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|Thursday, August 20, 2009|
The thrifty will inherit the earth. According to our current poll asking how the credit crunch is affecting spending, almost half of the respondents say that they have survived the crunch by saving, and avoiding the pain of borrowing.
But the next largest group says just the opposite. Those saying getting credit is “Impossible. I’m bleeding and can’t get a bandage,” was the vote of 22 percent of the respondents.
Whichever way you handle it, the credit crunch is likely to persist, according to MarketWatch, saying that the Federal Reserve reported this week that with “delinquency rates rising to a record high, banks were still clamping down on lending to businesses and consumers over the past three months, and they said they planned to keep their credit standards tight for at least a year.”
However, BusinessWeek took the same Fed report and wondered: “Is the credit crunch for small businesses approaching an end? There’s a hopeful sign in the survey of senior loan officers out from the Fed today. One of the 55 banks survey reported that it had eased credit standards for lending to small firms (under $50 million in sales) over the past three months.”
So pick your opinion. Seems the pundits are as split as our voters are on what to make of the credit crisis.
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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.