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...Monsanto are aiming at a tough scientific target, but Hanley figures that it is equally significant that they are demonstrating a means for working together to increase the effectiveness of the research under way in U.S. universities. Compared with cash-short colleges, companies have far larger resources to invest in basic research, and they are much more expert in managing that research, directing it to the market and recruiting scientists. "The transferral of technology from the university to the marketplace is a very flawed mechanism in this country," says Hanley. "It doesn't work worth a damn...
Decontrol could lead some oil companies to drill merely for the sake of appearances. Opinion among Exxon's top management was divided on whether to invest what eventually became $460 million last year in a so-far futile search for oil in the Baltimore Canyon area of the Atlantic. Though preliminary seismic studies were not encouraging, the company went ahead anyway. The decision was made partly on the grounds that it could not be seen as declining to explore in an area so close to the petroleum-hungry Northeast...
Mason said the university will allow the investments to expire and will most likely invest in U.S. Treasury bills or in banks that are not active internationally...
Where the Rich Invest...
...article on the investments of those moneybags [April 2] may interest some, but unfortunately has little relevance to most of us. Those affluent few who can afford to invest in vineyards, professional football teams or Reno condominium developments can also afford to lose tens of thousands of dollars, while the small investor can be wiped out by the merest fluctuation of the market...