Page 8 - Business Facts

The Internet is simultaneously killing the postal service and keeping it alive!

The internet brings convenience and an easy way to pay bills, communicate with friends and even to send greeting cards for special occasions. This means less licking of postage stamps and less running off to the post box to see if you have mail. Have you ever stopped to think what this means for postal services?

The US Postal Service is hitting net loss of $1.9 billion because of the huge decline in first class mail, which was the biggest earner for the agency. The internet is now taking care of that category as bills are sent online and payments are made in the same way. "We're quite obviously in a deep financial hole," Joseph Corbett, USPS chief financial officer and executive vice president, told reporters in a press briefing.

But there is a section of the Postal Service that is doing quite well, also thanks to the internet. The shipping and packaging business is still thriving as more and more consumers discover online shopping and need their goods delivered as soon as possible - so that they can shop again!

Spare a thought for the US Postal Service next time you click, and remember that they go out of their way to deliver greeting cards even if it does not have the correct postage – especially over the Festive Season.


Has your boss ever given you 3 million dollars? For workers of Lenovo in China, it actually happened!

Big businesses often get a bad rap for being cruel and focused only on the success of the company. However, a couple of small examples survive to challenge that stereotype by providing services or making donations for their hard working employees. Chief among them could possibly be Yuan Yuanqing, the CEO of Lenovo, a multinational technology company specializing in the design, developing, manufacturing, and selling of computers, smartphones, and other technology.

As a reward for record profits for his company, Yuanqing, who led Lenovo to be the best-selling personal computer brand in China in 1997, received a sizable 3 million dollars in bonus money. The generous CEO turned the money over to about 10,000 of his employees. He did so in order to present them with a tangible thanks for their contributions to the company.

While this was certainly impressive, Yuanqing went on to give out another similar gift of 3.25 million again in 2013. Yang Yuanqing was named one of the "World's Best CEOs" by Barron's, an American weekly newspaper that covers financial information around the world.


A long-closed car dealership had hundreds of nearly unused cars from the 1950s and '60s! What was their fate?

Chances are you've probably heard stories about people discovering forgotten vehicles. Collectors and automotive enthusiasts may spend their lifetimes searching for dream cars that remain in nearly perfect shape. But how often do they really find the treasures they are looking for?

A sizeable collection of long-forgotten vehicles were auctioned off in the small town of Pierce, Nebraska. About 500 vehicles had been stored away. What's even more rare is that many of them were practically "new." There were some vehicles from the 1950s that had only a few miles on their odometers!

The dealership opened in 1946. It was truly a small business, with only one mechanic on hand. It was a business that has been described as a "mom and pop" operation that required hard work, honesty, integrity, and kindness.

While the new vehicles were stored in warehouses, many trade-ins were kept on a family farm. Eventually the collection of cars grew to a considerable size before the dealership finally closed.

The dealership was owned by Ray and Mildred Lambrecht, husband and wife. Their daughter says it was a painful decision to sell off their inventory of vehicles. On the other hand, many people will be thrilled to own great pieces of American history.


Some awesome lists!

Carlos Vasquez shows his gratitude by cleaning clothes for the unemployed for free. Why he started doing so is a sad story

Because first impressions really do count, Carlos Vasquez decided to help unemployed people to make a good one. He owns the upper East Side's 'First Professional Cleaners' dry cleaning establishment and he taped a sign in the window that reads, "If you are unemployed and need an outfit clean for an interview, we will clean it for FREE."

"It's just something I do to give back to the community," says Carlos, who owns the business together with his wife, Arelis. "It's to thank them for the support that I get around here, for letting my business keep going by bringing me their clothes."

He put the sign up after he heard that some of his regular customers were laid off work. Vasquez sees the sign as some form of lucky charm and believes it brought some customers good luck. "Two of my customers, they used that sign," he said. "When I gave them their clothes, I said, 'Good luck, you're gonna get a job.' And they did."

It is not the first time Carlos has put the sign up in his window. The first time was after 9/11 when he lost at least 32 clients. Asked why he does this, he responded, "We do it for the community because I consider myself lucky just to own a business in this city."


If you're a Mac user, you may not be seeing the best deals on!

The travel site Orbitz was the center of a bit of controversy in 2012 when it was reported that they target higher priced hotel rooms to Mac users. It's important to note that the company didn't offer the same rooms at different prices, but rather tailored it's "suggested" rooms depending on what type of computer you were using.

In response to the controversy, Orbitz' PR firm released a statement which clarified, saying that the company has found that Mac users are more likely to book high-end hotels, and even when they book the same hotels as PC users, they would book the more expensive rooms.

The company claims that it tries to suggest the most relevant rooms to it's customers and uses data that is automatically sent to them when you visit their website to do this. They call this "predictive analytics."

What this boils down to is that Mac users aren't being shown the best deals by default. All users do have the option to sort rooms by price and none of the rooms are only available (or not) to certain groups.



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