i always in every year look forward to joining our united states postal service and you've begun u doneowing to the recreational director thank you. again. this is the second series of the 7th series i look forward to this day because it signals just that fresh beginning seeing another about how far designed stamp and as both decreases said earlier it's an exception of our american culture and asia culture. i want to thank again sherman for your leadership at oc a that we take pride in not only a recreational subdivision e celebration this is national not international and i'm reminded again with allen's remarks we have a history. sometimes, it wasn't as bright as we wanted it to be but those days it's brighter and brighter i get to lead the city and a traffic internationally all over the world we have is strong citizenry that reflects our cultures. everyday i get to serve the city of this city but represent them in international settings pr i want to emphasis one greeting this year because i told anita elimination to do that. when you intermediate people in chinese greeting it is a pro

. >> the designer for the united states postal lunar new year stamp collection.oming up, groundhog day. ♪ >> a lot of attention on the big game this weekend, the denver broncos against the seattle seahawks, but the day marks groundhog day here in the united states. folklore goes that if punxsutawney phil sees his shadow, there will be six weeks more of winter, and if not, it spring will come early. michael johnston, a former member of the inner circle, the group that handles the groundhog. good to have you with us. are you allowed to say happy groundhog day before it happens? >> absolutely. we have been celebrating it for the last week. there is no time limit on fun. >> tell us the history of groundhog day. >> this is the 128th celebration of groundhog day. the legend is rooted in european folklore. they celebrated a holiday called candlemauss day, which was the midpoint between winter and spring. one of the more obvious customs that was followed, was that people would get together and bring all of the little stubs of candles that they had burned, put them into a

now, the financial pinch the united states postal service is under is a result of the postal accountability, passed by congress in the lame duck session in 2006, which forces the postal service to prepare retiree health care for 75 years into the future in a ten-year window. in other words, about $6 billion a year on their bottom line that they have to meet for future operations. who the hell runs their businesses like that? republicans have been gunning to nail the post office for a long time. they want it to be forced into bankruptcy so they can privatize everything they can get their hands on. on thursday, the senate homeland security and government affairs committee approved a bipartisan bill which would grant the postal service more operating flexibility and provide relief for some of its workforce-related obligations, meaning the prepay what i was just talk about. the bill will eventually head to the senate for debate. tom carper of delaware released a statement reacting to the financial loss in supporting the legislation. he said it's time for the congress and the administration to w

lunar year is important for the united states postal service we provide the service everyday and recognize the red lights of the diversity. in keeping with this tradition we introduced this lunar system in 18998 we celebrate the year of the rabbit and dragon and snake all during the respective years during the chinese calendar. today, we pay tribute to the horse on january 31st, 2014. people during the lunar year they have the traits and this is good buses. horses are popper and cleaver and refuse to be recognized to failure they can be stubborn and hot termed. the key for horses is to find the balance to exercise control. with this new stamp we wish good future for everybody and hope it will bring the best out in all of us. in keeping with that hope this year's stamp is like the altercation of the drums. additional the drums are dictated for prosperity and working with the art directors two element were incorporated clarence paper cut design and the which they think so character was drawn. the inindicating cut flow of the lines symbolizes force. once you see them you'll agree those colorf

out what happened, trying to find some witnesses to what we are told is the robbery of the united states postal service worker on duty while he was out delivering the mail in northeast washington this afternoon. i spoke to a representative from the postal service, and they say that they don't know what was taken from the care yes e and they are trying to put it together, and they have a postal inspector on the scene right here right now, and again, we don't know the conditions, but we know that we have had serious attacks on letter carriers here in the d.c. area, and it is something of contention among the carriers. they feel it is dangerous for them to be out in the evening hours. this happened while it was still broad daylight here behind this apartment building at 50 hawaii avenue in northeast washington avenue and the details are coming in. as we get more, we will get it to you. live, jackie bensen, news4. >>> and now back to the headlines, eric toth who was set to be sentenced in a child pornography case is asking for leniency. toth wrote a letter to the judge saying that he has known sinc

governance is also important to me because it is part of the united states postal service operates asa monopoly. and i believe that the substitute amendment that was put before us last week puts about monopoly in charge of setting its own rates. and we just don't do that. we have to protect the ratepayers and consumers. i used the analogy last week of an electrical utility. we never let them set up their own electrical rates.

