The Port Authority of New York and New Jersey–a ninety year old agency with two governmental parents who’ve never let go–is up to a four billion and counting cost overrun for the Freedom Tower complex rising on the World Trade Center site. The two first-term governors–New Jersey’s Christie and New York’s Coumo–want better management, but somehow overlook how political tentacles winding through the Port Authority from each state do much to gum up the works.  http://www.nytimes.com/2012/02/08/nyregion/port-authority-called-dysfunctional-by-auditors.html