The Forever Stamp
Posted: March 30, 2007
The new "forever" stamp, which will be used indefinitely to mail a first class letter, will go on sale April 12th for 41 cents. However, the price of a first-class stamp does not increase from 39 cents to 41 cents until May 14th. The "forever" stamp is intended to make it easier for consumers when postal rates increase in the future since the "forever" stamp will be sold at the prevailing first-class rate.
I think the American public will embrace the concept of the "forever" stamp - especially small businesses and other large users. However, I began to have ugly thoughts about the last time the price of a first-class stamp went up. I remember how many post offices in West Central Wisconsin did not have the new 39-cent stamp in stock when it was supposed to be available. I also remember having to buy a fairly significant amount of two-cent stamps until the local post offices received the batch of new stamps.
Granted, the introduction of the "forever" stamp will eliminate any need in the future to buy one- or two-cent stamps. But this first go-round with the new concept could be another agonizing experience if all post offices are not equipped with enough inventory of the "forever" stamp by the middle of April. That is why I would recommend buying a considerable amount of the "forever" stamp whenever they do become available in the Chippewa Valley. Because, if this stamp is as popular as I think it will be, there may not be a lot left during the week before the actual price increase takes effect.
TELEVISION VIEWING #1: I have never been a big fan of reality television. In fact, I have often taken verbal jabs at friends who spend a lot of time watching reality TV shows. But I must admit that I have become one of the 35-million or so people that reguarly watch "American Idol ". Although I have not become completely enamored with the format and some of the obvious flaws with the singing competition, I have become hooked like so many others. I personally think it would be a shame if Melinda Doolittle does not win this year's "American Idol " contest.
TELEVISION VIEWING #2: "Fast Money ", not to be confused with Jim Cramer's "Mad Money " on CNBC, is one of the better shows for getting good stock tips and learning about issues affecting the investment community. It can be seen weeknights at 7pm. It features some pretty sharp stock-pickers. Jim Cramer, who is on CNBC at 5pm weeknights is informative and clever, but his schtick gets old.