. >>> the united states postal service has been bleeding money since all of us were alive.ur banking there? according to the post office inspector general, the agency could make billions in revenue by offering bank services, like check cashing and bill-paying and small loans and the like. wonder where they get the billions? oh, yeah, from us, millions do not havele bank accounts and pay astronomical rates at payday services. critic says mostal service is the last place to hold on to your money. last year is lost $5 billion. lost 25 billion in just the last three years, and during that same time, it closed more than 800 offices and branches. again, that is in just the last three years. but the postal service does admit the loss goes backñrÑi evn further. the -- we're live on capitol hill. a lot to get toñrçó here. what chance of this happening? >> the post office has been asking for years to congress to allow them to get rid of saturday delivery, allow post offices to sell certainñrñr retl items items and congress hunt done anything. now there's a little momentum wind this.

because part of the united states postal service operates as a monopoly. and i believe that the substitute amendment that was put before us last week puts that monopoly really in charge of setting its own rates. and we just don't do that. we have to protect ratepayers. we have to protect consumers. i used the analogy last week of the an electrical utility. we never let them set their own electrical rates. you have state public utility commissions or public service commissions that take testimony, gather input from all the stakeholders that are affected and then make a decision. to either approve the submission or reject it or modify it. we have got to keep that in place for at least that part of the post office that is a monopoly. so that is what the amendment i introduced last week would accomplish. i would like to modify what was the old one mccaskill amendment and i believe that modification has been distributed in writing. what it would do one rates is it would allow the exigent price increase to remain in effect for one full year. after that time, the

governance is also important to me because it is part of the united states postal service operates as a monopoly. and i believe that the substitute amendment that was put before us last week puts about monopoly in charge of setting its own rates. and we just don't do that. we have to protect the ratepayers and consumers. i used the analogy last week of an electrical utility. we never let them set up their own electrical rates. .. and i believe that modification has been distributed in writing. what he would do on rates is, it would allow the exigent price increase to remain in effect for one full year. after that time, the remaining exigency amount would be recouped by moving to a cpi plus one. the cpi plus one would remain in effect until a new rate system is implemented. it would also maintain the schedule the rewrite of the rate process in 2017, which could lead to a future rate increases, only they would be part of what would be a transparent process that involves the postal service customers in discussion. the prc projects my amendment would bring in 3 billion more in total reven

part of the united states postal service operates as a monopoly. that the substitute amendment that was put before us monopoly puts that really in charge of setting its own rates. we just don't do that. we have to protect ratepayers. we have to protect consumers. ofsed the analogy last week an electrical utility. we would never let them set their own electrical rates. you have state public utility commissions that take testimony, gather input from all the stakeholders that are affected. they make a decision to either approve or reject or modify. we have got to keep that in place for at least that part of the post office that is a monopoly. that is what the amendment i introduced last week would accomplish. wasuld like to modify what the baldwin-mccaskill amendment. i believe that modification has been distributed in writing. what it would do on rate is it increaseow the price to remain in effect for one full year. after that time, the remaining exigency amount would be recouped by moving to a cpi plus one. the cpi plus one would remain in effect un

it is something the inspector general of the united states postal service calls for in a new report.ns me now. you write that this idea could help solve the post office's financial problems and reduce inequality. how? >> as you said, so many americans, one in four households, lack access to financial services. the post office is in every zip code in america and if they delivered these services at a massive discount compared to check cashing stores and payday lenders who are very unscrupulous and cost the average family over $2,000 in interest and fees every year, then they would save massive amounts of money, promote financial inclusion for underserved communities and help with the finances of the post office, which is a major employer. so it solves a lot of problems. >> it's a major employer that's been losing billions of dollars in recent years. how could the post office itself benefit from this? >> well, payday lenders and these other alternative financial services make about $89 billion per year. so the post office could deliver that service at maybe a tenth of that amount and st

