Post office reports record loss of $15.9B for year
WASHINGTON – The struggling U.S. Postal Service on Thursday reported an annual loss of a record $15.9 billion and forecast more red ink in 2013, capping a year in which it was forced to default on billions in payments to avert bankruptcy.
The financial losses for the fiscal year ending Sept. 30 were more than triple the $5.1 billion loss in the previous year. Having reached its borrowing limit, the mail agency is operating with little cash on hand, putting it at risk in the event of an unexpectedly large downturn in the economy.
4 dead, 17 hurt when train hits Texas vets parade
DALLAS – A freight train slammed into a parade float carrying wounded veterans Thursday, killing four people and injuring 17 others as the float drove through a West Texas railroad crossing on its way to an honorary banquet, authorities said.
The eastbound train was sounding its horn before it hit the float around 4:40 p.m. in Midland, Union Pacific spokesman Tom Lange said. A preliminary investigation indicates the crossing gate and lights were working at the time, Lange said, though he didn’t know if the train crew saw the float approaching.
Army suicides for 2012 surpass 2011 numbers
WASHINGTON – Ten months into 2012, the number of suspected suicides by active-duty soldiers has surpassed last year’s total, even as the Pentagon struggles to stem the persistent problem.
According to the Army says there were 20 possible suicides in October, bringing the total for the year to 166 – one more than the total for 2011.