USPS News: Post Office Wants to Test Grocery Delivery

Sep 26, 2014, 1:30 pm EST

The US Postal Service (USPS) wants to test its grocery delivery system nationwide. Source: Flickr

The service has filed with the Postal Regulatory Commission for approval of a two-year test of a delivery system consisting of “groceries and other prepackaged goods.”

USPS said that the move could help it rake in between $10 million and $50 million a year. The grocery delivery service is currently being tested in partnership with Amazon (AMZN) in San Francisco. Read 

Attorney General Candidates: Who Will Replace Eric Holder?

Sep 25, 2014, 1:24 pm EST

Who will replace Eric Holder as the country’s next Attorney General?

Holder — who’s been in office since 2009 — will announce his resignation today and will retain the position until a successor is named.

Massachusetts Gov. Deval Patrick is considered to be the favorite to be the next Attorney General. He spoke of the importance of the position on Thursday but said he is not the right man for the job at the moment. Read 

Scotland Independence: Scots Vote to Remain Part of UK

Sep 19, 2014, 3:32 pm EST

Citizens of Scotland voted to remain a part of the United Kingdom on Thursday.

The decision to stay with the UK won with 55% of the votes. The other 45% of the votes were for leaving the UK. There was no third option during the voting process, but one was suggested. This option would have given Scots the option to vote for devo-max, which would have Scotland handling most of its own affairs while remaining part of the UK, reports Reuters.

Following voters’ decision to stay with the UK, Alex Salmond, Scotland’s First Minister and head of its independence movement, resigned from office. Salmond was also the head of the Scottish National Party (SNP). He said he won’t run for reelection to be leader of the SNP, The Washington Post notes. Read 

Scotland Vote: Will Scots Seek Independence From Great Britain?

Sep 18, 2014, 2:44 pm EST

Citizens of Scotland are voting over whether or not they want the country to be independent from the United Kingdom. Source: Wikipedia

The vote began Thursday morning at 7 a.m. local time and it runs until 10 p.m. (2 a.m. to 5 p.m. ET). 4.2 million members of Scotland’s 5.3 million population are registered to vote.

The Scotland vote for independence is the largest electorate ever in the country. If it passes by a simple majority, the country would no longer be a part of the United Kingdom along with England, Wales and Northern Ireland. Read 

Eric Cantor to Make $3.4M Salary in New Wall Street Gig

Sep 2, 2014, 1:10 pm EST

GOP Congressman Eric Cantor has landed a Wall Street gig only months after losing in his Republican primary elections.

Moelis & Co has hired the former House majority leader as the firm’s new vice chairman and managing director. Cantor will work in the firm’s New York office and will eventually open an office in Washington.

The deal will net the 51-year-old at least $3.4 million over two years. Moelis will pay Eric Cantor a base salary of $400,000, a $1.4 million signing bonus and at least $1.6 million in incentives in 2015. Read 

Is There Any Opportunity in the Scam of Higher Education?

Aug 30, 2014, 11:00 am EST

With all the talk of a student loan bubble, let’s first remember that the entire student loan burden is $1.2 trillion, of which maybe 20% is in true danger of default.

Yes, that’s a lot of money, but it’s not the coming disaster everyone speaks of.

It does, however, speak to the scam of higher education being perpetrated on Americans. It’s a scam because of how the money is flowing, who will be on the hook for it, who pockets it, and the value one actually receives for it. Read 

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