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|Tuesday, August 02, 2011|
By MARK THOMA
If you weren’t convinced already, the negotiations over the debt ceiling ought to have cleared up any doubt that Congress is becoming increasingly dysfunctional. But the debt negotiations are simply the latest and most extreme example of a trend on Capitol Hill toward the use of unbending rules, triggers, ticking bombs, and other devices to compensate for dysfunction and the inability to make progress on important issues.
One answer is that the press is not doing its job. The cost of extremism, such as building a debt-ceiling bomb that risks blowing up the economy, is very low. If there is little chance that bad press will harm reelection chances, and some reason to expect a gain, then why not take a chance on an extreme strategy with high potential benefits? Another answer is that increasing inequality and polarization that our emerging two-tiered society has generated have diminished the areas where there is common ground between the two sides. Thus, it is becoming more and more difficult to agree on anything.
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A new report highlights how Oregon bankers are giving back to their communities.
Since 1932 Tidewater Transportation & Terminals (operating as Tidewater Barge Lines and Tidewater Terminal Company) has operated a multicommodity transportation and terminal company based in Vancouver, Washington. The friendly expression on the company’s shipping containers reflects the attitude of about 330 safety and community-conscious employees but belies how complicated the barge business really is.
The Port of The Dalles has run marine facilities since the 1930s, but they are part of a larger mission to strengthen the local economy. They focus on regional economic development with a strong bent toward adding good-paying jobs in high tech, manufacturing and other industries.
Thinking about an MBA? Join us for our upcoming Wine & Cheese Information Session to learn more about Concordia University's MBA program.
Providing attendees with unique taste of the Northwest Reception.
CFM Strategic Communications turns 25 this year and is celebrating with a revamped website, special events for firm alumni and clients, a special-label wine and a list of 25 stories about its client work over the past quarter century.