Postal Service Delivery Performance Steady at 2.5 Days

Since Patagonia’s founding in 1973, Yvon Chouinard and his family have been its owners. Now, almost 50 years later, the company is announcing that the Chouinards are transferring all ownership to two newly created entities in an effort both to cement the company’s values in its operating structure and step up its fight against the climate crisis. All voting stock (about 2% of the total) is now controlled by the Patagonia Purpose Trust, while the other 98% is under what’s called the Holdfast Collective. The goal behind the Patagonia Purpose Trust is to create a permanent legal structure to enshrine the company’s purpose and values, so that there is never deviation from Chouinard’s intent—and to make sure the company continues to demonstrate that capitalism can work for the planet. Meanwhile, the company says that all annual profits that are not reinvested back into the business—which they estimate to be about $100 million per year—will be distributed by Patagonia as a dividend to the Holdfast Collective (which is designated as a 501(c)(4) organization) to fund grassroots environmental organizations, invest in businesses, and support political candidates that all work to protect nature and biodiversity, support thriving communities, and fight the climate crisis.

Amazon will no longer sell digital magazine and newspaper subscriptions via Kindle Newsstand, starting next year. The tech giant is also phasing out its print textbook rental program, Publishers Weekly reports. Amazon issued this statement to Publishers Weekly: “Following an assessment of our print textbook rentals and our magazine and newspaper subscriptions and single-issue sales, we have made the difficult decision to discontinue these services.”

The nonpartisan Government Accountability Office (GAO) has come to us requesting specific company information about how our members have been impacted since the Supreme Court decision in South Dakota v. Wayfair in June 2018. This study will go to Members of Congress and will help make the case for legislative relief from the punishing complexity, cost and liabilities being imposed on remote sellers. So far, several members of ACMA's Tax Committee have stepped up with their case studies, showing in detail the kind of financial hardship the Wayfair decision has had on their businesses. Please help with our goal being to get Federal legislation passed so you don't have more than dozens of states chasing after you for back taxes, audits, and other liabilities. Our help in this crucial GAO report will go a long way toward reaching this vital goal. Click read more below for important directions to share your input.