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Will have lost $238 billion. mail volume dropped off a cliff already. 213 billion pieces in 2006. expected to go down to at least 150 billion by 2020. there's simply not the kind of volume of mail that you would expect to generate the money necessary to keep the post office in business. and so the post office is suggesting that they cut saturday mail delivery. they close some inefficient and smaller post offices only in areas where you have already got many post offices. they have the flexibility to actually respond to the times. here's the postmaster general. >> with the number of deliveries ...

Change, in order for them to survive, they have to change radical radically. that old adage about letter carriers staying on the job through snow, rain, heat or gloom of night doesn't make any mention of e-mail or weathering a 21st century great recession. today the postal service is in trouble, big trouble. in just four years, mail volume has dropped off a cliff. from 213 billion pieces delivered in 2006 to fewer than 170 billion projected for 2010. most lost to the internet. and the financial losses are mounting. $7 billion in the red by the end of this year. >> last year, the postal service...

>> shepard: major garrett at the white house tonight. good of you. sports one of the most profitable industries depending on the sport really. pro-soccer team looking to fill hundreds of part-time jobs. the new york red bulls. what did you say? i said the new york red bulls and hosting a job fair right now at the team's brand new arena. i wonder where that is? it's billing it as the first true european style soccer facility in all of the country. 25,000 seats. $200 million. and, get this, major league soccer is part of a sports industry worth an estimated $213 billion. that's more than twice t...

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