So i'm having lunch with a friend - a technology consultant - who tells me he's working predominantly with Quangos right now. This prompts me to search the definition of the word immediately:

n. pl. quan·gos

An organization or agency that is financed by a government but that acts independently of it.

One of the projects this friend of mine is involved with is the regeneration of the Battersea Power Station site. Mammoth in scale, the new plans include a hi-tech Media Center he says might turn out like a Media Lab for London. Watch this space.