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WASHINGTON — Battered by the economy, the post office is offering early retirement to 150,000 workers, cutting management and closing offices, the agency said Friday.

The Postal Service lost $2.8 billion last year and is facing even larger losses this year, despite a rate increase _ to 44 cents for first-class mail _ scheduled to take effect May 11.

Original post by AFP and software by Elliott Back

AFP – North Korea Saturday reconnected cross-border military phone lines cut earlier this month and reopened the frontier for South Koreans visiting an industrial complex, officials here said.

Original post by AFP and software by Elliott Back

AFP – The White House said it had more steps plotted to entice Iran to engage in dialogue after President Barack Obama offered a “new beginning” to turn back the tide on decades of mutual animosity.

Original post by AFP and software by Elliott Back