Word: evening
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Dates: during 2000-2000
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Such quaint simplicity is gone forever. Now you're as likely to send her a fax, an e-mail, an instant message or one of those Internet missives with dancing balloons and digital music. Even if you cling to traditional pen and paper, it's no longer clear how it will travel. Airborne Express? Overnight? Two-Day Priority...
Ultimately, however, the real beneficiary of a USPS-FedEx alliance will be the Memphis-based powerhouse. Besides gaining access to that "last mile" to Aunt Edna's mailbox, FedEx could leverage the arrangement by planting drop-off boxes in post-office lobbies. Even if government regulators limit the combination on antitrust grounds, FedEx is steaming ahead with other joint ventures, including a deal with the French postal agency La Poste. Fred Smith has already proved FedEx's global fortitude. Most analysts see his domestic strategy as a shrewd way to position his 29-year-old company for what many believe...
Unless it undergoes radical reform soon, the days of the U.S. Postal Service are probably numbered. Even its primary market, first-class mail, is expected to shrink 27% over the next decade, representing the loss of an additional $17 billion in revenues. And some analysts warn that deals with private carriers will simply undercut USPS assets, leaving it with little more than its most rural--and least profitable--routes...
Postmaster General Henderson resists even the suggestion that the Postal Service could disappear and has vowed to shake up his mammoth organization. Yet in testimony to Congress last month, he seemed resigned to a fate that is uncertain at best. As he argued for support of the postal-reform bill that has languished in committee for so many years, the USPS veteran fell back on a sentimental plea. He cited statistics showing that 66% of all Americans believe the mail is our most private and secure form of communication. "These findings are a testament to the enduring strength and unique...
Wall Street and Fort Knox are still there, of course, but their mystique is fading fast. Not even James Bond's nemesis Auric Goldfinger would try to rob the fort anymore; bullion is in a two-decade-long slump. Nowadays, real money doesn't glitter or clink. It blinks across the world's computer screens. More wealth is created--or destroyed--in an instant than J.P. Morgan could have comprehended. Net-savvy investors are reaping the rewards and assuming the risks of controlling their financial destiny...