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...Policy to the divisional deans. Principle investigator rights allow professors to submit research proposals and then oversee the research. “[University administrators] have a strong interest in making sure that those submitting these proposals are qualified to do so,” Wofsy said. Because any grant proposal coming from a professor is submitted by the University, he said that it would be more appropriate for the actual faculty, rather than an “awkward venue” of administrators, to award the necessary PI rights. The second part of the proposed change automatically extends approval...

Author: By Benjamin M. Jaffe and Esther I. Yi, CRIMSON STAFF WRITERSS | Title: Fac Council Changes PI Rules | 9/24/2008 | See Source »

...stock index dropped 2.3% Monday after the French government nearly halved its 2009 growth estimates to 1% - at least one factor might limit the damage to a degree. In the course of the last 15 years, which saw a boom in France's real estate values, no lender would grant credit to an applicant with more than a 33% debt-to-income level. French banks have also always favored fixed-rate mortgages over more enticing but perilous variable-rate loans. The French real estate market is slowing, but the more prudent approach of French banks lessens the prospect of foreclosures...

Author: /time Magazine | Title: No Gloating in France on Finance Crisis | 9/23/2008 | See Source »

...with the UC's usual student group grants, organizations will apply for Student Life grants on the Common Grant Application and then interview with the UC's Finance Committee, which will make a recommendation to theentire...

Author: By Alex M. Mcleese, CRIMSON STAFF WRITER | Title: UC and College Debut New Student Life Fund | 9/23/2008 | See Source »

...Genius" is a term we tend to use all too liberally. But since 1981, this lofty club has had an unofficial gatekeeper: the John D. and Catherine T. MacArthur Foundation, whose MacArthur Fellowship is widely known as "the genius grant." (The foundation, which was created in 1978 and which annually distributes nearly $300 million in grants, avoids using the term, as it incorporates only "a singular characteristic of intellectual prowess" that doesn't reflect their recipients' assorted talents...

Author: /time Magazine | Title: The 'Genius' Grant | 9/23/2008 | See Source »

...grant was first awarded to 21 individuals in June 1981. But the idea had been germinating since 1978, when a MacArthur board member, William Kirby, brought to his cohorts' attention an article from the American Heart Journal in which a doctor named George Burch argued a fund should be set up to support individuals whose contributions to society would multiply if they were unshackled from financial constraints. With the encouragement of John D. MacArthur's son, Roderick, the Fellows Program was formed...

Author: /time Magazine | Title: The 'Genius' Grant | 9/23/2008 | See Source »

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