Fannie Mae and Freddie Mac

From a post on Marginal Revolution:
But let’s say that the Treasury did not support the debt of the mortgage agencies. The Chinese bought over $300 billion of that stuff and they were told that it is essentially riskless. The flow of capital from them and from other central banks, sovereign wealth funds, and [...]

The Federal Budget…or lack of it

In its summer budget update, the nonpartisan budget office said the federal deficit would likely double this year compared with last year, and remain at about 3% of gross domestic product for the next two years.
For 2008 fiscal year (which ends at the end of the month), the CBO forecast a $407 billion deficit, or [...]

The FREEDM Center

No it’s not a typographic error…
The Future Renewable Electric Energy Delivery and Management (FREEDM) Systems Center, headquartered on NC State University’s Centennial Campus, is one of the latest Gen-III Engineering Research Centers (ERC) established by National Science Foundation in 2008. The FREEDM Systems Center will partner with universities, industry and national laboratories in 28 states [...]