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Post office reports record loss of $15.9B for year

By HOPE YEN
Associated Press

   WASHINGTON (AP) -- The struggling U.S. Postal Service is reporting a record annual loss of $15.9 billion.
   The financial losses for the fiscal year ending Sept. 30 were nearly $11 billion more than the previous year.
   The numbers cap a tumultuous financial year in which the post office was forced for the first time to default on more than $11 billion in payments to avert bankruptcy.
   The mail agency for months has been urging Congress to pass an overhaul bill to let it trim letter delivery to five days a week and reduce annual payments for future retiree health care.
   Postmaster General Patrick Donahoe says the large losses cannot be sustained.
   The mail agency forecasts billions in additional losses next year as it awaits financial relief from Congress.
Post office reports record loss of $15.9B for year

Posted: Saturday, November 17 2012, 02:19 PM CST

IN OKLAHOMA NEWS

Safe room mandates remain rare in tornado states
May 24, 2013 07:24 GMT

By DAVID A. LIEB Associated Press

MOORE, Okla. (AP) -- When a deadly tornado tore through the central Oklahoma city of Moore, many survivors emerged from their storm shelters to see their homes blown away.

The mayor suggested that storm shelters should perhaps be mandated for new homes. But that may be hard sell.

But not a single state currently requires storm shelters in new homes. And not even many communities do so.

Costs remain a deterrent despite the life-saving potential of personal storm shelters. So, too, does a general resistance to government mandates in politically conservative states in the nation's heartland where tornadoes are most prevalent.

Instead of a stick, Oklahoma currently offers a carrot to build storm shelters. It uses federal funds to award $2,000 rebates to residents who win a special storm-shelter lottery.

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