Pulitzer Prize Archives - Social Correspondence

Who Selects the Stamps

Who selects the stamps? Each year, the United States Postal Service issues approximately 35 new stamps, covering a wide range of images and fields of interest. In short, it is not hard to find something to like. New stamps are selected by the Citizen’s Stamp Advisory Committee (CSAC) of the USPS, whose members are appointed by the Postmaster General. Playwright August Wilson is featured on a new Forever Stamp The CSAC was established in 1957. Currently, the committee has 13 members, representing “…collective expertise in history, science, technology, art, education, sports, and other areas of public…

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April 22, 2021

newspapers / Post Office / Postal Service / Stamps / U.S. Postal Service

Ponzi Scheme and Stamps

A certain type of fraud that dates back centuries, known as a Ponzi scheme, derived its name from a deception involving stamps in the early 20th century. According to the online Merriam-Webster Dictionary, a Ponzi scheme is “an investment swindle in which some early investors are paid off with money put up by later ones in order to encourage more and bigger risks.” Investors are led to believe that their investment is yielding unrealistically high returns. Despite the 20th century adage, “If it sounds too good to be true, it probably is,” billions of dollars have…

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February 23, 2021