The red ink on the U.S. Postal Service’s (USPS) accounting books is flowing more steadily, as the agency reported Thursday a $5.2-billion net loss for the third quarter, boosting its fiscal year-to-date loss to a startling $11.6 billion. After factoring in the 274 days comprising the first three quarters of fiscal 2012, the debt-ridden agency has lost an average of $42,335,766 per day this year.

Standing near the USS Wisconsin, berthed at the Nauticus  science center and museum in Norfolk, Virginia, presumptive Republican presidential nominee Mitt Romney named Wisconsin Rep. Paul Ryan as his running mate on August 10.

A group of concerned citizens known as PANDA (People Against the National Defense Act), formed in January 2012, has organized protests nationwide against the indefinite detention provisions of the NDAA. PANDA Indiana has scheduled a march against the National Defense Authorization Act today to begin at 1:00 p.m. at Monument Circle in downtown Indianapolis.

The U.S. Justice Department has announced that it will not be prosecuting Wall Street firm Goldman Sachs or its employees following an investigation into financial fraud. A Senate panel had been investigating allegations that the firm marketed four sets of risky mortgage securities without informing their clients that the securities were risky.

 

 

Despite assurances that he would not diminish the right of fair use in American copyright law, U.S. Trade Representative Ron Kirk appears to be doing just that during secret negotiations being conducted on the Trans-Pacific Strategic Economic Partnership (also known as the Trans-Pacific Partnership, or TPP).

 

According to language leaked to the Internet late last week, the legal definition of “fair use” is now fair game for the international cabal of TPP negotiators hammering out that trade scheme in secret.

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