The 35% subsidy from the federal government, i.e. taxpayers, to the states is about to end. $185 billion in these bonds was issued in 2010. With the House changing hands next year it is unlikely the program will be resurrected. Watch for a very rough year for muni bonds in 2011.
- Cornell Tech Project Tests 'Passive' Design in the U.S.A new European building method that is touted to cut energy costs is going to get one of its first big U.S. tests at a new technology campus that Cornell University is developing on an island in New York City’s East River. […]
- Shrinking U.S. Shopping Malls Get MakeoversAn era of relentless expansion for American shopping centers is coming to an end as a toxic brew of overbuilding, the rise of e-commerce and a wave of retailer bankruptcies force landlords to reimagine once-lucrative properties. […]
- U.S. Stocks Edge Up, Buoyed by Energy SectorU.S. stocks edged up Tuesday, as concerns around the Turkish military shooting down a Russian jet fighter along the Syrian border subsided. […]
- Cornell Tech Project Tests 'Passive' Design in the U.S.