Word: congression
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Fannie Mae began life in 1938 as the Federal National Mortgage Association, a New Deal government agency, and was privatized in 1968 to get its debts off the government's books. Two years later, Congress created Freddie Mac, the Federal Home Loan Mortgage Corp., in part to give Fannie some competition. The firms became odd hybrids--government-sponsored enterprises (GSES) accountable to private shareholders. And they got away with holding only tiny capital reserves to insure against losses in their giant portfolios--partly because of their quasi-governmental status and partly because mortgages were supposed to be safe...
...Higgs Boson, which scientists believe gives everything in the universe its mass (some physicists call it the God Particle). Previous detectors at CERN and Fermilab near Chicago have failed to find the elusive Higgs, and a planned supercollider in Texas designed to confirm its existence was never finished after Congress cancelled funding in 1993. Now that the LHC is on the quest, some observers herald Europe as the new center of pure scientific research...
...Obama may believe in investing in a mandate to govern - helping to expand Democrats in Congress and in local and municipal races - but that won't matter a whole lot if he fails to win the presidency. "This 50-state strategy, I hope it's real," says Bill Steiner, the RNC's director of strategy. "But I actually think what it's for is to cover up some of their weakness in targeted states like Wisconsin, Michigan, Pennsylvania and Ohio. States that Democrats can't afford to lose. This is about quality vs. quantity...
...Commencement address in June. “We cannot treat our endowment as a lump sum.” Even if Grassley were to act on his legislative threat, the looming presidential election makes it unlikely that a new law would be passed before the next U.S. Congress is sworn in next January. —Staff writer Clifford M. Marks can be reached at cmarks@fas.harvard.edu. —Staff writer Nathan C. Strauss can be reached at strauss@fas.harvard.edu...
...interestingly enough, coined by Joe Biden, the man who is now Obama's running mate. But where 55% of white women voted for Bush in 2004, only 50% voted for Republican candidates in the 2006 midterm elections, which was one of the reasons the party lost both houses of Congress. And as much as Palin pleases the conservative base of the party, white women were the real target audience McCain was aiming at with his surprise pick of the Alaska governor. The campaign hopes female voters will relate to her thoroughly modern and complicated everywoman story, even if they...