Postal Service Warns of Service Cuts

E-mail is a major challenge to "snail mail" and the recession is taking its toll on the US Postal Service. Saturday delivery and hundreds of post offices are at risk of being discontinued and closed. Mail volume has dropped almost 13% in the past nine months and the USPS is on track to lose $7 billion this fiscal year. But the Internet and the recession aren't the only problems. Michael Crew is Professor of Regulatory Economics at Rutgers University and Director of its Center for Research in Regulated Industries.