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Neal Freiman

๐Ÿ‘ค Speaker
27131 total appearances

Appearances Over Time

Podcast Appearances

Morning Brew Daily
English-Speaking Nations Are Sadder Than Ever & USPS is Running Out of Cash

So it's going to be in a financial pinch.

Morning Brew Daily
English-Speaking Nations Are Sadder Than Ever & USPS is Running Out of Cash

If you looked at this business model and said, would you invest?

Morning Brew Daily
English-Speaking Nations Are Sadder Than Ever & USPS is Running Out of Cash

Someone would look at that and say, absolutely not.

Morning Brew Daily
English-Speaking Nations Are Sadder Than Ever & USPS is Running Out of Cash

And you can see Postmaster General David Steiner, also cool title, Postmaster General, flipping through the playbook and seeing, okay, we have lost however many tens of billions of dollars over the past few years.

Morning Brew Daily
English-Speaking Nations Are Sadder Than Ever & USPS is Running Out of Cash

He told Congress this week we're going to run out of cash within a year unless we do something.

Morning Brew Daily
English-Speaking Nations Are Sadder Than Ever & USPS is Running Out of Cash

So you can see them going through the possible options, and that was probably what they opened the bidding process with Amazon for.

Morning Brew Daily
English-Speaking Nations Are Sadder Than Ever & USPS is Running Out of Cash

So they want to raise more money.

Morning Brew Daily
English-Speaking Nations Are Sadder Than Ever & USPS is Running Out of Cash

Right now they have a debt limit of $15 billion.

Morning Brew Daily
English-Speaking Nations Are Sadder Than Ever & USPS is Running Out of Cash

They say we have to raise more money or this thing is not going to

Morning Brew Daily
English-Speaking Nations Are Sadder Than Ever & USPS is Running Out of Cash

continue as it has been for more than the United States has existed.

Morning Brew Daily
English-Speaking Nations Are Sadder Than Ever & USPS is Running Out of Cash

Or we have to raise the cost of first-class stamps.

Morning Brew Daily
English-Speaking Nations Are Sadder Than Ever & USPS is Running Out of Cash

Right now, they're 78 cents, and he thinks that we have to raise them to almost $1, 90 to 95 cents.

Morning Brew Daily
English-Speaking Nations Are Sadder Than Ever & USPS is Running Out of Cash

And he said, look, compare this with the rest of the world.

Morning Brew Daily
English-Speaking Nations Are Sadder Than Ever & USPS is Running Out of Cash

Sending mail in the United States is super cheap.

Morning Brew Daily
English-Speaking Nations Are Sadder Than Ever & USPS is Running Out of Cash

By comparison, France and the UK charge about $3 and $2.50, respectively, for the same service.

Morning Brew Daily
English-Speaking Nations Are Sadder Than Ever & USPS is Running Out of Cash

So either you got to borrow more, cut costs, which they're trying to do,

Morning Brew Daily
English-Speaking Nations Are Sadder Than Ever & USPS is Running Out of Cash

or raise the first, or raise the cost of stamps.

Morning Brew Daily
English-Speaking Nations Are Sadder Than Ever & USPS is Running Out of Cash

And that's how you can somewhat be financially valuable.

Morning Brew Daily
English-Speaking Nations Are Sadder Than Ever & USPS is Running Out of Cash

Request granted.

Morning Brew Daily
English-Speaking Nations Are Sadder Than Ever & USPS is Running Out of Cash

Yeah, Uber suddenly finds itself at the center of the self-driving universe.