whee! whee! wheeeeeeeeeheeee! heads up. everything you love about geico, now mobile . download the geico app today. not everyone can understand it. the worry. the endless collection calls. we know what it's like... to be in your shoes. we're the providers of careone debt relief services. bernie dancel, who created careone, has been in your shoes. he once had his own battle with debt, which motivated him to start what is now the nation's largest brand of debt relief services. so call right now to speak to someone who understands -- and get your free customized plan. our certified personal finance counselors have helped over 5 million people just like you. it's not a loan. it's not bankruptcy. it's debt consolidation with a payment you can afford. and we stand by our service with a 6-month money back guarantee, so there's no risk to you. we've been there. and we can help. call us right now for your

and i post office problems.we'll talk to an expert about what needs to be done to save an agency that defaulted on a $5 billion payment. >>> and they put the bad in badminton. find out why eight athletes have been booted from the olympics. gary. >> and thanks a lot, laura. a couple of thunderstorms are beginning to pop up out there. not everyone is going to see thunderstorms this evening, but some of you will and come back. we'll show you why where they are now and where they might be going and looks like things will start heating up into the weekend. the first look at the forecast is coming up. the news will continue as well. don't go away. stay with us. stay with us.   over the next four months, you u have a choice to make. not just between two political parties, or even two people. it's a choice between two very different plans for our country. governor romney's plan would cut taxes for the folks at the very top. roll back regulations on big banks. and he says that if we do, our economy will grow and eve

go to stamps.com/tv and never go to the post office again. and you don't want to miss it with thinkorswim by td ameritrade. you get knock-your-socks-off tools, simple one-click orders, real-time paper trading to hone your skills, plus anytime you need it support. ♪ stocks, options, futures, and forex. get your trading on track. thinkorswim by td ameritrade. trade commission free for 60 days, plus get up to $600 when you open an account. >>> where were options traders pumping up the volume this week? discover financial. over nine times the average daily volume for calls. time for total recall. we look at trades that are neither winning or losing and give us the next move. khaou and carter made a bullish trade on best buy. shares have cratered, but they haven't lost much money and here is why. >> on options actions, it's how we find the best deals. risk less so we can make more and that is just when khouw and carter tried to do with a bullish bet on best buy. he thought the big box retailer would be electric. >> they have discounted to much. >>

there's nothing worse than going to the post office and waiting in line.on't have to leave my desk and get up and go to the post office anymore. [ male announcer ] with stamps.com, you can print real u.s. postage for all your letters and packages. it gives you the exact amount of postage you need the instant you need it. can you print only stamps? no. first class. priority mail. certified. international. and the mailman picks it up. i don't leave the shop anymore. [ male announcer ] get a 4-week trial plus $100 in extras including postage and a digital scale. go to stamps.com/tv and never go to the post office again. >> it's christmas in august, apparently, but only at new york's radio city music hall. the rockettes kicked off the season early. the 2012 radio city christmas spectacular. they kicked off a display of costumes worn throughout the years. santa there as well, of course. the celebration took over new york's sixth avenue. a little early to be thinking about that, but whatever. time for the final call. >> this week's web extra is all about jc penn

just continues to struggle there, terrell. >> post office is in trouble. ashley morrison here in new york. ashley, thank you so much. appreciate it. >>> we'll take a quick break on a friday. when we come back, a look at the latest picture from mars and a failure to lawn. nasa's experimental lander doesn't get far before meeting a fiery end. this is the cbs morning news. wardrobe. cute. then new activia breakfast blend. a great way to help start the day. mmm... creamy lowfat yogurt with grains in yummy breakfast flavors, like apple cinnamon. its hearty, with twice the protein of regular lowfat yogurt and helps regulate your digestive system. our morning routines are important, aren't they? new activia breakfast blend. [ female announcer ] the gold standard in anti-aging. roc® retinol. found in roc® retinol correxion deep wrinkle night cream. it's clinically proven to give 10 years back to the look of skin. now for maximum results... the power of roc® retinol is intensified with a serum to create retinol correxion® max. it's proven to be 4x better at smoothi

even though congress so screwed up the post office that as of yesterday the post office is defaulting on payments that congress says it is supposed to make. congress did not reauthorize the violence against women act which used to be the very definition of a noncontroversial bipartisan thing in congress. they did not do a russia trade bill they said they were going to do. they did not make their bush tax cuts decision. they just didn't do any of it. and they could have, i guess, save e stayed until they got it done. but instead they're leaving. they're gone for the rest of august and into september. jobs, jobs, jobs. when congress is in washington but they're not working on anything, what they do with your time there instead is something called messaging. they do things that don't necessarily have any real policy impact, but they're supposed to have some sort of political impact. they're supposed to excite the base. they're supposed to at least make the folks back home in the home district happy. which is why, for example, there have been zero bills brought to the floor to fix this gi

