Word: fund
(lookup in dictionary)
(lookup stats)
Dates: during 1950-1959
Sort By: most recent first
(reverse)
EDUCATION. To stimulate scientific education, the Department of Health, Education & Welfare will seek an initial $224 million for a federal scholarship program (see EDUCATION). In addition, the National Science Foundation's fund for non-defense pure research grants ($17 million this year) will be raised to about $50 million...
...Panel II, one of seven panels set up in the Special Studies Project of the Rockefeller Brothers Fund Inc. of New York. Co-signers of the Defense Report: Investment Banker Frank Altschul, vice president, Council on Foreign Relations; General (ret.) Frederick L. Anderson, commander of the Eighth Bomber Command in World War II; onetime Assistant Secretary of the Army Karl R. Bendetsen; President Detlev W. Bronk of the National Academy of Sciences; former Atomic Energy Commission Chairman Gordon Dean; Physicist James B. Fisk of Bell Telephone Laboratories, Inc.; Investment Banker Bradley Gaylord; Lawyer Roswell L. Gilpatric, former Under Secretary...
Both labor and management have belatedly recognized that all funds have to be run a lot better. As a result of scandals in the funds of some affiliates, the A.F.L.-C.I.O. issued a new code of fund ethics, invoked it last month to oust the teamsters' (TIME, Dec. 16), bakery and laundry workers' unions. In addition, the million-member International Association of Machinists two years ago joined U.S. Industries, Inc. in organizing the Foundation on Employee Health, Medical Care and Welfare Inc. because, says Machinists' President A. J. Hayes, "infinitely more money is being wasted in welfare...
Losses cannot be cut by self-policing alone. One reason is that virtually no laws apply to the control of welfare and pension funds. To fill the gap, Democratic Senator Paul H. Douglas introduced a bill to police the funds that has wide bipartisan support. The bill calls for registration with the Labor Department of every welfare and pension plan in the U.S., requires full disclosure of fund finances in some 250,000 annual reports, provides criminal penalties for failure to do so. It is solidly backed by the Administration. Says Labor Secretary James P. Mitchell: "These private plans...
...Administration, along with many fund experts, disagrees. Many experts feel that the field is far too big to leave uncontrolled (only six states have amended their insurance laws to cover the funds), and that worries about the disclosure of fund investments on the stock market have little foundation. Mutual funds, with some $10.5 billion in stocks and bonds, are required to publish their investments at least twice a year, and there has been no visible damage to the market. So far, the Administration has potent support from A.F.L.-C.I.O. President George Meany, who is in favor of full disclosure...