Word: mellons
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Dates: during 1970-1979
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...highlight of the event was a game in the final round between the defending champion from Northwestern University, and last year's runner-up, from Carnegie-Mellon. The game was exciting, not only because both programs were undefeated, but also because it amounted to a clash between two different styles. The Northwestern program, named Chess 3.5, looked ahead 4 ply at most. However, its evaluation function was very sophisticated, and it assessed positions on the basis of material, pawn structure, control of the center, and safety of the king. The other program, Tech, could look ahead...
James Gillogly, programmer of Tech and a Ph.D. candidate in Computer Science at Carnegie-Mellon, regarded the game as a contest between brute force and intelligence. His program is extremely simple and was developed in about six months, which is relatively quick. Gillogly believes that the pure technological approach to chess programming, which involves few strategic ideas, can serve "as a baseline against which more sophisticated programs can be compared, thereby determining whether the development of a complex program is worth the effort...
This situation is almost certainly too idyllic to last. Interest rates have been inching up lately; recently, Pittsburgh's Mellon National Bank & Trust Co. lifted its prime lending rate for businessmen by ⅛%, to 5½%, and some other major banks have followed suit. By fall, board members fear, the growth in loan demand that accompanies a business surge will put upward pressure on mortgage, consumer credit and some other interest rates. In addition the Treasury will have to begin borrowing heavily by late summer to finance a growing federal deficit. It is now estimated that the Treasury...
Pusey retired last year to head the Andrew W. Mellon Foundation in New York City. He announced his retirement early in 1970--ten months after the April 1969 takeover of University Hall--and thereby put into gear one of the most elaborate search procedures for a successor ever devised. Another of today's degree recipients, Paul Samuelson, was among those considered by the Corporation to replace Pusey...
...President Emeritus Nathan M. Pusey '28, who retired last June, will not be found at his New York office at the Mellon Foundation from Wednesday afternoon until Friday morning...