Via the ?Real News: Privitization of the Royal Mail Service Interview of John Weeks,( a professor emeritus of the University of London and author of the forthcoming book The Economics of the 1%: How Mainstream Economics Serves the Rich, Obscures Reality and Distorts Policy).
Brings to mind this process: Grim outlook of US post office buildings:
Currently, at least 12 post offices have been sold or put on the block in Northern California. A public hearing on a contested proposal to sell Berkeley’s main post office is scheduled for later this month.
Along with the move to five-day mail delivery, selling post office buildings is part of the Postal Service plan to save $20 billion over the next three years. More than 600 buildings have been “earmarked for disposal” nationwide, at a savings of $2.1 billion, according to the Postal Service’s 2012 report to Congress.
“Selling larger facilities is a means of getting cash flow and reducing our expenses,” explained James Wigdel, a Postal Service spokesman in San Francisco.
In charge of selling the facilities for the Postal Service is CB Richard Ellis Group, one of the world’s largest real estate companies, chaired by San Francisco financier Dick Blum. CBRE, which has worked with the post office since 1997, was awarded the exclusive contract to market Postal Service facilities in 2011. Blum is married to Sen. Dianne Feinstein, D-Calif., a relationship some critics of the post office have duly noted.
“Historically, USPS has worked with multiple real estate service providers. The new contract enables USPS to consolidate these activities with one service provider,” CBRE said in a statement at the time.