we will continue this conversation about the post office. how do we safe the post office?de. >> this is the bill press show. not true! >>oh really? >>tax cuts don't create jobs. the golden years as the conservatives call them, we had the highest tax rates, and the highest amount of growth, and the highest amount of jobs. those are facts. >>"if you ever raise taxes on the rich, you're going to destroy our economy." not true! you want to save money on car insurance? no problem. you want to save money on rv insurance? no problem. you want to save money on motorcycle insurance? no problem. you want to find a place to park all these things? fuggedaboud it. this is new york. hey little guy, wake up! aw, come off it mate! geico. saving people money on more than just car insurance. septic disasters are disgusting and costly, but avoidable. the rid-x septic subscriber program helps prevent backups by sending you monthly doses right to your door so you will never forget to maintain your system. sign up at rid-x.com. start you morning with a daily dose of politics from a fresh perspe

people are parking where they are getting toed. >> if you are heading into the post office, don't park. warning signs say, no parking. security guard to you. horrible. ly i have been going all the way over to democracy boulerd because they have a parking garage and parking lot. >> i drove around and around and around the block and i then gave . customers told us even if you meter, you may have to get across a hectic wisconsin avenue. this is verizon wireless parking. i was in a different store two hours this morning. problem started when the office started two locations. both had parking. a spokesman says the sale of sites will bring in $9 two years. into the agreement had the same as the previous enant. turns out that wasn't the case. negotiations are under and an announcement on a solution could come any day now. way to save money back-to-school clothes but hate to look for the sales? we'll tell you where you can go tomorrow and save money without scouting for sale signs. we are looking at a quiet and evening. we have some showers and thunderstorms in the upcoming forecast. will look

post office had until midnight to pay a $5 billion tab.s going to happen when they fail to pay it? you do what you do... because it matters. at hp we don't just believe in the power of technology. we believe in the power of people when technology works for you. to dream. to create. to work. if you're going to do something. make it matter. do you have any idea where you're going ? wherever the wind takes me. this is so off course. nature can surprise you sometimes... next time, you drive. next time, signal your turn. ...that's why we got a subaru. love wherever the road takes you. [ feedback ] attention, well, everyone. you can now try snapshot from progressive free for 30 days. just plug this into your car, and your good driving can save you up to 30%. you could even try it without switching your insurance. why not give it a shot? carry on. now you can test-drive snapshot before you switch. visit progressive.com today. hey america, even though slisa rinna is wearing the new depend silhouette briefs for charity to prove how great the fit is

he was the post office it was being mailed through why do you shut down the post office thinking that's where the problem is it's not so that was a phony charge they tried to charge him with a copyright violation himself for uploading sixty songs or something but they had come off of c.d.'s he had purchased so it was all these attempts that i call phony then they had to figure out a way to extradite him they needed a crime that would get him five years in prison to meet the law the new zealand law for extradition so they made up phony charges of racketeering like he's some big mobster connecting you know a big financial empire and all these countries i mean apple does that but kim dotcom is just a nice soft little sweet guy when you meet him who tells the truth openly you know that you know when somebody is being truthful when you're with them personally and he doesn't hide things he doesn't share he doesn't have concocted lines to tell he's not a. racketeer there's a they charge him with mail fraud because he said i deleted some files and what he had done was delete the links to them i

go to the post office again. cheryl: power mover of the hour is a software solutions company. shares are up after reporting narrower than expected second quarter losses. also raised full year forecast after the bell yesterday. this company just went public back in april. this is the chart for the middle of april all the way till now. the shares of splunk have surged from the debut price. it's gained business from companies like zynga, bank of america and autodesk. today jpmorgan also raised its price target to $45 from $40 with an overweight rating. that stock is at 34.50. i want to show you facebook right now because obviously with all that's been happening with facebook, this stock actually today everybody hitting an intraday low just before the start of this hour. let me show you really quick here the intraday chart of facebook. there you go. 18.10. so another rough day frankly for facebook. we've got team coverage of the impact from isaac from the rescue efforts to the financial

he took on the post office like you said, and he won yet dhl isn't much of a player in the u.s. market before fedex. why is that? >> there's a number of reasons that it never really succeeded here like to get overseas. one is that he really took an interest in the u.s. market, and he wasn't necessarily a good businessman. he was terrible with the health and was a terrible manager. the international growth was handled by the other people. he was a genius at hiring. he had all these crazy ideas about everything and the u.s. was sort of his incubator and most of them feel they and they definitely paid a price for that. he hired a grocery store executor and hired larry roberts which was a disaster and they lost ground. when fedex came in years later with their own airplanes, they just ate their lunch. they took the business they would have had in the u.s. for the most part and then the cities became the