Word: mellone
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...director of the National Science Foundation. On policy matters, he will consult with Treasury Secretary George Shultz, the Administration's new economic czar; on money requests, he will go to Roy Ash, head of the Office of Management and Budget. An aeronautical engineer and former president of Carnegie-Mellon University who once was an M.I.T. faculty colleague of Shultz's, Stever is convinced that he will always get an adequate hearing from his new bosses. "I might have to jog a little farther to get to see these people," says Stever, who has not earned a reputation...
Established with grants from the Mellon and Norman Foundations, the fund was set up explicitly to finance experiments in undergraduate instruction despite what Bok recognized as a lack of any single animating philosophy of education that gives order to our curriculum." With the assistance of Dean Whitla director of the Office of lests. Bok picked several projects to subsidize, experiments in the modes of undergraduate instruction and in teaching graduate students how to teach. Although Whitla actively solicited proposals from Faculty members, so few ambitious projects meeting Bok's standards were submitted that money was left over. No student inittaded...
...threat that the Administration might place controls on rates. The committee itself has given no public hint of what kind of line it might pursue, though the Federal Reserve has the power to restrain certain rates. This week New York's First National City Bank and Pittsburgh's Mellon National Bank & Trust lowered their prime rates from 5? to 5¾. In addition, New York's Bankers Trust gave up the practice of automatically keeping its prime loan rate slightly above such key money market rates as those for commercial paper and certificates of deposit; other banks may well follow...
...Richard Mellon Scaife, a Pittsburgh heir of the Mellon banking fortune...
...President's Fund was created last May after Dean Dunlop and Bok persuaded the Mellon Foundation--headed by President Emeritus Nathan M. Pusey '20--and the Norman Foundation to donate over $1 million in order to develop new methods of instruction and better preparation of graduate students as teachers...