congresswoman kelly and greg meeks and charlie rangel, to be at the official unveiling held by the united states postal service of the shirley chisholm stamp to commemorate the life and times of this tremendous woman, this member of congress, this trail blazer, all of that she had done. i recall she once made an observation to a young person who was considering a career in peculiar service and asked congresswoman chisholm whether he should pursue this or not, and congresswoman chisholm responded by saying to this young man interested in peculiar service, if you decide to run for office, don't be a career politician. be a statesperson. and representative chisholm explained that the difference is, a career politician is only concerned with the next election but a statesperson is concerned with the next generation. as we stand here today we would all do well to take that piece of advice that congresswoman chisholm uttered decades ago as it relates to the policy agenda connected to the theme, when women succeed, america succeeds. because in order for that pob to believe -- to be possible, we have to be sen

postal operators do these kinds of things. > > yes other countries post offices in other countries do offer these types of services fact and the post office in the united states they also make the point of we're a trusted brand so they think that the consumers here in the united states will really go for this. so maybe sometime this year. do you have any idea when the roll out might be? > > no as of right now this is just kind of a plan that they floated but they floated it in a 33 page report. this was not an offhand remark that a postal official made. so this is lot about. tribune, thank you so much. we are not done yet-- still to come more words of wisdom from a advice on how to handle the market. chart talk is next if matt shapiro joins us now to talk about the correction in the market. good morning matt. > > good morning angie. > > the s&p has had about a 5 percent correction from the high. so what is your plan here? what are you doing are you staying the course? > > oh absolutely i'm staying the course. no one likes corrections and this one actually has been kind of a slow-motion train wreck with fisrt starting with some general profit-taking from what

lot in this particular postal office with only this particular plaintiff that our restriction was violative of the second amendment. we are appealing that decision to the united states courts of appeals 10th circuit. >> all right. thanks for that clarification. thed you just give us perspectives of the postal service on this underlying please? you, mr. chairman. our postal inspectors are responsible for the safety and security of all postal facilities. i strongly believe the current policy should remain in effect. about anyoncerned additional security measures. they are concerned about the safety of our employees. the 32,000e given employees it will cost additional resources to go through every one of those facilities and make sure they are safe and secure. the administrative burdens on the postal inspectors from their point of view is going to make it difficult on them. as you know, there has been some history of violence with regards to postal facilities. and i think for the safety and security of both our customers and our employees, we believe our current policy should remain in effect. >> mr. chairman? >> mr. chairman, may i make a comment? yes, please. >> i th

postal parking lot in this particular post office, with regard to only this plaintiff, that our restriction was violated of of the second amendment. we are appealing that decision to the united statesrt of appeals for the 10th circuit, as is he appealing to determination by the judge but carrying guns in the post office is constitutional. >> thank you for that clarification. the perspectives of the postal service on this underlying amended, please. >> thank you, mr. chairman. our postal inspectors are responsible for the safety and security of all postal facilities. i strongly believe the current policy should remain in effect. they are concerned about encouraging any additional security measures, they are concerned about the safety of our employees. they believe given that 32,000 facilities it is going to cost to godditional resources through every one of those facilities and make sure that they are safe and secure. these ministry did burdens on postal inspectors, from their wood of view, is going to make it difficult on them. the third factor is as you know there has been some history of violence with regard to the postal facilities, and i think for the safety and security of bot

to the postal parking lot in this particular post office with regard to only this plaintiff that our restriction was viola it tive of the second amendment. we are appealing it to the united states court of appeals for the 10th district as he's appealing the determination of the judge of carrying guns in the post office is constitutional. >> all right. thanks for that clarification. can you just give us the perspectives of the postal service on this underlying amendment, please? >> thank you, mr. chairman. our postal inspectors who are response responsible for the fety and security of all postal facilities strongly believe that the current policy should remain in effect. they are concerned about encouraging any additional security measures. they are concerned about the safety of our employees. they believe that given the 32,000 facilities it's going to cost them additional resources to go through every one of those facilities and make sure that they are safe and security. the administrative burdens on the postal inspectors, from their point of view, is going to make it very difficult on them. so the third factor is, as you know, there has been some history of violence with regar